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Rare Ceiling?

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Radyi
Jun Member 2010

Radyi

Posts: 2,036 Mithril Posts by user Forum Profile RuneMetrics Profile
I mean there are plenty of instances in history where royalty have sold wealthy merchants access to the nobility class for power/money etc... I mean hell you can see it at the moment with governments selling citizenship etc for wealthy offshore investors for upfront investment etc... Mass contributor to deaths coffers.

19-Apr-2022 09:32:00

kanamari

kanamari

Posts: 26 Bronze Posts by user Forum Profile RuneMetrics Profile
Misclick said :


Has a king ever sold his crown?


Lol, a king's crown is not the thing that makes him a king or gives him any of the powers of a king. A king would generally have no reason to sell his crown mostly because it represents a trivial portion of his wealth and power. Very different scenario.

Anyway, I think a lot of people in this game have failed to realize that if you are never going to sell your phat, its value is functionally 0gp. You can declare yourself a hundred trillionaire if you like, but you will never convert it into that amount of gp. There is this fantasy that you can just hold it forever and it keeps getting more and more valuable but everything in this world has limitations. For the record, it only keeps getting more and more valuable in the first place because enough people share that fantasy. A rare has no function whatsoever. It has no interaction with the mechanics of the game. Its value is 100% psychological.

Thing is, phats are getting so expensive that soon they are actually going to go back to being worthless. You won't be able to sell them. You'd be insane to sell them for a price that people can realistically pay, but nobody can pay the price you and every other phat merchant has conspired to establish as their value.

If lowers reach this level too, then GPHes will become the last link left to substantiate these numbers. Once GPH follows suit, you're back at square one. After a certain point it gets too unwieldy to trade any rares at all... you just can't tie it back to cash and so the prices basically become a collective fantasy. Valuing them in GP loses its meaning and now rare owners can only trade their rares amongst themselves, measuring their wealth only in number of rares owned, but as fewer people own more of the rares ironically you have less people you can trade with and that is the whole problem here. This is a race to the bottom, and it reflects a faltering core game.

19-Apr-2022 10:19:27

Raphtalia6
Oct Member 2017

Raphtalia6

Posts: 1,134 Mithril Posts by user Forum Profile RuneMetrics Profile
Misclick said :
The Princess said :
Misclick said :
RSGOTMEFATT said :
Misclick said :

When blue partyhat is 30 trillion, red santa might be 2.5 trillion, for example.

But what if there's only like a quadrillion in the whole game? so a few rares would be worth all of the gp in game? I sir am confused.

1000 trillion= 1 quadrillion.


In theory, yes. A few rares could be traded for all of the gp in the game. Try finding someone who will accept it, and sure. The last santa owner in the game will be able to charge whatever they want, be it 40 quadrillion coins, or 10 christmas crackers. If that's a buyer's only option, they'll either collect 10 crackers, or gather all of the coins, or else not own one.

Rest assured, if they settle for 5 crackers or 20 quadrillion, the buyer won't sell it for less than twice what they bought it for.


This is a rather simplistic way of looking at economics. Most merchers are looking to make money. Demand drives profit. If one person holds an item that noone else can afford, where is the demand going to come from?

He's essentially going to be holding an item that has no effective value because noone will be able to pay his asking price for it.

That's like me buying a house and asking for 50 trillion dollars ( the value off all currency in the world combined is at or around 40 trillion). Obviously, if noone can afford it, does it really have a value outside of what I place on it? That's why economics deals with both sides of the equation. Supple AND Demand.

Thus, a buyer could hold out for twice the profit of what he bought something for, but if it's not in demand, or noone wants it, it's essentially valueless.


Has a king ever sold his crown?


The answer is no, why? because only the king knows the true value of his possessions.
trusting certain pc lists or prices of items or websites that dont belong to jagex will get you into trouble notice: external websites and trades are your responsibility, dont get fooled!.

19-Apr-2022 15:15:37

Raphtalia6
Oct Member 2017

Raphtalia6

Posts: 1,134 Mithril Posts by user Forum Profile RuneMetrics Profile
[/quote]

In theory, yes. A few rares could be traded for all of the gp in the game. Try finding someone who will accept it, and sure. The last santa owner in the game will be able to charge whatever they want, be it 40 quadrillion coins, or 10 christmas crackers. If that's a buyer's only option, they'll either collect 10 crackers, or gather all of the coins, or else not own one.

Rest assured, if they settle for 5 crackers or 20 quadrillion, the buyer won't sell it for less than twice what they bought it for.[/quote]

This is a rather simplistic way of looking at economics. Most merchers are looking to make money. Demand drives profit. If one person holds an item that noone else can afford, where is the demand going to come from?

He's essentially going to be holding an item that has no effective value because noone will be able to pay his asking price for it.

That's like me buying a house and asking for 50 trillion dollars ( the value off all currency in the world combined is at or around 40 trillion). Obviously, if noone can afford it, does it really have a value outside of what I place on it? That's why economics deals with both sides of the equation. Supple AND Demand.

