Forums-->Ideas and suggestions-->
| Author | Remove price limit for putting share on market and decrease fee to 1% |
|---|
Price limit of 750k is on average only half of share prices. Sellers avoid selling shares because final selling price is a lottery. No clue on whether there is profit or loss. Because of it, we have dead market with 0 or just few shares. Most shares displayed is from forced sale of inactive players. That is not healthy situation.
Second thing is provision - 5% provision from sale discourages from transaction. It could be accepted if you got share for free but most of those who now hold shares - bought them on market.
5% provision together with uncertainty on sale price are factors supporting shallowness and low market liquidity. | I do think both of these mechanisms are unnecessary but it isn't the main reason that liquidity is thin.
Nobody is selling shares in great volume because why would they? There is no other way to receive passive income in the game (estate/sg?) so unless there is a sudden requirement for gold there is no point selling.
Most players with lots of shares will have all castles built, some have estates, healthy inventory etc. What do these people suddenly need 10s of millions of gold for?
I think shares in this game were quite a poorly thought out concept. Some players with foresight benefitted massively (myself included albeit to a lesser degree) but aside from enriching a few the share system effectively has no purpose. | | I'm assuming you are looking to buy more shares not sell your own? Everybody thinks the same. | | The gold economy has many fundamental flaws, there are regular huge influxes of gold into the market by virtue of prizes for events etc and the inflationary nature of lg. There are comparatively less losses of gold, plus people are ingrained in hording gold from a necessity in early game. They cannot really make too much attractive for good on these circumstances for risk of reducing donation investment. The tax on sales is one of the few ways in which gold is lost from the system and so do not think it should go otherwise inflation only increases | The weekly profit from shares hasn't increased while share prices on the market continue to go up. For the most costly shares, it'll take 10 years to earn all the gold back from dividends, assuming 90th percentile profits. For shares with average profits, it'll take even longer to earn that gold back. (It's especially bad when events aren't occurring.) One caveat: I haven't actually expended the effort to look at average share profits compared to costs on the market, so take what I said with a grain of salt.
Ironically, the only way to make a profit on shares is to sell them back on the market, but that's not something most people want to do. Technically, you want to sell them as late as possible (to take advantage of dividends for as long as possible as well as wait for share prices to go up further, which seems to be the long term trend), but then at some point, that's equivalent to not selling at all, and then the dividends mean little compared to the price of buying the share in the first place.
It's almost like a pump and dump, except everyone's in on the joke and the rich whales don't really care if they lose a little gold (since they weren't going to use it elsewhere anyways).
The accounts with both tons of gold and shares look impressive, but if you do the math, it's unlikely that they've benefited - they would probably have had way more gold if they hadn't bought shares in the first place. But of course, to them, 50 million vs 200 million doesn't really make a difference. And it works the other way - when the shares do eventually turn a profit, it probably won't mean that much to their already-rich owners. It's most likely more of a status symbol to them.
I realize this isn't really relevant to the suggestion at hand, so let me just say that I agree with Acean - no one really wants to sell their shares in the first place, so these changes probably wouldn't affect the market significantly. | Thanks for your feedback. There are other issues with the market as you mentioned but that are big subjects related to game mechanics.
I did sell shares many times, mostly to buy other shares. And what always discourages me from selling shares are the points I mentioned. If we remove those issues, more shares will be sold. Players will sell shares to take their profits, buy estates or non transferrable sets. Not all will but surely more than now. |
Back to topics list
|
