So, can someone with some economic knowledge explain why the heck people would be buying Jade/Amber NOW?
Sure, the faction to buy them increased, but the amount of faction you get also increased...
Jade/Amber Sold Out
Zinger314
A11Eur0
Because I highly doubt people are going to be gaining 5x the amount of faction in order to pay 5x the amount of faction to get the amber. Amber's going to be harder to get. It's a fact.
What they should also have done is increase the chance of getting amber chunks as drops and salvage from amber weapons.
Jadeite can be substituted where necessary as I'm currently in a kurzick guild and that's what I think about.
What they should also have done is increase the chance of getting amber chunks as drops and salvage from amber weapons.
Jadeite can be substituted where necessary as I'm currently in a kurzick guild and that's what I think about.
Jessyi
I'm not sure it increased enough to compensate. I guess others aren't either.
At any rate, I had 4 stacks saved up so by all means please inflate the price beyond reason. I could use the extra money.
At any rate, I had 4 stacks saved up so by all means please inflate the price beyond reason. I could use the extra money.
Nightow
Need jadeite to get a hold of one of those Jadeite Summoning Stones.
They summon a Luxon Turtle for epic pew pew pew'ing. :3
Gonna have to get a hold of a few for some Jade Sea Vanq.'ing this weekend.
They summon a Luxon Turtle for epic pew pew pew'ing. :3
Gonna have to get a hold of a few for some Jade Sea Vanq.'ing this weekend.
turbo234
the summoning stones in the deep and urgoz require jade/amber respectively. with them just being released people are curious at how they look and think theyre cool and want to craft them. that would be my guess and it sounds very reasonable.
Nightow
Quote:
|
Originally Posted by turbo234
the summoning stones in the deep and urgoz require jade/amber respectively. with them just being released people are curious at how they look and think theyre cool and want to craft them. that would be my guess and it sounds very reasonable.
|
A11Eur0
Nah, it takes more than a few jade/amber per person to sell out the crafter. People hoarded because of the increase in faction required to buy. I was about to do that but wasn't sure of the price once it comes back, and didnt want to drop coin on something so stupid. I'll just farm amber when I need more kurzick armor.
Luminarus
Because people think in the short run... crap for now I cant get as much faction as I used to, therefore price will go up so must stock up. When there are 1/2 a million idiots like this supply goes poof, and demand goes hi, so trader runs out. Give it a month and everyone will sell it back feeling like a tard for wasting their money.
Darkobra
Easy money for the packrats. Besides, I doubt prices will go up. You get 1000 faction for losing in Fort Aspenwood on Luxon side, plus the faction you get for killing during that time. It's so much easier to get faction now that the jade will still be pouring in.
Kook~NBK~
I just finished an Urzog's run and there was a bunch of amber dropping there. I got 3 from drops & 2 from the end chest. I think the hoarders might end up disappointed if the dorp rate for it has increased in other areas.
Shadowmoon
Did anyone care to think that Anet just remove the stackpile to maybe increase the value of them? It funny they magically sold out right after the update.
lord_shar
I just sold a jaedite stack to a merchant for 25k. It's not like there will be a shortage any time soon lol...
Shadowmere
Quote:
|
Originally Posted by Shadowmoon
Did anyone care to think that Anet just remove the stackpile to maybe increase the value of them? It funny they magically sold out right after the update.
|
Windf0rce
So Jade/Amber now cost 5k, does anyone if they count doubled faction towards the title now, or not?
Shasgaliel
so they are harder to get now and they have more uses - that is the perfect reason for inflation. I do not think adding them to end chests in Urgoz/Deep will increase their influx on the market.
Yawgmoth
Anet did the right thing but 2 years too late. Amber and Jade should have costed more from the beginning (at least 2k faction). This move was well thought of and shows they sometimes care about the game economy. I was pleasantly surprised.
And people... People always go crazy, minor game changes have caused panic on the market many many times. Remember when some changes to UW or farming happened, ectos always had a short high spike from 8k to 14k+ then it went back after mere hours.
This time people went crazy with amber/jade but not only that...
...they also sold a lot of Ectos to trader! When people were buying amber/jade I was buying Ectos at 3,600ea from trader
But what surprised me more was that *Monstrous Eyes* sold out,
For all those years they were sold to trader, had no real use for people to buy them, and now disappeared as fast as amber.
