Impact of certain factors on the price of an item.

[Dr. box]

What do you guys think about the factors that impact the price of an item?

Competition is easily noticeable in this community. There are a ton of shops that sell more or less the same variety of items, with some less-used ones being left out. This makes prices basically set by the community. With the arrival of the new market and deal finder, prices are too easily comparable, making the value of items go down. What is your take on this?

[Toast]

For the majority of items being used by newer members who have lower amounts of tc this is true. For example, Vampire, Acid, Marine, Orc, Chronos, Gladiator, Hunter and some others have dropped significantly in price.
But for some other items that are not radially available to all members because of its quantity, price or the amount circulating on the market this is not true. People have more or less come to realize that the Market(Deal Finder) sometimes lies and you get ripped off.
Where there are few of an item the owner can set a price and depending on what it is the overall value can go up. This is particularly true for collectors items.

[Redundant]

Originally Posted by box With the arrival of the new market and deal finder, prices are too easily comparable and making the value of items go down.

Dealfinder IS the market. It concentrates the focus and is therefore 100% accurate when it comes to evaluations, unless the item is hardly present.
It is true that deal finder lowers the prices due to competition, but items get sold much faster too which should compensate that effect by a great deal.

Items get deflated a lot due to the restocks and competition.
The inflation probably causes the deflation of many items to increase because people have less money to spend and the marketeers sit on their supply. I am not sure about this one though.

The only items that are getting anything but deflated are orc, chronos and gladiator. Even though restocks happen regulary the price is very high.
I don't exactly know why. The market is getting flooded with them and I don't see too many getting sold either. I'd like to get some opinions on that one.

[Dr. box]

Originally Posted by Redundant Dealfinder IS the market. It concentrates the focus and is therefore 100% accurate when it comes to evaluations, unless the item is hardly present. It is true that deal finder lowers the prices due to competition, but items get sold much faster too which should compensate that effect by a great deal.

I find that the items board is much more active than the Market, but that's just my own opinion.

Originally Posted by Redundant Items get deflated a lot due to the restocks and competition. The inflation probably causes the deflation of many items to increase because people have less money to spend and the marketeers sit on their supply. I am not sure about this one though.

The Marketeers aren't the only ones floating in cash. Certain members of the Toribash community have vast amounts of credits, but nothing to do with it.

Originally Posted by Redundant The only items that are getting anything but deflated are orc, chronos and gladiator. Even though restocks happen regulary the price is very high. I don't exactly know why. The market is getting flooded with them and I don't see too many getting sold either. I'd like to get some opinions on that one.

I think this goes back to my point about items being 'user set'. Once someone successfully sold a cheap item for a few times more it's base price, everyone started to consider it valuable, causing prices for useless items to inflate.

[Hyde]

Originally Posted by box I find that the items board is much more active than the Market, but that's just my own opinion. The Marketeers aren't the only ones floating in cash. Certain members of the Toribash community have vast amounts of credits, but nothing to do with it. I think this goes back to my point about items being 'user set'. Once someone successfully sold a cheap item for a few times more it's base price, everyone started to consider it valuable, causing prices for useless items to inflate.

Marketeers "floating" in cash? You are mistaken, marketeers exist to rid toribash of tc, to fix the shitbad econonmy.

Factors in toribash that determine price is competition and the amount of it.

i.e. if the marketeers decided to buy all static items and then destroyed them, the price of static would go up due to the supply.

Competition is the desire to actually sell items, which is not necessarily good because it pushes the small guys out of the contest, and the market titans can dominate because they can afford to sell stuff cheaper, even if its just marginal.

The toribash economy is designed to keep the poor poor and kick the rich down until they are poor.

[Zinx]

Originally Posted by box I find that the items board is much more active than the Market, but that's just my own opinion.

No
Activity isn't an opinion, and even if it was, your opinion is wrong. The market is much much more active then the items board, items are added to the market every few seconds. Whilst I have every thread read in the market board.

Originally Posted by box The Marketeers aren't the only ones floating in cash. Certain members of the Toribash community have vast amounts of credits, but nothing to do with it.

I am going to sink all of my tc when I'm done marketing (probably going to stop if I get msquad).

Originally Posted by box I think this goes back to my point about items being 'user set'. Once someone successfully sold a cheap item for a few times more it's base price, everyone started to consider it valuable, causing prices for useless items to inflate.

