Payment in ectos

Zguba

Ascalonian Squire

Join Date: Apr 2009

Ty for answers.

Dzjudz

Dzjudz

Furnace Stoker

Join Date: Jun 2005

gwpvx.com/user:dzjudz

Logic in Guild Wars is not always present.

Saph

Saph

Lion's Arch Merchant

Join Date: Feb 2009

R/

People are greedy, especially for virtual gold.

x sithis x

x sithis x

Frost Gate Guardian

Join Date: Jun 2009

[Pro]

N/

power traders are like ehhh hmmm ima get ectos at 4.4k & sell at 8k thats almost 50% profit ... WOOOO

Turk The Legendary

Turk The Legendary

Wilds Pathfinder

Join Date: Sep 2009

Fissure of Woe

Club of A Thousand Pandas [LOD???]

W/

the price of ectos has never changed how many ectos an item goes for

Zead

Frost Gate Guardian

Join Date: Dec 2008

R/

items usually have a set price in ectos...
its like in real life. even if the currency loses value, most of the stuff still has the same price

drkn

drkn

Forge Runner

Join Date: Jan 2009

Wroc??aw, Poland

Midnight Mayhem

Me/

and because the ectos raise is caused by both speculation and inflation

Zguba

Ascalonian Squire

Join Date: Apr 2009

ty for replies

Braxton619

Braxton619

Desert Nomad

Join Date: Jul 2008

A/W

1. People are stupid. They have never heard of math before.
2. People are greedy about their fake money.

stanzhao

stanzhao

Frost Gate Guardian

Join Date: Mar 2008

Quote:
Originally Posted by x sithis x View Post
power traders are like ehhh hmmm ima get ectos at 4.4k & sell at 8k thats almost 50% profit ... WOOOO
math is also not present :P

Fanita

Fanita

Lion's Arch Merchant

Join Date: May 2008

W/P

Quote:
Originally Posted by x sithis x View Post
power traders are like ehhh hmmm ima get ectos at 4.4k & sell at 8k thats almost 50% profit ... WOOOO
I think you mean close to 100% profit?

Zebideedee

Zebideedee

Jungle Guide

Join Date: Sep 2007

55?? 57' 0" N / 3?? 12' 0" W

N/Me

Probably because most people with lots of ecto's can only count up to 8, math simply boggles there wasted braincells. When their parents say I'm off to work they prolly wonder what build they're running!

Quaker

Quaker

Hell's Protector

Join Date: Aug 2005

Canada

Brothers Disgruntled

Because people will charge what people will pay.

Yasmine

Yasmine

Wilds Pathfinder

Join Date: Nov 2007

The Lost Souls Of Jugdement [KJCD]

Quote:
Originally Posted by Zead View Post
items usually have a set price in ectos...
its like in real life. even if the currency loses value, most of the stuff still has the same price
This doesn't fully make sense for such things as ambraces as they have an ecto value (which I heard stayed pretty much the same with the ecto raise) but also the monetary one, as pple use money to buy gems and an ambrace requires a fixed number of gemsets (and the price of gems didn't raise with ectos).

drkn

drkn

Forge Runner

Join Date: Jan 2009

Wroc??aw, Poland

Midnight Mayhem

Me/

...and armbraces actually dropped from ~48e to as low as even 39e.

Yasmine

Yasmine

Wilds Pathfinder

Join Date: Nov 2007

The Lost Souls Of Jugdement [KJCD]

Quote:
Originally Posted by drkn View Post
...and armbraces actually dropped from ~48e to as low as even 39e.
Uhm, I saw some armbraces for around 45-46e august when ectos were around 4.4k, now ectos are around 7k (at least saw some pple buy and sell at similar price today in kamadan), so armbraces should have dropped to around 30e (maybe there is another reason for the raise though, I confess I'm not much in trading).

Yawgmoth

Yawgmoth

Furnace Stoker

Join Date: Apr 2005

Please note that gold itself is becoming less and less of a real currency and ectos simply replace it as a currency in player-player transactions. Plenty of high-end traders in game and here on guru don't accept gold at all, only ectos.
GW Gold is going the way of Diablo2 gold, although still far far away from it, and the reasons are simple - the gold caps of 100k/char 1000k/chest are very very low (a whole account can hold not really more than mere 1 stack of ectos worth of gold) and and even if you manage to store millions of gold, you can't easily spend it (100k trade cap) and there's nothing in the game that requires spending a large sum of gold (like a couple hundred plat), that can't be bought from other players if you pay in ectos.
That's why prices of items usually traded in ectos only don't adjust or adjust very slowly to changing gold value of an ecto glob.
Armbrace of Truth is an exception because it's made from Gems/Gemsets which are still traded in gold primarily.

impulsion

Wilds Pathfinder

Join Date: Sep 2008

Terra Noise [Zraw]

N/A

Quote:
Originally Posted by Yasmine View Post
Uhm, I saw some armbraces for around 45-46e august when ectos were around 4.4k, now ectos are around 7k (at least saw some pple buy and sell at similar price today in kamadan), so armbraces should have dropped to around 30e (maybe there is another reason for the raise though, I confess I'm not much in trading).
Gemset prices rose from ~15k to ~20k, armbrace price dropped from ~50e to ~40e

Yasmine

Yasmine

Wilds Pathfinder

Join Date: Nov 2007

The Lost Souls Of Jugdement [KJCD]

Quote:
Originally Posted by impulsion View Post
Gemset prices rose from ~15k to ~20k, armbrace price dropped from ~50e to ~40e
Ah, i see, that make sense.

imnotyourmother

Desert Nomad

Join Date: Mar 2008

in a house

The Knitters Guild

W/R

there is one way to solve all of this.

TRADE IN LOCKPICKS.

Because the Lock Picks are a FIXED price of 1500 at the trader and 1250 from other players and 1200 from towns in faction the price of something will only varry by 50 gold per lockpick.

So, if and armbrace was 44e when the cost was 4.4K/e then the price is 193,600g or 155 lockpicks.

Because the ectos are now 15/100K or 6,666g each then the cost of the armbrace has increased by 33% from 194K to almost 300K.

that is a substantial gain for those who have ectos and a major hit to those that were not buying all the ectos they could at 24/100K like I was doing.

So if people were to pay in Lockpicks at the set price of 200K for the Armbrace then the number of keys needed would be a FIXED amount cause you can BUY them from the people that OWN towns.

so you would need 160 lockpicks 1 year ago and the same 160 lockpicks now


Once Shadow Form and Ray of Jug get nurfed I think that you might see ectos go for 10-12 for 100K