I'm broke, again! How do I make ccs?

Discussion in 'Everything else Archive' started by farmer_broke, Sep 7, 2014.

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  1. Mooboy

    Mooboy Commander of the Forum

    Just as I thought that Prices of Roasters, and Brown Breeding Animals have plummeted in price, at the other end of spectrum Due to Donkey Breeding Starting Today The Price of Donkey Feeds, and Donkeys will be selling for good cc. I have started to Sell My Allocations of Donkeys to the Markets currently selling at 2200-2600 cc each. Hoping They will go up just a bit me or at least stay over 2000 cc each

    I will Hold back about 2000 Donkeys For Breeding, as I have been building up My Power Feeds for Donkey Feeds, Still Milling away on Making Power Feeds

    I have so many surplus stars have found good use to unlock Donkey King Rune then sell it back to the market for about 400.000 CC, due to the fact Donkey King Prices will start to fall when when Baby Boom Event Starts it cost 55 Stars to unlock this Rune

    I am also Unlocking Donkey Breeding Pack Rune, which gives 10 Power Feeds for Donkey Breeding, 20 Phermones and 20 Donkeys, As I will be doing Specter of The Opera Quest. So I will be going over Breeding Markets a lot over next few days to Find Bargain Buys to be used to Breed for Higher value Breeding animal, or to resale for quick profit

    Also I will Nudge away to Progress on Uncompleted Quests and New Donkey Breeding Quest too, I made up my mind to donate 3 golden hens to complete chicken breeding cos I cant sell them for a good price. I tried to sell one but went unsold.

    I have 3 Pegahorn and 3 Picasso Horses in my barn i am debating whether sell them or use them to complete horse breeding quest ???

    Have been slowing stocking up Rare Animals such as Moles, Hamsters Etc only the Older rare animals !!! As i need to restock my barn of cows as made loads of cc selling them with chili event. But Wait for Cows Prices to Cool Down First

    Broke....The Date Prices in my Market have cooled down from 90cc to 70cc ish....Donkey Feeds are Slowly Climbing currently selling at 550 cc each almost doubled to what they use to be i dont really bother with Animal Feeds that much as I mostly Grow crops, only Buy some feeds when i need them

    I actually Make more CC from Buying and selling Breeding Animals and Animals than play around with Exchange Values they only thing i hoard on Exchange Values are Fruits. Products and Phermones. But Price of Phermones have gone up i know they will continue to keep climbing do to fact there is shortage of scented trees in farmers barn, Many of them have traded them during Transatlantic Express Train Event I Do buy back any Phermones i used during Breeding and buy any Bargain Phermones as i can
     
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  2. farmer_broke

    farmer_broke Commander of the Forum

    Hello Mira,

    Thanks for your thoughts. Just what I needed. And you are absolutely correct with all in your first paragraph and I agree. Let me try and clearly take this further.

    Donkeys, and the related items I see you understand well. A little detour: The more knowledge of the game one has the better able one is to make the type of analysis you present. Many do not understand the game and cannot make the analysis. Go back to lettuce. Do you know all of the uses of lettuce? Most do not know the uses of the crops and therefore, even with written gossip or grapevine information, simply cannot make the connections in order to maximize their ccs and use of their liquidity, or what they may term buying power, in the market. We all begin the game the same way and acquire knowledge of the game which provides the foundation for making decisions. The point nine zero (.90) computation, or break-even sales price point for purchase in question, does not assume any knowledge of the game in order to make ccs. Add ones knowledge of the game to it and that simple computation becomes much more useful.

    I was very much like many and did not understand the use of exchange value now did I want to. I hated to see it. Initially, and for a long time, I could not find a way to use it. Understanding it took effort to try. So I learned the game little by little and from other farmers while watching the market and producing. Sure I grew crops haphazardly with no regard for ep or time and produced animals just because I liked them or had the pens.

    What about this exchange value and why is it keep being mentioned here and there throughout the game?

    Sure we can both see donkeys. Are you able to see skunk too? or beaver? or peacock? or frog? I don't believe you have ccs to invest in them all or do it efficiently with what you have just as I did not.

    If you truly understand that exchange value is the single fixed variable I congratulate you as you are well on your way and you have met the prerequisite for thoroughly understanding and using it.

