The crash of the armbrace market...

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arcanemacabre
arcanemacabre
Grotto Attendant
#81
Woo! Might be able to get me a tormented recurve now!
zwei2stein
zwei2stein
Grotto Attendant
#82
I am starting to equip heroes on my main char with tormented weapons.

Go figure.
Spaced Invader
Spaced Invader
Frost Gate Guardian
#83
Quote:
Originally Posted by EmptySkull
But this thread is about what is causing a rapid deflation of armbraces. Like it or not Ursanway has dramatically sped up the process of deflation for gems, ergo armbraces. Just a fact of economics. Armbraces would have deflated anyway without Ursanway.
Actually that's inflation, not deflation.
Deflation would mean that armbraces are becoming worth more, not less (as it is the case).
C
Commander Ryker
Site Contributor
#84
Quote:
Originally Posted by Songbringer
Err the 117 refers to the ones who were banned for using the "secret outposts" to run peopl through the game and skipping over many sections. Or am I mistaken? I generally avoid reading about people getting banned because I don't care and believe that anet truely only bans people who deserve it.
You are mistaken. The 117 were banned for using the secret outpost to get right to Mallyx and farming him.
EmptySkull
EmptySkull
Lion's Arch Merchant
#85
Quote:
Originally Posted by Spaced Invader
Actually that's inflation, not deflation.
Deflation would mean that armbraces are becoming worth more, not less (as it is the case).
?????

Ok let's split some hairs then. With the decrease in money supply, i.e. Loot Scaling plus the decrease in demand for armbraces,i.e. everyone and thier mother can farm the gems now leads to deflation. First of all the overall economy of GW is in deflation. All prices are falling. Rare limited items are still expensive but because of the limited availability is what protects their value. Deflation occurs when
Quote:
Originally Posted by http://en.wikipedia.org/wiki/Deflation_(economics)
Effects of deflation
In economic theory deflation is a general reduction in the level of prices, or of the prices of an entire kind of asset or commodity. Deflation should not be confused with temporarily falling prices; instead, it is a sustained fall in general prices.
Quote:
Originally Posted by http://economics.about.com/cs/inflation/a/deflation.htm
Following the logic of that article, deflation can occur because of a combination of four factors:


The supply of money goes down.
The supply of other goods goes up.
Demand for money goes up.
Demand for other goods goes down.
The supply of money goes down. (lootscaling)
The supply of other goods goes up. (DoA Gems)
Demand for money goes up. (Panic in the market everyone is trying to liquidate)
Demand for other goods goes down. (Alot of people don't have to buy an armbrace they can get it themselves.)

I would call what is happening to armbraces deflation. one could debate it I suppose like you have. But in the end you get my point. That the prices are falling and that is what this thread is about.
Grasping Darkness
Grasping Darkness
Banned
#86
Quote:
Originally Posted by I MP I
Ursan and duping.
theres a lot of new skills and consumables that make it possible to rampage almost everything in the game at light speed. duping? i haven't heard that term since d2. you mean ppl hacking gw servers and duplicating items? i doubt it
stretchs
stretchs
Jungle Guide
#87
Duping can and did happen. And unfortunately for everyone that likes to sell things in game it has caused a overflow market of armbraces that are now creating the downward thrust in prices, now that the price shock has hit, the prices will continue to drop until there is market saturation, once there, the prices will finally level out much lower than they are now, and should remain in that position until the next fotm item comes about
Nemesis of God
Nemesis of God
Lion's Arch Merchant
#88
Consumables
Ursan
Duping
HardMode
Messy
Messy
huh?
#89
Duping, no doubt in my mind.

*Players using UB and running through DOA in 3 hrs is a drop in the bucket. *Players bidding 1750 armbraces for a mini ( and not more 'cause they don't fit in trade window) ARE the problem.

Anet may have banned some players for duping, but there's no doubt MOST of the duped armbraces are still there. These cheaters probably got scared, moved armbraces around and laid low in hopes of being undetected. When the banning was about to come down, some players were selling armbraces dirt cheap, they were in full panic mode. Those that stood quiet.... now still have their stacks of armbraces. I'm sure these are being slowly released into the market, unless you are all cocky and figured bidding 1750 armbraces would not make people wonder.

ANET should:

1- Look into these accounts and see how legitimately they acquired these armbraces. Take appropriate action as needed and stop looking the other way.

2- As somebody suggested, update all old armbraces, if possible Pre-Duping, and make them customized, as well as any weapons acquired with them. Let the cheaters have their heroes carry torment weapons.
K
Kyp Jade
Jungle Guide
#90
Got ursan for the first time on one of my characters (paragon), and did full DoA run last night for the first time. With a bunch of DoA virgins.

I must say i struggled to play ursan, its almost as hard as playing a thumper. Keep nodding off or c-spacing because its simply to hard to pay attention when all you have to do is press 1,2,3 a bunch of times. Towards the end I just set a G15 macro to continually loop those three buttons and follow a buddy so I could get some Mathematical Physics homework done. Had some nice convos on vent. I occasionally had to res someone or look back at the GW all that much.

