What's Up with ECTO Price Plunge?

JiggyFly

JiggyFly

Lion's Arch Merchant

Join Date: Jan 2006

So-Cal

Forsaken Wanderers [FW]

Mo/

I saw an interview with Gaile Gray awhile back. A question about farming was raised and why Anet seemed to be taking a negative stance on it, the response was based on their information only about 10% of the population on Guild Wars had over 25k, and only 25% had over 10k, etc..

Now undoubtably this has changed in recent months, but really even if the price drops Fissure Armor isn't going be as common as Gladiator...I mean even though the price of fissure is steadily declining I don't know that there's "alot" more people that will be able to buy it. More likely than not the reason for the price drop could possibly be that the people who once hoarded the ectos already have their fissure armor, and just hold onto the ectos they have, so the demand has decreased thus making it a buyers market.

Ellington

Ellington

Frost Gate Guardian

Join Date: Jul 2005

South Carolina

Sons of Zeus [ZEUS]

I think the price drop is due to two things: ecto drops in the Tombs and speculation about a decrease in price with the release of Chapter 2. The impact of both will decrease in the short-term I think, as people stop farming Tombs so much and Chapter 2 is on their minds less.

As soon as another event occurs, I expect it to drop again though.

temp

temp

Lion's Arch Merchant

Join Date: Nov 2005

my bedroom

Band Of Death UK

I <3 cheap ecto.

I too remember the days of old when FoW armour was for the skilled players, and yes it is sad to see nubs with it. But it is not their fault that people over farm. I probably am one of the worst for over farming, as soon as we have favour i'm in the UW with a monk [or a necro depending on what im playing as] farming constantly until we lose favour-and when we do i farm somewhere else to get money for Ecto. But hey if I have a build that gets me the purple globs i desire why shouldn't i use it? Ok so some of the people who own FoW armour are [lets be honests] t*ts, but it's their choice to buy it whether they bought money off ebay or earnt th money. I am upset by this, but as I am in the process of getting FoW myself [99ecto to go] i am happy with the price drop =D

my 2 cents

Tijger

Wilds Pathfinder

Join Date: Sep 2005

Mo/E

I've also noticed that black dye is cheaper then I have seen if for a very long time, might be related to this 'issue'. I think a drop worth around 7K is a nice one for me, I dont have or want FoW armor so I sell ecto straight away.

Energizer Deth Buni

Banned

Join Date: Jan 2006

Near Atlanta GA

MVoA

N/Me

I have heard that Ecto and Shards will still be used in the next chapter for the new stuff? Any news or way to gauge that? I dont think the designers would just make everything useless? And why am I seeing shards in high demand today.. but not ectos?


Just keep letting him hit you over and over, Im using Spiteful... and if you do die I can make a fiend after that....

Energizer Deth Buni

Banned

Join Date: Jan 2006

Near Atlanta GA

MVoA

N/Me

Posted by Jiggy Fly (not sure why my referencing not working right)

I saw an interview with Gaile Gray awhile back. A question about farming was raised and why Anet seemed to be taking a negative stance on it, the response was based on their information only about 10% of the population on Guild Wars had over 25k, and only 25% had over 10k, etc..


Well I played for months doing FOW before I discovered Greens and within the first week of g ORO farming I found Mals Shield twice... so the Holy Gaile blessed me or needs to consider why everyone is so poor.. 2 Malinons shield = 150K.

David Of Troy

David Of Troy

Ascalonian Squire

Join Date: Dec 2005

LORD

W/

I think the drop rates of ectos are because of the china farmers. IMO I think that they control the ectos' economy. I mean I see them buy/trade/scam ectos.

temp

temp

Lion's Arch Merchant

Join Date: Nov 2005

my bedroom

Band Of Death UK

ectos = cheap
temp = happy

heavenscloud2

heavenscloud2

Banned

Join Date: Jan 2006

R/

the only reason why ectos are cheap is because the new UW requires no favor and no money. if they stop the ecto drop in the tombs Uw i think ecto would go back.

blablues

Pre-Searing Cadet

Join Date: Sep 2005

Philadelphia, PA

Azz Kicking Association [AKA]

