Whats the current USD rate? (in Off-topic)
Needing to know for a future purchase, is it still around 4$ a mil?
May 23 2009 11:16 AM EDT
I find it to be 5 per million now.
There are people who persist in trying to take advantage of newer players by offering it at 10 per million.
However, it is a supply/demand type of system so the rate can change at a moments notice.
If nobody sells at 5 and everyone at 10, then the price is 10.
What if we keep spamming the market and offer 10. Does this have the same annoying effect? Will it annoy people into getting ripped off?
i would never pay $10 or more per mil, why would anyone?
so if i wanted to pay someone to buy me a special item it should be about 3m or so?
May 23 2009 11:22 AM EDT
A special item is 11 bucks.
At 10 to 1 rate that would be just over a million. 1.1M CB I believe.
May 23 2009 11:23 AM EDT
So far $5 - $5.50 per Mil in excess of 15 Mil $5.50-$6 per mil but Ranger has the right of it. Supply/Demand, however taking advantage of (or TRYING to) people who do not know any better is deplorable. I however digress before I get bashed or get into trouble for my opinions.
second line was at average rates now, not some over-priced ridiculous amount of 10 a mil
May 23 2009 11:26 AM EDT
At 5 per million, 11 USD should be about 2.2M CB2.
It is only overpriced because you have seen lower.
The lowest i saw it drop to was $1.85 a mil, and thats too low, the lowest i paid for it was 2.5m and i wouldn't ever think of buying it at $10 a mil, even if that was the going rate.
May 23 2009 11:30 AM EDT
How is $10/mil not overpriced?
May 23 2009 11:31 AM EDT
it is overpriced.
May 23 2009 11:35 AM EDT
10/million is not overpriced if the market conditions dictate that.
Right now most are selling for 5 per.
A few months ago it was 2 per.
For anyone buying CB-Caveat emptor.
Look around, check past posts and past FS ads to see if you can get a better deal.
May 23 2009 11:41 AM EDT
Those that are New and don't know any better should be warned of this is some way. I think it only fair if they still want to buy at this price then well its their money.
May 23 2009 11:45 AM EDT
As a community we can only do so much.
If there are people out there wanting to sell their money at more than market value, it is their right.
Sort of like their money is the Porsche of the market and the others are the Fords.
Unfortunately these things happen. The rest of us can just try to warn these new players the rate is not as high as some try to make it. With their incessant bumping of threads.
May 23 2009 11:45 AM EDT
"10/million is not overpriced if the market conditions dictate that."
Of course, but they don't so it is...
I don't think AoD should be allowed to be so misleading with his post, but it's probably too much work to regulate FS/WTB to stop it, so oh well.
May 23 2009 11:49 AM EDT
Although I hate to do this:
AoD is well within his rights to ask for xx/million.
Whether we like it or not.
He/she/it is doing nothing wrong. Not saying that is the market price.
Looking at that thread, the bumpage is not out of line, 8 times in 13 days.
If someone wants to buy that CB at that price, so be it.
I would just hope any buyer does some kind a search and finds out the true market rate.
Again- Let the Buyer Beware.
May 23 2009 11:49 AM EDT
"If there are people out there wanting to sell their money at more than market value, it is their right."
There is a difference between trying to sell for a high price and misleading people. I have seen AoD bump his post saying his now has less CBD to sell, to make it seem like some has sold. I know why he doesn't tell people but he clearly avoids mentioning that he knows it's overpriced.
This is why credit companies are looking at more regulation... I smell a debate topic if you want to get into that.
May 23 2009 11:51 AM EDT
This is what I have a problem with, pretending some has sold.
making it 12mil now
Angel of Death May 19 12:31 AM EDT
Angel of Death May 21 8:06 AM EDT
selling 11mil now, still 10usd a mil
May 23 2009 11:52 AM EDT
Then look at his transfer page, he hasn't transferred any between now and August 2008.
He is clearly trying to scam people.
why doesn't it surprice me that i am mentioned in this thread
if people want to buy at 10usd a mil then it's their busness not yours
and cube, did i ever said i sold anything? if i wanne lower the amount i wanne sell then i do that
May 23 2009 11:58 AM EDT
No one does, and you know it.
It's no one's business.
Unless your CBD comes in a gold envelope, and a cherry on top.
May 23 2009 11:58 AM EDT
Ranger I do not disagree with you on this it should be a right no matter what. We have all worked hard in one way or another for our things and should be able to sell at our own designated prices. Being reasonably priced should be governed by current market prices but is a courtesy nothing more. I do however feel that New Players should in some way be warned before hitting the USD market for CBD. If they want to buy at those prices after getting the information then so be it is their money.
It's dumb that the market can be manipulated by the machinations of a single person. It was like $2/1m and someone comes along and says $10/m. Then a few people, especially a few select people who aren't even done with their NUB, decide "I'll sell you $8/m" and changes the price for the whole market.
