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Price fixing, flipping and monopoly
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Iarao✭✭✭✭goatlyonesub17_ESO wrote: »Grandchamp1989 wrote: »I don't think it is monopoly, u think it is because the parts were so rare...
I used to feel exactly like you do, but I don't anymore.
I used to think it was an ESO conspiracy.
But something is definitely pushing the prices up artificially, and not the free market.
I do believe there is an organized effort to keep prices up.
Yeah, a lot of people think that the law of supply and demand determines prices. It isn't, though. It's more like "follow the leader." Some guy with a lot to sell asks for the moon as his price. The next thousand people hoping to sell the same things do a price check, see what the first guy is charging, and then they charge that too.
it's what i do if i dont know the value of the item. and surprisingly, the item will sell
but if i know the item is worth less, i will list at less. like a common green recipe with 100 for sale asking 2500g. i will do a much better price. but if i see only a few for sale, i am just as likely to be the one with the highest price. no sense in following a lowball crowd. i have sold stuff for like 3x more than the highest price showed on ttc. maybe more.
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Iarao✭✭✭✭goatlyonesub17_ESO wrote: »Grandchamp1989 wrote: »I don't think it is monopoly, u think it is because the parts were so rare...
I used to feel exactly like you do, but I don't anymore.
I used to think it was an ESO conspiracy.
But something is definitely pushing the prices up artificially, and not the free market.
I do believe there is an organized effort to keep prices up.
Yeah, a lot of people think that the law of supply and demand determines prices. It isn't, though. It's more like "follow the leader." Some guy with a lot to sell asks for the moon as his price. The next thousand people hoping to sell the same things do a price check, see what the first guy is charging, and then they charge that too.
Thats not how it works. This is how it works if you 100% ignore demand and think supply is the only factor to determining prices. This assumes that there is an infinite amount of people willing to pay the amount of gold for the price the first person listed it. In reality you need an equal stream of people buying the item at that price which is where supply meets demand. If the price is too high, less people buy it and supply stacks up. Surplus begins the undercutting as people want to sell their items which slowly drops the price down to where it lines back up with demand.
and this is where i sometimes overprice, cuz i just dont know the demand and even if there are only 2 others up for sale, if no one wants it..... not one to spend my time with pricesheets. but it will come back to me for resale at a lower price if i dont decide to change it out first.
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Inaya✭✭✭✭✭
✭So people don't want to farm but they don''t want to compensate someone who does farm the mats they want?
I love to farm and fish though lately it's been quite busy with events and trying to get Markarth patterns. And I even flip on the occassion I'm shopping and see something I can make gold on.
Anyway, you can't have your cake and eat it to. It's actually what makes it all work...people willing to do the work and sell to those who aren't.
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NettleCarrier✭✭✭✭✭It's not a guild monopoly or conspiracy it's just people getting smart and realizing what's going on. I myself do this because I noticed it was a way to make money - buy stuff now and sit on it for nearly a year and make money. It's not rocket science...GM of Gold Coast Corsairs - PCNA2 -
Iarao✭✭✭✭goatlyonesub17_ESO wrote: »Grandchamp1989 wrote: »I don't think it is monopoly, u think it is because the parts were so rare...
I used to feel exactly like you do, but I don't anymore.
I used to think it was an ESO conspiracy.
But something is definitely pushing the prices up artificially, and not the free market.
I do believe there is an organized effort to keep prices up.
Yeah, a lot of people think that the law of supply and demand determines prices. It isn't, though. It's more like "follow the leader." Some guy with a lot to sell asks for the moon as his price. The next thousand people hoping to sell the same things do a price check, see what the first guy is charging, and then they charge that too.
