guild wars economy? - Page 2 - Guild Wars Forums

VoodooNemesis · Oct 14, 2009, 01:41 PM // 13:41

Quote:

Originally Posted by kupp

I'm posting on this thread just to say how much this post made me laugh.

Yeah ive been playing a couple weeks now and ive never seen this economy they talk of.

Eve does have one you can see what prices are in certain areas and so on this game ive not ever seen anything

Searched wiki and it says something about Gold sinks, more like they alter the prices sucking figures out of there thumbs no real economy

BrettM · Oct 14, 2009, 03:53 PM // 15:53

Quote:

Originally Posted by Zebideedee

Maybe the community should stop worshipping the ecto?

That's going to be difficult considering that it is required for trades over 100k and storage of wealth over 1000k. There aren't many alternatives once you've maxed out your gold storage, and ectos are probably the easiest for most people to acquire. What would you suggest instead?

Curo · Oct 14, 2009, 04:05 PM // 16:05

Quote:

Originally Posted by VoodooNemesis

Yeah ive been playing a couple weeks now and ive never seen this economy they talk of.

Eve does have one you can see what prices are in certain areas and so on this game ive not ever seen anything

Searched wiki and it says something about Gold sinks, more like they alter the prices sucking figures out of there thumbs no real economy

An economy is not something you can see. Where there is a market, a demand, and a supply, there is an economy.

I played GW for over a year before I started getting into this kind of stuff, so you may find yourself overwhelmed if you try to start now.

Immaculacy · Oct 14, 2009, 08:16 PM // 20:16

Quote:

Originally Posted by AlsPals

Man, when that nerf finally does come, I may have to stop playing GW2 to see how the old game fares.

+12 internets to you, sir.

S_Serpent · Oct 16, 2009, 01:02 PM // 13:02

Still so many don't wanna realise gw is dead, there is no need for a fix to make the economy better or worse.

The most off us all are just waiting for GW2!

I playing in the beginning days of GW and I'm still here, and so what that ecto's (or item x) cost +15k in the beginning and dropped to 4-5k now.

To many peeps are complaining just because the feel they had to work more to get certain benefits (let me rephrase the last word: looks).
lol it are just pixels even most obby armor skins suck imo but that is just personnal flavor.

Stop whining about your so called leetness and how its now so much easier to attain. Like you in your black armor are so called way better then player z in his red-purple combo. If a.net would have put in gold dye and made it 10 times more rare, you would see so all de black armors disappear and seeing gold armors in its place, I lol at you all simple sheep following the pack.

We've gotten 2 more campaigns along the way and an expansion, I'm happy I could enjoy those and a.net got my money for it. Real life money, not some virtual cash that is worth nadda!

isildorbiafra · Oct 16, 2009, 01:57 PM // 13:57

It all fits into my prophesized belief that the economy is (broken) where anet wants it to be to ensure we all move on to bigger and better things (purchases) upon wg2 release!

Curo · Oct 16, 2009, 02:05 PM // 14:05

Serpent, this is a practical analysis of the economy, not a rant about prices or anything. While some people are only interested in complaining, some of us actually like to sit down and look at how the economy works, and parallels that of a "real" economy. That's all it is; an analysis.

imnotyourmother · Oct 16, 2009, 02:47 PM // 14:47

Ok lets back up a second and look at the actual question.

"if your gw gold gets you more isnt the economy good?" is the original question posed by TTM.

Yes it is good...if you collect..GOLD.

Most people do not collect gold as your ability to hold infinite gold is not a reality in GW. If the game was the same as say, Mafia Wars, then your statement would be true. However, people are "banking" on ectos and shards and keys to maintain a certain value like say GEOI Stocks (GeoResources, Inc. (Public, NASDAQ:GEOI).

So, your chest can only carry 1,000,000 gold and your characters only can carry 100,000 gold. If you wanted to buy a 100 ectos of Obsidian Armor you would need 400,000 gold at 4K. However you can only carry 100,000 gold so you would need to trade 4 times for the ectos. this makes perfect sense.

If the cost of the ectos was say 4600 gold then you would need to throw in another 600,000 gold raising the price for which you are going to USE the ectos to purchase an item. This IS the way the game was intended to be played.

