The Hoarder - My Divination Card for 1 Exalted Orb

I wouldn't call it a scam... because the eternal in it's lonesome isn't worth all that much. You need them in numbers to pull of a high level craft. So when you get one, you have a choice: Sell it or keep it. Most go with sell it. So they get what they can for it.

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Shagsbeard wrote:

I wouldn't call it a scam... because the eternal in it's lonesome isn't worth all that much. You need them in numbers to pull of a high level craft. So when you get one, you have a choice: Sell it or keep it. Most go with sell it. So they get what they can for it.

You wouldnt call getting something that is 50-1 in droprates for the price of 3-1 a scam?

Its the damned Nigerian letters of PoE.

They get more than 3-1... but the value isn't based on rarity so much as utility.

when there are very few users that need massive eternals, they can decide the price together. It's called a crafter cartel.

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Zhatan wrote:

You wouldnt call getting something that is 50-1 in droprates for the price of 3-1 a scam?

Its the damned Nigerian letters of PoE.

There are two factors that affect the value of an item. Supply AND demand. Even if they are extremely rare, if there isn't much demand either, the value will go down. Even if something is relatively common, but there IS a lot of demand for it, the value will go up. That isn't a scam. That's basic economics.

That model assumes a demand that's shared by the entire community. Demand for items is different within the different communities of players. The supply of eternals comes from players who don't particularly value them... thus they're "cheap"... when you can find them.

There's a role for a middleman. Someone who buys up eternals at lower prices from people who want value for them now, and sells them in bulk at a mark up to the people who want them but don't want to waste their time shopping for them.

This thread reminds me of the scene in Connecticut Yankee in King Arthur's Court where the main character is trying to explain purchasing power to some peasants.

Its wrong tk say that there are very few players who need eternals.

Its more correct to say that eternals are so incredibly rare that the majority of players cant afford to use them.

Silly trade based game.

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Hodari wrote:

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Zhatan wrote:

You wouldnt call getting something that is 50-1 in droprates for the price of 3-1 a scam?

Its the damned Nigerian letters of PoE.

There are two factors that affect the value of an item. Supply AND demand. Even if they are extremely rare, if there isn't much demand either, the value will go down. Even if something is relatively common, but there IS a lot of demand for it, the value will go up. That isn't a scam. That's basic economics.

Yeah. Unfortunately cartel or trust are not part of the basic economics so you have no clue about it ?

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Malone wrote:

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Hodari wrote:

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Zhatan wrote:

You wouldnt call getting something that is 50-1 in droprates for the price of 3-1 a scam?

Its the damned Nigerian letters of PoE.

There are two factors that affect the value of an item. Supply AND demand. Even if they are extremely rare, if there isn't much demand either, the value will go down. Even if something is relatively common, but there IS a lot of demand for it, the value will go up. That isn't a scam. That's basic economics.

Yeah. Unfortunately cartel or trust are not part of the basic economics so you have no clue about it ?

I think you vastly underestimate the volume and the complexity of the PoE market. Due to the significant number of players who actively trade it is very hard to do long term manipulation of currency exchange rates that are not backed by true demand/supply. For example, right now, the market will soak up any et at 5ex or lower and you will not be able to sell any at higher than 6ex. If you really wanted to manipulate the market you would have to flood it with thousands (not hundreds) of eternal orbs.

The et:ex rate is low due to the limited usefulness of eternals. Essentially they are used to craft perfect items. Currently you need something like 80-150 tries to roll a 6*T1. If the et price would be equivalent of its rarity then that would mean that the value of a 6*T1 would have to be in the order of 5000 ex. This is clearly not the case. Even at 6ex for 1et it is quite a gable to craft a 6*T1.

TLDR: its supply AND demand not some strange cartel that sets the exchange rates.

Oh, if you really wanted to manipulate the price of items: use well rolled legacies as a target - they are in limited supply ....