The GBT prices for aluminum have been decreasing lately at a fast rate; it seems like some players are trying to be price competitive in this virtual market.
However, if you are actually trying to make a profit from selling aluminum, you should probably stop doing that; this action may cause your aluminum to be sold easily and generate short-term inflow at first, but, as everyone starts to follow suit, you have to decrease the price further to achieve the same effect.
Eventually, you and everyone else have to sell a much larger quantity of aluminum (or other resources) to obtain the same amount of profit. In addition, given the nature of the this virtual economy, once you have aluminum generator, it will never run out, and the rate at which it is produced can only become faster as you add more to your colony. The supply for these resources grows without a bound as more players join the game. All these factors will cause the prices to deteriorate over time.
If you are trying to transform GBT to a charity foundation, then I guess dragging the price down is better for those who are in need; however, if you are motivated by the short-term profit, please stop decreasing your price. This hurts all the suppliers who make profit off selling resources after all.
This applies to all rare resources, not just aluminum.
Since I am no expert on how economies function, please correct me if your opinions differ.
(01-29-2017, 06:43 PM)Zgrub Wrote: Hey but won't news players also need some aluminium at some point ? soo... Supply and demand ?
Eventually if everyone tends to have a LOT of EVERYTHING, prices will inevitably drop.
The only way for "old" players to remain at top of the game is to produce even more, or to be ready to massivly invest in new ressources when (if) they are implemented.
My non-educated guess of how economics works in a fully tax free market, such as the GBT.
If the old players reach a consensus in maintaining the same price level, the price will hold its place since this is a virtual economy.
I agree with you that the supply will always be increasing; however, we can still control the prices and end the downward spiral if we work together. When everything are at the same price, the players in need have no choice and must fulfill their demand by paying that price.
I guess that is like a monopoly (?), but since quality of goods is out of question, I don't think that would be harmful to the overall inter-colonial economy.
Not saying I do, but if I wanted to, why should anyone say that I can't sell my aluminum for $1/100 if I want? It's my aluminum that my colonists worked to produce so it's not anyone's business what I sell it for. A free market is just that. Free to sell at whatever price I choose.
(01-29-2017, 07:21 PM)Patchdaddy Wrote: Not saying I do, but if I wanted to, why should anyone say that I can't sell my aluminum for $1/100 if I want? It's my aluminum that my colonists worked to produce so it's not anyone's business what I sell it for. A free market is just that. Free to sell at whatever price I choose.
Yupp. I guess that's the beauty of GBT.
But as I said in my original message, if one wants to make large profits, it is better to maintain the price level. Those who are observing the prices and setting them just a bit lower than before likely wants to accumulate wealth, so I wanted to share my thoughts on this matter.