Lt. Commander
Join Date: Dec 2007
Posts: 120
# 11
01-11-2011, 01:20 AM
Quote:
Originally Posted by CrustyMac View Post
How long can I leave the item up on the exchange?
How long can they be there now? 14 days?

That's exactly the thing where the fee works. If there is demand for your product, you know you can sell it at some point. YOu have to ensure that you sell it fast enough that the accumulated listening fees don't ruin your profits.

So people have to be more careful. Something on the exchange at a price of 50M might not sell for weeks, and the listening fee cuts what you effectively get for it. In some cases, you might not even be able to afford the listening fee and have to reduce the price.

This means there is an additional risk-reward consideration to make, and many people will work to reduce the risk if they can ensure a reward.

The people that got rich in the current economy can still try to sell their rare finds at premium prices. But they won't do that for long, if no one else can afford it and the listing fee destroys their EC.
Lt. Commander
Join Date: Dec 2007
Posts: 120
# 12
01-11-2011, 05:41 AM
Quote:
Originally Posted by MelineAaele View Post
Right, but some BOs *do* sell for those amounts.. People would pay a little fortune for a Efficient Saurian with a skill like BOL3, ASIF or similar.
Likely the people that got rich by the same kind of deal, or the ones who purchased EC from a third party company.

Market price inflation is never a good thing. It's about time something is being done against that - because new players often can't afford any good equipment on their tier. I only notice this now as I level a new character. Have you seen the prices for current green or blue Mk IV / VI gear?
Lt. Commander
Join Date: Dec 2007
Posts: 120
# 13
01-11-2011, 10:35 AM
The exchange should not have a listing fee. It will only drive people to spam the social areas to bypass the costs. The current method of exchange listings expiring is enough to move storage from the exchange into the mail system anyway.

If there is a listing fee, it should only be collected at the point of sale. With as limited as the features are currently in the exchange, it is not a service that I would be willing to pay for. There should be many more features, like the ability to counter-offer on prices, sort stackable items by cost per unit, and search BOffs by skills and attributes.
Lt. Commander
Join Date: Dec 2007
Posts: 120
# 14
01-11-2011, 10:46 AM
Quote:
Originally Posted by MelineAaele View Post

What is the approx value of this BOff?
Easy.

28950000
Lt. Commander
Join Date: Dec 2007
Posts: 120
# 15
01-11-2011, 10:51 AM
Once again, DStahl has said a fee is coming. He has also said that the fee is aimed at clearing the exchange of storage items. It will do that. So, those "obscene" items just won't be posted, the people complaining about the prices won't have to see them.

Otherwise, there will indeed be an increase in the prices of things in general, because the supply will decrease as people selling marginal items won't waste their time. The EC that is earned through play won't be spent on the exchange since there will be fewer items, and prices will rise more. Inflation is pretty much inevitable when there is a ready supply of EC and nothing to spend it on.

For those who complain that new players can't afford the high prices on the exchange, I say bull. By the time someone reaches RA they are no longer new. Also except for a few items - mostly BOs - every weapon, kit, component, device, component and material is easily obtainable through some effort, from simply playing the game. The only people that "can't afford" something on the exchange are those that are in too much of a hurry to earn it one way or another.
Lt. Commander
Join Date: Dec 2007
Posts: 120
# 16
01-11-2011, 10:58 AM
Quote:
Originally Posted by MustrumRidcully View Post
How long can they be there now? 14 days?

That's exactly the thing where the fee works. If there is demand for your product, you know you can sell it at some point. YOu have to ensure that you sell it fast enough that the accumulated listening fees don't ruin your profits.

So people have to be more careful. Something on the exchange at a price of 50M might not sell for weeks, and the listening fee cuts what you effectively get for it. In some cases, you might not even be able to afford the listening fee and have to reduce the price.

This means there is an additional risk-reward consideration to make, and many people will work to reduce the risk if they can ensure a reward.

