You're NOT losing money

[sees_all1]

Then why spam up this thread with worthless posts?

 

compfreak, why spam this thread with your worthless posts? ;) :P We all understand your argument, but our point of view doesn't seem to align perfectly. Just because our point of view is different doesn't mean that one of us is wrong. Unless you think that, then you're [developmentally delayed].

 

 

 

We seem to have two seperate arguments here:

 

#1: The item is still worth the same to you

 

#2: The item is still the same cash value (money).

 

 

 

#1 is correct; just because the amount of currency assigned to the item has dropped, it doesn't make it any less useful to you.

 

 

 

#2, however, is incorrect. As mentioned before, money is the cash value assigned to an item - if that cash value goes down, so does the money. As such, you have lost money.

 

I'm glad you understand that there are multiple points of view.

 

Let me explain my point of view -

 

I've saved my pokemon cards for 10 years because they have a sentimental value to me. I also know that they might be worth more in 40 years, but there's no guarantee.

 

I also paid $3.24/pack for my pokemon cards, and right now they're worthless. Yes, I have "lost money" on my pokemon cards, but they still have value to me.

 

Back to my original post - what is something worth? Whatever someone is willing to pay for it. So, I'm willing to keep my pokemon cards because no one is willing to pay what they're worth to me.

 

Let's apply this to RS now. I have a santa hat. Right now, its worth 14m, because that's what others are willing to pay for it. It's worth 21m to me, because that's what I'm willing to sell it for. If the price of the santa hat goes down to 10m, have I lost anything? No, because I still wouldn't sell it, its still worth more than that to me.

 

Apply it to this current situation

 

-If you bought a whip for 40m, then it was obviously worth 40m to you when you purchased it, otherwise you're [developmentally delayed], or you were trying to merchant it.

 

-The cost of a whip went to 2m. Did you lose money? Sure you did, but why complain? You still have your whip, and you value it at 40m; you're willing to pay 40m for it.

[compfreak847]

Then why spam up this thread with worthless posts?

 

compfreak, why spam this thread with your worthless posts? ;) :P We all understand your argument, but our point of view doesn't seem to align perfectly. Just because our point of view is different doesn't mean that one of us is wrong. Unless you think that, then you're [developmentally delayed].

 

 

I was referring to the quote "This stuff is too smart for my brain to handle" by a random poster who didn't post anything else, an obvious spam posting.

 

 

We seem to have two seperate arguments here:

 

#1: The item is still worth the same to you

 

#2: The item is still the same cash value (money).

 

 

 

#1 is correct; just because the amount of currency assigned to the item has dropped, it doesn't make it any less useful to you.

 

 

 

#2, however, is incorrect. As mentioned before, money is the cash value assigned to an item - if that cash value goes down, so does the money. As such, you have lost money.

 

I'm glad you understand that there are multiple points of view.

 

Let me explain my point of view -

 

I've saved my pokemon cards for 10 years because they have a sentimental value to me. I also know that they might be worth more in 40 years, but there's no guarantee.

 

I also paid $3.24/pack for my pokemon cards, and right now they're worthless. Yes, I have "lost money" on my pokemon cards, but they still have value to me.

 

Back to my original post - what is something worth? Whatever someone is willing to pay for it. So, I'm willing to keep my pokemon cards because no one is willing to pay what they're worth to me.

 

Let's apply this to RS now. I have a santa hat. Right now, its worth 14m, because that's what others are willing to pay for it. It's worth 21m to me, because that's what I'm willing to sell it for. If the price of the santa hat goes down to 10m, have I lost anything? No, because I still wouldn't sell it, its still worth more than that to me.

 

Apply it to this current situation

 

-If you bought a whip for 40m, then it was obviously worth 40m to you when you purchased it, otherwise you're [developmentally delayed], or you were trying to merchant it.

 

-The cost of a whip went to 2m. Did you lose money? Sure you did, but why complain? You still have your whip, and you value it at 40m; you're willing to pay 40m for it.

