cRPG

cRPG => General Discussion => Topic started by: Lt_Anders on June 14, 2012, 06:13:12 pm

Title: The great cprg market crash!
Post by: Lt_Anders on June 14, 2012, 06:13:12 pm
http://c-rpg.net/index.php?page=marketplacestatistic&view=heirloomprices

It seems that the average price of everything BUT rank 1s has completly bottomed out.
(click to show/hide)

3 days of no heirloom being sold for gold.
Title: Re: The great cprg market crash!
Post by: oprah_winfrey on June 14, 2012, 06:18:53 pm
gold sinks working as planned?
Title: Re: The great cprg market crash!
Post by: Nessaj on June 14, 2012, 06:21:25 pm
SELL ALL YOUR ASSETS AND HOARD YOUR GOLD.

Pro tip.

Those who do will be the future Super Wealthy of C-RPG.
Title: Re: The great cprg market crash!
Post by: CrazyCracka420 on June 14, 2012, 06:24:56 pm
See the spikes down to 0 for some of the items?  It's because no loom was sold on that day...it's not all doom and gloom, you have to look at the average over a few days. 

It looks like the prices have been slowly coming down, but hard to say when only 1 or 2 looms in a group (+1, +2 or +3) are sold on a given day. 
Title: Re: The great cprg market crash!
Post by: Peasant_Woman on June 14, 2012, 06:27:11 pm
Panic selling everything based on a 3-day break in market transactions is still a fairly risky move though. Maybe everyone already has most of what they want?
Title: Re: The great cprg market crash!
Post by: Nessaj on June 14, 2012, 06:33:29 pm
Well to be realistic for a second, prices still continue to drop and no doubt they'll continue to drop in the future.
It will probably also be made easier to level in the future, plus there's high level retirement bonuses coming in, all of that diminish the worth of current items and loom points (Which is good though).

If you sell off all your additional assets, e.g. that which you do not use and then hoard the gold, you will in the future be able to most likely triple your amount of assets.
Title: Re: The great cprg market crash!
Post by: peter_afca7 on June 14, 2012, 06:37:56 pm
nobody buys cause of tax,  prizes are high cause of tax REMOVE TAX !!!!!
Title: Re: The great cprg market crash!
Post by: Nessaj on June 14, 2012, 06:42:37 pm
Quote from: Kulin_ban on June 14, 2012, 06:33:47 pm
Real reason behind it are gold sinks.

Think about it, before gold had only one way to be used: for trading looms.

Now you can spend gold on loom points, lottery, title of nobility, exclusive banners, training, blacksmith services, other auctions...

Which makes the poor poorer and the rich richer (unless they're careless).

Don't spend your gold and wait for everyone to be dirt poor and you'll be able to snatch up all the auctions/trades at an extremely low cost.

There's always a chance of a 'government' intervention though, austerity measures and what not to artificially bork the market which would derail this plan :wink:

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Title: Re: The great cprg market crash!
Post by: Banok on June 14, 2012, 06:43:30 pm
blatently because of tax, I think its too high.
Title: Re: The great cprg market crash!
Post by: Mlekce on June 14, 2012, 06:44:54 pm
Maybie. But you are very stupid if you think that ppl will give their looms for lower price. Instead of selling for gold ppl will only trade items.
I would like more if there was some limitation to trading so ppl like baby wold couldn't buy danish or german greatsword for 1milion and sell it for 1300k or more almoust every day. He is getting very,very rich.
Or even better offers on market are danish greatsword for arablest and 50k,then same person post offer arablest for some other item + gold,but in the end he will post arablest for danish and 50k. Traders have so many looms that in the end you need to go and buy same item from them.
They control the market with big ammounts of items.
50k here,50-100k there,buy some item very cheap and woila you can be very rich. I see retarded offers like +3arabian warhorse for +3 destrier or nordic champ for scimitar accepted all the time in market.
Title: Re: The great cprg market crash!
Post by: Penitent on June 14, 2012, 06:46:09 pm
We should be trying to make the market More active, not less active.

Taxes have made it less active.
Title: Re: The great cprg market crash!
Post by: GuiKa on June 14, 2012, 06:53:57 pm
Quote from: Garison on June 14, 2012, 06:46:09 pm
We should be trying to make the market More active, not less active.

Taxes have made it less active.

