It may someday minimum price the gems?
Or maybe just not let gold be used to buy gem store items. It works both ways you know. I think it is a nice option for some to buy gem store items with gold and I think it should be expensive.
The exchange price is determined by how many gems we player buy from the exchange which started with a fix number of gems. Only gems that get added are ones that players sell to the exchange for gold. Fewer gems in the exchange, the higher the price goes.
We are heroes. This is what we do!
RIP City of Heroes
RIP City of Heroes
If you want cheaper gems via gold, get your [friends to buy] gold via gems.
We’ll soon be at 1 gold = 1 gem, and even below. That won’t never stop as the number of gold generated by players if continuously growing.
ANet won’t do any thing about this ratio (their statement is that this gold to gems conversion “is working as expected”).
We’ll soon be at 1 gold = 1 gem, and even below. That won’t never stop as the number of gold generated by players if continuously growing.
ANet won’t do any thing about this ratio (their statement is that this gold to gems conversion “is working as expected”).
The only possible reason why the ratio would be 1 for 1 is that there’d be no more Gems in the pot. On the opposite end, the Gems for Gold rates would be tremendously high at that point. So in theory, there’l never been an empty pot, since there’ll always be a player who takes advantage of something like 100 Gems for 10 Gold.
In GW2, Trading Post plays you!
Right now it’s $1 for 4G or 100 gems for 5G. We’re halfway there already Smooth and the curve is exponential. It’s just going to keep rising faster and faster as time moves on thus forcing the time when players will start buying Gems with cash and just maybe trade them for gold.
We are heroes. This is what we do!
RIP City of Heroes
RIP City of Heroes
Right now it’s $1 for 4G or 100 gems for 5G. We’re halfway there already Smooth and the curve is exponential. It’s just going to keep rising faster and faster as time moves on thus forcing the time when players will start buying Gems with cash and just maybe trade them for gold.
There are many functions and curves which appear to be roughly exponential at first but change as time goes on. One of the most common ones and probably the one at work here is the logistic curve:
http://en.wikipedia.org/wiki/Logistic_function
Like was mentioned before, at some point buying gems with gold will be so expensive that most people will stop doing it, and buying gold with gems will yield so much gold that more players will be enticed to buy gold with gems from real money, and things will equalize.
However, due to gold inflation, I would surmise is isn’t exactly logistic, there is probably a linear component based on inflation. So, maybe more like:
g(t) = c1/(1+e^(-t)) + c2*h(t)
Where c1 and c2 are constants and h(t) is the inflation as a function of time.
(edited by Shufflepants.9785)
Yea I know but I’m assuming not a lot of math majors in the audience. Since the rate was described as the ratio between amount of gold in the exchange Vs the amount of gems in the exchange and as since the first is increasing while the second is decreasing with the first rising ever faster relative to a unit change in the second it’s definitely more exponential than power.
But that doesn’t change the fact than until Gem for Gold increases compared to Gold for Gems, the rate will continuously rise, getting worse and worse as fewer and fewer gems are left in the exchange.
I did note in another thread before this latest step up in exchange rate that compared to a year ago, the cost of Dusk is dollars has dropped 70% due to the change in the rate. So if you do have the money to burn, buying gems and converting into gold, it’s becoming quite attractive.
$25 gem card at this moment will get you 100 gold vs 12.6 gold a year ago.
We are heroes. This is what we do!
RIP City of Heroes
RIP City of Heroes
(edited by Behellagh.1468)
Maximum price fits better. Nonetheless, it’s a currency market, making the wording a matter of perspective.
The rising price (in gold) for gems does not surprise. ANet has constantly added new fancy items to their store, making gems relatively more valuable. In contrast, the sum of goods – purchasable in gold – has barely changed since therelease. The rising gem prices are therefore the trivial consequence of ANet’s update policy
Tz tz
So the amount of gold you can get for RL cash continues to rise, which makes it all the easier for me to throw a trivial amount of money down, skip through the grind to get to grandmaster crafting, and pretend that the game still has a gear plateau.
