Buying rate/limit for GE

[n64jive]

Decided we should have a list of items that are way under. Maybe this will elevate the issue.

[bmnp]

I don't usually reach the limit. When I do, it's when I'm buying a huge amount of the item that I'm stocking up on and not planning to use immediately. I think the last time I couldn't get enough of an item was in 2009 when I was buying iron platebodies to make iron titans.

 

I voted leave it alone. Decreasing would be better than increasing for most items. There are a few certain items which it would be fine to increase.

[pulli23]

Ok, what do you propose? A return to Falador park?

Yes, what was wrong with that?

 

Fallador park + (fansite) forums to trade worked very well!

 

As a player dating back to 2002, my opinion is that the GE works MUCH better. Maybe a little bit of regulation isn't a bad thing, but when i can cut 500 diamonds in 10 minutes, and then have to wait another 230 minutes before I can buy more. It becomes a pain in the ass. These limits are set to combat price manipulation, not hinder the use of the GE for normal players. In terms of you're items falling in price, that's economics bro. Get use to it, as you'll find it happens to ALMOST everything you buy in real life.

In real life if I'm on holiday for half a month prices don't drop by 50%..

 

Maybe they do at the dow jones, however there's a lot betweenme & the people there. Goverments protect people from hyper inflation/deflation, markets are closed if there's a panic thanks to a certain unforeseen event. Companies can't just change consumer prices: once they advertise with a price they have to keep it at that price.

 

I have no problem with changing prices: I do have a problem when the prices change so fast & quickly as in runescape!

[Alphanos]

[hide=Quote Tree]

Ok, what do you propose? A return to Falador park?

Yes, what was wrong with that?

 

Fallador park + (fansite) forums to trade worked very well!

 

As a player dating back to 2002, my opinion is that the GE works MUCH better. Maybe a little bit of regulation isn't a bad thing, but when i can cut 500 diamonds in 10 minutes, and then have to wait another 230 minutes before I can buy more. It becomes a pain in the ass. These limits are set to combat price manipulation, not hinder the use of the GE for normal players. In terms of you're items falling in price, that's economics bro. Get use to it, as you'll find it happens to ALMOST everything you buy in real life.

In real life if I'm on holiday for half a month prices don't drop by 50%..

 

Maybe they do at the dow jones, however there's a lot betweenme & the people there. Goverments protect people from hyper inflation/deflation, markets are closed if there's a panic thanks to a certain unforeseen event. Companies can't just change consumer prices: once they advertise with a price they have to keep it at that price.

 

I have no problem with changing prices: I do have a problem when the prices change so fast & quickly as in runescape!

[/hide]

 

Markets get closed if there are major, widespread economic events which are expected to cause a majority of stocks to fall by like 25% in an hour or two. I doubt this has ever happened in Runescape, though it's true that I doubt Jagex would do anything if it did. However, it's entirely possible for a real-life stock to lose half its value in only a couple of weeks without watching. Not common, but ... it depends on market factors.

 

Although you haven't provided many details, I gather that you've lost some substantial portion of your in-game wealth. I do sympathize, but there's no reason to believe anything would have been different without the grand exchange. You're incorrect in believing that the grand exchange causes or increases price drops.

[n64jive]

Look at the food market. Specifically produce. Prices are always fluctuating, often doubling or halving in price within a couple of weeks. At least when you buy a consumer good on runescape, it doesn't immediately drop 25% in price (which is mainly due to their is no such thing as used/new in runescape).

 

And the reason prices fluctuate so rapidly is because the information of the price of an item is always given to us. If i'm trying to sell something, and it doesn't sell for a couple of hours, I can lower the price, and vice versa. If for some reason the market seems to be dead for an item, it causes kind a snowball effect. The buyer always buy's for 5% less, and the seller has to constantly lower his price, as the dropping guide prices cause 5% less to be a lower value every day.

 

Now back before the GE, this information wasn't so readily available. Instead, players often just "knew" the prices of things. And this made life easier for everyone, so this "guide price" was often set in stone for months at a time. If jagex only updated the guide price every month, there would very little price fluctuation (however markets would become stale/saturated and no one would be able to see it coming).

 

Regardless, if you compare Jagex's GE graphs to real world stock exchange graphs, you notice the same trends. High volume items go through rapid changes, low volume items tend to change very little. It's all just simple economics. If you can't stand to see your items halve in price(the only ones that do this are raw materials aka produce) sell them if you don't immediately plan to use them. Don't [bleep] when it doubles in price because of some Jagex update (although this is less likely, so selling immediately is usually the better option).

[pulli23]

Look at the food market. Specifically produce. Prices are always fluctuating, often doubling or halving in price within a couple of weeks.

Where do you live?

 

Last time I went to the bakery a bread was 2.30. - And that's the same price since the start of the year!

[LitterBug]

Look at the food market. Specifically produce. Prices are always fluctuating, often doubling or halving in price within a couple of weeks.

Where do you live?

 

Last time I went to the bakery a bread was 2.30. - And that's the same price since the start of the year!

 

Lol? Have you ever gone shopping for fruits/vegetables/meat?

The prices of these perishable goods are subject to change based daily. It's not uncommon to see something raise 50% in the course of a few days or so.

 

I mean obviously for items that aren't affected so much by weather, crops, etc - the prices aren't going to change much if at all.

What did you think that a Big Mac costs 5 dollars today and tomorrow 7?