Why is ECTO price in the toilet?

With Solo Farming essentially nerfed, why would ecto drop from 11k to 7.5k? Seems ecto would rise with loss of supply...

Because Rare Crafting materials are exempt from the loot scaling.

if they are exempt from loot scaling, shouldn'tt hey just stay the same as before?

Because of the dumbed down Noob Mode, farming is easier than ever.

SELL SELL SELL

Perhaps people are just freaking out and cashing in their ecto stocks

Time for them to invest in new mini's methinks haha.

Nope, because they also said they dropped the farming code. Meaning, you can farm UW all day long and not have your drops effected.

And since Ectos are not bound by the loot scaling, they drop more often for small parties. Add to that the UW entrance scrolls that mean you don't have to wait for favor and you've got a recipe for lower prices on ecto.

and the fact most of the 'gold' usually came from excessive farming of areas which dropped whites etc which could be readily merchanted...with that gone... there actually is less GOLD coming into the economy while there is still the same amount of ectos if not more

People get less Normal drops (Money,Whites, Purples) -> They Merch less -> Get Less money for merch Farming -> Hoping to get money from trading gold items -> lot's of gold (including rare, colossals anyone? ) items on the market -> prices of these rares go down -> need less ecto to pay for these items -> Ecto prices go down.

Give it 2-3 months and the prices will become more stable hopefully. On a brighter side,if you need fow armor you can get with 40% discount now ^^

I'm in the process of getting FoW armour . ANd i've stopped farming ecto a few months ago, the economy is playing my game

First because of the easier Normal Mode, but I think there's another factor: After the first "Anti-Farm" Update, everything had a decreased droprate (if you go out alone), so Ectos got to 11k (there was a higher demand for Ectos, because everyone thought they would become rather rare).
Then rare materials were excluded from this "Anti-Farm", and because the price of Ectos was so high at that time, many people sold their Ectos to the merchant for a quite good price (instead of trying to sell them to other players, because noone will pay 10k per Ecto), because they knew that the price would drop again. And they did indeed, they are now as frequent as before the update, if not more frequently. (Easier Normal Mode).

EDIT: While I wrote this explanation with my poor english-skills, at least 5 other people hit the nail on the head -__-

Exactly.

More people farming ecto and less people that can afford to buy the ecto = lower prices.

another good reason = companies selling gold raised their price by 300% after the hard mode loot scaling update.
less real life rich ebayers buying ectos from the trader = ecto price down

apart from the gold "deflating" and everything, ecto is a lot faster to farm than before (in my opinion at least).
maybe memory might be tricking me, but ecto used to be around 6k at the time of spirit bond wasnt it.. 7-8 months ago

Anet gave people what they wanted: Fow armor for casuals. So stop moaning already.

I think it has more to do with increase in supply of ectos (you surely know why) than the decrease of gold coming into the market. It's because I dont think gold coming to the market has been decreased that tremendously. Gold sources from white/trash items now have been replaced by more rare drops (gold items) in HM and HM or UW-NM is where hardcore famers farm.

Also most people who had nothing better to do then getting Fow / Expensive items for their chars gone hard mode instead.

Ehm, if less people would do UW, the ecto prices would rise instead.



Ecto prices are getting lower, cause all the other farm runs got nerfed. Now people who didn't farm UW before, had to do it now.

Also, WAY more people can do Underwold now with the scrolls. (I mean, Japan and Korea etc almost never had favor, but now they can go into UW very much.)

And we get the deflation effect at the moment: People bought ecto's before, but they don't dare to buy now, cause they think the price might drop even more. This is why there is more supply than demand.

The prices where doomed the second they excluded rares and rare materials from the loot scaling effect. Hardmode however drops those things better than ever before in areas that didn't drop anythign worthwhile before. So now a lot (and I mean a lot) of the rare skinned weapons are earthbound in their prices. Who in his right mind will buy a Colossal Scimitar for 1.000 p when he can just farm the area for 2 or 3 days and get it nonetheless.

So with the loot exception, every price is earthbound due to extense oversaturation of goods. Plus the farmers have been hit reaaaaally hard with the update while the newer players haven't been hit at all. It's basically a message shoved down the throats of the playerbase "if you f*cks don't lower your prices for the newbie, we make you do it". And this is what this is all about, why everything is losing value left and right. So the lazy newbie can get his stuff faster.
Basically, not much has changed for the older players instead that every price has lost 3 digits at the end same as the income has lost 3 digits at the end. Things will balance again but at a much lower level which is much more lazy guy friendly.

i agree with that, they made mid-range rare items drop down tremendously in price. i dont know how itll balance out, i still think ecto will drop down to a steady 6k and stay there for a while. all the inscribable weapons will drop down further in price. sephis axes are dropping down already, so..

basically this increases the gap between rich and poor/semi rich ppl

Actually my point was that the Gap decreases. Basically my assumption is that every item with the exception of HOH Items tremendously drops in price because every other rare can be easily farmed now.

Mursaat Weapons? Just go and waste Mursaats, they drop them like crazy now.
Colossal Scimitar? Oh boy, plenty of level 20 corsairs around now.
Sephis Axes? Grab your trusty smiter and kick some undead ass. Get dead bows and Sephis Axes along the way.
Elemental Swords? Chestrunning, rewards better than ever.

I mean seriously, what rare isn't dropping like a rock by now? Those that you can only obtain in the HoH, like the crystalline sword (the purple garbage versions of PVE just don't count).

So end of line, the rich keep their wealth. Basically, yet again the newbie can close in a lot faster than ever before. The gap is lowered, not widened.