I give up. I can't explain things.
By
Ael Rhiana,
Posted on: 2012-03-28 23:46 in The Market and Inventions
Before converters people threw reward merits from super packs at getting Miracles and drove the price down. Now reward merits get thrown at converters reducing the overall supply of Miracles again while the converters get used on purples and PvPs.
But 800M sounds like an extra 0 error. 
total kick to the gut
This is like having Ra's Al Ghul show up at your birthday party.
I too give up.. I am surprised that converters did not drive the price of things down more and i am shocked and surprised by the rebound so quickly in price of things.
Purples never went anywhere near where i thought they would. In fact the average price of purples i think went up
cause sleep, immob, hold, and confuse went up so much.
And pvp procs the good ones even though they are not off market any longer the price is surprisingly high. in the 400-500 million range.
I was sure they would go to the 80s but clearly i was totally wrong about the market and clearly demand is still huge.
and very rare is well vary rare indeend!
the reason things havent gone the way we expected is because the devs *****'d on enhancement converters and still haven't gotten them available via the other merit types.
I am an ebil markeeter and will steal your moneiz ...correction stole your moneiz. I support keeping the poor down because it is impossible to make moneiz in this game.
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Really? I figured it was because people were keeping all the enhancements the converted to use on current and future characters rather than selling them.
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Originally Posted by Lohenien
the reason things havent gone the way we expected is because the devs *****'d on enhancement converters and still haven't gotten them available via the other merit types.
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(Sometimes, I wish there could be a Dev thumbs up button for quality posts, because you pretty much nailed it.) -- Ghost Falcon
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Little from column A, little from column B.|
Originally Posted by mousedroid
Really? I figured it was because people were keeping all the enhancements the converted to use on current and future characters rather than selling them.
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800M for a Miracle is clearly a typo that was supposed to be 80M. We've all done it, I'm sure, but usually not for such a large amount.
As far as purples, there's still not that many of them coming in to the market via drops to replace the ones that people are buying up for builds. And people are likely buying more of them and faster, since they're half the price they used to be. The PVP procs fell much further, proportionately, because there was a lot more useless crap to feed to the converter-mill, relatively to the number of desirables. Even a *bad* purple is still best-in-slot for plenty of builds. It's not like *nobody* uses Fortunata Hypnosis.
I suspect we'll see another broad correction downward once the converters come in from Astral/Emp/Hero merits, but I expect that the long-term price on purples is probably going to stay at 200-300M, unless there's a change in the drop rate.
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Hi!|
Originally Posted by graystar_blaster
I too give up.. I am surprised that converters did not drive the price of things down more and i am shocked and surprised by the rebound so quickly in price of things.
Purples never went anywhere near where i thought they would. In fact the average price of purples i think went up cause sleep, immob, hold, and confuse went up so much. And pvp procs the good ones even though they are not off market any longer the price is surprisingly high. in the 400-500 million range. I was sure they would go to the 80s but clearly i was totally wrong about the market and clearly demand is still huge. and very rare is well vary rare indeend! |
I seek the rare pearl in and out of game. Now, out of game I do NOT have infinity money, far from it. So I have to budget for that rare book I want or whatnot. In game though, I have billions. They were just sitting there. I had an "internal cap" where I said...not spending more than a billion on anything, but I will sell for that much if I get the item.
So before EC (enhancement converters) went live, I used my Emp Merits to sell Glad Armor Procs for 1.5 billion each (about 3 procs worth). When ECs went live, I bought them at 300-400 mil each. So...I had NEVER seen a Glad Armor proc in my tray outside of someone donating it for a PvP toon. Now I have many of them, which is great! It's great for me because every build will have one. It's great for my friend because his builds will have them. It's great for the Market, I suppose, becaue brisk trading might cause an upward spike in prices as people compete for them.
Win, win, win.
Well, all except those poor Masterminds that aren't paying 50 million for their Soulbound Allegiances anymore.
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I think 200-300M is still where purples will end up. Most of them are generally in that range now already. I can say that the low end purples have gotten steadily tighter. In the first few post-converter days, I scooped up another 100+ low end purples at ~152m per. I was selling converted ones for 275-350m+. Anyhow, this week, I think I've only picked up ~10 at that price. When I look at the last 5s it is clear other people are diving in and realize it is worth buying them up at >150m.
A few in-demand purples are popping over 300 and as high as 400 still. But we still are awaiting the merit fix, which will be a big influence.
Nothing that has happened so far has been at all interesting to me except one thing: the price of "bad" pvp io recipes is "through the roof" to my perspective. Maybe this is a reflection of simply how much demand there is for the procs, but I'm quite surprised to see junk like Gladiator's Net going for 100m. That or people don't realize how "expensive" conversion is.
At 19.5 converters, you are effectively paying ~100m in merits to convert a pvp proc. I don't get why you'd buy for 100m, convert for 100m, in order to sell for ~100-200m in profit, when you could pay an effective ~12.5m in conversion costs on a purple and make ~80m in profit, and do that 9 times for the same merit cost. 720m in profits or 100-200m? Easy choice. I aggressively converted pvp ios the morning converters came out, but I'm not doing it now.
