What happened to Ecto and Shard Prices
Mourne
Just sold the last of mine 4k each...thank god ><
ALF71BE
Things in ectos are worthless and priced higher to compensate the drop in prices, and buyers don't have that many ectos, so they create a sin and go farm UW to get those ectos. Vicious.
Tonight I'm only hoping to sell my ectos, and then I won't do any trades of 100+xx for a time.
Seriously Anet, make the drop rate much lower.
Many say that prices haven't gone down much at all. That's because people didn't had (many people) a sin at the time of the SF update. In just three days (the last three days), prices have gone down over 1k. Meh at this step I'm better off buying and selling mods, minis and consumables. Or heck, farming trolls with a 55 -.-.
Tonight I'm only hoping to sell my ectos, and then I won't do any trades of 100+xx for a time.
Seriously Anet, make the drop rate much lower.
Many say that prices haven't gone down much at all. That's because people didn't had (many people) a sin at the time of the SF update. In just three days (the last three days), prices have gone down over 1k. Meh at this step I'm better off buying and selling mods, minis and consumables. Or heck, farming trolls with a 55 -.-.
kerpall
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Originally Posted by ALF71BE
Tonight I'm only hoping to sell my ectos, and then I won't do any trades of 100+xx for a time.
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itsvictor
TBH I always have found the "OMG ECTO PRICES DROPPING EVERYONE WILL HAVE FOW AWW SHAT IT'S NOT LEET ANYMORE" argument to be the stupidest thing imaginable. Get what YOU looks good period and not what is "LEET" in a game where armors are >>>>BALANCED<<<<. As everything devalues, everyone can get what they want, I have no problem with that(leetness is not a reason to keep a barrier between people/individualism in taste imo). I do have to say ecto drops from solofarming is insane, 2 days work (10 hours) and I have chaos gloves weeeeeeee.
eeks
Eh? They've been at 4.8k every time I checked. Or did it momentarily drop to 4.3k? It doesn't matter, 'cause a constant flow of an item over 2k is still worth something, just not so excellent for high end trading.
I agree.
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Originally Posted by itsvictor
TBH I always have found the "OMG ECTO PRICES DROPPING EVERYONE WILL HAVE FOW AWW SHAT IT'S NOT LEET ANYMORE" argument to be the stupidest thing imaginable.
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psycore
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Originally Posted by DonCorleoneCS
It took me a good 4 months to save up for my armor well over a year and a half ago....it was an accomplishment that I was proud of. It's lost its prestige.
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garethporlest18
Ecto prices may have dropped because of the UW SF farms, maybe not.
Shard prices went up because more people are buying FoW and no one sells mass shards (like ectos) so people buy them from merchant.
Shard prices went up because more people are buying FoW and no one sells mass shards (like ectos) so people buy them from merchant.
Thizzle
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Originally Posted by psycore
What prestige? Only you feel it has devalued, no one else cares - I still think all fow armour looks ugly whether you farmed, traded or ebayed it.
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Spirit Of Azrael
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Originally Posted by DonCorleoneCS
I never claimed it was skill to have the armor...I'm saying that it took skill to figure out ways to make the money and get the materials for it. There's a big difference. And yes at one point if you had obsidian armor people did look at you differently.
There was a lot more to getting the armor then farming. Then again you signed up for guru April 2008 so you've lost all credibility with me. |
Your kind is the cancer that killed GuildWars and worships GrindWars as the greatest thing ever
Lord Sojar
The sky is falling. Sell your ectos to me for terribly cheap before they go lower, for the end is neigh! lol.
I guess when I said price floor, that wasn't clear enough.
4k, it won't go under that, no matter what. You can stop freaking out now.
I guess when I said price floor, that wasn't clear enough.
4k, it won't go under that, no matter what. You can stop freaking out now.
strcpy
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Originally Posted by eeks
Eh? They've been at 4.8k every time I checked. Or did it momentarily drop to 4.3k?
