Grand Exchange = sell only?

[TheAncient]

I don't think people get it >_>

 

 

 

He's not talking about adding another option to let people put up GP to buy items (I thought so too at first) or something else.

 

 

 

He's talking about this:

 

 

 

Player A is selling 1000 Item X for 500 gp each (let's say this is the a bit below standard price).

 

There are other players selling at that price too, and others selling at 550 gp each (let's say a bit above normal)

 

 

 

Player B comes and buys all Item X's for 500 gp each. Then the lowest price in the Grand Exchange for that item is 550 each.

 

 

 

Player C comes and sees them for 550 each and believes that is the price for them, because he never saw anyone buy them for 500 each. He also cannot make a lower bid on the item if he did know that some people sell for 500 each, because prices are firm.

 

 

 

Therefore, the Grand Exchange will typically only reflect the sellers price, not what people are trying to buy for. The question is how does that affect prices? Will this occur often enough that prices may be inflated to the seller's price, or will there be enough people looking for quick GP to even it out.

 

 

 

PS: Correct me if I'm wrong sseli.

 

 

 

Exactly what I meant. You put it so eloquently that I think I'll put that on the main post.

[xSxqPowerx]

If the place is any use at all you will be able to like search for all of each kind of item and display the prices.

[meili]

wow..

 

icecube and sam are the only 2 that got the point the op was trying to get across #-o

 

 

 

Now you're just being rude. Just because they are the only ones who agree with you don't mean the rest of us don't understand. It's not rocket science fyi.

 

 

 

There's no problem with people only being able to buy the full listed price and it will not raise prices. There are over 1 million p2p players and millions more of f2p. For the exchange, there has to be a search function otherwise people won't be able to find the items they want.

 

 

 

Let's say you want to buy a rune full helm. You search and you buy the lowest listed price. Obviously that is what always happens...no one is going to buy the item that is 500 gp over the lowest listed price, they will always buy the lowest price everytime. Sellers who don't adjust their prices so that it is the lowest price will never sell their stock. Ever.

 

 

 

This will lead lower prices because sellers will be forced to keep up with the lowest listed prices. Those players who are in a hurry to sell, for example those whose members are running out, will list their items even lower than the lowest current price...again leading to lower prices, not higher.

[MrMateo]

i just hope the exchange thing is members only, it would be an exellent upper hand for us paying folks

 

 

 

it said that it would be for all players