(edited by Hippocampus.8470)
Haha, yeah, I didn’t plan ahead far enough to invest in pumpkins directly, but I did make a gold or two last night selling what I already had in my bank and then re-harvesting both patches with my two characters high enough to survive those zones.
And looking at gw2spidy now, I see that they’re going for quite a bit cheaper even than they were before the bubble, so if I wanted I could buy back the same number I sold and still have made quite a hefty profit.
Yeah, I personally think pump and dump is one of a great many things that shouldn’t be as tightly regulated in-game as they should be in real life. Quite simply, no one loses anything of significant real value if the in-game market crashes. No one starves or loses their job or house if they make a bad BLTC financial decision, and therefore no one should be so harshly punished for encouraging bad BLTC financial decisions as they are in the real world.
well 15% sales tax on 5.30 equals .795 so getting 4.50 back from a 5.30 sale makes sense.
A net profit of 4.50 makes sense, but not seeing 4.50 in the pickup window, since that’s only supposed to be after the 10% sales tax.
This is easy peasy. Anyone complaining about this is spoiled and entitled. Part of the generation that wants everything handed to them on a silver platter with a Nice bow tied to it.
Hmm. Wanting to enjoy a game I paid to play. Imagine that. Guess I must be crazy.
I know this is harsh, but this is true. the game is 1000’s of times easier on us than many other MMO’s… and yet..people complain." I died… I had to pay for a Port…I had to pay for repairs..and Now…I need to kill a few things, or loot some mobs, or find a few trees to chop..or nodes to mine… wahhh wahhhh…"
Seriously. This game is going easy on us.
No one said it wasn’t possible to overcome the teleporting costs. But the fact that it discourages non-profitable behaviour like socialising with other players and doing things with them when there is no clear monetary gain to be had is downright stupid.
The fact that when a friend asks me to help them with a vista or a mission and I instantly sit back and ask myself reflexively, “how much is this going to cost me?” is the real issue here. I want to have fun in a game with my friends without constantly counting the pennies or worrying about how much I’m hurting my gold reserves every time I do something which isn’t actively generating wealth.
Every cost takes time to recoup. I don’t need to address your examples individually or dispute their accuracy, because I can simply declare that in my personal opinion, having to kill a handful of mobs after you teleport is not an undue burden. Especially since walking around provides you with plenty of mobs trying to kill you, who you have to kill first.
If it takes 15 minutes to recoup teleport costs, and people spend an average of 30 minutes playing per waypoint they use (which I think is likely much shorter than the actual amount of time), then the system is effectively slowing down earnings without stopping or reversing them. If it took an hour to recoup costs but people were on average spending only the same 30 minutes between uses, then I agree there would be a problem.
So yes, you did pretty much merely say that the costs were too high, because you simply declared that this amount of time to earn back those costs was too much, without providing any real evidence for that. Sure, you translated money to time, but that’s not the same as an argument for why it’s “too much” in either currency.
Of course, that’s not a particular strong argument in favor of adjusting the rates inherently but, as you pointed out, when the market responds as it has, perhaps there may be something worth investigating on Anet’s end.
Or not, perhaps I’m just a reactionary whiner with a mild case of buyer’s remorse—that is certainly a possibility.
Yeah, the thing I need to remember about the stuff I find problematic, is that it’s not inherently different from the things other people whine about that I spend a lot of time arguing with on these forums: people who are happy with these things usually aren’t the ones posting about it on the forums, so of course forum posts give a skewed picture of many things.
If tens of thousands of people are in fact quite content to pay ANet’s prices for gems and the things you can buy with gems, then ANet is quite possibly making exactly as much money as they’d expected, and we simply aren’t hearing from the silent majority folks who think most things are appropriately priced as they are.
I get the impression that’s a very widespread feeling about the Black Lion Keys. If they cost, say, 1/5 as much (25 cents each instead of $1.25, if they’re bought individually), it’s quite possible that more than 5 times as many would be purchased, and ANet would end up making quite a bit more real money.
Projected profit is sell price – 10% tax.
It does not include the 5% listing fee detailed below.
No bug, just a poorly explained system.
Pay closer attention to the numbers given. If only 4.5g was in the pickup window, but the projected “profit” said 4.77g, something weird happened. Because the projected profit is exactly the expected amount that should show up in the pickup window.
I suspect lackofcheese’s explanation is the correct one, which means that the sale system lacks the warning the buying system has when the item is no longer available at the price you previously selected. If that’s the case, it is something that should probably be fixed (more urgently than the sometimes poorly understood tax + fee system, in fact).
So walk.
The WP costs offend me, too. So I walk a lot of places.
Do you walk from Cursed Shore to Frostgorge Sound often?
How about AC to CM? Do you walk between different dungeons too?
