Payment in ectos - Guild Wars Forums

Zguba · Jan 02, 2010, 08:30 PM // 20:30

Ty for answers.

Dzjudz · Jan 02, 2010, 08:42 PM // 20:42

Logic in Guild Wars is not always present.

Saph · Jan 02, 2010, 09:01 PM // 21:01

People are greedy, especially for virtual gold.

x sithis x · Jan 02, 2010, 09:02 PM // 21:02

power traders are like ehhh hmmm ima get ectos at 4.4k & sell at 8k thats almost 50% profit ... WOOOO

Turk The Legendary · Jan 02, 2010, 09:24 PM // 21:24

the price of ectos has never changed how many ectos an item goes for

Zead · Jan 02, 2010, 09:32 PM // 21:32

items usually have a set price in ectos...
its like in real life. even if the currency loses value, most of the stuff still has the same price

drkn · Jan 02, 2010, 09:39 PM // 21:39

and because the ectos raise is caused by both speculation and inflation

Zguba · Jan 02, 2010, 09:43 PM // 21:43

ty for replies

Braxton619 · Jan 02, 2010, 10:35 PM // 22:35

1. People are stupid. They have never heard of math before.
2. People are greedy about their fake money.

stanzhao · Jan 03, 2010, 12:50 AM // 00:50

Quote:

Originally Posted by x sithis x

power traders are like ehhh hmmm ima get ectos at 4.4k & sell at 8k thats almost 50% profit ... WOOOO

math is also not present :P

Fanita · Jan 03, 2010, 01:06 AM // 01:06

Quote:

Originally Posted by x sithis x

power traders are like ehhh hmmm ima get ectos at 4.4k & sell at 8k thats almost 50% profit ... WOOOO

I think you mean close to 100% profit?

Zebideedee · Jan 03, 2010, 01:14 PM // 13:14

Probably because most people with lots of ecto's can only count up to 8, math simply boggles there wasted braincells. When their parents say I'm off to work they prolly wonder what build they're running!

Quaker · Jan 03, 2010, 04:18 PM // 16:18

Because people will charge what people will pay.

Yasmine · Jan 03, 2010, 04:23 PM // 16:23

Quote:

Originally Posted by Zead

items usually have a set price in ectos...
its like in real life. even if the currency loses value, most of the stuff still has the same price

This doesn't fully make sense for such things as ambraces as they have an ecto value (which I heard stayed pretty much the same with the ecto raise) but also the monetary one, as pple use money to buy gems and an ambrace requires a fixed number of gemsets (and the price of gems didn't raise with ectos).

drkn · Jan 03, 2010, 07:47 PM // 19:47

...and armbraces actually dropped from ~48e to as low as even 39e.

Yasmine · Jan 03, 2010, 07:58 PM // 19:58

Quote:

Originally Posted by drkn

...and armbraces actually dropped from ~48e to as low as even 39e.

Uhm, I saw some armbraces for around 45-46e august when ectos were around 4.4k, now ectos are around 7k (at least saw some pple buy and sell at similar price today in kamadan), so armbraces should have dropped to around 30e (maybe there is another reason for the raise though, I confess I'm not much in trading).

Yawgmoth · Jan 05, 2010, 05:34 PM // 17:34

Please note that gold itself is becoming less and less of a real currency and ectos simply replace it as a currency in player-player transactions. Plenty of high-end traders in game and here on guru don't accept gold at all, only ectos.
GW Gold is going the way of Diablo2 gold, although still far far away from it, and the reasons are simple - the gold caps of 100k/char 1000k/chest are very very low (a whole account can hold not really more than mere 1 stack of ectos worth of gold) and and even if you manage to store millions of gold, you can't easily spend it (100k trade cap) and there's nothing in the game that requires spending a large sum of gold (like a couple hundred plat), that can't be bought from other players if you pay in ectos.
That's why prices of items usually traded in ectos only don't adjust or adjust very slowly to changing gold value of an ecto glob.
Armbrace of Truth is an exception because it's made from Gems/Gemsets which are still traded in gold primarily.

impulsion · Jan 05, 2010, 05:38 PM // 17:38

Quote:

Originally Posted by Yasmine

Uhm, I saw some armbraces for around 45-46e august when ectos were around 4.4k, now ectos are around 7k (at least saw some pple buy and sell at similar price today in kamadan), so armbraces should have dropped to around 30e (maybe there is another reason for the raise though, I confess I'm not much in trading).

Gemset prices rose from ~15k to ~20k, armbrace price dropped from ~50e to ~40e

Yasmine · Jan 05, 2010, 06:49 PM // 18:49

Quote:

Originally Posted by impulsion

Gemset prices rose from ~15k to ~20k, armbrace price dropped from ~50e to ~40e

Ah, i see, that make sense.

imnotyourmother · Jan 05, 2010, 07:55 PM // 19:55

there is one way to solve all of this.

TRADE IN LOCKPICKS.

Because the Lock Picks are a FIXED price of 1500 at the trader and 1250 from other players and 1200 from towns in faction the price of something will only varry by 50 gold per lockpick.

So, if and armbrace was 44e when the cost was 4.4K/e then the price is 193,600g or 155 lockpicks.

Because the ectos are now 15/100K or 6,666g each then the cost of the armbrace has increased by 33% from 194K to almost 300K.

that is a substantial gain for those who have ectos and a major hit to those that were not buying all the ectos they could at 24/100K like I was doing.