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Originally Posted by Rahja the Thief
The sky is falling. Sell your ectos to me for terribly cheap before they go lower, for the end is neigh! lol.
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Abedeus
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| I once saw them drop to 4.6k but they quickly made it back up to 5k then back the 4.8k value they have had for a number of months. I'm not sure where people are seeing this drastic drop either - I rather suspect that they think that the phrase "If you say it, Anet will believe it" is in some way a truth. Ecto hasn't dropped the way predicted yet, therfore repeat it often enough and it will be true - unfortunately Anet not only has a memory but they also have server logs. In fact it wasn't that long ago (yet before the SF update) that I saw them hit 4.5k and 4.3k. |
ricocheting
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Originally Posted by Rahja the Thief
4k, it won't go under that, no matter what. You can stop freaking out now.
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if something doesn't change, for the current peramsin chaos plains farm, the effort vs reward will end up with ectos bottoming at about 2k. no amount of wishful thinking will change that.
H I R O
Ok covering my opinion(Haven't read entire thread so someone may have posted this already). Ecto going down due to SF. Rise in Obsidian Shards because all the noobs grabbing ecto for cheap are getting fow. NEW CURRENCY(in my opinion)=The Zaishen Key!. Instead of it being 100K+250e, it is now 100K+250Zk ^^. (Do not jump all over ZK now).
Of course aNet will hopefully NERF SF and give ectoplasm it's value back, but by the way the value is going now ecto will probably hit the 3k's and if SF is nerfed... balance out at 4K. Anet does seem to be making the game a lot easier for the noob ursan SF ----s around. As posted in other threads, Anet is making the game easier for noobs as a market trick. Ruining the veteran player's experience.
Of course aNet will hopefully NERF SF and give ectoplasm it's value back, but by the way the value is going now ecto will probably hit the 3k's and if SF is nerfed... balance out at 4K. Anet does seem to be making the game a lot easier for the noob ursan SF ----s around. As posted in other threads, Anet is making the game easier for noobs as a market trick. Ruining the veteran player's experience.
Nick Of Troy
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| NEW CURRENCY(in my opinion)=The Zaishen Key!. |
You who have invested in stacks of ecto, and complained about the price drop, I have this to say: you invested in a Guild Wars equivilent of a share, and your company went bust. Boo freakin hoo.
tmakinen
Well, the issue is actually quite simple. ANet has decided to cap the inflow of directly farmable money (gold drops and merched loot) to a certain level, say 10k per hour. The way this Loot Scaling has been implemented makes it impossible to circumvent it. This also sets the standard for the monetary value of other directly farmable items. If an item is currently considered to have a worth of G gold, and the optimal farming run for that item produces in average N pieces of that item in an hour plus X amount of extra wealth from other drops, then the following happens:
If N*G + X << 10k/hour then people won't bother with farming the item and instead farm the gold and buy the items from others. The items become rare because they are not farmed and thus gain worth.
If N*G + X >> 10k/hour then people will flock to the farming run to farm the item for selling and thus gaining more money than through other means. The items become abundant and thus lose worth.
The equilibrium is achieved when N*G + X = 10k/hour, and if we solve for G and plug in rough estimates for the Chaos Planes run, the result is G = (10 - X) / N = (10 - 2*(2 - 1)) / (2*5) = 0.8k (2k of direct money per run minus entrance fee 1k, 5 ecto per run, 2 runs per hour). Looks like ecto is going the way of diamonds unless ANet intervenes.
Disclaimer: I'm not saying that it's a good or bad thing, just that it happens.
If N*G + X << 10k/hour then people won't bother with farming the item and instead farm the gold and buy the items from others. The items become rare because they are not farmed and thus gain worth.
If N*G + X >> 10k/hour then people will flock to the farming run to farm the item for selling and thus gaining more money than through other means. The items become abundant and thus lose worth.