Well the more nuanced suggestion would be to walk from whichever capital city is closest, since you can get to those for free from anywhere. In which case, yes, I personally tend to do exactly that.
I’m assuming you’d still use this argument if the teleport costs were 1g each, right? Cuz if not its a bad argument. I’m not saying that there’s no place for a time vs. money trade-off, I’m merely saying that in this case the balance is off. “Don’t use it if you don’t like it” does nothing to repudiate my case.
Nor does the fact that you think current prices are too high do anything to support the claim that they are in fact too high, because whatever they cost, some people with think they’re too high.
If ANet discovers that WP costs are having an adverse effect on the economy or player base as a whole, they’ll do something about it I’m sure. But the mere presence of some people complaining does not imply such an effect exists.
OK… I feel differently, acted differently, and felt the rewards didn’t pace well with the cost. I came to confirm the low rate so others who feel similarly to me might avoid the expenditure if this low rate bothered them, while adding that the reward rate is too low for me to consider doing it again.
Yeah, it looks like others have realized this as well. The price of these chests on the TP dropped by about 60% in less than an hour, and now they’re going for less than 1/4 of what they were last evening.
There’s a 5% listing fee that’s taken from your inventory when you place the listing, and there’s a 10% fee taken out of the selling price after a successful sale.
In total, this means you only get back 85% of the price you list, so keep that in mind when deciding how expensive an item should be.
Yeah, I’ve made kind of a killing recently selling high-end or high-rarity cooking ingredients, since my cooking character is a little-played alt at a much lower level, who doesn’t need any of that stuff yet. Now I’ll add butter and chocolate to the list of things to sell, since said low-level alt should have no trouble continuing to find them in the areas she can access.
That was either a bug, or you sold to the highest offer instead, and that highest offer was 5g rather than 5g30s. Because the amount to pick up from 5.3g is definitely 4.77g, as the initial projection stated, whereas 4.5g is exactly what you’d pick up from a 5g sale.
(Keep in mind that in neither case does the projected profit include the additional 5% listing fee, which is taken out of your inventory at the time you first put the listing up.)
Yeah, WP costs are just another of many coin vs. time tradeoffs in the game. You buy from or sell to an existing listing when you’re impatient with the TP, and in so doing you get a worse price than you could by setting your own listing and waiting. You use a waypoint when you’re impatient with walking, and in so doing you spend money instead of making it (which is what would happen if you kill mobs or collect resources while walking). Some people list items directly to the TP from anywhere, even if the price will result in a net loss, because they don’t want to waste time finding a vendor to free up inventory space.
If you think the tradeoff isn’t worth it in this case, don’t use it in this case.
If ANet supplies no gems, then gems will eventually disappear, since they get destroyed when people buy from the gem store.
If you mean on the gem/gold exchange, it’s my understanding that ANet already supplies no gems there (though in practice they kinda do as a middle man, so trades can be instant instead of needing to place orders like on the TP).
Yeah, butter is no longer the most worthless, oversupplied drop in the game.
And now that the holiday drops are known to be quite uncommon, prices have dropped by about 2/3.
World First Legendary Eternity Updated with recipe and video
in Crafting
Posted by: Hippocampus.8470
Nice to see this thread derailed by yet another person ranting about how gosh-darned hard it is to get precursors…
Yes, they said they’d watch the price, and it hasn’t gone up significantly since then. What exactly do you think they should do at this point?
Well yeah, that too. As a former philosophy major, I guess I’ve just become immune to being bothered when people throw around words like that without understanding their meaning.
that’s a false syllogism. You might be able to say that none of those are the reason this happened, but it doesn’t make them false.
It’s not a false syllogism, since I said it didn’t happen because of any of those things. Which means I did say none of those things was the reason it happened. I never claimed any of them was false, only that they have nothing to do with your inability to read and/or understand the TP interface.
I’m a guildmaster and as such I look at a lot of guild chatter, player levels and what they are looking for. i also talk to other guildmasters.
the differences in wealth levels int this game is incredibly vast. Bombay level vast.
So the hell what? No one in this game starves if they have less wealth than others. No one gets murdered over a loaf of bread. No one loses their job or their house or their car if they can’t make payments on time, since there are no payments to make on time.
This tendency you and others have to complain about the TP through analogy to real-world problems that can arise from unequal wealth distribution is absurd bordering on the insane. Bringing up Bombay or Haiti or African food aid or whatever you’ll post about next is completely unrelated to what happens in GW2, where everyone has enough to eat all the time because food (along with everything else) is not actually necessary to survive.
(edited by Hippocampus.8470)
But every person you see with a blue arrow over their head? that costs 100 gold. It allows you to have 40 players in your party instead of 5. Am I ever going to see one? No. Not anymore.
Why not any more? If you’re unable to increase your wealth, even very slowly, then you’re doing something very very wrong.