 

Then the OP needs to change this thread. If you resell the whip for 40m, you can buy much more stuff with it; you have lost money. Regardless of what your trying to argue, the title and first post on this thread is WRONG. Now, if you bring up a different argument - even if you have lost money, should you really be concerned about it? Didn't you get your 38m worth on your whip? I think otherwise, but that's more of an opinionated argument. What is not is the simple fact that you have lost money. Period. That's what I was arguing against, and what the title (and obviously the original intent) of this thread was about.

[langer]

what is something worth? Whatever someone is willing to pay for it. So, I'm willing to keep my pokemon cards because no one is willing to pay what they're worth to me.

 

 

 

Since those cards or whips will never rise to their initial price, you have no chance of getting back the worth they have to you. So you lost money and that money was exchanged for fun, better training experience and "status". Your bank value has dropped no matter how you value your items. You can balance that lost with the "experience of having that item" brought you, but you cannot possibly tell us that your santa hat has a value of 21m.

 

In finances and accounting, managers have to re-evaluate their assets based on market fluctuations to give a realistic view of the value of their companies and write off assets which value has dropped to zero. No matter how sentimental you may feel towards your first computer, the truth is, it's already lost most of its value. The same applies in RS.

[ydrasil]

We seem to have two seperate arguments here:

 

#1: The item is still worth the same to you

 

#2: The item is still the same cash value (money).

 

 

 

#1 is correct; just because the amount of currency assigned to the item has dropped, it doesn't make it any less useful to you.

 

 

 

#2, however, is incorrect. As mentioned before, money is the cash value assigned to an item - if that cash value goes down, so does the money. As such, you have lost money.

 

That is a reasonable way to sum it up. However think of it this way (using same example with Whip that people have been using, but different view). You buy the Whip for 40 mil, hence you were willing to pay that much (maybe even higher), hence you value you it as at least 40 mil. It drops to 2 mil. Your point is the cash value of this item has dropped 38 mil which is true enough. If the player sells it for 2mil, yes they lost money. However, ask yourself, why did they sell it for 2mil? Was it because that is the current price now? No it can't be, because if that was the case they would have sold it earlier for more money. They sold it because to them it lost value. The use of the item for them is only worth 2 mil. So in that respect, yes it has dropped. Really nothing changed as to what you were saying, I just think it seems slightly different (but that might just be me : ).

 

 

 

In my case with the Saradomin Godsword I have, is it really fair to say I lost cash value on it? I got it for free (essentially) and never intended to sell. Anything I sell it for is still profit. Yes I could have got 67mil more for it than I could now, but then I would not of had the item for the time frame that I had it. Don't get me wrong, I do agree with what you are saying, I just think of it from a different perspective.

[compfreak847]

We seem to have two seperate arguments here:

 

#1: The item is still worth the same to you

 

#2: The item is still the same cash value (money).

 

 

 

#1 is correct; just because the amount of currency assigned to the item has dropped, it doesn't make it any less useful to you.

 

 

 

#2, however, is incorrect. As mentioned before, money is the cash value assigned to an item - if that cash value goes down, so does the money. As such, you have lost money.

 

That is a reasonable way to sum it up. However think of it this way (using same example with Whip that people have been using, but different view). You buy the Whip for 40 mil, hence you were willing to pay that much (maybe even higher), hence you value you it as at least 40 mil. It drops to 2 mil. Your point is the cash value of this item has dropped 38 mil which is true enough. If the player sells it for 2mil, yes they lost money. However, ask yourself, why did they sell it for 2mil? Was it because that is the current price now? No it can't be, because if that was the case they would have sold it earlier for more money. They sold it because to them it lost value. The use of the item for them is only worth 2 mil. So in that respect, yes it has dropped. Really nothing changed as to what you were saying, I just think it seems slightly different (but that might just be me : ).

 

 

 

In my case with the Saradomin Godsword I have, is it really fair to say I lost cash value on it? I got it for free (essentially) and never intended to sell. Anything I sell it for is still profit. Yes I could have got 67mil more for it than I could now, but then I would not of had the item for the time frame that I had it. Don't get me wrong, I do agree with what you are saying, I just think of it from a different perspective.

