Ok! Who pushed the TBT exchange rate back up to 800k again?

[BiggKitty]

It was already sitting at the inflated rate of 800 k in game bells for 100 TBT bells, and there appeared to be an inexhaustible supply of players willing to cash in their TBT bells at that rate, but now I see for no apparent reason one player has upped it to 900k this morning? It is a pity that players who would like to buy a relatively small number to get a name change perhaps are now being priced out of the market. Although I have noted Flop kindly giving donations to help out some of these people.

It poses the controversial question of how do players who are constantly buying TBT bells finance their purchases? It would appear there are several ways of amassing funds.

Bug collecting. Forget it
Selling villagers. Limited
Buying and selling turnips. Very time consuming, boring and wouldn't now bring in enough finances
Duping items and crowns. Heavily frowned upon by Bell Tree, but looks the obvious choice as there is a limit
To quite how many items and sets you can sell before it looks suspicious

There is also a knock on effect of the exchange rate rising in the way it is currently doing. The higher the exchange rate goes, would be buyers mentally convert and expect to pay far less TBT bells for items. However, players seeking to buy forum collectibles are finding the TBT bell prices asked are rising very steeply mainly because of lack of availability and the number of players with large TBT bell bank accounts.

Perhaps the "man who does" will flood the shop with Japanese logos and chocolate cakes at the next restock, and all wishing to own one of those items will get their wish fulfilled rather than having to hope to purchase at the inflated prices I expect will be asked on the marketplace.

.....and before anyone cares to remind me..... Yes I have previously bought in TBT bells when they were at a very much lower exchange rate,; yes, I have recently had a sale of items that were collecting dust; yes, I buy as many forum collectibles as I can and will continue to do so, but I have also given away quite a large number to people I choose to give to; and yes, I hoard TBT bells.

I BET THE ADMINS NEVER THOUGHT TBT BELLS WOULD BE WORTH WHAT THEY ARE TODAY!

 

[Aesthetic]

I honestly don't understand why people pay so much to buy TBT bells - 900k per 100? Seriously?

 

[Sholee]

after the Pokemon promo is over, i think the exchange rate will drop. Everyones trying to use tbt bells to get nintendo codes for the pokemon game download code. Hence the reason the exchange rate is so crazy.

 

[Flop]

I never took this into consideration ^


But yeah, the exchange rate is absolutely ridiculous. It's possible to have a lot of legitimate money, but it's most likely the result of duping crowns non-stop. When I joined TBT not long ago, the exchange rate was maybe 200k per 100 TBT? It's only sell matter of time before it goes over 1 million. I've spent over 30,000 bells over the last 2 days. I have a successful TBT Shop in which I try to sell items for decent prices, but pretty soon I'm going to see people sell unorderable sets for less than 100 bells. The 300 I offered was pretty low to begin with.. I just can not even imagine people getting legitimate sets and selling them for that low. I've been restocking for a couple weeks now, but I've noticed people who have "limited stock" which never seems to run out. TBT bells are losing their value, as people want more and more for exchanges. No one would buy a golden tool for 300 TBT, (which used to be normal) when he or she could get it from a someone else for 50 bells. People don't realize what they're doing by raising the exchange rate to ridiculous amounts.

 

[Lassy]

Oh. I remember when people used to buy them 100k per 100 tbt, it just increased so quickly, makes me think of the lodging market, in France, houses used to be cheap and now they went really up!
I think it's going to go down one day, it's the bubble effect, that's what happened with the housing price in USA. Then there's depression.

 

[hemming1996]

100k per 100tbt was when it was at its lowest imo.

i still sell my TBT bells for a income on AC and i've gotten 100+mil from just selling 10k alone. you can't complain about the price because TBT didn't make an official one, it's just the members. I might sell them for 100k per 100tbt at one point but what's the point in tbt bells if you don't sell them/trade them bcuz i swear everything good in the shop is sold out and nobody really sells club nintendo codes that much [i use to see 10 threads per day or smth]

i guess you can't do anything about it? it's just what people think of as a ''fair price''

 

[Sholee]

I never took this into consideration ^


But yeah, the exchange rate is absolutely ridiculous. It's possible to have a lot of legitimate money, but it's most likely the result of duping crowns non-stop. When I joined TBT not long ago, the exchange rate was maybe 200k per 100 TBT? It's only sell matter of time before it goes over 1 million. I've spent over 30,000 bells over the last 2 days. I have a successful TBT Shop in which I try to sell items for decent prices, but pretty soon I'm going to see people sell unorderable sets for less than 100 bells. The 300 I offered was pretty low to begin with.. I just can not even imagine people getting legitimate sets and selling them for that low. I've been restocking for a couple weeks now, but I've noticed people who have "limited stock" which never seems to run out. TBT bells are losing their value, as people want more and more for exchanges. No one would buy a golden tool for 300 TBT, (which used to be normal) when he or she could get it from a someone else for 50 bells. People don't realize what they're doing by raising the exchange rate to ridiculous amounts.

I've been contemplating selling my unorderable DLCS/sets that i've accumulated for tbt bells but when I checked how much they were selling for yesterday.... I changed my mind. They are being sold for so little now.. too little to make me wanna sell my unorderables that I've been hoarding.

 

[Skyfall]

Pretty soon it will be 1 million which is ridiculous. Sigh.

 

[Flop]

All it takes is one person, too. It takes one person to **** us all over. XD

 

[hemming1996]

it may be ridiculous, but for many selling tbt bells is a way of life ;;
i hope people will still buy if i sell 200 for 1mil so 500k for 100 tbt bells, maybe more interest will come into buying them and the price will lower

its been on 800k for the last 2 months though, it may stay at that price.

 

[Sholee]

it's going to reach 1 million soon because tbt buyers keep trying to top one another.

 

[Flop]

Exactly. -__-

 

[Waluigi]

I might not know about past prices, but this is ridiculous. How is it allowed to inflate to that price?

Greedy people.

just like pav?

 

[LambdaDelta]

and then I'll sell all my TBT bells and go from rags to riches

- - - Post Merge - - -

thx TWIGGY for getting in the way

 

[Sholee]

all tbt buyers need to have a conference and decide a price for the exchange rate and keep it at that, no undercutting each other. Maybe that'll work? I'm sure tbt buyers dont WANT to pay 1mil per 100tbt.

 

[PrayingMantis10]

Yep. I'm about to sell out of fear... a TBT market crash

 

[Byngo]

Back in the summer, and for quite a long time really, the exchange rate was 683k for every 100 TBT bells. To me, that seemed a little more fair. 800k is pushing it ;_;

 

[Gizmodo]

I hope it keeps rising
its very beneficial to me, someone who easily earns TBT bells, but struggles so much to get in game bells which i actually need for dreamies etc

 

[Sholee]

Back in the summer, and for quite a long time really, the exchange rate was 683k for every 100 TBT bells. To me, that seemed a little more fair. 800k is pushing it ;_;

in the fall, sept/oct 2013. It was 200k for 100 tbt bells because thats when i was buying tbt bells and allowing people to buy their dreamies with that exchange rate and it was fine.

 

[Lassy]

all tbt buyers need to have a conference and decide a price for the exchange rate and keep it at that, no undercutting each other. Maybe that'll work? I'm sure tbt buyers dont WANT to pay 1mil per 100tbt.

I don't think there is going to be an agreement, because there is always someone who is willing to buy higher in order to have all the "clients", someone started to buy higher and it went on, it's a vicions cycle :/