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Wildy/Free Trade referendum... Thread is locked

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Vig0r0

Vig0r0

Posts: 877 Gold Posts by user Forum Profile RuneMetrics Profile
@oldgreyhair... RWT still exist.. noob "cash for rsGold" websites still exist... boting still exist..buying accounts still exists...everything you just mentiond exists.. but now it's taking up to 1 week instead of 1 day to give the NOOBS WHO BUY what they want..i tried to hack as many websites as i could to stop this.. but its hard...
FREE TRADES WAS ONLY FOR MERCHANTS...other BOTER noobs still exist.

27-Dec-2010 13:15:51 - Last edited on 27-Dec-2010 13:28:01 by Vig0r0

[#49XZ1I4UN]

[#49XZ1I4UN]

Posts: 254 Silver Posts by user Forum Profile RuneMetrics Profile
I have a fair understanding of the principles that govern stock markets and I have given this free trade idea a lot of thought during the xmas break. After consulting with my colleagues, this is what I predict will happen:
A large majority of players like the GE because it's quick and simple, and avoids having to yell out what they're buying or selling for hours on end. These players will now simply buy things in direct trades at market value (the middle value on the GE, which will remain after the update) or just a little over.
The market value is a bit of a gimmick, though. All it represents is the avaerage selling price of the item YESTERDAY, so the price is obsolete anyway. So how will "merch clans" make money then? Easy. Here's how:
I predict merch clans will still buy out items on the GE for prices over the market value. By doing this each day they will continue to artificially inflate the market price of items, and then sell (dump) the items in direct trades for profit.
Yes, players can look up the GE charts to find out if the item has been artificially inflated or not, but they wont because they'd rather pay a little extra for their items than spend the time looking it up.
But here's the hitch: how will the market prices drop again?
Two possible outcomes:
1) players realise the GE's market value is inaccurate and disregard this figure in all their future trades, rendering the GE useless.
2) the merch clan leaders who have the most stock will sell their stock in private trades until they make their money back, then sell the rest on the GE for under market price to bring TOMORROWS market price down again. All money they get from GE sales will then be cold hard profit.
I believe outcome 2 will be true. Players will have ignorant blind faith in the GE price, and will be ripped off the same way they have been for the past 3 years - only it will be far more subtle, making it easier for merch clans to rip off unsuspecting players without them realising it.

27-Dec-2010 13:22:29

[#49XZ1I4UN]

[#49XZ1I4UN]

Posts: 254 Silver Posts by user Forum Profile RuneMetrics Profile
@only1dud:
Thanks mate. You have a voice and it should be heard, but it should not negatively stereotype an entire race.
@oldgreyhair:
By the way, same goes for you on the page 84. Please remove your racist Chinese comment.

EDIT2:
Yes, I've played for a number of years. I can't remember which xmas I signed up, but it was either '02, '03, or '04.

27-Dec-2010 13:32:25 - Last edited on 27-Dec-2010 13:35:18 by [#49XZ1I4UN]

DT Powers

DT Powers

Posts: 207 Silver Posts by user Forum Profile RuneMetrics Profile
To all the people saying "it will make clues harder and that we use the abyss and we might get killed!"
Back when the wilderness WAS dangerous, you HAD to put up with it, it gave the game an element of danger and insecurity which I really think it has lost.
In light of recent changes Jagex have made it too easy to survive in the wilderness, if you get a level 3 clue scroll, you might get an item that is AMAZING why not make a player have a challenge completing it?
Also, there will still be empty worlds to go do your clues or runecraft, so don't worry about it.
I welcome the change to the wilderness, finally we can have some more of a challenge injected back into the game.
Not sure about the free trade yet, merchanting has to stop. And to the guy on the first page, that was claiming that he was a 9/10 year player, in the old days, even the highest level items still had set prices, if you were charging way over the odds, you'd NEVER sell the item. If you charge way low, then people will just buy it and you'll loose out.
Your just gonna have to use common sense (checking what the going rate for an item is on the forums for example) before buying / selling.

27-Dec-2010 14:10:06

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27-Dec-2010 14:18:10

DT Powers

DT Powers

Posts: 207 Silver Posts by user Forum Profile RuneMetrics Profile
Its not tedious, you just learn the prices for everyday items, for example if a full set of rune is 200k, I will learn that the price of the legs is 50k, the helm is 30k the kite is 50k, the plate is 70k. It will generally stay like that, and if it changes ill notice.
If your not bothered to look on the forums for something, then how can you be expected to be bothered to do anything in your life.
I also heard that the medium price for an item will be left in the GE.

27-Dec-2010 14:24:05

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