    Our feelings and intuition previously guided most that we did in the market place. I did not use exchange value at all in market decisions for a very long time and wish I had now. One can use that exchange value benchmark and buy all across the board very efficiently. There will be a call for animals soon and credit will be given by the exchange value. In acquiring animals to sell for that purpose, I know the exchange value and then I can see the current market price. At what point price will I stop buying? I certainly can answer correctly which anmal is the best buy if I have limited cc. Knowledge and intuition come in. If I stop buying one animal then I move to another and I have a benchmark on which to base my decisions. Without using it I am only engaging in wild careless speculation and free spending with little supportable foundation for my reasoning. I have no hope of holding my own against another or in MAXIMIZING my buy and sell efforts.

    In a sentence: Use of exchange value provides an addition to our hunches and feelings as changes in information converge into market price, again a single variable but can also be viewed as a dependent variable.

    We have mentioned the market index of an item initially set as the exchange value. As prices increase toward the exchange value do you know what happens? I did not for a long long time. But I use it now, routinely. Answer: There is market resistance for prices to surpass that point. Look at the number of offers on your market for apples regardless of how they got there at 60. Sixty is the exchange value for apples. If/when prices rise for apples to nearly 60, would you easily set your price at 60 and get into that group of hundreds of offers? (I have at times but I understand quantity and know who I am aiming to sell to also.) Generally one is only asking for a longer period of time before the sale if the item sell at all.

    (I will not seriously buy an apple at 60 and seriously hope to make a sale at 105. Not today anyway! :D ) But I will do it to play with the Market Giraffes.xD

    Look at turkey feed at 70. There should not be any now on most markets for a variety of reasons. Seventy is the exchange value. I rarely get into that large group of selling at seventy when the index fall back to 70. But I will stay at 69.99 very comfortably and sell away.

    Look at bikini at 2200. Surely we can support a reason why we would sell above 2200 but there are pages and pages of offers to get beyond 2200. Would you like to play around with that price while selling bikinis. If you do not consider exchange then exchange is using you as it does/did most of us. I wanted to clear the market at 2200 once and sell. (I asked my farmwife, tlcmom. She told she she would think I hit my head. I did not clear it and am glad I did not. But the 2200 remains! AND I'm watching it too and using exchange value and hunches and events and use and quests and any other foolishness I can find to use in making a decision.)

    I must admit also that there are areas which I find exchange value of no use whatsoever unless I make multiple comparisons. My only limit to use of exchange value then is the same as anyone elses. We are only limited by our mathematical ability at that point How sophisticated of an analysis would you care to make? This is a game with excellent potential for use. teaching, and application of may facets of math and business subjects and real life.

    We may loose a few people here: One may begin, after realizing we do have a single constant variable. Until then, one is wasting their time. The one must be able to subtract and look at differences and then perhaps divide and be able to worth with percentages. Percentage change analysis can be very useful in looking at price trends for breeding animals, for instance, if one care to collect the information over time.

    Now with donkeys, I can see the % change in the prices of peacocks and beavers and I can see it absolutely and have no need to guess or feel when doing it. I have already used it in order to collect 28,000 peacocks, the related feed and components while working with donkeys and beavers and on and on. But I have a limit to ccs and in order to maximize their use, the only other tool other than a wild hunch is exchange value.

    Exchange value will not hurt you in when using it but will only assist you in a greater capacity if you care to go to a higher level and do it efficiently.

    Mir, you have me wondering if you will ever give it a try. One may always find an excuse not to use. Believe me: Been there, done that. But no more!

    A hunch can be very wrong and misleading. It will have one believe as Henny-Penny the Famous Chicken declared: The sky is falling, the sky is falling. And the reasoning makes no sense and is, at most, very weakly defendable. If close enough is good enough for anyone here then it is fine with me. I hope close is enough then. Close is not enough for me at this point in the game when accuracy and greater confidence is easily available.

    May I answer anything else. Thanks in advance for helping me.

    Okay, now how can a make a few ccs? I want to do it Mir's way.

    --edit--

    Using this method, pheromones are now generating an absolute profit in terms of ccs of 135 each and a continuous rate of return on my investment of 1250%. And I have not touched a base stock of 1 million pheromones .... yet.
     