 

What you say is true, but how you obtain an item or what you do with it has no effect on the item's monatary value; just because you got that hilt virtually free doesn't mean it's worth any less then a hilt bought on the GE for 60m. So from a philosophical\sentimental argument, your not really losing anything - but from a practical standpoint, no matter how you word it, you've lost money.

[sees_all1]

You can balance that lost with the "experience of having that item" brought you, but you cannot possibly tell us that your santa hat has a value of 21m.

 

I can tell you my santa hat has a value to me of 21m - I will not sell it for less.

 

Once again - what is something worth?

 

I may never sell my santa hat, but I haven't lost anything, 'cept maybe the opportunity cost.

 

In finances and accounting, managers have to re-evaluate their assets based on market fluctuations to give a realistic view of the value of their companies and write off assets which value has dropped to zero. No matter how sentimental you may feel towards your first computer, the truth is, it's already lost most of its value. The same applies in RS.

 

What is a market? Its where people get together and decide what they're willing to pay for things. What is a stock worth? Well, whatever someone is willing to pay for it, and someone is willing to sell it for. If a company goes bankrupt, it's stock price will plummet to 0. Why? Its because its worth whatever someone is willing to pay for it, and a bankrupt company has little to no value.

[compfreak847]

You can balance that lost with the "experience of having that item" brought you, but you cannot possibly tell us that your santa hat has a value of 21m.

 

I can tell you my santa hat has a value to me of 21m - I will not sell it for less.

 

Once again - what is something worth?

 

I may never sell my santa hat, but I haven't lost anything, 'cept maybe the opportunity cost.

 

In finances and accounting, managers have to re-evaluate their assets based on market fluctuations to give a realistic view of the value of their companies and write off assets which value has dropped to zero. No matter how sentimental you may feel towards your first computer, the truth is, it's already lost most of its value. The same applies in RS.

 

What is a market? Its where people get together and decide what they're willing to pay for things. What is a stock worth? Well, whatever someone is willing to pay for it, and someone is willing to sell it for. If a company goes bankrupt, it's stock price will plummet to 0. Why? Its because its worth whatever someone is willing to pay for it, and a bankrupt company has little to no value.

 

Exactly! The GE price is the measure of that. Do yourself a favor and look up the definition of money: http://en.wikipedia.org/wiki/Money. It has nothing to do with how much that item is worth to you; that's sentimental value. It has to do with others are willing to buy it from you for. If that company goes belly under and you own stocks that were worth, say, 40$ apiece, but no one will buy them any more, are they still worth 40$ if you want them to be? No!

[sees_all1]

Exactly! The GE price is the measure of that. Do yourself a favor and look up the definition of money: http://en.wikipedia.org/wiki/Money. It has nothing to do with how much that item is worth to you; that's sentimental value. It has to do with others are willing to buy it from you for. If that company goes belly under and you own stocks that were worth, say, 40$ apiece, but no one will buy them any more, are they still worth 40$ if you want them to be? No!

 

compfreak, I think I've been agreeing with you all along, except you didn't like my examples.

 

However, you believe that your stuff's worth is what other people value it at, and I believe that my stuff is worth at what I value it at. Big difference, but I'm glad to see you understand my view.

[Troacctid]

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*

 

*notices*

 

 

 

See, you're all wrong. You got no idea what the original post was about. :-w

[langer]

You can balance that lost with the "experience of having that item" brought you, but you cannot possibly tell us that your santa hat has a value of 21m.

 

I can tell you my santa hat has a value to me of 21m - I will not sell it for less.

 

Once again - what is something worth?

 

I may never sell my santa hat, but I haven't lost anything, 'cept maybe the opportunity cost.

 

In finances and accounting, managers have to re-evaluate their assets based on market fluctuations to give a realistic view of the value of their companies and write off assets which value has dropped to zero. No matter how sentimental you may feel towards your first computer, the truth is, it's already lost most of its value. The same applies in RS.

