As many know the value of armbraces is deflating and at some point they will deflate to be the same as or less then ectos due to the farms they have for them and the face everyone is getting what they want of torment items so i propose we try to figure out how to do trades that would be to much for ectos next and i belive it will be minipets
I would like to hear any and all opinions because unless new content is applied some items may become unsellable because the seller feels cheated thank you for any input
EDIT: This is not a complaining post and im being serious what will we do if armbraces become worthless and it might take as long to farm 20 armbraces as one ecto but when a while group farms braces thats 8 armbs in the time for 20 ectos
What next?
snowman relic
Lishy
If they become unsellable.. So what? Anything that isn't platinum wasn't intended to be used as money. The fact we have items that exceeds 100k is nothing more simple than a design flaw. Of course, players took it into their own hands and used ectos.
Horace Slughorn
I'm not sure what this thread is asking? If you are suggesting people use minis as ecto place holders, you are a bit late, since people have been doing that a long time.
If on the other hand, this is just complaining about current brace prices, then you may want to check some of the other threads on that topic.
If on the other hand, this is just complaining about current brace prices, then you may want to check some of the other threads on that topic.
Sin Coil
paypal is where its at.
Eluvatar
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Originally Posted by Sin Coil
paypal is where its at.
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as far as the topic I doubt that a brace will ever be as easy to get as an ecto for the pure reason that ectos can be got from the trader and braces cant. also if the price of a brace goes way down (to ectos or lower) they will not be worth the work and people will go farm something else, then as time goes on people that want braces will for weapons will pay more for them cause people dont farm them and the price will rise.. then more people will farm and price will drop again... if guild wars lasts that long before gw2 comes out that is
Luminarus
On average, an armbrace takes about the same amount of time to farm as does about 20 ectos, which is why the value is at about that. The only times this will severely fluxuate is when a new farm gets dropped such as Shadow Form did, and then also the value of ectos will drop.
Jidai
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Originally Posted by Lishy
If they become unsellable.. So what? Anything that isn't platinum wasn't intended to be used as money. The fact we have items that exceeds 100k is nothing more simple than a design flaw. Of course, players took it into their own hands and used ectos.
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The fact we have items that exceed 100k is player greed.
The economy is a player construct. Armbrace prices were bound to crash, has happened to ectos a number of times.
People have realised this and attempted to change the higher-end currency; z-keys, lockpick, gems.
The only stable item is gold. But if you want to store excess money I would suggest waiting till the Boardwalk is open and buying festival tickets, stable value and stackable.
Eluvatar
hum I would have to say that lockpicks are extremely stable, can you name a time that the price of a lock pick has gone anywhere between 1.2 and 1.25k? didnt think so, so if you want so burry your money (and not put it in the ecto market) lockpicks are the best way to do that, tickets are dumb as they take up way too much space
Lanier
Lets just get rid of the economy altogether: No more trading between players.
Lord Dagon
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Originally Posted by Lanier
Lets just get rid of the economy altogether: No more trading between players.
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but @ op: yea ppl ahve been doing that a long time.. and guess what.. its entirely based on ectos/armbraces.
i do like the lockpick suggestion.. it certainly will never rise about 1.5k and sell for less then 750g. so its preety stable.
ofc the demand for them is a nothing thing entirely....
Torpoon
With the mass of players now farming DoA(3-4 Dists per day) I can see armbraces going down to about 90kish ea in the near future. This should be sufficient to trade for anything. (1750 X 90k) People will continue to farm DoA because virtually every weapon skin is rapidly declining in value, and the quests themselves in DoA give decent money so even if all gems are only 2k ea, you come out with 25k+ after hr and a half. Things will only get cheaper as dwg pugs become more experienced.
What I don't understand is, why does the GW community continue to put their faith in unstable currencies? Mass ecto carriers have been burned so many times, and now people with stores of armbraces are going to be made a lot less rich. The clear choice, the item with substantial value that cannot directly be farmed for is Black Dye. These lower in price during special weekends when raptor farmers are in full swing but it always rebounds because you don't have people hunting these down all day. I could decide to go get an ecto, and in ten min I could have one after a smite run, you can't do that with black dye.
What I don't understand is, why does the GW community continue to put their faith in unstable currencies? Mass ecto carriers have been burned so many times, and now people with stores of armbraces are going to be made a lot less rich. The clear choice, the item with substantial value that cannot directly be farmed for is Black Dye. These lower in price during special weekends when raptor farmers are in full swing but it always rebounds because you don't have people hunting these down all day. I could decide to go get an ecto, and in ten min I could have one after a smite run, you can't do that with black dye.
Essence Snow
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Originally Posted by Torpoon
The clear choice, the item with substantial value that cannot directly be farmed for is Black Dye. These lower in price during special weekends when raptor farmers are in full swing but it always rebounds because you don't have people hunting these down all day. I could decide to go get an ecto, and in ten min I could have one after a smite run, you can't do that with black dye.
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Eluvatar
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Originally Posted by Essence Snow
Aren't Black Dyes used as currency in Pre already?...As far as I know it's one of the perqs of having a char in Pre.
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Zehnchu
Who cares they wont do jack for you in GW2, well only make people laugh at you for the HoM
Torpoon
Pre using black dye as currency shouldn't stop post from following; the amount of black dye in pre is too insignificant to cause any damage. There are a select few who have succeeded in getting a full trade screen of black dye which, if compared to some people's storage of ectos, is a very small amount.
Also, I stand by what I said about not being able to directly farm for black dye. Dye farming in pre is just about the least productive thing you could do if farming to port over to post profitwise. If farming for pre, I still wouldn't do it but some still bandit farm and mostly just to level their ele to 7 so they can start charr hunting.
