Big reason your not seeing much currancy or over priced is the big sponor shell are dead, or no longer having to farm the zones that drop all coins to keep the grunts happy. People that are jacking the coin price up are the one's that don't see moving any just getting more, but im not complaining I shout offering them 2 to 3k less then the bazzar's they go with in mins. Even just selling them for 10k a piece it only takes 5 coins to make back the cost of the KI, fig maybe at most 20k a run in food and RR items if that after the first 2 coins its all profit.
I tend to buy coins from people underselling market value and resell them overnight at a profit. If you and 9 other people sell me 20 coins each for 3k below market price, I wake up the next morning 600k richer. Just because you've sold them for cheap doesn't mean you've affected the market price, it only means you've created a niche for people like me to make money.
Anyway, pre-patch people realized that supply for coins was so low that they weren't trying to do Relic weapons because collecting 17000 of the suckers was an exercise in futility. Now supply of coins is up, but demand is way up. People are done with Abyssea and we're starting to see the effects of Abyssea inflation on our currency markets, because a lot more people look at their gil line and go "70 mil? That's probably enough to start a relic! Why not? Gil is good for nothing else!"
Heck, I almost did it myself. Then I stopped myself, because I'll be damned if I feel like duoing Dynamis for a few months!
Thing is you only 60,000 richer then me while I have my inv back with out having to leave my PC on. Nither way is wrong I value not leaving my PC on over nite, you don't. Some of it could also be a bit of a hold over from another point in my life not wanting to get stuck holding the bag.
That's honestly a douchey thing to do.I tend to buy coins from people underselling market value and resell them overnight at a profit.
It's also silly, bazarring all night just to earn a few extra K. You could sell anything for the gain you'd be getting....
Its been around for awhile rog used to do it with people trying to move currancy to fund the next run. I don't seeing anything wrong with it. I know most of the time if they will turn around and resell it or not. Still wouldn't want to risk buying it to resell if the market adjust before you can move it. As time goes on and more people will find out what works best.If you can duo 100 to 200 coins a day why bother buying either you'll waste crour or spend time in gimpy exp parties to make more gil to buy might as well cut the middle man and go to the source.
I used to do that all the time on LS bank mule. Made tons of gil from it. But you'd be hard pressed to find 10 people selling 20 coins for 3k under normal price.
it keeps prices higher when they should be going down.I don't seeing anything wrong with it.
Honestly, there is no reason whatsoever for prices to stay the same or go up. The demand for relics isn't significantly higher, and the cost associated with dynamis has been virtually eliminated.
Last edited by Alhanelem; 06-20-2011 at 04:59 PM.
It's easy gil for me and takes very little time. I used to do it on anything that I thought I could get a 10% return on (Gaiters and Novios were fantastic), but now I only do it on really good deals because I don't care about gil anymore. It brought me from 0 gil and having to borrow a stack of shihei and a dark staff when I returned to the game to 23mil in 3 months two years ago about this time, which I gave to a friend so he could finish his G-horn. Then I quit, went to Europe for a month, came back, and did it again!
It's not douche-y to know the real price for things. People pay a convenience fee. They dump their currency/items quickly, I take on the risk. One time I bought 20mil worth of bynes and tried to feed the market them slowly (a few stacks per night). Ended up only getting 19mil back (which was a horrible return compared to what I'd expected). One other time I accumulated about 2000 Alexandrite and it didn't look like they'd ever sell, but someone swooped in when I was just about to lower the price and bought them all. It's not a risk free venture, although it's very profitable for me on average.
Plus, I'm hardly alone on this. Why do you think there were always the same people with currency every night in Rolanmart? They had multiple accounts and were doing Dynamis 7 nights a week? People that used Rolanmart were paying higher prices on average to have us aggregate the currency for them. If you ask people with deep pockets that are doing a relic, they'll tell you one of the biggest pains is just finding the currency to buy.
Provide a service on both ends, take a risk, get a profit.
PS. Remember currency prices dropping when SE halved glass fees? Yeah, neither do I.
Byrth you should have done a relic with all that cheap currency. You're still making profit whether you sell it or turn it into a weapon!
I don't understand why hourglass was a hindrance to lowman pre-update, you made that 500k back quickly.
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