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Re: Can someone please tell me how you determine value?

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romuluz is not online. romuluz
Joined: 12 Apr 2010
Total Posts: 18124
27 Apr 2014 12:16 PM
Like what factors determine it etc.

I've immedeatly thought of all LOGICAL ways that I thought people determined value.
(i.e., that graph thingy, prices on the board) and have been proven wrong each time.

Someone please tell me how we determine value, because I'm slowly starting to think it's a stupid system and we all should have continued using the RAP system the ADMINS DESIGNED SPECIFICALLY TO DETERMINE VALUE WHILE TRADING.
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romuluz is not online. romuluz
Joined: 12 Apr 2010
Total Posts: 18124
27 Apr 2014 12:17 PM
bump, someone tell me or i will conclude that the system is stoopid.
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romuluz is not online. romuluz
Joined: 12 Apr 2010
Total Posts: 18124
27 Apr 2014 12:22 PM
system is stoopid, no one has told me how it's done.
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Shedix17 is not online. Shedix17
Joined: 27 Dec 2009
Total Posts: 1292
27 Apr 2014 01:26 PM
Price .-.
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JustYourDailyNoob is not online. JustYourDailyNoob
Joined: 19 Jun 2011
Total Posts: 34605
27 Apr 2014 01:28 PM
What the item goes for commonly
Don't listen to people who say
Things like
Oh ac is 210k

The thing is some people are going by values we used to go by months ago however it's discountined
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romuluz is not online. romuluz
Joined: 12 Apr 2010
Total Posts: 18124
29 Apr 2014 12:51 AM
Let me correct you there, both of you.

If it is determined by price and what the item commonly goes for alone, then how do we get items that are selling for 20-30k for instance but have a reputation, and a strong one supported by many people saying the item is worth 60k?

It makes absolutely no sense.
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iZagiz is not online. iZagiz
Joined: 24 Apr 2010
Total Posts: 8265
29 Apr 2014 12:54 AM
@Rom it's like USD vs Monopoly money


Both are made of paper


If you sold the materials to make the items it'd be like a penny



But it was we determine the price of a dollar is and if everyone goes by that value then that's the definition of the value of a dollar.




If we value the items are certain values and everyone goes by it then that's an ecosystem



Demand and value plays roles in the items just as much as real world items in stores such as walmart.




If it has no demand they drop the prices so they can sell them


If it has high demand they will raise it because they know people will buy them.
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KneeToHead is not online. KneeToHead
Joined: 13 Feb 2010
Total Posts: 29635
29 Apr 2014 12:55 AM
[ Content Deleted ]
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LordRejection is not online. LordRejection
Joined: 27 Jan 2013
Total Posts: 10371
29 Apr 2014 12:56 AM
er
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iZagiz is not online. iZagiz
Joined: 24 Apr 2010
Total Posts: 8265
29 Apr 2014 12:56 AM
Also I do think whatever the item sells for is the value.

NOT RAP

but what the item gets normally for offers.


And some people will take UPs to get rid of it and some people will only accept OPs



And if we went by selling value EST and such would still be high up there since owners will only accept 3M robux


It'd lower value inflation
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wazap is not online. wazap
Joined: 29 Jun 2007
Total Posts: 23234
29 Apr 2014 12:57 AM
heres how you determine it
RAP+1000 *Whatever random number ppl want.
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paola23 is not online. paola23
Joined: 22 Jun 2008
Total Posts: 2122
29 Apr 2014 12:57 AM
the value is what the owners make it tbh
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KneeToHead is not online. KneeToHead
Joined: 13 Feb 2010
Total Posts: 29635
29 Apr 2014 12:58 AM
[ Content Deleted ]
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romuluz is not online. romuluz
Joined: 12 Apr 2010
Total Posts: 18124
29 Apr 2014 12:58 AM
@Izag: Don't get me wrong, I COMEPLETELY understand how demand works and it makes sense and can be measured, but from just trading I have learned that demand does not factor whatsoever into configuring the value of something.

For instance, an item can have really bad demand but it's value can be through the roof at 120k for example, mainly common in rare items.

@Knee: Absolutely correct good sur, thank you for confirming.
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paola23 is not online. paola23
Joined: 22 Jun 2008
Total Posts: 2122
29 Apr 2014 12:59 AM
that's only if they overvalue it

the owners determine the value of the item as they can choose what to or not to trade it for
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romuluz is not online. romuluz
Joined: 12 Apr 2010
Total Posts: 18124
29 Apr 2014 01:00 AM
@Wazap: And we see no problem in this utterly stupid system?

That's not how real economies work and while here, on roblox we cannot hope to reach a completely realistic economy that is actually stable and works, the RAP system was the closest to it.

RAP>Value, kay.
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paola23 is not online. paola23
Joined: 22 Jun 2008
Total Posts: 2122
29 Apr 2014 01:00 AM
rap trading will generally cause you to lose profit
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romuluz is not online. romuluz
Joined: 12 Apr 2010
Total Posts: 18124
29 Apr 2014 01:01 AM
@Paola: Correction, they can choose what they WANT to trade it for, not saying that they WILL get the item they suddenly demand for.

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paola23 is not online. paola23
Joined: 22 Jun 2008
Total Posts: 2122
29 Apr 2014 01:02 AM
i was talking about inbound trades

you get a ton of offers when you have decent items
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Rocket8000 is not online. Rocket8000
Joined: 23 Apr 2009
Total Posts: 16724
29 Apr 2014 01:03 AM
Don't listen to Shed first of all.
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romuluz is not online. romuluz
Joined: 12 Apr 2010
Total Posts: 18124
29 Apr 2014 01:03 AM
@Paola:

On the contrary, I spent a good six months rap trading when the trade system was still new and made wonderful profit on many items.

The system does not in fact cause you to lose profit unless of course you underball a trade for an item you want or whatever reason.

The point is, the admins intended that be how we value items.

It works, and actually makes sense it's worked off averages.

And we can still configure RAP+Demand+rarity to determine if the item is good or not.

All RAP does is make a finite, unargueable system of determining what the item is worth and makes it understandable to all.

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iZagiz is not online. iZagiz
Joined: 24 Apr 2010
Total Posts: 8265
29 Apr 2014 01:04 AM
Demand has a HUGE factor here

Tree Helm is apparently 220k low demand


BSF is 180k good demand



Tree Helm adds for BSF


so I mean that's how things are working now.



And RAP trading is a horrible idea, items that are high in price rarely sell because of tax on items.


EST is 100k-200k rap

Illumina is 350k rap


EST >>>>>>>>> Illumina
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paola23 is not online. paola23
Joined: 22 Jun 2008
Total Posts: 2122
29 Apr 2014 01:05 AM
Well roblox economy cannot be compared to a real economy
And you can make profit much faster by knowing the demand and the value of an item
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romuluz is not online. romuluz
Joined: 12 Apr 2010
Total Posts: 18124
29 Apr 2014 01:05 AM
I mean, by god, the value system is pretty much our version of clan wars.

That being everyone arguing over what something is/what happened and there being no finite system to say what is.

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paola23 is not online. paola23
Joined: 22 Jun 2008
Total Posts: 2122
29 Apr 2014 01:06 AM
People will always argue that their item is worth more than it actually is

that's business/biased opinions
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