Another price reset.

Ok Anet, obviously one of you didnt have the brains to see how many people would go nuts over the low low prices >.O

MANY of us who were not on at the time got super screwed.

Yes I know MANY people have said this but it has to be said AGAIN.

You know whats going to happen a.net, the people that were on at the time and completely bought out the market are going to be the millionares of the game.

They will achieve in just maybe over an hour or so what i still havent achieved in about 2 months now.

Your just creating another big wad of rich people, prices are already rising again and they'll just sell for at least 200% profit... AT LEAST!!!!!!!

So my suggestion... DONT MAKE PRICE RESETS IMPROMPTU!

Make another price reset, BUT FOR THE LOVE OF GOD TELL US WHEN IT IS IN ADVANCE!

,.. what, one more? Has there been one more reset?

You're just another one of the crying noobs simply because you werent on to get Superior Vigor/Absorption for incredibly low prices.

And for the record, I too wasn't on for the price resets.

OMFG STFU with all this "noob" speak!! noob this, noob that...STFU!! it's just like comming back with "your mom" jokes.

YES I AGREE. any time ANYONE gets insulted all they say is "shut up noob" all of a sudden noob is the greatest dis of all time. if some1 thinks theyre better they just say noob and think they win.

"STFU" is just as bad as "n00b", in my opinion.

indeed, but n00b is a bit worse... but not much, not much at all!

Hey man resets happen all the time, altho it would be nice to know ahead of time, even if we were told ahead of time not eveyone who plays could get in to take advantage of it, sometimes your lucky sometimes your not, and if we were told and eveyone could take advantage of it how poor would the economy be then? noone would be able to sell anything, or maybe even need to buy anything?

Now would you NOOBS STFU? SEE I WIN!!!

LMAO j/k

:::End Transmission:::

No. What Anet needs is to go totally communist. Add up all the gold from every player in the game and divide it among every player. Then make everything cost zero gold.

Simply put, people achieved more in 5 minutes than I have in hundreds of hours.

Why didn't they just reset the prices to a normal amount instead of 100 gold for everything?

Or better yet, increase drop rate/drop quality so the market balance gets shifted?

It is annoying to have taken last night off, as has been said, I could have bought enough to make more profit in a few minutes than in 400 hours of play. At the minimum I could have gotten all the superior runes I wanted, and the materials to make some fun armour. Maybe it's whining, but with a bit of a reason - it's like holding a lottery - whoever was on essentially got a huge bonus cash injection, based on how much they already had, since it could only be taken advantage of by those with lots to spend. The rich get richer indeed...

...but they dont. Unlike in life, there is a maximum amount of wealth one can obtain in Guild Wars (1400 plat per account). Once you've gotten there (or even close, really), you must start *giving* things away or just *junking* them.

While the improptu reset may have made some people instantly more wealthy than others, in the long run it doesn't affect anyone at all. Ecto will keep dropping in the game. Runes will keep dropping in the game. Gold will keep dropping in the game. This makes the supply virtually infinite versus a demand that is finite within a closed system (1400 plat ceiling). As the economy extends across time, prices will approach zero. It is not inflation we must worry about in GW, it is deflation.

This was a good fix. Thanks ANET,
CMB

This doesn't really mean anything - the amount of gold in game continues to rise - that causes inflation, as the gold is not used up really, yet the items are. Since the rate at which gold leaves the economy has been lowered (the main way it was leaving was the discrepancy between buying and selling prices at merchants, they've apparently reduce the difference, hence gold leaves slower) there will be inflation. This is because dyes get used, armour gets destroyed/salvage for less than it was made for and so on - but gold sticks around pretty well, it's the materials and so on that are being used up - and if used at a high enough rate (or they are sold and not purchased bak, or the items sell to a merchant rather than a trader) they will no doubt increase once again in value.

Is there a cap on inflation? Yes, 1400 platinum. Nothing can cost more than 1400 platinum, right? Oh wait - it can. Simply take some item (ruby?) and assign it a value of 5000 platinum. After all, that's what happened in D2 - the SoJ became the unit of currency - because gold got so devalued it didn't matter. Nobody cared about gold, you couldn't buy a Shako with any amount of gold. 1400 platinum? Might well be meaningless eventually - now, duping and botting are what allowed it to happen so easily in D2, but I imagine it could happen here too. Eventually transactions could be in terms of some items that fall rarely, and of that item entirely. The item doesn't even need to be useful, merely accepted as currency at which point it IS currency. Hell, nobody can wear 28 SoJs, but that didn't stop them from having them.