If we get to 1 gem = 1 gold, we can get from 400 to 500 in a craft on less than $3!
This is what I hoped GW2 wouldn’t be, but my will is weak, and I’m ready to kneel to my new Black Lion overlords as long as it costs me less than a subscription in another game. Please keep driving that gold to gem ratio higher so it won’t hurt my pocketbook too much.
;-)
I did note in another thread before this latest step up in exchange rate that compared to a year ago, the cost of Dusk is dollars has dropped 70% due to the change in the rate. So if you do have the money to burn, buying gems and converting into gold, it’s becoming quite attractive.
$25 gem card at this moment will get you 100 gold vs 12.6 gold a year ago.
While that may be true, if you want to buy a legendary right off the tp it will still cost $500-$600 right now.
If we get to 1 gem = 1 gold, we can get from 400 to 500 in a craft on less than $3!
That’s assuming that the price of ectos and t6 mats don’t constantly rise. Which they do whenever a big new farm is added, and also whenever demand spikes (ascended weapons and armor).
It takes roughly 8-12 400 lvl discoveries per 25 crafting levels (amusing you’re using boosters). I think the number being thrown around now is ~200g per crafting discipline (which can be reduced with farmed mats and time). We’ll have to see how high it climbs (and what it settles to) when ascended armors come out.
I did note in another thread before this latest step up in exchange rate that compared to a year ago, the cost of Dusk is dollars has dropped 70% due to the change in the rate. So if you do have the money to burn, buying gems and converting into gold, it’s becoming quite attractive.
$25 gem card at this moment will get you 100 gold vs 12.6 gold a year ago.
While that may be true, if you want to buy a legendary right off the tp it will still cost $500-$600 right now.
Not really, the “still” part that is. Legendary prices are relatively flat compared to the increase in $ for gold via gems. Let’s look at one that isn’t a great sword, The Bifrost.
Nine months ago it was 2435g, now it’s 2490g. Nine months ago it was 1.1g per dollar/euro and now it’s 3.9g. So nine months ago it would have cost $2210 to buy with cash and now it’s $640. Yes outrageous and rarely acquired that way but it’s 30% of what it was with cash.
We are heroes. This is what we do!
RIP City of Heroes
RIP City of Heroes
I did note in another thread before this latest step up in exchange rate that compared to a year ago, the cost of Dusk is dollars has dropped 70% due to the change in the rate. So if you do have the money to burn, buying gems and converting into gold, it’s becoming quite attractive.
$25 gem card at this moment will get you 100 gold vs 12.6 gold a year ago.
While that may be true, if you want to buy a legendary right off the tp it will still cost $500-$600 right now.
Not really, the “still” part that is. Legendary prices are relatively flat compared to the increase in $ for gold via gems. Let’s look at one that isn’t a great sword, The Bifrost.
Nine months ago it was 2435g, now it’s 2490g. Nine months ago it was 1.1g per dollar/euro and now it’s 3.9g. So nine months ago it would have cost $2210 to buy with cash and now it’s $640. Yes outrageous and rarely acquired that way but it’s 30% of what it was with cash.
Ah very true, my mistake on wording. I never bothered to check the history, either way that’s way too rich for my blood. I’m happy plodding along towards a leg at my own pace. I do wish that back in the day I spent all of my gold on gems, when the conversion rate was in their favor.
My father decided to pick up fishing as a hobby earlier this year. He fished a little off and on but this time he went all in: he bought a (used) boat, top of the line rods and other equipment, had the boat in the shop to get some things fixed, installed new seats and such in it, hauled it around to various lakes in the area, entered fishing tournaments and joined a club, etc. I don’t know how much he spent on all this but I think it was over $20,000.
If a person’s hobby is fishing, a lot of people don’t mind putting thousands of dollars into it. If his hobby is video games, a lot of people will do the same. Not everyone has such deep pockets, but there are enough people who do to keep these games afloat. It’s not going to change any time soon.