What happens when GE prices can't go any lower?

[Who]

I have found something of great interest in the Grand Exchange:

 

 

 

 

 

 

No this isn't just a picture of a Strength Potion.

 

 

 

As you can see from the picture, the Strength Potion (3)'s market price is 660gp. But if you notice, that's also set as the lowest price. To my knowledge, there hasn't been another item like this. There is usually the 5% lower or higher thing going on, but for this item, it seems that it can only go up. Because everyone buys or sells for the market price, which is also the lowest price, it can't go down.

 

 

 

To my understanding, if everyone bought for the lowest price, and then sold for the lowest price, then the lowest price would become the new market price. But in this case, the market price is the lowest price...

 

 

 

So is the program making it so that it can't go any lower, only higher? Maybe this is a potential way to stabilize the crash in prices. Or this could just be a glitch. I don't know. I'm just interested in what you have to think.

[Lime_Mercury]

Might be a failsafe that you can't buy thousands of them at that price then sell to Warrior's guild at a profit.

[Bobbington]

Interesting find.... I would be tempted to submit a bug report and see what (if any) reaction it gets, it's often a good test when you are not sure if something is intentional or not..... I will keep listening though.

[mchainmail]

gold ring is the same thing. I think some of the rune items are like that too. I think the floors may represent the high-alch price.

[bbjoe282]

i dont think that it will stabalize some of the falling prices but just slow them because jagex said that they would change over time.

[qeltar]

What happens is that nobody sells anything.

 

 

 

It's not a bug -- there are dozens, if not hundreds of items in this situation and more joining every day.

[darkjab]

Rune Javelins market price is also the lowest price too.

[Who]

What happens is that nobody sells anything.

 

 

 

It's not a bug -- there are dozens, if not hundreds of items in this situation and more joining every day.

 

 

 

I wouldn't say nobody sells them. I'm sure theres lots of F2P players selling them. I would say is that no one is buying any of them. Which explains Rune Javelins as well :|

[Saru Inc]

Might be a failsafe that you can't buy thousands of them at that price then sell to Warrior's guild at a profit.

 

 

 

That is what I was thinking.

[brave]

Actually, I think you will find that it is either a glitch with the GE or the way that it works. I have noticed that if I sell an item in a slot at say, the lowest price, the next item I sell in that slot is automatically priced at the lowest price, ie. the slot "remembers" what you did last time. Also the same happens with maximum price. I don't know if it happens with the market place as I have yet to sell anything at the market value.

[N3t_Frm]

I have noticed with yew logs that they started a max price of 390, now for my knowledge they're like 430ea. And people will always buy them and sell them for max price until it gets to like 450, since fletchers will realize they can't make a profit.

[tryto]

This is also happening with green d'hide bodies, market price is 4,427, lowest is 4,400, and max is 4649.

[Locutus_Of_Borg]

It's the same with many items that have dropped all the way. The basic runes are all 10-13ea, with the exception of bodies at 9-12ea (or something like that.) It's to keep the prices from dropping all the way.

[Smapla]

That happened to me with some of the trash i put up... unpowered orbs, rune kite (h4), a few others

[qeltar]

It's the same with many items that have dropped all the way. The basic runes are all 10-13ea, with the exception of bodies at 9-12ea (or something like that.) It's to keep the prices from dropping all the way.

 

 

 

What exactly is being gained by doing this?

 

 

 

Squat. If people don't want to pay 10 gp for body runes they won't. All that fixing the price does is make the GE useless for these items.

[Mukkor]

The most surprising thing I noticed is that it is on lobsters too. Minimum/Market for cooked lobsters is 201 GP, yet cooked Monkfish are going for 230. Why buy a lobster when you can get 4 points more healing for 30 more GP? A lot of F2P's will be POed if lobsters do become completely pointless for members.

[mchainmail]

This is also happening with green d'hide bodies, market price is 4,427, lowest is 4,400, and max is 4649.

 

 

 

What does a d-hide body alch for? 4680. If nat prices are a steady 280 each, then this failsafe stops players for buying less than the high-alching price and making a profit off the stupidity of others.

[mario_sunny]

This is also happening with green d'hide bodies, market price is 4,427, lowest is 4,400, and max is 4649.

 

 

 

What does a d-hide body alch for? 4680. If nat prices are a steady 280 each, then this failsafe stops players for buying less than the high-alching price and making a profit off the stupidity of others.

 

 

 

That's basically the definition of merchanting; making profit off other's stupidity. :P

[qeltar]

This is also happening with green d'hide bodies, market price is 4,427, lowest is 4,400, and max is 4649.

 

 

 

What does a d-hide body alch for? 4680. If nat prices are a steady 280 each, then this failsafe stops players for buying less than the high-alching price and making a profit off the stupidity of others.