Thats not how it works. This is how it works if you 100% ignore demand and think supply is the only factor to determining prices. This assumes that there is an infinite amount of people willing to pay the amount of gold for the price the first person listed it. In reality you need an equal stream of people buying the item at that price which is where supply meets demand. If the price is too high, less people buy it and supply stacks up. Surplus begins the undercutting as people want to sell their items which slowly drops the price down to where it lines back up with demand.
and this is where i sometimes overprice, cuz i just dont know the demand and even if there are only 2 others up for sale, if no one wants it..... not one to spend my time with pricesheets. but it will come back to me for resale at a lower price if i dont decide to change it out first.
cant edit so addition: i am also not one to take advantage. if i get something at far below value i will try to remember to take down seller's name (this can depend on if i get a rl interruption at that time) and then sell the item and split the profit or if it is really cheap i return the item to them and suggest a price. have done these things many times thru the yrs. just isnt a given cuz of rl stuff and then i get sidetracked and etc. 0 -
kargen27✭✭✭✭✭
✭✭✭✭✭I mean you need 5 Festive Noise Maker Parts and 5 Joke Popper Parts to get both achievements. That's a minimum of 10 stupendous jester boxes required to finish and you could only get 1 a day.
The event didn't even run for 10 days. Pretty easy to see how demand massively outstripped supply this year.
Also add in some players that normally would participate in the event skipped it this year to take advantage of the double XP and grind their CP up.and then the parrot said, "must be the water mines green too."0 -
Goregrinder✭✭✭✭✭
✭✭So people don't want to farm but they don''t want to compensate someone who does farm the mats they want?
I love to farm and fish though lately it's been quite busy with events and trying to get Markarth patterns. And I even flip on the occassion I'm shopping and see something I can make gold on.
Anyway, you can't have your cake and eat it to. It's actually what makes it all work...people willing to do the work and sell to those who aren't.
That's what it sounds like to me lol0 -
Ingenon✭✭✭✭✭
✭[Quoted post was removed]
Yes. On PS4 NA every day during the peak playing times there are people in zone chat spamming WTB followed by a long list of items. Frequently other people will comment in zone chat how the person spamming the WTB is offering less than what those items sell for at the large guild traders. And this happens in addition to them actively going around buying more reasonably priced goods from the small guild traders.
Edited by ZOS_ConnorG on April 3, 2021 1:47PM2 -
Grandchamp1989✭✭✭✭✭
✭✭✭So people don't want to farm but they don''t want to compensate someone who does farm the mats they want?
I love to farm and fish though lately it's been quite busy with events and trying to get Markarth patterns. And I even flip on the occassion I'm shopping and see something I can make gold on.
Anyway, you can't have your cake and eat it to. It's actually what makes it all work...people willing to do the work and sell to those who aren't.
Buying from first hand traders isn't the problem - those people gets compensated.
The problem is that the item the farmer put time into farming gets sold immidiatly (by people who's entire mindset is to re-sell it - not to use it) So the items switch from seller to seller to seller everyone increasing the price a little until every possible penny is squeezed out of every item on the server.
It's not very different from people who buy out all the apartments just to re-sell them at a higher price - with no thought what so ever of ever living there. People speculate in these things and it hurts the people who actually need to use the items.
But items goes from 2nd hand seller to 2nd hand seller and never quite in the pocket of those in need of them.1 -
xilfxlegion✭✭✭✭✭all of this stuff is free if you farm for it.
if youre not willing to grind then dont complain about what other people charge for their grind.
ps -- something is only worth what someone will pay for it.
pps -- i dont think a lot of you here know what " monopoly " means
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jaws343✭✭✭✭✭
✭✭✭✭✭Grandchamp1989 wrote: »So people don't want to farm but they don''t want to compensate someone who does farm the mats they want?
I love to farm and fish though lately it's been quite busy with events and trying to get Markarth patterns. And I even flip on the occassion I'm shopping and see something I can make gold on.
Anyway, you can't have your cake and eat it to. It's actually what makes it all work...people willing to do the work and sell to those who aren't.
Buying from first hand traders isn't the problem - those people gets compensated.
The problem is that the item the farmer put time into farming gets sold immidiatly (by people who's entire mindset is to re-sell it - not to use it) So the items switch from seller to seller to seller everyone increasing the price a little until every possible penny is squeezed out of every item on the server.
It's not very different from people who buy out all the apartments just to re-sell them at a higher price - with no thought what so ever of ever living there. People speculate in these things and it hurts the people who actually need to use the items.
But items goes from 2nd hand seller to 2nd hand seller and never quite in the pocket of those in need of them.
That only regularly happens when the initial seller severely undersells the item.
If an item usually sells for 20K and someone lists it for 18K, it isn't worth the cost to flip because selling at 20K means you only make a few hundred gold.
