OMG The Prices! - Guild Wars Guru archive powered by Guild Wars Legacy

thaumaturge

Frost Gate Guardian

Join Date: Mar 2005

Mo/Me

12 Aug 2005 at 14:42 - 201

Well it appears that the magical price balancing code didn't work as planned, or people found a very good way to exploit it. Prices were getting ridiculous and I had anticipated ANET would do something to fix things, and they have. Sucks for the guys stocking up on stuff but you had to see it coming right

It's unfortunate that in fixing things they let some early birds get the worm. Ectos for a few hundred, I would certainly have purchased many hundreds if i had of been there. So a few people are going to get rich, some are going to get poor (relatively). At least something was done, good job. Nice step, auction house.

Lorelei

Frost Gate Guardian

Join Date: Apr 2005

Somewhere unexpected

12 Aug 2005 at 14:43 - 202

Quote:

Originally Posted by Xenufa

I got my degree in economics

Maybe ANet should hire someone like you!!!!!!

Algren Cole

Banned

Join Date: Jun 2005

12 Aug 2005 at 14:55 - 203

Quote:

Originally Posted by thaumaturge

Well it appears that the magical price balancing code didn't work as planned, or people found a very good way to exploit it. Prices were getting ridiculous and I had anticipated ANET would do something to fix things, and they have. Sucks for the guys stocking up on stuff but you had to see it coming right

It's unfortunate that in fixing things they let some early birds get the worm. Ectos for a few hundred, I would certainly have purchased many hundreds if i had of been there. So a few people are going to get rich, some are going to get poor (relatively). At least something was done, good job. Nice step, auction house.

it was a temporary fix for a permenant problem...Superior Monk Runes will be back up at 60plat in under a week....Black Dye will be back up to 30 plat...things like Major vigors which normally go for reasonable prices(under 10 plat) are gonna jump to 20 plat...it didn't solve anything other than your immediate need to see rune prices down in the hundreds....a week from now the same problems will exist in the economy.

EAT U ALIVE

Banned

Join Date: Jul 2005

LBS running academy

W/Mo

12 Aug 2005 at 14:56 - 204

God I Got Off At 5 O Clock If Only I Stayed For An Hour Omfg.... Im So Mad Did The Prices Go Back Down?

Old Dood

Middle-Age-Man

Join Date: May 2005

Lansing, Mi

W/Mo

12 Aug 2005 at 15:00 - 205

Quote:

Originally Posted by EAT U ALIVE

God I Got Off At 5 O Clock If Only I Stayed For An Hour Omfg.... Im So Mad Did The Prices Go Back Down?

Not really. Superior Vigor Runes were Down tp 49K from 55K in the last hour or so. Sup Protection and Sup Smtting are back and are selling at 1.9K and 6K.

MSecorsky

Furnace Stoker

Join Date: Jun 2005

So Cal

The Sinister Vanguard

Me/

12 Aug 2005 at 15:01 - 206

NOW... if ANetMart will resupply the merchants (at least) twice a week (and prevent uber-tanking of the prices), we'll have us an economy.

Sweet.

They do listen.

Arton

Academy Page

Join Date: Jul 2005

Ancient Spirits

E/Me

12 Aug 2005 at 15:04 - 207

ANET will probably increase drops and everyone who is hording will end up with a bunch of crap in their storage. Not to say that Ecto at that price wouldn't have been nice to get. Everyone asked for a fix and there it is.

Stop complaining or they may fix it again and everyone will be screwed.

Kabale

Wilds Pathfinder

Join Date: Jun 2005

UK

Portrayors of Valour [pV]

12 Aug 2005 at 15:06 - 208

Quote:

while there is a greater demand than supply of the item, there will be a much larger demand than supply.

Your degree taught you this?

...

Divinitys Creature

Krytan Explorer

Join Date: Apr 2005

Somewhere between the Real World and Tyria ;P

The Gothic Embrace [Goth]

12 Aug 2005 at 15:13 - 209

Dammit why do these posts always show up after I finish posting for the day :/

I missed the 300 gp ecto goldrush

4 chars with fissure armor would have roxX0red.