The people that got rich in the current economy can still try to sell their rare finds at premium prices. But they won't do that for long, if no one else can afford it and the listing fee destroys their EC.
So if what I'm selling is at risk of not selling on the exchange, I'll either take it to the black market for high profit items, or just take it to a vendor for marginal items. I'm more than happy to pay a fee if the time limit is extended to indefinitely. You consider risk/reward. I consider time/reward since the real component in all this is my time. There is no real risk involved.
Lt. Commander
Join Date: Dec 2007
Posts: 120
# 17
01-11-2011, 11:27 AM
Quote:
Originally Posted by Nightops25 View Post
The exchange should not have a listing fee. It will only drive people to spam the social areas to bypass the costs.
... in turn getting them ignored and/or reported for spam. So?

It's not like they don't do this already, after all. I distinctively remember a thread about this in the Discussion forum.

Quote:
Originally Posted by Nightops25 View Post
If there is a listing fee, it should only be collected at the point of sale.
Which would totally defeat the reason why the fee is there in the first place and -indeed- only cause the sellers to raise their prices, as opposed to actually having to try to sell the item, thus leading to reasonable prices.

Quote:
Originally Posted by CrustyMac View Post
Otherwise, there will indeed be an increase in the prices of things in general, because the supply will decrease as people selling marginal items won't waste their time.
No, that's not how a market works. When there is demand, supply will be created. If nobody offers a certain item, its value will go up, in turn creating an incentive for people to sell this. Then, the fee will serve as a safeguard to prevent too astronomic prices, because the seller will have a honest interest in selling the item. So the seller and the buyer will (ideally) meet somewhere in the middle. Which will be below the current standards.

In turn, items of lower value but higher occurrence will not be offered as often anymore (because even at the lowest price there is not enough demand to sell ALL of them), removing a lot of redundant auctions.

And this is how a market balances itself out. The Exchange fee is long overdue. You just have to compare STO's Exchange with other games' auction services (who have a fee) to see the reason, and that it will work out in the end (after one or two months of chaos).

Quote:
Originally Posted by CrustyMac View Post
For those who complain that new players can't afford the high prices on the exchange, I say bull. By the time someone reaches RA they are no longer new.
So anyone below RA should simply not bother to buy anything from the Exchange, is that what you mean?

Yes, inflation in a game like this is inevitable, because it's too easy and doesn't have a relatively steady flow of EC from your characters - for example by ship repairs or maintenance cost or a wider variety of "moneysinks". But even if the Exchange fee won't be able to neutralize this problem entirely (which it won't), it will at least decrease it.

Quote:
Originally Posted by CrustyMac View Post
The only people that "can't afford" something on the exchange are those that are in too much of a hurry to earn it one way or another.
That might be connected to the speed with how fast you blast through the levels in this game. Using all your credits you have attained on T1-3 just to buy a single T4 item doesn't really seem like a wise investment, considering that it'll get useless on T5.

And yes, you do make a lot of EC easily in this game. But under no circumstance do you make millions before reaching RAdm. Well, except if you engage in offering overpriced items on the Exchange as well, and are lucky enough that an old veteran's alt will actually buy that rare Mark IV console for 800.000 EC.
Lt. Commander
Join Date: Dec 2007
Posts: 120
# 18
01-12-2011, 01:59 AM
Quote:
Originally Posted by CrustyMac View Post
So if what I'm selling is at risk of not selling on the exchange, I'll either take it to the black market for high profit items, or just take it to a vendor for marginal items.
What black market?

Quote:
I'm more than happy to pay a fee if the time limit is extended to indefinitely. You consider risk/reward. I consider time/reward since the real component in all this is my time. There is no real risk involved.
A fee without the time limit is pointless in achieving what the fee is supposed to achieve, so I am not sure why you bring it up and what you want to say?
Lt. Commander
Join Date: Dec 2007
Posts: 120
# 19
01-12-2011, 08:15 AM
Quote:
Originally Posted by Valias
Have you seen the prices for current green or blue Mk IV / VI gear?
Yeap.. Its my hope that once crafting settles down, these parts will be cheaper.. Part of the problem is
1: The red samples used by people grinding
2: The red samples used in MK X-XI parts

If you wanna make any part, atleast 80k goes into the schematic alone..
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