How To Fix Trade Market (and Economy?)

If you are reading this thread, you are probably also concerned about the massive dupe scenario, and the trade market being down for more than a week now. This thread is meant to provide a solution for fixing trade market, what has a good impact on economy as well.

Why is Trade Market good?

It's been a while, since trade market got released, and it brought a very useful feature to the game.
- Players can have access to items, what other players are selling from all around the server.
- You don't have to set up a meeting with the seller/buyer to do the trade. Anything what is put on the trade market can be bought anytime.
- It's a crucial part of professions - you can buy materials, ingredients, scraps, you name it.
- Useful for low level players. You don't need to find better items, or make trades with the players directly, you can do it indirectly real time, via the trade market.

What is bad about Trade market?

The good thing about trade market is also the bad thing about it, it's too easily accessible, the trades are done (way) too easily.
- When talking about more expensive items (such as collectibles, mythics) prices dropped, since it's so easy to have access to everything, market gets flooded by expensive items.
- Since the trade market is flooded, prices drop. This makes the economy get worse and worse.
- Market sniping - people get rich by sniping the trade market all day. They are looking for misplaced items on the market, accidentally or unknowingly set too low prices. This is basically a legal form of scamming. - with no refunds towards the victim
- Duping - very recent topic, but today's dupe is not the only one related to the trade market. During the history of TM there were many dupe scenarios. As the example shows, when a dupe happens on the trade market it takes very long to track the dupers. And when a dupe is discovered by players, the duped le or items spread out insanely fast.

How to fix Trade market?

My idea for fixing the trade market is simple, yet effective. Let's set a maximum price per item put on the trade market. The limit is debatable, but I would suggest something like max. 10-20 LE per item.
- This way we exclude expensive items from the market, such as mythics and collectibles (or crafted items).
- Players will still have access to the materials, ingredients, low level items, or high level ungodly items.
- Market sniping is reduced, since you can only gain a couple LE per item, even if someone sets the wrong price accidentally.
- Duping causes are reduced, since there is no way to put useless items for tens or hundreds of stacks of LE (like the last dupe). And if a dupe happens, the spreading out of the duped LE/items is reduced by a lot.
- Very rare item prices (mythics, collectibles, etc) will rise. Currently worthless mythics will have more value, and this could lead to a better economy.

Let me know, what you think about this idea below, and vote if you support it, or not!

P.S.: The maximum prices don't vary by item. It is set in rock. Basically this would prevent mythics being sold on trade market.

 

I would not really call it scamming unless there was actual malicious intent behind the trade.

You posted this statement that you knowingly WILL get negative responses right? Though this won’t really matter much because most people really only put expensive mythics in the trade market to advertise it then get messaged about it to avoid market tax which actually saves a lot of LE especially on higher prices but I still can’t see why you would want to remove expensive items from the trade market when most people just use it to advertise.

I don’t see how market sniping will be patched when your argument was that people accidentally or unknowingly set them at low prices and all you’re doing is setting the max price of items lower which doesn’t restrict people from selling a really good libra for example for like 2le when it is actually worth 1.5stx.

Sure but you could just put scraps or something for like 20le each and sell like 1stack of scraps. Unless you make it so that the total price of those scraps max out at 20le then people could still just list out 5 scraps for 100le.

I’m probably missing something here but how exactly are they going to rise? You’re just making people manually trade for mythics.

I don’t really mean any hate but maybe other solutions? Also feel free to disprove me since I know nothing about the economy nor how it works. Another useless note is that there is actually a cap for how expensive items could be sold. It’s just unreasonably high.

 

"I would not really call it scamming unless there was actual malicious intent behind the trade." - The rules for scamming says: "Scamming is considered selling/buying/offering an item to/from another player who does not know its actual market value.". The market sniper is aware, that the price is lower (or way lower), that it should be sold for. The seller in the most cases doesn't know the market price of the item (or sets it accidentally wrong). Basically it applies to the rule of scamming, just it's legalized.

"You posted this statement that you knowingly WILL get negative responses right? Though this won’t really matter much because most people really only put expensive mythics in the trade market to advertise it then get messaged about it to avoid market tax which actually saves a lot of LE especially on higher prices but I still can’t see why you would want to remove expensive items from the trade market when most people just use it to advertise."
"I’m probably missing something here but how exactly are they going to rise? You’re just making people manually trade for mythics." - the supply is reduced, the demand is the same, or the demand is growing. Less supply/harder accessibility makes buyers pay more for the items.

