View Full Version : Why do people overvalue their items?
rettet181
08-09-2005, 02:56
Honestly, people seem to think that because it's their item, it's worth a fortune. I'm not going to pay an Ist rune for a damn angelic ammy! And +9 maxes are worth the same as a 15... the 15 isn't worth 2. I'm starting to get frustrated...
Relativity
08-09-2005, 03:15
Simple answer? People are greedy.
9 max jewel for ist! thx
seriously the other day i wanted to trade a 5 os berzerker axe i offer 3 ums and the guy reject it but then some other guy join so i traded him
Cleglaw_Himself
08-09-2005, 03:39
Honestly, people seem to think that because it's their item, it's worth a fortune. I'm not going to pay an Ist rune for a damn angelic ammy! And +9 maxes are worth the same as a 15... the 15 isn't worth 2. I'm starting to get frustrated...
Ppl know how useful angelic ammy is to duelers/pkers. Hence the price. Either buy it or find your own! I would never trade an angelic amulet. Well, maybe for an Ist...
Jewels - you have to find your own unless you're quite wealthy.
MoUsE_WiZ
08-09-2005, 04:09
My angelic ammy your pul!!
See, that's like 1/8th the cost of the other guy, must be a great deal.
Though I do tend to agree that 9 max < 15 max. 15s are less common (or so it always seems to me), but also there is a much larger demand for them, as from 18-36, aside from kickers, and maybe people who want the life, there isn't another option, and even 37+ can potentially get more damage out of a 15 max than a 30 ed, whereas 9s are only useful for 9-17.
I think our values are still skewed from that 13 month long season 2. A month ago you could get almost anything for Pgems or a mid rune or two.
Now people are making it to Hellforge with basically junk gear. This is testament our players skill and the game itself. But, if you want to climb the ladder, you will need the best stuff and it just isn't around now.
Still, greed is a factor though. :(
edit: No Mousy, I will not give you a pul for your 151/6 titans :p
PhatTrumpet
08-09-2005, 04:36
The trading community is a marketplace. People will charge either:
a) what the item is worth to them.
b) what people are willing to pay.
Maybe this guy valued that ammy a lot for himself. Maybe someone told him they'd gotten Ist for their ammy. Whatever the case may be, the point is you're going to lose out if you're impatient. If you wait long enough and shop around, you'll always get a decent trade.
Valar-Wrath
08-09-2005, 04:45
If everyone overvalues an item, is it really overvaluing it?
Discuss.
"If everyone overvalues an item, is it really overvaluing it?"
This is called Demand-Pull inflation.
If an item is in excessive demand, like Angelic ammy, the price will inflate. It does not matter how common or easy to obtain the item is.
So, no. If everyone over values an item, that becomes its market price. Welcome to a free market economy. As some mentioned, you will find better deals as you do in real life "sales" "closeouts" "liquidations" and even a "used factor". I used Duriels Shell for 30 levels on my Amazon then found Vipermagi. I traded the Duriels for some junk because to me it was "used" and I would not be needing it again.
MoUsE_WiZ
08-09-2005, 05:32
edit: No Mousy, I will not give you a pul for your 151/6 titans :p
That's good, cause I don't have one, what about my 151/5 titans though? ^^
Calcipher
08-09-2005, 05:38
Maybe people who overvalue their items do so because they will grieve their departure. Might be like losing a child...and getting an Ist (as if any sane person wouldn't know when they were getting ripped off). :rolleyes:
That's good, cause I don't have one, what about my 151/5 titans though? ^^
It's just a good point of reference. At the end of last season you would have a hard time trading them for anything. As I said, items up, runes down ;)
~Foxfire~
08-09-2005, 08:38
I still refuse nearly every first offer I get. Rule of thumb, their first offer really is only their first offer. Nextly, I don't like to trade my items immediately when I don't know their price. I did that back when I first started when I found a 15allres/15ias jewel. I just thought it was a neat jewel. Could have gotten significantly more for it.
