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| Fluctuation. https://www.rsbandb.com/forums/viewtopic.php?f=1&t=72313 |
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| Author: | Anubis [ December 2nd, 2008, 12:49 am ] |
| Post subject: | Fluctuation. |
http://itemdb-rs.runescape.com/viewitem.ws?obj=1050&scale=1 I don't play Runescape anymore; I just find it boring. But I do own a number of these things, so I chek the price occassionally for fun; I'm not going to sell them and I'm not going to buy more - that involves playing; but I am wondering exactly how natural that graph can be. Forgive me if i'm wrong, but Jagex has said beforehand that they do not manipulate their own prices to control the market's stability, but such a graph as the one above seems to suggest otherwise. What do you think? Is this graph showing 'us' that when something does go up in price, the almighty Gower Police will come along and reduce it again? If not, what's caused this linear pattern? If so, do you think it's right? |
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| Author: | Adbot [ December 2nd, 2008, 12:49 am ] |
| Post subject: | Register and login to get these in-post ads to disappear |
| Author: | Total Plox [ December 2nd, 2008, 7:32 am ] |
| Post subject: | Re: Fluctuation. |
I don't think it's a secret anymore that Jagex do in fact control prices. Looking at any graph concerning discontinued items could tell you that. The GE may have been introduced to stop RWT, but there obviously was a side effect that Jagex didn't tell us about, they now control everything. |
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| Author: | colinsoccer123 [ December 2nd, 2008, 1:03 pm ] |
| Post subject: | Re: Fluctuation. |
From my merchanting experience that graph looks pretty normal to me, it happens to alot of items. A huge price gain often caused by investers and merchanting clans followed by a huge fall when they sell out to get their profits. That doesn't look like it's been changed by jagex but obviously some items have been. |
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| Author: | Marcinbu [ December 2nd, 2008, 1:54 pm ] |
| Post subject: | Re: Fluctuation. |
That grph wasn't fixed. Its simple economics. Supply and Demand. High price caused the owners to sell it and then there was a high supply with little demand cause nobody wants to buy something for more than its worth. So the price naturally fell. Then began to rise because there was little supply but everyone wanted one. Things like blue Phats and other 150+ mill items are regulated and that doesnt matter cause for 99.9 percent of us that dont own blue phats its no even a factor int eh game. |
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| Author: | Pro nerd5 [ December 2nd, 2008, 4:23 pm ] |
| Post subject: | Re: Fluctuation. |
I don't think that the graph was fixed in any way. It's quite common for items, especially discontinued items to have jumpy price changes in a short period of time. Although i do believe that JaGex do change prices when needed. |
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| Author: | Marking22 [ December 2nd, 2008, 4:26 pm ] |
| Post subject: | Re: Fluctuation. |
like everyone has said we all see that a lot in items? does that mean jagex control it no maybe not when it reached higher than normal everyone sold for lower and they still made money but it also brought down the price |
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| Author: | Adbot [ December 2nd, 2008, 4:26 pm ] |
| Post subject: | Register and login to get these in-post ads to disappear |
| Author: | Anubis [ December 3rd, 2008, 6:04 am ] |
| Post subject: | Re: Fluctuation. |
Thing is, this wasn't happening before the price increase; the price of santa hats was reletively stable; fluctuating slightly between 16 and 18 million; all of a sudden the price increased to 21 million, then plummeted 450k in two days, went up then down then up then down until quite coincedentally the price goes back to 16-18 million. Now you can say this is natural but It's not. Jagex controls prices on rares either directly or indirectly, and I'm asking on ethics - should this be allowed to happen? Why/why not? |
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| Author: | The Killer [ December 3rd, 2008, 6:39 am ] |
| Post subject: | Re: Fluctuation. |
what im more surprised than this is the strange fact that cheap holiday items like santas still have a market. I thought after the death of staking and item lending noone even buys them anymore. |
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| Author: | Rapidash [ December 3rd, 2008, 4:31 pm ] |
| Post subject: | Re: Fluctuation. |
As time goes on the price should never drop below a certain point because the number of Santa's in the game will only ever decrease, so if it keeps getting pushed down to the same price then it is obvious Jagex intervenes. Out of personal opinion, since you're asking about the ethics - if the market appears to be being controlled by the wealthy players, limiting what the not so fortunate can do, then yes Jagex should lower prices..sort of like only intervening upon monopolies in real life. Otherwise no, they shouldn't because the common player probably wouldn't be buying Santa's regularly. |
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| Author: | colinsoccer123 [ December 5th, 2008, 7:38 am ] |
| Post subject: | Re: Fluctuation. |
Anubis wrote: Thing is, this wasn't happening before the price increase; the price of santa hats was reletively stable; fluctuating slightly between 16 and 18 million; all of a sudden the price increased to 21 million, then plummeted 450k in two days, went up then down then up then down until quite coincedentally the price goes back to 16-18 million. Now you can say this is natural but It's not. Jagex controls prices on rares either directly or indirectly, and I'm asking on ethics - should this be allowed to happen? Why/why not? Ok, this may not be normal but it is not jagex interfering with the prices (in this example at least). The cause of this wild fluctuation is caused almost entirely by merchanters. They lock their sights on an item that has a market (shown by small fluctuations) and start buying like crazy. After a few days of this merchants with less money will start buying, to try to make a huge amount of profit. When the larger investers start getting worried that the bubble will burst, they'll start selling out all their santa hats causing a slowdown in the price rise (note the top of the that fluctuation). Once the larger merchants have sold out the smaller merchants notice this and frantically try to sell their hats causing a huge decline in price that lasts for days. Jagex does control some prices, such as items that have just come out or the expensive rares(phats) but I doubt that Jagex currently controls the prices of santas. |
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| Author: | Pfkninenines [ December 5th, 2008, 8:03 am ] |
| Post subject: | Re: Fluctuation. |
I'd have to agree with what the majority have been saying. Though the lower-priced Discontinued fluctuate more, they probably aren't Jagex regulated. The higher priced (Phat range) are definitely Jagex limited, if nothing else other than forcing people to trade off the GE. The fluctuation in the past 30 days has a 3M fluctuation, which I would agree is a bit off the norm. The increase happened over a weekend, then sharply dropped as people began selling after Sunday/Monday. It eventually returned to that equilibrium you were talking about, but it looks like it's going back up again. Not sure why it is increasing, no reason for people to think that something will be coming out shortly. At least not this time of month. I would expect the price to go up a bit for a few days/week around Christmas, but that's still a few weeks away at this point. |
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