people are buying lots of the vi too, granted it's like 2-1 in favor of rave but still there are many showing up, believe me i would only get vics if no-one bought them

Is that why no one sells me runes? Because they are wanting a stupid amount for them? Come on people.... >.<

The only thing I'm saying is that grossly auto inflating atable prices for an item that you know someone wants it against unwritten exchanger code of conduct. Its just plain not right.

Sadly, this "code of conduct" is equivalent to "bad business" in a free market. Operating on an honor system is anathema to the principles of capitalism. I'm not saying this is a GOOD thing, but that's the way economics works. Supply and demand. The people who control the supply adjust the prices to balance the demand.

They aren't adjusting their prices properly.

so you'd rather a person not sell anything at all than to sell too high when noone else is selling?

I'd rather prices be fair.

That is, in fact, what a free market would encourage: If no one is buying at the price you're willing to sell it for, then you either lower your prices (if you need liquid assets NOW) or you hold on to it as an investment (in case someone will buy it for that price LATER). You of course have to balance the investment risk; if you're holding out for a price higher than anyone will ever pay, you've misvalued your non-liquid assets and you're not as wealthy as you think you are.

Yes damit. Or fucking sell them for a less and only half as insane amount if you wish. Bad businees is the real world term for it. Most people on here try to not do bad bisoness but everyone is guilty of it at one time or another. If people follow the example your setting choco then you'll see what you have potentialy started.

and in this case the item for sell was reasonable enough that people wanted it, hence it was a good deal for the seller and aperrently to the buyer(s) of the item

being a seller is sometimes about having both parties sated /regardless/ of what outside watchers want

Hardly the item is no where near worth that. And honestly you could have sold it for less but chose not to. So you controlled the price, so it was your decision. The seller has no party in this other than being stupid enough to pay the price.

It was worth that in the eyes of the parties participating in the transaction. That's what littl3 is saying. If it wasn't a fair deal in their eyes, the sale wouldn't have taken place.

It's one thing to discuss what the ideal marketplace would look like, but it's quite another to criticize a buyer for the BUYER'S evaluation of the worth of the item.

hey, insult me if you wish but leave her out of it, you need to chill out and talk like a civilised adult or just piss off that was just plain uncalled for

I stated my damn opinion and you have stated yours, neither of us are breaking the rules. Nothings perfect but it sucks when something that is going fine is disrupted.

you defend the integraty of the exchange but what about in other places? i think i am done here^^: there is nothing more to say

Demo, you can call me stupid if you like, but I viewed it as okay.
There might have been a chance that runes would come up sooner or later
for cheaper, but I'd most likely miss it - whether it be because of the
time of the sale or the lack of aurum / items. Because of that, I was
willing to pay higher now to insure I'd get runes, instead of waiting and
missing the chance.

I really don't care. I'm done, with a lot of things now.

Guys... You really should tone it down. There's really no reason for insults and swearing being thrown around when all you're talking about is digital currency.

Well for me when im offered a price i find over priced i will not buy it i know that there are people who will sell for the right price and im just fine to wait and find them =3

Some people are like mom and pop shops, some are like Wal-Mart. I sell for low prices a lot, because I'd rather everyone be happy in the exchange and make just enough to sustain than make the buyer lose. Wal-Mart, however, is a large business, and needs heavy funds to coninue to survive.

If I choose to buy my cheese at Wal-Mar, whih is RIGHT NEXT TO my house, has guaranteed cheese, and has a lot of it, I might pay an extra dollar, but I'm paying for luxury.

I think that, right now, we're seeing a drought on runes a little bit, but...I don't see people selling for 3K per 10 regularly o.o I payed 4K per 20 for my runes, and I consider that slightly overpriced, but! I got mine IMMEDIATELY, I payed for luxury.

On the flipside, I could have waited, taken the whole month to get the items I wanted, and paid a more reasonable price.

This argument will never see an end, and I am still REALLY surprised this thread hasn't been locked XD

I agree Hermes this thread always has been heated. And what you say is the truth i to like to sell low and make people happy because they might come back when they want something if i have it knowing ill be selling lower then most others. Its all on how people want to run their shops.

I'll admit I've come close to locking the thread from time to time but occasionally interesting and relevant topics do come up. Maybe someday an idea will spark that might help manage things.

Well, theoretically, they could always come up with unions to regulate prices, but as the sellers seem to only focus on any one person buying for the highest amount at a time ,and think anyone besides that person is being unreasonable, I don't think we'll see a change anytime soon XD

That wasn't meant to be an insult to anyone, it's the truth.

Personally, I have found that different price guides help.... ONE price guide made by someone who changed it to suit THIER wants first really didn't help anything at all for a few months. Demo's price guide is the only one I look at when it comes to my buying and selling here.

Economics really is an interesting topic. I love the whole supply and demand thing, and collecting things that might have incredible value in the future. I buy multiples of the monthly items because I was around when they were and it means a lot that I got to be a part of their release.

I promise to be fair with my price guide and I will not advertise anyone on it. The guide is meant to help guide people. Not in a sense control it. People are free to use the prices if they so choose.

And economics is a very interesting topic ginger. Sucks I had a horrible teacher for the class. XP

I follow the price guides as much as possible.

It's better to gauge the demand for the item and how much your customers would be willing to pay than to follow a price guide blindly. The point of a price guide is to show how much items HAVE sold for, not how much they SHOULD sell for. Use it as a starting point, but don't follow it without thinking.

Exactly what Coda said.

Speaking of economics I'm in economics now. I finally got my iPod working on the schools Internet again!
I agree economics is fun >3 I get to sit in my desk and be on trisphee all I want!
Economics = Trisphee = Awesome

That is why they are called guides xD And it is smart to look around to see what items are being sold for anyway because price guides don't always get price reports when items are bought or sold and items that are low in quantity become high in demand. I think I'm gonna try to work on reporting the things I buy and sell..

To start off, I bought two Lord of Karmic Interventions for 3.5k each the other day if that helps :3