Pray pots...

[Zamorakshadow]

Not only merch clans continue destroy the economy... They decided to annoy EVERYONE by making impossible to buy p pots and driving their price up...

 

 

 

Seriously, WHAT?!

 

 

 

They just HAD to merch one of the most important items in the game. Are they doing this for money or "for the lulz"?

 

 

 

Yeah, we can make our potions ourselves, but, should we have to just because some jerks decided to abuse a flaw in the ge? >.>

 

 

 

If Jagex forced pray pot price down, i would applaud. Heck, if they did that to all items that are being merched, it would be great >.>

[LatinII]

I agree. This is VERY annoying and it's getting way out of control -.-

[Karvinen]

Shortages are caused by the price limits, not by price manipulators. If there was no limits, there would be no shortages, as the price will always rise to the equilibrium point immediately. When price increases, the supply will increase too. If the price is restricted from rising, it restricts the supply from rising too -> shortage.

 

 

 

Non-restricted prices:

 

 

 

supply:

 

||||||||||||||

 

demand:

 

|||||||||||||| (i.e. with correct prices, supply equals demand)

 

 

 

Restricted prices:

 

 

 

(too low price limit)

 

supply:

 

|||

 

demand:

 

||||||||||||||||||||

 

 

 

(too high price limit)

 

supply:

 

||||||||||||||||||||

 

demand:

 

|||

[LatinII]

Shortages are caused by the price limits, not by price manipulators. If there was no limits, there would be no shortages, as the price will always rise to the equilibrium point immediately. When price increases, the supply will increase too. If the price is restricted from rising, it restricts the supply from rising too -> shortage.

 

 

 

Non-restricted prices:

 

 

 

supply:

 

||||||||||||||

 

demand:

 

|||||||||||||| (i.e. with correct prices, supply equals demand)

 

 

 

Restricted prices:

 

 

 

(too low price limit)

 

supply:

 

|||

 

demand:

 

||||||||||||||||||||

 

 

 

(too high price limit)

 

supply:

 

||||||||||||||||||||

 

demand:

 

|||

 

 

 

Smokin Mils are merchanting prayer potions at the moment.

[All_Is_Great]

Shortages are caused by the price limits, not by price manipulators. If there was no limits, there would be no shortages, as the price will always rise to the equilibrium point immediately. When price increases, the supply will increase too. If the price is restricted from rising, it restricts the supply from rising too -> shortage.

 

 

 

Non-restricted prices:

 

 

 

supply:

 

||||||||||||||

 

demand:

 

|||||||||||||| (i.e. with correct prices, supply equals demand)

 

 

 

Restricted prices:

 

 

 

(too low price limit)

 

supply:

 

|||

 

demand:

 

||||||||||||||||||||

 

 

 

(too high price limit)

 

supply:

 

||||||||||||||||||||

 

demand:

 

|||

 

 

 

No, the fact your missing is this: merching clans continue to buy ppots at MAX price, this causes two things, 1. drives prices up non-stop, 2. buys out the supply for other people (though there will be ppots for others to buy, MOST of the supply is bought out by these clans).

[EpicWin]

The thing is that Jagex should just set the price themselves and not let it be manipulated by clans.

[forestfrolic]

Merchanting clans create an artificial demand, this manipulating the economy. Don't blame it on lack of supply.

[3hitm4g3u]

Merchanting clans = Not a big deal.

 

 

 

Price limits = Not a big deal.

 

 

 

Merchanting clans + Price limits = Eventual Armageddon.

[Zachneap]

Merchanting clans create an artificial demand, this manipulating the economy. Don't blame it on lack of supply.

 

Well suplly does have a deal to do with it. They are purchasing it faster than it can be entered into the market creating a lack of supply. When supply goes down demand goes up.

[Sir_Kurity]

Makes me glad im not p2p at the moment.

 

 

 

Good luck guys... Good luck.

[forestfrolic]

Merchanting clans create an artificial demand, this manipulating the economy. Don't blame it on lack of supply.

 

Well suplly does have a deal to do with it. They are purchasing it faster than it can be entered into the market creating a lack of supply. When supply goes down demand goes up.

 

When supply goes down, demand does not go up. Supply may go down due to high demand, but supply could also go down due to less people making the product, because the demand is low. What I'm saying is that the price hike of prayer potions is not to be blamed on the lack of supply.. it's to be blamed on the people making an artificial demand in pyramid schemes to make quick mils.

