WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
TheMajority wrote: »WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
why would you report someone for that? how is that against the TOS?
WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
why would you report someone for that? how is that against the TOS?
I was reporting them to guild leaders because thats a tactic that is frowned upon on some guilds. Said person was also trying to rip me off by telling me to list certain items lower, when I did and they instantly sold, I realized they bought it, and saw them list the items much higher. So yes, I reported them to the guild leaders who promptly kicked these people out.
TheMajority wrote: »WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
why would you report someone for that? how is that against the TOS?
I was reporting them to guild leaders because thats a tactic that is frowned upon on some guilds. Said person was also trying to rip me off by telling me to list certain items lower, when I did and they instantly sold, I realized they bought it, and saw them list the items much higher. So yes, I reported them to the guild leaders who promptly kicked these people out.
that context was something needed in your first post it just sounded like you was randomly reporting people for flipping. yeah, that person was clearly actually scamming you which is different from flipping.
WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
One of the two trading guilds I'm in just announced that the guild will have to move to a cheaper location because gold income has gone down so much. So it seems some guilds are affected more than others since bidding prices appear to drive medium tier guilds down while the rest of the guilds in those places appear to be unaffected.
WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
why would you report someone for that? how is that against the TOS?
I was reporting them to guild leaders because thats a tactic that is frowned upon on some guilds. Said person was also trying to rip me off by telling me to list certain items lower, when I did and they instantly sold, I realized they bought it, and saw them list the items much higher. So yes, I reported them to the guild leaders who promptly kicked these people out.
that context was something needed in your first post it just sounded like you was randomly reporting people for flipping. yeah, that person was clearly actually scamming you which is different from flipping.
Well, they were flipping. This type of behavior contributes to the type of inflation we were seeing in the game. Flipping is anti-consumer friendly and detrimental to the economy.
Are you sure it was happening? I'm certain we've been told many times on this forum that such things can only happen with a central auction house, and that this is the main reason we must retain the existing sytem !
WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
why would you report someone for that? how is that against the TOS?
I was reporting them to guild leaders because thats a tactic that is frowned upon on some guilds. Said person was also trying to rip me off by telling me to list certain items lower, when I did and they instantly sold, I realized they bought it, and saw them list the items much higher. So yes, I reported them to the guild leaders who promptly kicked these people out.
that context was something needed in your first post it just sounded like you was randomly reporting people for flipping. yeah, that person was clearly actually scamming you which is different from flipping.
Well, they were flipping. This type of behavior contributes to the type of inflation we were seeing in the game. Flipping is anti-consumer friendly and detrimental to the economy.
WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
why would you report someone for that? how is that against the TOS?
I was reporting them to guild leaders because thats a tactic that is frowned upon on some guilds. Said person was also trying to rip me off by telling me to list certain items lower, when I did and they instantly sold, I realized they bought it, and saw them list the items much higher. So yes, I reported them to the guild leaders who promptly kicked these people out.
that context was something needed in your first post it just sounded like you was randomly reporting people for flipping. yeah, that person was clearly actually scamming you which is different from flipping.
Well, they were flipping. This type of behavior contributes to the type of inflation we were seeing in the game. Flipping is anti-consumer friendly and detrimental to the economy.
Flipping the vast majority of the time is buying items listed below market price and relisting them at market price. That doesn't contribute to inflation.
WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
why would you report someone for that? how is that against the TOS?
I was reporting them to guild leaders because thats a tactic that is frowned upon on some guilds. Said person was also trying to rip me off by telling me to list certain items lower, when I did and they instantly sold, I realized they bought it, and saw them list the items much higher. So yes, I reported them to the guild leaders who promptly kicked these people out.
that context was something needed in your first post it just sounded like you was randomly reporting people for flipping. yeah, that person was clearly actually scamming you which is different from flipping.
Well, they were flipping. This type of behavior contributes to the type of inflation we were seeing in the game. Flipping is anti-consumer friendly and detrimental to the economy.
Flipping the vast majority of the time is buying items listed below market price and relisting them at market price. That doesn't contribute to inflation.
Flipping the vast majority of the time is buying items listed below market price and relisting them at market price. That doesn't contribute to inflation.
WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
why would you report someone for that? how is that against the TOS?
I was reporting them to guild leaders because thats a tactic that is frowned upon on some guilds. Said person was also trying to rip me off by telling me to list certain items lower, when I did and they instantly sold, I realized they bought it, and saw them list the items much higher. So yes, I reported them to the guild leaders who promptly kicked these people out.
that context was something needed in your first post it just sounded like you was randomly reporting people for flipping. yeah, that person was clearly actually scamming you which is different from flipping.
