a discussion on the worth of peds...

Entropia Universe Economy General Economy Discussion
21

[QUOTE=Phoenix]
And i dont think excuse “Im poor IRL” should work, those people should get a RL job, i bet even streeetcleaning can give you at least 300$ payment a week…

[/QUOTE]

LMOA!!!

I am a SALES MANAGER in Bosnia and Hercegovina, in a company which is working in international surounding, and gues how much do I earn per month?

5000 $ ? , maybe 6k $???

no, I earn 260$ a MONTH!?

and I need to tear my a$$ appart to deposit some 20-30 $ which I need everry now and then…

Like mighty told, there are ppl from all corners of the world and we are not all able to sit down on our arses, and just “decide” to put 100$ IG, for me it would mean, that I wouldnt be able to see my fiance (which is living in an other city) for one month, and I rather spend my time with her, than in PE.
So I need to buy and sell, to stand all the day on a market place and Jell: Selling BLA BLA BLA.

I dont want to be offending, but think a little bit about that what you told before. There are some ppl here, for whom a amount of 500$ is looking unreachable atm, and not something they spend everry month.

2 Likes
22

My point of view :slight_smile:

To be quite honest - people like me are the ones that would probably be the main focus of this post (egotistical as it sounds).

  • I am a trader in PE.
  • I wrecklessly pK with a love for fallen noobs that is unmeasurable.

A few things I’d like to point out though about traders (some of you pointed out but didn’t really consider that OTHER people feel differently)

  • Person A works 60 hours per week and wants to sell an item so they can replace it with ‘new improved’ version.
  • Person A’s day off is Tuesday.
  • Person A could list item on Monday but didn’t have time to get online that day.
  • Person B also works 60 hours per week and wants to buy an item that it just so happens person A is selling.
  • Person C (myself - or any other trader) knows that Person A is selling and person B is buying.
  • Person A and B may not ever be online at same time; however, person C carries the item from A to B - since he/she has time to do so.
  • Person C takes a minimal fee for this service.
  • A = happy, B = happy, C = happy

Whatever, A B C bs isn’t necessary really but i hope it helps illustrate my point. SOME people want to SELL stuff RIGHT AT THAT MOMENT. OTHERS want to BUY stuff RIGHT AT THAT MOMENT. If someone wanted to sell right then, and there were no traders, they would have to list at low price in auction to sell quickly. In turn if someone wanted to buy stuff right then, and there were no traders, they would have to pay higher than average buyouts. Either way people will whine and moan about traders, but they simply facilitate gameplay - people can get out and PLAY PE since they will have to spend less time in town trying to sell their random stuff that may take weeks to sell (or opposite if buying).

I’d like to also support the statement about making money in PE trading and the comparison to real life currency. I live in USA and have a university education :wise: ; however, I play PE full time and make an above average salary having more fun than anyone that I know doing it. Who in their right mind wouldn’t want to have their job be PLAYING? Someone stated that other countries salaries were very low and I have experienced this when talking to many people in PE as well as the real world - $150 in Romania can be a month’s salary from what I’ve heard (above average salary in fact). In the USA, average varies from state to state, but I believe the national average is around $30k give or take $5k (yearly that is). In my area it is around $38k I think, and I still eclipse that for projected monetary gain from PE per year. Now then, can you really fault the people that are trying to avoid difficult physical or mental labor for wanting to make EASY MONEY doing something they LOVE doing?

I trade almost everything in PE, but there is one thing I’d never trade - my love for trading. Is almost as big as my love for pK (not quite though :smiley: ). So some of you play PE to craft, some to mine, some to hunt, some to pK, and others play to trade. I’m sure that EVERY person that posts here has bought from a trader or sold to a trader and had 1 good experience with traders. The bad apple traders are the only ones that give traders a bad name. Don’t judge an entire group by a few bad individuals.

One last thing before I sign out- those of you with no faith in the PE economy: Wake up and smell the coffee before it is too late! I thought the same damn thing about 3-4 times now, and I have regretted it every time.

