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W3C - Funny direct trading of gold coins

Topics: General: W3C - Funny direct trading of gold coins

Tom Willard

Tuesday, September 14, 2010 - 05:25 pm Click here to edit this post
I think that some players do not understand the direct trading.

currently, there is a player offering a coin if you pay him 400B. This is a very recent offer.
At the same time, there is another player, on the same page, giving you 420B per GC.

Why would you offer a coins for 400B if you can instead, right now, get 420B for it?

check that page.
the first to get there, can take the GCs for 400B each and immediately, sell them for 420B each.
This situation happened before and does not make sense at all.

The direct trading page is set up in a way that makes it possible to always exchange, both ways, with no delay at all.

Make sure, when you make your offers, to look at the best deal and make yours a little better to make it become the best deal.

Laguna

Tuesday, September 14, 2010 - 05:54 pm Click here to edit this post
1. Because that player loves me.
2. Some players don't like doing business with the GM (hence pop bids higher than 5GC).
3. It takes time to learn.

The heart has reasons that reason cannot know.

whiteboy (White Giant)

Tuesday, September 14, 2010 - 06:32 pm Click here to edit this post
Honestly I think it's because people aren't clear on it, case in point, several players with not so nice intentions would consistently put up GC offers for the max price (I believe 690B at the time) and those offers would get accepted somewhat regularly.

I thought the 'Best Deal' notations you made were good and would prevent some of the confusion, but apparently not so much.

Laguna

Tuesday, September 14, 2010 - 06:59 pm Click here to edit this post
I'll repeat:

Quote:

3. It takes time to learn.




Small mistakes are of no one's concerns.

The normative value GCs Willard is pitching as about as much sense as the market (that's us) gives it.

To complain about this is about as fruitful as a basket full of vegetables.

Tom Willard

Tuesday, September 14, 2010 - 07:39 pm Click here to edit this post
My problem is, as whiteboy noted, that people are confused and are taking wrong offers and get too little for their gold coins, of pay too much for them.

the best deal tag did help.

We have set some benchmark deals on both sides of the market.

we hope that people will place better deals, both sides, narrowing the gap and there will be no reason to trade with the GM.

Laguna

Tuesday, September 14, 2010 - 07:48 pm Click here to edit this post
In that case, let players make mistakes so they can learn from them in due time. You cannot hope they join already fully experienced.

And, as I said, small mistakes are of no one's concern. Plus, it is with this kind of discrepancies that monetary markets work with.

Crafty (Fearless Blue)

Tuesday, September 14, 2010 - 07:53 pm Click here to edit this post
Yeah Laguna, put some of your masses of coins up for 300B each.

Laguna

Tuesday, September 14, 2010 - 07:57 pm Click here to edit this post
Just as soon as I'm willing to rig the market, I will.

Willard did the obvious favor of satisfying the huge lack of Gold Coins there was around.

Maestro2000 (Fearless Blue)

Tuesday, September 14, 2010 - 08:21 pm Click here to edit this post
With few exceptions, the direct market is now rigged by the Gamemaster. (ie Tommi)

The trading range is 420 to 430.

Every so often someone puts a ask/bid thats off the charts. Not a material amount.

The reality is the game currency is being kept artificially high by the gamemaster.

A more natural market price is in the 375 range.

Psycho_Honey (Little Upsilon)

Wednesday, September 15, 2010 - 05:19 pm Click here to edit this post
LoL, I consistently placed offers up for the max 69Trillion for 100 Gold coins a pop.

*All* The players that bid 69 Trillion and paid 690Billion per coin were in fact very experienced players who no doubt understood the Direct Trade system. I think they wanted to fund my war against the pestilence in the game, seeing as I was willing to fight 'the good fight'.

Tom it has been a while, but you can look and see who those players were, not a single one was a newbie.

In fact I even gave a newbie, Alisena 10Trillion for 1 gold coin once in hope of helping her out. (She constantly complained of debt.) I know how that can be abused, but now that is completely an impossibility.

