Last 24hs only 389 PED tt sold, last days i notice very few for saleppl bought them.... ?
This.In grinders storage like always
Maybe MA is noticing the ever more popular sell out threads.
So it only makes sense to make it a bit harder to do so by lowering the esi threshold?
Maybe MA is noticing the ever more popular sell out threads.
So it only makes sense to make it a bit harder to do so by lowering the esi threshold?
Unfortunately this seems to be the case, what a lame business model...
There is nothing abnormal with ESI right now. Like always, several people are selling out skills, and someone foolishly bought up every ESI, including the overpriced ones, except for one.
If MindArk didn't limit the amount of ESI that dropped, they would eventually have almost no value, which would mean that they would be nearly worthless when you loot them.
Because this topic frequently sparks "sky is falling" theories, if you actually think the whole thing through, people selling skills actually results in a net positive for MA, creating more deposits than it does withdraws.
For example: Lets say a hunter loots a 50 PED TT ESI valued at 1000%, he will then sell it for 500 PED and probably pay an auction fee. That PED he just got for the sale of the ESI will generally be cycled back into the game economy in some way. Meanwhile, I come along and buy that ESI for 500 PED and load it up with a skill that's worth 1500%, this will result in a 45 PED skill chip that's worth 675 PED. I then pay an auction fee and sell it. The 500 PED that I used to buy the ESI already was part of other funds that were going to be withdrawn anyway. By buying an ESI and then using it to make a skill chip, in this example only increased the amount I can withdraw by 175 PED. Meanwhile, someone else will have to deposit 675 PED to buy it. This math doesn't even account for all of the auction fees generated.
MindArk makes money when you earn skills and MindArk makes money when you sell skills.
So, in summary, the sky is not falling today and the business model, with the way that it is, ensures long-term survival of the Entropia Universe.
1. Item is important.
2. Item is high in demand.
3. Item is a rare drop.
4. Many middle-end game players leaving game.
This is just business.
Probably some group of sellers working together to get this done.
I understand and I agree, mostly with you, but it seems MA don't think the same.
ESI at 1000% or over is just to much, ESI market price used to be in 600-800% rage for years and it was just fine, there were more looted and more people could sell skills, now at 1000% some skills are just not worth chipping out.
It's better for everybody to have ESI at 600% and have 2X as many looted than as having them at 1000% and hard to find.
What MA don't understand is that is someone is leaving and want to sell skills, needs to find another one to take his place, we can't just sell skills to TT and create a pressure on MA.
A bit off topic but.... Why middle-end game players are leaving ?
A bit off topic but.... Why middle-end game players are leaving ?
Damn middle-end game players been leaving for last 10 years!
1. Item is important.
2. Item is high in demand.
3. Item is a rare drop.
4. Many middle-end game players leaving game.
This is just business.
Probably some group of sellers working together to get this done.
A bit off topic but.... Why middle-end game players are leaving ?
I mostly think because the annual reports show no promise of Entropia Universe ever going to be better.
Buying and holding (L) items for the long term is foolish and more often than not will generate big PED losses. The ESI values will soon go down. If you are holding, better sell fast.
when hoarding gets out of control MA steps in... just like with pyrite before core.
i suspect the same will happen with ESI
Keep in mind that if MA were to allow enough ESI to drop in order to bring the market values of them down to 600-800% then the prices of skills would also drop. To the end user there would be almost no advantage. In fact, in that scenario, other people (hunters) would create threads complaining about the low value of ESI.
ESI at 1100% and Rifle at 1500% is the same to someone selling out as ESI at 800% and Rifle at 1200%... in both examples, the difference between the ESI and the skill is 400% and that difference is the true value of your skills. However with low value ESI, the ESI looters (hunters) are hurt the most.
The real problem comes in when the value of your skills are too close to the value of ESI. The amount of people buying skills versus the amount of people selling skills almost never matches up. Its simple supply and demand and both are never constant. In order to create market stability in pricing, MindArk has to control the supply of skills. The ONLY way to do that is to constrict the supply of ESI, which in turn limits the amount of available skills, which then forces the value of skills to go up.
Thankfully most skills now have a market value that exceeds ESI value enough to be worth chipping out and selling. This has not always been the case.
I don't agree, I'm ready to bet that if ESI price will go down to 600-800% range, most of the skills will follow, the profit margins will remain the mostly the same, maybe for some skills will be a bit better but mostly it will be the same.
Hunters would not complain because it's more fun to loot more ESIs and get at least same market value than looting just one now and then.
Also if the drop rate on ESI would double the price would not be just half as it is, it's just to much demand for them and price will still be high, maybe around 800-900% if droop rate would be double.
Cheaper ESI would attract/allow more, new, people to use this feature.
I can see 900% in the near future but not much less. Auction history for the last couple of years doesn't really support anything under 900% for any length of time.
As long as I'm buying ESI anyway, which will be a couple of months at least, i can guarantee you that ESI prices will not fall under 900%. The is because Ill buy everything under 1000%. There are plenty of others who will do the same. The market would have to get completely flooded and that wont happen.
By that time, we will be getting into Migration which is always a surge of market activity.
I can see 900% in the near future but not much less. Auction history for the last couple of years doesn't really support anything under 900% for any length of time.
As long as I'm buying ESI anyway, which will be a couple of months at least, i can guarantee you that ESI prices will not fall under 900%. The is because Ill buy everything under 1000%. There are plenty of others who will do the same. The market would have to get completely flooded and that wont happen.
By that time, we will be getting into Migration which is always a surge of market activity.
The price of ESI will go wherever MA wants it to, if they feel like moving it there. This is not the real world.