Business And Economy Archive
Thread: So how is the economy broken?
ThunderVamp9 wrote:
And I'm sure they wouldn't take $400 of gold and make it into a ring and sell it for $300. That wouldn't be smart.
If you bought the gold for $400 and then the value went down then thats a different matter.
And this is exactly my point. I'm not buying the "gold" for $400. I'm buying it for $75. Now, just because I CAN charge $400 for thering I made with it, simply because everyone else is, why not be happy with the $225 profit I made selling it at $300? That sounds plenty smart to me. Going for $400 simply because I can and everyone else is doing it smacks of greed to me. I'm already quadrupling MY investment. That satisifies me.
ThunderVamp9 wrote:
And I'm sure they wouldn't take $400 of gold and make it into a ring and sell it for $300. That wouldn't be smart.If you bought the gold for $400 and then the value went down then thats a different matter.
And this is exactly my point. I'm not buying the "gold" for $400. I'm buying it for $75. Now, just because I CAN charge $400 for the ring I made with it, simply because everyone else is, why not be happy with the $225 profit I made selling it at $300? That sounds plenty smart to me. Going for $400 simply because I can and everyone else is doing it smacks of greed to me. I'm already quadrupling MY investment. That satisifies me.
You're making $225 profit? You greedy little troll. Anyone selling that gold for over $150 is being a greedy ripoff slug. Why should you need to do more than double your investment?
SimDroid wrote:
Pawlin wrote:
ThunderVamp9 wrote:
...Can you give me a reason why I shouldn't be happy quadrupling my investment? Why should I be greedy and go for more simply because I can? This pricing works for me. I've been playing my toon for maybe 2 months, and am not hurting for cash in any way or anything else.
If you had 1 ounce of gold and 1 ounce of silver would you think its greedy to sell the gold for 50 times as much as the silver?
Would you take gold worth $400, make a necklace out of it and sell it for $300?
.... Worth is a variable....
So to answer that question, who is the gold worth $400 to? ...
You know, I have no problem with that... in the short run. As long as I'm making my profit I don't care who buys my goods. In the long run I'm a bit bothered because you're prolonging the inflated state of the economy.... but at the same time, not really. The problem isn't that people are charging too much for their stuff... it's that people actually have enough to buy (a lot of) it at those prices.
EdOWar wrote:
ThunderVamp9 wrote:
And I'm sure they wouldn't take $400 of gold and make it into a ring and sell it for $300. That wouldn't be smart.
If you bought the gold for $400 and then the value went down then thats a different matter.
And this is exactly my point. I'm not buying the "gold" for $400. I'm buying it for $75. Now, just because I CAN charge $400 for thering I made with it, simply because everyone else is, why not be happy with the $225 profit I made selling it at $300? That sounds plenty smart to me. Going for $400 simply because I can and everyone else is doing it smacks of greed to me. I'm already quadrupling MY investment. That satisifies me.
Then I'll buy out your rings and resell them at $400. Sure, I only make $100 profit on them, but then I didn't have to buy/mine the gold and I didn't have to spend time/money making the rings myself. Easy profit for minimal effort.
Slim Vargo, Corbantis
SimDroid wrote:
Pawlin wrote:
ThunderVamp9 wrote:
... Can you give me a reason why I shouldn't be happy quadrupling my investment? Why should I be greedy and go for more simply because I can? This pricing works for me. I've been playing my toon for maybe 2 months, and am not hurting for cash in any way or anything else.
If you had 1 ounce of gold and 1 ounce of silver would you think its greedy to sell the gold for 50 times as much as the silver?Would you take gold worth $400, make a necklace out of it and sell it for $300?
The opperative word here is "worth". Worth is a relative term. An apple has a million times more worth to a starving man than it has to a marathon runner.Cost/price is a constant. Worth is a variable.So to answer that question, who is the gold worth $400 to? What if I can't find anyone who wants to pay me $400 for gold, but I know someone who will give me $300 right now for a nice necklace? I would say the guaranteed $300 is worth more than a maybe $400 someday if I can find someone. Another factor that I would take into consideration is how much the gold cost me. If I paid $200 for the gold then I wouldn't think twice about selling it for $300. That's a 50% profit. If I paid $400 then I would have to think for a while about it. That still doesn't mean that I wouldn't do it though. A small loss is much better than a complete loss.
Except in this game, the task of keeping up with your costs is generally pretty easy unless you're running a resource business with several hundred harvesters. You are hardly ever forced to sell in this game.
ThunderVamp9 wrote:
And I'm sure they wouldn't take $400 of gold and make it into a ring and sell it for $300. That wouldn't be smart.If you bought the gold for $400 and then the value went down then thats a different matter.