The equilibrium is achieved when N*G + X = 10k/hour, and if we solve for G and plug in rough estimates for the Chaos Planes run, the result is G = (10 - X) / N = (10 - 2*(2 - 1)) / (2*5) = 0.8k (2k of direct money per run minus entrance fee 1k, 5 ecto per run, 2 runs per hour). Looks like ecto is going the way of diamonds unless ANet intervenes.
Disclaimer: I'm not saying that it's a good or bad thing, just that it happens.
oliverrr1989
I made a sin last week, already im farming UW like crazy. As much fun as it is making lots of ectos...it needs to be nerfed badly. I'm gonna keep mine though, because I want FoW armor and chaos gloves, and I'd rather not help screw up the economy.
Holly Herro
When the favor time runs out, Globs of Ectoplasm and Obsidian Shards will go back up in prices.
The above statement is my prediction.
The above statement is my prediction.
Bekkr
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Originally Posted by lorph
So if you had 1 million in ectos, you would lose 600,000 gold from this. Is worrying about this silly?
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12chars
Tom Swift
Sorry guys but I'm glad to see the situation as it is.
The addition of lootscaling and hard mode at the same time meant that the earlier problem (where demand outstripped supply causing the high prices ANet did not like) reversed itself. The ability to get cash dropped sharply while the supply of things like rare weapons jumped.
While this made weapon prices tank, it made it very difficult to raise cash for the few things that still cost a lot and had to be bought - such as armors/minipets etc.
It also limited wealth to a few elite farmers who had characters devoted to specific builds for farming specific areas - these few had extraordinary wealth.
Frankly, this infusion of cash into the general population is a very good thing. The decrease of wealth among the very rich as their ecto worth falls is a side benefit which, frankly, I am glad to see.
As to SF- no they will not nerf that (except in a very few areas it really isn't the "god-mode" people try to claim it is). They knew what they were doing when they did it.
They might, however, nerf the ecto drop rate of add more charged blacknesses to make that particular run less profitable and to force farmers to other area of the game (much like the nerfs to the vamps in Urgoz)
On this one, I think ANet did something right.
The addition of lootscaling and hard mode at the same time meant that the earlier problem (where demand outstripped supply causing the high prices ANet did not like) reversed itself. The ability to get cash dropped sharply while the supply of things like rare weapons jumped.
While this made weapon prices tank, it made it very difficult to raise cash for the few things that still cost a lot and had to be bought - such as armors/minipets etc.
It also limited wealth to a few elite farmers who had characters devoted to specific builds for farming specific areas - these few had extraordinary wealth.
Frankly, this infusion of cash into the general population is a very good thing. The decrease of wealth among the very rich as their ecto worth falls is a side benefit which, frankly, I am glad to see.
As to SF- no they will not nerf that (except in a very few areas it really isn't the "god-mode" people try to claim it is). They knew what they were doing when they did it.
They might, however, nerf the ecto drop rate of add more charged blacknesses to make that particular run less profitable and to force farmers to other area of the game (much like the nerfs to the vamps in Urgoz)
On this one, I think ANet did something right.
Kikuta
The number of shards being farmed has not diminished, if anything it's had a very minor increase.
What's happening is, as ecto becomes more and more affordable you're getting more people deciding to buy Obsidian armor, which of course requires ecto and shards. Now since the increase in ecto availability is not being matched by an equal increase in shard availability, the supply of shards is going to decrease overall if people are buying on the same proportion to what is being farmed as they are with ectoplasm.
tl;dr - shards are being USED more, not farmed less.
What's happening is, as ecto becomes more and more affordable you're getting more people deciding to buy Obsidian armor, which of course requires ecto and shards. Now since the increase in ecto availability is not being matched by an equal increase in shard availability, the supply of shards is going to decrease overall if people are buying on the same proportion to what is being farmed as they are with ectoplasm.
tl;dr - shards are being USED more, not farmed less.
Solas
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Originally Posted by Patsrule711
you know what happened to ecto prices a/e and ursan is what happened.
