I'm not so sure why you're so insistent on bashing a system that hasn't even had its first price update yet, but I hope you have fun on the forums. The rest of us will at least be patient enough to give the exchange a few days to see what it turns into.

 

 

 

I'm not bashing it, I am simply stating some simple facts.

 

 

 

It doesn't matter that the first update hasn't happened yet. The problem is in the infrequency of the updates and the too-narrow price ranges.

 

 

 

jessy87: I just tried listing a d left half for sale. Some Jagex 'market expert' decided that this is worth 700k, so the lowest I can list it for is 665k. How long do you think it will take until it sells? ;)

 

 

 

If calling a system "idiocy" isn't bashing, I don't know what is.

 

 

 

Once again, as you've failed to think about yet again, the market will gradually adjust itself. Your apparent inability to handle the wait of a few days to see what the exchange actually lists the prices at after some market influence makes you come off as a judgemental toddler that refuses to do anything but make snap assumptions.

 

 

 

So what if a few prices were marked wrong? It's self correcting and will be sorted out in a few days.

 

 

 

And yes, I know, you blathered on and on about how a slow adapting market will kill things- but you still haven't proven how most of the items in the exchange suffer from massive daily fluctuations, only that they CAN, which is much different from actually doing so.

They could do with changing a few things like adding a cannon set, but otherwise I think that within a fortnight the Grand Exchange is going to be even more brilliant than in is now - prices will have changed and flaws will have been adjusted. It makes trading a lot easier :D

 

 

 

However the downside is that for the first week or so everyone is just going to be dumping their items that they couldn't be bothered to sell in the Grand Exchange, and so there will be far more sellers than buyers.

 

 

 

Also, people will, instead of alching them, go and dump moster drops in the Grand Exchange, especially rune drops.

 

 

 

It will change a lot but in the long term I think that the Grand Exchange is a brilliant revolution of Runescape.

 

If calling a system "idiocy" isn't bashing, I don't know what is.

 

 

Okay, I guess that was a bit over the top. :)

 

 

Once again, as you've failed to think about yet again, the market will gradually adjust itself.

 

 

What YOU fail to think about is that my issue is not with the current prices but rather with the mechanism. It is unresponsive and unresponsive markets lead to arbitrage and other problems.

 

 

So what if a few prices were marked wrong? It's self correcting and will be sorted out in a few days.

 

 

It's not a few prices, it is most prices. And yes, some will correct themselves, but others will correct only partially only to whipsaw back and forth as supply and demand change.

 

 

 

All of it is unnecessary. Why not let the market speak?

 

What YOU fail to think about is that my issue is not with the current prices but rather with the mechanism. It is unresponsive and unresponsive markets lead to arbitrage and other problems.

 

 

 

But the market isn't unresponsive...it will adjust to trading or non-trading trends on the market. I don't see what your point is.

i read about somthing in RSOF about a new item called "thingy" ing the grand exchange.

 

 

 

now i typed thingy on buy, and now im trying to buy 1000 thingy's for 2k.

 

 

 

ps: there examin is mabob.

 

 

 

thingy-mabob....

 

 

 

jagex you and your little easter eggs....

 

What YOU fail to think about is that my issue is not with the current prices but rather with the mechanism. It is unresponsive and unresponsive markets lead to arbitrage and other problems.

 

 

 

But the market isn't unresponsive...it will adjust to trading or non-trading trends on the market. I don't see what your point is.

 

 

 

The GE system is unresponsive because prices change too infrequently. This means that most of the time the prices that we are forced to use in the GE will not match real market prices, which will make it harder to buy and sell than it should be, and will just make more profit opportunities for merchants who move items between the GE and the forums/w2.

*My arrow hits the Lesser Demon and deals 11 damage. Its dead. As I run towards its dead body, suddenly my Green Dragonhide chaps starts vibrating and making a loud noise... I dig deep down in my pocket and finds a strange looking device. On a little screen, it says with small, black letters: "One or more of your Grand Exchange offers has been updated.". "Whoa, nice to know", is my first thought, but then I start wonder: "Does cellhones really beong in this medieval setting...?*

 

 

 

What do you think? How do they explain this communicating? Should it be a spell, or maybe an enchanted gem??

 

It's not a few prices, it is most prices. And yes, some will correct themselves, but others will correct only partially only to whipsaw back and forth as supply and demand change.

 

 

 

All of it is unnecessary. Why not let the market speak?

 

 

 

Neither you and I can actually speak on the mechanism because we don't actually know how well it works. A daily price correction that swings far enough to actually capture the market would be more than enough for most items.

 

 

 

And I'm sure jagex has some reason for the 5% deal.

