Posts tagged price
Lvl 10 Dungeon Ranarr Spawn and Jagex’s Great Conspiracy
Jul 20th
Everybody thinks Ranarrs are going to continue crashing because of the new cave which spawns them that you only need 10 Dungeoneering to enter. I beg to differ.
In this cave, Ranarrs spawn once every 100 seconds. This means 36 can be gathered on each world per hour hour. If people can get 8k each for them then (36*8k) that’s 288k per hour. They can also pick up Irit herbs which would add about 100k and make it 388k per hour. But that’s only if there is no competition. If there is, that profit could easily be halved or worse.
Only the noobiest noob would sit around for an hour picking up spawns for (a questionable) 388k gp and no exp. Especially when there are so many other more profitable, less tedious and exp-gaining ways to make money. If the prices did drop alot they wouldn’t stay down for long because then it would be even less worth it to pick up spawns i.e. it might only be 250k per hour then.
The reason Ranarr herbs are dropping now is artificial. Everybody is dumping because people don’t understand that it’s so not worth it to gather ranarrs and irits and that nobody is going to bother. As soon as people realize the truth they’re gonna stop dumping and start buying at max (because the price will have dropped and you’ll be able to get for really cheap.) and the price will go back to normal.
EDIT: I just found out that there are Chaos Druids in the lvl 10 cave,
too. This may provide people a greater incentive to camp there because they can kill druids for their herb drops and pick up the ranarrs at the same time. This means ranarrs might be going down afterall – though not for sure.
If, as they always do when there’s a PvP update or more people playing for whatever reason, the prices of Ranarrs go up a bunch, it will make gathering this way somewhat profitable so people will start gathering again and the prices of Ranarrs will go back to their average price. So what this cave really does is keeps the price Ranarr Herbs and prayer pots from getting too high.
It’s not only the price of ranarrs and prayer pots that Jagex wants to keep low, though, they also want to decrease the price of leveling smithing and prayer. This is, of course, what I call “Jagex’s Great conspiracy”.
Prayer: Frost Dragons drop bones that give 2.5x as much exp as dragon bones but aren’t that much harder to kill than normal dragons. Everybody’s going to be killing them to get 20k for the bones and so there will be a lot of supply and price will go down along with prices of other bones and the price of leveling prayer.
Smithing: There are 3 runite ores in one of the caves. This will make it much easier to obtain ores and thus increase their supply, effectively lowering the price it costs to smith rune stuff. Also, in one of the Dungeoneering caves there are steel + iron dragons and and anvil all together. This means people can kill the metal dragons and then make iron/steel platebodies to get free smithing exp. Plus (one of the most shocking things) one of the resource dungeons holds 6 mithril 3 silver and 13 coal rocks that are right next to a bank and, what’s more, F2P players can access them! This will definitely make the prices of coal and mithril fall, along with the prices of all bars.
More about the whole conspiracy thing: I think it is a conspiracy because this isn’t the first time they’ve done stuff to cheapen or “noob down” skills. Take double exp weekend when people could get 99 summoning for half the money and time or effigies which make lvling slayer a lot faster because they’re dropped all the time and give a ton of exp. I’m sure there are more out there that I’m not aware of. I think they’re doing this to cater to the desires of all the 12 year olds (who make up the majority of their members) out there who all want an easier game.
Is G.E. Price Manipulation against The Rules?
Jun 18th
Price Manipulation/Buyout Clans seems to be the hott topic on Runescape these days. A bunch of people debate whether or not it’s against the rules. I’ve looked closely at everybody’s arguments and I’m convinced they’re not against the rules.
People who believe it’s against the rules usually something like: “Price Manipulation is against the rules because it’s scamming, a bunch of Jagex Mods even said it!!“, “If you tried to manipulate the Market in real life you would go to jail!!” or ““Price manipulation is bug exploitation/abuse!!” These arguments may seem correct, but aren’t.
Let’s look at the first argument- “Price Manipulation is against the rules because it’s scamming, a bunch of Jagex Mods even said it!!“. Yes, it’s true that a bunch of Jagex Mods said it a while ago. However, it appears they’ve changed their minds. In fact, Jagex even wrote this recently in their Tips to Avoid Being Scammed Guide - 
This clearly states that, according to Jagex, no scamming can be done or is done on The Grand Exchange. Even if Jagex said it before, this is what it says now. This argument bites the dust.
Okay, now let’s look at the second argument – “If you tried to manipulate the Market in real life you would go to jail!!”. Yup, completely true. However, what’s true IRL (in real life) is often not true on Runescape. Consider the Thieving Skill on Runescape – IRL it’s considered wrong and you would go to jail if you did it (well… if you got caught :D), but on Runescape it’s not against the rules. How about PKing? Obviously you would go to jail (or worse) IRL if you killed, or tried to kill somebody, this, however, isn’t the case on Runescape. In the same way, Price Manipulation is illegal IRL, but on Runescape it isn’t… Another one bites the dust.
And, finally, the last argument – “Price manipulation is bug exploitation/abuse!!”. Price manipulation is not bug exploitation. Bug explotation is (as stated by Jagex here) attempting to use any cheats or errors which you find in our software. Price manipulation is not a cheat or an error. Jagex knows all about Price Manipulation and has added Trade limits and Min/Max Prices to make it harder for players to manipulate prices. They state it pretty clearly Here-
In closing, trying to do Price Manipulation is currently not against the rules. But, Jagex has already tried some things to make it harder (like Price Limits and Min/Max Prices). And it is harder now, but still happening a lot. Jagex might soon come out with a new way to make it even harder, or even punish players who try to do it, who knows?. So, for now, have fun making money off of them, but if Jagex starts banning people and stuff, you’ll obviously want to stop.