    Last edited: Oct 16, 2014
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  3. -Mir85-

    -Mir85- Living Forum Legend

    broke, here is a case for you. I am buying peanut butter and timber in the market to resell later when elephant breeding and beaver breeding is introduced. I buy peanut butter at 1200cc and timber at 1500cc. Now peanut butter has an exchange value of 2512, while timber has an exchange value of 1050. That means that price/EV is 0.5 for peanut butter and 1.4 for timber. Do you think I should forget about timber and focus on peanut butter? Don't you think prices will rise for both when a product quest is introduced? Do you think the price of peanut butter will rise more, since it has a higher EV? I can think of one reason why the price for peanut butter could rise more: the corresponding quest will give BEP.


    I thought of something, some of the market giraffes may have a long neck by accident. I don't use the slider to set the price, but rather type it in. What I have noticed is that if I change field to fast, the price resets to the market index. If you don't notice you might end up as an unwilling and even unknowing market giraffe :oops:


    Now what I really want to know is what you call the players who breed before BBD and sell their results for less than give away prices. A wild donkey now sells for only 3 times the price of a regular donkey :eek: I have snatched up a few, but mostly I have been too late.


    You want to make cc my way? xDxD I really don't think so ;) Well you asked for it: Get hold of some toolboxes, open them and look for scrap metal. With the scrap metal build some cookware forges, feed and harvest them almost daily. Wait some days for the prices to rise, then sell your freshly made pots every day. This gives a stable dependable income, and you will never have to go broke again xDxD
    Okay, I also earn cc other ways. I try to be a tree fruit trader, but it is a lot of work :p I am profiting from fluctuating prices on ostrich eggs. I buy them when they are below 2000, and resell for 2750, my profit is almost 500cc pr egg, or approximately 25% profit the buying price :)
     
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  4. farmer_broke

    farmer_broke Commander of the Forum

    Good practical current example to work with -- peanut butter and timber.

    Peanut better at 0.5 and timber at 1.4, okay. Right off the top, I will say there is more peanut butter in barns available for quests or donation than there is timber. (present supply and demand is already in your analysis now.) Stop looking in my barn. lol Want proof then look at what it takes to make both and you will conclude the same. Forget timber and focus on pb? Only looking at those 2 numbers: timber is already above its exchange and is not eligible for one to use if a call is made for products (because of items like pb which are below ev). I must wait on developers to generate demand for pb for it to rise. Barns are not so full of timber and I may not have to wait on them for timber to move into the profit region. A small call for timber will push the ratio of 1.4 even higher. A small call for pb will result in a temporary rise in ratio but will fall back quickly because of supply and nothing to sustain it.

    You are playing both so your answer now must include intuition and your own behavior. Do you wish to put all of your eggs in a single basket? How long can you hold out with your ccs sunk in either? Have people already gathered amounts of pb due to the grapevine gossip of elephants a while ago? I would first build a stock I regard as minimum for pb due to the ratio and then build a stock of timber With a limit of ccs and a desire to invest, and gathering them both, I would first choose timber because of supply implications apparent in ratio an then pb.

    PB sliding index is not moving and timber is. Numbers alone with no feels or thought: pb index is low and a call is due before timber. Now developers can change the direction to keep us on our toes too and call for timber. pb is out of balance with the other products. I hold several thousand more pb than timber for this reason.

    You feel pb will rise more and I have little case against your feelings. I judge pb to have greater room for profit. My feeling warns me of supplies presently in barns and due to the ratio. I covered myself in the order the numbers dictated and have adequate holdings of both now. I will continue to gather both now at the same rate with pb supply always exceeding timber now. If the ratio changes for either I will determine whether to take profits and decide which one.

    The analysis may be taken further also. For instance, subtract one from each of your ratios and you see one is negative and one is positive. One is above and the other is below exchange. To make heads swell we may look at market differences for an item between weeks with the difference based on difference from exchange. We are able to determine which has the greatest if any movement.

    Your reasoning is great. Try and take it further using exchange as your benchmark. Your decisions will only get better and better. You may compare difference in exchange of a specific item with the difference in exchange for all products for a given period of time, say week. Now this becomes as complicated and as interesting as you make it. And you are using information others playing the market dare not venture into and you are at an advantage.