Oh sure. but very very slowly still leaves you out of the market. Inflation happens in these games.
You really need to read what you’re responding to or pay closer attention to the words you yourself say. The commander book costs 100g. As far as I know, ANet hasn’t said anything about plans to raise that price due to inflation.
Therefore, bringing up inflation as if it’s relevant here just makes you look like a crazy person.
So by your logic if I played every day, nver died or bought gear or bank slots or anything, by now I would have about 300 gold assuming i started at level 80 and didn’t have to work my way up.
No, by my logic far more than 5% of players have had at least 3g on them at some point. That’s all I was contending, since you asserted that the measly sum of 3 gold was somehow unobtainable for an average or casual player. Since if you’re paying attention this is the mailing gold thread, not your whining about alleged pump-and-dump thread, and the point was to address your claim that capping coin mailings at something absurd like 20s would be reasonable.
Sure, some people have 300g or far more, but you asked for solutions that don’t involve the TP, and then proceeded to mention the one you yourself use.
That equates to well over 100 silver to get to lvl 25 by refining jute scraps.
Sure, but typically the bolts go for about twice the scrap price, so you could just sell them back after leveling.
Here is the real kicker so lets say you decide well hell ill get all the other mats then get Dusk or Dawn last.. You obtain all the mats and few months by. Dawn/Dusk is now 600g
Both of them appear to have stabilized in price during the past 10 days or so, so I expect they have more or less reached equilibrium. They’ll continue to go up naturally with inflation, but I’d be surprised at multiple consecutive days of tens of gold price increases any more.
Right, and what we’ve said to you a couple times so far, it’s nothing more than a cosmetic change, because either way you end up with the seller netting 85% of the money the buyer spends.
Magic find does jack kitten.
I was pretty sure we knew this to be the case quite some time ago, that magic find only affects drops from mobs. It doesn’t affect resource nodes or salvaging or bags or the mystic forge.
Curious about method ANet would say is efficient for some unique weapons, etc
in Crafting
Posted by: Hippocampus.8470
It has nothing to do with Zelda
The name may not be (only) a reference to Zelda, but the icon certainly is.
Yeah, if you list an item for 16s, there is absolutely nothing any other player can do (short of actually hacking the trading post), that would result in you getting only 3s for it.
So one of the following is true:
1) There’s a bug that’s only affecting you.
2) You screwed up and did not actually list it for the price you thought you did.
3) You screwed up and did not correctly interpret the source of the 3s in your pickup tab, and the item hasn’t actually sold yet.
While all of the following are definitely false:
1) This happened because of pump-and-dump.
2) This happened because it’s like the 1890s up in here.
3) This happened because the rich get richer on the backs of the poor.
I have to disagree with your statement. If what you say were true then all items upp to level 10 would be at a silver as well. Level 2- 10 for the most part are underpriced. Another example of robbing the poor is level 11 shoulders. They go from 3 to 5 silver. Then drop each level after that til they are again under priced. This totally negates your arguement.
In that case, it might be a matter of crafters trying to recoup some of their losses. For example, consider Mighty Embroidered Pants. As I type this, the lowest sell listing is 1.98s and the highest buy offer is 1s. However, if you look at that recipe, you’ll see that the cheapest option for crafting the item is worth 60c more than that, given the cost of jute.
name one that does not include the TP. i can make a gold in an afternoon farming cursed shore.
There, you just named one yourself. Three afternoons (or one long weekend day), if you walk everywhere and don’t die (which isn’t that hard), will net you 3g. Do you really think this is something less than 5% of players are capable of doing?
But every person you see with a blue arrow over their head? that costs 100 gold. It allows you to have 40 players in your party instead of 5. Am I ever going to see one? No. Not anymore.
Why not any more? If you’re unable to increase your wealth, even very slowly, then you’re doing something very very wrong.
What do you mean you only got 3.02 back? Is that the profit after factoring in cost of materials (in which case it seems completely reasonable)? Or is that the amount in your pickup window (in which case it’s either not from your sword at all, or it’s a bug and you should submit a support ticket)?
Or do you mean you paid 16s to craft it and it was only selling for 3.02s on the TP? In that case, you probably should have done more research before making it.
Now you are just saying ridiculous things. It is incredibly easy to get more than 3g at one time without ever playing the TP or cheating or anything else you’re accusing “rich” players of doing. After all, level 60 manuals are 2g each, and I suspect most level 60 characters are able to afford those.
Agreed on all points. If I put more than one word in the search box, it’s because I know more than one word of the thing(s) I want to see, not because (as with websites) I’m just throwing stuff out there in the hopes that I’ll find approximately what I’m looking for.
You’re talking about buying and selling 5k of this item hoping that the market won’t change a bit, so you can have you 4c profit (around 40s for 5000 bone chips).
