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The grand exchange


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24 replies to this topic

Poll: Yes or no? (42 member(s) have cast votes)

Should the GE still have market prices?

  1. Yes (25 votes [59.52%] - View)

    Percentage of vote: 59.52%

  2. Voted No (17 votes [40.48%] - View)

    Percentage of vote: 40.48%

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#1
DefenceNOOB4RS
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DefenceNOOB4RS

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I really have to say that the wildie update wasnt bad at all. I enjoy the ability to trade freely and pk in the wild at my whims, but the ge is dying a slow and painful death. The ge needs a market system still. Nobody can sell or buy ANYTHING on the ge anymore, the runescape ecominmy needs stability and the ge needs it's market system back..

#2
Synthox
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It's fine the way it is. I have no problems buying or selling anything.



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#3
Bladewing
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1. it still has market prices listed (although they may not be accurate)
2. you can sell stuff in the ge, you are just asking too much
3. you can buy stuff in the ge, you are just offering too little

btw no one takes your economic analysis seriously when you spell it "ecominmy"

#4
DefenceNOOB4RS
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DefenceNOOB4RS

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1. it still has market prices listed (although they may not be accurate)
2. you can sell stuff in the ge, you are just asking too much
3. you can buy stuff in the ge, you are just offering too little

btw no one takes your economic analysis seriously when you spell it "economy"


Spelling nazis...they have arrived.

In all seriousness when i try to buy/sell at the guided price it is rediculous how little things go through. I'm still waiting for my ess to go through at it's guide price,
2. You can sell stuff in the ge, you are just asking too much.
Bull(insert profane word here) Since when are runes selling at 3gp a piece? I thought so
3. You can buy stuff in the ge, you are just offoring too little
Since when is offering 5k for an anchovie pizza to little? Exactly, the economy in rs is messed, with the options to sell and buy at one's demand nobody will be able to buy stuff for cheap, while people selling stuff will have to keep on lowering their prices untill they are selling it for less than they would to a general store.

#5
All_Is_Great
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I bought 1k lobs for 122ea yesterday on my pure.

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#6
Lose No Hope
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1. it still has market prices listed (although they may not be accurate)
2. you can sell stuff in the ge, you are just asking too much
3. you can buy stuff in the ge, you are just offering too little

btw no one takes your economic analysis seriously when you spell it "economy"


Spelling nazis...they have arrived.

In all seriousness when i try to buy/sell at the guided price it is rediculous how little things go through. I'm still waiting for my ess to go through at it's guide price,
2. You can sell stuff in the ge, you are just asking too much.
Bull(insert profane word here) Since when are runes selling at 3gp a piece? I thought so
3. You can buy stuff in the ge, you are just offoring too little
Since when is offering 5k for an anchovie pizza to little? Exactly, the economy in rs is messed, with the options to sell and buy at one's demand nobody will be able to buy stuff for cheap, while people selling stuff will have to keep on lowering their prices untill they are selling it for less than they would to a general store.

Blade was simply pointing out an obvious mistake in what is one of the key words in the entire rant. Showing one correction doesn't make someone a grammar nazi.

You have a few options when it comes to the trade prices for items.
  • Give the market a week or so to begin to stabilize.
  • Not sell/buy anything until the market stabilizes.
  • Deal with it.
Did you honestly think that the biggest economic change since the removal of free trade and the implementation of the G.E. wouldn't have any impact on the prices of things?


#7
Bladewing
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I'm still waiting for my ess to go through at it's guide price,

mistake #1: the guide price is not necessarily the true market price.

2. You can sell stuff in the ge, you are just asking too much.
Bull(insert profane word here) Since when are runes selling at 3gp a piece? I thought so

since the price floor was removed. i bought fire runes yesterday for 3gp each.

3. You can buy stuff in the ge, you are just offoring too little
Since when is offering 5k for an anchovie pizza to little?

since the old wilderness came back and EVERYONE has the exact same idea as you - buy anchovy pizzas to go pking. did you know that increased demand causes higher prices?

Exactly, the economy in rs is messed

no it's not

with the options to sell and buy at one's demand nobody will be able to buy stuff for cheap

you are not entitled to getting stuff for cheap instantly. if you don't like paying a lot, be patient knowing that there are others who are outpaying you. if you don't like being patient, suck it up and fork over the dough. if you dislike both, go make your own damn pizzas, the ge is not a store.

while people selling stuff will have to keep on lowering their prices untill they are selling it for less than they would to a general store.

if you don't like waiting to sell stuff, lower your asking price. if you don't like lowering your price, be patient knowing that there are others who are undercutting you. if you dislike both, maybe you should just sell it to the general store.

#8
Deltaer
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I haven't logged in to try out the new g/e, but the only issue I could see with the g/e is the time lag to reflect new prices. I.e. it updates only once a day.

But if anything, it is MORE economically efficient than before, as it actually reflects the true price of an item, without putting a floor or ceiling - thus limiting the magnitude an item can rise/fall. It also facilitates for efficient trade - no horrendous transaction costs which would be the case standing in world 2 and shouting "selling" something for an hour... huge opportunity cost.