    Sorry, need to run, RL calling. Intend to stay away from game for a few days and not watch donkey breeding. My ccs are already made and I will let the crowd scavenge for the remains.

    One thing, those who sell breeding animals at ridiculously low prices whether during bb or not are part of the group I regard as Market Worms. They have dug themselves in a hole so deep they will remain if they do not get with it. Thanks and cya in a few days. Wonder what you must think now.
     
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  5. heidels

    heidels Active Author

    Broke, I would accuse you of talking your book ;), but there is so much (too much?) logic to your assessment of markets, buyers, sellers. It would only be a friendly accusation, anyway. Thank you (and others here who have shared and engaged in the debate) for taking the considerable time it takes to explain your strategy and thought processes to other players. I'm having a great time reading and trying to understand the different angles.:music:
     
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  6. Jools

    Jools Forum Pro

    Yes I've checked, them, I do regularly and if anything they've fallen in prices from around there usual 85CC to around 79CC, so as per usual your logic sucks!
    They are and always will be way below their EV, because most barns are swimming in them. Anyone cashing in on donkey feed will be using dates from their barns, not buying them.

    EV has no meaning whatsoever unless you are donating them to an event or FSQ, never has done and never will do. Market prices are gauged by supply & demand, not EV hence oranges will always be around 25% of their EV and lemons have dropped from 80-100CC 2 years ago to their present value of <20CC (more people now own lemon trees), the same happened with eggs, milk and honey when they got trees.

    If anyone wants to make a long term investment in animals, they ones whose stables have been discontinued in secret stables would be a good bet, as they are still required for FSQs
     
    Last edited: Oct 17, 2014
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  7. Arielh

    Arielh Living Forum Legend

    Didn't know where should I do this question and I thought this thread is good for it..
    Is it beneficial for any player to do the first offer of something in the market?
    I want to sell some breeding animals and there are no offers so what will I do?
    sell it with the highest price possible?
     
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  8. solotime

    solotime Count Count

    @Arielh, Yes you sell for the highest price you could.

    So, I was making everyone broke on my market by collecting everyone's CC.
    I only made 55 million country coins. :D
     
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  9. Arielh

    Arielh Living Forum Legend

    wow!!!
    I just want to make 4 million...
    can you give four of yours?:p
     
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  10. Aluntino

    Aluntino Board Analyst

    Ariel,

    The answer to your question is that it depends on the bred animal you want to sell and the dynamics of your own market, including typical bred animals-bidders and typical historic prices.

    What's the bred animal you're pondering to be the only -first- bidder for? Is it a high level bred animal? Which one?
     
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  11. Arielh

    Arielh Living Forum Legend

    Aluntino I was asking about a poitu donkey that I had yesterday but now there are offers of them.
    Now I have sell it this and some others that I bred. Now offers in my market for donkeys are a lot...
     
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  12. Aluntino

    Aluntino Board Analyst

    Yes, there are a lot, but keep in mind there's an event on going. Namely, what I mean is that you should keep your Poitous and Operas and sell them right before the event ends, when price typically gets stronger because of all the desperate last minute buyers that sweep pages and pages of them in a few hours, even minutes. I grabbed many Poitous yesterday at 70/80K, now selling at 120/140K in my mkt. Same with Operas: I grabbed some at 200K, now selling at 390K in my mkt. I'm sure price will get even higher towards the very end of the event. However, if you are not as greedy as to wanting to squeeze the last penny from them, sell them at about those prices I mentioned: they mean a pretty nice profit.

    It's not always the wisest thing to do to be the first and only bidder. I do it very frequently, but when I see the chance of setting a high price expectation, without necessarily expecting to sell that bred animal at that price. It's an investment: others sooner or later undercut my bid and that's the moment of undercutting theirs, depending on if they followed the high price I set as an expectation or not. Of course, this works when I have many for sale, not just one.
     
    Last edited: Oct 18, 2014
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  13. Arielh

    Arielh Living Forum Legend

    thank you Aluntino for telling me all these!
    I will try it when the event ends and I will sell some breeding donkeys!
    and now the price of the regular donkeys is high around 1600CC in my market. When you suggest me selling the regular donkeys?
     
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  14. Aluntino

    Aluntino Board Analyst

    Now, sell them now. Price will drop very quickly tomorrow.
     