If that same item is listed for 5K, clearly it is underpriced based on the usual sale price of the item. And that item is either going to be bought immediately by someone who needs it and catches the deal, or flipped for a more normal price.
There is nothing wrong with that though. It isn't the flipper's fault that the original seller doesn't know the value of the item they are selling.1 -
RunForTheHills✭✭✭Grandchamp1989 wrote: »So people don't want to farm but they don''t want to compensate someone who does farm the mats they want?
I love to farm and fish though lately it's been quite busy with events and trying to get Markarth patterns. And I even flip on the occassion I'm shopping and see something I can make gold on.
Anyway, you can't have your cake and eat it to. It's actually what makes it all work...people willing to do the work and sell to those who aren't.
Buying from first hand traders isn't the problem - those people gets compensated.
The problem is that the item the farmer put time into farming gets sold immidiatly (by people who's entire mindset is to re-sell it - not to use it) So the items switch from seller to seller to seller everyone increasing the price a little until every possible penny is squeezed out of every item on the server.
It's not very different from people who buy out all the apartments just to re-sell them at a higher price - with no thought what so ever of ever living there. People speculate in these things and it hurts the people who actually need to use the items.
But items goes from 2nd hand seller to 2nd hand seller and never quite in the pocket of those in need of them.
You can find the good deals as easily as the flippers. You just have to spend a little more time and go to some out of the way traders looking for deals. If you are in a hurry and need some materials right away, then you will usually have to pay a higher price at one of the high traffic traders. Although many times I find reasonably priced materials at traders in the premium locations. I am not a flipper, but I make a habit of going shopping for materials before I am in urgent need of them and keeping enough stock for daily writs.0 -
VaranisArano✭✭✭✭✭
✭✭✭✭✭Grandchamp1989 wrote: »Usually by the end of an event the overflow of supply vs demand usually means the prices goes down, rather drasticly, for style pages, noise/joke poppers, gear pieces etc.
This event has been vastly different in prices doesn't seem to drop. It seems like guilds are creating a monopoly of items by buying up any items under market value to push the prices higher. It seems a lot of items are vastly overpriced compared to their real value - and the reason they don't drop in price is because guilds buy up all the items to keep a monopoly on the items.
If you own or can buy up all the pieces of a certain item you can set the prices to whatever you feel like.
I used to think all the threads about price fixing, monopoly and buying up all the hot items were an ESO conspiracy... But given this event... and seeing how all the items I look for gets bought up within 3-5 minutes of them being made available, that's an issue I haven't noticed before.
How much must items increase in price before someone take action and the market can crash back to real prices. It wasn't terribly long ago I could get Mundane Runes and Heartwood for 150g a piece and not 500+ as it stands now. This is true for most items atm.
My experience is on PC EU not sure how it stands on other servers.
[Quoted post was removed]
One of the more popular argument against having a global auction house as opposed to guild traders is that traders make it take substantially more effort for this to happen long term. You even admit this when you describe players actively going around and buying up reasonably priced goods. It takes these players much more time and effort to travel around and buy up reasonably priced items and flip them than it would in an Auction House system where they can do it all from a single interface. Its not impossible,, but it's harder and thus rarer. Or, at least that's the version of the argument that isn't made of straw.
But if you'd like to argue that guild traders don't do enough to prevent this sort of market control, I'd love to hear your take on how an Auction House supposedly is more resistant to cartels of rich players buying up desirable goods and reselling at higher prices.Edited by ZOS_ConnorG on April 3, 2021 1:47PM6 -
Sergykid✭✭✭✭✭
✭Blacknight841 wrote: »It’s not robbery if you consent to buying the item.
but it is robbery if i don't know the value of it and you lie to me about it.
i am new in town and i see you selling clothes for 100$ a shirt. I consent to buy it but you didn't say you buy them from the second hand shop with 10$. And you wouldn't either, and it's not your fault. It's my fault for not being informed. But you making the deal, are lying to me and thus soft scam me.
it's just people abusing the knowledge of other players. People still buy Manganese for 17.5g each while there's at the vendor for 15g.-PC EU- / battlegrounds on my youtube1 -
Eedat✭✭✭✭✭goatlyonesub17_ESO wrote: »Grandchamp1989 wrote: »I don't think it is monopoly, u think it is because the parts were so rare...
