If SE is taking away my hard work...

[Wynn]

Yes, but those things already have a set price. People just exploit others for the sake of profit. An iPad is not worth $1500 ever, but some stupid Mac lover will pay that price because they GOTTA HAVE IT, when they could just wait 2 months and find them everywhere. Nobody is happy to pay more than twice what an item is worth...they just do it because they're stupid and want it sooner than later.

Right.... That is exactly my point...

So, let the stupid people lose their money. Smart players will know better.

Smart players would exploit these people.

You're right. And it will happen.

But the great thing about that situation is that those people that are willing to pay those outrageous prices will suddenly find they hemorrhaged money much faster than they were able to take back in because redenomination smacked them right upside the head. And they won't realize this until they are broke or close to it which will happen very quickly.

Once those people have no more money to pay outrageous asking prices, guess what happens to those prices? That's right. They inevitably fall since the seller can no longer get what they were originally asking. It is a win/win. Market stabilizes to reasonable prices and idiots with money are parted from it.

[Rizon]

You're right. And it will happen.

But the great thing about that situation is that those people that are willing to pay those outrageous prices will suddenly find they hemorrhaged money much faster than they were able to take back in because redenomination smacked them right upside the head. And they won't realize this until they are broke or close to it which will happen very quickly.

Once those people have no more money to pay outrageous asking prices, guess what happens to those prices? That's right. They inevitably fall since the seller can no longer get what they were originally asking. It is a win/win. Market stabilizes to reasonable prices and idiots with money are parted from it.

you will be correct for about 4-6 months after launch. After that point, if the game is successful, then you will begin to see to an upswing in prices as a result of the large influx of currency into the economy. At that point the people who spent all their time collecting Gil will begin to control the Wards and will drive prices higher.

[Wynn]

you will be correct for about 4-6 months after launch. After that point, if the game is successful, then you will begin to see to an upswing in prices as a result of the large influx of currency into the economy. At that point the people who spent all their time collecting Gil will begin to control the Wards and will drive prices higher.

I think you are right, to a certain point.

But the fact is, you can't get blood from a turnip. You can ask for a certain price all you want, but if it is too high and there are lower priced alternatives you will be hard pressed to make that sale without some kind of compromise. The median will be found no matter how many people are resistant to that process unless it is everyone, and that is highly unlikely. In fact, I guess you could argue that if everyone were resistant to prices going down that would mean things are already correctly priced.

Another point is that there will always be people who are willing to undercut prices in order to make a sale if the item is worth selling and lowering the price does not put the seller in the red. As inflated as our economy is even now you see the evidence of that everywhere you look on the ward search.

A good example is the relics. What happened when Atomos was spitting out gil like a pez dispenser? Prices quickly bloated. Especially for the relic starters. Seeing one of those weapons for 30mil was suddenly normal. And, yes, for a little while people were actually paying those prices because they had it... from farming Atomos.

Last week, double melded astrolabes on my server were selling for 16mil which was down from what it was just after the Atomos inflation. They actually got upwards toward 25mil at the height. This week, they are 10mil. In one week they dropped 6 million gil. And I expect they will drop even further before the game shuts down.

Why? Well for starters, I think they aren't actually worth 16 mil and I think most would agree. But also because those people who were willing to drop that kind of cash on these items are broke again. They've lost their purchasing power. And the sellers are being forced to reduce their asking prices to move their product. Otherwise it just rots there. And people are undercutting them, driving the prices even lower.

We will see similar things happen after the game's reboot at the start and well on into the game's life. That's just how it works in these games. It shouldn't really be new to anyone who is an MMO vet.