OMG The Prices!

MY ADVICE TO THOSE WHO MISSED OUT

DON'T buy the godly items that people acquired with this update. In time they will realize they can't sell to us, and will be forced to sell back to the trader (still for a good price though). Only then will the prices go back down

Listen to this guy!


Petition for rollback! For everyone's sake.

The problem is that like you said, they'll always can sell to the merchant, making still lot of profit. You, we missed out the most important GW turnover. Now there will be players who has billions, and the rest. Unfortunatly, we're on the rest.

So, let me get this straight: now people are complaining because some got in early and managed to buy stuff before prices rose?
Wow.

There truly is nothing which can not and will not be given a negative spin in this forum. Amazing.

If the trader algorithm is now fixed, prices will adjust themselves. At present people perceive things to be cheap, and therefore buy, meaning demand is very high right now and prices rising. That wont last.

Demand is high because prices were overlow. 500 Gold/ecto 100 gold/sur vigor
After selling thoudands, its out of stock. Hi billions in 5 minutes, hi maximum profit.

Well, the prices have reset, and OK, there were a fair few who probably took advantage, rushed to the merchants and bought Ectos, Sup vigor, & black dye in their squillions.

Big deal!

So I missed out on the "Great price update"

No great tragedy.

The game goes on. I'm still out there killing monsters and earning my gold honestly. Dyes don't interest me, and I can still get a decent hoard of runes from a few hours of farming. I just can't find the energy to get pi$$ed off or jealous because other gamers took an Elevator while I'm climbing Everest. I didn't buy GW to play a stock market simulation anyway.

I've done some silly things with money. While I haven't exactly squandered it, I have enough to be able to comfortably play a 2nd character, can still net more than my entry fee to the FoW/UW, and have the odd Dwarven Ale or 6 with enough change left over for a 2nd set of Droknar's Armour and a rune or 3. The only changes are that now, dealing with merchants will be a little more pleasant, and I'll be turning off the thousands of "WTS Ecto 2k only!" Callouts on the Trade channel in LA for a few days.

I Personally think that if the trader prices are not lowered closer to the reset value we will have a great gap in the economy and rather large problem..

For example: We have the now very rich players that benefited from the reset prices, ie with 4000k

And we have the players that missed the reset prices with anyhere between 1k-1000k or whateva it is.

The rich players will have the power to buy any rare items and and with alot of money. This could cause the prices to rise for rare items as there a large amount of people now willing to pay alot of money as they have more than they really need.

Prices of rare items for example could double or more..

People that missed out will no longer be able to purchase these items.

This is just one simple theory that could happen.

well now there are no ecto at all available at the trader
there are no more monk superior runes, except the divine favor
superior absorption is over 80K

and there are people shouting they want to sell 200 ecto

yay the economy is finally fixed !

You mean : there were lot of people who took an insane avantage over the economy by making billions in 5 minutes. The fast is you will never get as rich as them in months of farming. Cya

It will be much more fixed and balanced now. Very few players were in the correct place and at the good time to hoard ectos and become uber rich. Rest of the world can hope for an actual economy once the price shock ends and stuff returns to stock.

Well, I hope

They fixed the economy : they transfered NPC's items to real players. To make sure keeping high prices, and make sure that some players made billions in 5 minutes. Also to make sure that people who missed that will be out the economy. (wts 200 ectos ; wts 50x each sup rune ; ...)

OMG! I HAVE IT!

From the inside information I have obtained, this is how they determine updates:

They have a wall set up in their main office that they call "The Decision". On this wall is a multitude of dartboards that all display potential features they can change in game. Every time a developer has a birthday (or someone in their family), that member gets one throw of what they call "the boss." The boss is about five inches long, yet it holds more power than any of us can imagine. Just recently this week, someone had a birthday, and took aim at the wall (for whom took this action, even I have been left in the dark).
"The Decision", as I mentioned before, has several boards on it that contain potential updates that they can get around to. This week, "The Boss" happened to land on a "bonus spot" that doubles the effectiveness of the next update. They all shouted with glee as the bonus was obtained, yet they still had to wait for "The Boss" to meet the next "Decision". Again, the recently celebrated took aim and happened to land on a spot labled "Screw up economy by screwing up something at random. Throw "The Boss Again". If this spot is reached after a bonus, then screw up the economy by excuse of wanting to balance global merchants and throw "The Boss" again." The third throw ended up hitting the "Ignore the popular oppinion of the playerbase and let their complaints fall upon deaf ears for a month."
Upon reaching this decision, the developers jumped up and down shouting chants of freedom to do what they wished. For the next few days, they took the order that their "Boss" had given them, and slowly began working at a devious scheme that would include all of the happenings earlier that day during "The Decision."

By this action, a simple game of darts, as we see it, blew the economy to kingdom come for no reason whatsoever.

...never again.

That's what I'm hoping is the case........People shouldn't waste their money on this stuff as the price will start going down once the guys with all the stuff realize they can't sell any of it off... That's when the other half of the fix kicks in: trader sell rates!!

I still hold my case that they could have fixed this in a much better way.