But lets say that you are saving up for the Obseeeeeen armor at a whopping cost of 1,000,000 gold and you just started to play and have just reached your cap of 100,000 gold on your player.

You could "Bank" the 100K in your chest or you could go and buy ectos. Lets say you buy them at 4.2K. So you start farming. lets say you are a monk and only need 4 pieces of armor to get your set of Obsidian armor cause its cheaper than war.

You go and get yourself 90 Ectos and the price is up to 4.6 ectos. You could sell your ectos for 378K and hope that the price went down to 3.8k making 36K and getting 9 free SHARDS cause you need shards for your armor as well.

This is good but this is also bad and why you hear so many people complain about the cost of ectos going down and then propping up the price.

People that Farm the ectos and have stacks of ectos have a very real concern about the loss of wealth. Just like President Obama adding 1 Trillion Dollars to the National Dept every year for 10 years with this new heath care bill in the US. The Heath Care will not be implemented for 5 years but taxes will be gathered to pay for the bill NOE so that in the following 5 years of taxs they have collected to pay for the next 5 years so that in 10 years time there will be 1/2 the amount of taxes gathered to pay for the bill.

These funds are going to be used to reconstitute Medicaid and Medicare that are causing 2.2 Trillion in deficit every year to the bill. In Feb when the almost 800 Billion dollar stimulus passed they changed the amount that the National debt could increase to 15 Trillion so they can pass health care reform cause the cost of health care reform will Far Exceed the previous legal amount of the dept. (didn't know there was a limit to the amount of debt constituted by the US law did you??? No?? Cuase people do not read the bill!!)

So, if you have gathered 10 stacks of ectos or 2,500 of them and then the price drops from 4.2K to 4K your net worth has dropped 500,000 just because of a 200 gold drop. So you have to farm another 115 ectos to regain your wealth. This is a deflation of your wealth.

The reverse also holds true. If the price goes up you make more gold. You can sell your ectos for the inflated price and then wait for a decrease in price and by more ectos.

This works just like stocks. Lets take GEOI stock. (this is actual stock traded on the market today)

If you look at the starting price of the stock and waited until 9:30 ish and purchased that stock for 11.85/share yesterday and set the stock to sell for 11.95 (it hit that at 11:20) then you would have made 10 cents per share. Being a day trader - to hold stocks over night - takes 25K in shares. I bought 2100 shares and in 2 hours I made 210 bucks.

I was in and out of the market in just under 2 hours and I made more money than most people make in 2 days. I do this regularly only my profits are mixed because if the cost of the shares goes up, I make less money cause I can buy less stock to make my dime or 15 cents. So the stock closed at 12.00 and this morning at 9.30 it fell (like it always does at 9:30 for some reason) to 11.94. It took me only 30 minutes to make my dime. But today I only made 209.00 so I lost out on 10 shares.

So as you can see I have been doing this for a long time but I NEVER hold stock past noon. Cause its volatile.

there are others that will buy ectos from the trader to stabilize its fall and thus influence the cost of the ectos maintaining their wealth and stabilizing the market.

Right now the US gov is making money to buy back money to try and keep the US dollar from Plummeting any further. The result of the Treasury's action has cause OIL to increase to over 75 bucks a barrel and it will continue to rise as the dollar falls.

This is a catch 22 cause as the dollar falls the dept increases but we print more money which causes inflation and oil goes up. So this is what is called the Spiral effect and the only recourse for the fed is to increase interest rates.

Watch and see the rates go up if Timothy Geithner has the nuts to do it.

Does this make sense or is this just a game?

S_Serpent · Oct 17, 2009, 07:44 AM // 07:44

Quote:

Originally Posted by Curo

Serpent, this is a practical analysis of the economy, not a rant about prices or anything. While some people are only interested in complaining, some of us actually like to sit down and look at how the economy works, and parallels that of a "real" economy. That's all it is; an analysis.

For the analysis part I can understand it, and will apologies if I came over ranting, its not ment as such.
But please read all replies and you will notice not all are just putting an analysis on the OP's question.

Ingame way to many peeps take gw economic way way way too serious. So what if ecto go 2k within another year. Will this make you have less fun playing the game?

