What happened to Ecto and Shard Prices

Hyper Cutter

Hyper Cutter

Desert Nomad

Join Date: Jun 2006

Knights of the White Eye [HINA]

Quote:
Originally Posted by lorph
Now that ectos are as easy to farm as shards, they will drop to that price (about 2-3k) unless anet does something.
Why should they do something? Ectos are reaching the price they should have been at all along (instead of the inflated price caused by their use as super-currency)...

Lord High Pwner

Lord High Pwner

Lion's Arch Merchant

Join Date: Dec 2005

Arizona

KGOA Knights of GOA

D/

ok about 5 minutes ago i went to the rare mat trader and she was selling ecto for 4.5k and buying them for 4.6k. I thought my eye where deceiving me so i had my son get on and check again same thing. I went back to the trader and ectos where suddenly 6.5k at trader how does it jump 2k in 1 minute? is Anet messing with something in econmy?




*ok just went and checked now they are 6k lol

Toxage

Krytan Explorer

Join Date: Nov 2005

I wouldn't be surprised if Arena Net did change the value after all the whining that has taken place on these forums.

Just checked rare trader selling ectos at 6k.

Inger

Lion's Arch Merchant

Join Date: Apr 2007

R/Rt

I can also verify that this is accurate, just went and checked

Trader buys for 4.4k and sells for 6k

samifly

samifly

Wilds Pathfinder

Join Date: Dec 2005

Girl Power [GP]

Mo/Me

Might be a glitch or something kicking in so there isn't a massive drop in prices

Brianna

Brianna

Insane & Inhumane

Join Date: Feb 2006

Well, Ecto is 6k at the merchant right now, hmm.. now isn't that odd..

(Insert conspiracy theory here).

VladDrakken

Frost Gate Guardian

Join Date: Sep 2006

Drakken Death Dealers

N/W

Ectos are 6k at trader. What gives? Price fix? Any news?

Lord High Pwner

Lord High Pwner

Lion's Arch Merchant

Join Date: Dec 2005

Arizona

KGOA Knights of GOA

D/

^^ kind of what im thinking though watching the price the trader is buying for its gone down twice now in 10 minutes so someone is dumping alot of ectos to the trader fast to lower that price so quick

MrSlayer

MrSlayer

Jungle Guide

Join Date: Apr 2006

United Kingdom

Quit Whining And [PLAY]

Mo/

Instead of nerfing the SF farms, just lock the trader's sell price. It'll create a locked ecto selling price, problem solved.

Lets hope that's what they did..

ALF71BE

ALF71BE

Jungle Guide

Join Date: Jan 2008

In your fridge, stealing your pickles. for mah subway

R/

There were so many in the market that the material trader went crazy!

Or some haxxor came with his 100 million duped gold and bought that many ectos.

Doesn't matters, sell now!

I MP I

I MP I

Hustler

Join Date: Nov 2006

in between GW2 servers

Mo/

Well, either Anet stepped in, or someone (possibly more than one person) with way too much gold went shopping for ectos at the trader. Start the conspiracy theories! gogogo

Spazzer

Spazzer

Jungle Guide

Join Date: May 2006

USA

Team Asshat [Hat]

Mo/E

Pricefixing ftw!

When you get more money selling something that's supposed to be worth less, that's bank.


[edit] Ah, trader is still buying for the low price. Now that's not fair. :[

Maximumraver

Maximumraver

Krytan Explorer

Join Date: Sep 2006

The Netherlands

Twisted Revenge [TR]

E/

I seriously doubt that Anet did anything about the price, just some players went on a massive shopping spree, or it's a bug.

Maximumraver

Maximumraver

Krytan Explorer

Join Date: Sep 2006

The Netherlands

Twisted Revenge [TR]

E/

Quote:
Originally Posted by Brianna
(Insert conspiracy theory here).
That made me lol a bit...
qft.

Engage

Engage

Indeed

Join Date: Sep 2007

@ 5.5 currently

manitoba1073

manitoba1073

Desert Nomad

Join Date: Jan 2006

ManitobaShipyards Refit and Repair Station

(SFC)Star Fleet Command,(TDE)The Daggerfall elite,(SOoM)Secret order of Magi

Did you guys get a exit and reload message. Nope so Anet did not and couldnt update the mats trader prices.

Lord High Pwner

Lord High Pwner

Lion's Arch Merchant

Join Date: Dec 2005

Arizona

KGOA Knights of GOA

D/

Im not saying conspiracy, but ectos even bought in large amounts will rise and fall incrementally not jump 2k in a matter of minutes.

