Anarchy economy chaos flux

"
Chief_Commandeur wrote:
The End.


https://www.youtube.com/watch?v=811gsQxEigk
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"
Snorkle_uk wrote:
they went up to 50 in softcore.

Its just market manipulation that pushes them that high, they dropped back down to 30 chaos each in softcore and the people who sold at 50 then bought back at 30 made a killing no doubt. Players just need to be aware of that trend and refuse to buy exalts when they start going to 40+, but the temptation to sell that high creeps in and it snowballs, people get greedy and the whole league falls into the trap and allows people who just flip currency to make massive profits at the expense of the larger economy.


While exalts were rising to 50 in softcore all the anarchy people were laughing, but by the sounds of things it was probably the same people who pushed it to 50 in sc and then cashed in when it dropped back to 30 moving over to anarchy to do exactly the same thing. They probably run loss leaders, buy as many exalts as possible at 30, start very publicly offering 40 chaos for exalts, make as few legit sales as possible, start publicly offering 45, then 50 and once everyone seems to have adopted the 50 ratio, sell the mass of exalts they bought for 30 each at the new 50 price. Then when it drops back down to 30 they buy them all back again.

The exchange rates are wide open to manipulation because people watch trade chat, see people offering 50 chaos for an exalt and presume that sale must be going down, oh shit heres another dude now offering 50, can I get 50 chaos for my exalts? Do I now have to pay 50 chaos for my exalts? How am I going to buy an exalt for 30 chaos when matey here, oh and this guy too, fuck and this guy in a pub party all buying for 50, if all these people are offering 50 no ones going to sell me one for 30 surely, so 50 it is, fuck. Not many sales have to take place for people to make a lot of noise and make it seem like exalts are going for 50 chaos each left right and centre, once the community bites that text becomes reality.



I will remmeber this thread!


I suspect something similar to what you think..

They are a group, no wonder how many.


I suspected this when i saw on anarchy

Aegis Aurora, jump from a week to another from 4.5 ex to 8-12 ex
Same for soul taker, from 17-18 to 25-35
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"
Inexium wrote:
"
Chief_Commandeur wrote:
The End.


https://www.youtube.com/watch?v=811gsQxEigk


No idea what that is o.O
IGN = Annihilator_of_Worlds
If anyone cares: Exalts in HC are 30-32 chaos last I checked.
yep that's why i quitted anarchy:
1.I traded 1ex to 40chaos
2.i used like 10 chaos
3.i want my exalts back for this helmet

4.$WTB ex paying 40chaos
5.$WTB ex paying 45chaos
6.$WTB ex paying 50chaos
7.i quitted

people hug their exalts like masturbating
hey i just want to use it
"
Chief_Commandeur wrote:
"
Inexium wrote:
"
Chief_Commandeur wrote:
The End.


https://www.youtube.com/watch?v=811gsQxEigk


No idea what that is o.O


Nor do i o_o
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<< God blesses those who bless themselves >>
Oh anarchy. When i played there i bought 55 regals with an ex

Same as a friend of mine who bought 200 alchs

Chinanarchy league
you will never know what the true transaction rate f.e. between exalteds and chaos in a league really is because here is no statistic about deals actually made over a certain time frame.

the fact that external websites post rates or people post certain conversion offers in trade chat does not actually mean they want to make deals using that rate, it's likely they just want to to manipulate the exchange rate. you learn about it if you actually want to trade and they say: "sorry bro, too late".

at the current game state it's really easy to manipulate the market, especially by a larger player group pooling their currency, doing planed announcments and conversions. they can even make some real deals with higher or lower rates and compensate for their losses later.

been there, done that but in other games.
for example we were pooling a high amount of a certain currency over a longer time frame, then some players would offer high bids for that currency and really buy some amounts of it of the market, the price would go up and the others could sell their buffer for a high price until the price normalized again.

it also works the other way around, you can collect a larger amount of a currency then flood the market with it, bringing the price down which allows other in the group to buy at the low price until the pices normalises.

you can't really prevent market manipulation but it would be easier to recognize it by maintaining a official games log about actual currency transfers for orientation and/or less harmful if there were ingame traders recipes for converting all currencies.

one method to really prevent it is to make currency account bound after it was found and a certain time passed (maybe a week). this would also enforce people crafting and trading gear for gear. unlikely that it is implemented.

people want to be "rich" which really means they want to have ingame power (to dominate the market). what else?
age and treachery will triumph over youth and skill!
"
geradon wrote:
(to dominate the market)


PoE is my first Online RPG.

ANd i started to trade only a dozen of weeks ago.


I leant to DOMINATE the divinations distillates market for a good period of Anarchy.

The devil idea of making some traders friends with whom we would domninate ALL the market crossed my mind, and i was not sure if some group was doing it..

With your comment i am a little more sure it can happen! ( terrifying :D )
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Last edited by Inexium#6388 on Sep 4, 2013, 11:47:04 AM
That's what I figured, was market manipulation. Seeing the trade blasts and then the exalt to chaos drop so rapidly (seriously, in about 9 days time it dropped from 50 to 40 or even 36) was apparent.
yes, Anarchy is ending but technically there's 25% of anarchy left. That impatience to standardize to standard what really is still early seems a bit harsh.

It sounds like people are blasting the lower prices, not selling the exalts and waiting for someone to replicate so they can buy them. This ebb and flow would mean that the chaos to exalt will dip then rise back in a couple weeks.

It's just very incongruent with other currency at the moment. GCP is all over the place. I think the 20% gem recipe was an extreme overreaction. I'd rather spend an exalt's worth of GCP (was about 20 at one point, even at 16 or 17) bumping up quality of a leveled gem than spending an exalt on a 20% that needs to be leveled which takes tons of time.

What's the current rates (roughly as seen) in standard? hardcore leagues have always been different and don't really have as much influence to me.

exalt - gcp - chaos - fuse - eternal are the rates I'm curious about.

--------
also, my personal opinion would be I'd rather have the rates vendor controlled than market. I haven't played these types of online games before. (was stuck on console solo or with friends utilizing the other controllers play ever since I got my first nintendo when it first came out). So, my opinion is grounded in this game and what I've seen here.
Pacific (GMT -8) Time
Last edited by Madcow1120#4324 on Sep 4, 2013, 12:49:02 PM

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