You're NOT losing money

[pureprayer]

If you buy a whip for 1,545,436 and sell it for 1,545,430 AND THEN pick up 6 gp on the floor its no money gained or loss.

 

 

 

*Waits till someone notices*

 

 

 

[hide=]Ill fix it when someone notices =D>[/hide]

[bedman]

I hate how players complain "Aww I bought a whip when they were 40m and now there ~2m and so i lost 38m :cry: :cry: :cry: :cry: :cry: :cry: :cry:"

 

 

 

Well if you keep using that whip and don't re-sell it you never lost any money. You enjoyed that whip when it was 40m now why cant you enjoy it when its ~2m?

 

 

 

You say you lost money no you lost value of that item. Decadence is hard for expensive items you have but if you keep that item you didn't lose anything.

 

 

 

Now if you sell it back you still didn't lose anything because you can buy another for ~2m.

 

 

 

Your thoughts?

 

 

 

If it crashed in a short time, and you didnt use it in the mean time, you should have better sold it.

 

For things you always use and only fall like a few M or less / year, it doesnt apply though.

[Makoto_the_Phoenix]

It seems that in RuneScape, money is more paramount than most anything. So, when players buy something, they buy it because it was valuable at one time, and if they disliked it, it'd have a reliable resell value.

 

 

 

I'll admit, I have moments like that, but it's still silly. What good is money if you can't enjoy it?

[pureprayer]

I hate how players complain "Aww I bought a whip when they were 40m and now there ~2m and so i lost 38m :cry: :cry: :cry: :cry: :cry: :cry: :cry:"

 

 

 

Well if you keep using that whip and don't re-sell it you never lost any money. You enjoyed that whip when it was 40m now why cant you enjoy it when its ~2m?

 

 

 

You say you lost money no you lost value of that item. Decadence is hard for expensive items you have but if you keep that item you didn't lose anything.

 

 

 

Now if you sell it back you still didn't lose anything because you can buy another for ~2m.

 

 

 

Your thoughts?

 

 

 

If it crashed in a short time, and you didnt use it in the mean time, you should have better sold it.

 

For things you always use and only fall like a few M or less / year, it doesnt apply though.

 

Still your not "losing" anything because you can just buy it again for the lowered price.

[bedman]

I hate how players complain "Aww I bought a whip when they were 40m and now there ~2m and so i lost 38m :cry: :cry: :cry: :cry: :cry: :cry: :cry:"

 

 

 

Well if you keep using that whip and don't re-sell it you never lost any money. You enjoyed that whip when it was 40m now why cant you enjoy it when its ~2m?

 

 

 

You say you lost money no you lost value of that item. Decadence is hard for expensive items you have but if you keep that item you didn't lose anything.

 

 

 

Now if you sell it back you still didn't lose anything because you can buy another for ~2m.

 

 

 

Your thoughts?

 

 

 

If it crashed in a short time, and you didnt use it in the mean time, you should have better sold it.

 

For things you always use and only fall like a few M or less / year, it doesnt apply though.

 

Still your not "losing" anything because you can just buy it again for the lowered price.

 

 

 

Compare it to someone who didnt buy the item when it was that high prices.

 

 

 

Situation one: you both donth ave the item anymore

 

He: doesnt buy, keeps his ... Mil

 

You: buy. Sell later for less. You got ...-x Mil

 

 

 

Situation two: you both have it

 

You: buy for ... gp (long time ago)

 

He: buy for ... - x gp (now). he keeps more money.

[Moad14]

It is my view that any time you spend money, you're losing. Every time you hold on to items that are even up to stagnate, not necessarily dropping, you are losing money unless you manage to make money using said item. Any time when you have not invested your cash to its fullest potential, you have indeed lost that possible cash.

[pureprayer]

 

 

 

Compare it to someone who didnt buy the item when it was that high prices.

 

 

 

Situation one: you both donth ave the item anymore

 

He: doesnt buy, keeps his ... Mil He dosen't get to experience that item even if it just sits in his bank

 

You: buy. Sell later for less. You got ...-x Mil You get to use said item for the time you have it. And you can always re-buy for the smaller amount you sold it for

 

 

 

Situation two: you both have it

 

You: buy for ... gp (long time ago) You can use it for a longer time and/or lend it when it is 40m+ and make a little money to cope

 

He: buy for ... - x gp (now). he keeps more money.

 

 

 

[hide=]yes i know lend wasnt out when whips were 40+m[/hide]

[Bauke]

You lose money, you gain something else. It is, in fact, losing. You don't have it anymore after spending it. It's gone. That's lost right? Sure, you've gained something in return, but the money is gone.