I hate to say it, but I think you are wrong - inflation will happen unless something is done to prevent it - fix prices, make the supply not rely on the drops or people can manipulate the economy. The SoJ was the dumbest thing to ever happen, yet even though nobody wanted the SoJs themselves, you would trade for a bunch of SoJs, because it was accepted that those SoJs could be used to trade for what you wanted. In this game Rubies or Sapphires would suffice, as it would have to be an item that was invariable in property or it would vary in value, and it would have to be rare enough that its value was apparent from its rarity.

Well maybe not a price reset, but what about the traders being RESTOCKED!

this is what happens in the real market, the traders get their ware from manufacturers, etc. Then WE the consumer buy it from them.

What A.net has is the traders have their wares and we buy them.. BUT there is no manufacturer to keep giving the trader more items to sell... instead the trader is DEPENDENT on us players to sell our stuff back to them... we are basically the manufacturers =\ but crappy ones we are.

Yawn! I think if I have to listen to this whining, complaining drivel any more..... For the love of god, it's just a game! If you weren't there for the price reset, RELAX! It will happen again. If people like this would stop thier bitching for just one second and think about it they would realize that Anet does things like this for a reason. Anyone ever think that it might, just might have something to do with the next big update? On that note, hey does anyone wanna buy any of the 500,000 sup monk and sup absorb and sup vigors I bought? (j/k it's a game remember?)

WRONG

consider the following in addition to the 1400 platnum

EACH of your 4 characters are loaded down with 45 slots of 250 each slot with a veriety of items including

ectoplasm
shards
rubies
saphires
black ink
other high value stacking rare materials

we are talking a potential of 200 slots with each holding 250 rare material

in addition to the tiny 1400 platnum

at only 5k average that is 250 MILLION PLAT

and there was a screenshot of a filled inventory so it did happen

Yeah, sigh. I sort of feel this way myself. It's a good thing for the economy of the game, but I'm frustrated and sort of sick of ecto being completely sold out, all the time.

Especially when people bought loads of it for like 1k. Oh well.

I don't think they should reset prices again though. That would just cause mayhem again... and I don't really want that.

At least I would like to see an apology from Anet, they really made a mistake on how they pulled this off, turned some into multimillionaires in a few minutes and the rest of us are still stuck with the high prices the next day we come on x.x.

Anet, you screwed up, this could have been done better and you know it, it was almost as if you put no thought and just said "lets just go cold turkey" And it would be nice to have you fess up to your execution of this idea.

How are the rest of us going to catch up to these new quadrillionaires?

A: WE WONT CAUSE F'ED UP!

They're damned if they do and damned if they dont, eh?

I mean its great prices are getting back to normal, but they could have NOT made them all at bottom bottom bottom prices, allowing many to grab their greedy grubby hands on all the good stuff and corner the market >.<.

And I want the deals they got, so i made a thread in the buy sub-forum called "WTB ECTOS! 300g EACH!"

I dont care how long it takes, it will still probably take less time to get them for 300 each than to either level my ranger or make a monk, get the necessary runes and skills, ascend him, farm him, etc.

I dont think ecto and shards will be worth much, I think when sorrow furnace comes out there will be new materials that everyone will be fighting over for. And maybe new armor that will make fissure look like a joke.

I wish world leaders got this kind of leniency.

"Mr. President, it seems the American republic hates you regardless of your differing plans to alter taxes. We feel sorry for you for being blamed to do your job correctly."

Why are you feeling sorry for A-Net? It's not like anyone is sending death threats to them. It is criticism, and, in my opinion, it is well-deserved. It was a sloppy way to "fix" the economy, and saying that A-Net is damned if they do, and damned if they don't, is just a (lousy) excuse for incompetency.

If I quit Guild Wars in spite, perhaps you'd have a point there. But I'm not. I'm loyal to Guild Wars, and the A-Net development team. I forgive them for their mistakes, but yes, it would be nice if they admitted their faults once in awhile. We DID pay 50 dollars for the damned game, after all.

a week ago
players: WTF ANET!!! ECONOMY IS RED ENGINE GORED ENGINE GORED ENGINE GORED ENGINE GOED UP FIX IT NOW!!! TRADERS SUCK!!
this week
players: WTF ANET!!! WHY DID YOU FIX THE ECONOMY?!?!

Why was A-Net in a rush to fix the economy if they didn't have the solution yet, is what I'm asking....

The type of players that WOULD quit this game over a failing economy were the ones who were too rich to care (or perhaps they even enjoyed its downfall), so there was no rush for Guild Wars to fix this bug. As for the players like myself, who are not "rich" in the game, by any stretch of the word, but who realize that the economy is becoming unbearable, well, we were all waiting for A-Net to fix the problem while we passed the time voicing complaints on this very forum, among others. That leaves the extremely poor, which I hope is comprised of mostly new players, who are too broke to realize the economy's current position.

All could have been solved if prices didn't drop so much that several made off like bandits while others just signed off, pissed off.

There should just be a time limit...EVERY TRADER RESTOCKS AT 12 MIDNIGHT!