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  15. sglick

    sglick Board Analyst

    Yesterday, I had perfect selling conditions. I had a surplus of the 1st 3 breeding donkeys. I had finished the event. I was able to sell my Wild Donkeys for about 20K, my Pack Burros for about 30K, and the Poitou for about 40K. I was able to put 1-3 animals up for sell at a time for the highest price. For awhile, I was the only seller and my animals sold quickly. This lasted for an hour or 2. I did not keep track of how many animals I sold, but I know I sold about 5 Million worth. I was selling other things, but not very much.

    When the market started to taper off, I was able to adapt. I only got stuck with 1 Wild Donkey for 18K. Since, Wild Donkeys are now down to 7 - 8K. I know that 1 will not sell. Oh well, I can handle the loss.

    It was fun! I invested my money in 1 Pink Pig so I could breed a Golden Piggy Bank so I could donate it to the breeding quest, and I put the rest towards Baha crops. I do think that Baha crops and animals and products will spike in another month or so when the Coral Reef is introduced. If I am wrong and there is a good chance that I am, these crops will not go to waste since I use them for Baha FHOs.

    It is obvious that I do not do much - if any analysis before I buy or sell. I buy or sell based on what makes me happy. As I have read the discussions in this thread, I have wondered what it would be like to learn how to analysis my purchases and selling based on a practical understanding of how the market works.

    Broke - You keep referring to the buying and selling of lettuce. I think you taught everyone how to do this in your old thread on the old forum. I have to admit that I did not read that thread very often. I was wondering. Could you teach me how to be a Lettuce Lord or should I say Lettuce Lady?

    I have been meaning to mention why I use the word debate to describe these discussions. There are disagreements in this thread. The difference in these disputes are about the same degree of difference of taste between two choc-aholics disputing which is better dark chocolate ice cream or dark chocolate ice cream with chocolate chips. In other words not much difference at all.

    I use the word debate since I do love to fool around with words and meanings. I chose the word debate since street thugs fight; families argue; and smart guys debate when there is a disagreement.
     
  16. -Mir85-

    -Mir85- Living Forum Legend

    Broke, I am sorry to say, you have not convinced me. In your answer about peanut butter and timber you (very wisely) consider many other things apart from the exchange value. I can see the value in these considerations, but I don't see how considering exchange value adds to that. I of course understand that one can make the calculations you suggest, but I really don't see the value of them.

    An example with fruits: Here the exchange value of course play some role, because players wanting to compete in the top 500 buy tree fruit to throw in the big black hole. These players are of course willing to pay more for a maple sap, than for a walnut. But, the price difference in the market, 8-10cc, does in no way reflect the huge difference in exchange value: 70 for walnuts and 170 for maple saps. On the other hand oranges (with an exchange value at 130) is always more expensive than both, because it is required in large amounts for feed production and craft products. I also think that the potential for earning cc is better with the fruit required for feed production. Low level players have the trees, and it is easy for them to sell some fruit when they need cc, if they need it quick they are often willing to sell it very cheap. So it is not uncommon to be able to buy plums for 18cc one day, then later that week you can sell them for 29cc. The players who buy at those prices are players who decided to mill sheep food, saw they didn't have enough plums, went to the marked and bought the cheapest offer, perhaps without knowing how much they usually cost, or not caring, since they only need 100 plums anyway. Both mulberry (EV 105) and maple sap (EV 170) have relatively stable prices, but plums (EV 90) and oranges (EV 130) have much more fluctuating prices, making them more suited to make (short time) profit. This has to do with the uses of the fruits and (I think) nothing to do with EV.

    You seem to think that the developers will strive to get market prices closer to EV. I don't think that is the purpose of the EV at all. True, it does provide a starting point for the market price when something new is introduced, and the market index makes it possible to always offer a product for sale at the exchange value. But apart from that it is up to players how they value the different things, and how much they are willing to pay. I see the EV as an internal book keeping device. It is used in transactions between players and the game, in open event/FSQ donations (harvest hoedown, trophies, etc), to determine event rewards, to determine rewards from the farm house orders. I don't think the developers intend the EV to be the standard for transactions between players.