5% Taxe ruined everything =(

The maket need a taxe, but not 5% ....
Title: Re: The great cprg market crash!
Post by: dodnet on June 14, 2012, 06:58:46 pm
The tax is bad as you don't see how much you have to pay for real. I bought a +2 a few days ago and was surprised to pay the tax. It's written nowhere that you have to pay tax  :cry:
Title: Re: The great cprg market crash!
Post by: agweber on June 14, 2012, 07:01:00 pm
To be honest, this game has no gold sinks other than the tax. And every single player playing is being given gold at regular intervals. Of course the market is going to crash.

Edit:: typo
Title: Re: The great cprg market crash!
Post by: Penitent on June 14, 2012, 07:04:20 pm
Price and inflation don't matter as long as there is market activity. 
If there is no profit to be gained, there will be less activity and things will stagnate. 

Because of this, players that aren't interested in making a profit are having a hard time as well.  It's getting harder and harder to trade an item and try new looms.
Title: Re: The great cprg market crash!
Post by: Leshma on June 14, 2012, 07:04:30 pm
Seems to me that these +3 items sold for 600k gold are actually sold for 600k gold + 1 heirloom point.
Title: Re: The great cprg market crash!
Post by: Olwen on June 14, 2012, 07:05:57 pm
it's because all the greeks'internet was cut off and their accounts deleted because they can't afford to have internet anymore
Title: Re: The great cprg market crash!
Post by: dodnet on June 14, 2012, 07:06:44 pm
Quote from: Leshma on June 14, 2012, 07:04:30 pm
Seems to me that these +3 items sold for 600k gold are actually sold for 600k gold + 1 heirloom point.

Yeah, I think this might be an issue. I also saw a few +3 items on auctions the last days and believe they went for less money then normal trades.
Title: Re: The great cprg market crash!
Post by: Dexxtaa on June 14, 2012, 07:10:51 pm
Bear in mind that a fair number of trades nowadays are up with an accompanying requirement of an heirloom point.

I doubt that graph is taking into account the price of the heirloom points, given the liquidity of that asset.
Title: Re: The great cprg market crash!
Post by: Werfried on June 14, 2012, 07:14:28 pm
Quote from: dodnet on June 14, 2012, 06:58:46 pm
The tax is bad as you don't see how much you have to pay for real. I bought a +2 a few days ago and was surprised to pay the tax. It's written nowhere that you have to pay tax  :cry:

Not for me.
The items i bought on the market did exactly cost the price which was labelled. No additional taxes.
Title: Re: The great cprg market crash!
Post by: dodnet on June 14, 2012, 07:19:32 pm
Quote from: Werfried on June 14, 2012, 07:14:28 pm
Not for me.
The items i bought on the market did exactly cost the price which was labelled. No additional taxes.

Oh wait: In the market message in my archive it is written "The 5% fee of 44900 gold was paid by you.". Seems like I misunderstood that. The transaction is a bit confusing. I thought by "you" it meant me.
Title: Re: The great cprg market crash!
Post by: CrazyCracka420 on June 14, 2012, 07:20:45 pm
Quote from: Werfried on June 14, 2012, 07:14:28 pm
Not for me.
The items i bought on the market did exactly cost the price which was labelled. No additional taxes.

It comes out of the sellers cut. So if you buy an item for 100k, the seller only receives 95,000 gold.
Title: Re: The great cprg market crash!
Post by: Turboflex on June 14, 2012, 07:40:48 pm
Quote from: Garison on June 14, 2012, 06:46:09 pm
We should be trying to make the market More active, not less active.

Taxes have made it less active.

This, nobody is trading looms for gold anymore, the market is a mess and only semi-functional. Just to punish a few arbitragers all volume has been obliterated.

So what if people were making money buying low and selling a bit higher?? this is just abritraging, and maybe they make money but they are important to increasing volume and and just moving prices to equilibrium. There's a reason real world markets are fine with these sort of operators.
Title: Re: The great cprg market crash!
Post by: Dexxtaa on June 14, 2012, 07:48:47 pm
Quote from: Dexxtaa on June 14, 2012, 07:10:51 pm
Bear in mind that a fair number of trades nowadays are up with an accompanying requirement of an heirloom point.

I doubt that graph is taking into account the price of the heirloom points, given the liquidity of that asset.
Title: Re: The great cprg market crash!
Post by: Huey Newton on June 14, 2012, 07:53:16 pm
Quote from: Lt_Anders on June 14, 2012, 06:13:12 pm

3 days of no heirloom being sold for gold.

Must be bugged
I bought an heirloom point last night.