So plz see my replies as a reflection about gw's economics compared to what gw fun you can / can't have.

obsidian ectoplasm · Oct 17, 2009, 10:35 AM // 10:35

Quote:

Originally Posted by AlsPals

Man, when that nerf finally does come, I may have to stop playing GW2 to see how the old game fares.

hahhaha good post

HawkofStorms · Oct 17, 2009, 03:59 PM // 15:59

The one real good plus about the massive deflation that has occurred and the incrediably influx of weapon mods (vaettirs, raptor farms) and tradable good into the economy (z-keys from RR, XTH, travellers) is that it basically kills the gold seller/botter problem. Gold seller companies have been abadoning GW in mass. In part because there aren't as many customers who need their services. In part because many of the best farms require too many games to buy (which makes real money trading unprofitable).

But mostly, the deflation in the market has made gold seller bots completely unprofitable as they can't make enough money fast enough to offset the costs. One sign an economy of a popular game is really good (like Eve where the market is too big for these companies to control it) or really bad (like GW with its deflation) is when the people who make a living in RL exploiting that economy leave the game. Ironically, gold sellers, who everybody HATES, are actually good measuring sticks for when a game is in trouble.

Oct 16, 2009, 01:02 PM // 13:02	#25
S_Serpent Wilds Pathfinder Join Date: Feb 2006 Location: When not at Aziure's Wizard Tower you can find my in Belgium Guild: Knigths of the Keyboard Order - KkO	Still so many don't wanna realise gw is dead, there is no need for a fix to make the economy better or worse. The most off us all are just waiting for GW2! I playing in the beginning days of GW and I'm still here, and so what that ecto's (or item x) cost +15k in the beginning and dropped to 4-5k now. To many peeps are complaining just because the feel they had to work more to get certain benefits (let me rephrase the last word: looks). lol it are just pixels even most obby armor skins suck imo but that is just personnal flavor. Stop whining about your so called leetness and how its now so much easier to attain. Like you in your black armor are so called way better then player z in his red-purple combo. If a.net would have put in gold dye and made it 10 times more rare, you would see so all de black armors disappear and seeing gold armors in its place, I lol at you all simple sheep following the pack. We've gotten 2 more campaigns along the way and an expansion, I'm happy I could enjoy those and a.net got my money for it. Real life money, not some virtual cash that is worth nadda!

Oct 16, 2009, 01:57 PM // 13:57	#26
isildorbiafra Krytan Explorer Join Date: Aug 2007 Location: The Netherlands Profession: W/	It all fits into my prophesized belief that the economy is (broken) where anet wants it to be to ensure we all move on to bigger and better things (purchases) upon wg2 release!

Oct 16, 2009, 02:05 PM // 14:05	#27
Curo Lion's Arch Merchant Join Date: Jul 2007 Location: GMT-5 Guild: Liars, Cheats and Thieves [Liar] Profession: Mo/	Serpent, this is a practical analysis of the economy, not a rant about prices or anything. While some people are only interested in complaining, some of us actually like to sit down and look at how the economy works, and parallels that of a "real" economy. That's all it is; an analysis.

