Do you think ttc is contributing to deflation?

nickl413

CaiWenji wrote: »

cspinasdf wrote: »

If you look at your listed items and relog it'll relist them on the website multiple times. If your the lowest listed itll drive down the ttc suggested price. We've all seen the deflation lately and think this may play a part in it.

I do not know what the term "delation" means and on the attempt to google it, I still do not get it. But here are my thoughts on TTC:

I believe he meant "deflation"

Argawarga

Taylor_MB wrote: »

Why did MM fall out of favour? Actual sales history is more reliable then listed prices.

I don't think a lot of people use the scatterplots or the data provided by MM. They kind of just see that the average price is strange and disregard it without adjusting for timescale or eliminating outliers.

... Which is fair. I mean not everyone can geek out on data.

cspinasdf

Yes

nickl413 wrote: »

cspinasdf wrote: »

If you look at your listed items and relog it'll relist them on the website multiple times. If your the lowest listed itll drive down the ttc suggested price. We've all seen the deflation lately and think this may play a part in it.

I'm not sure I follow. Couldn't someone do the same thing with the highest listing and drive up the prices?

And what exactly do you feel is deflating as a direct result of people using TCC?

It doesnt matter if there are 100 listings at 10x the suggested pricing. That wont raise the suggested pricing since its based on the lower listed sales. I think its very useful, im just saying having multiple listings of the same item at the lowest pricing for one item lowers the value of them all while it isnt true

cspinasdf

Yes

alexkdd99 wrote: »

No, mainly because it seems all platforms are experiencing deflation.

So while I believe it could possibly play a small role, it is not the reason deflation is happening .

1 word is the reason for the deflation. Housing. Alot of gold was pulled out of the market and just disappeared when housing dropped. I imagine prices will bottom out and then slowly rise as more gold is generated.

Im not saying it is the sole reason for deflation, but i think it plays a part. Like maybe 10-25%

Cathexis

Yes

nickl413 wrote: »

Cathexis wrote: »

Uhhhh ya. Duh. How is this a poll?

Is the sky blue? Yes/No
Is grass green? Yes/No

This poll reflects denial more than the reality.
This is players with large inventories just wanting to liquidate for short term gains.

again I dont follow.... wouldnt it be to their advantage to drive UP the prices. If they want to sell low they can do that anytime they want.

Sure, but a centralized market causes significant depreciation because you have hyperfocused undercutting.

Phinix1

No

I think trade guild monopolies and the ridiculous out of control bidding wars ZOS failed to address because megaserver can't handle centralized auction house resulted in huge INFLATION.

I think the option to search a website as a makeshift centralized search to easily hunt for the best deal isn't causing deflation. I think it is counter-acting the above to bring prices back to a reasonable place after all the monopoly INFLATION.

And it is a good thing.

clocksstoppe

I never trusted MM, it can be manipulated. Deflation has nothing to do with TTC and MM, it's an intended effect of housing. In time, this gold drain effect of Homestead will diminish and prices will inflate again.

Panda_iMunch

The rise of TTC also comes at a time when there is a lot of grinding going on for housing and meta changes. The prices will most likely stabilizing in a few months, but that is just a guess.

Anti_Virus

TTC?
MM?

what does it mean?

Elsonso

Phinix1 wrote: »

The main benefit of TTC, and what big trade guilds HATE, is that it gives you a WEBSITE to search ALL GUILD STORES AT ONCE

This prevents big guild monopolies from price fixing as people can just look for a better price on the website without having to travel all over Tamriel searching each store one at a time.

Used to be big guilds would spend millions each week to get a guild trader in a spot like Rawl'kha to cash in on lazy players and noobs by selling things for ridiculously inflated prices.

Now any noob can just download TTC and visit the website and search for the best deal. I frequently buy things for less than 1/2 what big price fixing monopoly guilds are selling them for in Rawl, etc.

If anything, this contributes to breaking up big price fixing monopoly INFLATION which is a hugely good thing.

Big trade guilds are probably the biggest users of this add-on.

Katahdin

Anti_Virus wrote: »

TTC?
MM?

what does it mean?

They are pricing addons on PC
Master Merchant
Tamriel Trade Center

SnubbS

I don't what's causing deflation—but *** I love deflation.

f047ys3v3n

No

No, deflation is because there are now lots of things to spend money on and many of these (achievement items and houses) are genuine gold sinks that actually take gold from the game. Before housing money was pretty much just spent on gold mats and motifs and in this function it endlessly recycled leading to inflation. Now there are many outlets so demand for any one thing is lower. Hence, deflation.

