daMarek Posted March 3, 2012 Share Posted March 3, 2012 (edited) So last night I log in, as usual post some excess mats on the GTN, feeling generous about the pricing too. This morning I log in to check my sales and guess what.... nothing. Not a single sale. So I run to the gtn kiosk and check the offers. Market is full of crafting mats. Really low prices too. Like ridiculously low. 99 stacks going for 10K that usually pull 50k. Seems like after the big news, everyone is emptying their banks to make money for the fancy speeders and crystals. That plus people are saving so not buying anything. Economy is officially dead, not only until 1.1.5 but weeks after that since everyone will blow all their credits to the temp vendors. Rich exploiters will stay rich, average will get poor, poor will get poorer. Edited March 3, 2012 by daMarek Link to comment Share on other sites More sharing options...
Noirmorris Posted March 3, 2012 Share Posted March 3, 2012 Your server is hosted by Monsanto? o_o Link to comment Share on other sites More sharing options...
utio Posted March 3, 2012 Share Posted March 3, 2012 (edited) I'm not sure how having some materials on sale for a cheaper price than usual equates to a dead economy. Also, if it's due to people making some money in preparation for the new vendor, surely it's only temporary? Sounds like a buyers Market ATM to me. Edited March 3, 2012 by utio Link to comment Share on other sites More sharing options...
CeiLican Posted March 3, 2012 Share Posted March 3, 2012 Prices are going up for items across the board, because people are stupid enough to pay those prices so people are greedy enough to demand those prices. an example is setting a levle 15 slotted item for 1million credts..........seriously? BIOWARE set a price cap. Level 15 items should not be going for 1million credits. As long as game companies allow pricing like that for something that isn't even REAL people will do this. Link to comment Share on other sites More sharing options...
daMarek Posted March 3, 2012 Author Share Posted March 3, 2012 I'm not sure how having some materials on sale for a cheaper price than usual equates to a dead economy. Also, if it's due to people making some money in preparation for the new vendor, surely it's only temporary? Sounds like a buyers Market ATM to me. But nobody is buying Link to comment Share on other sites More sharing options...
AdamGe Posted March 3, 2012 Share Posted March 3, 2012 (edited) Your server is hosted by Monsanto? o_o I'm sorry, this just made me LOL and I had to comment. HAHAHA Edited March 3, 2012 by AdamGe Link to comment Share on other sites More sharing options...
utio Posted March 3, 2012 Share Posted March 3, 2012 Prices are going up for items across the board, because people are stupid enough to pay those prices so people are greedy enough to demand those prices. an example is setting a levle 15 slotted item for 1million credts..........seriously? BIOWARE set a price cap. Level 15 items should not be going for 1million credits. As long as game companies allow pricing like that for something that isn't even REAL people will do this. I think prices are, in general a bit more than they should be, but if people pay them then I guess they're about right. The ridiculous amounts some people are charging for some items will always happen. Hopefully people will just not buy them. Link to comment Share on other sites More sharing options...
Fantazm Posted March 3, 2012 Share Posted March 3, 2012 Prices are going up for items across the board, because people are stupid enough to pay those prices so people are greedy enough to demand those prices. an example is setting a levle 15 slotted item for 1million credts..........seriously? BIOWARE set a price cap. Level 15 items should not be going for 1million credits. As long as game companies allow pricing like that for something that isn't even REAL people will do this. Supply and demand. Something is worth what someone else is prepared to pay for it. That's just how it should be. Link to comment Share on other sites More sharing options...
utio Posted March 3, 2012 Share Posted March 3, 2012 But nobody is buying People will always need mats, try undercutting the competition and see what results you get. Link to comment Share on other sites More sharing options...
daMarek Posted March 3, 2012 Author Share Posted March 3, 2012 People will always need mats, try undercutting the competition and see what results you get. I usually post on the low side and get decent sales. Undercutting will always happen but not by the masses like since yesterday. The sheer amount of mats on the gtn is just frightening Link to comment Share on other sites More sharing options...
originalpodster Posted March 3, 2012 Share Posted March 3, 2012 Supply and demand. Something is worth what someone else is prepared to pay for it. That's just how it should be. ^this Link to comment Share on other sites More sharing options...
Valkirus Posted March 3, 2012 Share Posted March 3, 2012 I rarely buy anything from the Global Market. And the only crafting profession I think is useful is Biochem. Slicing was really good until they nerfed it. Overall, I am disappointed in the crafting in TOR. If you do heroics, Flashpoints and even dailies, you can get stuff that is better than what is offered on the GM anyway. Link to comment Share on other sites More sharing options...
haliy Posted March 3, 2012 Share Posted March 3, 2012 so, have you thought about buying up the low selling mats and then re-posting them for a higher amount? sounds like easy money to me... Link to comment Share on other sites More sharing options...
daMarek Posted March 3, 2012 Author Share Posted March 3, 2012 so, have you thought about buying up the low selling mats and then re-posting them for a higher amount? sounds like easy money to me... But then I couldn't afford my fancy speeders and crystals :D Link to comment Share on other sites More sharing options...
Mormack Posted March 3, 2012 Share Posted March 3, 2012 But nobody is buying Then Buy low and sell high....Buy off your competitors and sell their mats at a higher price. Link to comment Share on other sites More sharing options...
GrandAdmrlThrawn Posted March 3, 2012 Share Posted March 3, 2012 Then Buy low and sell high....Buy off your competitors and sell their mats at a higher price. If no one is buying the low prices then who is going to buy the higher prices? Link to comment Share on other sites More sharing options...
