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Valedrel wrote on 2010-12-02 05:57
It seems some people understand the concept(which i ended up mispelling oh well)...but take it to an extreme lvl. Those simple items, like the wisp hearts, which i get every time i see the wisp bosses, are selling for...over 20k and the new wisp heart someone is selling for 2mil gold.
The supply is low, but the demand...isnt even that high, its for a side quest, which gives you a boost in exp and a small bit of gold, I usually get them when i just farm for items i need on a map that contains a wisp. I really wanna know who the people are that think that these prices are really logical. how do you calculate such a number? why shouldn't i just sell the first item i get on the next expansion and sell it for like 1 mil gold?
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Cucurbita wrote on 2010-12-02 05:59
Trust me, the market works itself out.
The reason why the price is so high is because demand has spiked.
Supply is plentiful? Maybe not afterall, because due to the nature of competitive sales the price of an object easily falls unless the supply can't keep up with the demand either.
No one person or group of people consciously decided to spike the prices up. Thats just how it is right now. More people want it than there are for sale.
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heretic304 wrote on 2010-12-02 08:37
You also need to keep in mind that your idea that the quest only gives a small amount of gold and experience may differ greatly from another person's idea of what it's worth. This is why there are preference models in economics as well. You also have to keep in mind the other reward: the title. While you may not find it useful, other people would like to have the title for the 8 and 10 INT, depending on which quest you're handing in the heart for. By taking that into consideration, some people may value it much more than you do.
While 2mil is obviously overdoing it, you'll eventually see a more stable, less outrageous price. Since the barrier to entry for the market is quite low in Vindictus compared to that of real life, it's more likely that people will test waters with outrageous prices.
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Kenero wrote on 2010-12-02 16:27
Quote from Cucurbita;234999:
Trust me, the market works itself out.
The reason why the price is so high is because demand has spiked.
Supply is plentiful? Maybe not afterall, because due to the nature of competitive sales the price of an object easily falls unless the supply can't keep up with the demand either.
No one person or group of people consciously decided to spike the prices up. Thats just how it is right now. More people want it than there are for sale.
Yea and since once you buy off the market it becomes untradable, no one rich person can suddenly "buy" all items (such as buying all eternity erg crystals) then repricing them higher.
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placeboing wrote on 2010-12-02 18:43
Some people have many millions of gold. They don't mind spending some money to quickly get the stat boost from the title.
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Ruquion wrote on 2010-12-02 21:01
The market would regulate itself. Sellers won't sell at prices which people won't buy for and Buyers won't buy things at outrageous prices.
I sold Light Plate Boots for 500k, lol.