Lets all spam the forums by selling items that aren't going to sell. It's a waste of space and time. I get bored of seeing the same post. People who keep posting spam will eventually get these fs/wtb forums removed.
my last respond to this stupied thread, whining and complaining wont help change those peoples mind and next time if you got something to say about me then say it to me and not in a thread
SS, how is that different than one person undercutting everyone else who is selling it at $5/mil and single-handedly lowering the price to $2/mil because they're in a hurry to sell their CBD?
As for AoD, I refuse to weigh in on this topic. I don't agree with this topic at all.
If you are refering to my post then I don't remember mentioning anybodies name. If you feel you fall under what I described then good for you to own up to it.
May 23 2009 12:05 PM EDT
I don't understand why people are posting the threads selling for above market price. They know no one is going to buy their money so why bother?
The price wasn't single-handedly lowered to 2 usd a mil. The demand greatly fell. Nobody wanted any. Then the price fell. This was followed by an influx of buyers. Me, Ranger and Zenai for example.
May 23 2009 12:11 PM EDT
"The price wasn't single-handedly lowered to 2 usd a mil. The demand greatly fell. Nobody wanted any. Then the price fell. This was followed by an influx of buyers. Me, Ranger and Zenai for example."
This is exactly how the market works.
Some people just fail to establish the relationship with the Supply/Demand factor when selling their CBD or Items.
I believe that it's at a place right now where there is just enough CBD being sold for the amount of people that are looking to buy it, so we'll stay around the rate of $5-6 USD/Mil for awhile.
May 23 2009 12:16 PM EDT
Perhaps AoD spend some money upgrading his items, perhaps he wants to sell less.
It is not for us to critique that.
If he wants to sell at 10 per, fine.
If we want to make fun of that, great.
My opinion on NUBs selling during their NUB is well known, no need to bring that up again.
The market is what it is. It goes up and down.
I doubt 1 person trying to sell at twice the market rate will influence that, as long as others sell at the true/market price.
May 23 2009 12:18 PM EDT
"next time if you got something to say about me then say it to me and not in a thread "
I have and then get threatened with you going to an admin for bothering you.
So which is it? Chat with you directly or not? And if we say something your sensitive ears cannot handle, are you going to run to an admin crying dirty Ranger is saying bad things to me?
May 23 2009 12:25 PM EDT
I don't think AoD was referring to your comments Ranger.
I believe it was this comment:
" Then look at his transfer page, he hasn't transferred any between now and August 2008.
He is clearly trying to scam people."
Which he is quite right to find offensive as it is totally uncalled for and disrespectful.
May 23 2009 12:27 PM EDT
That part I also believe is a bit over the top.
The part about selling for 10 per trying to scam people, however, is not.
He/she/it full well knows the going rate of CB-USD.
May 23 2009 1:30 PM EDT
Of course Loch, he can "act" offended, he can also "act" like he has sold CB, which if he says is the case or not who knows what to believe. The fact that a lot of people interpret his actions as deceiving should be enough to warrant some criticism and maybe a change in how he handles his sale threads.
May 23 2009 1:32 PM EDT
I know how the market works, suppy and demand yadda yadda yadda. I'm all for free market to an extent. You need a certain amount of regulation. The only people that would buy his CBD are those with a lot of money who are very impatient and new players. I'd rather protect new players than cater to the 0% that might buy his CBD.
"Perhaps AoD spend some money upgrading his items"
One blacksmith expense since August 2008 as well. I find his bumps pretty misleading. You look at his thread and it looks like he gets business. Well, a lot of companies made it look like they have business. I know CB has pretty transparent logs, but you can't expect everyone to look at that.
Also, given the very small size of CB one seller can influence the market somewhat. I hardly think AoD is a criminal mastermind, but at best it's a waste and at worst it's a scam. Why would we want this on the forums anyway?
"next time if you got something to say about me then say it to me and not in a thread "
This isn't a beef with you. This is a policy change I think is needed, and you are the shining example.
"Which he is quite right to find offensive as it is totally uncalled for and disrespectful."
It's offensive to look at someones transfer page, or to make the inference that he is trying to scam people (and failing for that matter). I don't mean the term offensively, but new players that don't know the antics of AoD could be misled.
May 23 2009 1:35 PM EDT
Well, considering nobody has bought any CB from him in over 6 months, I find no problem with the community doing just as it is.
Policing it just as we are.
May 23 2009 1:36 PM EDT
Good point. I'll try and quiet down now.