It could be that the person found their first 15max jewel and really think it is worth an ist. They see all the people asking for them, but not offering a price, so they imagine ist is a fair price. I've done it before myself, though not nearly as bad as ist for 15max.
TheDarkSide
08-09-2005, 10:45
I think your referring the general bnet public and not here ? Iv'e found that most people that trade on this forum are fair and dont try and rip others off . Now the spamming people in the chat channels are way off base imo . They think all their stuff is golden and worth 10 times what its actually worth . FOr that reason alone - I dont even bother going to the chat channels for a trade ...
I still refuse nearly every first offer I get. Rule of thumb, their first offer really is only their first offer.
I hate people who do this. As I am unsure of values, my first offer (espcially with some of the peopel on bnet), is usually quite low (a bit below what I guess it to be worth). I expect people to decline it, and say what they want me to pay. We then continue from there.
Most people just quit. It gets very frustrating.
Where oh where has the art of bartering gone in the western world?
WUW?
WUG?
NR = NT
open market my ***, diablo trading is disgusting. Anyone who sits in the hardcore trade channel for more than 5 minutes I'm sure is taking a severe hit to their brain cell count. Honestly, I've watched people sit in that channel for hours trying to be "patient" and when they get out of it, they are in the most impatient, frustrated, short tempered rude moods. Its Evil! Everyone keep your itamz! No more trading!!!! Gib itamz for free, peace love and rock and roll!
Trading is really lame in general.
I hate the fact that you have to blindly "offer" items whenever you need something. If you have something that someone else wants, then they scream "wuw wuw wuw" at you.
I hate how when id'd items are a lower % they are essentially worthless...like that 3% all res is going to make a difference. if it had been a 27 vipermagi, it would be worth X but since its a low low 24 vipermagi, i offer el ROON.
~Foxfire~
10-09-2005, 07:27
I hate people who do this. As I am unsure of values, my first offer (espcially with some of the peopel on bnet), is usually quite low (a bit below what I guess it to be worth). I expect people to decline it, and say what they want me to pay. We then continue from there.
Most people just quit. It gets very frustrating.
Where oh where has the art of bartering gone in the western world?
Oh I always point them in the right direction, it would be worthless for me to just tell them no, go away, your mother is a hamster and your father wreaked of elderberries!
Dad Daniel
10-09-2005, 14:06
Unlike most of the members here one of the major reasons thats keeps me close to this game is the TRADING! The social aspect of this game - establishing mutual useful relationships with different people from various countries, advancing both the communication skill and the sense for the profit, truly makes me diabloman. Thanks to my trading skills i was able to develope my favourite character builds.
I know that the MF runs - these endless cyclic brainkilling procedures are not for me - i haven't not the time, nor the luck to relate on them . When there are thousands of people harvesting the drop-areas for items i have no need to do nothing else, except to take from them what i need. Of course it is not so simple, but when i have mastered the trading all become so easy. The market space is the only reliable source of items for me. The selffound is like the gambling and crafting - you never get that you need.
PhatTrumpet
10-09-2005, 16:14
I'd have to argue that the trading aspect could take just as much time as the mfing aspect, only the trading aspect is stressful and annoying while the mfing aspect can be exciting.
But I guess it's all about personal opinion.
bnet and trading ingame is brutal.. theyre always "WUG" "WUG"
guys, i CANT read your minds.
i can respect dad daniels POV, Tamer is the same way, give him a decent rune and in a week he'll have an account full of items for you. For me tho, when I need something I generally need it sooner rather than later and I don't want to sit in a channel waiting for that fish to show up with a good deal. I'd rather be active than passive. I will often overtrade or get the short end of the trade just because i'm trading for specific items rather then "well maybe i'll need an ist down the road." If you can put up with the WUW WUG NUB OFFER GG PWNT PERF% ONLY I R LEET and profit from the trade channel, my hat goes off to you :)
For me....I'd rather loot duel :)
Valar-Wrath
11-09-2005, 07:05
I have a RL friend that is just like Daniel. He plays this game JUST to trade. He doesn't find the game entertaining at all, just the excitement of making a good trade.