Porn Star: *hmmm Prices seem too high, I better not buy that imp fap for 4k (that is 500 ped too much).

Porn Star: *hmmm Prices seem too high, I better not buy that imp fap for 7k
*that is 500 ped too much)

Porn Star: *hmmm … 27k …
Porn Star: *F#@$ I should have bought the damn thing for 2k and now I paid 45.5k (good thinking dumba$$)

Trust me, this economy is cyclic. It will strengthen and weaken a LOT of times. Just roll with the punches. If you do decide to quit though - I’m always buying stuff :slight_smile: . Give me a shout!

Whether you can or you can’t; you’re right.

3 Likes
23

[QUOTE=Cade]
so why does this happen? it never ceases to amaze me.

[/QUOTE]

I try to think hard but I cant see anything too amazing in it. Its all about motivation behind actions. You want to sell something fast, you sell it cheaper. You want something fast and badly, you usually end up paying more for it.

Money has different value for people. 10 pecs for a noob can be more than 100 peds for veteran - even despite their rl incomes. Everyone also dont like trading. How good it is to spend 2 hours doing what you dont like to get some peds more?

If you try to get max benefit from everything you end up in mental hospital. If you never try to get good prices, you end up being poor.

24

very old argummentation…

ppl remember its always the BUYER who makes the prices…

if ppl dont buy at a price ..it will go down…

2nd big effect is availability ..if drop rtaes on high demand stuff is next to nil

..then it will have an horrendous price…

dunno why ppl bitch about that…

same ppl bitching do the same ase the resellers and look at auction if the loot a spare item and sell it at e.g. tt+1k instead of tt+10 or 100

old circle of demand and availability is very important in a ‘real’ economy driven game

EDIT: *bows to ESSI very well put :smiley:

25

[QUOTE=Ragna Rock]
LMOA!!!

I am a SALES MANAGER in Bosnia and Hercegovina, in a company which is working in international surounding, and gues how much do I earn per month?

5000 $ ? , maybe 6k $???

no, I earn 260$ a MONTH!?
[/QUOTE]

But you can at least buy a beer for less then 1 USD.

I live in Norway, and the average salary here is quite good compared to other countries. I think average salary is around 4K USD a month. Not far away from that. The sad thing is the high taxes and price level.
Therefore many ppl don’t have so much to spend on entertainment as many can think. Remember that here we live, it is usual to renovate our own departments/houses by ourself to save money because to pay a workman is very expensive. To renovate a bathroom cost around 20K USD and above as an example.

/Kjetil :cool:

26

oki its true, I can buy a beer for aprox 0.75 € :confused:

But the PE money is fixed to the USD, I would gladly give away 20 beer for 200 PED :smiley: (anyone interested ? ) lol

but when I need to give 32 KM (this is the bosnian curency, which is fixed to the euro, 1€ = 1.95583 KM) for 200 PED is it almost twice as much.

I was buying PEDs from one guy in the neighbour town, for aprox 14 KM 100 PED, which is less than 10 $ per 100 PED, but now since they dont deposit, and noone of them has made some nice profit IG in the past month, they are charging 15$ per 100 PED, which is to much, comparing it with my sallary.

27

I am probably one of the few who would be contempt with having the look i want in PE and then spending all my money buying a specific ore. Just keep buying it, make sure no-one else can get it, use a soc to get it all. The prices will soon inflate, you then sell it gradually. Since you bought it cheap and others are selling it higher, you sell mid-way. All your trades get bought forcing others to go cheaper, you buy these and then repeat the process. This is for the heavy investors and I’m surprised it hasn’t been done. Personally I’d do it with a medium rarity ore, this is feasile to buy and can be made rare.

1ped is a 1ped, nothing else.

28

It doesnt matter what the price of the ped is… Problem is when someone is ready pay more rl money for virtual items than you. If someone thinks a cool gun in PE is worth of $1000, he will pay that no matter what is the rate of ped.