Neither you and I can actually speak on the mechanism because we don't actually know how well it works.

 

 

I know well enough that I have a bunch of items that have been sitting offered for sale at the lowest possible price, that haven't sold and the price hasn't changed.

 

 

And I'm sure jagex has some reason for the 5% deal.

 

 

 

Of course.. Jagex would never do anything foolish, like say, putting in an assist system for fishing, or restricting staking to 3k. ;)

What I will complain about is the fact that I can't actually play the game now, every time I log in I get dumped out to the main page (after 2 minutes of white screen). This may be a problem at my end but I doubt it.

 

 

 

Edit: I've managed to be 'on' for less than a minute total in 20+ attempts, this is beyond annoying.

*My arrow hits the Lesser Demon and deals 11 damage. Its dead. As I run towards its dead body, suddenly my Green Dragonhide chaps starts vibrating and making a loud noise... I dig deep down in my pocket and finds a strange looking device. On a little screen, it says with small, black letters: "One or more of your Grand Exchange offers has been updated.". "Whoa, nice to know", is my first thought, but then I start wonder: "Does cellhones really beong in this medieval setting...?*

 

 

 

What do you think? How do they explain this communicating? Should it be a spell, or maybe an enchanted gem??

 

does it matter.its like the youre slayer task is now finshed message(i know its not exact).the interface around the main window is designed to help the player,it doesnt exactly pop up on the screen with youre character pulling out a blackberry.you could say the saim thing about youre minimap and skill stats and inventory...

Neither you and I can actually speak on the mechanism because we don't actually know how well it works.

 

 

I know well enough that I have a bunch of items that have been sitting offered for sale at the lowest possible price, that haven't sold and the price hasn't changed.

 

 

 

Well, yeah. The mechanism, whatever it is, changes the price every day. If after a few days (or even tomorrow) that prices in the GE have remained completely out of whack with actual market prices, then perhaps your complaint has merit. Until then, this is a new system undergoing a shakedown and getting rid of the last few remaining bugs, and I see no reason to crucify it just because it didn't get rid of the kinks fast enough.

Something I don't understand with this update is that seeing as so many people are selling all at once, there will always be someone selling at a lower price than you. Since there are no merchanters to push the price up, won't the prices just go into a free fall now?

a free economy does not mean that prices will go up. it means that prices will be changed according to demand and supply. sometimes this means that prices will go down, sometimes it means that prices are in equillibrium and will remain stable

 

What YOU fail to think about is that my issue is not with the current prices but rather with the mechanism. It is unresponsive and unresponsive markets lead to arbitrage and other problems.

 

 

 

But the market isn't unresponsive...it will adjust to trading or non-trading trends on the market. I don't see what your point is.

 

 

 

The GE system is unresponsive because prices change too infrequently. This means that most of the time the prices that we are forced to use in the GE will not match real market prices, which will make it harder to buy and sell than it should be, and will just make more profit opportunities for merchants who move items between the GE and the forums/w2.

 

 

 

How can you say they change infrequently? Wait until we have at least 10 updates and then average the time between each change.

Neither you and I can actually speak on the mechanism because we don't actually know how well it works.

 

 

I know well enough that I have a bunch of items that have been sitting offered for sale at the lowest possible price, that haven't sold and the price hasn't changed.

 

 

 

Well, yeah. The mechanism, whatever it is, changes the price every day. If after a few days (or even tomorrow) that prices in the GE have remained completely out of whack with actual market prices, then perhaps your complaint has merit. Until then, this is a new system undergoing a shakedown and getting rid of the last few remaining bugs, and I see no reason to crucify it just because it didn't get rid of the kinks fast enough.

 

 

 

I'm not crucifying it, I'm pointing out the problems. That's part of what discussing new updates is about. If you think reading endless "woo gf Jagex" comments is more enlightening, that's your choice.

Neither you and I can actually speak on the mechanism because we don't actually know how well it works.

 

 

I know well enough that I have a bunch of items that have been sitting offered for sale at the lowest possible price, that haven't sold and the price hasn't changed.

 

 

 

Well, yeah. The mechanism, whatever it is, changes the price every day. If after a few days (or even tomorrow) that prices in the GE have remained completely out of whack with actual market prices, then perhaps your complaint has merit. Until then, this is a new system undergoing a shakedown and getting rid of the last few remaining bugs, and I see no reason to crucify it just because it didn't get rid of the kinks fast enough.

 

 

 

What price ranges differ (SIGNIFICANTLY) from the accepted player ones?