This suggests the trader has a max capability and selling him more doesn't increase it past that point. Can anybody estimate how many EyEs were bought that day??
Oh, and anybody remembers Eyes spiking up to 4k just before Factions release? That was lulz.
And people... People always go crazy, minor game changes have caused panic on the market many many times. Remember when some changes to UW or farming happened, ectos always had a short high spike from 8k to 14k+ then it went back after mere hours.
This time people went crazy with amber/jade but not only that...
...they also sold a lot of Ectos to trader! When people were buying amber/jade I was buying Ectos at 3,600ea from trader
But what surprised me more was that *Monstrous Eyes* sold out,
For all those years they were sold to trader, had no real use for people to buy them, and now disappeared as fast as amber.
This suggests the trader has a max capability and selling him more doesn't increase it past that point. Can anybody estimate how many EyEs were bought that day??
Oh, and anybody remembers Eyes spiking up to 4k just before Factions release? That was lulz.
Shasgaliel
Quote:
|
Originally Posted by Yawgmoth
But what surprised me more was that *Monstrous Eyes* sold out, For all those years they were sold to trader, had no real use for people to buy them, and now disappeared as fast as amber. This suggests the trader has a max capability and selling him more doesn't increase it past that point. Can anybody estimate how many EyEs were bought that day?? Oh, and anybody remembers Eyes spiking up to 4k just before Factions release? That was lulz. |
EDIT: I have also suspicion that it is very easy to manipulate the prices. The prices might be different for different players as well (I saw a small differences a few times but I am not sure why it is like this, maybe lag issues)
Regarding the price estimate: The price at the beginning increases by 10 then by 100. Unfortunately I do not know the amounts needed for every increase. They may even be different on each step. I would risk to say that every 100 units will move the price by 10 or 100 depending on its initial level. However I might be totally wrong here. I would need to have a deeper look at the prices and play a bit with selling, buying large amounts.
Carboplatin
Amber drop like flies in Urgoz now.
Did a HM run and walked out with 8 ambers last night.
Did a HM run and walked out with 8 ambers last night.
Riot Narita
Been checking out the new Summoning Stones... and needed some Amber for the one from the Urgoz outpost... and found that the price had already crashed (if indeed it had gone up to several K's, I didn't see that). I bought some for a little over 300each.
Monstrous Eyes are needed for the Summoning Stones from the Deep outpost (Turtle!) and from EotN outpost (Chitinous). I guess that's why they're sold out. I guess I'll have to wait to try those ones.
Monstrous Eyes are needed for the Summoning Stones from the Deep outpost (Turtle!) and from EotN outpost (Chitinous). I guess that's why they're sold out. I guess I'll have to wait to try those ones.
Evil Neato
Ah, what a bad time to have made a new Warrior and want a new 15k kurz set. Fun fun fun.
Quaker
Quote:
|
Originally Posted by Zinger314
So, can someone with some economic knowledge explain why the heck people would be buying Jade/Amber NOW?.
|
I would assume that a lot of people were doing the same. Amber & Jadeite may be sold out at the trader, but there's lots of it around for sale.
Evil Neato
I never get amber/jade from the allegiance guys, I was pretty upset that I had like 30k of each and had to lose an entire 30k of one allegiance's faction simply because the other was a little higher and the NPC's called me scum and told me to get away...
30k... So much allegiance faction to lose just like that... They should have let us re-do the missions for the "first-time" faction bonus. The way it was done is simply horrible.
30k... So much allegiance faction to lose just like that... They should have let us re-do the missions for the "first-time" faction bonus. The way it was done is simply horrible.
Nightow
Just found out that the summoned turtles have their Siege Attack skill. It only does 80 aoe dmg but it's still alright. It has the firing range of a flatbow and sens like it would last it's full duration pretty easily.
![[DE]](/static/static/../Img/avatar38220_14.gif){kind=avatar}
[DE]
Quote:
|
Originally Posted by Evil Neato
Ah, what a bad time to have made a new Warrior and want a new 15k kurz set. Fun fun fun.
|
Flossie
Quote:
|
Originally Posted by Evil Neato
I never get amber/jade from the allegiance guys, I was pretty upset that I had like 30k of each and had to lose an entire 30k of one allegiance's faction simply because the other was a little higher and the NPC's called me scum and told me to get away...
