Are Massivecraft Items Overpriced?

Are Items Overpriced on Massivecraft?


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I have been seeing some people saying that items are overpriced and some say they are not. Tell me your opinion in the reply sections. And don't forget to vote!
 
Last edited:
Diamond used to be 2 silver a pop, (20 regals) you can get 20 diamonds for that price now... Don't complain :P...
 
I am working on a small side project to calculate the average price for the majority of items that people often trade. My baseline will be the Regalia market and then move to open suggestions or other markets for the gaps. I cannot promise a timeline but if my project is successful I should be able to show everyone a suggested value for items in MassiveCraft.

With that being said let me say this disclaimer: These prices are my own opinion and not that of the MassiveCraft staff team or anyone else for that matter.
 
Things are worth as much as people are ready to pay for them at the moment. It is really that simple. The reason why certain items are priced so highly is that some richer people often engage in bidding wars over them, therefore driving the price up quite a lot.
 
Here is my opinion about the current economy:

Certain things have increased prices because of consumer taste: These items include; PvP gear, McMMo concoctions, Certain Voting items, and Certain enchanted books.

The nether market; Is at rock bottom due to the influx of items in the market

The valuable material market is iffy, Certain commodities like gold are on the rise due to dumps for the item, but other things like diamonds, lapis, emeralds, iron are still bottomed out after the fishing crisis

Overall I would like to say the markets are all very healthy because consumer wages seem to be on the rise. The only shortfall of the current economy would be at the top of the money top list. All of those 1%-ers are hording money as a competition and investing very little of it back into the markets.