Mo/

I don't know if ecto drops are all that common in new Tombs. Sunday(1/22) night EST I went in with 8 people, and only 2 people got ectos. But I suppose even those few drops are adding a lot to the overall amount with as many groups as are going in there in addition to continue farming of the original UW. (if the original UW is still up? lol I never bothered to look)

Takeko Nakano

Takeko Nakano

Wilds Pathfinder

Join Date: Aug 2005

Great Britain

W/P

Quote:
Originally Posted by heavenscloud2
the only reason why ectos are cheap is because the new UW requires no favor and no money. if they stop the ecto drop in the tombs Uw i think ecto would go back.
That's not going to happen before Chapter 2 - Gaile said that the current set-up is going to stay for now.

Tijger

Wilds Pathfinder

Join Date: Sep 2005

Mo/E

Quote:
Originally Posted by blablues
I don't know if ecto drops are all that common in new Tombs. Sunday(1/22) night EST I went in with 8 people, and only 2 people got ectos. But I suppose even those few drops are adding a lot to the overall amount with as many groups as are going in there in addition to continue farming of the original UW. (if the original UW is still up? lol I never bothered to look)
Highest amount of ectos I've seen in a single mission was 3 in an 8 man party, I've never gone solo farming in the 'old' UW but I imagine that you'd get more there then in the new UW.

Maybe someone who has experience farming UW solo can tell us how many drop on average but I imagine it might well be more then 3 and doesnt take 2-3 hours.

Jas

Academy Page

Join Date: Oct 2005

Piken Square - American District 1

The Everchanging Path [lost]

Mo/E

Quote:
Originally Posted by cR4zY-n^
You also have to take a sleep, go to work/school and try not to drop dead in front of pc.
What? Sleep? I gave that up when I bought GW, working I quit few months later and life... umm... I put it somewhere

Quote:
Originally Posted by cR4zY-n^
However, I smell ecto being used for Chapter 2 armor and then price will suddenly go up, and people that are so keen to sell their pile of ectos till price doesn't fall even more, will get double screwed. ^^
I'm waiting for Linen and Silk to shoot up there like a rocket.... waiting and hoping. Have a nice stock of them
What comes to Ectos - with my luck I have so far aquired 1 (yes... one) Ecto. And that was after a week of active UW'ing (more than 8hrs a day, over 60hrs a week). And that's it... never since have I gotten any, not in UW or the new Tombs.
That makes me wonder how much time do some people spend in UW to get the 100+ Ectos for their armor.

Alanus

Alanus

Academy Page

Join Date: Nov 2005

USA

Sasquatch Carrot Slingers [FooT]

R/Me

I just don't understand how people can accumulate so much money in general. My primary Character is a Ranger, and you cant really do anything except go into trap groups (Which I see very rarely anyways). My warrior I made later on was created to farm griffons but when he got to Augry, BOOM, nerfed.(shouldnt have deleted my monk )

The most gold I have every seen with me at one time was 40k, and slowly it was sapped away.

I have Droks armour (Druids) dyed green, a collectors long and short bow(with sub-par mods).

I never even tried to do a UW run till the new one came out and I have 2 ectos and 2 crappy greens(victos maul and koles gauntlet) after 10 runs through. (But trapping rangers barely lasted the weekend before they became shunned)

but still, maybe getting anything better in this game is more of a reality now.

=HT=Ingram

=HT=Ingram

Forge Runner

Join Date: Feb 2005

Anchorage Alaska

Haz Team [HT]

R/W

Its called cheating by purchasing gold offline... I know for a FACT that there are several accounts that deserve to get wiped for doing this... But as long as they do it those companies keep ruining the game for everyone else... oh well This is why I have always avoided MMOs in general... Its just with GW being a no subscription system It was worth the pain in the butt dealing with them to play the game on occasion... Its just a shame people don't see the damage those types of operations are doing to the game... It would not be hard to get rich individually if anet didn't have to nerf many areas to all get out because of them... Now yea... its harder to get enough money for elite items.. so I don't worry about that stuff anymore... I play the game just as well with a perfect purple as I do with a elite green. If I get a green thats useful great. If I cant use it and someone in my guild can. its theirs.. but sell it. Prob not till a good auction system is created... Although gurus auction web-page is prob the best I have seen anywhere so far. kudos to them for that...

ingram...

shadowfell

shadowfell

hamonite anur ruk

Join Date: Jan 2006

Echovald Forest

[PhD] Teh Academy

Me/A

Quote:
Originally Posted by Teh Azman
Then sell em, you'll still make a ton of gold...