 

 

 

Just a matter of definition anyways. Why do you even care?

[pureprayer]

You lose money, you gain something else. It is, in fact, losing. You don't have it anymore after spending it. It's gone. That's lost right? Sure, you've gained something in return, but the money is gone.

 

Well in that definition its losing but if you buy a 5m item your total value stays the same but you "lost" money.

 

 

 

 

Just a matter of definition anyways. Why do you even care?

 

I dont like people ranting and saying "I lost X amount of mill because my item dropped"

[Balazeal]

You only lose money is you view purchasing an item, as an investment. You buy an item for 40 mil, but then it's value decreases to 2mil, thus you have lost money on an investment. This is especially true for merchants.

[Moad14]

You lose money, you gain something else. It is, in fact, losing. You don't have it anymore after spending it. It's gone. That's lost right? Sure, you've gained something in return, but the money is gone.

 

Well in that definition its losing but if you buy a 5m item your total value stays the same but you "lost" money.

Of course the value is the same to you. If you bought a whip for 5m, even if it only costs 1m, you still don't think of it as a greater weapon than a newer 1m whip, right?

 

 

 

I dont like people ranting and saying "I lost X amount of mill because my item dropped"

At least it's not a "z0mg a nubcake insultz me im go cry on tip.it" thread. ;)

[pureprayer]

You lose money, you gain something else. It is, in fact, losing. You don't have it anymore after spending it. It's gone. That's lost right? Sure, you've gained something in return, but the money is gone.

 

Well in that definition its losing but if you buy a 5m item your total value stays the same but you "lost" money.

Of course the value is the same to you. If you bought a whip for 5m, even if it only costs 1m, you still don't think of it as a greater weapon than a newer 1m whip, right?

Well If you can get a whip for 1m and buy it for 5m thats just... But if its like d claws which are now 7.5m i think in the ge for 20m (if that is the street price) its acceptable

 

 

 

I dont like people ranting and saying "I lost X amount of mill because my item dropped"

At least it's not a "z0mg a nubcake insultz me im go cry on tip.it" thread. ;)

Cant argue with that logic.

[compfreak847]

The value of an item is determined by the current street price. Say you bought an AGS when it was 100m, and your bank value was 120m. Your AGS then dropped to 60m, and your bank value was 80m. You have lost 40m.

 

 

 

If stock prices drop in real life, you lose money.

 

 

 

If you buy a bag of silver (real life example here :-# ) for 20,000, and 10 years later the price of silver has dropped and you can only sell the bag for 5,000, you have lost money.

 

 

 

The whole argument about not spending your money on anything vs. enjoyment is another argument entirely. But for the original post, if an items falls 60m, you have lost money. Same as it is in the real world, every item has a value attached to it.

[pureprayer]

The value of an item is determined by the current street price. Say you bought an AGS when it was 100m, and your bank value was 120m. Your AGS then dropped to 60m, and your bank value was 80m. You have lost 40m.If you keep and use the AGS and never sell it back

 

 

 

If stock prices drop in real life, you lose money.

 

 

 

If you buy a bag of silver (real life example here :-# ) for 20,000, and 10 years later the price of silver has dropped and you can only sell the bag for 5,000, you have lost money.

 

 

 

The whole argument about not spending your money on anything vs. enjoyment is another argument entirely. But for the original post, if an items falls 60m, you have lost money. Same as it is in the real world, every item has a value attached to it.

 

If you keep and use the AGS and never sell it back you dont lose anything.

 

 

 

Also if you keep and then sell the AGS while losing 50m you can buy another 50m cheaper than what you bought it before.

 

 

 

I believe IRL you have a right to complain because just for the fact that its irl but if you buy stock with no intention with reselling :? you dont lose money when the stocks go down because you werent going to re-sell them.

 

 

 

This works both ways because if you buy an item and it goes up you profit but if you are going to buy an item but think it will go down (almost bought silver but didnt because of fear of drop) and it goes up (mable 30,000 a bag?) you will complain also for not buying.

 

 

 

Everything has the potential cash (or loss) from buying by either going up or down.

 

 

 

The main point of this rant is when players say "OMG I LOST 40M BECAUSE I BOUGHT THIS ITEM AND IT WENT DOWN" when they will never re-sell it.

[Moad14]

If you buy a bag of silver (real life example here :-# ) for 20,000, and 10 years later the price of silver has dropped and you can only sell the bag for 5,000, you have lost money.

This is why I specifically made my point based on a whip. It's the staple weapon; once you own one you're not as likely to sell it back as you may be with something like a bag of silver.

