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Updating ge prices

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Marclard

Marclard

Posts: 49 Bronze Posts by user Forum Profile RuneMetrics Profile
keggyyy said :


How is it ok for an item to be selling way over mid ge price and potential for ppl to be scammed based off that mid ge price? If it was an item selling way under mid ge price like large classic crates we would be fast to call them scammers so why can't it be the other way around too?

There is no evidence said items in thread are being manipulated.

out of the 11 people posted here so far, 3 are m***p's/have in the past
.




80% of sof/th items are manip'd there's no actual demand for most of the items.

if a item worth 10k had thousands of ge buy offers sitting in the ge for over 10k (demand for the item) the ge price would go up. if there's no buy offers higher then 10k sitting in the ge (no demand) the price isn't going to change.

if x item has no sell offers in the ge and someone puts one in for y amount and some random just puts a huge highball offer and instant buys it that doesn't mean that's the actual price of that item if the ge price hasn't actually moved because that means there's no actual demand.

don't get actual demand and artificial demand mixed up.

19-Nov-2020 14:36:09 - Last edited on 19-Nov-2020 15:26:52 by Marclard

keggyyy

keggyyy

Posts: 1,602 Mithril Posts by user Forum Profile RuneMetrics Profile
Marclard said :
keggyyy said :


How is it ok for an item to be selling way over mid ge price and potential for ppl to be scammed based off that mid ge price? If it was an item selling way under mid ge price like large classic crates we would be fast to call them scammers so why can't it be the other way around too?

There is no evidence said items in thread are being manipulated.

out of the 11 people posted here so far, 3 are m***p's/have in the past
.




80% of sof/th items are manip'd there's no actual demand for most of the items.

if a item worth 10k had thousands of ge buy offers sitting in the ge for over 10k (demand for the item) the ge price would go up. if there's no buy offers higher then 10k sitting in the ge (no demand) the price isn't going to change.

if x item has no sell offers in the ge and someone puts one in for y amount and some random just puts a huge highball offer and instant buys it that doesn't mean that's the actual price of that item if the ge price hasn't actually moved because that means there's no actual demand.

don't get actual demand and artificial demand mixed up.


Every single item gets hoarded including hween masks santas and other classic rares and this items need updating for mid ge price too. All ur saying is hoarding items is price manipulation and it's clearly not and its done with every item including skilling supplies. There is demand for some tokens I have seen pvmers with wolpertingers unlocked for example. My definition of price manipulation is posting fake prices. If someone legitimitely bought a wolpertinger companion pet token in ge for 225m for example then that is not price manipulation.

19-Nov-2020 16:08:41

keggyyy

keggyyy

Posts: 1,602 Mithril Posts by user Forum Profile RuneMetrics Profile
And again if we notice someone selling a large classic crate for 100m when real price is 25m and mid ge price is 140m and we would immediately call them a scammer. So why can't we do this for items selling way above mid price too?


Try to buy a keg pet token in ge for 50m or a sand dunk for 1m they wont buy unless you get an inactive.

19-Nov-2020 16:14:12 - Last edited on 19-Nov-2020 16:17:05 by keggyyy

Marclard

Marclard

Posts: 49 Bronze Posts by user Forum Profile RuneMetrics Profile
keggyyy said :


Every single item gets hoarded including hween masks santas and other classic rares and this items need updating for mid ge price too.

do you not see both santa's ge at max cash? do you not see all h'weens ge mid over 1b? nothing in the rare section that
actually has ge demand buy offers that aren't filling for days on days
needs manual updating.



keggyyy said :
And again if we notice someone selling a large classic crate for 100m when real price is 25m and mid ge price is 140m and we would immediately call them a scammer.

yea they are a scammer.


So why can't we do this for items selling way above mid price too?

you still haven't even provided a example of how you think this other way around is even scamming.



Try to buy a keg pet token in ge for 50m or a sand dunk for 1m they wont buy unless you get an inactive.

this has nothing to even do with the discussion going on.

19-Nov-2020 16:32:23 - Last edited on 19-Nov-2020 16:39:21 by Marclard

keggyyy

keggyyy

Posts: 1,602 Mithril Posts by user Forum Profile RuneMetrics Profile
I'm just saying mid ge prices should be as accurate as possible. As of now nothing can be done with items over max cash as it's currently a physical limit so lets control what we can control. Maybe something like last buy/sell transactions on ge would be nice for items.

19-Nov-2020 17:28:30

MangeThane

MangeThane

Posts: 49 Bronze Posts by user Forum Profile RuneMetrics Profile
keggyyy said :
I'm just saying mid ge prices should be as accurate as possible.

All that needs to be done is adding weighting to player stocks.
As you can see. There's plenty of proof that the GE's median calc is hung up on data from a decade ago.

Their plotting methodology is critically flawed.
Past trade data should be used to produce a likely vector into the next leading block.
The GE does not do this.
It is a simple mean average of the whole trade block. With the sum total of averages further applied.

It's nonsensical and uninformative.
I don't think that GE median should be removed. But just repaired.
Trade blocks are mostly correct. In terms of deterring smash and grab operations.

What is needed is additional post-interim data points. While an item may only change the GE median listing once a fortnight.
After that up date. The previous two weeks of trade data be made available on the Main site/Grand Exchange pages.

The data only needs to conclude of 3hour increments.
With this, traders can not only have a better understanding of the exchange's throughput.
But can also be better positioned to identify real trends, but able to identify markets that are volatile.
Subject to supply issues. Unduly active. Or have had succumbed to sudden oversupply. From new content, or that price spike's had prompted either large holders of a item. to dump.
Or the wider player base was 'prompted' into hive mind tradeing by the swings.

The less a market has freedom to purport the effects and conditions it's experienced in the trading cycle.
The more prone that market is to abuse. Or out write failure. In the membrane.

06-Dec-2020 09:04:47 - Last edited on 06-Dec-2020 09:09:15 by MangeThane

KILLpavlosog
Dec Member 2023

KILLpavlosog

Posts: 4,699 Adamant Posts by user Forum Profile RuneMetrics Profile
Corder said :
Hi ELITE STACK,

It's really just how the Grand Exchange works - solely based on player made offers. Hence some items will be manipulated by players, also known as flipping. ^_^

Hi, you must be a new player. Occasionally Jagex manually updates GE Prices to reflect actually traded prices so players don't get ripped off. It's easy to scam others when GE is WAY OFF. Best wishes to all.
Jagex declared WAR on April 2nd, 2012 by implementing MTX.

21-Dec-2020 18:30:17

SGXTrader

SGXTrader

Posts: 205 Silver Posts by user Forum Profile RuneMetrics Profile
It is disappointing that ge doesn’t have queue views. Queue views would have provided real time prices and trade volumes, and reducing the huge margins that others and myself I can profit from mismatched end supply and consumption offers.

I mean it is just a MMORPG not trading platform. But the bad trading system....

The 5% percentage capping of daily price changes worsens price misinformation too. When huge price jumps happens, the low balling offers and overpriced dumps falls onto unsuspecting players. What is Jagex even trying to achieve from putting that up? We are selling to willing buyers at the current fair market price so that we may survive.
My loss is your gain.
Current games: Runescape GE, Mobile Legends, osu!

22-Dec-2020 02:38:55 - Last edited on 22-Dec-2020 02:46:14 by SGXTrader

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