And upon checking again trader is now buying ectos 4k and selling 6k still so in a matter of 30 mins we've seen the price jump 2k drop 500g and the trader buying value has dropped 600 gold. I just havnt seen this much activity in ecto price in awhile


ok so a few minutes after i type this they drop 5.5.

Mr. Undisclosed

Mr. Undisclosed

I phail

Join Date: Mar 2007

Phailville

D/

Some guy came into ToA about a minute ago and said he sold a stack of ectos to the trader and laughed about it. Ectos are back down to 5.5k again.

evenfall

Lion's Arch Merchant

Join Date: May 2005

Quote:
Originally Posted by manitoba1073
Did you guys get a exit and reload message. Nope so Anet did not and couldnt update the mats trader prices.
Some stuff are server-side only and there is no need for a new build. Example will be all those weekend events where they can double rep pt/fame/drops etc without any update.

Mr. Undisclosed

Mr. Undisclosed

I phail

Join Date: Mar 2007

Phailville

D/

Quote:
Originally Posted by manitoba1073
Did you guys get a exit and reload message. Nope so Anet did not and couldnt update the mats trader prices.
Fail less please, they can update certain things without making you exit and reload the client.

lorph

Academy Page

Join Date: Oct 2005

I am willing to bet anet artificially raised the price of ectos.

Spazzer

Spazzer

Jungle Guide

Join Date: May 2006

USA

Team Asshat [Hat]

Mo/E

"Anet I have all of my money in thousands of ectos! Keep the prices up or I'll quit!"

Dark Paladin X

Dark Paladin X

Krytan Explorer

Join Date: Apr 2007

A/

Quote:
Originally Posted by Spazzer
"Anet I have all of my money in thousands of ectos! Keep the prices up or I'll quit!"
keeping the prices up will encourage people to sell, but will DISCOURAGE people to buy. Ever see the recent gas pump prices, this make more people less willing to drive. It's plan economics, people want prices low.

lorph

Academy Page

Join Date: Oct 2005

Quote:
Originally Posted by Dark Paladin X
keeping the prices up will encourage people to sell, but will DISCOURAGE people to buy. Ever see the recent gas pump prices, this make more people less willing to drive. It's plan economics, people want prices low.
thats a flawed analogy, because normal people don't have the ability to farm oil, unlike in guildwars where almost everyone can farm ectos.

Yichi

Yichi

Furnace Stoker

Join Date: Sep 2005

Guild Hall, Vent, Guesting, PvE, or the occasional HA match...

Dark Alley [dR]

What happened to ecto's and shards...

Answer = PvE happened to them.

Dark Paladin X

Dark Paladin X

Krytan Explorer

Join Date: Apr 2007

A/

Quote:
Originally Posted by lorph
thats a flawed analogy, because normal people don't have the ability to farm oil, unlike in guildwars where almost everyone can farm ectos.
well obviously you can't farm oil because it's a non-renewable resource. the reason why I mentioned this is because oil is getting harder and harder to find and availability gets less and less. In the situation here, players should encourage keeping prices low so it gives more incentive to buy. But the prices is determined by basis of supply and demand. Here, the supply of ectos is med-high, but demand is high, which leads ectos to cost less, but not to the extent of ectos being worthless. Similarly, shards are less in supply because it is harder to get, but demand is high, thus the prices of shards slightly increase.

ALF71BE

ALF71BE

Jungle Guide

Join Date: Jan 2008

In your fridge, stealing your pickles. for mah subway

R/

Quote:
Originally Posted by Dark Paladin X
the supply of ectos is med-high, but demand is high, which leads ectos to cost less, but not to the extent of ectos being worthless. Similarly, shards are less in supply because it is harder to get, but demand is high, thus the prices of shards slightly increase.
The ecto supply is incredible high, the demand is near to non-existent. The demand is so low, that people give up selling their ectos after being sitting there doing nothing for 3 hours and sell them to the material traders, thus lowering the price both from the material trader and from the player market.

It's not the other way around which you talk about.

And there's no incentive in buying ectos as you can only make a sin and in 6 hours or less you'll be getting 10 an hour.

Golgotha

Golgotha

Krytan Explorer

Join Date: May 2005

Rt/

Quote:
Originally Posted by Dark Paladin X
But the prices is determined by basis of supply and demand. Here, the supply of ectos is med-high, but demand is high, which leads ectos to cost less, but not to the extent of ectos being worthless.
You really need to rethink supply and demand. The more lopsided the demand is compared to the supply, the more it'll cost. And in this case, there is no demand. If you can find demand, you can sell my ectos for 20% of whatever price you can get.

StormDragonZ

StormDragonZ

Desert Nomad

Join Date: Jan 2008

New York

W/R

Quote:
Originally Posted by ALF71BE
the demand is near to non-existent.
That, as much as I don't want to admit it, is quite true. Demand for Ectoplasm is necessary, most likely, for those who choose not to farm them.

