Capping Credit Market Price

[Dmanwuzhere]

This suggestion is a really bad idea. Also, it's not one that solves the underlying problem.

I am willing to buy credits at 350k, sometimes more. I hardly ever sell a credit. With a 250k cap, I would spend all my gold buying credits. Except, of course, no one would be willing to sell. And I'd still offer 350k per credit on the black market.

As for the voodoo market, what matters is the price of cards in gc. When credits go up, I'm willing to pay less credits for certain cards.

If you think credits are worth less than the current price, then sell your credits! If you think voodoo cards are worth less than the market price, then sell your cards!

Alternatively, you can buy voodoo packs instead.

The way credits enter the market is when people spend real money on the game. Remember that. People's willingness to support the game affects the credit market.

horse crap for several reasoms

firstly the folks controlling the market have spent little to no cash in game which is a bigger factor in why i quit spending on pg

secondly the price of credits go up and the voodoo market goes up just as high and cards are purchased between members of a certain group
to achieve that with another participant or two and resold to manipulate prices according to their interests needs or wants

how do i know that?
i was approached to be a part of it some time back and i know who took my place once i declined

see i really dont care about profit to the point i wanna strangle the game
i can talk smack and hit fleets and never burn a credit bank cash then rinse and repeat
but not everyone finds that fun some people prefer to strangle the life out of the game with greed that pays off in pixel wealth
i enjoy watching that too while they scream overfishing and toxicity is the true cause, its kinda funny

the truth is this game will not grow in its current state
change my mind

[Haron]

If someone thinks the market is being "manipulated", and that people profit from this, I would like a detailed explanation of how that is possible. Also, if manipulation of the market is so easy, why don't you manipulate the market to get a price of 250k per credit?

Credits are worth what people are willing to pay for them. Period. I'm willing to pay 350k per credit right now. Why would anyone want to sell them cheaper? Others are willing to pay even more.

If someone thinks the current price is too high, you should just sell your credits and be happy. If you want to buy credits, you need to be willing to pay what the seller is asking. Or better yet, buy credits with real money and support the game. Otherwise, make do without credits.

The underlying problem in the game is that there is no incentive for conflict and battle. Peace is more lucrative. Being a pirate is more difficult, more time consuming and gives less profit than being a trader. The main reason to be a pirate is because it's more fun. Because the game is about having more fun, not about accumulating more gold, right?

[sXs]

I seem to remember you posting a while back congratulating someone on a milestone on the amount of credits he had...... or am I mistaken.

Now for proof of manipulation, you only need to look at the market itself.

A few days ago someone sold a bunch of credits and knocked the price down to around 310-320k... maybe even lower.Within a few hours there were a bunch of small buy order put in for 5 credits each staggered at 5k intervals until the top price was around 390k+ plus again.... then a large order was put in at the highest price.

Two points.... all the small incremental orders were put in within a very short period of time which indicates the same person put those orders in..... unless 5-10 different people put in buy order for 5 credits each all at the same time.

Second point..... the large order to cap it was also placed in very short order.

But heh.... it could all just a coincidence. Maybe it wasn't all one person.... maybe it was 5-6 people all coordinating together.... hmmmmmmmmm


If it walks like a duck, acts like a duck, quack likes a duck....... then it is a duck.



......... or maybe I borrowed Stans tinfoilf hat....

[Haron]

That's not market manipulation, that's a sound way to place but orders, Feniks. If the price is too high, then certainly, placing those orders must have been a bad idea? If I am willing to pay 350k per credit, and someone suddenly sells a lot of credits, filling my orders and the orders below, then sure, as soon a I log on again, I will place new but orders. Some lower, maybe, in the hope that I get lucky and can buy cheap, but most around 350k, the price I currently am willing to pay for credits.

[Dmanwuzhere]

[sXs]

That's not market manipulation, that's a sound way to place but orders, Feniks. If the price is too high, then certainly, placing those orders must have been a bad idea? If I am willing to pay 350k per credit, and someone suddenly sells a lot of credits, filling my orders and the orders below, then sure, as soon a I log on again, I will place new but orders. Some lower, maybe, in the hope that I get lucky and can buy cheap, but most around 350k, the price I currently am willing to pay for credits.

Sorry.... in the US, If things like that were done in the US stock market, you would get a visit from the SEC.

That is classic market manipulation.

[sXs]

It is classic "pump and dump"

Artificially pumping the price by placing a lot of small orders at increasing prices and then selling at the inflated price. It is a violation of SEC rules because it is price manipulation.

Now this is a game, but the definition still holds. The credit market is being manipulated.

The fact that you say it is a" Sound way" to do things just proves the point even further. Also kind of points the finger a bit now doesn't it.

[Haron]

In real life there is no limit on the size of the orders you can place. Thus, one has to place a medium order, then when that is filled, place a new one. That is the cause of what you talked about. Not that it would be manipulation anyway.

Also, placing higher buying orders does not let you sell for a higher price. That just let's you buy credits at the price you place a buy order from.

What happens here would be perfectly OK in any stock market. Now, if there were a way to artificially increase the price without actually buying credits, like posting false statements about how you think the credit price will soon go up further, that could be considered market manipulation. Buying credits, and the prices rising as a result of that, most certainly is not.

If you think the prices are too high, then sell!

[sXs]

In real life there is no limit on the size of the orders you can place. Thus, one has to place a medium order, then when that is filled, place a new one. That is the cause of what you talked about. Not that it would be manipulation anyway.

Also, placing higher buying orders does not let you sell for a higher price. That just let's you buy credits at the price you place a buy order from.

What happens here would be perfectly OK in any stock market. Now, if there were a way to artificially increase the price without actually buying credits, like posting false statements about how you think the credit price will soon go up further, that could be considered market manipulation. Buying credits, and the prices rising as a result of that, most certainly is not.

If you think the prices are too high, then sell!

Go ahead and keep justifying it all you want, it doesn't change the fact that the intent of placing several small orders all at the same time at incremental pricing is to raise the price so you can profit at the inflated price. That is market manipulation by every definition.

The entire goal is to inflate the price. You basically admitted it with your first reply. It is a violation of law in real life.

"Stock Promoter Sentenced to 27 Months in Prison for His Role in International Pump and Dump Scheme"

"Florida Man Charged with Manipulating Publicly Traded Stocks in Multiyear “Pump and Dump” Securities Fraud Scheme Worth Over $19 Million"

"Feds: Two ex-stockbrokers convicted of 'pump and dump' scheme"

[sXs]

"pump and Dump" comes in many facets.

Buying at low pricesto create artificial demand...

releasing false or inflated press release....

incremental buying to artificially increase the price of a low volume stcok.

Like I said..... it is what it is and now we have a bit of verification of the WHO as well.