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Vengeance of
Mar Member 2018

Vengeance of

Posts: 2,379 Mithril Posts by user Forum Profile RuneMetrics Profile
Skeleton Man said :
"Everybody knew the news on October 19 and the herb prices are going to go up. Of course, they dropped only briefly when everybody was using up their POF beans on growth potions.

Now, they have no beans and Mod Shogun confirmed the Crux Eqal cap is no need already. That's why we are profiting big time from the new update."

Wrong again.

This is WITH DXP, and yet FELLSTALKS have CONTINUED TO DROP! (DOWN over 4k now!)

Yes, and Completionist Cape chasers are still going hard into it; let's see how things look a few months from now, once the Completionists have moved on and there isn't a huge increase in herb supplies.

13-Nov-2022 19:21:25

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
Fish Kitten said :
If herbs are all poised to increase, why are the people here who are lauding this update, selling off what they grow in real time?

Those selling aren't really there for the profits over the long turn. They just exhausted their lifetime saving of POF beans to buy growth potions.

Some seeds like Dwarfweed are already going up, and most seeds are still selling at higher price than Oct 19, the day when Mods Jack and Shogun previewed the update on a livestream.

13-Nov-2022 21:54:04

Fish Kitten
Sep Member 2013

Fish Kitten

Posts: 1,199 Mithril Posts by user Forum Profile RuneMetrics Profile
Dilbert2001 said :
Those selling aren't really there for the profits over the long turn. They just exhausted their lifetime saving of POF beans to buy growth potions.

How is it you have in depth knowledge of other players' motivations? Correct me if I'm wrong (I'm not/just being courteous) but weren't you one of those who were extolling the virtues of this update by implying you were raking in massive profits since its rollout? Something along the lines of 'The ones who want to plant one seed they still can, and they can admire the others making huge profits through farming although they don't get such profits.' and 'The ones who really know how to make big profits are happily unlocking multiple seed planting and making big profits in the game now.'

So I'll ask again, if herb prices are on an upswing, why are people selling what they're growing as they grow it right now making those supposed huge profits when the market is actually slumping?

eta: I have tons of potions and beans left, the latter constantly replenishing for little effort at POF each day.

15-Nov-2022 17:38:26 - Last edited on 15-Nov-2022 17:44:28 by Fish Kitten

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
^^
Not everybody is merchanting for the long term. Plenty of us are happy just to lock in big profits every now and then.

We can never have "tons of (growth) potions and beans left" from POF because it takes a lot of time just to gain 1k beans which is good for only 1 growth potion.

Meanwhile, even more herbs are going back up in prices again, strongly suggesting supply of herbs have been diminishing already.

15-Nov-2022 17:46:19

Fish Kitten
Sep Member 2013

Fish Kitten

Posts: 1,199 Mithril Posts by user Forum Profile RuneMetrics Profile
Dilbert2001 said :
Meanwhile, even more herbs are going back up in prices again, strongly suggesting supply of herbs have been diminishing already.

You must be using an alternative GE for pricing.
Meanwhile in reality, herb prices are bleak. On another thread you claimed to be making massive profit from Lantadyme, which is one of the herbs I've been buying at fire sale prices all along, and which is now below its six month low. The one month chart says it all; a sad parabola.

18-Nov-2022 16:34:19 - Last edited on 18-Nov-2022 16:36:28 by Fish Kitten

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
Fish Kitten said :
Dilbert2001 said :
Meanwhile, even more herbs are going back up in prices again, strongly suggesting supply of herbs have been diminishing already.

You must be using an alternative GE for pricing.
Meanwhile in reality, herb prices are bleak. On another thread you claimed to be making massive profit from Lantadyme, which is one of the herbs I've been buying at fire sale prices all along, and which is now below its six month low. The one month chart says it all; a sad parabola.

Why do you only bring up the one month chart of ONE herb? The other herbs are all rising, and the one month chart you brought up on Lantadyme showed it around the same price as the beginning of the "one month" chart. Even you cherry picked chart absoultely didn't show herb prices are bleak. Besides, don't forget we get 3x the herbs per harvest now. Even when price of herbs are flat with 1 month ago, we can be making 3x the profits planting 10 seeds now.

