GW Stock Market Crash!

I'm a GW stock trader in materials and runes. I always had a nice mixed holdings of materials and runes bought when their prices were down. Makes between 10-40K per day without having to spend much time playing! But after the patch, the market crashed! The ratio of NPC selling and buying went way up! Superior sword runes sold in the market for 2.5K gets bought back into the market for less than 500 at the same instant! Any other stock traders feeling the crash and can't unload tonnes of runes/materials?

Dyes haven't gone down from what I've heard. And superior vigors and absorbions are still expensive.

Yep look at black dye. Was being sold by trader for 8K+ but olny being bought for about 4.5K.

EDIT: THe cost to buy them didn't decrease olny the price that the trader payed for them went down.

Not only that but they are paying 1gp for most dye!

Will I bother to pick up anything BUT black dye from now on?

This is insane, we need a minimun price for rune and dye or the NPC trader system will fail since noboby is going to bother with runes and dyes unless its black dye, vigor and absortion runes.

Hmm... maybe they just flushed the market this time. Maybe reset the amount for all stock? Hopefully the buying price will go back up when the demand brings it bak?

...

Then again, probably not. The selling price is still high up there.

One good thing is it will probably curb inflation by alot. Maybe forcing people to sell stuff for cheaper at Lions Arch?

It will have a worst effect.

Few people bother with dyes, they rarely drop and are worth crap now for the trader, most people avoid dye their items until they reach their ultimate armor/weapons.

Also there is pre-searing dye farming.

Runes are worth crap now, a lot because the HP penality they have on major and superior and nobody wants anything but vigor and absortion andince ninor runes have became so common and cheap everyone simply buy then and sell then to the NPC trader.

About a month ago people were swimming in money since farming was easy and prices were good, now farming is dificult (since there are no good spots) and prices are junk and that leads to even more grind.

Most people dont want to trade, trading is anoying in this game because most people rather farm later areas and hope that going to trade with others, besides in order to be a trader you end up being next to a merchant and flood the trade channel with your sale pitch.

If this keep up the persons that win are the online gold sellers.

Stop your damn whining. Finally A net fixed this so everything works fine now. It was because of people like you guys that the prices were so high in the first place.

Now that I thought about it, it will make prices even higher. Simple logic here. Supply and Demand. On the Supply side, with buying prices so low, people will be less inclined to sell their stuff to the market and more likely to store it and sell it directly to other players. (Really, u found that superior Fire rune and u wanna sell it to NPC for 200G?) On the Demand side, well, the Demand for stuff will always remain constant. So when u put things together. Constant Demand and a Decrease in Supply, you get price hikes. That's how the free market works. We could see the cost of market stuff jump even higher... unless the Devs artificially inject supply into the market.

This fix just raises prices over time. With the horrible low amount of money the trader is wiling to pay for, say black dye (pays like 4.5K for a dye he sells for 8K or at 56% of their value), no one with the item will sell to the trader. The traders buying price doen't set the player-to-player tradeing market the traders selling price does that and with the huge difference no one sells to the trader. Imagine it this way: You find a black dye, the trader is at the previously stated numbers for buy/sell and with with 5 miniutes of effort you can sell that black dye for 5.5K. You make 1K more and the dye trader never sees any of this transaction. Now I have lots of gold to spend and decide to buy black dye. I am willing to pay the 8K per dye and not have to wait an instante to get it. The price of the dye increase. Now you find another black dye. The trader is selling for 10K now and will buy for 5.5K, with a few miniutes of effort you can sell that dye for 6.5 to 7K. The cycle continues with the inflation steadly rising the price but with ANets continued nerfing of the farming spots most people lose the way that they were making money. This reduces the number of people who can afford these items and people start calling for a lower price on the items. This is were ANet messes up.

Instead of making people want to sell to the trader they end up with no one selling to the trader and the prices going higher again. To fix the economy all ANet has to do is make traders buy from players for 80%-90% of the price they sell for. With that small a difference there is no real incentive to trade this item between players. (I can sell black dye to the trader for 9K and players can buy it for 10K from him/her, if it takes me 10 miniutes to sell the dye for 9.5K then I have lost money (you can farm more than 50 gold a miniute)) With players now seling to the trader because the price vs. time required is greater than what they can get with selling to other players. The more dyes sold to the trader the lowere the price to buy them. This iss the same type of cycle previously mentioned exccept decreasing instead of increaseing the cost of items.

Sorry for the long post. Hope it made since. Read the whole thing before commenting on it though.

Beat me to it but just because mine was a more indepth explantion.

I liked it better when the trader bought stuff anywhere from 75-85% of its sell price =/

^^
Yes I did to but that was like 3 updates ago. In the last 2 it was like that until an item was worth over about 4K and then it steadily decreased but now well... its pretty bad.

Wooh! Nobody's buying from traders!

Inflation for the win!

It is good

Nowadays I just sell for otherwise rip off prices and just point to trader pricing as a reference..

Well, since the trader is trying to rip me by offering 30g for steel that he himself sells for 295, then let rip!

I'm just curious: What is it with black dye?
Does it give any supernatural powers?
Does it increase armor or anything?
Does it do anything but look stupid?

Warrior Rune of Superior Strength costs 62k, higher than the Superior Vigor rune. Is that normal? o.x

No system is perfect. The original system created wealth inbalances with economically minded people making millions who could easily blow 100K on a bow string and the regular players who goes through the trouble of farming to provide goods for us market players to take advantage of in the market. I'm not suprised that most players who played for months still had a bank account of less than 100K while a few of us hovers well over the million G mark.

The new system was probably an "communist" attempt to level the field a bit. Kinda like making the market government controlled and remove the source of income for the Burgeoise. But like many ideology ideals, ideologies don't always work exactly in reality.

It's good though that GW continue to try find new methodes of doing things. Hopefully there's a perfect economic solution for GW and we can all adopt it into real world economy one day!

its ridiculous

if they continue nerfing, im gonna NERF my account!

i used to be able to sell runes / weapons / whatever and make 50k plus a day, got up to 500k... now.. im spending my money and not able to sell stuff due to farming, and loot decrease.. and to play the material market is too risky now

WTF arena... stop taking the fun otta the game, were not all playin for PVP

DAMN IT

Alas, we have already seen the reprocussions of this new "communist" regime. Inflation runs rampant. Pretty soon, u'll have to shell out 20K for a minor Fire rune.

Last price check. Rune of Superior Absorbtion reached 75K mark. Can somebody find out how much the market is buying them for?