Grand Exchange Update

So as some of you are aware, Jagex has recently further nerfed flipping. Their first attempt at nerfing it was when they brought the buying limit of potions to 1,000 every 4 hours, from 10,000. Now, as far as I know, although I could be wrong on how it works. Once you buy an item, and sell it, you cannot re-buy it for another 4 hours.

I flip partyhats, and whilst flipping, I kept forgetting to take into account about the nerf. What happened was I eventually bought and sold Purp, Yellow and Red partyhats. The worst part about this is how unstable rares have been. They're taking a big crash.

When I tried selling my Yellow Partyhat for 1023M (Bought for 1025M), I read on the forums that someone instantly sold theirs for 1021M. A few minutes later of waiting, I decide to go to R quark FC to check on its price. To my surprise, they tell me Yellow was now 1005M! It dropped 18M within a few minutes.

Long story short, within a few hours (2-3), yellow dropped to 1B and later rose 15M+. Next was Green, it rose, then Red. I go to sleep, wake up, and Yellow is now below 1B. I lost 20M on my red partyhat when I woke up. I got my Red for low, pretty much rock bottom when all the partyhats were dropping, and it further dropped another 20M.

So the discussion here is "is it now better to invest in supplies rather than rares? Rares have become so unstable".

How do you see the market in 3 months from now?

Obviously flipping had a huge impact on the Grand Exchange. You could buy and sell Bandos Tassets and lose 20k only because of the amount of flippers around creating a small profit/loss margin. But now the profit margin would be bigger, riskier and the poor will lose more when buying and selling because of the increase of margin.

What I see happening is merchanting clans coming back, they invest heavily on an item, and dump it soon later. That's the only solution for merchanters now, having to resort to investing.

Another thing would be more people in World 2. People buying, because they are unable to buy it in the G.E.

I'd appreciate if people posted more than a 1 sentence thread. Without comments such as "market is so unstable, i didnt know about this update thx".

 

Honestly it is not bad to invest in rares at all! Sure they take a dip but come August they'll shoot right back up.... and they're called rare for a reason.. they always go up. Mod MMG said that an average of 10 partyhats leave the game per year. Eventually over a course of a while, they'll be so freaking expensive if the game lasts... So why would you not want to? They can only go up.. if they go down it's jagex's fault and they'll go back up soon

 

What exactly was the new update that nerfed the GE?

 

I think you should stick with your party hats, they will rise soon enough as MMOexchange said many party hats leave the game each year so soon they will be worth loads. Just stick it out as a long term investment.

 

Thing is, yes they go up long term. But would I really want to make 100M in 6 months? When I could make more from supplies, stocking for BXPW, or flipping lower more stable items.

For example, you buy a Purple Partyhat in the Grand Exchange. You sell it for 2M more. You cannot buy it back, you have to wait 4 hours to get the chance.

^ I'm not looking for a long term investment. I'm, maybe was, a merchant. Merchers can make beat the long term investment by far. By that I mean they can make more than how much a phat would rise.

Thing is how will merchers make money now? They would invest in supplies. Doing so means they would get rid of their rares, possibly phats, to buy supplies and cause a crash.

Would this affect the Gold Market? A yellow partyhat was around $700 recently. Now it's about $500. One of the reason gold went down was because of the glitch stake. But that should have pushed partyhats up and to a point where it would still cost $700 (Yellow). Is the market just a little behind on updates?

 

Jagex possibly cant fuck the game anymore then they already did, it's impossible.
But they manage to find a way, smh.

 

my thoughts exactly

Honestly though merchers in the first place fucked the shit out of the economy.. i'm not talking about you personally just as a whole with the supplies thing.. really? one week I gotta pay 50k for a rocktail and next week 50gp.. it's just killing us who actually need it instead of hoard it for greed... once again not directed at you..

so some of us would consider it a good update

 

Flipping never really worked out for me because of the merchanting clans so i gave up on it pretty quickly. Can't you just buy in g.e. and sell on world 2 for profit instead of using the grand exchange completely? Or could you just have 2 accounts? One account to purchase things with and one to sell things with.

Also it would be a little bit clearer if you used numbers like 1005M instead of 1.005B

 

...

Let me break it down to you on why "Flipping" actually helps. You're talking about "investments", as in where a clan/group buys out an item and dumps to make a profit.

Here is why flipping helped.