Eadwyn Mirwen

Academy Page

Join Date: May 2005

12 Aug 2005 at 15:31 - 210

This makes me feel like going back to Anarchy Online. They wouldnt have done such a major mistake like Anet. Or was it more lazyness and money/time saving? Because it would have cost them some time to set good individual prices.

The fact that none of Anet replies to this says all.

Santanus_Perro

Frost Gate Guardian

Join Date: Jun 2005

Scott Township, PA

Iron Rangers

W/Mo

12 Aug 2005 at 15:34 - 211

The economy will stabilize over time. Some people will make out and have lots of cash, but what can they really buy at a certain point in the game?

This update will be good for the overall community.

noblepaladin

Krytan Explorer

Join Date: Jun 2005

12 Aug 2005 at 15:37 - 212

If ANet is indeed restocking the traders slowly, then thats a good sign, because people who continue to horde will end up losing out greatly. If they do sell, then it will just bring down prices to the equilibrium faster (and the horders would actually save their stock from devaluing too much). I think this is only part of the solution though. If they want to fix up the economy more, they need to get rid of gold. Too much gold was generated when people were farming for ecto in the previous patches. They probably make 30k gold before 1 ecto would drop. They should make some NPC that crafts ecto for 10k gold, and make ecto drops rarer. That way gold will be drained from the economy very quickly. FoW armor isn't a gold sink because in the process of obtaining the ecto and shards, massive amounts of gold is generated (much more than the 15k per armor piece). Gold just changes hands from people who want the FoW armor to people who don't want it but have ecto to sell. If Ecto prices are set and an unlimited supply can be brought, then about 2 million gold would be drained per Fissure set.

SOT

Banned

Join Date: May 2005

East Texas

12 Aug 2005 at 15:37 - 213

The funniest thing to me about this whole mess is, people refuse to SAVE what gold they come into contact with, and spend it on armor, dye, and whatever else the can justify spending their gold on, then whine like bitches.

YOU'RE DOING IT TO YOURSELF. STOP DELUDING YOURSELF. LMFGDAO!

Old Dood

Middle-Age-Man

Join Date: May 2005

Lansing, Mi

W/Mo

12 Aug 2005 at 15:41 - 214

I have been trying to buy a Superior Rune of Healing for the last half an hour.
It *PoPs* up at the trader and when you request a quote it says sorry just sold out. I have been clicking as fast as I can. My hand and wrist are numb from it.

If we see it in the window we should be able to buy it. This is way frustrating!

Fox Reeveheart

Jungle Guide

Join Date: Jul 2005

Michigan

none q.q

D/

12 Aug 2005 at 15:47 - 215

OMG THIS IS BS!

THE ONE DAY I DECIDE NOT TO GO FARMING AND IM F**KED FOR IT!

damnit x.x I really needed those CHEAP CHEAP ectos.

SOME OF US HAVE THE CRAPPIEST LUCK IN DROPS OK!

Loviatar

Underworld Spelunker

Join Date: Feb 2005

12 Aug 2005 at 15:52 - 216

Quote:

Originally Posted by Eadwyn Mirwen

The fact that none of Anet replies to this says all.

it happened yesterday afternoon but they still havent made a reply to you after OMG less than 24 hours

you must have a mighty big opinion of yourself to expect them to jump to yout tune that fast

ritalin deficiency?

noblepaladin

Krytan Explorer

Join Date: Jun 2005

12 Aug 2005 at 15:54 - 217

Quote:

Originally Posted by SOT

The funniest thing to me about this whole mess is, people refuse to SAVE what gold they come into contact with, and spend it on armor, dye, and whatever else the can justify spending their gold on, then whine like bitches.

YOU'RE DOING IT TO YOURSELF. STOP DELUDING YOURSELF. LMFGDAO!