[Phrost]

I'm very annoyed by this myself. Luckily I have a stash of prayer pots saved up for rainy days like this. However, this doesn't change the fact that the price manipulators are frustrating most of us. I hope the bright minds at Jagex come up with a way to stop this or at least limit it because I can see this getting only worse and worse.

 

 

 

It takes a lot of fun out of the game if you can't do what you want to do because you can't get the neccessary items for it.

 

 

 

 

 

Surely something can be done to stop this?

[Georgelemmons]

Just buy/farm ranarrs and make prayer pots. Not too hard, and if you sell the extras while they're still rising you could make some great money.

[Zamorakshadow]

Just buy/farm ranarrs and make prayer pots. Not too hard, and if you sell the extras while they're still rising you could make some great money.

 

 

 

Seeds are bought out, Ranarrs problably are too. If your a higher level who does Barrows/Slayer/GWD/PKing a lot, it will take days to make enough potions to last a few hours.

 

 

 

Plus, should we HAVE TO make our potions ourselves because a small group of jerks decided to make a quick buck manipulating prices?

 

 

 

Jagex should start monitoring the clans and the ge, and everytime an item starts being merched, dump lots of thoose items in the and/or ge and drive the price down.

 

I like to think that players alone control the economy and i would hate to see them doing that, but, we gotta fight fire with fire. If the clans are gonna manipulate prices, Jagex should fight them manipulating prices.

 

 

 

If Jagex started doing that, it would not take long until they notice manipulating is making them loose money and quit. Plus, they should make Pmods able of muting merch clan advertisers in the ge and stop all that spam.

[All_Is_Great]

Just, wondering, what are sup restore prices?

[forestfrolic]

Just, wondering, what are sup restore prices?

 

Could have found out quicker if you just looked yourself. :)

 

 

 

http://itemdb-rs.runescape.com/frontpage.ws

[All_Is_Great]

Just, wondering, what are sup restore prices?

 

Could have found out quicker if you just looked yourself. :)

 

 

 

http://itemdb-rs.runescape.com/frontpage.ws

 

 

 

The reason i asked is because grand exchange often doesn't load on my computer. It gets a timeout error sometimes. Yet you just post a link :(

[Zachneap]

Just, wondering, what are sup restore prices?

 

Could have found out quicker if you just looked yourself. :)

 

 

 

http://itemdb-rs.runescape.com/frontpage.ws

 

 

 

The reason i asked is because grand exchange often doesn't load on my computer. It gets a timeout error sometimes. Yet you just post a link :(

 

As of right now the prices are 18.6k but why couldn't you look that up on tip.it?

 

http://www.tip.it/runescape/index.php?rs2item_id=1231

[All_Is_Great]

Just, wondering, what are sup restore prices?

 

Could have found out quicker if you just looked yourself. :)

 

 

 

http://itemdb-rs.runescape.com/frontpage.ws

 

 

 

The reason i asked is because grand exchange often doesn't load on my computer. It gets a timeout error sometimes. Yet you just post a link :(

 

As of right now the prices are 18.6k but why couldn't you look that up on tip.it?

 

http://www.tip.it/runescape/index.php?rs2item_id=1231

 

 

 

O hey, thanks! I never knew the tipit prices updated normally, but yeah, so they bought out sup restores too? I guess that also means snap seeds and ranarr seeds are bought out. :( I'm hoping they dont buy out kwuarms/ limps, because that's what im going to be farming :|

[Bassy]

It is getting quite out of hand. They're doing the same to Snapdragons at the moment, and while the harvest makes for big profit, 79k a seed is a bit steep, and considering that when they dump (both Snaps and Ranarrs) they'll totally ruin profitable herb farming, we're in for a problem with Farming for a while. Merchanting just isn't cool when it ruins part of a skill. :( Also, watch Dharok helms... I smell something funny with them at the moment.

[HeadBandit64]

I think that the merch clans arent the only thing affecting this particular aspect of the economy...

 

 

 

with school starting tomorrow, a lot of casual P2p members (those that buy members when they have the time and are typically not super high levels) are going back to F2p. these people would be the main ones doing things like flesh crawlers, basilisks, cockatrices, roaches and other easily accessible herb and seed drops. Meanwhile those that got very good at the game are sticking with members and are probably trying to buy pray pots (competing with merch clans) to do pk, gwd, and barrows.