Basically, the g/e this way actually reflects the TRUE MARKET PRICE - and is thus efficient. NO QUESTION ABOUT IT.
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#9
Sir_Squab
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I haven't logged in to try out the new g/e, but the only issue I could see with the g/e is the time lag to reflect new prices. I.e. it updates only once a day.

But if anything, it is MORE economically efficient than before, as it actually reflects the true price of an item, without putting a floor or ceiling - thus limiting the magnitude an item can rise/fall. It also facilitates for efficient trade - no horrendous transaction costs which would be the case standing in world 2 and shouting "selling" something for an hour... huge opportunity cost.

Basically, the g/e this way actually reflects the TRUE MARKET PRICE - and is thus efficient. NO QUESTION ABOUT IT.


I really, really doubt that. You know, between updating once a day, and keeping the 5% cap on how much the "guide" price can rise/fall in that day. The average price an item buy/sells for does reflect the actual market place, yes, but in some cases that could be very difficult going just by the GE.

Still, more bloody efficient then junk trading. And the GE again beats the hell outta having a spamfest trying to sell items. All things considered however, the OP was close to the mark when he said the economy is messed; due to free trade just being implemented, PK'ing coming back and affecting the price of a large amount of items.... Not to mention old players returning to RS, although this would mainly apply to old rare-owners returning to RS.....it's very chaotic at the moment. Should settle down eventually.

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#10
dargonhuman
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I have no problems buying or selling the things I normally trade at the same, or nearly the same, prices as before the update. Though, the things I normally trade in aren't directly related to the PK update, so the chaos probably hasn't hit my corner of the market.
Still, it's only been like 3 days since the update. Chill out and give things time to settle down. EVERYONE's going crazy right now figuring out how to adapt to the new system (or re-adapt for the pre-GE veterans) and it's going to take a few weeks for prices to stabilize as buyers and sellers find a reasonable compromise.
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#11
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#12
foursideking
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The ge is truly annoying though due to the way it is built. Let's say fire runes are at 5gp ea. Due to the rules, they can't increase or decrease in price, as even w/ an increase to 6gp, they'd be going up in price by 20%, 15 more than the maximum allowed.
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#13
DefenceNOOB4RS
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I do agree with you blade, the guided price is pretty inaccurate and it is true that people are overcutting me and undercutting me when i comes to the buying/selling aspect. The economy is wierd but not messed up, it will rebalence and hopefully people will be selling/buying within the guide prices.

But you didn't have to be such a trololol about it. X_X

#14
Pluckey
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I do agree with you blade, the guided price is pretty inaccurate and it is true that people are overcutting me and undercutting me when i comes to the buying/selling aspect. The economy is wierd but not messed up, it will rebalence and hopefully people will be selling/buying within the guide prices.

But you didn't have to be such a trololol about it. X_X



Blade ALWAYS seems to be like that.

#15
gspbeetle
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The ge is truly annoying though due to the way it is built. Let's say fire runes are at 5gp ea. Due to the rules, they can't increase or decrease in price, as even w/ an increase to 6gp, they'd be going up in price by 20%, 15 more than the maximum allowed.


Not too sure which rule are you refering to, it seems that GE can go more than 5% in a day.
From what we know now, GE price have hidden decimal points, the quantity quota is still in effect and price sniping is still in effect (exact price prioritise over out-biding).

#16
swagcake
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I haven't logged in to try out the new g/e, but the only issue I could see with the g/e is the time lag to reflect new prices. I.e. it updates only once a day.

But if anything, it is MORE economically efficient than before, as it actually reflects the true price of an item, without putting a floor or ceiling - thus limiting the magnitude an item can rise/fall. It also facilitates for efficient trade - no horrendous transaction costs which would be the case standing in world 2 and shouting "selling" something for an hour... huge opportunity cost.

Basically, the g/e this way actually reflects the TRUE MARKET PRICE - and is thus efficient. NO QUESTION ABOUT IT.

why do "retired" players still go on tip.it forums?
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#17
Bladewing
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why do "retired" players still go on tip.it forums?

friends & community, they often still use off-topic

still clueless why they browse runescape subforums though.

#18
Shadow37
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why do "retired" players still go on tip.it forums?

friends & community, they often still use off-topic

still clueless why they browse runescape subforums though.


Probably b/c they're interested in what people are saying about RS w/o having to go to the clusterbeep that is RSOF.
But I kinda agree, still weird.

#19
Quenya
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I've seen the slight effect of the Runescape "economy", I have tried to buy a few basics without anything selling. I had to buy 4000 dragons bones today, they would only sell for 6.7-7.0k...... The listing price is only around 6.0k

So I can agree a little with DefenceNOOB4RS, but let's hope with free trade back things will be easier, and it will be more fun & interesting to trade again, bargain, merch.

Thanks,

Quenya

#20
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I bought 1k lobs for 122ea yesterday on my pure.

Coulda had em for 97gp ea.
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