How does not saving gold have anything to do with this? The complaint is that they were not online at the right time to buy the stuff. Some people are walking around showing the trade screen with all slots full of 250 ecto... Everybody is saving gold but stuff keeps getting more and more inflated.

stumpy

Jungle Guide

Join Date: Feb 2005

Canucklehead BC, Canada

Advanced Necro Undead Society

12 Aug 2005 at 15:55 - 218

teeeheee ... yeppers ... Anet reset the economy and in turn made thousands of people millions of dollars. A guildie told me he was online when it happened and ecto started at 800. 8 f-ckin hundred lol. Sold out within half an hour. I went and most sup runes are sold out too. Now ecto is up around 9 plat upon limited availablity ... god i love this ... its so funny ... and inflation will follow again but maybe not as fast as last time. Then again ... I'm not holding onto my sup monks for nothing teehee

ifuwerepbandj

Frost Gate Guardian

Join Date: Jul 2005

Memphis

Embers of Glory [EoG]

R/E

12 Aug 2005 at 16:54 - 219

Lets think about this for a second....We were all asking for the traders to become more viable. Anet did that. All of you people who say the idea to reset prices was the dumbest thing they could have done, think about what you would have done. Anet is not perfect. While I agree that it would have been better to average all of the realm's prices....would you have forseen such a problem with hoarders? If you say yes please remember a little basic psychology lesson in something called "hindsight bias". The update is a great one that will eventually fix the economy. The fact that it generated billions of gp is a drawback, but I think Anet is going to take care of us. All of you people who are quitting over this need to take a chill pill because you have some serious patience problems. Wait a week and watch the prices stabilize.

EtrnalXellotath

Academy Page

Join Date: Jul 2005

Massachusetts

12 Aug 2005 at 16:59 - 220

Quote:

Originally Posted by Supervixen

My guildies made me realise, now that prices through all 3 regions are normalised, why not add traders to the International Districts too? Wouldn't make a difference anymore right?

Exactly! Why not just do away with the waw system all together?

Xenufa

Academy Page

Join Date: Jul 2005

W/Mo

12 Aug 2005 at 17:05 - 221

Quote:

Originally Posted by Kabale

Your degree taught you this?

...

Haha! Sorry, did this before the coffee kicked in, i fixed it now... but anyways, my point was that there were MUCH better solutions than what ANET did.

Mugon M. Musashi

Lion's Arch Merchant

Join Date: Jul 2005

France (Paris)

BUG

Mo/W

12 Aug 2005 at 17:07 - 222

Quote:

Originally Posted by ifuwerepbandj

Lets think about this for a second....We were all asking for the traders to become more viable. Anet did that. All of you people who say the idea to reset prices was the dumbest thing they could have done, think about what you would have done.

hum, I don't know... let's see... maybe, it's just a stupid idea but, set the traders to sell at an average price instead of the lowest price at the start ?

MSecorsky

Furnace Stoker

Join Date: Jun 2005

So Cal

The Sinister Vanguard

Me/

12 Aug 2005 at 17:11 - 223

Quote:

Originally Posted by Mugon M. Musashi

hum, I don't know... let's see... maybe, it's just a stupid idea but, set the traders to sell at an average price instead of the lowest price at the start ?

Lowest prices are known. Average prices probably required all new batch of coding, algorithms, etc.

Silmor

Wilds Pathfinder

Join Date: Mar 2005

12 Aug 2005 at 17:13 - 224

Quote:

Originally Posted by MSecorsky

Lowest prices are known. Average prices probably required all new batch of coding, algorithms, etc.

Or pesky things like rudimentary trade logs, a shard variable snapshot before an update, you know, nothing a serious gaming company would care about.

This is no excuse.

DiAnna

Ascalonian Squire

Join Date: Jul 2005

12 Aug 2005 at 17:15 - 225

Well, I finally got to sell my dye without spending two hours shuffling around storage, yelling "WTS..." every five minutes. I sold it to the trader. Yep. Got decent prices all around.