Not sure where/how/if you learned math, but 4c each on 5000 units is 2g, not 40s. (And it’s really 4.45c average, working out to 2g22s50c profit instead.)
I could see not wanting to buy any of the 27c listing if there were really 5000 at that price and you didn’t have 13.5g to spare at the time, but if they were really selling just fine at 37c, 2.225g is nothing to scoff at.
But where did this ridiculous 5k number come from in the first place? It looks to me like you invented it out of whole cloth, since it’s certainly not in your original account of what happened.
Care to provide evidence for your pump and dump claim? I know there are occasional posts here by people who want to inflate the value of some item they have in large quantities, but other than that I’m not sure what you’re talking about.
Also, I can’t help but laugh at the people still claiming “you’ll never have a legendary”, because most of them are basing it on the completely mistaken belief that precursor prices are continuing to rise by significant amounts each day. In reality, most of them seem to have stabilized, which means further increases will likely be much slower, and result from natural inflation.
Ok… I’ll give you guys a really good example.
…
Right now cayenne peppers are selling for 1.04 and the highest offer is 91c. There you go, they just destroyed another item in the market.
Um, no, 1.04 and .91 is not a destroyed market. Look at the long-term trends in pricing: apart from the spike in demand yesterday around this time, which temporarily drove up sale prices (but not buy prices), cayenne peppers have been around the a-bit-above-or-below 1s range since Thursday evening. There was a spike in buying and selling prices mid-week, but before that they were even lower than they are now.
So basically, you caught that item during an unusually large bid-ask spread, and are now claiming that the return of this spread back down to normal levels is a “destroyed” market.
Low level stuff doesn’t get bought by newbies looking to equip themselves, it gets bought by people who want to salvage it for materials. Because low-level materials are still pretty expensive, so are the items that can be salvaged into them.
Yeah, they still haven’t cleared out old unfulfillable orders, but as far as I’ve noticed new orders can no longer be placed at sub-vendor prices.
Linen? In 11-15? I don’t believe you.
The point is that, regardless of which end the burden is on, the seller will get 85% of the money the buyer paid. Whether that’s because it takes it out of the seller’s account after the buyer pays it, or out of the buyer’s account before sending the rest to the seller, is irrelevant.
Listing fees (5%) are the thing that results in a real asymmetry, because that money is spent whether something sells or not, which means posting sell listings is riskier than posting buy orders. But the other 10% is only a “burden on the seller” in the sense that the seller is made more aware of it. It doesn’t actually change the amount of money going through the system.
The point that you seem to have missed in a lot of these discussions is that there are lots of people who’d be willing to spend more money if the stuff in the gem store were cheaper, so the speculation is that ANet is not actually anywhere close to where they’d make maximum revenue. If that’s the case, it’s in everyone’s best interest for them to lower those prices.
raxx.8914oh, yeh sure, he knows when to buy and sell em lol.
They have been on a steady decline for ages.
They are used in gift crafting and the interest is now low as the items suck.
Look at any of the graph sites and you will see there is no money in flipping these.
Look at the raw price data and it tells a different story. While the daily (and longer-term) average has been falling, there are shorter-term fluctuations that could still be used for a reliable profit, if you’re good at predicting them.
If the lowest listing is 2s but the highest offer is less than 1s50c, it’s entirely possible the person thinks 2s is overpriced. (Also, how can you know the item “is selling” for 2s? All you see is that someone wants 2s for it, which isn’t the same thing.)
How is it not a tool for everyone’s use? Anyone anywhere in the world wants to buy or sell something on the TP, they can. That’s pretty much by definition a tool for everyone’s use.
Or did you mean it should be a tool that everyone can make a profit on?
Right at the top of the graph, there are different options you can check off, including raw buy/sell data.
It’s my understanding that gw2spidy is kosher because ANet specifically gave permission for it. Which means other people doing the same thing wouldn’t necessarily be equally kosher if they haven’t gotten the same permission.
World First Legendary Eternity Updated with recipe and video
in Crafting
Posted by: Hippocampus.8470
That’s all well and good and has nothing whatsoever to do with the fact that you accused him of capitalizing on an exploit.
Which all too frequently seems to be the first response from some people whenever other people have been luckier or more successful than them in this game.
World First Legendary Eternity Updated with recipe and video
in Crafting
Posted by: Hippocampus.8470
I notice you also have a full set of T3 cultural armor. Probably one of those guys who capitalized on the mystic forge bug where Godskull greatswords were making precursors. He probably still has thousands of gold after making this double legendary.
Right… it couldn’t possibly have anything to do with having spent hundreds of hours playing the game. Guy’s more successful than you, so he must have cheated?
Troll harder.
Whether it will actually work or not is irrelevant. There have been a number of threads started here (and on reddit and elsewhere) extolling the profit-making virtues of some item or other, and many of them are pretty transparent attempts to increase demand (and thus price) for that item.