As for TTC. TTC is simply a knowledge equalizer. Now everybody knows what only a few dedicated traders with many trade guilds across many accounts knew. This is good for almost everyone and will also result in higher total numbers of transactions. Knowledge imbalances lower trade because both parties fear they are being taken and are therefore cautious. TTC corrects these knowledge imbalances and even lowers the opportunity cost of buying something by allowing you to find it without 2 hours of inefficient shopping. TTC is good for everyone except the dedicated traders who made a lot of gold in the past based on their knowledge advantage and the trade guilds in the top locations who relied on the fact nobody bothered shopping the other traders before because it took hours to do so. ZOS might also not like that it allows people somewhat more efficiency in shopping. They might think all that wasted time is actually content. I like TTC. Now I can find something to buy and know what it is worth if I want it.

cspinasdf

Yes

From the twitter:
Added suggested price! Suggested price is calculated using this formula :AVG(cheapest 35% items) * 0.8 http://www.tamrieltradecentre.com/ #ESO

Okay just to clarify this is how it's calculated. So if the cheapest listed price is relisted it will bring down the suggested price. It won't increase the suggested price if the highest is relisted. The suggested prices can only be pushed down.
For example; let's look at tempering alloy. There are 5.1k listed in stores. so the bottom 1/3 is where the suggested prices are derived, the bottom 1.7k of tempering alloy listed. Let's say I log on at 6am est on a guild with a trader in the boonies, and list 3 stacks 200 @ 2k each. I look at my list,-> relog,-> look at list,-> relog,-> look at list,-> relog,-> exit out of my ttc client,-> cancel my listings. I've just warped the suggested price to about 2.5k from 6k. All this would have cost me was 12k, and I've warped the perception of value of gold tempering enough to eliminate about 18 million of value from the economy.

Jurand80

Tamriel Underbidders Unite!

NobleNerd

No

With the horrible market system in this game I honestly do not do much trading anymore since I came back. I played the "ESO Shopping Game" the other day and wasted over an hour of my time buying a few items I needed for upgrading gear! This is the worst system in a game for purchasing items and I do not see TTC causing it to be worse.

Marktoneth3

Yes

In MM people just set their price very low to lower average price

cspinasdf

Yes

Marktoneth3 wrote: »

In MM people just set their price very low to lower average price

Yes but in MM, they only affect the people in the guild they sold it. Also in MM they have to actually sell the goods to slightly affect MM. While in TTC, they could just list an item low, look at their listings, reload ui, look at listings, reload ui, repeat several times, exit their client, and cancel the listing. That way they'd still have the product, and the suggested price for that product would be significantly lowered.

Anti_Virus

Katahdin wrote: »

Anti_Virus wrote: »

TTC?
MM?

what does it mean?

They are pricing addons on PC
Master Merchant
Tamriel Trade Center

Thanks.

Cêltic421

What is TTC and mm?

Cavedog

No

cspinasdf wrote: »

If you look at your listed items and relog it'll relist them on the website multiple times. If your the lowest listed itll drive down the ttc suggested price. We've all seen the deflation lately and think this may play a part in it.

TTC is fundamentally flawed. The add on should not be used at all.

Yes, MM is clunky and messy, but it works. TTC is designed to allow everyone to price fix by listing an item way higher than it's actual value and drive up the price. Until TTC changes this fundamental flaw, it should not be used at all.

NobleNerd

No

Cavedog wrote: »

cspinasdf wrote: »

If you look at your listed items and relog it'll relist them on the website multiple times. If your the lowest listed itll drive down the ttc suggested price. We've all seen the deflation lately and think this may play a part in it.

TTC is fundamentally flawed. The add on should not be used at all.

Yes, MM is clunky and messy, but it works. TTC is designed to allow everyone to price fix by listing an item way higher than it's actual value and drive up the price. Until TTC changes this fundamental flaw, it should not be used at all.

The asinine market system in this game is fundamentally flawed!

If ZOS fixed that then we would not need addons like TTC to help balance the pricing across multitudes of convoluted stores all over Nirn!

cspinasdf

Yes

Cavedog wrote: »

cspinasdf wrote: »

If you look at your listed items and relog it'll relist them on the website multiple times. If your the lowest listed itll drive down the ttc suggested price. We've all seen the deflation lately and think this may play a part in it.

TTC is fundamentally flawed. The add on should not be used at all.

Yes, MM is clunky and messy, but it works. TTC is designed to allow everyone to price fix by listing an item way higher than it's actual value and drive up the price. Until TTC changes this fundamental flaw, it should not be used at all.

That's not how TTC works. It's suggested price is based on the lowest values listed. So if there are 100 items listed it's based off of items 1-35's average. If you listed 3 items at 101-103, number 36 would be included in the suggested price. While if you were number 1 and relog/check listing 3 times, the suggested pricing would be based on (1,1,1,1-32), which significantly changes the value.

AzraelKrieg

No

I think the current price drop on mats, particularly the gold ones, is due to standard market trend. No new sets since One Tamriel came so fewer people are require the materials to upgrade their gear. Fewer people demanding the mats means that the price will drop so that those that have them can sell them. If anything, the prices have returned to pre-One Tamriel pricing.