Now if the rune trader would take a hint from the dye trader, and give decent, flexible prices for runes so those of us who are sick of spending hours trying to get 200g for a rune that the trader sells for 1k despite offering to buy for only 25g, then I suspect the economy would be well on the way to recovery. (I had no runes to sell yesterday, so do not know if the rune trader's buy prices have emulated the dye trader... I sincerely hope that they have.)

IF... and it's a big if... Anet can find a way around the players who have crashed the sup rune market by hoarding the entire available stock. As long as the only sup vigor runes (or any other sought-after items) are controlled by players who can hoard the entire supply, then set the moon and six stars as a price, the game's economy will remain precarious and unhealthy, IMHO.

ANet's recourse at this point is to flood the NPC traders with near endless supplies of these currently-hoarded, manipulated items until any player can purchase them, and players begin selling their excess back to the traders rather than hawk them to each other for inflated prices. It makes the hoarded supplies relatively worthless, of course... but it helps repair the damage the hoarders have caused in the first place.

Algren Cole

Banned

Join Date: Jun 2005

12 Aug 2005 at 17:15 - 226

Quote:

Originally Posted by ifuwerepbandj

Lets think about this for a second....We were all asking for the traders to become more viable. Anet did that. All of you people who say the idea to reset prices was the dumbest thing they could have done, think about what you would have done. Anet is not perfect. While I agree that it would have been better to average all of the realm's prices....would you have forseen such a problem with hoarders? If you say yes please remember a little basic psychology lesson in something called "hindsight bias". The update is a great one that will eventually fix the economy. The fact that it generated billions of gp is a drawback, but I think Anet is going to take care of us. All of you people who are quitting over this need to take a chill pill because you have some serious patience problems. Wait a week and watch the prices stabilize.

or they could have taken an average mean price for each rune/material for all countries and formulated the difference out into an algorithm that would have stabalized the economy over the course of a week or two. Each rune would drop in sale price by a few gp every hour and gain a buy back price of a few gp every hour until the sale price and the buy back price for each rune had hit the average mean at which point they would stop and calculate the number of runes purchased versus the number of runes bought from players to get a basic(yes admittedly very basic) idea of how many runes were in the virtual world. Then they could have kicked the supply/demand system back in without ever disrupting the flow of the economy....

that's how I would of done it atleast....

Xonic

Krytan Explorer

Join Date: Jul 2005

Mo/Me

12 Aug 2005 at 17:16 - 227

Quote:

Originally Posted by ifuwerepbandj

All of you people who are quitting over this need to take a chill pill because you have some serious patience problems. Wait a week and watch the prices stabilize.

I say let them quit

MSecorsky

Furnace Stoker

Join Date: Jun 2005

So Cal

The Sinister Vanguard

Me/

12 Aug 2005 at 17:18 - 228

Quote:

Originally Posted by Silmor

Or pesky things like rudimentary trade logs, a shard variable snapshot before an update, you know, nothing a serious gaming company would care about.

This is no excuse.

So people want a fix and want it yesterday. ANet gives them the fix. People complain because ANet didn't take a few more weeks researching algorithms and the like, or didn't release the game a few months later while they built a completely hidden price tracking system.

Sheesh. It was a temporary hiccup. Get over it.

Xonic

Krytan Explorer

Join Date: Jul 2005

Mo/Me

12 Aug 2005 at 17:19 - 229

Quote:

Originally Posted by Algren Cole

or they could have taken an average mean price for each rune/material for all countries and formulated the difference out into an algorithm that would have stabalized the economy over the course of a week or two. Each rune would drop in sale price by a few gp every hour and gain a buy back price of a few gp every hour until the sale price and the buy back price for each rune had hit the average mean at which point they would stop and calculate the number of runes purchased versus the number of runes bought from players to get a basic(yes admittedly very basic) idea of how many runes were in the virtual world. Then they could have kicked the supply/demand system back in without ever disrupting the flow of the economy....

that's how I would of done it atleast....

now, just how important are gold, and black colored armor in GW that they have to spend days of the development time to implenment such a complexed change-over?