Last season he had nothing. I gave him a 35% travs iirc, that's it. Within two weeks he had an eth botd zerker. Not one mf run. In fact, I don't think he had a character over 20. -_-
That's when I started giving him my items to trade for me. ;)
LOL omg. some people have the business skillZ.
Back in the 1.09 days I was a terrible business man but I had excellent luck with Mfing, and I had a jewish friend (dead serious) who played so each day I would mule to him and by the end of the week I always got like 2 1/2 times the stuff for my items.
So between me and him we both had an account full of fully tweaked duelers.
The trading community is a marketplace. People will charge either:
a) what the item is worth to them.
b) what people are willing to pay.
Maybe this guy valued that ammy a lot for himself. Maybe someone told him they'd gotten Ist for their ammy. Whatever the case may be, the point is you're going to lose out if you're impatient. If you wait long enough and shop around, you'll always get a decent trade.
Quite so; I recall in 1.03-1.06 classic days, there was an item called Tarnhelm (unique skull cap?). It was fairly easy to gamble if you had enough gold, and you could trade it for perfect gems (skulls?) which you could then trade for other items (they were an expendable currency of a sort, as people used them to craft rare items). Tarnhelm had somewhere between +25 and +50 (49?) magic find, generated randomly. Naturally, those with higher magic find (45-50) were worth more -- some 5 perfect skulls, and those with top stats (49/50?) could even be traded for the stone of jordan, while those with around 30 and below were close to worthless in a typical trade. But even so, if I advertised one long enough and to a wide enough audience (spamming one channel usually got me nowhere, I had to join numbered channels in sequence and drop a message in each), I was usually able to push it for 2-3 perfect skulls. It was a numbers game, basically. The more you overvalue your item, the less the probability of any single person buying it, obviously. But the more people you advertise it to, the greater the probability of some one person buying it. Consider, for instance, that the probability of any one person buying your item, at your price, is 0.02%, or 0.0002 (the remaining 99.98% are either not interested, or won't take your price). Then the probability of at least one person in a group of 1000 buying your item is 1 - (1 - 0.0001)^1000 == 0.18 == 18%, which is already reasonable. So you can gouge your prices pretty high above the mean, and given enough time and a wide enough audience, you may still have a pretty decent chance of finding a customer, because you only need one. And given the large number of users just hanging around in chat channels, this was not terribly difficult.
I wonder if someone tried to set up a guild of sorts, one that would buy items off typical users and resell them to others, and/or set up some farming of their own. So they could first get a name for themselves (kind of like Giant Eagle or Blockbuster Video in DII community -- perhaps by doing some dumping trades initially), recruit enough members, acquire monopoly, dictate the prices... :) It was probably unreasonable for the same idea as outlined above -- that there are no inhibitors, either legal or economical, for a small/individual traders as opposed to running a large corporation, but just for the kick of it.
I remember I used to spend hours at the WoW Auction House, just buying and reselling, etc etc. That was what made the game fun to me. I wish d2 had an auction house. :( Then I might actually try to find a way to play more often.
Like many others I cant stand the trade channels, whenever I need something I just make an offer that is about double the value of the item im trading. I find this is in 99% of the cases the only way to get what you are looking for unless the person you are trading with is an older player.
Because generally I would say that the younger the person, the more greedy and willing to ripp off others he will be. While older players care more for trying to make the trade fair for both parties, kids are more ruthless in there quest for wealth. But I dont hold it against them, it's just a question of maturity adn you cant really be mad on someone for being young.
Wow, I've got about 6 angelic ammies on classic right now...maybe I should convert a couple.
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