with the unbalanced trade coming up, I'm guessing that there will be no prices rising cause of the 3k limit. since RWT is gone, i dont think rares would be leaving the community now that players have a lower chance of getting banned. would investing still be possible with this update?

I think they can still rise through the GE.

 

Anyway, I think we can expect some interesting changes for them, thats for sure. But obsolete, dunno...

Rares have always been technically obsolete, worth a bloody lot, but not usable.

 

 

 

But I think prices could still go up/down, just slower and with no dangerous peaks.

All trading of rares will be forced into the Grand Exchange, this will make the price updates of rares much more common (but still uncommon for phats, crackers will probably still take a year to update unless things change)

We've already seen that Jagex doesn't even know their own market prices. They don't update the GE prices often enough, so I dont think this will be a functional economy unless Jagex changes their actions.

We've already seen that Jagex doesn't even know their own market prices. They don't update the GE prices often enough, so I dont think this will be a functional economy unless Jagex changes their actions.

 

They know this, and they did try to do significant research before setting prices.

 

In Mod Mark's sticky, he said they would start trying to fix prices, relying on player's posts on the prices.

We've already seen that Jagex doesn't even know their own market prices. They don't update the GE prices often enough, so I dont think this will be a functional economy unless Jagex changes their actions.

 

ok if you think it is easy you and 100 of your friends tell me the average price of all the roughly 15000 items in the game

 

They know this, and they did try to do significant research before setting prices.

 

 

You don't actually believe that, do you?

 

 

 

How much "significant research" could they have done if the GE started out with rune boots at 180k, or any of the other whoppers that were in there? Hell, they still have yak hide armor pieces at 3k-4k a piece, and dragon shield left halves at over 400k.

 

 

In Mod Mark's sticky, he said they would start trying to fix prices, relying on player's posts on the prices.

 

 

 

The sticky listing bad prices has been up there for what, three weeks now?

 

 

 

We've already seen that Jagex doesn't even know their own market prices. They don't update the GE prices often enough, so I dont think this will be a functional economy unless Jagex changes their actions.

 

ok if you think it is easy you and 100 of your friends tell me the average price of all the roughly 15000 items in the game

 

 

 

Give me 50 million dollars in annual revenues and I'll be happy to. :roll:

doesnt matter to me, ill be quiting soon and im taking my yellow phat with me. lately jagex has come out with one dissappointment after another :evil: , im not waiting to see how the trade update wll mess up things even more.

 

 

 

btw qeltar u forgot gnome scarf was 1k when GE first came out :XD:

If you can only gain 6k every two trades at the max, yes. :|

 

They know this, and they did try to do significant research before setting prices.

 

 

You don't actually believe that, do you?

 

 

 

How much "significant research" could they have done if the GE started out with rune boots at 180k, or any of the other whoppers that were in there? Hell, they still have yak hide armor pieces at 3k-4k a piece, and dragon shield left halves at over 400k.

 

 

In Mod Mark's sticky, he said they would start trying to fix prices, relying on player's posts on the prices.

 

 

 

The sticky listing bad prices has been up there for what, three weeks now?

 

 

 

We've already seen that Jagex doesn't even know their own market prices. They don't update the GE prices often enough, so I dont think this will be a functional economy unless Jagex changes their actions.

 

ok if you think it is easy you and 100 of your friends tell me the average price of all the roughly 15000 items in the game

 

 

 

Give me 50 million dollars in annual revenues and I'll be happy to. :roll:

 

Well if you want me to be honest, I say they either did jack squat, or researched items too early and used "old prices".

 

 

 

But I try to believe what the Mods say, I want to believe... but :oops:

with the unbalanced trade coming up, I'm guessing that there will be no prices rising cause of the 3k limit. since RWT is gone, i dont think rares would be leaving the community now that players have a lower chance of getting banned. would investing still be possible with this update?

There is a less chance of players being banned? Ya, right. Have you seen the "offensive" name bans occuring recently? Suddenly immature abuse reports are receiving a LOT more attention...

Jagex knew the average price of items because it monitored ACTUAL PLAYER TRADES!!! You, the player, and the 6 million other players, continually traded ores, rares, weapons, herbs and other items ALL THE TIME. When you paid cash for your items, Jagex can easily track that. Jagex could tell the average price of items people were ACTUALLY PAYING. Note Advertising what they were paying (such as forums), but the end trade as in Player A and Player B hit accept.

 

 

 

Now, with the GE, it shows there's a slight flaw. People were paying more for items before the GE because it was inconvenient. Now with convenience, people want to pay less. This is very simple as a concept.

 

 

 

Of course, I will say Jagex could do with the following:

 

 

 

More displayed average prices at the NPC's, very easy to do with tabs. Don't just show ores, show bars. Don't just show one type of armor sets, show them all (tabbed) and some weapons too.

 

 

 

Update prices hourly, but let the average be decided over the last day.

 

 

 

Remove the lower limit price of ALL items that alc for less than cost of a nature rune (but not lower than a store would buy it for).

Rares have always been technically obsolete, worth a bloody lot, but not usable.

 

 

 

But I think prices could still go up/down, just slower and with no dangerous peaks.

 

 

 

I agree with you here. The rares will go up and down, but not as violent as before.

Rares have always been technically obsolete, worth a bloody lot, but not usable.

 

 

 

But I think prices could still go up/down, just slower and with no dangerous peaks.

 

 

 

I agree with you here. The rares will go up and down, but not as violent as before.

 

 

 

I personally believe thats what the Grand Exchange was designed to do.

With RWT, Staking, Pking gone. Will rares not drop as these were quite alot of peoples main money makers. (or money buying -.- ).

Well things like the Pumpkin, disk of returning, and halfwine might be obsolete because for the pumpkin and wine, you might easily consume it instead of trading. and for all 3, you cant wear them to show them off. But for p hats and santas, they'll keep going up.

obsolete in what way? i dont to go on and on about inflation and such... i would say no, or... maybe they will become what they once were? novelty items. in classic i was told santas were hard to sell sometimes, honestly i was told they were like selling a dragon spear today.

obsolete in what way? i dont to go on and on about inflation and such... i would say no, or... maybe they will become what they once were? novelty items. in classic i was told santas were hard to sell sometimes, honestly i was told they were like selling a dragon spear today.

 

 

 

Because pretty much everyone over level 20 had at least ONE santa hat on Rs1.

They will start to decline fairly fast after 2008 probably because no-one can gather the money anymore to afford one, There will be very very very few new people entering the rares market, especially the phat market; so prices will be forced down to dirt level eventually.