This is semi-true, define useless items?

[Dr. box]

Originally Posted by Zinx No Activity isn't an opinion, and even if it was, your opinion is wrong. The market is much much more active then the items board, items are added to the market every few seconds. Whilst I have every thread read in the market board.

I just don't think that. I can refresh the page a few times, and I see no new items in the Market. However, there are threads where the last post was only an hour ago that are on the second page.

Originally Posted by Zinx I am going to sink all of my tc when I'm done marketing (probably going to stop if I get msquad).

Well, no comment here I guess.

Originally Posted by Zinx This is semi-true, define useless items?

I don't exactly mean 'useless', I mean items that are just not commonly used. For example, I don't see many Kevlar items in shops.

[Zinx]

there's 20 items on each page of the market, and there's 310 pages.
20 x 310 = 6.2k items on the market, and quickly growing,
there's around 100 active items being sold actively on the market.

[Redundant]

The market is active as hell.
The forum market is active as hell too. Ten times more active than wibbles at its best days.

The value of TC has decreased a lot due to the efforts of the marketeers.

Spoiler: Some random article I wrote about the value of TC 

As most of you people probably do not know the true value of the currency we all know as Toricredits is influenced by certain circumstances within and even outside the toribash community.

One toricredit is definitely not always worth one toricredit and I tell you why.

The amount of active toricredits possessed by users who are willing to exchange them for the useless junk they all believe to need is one and probably the most important variable to determine the true value of 1 toricredit. One does determine the value by comparing them with other currencies. For instance in winter 2010 there were ridiculous amounts of usermade toricredit shops selling up to 21,000 toricredits per 1 USD. Thus the value of 1 Tc was 4.76190476 × 10^-5 USD back then.

Due to the great efforts of the brave Toribash administration the amount of active toricredits could be significantly reduced by installing a fancy little game called the double it button. The chance of losing all your money was very high and with each attempt the chance of losing grew extensively.

Of course the smart pants of the community were not aware of the risks due to the silly assumption that the chance of either winning or losing would always be 50%. They happily clicked the button and henceforth could be used as metaphor for the famous lemmings jumping of a cliff.

On that way the value of toricredits could be boosted to the current price of around 9.09090909 × 10^-5 USD per 1 Tc. That is 11,000 Tc per USD, almost twice as much as a couple of months ago!



The Marketsquad is still successfully trying to sink the toricredit to keep the value of toricredits constant. They are selling ridiculously overpriced junk to rich tools who are willing to waste their money on stuff they believe to need.

And that is a GOOD thing. Imagine every person on this planet would have a septillion Us Dollars.

That would skyrocket prices everywhere, you’d most likely need to pay 10 trillion bucks for a nice suspicious looking tunasandwich from that foreign guy at the corner! With any other currency you could live like a Rockefeller, for , say, 20 euros you could buy yourself a bunch of slaves to pamper you butt day and night.

Imagining that happen in our nice little game, new members of the toribash community would have little to no chances to get some decent items without spending real money or working their ass off to gain some toricredits.



All hail the Torishopadmins for protecting the luckily not so free market of toribash.

Originally Posted by Hyde Competition is the desire to actually sell items, which is not necessarily good because it pushes the small guys out of the contest, and the market titans can dominate because they can afford to sell stuff cheaper, even if its just marginal. The toribash economy is designed to keep the poor poor and kick the rich down until they are poor.

Wrong .
The market giants don't push out the poor ones. It is just a natural exploitation, poor people buy from the rich. But poor people have very good chances to become rich if they play the market. Any retarded monkey could do that.
The people who don't know/care how the market works are what the rich need.
This is just a microeconomy. Even rich people need to make profit to keep rich. And they do make profit, loads of it. And they don't do it any differently than poor guys who know what they are doing. They just have the endurance to keep going and going.

The Toribash economy isn't designed either.
One cannot design an economy. One can influence it but the people are what create an economy.
The market is a very fair one, to be honest. The rich get rich because people give them their money voluntarily. Scammers have hardly any chance and so on.
The torishop, the marketeers and some other things are supposed to sink TC. That deflates TC and is good for the market. In the perfect market the Torishop prices would be adjusted to the inflation rate and we wouldn't need to worry about the amount of TC in circulation.