Curse

high priestess anya · Nov 27, 2007, 05:47 PM // 17:47

Quote:

Originally Posted by Shakti

Here's the problem with this idea: even if you "rally" the sellers (and there would be no way to rally 'em all so ppl could always get em cheaper) ... there simply aren't buyers who will buy them at their "former glory". When a thing is new and rare, it is worth more than when it is older and very much farmed. This is simple economics. Supply/Demand. There is a much much higher supply now and much less demand as most that wanted them have gotten them. So...the price has dropped. Always happens, always will.

i study economics at degree level, not being big headed or trying to impose anything but i will say this..
if all economies where like this, all the more commonplace things in life would cease to exist. generic economies rely on prices to fluctuate (increase and decrease) not plummet.if you want to delve into economics i suggest you should look at boom/bust cycles once you have tasted supply & demand.
high school economics class dont teach you everything lmao
also raising prices and making stock rarer or even stabalising prices is essential to modern day day economics..i forget that children sometimes try and practice their lessons on online games and forum posts

high priestess anya · Nov 27, 2007, 05:52 PM // 17:52

it was a simple suggestion,didnt mean to turn it into a serious issue, i apologise lololol

super strokey · Nov 27, 2007, 06:31 PM // 18:31

cullusion FTL!

AlienFromBeyond · Nov 27, 2007, 06:34 PM // 18:34

Quote:

Originally Posted by high priestess anya

Asking all sellers of gemstones in DoA to collaborate and work on increasing the price to its prior glory..

atm it is currently cheaper to buy gemstones and make your own armbrace..
the activity of DoA has reduced significantly in the last month as it is seen as no longer farmable, with nothing to gain barring an armbrace.

people use the ursan skill as and excuse for price reductions but bare in mind it still takes many hours just to get a few gems and also many ursanways fail.

would like to hear other ppls opinions on the matter but my understanding is that DoA will become a thing of the past, which to most ppl, it already has

NOTE: This thread is aimed at buy/sell/farm from DoA

You honestly want people to try and collectively price gouge DoA? Are you really that thick?

A11Eur0 · Nov 27, 2007, 06:37 PM // 18:37

I was thinking about this earlier, and I like the price drops. When stuff is easy to get and there are builds out there for it...prices should drop. 100k+40 ectos is too much for an armbrace anymore. Ectos are harder to get and gemstones are easier. Put them together and you have a general price drop.

Armbraces should be 100k IMO...no more.

lizards · Nov 27, 2007, 06:55 PM // 18:55

glad i made my money when i did

high priestess anya · Nov 27, 2007, 06:58 PM // 18:58

Quote:

Originally Posted by AlienFromBeyond

You honestly want people to try and collectively price gouge DoA? Are you really that thick?

yes i was stupid, for thinking i could make stupid ppl do clever things for everyones benefit..
also why are you so rude lol
its obvious you lack intelligence as you have no regard for the topic, you aim to insult.Also gouge means to remove...or cut out...
you call me thick lmao

Nuj08 · Nov 27, 2007, 07:01 PM // 19:01

Why would gems and armbraces be any more expensive in light of the recent duping episode? I'm betting that there are more arms than green weapons in all of GW. I mean arms should be 10k each or pretty much worthless given how many are over flooding the market. Consider yourself lucky because their price right now is way too high in comparison to how many there are in the game. This is one aspect of the economy that has baffled me...

trobinson97 · Nov 27, 2007, 07:01 PM // 19:01

Quote:

Originally Posted by high priestess anya

yes i was stupid, for thinking i could make stupid ppl do clever things for everyones benefit..
also why are you so rude lol
its obvious you lack intelligence as you have no regard for the topic, you aim to insult.Also gouge means to remove...
you call me thick lmao

How does raising prices of gems benefit everyone?

viper11025 · Nov 27, 2007, 07:02 PM // 19:02

Everyone remember Sorrows furnace, the gree hot spott of proph? I figured since DoA was an achievement ppl would ursan the tar outa it. LOL.
I guess I'll pick me up something later there. Irealy dont like most of the skins the tormented weapons have, people want new stuff. Period.

Shakti · Nov 27, 2007, 07:15 PM // 19:15

Quote:

Originally Posted by high priestess anya

i study economics at degree level, not being big headed or trying to impose anything but i will say this..
if all economies where like this, all the more commonplace things in life would cease to exist. generic economies rely on prices to fluctuate (increase and decrease) not plummet.if you want to delve into economics i suggest you should look at boom/bust cycles once you have tasted supply & demand.
high school economics class dont teach you everything lmao
also raising prices and making stock rarer or even stabalising prices is essential to modern day day economics..i forget that children sometimes try and practice their lessons on online games and forum posts

I am a college graduate, not a high school student. Know who you're taking to before you try to play the intellectual superior, k? I wasn't getting into economic theory because in this case it is completely unnecessary. As I stated this is supply and demand. There are more gems/armbraces now in SUPPLY and there is less DEMAND for them so the prices have dropped. Your attempt to "rally" sellers into some kind of price jack will only result in you not selling any gems (and after this, a big laugh for those of us reading this crap)
Raising stock prices to stabilize a market etc has no bearing here. This is an online GAME and we're taking about gems used to get vanity weapons for which these is a FINITE demand.