If it's up to me I would say screw all the whiners and let them quit. but then again, I won't be a sucessfule game developer, ever, with that mind set.

Algren Cole

Banned

Join Date: Jun 2005

12 Aug 2005 at 17:21 - 230

Quote:

Originally Posted by Xonic

now, just how important are gold, and black colored armor in GW that they have to spend days of the development time to implenment such a complexed change-over?

If it's up to me I would say screw all the whiners and let them quit. but then again, I won't be a sucessfule game developer, ever, with that mind set.

any programmer worth a damn could code, test and implement something as simple as that in under 20 hours.....if I was a developer 20 hours to save my pride and joy would be well worth it.....but then again I gave up developing video games some years ago.

EDIT: No it's not only people that weren't online. I was at the trader purchasing a superior protection rune for 40 plat when I went to storage (trader window still up) to get the money. I got the money and clicked request quote and noticed that superior protection runes were now going for 300 gold....So I purchased 40 something of them. It's not about getting rich or being bitter because we weren't there for it....it's about ArenaNET making a GIANT mistake....and some of us realizing what the reprocutions are going to be.

Ashraven

Ascalonian Squire

Join Date: May 2005

Tangun Fury

12 Aug 2005 at 17:25 - 231

Quote:

If ANet is indeed restocking the traders slowly, then thats a good sign, because people who continue to horde will end up losing out greatly. If they do sell, then it will just bring down prices to the equilibrium faster (and the horders would actually save their stock from devaluing too much). I think this is only part of the solution though. If they want to fix up the economy more, they need to get rid of gold. Too much gold was generated when people were farming for ecto in the previous patches. They probably make 30k gold before 1 ecto would drop. They should make some NPC that crafts ecto for 10k gold, and make ecto drops rarer. That way gold will be drained from the economy very quickly. FoW armor isn't a gold sink because in the process of obtaining the ecto and shards, massive amounts of gold is generated (much more than the 15k per armor piece). Gold just changes hands from people who want the FoW armor to people who don't want it but have ecto to sell. If Ecto prices are set and an unlimited supply can be brought, then about 2 million gold would be drained per Fissure set.

I agree. Unless traders restock at a reasonable rate, Anet has only produced a temporary fix and the economy will it NOT even out (to a significant level) over time. What has also happened is that Anet has severely downgraded the value of rare items- not in a monetary sense, but from strictly a RGP point of view.

Lets think back to when Anet was creating this game. You can image one of the developers say "Hey, why don't we make special runes that will increase one's abilities/stats. Hey, that's a good idea, but we'll make some powerful ones that will be harder to find. Yeah, this should make role-playing (PVE) much more exciting.

Now look at what's happened. There is no point in trying to find rare items, especially superior runes and black dyes. What's the point now? Only to make money. IMO, this is a hard blow to the PvE community. So, in the end, the implementation of traders and the "new economy" is that they've totally negated the initial reasons for creating gold weapons, superior runes, black dyes, etc. in the first place. You might as well just totally take out the rune system and everyone will be back on an even playing field. Isn't that what you wanted Anet? An even playing field? Balanced combat?

Let me recap. So now all I have to do to get something is go to a trader and buy it! Wow, that's so fun and exciting. I love it! Fun, Fun, Fun!!! Let see, what else can Anet do to make it even better. Lets get gold weapon traders and make them replenish their supplies every two weeks. Yeah, more FUN!!!!

Normally, I don't rant and whine and I may be exaggerating, but I think in this case, Anet has reacted way to quickly to try and resolve issues, but only to create new ones. I commend them for listening to the community and I have no doubt that they are trying their best, but there was some serious lack of vision with the "significant" updates.

-Ashraven

BrandonIT

Frost Gate Guardian

Join Date: May 2005

Dallas, TX

Tribal Instincts

R/E

12 Aug 2005 at 17:30 - 232

No, the point of Runes was to give you a boost in one stat at a health deficit.

