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Gracious Conversationalist
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 Posted: Thu Mar 31, 2011 7:21 pm
Hi, just joined. Was a member with my other Avi before. I have to share this. Cash vs. Gaia GOLD market value EXCHANGE 'deflation' -movement : The changes in zOMG and around gaia have me wondering why people arent united to educate those trying to make the gaia GOLD have a higher value in a cash exchange than it does right now. Beenz Angel_Candy me Beenz The marketplace will never contain items that are as affordable as gold shop items, I do realise that : ) I also realise that cash shop items are, of course, going to be a lot more expensive then gold shop items. A bit of inflation can be good, but in this case it is starting to verge on the bad. The scaling of item prices in the marketplace have gone askew. Items that are naturally going to be expensive are too expensive, because people are getting higher gold incomes through zOMG. So vendors can increase their prices in accordance with this, and it works because people still buy their items. It's getting to the point where 100k is becoming a worthless amount of money because it can be deemed as "too little" money in the MP. Newbies are being put off the site because they see the massive price tags on items and think 'I can never afford that'. The purpose of the nerf is to help give value back to the money, if that makes any sense. How much the items cost is all relative. If we all had 100,000g, 100 gold would be almost nothing to us. If we only had 1000g, that 100g would then be worth a lot more. If the nerf helps, it shouldn't matter if you're getting less gold in the game because that money will in effect be worth more on Gaia. Yes, inflation is inevitable, but that doesn't mean that we should just let it be and run it's natural course. It needs to be kept in check and managed so that the economy doesn't go haywire. ( Also also, I believe "timming" should be spelt 'timing' ; ) ) I hear you. But think about this. cash = ? gold in an even echange, Cash has what GOLD Value? Usually it is: $.10 cash for $10,000 gold.The focous on the $100,000 gold having a higher value in the marketplace would mean that my cash items would sell for less than the fair market exchange value.
$1.00 cash should equal = $100,000 goldWhere do you see this happening? The problem is that gold shoppers want their gold to go farther, but they do not consider the cash loss the cash shopper is having for the gold shopper to have more value in their gold. $1 Gaia cash equals about 10,000 Gaia gold, if the marketplace amounts for a normal supercharger are anything to go by, but it does depend on the item. Cash does not have a fixed Gaia gold value. o3o If $100,000 gaia gold has a higher value in the Marketplace, that means that the cash shop items, which also translate into gold once you sell them on the MP, would therefore also have a higher MP value. But probably not in the sense you're thinking of. Back to the example I gave before; You/ everyone on average has $100,000 Gaia Gold. You buy an item for $.1 Gaia Cash and sell it for $10,000 Gaia Gold. This equal to 10% of the amount you had before.
You/ everyone on average has $1000 Gaia Gold. You buy and item for $.1 Gaia Cash and sell it for $100 Gaia Gold. This is still equal to 10% of the amount you had before.Obviously, deflation would not happen on such a drastic scale as this, but it's just an example with different numbers to give you an idea of how it works. ; ) Just because a bit might get knocked off the marketplace price, doesn't mean that the item is worth any less. Like I said before, it all depends on the scale on which you're looking at it from. : ) Quick edit;Just a thought but Gaia is a business, and as such their primary goal is to make money. (If a business tells you otherwise, they're lying. xd Charities aren't, or shouldn't be businesses so they don't count. ). As such, if their goal is to make money, they aren't going to change the site in a way that is going to discourage people from buying from them unless it stabilises the company in the long run. If anything, they want to encourage people to buy Gaia Cash, especially since it helps deflation. -------------------------------- Just have to ask what is your opinion? Help me understand why these players are wanting a Cash exchange deflation ?
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Posted: Fri Apr 08, 2011 7:56 pm
Rare items are just that. Back in beginning 04 an Angelic scarf was around 500k? That was a seemingly impossible amount of gold to obtain for the time. I'd say for items like that, they are just as difficult to get now as it was when Gaia started. The items in the shop are just easier to grab. I remember when having certain shop items could be impressive (15k+). People out there paid $2.50 (or was it $5?) for a Halo. Wrap your mind about that and cash shop items do not seem as invasive 3nodding
Not to mention that person could not spell realize. ninja
Deflation could never happen. What if someone had all items and another person had all gold? The person with items would get richer while the person holding pure only would get poorer. I think people are just being whiny babies because they aren't keeping up with inflation. emo
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Posted: Fri Apr 08, 2011 8:43 pm
Epic Period Deflation could never happen. Deflation HAS happened. I believe it was Spring 2008 when Gaia finally plugged a number of holes that botters were using to make gold, and the gold supply dried up fast. Items like Kiki, which were selling at 1.2M - 1.4M at the time, dropped to about 700K. (I know because I bought at that price.) The market did recover over time, obviously. What happened is that Gaia introduced a number of new ways to make gold - zOMG and Booty Grab being among them. Because making gold causes people to hang around. Gaia's in the process of making gold harder to come by for awhile. Not impossible, just harder. And especially with the fire hydrant of new items being pushed out, it tends to put downward pressure on the prices for older items. But older items, especially MCs, see a dwindling supply as people either buy them to keep, or leave Gaia and everything in their inventory becomes stuck with them. And I expect that once Gaia has finished this round of "adjustments" to the gold supply, some bright spark at HQ will come up with a new way to make gold, and the market will again recover. I just wish I'd bought MORE during the last deflationary period. I'd be rich, I tell you wink .