30k... So much allegiance faction to lose just like that... They should have let us re-do the missions for the "first-time" faction bonus. The way it was done is simply horrible. |
nkuvu
Quote:
|
Originally Posted by Windf0rce
So Jade/Amber now cost 5k, does anyone if they count doubled faction towards the title now, or not?
|
meecham
Another reason is a lot of people like me that switched guilds and faction allegiances had already started working on one side or the other. Since we can't turn in the faction we want within our own guild, next easiest way to continue working on the faction line we already have points in is to trade it for jade or amber.
Shadowmere
Quote:
|
Originally Posted by Evil Neato
Ah, what a bad time to have made a new Warrior and want a new 15k kurz set. Fun fun fun.
|
I think it's a bit silly that the jade/amber is now more expensive AND there's new sinks for it. Great way to screw over those who wanted luxon/kurz armor (even the non-elite versions are gonna be pricey as heck).
Traveller
The jade shortage screwed my armor purchasing plans. No one seems to be selling jade or amber. 5000 faction a pop seems kinda steep as well.
Hyper Cutter
Good thing I bought my monk her 15k Luxon on Wednesday (and the jade for it long before that)...
HawkofStorms
The stuff still hasn't really increased in value by 5 times. Amber is still going for only ~300g buying at the merchant (when he's not sold out).
It will actually earn you MORE money now buy just buying 5 passage scrolls for 1k faction(worth 100g each) and merchanting them then buying 1 amber or 1 jade for 5k faction. Despite a short term spike, amber and jade are NOT going to increase in price over the long term.
It will actually earn you MORE money now buy just buying 5 passage scrolls for 1k faction(worth 100g each) and merchanting them then buying 1 amber or 1 jade for 5k faction. Despite a short term spike, amber and jade are NOT going to increase in price over the long term.
Grunntar
Quote:
|
Originally Posted by Shadowmere
I think it's a bit silly that the jade/amber is now more expensive AND there's new sinks for it.
|
Technically, I think that it's called a "market economy." Supply, demand, and that whole thing...
Nessar
There goes my plans for 1k kurz >> Owell, might as well a few weeks till amber is back in market >>
Gah damn amber costing 5k kurz faction ><
Gah damn amber costing 5k kurz faction ><
Yawgmoth
The traders FAIL miserably at properely adjusting the price to supply and demand.
If the trader keeps getting bought out he should increase the price more, to the point of balance between supply and demand. The prices will be properely balanced at trader if the same state will remain for a few WEEKS, then we will see it balanced. Now the price is clearly too low - the trader remains completely bought out (or has 1-3 pieces to be bought in next 10 seconds).
It was always a problem when traders got bought out of an item. Street prices were getting much higher than the trader was selling for when bought out. Just think of the fairly recent example of Superior Shadow Arts runes - when imba solo UW farm got most popular trader was sold out of those runes and when he had one it was waay below market price. It took him at least a week to rise his price to the level where he was able to maintain some in stock but still the price was too low about 4k then... it kept slowly rising up to where it stopped and remains today = balanced at 7k.
I expect to see Ambers/Jadeites get to 450-500g range in 2 weeks time.
If the trader keeps getting bought out he should increase the price more, to the point of balance between supply and demand. The prices will be properely balanced at trader if the same state will remain for a few WEEKS, then we will see it balanced. Now the price is clearly too low - the trader remains completely bought out (or has 1-3 pieces to be bought in next 10 seconds).
It was always a problem when traders got bought out of an item. Street prices were getting much higher than the trader was selling for when bought out. Just think of the fairly recent example of Superior Shadow Arts runes - when imba solo UW farm got most popular trader was sold out of those runes and when he had one it was waay below market price. It took him at least a week to rise his price to the level where he was able to maintain some in stock but still the price was too low about 4k then... it kept slowly rising up to where it stopped and remains today = balanced at 7k.
I expect to see Ambers/Jadeites get to 450-500g range in 2 weeks time.
