Guild Wars 2

Swordfish.5241:

I don’t get this. There are items nowhere near the “floor” right now, and they are typically the useful items. Go buy up all the sheeple’s ectoplasms and make profits if you are that market savvy.

Why should I, if tomorrow they removed the floor there would be a mad rush to buy everything that people posted below vendor price. I think you severely underestimate the amount of items sold at vendor+1c.

I just wish the floor didn’t exist, would be awesome buying up all of what the sheeple post and reselling it at a gain.

illgot.1056:

I am out in the field. My bags are full so what do I do?

Instead of deleting an item, I stick it on the broker for 1 copper more than the vender asks. Sure, I lose 15% , but I gain because I just opened up space in my backpack to carry more items I will vender once I hit town.

By deleting items in the field, I lose more money than if I were to put it on the TP for just 1 copper more than a vender asks.

Personally I do not have this issue, I sell constantly and have a huge inventory. But I can understand why people do this if they do not purchase inventory slots like I did.

LoL this is why they should remove the floor…

I’d love to start making money off you lot.

Yaos.4528:

The invisible hand is working, since you are no longer putting food items up on the TP you have decreased the supply. Once enough people stop putting cooking items on the TP the demand will be greater than the supply, causing the price to go up. ANet can increase demand by giving cooking items more buffs if they feel demand for cooking items are not as high as they want.

It won’t ever work that way because cooking is one of the few professions that can be largely supplied through karma and not through in-world-harvesting.

Sure you need some materials but on the large, you don’t need them all. Where in other professions it is the EXACT same symptoms and they are harvested.

The only way the market will even out in this instance is people stop playing and drop their posts on the TP.

Twaddlefish.6537:

Bit of capitalist sense needed for some players I feel.

Indeed, I don’t mind people being generous and selling at a loss for a few items but at this point the price floor has dictated that in order to sell some items people have to do it at a loss.

Price floors are rarely good things.

best is to allow the market perfect information and hope they know what to do with it. if people sell for less than vendor price, that is their prerogative but allowing people to sell 1c above and STILL lose money just seems a bit odd…

Hmm without context because they moved my topic I’ll start by saying. I disagree about a HIGHER floor. I think the floor needs to be removed because:

As said in other topics we have an epidemic with people selling at a loss already.

There isn’t a realistic expectation that a person can buy the amount of items left on the bottom and raise the price to a price that would actually net a person a 1c gain over selling to a vendor.

Listed above are the equations to break even with vendor price or profit calculation if you know how to math. (thanks, Jenosavel.1756 for the copy paste!)

The above being said, why should we want the floor removed?

Fewer items on the market.

Without a price floor, people will post below merchant price and those items will get snatched up and sold to a vendor, sometimes at a 1c gain sometimes at several silver or perhaps a few gold gain. The end result is fewer items on the market and a SUPPLY decrease.

The supply decrease is important for pricing items. If the supply falls enough you can start seeing items raise in price naturally and not artificially the way a price floor enforces.

Would this hurt players?!

No, then net result is still cash exchanging hands. If a player puts an item up for less than merchant price they decided the price they listed at would be beneficial to them.

All players have information in their hands, it is THE PLAYERS responsibility to use this information to their benefit. This means looking at items, understanding basic math and rationalizing a price that would, at minimum, break even from a sale.

Hopefully this gets some thoughts rolling. It likely won’t ever change the price floor that A.net has in place to “save” people from themselves, but maybe it gets some thoughts rolling on some other topics like raising the price floor to:

Minimum listing price = Vendor Price + (Vendor Price(.85))

get those juices flowing folks, we have a lot of work to do to clean up the mess that is the TP.