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INSANE prices on GTN


mollymauler's Avatar


mollymauler
09.29.2017 , 06:20 AM | #31
Quote: Originally Posted by Tharandil View Post
With the general population dropping I've seen insane price differences among the servers.
It seems the least populated servers are the victims of the most outrageous prices on the gtn.
Several direct sales on the CM have had some effect but so far I haven't seen prices drop dramatically.

For example: Senya's pike (platinum) goes for around 138mil on the GTN. People seem to be greedy.

Has anyone ever bought an item that was clearly overpriced?
So far I've only bought Shae Vizla's armor for around 48mil and thought that was already steep for a cosmetic armor.

Im on JC and check on that item almost daily. The price as of yesterday evening was over 200 mill!

mollymauler's Avatar


mollymauler
09.29.2017 , 06:27 AM | #32
Quote: Originally Posted by MeNaCe-NZ View Post
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.

TRUTH! I see a lot of people saying that creds aren't easy to come by and its completely untrue! Level your crew skills/collect end game schems 240 and above, for instance, and CRAFT! I am by no means one of the richest people in this game or maybe even on my server, but I do quite well for myself. Crafting and selling those items plus "playing" the gtn does take up a lot of my in-game time but it is VERY easy to make creds in this game.

SteveTheCynic's Avatar


SteveTheCynic
09.29.2017 , 07:00 AM | #33
Quote: Originally Posted by JattaGin View Post
Of course they control the market, because every time someone offers an item for a reasonable price, they immediately buy it off, so that only their overpriced versions remain for sale. Through that they force others to also offer at too high prices.
Force their hand by listing your item for 95% of their price. If they want to remove it from the market, it will cost them money to buy it and relist it at their "normal" price, since they only get 94% of their listing price after the tax.

Or they leave your item alone, in which case they are giving up some control of the market.

Worst case, of course: they put their normal price up to make up for it. But even there, they have given up control of the price, a bit.

So perhaps not.

But they don't *force* anyone to offer at excessive prices. If I want to sell my item for 20% of the "controlled" price, I can do so. What they do, however, is force the buyers to pay the full "controlled" price unless a buyer gets to the 20% offer first.
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Tsillah's Avatar


Tsillah
09.29.2017 , 09:42 AM | #34
Quote: Originally Posted by SteveTheCynic View Post
Force their hand by listing your item for 95% of their price. If they want to remove it from the market, it will cost them money to buy it and relist it at their "normal" price, since they only get 94% of their listing price after the tax.

Or they leave your item alone, in which case they are giving up some control of the market.

Worst case, of course: they put their normal price up to make up for it. But even there, they have given up control of the price, a bit.

So perhaps not.

But they don't *force* anyone to offer at excessive prices. If I want to sell my item for 20% of the "controlled" price, I can do so. What they do, however, is force the buyers to pay the full "controlled" price unless a buyer gets to the 20% offer first.
There is another side to this though. Sure, you can sell items for much less, but think about why you are selling it. The main reason to have money in this game, is to buy stuff from the GTN. I mean you could go nuts on your personal guild with flagship a bit but beyond that you don't need that much in credits to play this game.

So if I wanted to buy say Senya's Lightsaber or Satele's armour set cause I didn't get it from buying 3 hypercrates for example, how will I get together the 120 or 200 million credits to buy it off the GTN...by selling my stuff, but then I need more for my stuff to be able to afford that item.

The thing that could break through that is to increase the supply. Better drop chances, lower prices such things. But that hurts BWs bottom line. Sadly because of the importance of the CM in SWTOR's revenue model of today, it stands pretty much directly opposite best customer experience and so the customer loses out in this set up.

I'm just happy I got the gear skins I wanted most, but I also think about the vast majority of players who do not have 10s or 100s of millions of credits who are not rich or market savvy and love the lore but can't get the lore items they so would love to have. It's not my problem but looking at the bigger picture, I can imagine this sours a lot of people towards the game.
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Qouivandes's Avatar


Qouivandes
09.29.2017 , 09:49 AM | #35
I thought we already had our gtn price crazy thread for the week....is this a new one?
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PiiTarr's Avatar


PiiTarr
09.29.2017 , 03:33 PM | #36
Quote: Originally Posted by Qouivandes View Post
I thought we already had our gtn price crazy thread for the week....is this a new one?
No, this is the "original" one. The other is the new one, created on 9/25.

MandFlurry's Avatar


MandFlurry
09.29.2017 , 04:03 PM | #37
People that buy credits are as much the problem as those people that sale them.
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orangenee's Avatar


orangenee
09.29.2017 , 04:08 PM | #38
Quote: Originally Posted by MandFlurry View Post
People that buy credits are as much the problem as those people that sale them.
Indeed. It's why penalties are higher for handling stolen goods rather than nicking them in the first place in the real world.
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Qouivandes's Avatar


Qouivandes
09.29.2017 , 04:11 PM | #39
Quote: Originally Posted by PiiTarr View Post
No, this is the "original" one. The other is the new one, created on 9/25.
apologies...sometimes its hard to keep up.
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PiiTarr's Avatar


PiiTarr
09.30.2017 , 12:27 PM | #40
Quote: Originally Posted by Qouivandes View Post
apologies...sometimes its hard to keep up.
Agreed. The duplication of threads with the same topic can make it difficult to remember which is which, so no need to apologize, happens to me as well.