Market prices

[soviergn]

I don't know what mongrel is tanking the markets but ffs have some basic sense. Don't undercut prices by DOZENS of credits idiots. You undercut by .01. Anything more than that and you're shooting yourself in the foot and everyone else.

[DivineEvil]

Um, sorry but its free market, and people can sell for whatever they want. If stuff doesn't sell, then it's completely reasonable to calculate the average price between the edge buy and sell orders. Fast and fair way to actually sell your stuff.

[soviergn]

Originally posted by DivineEvil:

Um, sorry but its free market, and people can sell for whatever they want. If stuff doesn't sell, then it's completely reasonable to calculate the average price between the edge buy and sell orders. Fast and fair way to actually sell your stuff.

K bud. That's literally not how market economy works when there's already price precedent set by cost of materials. But sure.

[DivineEvil]

Originally posted by soviergn:

Originally posted by DivineEvil:

Um, sorry but its free market, and people can sell for whatever they want. If stuff doesn't sell, then it's completely reasonable to calculate the average price between the edge buy and sell orders. Fast and fair way to actually sell your stuff.

K bud. That's literally not how market economy works when there's already price precedent set by cost of materials. But sure.

Market economy works by the sheer supply driving the price to converge on a specific individual point, where buy and sell orders do in fact differ by the factor of decimals, and changes in trading trends and meta-analysis drives it up or down. In Crossout very few trading items reach that point, and everything that lies in the margin between buy and sell orders is fair game.

[soviergn]

Originally posted by DivineEvil:

Originally posted by soviergn:

K bud. That's literally not how market economy works when there's already price precedent set by cost of materials. But sure.

Market economy works by the sheer supply driving the price to converge on a specific individual point, where buy and sell orders do in fact differ by the factor of decimals, and changes in trading trends and meta-analysis drives it up or down. In Crossout very few trading items reach that point, and everything that lies in the margin between buy and sell orders is fair game.

Then stand by the principal if getting the sale is the only thing that matters, I fully expect you would only sell at cost then. Make your .01 and head on out. The market exists to drive credit exchange and making a profit by crafting items people need. Undercutting prices to the point where instead of making 15 or 20 credits to making nothing or LESS after the market tax is insanely stupid and the fact that you defend this means you likely do it. You are the problem.

And to be clear, you aren't saving yourself time or money by undercutting by massive amounts. The quick buy that you are relying on by making a sale order isn't for the scrutinizing buyer who goes through and tries to get the best price. It's the person who just wants it bought. Undercutting by massive margins literally only hurts you when that person hits the "Buy" button while looking in the exhibition or faction menus.

[DivineEvil]

Originally posted by soviergn:

Then stand by the principal if getting the sale is the only thing that matters, I fully expect you would only sell at cost then. Make your .01 and head on out. The market exists to drive credit exchange and making a profit by crafting items people need. Undercutting prices to the point where instead of making 15 or 20 credits to making nothing or LESS after the market tax is insanely stupid and the fact that you defend this means you likely do it. You are the problem.

The market is just a tool, and how people would use it is up to them.

I do not craft for profit. I usually do the opposite - I calculate the average price to quickly buy stuff I need, so that I won't need to wait until someone would desperately need to sell it. For anyone finding out my order its an opportunity for a good sell that should be taken now.

Originally posted by soviergn:

And to be clear, you aren't saving yourself time or money by undercutting by massive amounts. The quick buy that you are relying on by making a sale order isn't for the scrutinizing buyer who goes through and tries to get the best price. It's the person who just wants it bought. Undercutting by massive margins literally only hurts you when that person hits the "Buy" button while looking in the exhibition or faction menus.

Sure, but someone who undercuts by a great amount doesn't care about profits - he cares about coins he gets. That's perfectly fine and has little effect on the margin in the grand scheme of things.

[<#0ef>Step]

Originally posted by soviergn:

I don't know what mongrel is tanking the markets but ffs have some basic sense. Don't undercut prices by DOZENS of credits idiots. You undercut by .01. Anything more than that and you're shooting yourself in the foot and everyone else.

Thank you for your proposal, but I must decline it.
Sincerely yours,
Undercutting by tens of coins dude.

[Maeddys]

@soviergn
Your statement about a market has cost many of us lifetime and is completely wrong.
Market = A meeting of OFFER and DEMAND,
there are some players, of course someone wants to sell faster and undercuts you by 0.01, in fact there is no fixed price for anything, only conversions are possible because the resources are generated during the game .