Cube: everything is worth what its purchaser will pay for it. Someone buying for $10/mil is getting a bad deal compared to the rest of the sellers out there, but it's really not much different than going to The Home Depot when you can get a better price for the same product at Lowe's. To the extent that CBD can be considered a real product, AoD (or anyone else) is really distributing that product in exchange for payment, which is fair market practice, I think. That's different than if he got them to give him their credit card number and started charging it without sending them the agreed payment in exchange.
One of the great freedoms of American society (and of CB) is the liberty to spend your resources irresponsibly. It's not anyone's job to impinge upon that.
But it should be a decision made by the purchaser without the influence of trickery, dishonesty, or misleading sales tactics. I suppose there's a place for deleting sales threads or issuing fines if a seller at twice market price starts claiming he's got the lowest prices in town.
May 23 2009 2:15 PM EDT
The amount of debates going around and around this subject, to be honest if somebody ends up paying 10 bucks per million then they have to be pretty blind, dumb or just plain impatient. And they probably deserve to be scammed.
I don't hand over cash, especially on line, unless I'm certain I'm getting a good deal and I'm not getting conned. I don't think it's the responsibility of the game to stop people getting scammed, what's the old saying, a fool is easily parted from their money? If somebody is prepared to pay USD for CB bucks, especially when they're new to the game, without checking the going rate then they are being a little foolish.
As a community we can play a role in stopping that, but I don't think we should baby anybody.
>Cube: everything is worth what its purchaser will pay for it. Someone buying for $10/mil is getting a bad deal compared to the rest of the sellers out there, but it's really not much different than going to The Home Depot when you can get a better price for the same product at Lowe's.
1) I'm glad you said this.
2) Please stop attacking AOD.
We are quickly heading towards having some single entity decide how much above or below the previous sale a person is allowed to charge for a current sale. That is very wrong.
As far as I know AoD has never sold any CB$ nor did he intend to do so. I doubt he would have continued his sales posts were it not for the fact that they caused annoyance to certain people and generated some overeactive threads :)
May 23 2009 3:43 PM EDT
Ultimately, the market dictates what the market wants, and there should be little to no mob enforcement. Turning the thread into aggression may stop the problem, but the end doesn't justify the means.
But when it gets too annoying and you just can't resist chastising someone, at least do it with style:
Link to Response Thread #1
Link to Response Thread #2
rubber i never tryed to sell my money cuz i didnt need the usd but now i can use the usd so now im trying to sell it
NS its nice of you to try and stop them but im AoD im the black sheep of the universes im used to this
May 23 2009 4:13 PM EDT
I'm wasn't arguing for something that's far out there you know. I know the price is dictated by supply and demand.
But yes, I made a big deal out of nothing. I do that sometimes, but clearly I'm not the only one =)
Sorry, my post wasn't clear. I was using (1) to applaud your post, and (2) was directed at the entirety of CB. Re-reading it shows me that wasn't clear in the slightest. Your posts weren't attacking him, that I can see.
May 23 2009 6:57 PM EDT
The SMART buyer that can't find CB$ at a reasonable rate will buy one of the "special items" (like, say, oh, a TSA) and sell it on auctions, fetching (hopefully) around 2 mil or thereabouts.
So, a baseline value for CB$ sales should be at most around 6$/mil.
Of course, if somebody wants to sell his at 2$/mil, who are we to stop him ? Sure, he could make much more, but then again, maybe he's in a hurry.
Conversely, if somebody sells at 10$/mil, it's not exactly ripping people off, the other party might be paying for prompt service or other such things, which might be well be worth the added cost for that particular buyer.
The funny thing is, you'd think that a worldwide economic crisis would make CB$ rates go DOWN (less $/mil), since people would prefer to make a quick buck... but then again, it actually seems to go up right now for some strange reason (well, maybe not so strange, in tough financial times, people become more attached to entertainment, so people might actually want to hold on to their CB$).
May 23 2009 7:02 PM EDT
'The funny thing is, you'd think that a worldwide economic crisis would make CB$ rates go DOWN (less $/mil), since people would prefer to make a quick buck... but then again, it actually seems to go up right now for some strange reason (well, maybe not so strange, in tough financial times, people become more attached to entertainment, so people might actually want to hold on to their CB$).'
I've been thinking about this for a while, and that's the best explanation I can come up with as well. I don't like it though.
May 23 2009 7:07 PM EDT
And I know the (main) reason why you don't like it.
NUB multies galore, earning CB$ by the bucketload, then selling out as fast as they can before getting detected and wiped.
May 23 2009 7:10 PM EDT
So, if Tal now knows what the current USD rate is... can we close this thread??? xD
My assumption was that the fall of the price to 2 usd per M resulted in less start over multies thus reducing supply.
Demand has perhaps increased a little too.
This thread is closed to new posts.
However, you are welcome to reference it
from a new thread; link this with the html
<a href="/bboard/q-and-a-fetch-msg.tcl?msg_id=002ltq">Whats the current USD rate?</a>