Oct 16, 2009, 02:47 PM // 14:47	#28
imnotyourmother Desert Nomad Join Date: Mar 2008 Location: in a house Guild: The Knitters Guild Profession: W/R	Ok lets back up a second and look at the actual question. "if your gw gold gets you more isnt the economy good?" is the original question posed by TTM. Yes it is good...if you collect..GOLD. Most people do not collect gold as your ability to hold infinite gold is not a reality in GW. If the game was the same as say, Mafia Wars, then your statement would be true. However, people are "banking" on ectos and shards and keys to maintain a certain value like say GEOI Stocks (GeoResources, Inc. (Public, NASDAQ:GEOI). So, your chest can only carry 1,000,000 gold and your characters only can carry 100,000 gold. If you wanted to buy a 100 ectos of Obsidian Armor you would need 400,000 gold at 4K. However you can only carry 100,000 gold so you would need to trade 4 times for the ectos. this makes perfect sense. If the cost of the ectos was say 4600 gold then you would need to throw in another 600,000 gold raising the price for which you are going to USE the ectos to purchase an item. This IS the way the game was intended to be played. But lets say that you are saving up for the Obseeeeeen armor at a whopping cost of 1,000,000 gold and you just started to play and have just reached your cap of 100,000 gold on your player. You could "Bank" the 100K in your chest or you could go and buy ectos. Lets say you buy them at 4.2K. So you start farming. lets say you are a monk and only need 4 pieces of armor to get your set of Obsidian armor cause its cheaper than war. You go and get yourself 90 Ectos and the price is up to 4.6 ectos. You could sell your ectos for 378K and hope that the price went down to 3.8k making 36K and getting 9 free SHARDS cause you need shards for your armor as well. This is good but this is also bad and why you hear so many people complain about the cost of ectos going down and then propping up the price. People that Farm the ectos and have stacks of ectos have a very real concern about the loss of wealth. Just like President Obama adding 1 Trillion Dollars to the National Dept every year for 10 years with this new heath care bill in the US. The Heath Care will not be implemented for 5 years but taxes will be gathered to pay for the bill NOE so that in the following 5 years of taxs they have collected to pay for the next 5 years so that in 10 years time there will be 1/2 the amount of taxes gathered to pay for the bill. These funds are going to be used to reconstitute Medicaid and Medicare that are causing 2.2 Trillion in deficit every year to the bill. In Feb when the almost 800 Billion dollar stimulus passed they changed the amount that the National debt could increase to 15 Trillion so they can pass health care reform cause the cost of health care reform will Far Exceed the previous legal amount of the dept. (didn't know there was a limit to the amount of debt constituted by the US law did you??? No?? Cuase people do not read the bill!!) So, if you have gathered 10 stacks of ectos or 2,500 of them and then the price drops from 4.2K to 4K your net worth has dropped 500,000 just because of a 200 gold drop. So you have to farm another 115 ectos to regain your wealth. This is a deflation of your wealth. The reverse also holds true. If the price goes up you make more gold. You can sell your ectos for the inflated price and then wait for a decrease in price and by more ectos. This works just like stocks. Lets take GEOI stock. (this is actual stock traded on the market today) If you look at the starting price of the stock and waited until 9:30 ish and purchased that stock for 11.85/share yesterday and set the stock to sell for 11.95 (it hit that at 11:20) then you would have made 10 cents per share. Being a day trader - to hold stocks over night - takes 25K in shares. I bought 2100 shares and in 2 hours I made 210 bucks. I was in and out of the market in just under 2 hours and I made more money than most people make in 2 days. I do this regularly only my profits are mixed because if the cost of the shares goes up, I make less money cause I can buy less stock to make my dime or 15 cents. So the stock closed at 12.00 and this morning at 9.30 it fell (like it always does at 9:30 for some reason) to 11.94. It took me only 30 minutes to make my dime. But today I only made 209.00 so I lost out on 10 shares. So as you can see I have been doing this for a long time but I NEVER hold stock past noon. Cause its volatile. there are others that will buy ectos from the trader to stabilize its fall and thus influence the cost of the ectos maintaining their wealth and stabilizing the market. Right now the US gov is making money to buy back money to try and keep the US dollar from Plummeting any further. The result of the Treasury's action has cause OIL to increase to over 75 bucks a barrel and it will continue to rise as the dollar falls. This is a catch 22 cause as the dollar falls the dept increases but we print more money which causes inflation and oil goes up. So this is what is called the Spiral effect and the only recourse for the fed is to increase interest rates. Watch and see the rates go up if Timothy Geithner has the nuts to do it. Does this make sense or is this just a game?

Oct 17, 2009, 03:59 PM // 15:59	#31
HawkofStorms Hall Hero Join Date: Aug 2005 Profession: E/	The one real good plus about the massive deflation that has occurred and the incrediably influx of weapon mods (vaettirs, raptor farms) and tradable good into the economy (z-keys from RR, XTH, travellers) is that it basically kills the gold seller/botter problem. Gold seller companies have been abadoning GW in mass. In part because there aren't as many customers who need their services. In part because many of the best farms require too many games to buy (which makes real money trading unprofitable). But mostly, the deflation in the market has made gold seller bots completely unprofitable as they can't make enough money fast enough to offset the costs. One sign an economy of a popular game is really good (like Eve where the market is too big for these companies to control it) or really bad (like GW with its deflation) is when the people who make a living in RL exploiting that economy leave the game. Ironically, gold sellers, who everybody HATES, are actually good measuring sticks for when a game is in trouble.