Wednesday, June 20, 2012

crashing the markets

in glitch, you can sell things three ways: you can sell in player to player trade, which is convenient for things you cannot auction or for special items.

you can sell at auction for whatever the going price is, and with some items you can make a handsome profit.

but you can also sell to non-player characters called the vendors, that will buy ans sell goods at fixed prices. different vendors have different rates of pay but it is well known that the tool vendor in cebarkul and the toolie in the caverns have the best pay rate.

so it follows that if people are selling at auction at a price below the toolie, you can buy that up and sell it to the toolie and make a good profit.

sometimes if i need to unload goods quickly, i sell below market and i know the buyer is only taking it to the toolie, but, hey, that's two of us getting rich and not just me.

but i have been playing a game called "let's mess with the market and see what happens".

i decided to alternately inflate and crash the market for planks.

there are a couple of reasons for this: one is that planks come from wood trees and there are comparatively few wood trees in ur, so when you force market fluctuations in planks it's easier to see what the effect on the wood trees are, especially since wood trees (unlike other trees) can be harvested to death and require special maintenance).

also i do not like the wood trees. every time one dies, i smile.

so anyway, beans and cherries and bubbles  and all manner of tree fruits sell at the toolie for 1 currant each, but cherries regularly sell on auction for 3.9, beans for 4.5, and bubbles and gas and spice for more than that, although they don't move as fast, so it's kind of a wash.

planks used to sell for a lot. the toolie buys them for 4, and when you sell at auction you pay a fee, so 4.1 at auction is roughly equivalent to the toolie's price.

and for my amusement i was pumping up the price as high as it would go and then crashing it down to 4.1, just to see how fast i could make the market flutter and what effect it would have on the wood trees.

and then this guy tried buying up my whole stock when i was underselling and he tried flooding the market when i was overselling, but what he failed to realize was that i had WAY more capital and WAY more planks than he did, so the end result was after he was done trying to fight me, i ended up with a large profit and a large store of planks.

that guy decided that planks should sell at 5.5.

so i decided that for all time planks will now sell for 4.1, which means it's pretty slim profit and wood trees are expensive to maintain.

some people wishing to sell planks are selling at 3.8, which i take by the thousands daily and sell for 4 at the toolie.

i now have a big enough surplus of planks that i am in the process of crashing the markets on plank-related goods.

it's good news for furniture makers ans other plank consumers, but very, very bad news for growers of wood trees and wood tree speculators.

...except me, because i control the market.

it's not that hard, because of people's competitive and greedy nature. when i am inflating prices, i do it by buying up all the cheap planks and selling progressively higher, which is only profitable before that bubble bursts and when you sell too high eventually the market won't bear that and then everybody who bought when the price was rising takes a bath.

so when i was overselling market price, greedy people jumped on to list lots for MORE than i was charging, thinking they were actually going to sell!

and then when i was underselling, some people were getting very good deals on cheap planks, so then poeple with a lot of planks wanted to undersell me and as long as i was willing to keep listing planks below their price, they were willing to try to undersell me, and when they got below 4, i just took up all those planks and either held them in reserve or sold them at the toolie.

i made a LOT of currants, and the price of planks has now permanently fallen to 4.1.

and nobody likes wood trees, because they take up space that might otherwise be occupied by much more profitable trees.

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