18-Nov-2022 17:02:42

Fish Kitten
Sep Member 2013

Fish Kitten

Posts: 1,199 Mithril Posts by user Forum Profile RuneMetrics Profile
Dilbert2001 said :

Why do you only bring up the one month chart of ONE herb? The other herbs are all rising, and the one month chart you brought up on Lantadyme showed it around the same price as the beginning of the "one month" chart. Even you cherry picked chart absoultely didn't show herb prices are bleak. Besides, don't forget we get 3x the herbs per harvest now. Even when price of herbs are flat with 1 month ago, we can be making 3x the profits planting 10 seeds now.

You ignored all the details in that post. For one, I used lant because it's the herb you claimed to be making bank from on another thread, and it's one I've been *buying* this whole time for prices well below GE ask. And if you read my post more carefully, I talk about the SIX month graph which is an 'n' shaped parabola, current ask price in GE being below where it started. I didn't even mention the historical graph which you can access on the wiki which illustrates an even worse price decline from lant's all time high.

And if you don't believe that herb prices are tanking overall, you can simply look at the catalogue for herblore .

Getting three times the harvest per patch is irrelevant here other than maybe to show that the influx of product has completely saturated the market, which is precisely why herb prices are depressed and trending low. This isn't complicated. You're just ignoring actual data and insisting that prices are up. They aren't; you're wrong.

18-Nov-2022 18:08:44 - Last edited on 18-Nov-2022 18:09:18 by Fish Kitten

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
Fish Kitten said :
Dilbert2001 said :

Why do you only bring up the one month chart of ONE herb? The other herbs are all rising, and the one month chart you brought up on Lantadyme showed it around the same price as the beginning of the "one month" chart. Even you cherry picked chart absoultely didn't show herb prices are bleak. Besides, don't forget we get 3x the herbs per harvest now. Even when price of herbs are flat with 1 month ago, we can be making 3x the profits planting 10 seeds now.

You ignored all the details in that post. For one, I used lant because it's the herb you claimed to be making bank from on another thread, and it's one I've been *buying* this whole time for prices well below GE ask. And if you read my post more carefully, I talk about the SIX month graph which is an 'n' shaped parabola, current ask price in GE being below where it started. I didn't even mention the historical graph which you can access on the wiki which illustrates an even worse price decline from lant's all time high.

And if you don't believe that herb prices are tanking overall, you can simply look at the catalogue for herblore .

Getting three times the harvest per patch is irrelevant here other than maybe to show that the influx of product has completely saturated the market, which is precisely why herb prices are depressed and trending low. This isn't complicated. You're just ignoring actual data and insisting that prices are up. They aren't; you're wrong.

Which part of your post and "one month graph" suggested we are not making bank with herbs? Even if you only look at lantadyme, price of it now is about flat as one month ago, but we are getting 3x the herbs per patch now.

18-Nov-2022 18:33:33

Fish Kitten
Sep Member 2013

Fish Kitten

Posts: 1,199 Mithril Posts by user Forum Profile RuneMetrics Profile
Dilbert2001 said :
The other herbs are all rising...

Nope. They're totally not unless you're using some alternative reality GE pricing. The select few that are, are giving gains in the 1-3% range which isn't exactly impressive. Compare that to seeds which are exploding across the board with price gains in the 30-40% range. What's happening right now are those few select herbs which were way undervalued pre-update, like avantoe or irit, are starting to normalize a bit.

"But I'm getting 3x more herbs per patch!!!"
Great. But it doesn't really matter because you're selling them in a depressed, declining market therefore you're getting less money for your product. If I can buy fellstalk all day long for 25% under ask (and I can/am), clearly herbs aren't rising in price contrary to your claim. And being able to buy the limit of something at 25% under ask is a glaring indicator of the direction things are moving. But knock yourself out with those 10 seeds per plot.

20-Nov-2022 04:15:30 - Last edited on 20-Nov-2022 04:16:55 by Fish Kitten

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