But ok
Title: Re: The great cprg market crash!
Post by: Turboflex on June 14, 2012, 08:13:00 pm
http://c-rpg.net/?page=marketplacestatistic&view=heirloomprices

Check rank 2 and especially rank 3 prices.. There's been just one rank3 sale in past 11 days.
Title: Re: The great cprg market crash!
Post by: Mlekce on June 14, 2012, 08:18:07 pm
selling doesn't pay off. Admins take you min 80k gold,and with selling +3 item you can only buy 2 loompoints. So it is total bullshit to sell ur stuff.
Title: Re: The great cprg market crash!
Post by: Turboflex on June 14, 2012, 08:26:00 pm
Quote from: Mlekce on June 14, 2012, 08:18:07 pm
selling doesn't pay off. Admins take you min 80k gold,and with selling +3 item you can only buy 2 loompoints. So it is total bullshit to sell ur stuff.

Yep, you can no longer sell your +3, then hold gold until something you like comes along. Say goodbye to 150k-200k just to do that innocent activity and trying to trade efficiently by taking advantage of a currency and liquid market.

Now the market is completely obscured, and we are back to pre-currency economic age of spamming forums and messages, putting up 10 offers for an item every week to try and arrange barter trades.
Title: Re: The great cprg market crash!
Post by: Aleskander on June 14, 2012, 08:28:42 pm
Protip-don't loom unless you are ranged
Title: Re: The great cprg market crash!
Post by: Kafein on June 14, 2012, 08:34:34 pm
QUICK, BLAME THE MARKET TAX

(even though being forced to barter if you want every penny of your trades is bad, so is inflation)
Title: Re: The great cprg market crash!
Post by: Penitent on June 14, 2012, 08:38:30 pm
Inflation isn't bad because it affects everyone equally.  Even if you have a shitty item it will go up in value.  Even if you have no looms, your next loom point will sell for more.

Tax is bad because it only affects people who sell.  Also, it hurt people who are poor more than people who are rich.
Title: Re: The great cprg market crash!
Post by: Zlisch_The_Butcher on June 14, 2012, 08:51:46 pm
.
Title: Re: The great cprg market crash!
Post by: Turboflex on June 14, 2012, 08:55:23 pm
Quote from: Garison on June 14, 2012, 08:38:30 pm
Tax is bad because it only affects people who sell.  Also, it hurt people who are poor more than people who are rich.

Also wiping out the formerly liquid item to currency market and reducing it to complicated bartering doesn't help poor/newbies much either
Title: Re: The great cprg market crash!
Post by: MrShine on June 14, 2012, 09:23:57 pm
Quote from: Dexxtaa on June 14, 2012, 07:10:51 pm
Bear in mind that a fair number of trades nowadays are up with an accompanying requirement of an heirloom point.

I doubt that graph is taking into account the price of the heirloom points, given the liquidity of that asset.

The graph is the sale of heirlooms for gold only (so it claims) so really heirloom -> gold & loom point shouldn't be reflected in the graph.

I'm just happy I have pretty much everything I could ever want, now I'm just trying to liquidate things I don't need into gold & loom points and sit on a pile of it until things even out. 

Newbies just got fucked.
Title: Re: The great cprg market crash!
Post by: oprah_winfrey on June 14, 2012, 09:26:28 pm
I think its more of the fact that enough people don't play this game. People looking to sell don't wan't to get screwed so they have their prices too high and most people looking to buy want a good deal. Because of this we have to use this antiquated system of personally contacting the person and haggling out a deal. This is not like the real world where there is trillions of dollars in the marketplace and a near unlimited supply of people buying and selling.

On top of that, I would guess most people already have their main/boring/standard gear loomed up (ex. kuyak and dgs) so they aren't looking to sell and noone is looking to buy it. That leaves "rare"/interesting items like a goedendag, bar mace, etc that when people are looking to get rid of them, they feel entitled to large sums of gold
Title: Re: The great cprg market crash!
Post by: Lt_Anders on June 15, 2012, 04:10:23 pm
5 days of no looms sold straight. Seems cash has deflated in use!
Title: Re: The great cprg market crash!
Post by: Leshma on June 15, 2012, 05:25:22 pm
People started selling x3 items for 2.5 million gold. Prices are again going up, not down.

Golds sinks won't fix anything.

Only way is to completely remove gold from marketplace.
Title: Re: The great cprg market crash!
Post by: MrShine on June 15, 2012, 05:47:59 pm
We need a TEA PARTY MOVEMENT!

no 5% taxation without representation!