Well, they were flipping. This type of behavior contributes to the type of inflation we were seeing in the game. Flipping is anti-consumer friendly and detrimental to the economy.
Are you sure it was happening? I'm certain we've been told many times on this forum that such things can only happen with a central auction house, and that this is the main reason we must retain the existing system !
WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
why would you report someone for that? how is that against the TOS?
I was reporting them to guild leaders because thats a tactic that is frowned upon on some guilds. Said person was also trying to rip me off by telling me to list certain items lower, when I did and they instantly sold, I realized they bought it, and saw them list the items much higher. So yes, I reported them to the guild leaders who promptly kicked these people out.
that context was something needed in your first post it just sounded like you was randomly reporting people for flipping. yeah, that person was clearly actually scamming you which is different from flipping.
Well, they were flipping. This type of behavior contributes to the type of inflation we were seeing in the game. Flipping is anti-consumer friendly and detrimental to the economy.
Flipping the vast majority of the time is buying items listed below market price and relisting them at market price. That doesn't contribute to inflation.
WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »TheMajority wrote: »WitchyKiki wrote: »I left my high-traffic trade guild because the dues/requirements did not lower despite the economy taking a nosedive. The truth is, that ESO was suffering from inflation that was speculative. I had reported countless members on high-traffic guilds for massively buying items to post at higher prices. Some people had 220M on sales PER WEEK by manipulating the market.
The problem right now is people are still operating under the rules of the old economy, and while I benefited greatly from it I'm also glad the economy finally corrected itself.
The high trade guilds will continue to dominate for a while til the cash runs dry. It will take a few more months, but hopefully your guild will come back.
why would you report someone for that? how is that against the TOS?
I was reporting them to guild leaders because thats a tactic that is frowned upon on some guilds. Said person was also trying to rip me off by telling me to list certain items lower, when I did and they instantly sold, I realized they bought it, and saw them list the items much higher. So yes, I reported them to the guild leaders who promptly kicked these people out.
that context was something needed in your first post it just sounded like you was randomly reporting people for flipping. yeah, that person was clearly actually scamming you which is different from flipping.
Well, they were flipping. This type of behavior contributes to the type of inflation we were seeing in the game. Flipping is anti-consumer friendly and detrimental to the economy.
Are you sure it was happening? I'm certain we've been told many times on this forum that such things can only happen with a central auction house, and that this is the main reason we must retain the existing system !
TTC is the culprit, but you already knew that.
moderatelyfatman wrote: »The reason given was that with the recent changes to the economy, it was no longer profitable. I've read on the forums that all we had to do is wait a week or two for the trader bids to drop off and the market would correct itself but this doesn't seem to be the case.
Has anyone else lost their trade guild too?
FlopsyPrince wrote: »
It just takes money from those who didn't know better and puts it in the hands of the ones who know a better price. Fine if the lower priced seller just wanted a quick sale, but the current system hides the true optimal price from many players, especially on console. That is not good game design.
TybaltKaine wrote: »Imagine citing buyers as the cause of inflation as opposed to price gouging and market manipulation.
What rot.
FlopsyPrince wrote: »
It just takes money from those who didn't know better and puts it in the hands of the ones who know a better price. Fine if the lower priced seller just wanted a quick sale, but the current system hides the true optimal price from many players, especially on console. That is not good game design.
- The ESO game design has no effect on the presence of flipping.
- Flippers are only players who sell items for more than they paid for them.
- There is no "true optimal price". There is only an 'average price' generated by the addons that you use.
Using Potent Nirncrux as the example:
- Flipper buys one for 15000 and sells it later for 20000. Making 5000.
- You find one and sell it for 12000. Making 12000.
The original seller made 15000 less costs
The flipper made 5000 less costs
Both guilds made some tax from one sale or the other.
Who's the numpty here?
You'll possibly come along and respond with "but I lost 7000".
But you can't make 'a loss' on something that cost you nothing. Unless you spend money to give it away...
The people causing inflation are actually those that don't run to the locations where the bargains are; but instead shop only at Vivec or Mournhold and CHOOSE to pay the highest prices around.
It isn't greedy traders
It isn't greedy guilds
It is isn't flippers
It is buyers that can't be bothered to shop around for a better price.
The people causing inflation are actually those that don't run to the locations where the bargains are; but instead shop only at Vivec or Mournhold and CHOOSE to pay the highest prices around.
It isn't greedy traders
It isn't greedy guilds
It is isn't flippers
It is buyers that can't be bothered to shop around for a better price.