Shakti · Nov 27, 2007, 07:18 PM // 19:18

Quote:

Originally Posted by high priestess anya

yes i was stupid, for thinking i could make stupid ppl do clever things for everyones benefit..
also why are you so rude lol
its obvious you lack intelligence as you have no regard for the topic, you aim to insult.Also gouge means to remove...or cut out...
you call me thick lmao

http://en.wikipedia.org/wiki/Price_gouge

Price gouging is a frequently pejorative reference to a seller's asking a price that is much higher than what is seen as 'fair' under the circumstances. In precise, legal usage, it is the name of a felony that applies in some of the United States only during civil emergencies. In less precise usage, it can refer either to prices obtained by practices inconsistent with a competitive free market, or to windfall profits. In colloquial usage, it means simply that the speaker thinks the price is too high. Non-pejorative uses are generally in reaction to what the writer believes is an unjustified restraint on the market.

The more you know

nbajammer · Nov 27, 2007, 07:19 PM // 19:19

Quote:

Originally Posted by trobinson97

How does raising prices of gems benefit everyone?

I saw this person in DoA recently, while on Euro servers, saying that they drove up gem prices there, and then on to American servers. Simply put, raising the price doesn't benefit anybody but the seller, and that's only if someone actually pays the higher price. So his/her goal is to drive up the price so they can benefit from the extra money. Will never work.

Edit: To clarify, person = High Priestess Anya

viper11025 · Nov 27, 2007, 07:20 PM // 19:20

Supply must equal demand. ><
Well maybe I can get me a tormented axe for 30k one day.
Lets look at it this way, ursan blessing is wonderful if used right and it helps people help other people. If we used it more often for achivements, sorrows furnace, mayllax, etc... then more people will enjoy the game. So until a title is made for achievements or the gw2 rewards are know for the achivements, I don't see Doa getting a pick me up soon.

super strokey · Nov 27, 2007, 07:25 PM // 19:25

wowo anya is sour lol, just face it. It wont work and never could work. Price fixing is stupid unless you can get control of everyone and you cant so why would you even bother trying to bring it up? Game economies have the virtue of being as close as possible to being guided by the invisible hand, As there is a unlimted amount of resources and a limited amout of buyers. SO things are awlays gonna drop and something new will awlays replace them (aka gwen).

Anya do you have gwen?

Aeon221 · Nov 27, 2007, 08:33 PM // 20:33

In a market for undifferentiated commodities (eg oil, ectos, torment gems) with large anonymous pools of buyers and sellers with low barriers to entry, price competition will invariably force economic profits (different from accounting profits) to zero.

Attempting to collude for higher prices in a situation of this sort is idiotic, as the lowest price will capture all the sales; just try pricing your gems higher than everyone else to see how little you will make.

If any of you ninnys are actually interested in economics, chew on this: http://en.wikipedia.org/wiki/Hotelling%27s_law

**cosyfiep** · Nov 27, 2007, 08:39 PM // 20:39

so when will the price of the primeval remnants drop so I can get some for my heroes???? (since I dont stand a chance of getting into doa and cant do it alone). I still have the demand for them.....so I dont think that DoA has been sucked dry, I think its more people moving on to other areas that are more fun and offer different challenges. (people STILL farm sf).

NoXiFy · Nov 27, 2007, 08:40 PM // 20:40

Hmmmmm, it's because Anet dont care about dupers. Gemset=20k (20*15)=300, 100k 43e [[email protected]/e] and all the dupers and people that have stacks sell for 100k=47 or so at least

super strokey · Nov 27, 2007, 08:41 PM // 20:41

Quote:

Originally Posted by cosyfiep

so when will the price of the primeval remnants drop so I can get some for my heroes???? (since I dont stand a chance of getting into doa and cant do it alone). I still have the demand for them.....so I dont think that DoA has been sucked dry, I think its more people moving on to other areas that are more fun and offer different challenges. (people STILL farm sf).

Yeah id love some too... how much are they now?

Schroedinger · Nov 27, 2007, 08:47 PM // 20:47

It's amusing. In the real world an invitation to seller collusion is illegal.

That's not a criticism (after all, there were no antitrust laws in medieval societies, and there's a gemstone trust currently active in the real world, antitrust laws be damned).

I don't much care, since I'm not an online merchant, I'm a necromancer in this game. I'm happy to see a thriving GW economy though! You sound just like a US-based steel manufacturer.