Kaphik Posted March 3, 2012 Share Posted March 3, 2012 So the economy is "ruined" because the OP hasn't figured out that he can buy the lower priced items and resell them at a higher price for a profit? This comes to mind: Link to comment Share on other sites More sharing options...
grimjawb Posted March 3, 2012 Share Posted March 3, 2012 This sounds like normal economy behaviour to me, its like this why by an apple ipad 1 when in 2 weeks the Ipad 2 is coming out....better to save your money and get the ipad 2 then by the old ipad 1. Jus an analogy but i think it fits. Things will pick up they always do, then they'll drop again, then pick up.....welcome to economies everywhere including real life. Link to comment Share on other sites More sharing options...
grandmthethird Posted March 3, 2012 Share Posted March 3, 2012 (edited) So last night I log in, as usual post some excess mats on the GTN, feeling generous about the pricing too. This morning I log in to check my sales and guess what.... nothing. Not a single sale. So I run to the gtn kiosk and check the offers. Market is full of crafting mats. Really low prices too. Like ridiculously low. 99 stacks going for 10K that usually pull 50k. Seems like after the big news, everyone is emptying their banks to make money for the fancy speeders and crystals. That plus people are saving so not buying anything. Economy is officially dead, not only until 1.1.5 but weeks after that since everyone will blow all their credits to the temp vendors. Rich exploiters will stay rich, average will get poor, poor will get poorer. any crafter that has their crafting levels at a low level could take advantage of this moment. while prices are low, now is the time to get them levels up, forget the speeders and crystals use this time to your advantage, and get the special items like speeders and crystals next time they come around Edited March 3, 2012 by grandmthethird Link to comment Share on other sites More sharing options...
testszag Posted March 3, 2012 Share Posted March 3, 2012 .....BIOWARE set a price cap..... not just no, but hell no. there is absolutely no reason for one. if the price is too high for you, don't buy it. Link to comment Share on other sites More sharing options...
illgot Posted March 3, 2012 Share Posted March 3, 2012 Prices are going up for items across the board, because people are stupid enough to pay those prices so people are greedy enough to demand those prices. an example is setting a levle 15 slotted item for 1million credts..........seriously? BIOWARE set a price cap. Level 15 items should not be going for 1million credits. As long as game companies allow pricing like that for something that isn't even REAL people will do this. I've sold a few items for 1.5 million. Usually orange robes no one can find. Link to comment Share on other sites More sharing options...
Gradivus Posted March 3, 2012 Share Posted March 3, 2012 BIOWARE set a price cap. Level 15 items should not be going for 1million credits. I don't know where you're from, but be welcome to free market economy. Link to comment Share on other sites More sharing options...
well Posted March 3, 2012 Share Posted March 3, 2012 So last night I log in, as usual post some excess mats on the GTN, feeling generous about the pricing too. This morning I log in to check my sales and guess what.... nothing. Not a single sale. So I run to the gtn kiosk and check the offers. Market is full of crafting mats. Really low prices too. Like ridiculously low. 99 stacks going for 10K that usually pull 50k. Seems like after the big news, everyone is emptying their banks to make money for the fancy speeders and crystals. That plus people are saving so not buying anything. Economy is officially dead, not only until 1.1.5 but weeks after that since everyone will blow all their credits to the temp vendors. Rich exploiters will stay rich, average will get poor, poor will get poorer. Really?I put 15 inplants up for sale and sold all in 1 day.Also depends on the mats.Someone was selling 99 rublats for 25 k.lol I went and farmed 99 in less than 3/4 of a hour for my own use.Doesn't include the stacks of Lost Frags and other crystals I got in that time.If I see mats at a reasonable price I pick them up even if I don't need them at the time.The mats on the GTN are way over priced.Cheaper to just do missions for them or go get them.You didn't mention what you were selling.One thing is the economy is far from dead. Link to comment Share on other sites More sharing options...
Anslet Posted March 3, 2012 Share Posted March 3, 2012 So last night I log in, as usual post some excess mats on the GTN, feeling generous about the pricing too. This morning I log in to check my sales and guess what.... nothing. Not a single sale. So I run to the gtn kiosk and check the offers. Market is full of crafting mats. Really low prices too. Like ridiculously low. 99 stacks going for 10K that usually pull 50k. Seems like after the big news, everyone is emptying their banks to make money for the fancy speeders and crystals. That plus people are saving so not buying anything. Economy is officially dead, not only until 1.1.5 but weeks after that since everyone will blow all their credits to the temp vendors. Rich exploiters will stay rich, average will get poor, poor will get poorer. Sounds like you should have checked the prices prior to posting your wares. Also the gtn probably doesn't do very well on low pop servers. Personally on my server (po5), mats tend to do fairly well. Mats that are used for the more sought after items do especially well(implants/earpieces w/augments). When I cycled one of my characters through the professions I had a difficult time buying what I needed to level each one up. The low level stuff usually wasn't there. Starting as cybertech I cycled into armormech, artifice and finally into biochem. This was a few days ago. You claim prices are too cheap and mats are flooding the market. I only wish that were the case on my server. The rich exploiter comment really does get to me. I haven't exploited anything and sit on a healthy reserve of credits. I shouldn't be labeled by someone who hasn't put the same amount of time into the game as I have because of it. You want to make a good amount of credits fast? Get a useful profession and run ops to get good BoE schematics. Make those items and sell them. Want to make credits steadily? Run your dailies and sell the mods/enhaments that come with them. Link to comment Share on other sites More sharing options...
iceperson Posted March 3, 2012 Share Posted March 3, 2012 this isn't what i'm seeing at all. still stacks of 20 low level mats for 30k. i think we have a lot of people leveling crafting now with the announcement that crafting gear will be BiS Link to comment Share on other sites More sharing options...
Recommended Posts