Why is the economy on this game broken and how to solve it

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Kenzorz wrote:

OP thinks stuff like

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is good and complains that the economy is broken when he can't sell it.

Here is his shop thread for reference.

Good? Good for wiping my ass with, sure.

That sounds possibly painful.

You know there's nothing wrong with the economy when you can't sell items.

You are aware that most people that need decent/good items are newer players right? Most people already have everything they need or need super end game stuff and there is only a finite amount of new players, economy is the best when a new ladder starts other then that who are you selling your items too?

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DirkAustin wrote:

You should put playing the game first and trading second. You trade when you happen to have time after some monster slaying and not trading like its a full time job.

Both are actually playing the game and enablers to a stronger character -- doing either in isolation is not as optimal as doing both smartly (as I would hope and expect in this genre).

Put first what you enjoy and don't let anyone tell you what to enjoy.

EDIT: Change in bold.

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Mivo wrote:

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Kenzorz wrote:

OP thinks stuff like

"

is good and complains that the economy is broken when he can't sell it.

Here is his shop thread for reference.

Good? Good for wiping my ass with, sure.

That sounds possibly painful.

Slaughter Knives get the job done ;)

its standard :/

of course the economy is fucked up. If you are not rich already there, dont expect to become rich now

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chromafunk wrote:

Well. All my items are priced always lower then their counterparts in YXZ, so I think they are competitive enough to accept the price as is. If people lowball even more is because they are really broke. Otherwise of the ten times on two days I got contacted, at least 1 would sell.

If someone really needs an item they will buy it, regardless of the 10 extra or less chaos it is selling for. People is really fucking broke bro. I am not the first one doing the observation.

It would seem you don't understand supply and demand, or how POEXYZ works. If the item is still listed at that price, it means it isn't selling like your crap. If you get repeated offers in the same ballpark, chances are that is the ballpark your items belong in.

The demand (ability to pay for AND desire to do so) an item is part of what sets the price. The supply (the ability for those with demand to get said item) determines the price. It isn't just that people don't have money, it is that people that HAVE that kind of money DO NOT NEED your item. The kind of people that want your money, have low demand, thus you need to lower your price if you expect it to sell.

This will allow you to turn over more currency, get better inventory, and sell for greater profits.

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phrazz wrote:

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chromafunk wrote:

Well. All my items are priced always lower then their counterparts in YXZ,

You know, as long as an item is listed on XYZ, it's not getting sold? Ergo, it may be overpriced.....

Edit: Also, in standard, there have been no wipes since closed->open beta, so if you think your item is worth 10c, and you KNOW there are 2340598230597 better items available, you may rethink your price.

This. SO tired of tards referencing POE XYZ as a source to determine prices. What really cracks me up is when people have been sitting on the same item for months and wonder why it has not sold.

Hence the paradox of virtual gaming economies.

People fail to realize that inflation has less effect on currency than on actual items. That is, more 'decent' items are generated everyday than perceived currency value, therefore these items actually should go DOWN in price, not up.

So, OP, when you're getting an item you think is worth 20c -- hundreds, if not thousands, of other items were almost simultaneously generated also 'worth' 20c - but 20,000C did not drop in that same period of time. Therefore, you're overpriced, way overpriced.

A great example of this happening in super acceleration would be Atziri loot. First week the loot was worth many ex, now a month later you can barely give away the flasks. Boots went from 5ex to 20c. etc.

I always chuckle when people say that standard economy is fucked. It depends from the perspective. Selling is hard in standard. Buying on the other hand very easy.

In OP's case I would try to barter for other items. If as a seller in standard, you are deadset on only accepting orbs then sorry: you'll have a rough time.

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Reinhart wrote:

I always chuckle when people say that standard economy is fucked. It depends from the perspective. Selling is hard in standard. Buying on the other hand very easy.

In OP's case I would try to barter for other items. If as a seller in standard, you are deadset on only accepting orbs then sorry: you'll have a rough time.

The thing is, I don't have much trouble in standard as a buyer or seller. Neither of those are a focus of mine, but I have really not experienced any real issues.

Hell, half my shop does not even have prices because it's too much of a hassle. When some inquires about something, I look it up and provide a price. Sometimes they say yes, sometimes counter...and sometimes straight up no. All of which are ok.

I just don't get it other than maybe it's an expectation management problem.