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so ursan isnt a real cause, it didnt do it any favors but it didnt have a real impact imo.
a/e is a problem tough.
ghostlyfenix
Over supply of ectos as it is being farmed like crazy, so prices fall to remove surpluses in order to achieve equilibrium.
Since ectos are droping, more people now want fow, it would mean they would need to buy shards aswell. Because shards are being farmed considerably less then ectos, there starts becomes a shortages of shards because of growing demand from the people who want fow. Thus prices of shard rise in order to remove the shortages and achieve equilibrium price.
Though, these fluctuations should ease within a month
Since ectos are droping, more people now want fow, it would mean they would need to buy shards aswell. Because shards are being farmed considerably less then ectos, there starts becomes a shortages of shards because of growing demand from the people who want fow. Thus prices of shard rise in order to remove the shortages and achieve equilibrium price.
Though, these fluctuations should ease within a month
tmakinen
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Originally Posted by Tom Swift
Frankly, this infusion of cash into the general population is a very good thing.
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Also, it's a good thing for those who don't have ecto but would want some, but it's a bad thing for those who had a lot of ecto to begin with.
lord of all tyria
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Originally Posted by tmakinen
Also, it's a good thing for those who don't have ecto but would want some, but it's a bad thing for those who had a lot of ecto to begin with.
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ALF71BE
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Originally Posted by Holly Herro
When the favor time runs out, Globs of Ectoplasm and Obsidian Shards will go back up in prices.
The above statement is my prediction. |
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Originally Posted by strcpy
I once saw them drop to 4.6k but they quickly made it back up to 5k then back the 4.8k value they have had for a number of months. I'm not sure where people are seeing this drastic drop either - I rather suspect that they think that the phrase "If you say it, Anet will believe it" is in some way a truth. Ecto hasn't dropped the way predicted yet, therfore repeat it often enough and it will be true - unfortunately Anet not only has a memory but they also have server logs. In fact it wasn't that long ago (yet before the SF update) that I saw them hit 4.5k and 4.3k.
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And people will sell them for 500-700 gold less than merchant, you know why? Because there's NO DEMAND on ectos. So is hard to sell them and the owner that has been spamming for 3 hours will sell them to the merchant. You know why there's no demand? Because 1/3 of the GW community is farming them.
Many people here also fail to realize that the player price is the current price of the ectos, not the one of the merchant. This one is only to determinate for how much you'll sell the ectos.
Yawgmoth
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Originally Posted by Holly Herro
When the favor time runs out, Globs of Ectoplasm and Obsidian Shards will go back up in prices.
The above statement is my prediction. |
When favor will hit zero in about 3 weeks (my prediction based on gathered data over last week) the favor will still be active during the high hours, favor will be still on for the most of the time during the day.
And at the hours when it will be off for a while, there are still scrolls, they are still cheap (1,300 at trader today), paying 300g more to enter UW when there are no favor won't stop the farmers.
And scrolls are common drops inside UW, any farmer with half a brain will save them and use only when there's no favor.
Oh, and EoTN rep titles don't affect favor, so don't expect a /favor going 35k again.
Snow Bunny
Hmmm....
ectos are at 4.3k
I must admit, I'm starting to think a lot of us (including myself) were wrong and prices are going to crash.
ectos are at 4.3k
I must admit, I'm starting to think a lot of us (including myself) were wrong and prices are going to crash.
garethporlest18
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Originally Posted by Snow Bunny
Hmmm....
ectos are at 4.3k I must admit, I'm starting to think a lot of us (including myself) were wrong and prices are going to crash. |
Snow Bunny
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Originally Posted by garethporlest18
They look to be at 4.5k to me. Unless you meant people sell price.
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Guess I'm not on the Lion's Arch Stock Exchange.
BUY BUY BUY
Abedeus
They are 4,5k at trader, but people buy them at 4,2k-4,4k.
Btw - way to buy scrolls, I AM GOD DAMN SURE IT WILL BE 40K MINUTES AGAIN. Hahahaha.