 

What is a market? Its where people get together and decide what they're willing to pay for things. What is a stock worth? Well, whatever someone is willing to pay for it, and someone is willing to sell it for. If a company goes bankrupt, it's stock price will plummet to 0. Why? Its because its worth whatever someone is willing to pay for it, and a bankrupt company has little to no value.

 

It would be really funny to see the former CEO of Enron make a speach to the investors saying don't panic even though no one will buy your stock, they have a sentimental value of 1 mil each and you are all rich! The example of a company going bankrupt is the same to a rare plummeting to low value. If noe one is willing to pay that sentimental value of your santa hat, then you have no hope of getting back the GOLD COINS you paid. If you are willing to pay 21 millions for a santa hat, I'll be glad to sell a ton of those. If you are not willing to buy another santa hat for 21 millions, then Santa hats are not worth 21 mil to you. If you are willing to pay market price for a santa hat then, the value of all santa hats to you is market price. And with the introduction of the G.E., the price your willing to pay is related to the market price and the 5% higher and lower.

[bedman]

You can balance that lost with the "experience of having that item" brought you, but you cannot possibly tell us that your santa hat has a value of 21m.

 

I can tell you my santa hat has a value to me of 21m - I will not sell it for less.

 

Once again - what is something worth?

 

I may never sell my santa hat, but I haven't lost anything, 'cept maybe the opportunity cost.

 

In finances and accounting, managers have to re-evaluate their assets based on market fluctuations to give a realistic view of the value of their companies and write off assets which value has dropped to zero. No matter how sentimental you may feel towards your first computer, the truth is, it's already lost most of its value. The same applies in RS.

 

What is a market? Its where people get together and decide what they're willing to pay for things. What is a stock worth? Well, whatever someone is willing to pay for it, and someone is willing to sell it for. If a company goes bankrupt, it's stock price will plummet to 0. Why? Its because its worth whatever someone is willing to pay for it, and a bankrupt company has little to no value.

 

It would be really funny to see the former CEO of Enron make a speach to the investors saying don't panic even though no one will buy your stock, they have a sentimental value of 1 mil each and you are all rich! The example of a company going bankrupt is the same to a rare plummeting to low value. If noe one is willing to pay that sentimental value of your santa hat, then you have no hope of getting back the GOLD COINS you paid. If you are willing to pay 21 millions for a santa hat, I'll be glad to sell a ton of those. If you are not willing to buy another santa hat for 21 millions, then Santa hats are not worth 21 mil to you. If you are willing to pay market price for a santa hat then, the value of all santa hats to you is market price. And with the introduction of the G.E., the price your willing to pay is related to the market price and the 5% higher and lower.

 

Nice one, you've got him cornered :-)

[compfreak847]

Exactly! The GE price is the measure of that. Do yourself a favor and look up the definition of money: http://en.wikipedia.org/wiki/Money. It has nothing to do with how much that item is worth to you; that's sentimental value. It has to do with others are willing to buy it from you for. If that company goes belly under and you own stocks that were worth, say, 40$ apiece, but no one will buy them any more, are they still worth 40$ if you want them to be? No!

 

compfreak, I think I've been agreeing with you all along, except you didn't like my examples.

 

However, you believe that your stuff's worth is what other people value it at, and I believe that my stuff is worth at what I value it at. Big difference, but I'm glad to see you understand my view.

 

OK, I see what you mean. The problem is that the OP is obviously referring to the former. You are losing money; you aren't losing sentimental value. You have lost 38m GP, irregardless of what the whip is worth 'to you'. Your losing in game money when it drops; that has nothing to do with how much YOU think it is worth.

 

 

 

@Langer: Gratz on using a better example then I could think of. You accountants are good at that :P

[Moad14]

If you are willing to pay 21 millions for a santa hat, I'll be glad to sell a ton of those. If you are not willing to buy another santa hat for 21 millions, then Santa hats are not worth 21 mil to you.

 

Nice one, you've got him cornered :-)

Mmm, not quite. You forgot about marginal utility. While one santa hat can be worth 21m, what good is a second unless he is Zaphod Beeblebrox?