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Posted: Fri Apr 08, 2011 11:32 pm
purplewiz Epic Period Deflation could never happen. Deflation HAS happened. I believe it was Spring 2008 when Gaia finally plugged a number of holes that botters were using to make gold, and the gold supply dried up fast. Items like Kiki, which were selling at 1.2M - 1.4M at the time, dropped to about 700K. (I know because I bought at that price.) The market did recover over time, obviously. What happened is that Gaia introduced a number of new ways to make gold - zOMG and Booty Grab being among them. Because making gold causes people to hang around. Gaia's in the process of making gold harder to come by for awhile. Not impossible, just harder. And especially with the fire hydrant of new items being pushed out, it tends to put downward pressure on the prices for older items. But older items, especially MCs, see a dwindling supply as people either buy them to keep, or leave Gaia and everything in their inventory becomes stuck with them. And I expect that once Gaia has finished this round of "adjustments" to the gold supply, some bright spark at HQ will come up with a new way to make gold, and the market will again recover. I just wish I'd bought MORE during the last deflationary period. I'd be rich, I tell you wink . Still don't understand why the players want this deflation. And, I don't see how zOMG is the source. I see any way someone can make gold as a denominator, but truly to what degree is zOMG in this? I still think there are ways to minipulate the gold and the marketplace. The problem I am have now is how gaia is using this (gold, and marketplace,) to minipulate my cash. >.>
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Gracious Conversationalist
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Gracious Conversationalist
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Posted: Fri Apr 08, 2011 11:40 pm
Here's this weeks update about zOMG though. From the SHIFT clan announcement: (Of which both Beenz and I are members. -I'm a new memeber.) SHIFT clan zOMG Gold Curve Update According to z!F information, [ JK ] announced at the last dev meet that they will be changing both EB and PS. These changes should prevent people from completing End Boss in under 20 minutes, and of course will mean that the gold curve shall also be removed from the game. Changes should be implemented in the next week or so and are expected to happen at about the same time that the latest Buddies are taken off the shelves.
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Posted: Fri Apr 08, 2011 11:42 pm
Angel_Candy me Still don't understand why the players want this deflation. And, I don't see how zOMG is the source. I see any way someone can make gold as a denominator, but truly to what degree is zOMG in this? I still think there are ways to minipulate the gold and the marketplace. The problem I am have now is how gaia is using this (gold, and marketplace,) to minipulate my cash. Players THINK they want deflation because "items are too expensive". They think if the price goes down, they'll be able to afford things more easily. But that's not how it happens. The time it takes to earn certain desirable and rare items tends to stay about the same - because in a deflationary period yes, the price goes down - and so does your ability to earn gold. It's the same thinking where they want higher gold payouts because they think they can earn items faster....when the prices rise along with the gold payouts. But people don't think about that. They just think "things are too expensive" rather than "how long will it take me to earn the gold for this item?". Investors don't want deflation, because part of the way investors make money on objects is through inflation. But Gaia's economy is a lot like the real world economy in that it goes through cycles, and it's been in an inflationary period for a long time. It's long since due to swing back. Smart investors can take advantage of this over the long term. zOMG had its gold rewards raised awhile ago, which added a lot of gold into the system. They've announced over in the zOMG forum somewhere or other that they are adjusting them back down again. This will restrict the amount of gold being generated by zOMG players. As for what Gaia Online, Inc. is getting out of this...I have theories, but it's late and I'm tired smile .
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Posted: Sat Jul 16, 2011 4:31 pm
Huh..? couldn't be bothered reading..
gonk
to much writing...!
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Posted: Sat Jul 16, 2011 8:15 pm
i just wish GC to GG was a steady rate since you have to buy items to turn around to sell but the item fluctuate plus the 2% tax so it sucks. i come across several people selling the MP who somehow in the last 9 months or so they joined gaia and have acquired items like chicky slippers and devil tail and angelic mini wings.somehow they are making tons of gold..now if only i knew the secret to the success.
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Posted: Tue Jul 26, 2011 12:48 am
Epic Period Not to mention that person could not spell realize. ninja He's probably Australian. We spell it that way.
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Posted: Tue Jul 26, 2011 8:58 pm
JustHarley Epic Period Not to mention that person could not spell realize. ninja He's probably Australian. We spell it that way. Huh. Never knew that sweatdrop
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