Two questions:
First- Is it against the rules to control market prices? From what I saw on my server, RMTs basically bought up all the shards on the market, set a price & threshold that was 3-20 times the original price.
Second- What is the risk of buying large amount of shards? I can't tell if it's a RMT, but 9k shards seems to be too fishy to not be a RMT (20 hrs worth of mining). Advice?
Controlling the Market
Printable View
-
10-04-2013, 06:25 AMMoominControlling the Market
-
10-04-2013, 06:27 AMCrica
no one can control the market since as soon as something is listed for a lower price then whats already on the market IT SELLS...
unless the item NEVER SELLS to begin with... -
10-04-2013, 06:28 AMiRanOverYourMom
Look at the retainers name when they sell the crystals. If they mostly consist of random letters, and are the lowest prices...chances are they are RMT sellers. So just buy crystals from retainers with more subtle names, and seem like they're sold from real players.
-
10-04-2013, 06:30 AMPoyayan
Most of the time, RMT undercut prices.
I am not saying RMT is the "only" one undercut prices. I am saying RMT , most likely, don't try to corner market by buying up shards.Quote:
Originally Posted by Crica
-
10-04-2013, 06:32 AMCricaim not RMT and i sell for lower ALL THE TIMEQuote:
Originally Posted by Poyayan
-
10-04-2013, 06:48 AMMoominSorry I should have clarified- they were RMTs unless lvl 1 characters usually have 60k+ worth of gold and are able to buy 500 shards / 200 crystals at once without even getting to lvl 20 for retainer.Quote:
Originally Posted by Poyayan
I looked at the history of shards sold when this was happening because the prices were jumping from 7 gil to 60, sometimes 200 and I realized it was lvl 1 characters buying the low priced shards.
So yes, they are controlling the market.
EDIT: Emphasis on multiple lvl 1 characters doing this. -
10-04-2013, 06:50 AMCricaagain, no one can control the marketQuote:
Originally Posted by Moomin
if your stuff is selling, the market is not being controled -
10-04-2013, 06:52 AMComicbookguy
Then go gather some shards and sell it at a high price so they can "control" the market. LOL.
We have so many Botters that it's not worth gathering since the Botters price everything so low, it's better to just buy than level up gathering -
10-04-2013, 06:55 AMZezlar
It's not against the rules. People like to undercut like CRAZY, so I sometimes buy their products and relist. I made about 500k profit in a day buying and reselling Materia because people wanted Gil much faster.
-
10-04-2013, 06:58 AMComicbookguyQuote:
Originally Posted by Zezlar
Yea, I made over 200k just buying Fleece. I can't move fast enough to get fleece against the fast botters, so now I buy fleece when the price is low and sell it when their accounts are banned at a higher price -
10-04-2013, 07:00 AMMoominYeah I'm not complaining. I'm asking if I can do stuff like the above. Basically there's a crap ton of shards being sold on the AH at low prices, I have enough money to invest in it and sell at higher prices. Just worried about the account being a RMT and me getting banned for buying 200K worth of shards in one go.Quote:
Originally Posted by Comicbookguy
-
10-04-2013, 07:02 AMMedura
if you sell a LOT, and always are the main seller, then youre controlling the market. Buying all items and setting your own price is more of a highrisk trade, as prices will restabilize after a few hours.
-
10-04-2013, 07:03 AMComicbookguyMaybe everyone is undercutting each other? I know when I had 500 fleece, I was undercut to 250 gil. So I sold it at 248 gil because I was afraid the Fleece market collapsed. Someone bought me out and now Fleece goes for 600 gil. Sometime you win, sometime you lose when you speculate in the Fleece Market.Quote:
Originally Posted by Moomin
-
10-04-2013, 07:03 AMMikedizzy
That is called a "FREE ENTERPRISE SYSTEM". The market it open to all and if someone tries to corner the market like that someone will always come up behind them like me and undercut the hell out of them and they will not sell their crap unless there is no one else selling it and people are desperate. This will only help them short term if players are not patient.
-
10-04-2013, 07:05 AMMoomin
Ok well I think I got one half of my question answered, but you think SE will ban me if I buy something on AH for 200k and its from RMT? Wish they clarified this.
