Quote Originally Posted by LYK08 View Post
alright as a baseconomic theorist, let me enlighten you.

In the trade system, whenever players put items up for sale at a certain price, 3 scenarios could happen.

1. the price that they are charging is considered lower than what most would charge. The transaction goes through, and there is devaluation in the real price of the item since it is charged lower than it should be. Players who resell the item will sell at a seemingly lower price as this will get others to buy, but they will earn a small profit because they bought it at a much lower price. As the cycle goes on, the prices will slowly increase up to a point where it is above the market value, then scenario 2 occurs.

2. The price they are charging is too high. This case, no one would purchase the item so the seller will usually lower the price until someone takes the offer. This usually results in either the first scenario, or that the price charged is considered the market value. If everyone charges at this price, it becomes the popular market value (PMV).

3. The price that they charge is too high but the buyer is ignorant enough to buy it. If the person sells the item to another person after buying it, he will charge a high price to gain a profit, resulting in scenario 2. If someone else takes the high price, then scenario 3 repeats itself. Consecutive repetition of this results in inflated prices.

Realise that either way the prices will find its way into the popular market value. It is not that players do not want to sell at 300 trochus when they bought the item at 900 bucks, it is because no one wants it, which is why we see devaluation.
This makes alot of sense, thank you for that.
Thats the problem though.

An infinite chain of different prices, drop or rise anonymously just by an action a buyer does.
If the buyer changes the price, the anonymous price change will break, and form another chain of which has the item floating in an ocean of plummeting prices.

Leaving the current buyer heartbroken if hes a seller who either sold the exact same item with a higher price

(Thinking that he couldve sold it on a higher currency to get 2 or more times the price he sold it)

or a lower price

(If the seller is still currently selling the item, that he got from another person at a higher price, and notices that nobodys buying the expensive item cuz it dropped, almost everyone sells it at a lower price, forcing the seller to also drop his price and left with no earned trochus.)