[JohnPax]

I would say that with an Item like the whip that can be used always and should be always kept in your bank (in my opinion) what you pay for it is not the same as what it's worth.

[sees_all1]

It would be really funny to see the former CEO of Enron make a speach to the investors saying don't panic even though no one will buy your stock, they have a sentimental value of 1 mil each and you are all rich!

 

Not the same as what I was saying - no one should determine what you value something at.

 

If you are not willing to buy another santa hat for 21 millions, then Santa hats are not worth 21 mil to you.

 

I only need one santa hat... and my GP would be better served with a few h'ween masks. That's marginal utility - but another point is that I could have an extra 14m in the bank, that I could invest with; and my santa hat is worth to me that 14m + the opportunity cost of that 14m... I'd say in 6 weeks time if I took the 14m, I could have realistically made an extra 7m. There are more and different directions I could take this in, but I'm just going to leave it there.

 

 

 

If you are willing to pay market price for a santa hat then, the value of all santa hats to you is market price.

 

True - but if I was willing to pay more than market price, then the value of my santa hat is more than market price, and I'd have gotten a good deal. It also means I wouldn't sell it for market price.

 

 

 

And with the introduction of the G.E., the price your willing to pay is related to the market price and the 5% higher and lower.

 

No, you are wrong. I hate having to repeat myself, but what is an item worth at any particular point in time? Its whatever someone is willing to pay for it. On the GE, you can't freely sell some items, like willow logs, rune warhammers, etc. Why? Its because no one values willow logs at 18gp, no one is willing to pay 18gp for it. The GE price doesn't accurately reflect what people are willing to pay for these items.

 

 

 

The price I am willing to pay can be unrelated to the GE price. If I think a yellow P-hat isn't worth 90.7M, I'm not going to buy it. If everyone thought that a yellow P-hat is worth 80M, and the GE had the price at 90M, the price would never come down because the only way that people would be able to exchange yellow P-hats is through junk trades.

[langer]

If you are willing to pay 21 millions for a santa hat, I'll be glad to sell a ton of those. If you are not willing to buy another santa hat for 21 millions, then Santa hats are not worth 21 mil to you.

 

Nice one, you've got him cornered :-)

Mmm, not quite. You forgot about marginal utility. While one santa hat can be worth 21m, what good is a second unless he is Zaphod Beeblebrox?

 

 

 

True, except that the marginal utility of a 2nd santa hat is practically the same as the first one. A rare will not provide extra income (at least not these days) as their primary fonctions are looks (and status) and as investments. Since the introduction of the G.E., all rares have dropped a lot so anyone buying them as investment either wants the looks and status over the cost (or lower value if you will) or believes they have reached the bottom and can only go up (speculation).

[langer]

Not the same as what I was saying - no one should determine what you value something at.

 

no one should, but in a "free" market that's what happens. You can believe all you want that your santa hat is worth 21 mil, no one would ever offer you that unless the market evolves in this direction.

 

 

 

I only need one santa hat... and my GP would be better served with a few h'ween masks. That's marginal utility - but another point is that I could have an extra 14m in the bank, that I could invest with; and my santa hat is worth to me that 14m + the opportunity cost of that 14m... I'd say in 6 weeks time if I took the 14m, I could have realistically made an extra 7m. There are more and different directions I could take this in, but I'm just going to leave it there.

 

I agree with you that more than one santa hat is un-needed (unless you plan on investing which i don't recommend). So what you're saying is that your santa hat is worth the market price + the amount you lost since you bought it? As for making any money, I don't know how it relates to your santa hat... I make money every time I log in the game and my rares have absolutely no effect in the process...

 

True - but if I was willing to pay more than market price, then the value of my santa hat is more than market price, and I'd have gotten a good deal. It also means I wouldn't sell it for market price

 

I seriously wish you'd talk to me anytime you want to buy something OVER market price, I think I could make lots of money from you...But seriously, aside 3rd age and D claws, who would buy anything over market price? especially with items that have a continous trend of dropping

 

 

 

No, you are wrong. I hate having to repeat myself, but what is an item worth at any particular point in time? Its whatever someone is willing to pay for it. On the GE, you can't freely sell some items, like willow logs, rune warhammers, etc. Why? Its because no one values willow logs at 18gp, no one is willing to pay 18gp for it. The GE price doesn't accurately reflect what people are willing to pay for these items.