Psycho_Honey (Little Upsilon)

Wednesday, September 15, 2010 - 05:20 pm Click here to edit this post
Meastro, way to go unilaterally dictating the value of gold coins.

Scarlet (Golden Rainbow)

Wednesday, September 15, 2010 - 05:44 pm Click here to edit this post

Quote:


The reality is the game currency is being kept artificially high by the gamemaster.

A more natural market price is in the 375 range.



The reality is the game currency is being kept artificially low by the gamemaster.

A more natural market price is in the 725 range.

See, I can do it too.

Shouldn't there be a way we can just send game-money to other players for free, even if it is limited?

Maestro2000 (Fearless Blue)

Wednesday, September 15, 2010 - 07:54 pm Click here to edit this post
Scarlet...LOL

Wendy...Did you get the candy I sent you?


Update

"Tommi" has now adjusted his trading range.

410 to 430. (Down a little)


Maybe by tomorrow Tommi will wake up and put the range where it belongs. (350 to 500) Keep a safety net in place but remove themselves as a market maker.

Psycho_Honey (White Giant)

Wednesday, September 15, 2010 - 07:59 pm Click here to edit this post
I wonder why you think it 'belongs' at any range.

You flip flop everyday.

First You complained about him moving it down a little, and 'controlling' the market(durh hes the gm)

Today you decide that it should be as low as 350B

Maybe my eyes are playing tricks on me, but is 410 in between 350 and 500? Your self described range.

Maybe you are confused I don't know. Do you know what you want from day to or do you change your mind this often about everything?

Maestro2000 (Fearless Blue)

Wednesday, September 15, 2010 - 08:18 pm Click here to edit this post
It's not a change from the other day. It's an extension of it.

The range I mentioned is to remove "Tommi" from actively trading coin (or at least shaping the market), except if there are no players on the board. (A Safety Net)

The 375 range I mentioned the other day is a price that players can sell to each other.

Psycho_Honey (White Giant)

Wednesday, September 15, 2010 - 08:35 pm Click here to edit this post
Up? Down? Up? Down? Up?


There isn't change in that sequence at all.

Maestro2000 (Little Upsilon)

Wednesday, September 15, 2010 - 09:00 pm Click here to edit this post
Wendy

You having a slow day?

Psycho_Honey (White Giant)

Wednesday, September 15, 2010 - 09:01 pm Click here to edit this post
Hearing you whine does slow a day down to a crawl...

Maestro2000 (Little Upsilon)

Wednesday, September 15, 2010 - 09:25 pm Click here to edit this post
Wendy

Have another brownie.

Maestro2000 (Fearless Blue)

Thursday, September 16, 2010 - 12:47 am Click here to edit this post
Quote from Tom Willard

"I think that some players do not understand the direct trading.

currently, there is a player offering a coin if you pay him 400B. This is a very recent offer."


Answer: There are players from time to time that want to see their name on the top of the list and don't care if they loss 10 billion on each transaction.

Example, A player offers 1 coin for 400B, then repeats this 5, 10, 20 times. Yes the player is lossing on the each trade but think of all the glory he/she feels by being on the big board. (No joke, this happens)

Maestro2000 (Fearless Blue)

Thursday, September 16, 2010 - 12:56 am Click here to edit this post
Question for "Tommi"

Currently you are offering 1,964.01T on the direct market for a rounded price of 410B per coin. Why is the offer split into 4 pieces?

Glory?

Barrenregions (Fearless Blue)

Thursday, September 16, 2010 - 02:01 am Click here to edit this post
That aint funney. I think

Players who The simcountry often are gonna be in the concile

Brian The Terrible (White Giant)

Thursday, September 16, 2010 - 02:21 am Click here to edit this post
Whoever doesn't want to trade with the gamemaster I am asking for up to 421 coins for 370 a coin.Just scroll down past the Tommi bids thanks.