Guild Wars has always been about give/take. Nothing in the game gives a sizeable reward without a drawback usually.

I think Superior Runes should cost you 100 health not 75, to put them more on par with Major/Minor rune costs.

MSecorsky

Furnace Stoker

Join Date: Jun 2005

So Cal

The Sinister Vanguard

Me/

12 Aug 2005 at 17:33 - 233

Quote:

Originally Posted by BrandonIT

I think Superior Runes should cost you 100 health not 75, to put them more on par with Major/Minor rune costs.

Beware the 5 HP build monks!

cunninghambone

Ascalonian Squire

Join Date: Jul 2005

none

R/E

12 Aug 2005 at 17:37 - 234

I think the people who are really pissed about it are the ones who weren't online when it happened. Has anyone thought that maybe anet did it as a gift to people. I've never been extremely rich in game, but due to the price drop, now I'm friggin' set! Honestly, would you rather have black dye costing 34k? I think it's cool what they've done, but I'd probably be pissed if I missed out on all the fun. The only downside is it seems like materials have been capped kinda low, which was my main source of income, but since I bought 30 ectos at 1k each and resold them for 7 times as much, I'll be ok.

kareel

Ascalonian Squire

Join Date: Jun 2005

[UNA] (United Nerd Army)

12 Aug 2005 at 17:39 - 235

Because of all the new rich people, the game is dead

giroml

Academy Page

Join Date: Jul 2005

12 Aug 2005 at 17:39 - 236

This update does something great for the casual player (me). It allows me to get a decent sell price to the merchant. I don't want to deal with player traders and this allows me to completely ignore them now and still make decent money from the drops I don't want. Do I care if someone else gets rich, no I do not. More power to them, I just want to be able to get a fair market value for my items from the NPC merchant and now I do.

kareel

Ascalonian Squire

Join Date: Jun 2005

[UNA] (United Nerd Army)

12 Aug 2005 at 17:41 - 237

No it doesn't Gir. There are bots camping the various merchants and buying out stock as soon as it comes in.

You'll never be able to get what you want any more, and as such, you'll soon become just as bored with the game as the rest of us.

MSecorsky

Furnace Stoker

Join Date: Jun 2005

So Cal

The Sinister Vanguard

Me/

12 Aug 2005 at 17:41 - 238

Quote:

Originally Posted by kareel

Because of all the new rich people, the game is dead

Why? If everything is reasonably priced, wealth is irrelevant. If you're a regular Joe and I'm a millionaire and we both pay five bucks for a cheeseburger, we're both still full and the rest of my money had no effect on the cheeseburger.

Quote:

Originally Posted by kareel

No it doesn't Gir. There are bots camping the various merchants and buying out stock as soon as it comes in.

Keep the resupply going, soon the bots will be full of stuff they can't unload and everyone else will buy what they need from the merchants.

kareel

Ascalonian Squire

Join Date: Jun 2005

[UNA] (United Nerd Army)

12 Aug 2005 at 17:43 - 239

Quote:

Originally Posted by MSecorsky

Why? If everything is reasonably priced, wealth is irrelevant. If you're a regular Joe and I'm a millionaire and we both pay five bucks for a cheeseburger, we're both still full and the rest of my money had no effect on the cheeseburger.

That, my friend, was the single most intelligent comment I've yet seen in this thread.

Algren Cole

Banned

Join Date: Jun 2005

12 Aug 2005 at 17:44 - 240

Quote:

Originally Posted by MSecorsky

Why? If everything is reasonably priced, wealth is irrelevant. If you're a regular Joe and I'm a millionaire and we both pay five bucks for a cheeseburger, we're both still full and the rest of my money had no effect on the cheeseburger.

and what is regular Joe supposed to do for food when you buy every cheeseburger available leaving the Supermarket out of stock?

he's gonna pay 10 bucks for the same cheeseburger you bougth for 5 bucks...cuz the man's gotta eat.