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Even Jav Volleys aren't cheap anymore. Really is unfortunate for the Nets because they were a nice alternate slotting option when you could not afford purple hold sets...maybe Devs need to lower the cost of PvP IOs or something to increase supply (Merit-wise, of course). |
Originally Posted by Plasma
Nothing that has happened so far has been at all interesting to me except one thing: the price of "bad" pvp io recipes is "through the roof" to my perspective. Maybe this is a reflection of simply how much demand there is for the procs, but I'm quite surprised to see junk like Gladiator's Net going for 100m. That or people don't realize how "expensive" conversion is. |
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I have to admit, I felt guilty converting the 2 full sets of Soulbound Allegiance IO's...for a second.
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Originally Posted by Neuronia
Well, all except those poor Masterminds that aren't paying 50 million for their Soulbound Allegiances anymore.
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Well, this should bring back PvP farming since no drop is a dud anymore.
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This describes me. I buy mostly to outfit my own toons.|
Originally Posted by mousedroid
Really? I figured it was because people were keeping all the enhancements the converted to use on current and future characters rather than selling them.
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Before converters: I saved every purple drop I got, I had about 30 or so in base at any one time, I bought the ones I didn't have when I was outfitting a new toon.
After: I've bought up cheap purples at 150-200 million each and converted... I now have about 70-80 purples in my base, almost all from the 4 damage sets, and that's despite IO'ing out 3 toons post-DXP, one of them with 4 purple sets.
And I've bought Javelin Volleys for around 100 million and converted them to what I wanted. It was comparatively cheap to do.
I've been making money off flipping ATOs mostly lately... but I only started doing that after filling my base with about 450 of them for my own use. I have trouble selling something I might want to use later. ^_^ So yeah, don't sell purples, don't sell PvP IO procs.
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Actually, the return on farming with the duds going higher and the blockbusters going lower is slightly lower now than before. What you've gained in the duds being worth 50-100 million or thereabouts you've lost in the damage procs, the defensive procs, and the top three Panaceas all dropping severely in price.
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Originally Posted by Zombie Man
Well, this should bring back PvP farming since no drop is a dud anymore.
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What? I would never hoard enhancements.|
Originally Posted by mousedroid
Really? I figured it was because people were keeping all the enhancements the converted to use on current and future characters rather than selling them.
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And I definitely would NOT create an entire SG base just for private storage.
Never!
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I love/hate converters. They totally wrecked me in one way, because I got two legitimate good purple drops running DA on my Peacebringer this week, I think an Armageddon and a Ragnarok. I love them because they're going to make it stupidly easy to purple out a character whenever I want, but I hate them because they devalue drops that used to make me really stoked.
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That strikes me as more likely caused by a temporary glut of old junk enhancements being turned into the valuable rares. Moving forward, I would expect the valuable ones to go up a bit. Except, of course, the converters still aren't fully implemented, so there are more old piles of junk enhancements waiting to be converted.
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Originally Posted by Arcanaville
Actually, the return on farming with the duds going higher and the blockbusters going lower is slightly lower now than before. What you've gained in the duds being worth 50-100 million or thereabouts you've lost in the damage procs, the defensive procs, and the top three Panaceas all dropping severely in price.
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That would be wasteful, when teleporters don't cost rent.
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Originally Posted by Ironblade
What? I would never hoard enhancements.
And I definitely would NOT create an entire SG base just for private storage. Never! |
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But it evens out the return -- which can make it more attractive.|
Originally Posted by Arcanaville
Actually, the return on farming with the duds going higher and the blockbusters going lower is slightly lower now than before. What you've gained in the duds being worth 50-100 million or thereabouts you've lost in the damage procs, the defensive procs, and the top three Panaceas all dropping severely in price.
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The mean value of a batch of recipes is presumably down; I'm not sure that the median is down, though, and the low end has definitely improved.
So if the question is "I'm going to set my computer up to do this and then walk away, can I be confident of getting at least N million inf worth of drops?", the answer may have changed from No to Yes for many N.
[QUOTE=graystar_blaster;4174405]Purples never went anywhere near where i thought they would. In fact the average price of purples i think went up
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The average price went waaaaay down. Hecatombs and armageddons used to go for 5 - 700mil. I couldn't sell either of them last night for more than 200mil. Everything has gone way, way down from what I see.
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[QUOTE=Ael Rhiana;4188814]
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Originally Posted by graystar_blaster
Purples never went anywhere near where i thought they would. In fact the average price of purples i think went up
QUOTE] The average price went waaaaay down. Hecatombs and armageddons used to go for 5 - 700mil. I couldn't sell either of them last night for more than 200mil. Everything has gone way, way down from what I see. |
but at the announcement of converters i was able to by over 100 purples made for about 1 mill each
so that is for sleeps, confuse, and a couple pet ones, but basically what we considered junk.
So i spent about 100-140 million (that is all!!!!)
and got about 100 purples... Now at this moment in time you cannot buy one for under 150 million
that is an increase from 1 million to 150 million. Or 150 times my original price so on my 100 million investment i made how much? So maybe some went down a lot I cannot argue that at all. But i think you are not accuretly accounting here.
Hectacombs for example are going 300-500 million atm. So they went down yes. about 20%-30% and other purples went up about 200%-250%
Whoops, silly me, left some miracle +recovery up for >100M despite converters.
On the other hand, one of them sold for 800M so I don't have to feel TOO bad about it.