Cerberus.Eugene said: »
There should be a premium on singles because you can convert them to 100s, but not backwards. But this is ffxi.
Why in the hell would you want a single?? They're useless until converted to the 100 piece.
Ethics And The FFXI Economy
Ethics and the FFXI Economy
Why in the hell would you want a single?? They're useless until converted to the 100 piece.
Also I fail to see how buy low sell high is an ethical question. Welcome to capitalism my friend.
This thread is still going? ;_;
The OP is taking the risk (albeit however small) to make the 300 gil profit margin per unit (30k per 100.) If the 'street price' is actually 5.7k per single on that server, there is no 100% guarantee that the OP will be able to find demand at 600k-per-100 and achieve that projected margin.
If the demand decreases for whatever reason on that server, the OP has a chance to get stuck with currency that cannot be moved quickly even at 600k-per-100 no? At that point, the OP has to either adjust for the market and mark-down (and decrease profit) or wait out until demand increases (delay profit.) So the risk is his, and the profit comes from both this risk and the convenience factor of his actions, I would think.
If the 'ethics' issue is instead that the OP is not actually using the coins to make a relic, and is thus a competitive consumer for a finite resource (and is only looking to make a profit) is that significantly different than those suppliers of those coins that farm them and sell them at-or-above-street-price (and are only interested in profit and not others' completed relic goals?) :/
In any event, I've admittedly bought stuff out of bazaar before that were priced super-inexpensively, purely with the intention of either selling it on AH or to NPC. If the supplier doesn't want it, and is ok with the price they set (and it wasn't some mistake) and others haven't moved yet on the opportunity, I personally don't see who is being wronged in that transaction. :/
The OP is taking the risk (albeit however small) to make the 300 gil profit margin per unit (30k per 100.) If the 'street price' is actually 5.7k per single on that server, there is no 100% guarantee that the OP will be able to find demand at 600k-per-100 and achieve that projected margin.
If the demand decreases for whatever reason on that server, the OP has a chance to get stuck with currency that cannot be moved quickly even at 600k-per-100 no? At that point, the OP has to either adjust for the market and mark-down (and decrease profit) or wait out until demand increases (delay profit.) So the risk is his, and the profit comes from both this risk and the convenience factor of his actions, I would think.
If the 'ethics' issue is instead that the OP is not actually using the coins to make a relic, and is thus a competitive consumer for a finite resource (and is only looking to make a profit) is that significantly different than those suppliers of those coins that farm them and sell them at-or-above-street-price (and are only interested in profit and not others' completed relic goals?) :/
In any event, I've admittedly bought stuff out of bazaar before that were priced super-inexpensively, purely with the intention of either selling it on AH or to NPC. If the supplier doesn't want it, and is ok with the price they set (and it wasn't some mistake) and others haven't moved yet on the opportunity, I personally don't see who is being wronged in that transaction. :/
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When I started building my mythic, that sort of "behavior" (as you put it) was somewhat frustrating, just because the supply of Alexandrite was so very low that one or two rich individuals could very easily shift the price of the entire market. And, assuming you're buying all of your Alexandrite, a shift of 1k per piece is an extra 30 million gil overall.
Granted, just because something is frustrating doesn't make it unethical. And I really don't find it unethical, especially if the supply is so large (as it is with Dynamis currency) that you aren't shifting the price of the entire market in any meaningful way. There's just no sense in complaining about it with a market that large. Dynamis currency is everywhere.
I do hate paying $5 for a bottle of water and $8 for a bucket of popcorn at movie theaters though, I TELL U WUT.
Granted, just because something is frustrating doesn't make it unethical. And I really don't find it unethical, especially if the supply is so large (as it is with Dynamis currency) that you aren't shifting the price of the entire market in any meaningful way. There's just no sense in complaining about it with a market that large. Dynamis currency is everywhere.
I do hate paying $5 for a bottle of water and $8 for a bucket of popcorn at movie theaters though, I TELL U WUT.
[+]
Buying low and selling high is normal practice in financial business matters. If someone complains about it, ignore them, they're ignorant.
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Datnemo87 said: »
I would like to hear other opinions on the subject.
Yes
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