Dark Paladin X

Dark Paladin X

Krytan Explorer

Join Date: Apr 2007

A/

one of the main reasons that ectos are used as currency as compared to anguish gemstones because ectos is accessable to everyone (as in Core) while anguish gemstones are exclusive to Nightfall.

Fay Vert

Desert Nomad

Join Date: Apr 2006

R/

Quote:
Originally Posted by manitoba1073
Did you guys get a exit and reload message. Nope so Anet did not and couldnt update the mats trader prices.
I have also never seen a message saying

"A player has bought something at a trader, please log out to see the updated prices"

manitoba1073

manitoba1073

Desert Nomad

Join Date: Jan 2006

ManitobaShipyards Refit and Repair Station

(SFC)Star Fleet Command,(TDE)The Daggerfall elite,(SOoM)Secret order of Magi

players buying from the traders is different from Anet fixing the prices of the traders. Which would take an update. But go ahead and believe what you want. It was the frog and gaile they robbed other players and used it buy ectos.

Golgotha

Golgotha

Krytan Explorer

Join Date: May 2005

Rt/

I honestly don't care why the price is as high at the trader because its not as if you can actually sell the ectos at anywhere near that price at the moment. People know theres low demand so they'd be insane to offer near trader prices full well knowing the real market value is significantly diminished. Personally, I'm stacking up on the ectos I have in a chance of the SF nerf.

lorph

Academy Page

Join Date: Oct 2005

Quote:
Originally Posted by Dark Paladin X
well obviously you can't farm oil because it's a non-renewable resource. the reason why I mentioned this is because oil is getting harder and harder to find and availability gets less and less. In the situation here, players should encourage keeping prices low so it gives more incentive to buy. But the prices is determined by basis of supply and demand. Here, the supply of ectos is med-high, but demand is high, which leads ectos to cost less, but not to the extent of ectos being worthless. Similarly, shards are less in supply because it is harder to get, but demand is high, thus the prices of shards slightly increase.
I think you are very confused desperately trying to stop the a/e nerf. Why did you use this analogy of oil in the first place, if now you are arguing it doesn't apply?

Your argument makes no sense except wanting ectos to cost less for your own benefit.

You also don't understand supply and demand. You said demand is high while supply is only med-high, this means ectos should cost more not less like you just said. And if shards were so hard to get, why do they cost half as much as an ecto still?

So to summarize this, you are arguing against your previous post, and not even backing yourself up with valid proof.



On a sidenote, it looks like ectos are going back down after anet raised them to 6k. They are currently at 4.7k each. Quite a drop within a day. I think anet should say if they are fixing the prices, which I am quite confident they did yesterday.

Masseur

Wilds Pathfinder

Join Date: Dec 2005

Southern California

R/Mo

ectos have been between 4.5K and 6K for a year now, yeah, they actually hit 4.3K as well recently. But with the points weekend, less are farming UW for the moment, so prices stabilized and even went back to 4.5K/4.7K. After the weekend they will be farm harder again, but soon we lose favor. So not as many will be going into UW, so it might keep semi-stable al little longer, even if Anet does nothing to the skill or the area.

Dallcingi

Dallcingi

Desert Nomad

Join Date: Nov 2006

USA

The Black Parades [死人死]

Mo/

Quote:
Originally Posted by Masseur
but soon we lose favor. .
Not so soon, this weekend many many people will get their max reputations...

Nightow

Nightow

Forge Runner

Join Date: Feb 2006

Kindred Order of Souls [KOS]

Quote:
Originally Posted by Dallcingi
Not so soon, this weekend many many people will get their max reputations...
The 4 main GWEN titles don't count, only Legendary Master of the North does.

Mourne

Mourne

Wilds Pathfinder

Join Date: Aug 2006

North Carolina, US

The Arctic Marauders [TAM]

W/

Quote:
Originally Posted by Dallcingi
Not so soon, this weekend many many people will get their max reputations...
Which doesn't count towards favor. Only the 999th time someone has had to say it.

Holly Herro

Holly Herro

Jungle Guide

Join Date: Dec 2005

Kangaroo-land.

Blades of the Dingo [AUST]

Quote:
Originally Posted by Legendary Shiz
FoW can't be solo'ed as easily, and the clears take longer.

UW can not only be cleared in half the time of FoW if it's a good group, but it can be solo'ed more easily.
So in theory, shards should be more expensive than ectos...?

Jesses Paradigm

Jesses Paradigm

Ascalonian Squire

Join Date: Jul 2007

Mo/N

i remember the good 'ol days where ectos were 100k