 

 

 

I think that that along with the merching is driving up the price... I personally am getting a little tired of the merching because of the price disparity between stuff "nooby" like a granite body and "decent" like d chain. Maybe, just maybe this could even out. It will teach people to not only get some more of their own items but if enough people take advantage of the merching (lets use the ranarrs for example) and do things like flesh crawlers, the market will once again be flooded with ranarrs when everyone realizes the profit they can make.

 

 

 

Hopefully if the second part of that last paragraph comes into effect the market will bounce back down but whatever way it bounces, I'm sure its not going to be gentle

[Gin_and_Tonic]

Grand Exchange works alot like the real world...

 

 

 

Demand goes up, supply goes down.

 

Supply goes up, demand goes down.

 

 

 

This is the basic system the worlds economy works on...

 

 

 

Merchant clans buy up a certain item, effectively saturating the market... All new supply is being bought out by these clans, and therefore other players are losing out. The supply is low, demand is high, therefore the price drives... They hold onto these items will they're reading to 'dump' them, and this then meets the demand for all the pray pots... The left over ones are called 'excess' supply, which drives the price down.

 

 

 

The merchant clans are creating such a massive demand for the products, supply cannot keep up - originally, the price would have remained steady as day-to-day players and day-to-day skillers will have been working at an equilibrium.

 

Excess demand (which is what the clans are creating), where the supply cannot meet the demand, drives price up.

 

Excess supply (which is what happens when they dump), where the demand cannot meet the supply, drives the price down.

 

 

 

The Grand Exchange's dynamics are so simple, therefore it can easily be exploited.

[mara_planter]

Trylogy wrote: "Surely something can be done to stop this?"

 

 

 

There is something players can do.

 

 

 

The G.E. has become a fast, easy way for merchant clans to hoard items, driving the price up. One answer is to refuse to sell items on the G.E. that clans have targeted for price manipulation. Before the G.E., we all sold our goods by word of mouth. If those of us who sell (for example) prayer potions refuse to sell on the G.E., we can stop the clans cold. We can sell them in small batches to individual players, and we can even sell them at below market price, if we are feeling generous.

 

 

 

It is easy to say to oneself, "I worked hard to be able to make and sell prayer potions. Why should I not profit a bit from this?" The answer is that this kind of price manipulation will eventually hurt you. Maybe not today, and maybe not prayer potions, but someday it will be something you need or want in the game that will be targeted, and your ability to play the game will be blocked.

 

 

 

Each of us was at one time a low-level player. Most of us have been the recipient of some sort of charity. Not only is this a chance to pay forward for the blessings we have received, but a chance to build community, which is in our best interest.

 

 

 

Free markets only work when there are a large number of small players. When a small number of players (a cartel) is able to control the market, the system breaks down.

 

 

 

There is something Jagex can do.

 

 

 

When fulfilling trades, it can give priority to those who own small amounts of the commodity. This will make it more difficult to hoard items. I don't know if their back-engine can support this, so such a change may take them a while to implement.

 

 

 

~Mara

[JoeDaStudd]

I always have 10+ ranarr seeds in the bank so this is actually making me a lot of money right now. Each herb trip is netting me a nice profit (even with the costs of the seeds at 50k its a 100k+ profit).

 

Its like most buy outs, its only bad if you can't create the item yourself. Take the bunyip pouch buyout that happened, I simply created a few hundred pouches and made a killing.

 

 

 

Roll with the punches they'll drop like crazy soon enough.

 

 

 

Yes its annoying, but I'm glad its on a item that most players can create.

[All_Is_Great]

I always have 10+ ranarr seeds in the bank so this is actually making me a lot of money right now. Each herb trip is netting me a nice profit (even with the costs of the seeds at 50k its a 100k+ profit).

 

Its like most buy outs, its only bad if you can't create the item yourself. Take the bunyip pouch buyout that happened, I simply created a few hundred pouches and made a killing.

 

 

 

Roll with the punches they'll drop like crazy soon enough.

 

 

 

Yes its annoying, but I'm glad its on a item that most players can create.

 

 

 

But the fact that players that are hardcore GWD/ any other boss monster slayers will have to gather ingredients by themselves....

 

 

 

It will really p*ss those people off. Snape grass is easy to collect, but ranarrs.....