The rich only get greedier >.<
I think it's more.. the rich no longer have to worry about being needier..so they can afford to sit on their item for longer periods of time, hold out for the prices that they want. Still no excuse to gouge.. I know I don't want to be stuck with worthless products when the market dries up.. (if)....

But I will say one thing, I give away a lot of free stuff to new players, and not junk either, just because I can afford to.. so I guess that is not being greedy a bit.

Ju_Smurph

Ju_Smurph

Frost Gate Guardian

Join Date: Jun 2005

In a house

[TaB]

Me/N

When people stop buying and invest, the prices drop... Thats all there is to it... there are many reasons for this... faster money elsewhere, people are saving for chapter 2... Gems are the new investment item. Everybody does there own thing for their own reason, but i honestly see the price going very low come chapter 2....

Lady Lozza

Lady Lozza

Forge Runner

Join Date: Dec 2005

Oz

Angel Sharks

Me/N

Quote:
Originally Posted by Tijger
Highest amount of ectos I've seen in a single mission was 3 in an 8 man party, I've never gone solo farming in the 'old' UW but I imagine that you'd get more there then in the new UW.

Maybe someone who has experience farming UW solo can tell us how many drop on average but I imagine it might well be more then 3 and doesnt take 2-3 hours.
I've seen 12 ecot drop on the one UW trip. However I've found the average to be around 5 or 6 regardless of party size (this is assuming you clear the entire UW).

As for the new UW, I've never seen more than 1 ecto drop on the one trip, and sometimes not even that.

The Herbalizer

The Herbalizer

<3 Ecto

Join Date: Jul 2005

Quote:
That makes me wonder how much time do some people spend in UW to get the 100+ Ectos for their armor.
I have only farmed uw a few times yet have massive numbers of ectos. The answer to your question is my wealth has not been made from uw farming but from other methods which are far more profitable.

plasmasword

Frost Gate Guardian

Join Date: Sep 2005

It's going to be so funny if theres a seperate storage agency in the new continent(I HAVE 1000K AND 300 SAPPHIRES AND RUBIES IN MY STORAGE WHY CANT I SEE THEM? Oh wait its not a Xunlai Agent...).

Jiao Yang

Jiao Yang

Lunar Rabbit

Join Date: Dec 2005

do people have all these gems because its the best way to store your money after 1.4mil? I cant see how u can find so many...

Bit off topic soz... heres my bit:
does the price of materials and runes change because of what players do (buying, selling) or what Anet do?

Shut Your Mouth

Academy Page

Join Date: Jan 2006

Deathspawn Elite

Mo/N

I personally think the only reason Ecto,Sup Absorp, Sup Vigor prices are on the fall is purely based on supply and demand. Nothing new to do and not long ago only monk's were able to efficiently farm Ecto's. Now you have Monks and necros doing it.

Ecto was 16k when only monk's could farm them.
Ecto is 8k now that monks and necros farm them

Hmmm twice as many farmers half price. makes no since to me lol

Same goes for Sup runes everyone is at end game, so it only makes since to start farming for the stuff that build's you ingame bank.

Supply and demand rules economy!

animeba

Academy Page

Join Date: Dec 2005

simple reason for ecto price drop:
ecto & shards used to be exclusive material currency for the game.
now people are investing in sapphire & rubies as alternative currency. Spending more gold on those means less demand for ecto => lower ecto price. When people see ecto prices drop, it leads to mass panic and selloffs. Sort of like stock market crash.

Shut Your Mouth

Academy Page

Join Date: Jan 2006

Deathspawn Elite

Mo/N

lol well we have a couple month's until ch2. plenty of time to get your bank up for the new stuff. Every one of the Trader/Farmers in this game wants something that noone uses to become valuable. Rubies and sapphires I believe are just a speculation, they will most likely be just as worthless as ever!