Maestro2000

Thursday, September 16, 2010 - 06:02 am Click here to edit this post
Wow, the highest game money offer by a player is 370B per coin.

Blueserpent

Thursday, September 16, 2010 - 10:39 am Click here to edit this post
The exchange rate for 1 coin is given as 430B

makin a little somehere you now object too?

Laguna

Thursday, September 16, 2010 - 04:32 pm Click here to edit this post
It is funny, isn't it?

Maestro2000 (Little Upsilon)

Saturday, September 18, 2010 - 06:10 pm Click here to edit this post
Funny again

Price Range now 409.9 to 410.

Again, I question "Tommi" in being a marketmaker.

"Tommi" has 4,000 coin on the 409.9 side.

Maestro2000 (Fearless Blue)

Thursday, September 23, 2010 - 04:05 am Click here to edit this post
Still funny

The price range remains 409.9 to 410.

"Tommi" still holds the 409.9 side with just over 3,000 coin on the table. (Still playing market maker when there is a sizable player offer on the table at 400)

Maestro2000

Thursday, November 11, 2010 - 12:41 am Click here to edit this post
Bump

Look at the level coin is trading at now.

375

Maestro2000 (White Giant)

Thursday, November 11, 2010 - 01:18 am Click here to edit this post
My original thinking was 375 as a natural trading range for coin. It's here now thanks to "tommi" the market maker slowly getting us there.

Now it looks like "tommi" is trying to devalue coin even further.

Some statistics:

Old Exchange Price 460
Current Exchange Price 375
Change (85)

The rate is going down a little over 1 per day on average.


How low will it go?

Barren (Little Upsilon)

Thursday, November 11, 2010 - 03:51 am Click here to edit this post
How low can you go?

Laguna

Thursday, November 11, 2010 - 09:55 pm Click here to edit this post
The price is not below its equilibrium. Very far from it. In fact, the price for Gold Coins will keep on going down consistently with time. The profits countries and enterprises make these days are extremely low, compared to what they were four years ago. These profits will keep on going down for countries, as the size of corporations increase. I won't get into it now, maybe another day, but the point is: it isn't artificially below it's market equilibrium price, but above.

Cao Yi (Fearless Blue)

Saturday, November 13, 2010 - 07:06 pm Click here to edit this post
It is up to players to decide their trade. Trading is business, no matter what they do, they are doing buisiness.

Maestro2000

Sunday, November 14, 2010 - 01:33 am Click here to edit this post
The price is been systematically lowered by "Tommi"

Gamemoney is freely traded but in a tight range rigged by the "Tommi"

Scarlet (Kebir Blue)

Sunday, November 14, 2010 - 02:47 am Click here to edit this post
The price of GC has fallen somewhat closely to the range by which the profitability of countries/enterprises has. Game-cash is experiencing deflation in relation to the gold coin, but if I'm not missing my guess, the gold coin earning capacity of countries/enterprises appears to remain intact.

Laguna

Sunday, November 14, 2010 - 09:22 am Click here to edit this post
You are.

Scarlet (Little Upsilon)

Monday, November 15, 2010 - 07:13 am Click here to edit this post
Hmm, I checked and it would appear that my sim-cash profit in my main on LU is back to what it was before the changes so I'm wrong for the better... at least the better for me. With the increased amount of GC this sim-cash buys, I'm doing somewhat better.

Cao Yi (Fearless Blue)

Thursday, December 9, 2010 - 06:00 pm Click here to edit this post
Maestro2000 names "Tommi". If we reverse Tommi, it will be mitom. In English, Mitom is translated as Instance Noodle.

Blueserpent

Thursday, December 9, 2010 - 06:44 pm Click here to edit this post
It would read immot.....which is bollocks in any language :)

nix001 (Little Upsilon)

Thursday, December 9, 2010 - 09:40 pm Click here to edit this post
:)


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