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  1. 08-14-2015 01:39 AM

  2. #2
    Player
    Xerius's Avatar
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    Aug 2012
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    Ul'dah
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    191
    Character
    Xerius Falconbridge
    World
    Exodus
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    Arcanist Lv 60
    Quote Originally Posted by Bovinity View Post
    Nothing is "free". Not even farming.

    Opportunity cost is rule #1 to learn when looking to make currency in a market.
    I'll rephrase it because the point went completely over your head and now you're trying to be philosophical in some desperate attempt to maintain credibility. You can't price compete with someone effectively when their margins are much more flexible than yours.
    (17)

  3. #3
    Player
    Bovinity's Avatar
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    Jul 2015
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    Bovinity Divinity
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    Exodus
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    Dark Knight Lv 60
    Quote Originally Posted by Xerius View Post
    I'll rephrase it because the point went completely over your head and now you're trying to be philosophical in some desperate attempt to maintain credibility. You can't price compete with someone effectively when their margins are much more flexible than yours.
    It's not philosophical, it's economics. Of course, most people will never grasp the concept of Opportunity Cost because they really want to believe statements like, "Blacksmithing is so profitable for me because I have Mining and get all my mats for free!".

    That or they simply place no value whatsoever on their time. Not sure which is worse.
    (0)

  4. #4
    Player
    Xerius's Avatar
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    Ul'dah
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    Xerius Falconbridge
    World
    Exodus
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    Arcanist Lv 60
    Quote Originally Posted by Bovinity View Post
    It's not philosophical, it's economics. Of course, most people will never grasp the concept of Opportunity Cost...
    Opportunity Cost isn't a difficult concept to comprehend. TL;DR If you can make more money doing something else, do something else. Which is what I do, I don't make money through crafting, I do it through other avenues. I simply enjoy crafting and when it's a hobby and not a primary source of income you want the lowest bottom line that you can. That being said gathering is so easy, it's almost always cheaper to gather your own mats than to buy them off of the MB.

    P.S. When I said you were being philosophical, what I meant was that this was going to turn in to a debate about how economics work instead of addressing the original point of how it's harder to compete when you have a higher bottom-line than the other guy.
    (2)

  5. #5
    Player
    Bovinity's Avatar
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    Jul 2015
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    Bovinity Divinity
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    Exodus
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    Dark Knight Lv 60
    Quote Originally Posted by Xerius View Post
    Opportunity Cost isn't a difficult concept to comprehend. TL;DR If you can make more money doing something else, do something else. Which is what I do, I don't make money through crafting, I do it through other avenues. I simply enjoy crafting and when it's a hobby and not a primary source of income you want the lowest bottom line that you can. That being said gathering is so easy, it's almost always cheaper to gather your own mats than to buy them off of the MB.

    P.S. When I said you were being philosophical, what I meant was that this was going to turn in to a debate about how economics work instead of addressing the original point of how it's harder to compete when you have a higher bottom-line than the other guy.
    Well fine, then lets go have a drink!
    (0)

  6. #6
    Player
    Xerius's Avatar
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    Aug 2012
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    Character
    Xerius Falconbridge
    World
    Exodus
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    Arcanist Lv 60
    Quote Originally Posted by Bovinity View Post
    Well fine, then lets go have a drink!
    Deal, I've been making frozen spirits all day and I see we're on the same server. :P
    (0)