So if people were to pay in Lockpicks at the set price of 200K for the Armbrace then the number of keys needed would be a FIXED amount cause you can BUY them from the people that OWN towns.

so you would need 160 lockpicks 1 year ago and the same 160 lockpicks now

Once Shadow Form and Ray of Jug get nurfed I think that you might see ectos go for 10-12 for 100K

Jan 02, 2010, 08:30 PM // 20:30	#1
Zguba Ascalonian Squire Join Date: Apr 2009	Payment in ectos Ty for answers. Last edited by Zguba; Mar 28, 2010 at 10:08 AM // 10:08.. Reason: Answered

Jan 02, 2010, 08:42 PM // 20:42	#2
Dzjudz Furnace Stoker Join Date: Jun 2005 Guild: gwpvx.com/user:dzjudz	Logic in Guild Wars is not always present.

Jan 02, 2010, 09:01 PM // 21:01	#3
Saph Lion's Arch Merchant Join Date: Feb 2009 Profession: R/	People are greedy, especially for virtual gold.

Jan 02, 2010, 09:02 PM // 21:02	#4
x sithis x Frost Gate Guardian Join Date: Jun 2009 Guild: [Pro] Profession: N/	power traders are like ehhh hmmm ima get ectos at 4.4k & sell at 8k thats almost 50% profit ... WOOOO

Jan 02, 2010, 09:24 PM // 21:24	#5
Turk The Legendary Wilds Pathfinder Join Date: Sep 2009 Location: Fissure of Woe Guild: Club of A Thousand Pandas [LOD???] Profession: W/	the price of ectos has never changed how many ectos an item goes for

Jan 02, 2010, 09:32 PM // 21:32	#6
Zead Frost Gate Guardian Join Date: Dec 2008 Profession: R/	items usually have a set price in ectos... its like in real life. even if the currency loses value, most of the stuff still has the same price

Jan 02, 2010, 09:39 PM // 21:39	#7
drkn Forge Runner Join Date: Jan 2009 Location: Wroc??aw, Poland Guild: Midnight Mayhem Profession: Me/	and because the ectos raise is caused by both speculation and inflation

Jan 02, 2010, 09:43 PM // 21:43	#8
Zguba Ascalonian Squire Join Date: Apr 2009	ty for replies

Jan 02, 2010, 10:35 PM // 22:35	#9
Braxton619 Desert Nomad Join Date: Jul 2008 Profession: A/W	1. People are stupid. They have never heard of math before. 2. People are greedy about their fake money.

Jan 03, 2010, 01:14 PM // 13:14	#12
Zebideedee Jungle Guide Join Date: Sep 2007 Location: 55?? 57' 0" N / 3?? 12' 0" W Profession: N/Me	Probably because most people with lots of ecto's can only count up to 8, math simply boggles there wasted braincells. When their parents say I'm off to work they prolly wonder what build they're running!

Jan 03, 2010, 04:18 PM // 16:18	#13
Quaker Hell's Protector Join Date: Aug 2005 Location: Canada Guild: Brothers Disgruntled	Because people will charge what people will pay.

Jan 03, 2010, 07:47 PM // 19:47	#15
drkn Forge Runner Join Date: Jan 2009 Location: Wroc??aw, Poland Guild: Midnight Mayhem Profession: Me/	...and armbraces actually dropped from ~48e to as low as even 39e.

Jan 05, 2010, 05:34 PM // 17:34	#17
Yawgmoth Furnace Stoker Join Date: Apr 2005	Please note that gold itself is becoming less and less of a real currency and ectos simply replace it as a currency in player-player transactions. Plenty of high-end traders in game and here on guru don't accept gold at all, only ectos. GW Gold is going the way of Diablo2 gold, although still far far away from it, and the reasons are simple - the gold caps of 100k/char 1000k/chest are very very low (a whole account can hold not really more than mere 1 stack of ectos worth of gold) and and even if you manage to store millions of gold, you can't easily spend it (100k trade cap) and there's nothing in the game that requires spending a large sum of gold (like a couple hundred plat), that can't be bought from other players if you pay in ectos. That's why prices of items usually traded in ectos only don't adjust or adjust very slowly to changing gold value of an ecto glob. Armbrace of Truth is an exception because it's made from Gems/Gemsets which are still traded in gold primarily.

Jan 05, 2010, 07:55 PM // 19:55	#20
imnotyourmother Desert Nomad Join Date: Mar 2008 Location: in a house Guild: The Knitters Guild Profession: W/R	there is one way to solve all of this. TRADE IN LOCKPICKS. Because the Lock Picks are a FIXED price of 1500 at the trader and 1250 from other players and 1200 from towns in faction the price of something will only varry by 50 gold per lockpick. So, if and armbrace was 44e when the cost was 4.4K/e then the price is 193,600g or 155 lockpicks. Because the ectos are now 15/100K or 6,666g each then the cost of the armbrace has increased by 33% from 194K to almost 300K. that is a substantial gain for those who have ectos and a major hit to those that were not buying all the ectos they could at 24/100K like I was doing. So if people were to pay in Lockpicks at the set price of 200K for the Armbrace then the number of keys needed would be a FIXED amount cause you can BUY them from the people that OWN towns. so you would need 160 lockpicks 1 year ago and the same 160 lockpicks now Once Shadow Form and Ray of Jug get nurfed I think that you might see ectos go for 10-12 for 100K