holy hell. RMT is back with their price spinning effort.

[Celeal]

Re: holy hell. RMT is back with their price spinning effort.

This is no good (+_+*)

I am going to farm for material and have my LS friend to make Taco for me in the future...

[kiffkin]

Re: holy hell. RMT is back with their price spinning effort.

Prices have been going crazy (on Hades) during the past week. Marron Glaces were down to under 2k the other day, but have bounced back to 7ish (they usually go for 5-6). Rice Dumplings were at 18k, Tacos are somewhere between 30k and 60k depending on the day and so on.

It's very difficult trying to sell anything, as the prices are fluctuating so much. I've put a few things on thinking that I'm undercutting slightly, only to see prices slashed by other people. On the other hand, I've done the same, on the same items, but prices have been going up and mine are they only ones going cheap.

[Sabaron]

Re: holy hell. RMT is back with their price spinning effort.

Well, I'm both RNG and COR, so the fact remains that as COR they're asking me to pay more for less damage, which really makes no sense at all. As long as I'm buying apples and oranges, if the apples don't hit as hard as the oranges, I just won't buy the apples til the price is right.

Well, what I was eluding to was that if you are going to make bullets, you will still find that making Iron Bullets in more expensive than making Silver ones, so you'll still be paying more for less--you'll just be paying less over all for the bullets. There's no way to get around the materials cost. Just be glad you don't throw Shurikens.

[Aeni]

Re: holy hell. RMT is back with their price spinning effort.

Well, I'm both RNG and COR, so the fact remains that as COR they're asking me to pay more for less damage, which really makes no sense at all. As long as I'm buying apples and oranges, if the apples don't hit as hard as the oranges, I just won't buy the apples til the price is right.

The reason why it's expensive is because you have more than one class that can use a certain level bullet as opposed to having a bullet which only one class can use. This is certainly a supply and demand issue. You have a bajillion CORs at your level right now and they want bullets too. I bet a year ago, you could've bought those same bullets for a lot less and hoarded them ... if you had a crystal ball.

[Karinya]

Re: holy hell. RMT is back with their price spinning effort.

The RMT, as someone said, will simply buy your 40K stacks and sell it for higher. Once they dry out the supply, they put it back for 100K or more.

Dry out the supply? Of tacos? I think you have an overinflated estimate of their abilities. They don't have a "prevent all cooking" button.

And they can't sell the stack for higher if Jei or someone like him lists another stack at 40k. Then they pay 60k (they have to, to keep the price looking high) and don't sell it at all because they're constantly being undercut. That's *why* undercutting works the way it does - to prevent exactly this kind of market manipulation. People who try it can lose a LOT of gil. They're much more likely to end up buying a lot of stacks off people like Jei and then being forced to sell them for 30k.

As long as people like Jei exist, and they do exist on every server, nobody will be able to "dry out the supply" of tacos.

Tacos are not behemoth hides. There's too many sources of supply for anyone to try to control them all. In addition the market rushes *in* to situtations like this; some cooks who weren't making any tacos before will notice the higher prices and start making more tacos. (Of course not all crafters check the prices of everything constantly, but word will spread through LS's etc.) They can try to stop this by buying up all the fish - and then more fishermen will come in. It's like trying to drink up the ocean.

It'll annoy any PLD who runs out of tacos in the next couple of days, and then the price will be back to normal - that is, about what the server's fishermen and cooks collectively think their time and effort is worth.


P.S. You'd think they'd have the brains to use more than one shill buyer. This is such transparent attempted market manipulation that anyone with two brain cells to rub together is going to be starting bidding at 30k with that history - even if they can't remember what the price was yesterday. And for every one that succeeds, the price fixers have to work even harder to cover it up.

[Jei]

Re: holy hell. RMT is back with their price spinning effort.

Here's what happens.

3hours after that screenshot, I was able to bring down the price to 37k and push the 62k out of history screen. I put 7 more stacks up and went merit.

5-6 hours later, I came back the history is filled with 62K from the same person again : /

I'm gonna check this morning what the price is.

[Malevolent]

Re: holy hell. RMT is back with their price spinning effort.

you should feel lucky. Tav tacos on Fairy are over 100k

[eticket109]

Re: holy hell. RMT is back with their price spinning effort.

Well, I'm both RNG and COR, so the fact remains that as COR they're asking me to pay more for less damage, which really makes no sense at all. As long as I'm buying apples and oranges, if the apples don't hit as hard as the oranges, I just won't buy the apples til the price is right.

that makes sense but on the flipside, using that analogy, after a while you have to eat something. if I'm allergic to oranges then I'm not even going to check the price, I'll buy something I know I can eat. thus, if someone is just levelling COR then they probably don't care what silver bullets are going for and will continue to suck up the going rate on iron.