If you would get 1000 peds for $1 then the tt+ prices would prolly just be 100x bigger.

PED might as well be tied to New Kwanza of Angola with rate 1:1. Then ppl would just pay around 300k peds for imk2. :cool:

But you have to remember that same is with real life items having limited quantities. I would like to get a nice, thick golden chain but stupid rich people keep paying more for it than I can afford.

29

Well i know its sometimes good for a Laugh to see People Debatting about 0.1 Ped and spend on other Hand Immense Ammounts of Peds on Bad Economy Stuff or Weapons they not have the Skills for.

But what happen when they say, hey its just this damm 0.1 ped il hand this over and it wont hurt me. Next Time the Seller Know damm i have sold my 100 Sweat for 3.1 so i havnt reach the Pain Border i better try to sell for 3.2 from now one. If someone Pay this he will get Spunky and offer for 3.5 and so go on.

As mutch it looks funny in the first Viev people with über Gear debatting for Pecs as mutch it reflect the Marked and the Desire for stable or Falling Prices from the Consumer. There Psychological Borders. People didnt cared if they pay 2.7 or 2.9 Pec/Bottle for Sweat but the above 3.0 Pec is a Psychological Barrier they wont brake unless something dramatic happens on the Sweat marked.

Its the same for all other Goods.
If you always pay what the seller Want you have the Prices doubled or Tripped soon. The Border is where no one buyes and Sellers try always to overraise this Border a little bit.

30

The good old reseller debate :wink:

So let me put my viewpoint forward. I’m kinda aware that my shops are used by resellers to pick up bargains, which I do find interesting. On the whole its not my issue as my business model is a retail one of selling on volume and earning on very small margins.

I can earn small margins because shops are 24/7 and require very little maintenance. And because of that my time can be better spent on improving other aspects of my business and developing new ideas, in particular what I call RL PE. That is contacting other companies and organisations to find synergy or ideas that can be useful in PE.

For example I now sell the output of a number of crafters on the shops because crafters are where I believe the future will lie. So getting together contacts in the crafting community and being able to sell their goods on a comission basis has been a good anchor for the business. They get access to my markets and I earn a small fee.

Let me also put something else in perspective. Business will always happen in PE. But I think what differentiates “Business” between Reselling is that those who conduct business are prepared to take risks to push the envelope forward and are also prepared to make substantial investments. People like Deathifier who made a large investment. Plus the people who are constantly trying to develop new ideas on retail and ensuring goods can be supply quickly and efficiently in the markets.

Personally I’ve probably invested into PE quite a bit, maybe enough to buy half a Treasure Island :wink: And I’m prepared to put more in to continue with the plan of building up a viable RL business in a virtual world.

31

Heh, Mighty, if you read my info, you will see i am situated in a post-war eastern Europe (Croatia) country where an avarage payment isnt enough to pay your bills, not to talk about buying food, or anything else, here marriges pop out only because of pure survival, one pays the bills, other one pays for food, so please dont lecture me on how bad the situation is in any world country.

As this thread goes, it looks like we end up at the beggining again, nothing has changed and nothing will change.

(Guess Stallone was wrong when he said “If I can change, you can change,if you can change, everyone can change.” in Rocky ) :laugh:

Hmph… Anyway, people will continue playing the way they want, there will allways be saints and devils, scammers and givers in this game, so us arguing here has allmost no point at all. :rolleyes:

You want to earn here? Ok,no problem, do it your way, resell, withdraw, resell, withdraw… Do anything you want, anything that makes you happy, but i only said that before you decide to do something that kills this game, and makes you happy, remember all the people sitting in front of their screens and just trying to be someone in this Virtual world, isnt that killing other peoples dreams?

“In time being poor,i had only my dreams… I’ve spread my dreams under your feet,so thread lightly,because you are threading on my dreams”
W.Shakespeare;Yeats

2 Likes