I used to feel exactly like you do, but I don't anymore.
I used to think it was an ESO conspiracy.
But something is definitely pushing the prices up artificially, and not the free market.
I do believe there is an organized effort to keep prices up.
Yeah, a lot of people think that the law of supply and demand determines prices. It isn't, though. It's more like "follow the leader." Some guy with a lot to sell asks for the moon as his price. The next thousand people hoping to sell the same things do a price check, see what the first guy is charging, and then they charge that too.Blacknight841 wrote: »It’s not robbery if you consent to buying the item.
but it is robbery if i don't know the value of it and you lie to me about it.
i am new in town and i see you selling clothes for 100$ a shirt. I consent to buy it but you didn't say you buy them from the second hand shop with 10$. And you wouldn't either, and it's not your fault. It's my fault for not being informed. But you making the deal, are lying to me and thus soft scam me.
it's just people abusing the knowledge of other players. People still buy Manganese for 17.5g each while there's at the vendor for 15g.
No it isn't. It would be robbery if they misrepresented the item or altered it. But items in this game are 100% identical copies of each other so you don't have to worry about being sold a knockoff. Selling someone the exact item agreed upon for an exact price agreed upon isn't robbery. It's your responsibility as a consumer to do your research and figure out a price you want to pay for something.5 -
Blacknight841✭✭✭✭✭Blacknight841 wrote: »It’s not robbery if you consent to buying the item.
but it is robbery if i don't know the value of it and you lie to me about it.
i am new in town and i see you selling clothes for 100$ a shirt. I consent to buy it but you didn't say you buy them from the second hand shop with 10$. And you wouldn't either, and it's not your fault. It's my fault for not being informed. But you making the deal, are lying to me and thus soft scam me.
it's just people abusing the knowledge of other players. People still buy Manganese for 17.5g each while there's at the vendor for 15g.
Not knowing the value of something is on the user. If they want this knowledge to be available for new players, then Zos would have taken the time to implement more statistics on items (price, quantity sold, trends) like pc add ons. They do not care if a new player gets the short end of the stick, as there is no system in place to protect them. As long as the transaction is legit, they can sell the imperial motif to me for 10k gold, and I can sell them the blue motifs for 1000 each. Same thing applies in real life. If you want a new air conditioner and you don’t shop around for prices, you get the price they give, even if you are paying a 50% price hike. If you want to do your own research than that is up to the person buying the product. However at least the real world is generous enough to provide average prices with a simple google search... unlike eso where is the Wild West of markets.2 -
Sanctum74✭✭✭✭✭
✭✭✭Grandchamp1989 wrote: »Usually by the end of an event the overflow of supply vs demand usually means the prices goes down, rather drasticly, for style pages, noise/joke poppers, gear pieces etc.
This event has been vastly different in prices doesn't seem to drop. It seems like guilds are creating a monopoly of items by buying up any items under market value to push the prices higher. It seems a lot of items are vastly overpriced compared to their real value - and the reason they don't drop in price is because guilds buy up all the items to keep a monopoly on the items.
If you own or can buy up all the pieces of a certain item you can set the prices to whatever you feel like.
I used to think all the threads about price fixing, monopoly and buying up all the hot items were an ESO conspiracy... But given this event... and seeing how all the items I look for gets bought up within 3-5 minutes of them being made available, that's an issue I haven't noticed before.
How much must items increase in price before someone take action and the market can crash back to real prices. It wasn't terribly long ago I could get Mundane Runes and Heartwood for 150g a piece and not 500+ as it stands now. This is true for most items atm.
My experience is on PC EU not sure how it stands on other servers.
[Quoted post was removed]
If that was even remotely true then the items would only be available for sale at these cartel guilds, but yet they can still be purchased at guilds all throughout tamriel.
Not to mention it would take billions in gold and hundreds if not thousands of hours a week to be able to affect the market, not to mention the inventory limitations to do it, so yeah it is clearly a conspiracy theory because some people just don’t like guild traders.
Edited by ZOS_ConnorG on April 3, 2021 1:47PM2 -
Eedat✭✭✭✭✭Grandchamp1989 wrote: »Usually by the end of an event the overflow of supply vs demand usually means the prices goes down, rather drasticly, for style pages, noise/joke poppers, gear pieces etc.