[compfreak847]

If you buy a bag of silver (real life example here :-# ) for 20,000, and 10 years later the price of silver has dropped and you can only sell the bag for 5,000, you have lost money.

This is why I specifically made my point based on a whip. It's the staple weapon; once you own one you're not as likely to sell it back as you may be with something like a bag of silver.

 

Point being? It's just as easy to sell every item in RS. Every item has a value attached to it, a physical GP price set by the RS community. If that price drops, the overall value of the item drops. Therefore, it is losing value. Value is set and determined using GP as an exchange unit. Therefore, value being lost means that the units of GP equal to that product has become fewer - losing GP, and resulting in a loss of value and coins.

[Bauke]

You lose money, you gain something else. It is, in fact, losing. You don't have it anymore after spending it. It's gone. That's lost right? Sure, you've gained something in return, but the money is gone.

 

Well in that definition its losing but if you buy a 5m item your total value stays the same but you "lost" money.

 

 

That's true indeed.

[Moad14]

Point being? It's just as easy to sell every item in RS. Every item has a value attached to it, a physical GP price set by the RS community. If that price drops, the overall value of the item drops. Therefore, it is losing value. Value is set and determined using GP as an exchange unit. Therefore, value being lost means that the units of GP equal to that product has become fewer - losing GP, and resulting in a loss of value and coins.

You are only thinking of value in monetary terms.

[compfreak847]

Point being? It's just as easy to sell every item in RS. Every item has a value attached to it, a physical GP price set by the RS community. If that price drops, the overall value of the item drops. Therefore, it is losing value. Value is set and determined using GP as an exchange unit. Therefore, value being lost means that the units of GP equal to that product has become fewer - losing GP, and resulting in a loss of value and coins.

You are only thinking of value in monetary terms.

 

And that is all the value that is attached to an item in RS. A whip has a single value - a monetary one. Irregardless of how much you have used it, how you got it, or how much you trained it.

[sees_all1]

Here's a quick question - what is something worth?

 

Seriously, think about that one for a minute. What is something worth?

 

I'll give you the answer - something is worth whatever anyone is willing to pay for it.

 

 

 

If you're willing to pay 40M for the whip, then to you its worth 40M.

 

If you're willing to pay 200M for the p-hat, then to you its worth 200M.

 

 

 

The simple answer is that if its not worth it to you, you won't buy it. Conversely, if you can't get the price you want for it, you won't sell it.

 

Unless of course you're merchanting. Then nothing has value to you, just other people.

[HOSTiLE_KAi]

I hate how players complain "Aww I bought a whip when they were 40m and now there ~2m and so i lost 38m :cry: :cry: :cry: :cry: :cry: :cry: :cry:"

 

Its freedom of spam....either you turn off your public chat or go elsewhere...Money really comes from nowhere, so people should really know that it can go anywhere.

 

 

 

For a really simple formula for finding out loss...

 

 

 

(Market price or net proceeds) - (initial cost) = Gain or loss. You divide this by holding period to better understand the loss or gain. (probably be in years mostly)

 

 

 

If its negative, its a loss.

 

If its 0, its breakeven.

 

If its positive, its a gain

 

 

 

If a whip costed 40m 2 years ago, now it's worth 2m. Loss of 38m/2years = 19m/year or -47.5%/ year.

[compfreak847]

Here's a quick question - what is something worth?

 

Seriously, think about that one for a minute. What is something worth?

 

I'll give you the answer - something is worth whatever anyone is willing to pay for it.

 

 

 

If you're willing to pay 40M for the whip, then to you its worth 40M.

 

If you're willing to pay 200M for the p-hat, then to you its worth 200M.

 

 

 

The simple answer is that if its not worth it to you, you won't buy it. Conversely, if you can't get the price you want for it, you won't sell it.

 

Unless of course you're merchanting. Then nothing has value to you, just other people.

 

What is something worth? I already addressed that. Just like in the real world, a specific items' monetary value is usually set - even more so in the RS world, where every item can be bought and sold on the GE.

 

 

 

If I can sell\buy a whip at 1.45m, that's what that item is worth. Period. That's how many coins I can redeem for it; it's the value assigned by the RS community as a whole. If they decide it isn't worth that much, and the monetary value of it goes down, I have lost value, or money.

[Sir_Kurity]

your net worth goes down, nuff said.

[pureprayer]

your net worth goes down, nuff said.

 

Did you read any of my rant?

[highlanders]

The item is the same, wether one paid 2m or 40m for it, so theoritically, you did not lose anything. But practically, that's not how it goes, because one doesn't have an infinite amount of money. Buying too soon means overpaying because of the rarity at that time, so you do lose money.