    I am satisfied with your answer, I don't think there is any point in continuing this discussion. There are many other useful and interesting things to discuss :)
     
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  17. Mooboy

    Mooboy Commander of the Forum

    Solotime ....That Super Cool to make 55 Million CC during Donkey Breeding, But I bet you used loads of Power Feeds LOL, as you said you would went ahead with your plan lol. This is The Best and Quickest Way to Make lots of CC, is to get into Breeding and Breeding Markets. But must be willing to spend a fair amount of Power Feeds to Do this.:D

    I started with 869 Power Feeds for Donkey Breeding. Now have 906 Power Feeds in my Barn, I Completed Specter Of The Opera Quest, Got Several Surplus Donkey Breeding Animals. Waiting to be Sold for a good price while the prices are high, some of them can go a bit higher than they are now. Such as Pictou and Opera Donkeys for those Rushing to Complete Specter of the opera quest before it ends.8)

    We will be able to start working on Donkey Breeding Quest, But I wont be rushing to start on that cost the price of Donkeys and Breeding Donkeys are quiet High for Time Being. I am now down to 54 Donkeys hold onto these to Make Saucepan Pots, But I am still Short of Scrap Metal to Make my First Donkey Production Pen. I was hoping to get a decent amount of Scrap Metal instead i got quiet a few Zen Rakes :mad:

    I made Just over 20 Million CC selling Donkeys Buying and Selling Breeding Animals for Profit I buy i Golden Donkey for 6.5 Million sold it for 13 Million cc I will Work on Donkey Breeding quest later on when the Donkey Breeding Prices have cooled down or got some Bargain buys At the Moment can make good cc with Buying and Selling Currently The Breeding Markets are High Prices will keep an eye on them to see if it will cool down in prices

    Mir85.....About Broke Advise to Buy into Timber and Peanut Butter, As Beavers and Elephants are yet to be New Breeding Animal, if they do Become New Breeding Animal the Products Prices will go Sky High than current market prices. I do not see much logic about Exchange Vales at all unless there is a Event where we have to donate loads of stuff from our barns to do so.

    I use far more practical Evaluation Method when it comes to buying Products from the Markets. Such as Timber or Peanut Butter. If I was you i would stock up on Peanut Butter First which is Primary Goal, Secondary Goal is stock up on Timber. When you can...

    1. Peanut Butters are selling for less then Timbers in the markets
    2. The Costs of Making Peanut Butter requires 1 Elephant Feed and 2 Elephants, which cost more to make than current Market Prices
    3. Peanut Butter has Exchange Value of 2512 compare to Timber 1050 That is Twice the Amount

    Last Year Harvest Hoedown we have to complete into Top 500, Based on Exchange Values using Crops,Fruits Animals and Products.
    Tree Fruits have always been Given Good Exchange Values in Terms of Markets Prices But if you compare to this year market Fruit prices to Last Year Nearly fruit prices have gone up From Last Year Market Prices Before Harvest Hoedown Started

    Some Fruit Prices have doubled in Price to what they were last year, some have Drop in Price...BUT BUT island Fruits have really climbed in Prices, They have the Higher Exchange Fruit Prices to Farm Fruit Prices such as MANGOS

    We could have a New Thread about Making CC Based of Supply and Demands in the markets, Based on Pending Farmer Society Quests,BFHO.FHO, Current Events,Up and Coming Events. Making Mill Feeds Requirements for Crafting. Which has nothing to do with Exchange Values

    Requirements to Make Langos, Red Punch, Chocolate Pancakes and MOS do well cos they are in DEMAND Why They give you Bahamrama EP when Eaten almost everyone want to level up the island ASAP to gain More GBs or Can Be Sold for Good CC too;)
     
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  18. farmer_broke

    farmer_broke Commander of the Forum

    @heidels Glad you enjoy all the different strategies and discussions. I also enjoy them.

    @Jools I appreciate knowledge of your position regarding my logic. As long as you, and others, have the inability to apply it and even conceive of its use, I feel very assured I, along with other extremely wealthy players, will have no problems whatsoever in generating ccs at will, regularly, in the future. Let me assure you my methods have not lead to buying dates and any price near 70. My methods enabled me to acquire 750,000 with a average price way under 26. If I buy at 70 I am playing like lettuce at this time. Bring something substantial to me and I'll hold my own with you.