 

 

 

Well, how wonderful it is to have Almighty Jagex out there making sure that I don't do anything out of "stupidity".

 

 

 

Because gee, I must be an idiot if I want to say, sell my green dhide bodies for 4380. :roll:

 

 

 

And how nice it is of Almighty Jagex to not let me "stupidly" sell my iron knives for less than 31 each -- which means that I haven't been able to sell them on the GE for two solid weeks.

 

 

 

And thank goodness that Almighty Jagex doesn't let me offer more than 85 gold pieces for raw chompies, because only an idiot would pay more than that much.

[mchainmail]

[hide]

This is also happening with green d'hide bodies, market price is 4,427, lowest is 4,400, and max is 4649.

 

 

 

What does a d-hide body alch for? 4680. If nat prices are a steady 280 each, then this failsafe stops players for buying less than the high-alching price and making a profit off the stupidity of others.

 

 

 

Well, how wonderful it is to have Almighty Jagex out there making sure that I don't do anything out of "stupidity".

 

 

 

Because gee, I must be an idiot if I want to say, sell my green dhide bodies for 4380. :roll:

 

 

 

And how nice it is of Almighty Jagex to not let me "stupidly" sell my iron knives for less than 31 each -- which means that I haven't been able to sell them on the GE for two solid weeks.

 

 

 

And thank goodness that Almighty Jagex doesn't let me offer more than 85 gold pieces for raw chompies, because only an idiot would pay more than that much.

[/hide]

 

 

 

Jagex's major reason for the GE was to stop platers (merchanters) from taking advantage of other players. Right, wrong, or indifferent that is what they have (foolishly?) decided to do. Granted, the system is flawed, but their logic is [almost] good.

[ajk822]

I dont really think jagex realized how many things ppl would sell that others dont want and for this reason they needed to freeze a ton of items that just kept sellin for lower and lower. One thing i still dont get thats dropping are bloods. I mean u cant ever rc them so were is the supply coming from.

[TheAncient]

You exploit the low prices and find amazing training opportunities such as the one in my signature.

 

 

 

:D

[Myweponsg00d]

This is also happening with green d'hide bodies, market price is 4,427, lowest is 4,400, and max is 4649.

 

 

 

What does a d-hide body alch for? 4680. If nat prices are a steady 280 each, then this failsafe stops players for buying less than the high-alching price and making a profit off the stupidity of others.

 

 

 

Well, how wonderful it is to have Almighty Jagex out there making sure that I don't do anything out of "stupidity".

 

 

 

Because gee, I must be an idiot if I want to say, sell my green dhide bodies for 4380. :roll:

 

 

 

And how nice it is of Almighty Jagex to not let me "stupidly" sell my iron knives for less than 31 each -- which means that I haven't been able to sell them on the GE for two solid weeks.

 

 

 

And thank goodness that Almighty Jagex doesn't let me offer more than 85 gold pieces for raw chompies, because only an idiot would pay more than that much.

 

 

 

Maybe YOU'RE an idiot if you don't realize that the forums still exist for buying and selling of items. They can't just let merchants rake in the cash at the GE. The GE doesn't involve any time commitment to make money. They have to do something so that people can't just hold a really low offer in the GE at all times, and rake in the cash with no effort over a long time period.

 

 

 

In case you haven't realized, this IS a game that is meant to be played for its content, not some type of online buying and selling exercise. Jagex wants their game to be played, so they have to do something to discourage players from doing nothing other than buying low and selling higher.

 

 

 

Chompies shouldn't even be tradeable in my opinion; that would be like making CW armor tradeable. There is more to this game than trying to just achieve financial gain, and if I were Jagex I would try to give players a reason to actually use old features like the bird hunting game, instead of encouraging them to just buy the rewards of the game (aside from the stupid hats) without the player ever having to set foot in the area.

[TheAncient]

This is also happening with green d'hide bodies, market price is 4,427, lowest is 4,400, and max is 4649.

 

 

 

What does a d-hide body alch for? 4680. If nat prices are a steady 280 each, then this failsafe stops players for buying less than the high-alching price and making a profit off the stupidity of others.

 

 

 

Well, how wonderful it is to have Almighty Jagex out there making sure that I don't do anything out of "stupidity".

 

 

 

Because gee, I must be an idiot if I want to say, sell my green dhide bodies for 4380. :roll:

 

 

 

And how nice it is of Almighty Jagex to not let me "stupidly" sell my iron knives for less than 31 each -- which means that I haven't been able to sell them on the GE for two solid weeks.

 

 

 

And thank goodness that Almighty Jagex doesn't let me offer more than 85 gold pieces for raw chompies, because only an idiot would pay more than that much.

 

 

 

I'll buy all of your chompies 2K ea :D

[aznmidget448]

Same thing happened with salmon (or was it trout?...) I think they're just going to stay there.