 

 

 

The price I am willing to pay can be unrelated to the GE price. If I think a yellow P-hat isn't worth 90.7M, I'm not going to buy it. If everyone thought that a yellow P-hat is worth 80M, and the GE had the price at 90M, the price would never come down because the only way that people would be able to exchange yellow P-hats is through junk trades

 

 

 

I agree with you that the mechanics of the GE is flawed and some items are wrongly priced. Junk trades and junk do not reflect the true value of some items. If you are willing to sell your santa hat for 21 mil, you are not gonna sell it. It may value 21 mil in your mind, but I can easily buy one for a lot cheaper. And it's the same santa hat. It may not be the one in your bank, but it has the same stats and looks and it has a value of 14 mil.

 

 

 

Okay here's my explanation to your title : If you bought a rare 6 months ago and it has dropped in value on the market by 6 mil, the cost of keeping that rare in your bank for 6 months is 6 mil. You lost a potential of 6 mil by keeping it. If you bought that rare for 25 mil 6 months ago and put it in a dark corner of your bank and plan on never wear it, look at it or even sell it, then that cost is 25 mil. That's gold coins you could never get back (if you force yourself to never sell it) and in sum - money lost.

 

If you take for example a useable item like a GS or a whip, the equation is different because the drop in value is balanced against the XP gain and monetary gain with the new (and hopefully better) item.

[Moad14]

Okay here's my explanation to your title : If you bought a rare 6 months ago and it has dropped in value on the market by 6 mil, the cost of keeping that rare in your bank for 6 months is 6 mil. You lost a potential of 6 mil by keeping it. If you bought that rare for 25 mil 6 months ago and put it in a dark corner of your bank and plan on never wear it, look at it or even sell it, then that cost is 25 mil. That's gold coins you could never get back (if you force yourself to never sell it) and in sum - money lost.

 

That's good, but that's not losing money, that's losing potential money. However, since many santa hat owners have no intention to sell theirs it is irrelevant. One can not discount sentimental value either. My most prized possession is a tan cavlier actually; I wore it for two years straight and had a lot of good times while wearing it. While to most people my hat is only worth the Grand Exchange price, I wouldn't part with it for any less than 100m. I am not joking.

 

One can not definitively say what an item is worth.

[langer]

So basically, my bank is worth 167 bil based on my sentimental value of the items I have? This is as wrong as saying your Tan Cav has a value of 100 mil... If one cannot definitively say what an item is worth... then you cannot say what your item is valued at. So following that chain of thought, a Santa Hat paid 21 mil has an unknown value? I say that people that bought santa hats lost money because they have absolutely no chance of getting back the full value they paid their rare unless the market turns around. Their overall bank value has dropped accordingly to the drop in value of their rare.

 

 

 

They have less GPs than before they bought the rare and have a less potential GPs if they sold today. That means they have lost money. If you value the time you hold that item more than the drop in value (or potential drop if you are looking to buy) then that equation is irrelevant. But you lost money (or value) in exchange for the fun of having that item.

[Moad14]

So following that chain of thought, a Santa Hat paid 21 mil has an unknown value?

 

That is correct. Gold is not hard to earn, so there are more important ways to value one's possessions.

 

I may sound like a broken record, but coins =/= value.

[bedman]

You really, really, cant factor in sentimental value....

 

 

 

"I got this love letter from my first girlfriend and it's worth 1B to me". That's nice, but not for me, not for anyone but you.

 

 

 

So if that is all what you can bring, then this is /thread. No use to discuss this further, since you cant.

 

 

 

However, you did loose REAL value, wether you want it or not. (talking about santas again, or whatever, not love letters).

[langer]

So following that chain of thought, a Santa Hat paid 21 mil has an unknown value?

 

That is correct. Gold is not hard to earn, so there are more important ways to value one's possessions.