Ursan ftl
Croco Clouds
Croco Clouds
Wilds Pathfinder
#91
Quote:
Originally Posted by Kyp Jade
Got ursan for the first time on one of my characters (paragon), and did full DoA run last night for the first time. With a bunch of DoA virgins.

I must say i struggled to play ursan, its almost as hard as playing a thumper. Keep nodding off or c-spacing because its simply to hard to pay attention when all you have to do is press 1,2,3 a bunch of times. Towards the end I just set a G15 macro to continually loop those three buttons and follow a buddy so I could get some Mathematical Physics homework done. Had some nice convos on vent. I occasionally had to res someone or look back at the GW all that much.

Ursan ftl
I never heard of a subject called Mathematical Physics, what is that lol. I know mechanics/quantum physics, is it something harder?
Shadowmoon
Shadowmoon
Wilds Pathfinder
#92
solution to problem,
make a new item to replace armbrace that is unstackable.
Allow only 2 weeks for people to trade in teh old armbrace for the new item for a 1 to 1 ratio.
This would kill the armbrace prices, which i beleive the majority of armbrace out there are duped.
The mass amount of armbrace out there are from people who traded rare items for a retarded amount of armbraces. There accoutn were banned, but were unbanned claiming that the rarity of the item justified the trade, even though just looking at the market, you can see what was offered were 50 times the price before the time of duping. Because Anet just didn't just revert these trades, we have this situtation we have today, with the high end market's currenty being armbraces.
snodaard
snodaard
Jungle Guide
#93
Quote:
Originally Posted by Shadowmoon
solution to problem,
make a new item to replace armbrace that is unstackable.
Allow only 2 weeks for people to trade in teh old armbrace for the new item for a 1 to 1 ratio.
This would kill the armbrace prices, which i beleive the majority of armbrace out there are duped.
The mass amount of armbrace out there are from people who traded rare items for a retarded amount of armbraces. There accoutn were banned, but were unbanned claiming that the rarity of the item justified the trade, even though just looking at the market, you can see what was offered were 50 times the price before the time of duping. Because Anet just didn't just revert these trades, we have this situtation we have today, with the high end market's currenty being armbraces.
/nosign

what if someone buys an armbrace for a friend and goes on holliday, or a pc crash, bye bye armbrace...
|pyro|
|pyro|
Wilds Pathfinder
#94
after this thread, I haven't seen a lot of Armbraces on sale, maybe its just me
creelie
creelie
Wilds Pathfinder
#95
Quote:
Originally Posted by Spaced Invader
Actually that's inflation, not deflation.
Deflation would mean that armbraces are becoming worth more, not less (as it is the case).
It's deflation because gold is effectively worth more. Armbraces aren't the only thing getting cheaper, and it's been going on for a long time.
stretchs
stretchs
Jungle Guide
#96
There is not a single thing in the game that has been out for any amt of time that the price isnt dropping as time goes on
Pandora's box
Pandora's box
Jungle Guide
#97
Don't we forget the BMP weapons? After upgrading you have a perfect nice skinned weapon for about 20 k. I equip every hero with them, where before I was looking for high end stuff for the most important hero combo's of my main chr.
ShadowsRequiem
ShadowsRequiem
Furnace Stoker
#98
Quote:
Originally Posted by Grasping Darkness
theres a lot of new skills and consumables that make it possible to rampage almost everything in the game at light speed. duping? i haven't heard that term since d2. you mean ppl hacking gw servers and duplicating items? i doubt it
Guess you've been living in a cave for quite sometime.

Try to search for some threads on the massive amounts of armbraces that were duped. You'll even seen some retard named Chunky Monkey who is in a screenshot with 1750 armbraces.
Sir Pandra Pierva
Sir Pandra Pierva
Forge Runner
#99
Quote:
Originally Posted by Kyp Jade
Got ursan for the first time on one of my characters (paragon), and did full DoA run last night for the first time. With a bunch of DoA virgins.

I must say i struggled to play ursan, its almost as hard as playing a thumper. Keep nodding off or c-spacing because its simply to hard to pay attention when all you have to do is press 1,2,3 a bunch of times. Towards the end I just set a G15 macro to continually loop those three buttons and follow a buddy so I could get some Mathematical Physics homework done. Had some nice convos on vent. I occasionally had to res someone or look back at the GW all that much.

Ursan ftl
i have actually been running an axe spike mostly even though i have UB on my bar. I just almost never use ursan or see a need to use unless some PUG decides to RED ENGINE GORED ENGINE GORED ENGINE GORED ENGINE GO it all up.....as they like to do.
romeus petrus
romeus petrus
Jungle Guide
#100
IMHO the main reason the prices of armbraces dropped is because more ppl are doing DOA these days. Now it is true that the vast majority of ppl are doing it ursan style with consumes.

I agree with whoever suggested a new Elite area with new elite drops/weapons that u cannot go through Ursan style. With armbraces prices dropping from 50 ectos to 35 ectos in just over 3 weeks, I think Tormented weapons have lost their prior status of being the uber leet weapons that everyone dreams about.