-
10-04-2013, 07:09 AMJPPILIPI wouldn't worry too much about it just be mindful not to buy fleece from someone who is selling 20 stacks of 99 at a time chances are they come from Botts and the money is for RMTsQuote:
Originally Posted by Moomin
-
10-04-2013, 07:10 AMMikedizzyYeah...I would just do like the OP said...look at the name of the seller and if it looks "funny" then I would not chance it...RMT's always have some funky name with some funky spelling of it...(looking at my blacklist right now) LOLQuote:
Originally Posted by Moomin
If you make an honest mistake they should not bother you though because we really shouldn't have to do a background check to by something off the AH...just common sense. -
10-04-2013, 07:15 AMMoomin
Damn....the opportunity is so juicy though. 9k worth of shards for -20 gil of the usual market price, -40 if they are in demand....so much profit for such little effort, but guess it's not worth the banhammer.
-
10-04-2013, 07:48 AMEd_N_AntsIf you are buying something off the market and not doing anything illegal like botting or selling gil they are not going to do anything to you... There is no concern on who is selling the product as long as you are legit and can prove your gil... They are banning accounts that are getting high gil transfers and no proof of funds... They are not watching the market and hitting normal people trying to get a deal at the AHQuote:
Originally Posted by Moomin
-
10-04-2013, 07:58 AMMoominHope you're right because I decided to place my bet in this stack of 9k shards being from a real person.Quote:
Originally Posted by Ed_N_Ants
-
10-04-2013, 08:02 AMnekochenI get about 400-500 shards every 30 minutes on my Botanist, it really depends on the node giving out +1 attempt or +1 yield while using the proper Ward skill.Quote:
Originally Posted by Moomin
9000 shards seems to be about 9-10 hours of harvesting on and off, so it *can* be done in a day if the person is really bored. -
10-04-2013, 08:05 AMMoomin
hope so o.o, ty for the info tho too!
-
10-04-2013, 08:37 AMRoaran
People who play the market can't hurt anyone....
In fact, they are actually doing something that would be considered a service if they are successful. And if they are not successful, they fail miserably and lose their gil.
You only need to take 2 possible scenarios in mind. First, that a small number of items are for sale at lower than what the market would value it at. The individual who purchases and resells at a higher price, if the supplies are not quickly replenished at a lower price, then that individual has done a service. Without their action, those items would have sold for less and for less valuable purposes. It would have been first come first serve, and anyone who was willing to pay more would not have the opportunity to purchase.
When the individual is successful, they are merely ensuring that the items are going to those who value the item the most and are going towards the most valuable purposes. Their knowledge of the value of the items itself allows them to help others in this way, while those who list at erroneous prices lose only due to their ignorance.
Now the converse, if they are unsuccessful, noone is harmed and the individual making the purchases loses greatly. -
10-04-2013, 09:57 AMReiia
If you can put the price higher and it still sells at that higher price without problem, then the previous value was way undervalued and you corrected it.
-
10-04-2013, 10:01 AMComicbookguyYea, I get about 1000 shards a hour easily, so if some sicko wanted to get 9000 shards a day, that's not hard. I know some people that have done it. Sick people I tell you, but they done it.Quote:
Originally Posted by nekochen
-
10-04-2013, 10:13 AMConradusFirst - Wow, I wish somebody would do that on my server. Time for people on Famfrit to start gathering shards for the incredibly generous RMTs.Quote:
Originally Posted by Moomin
Second - The risk is that people will flood the market with more shards than you can buy--which they will, eventually, if you do it too aggressively. And then the shard price crashes and you're left with an inventory worth a lot less than you paid for it. -
10-04-2013, 05:42 PMWazabi
No one will ever be sure of the market price of the items they are trying to sell as it fluctuates. If you choose to sell your shards at 20, that's because you don't think that it will sell if you put it at 40 (or that it will not sell fast enough, thus tying down your capital). I on the other hand believes that I can sell it at 40, so I'll buy yours, paying you up front, and took over the risk that you refuse to take. If I manage to sell it at 40, then the risk that I've taken paid off, and I'm rewarded. Else, I stand to lose some of the investments that I've made, or have my capital tied up in stock which I can't use it to invest in other goods. Just like in the real world, you get rewarded for taking risk. Succesful trader are just better at managing that risk than others through intepretation of various market signals and information.
I won't go as far as saying that you can't control the market...but you won't be able to control the market indefinately. The length of time you are able to hold on to the control is a function of your capital...and if that's finite, then your control duration is finite as well.