Everybody is hunting for gold. But why ? Does it become inbalanced that someone has 1 mil gold and someone 10 thousand ? I don´t think so.
It is just hangover from real life where many people think that with a lot of money they could become kings of the world and buy everything. But in GW that is not true.
I have missed this price reset but I am glad Anet came with this update and fixed the economy.
Currently i have 15k citadel armor, some major/superior runes and upgrades and 20k in my storage. And I am not less competitive then those with FoW armor and 1 mil in their storage.
So the point is : is it just envy that someone missed the opportunity how to become rich in a few mins ? What brings you being rich in the game where the wealth doesn´t mean being uber ? Nothing, just personal feeling that you are in the top ten thousand the most wealthy people.
And please, just fill in the abbreviation "IMHO" before my whole post.

Money wouln't help you that much in real life either, it'll just pay for your funeral that you worked yourself into And an internet connection! Woo

Oh dear, what to write...

Well, firstly prices for some items (sup monk runes for example) had gotten out of control. If you allow one class to be able to solo the UW and collect a number of valuable drops (ecto's etc) each run then everybody should have the ability to do it! For this reason im happy.

However, reseting the prices like that was just plain dumb for a number of reasons which have been covered already in this thread. A much better solution would have been to increase drops and reduce the buy/sel margin the NPC traders use. This would have brought prices down more gradually.

Now I didn't get rich in this extreme version of early 90's Tory Government economy but it does mean I have now been able to afford Sup Vigor and a set of Sup monk runes. At the time of positing this though, I notice that no Sup monk runes are available: what will happen to future prices is anyones guess...

Last thought - I sold a Sup Smiting for a reasonable (at the time) 30K to some poor chap about 30mins before the price crash.

the idea was to allow those that wanted to get it to USE to have the opportunity. the people that did buy it mostly did it for the sole purpose of driving the price WAY WAY up so they could sell it go for ungodly prices again... That is why I was upset. Sure I got what I wanted but now all these exploiters are abusing the system again. Best advice Don't buy from people anymore. Force them to resell to the NPC to get rid of them, and then, ONLY then, will you see the prices come back down... I think in the end it will fix itself this time as long as people do that...

last update also increased the drops of ecto in underworld. so at least that was a HUGE plus...

My feelings exactly.

First off, all those who bought up all the Ectos. OK - they will make money when they sell back to the trader, but no gamer is going to want to buy 200 ectos from another player, particularly if they know that the seller is just taking advantage of a game glitch during the price pdate.

Secondly, those people who bought Ectos are not, at the moment, uber rich. All they've done is to invest in a commodity. This doesn't guarantee anything (although admittedly, it's a dead cert!).

Who knows? Maybe in the next update, Anet might change the materials needed for fissure armour from Ectos to some other rare commodity according to scarcity, or even better, how about this? Anet implement a bot that adjusts the quantity and type of rare materials for Fissure armour over time? This way, both the commodity market (and the trading gamers) benefit as all rare items may find themselves in the limelight, not just constantly Ectos - what about Sapphires or Spiritwood, vials of ink etc? It keeps gamers on their toes, introduces more interest and variety into the market, evens out the fairness of the whole "200 ectos for 20k" buyer trend, for those who missed out and are angry, and improves the whole commodity trading thing.

I thought the whole point of this update was to stem the rapidly rising prices on items? NICE JOB ANET. You managed to have items disappear from stock in less than one day's time so there's no prices AT ALL to even compare them with, and players can sell them for what they were going for before this so-called update. Prices are right back up to where they were, in no time at all.

Why the hell did they reset the prices? Just fix the damn buyback prices, not the original selling prices. Let the people who already had the surplus make the coin (from the more generous traders). You let NEW people get surpluses, which makes the economy even worse than before. I do agree with alot of the people here though, in that the economy probably will sort itself out in time. Just could've done without the idiotic slip-up.

On a smaller scale, this update did fix the common material buyback prices. I was routinely getting 8g per on iron ingots from the trader today (fair price) and over 10g each on wood. Also got 10g on bolts of cloth, etc. I can actually make some decent coin from hoarding common materials now without having to spam WTS in Droknar's for half an hour.

if people stopped moaning about everything all the time ANET wouldn't be making such drastic measures in a fit of panic to quieten down the fansite moaner mobs.

As for the rich people going to get the fisure armour, it's not as easy as they might hope; several times in the Temple of Ages I have had rich people (usually farmers, UW soloers, or eBay golders) message me asking if I can take them to the forgemaster, of course, being an upstanding citizen, I refuse

Soloing the Fissure with the Mo/W would be very difficult, as many fissure mionsters have enchant strips and energy drains.

To get to the armourer quickly you need to finish the 'Tower of Courage', 'the Eternal Forgemaster', 'Defend the Temple' of war and 'Restore the Temple of War', and these aren't easy quests. For this, you have to fight your way through about thirty shadow mobs, ten skeleton mobs, and a hundred spiders and dryders. If you don't have a good group, you won't make it past the shadows, and if you don't have a VERY good group, the skeletons will rape you.