 

I may sound like a broken record, but coins =/= value.

 

 

 

Not a broken record... a stubborn and faulty record. Coins are the monetary exchange items is RS. How do you value one's possessions then if not by their value in coins? What is the worth of my 69M GPs? Lots of items in RS are not hard to earn, they still have a value according to the market (supply and demand) except most quest items. Can you show me a "more important way" to value your possessions?

[sees_all1]

Not a broken record... a stubborn and faulty record. Coins are the monetary exchange items is RS. How do you value one's possessions then if not by their value in coins? What is the worth of my 69M GPs? Lots of items in RS are not hard to earn, they still have a value according to the market (supply and demand) except most quest items. Can you show me a "more important way" to value your possessions?

 

 

 

Like I told you before, I value my santa hat at 21m. The market values it somewhere near 14m. If the price of santa hats ever goes above 21m, I will sell my santa hat, because I don't value it more than 21m. Pretty simple really.

 

You could also value it against other items too - I figure a santa hat is worth about as much as a h'ween mask, both are probably rare to the same extent, and provide the same amount of utility. Some people might value a red h'ween mask more than a santa, and therefore would trade a santa + coins for a red h'ween mask.

 

 

 

The point of money is a medium which easily exchanges between commodities. Makes it easier for trade to happen.

 

If someone said to me, I'll give you 21m for your santa hat, I'd be like, sure. But since it isn't possible for that to happen anymore, I'll be hanging on to it for at least another 9-10 months.

[Moad14]

Not a broken record... a stubborn and faulty record. Coins are the monetary exchange items is RS. How do you value one's possessions then if not by their value in coins? What is the worth of my 69M GPs? Lots of items in RS are not hard to earn, they still have a value according to the market (supply and demand) except most quest items. Can you show me a "more important way" to value your possessions?

 

Sentimental values, usefulness, stylishness, bragging rights, and other such values count as well. Do you value your home at only its monetary value in real life? Would you not also consider the countless hours invested in upkeep and shopping for furniture, the location and convenience, and the memories you created in your home as well as the actual cash value? Often you'll hear stories of developers trying to buy a farmer's land to build a mall, et cetera, and he won't accept even fantastic offers. His family has farmed that land for generations, and he doesn't value it in solely monetary terms.

[langer]

Like I told you before, I value my santa hat at 21m. The market values it somewhere near 14m. If the price of santa hats ever goes above 21m, I will sell my santa hat, because I don't value it more than 21m. Pretty simple really.

 

You could also value it against other items too - I figure a santa hat is worth about as much as a h'ween mask, both are probably rare to the same extent, and provide the same amount of utility. Some people might value a red h'ween mask more than a santa, and therefore would trade a santa + coins for a red h'ween mask.

 

 

 

The point of money is a medium which easily exchanges between commodities. Makes it easier for trade to happen.

 

If someone said to me, I'll give you 21m for your santa hat, I'd be like, sure. But since it isn't possible for that to happen anymore, I'll be hanging on to it for at least another 9-10 months

 

 

 

So you wish for the market to ajust to your value of your santa. With the introduction of the GE, estimating value of items are based on the market price. If the market goes up to your sentimental value, then you will not have lost any money. In the meantime, you have indeed lost that money (cost of holding the item).

 

 

 

Sentimental values, usefulness, stylishness, bragging rights, and other such values count as well. Do you value your home at only its monetary value in real life? Would you not also consider the countless hours invested in upkeep and shopping for furniture, the location and convenience, and the memories you created in your home as well as the actual cash value? Often you'll hear stories of developers trying to buy a farmer's land to build a mall, et cetera, and he won't accept even fantastic offers. His family has farmed that land for generations, and he doesn't value it in solely monetary terms

 

 

 

Yeah but that's not an example that fit the situation. Your santa hat and my santa have the same characteristics... If I were to trade my santa hat to you in a trade for your santa hat, you'd end up with the same item. What I tell you is that the cost of bragging rights, stylishness...etc... is the drop in value. If the item rose in value... then you got profit and not cost.