Player A - Merchanters
Player B - Impatient Buyer/Seller
Player C - Patient Buyer/Seller

Let's take Bandos Tassets as an example. Let's say its mid is 12.5M. Player B puts an offer 20% above mid because he's impatient and/or needs it right that moment, he gets it for 13M instantly. Player C is a patient buyer, he puts an offer to buy for 12M. Player B, being impatient and is done using it decides to sell it an puts it for 20% below. He sells it to Player C instantly who is patient. Now what is his loss? 1M. Player C, being patient, could profit 1M off that. But what if Merchanters (One that flips and now invests in long term) were put into play? Player A puts an offer for 50% more than mid to buy, and to sell. He buys a Tasset for 13M and he sells it instantly for 12M. Now in order to flip, he would buy Tassets more than the highest buy offer (12M) and he would sell it for less than the lowest sell offer (13M). He puts an offer for 12.1M to buy, and when he buys a few, he would put it for 12.9M to sell. Now add 100 Player A's to the game and the margin between buying and selling tassets turn into a mere 50k. Now Player B, the impatient one, would lose a mere 50k rather than 1M.

A lot of us are impatient, and without people flipping you now know where the RS economy is headed. You think it's a good update that you will now start losing more when buying and selling something instantly, now that the margin's gap widens.

Edit:

Clans have little to no effect on flipping. Flipping is basically knowing how much an item buys and sells for. When you know that, you'll know the profit margin. If it's big enough and you're satisfied with it, you pay 1GP or so more than the highest buying offer. Once your offer has been completed, you then sell for 1GP or so less than the lower seller. You then make X Profit.

Flipping is more short term, really short. And it's safe because you hold onto it no longer than 2 hours, if you do, you know it's going down a bit or someone just undercut you. Undercutting one another is what makes the margin smaller, but it also makes it safer and less risky for players that don't flip. My example was buying something, and selling it 20 minutes later, losing a mere 50k.

And changed.

 

if you sell an item you can still buy it back just dont know the item limit, earlier to day i bought and sold 3 ags's and 3 bandos sets within like 2 hours.

 

Until you hit your limit.

I'm not exactly how sure it works. But let's say if you buy 1,000 Prayer Potions (4), sold it 10minutes later. You won't be able to buy it for another 4 hours.

I think the buy limit for AGS is 10. If not, you bought 3 AGS simultaneously and sold it. I doubt you would have been able to buy it back until 4 hours have passed since you bought the first AGS>

 

Good update imo. I've despised flipping since the introduction of GE.

 

Flipping rares is a terrible idea because of the volatility you describe. I don't even flip them, but I can tell you that. Investing is a whole other principle, if you wanted to invest in a couple for a year or two then that is cool. You really have to catch the right 'wave' when flipping a rare and it is difficult to determine that wave.

Also, if you buy out your limit then resell the entire limit back then you can re-buy it back. It negates itself essentially.

 

Clarify. I explained why flipping was a huge help when it came to stabilizing the economy. Why do you despise flipping?

You're saying you prefer investing over flipping. Where investing was used before FT and clans merched items. Please read the whole thread, I clearly stated not make posts like this.

No. This isn't what I'm talking about. I'm not talking about the update that happened last year..

I'm saying once you buy out your limit, and resell. It doesn't negate itself anymore. It's caused phats to go crazy with its street price.

Flipping rares wasn't a terrible idea. It's a lot safer than supplies/cheaper things. I've made more profit than with rares than I ever have with cheaper things. I'm saying that now it's a horrible idea, because of the nerf.

It's not hard to catch the right wave when your margins are correct. Well, it wasn't. Now it's extremely difficult to catch the right wave. I've attempted to, but with rares being extremely unstable I've failed. Purple was at one point 970M. It then dropped, and continued to, to 890M. I managed to snag one for 890M, an 80M drop is big and that was its all time low since FT was released. Next thing I know it goes down to 875M.

 

They just reverted to how they had had it before Free Trade.

People still flipped back then as well, so I don't see it as a huge blow really.

 

Or you could disregard the Grand Exchange (besides for skilling supplies) and merchant the old fashioned way, through player to player interaction.

But thanks for the heads up on those prices, haha.

 

I'd support this, flipping makes money making way too easy. People who want to merchant should actually work for it, just like the old days. I'd even support the total removal of the grand exchange except it would cause an uproar within all the non-veterans.

 

Requested lock.