This event has been vastly different in prices doesn't seem to drop. It seems like guilds are creating a monopoly of items by buying up any items under market value to push the prices higher. It seems a lot of items are vastly overpriced compared to their real value - and the reason they don't drop in price is because guilds buy up all the items to keep a monopoly on the items.
If you own or can buy up all the pieces of a certain item you can set the prices to whatever you feel like.
I used to think all the threads about price fixing, monopoly and buying up all the hot items were an ESO conspiracy... But given this event... and seeing how all the items I look for gets bought up within 3-5 minutes of them being made available, that's an issue I haven't noticed before.
How much must items increase in price before someone take action and the market can crash back to real prices. It wasn't terribly long ago I could get Mundane Runes and Heartwood for 150g a piece and not 500+ as it stands now. This is true for most items atm.
My experience is on PC EU not sure how it stands on other servers.
[Quoted post was removed]
I would like any proof of this. I've been a top seller in various trade guilds from Rawl to Mournhold to Vivec and even less serious, more social ones like Coldharbour. I've had weeks where I've done over 20m in sales in a single guild. Yet not one single time has anyone ever tried to invite me into some illuminati trade conglomerate or told me a single item to buy or sell. So please, where is any scrap of proof that these closed door millionaire insider trading meetings occur? You can scream it's not a conspiracy all you want but the funny thing is the people who claim this literally never show the smallest trace of proof of the claim. Making baseless claims with literally zero evidence make your claims 100% beyond any shadow of a doubt a conspiracy theory. Straight up tin foil hat level conspiracies at thatEdited by ZOS_ConnorG on April 3, 2021 1:47PM6 -
poodlemasterb16_ESO✭✭✭✭✭I came back to ESO after playing Eve Online for a while. The economy here is kindergarten level stuff.
Its almost real in Eve and extremely competitive. There are people who never leave their station and just play the market. They are among the richest people in the game.2 -
Jeremy✭✭✭✭✭
✭✭✭✭✭VaranisArano wrote: »Grandchamp1989 wrote: »Usually by the end of an event the overflow of supply vs demand usually means the prices goes down, rather drasticly, for style pages, noise/joke poppers, gear pieces etc.
This event has been vastly different in prices doesn't seem to drop. It seems like guilds are creating a monopoly of items by buying up any items under market value to push the prices higher. It seems a lot of items are vastly overpriced compared to their real value - and the reason they don't drop in price is because guilds buy up all the items to keep a monopoly on the items.
If you own or can buy up all the pieces of a certain item you can set the prices to whatever you feel like.
I used to think all the threads about price fixing, monopoly and buying up all the hot items were an ESO conspiracy... But given this event... and seeing how all the items I look for gets bought up within 3-5 minutes of them being made available, that's an issue I haven't noticed before.
How much must items increase in price before someone take action and the market can crash back to real prices. It wasn't terribly long ago I could get Mundane Runes and Heartwood for 150g a piece and not 500+ as it stands now. This is true for most items atm.
My experience is on PC EU not sure how it stands on other servers.
[Quoted post was removed]
One of the more popular argument against having a global auction house as opposed to guild traders is that traders make it take substantially more effort for this to happen long term. You even admit this when you describe players actively going around and buying up reasonably priced goods. It takes these players much more time and effort to travel around and buy up reasonably priced items and flip them than it would in an Auction House system where they can do it all from a single interface. Its not impossible,, but it's harder and thus rarer. Or, at least that's the version of the argument that isn't made of straw.
But if you'd like to argue that guild traders don't do enough to prevent this sort of market control, I'd love to hear your take on how an Auction House supposedly is more resistant to cartels of rich players buying up desirable goods and reselling at higher prices.
Because a free market has more traffic, volume and greater access, therefore it is more difficult to manipulate. It really is that simple. I get what you're saying, but it ignores the totality of the situation.
