Is EU's RCE collapsing?

[valentin]

Originally Posted by Clam Jamphrie

Couldn't agree more.... I sold off a lot of stuff lately to fund my game play, thinking I could buy stuff back when I was back on my feet again. I sold a Silverfang about 3 months ago for about 2.3k....I've just noticed they're going for about 18k.... maybe after the LG they'll come back down again...
but I doubt it...

hey ho, idiots rule!

Its crazy.. If a player tryes to rise the prise then all accepts the new price without to ask anything like the Silverfanf from 2.3k ped to 18k peds it would be like i put on a price on 50k for a Pixie armor and then would all accept that last price was 50k peds lol.

Like MA says its up to the players how much they want to pay for it but i dont think so its up to MA because the droprate is bad nowdays on good items then before but there is lot more players here in EU then before so in a way its MA who tryes to get up the prices not the players because they rule the game and they do what they want with it.

( Its something they call "balance" i think ).

[Ime]

Originally Posted by Dion Red Strike

If EU's economy were to fall, it would be directly related to a total world economy colapse, and we'd all be fucked.

Are you serious ? Or i can't see the sarcasm ?

[valentin]

No he dont because if EU economy colapse it would be a end to this game and where would you sold your items then you cant save it for better times and the total world its EU he speaking about ( I hope ).

[Lunar]

The market in PE acts kinda like the markets in rl. Ups and downs all the time. Even when members that have been playing for a long time leave, there is always someone new stepping into their place imo.

I do believe also the introduction of so many (L) items ingame is upsetting some people, but others like them better... and us as players control the prices on looted and crafted items to an extent. I have seen prices for a lot of items through time go up, where as others gone down.. I bought a maddox iv for close to 1000 PED one day and 2 weeks later sold it for ~1200 PED and one month later they were down to tt+500 so in my expirience i have noticed a lot of fluctuation with the market through out time.

just my 2pec

Lunar

[Dion Red Strike]

Originally Posted by Ime

Are you serious ? Or i can't see the sarcasm ?

The sky is falling again....

Yes, I was being completely serious. The fact of the matter is, MA has money, they MAKE money, and I trust that my dollar (PED) is safe.

MA will continue to make money as long as they spend less than they make. For them to spend more than they make, they would have to either spend a LOT more money, or have the player base decrease to the point of no one playing.

I know I'm not leaving. I know quite a few other people that have no intentions of leaving (barring death ofc).

So, back to my original statement, EU's economy were to fall, it would be directly related to a total world economy colapse, and we'd all be fucked.

If there was a complete colapse of the economy worldwide, and all of a sudden money was completely useless, then we'd all be fucked, in game and out of game. Not withstanding the lack of electrical utilities, internet and all sorts of other bad stuff that happens when 'currency' is useless..

Barring a complete and total disaster, as long as MA has electricity and internet, I know there will be participants, and I will be one.

People leave, people come. I have 2 thoughts on this; I can hope more people leave than join so prices actually do fall, and I can afford that mod fap. Or, I can hope more people join, so my stuff is worth more on the market.

Either way, more people, or less people, I will still be here as long as MA continues to upgrade and update the universe.

I suppose I could play devils advocate here, and go with the following tho;
One person (player A) decide he/she needs to quit, and now. He/she sells his/her mod fap, shadow armor, tango, and skills for %50 of market price. Then along comes player B, player B has some real life issues, and does the same with his/her skills, eon, and imp fap. Player C and D see player A and B 'selling out', and get scared, and try to sell there stuff for %75 of market value. Player E says no way, player A & B just sold there stuff for %50 of market value, I really want this stuff, so I'll pay %65.

So, the market value dropped? Yupo, sure did. Did the economy 'bottom out', nope. Did the items all retain their initial TT value, sure as shit did. Would I buy a mod fap for +300k? You're out of your fucking mind. MA gaurantees that they will give me the TT value of all my stuff IF I leave. Why would I pay 30k USD for something that could drop in perceived value in a matter of days because a few people are having IRL issues?

My point? Don't buy anything at 'market value', buy it at how much your willing to pay for it to be able to use it. (TT is what I pay for most of my crafting stuff, fyi)

I'm ranting again...

I shoudl take this to another thread

~Red

[kenzalhunter]

Originally Posted by kygon

no lol

maybe the United States economy but not EU's

I'm surprised it took this long for someone to say that (my net has been down for a few days, otherwise, I would have).

[Epictetus]

Originally Posted by kygon

no lol

maybe the United States economy but not EU's

Please look up the size of the U.S. economy compared to the rest of the world, and the amount of gold reserves compared to the world and report back.

[Sloe]

Sorry, HAD to point this out.... money has nothing to do with the gold..... Money in the US is worth according to the amount printed (which is printed with a debt attached, meaning it's impossible to ever pay the debt off as u can only pay it with more money, meaning further debt.....), get ur facts straight Btw, most ppl don't realize, it's against the very reasons the US was founded.... but i digress...
PS. When the gold standard was abolished, they actually forced ppl to turn in their gold if i remember correctly, essentially robbin ppl lol

[kygon]

Originally Posted by Epictetus

Please look up the size of the U.S. economy compared to the rest of the world, and the amount of gold reserves compared to the world and report back.

I get the feeling you think i'm insulting the US, I am not! I'm simply saying that the US economy has started moving from a "recession" into a "deep recession"

(I suggest you go look these up what this actually means and report back

gold reserves the size of mountains does not help when a country hits "deep recession" there is no growth, spiraling national debt, massive house repossessions & decreases in consumer spending and as a result increased unemployment etc. etc.

and I really do not mean the "US sucks" or anything of that type as a IRL property investor who lives in the UK I am very interested in changes to world economy and how it will effect me.

[Auktuma]

Originally Posted by Ronin

Is Entropia universe's Real Cash Economy crashing?
I was looking for a new set of plates and i could not help noticing that over 50% of all shops in all shopping malls were closed/empty/fee not payed... The shops that were open hardly had any items in them...???:

Shops/malls are just for some constant specialised service and that service is still too young and searching for ideas and actors.

Originally Posted by Ronin

Markups at auction are insane

You say markups are high? Doesnt that mean that there is demand for items, doesnt that mean high activity on market, doesnt that mean that new working space is opened for miners, for crafters?

Originally Posted by Ronin

... and even some of my ingame friends are chipping out after years of playing!

Very cool thinking to refresh mind and do investment into areas what are acftive at time...

Long live EU!