HawkofStorms
Quote:
|
Originally Posted by Yawgmoth
The traders FAIL miserably at properely adjusting the price to supply and demand.
If the trader keeps getting bought out he should increase the price more, to the point of balance between supply and demand. The prices will be properely balanced at trader if the same state will remain for a few WEEKS, then we will see it balanced. Now the price is clearly too low - the trader remains completely bought out (or has 1-3 pieces to be bought in next 10 seconds). It was always a problem when traders got bought out of an item. Street prices were getting much higher than the trader was selling for when bought out. Just think of the fairly recent example of Superior Shadow Arts runes - when imba solo UW farm got most popular trader was sold out of those runes and when he had one it was waay below market price. It took him at least a week to rise his price to the level where he was able to maintain some in stock but still the price was too low about 4k then... it kept slowly rising up to where it stopped and remains today = balanced at 7k. I expect to see Ambers/Jadeites get to 450-500g range in 2 weeks time. |
Lyynyyrd
Quote:
|
Originally Posted by Zinger314
So, can someone with some economic knowledge explain why the heck people would be buying Jade/Amber NOW?
Sure, the faction to buy them increased, but the amount of faction you get also increased... |
Cause for the first time in a lllllllllooooooonggggggggggg while the demand for these items has increased.
ockwell
Set aside factors such as how much ppl will like the new summoned siege turtles or juggernauts.
The passage scrolls to urgoz/deep cost 100 gold each at merch guaranteed, 1k factions each to redeem. So by redeeming 5k factions for amber/jadeite, you missed out an "opportunity" to earn a guaranteed 500 gold.
From economic perspective, nobody is going to spend 5k factions for amber/jade, then sell it for less than 500 gold. Because 500 gold is guaranteed from scrolls.
And if you want amber or jade, and it costs you less than 500 gold at trader (assuming available stock), you're not gonna redeem either. You would rather get 500 gold and buy amber/jade from trader at 360 gold for example.
So while they are still priced at below 500'ish, nobody is "supplying", all the ambers and jades coming into the system are gonna come from drops. Sure drops are plenty in urgoz and the deep, but it will never beat redeemed factions from HFFF/AB etc.
On the other hand, ppl are buying all they can from trader, until the price hits 500'ish.
The passage scrolls to urgoz/deep cost 100 gold each at merch guaranteed, 1k factions each to redeem. So by redeeming 5k factions for amber/jadeite, you missed out an "opportunity" to earn a guaranteed 500 gold.
From economic perspective, nobody is going to spend 5k factions for amber/jade, then sell it for less than 500 gold. Because 500 gold is guaranteed from scrolls.
And if you want amber or jade, and it costs you less than 500 gold at trader (assuming available stock), you're not gonna redeem either. You would rather get 500 gold and buy amber/jade from trader at 360 gold for example.
So while they are still priced at below 500'ish, nobody is "supplying", all the ambers and jades coming into the system are gonna come from drops. Sure drops are plenty in urgoz and the deep, but it will never beat redeemed factions from HFFF/AB etc.
On the other hand, ppl are buying all they can from trader, until the price hits 500'ish.
Zinger314
Quote:
|
Originally Posted by Lyynyyrd
Cause for the first time in a lllllllllooooooonggggggggggg while the demand for these items has increased.
|
Lyynyyrd
Quote:
|
Originally Posted by Zinger314
Um. No. Demand hasn't changed at all: The same number of people will want Kurzick/Luxon armor as before.
|
Demand for Jade/Amber for Lux/Kurz armor stays the same, demand for Jade/Amber for Summoning Stones increases, Demand for armor + Demand for Summing Stones > Demand for Armor.
HawkofStorms
Quote:
|
Originally Posted by Lyynyyrd
And many people will also be interested in the Summoning Stones which now are the only other item to require the materials.
Demand for Jade/Amber for Lux/Kurz armor stays the same, demand for Jade/Amber for Summoning Stones increases, Demand for armor + Demand for Summing Stones > Demand for Armor. |
b) The "supply" that exists only counts the stuff that was sold to the merchant. People who have hoarded hundreds of amber or jade through years of playing aren't taken into affect by the traders. This "hidden supply" are enough to counterbalance the slight increase in demand to keep prices from jumping too much.