Yes, it is more time consuming to look at a webpage then warp to that guild trader to buy an item and then flip it. But on the flip side (no pun intended), it also isolates and fragments those same markets and makes it more likely that someone will buy the over-priced item because they don't want to take that same "substantially more effort" to look for a better bargain. So that extra effort you refer to effectively cancels each other out, because it effects both selling and buying. Not to mention unless you use Tamriel Market or a similar addon there is no way to effectively compare prices on this game anyway, [snip]
[Edited to remove Conspiracy Theories]Edited by ZOS_ConnorG on April 3, 2021 1:48PM0 -
Bekkael✭✭✭✭✭Too bad you guys aren’t on Xbox NA, I sold lots of poppers for between a couple thousand and I think the last one I listed was for around 500 gold. There were lots of them listed on my guild merchant (Tamazon Prime). Most things I get pretty cheap, anytime I’m ever searching for something specific, but there are tons of Xbox players, and consequently lots of competitive prices. Possibly this is more of a PC issue? 🤔~~ Lady Gamer ~~ ♥ ~~ Xbox NA ~~0 -
Jeremy✭✭✭✭✭
✭✭✭✭✭Too bad you guys aren’t on Xbox NA, I sold lots of poppers for between a couple thousand and I think the last one I listed was for around 500 gold. There were lots of them listed on my guild merchant (Tamazon Prime). Most things I get pretty cheap, anytime I’m ever searching for something specific, but there are tons of Xbox players, and consequently lots of competitive prices. Possibly this is more of a PC issue? 🤔
It's probably more of an issue on PC because of the market addons.2 -
Eedat✭✭✭✭✭Grandchamp1989 wrote: »Usually by the end of an event the overflow of supply vs demand usually means the prices goes down, rather drasticly, for style pages, noise/joke poppers, gear pieces etc.
This event has been vastly different in prices doesn't seem to drop. It seems like guilds are creating a monopoly of items by buying up any items under market value to push the prices higher. It seems a lot of items are vastly overpriced compared to their real value - and the reason they don't drop in price is because guilds buy up all the items to keep a monopoly on the items.
If you own or can buy up all the pieces of a certain item you can set the prices to whatever you feel like.
I used to think all the threads about price fixing, monopoly and buying up all the hot items were an ESO conspiracy... But given this event... and seeing how all the items I look for gets bought up within 3-5 minutes of them being made available, that's an issue I haven't noticed before.
How much must items increase in price before someone take action and the market can crash back to real prices. It wasn't terribly long ago I could get Mundane Runes and Heartwood for 150g a piece and not 500+ as it stands now. This is true for most items atm.
My experience is on PC EU not sure how it stands on other servers.
[Quoted post was removed]
I would like any proof of this. I've been a top seller in various trade guilds from Rawl to Mournhold to Vivec and even less serious, more social ones like Coldharbour. I've had weeks where I've done over 20m in sales in a single guild. Yet not one single time has anyone ever tried to invite me into some illuminati trade conglomerate or told me a single item to buy or sell. So please, where is any scrap of proof that these closed door millionaire insider trading meetings occur? You can scream it's not a conspiracy all you want but the funny thing is the people who claim this literally never show the smallest trace of proof of the claim. Making baseless claims with literally zero evidence make your claims 100% beyond any shadow of a doubt a conspiracy theory. Straight up tin foil hat level conspiracies at that
If you want to pretend they don't flip items to make money then be my guest. But I know better. I've seen it first hand and know exactly how they operate. If you want proof, go put something of value up for a cheap price and then watch how fast they gobble it up and put it back up for sale for a more expensive price. haha
You've proved nothing though. This is exactly what I'm talking about. When asked to provide any sort of proof whatsoever you get "they do it because I say they do". It's always "I know everything about it, trust me with no proof". I've been a top trader in big trade guilds for 6 years and yet I have absolutely zero knowledge of these "cartels". But magically everyone else claims to know exactly what they are and how they operate. The weird part is they can NEVER provide even the tiniest bit of actual evidence of their existence. Do you have literally any proof at all? How do you know it's not just an individual buying the item? How do you know it's a "cartel"? If I saw a cheap item I would buy it and resell it. Does that make me a "cartel"?
