Controlling the Market

[nekochen]

9k shards seems to be too fishy to not be a RMT (20 hrs worth of mining).

I 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.
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.

[Moomin]

hope so o.o, ty for the info tho too!

[Roaran]

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.

[Reiia]

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.

[Comicbookguy]

I 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.
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.

Yea, 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.

[Conradus]

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?

First - Wow, I wish somebody would do that on my server. Time for people on Famfrit to start gathering shards for the incredibly generous RMTs.

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.

[Wazabi]

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.