Also, I stand by what I said about not being able to directly farm for black dye. Dye farming in pre is just about the least productive thing you could do if farming to port over to post profitwise. If farming for pre, I still wouldn't do it but some still bandit farm and mostly just to level their ele to 7 so they can start charr hunting.
zwei2stein
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Originally Posted by Jidai
NO!
The fact we have items that exceed 100k is player greed. |
Eluvatar
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Originally Posted by Torpoon
Pre using black dye as currency shouldn't stop post from following; the amount of black dye in pre is too insignificant to cause any damage. There are a select few who have succeeded in getting a full trade screen of black dye which, if compared to some people's storage of ectos, is a very small amount.
Also, I stand by what I said about not being able to directly farm for black dye. Dye farming in pre is just about the least productive thing you could do if farming to port over to post profitwise. If farming for pre, I still wouldn't do it but some still bandit farm and mostly just to level their ele to 7 so they can start charr hunting. |
I think what anet should do to fix the money problem (and remove the stock market) is to remove the trade limits and gold limits (make it so you can trade more then 7 items and have as much gold in your chest and on your char as you want) this would remove almost all the problems with in game econ right now. and the whole idea is dumb of having limits on the amount of money you can have, they dont have this problem in WoW because there isn't a limit on money, no place holders, no ectos, just items for gold end of story.
poppu16
My advice would be that anet implements some tokens, like for example 10k one, 25k, 100k... Then add an NPC selling and buying those tokens at FIXED price. economy fixed
Zebideedee
Stack of black dyes in Pre, says it all really (not me btw, unfortunately, I have a life)
Jidai
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Originally Posted by zwei2stein
It is not greed, it is simple fact that it is generally much easier to farm more than 100k gold than specific item.
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Originally Posted by Eluvatar
hum I would have to say that lockpicks are extremely stable, can you name a time that the price of a lock pick has gone anywhere between 1.2 and 1.25k? didnt think so, so if you want so burry your money (and not put it in the ecto market) lockpicks are the best way to do that,
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Originally Posted by Tobi Madera
i do like the lockpick suggestion.. it certainly will never rise about 1.5k and sell for less then 750g. so its preety stable.
ofc the demand for them is a nothing thing entirely.... |
That is what limits lockpicks as an alternative source of value. Once titles are done with there is little demand for lockpicks.
Base value may be 750g, but that's 50% devaluation. Ecto are the very nature of supply and demand economy. Lockpicks can never match.
Stack of lock picks= 375k000g, with a stable 1.5k price this will never change
stack of ecto(7500k)= 1875k000g, however if the latest gimmick gets nerfed, ecto can rise according to demand to over 10k= 2500k000g
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Originally Posted by Eluvatar
tickets are dumb as they take up way too much space
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I can have a storage slot with 60 slots @3k750g+100k (325k000g), and in 6mths time it will still be worth 325k000g; If Anet doesn't nerf the tickets they will still be worth that in years to come.
Clearly they are a dumb choice. I mean I've never seen ecto dive from 15k each to 6k
damkel
No one has mentioned medals of honour yet. We don't know what they are for but I think they have potential to become high-end currency in the near future.
Jidai
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Originally Posted by poppu16
My advice would be that anet implements some tokens, like for example 10k one, 25k, 100k... Then add an NPC selling and buying those tokens at FIXED price. economy fixed
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Riot Narita
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Originally Posted by damkel
No one has mentioned medals of honour yet. We don't know what they are for but I think they have potential to become high-end currency in the near future.
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Perhaps medals will be convertable via a collector, into something stackable that could become "currency"... but personally I doubt that's going to be the case either (I suspect it'll be new weapon skins or something).
Edge Igneas
The most stable item is the lockpick. Anyway I look forward to watching the economy spiral out of control further. I can't wait to see those people that invested in their ectos and armbraces scrabble like ants.
I think few people know exactly how many players are sitting atop the market with their stacks of ectos, there are a bit more then you would think.
I think few people know exactly how many players are sitting atop the market with their stacks of ectos, there are a bit more then you would think.
majoho
Anet doesn't need to fix anything, people hoarding currency in a game should have to deal with it being somewhat unsafe.
NerfHerder
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Originally Posted by poppu16
My advice would be that anet implements some tokens, like for example 10k one, 25k, 100k... Then add an NPC selling and buying those tokens at FIXED price. economy fixed
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But that might drive down the value of ectos, because people would no longer use them to trade for items over 100k. But I dont care, IMO trading ectos for items is bad business. Try going into a car dealership and using stock you have in a company to buy a car. But I could be wrong a better trading system might make ectos go up in value as it wont be a popular form of trade.
Eluvatar
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Originally Posted by Edge Igneas
I think few people know exactly how many players are sitting atop the market with their stacks of ectos, there are a bit more then you would think.
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and as far as lockpicks being the most stable source of storing money I agree, what some people dont seem to realize is that lockpicks cost 1.2k from the merchants in faction owned towns which is why people are always selling them for 1.25k to us less privileged people (or lazy ect..) and if any of you have ever done that you know its very easy to sell 100k of lockpicks (about 80 or so) and I cant say that the demand will never go away but I doubt it.
RedDog91
When an item (ecto, armbrace, etc.) is hard to get, the price goes up.
When the price goes up, people try to find ways to obtain the item in order to sell it for mass profit.
When an efficient way to get the item is found, the price of the item drops.
The End.
Hope you liked my story about how video game economy works.
When the price goes up, people try to find ways to obtain the item in order to sell it for mass profit.
When an efficient way to get the item is found, the price of the item drops.
The End.
Hope you liked my story about how video game economy works.
C4RB1N3
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Originally Posted by Sin Coil
paypal is where its at.
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