Edited by ZOS_ConnorG on April 3, 2021 1:48PM3 -
Kwoung✭✭✭✭✭
✭✭I only know of one guild who actively teaches their members how to flip items. But there is really no such thing as a Guild controlling anything though, because in the end it comes down to an individual player who does the buying or selling of anything. The "guild" isn't a person, and has no way to buy anything or sell in order to create any sort of a monopoly. A player does though and numerous individuals and even some independent groups of players have banded to try and buy up all of something on the market to raise the price and profit, to some levels of success. This works especially well if you have decent game knowledge and know that the next event will require vast amounts of Heartwood say... to complete any of the event writs, or XP potions to make the most of the 2x XP events. It also works great with Motifs, many of which rarely hit the market and when they do, can usually be flipped for 2x the original listing price easily. Anyhow, those players are not controlled by some nefarious guild cartel, as a matter of fact they are probably all members in numerous guilds that are in competition with each other for those coveted spots in Mournhold.
Which leads into why the prices in Mournhold can be exponentially higher than other traders around Tamriel... because many players don't bother to figure out what stuff is worth and it is probably the most convenient place to shop. Those players may be just plain lazy, maybe have limited playtime and don't want to waste it searching out a deal, maybe they have a ton of gold and just don't care if they pay a higher price if it saves them a wayshrine jump. Then there are folks who have gone down the path of searching TTC , only to find the items gone on every vendor they check when sorting by the lowest price and say the heck with it and buy the high price one because they want that item now. And FYI, not all those items were bought up by flippers... I myself search out great deals for personal use, like going for Grand Master Crafter, which means buying up a ton of motifs to use, many of which can go days with zero available on the market, I have a friend who also bought well priced Chromium platings in bulk, not to flip, but because we were trying many different builds and we like to gold stuff out. So yeah, he camped the TTC website refreshing the page whenever he was in need of mats.
Oh and BTW, flipping is boring as heck and its not like you are going to retire off the millions of gold you acquired. Although for some, "winning" in ESO is by hitting some predetermined amount of gold in their bank, so thats their thing and what they are playing towards. Also, its not like anyone is gated from entering the flipper marketplace. If gold matter that much to you, simply put in the time searching for deals and go snap them up. With any luck, you also will have 10's of millions in no time... or you could lose it all and go broke, like I have seen happen many times!3 -
drkfrontiers✭✭✭✭✭
✭When there are guilds bragging about having billions the natural result is that they can dominate the market in any area. Buy everything there is and set a new value.
[snip]
[Edited to remove Conspiracy Theories]Edited by ZOS_ConnorG on April 3, 2021 1:29PM"One must still have chaos in oneself to be able to give birth to a dancing star."
~ Friedrich Nietzsche1 -
Zodiarkslayer✭✭✭✭✭
✭Grandchamp1989 wrote: »So people don't want to farm but they don''t want to compensate someone who does farm the mats they want?
I love to farm and fish though lately it's been quite busy with events and trying to get Markarth patterns. And I even flip on the occassion I'm shopping and see something I can make gold on.
Anyway, you can't have your cake and eat it to. It's actually what makes it all work...people willing to do the work and sell to those who aren't.
Buying from first hand traders isn't the problem - those people gets compensated.
The problem is that the item the farmer put time into farming gets sold immidiatly (by people who's entire mindset is to re-sell it - not to use it) So the items switch from seller to seller to seller everyone increasing the price a little until every possible penny is squeezed out of every item on the server.
It's not very different from people who buy out all the apartments just to re-sell them at a higher price - with no thought what so ever of ever living there. People speculate in these things and it hurts the people who actually need to use the items.
But items goes from 2nd hand seller to 2nd hand seller and never quite in the pocket of those in need of them.
WHUAUAAAAAAA.
That is what I said two weeks ago and have been called names for doing so.
My proposition for a solution was to make items auto-bind after purchase.No Effort, No Reward?
No Reward, No Effort!1 -
Kwoung✭✭✭✭✭
✭✭drkfrontiers wrote: »When there are guilds bragging about having billions the natural result is that they can dominate the market in any area. Buy everything there is and set a new value.
[snip]
Please point me in the direction of the guilds bragging about having billions please, I don't seem to have come across or be able to find such statements.
As for your examples though, you do realize that every single item on your list are things that can be crafted by pretty much anyone? It's pretty hard to create a monopoly on something every Joe can build in his own workshop or easily farm. Yeah, I am going to just snap up the 1.4 million glyphs on the market and jack the price up, and hope that all the peoples glyphs I just bought don't simply replace them again tomorrow.Edited by ZOS_ConnorG on April 3, 2021 1:29PM2
This discussion has been closed.