A thing i fail to understand is simply said... why do you care if others got rich? As long as you can buy for normal prices you really shouldn't care.
And this might just be the first step Arena.net has taken. It might look totally absurd from our point of view but it might be THE solution a few weeks from now. Do we have the (Judges? ) Insight into their plans? We sadly don't have. But we shouldn't just constantly bash them for changing things.

Accept the things how they are, don't get upset about it
If they are really getting out of hand (and one just can't say that after two days...) Arena.net will either take action or we will do ourselves.
Why should i pay 500 platinum for a +30 health upgrade when i can just farm 1000 faction and get it easily from a priest? Does anyone have a counterargument on that?
Some goes for the runes. A full scale PVEer just doesn't require those things to complete the game. While no one can say they don't deserver those are not meant to have those...
The people who REALLY pay those absurd amounts for upgrades are mainly PVPers because they think the little +30 Upgrade is so much superior to their +28 Upgrade they got while playing. It just is not this way

Why make anything cost any amount then? Why not just make the traders give us everything for free. As it stands certain armour styles and colours need a few hundred maybe even a few thousand hours of farming to access. Some people got those things for about half an hour of trading at the reset why should everyone else have to spend a few hundred hours to get the same stuff?

Also the reason to bash A.net is because they managed to take a problem and make it worse instead of implimenting a simple workable solution. They didn't fix the problem and added a new one into the mix. The obvious solution to the economy issue isn't to try and emulate a free market economy but to impliment traders with infinite stocks and fixed prices thus ensuring nobody can screw other players over in order to make more money which is the real cause of the economy troubles. But working that out seems to be beyond the mental faculties of the devs who seem insistent on allowing some players to become rich by jacking up the prices for everyone else. As long as a few people with billions of plat can buy up all the stocks and sell back to other players at increased prices there's always going to be problems with the economy, there's a reason why the real world has monoply laws.

And at least before the patch you could actually buy ecto and superior runes even if they were highly priced. Now you've got to buy off the hoarders and price-gougers. Nice "fix" for the economy.

Umm... did you not read the post you quoted more carefully? He said... if your gold per account is ALREADY MAXED you won't be able to "sell" your items at any price.

You thinking your items are WORTH 5k is meaningless... because you'll never be able to HOLD the 5K IF YOUR GOLD IS ALREADY MAXED!

You need to THINK before you tell someone else they are wrong...

So some people made out like bandits because ANet finally decide to fix what the majority of people were telling them was broken... big deal. I consider them the lucky few who happened to be around when the "fix came in".

Personally, I'd rather see a few people cash in on a sweet situation like this, then have even MORE people get screwed by the previous economy. I mean, how idiotic is it, that a minor vigor rune could go for 2K at the vendor, but we could only sell them to the vendor for 100? I'd have better luck taking a brand new XBox to a pawn shop!

So I say congrats to the people lucky enough to cash in... at least now I don't have to stand in town shouting "WTS RUNES" anymore...

Im sorry all i hear is " IM GREEDY AND I WANT MONEY BECAUSE I DID NOT BUY THIS GAME FOR THE ACTUAL STORY AND GAMEPLAY"

My answer to this... NO... stop being a baby because you missed your chance to be a greedy child in a candy store...

Lots of people got great stuff really cheap...i can see some ebayers losing customers. Good job Anet!

I consider it like some department stores....

Well hey, everybody can use a helping hand now and then, especially us who have good many hours of gaming and are still in the rut.

One main thing I learned is that i have SUCH bad luck with golds that I dont ID them anymore unless I feel its something I may want to use.... like hopefully I'll find a rare righteous maul... or healing anhk.... or bow that gives energy with low reqs O_o.

But unfortunately i dont get great drops or anything truly worth while, best I found for myself was a purple healing ankh... but I dont have a monk weapon i can use with it, so with the build im trying to do its useless by itself.

All i want is just the same deal they got, and im sure others would like that too, I know this isnt real life but DAMN, if something of that happened in real life with people getting rich just cause they were around, I am more than sure there would be hella chaos O_o.

Money is the lifeblood of the world, wether we like to think that or not.

Now I see im rambling, just make one more set BUT! have it shown ahead of time like "august 20th at 11 pm eastern time" or something on the site, or heck even a month from now. Then those who miss it will just be the dummys who never want to look up updates on the site o.o

Lol and whoever said i want money is quite an idiot.

I dont WANT money, I want the deals people got because of the beginning of the reset, thats all, if I wanted money I would be asking for 150k so i can buy about 15 ectos from people, and for some of us, getting 150k takes months, hell the entire time i played and I havent reached 150k with both my characters combined.

Instead they got 15 of them for less than 5k, I can farm that in a few hours if I really try and would be willing to do that.