[FatCharlie]

Re: holy hell. RMT is back with their price spinning effort.

So what do you do? Unfortunately, SE does not have a trade channel, like WoW does. But, you can have a reputation built up through connection and friends. Simply let the community know that you can synth their items for them if they have materials on hand for a small fee. Start a crafting LS and include many legitimate high level crafters and discuss among yourselves on how best you can serve the community. This is the only method I know of that works against RMT. As an individual, you do not stand a chance against them.

Very interesting idea. I like it. On Birmarck, RMT has killed the consumables market. Profit on just about any item is at around 1-3k. I'm 93+1 Alchemy and the only item I can make decent money off of is Icarus Wings. The only time I craft now is when I need gil for wizard cookies or new low level equipment for new jobs. It's just not worth the time and effort to farm the ingredients for such minimal profits. I'd like to buy a Noble's Tunic someday, but to have to craft 4-5000 items just to make that kind of gil is completely ludicrous.

I wish SE would start banning credit card numbers and/or addresses, or possibly even create a North America only server. It's painfully obvious that deleting accounts does absolutely nothing to deter the Chinese RMT. Give China their own server, let them RMT themselves to death.

[Omgwtfbbqkitten]

Re: holy hell. RMT is back with their price spinning effort.

Well, what I was eluding to was that if you are going to make bullets, you will still find that making Iron Bullets in more expensive than making Silver ones, so you'll still be paying more for less--you'll just be paying less over all for the bullets. There's no way to get around the materials cost. Just be glad you don't throw Shurikens.

Long term, however, I'd likely spend more getting to the point I could make silver bullets than I ever would Iron Bullets and unlike Silver Bullets, Iron Bullets can HQ. HQs can be sold for profit it would stand to reason that more iron bullets being out there would lower the overall price. Its just exploitation of the class, nothing more. IF they could get away with it on RNGs, they would. But they can't since RNGs have so much ammo to choose from.

You have a bajillion CORs at your level right now and they want bullets too.

Actually, there aren't as many CORs these days, never see more than 40 online at any given time and sometimes its lower. The overall COR population is down now that everyone's over their zomgI'mCaptainJackSparrow phase, they got the neato AF, and I'm sure overall job cost left many going back to another job. I can offset most of the cost by levelling/farming with BST, meriting BRD for IS and doing BCNMs.

Again, its just plain gouging. I got crafters who'll help and I'll start working toward making my own.

[Cometgreen]

Re: holy hell. RMT is back with their price spinning effort.

It's economics. Corsairs need bullets, and iron are the best they can use. That's quite a demand. Rangers can use arrows, or bolts, or bullets. I agree that it's odd for the less damaging ammo to cost more, but the fact remains that demand is higher for iron bullets, which will drive up the price. You could say it's gouging, I could say that it's replying to the increased demand.

[MisterCookie]

Re: holy hell. RMT is back with their price spinning effort.

Even though I doubt it would do much good, try a GM Call and see if anything happens. Other than that, the best you can do is to tell the peoplez! Tell them now!!

[Neomage]

Re: holy hell. RMT is back with their price spinning effort.

Even though I doubt it would do much good, try a GM Call and see if anything happens. Other than that, the best you can do is to tell the peoplez! Tell them now!!

Actually the GM call is a decent idea. Monopilization is illegal. If you take Screen Shots of the low price, person infating, low price again then re-inflating, you could get them banned.

[Aeni]

Re: holy hell. RMT is back with their price spinning effort.

....

Here's what happens.

3hours after that screenshot, I was able to bring down the price to 37k and push the 62k out of history screen. I put 7 more stacks up and went merit.

5-6 hours later, I came back the history is filled with 62K from the same person again : /

I'm gonna check this morning what the price is.

That's to answer your post. And did you even read what I said? If someone who only sees what's going for pays 60K, then despite Jei's effort to mark it lower, they'll pay 60K for a 40K listed item. This happens 80% of the time. ON ALMOST ANYTHING - except luxury items that are worth in the millions of gils.

[Balfree]

Re: holy hell. RMT is back with their price spinning effort.

Maybe somewhat offtopic, i didnt read all the posts, but..

Last night i had 7 stacks of Paralyze Potions on me, i been saving them to later level up on, but i needed a quick buck and put them on AH, lo and behold, the last paralyze potion stack that sold was last week.. by me.

I shouted in jeuno i was dropping the price of those by 10k, because it takes a crafter 20k~ish to make a stack, why sell for 40k? I took a whack at dropping the price to 30k and ding, 2 stacks sold very quickly after my shout. Some alchemists might be pissed at me, but i seriously dont care, im an alchemist myself and i make much less than all of them out there, and it doesnt bother me one bit.

Go ahead and announce the fact that your dropping a specific item's price, help the situation, unless youre thirsty for an extra 10k, or whatever.