Alright, thanks for reading guys! If anybody thinks that I’m incorrect in anything, or if there’s another argument I left out, please post and I’ll try to give an answer.
Buyout Clans
Jun 7th
On November 26, 2007 the old form of Runescape Merchanting was completely changed. A new contraption called “The Grand Exchanged” (I’ll use ‘TGE’ as an abreviation for ‘The Grand Exchange’ throughout this post) was built NorthWest of Varrok. No longer would players have to spend countless hours typing “wave:red: Selling Yew longbows 650gp each ~ Pale Griffin!!!!” or “Shake:green: Bank sale!!!! 200K!!!! must buy alll!! – M4ul3r Blitz!!!” to try to buy or sell items. They could now quickly go to TGE, and Buy or Sell items in mere seconds – just as long as one of the millions of other Runescape Players was trying to buy/sell that item at around the same price.
The way TGE works basically the same as the stock market. The Market Price of items are simply averages of the prices that the item was bought at. Example: If Tim C666 sold 1 of his Christmas Crackers on the Grand Exchange today for 5M gp above market price, then the Market Price of Christmas Crackers would go up 5M GP. However, if on this very same day Ghoshi4 sold 1 of his Christmas Crackers at Market price then the “price” of Christmas Crackers would go up 2.5M (5M over market price + 0 M over Market price = 5M Divided by two = +2.5M). With this information, try to answer the following question, if you figure it out, post the answer and if your the first person to get it right I’ll give you 666 Teddy Points - If today: 6,000 Glories were bought at 1.5K under market price, 15,000 were bought at 1K under market price, 30,000 were bought at market price, 10,000 were bought at 1K over market price, and 2,000 were bought at 1.5K over market price, how much would the price of Glories rise?
Anyway, people realized they could drive the price of an item up if they bought a bunch of it at Maximum price because the average price it was bought up would be higher. So they got their buddies together and all bought a certain item at Max Price and made a lot of money when the items rose. Soon tons of people started doing this and it got out of hand. Some people made so much money that they had enough money to buyout an item all by themselves. Jagex obviously never intended for this to happen, so they introduced “Trade Limits” which kept people from being able to buy crazy amounts of items in little amounts of time. Before the Trade Limits if some guy had around 1B GP he could buy over 5M Coal in one day. But after the Trade Limit update, it would take him over a month. if he got around 30 people to buy coal with him, he/they could buy it all in one day.
So, after the Trade Limit update, people could no longer buyout items by themselves, so they were stuck making clans and using tons of people to do it. This can be harder than it sounds though because you can’t always trust everybody in the Clan. Some might sell early because they’re afraid it’ll drop soon causing the item to go down. But even still, many Buyout clan’s are still doing well today
Congratulations, now that you have read all of that you should basically understand how they got started and how they work. Now I wanna go over some ways that you can make money through these buyout clans.
1. One of the worst methods that I don’t reccommend is to buy an item that is going up a lot in price at at maximum price, and then sell it when it starts going down or it seems like it’s about to start falling. This method is very risky because you’re buying the item for a price higher than it’s “usual” price, and if the item starts falling (usually because of a “dump”) you might have to sell your items for a fraction of the price. Consider the guy who bought crystal keys at 100K and then they dropped to below 50K each, if they spent 10M on them, they would now only have 5M.
2. A Fairly safe method - Join a buyout clan. If you do this, make sure that you buy the item as soon as the clan announces the item. If you buy the item as soon as it’s announced then you can usually get it for around market price, but if you wait a little bit you usually have to buy it at max price – and even then you might only be able to buy little or none of the item. Also, it’s very important that you join a Clan that has a good record. Right now the CCs ‘Smokin Mils’/'Smokin Mils2′ and ’2lum’ are doing very well and usually more than double the price of their items (‘Chessy018‘ is okay sometimes too, but usually the people there dump early, so if you join her’s you’ll wanna dump really early.). Of course, for all buyout clans, you should always try to sell your item before everybody else does.
3. Buy commonly bought out items at Min price when they’re close to their “normal price”. This method is great for people who have a lot of money, because they can put more money into an item than you would be able to with a buyout clan. I.E. If you started buying Crystal Keys with Smokin Mils as soon as the item was announced you would probably only be able to buy a few hundred keys – which is fine for some people with less money. But, if you were already buying Crystal Keys before it was announced you could’ve bought thousands of them. Of course the trick in this is that you have to guess when an item is about to be bought out. This may sound difficult but it’s not really that hard. Let’s look at one of my favorite items for this kind of Merching – Rune Boots (scroll down below and look at pic). As you can see, Rune Boots were already bought out unsucessfully twice this month by smaller Buyout Clans. The reason I say that they were bought out unsuccesfully is that they didn’t have enough money to make the item rise very much, or the Clan Members members dumped early for whatever reason. So, like I show in the picture, the times to buy are right after the buyouts when the item is getting close to it’s “normal price”. Anyway, one of the most important things when it comes to doing this sort of Merchanting is that you sell the item as soon as you can at Maximum price. You might be tempted to hold onto them in hope that they’ll rise a lot, but you shouldn’t unless they were bought out by a very good Buyout Clan (like 2lum or Smokin Mils). The reason I say this is that, for the most part, buyout clans usually don’t succeed in making the item go up a lot and if you don’t sell as soon as you can the item often drops – as is seen with rune boots.
Alright, thanks for reading the post! I’ll make another post soon about whether doing Buyouts are against the rules or not.
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