Who buys diamonds for 3£?? are you absolutely nuts? How can you have a deviation of 11£, with the lowest price being 3£, on something as solid as diamonds.. holy crap

I mean.. someone clearly doesn’t know how competition works, you have to outbid your competitors, not plunk the price down to almost nothing. Wow i’m awed

so I can seriously get 3£ diamonds right now? that’s insane, what do people sell them for then? They’re worth less than a gold bar.. Is this just me?

Diamond (*1)

• 3.00$

• 9.45$

• 14.00$

Ha! The thing is, the highest amount I can sell my diamonds for on Ae0’s is for £2; if I walk over there, with a stack of dia blocks, I’m only gonna sell them at £2 per diamond. Which is crap for me, when they end up getting sold for a median of 9.45.

So, the other day, I said screw it. I’m going to take up shop in London (which you can now reach via a nether portal at Ae0’s!) and start selling diamonds myself, starting at just £2.50. Because, at the end of the day, £2.50 is more than the £2 I would have otherwise got, and I’m getting rid of my boring diamonds at the same time.

So come on down to my shop in London (when it’s set up) for the cheapest diamond deals around!

Remember when prices didn’t have the absurdly low prices? Remember when people didn’t complain about getting sold things for a low MINIMUM price?

Seriously though nobody’s gonna sell for the minimum all the time. At least if you’re not stupid that is.

the economy just had a heart attack

It would make sense to include both sell and buy prices. I buy diamonds for $3 (because people actually sell), but I would never sell them for that price (I sell for $7). And if someone sells stone for $0.25, then they either have insane stock, or you can easily buy them out and resell it for $3.00. Either way I don’t see it as a problem.

Stop being butthurt over your stockpiles of worthless diamonds that you can’t sell for outrageous prices and blame xp bottles + mending + no “wars”.

There is no “true” price of a diamond. If no one wants your diamonds for $15, it’s your problem ¯\_(ツ)_/¯

Who buys diamonds for 3£?? are you absolutely nuts?

Erm… If someone keeps selling me diamonds at $3, who is nuts here? ?

How can you have a deviation of 11£, with the lowest price being 3£,
on something as solid as diamonds.. holy crap

Because some people are stuck in the past and haven’t updated their shops in ages?

I mean.. someone clearly doesn’t know how competition works,
you have to outbid your competitors, not plunk the price down
to almost nothing. Wow i’m awed

If someone keeps selling diamonds at $3, then I will keep my prices that low. If no one buys diamonds at $15 because there are other shops selling at $7, I will be selling at $7. I don’t know how that is “not competition”, maybe we both should consult a dictionary on that term? ? If I start running out of stock, I might consider raising my prices. But having tons of dead assets (stacks of diamonds that you can’t move) is not how you earn money.

so I can seriously get 3£ diamonds right now? that’s insane, what do
people sell them for then? They’re worth less than a gold bar..

None of the precious “metals” are that rare imho. People have been stockpiling diamonds for eternity because they were led to believe that diamonds were valuable. But what is the value of something you never use (due to mending and other reasons)?

Ha! The thing is, the highest amount I can sell my diamonds for on Ae0’s is
for £2; if I walk over there, with a stack of dia blocks, I’m only gonna sell
them at £2 per diamond. Which is crap for me, when they end up getting sold for
a median of 9.45. So, the other day, I said screw it. I’m going to take up shop
in London (which you can now reach via a nether portal at Ae0’s!) and start
selling diamonds myself, starting at just £2.50. Because, at the end of
the day, £2.50 is more than the £2 I would have otherwise got, and I’m getting
rid of my boring diamonds at the same time. So come on down to my shop in
London (when it’s set up) for the cheapest diamond deals around!

If there is no hidden sarcasm, then sure, you should do it. I would not go as low as $2.50, because I am willing to sit on my diamonds a little bit longer and hope to eventually sell them at a higher price, but I see absolutely nothing wrong with someone selling them at a lower price.

———————————

And another important data point for you: KellyYore also thought diamonds were worth $13-15, until one day ArtificialDemon sold him several stacks of blocks and completely drained his balance. Will KellyYore ever be able to sell them back at a higher price? NO, because no one needs that many diamonds, and anyone who can afford them can get a sufficient amount by mining.

The thing is, I’m opening my shop, and I’m going to offload diamonds starting at £2.50. I have no doubt the 3 stacks I’ll sell will be gone instantly. The same will be the case for anyone else selling at such a low price, and before you know it, those owners can’t keep up with demand, and the price goes back to normal.

One thing this doesn’t show is how much of each item is being sold (because there is now way to know). I’d hedge my bets that the guy selling at £3 has a few stacks, and little more, whereas those selling at the median rate of £9.45 and above probably have many more diamonds for sale.

The situation could be one diamond for sale at £3, and 64 for sale at £10, but all we see is that some diamonds sell for £3, and some for £1; in essence, only half the picture.