Btw - way to buy scrolls, I AM GOD DAMN SURE IT WILL BE 40K MINUTES AGAIN. Hahahaha.
super strokey
couldnt sell mine for more than 4.3 k 2 days ago.
garethporlest18
I thought Eye of the North rep titles didn't count for that, only Legendary Master.
Anyways I heard SF will be getting nerfed, course it's through the grapevine so don't take it as official but don't discount it totally either. Heard it from a friend who's in dV.
Anyways I heard SF will be getting nerfed, course it's through the grapevine so don't take it as official but don't discount it totally either. Heard it from a friend who's in dV.
Polgara Val
Despite the drop in Ectos, the price will go back up again when SF will be returned to normal.
Pol
Pol
beanerman_99
OMG THE SKY IS FALLING! What will I do with all my ectos? Its not fair that I hoarded them up and now they are not worth what I think they should be!! QQ Its not fair that I farmed the shit out of them and now that every Joe Blow can everyone can have ectos!! QQ My private little corner of the market has ceased to exsist! What ever shall I do?? QQ
/end sarcasm
I am sure that players would find something new to use for currency. Who was the magic person that stated at the beginning of Guild Wars " thou shalt use Ectos as thy Currency, Farm it sparingly so not everyone shall have access to them"??? Get over it. I hope they leave SF and Ursan alone.
/end sarcasm
I am sure that players would find something new to use for currency. Who was the magic person that stated at the beginning of Guild Wars " thou shalt use Ectos as thy Currency, Farm it sparingly so not everyone shall have access to them"??? Get over it. I hope they leave SF and Ursan alone.
lorph
If there wasn't a gold cap of 1000 plat in the storage, then alot less people would be QQing, and ectos would not have reached such a high price to begin with.
JONO51
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Originally Posted by lorph
If there wasn't a gold cap of 1000 plat in the storage, then alot less people would be QQing, and ectos would not have reached such a high price to begin with.
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strcpy
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Originally Posted by ALF71BE
Fun. I don't think you go to ToA much, do you? And if you go it's only to enter with your sin, amirite?
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| Because people are buying at 3.5k-4.1k. |
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| They were 5k at merchant four or so days ago. Last time I saw they were at 4.5k at merchant. |
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| Many people here also fail to realize that the player price is the current price of the ectos, not the one of the merchant. This one is only to determinate for how much you'll sell the ectos. |
Maybe not this time, maybe they will drop to 2k each - but then that isn't an economy crashing either. It's the purchasing power of the top 5% or so players loosing money and the purchasing power of 95% of the population increasing. Were I in Anet's shoes I would consider that a Good Thing, though since I'm not I would prefer them to stay higher.
gerg-nad
Wow I guess some folks have notice the price changes by response of this post. Lots of good theories and sounds like the prevelent one is one of supply and demand (not getting into specifics as they have been speculated by all the other posts).
I was wondering also if folks with wealth are starting to use it. That is, get all the things you wanted in the game, because either your interest in playing the game is diminishing or you believe the life of the game is closer to the end than the the beginning. So folks may figure, you might as well have all the things you wanted to enjoy the game (spend your money) before it comes to an end (either because you stop playing or GW2 comes out).
I suspect as soon as GW2 comes out GW1 will rapidly die, that is if GW2 takes off. I suspect that GW1 will become a ghost town and even if GW2 does not meet expectations, I still suspect folks will move on away from GW1, because GW1 will have no new content and there is plenty of competition out there.
I was wondering also if folks with wealth are starting to use it. That is, get all the things you wanted in the game, because either your interest in playing the game is diminishing or you believe the life of the game is closer to the end than the the beginning. So folks may figure, you might as well have all the things you wanted to enjoy the game (spend your money) before it comes to an end (either because you stop playing or GW2 comes out).
I suspect as soon as GW2 comes out GW1 will rapidly die, that is if GW2 takes off. I suspect that GW1 will become a ghost town and even if GW2 does not meet expectations, I still suspect folks will move on away from GW1, because GW1 will have no new content and there is plenty of competition out there.