Top bid for energy: 6687 x 4
then
Someone puts in a bid for 6800 x 4
Every time you do that you drive up the price. Simple.
What I can't understand is why someone would do that. Want to be at the front of the line? Bid 1 more crown than the last guy, though even that drives up prices.
Here's why ce prices are so high
As if it were a mystery.
What I can't understand is why someone would do that.
People are being dicks. No, really. The reason CE is climbing is because those with a lot of CE are bored and raising it for poops and giggles.
You have that backwards. Selling CE brings the price of it down. Buying CE raises the price. If you think the price is too high, then your complaint is that too few people will sell at what you think the price "should" be, and too many people will buy at that price.
If you think CE is valued at too many crowns, then the reasonable thing to do is to buy it with real money and then sell it for crowns. And definitely don't pay crowns to buy CE. If a lot of people came to that conclusion, then you'd have too many sellers and not enough buyers at the current price, and that would force prices down.
That's not really why CE prices are high. Consider that nobody has to sell CE to that offer, and there's another side of the interface with offers to sell CE at a certain price.
There are two reasons to put a high bid up. Suppose that the buys are 5000 and the sells are 5500. 2% of 5500 is 110. Someone putting up and getting Ce at 5001 can now turn around and sell it at 5499 and make not quite 500 profit, but 500 - 110 (fee) - 2 (one-up and one-down), still, a health 388 for turning around one block of CE.
Now suppose that someone comes along needing to craft a piece of 5* armor. Well, they sure don't want to pay 5500 if they can pay 5000 - but the guy making profit on playing the middle keeps one-upping! The only way to not pay full price (5500 in the example) is to to put up a bid that kills the profit. The guy in the middle will one up all day until the price reaches 5390 and profit vanishes., so as the guy who really wants energy soon but not soon enough to pay full price... just bid enough to close the margin of profit and not waste time with the one-up game.
The other reason to put a high bid, of course, is to push the market in your chosen direction, but this needs to be done with a very large block, or with a flood of bids to hide the history. I've seen a lot more of the gap-closing sort of bid than the market-push sort of bid in the last few days, and there have been a lot of markets that were, if not the 380 in the example, still a good 80-150 crowns profit. If that doesn't sound like much, multiply it by trading 10-20 blocks at a time.
Anyway, market players won't one-up a bid that closes the gap into non-profitability, so that person usually gets their bid filled without any trouble and then market playing resumes once the 'priority order' is out of the way. If that -doesn't- happen and the market moves up as people take the high offers to sell CE until a profitable gap exists again and one-upping resumes... ? That's just a market adjustment, not a conspiracy.
no idea why so many different calculation is always needed for this topic, the only reason i can think of is, despite the price is rocketing, there is still some one out there buying the CE at that high price ( thus always having the CE price moving higher as the lower price has been bought) . Unless everyone in the game stops buying CE with crown ( which is impossible), it will be alittle impossible for the price of CE to drop.
Nonsense. That pushes prices to equilibrium faster, but doesn't change the equilibrium.