And this is exactly my point. I'm not buying the "gold" for $400. I'm buying it for $75. Now, just because I CAN charge $400 for the ring I made with it, simply because everyone else is, why not be happy with the $225 profit I made selling it at $300? That sounds plenty smart to me. Going for $400 simply because I can and everyone else is doing it smacks of greed to me. I'm already quadrupling MY investment. That satisifies me.
Strictly speaking you're not quadrupling your investment. Unless you're saying your time and sales efforts are worth nothing, you're probably not making very much money. You haven't really tallied all your costs.
SimDroid wrote:
You know, I have no problem with that... in the short run. As long as I'm making my profit I don't care who buys my goods. In the long run I'm a bit bothered because you're prolonging the inflated state of the economy.... but at the same time, not really. The problem isn't that people are charging too much for their stuff... it's that people actually have enough to buy (a lot of) it at those prices.
EdOWar wrote:
ThunderVamp9 wrote:
And I'm sure they wouldn't take $400 of gold and make it into a ring and sell it for $300. That wouldn't be smart.If you bought the gold for $400 and then the value went down then thats a different matter.
And this is exactly my point. I'm not buying the "gold" for $400. I'm buying it for $75. Now, just because I CAN charge $400 for the ring I made with it, simply because everyone else is, why not be happy with the $225 profit I made selling it at $300? That sounds plenty smart to me. Going for $400 simply because I can and everyone else is doing it smacks of greed to me. I'm already quadrupling MY investment. That satisifies me.
Then I'll buy out your rings and resell them at $400. Sure, I only make $100 profit on them, but then I didn't have to buy/mine the gold and I didn't have to spend time/money making the rings myself. Easy profit for minimal effort.Slim Vargo, Corbantis
Now you're expanding into issues that are way beyond this forum. Like players not needing to sleep or eat or pay taxes or being able to sustain long term injuries. The costs in this game are pretty trivial compared to the ease of earning credits.
i think the economy is screwed up, most definetly. it became uber screwed up when they nerfed solo groups.
Ive been playing just over a year now and when i started solo groups were around, im a combatant player, i dont want to play a starwars game and make cakes all day. i want to go kill things, this means i need armour and weapons foods etc. in the solo group i could make a miill in a few hrs as a tkm this was fine the rate at which my comp armour degraded and the rate at which i could make money to replace said armour was nicely synchd the cost of armour then was a few hundred k a suit.
nowdays a suit of armour costs a few mill or a mill at least, i cant make very much money at all, in trying to earn money for a suit of armour i need 4 or 5 sets of armour to do so. armour now degradees much faster than i can earn the money for it essentially i am screwed
being a merchant chargin that much for armour your raking it in while people with one account like myself who refuse to be a merchant/artisan are being screwed over. things are to expensive that is why the economy is screwed up.
memnoku_xiaolong wrote:i think the economy is screwed up, most definetly. it became uber screwed up when they nerfed solo groups.
Ive been playing just over a year now and when i started solo groups were around, im a combatant player, i dont want to play a starwars game and make cakes all day. i want to go kill things, this means i need armour and weapons foods etc. in the solo group i could make a miill in a few hrs as a tkm this was fine the rate at which my comp armour degraded and the rate at which i could make money to replace said armour was nicely synchd the cost of armour then was a few hundred k a suit.
nowdays a suit of armour costs a few mill or a mill at least, i cant make very much money at all, in trying to earn money for a suit of armour i need 4 or 5 sets of armour to do so. armour now degradees much faster than i can earn the money for it essentially i am screwed
being a merchant chargin that much for armour your raking it in while people with one account like myself who refuse to be a merchant/artisan are being screwed over. things are to expensive that is why the economy is screwed up.
A few million? You don't have to have the absolute best to perform your best. What's your credit balance right now?
memnoku_xiaolong wrote:
also what do you mean rent out lots?
That means you either place static harvesters or mobile harvesters for someone else's use and they pay you for the use of your lots.
right now i have 700k, im trying to be a bh now an apparently viable way to make money and you do need the best armour for that, but i cant make that kind of money that said even average armour is very expensive at least on radiant, not to mention the high cost of faction armour.
as to the renting lts do you mean you find a spot rich in a resource type thus forcing players to rent from you?
memnoku_xiaolong wrote:right now i have 700k, im trying to be a bh now an apparently viable way to make money and you do need the best armour for that, but i cant make that kind of money that said even average armour is very expensive at least on radiant, not to mention the high cost of faction armour.
as to the renting lts do you mean you find a spot rich in a resource type thus forcing players to rent from you?
Well you contract in advance. Usually in renting, you don't supply anything other than your lots and picking up and dropping the harvesters to pre-designated spots. Contract mining is the other method which places more of the responsibility on you but generally gives you more income.