 

 

 

Reiterating what others have said: Almost everyone at the GE is SELLING, judge the GE next week not today (in terms of efficiency of selling).Just because things aren't selling doesn't mean its because of the price ranges

Hmm looks like Jagex can control prices now. Ah well, looks like a great update, cant wait to start useing it to sell mage logs and some red chins. Good job jagex on the update =D>

At first stuff will be hard to sell because there is a lot of sellers. People have been delaying the selling of their items because they knew the GE would come and make it a lot easier. Now that it came -> big supply -> harder to sell. Rather than instantly driving prices down this system forces all sellers into a price range, and most sell for the min price. Once supply starts coming down to meet demand and the market price varying kicks in, things will stabilize.

At first stuff will be hard to sell because there is a lot of sellers. People have been delaying the selling of their items because they knew the GE would come and make it a lot easier. Now that it came -> big supply -> harder to sell. Rather than instantly driving prices down this system forces all sellers into a price range, and most sell for the min price. Once supply starts coming down to meet demand and the market price varying kicks in, things will stabilize.

 

 

 

This is what I feel is happening, especially for items/resources that are common anyway.

Just because things aren't selling doesn't mean its because of the price ranges

 

 

 

Yes, it does. In fact, that's the only reason things aren't selling -- Jagex has controlled prices.

 

 

 

look in the chat-confirmation on the pin issue.

Just because things aren't selling doesn't mean its because of the price ranges

 

 

 

Yes, it does. In fact, that's the only reason things aren't selling -- Jagex has controlled prices.

 

 

 

Are you taking the piss? Stop stating things as fact when there is no proof to support said claims, THAT IS CHILDISH.

Just because things aren't selling doesn't mean its because of the price ranges

 

 

 

Yes, it does. In fact, that's the only reason things aren't selling -- Jagex has controlled prices.

 

 

 

Are you taking the piss? Stop stating things as fact when there is no proof to support said claims, THAT IS CHILDISH.

 

 

 

There's no proof that Jagex is controlling prices on the GE? :lol: Okay, why don't you log in and try to sell a shark for 1k? Or buy one for 500 gold?

 

 

 

I've got a d left half I'd like to sell but the GE says it is worth 700k so who's going to buy it?

 

 

 

In free markets, prices adjust to balance buyers and sellers. In controlled markets, buyers and sellers mostly sit around unable to transact. That's what we have here.

At first stuff will be hard to sell because there is a lot of sellers. People have been delaying the selling of their items because they knew the GE would come and make it a lot easier. Now that it came -> big supply -> harder to sell. Rather than instantly driving prices down this system forces all sellers into a price range, and most sell for the min price. Once supply starts coming down to meet demand and the market price varying kicks in, things will stabilize.

 

 

 

This is what I feel is happening, especially for items/resources that are common anyway.

 

For some items it's like that, others it was the exact opposite, namely rares. I saw so many people selling their rare armors (bandos, dragon, armadyl etc.) the days before GE came out.

Here is what I think of the system and what will happen next.

 

 

 

1. Right now there are a lot more sellers than buyers in GE. If you don't believe, put an item - let's say black mystic bottom* for sale at the lowest price and you will see it's not selling. Make a buy offer for the same item at the lowest price and you'll buy it in 2 seconds.

 

 

 

2. Normally, when offer is bigger than demand, the price decreases. However, due to Jagex' limitation of 5%, players cannot try to sell their items for a smaller price. The best they can do is the lowest allowed price and this is not enough - all sellers try to sell at the same price.

 

 

 

3. Jagex stated that "market prices in GE" will be computed daily. This means that the price will finally decrease (as the market demands it), but very slowly and in daily steps. Due to this not-so-well-thought system, the market will evolve as it is supposed to, but very slowly.

 

 

 

4. What I'm trying to say is that you don't need to worry, the market will evolve freely, prices will get down, than back up, an equilibrium will be found and everyone will be happy. But it will take a lot of time, as the market cannot evolve in real-time, but only once per day.

 

 

 

5. I believe this update has a huge potential and it will be very benefic for my needs. I only need to be patient during this transitional period until the market equilibrium will be reached. Yes, it will take a while, but it's not like I can't play RS during this time...

 

 

 

* black mystic bottom is just an example from personal experience, it's the same for most of the items, very few are in demand but not supplied at all.

 

 

 

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I was expecting this update to get rid of some Treasure Trail items in bank, like a rune kite (g), enchanted top and bottom, etc. When I saw it's very difficult to sell, I decided to buy. I completed a lot of sets based on what I had in bank and stored them in my Costume Room. I thus achieved my goal of more bank space ;-) I strongly suggest to try to use the GE to buy items (assuming you need anything) for a little while. It's more efficient than to sell, for now. In a few days, while the rush is over, it will be great for selling too