What happened?

Trak · #1 04-14-2010, 05:07 PM

Ok well I've recently started to play again after quitting for a short time, I come back and see everything has reduced in price by loads....Back when I played shipka went for something crazy like 6 million, now it's only something like 2.

Can someone fill me in what happened?

Dnegel · #2 04-14-2010, 05:29 PM

Quote:

Originally Posted by Trak

Can someone fill me in what happened?

I think the reason was because of all the auctions, then money became harder too get.

Also, 2 millions in $ is pretty much right now.

DarknessShadow · #3 04-14-2010, 06:33 PM

How can something be worth more than anyone has.

Eclipse · #4 04-14-2010, 06:50 PM

Quote:

Originally Posted by DarknessShadow

How can something be worth more than anyone has.

this is why era is broke

cbk1994 · #5 04-14-2010, 09:58 PM

The price of things has decreased; this was intentional and was the goal behind all the auctions.

Supaman771 · #6 04-14-2010, 10:03 PM

more auctions ploz.

LordSquirt · #7 04-14-2010, 10:17 PM

No one has more than a million in $

Trak · #8 04-14-2010, 10:30 PM

Quote:

Originally Posted by LordSquirt

No one has more than a million in $

Yea but how did it happen? Back when I played properly there were quite a few with a couple of million $$$ in the bank. o:

Demisis_P2P · #9 04-14-2010, 10:53 PM

Quote:

Originally Posted by DarknessShadow

How can something be worth more than anyone has.

Money on its own is almost useless once every player has an AK or better.
Players generally trade guns for other items, and money is usually used as a sweetener. Anything with a value above 50k is rarely sold directly for money.

Take, for example, a gun that was once sold for 200k which might be worth "1.2mil" now (Gun A). That 1.2mil isn't a real figure and I don't think that anybody would ever buy or sell it for 1.2mil in cash.

Another player might offer a gun that was once worth 250k, but is now worth "1mil" for it (Gun B).
Usually a straight trade would be considered because the difference of 200k is offset by the difference in the initial price. If you projected the price increase of Gun A onto Gun B then Gun B comes out with a value of around "1.5mil".

Because there are so few of these guns if a straight swap is made then Gun B's value would be seen to have risen from 1mil to 1.2mil, because the person who received the gun isn't going to sell it for less than perceived value of the item that they traded it for.

The logic: Because Gun A was worth 1.2mil and he traded it for Gun B, then Gun B must be worth 1.2mil now also.

Mid-range guns aren't affected as much. Mostly because there are more of them available. If a seller asks for too much then the buyer can decline and simply buy it from somebody else.
But I also think it is largely attributable to the price spread of guns available in the mid-range.

If you have a 1.2mil gun then the next best gun might be worth 1.6mil (400k difference).
If you have a 50k gun then the next best gun might be worth 60k (10k difference).

When it comes time to sell your 50k gun, you're going to try and get as close to 60k for it as possible, so that you can upgrade immediately, but if you ask for too much then the buyer might just leapfrog you and go straight for the 60k gun.
When it comes time to sell a 1.2mil gun something similar happens, but in this case there is a lot more room to ask for more.
In this way the price of mid-range guns increases slowly, whereas the price of high end guns increases much more quickly and we start to see guns increase in price from 200k to 400k to 800k to 1.6mil over the course of 2 years.