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INSANE prices on GTN


orangenee's Avatar


orangenee
09.24.2017 , 04:13 PM | #21
Quote: Originally Posted by MikeCobalt View Post
I never really understood *Why some put such Insane prices on items. A lot of these listing are so far up it seems they'll never be sold. With such a small Niche of players that even have those amounts let alone want that Specific item it seems listing those arn't really for selling purposes. If I list an item on the GTN its Priced to be sold so I can use that money on something I need; not priced to sit there.
The really funny thing about it is you see the same items listed for far less (though maybe still out of reach) next to the ridiculous prices.

I think it's just people with a different perspective on what cheap is based on their bank accounts. Like high rollers at casinos, they just don't think of throwing 100 million on a Craps table is a significant loss.
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MeNaCe-NZ's Avatar


MeNaCe-NZ
09.25.2017 , 05:56 PM | #22
Quote: Originally Posted by DeVanagloris View Post
BW can, and should, keep an eye on the GTN prices if not directly control them.

Direct sales and pack drop rates are the main problem. The game is suffering from uncontrolled inflation, and that is something capitalism and real countries always try to control thru different laws and measures, and same should be done in the game.

Let's talk for example, an Overlord's Command Throne (mount). In 2015, when i aquired mine, they were going for 10 mills IIRC. Right now, on TRE they are going for 70-80+ mills, an inflation rate of 800% in 2 years. This is the result of an uncontrolled economy with insignificant drop rates for gold and platinum items, and with not enough direct sales in both amount of items and frequency of the sales.

The result is the ridiculous prices we see right now. They can, and they should be controlled imo, otherwise the market is controlled by the select few who are lucky enough to get the items.

Anyone can charge what they want, and the seller is free to buy or not. But price competition is part of the free market when a good is available, and both proper direct sales and availability of the items would keep other sellers in check.
It may have increased to 70-80 million but credit availability also increased significantly so how much comparatively has the item increased in price?

For example if you had to grind 20 hours for 10 million 2015 and 10 hours for 70 million now ... who cares?

Now if the rate you earned credits had never changed that would be a different story. Also it's worth remembering there are a variety of ways to earn credits.

darkapprentice's Avatar


darkapprentice
09.26.2017 , 04:32 AM | #23
Quote: Originally Posted by orangenee View Post
There are some people who literally do nothing else but sit at the Kiosks watching the market.
If there are people that do that, pardon my language (or not, idc), but that sounds incredibly boring as ****. What's the point of paying for a game only to make billions of fake credits that have zero value anywhere else, especially if they do little to nothing else. Just think, they'll have this number of credits that's represented by nothing more than colored pixels and when this game is eventually killed off completely, all of that will have been for nothing and there will be nothing to show for it.
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orangenee's Avatar


orangenee
09.26.2017 , 06:47 AM | #24
Quote: Originally Posted by darkapprentice View Post
If there are people that do that, pardon my language (or not, idc), but that sounds incredibly boring as ****. What's the point of paying for a game only to make billions of fake credits that have zero value anywhere else, especially if they do little to nothing else. Just think, they'll have this number of credits that's represented by nothing more than colored pixels and when this game is eventually killed off completely, all of that will have been for nothing and there will be nothing to show for it.
Same mentality as why people play nothing but PvP or nothing but raiding. People find their niche and stick to it religiously.

There are people who find trainspotting interesting or even Tennis. Different strokes and all that.
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MeNaCe-NZ's Avatar


MeNaCe-NZ
09.26.2017 , 03:21 PM | #25
Quote: Originally Posted by orangenee View Post
Same mentality as why people play nothing but PvP or nothing but raiding. People find their niche and stick to it religiously.

There are people who find trainspotting interesting or even Tennis. Different strokes and all that.
Or grinding heroics/dailies day in and day out for years just to make a pittance of credits that those that play the market get ...

Many things are boring, monotony in an MMO, it's which boring monotony you can handle that matters.

Willjb's Avatar


Willjb
09.26.2017 , 05:02 PM | #26
Quote: Originally Posted by annabethchase View Post
For the people saying they want more direct sale items from Bioware, sure that helps. But I for one would rather pay 100 million in game currency for something than real life $50. I just can't justify one prestige item costing anywhere near what the game cost in total.
I'd [MUCH] rather spend $50 on such an item; how many hours and how much electricity powering your computer/monitor would it cost to buy, say a Lightsaber Pike off the GTN?! For me, it's a no brainer.

Tsillah's Avatar


Tsillah
09.26.2017 , 05:10 PM | #27
Quote: Originally Posted by Willjb View Post
I'd [MUCH] rather spend $50 on such an item; how many hours and how much electricity powering your computer/monitor would it cost to buy, say a Lightsaber Pike off the GTN?! For me, it's a no brainer.
I kinda agree with you but on the other hand paying 50 bucks for a lightsaber is also a bit out there considering the fact you can buy an entire game with that.

I get that cash shop items are generally priced higher but I have to draw the line at 20 bucks. I just can't explain the 50 bucks to myself. I have the money, but I feel it'd be crazy to buy it.

It's that pricing scheme of the CM, particulary with cartel packs that creates these crazy prices also because there is just a very low supply of a bunch of these items. I'm with you on that side though. I don't see myself grinding 200 million together for senya's lightsaber. I like it but not enough for such prices. If they sold it in the CM for 1800CC for example I would probably buy it.

There's just a small group of players that have billions of credits and they control the market. The few items that land in the GTN of such a lightsaber are snagged up by them and sold for high prices to people who can pay 100-200 million for an item and more importantly are willing to. This situation means that a lot of cool named items that a lot of people like for lore reasons and such are out of their reach. I think that is not a positive thing.

Personally I am lucky enough to have the weapons and armour sets I really want, but I can imagine for people who don't it can be really frustrating and take part of the fun away. I just generally feel that too many cool rewards come from the CM and hardly anything comes from in game sources. I think there needs to be a better balance there.
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Willjb's Avatar


Willjb
09.26.2017 , 05:16 PM | #28
Been playing since launch, and have most of the CM stuff; and the Direct Sales are still definitely a saving grace, thank goodness for them.

I remember when the Defiant Vented Lightsaber came out and it took forever trying to get it through packs or buying it off the GTN. I FINALLY got it and it came out on Direct Sale down the road, but I wasn't bitter, the Direct Sales benefit us ALL.

Tsillah's Avatar


Tsillah
09.26.2017 , 05:23 PM | #29
Quote: Originally Posted by Willjb View Post
Been playing since launch, and have most of the CM stuff; and the Direct Sales are still definitely a saving grace, thank goodness for them.

I remember when the Defiant Vented Lightsaber came out and it took forever trying to get it through packs or buying it off the GTN. I FINALLY got it and it came out on Direct Sale down the road, but I wasn't bitter, the Direct Sales benefit us ALL.
yeah I have my price limit per item, but I most definitely prefer direct sales over gambling packs.
Don't freak out, I'm just here by the grace of a referal. Nothing more.

MeNaCe-NZ's Avatar


MeNaCe-NZ
09.26.2017 , 05:39 PM | #30
Quote: Originally Posted by Willjb View Post
I'd [MUCH] rather spend $50 on such an item; how many hours and how much electricity powering your computer/monitor would it cost to buy, say a Lightsaber Pike off the GTN?! For me, it's a no brainer.
Depends how you make your credits, stuff all for me personally to get those credits.