"Sure but you could just put scraps or something for like 20le each and sell like 1stack of scraps. Unless you make it so that the total price of those scraps max out at 20le then people could still just list out 5 scraps for 100le."
"I don’t see how market sniping will be patched when your argument was that people accidentally or unknowingly set them at low prices and all you’re doing is setting the max price of items lower which doesn’t restrict people from selling a really good libra for example for like 2le when it is actually worth 1.5stx." - yes, I admit patched is a strong word here, it's rather reduced. Since it's more unlikely, that you lost stacks of LE with a non-mythic item. (and to prevent mythics from selling on TM, I think disallowing mythics from the TM completely would be a good idea).

 

Sure make market sniping illegal! Great idea! Get rid of another way to earn money and make lootrunning and profs the number 1 way of earning money. Look some people like me just can't be fucking bothered to do profs and unlucky people such as I (13K dry never found a mythic before) have just given up on lootrunning altogether, so the only alternative I have if i wanna make big bucks is to level up classes, scrap grind go to Seavale Reef (pog) or do market flipping. Also mind you that there are people who don't use the wynncraft forums or discord, so if you ban mythics from entering trade market, how are these people going to sell them?

Also I'm saying this statement without any basis whatsoever because I'm just way too lazy to come up with an argument for it, but your 'fixes' are bad and I'm pretty sure looking at the poll, other people agree as well.

 

this would do alot better in the suggestions section, and also.

i relate to this. one of the largest, most popular ways of making money is to buy something, and sell it for a greater price. Thats how it works real life too! If you think something is too expensive, just look for another one with a lower price. Having a maximum price is unnecessary as it will just make the main way of making money just.... not useful.
think about the consequences
maximum price happens- mythic prices have a set price
breakdown- people get mad, and stop selling mythics on the market
desert- there are very few to no mythics on the market
now people looking to buy a mythic won't get a mythic... is this really what you want?

 

Oh yeah and before people ask, I have 58 LQ and 125 LB and I'm on an Asian time zone so I always lootrun when people aren't playing while using lootrunners discord to check empty worlds, so yeah, I'm lootrunning properly.

 

From what I understand this is only till the market fixes itself, and it is supposed to stop the sales on TM for now till the staff can handle the dupers so the majority of other items such as ingredients can still be bought and sold with ease. As for the buying/reselling, he is talking about buying severely underpriced items that were mistakenly put up for less (forgetting a 0 makes 2m go to 200k) and not buying something worth like 1-2 stx more. Personally I do think waiting for people to make these mistakes is a little mean but at the same time there should just be a type out confirmation when selling high value items confirming the price for things such as mythics.

 

There were times before trade market. And reselling existed. Economy was a lot better. And you could make more from reselling (legally) without the need of staying in front of the trade market 24/7.

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Same thing as before, you can buy mythics without market. And everyone can get mythics without market. Just the process is as before trade market, a bit harder, but this way mythics are more valuable. If you have to fight for a goal harder, achieving it brings more satisfaction, this improves the game experience.

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I think it could be a permanent fix, but implementing this temporarily also could bring fixes for the economy, and we could have trade market back sooner.

 

how does making them harder to get improve convinience... how do you have to "fight" for it? the only way to buy mythics without the market is to go onto the forums, do you have to fight for the forums? no its free to everyone to join.
how does it make them more valuable? It will be the same as the trade market, just way less convenient.
satisfaction? how is going onto the forums and buying it any more satisfying than buying it off the trade market?
how does it improve game experience? if anything you should be able to play the game without the forums. If you want a mythic you have to go onto the forums to get it then, if anything its wayy less convenient, what your saying is the less convenient the game, the better it is? No, thats not how it works.

 

The economy was most definitely not better. I argue that almost nothing has changed. Desired items went for ridiculous stacks of LE in the past and still do now.

Also I don't see the issue with market sniping. When someone scams another player, they are intentionally telling them a false price to sell or buy another item so that they themselves can profit. However with market sniping, no one is telling the selling player what price to sell their item at. The seller has most of the information they need provided to them, they have the listings for other items and they have the two week average. In the end, the price they decide on is solely their decision and if they made a mistake entering the price, oh well.

 

The trademarket is not the cause for mythic prices dropping, loot quality is

 

Partially both of them are