-> We come back to OFFER and DEMAND

Misunderstanding of a market like this and resentment of people who have a little more coins than you drove you to completely wrong assumptions. The fee is there to make it very difficult for professional traders, workbench fee that's where Gajin siphons off money... (With such a system, fees have to be abolished. Inflation over the years would otherwise drive prices very high)

[soviergn]

Originally posted by Maeddys:

@soviergn
Your statement about a market has cost many of us lifetime and is completely wrong.
Market = A meeting of OFFER and DEMAND,
there are some players, of course someone wants to sell faster and undercuts you by 0.01, in fact there is no fixed price for anything, only conversions are possible because the resources are generated during the game .

-> We come back to OFFER and DEMAND

Misunderstanding of a market like this and resentment of people who have a little more coins than you drove you to completely wrong assumptions. The fee is there to make it very difficult for professional traders, workbench fee that's where Gajin siphons off money... (With such a system, fees have to be abolished. Inflation over the years would otherwise drive prices very high)

Which is exactly why undercutting hurts everyone. but sure I'm the one misunderstanding.

[NoSignal-K]

If you need coins fast, undercutting by 0.1 mostly doesnt do the trick. Within minutes there will be someone else undercutting you by 0.1 and so on.
So its logical to undercut by 1, 5, 10 or even more to stop these annoying 0.1 cuts. Especialy if you have more then 1 item to sell. It's just annoying to check every item after every match...

[Brother Daedeus]

Originally posted by NoSignal-K:

If you need coins fast, undercutting by 0.1 mostly doesnt do the trick. Within minutes there will be someone else undercutting you by 0.1 and so on.
So its logical to undercut by 1, 5, 10 or even more to stop these annoying 0.1 cuts. Especialy if you have more then 1 item to sell. It's just annoying to check every item after every match...

This right here, never underestimate what someone will do for 'convenience', even if it is in the slightest amount. You can holler and preach about what is correct or what is wrong, but if it's a convenience for someone to ♥♥♥♥ someone else over, they will do it 10 times outta 10.
Mongrels they may be, but this is how things are.

[xCrossFaith]

Why? If I can buy something for 20 coins less of its "general" cost and sell it for 30 more, you can be sure I'll do it

[wyrtensi]

bump. just overpriced you by .01

[MeatShake]

Originally posted by DivineEvil:

Originally posted by soviergn:

Then stand by the principal if getting the sale is the only thing that matters, I fully expect you would only sell at cost then. Make your .01 and head on out. The market exists to drive credit exchange and making a profit by crafting items people need. Undercutting prices to the point where instead of making 15 or 20 credits to making nothing or LESS after the market tax is insanely stupid and the fact that you defend this means you likely do it. You are the problem.

The market is just a tool, and how people would use it is up to them.

I do not craft for profit. I usually do the opposite - I calculate the average price to quickly buy stuff I need, so that I won't need to wait until someone would desperately need to sell it. For anyone finding out my order its an opportunity for a good sell that should be taken now.

Originally posted by soviergn:

And to be clear, you aren't saving yourself time or money by undercutting by massive amounts. The quick buy that you are relying on by making a sale order isn't for the scrutinizing buyer who goes through and tries to get the best price. It's the person who just wants it bought. Undercutting by massive margins literally only hurts you when that person hits the "Buy" button while looking in the exhibition or faction menus.

Sure, but someone who undercuts by a great amount doesn't care about profits - he cares about coins he gets. That's perfectly fine and has little effect on the margin in the grand scheme of things.

As someone who's been doing this for years: no.

When you undercut by huge margins the market responds fast and usually they'll establish that huge cut as the new price. Buyers don't want to give up that discounted new value so they hold out, buyers panic and try to adjust so they don't get left out.

Anyone with half a brain undercuts by pennies. If they had any real sense they'd all work together and push the price up and strangle the pathetic herd of buyers. If I ever see the chance and stocks are low and cheap I'll literally buy every last one and sell them for a huge profit because they're so dumb.

[DivineEvil]

Originally posted by MeatShake:

As someone who's been doing this for years: no.

When you undercut by huge margins the market responds fast and usually they'll establish that huge cut as the new price. Buyers don't want to give up that discounted new value so they hold out, buyers panic and try to adjust so they don't get left out.

I've played for a while and never seen that happen. Prices change due to changes in demand or supply - they don't change because someone just decided to increase the price by several coins at a time. People are not that stupid.

Originally posted by MeatShake:

Anyone with half a brain undercuts by pennies. If they had any real sense they'd all work together and push the price up and strangle the pathetic herd of buyers. If I ever see the chance and stocks are low and cheap I'll literally buy every last one and sell them for a huge profit because they're so dumb.

Buyers and sellers are two completely different parties, and neither of them can dictate the price. Price is decided by the consensus of people who agree to sell and buy something for a giiven price at the same time. That's it. Nobody can just decide to "push" the price up - the opposite party would just stop cooperating in this case, and no trading can be done.