    Clearly you have not mastered a very elementary aspect of use of exchange values: EV is a tool to be used in combination with ANY logical strategy one chooses to use. Exchange value provides one nothing more than a solid beginning point. EV analysis allows m to hold my own with anyone in this game when comparing apple and date prices or apples and oranges, or donkeys and chicken prices. Sorry but with slight comprehension of it and use, one may turn any market related discussion here into more than wild speculation.

    Lack of knowledge or use of it does not prohibit one from selling in the market and even making a profit.

    @Mir85 I agree, a single use of exchange value is as an internal bookkeeping measure, a single use. EV is a beginning point as it is set. Demand is manipulated and even controlled to some degree. Market price is definitely determined by supply and demand. If I relate the market price of peanut butter and compare its exchange value I know with no doubt there is more Peanut Butter in barns than there is timber in barns, for whatever the reasons. Are you able to see the price of timber rising slowly? Demand demand demand and supply not equaling demand. EV will only provide one a constant reference point. Your feelings and intuition are not to be discounted as they both contribute significantly to your analysis. Any other argument against it is garbage whether one sees it or not. EV analysis is not for the elementary market player to use.

    Mir I did not use Exchange Value when I began for the same reasons as most do not use it now. Use it or not, my poor explanation or your reason, up to you! I will tell you this though: Anytime I have used it and have chosen to disclose my findings in the form of predictions regarding market price, I have been correct 100% of the time.

    @sglick Yes, I would like to attempt to explain lettuce mechanics. You may help me by trying to find a price on your market where you may list and sell 1000 units of lettuce. You want to sell it and take as little risk as possible of it being returned to your barn. My past experience leads me to believe I can determine a more accurate price for sale of the 1000 units of lettuce without an event going on. Don't tell me the price you decide. This will be done without the use of exchange values and useful when buying and selling nearly all items, even breeding animals. I want to work with cheap lettuce though, I'm broke and don't want to play with expensive breeding animals to learn.

    I really enjoy learning how others are making ccs with donkeys. But I have a question. What price in terms of ccs can I place on power feed? I know purchasing power feed is the most efficient way of turning real life money into ccs. But what cc value can I put on power feed for my own use? I know I cannot sell it.
     
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  19. sglick

    sglick Board Analyst

    Broke - OK, I have sold 2 units of 1000 lettuces at 2 different prices. This 1st price is .41 CCs more than what I paid for my bulk of 9,999 lettuce that I bought several months ago. I chose this price, because it was .01 CC less than 5 pages of certain amount. This price was still higher than 1 other offer. Usually, I price .01 CC lower than whatever the lowest offer is. I do this to be safe, because I do not have the smarts. Hopefully, you can change this. LOL

    The 2nd price is riskyer. It is higher than those 5 pages of lettuce all at the same price.

    As I set the prices, I did notice how many offers were being made and what the highest price was and the quantities offered.

    I will let you know when they sell.
     
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  20. Aluntino

    Aluntino Board Analyst

    farmer_broke,

    I used to use, based on roasters then pricing, a virtual CCs-equivalent value of 500 CCs each, after having considered then space usage was negligible, due to negligible cost of pheromones.

    I used to use it when I used to assess my breeding sessions (my own breeding ones) to see if they had been potentially profitable or not. I even built a complex workbook.

    But I don't use it any more. Too much time consuming and, after all this time, I really don't need it. I make instantaneous decisions.

    Given today pricing trends, I would now place that virtual equivalent value more in the 1000 CCs range, per unit.

    sglick,

    In short, what farmer_broke means, as I understand it, by "playing with everything" as if it were lettuce is that you can buy whatever, whatever its price, based on profit considerations, no matter if it's a lettuce or a flaming steer. But, for doing that, he implies and I highlight, you need to understand very well that specific market dynamics. He also claims he can assess that only by taking exchange value as the guiding compass, at least for the long term. You already know that I think that's not enough for the short to mid term -and he actually agrees, because it simply stands to reason-. But, anyway, in the end it doesn't matter: being able to play the market with everything as if that everything were lettuce is the true freeing concept underlying all of this. Again, like I said many times, it's exactly as in real life, with anything, provided you have the funds to buy that anything. No matter how much you can afford to invest to play the market, the underlying principle is always the same. And I fully agree with him.
     
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