I would love to hear other players thoughts on the current state of the Credit Market. My own personal opinion is that it is F*cking Broken.

Now, in real life I am all for a free and fair market. If someone is willing to pay a certain price for "goods and services" then by all means sell it at that price. Now someone will argue that we are doing this now with the credit market. Yes, players are buying, selling and even trading credits everyday. I would say we have a Free market, but I would strongly argue that it is Fair.

Currently players can Buy a credit for $450,000 gc. I believe this is an unrealistic and unfair price for the player base, especially for any new player joining the game. I would like to suggest that we cap the max value of credits to $250,000 gc each.

Again, would love for other players to join in on this topic. What other suggestions do you have?

I agree. Not much to add, just that I agree.

I rarely check the credit market myself, but it's both in a way surprising yet not surprising that the credit price is that high. I remember when they were on average only about 300K or less. My guess is market manipulation, with folks constantly pushing the price higher and higher. But yeah, capping the market to a maximum and a minimum price would solve that. Meanwhile, banks can still charge whatever they want for their prices, so that way it gives a little more incentive to own a high level bank.

If we were to cap the price, then what would be the purpose of also cutting down the price of a credit by a tenth of its worth (this has been a popular suggestion in the past, I’m sure will get implemented at some point.)

Wouldn’t that suggestion in the past do the same thing, making credits worth less than they are now?

Ditto. Its absurd. The cost of a raid is extraordinary now. I need about 15m to even cover voodoo before I start plundering .. Lucky to get that back. Used to be 20+M was decent days work and worth the set-up costs.
Now 20M is almost a lottery win unless the big big vets get lit - there is little profit.

I am strongly opposed to this. In my opinion, the market is both free and fair, and works well.

Also, remember how credits were traded before we got the market. People would trade credits still. We agreed on a price, then I sent you credits, and you sent me gold. If we break the credit market, which we would do with such a cap, then that is what we'd return to.

Also, with such a cap, would anyone really be willing to sell credits that cheap? I highly doubt it.

Credits have the price they do because that is what people are willing to pay for credits. That's what credits are worth. It's really that simple.

viewtopic.php?f=34&t=5314#p93697

I believe this will solve the credit price problems in the future. This topic links to an approved suggestion, and this is an add on to my previous post.

the market was one of the contributing factors to why i quit spending cash not the big reason but just one of them
of course there will be those who oppose and those will be one of the ones creating the issue
i mentioned its manipulation within my 2nd month being here
i disagree that the price is what people want to pay but because of several players its the price folks are forced to pay ... there is a difference

im set up to not care one way or the other but market manipulation does strangle growth of the game and newbs
its a way to manufacture how certain people want the game played
change my mind

100%

Dmanwuzhere wrote:i disagree that the price is what people want to pay but because of several players its the price folks are forced to pay ... there is a difference

change my mind

t's a free market and it works as how a free market is supposed to.

1. If the price cap is changed players will return to/create an informal market.

2. Any cap lower than the current selling price would be binding. Thus would force players to sell at the cap or leave the market, that is neither fair nor "free". It would also yield worst results than now. Who would be willing to sell below the highest price available?

3. Supply and demand brought the prices to where they are now. If the cap is reduced then players will simply pull their credits from the market and sell privately at the same price.

And, as a few of us have no time for such trivial activity we will stop selling altogether. Less sellers mean those willing to sell (informal market) have more command on the price. A market cap might actually result in higher prices.


Let the market act as a market. Prices fluctuate, buy low, sell high, no intervention is needed.