Ju_Smurph

Ju_Smurph

Frost Gate Guardian

Join Date: Jun 2005

In a house

[TaB]

Me/N

Quote:
Originally Posted by Jiao Yang
do people have all these gems because its the best way to store your money after 1.4mil? I cant see how u can find so many...

Bit off topic soz... heres my bit:
does the price of materials and runes change because of what players do (buying, selling) or what Anet do?
Supply & Demand only, Anet has not touched the economy for a long time and usually would not. But this was the occasion when 55 Monks hit and runes were always ou of stock and weird things like yellow dye spiked to a few platinum.

twicky_kid

twicky_kid

Furnace Stoker

Join Date: Jun 2005

Quite Vulgar [FUN]

People are cashing in their ecto for gold. Gold is still the currency of the game and probly always will be. The drop in price created a scare and others sold off.

Runes are dropping because people are deleting characters for more slots for chapter 2 and cashed them in for gold while prices was still high. Selling them to merchant lowered the price. Only reason sup abosorption went high in the first place was because aoe nerf caused a spike in w/mo farmers. All the runes prices are based on farming classes.

I saw SS not be affected by aoe nerf so I bought all the curse runes I could at 200g each. Sold them all back for 1k each. See how the market works and adjust to future changes and you can make some major gold.

Mavrik

Mavrik

Forge Runner

Join Date: May 2005

Alaska

thats right, keep those prices falling! Whooo! maybe I can get FOW armor after all.

Keyote

Keyote

Frost Gate Guardian

Join Date: Nov 2005

Quote:
Originally Posted by temp
I too remember the days of old when FoW armour was for the skilled players, and yes it is sad to see nubs with it.
How was FoW armor ever for 'skilled' players?

You need a reality check if you think where you hunt has any relation to skill. All PvE is easy, so by your logic everyone who does it is a nub.

Lord Dobo

Lord Dobo

Frost Gate Guardian

Join Date: Jan 2006

Arizona

The Unseen Hand Of Fate [fate]

E/

Quote:
Originally Posted by Keyote
How was FoW armor ever for 'skilled' players?

You need a reality check if you think where you hunt has any relation to skill. All PvE is easy, so by your logic everyone who does it is a nub.
Heh. I have to say, 80-90% of the people who play don't seem to exhibit much skill, they just get carried by the players who are. Beleive it or not, the game used to be harder. They nerfed so much of it, and not just the farming spots. Many of the missions were struggles, but I go back and take a look at them now, and they changed them... added a few npc helpers, took away some enemies, changed the way the lich fights... you don't HAVE to kill him three times now. And it wasn't just the missions. The maps themselves are easier. The second 15 point attribute quest used to have an ARMY of monsters in the way... now anyone can do it. Too many complainers not willing to challenge themselves for the rewards. I think ANET beleived they would have lost players if people couldn't get their last 15 points.

Anyways, I'm curious, just like the guy above. Does anyone know the math behind the trader prices? I've posted that question elsewhere, but I don't actually beleive anyone knows for sure. I think that little piece of the puzzle could be worth alot in understanding what is going on with the prices of materials.

And didn't people start picking up gems because of what Gaile said? Did she ever confirm anything? I hope you guys don't loose out on a fortune over a rumor.

shadowfell

shadowfell

hamonite anur ruk

Join Date: Jan 2006

Echovald Forest

[PhD] Teh Academy

Me/A

All I know is I need to find something to invest in, because not being able to buy or sell anything because you simply cannot hold anymore, anywhere.. is bad. Ectos aren't striking me as a safe bet and there might be a huge loss in gem purchases if the new armor doesn't require them.... Damned if you do, damned if you don't.

Gott Wood

Pre-Searing Cadet

Join Date: Aug 2005

Currently Guildless

I have been in the underworld a total of 6 trips in the past 3 days and no ectos......The guys in my party got two.....two total in six trips. I dont get it. I here all these people saying how easy it is. I still need 30 more ectos.

I refuse to buy gold off ebay to buy armor....I have 1200 hours of play and still cant afford my fissure armor.