Thus, a buyer could hold out for twice the profit of what he bought something for, but if it's not in demand, or noone wants it, it's essentially valueless.[/quote]

thats true but would a person sell his house for 500k if he knows he could get 2m for it if he waits a few months. some ppl like to do it easy while others invest time and gather information to get a better result, holding an item results in a spike because the quantity cant hold the demand which results in this spike pushing the price which enables the quantity to be distributed if the price reflects the sellers interests. if that interest is made for the biggest holder then all small holders have to follow in line or consume the holdings that get distributed.
trusting certain pc lists or prices of items or websites that dont belong to jagex will get you into trouble notice: external websites and trades are your responsibility, dont get fooled!.

19-Apr-2022 15:24:59

Trip180

Trip180

Posts: 16,702 Opal Posts by user Forum Profile RuneMetrics Profile
If a trade happens, it happens. You can still sell all these smaller items, and shard boxes and alts with max shards x2 is a thing.

Anyway, if I were still trading rares, I'd be looking at moving into and out of gold phats. Just try to buy a phat for a lesser number, resell for a greater number. If prices are currently inflated, then you likely expect the gold phat value to fall in the future, unless that item is also inflated.

And I'd be working with Santas. To accept other items, merchants will just demand a fatter margin. Most likely, margins are huge right now. So, if you can find a trade, you make bank, though few trades happen. Since you're trading rares for rares, there's probably not much risk other than a valuation change, one rare relative to another.

So, each trade, you're just aiming to gain in rare value.

For a manip, his goal might be to focus on the relative value, one rare to another, rather than the gp value.
I cannot for the life of me manage to catch Covid. Perhaps it's because I didn't get vaxxed? The travails of those lacking immunity. :(

19-Apr-2022 20:02:27

Trip180

Trip180

Posts: 16,702 Opal Posts by user Forum Profile RuneMetrics Profile
If a new player were saving up for a phat, he'd probably slowly buy fish masks or gold phats. With each purchase, the item would go up in price. So, as he stacks, he'd get ever closer, but the price would rise ever higher.

So, it might come to feel like cutting the remaining distance in half, then half again, then again, never reaching the goal.
I cannot for the life of me manage to catch Covid. Perhaps it's because I didn't get vaxxed? The travails of those lacking immunity. :(

19-Apr-2022 20:19:24

King D1ce

King D1ce

Posts: 466 Silver Posts by user Forum Profile RuneMetrics Profile
Yeah chasing rare prices was no fun as I slowly worked toward Blue phat pvming slowly. I work now and have no time. I use to go hard at it. I actually staked this phat and lost just for fun. Interesting to see prices now, I bought blue around 60b and that was record price then.

20-Apr-2022 01:29:18

Trip180

Trip180

Posts: 16,702 Opal Posts by user Forum Profile RuneMetrics Profile
Well, I lost a huge amount too. So, it happens. You'd be amazed at how rapidly I lost; the amounts look like a bad staking day, but I lost with investments.

A guy who was in my clan returned, he had a white, staked it, had two whites. Then he sold one or both, bought crashed walks when they crashed at one point. They went up. He sold them all, bought a phat set.

So, he went from a white to a phat set with ease, in no time. The investing world can be a lot like the staking world. He then lent those phats from multiple accounts, which is legal now, and it's like collecting dividends. I never see him on now.

I lost in part due to chance but mostly because I just don't know the new game as well as those who never took a huge break like I did. You can't jump in and just know everything. I had never seen a token, I think. It was fun though. Investing, especially if you don't know what you're doing, can be a lot like staking :D

But it's interesting though; I knew things others didn't about rares. So, I guess if I had focused on what I knew, I'd have done well. No do overs.
I cannot for the life of me manage to catch Covid. Perhaps it's because I didn't get vaxxed? The travails of those lacking immunity. :(

20-Apr-2022 10:19:01

Scouse
Feb Member 2018

Scouse

Posts: 29,019 Sapphire Posts by user Forum Profile RuneMetrics Profile
Trip180 said :
I kind of expect Jagex will make rares untradeable at some point, due to rwt. So, I think if people want a rare, I'd work my way up. But if you can't get a phat, maybe complete the rest of the rare set. And that might lead into a phat at some point.


Making rares untradable will just cause a mass exodus from this game of the players who have nothing else to do in game apart from get richer and the ones who cba actually playing the game and just log in to make gp.

Also, how could Jagex compensate the mega rich when they are just about to become "slightly rich but with loads of untradable tat"

Throwing tons of free gp at them based on the wealth they have would be pointless because what would they have to spend that gp on lol, 1 raw shark = 68b?

Jagex imo are now just "along for the ride" and just seeing how long they can hang on for thanks to the somewhat addicted business men they have made who now live for gp and no doubt for some.........

Actually have trouble sleeping at night after logging off full of worry that they might somehow get hacked or phished somehow and wake up to nothing lol.

Much love

Scouse - Mo money Mo problems!
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#JFT96
August 15th 2017, the day Jagex freed me
Liverpool is love, Liverpool is life

22-Apr-2022 23:37:02

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