The impact of the current ecto market on forum trades.

Discuss!

At some point after the most recent patch, the price on ectos and shards nearly doubled. Ectos were being bought at a steady 10k, which was wonderful for folks here conducting trades in excess of 100 platinum; but with the price of ectos now destableized, how will this impact business here?

It gets crazy, people are only focusing on what the price is at one specific moment. People start buying ectos for like 15k, when 12 hours later if they would just wait it goes down to like 10k. It makes it so that when you are selling your items for ectos, you gotta wait till its really low, so you are getting more. But that causes the buyer to lose more ectos, so they want to bid when its high. It makes it difficult to get a striaght price. I would personally like to see it stay at a lower price and not fluctuate as much. Ecto has turned into a new currency, and its making it like insane to get fissure armor these days.

makes me wish I hadda sold em for 15k last night and picked em back up for 10 today

currently at 13k

People who speculate on the market in real life or in a game are generally a crazy lot. Analyzing the market with statistics, SEC filings in front of you, and solid disclosures of accouting principles is one thing. Hoping that ecto hitting 18K means that it will be 18K again tomorrow or 50K in a week and not right back down to 10K (or less) is entirely another thing. People speculating and fretting over a game economy kind of makes me laugh, when a serious planning error like Anet resetting ecto prices to 300 gp each with no limits on purchases can make any idiot an instant virtual millionaire.

The only thing funnier than people speculating on ectos are people speculating on rubies and sapphires. They were up around 10K prior to the SF update, and subsequently crashed burning all those speculators. And they enjoyed a second run-up with the same speculation that drove up the ecto prices over the weekend, but will crash again, and drive up again just before chapter 2 is released, only to crash again as soon as people discover how little value there is in whatever rings/necklaces and other uses Anet decides to implement.

I personally like it, when I solo UW, my ecto are worth more =D