Rayne Nightfyre

Rayne Nightfyre

Wilds Pathfinder

Join Date: Dec 2005

Acolytes of Lyssa [AL]

Me/A

I believe that they will stay at a fixed price at some point, possibly 6k from trader, 4.5-5k trade value. People are still going to go for Chapter 1 Fissure armor, so the price will have to stop falling sometime. It would be awesome to get myself a set for my Mesmer, but if you can just buy them for 500g each, there's really no satisfaction in having Fissure armor.

Keyote

Keyote

Frost Gate Guardian

Join Date: Nov 2005

Quote:
Originally Posted by Gott Wood
I have 1200 hours of play and still cant afford my fissure armor.
I have 1000 hours and I've never even bothered starting to collect because I know I cant afford it

SilentAssassin

SilentAssassin

Wilds Pathfinder

Join Date: Dec 2005

Belgium

Remnants of Ascalon, KT alliance

R/N

offcourse there is satisfaction when you buy FoW armour for lets say 100k, you can show of and say:

"look at me I got my FoW armour 1.4 million cheaper then you"

Would be funny how ppl would react when suddenly price of FoW drops

onilink

onilink

Wilds Pathfinder

Join Date: Aug 2005

Consortium of Evil Monkeys

E/

Quote:
Originally Posted by rayne2550
I believe that they will stay at a fixed price at some point, possibly 6k from trader, 4.5-5k trade value. People are still going to go for Chapter 1 Fissure armor, so the price will have to stop falling sometime. It would be awesome to get myself a set for my Mesmer, but if you can just buy them for 500g each, there's really no satisfaction in having Fissure armor.
Well, not any more satisfaction than what you'd get from 15k armor, and from finishing the quests to unlock the forgemaster. I think that if the prices went down that low, Anet would have many complaints from all the current wearers of fissure armor (myself included). But then, they haven't seemed all that worried about angry rich people in the past.........

Effendi Westland

Effendi Westland

Wilds Pathfinder

Join Date: Dec 2005

Isle of the dead

[DVDF][LDS]

P/W

Quote:
Originally Posted by onilink
Well, not any more satisfaction than what you'd get from 15k armor, and from finishing the quests to unlock the forgemaster. I think that if the prices went down that low, Anet would have a problem with all the current wearers of fissure armor (myself included) boycotting their future chapters. But then, they haven't seemed all that worried about angry rich people in the past.........
that reeks of protectorism, i got this FoW armor and am rich, dont want anything to disturb my wealth. how conservative. GW is a living breathing world, things will change, if you like it or not.

And a boycot because if it, how sad.

lg5000

lg5000

Jungle Guide

Join Date: Jul 2005

Australia

That leads to the question of how many people spent endless hours farming and how many opted for ebay money to get fissure, or held hoh (which, apparently, can make you rich?)

Is it a sign that you're a good player? Hardly.

heavenscloud2

heavenscloud2

Banned

Join Date: Jan 2006

R/

since ecto seems to be staying at 6k-7k, i'd say u still need alot of money to buy fissure armor. each fissure set needs 105 ectos and 105 shards. i'll just keep playing and barrage my way through tombs and hope for mutiple victo's bulwarks. play UW or FoW or tombs and hope for something good from those chests it ur main way of money after u finish the game

ThorgallSpotswood

ThorgallSpotswood

Wilds Pathfinder

Join Date: Oct 2005

Louisville, Kentucky

: )

W/Mo

Let ecto go down. Who cares?

onilink

onilink

Wilds Pathfinder

Join Date: Aug 2005

Consortium of Evil Monkeys

E/

Quote:
Originally Posted by Effendi Westland
that reeks of protectorism, i got this FoW armor and am rich, dont want anything to disturb my wealth. how conservative. GW is a living breathing world, things will change, if you like it or not.

And a boycot because if it, how sad.
I think you might have missed my point. I am not disgustingly rich, I just know that I and many other people have spent a lot of time and effort to get our fissure armor, and it would be rather dissapointing to see someone who's hardly been playing for very long wearing the same armor that it took us hundreds of hours to earn. A game that offers very high-level rewards for extended play and then cheapens that reward once you've earned it does not seem very fun to me.