Guild Wars 2

So…http://www.gw2spidy.com/item/19976

Mystic coins, anybody have an idea why they keep going up? Why is there a higher demand?

I sold all mine (about 100 of em) @ around 5.2 s thinking it would just go back down and I could shortsell. Obviously, that was a horrible choice. A couple weeks ago they were floating around 3s, now they’re around 8!

What the heck?

You need them for just about every named exotic, legendary and otherwise special item i can actually think of, that’s why.

/edit: About the last week thing…dunno, i’m not much into tp manipulations and such.

@lavra.8510 – What you say is true but by saying that you are implying that many people got their named exotics, legendaries etc during last week? Make a bit more sense please.

It’s been a while since a monthly was made available for completion. Once the 14th hits, it’s likely the monthly achievement can be finished, and suddenly 70~% of the playerbase will be getting 10 coins each, and the price will once again plummet.

It will plummet a bit, but long-term mystic coins will continue to rise. They are required for plenty of elite items in large quantities. In fact, The Return of the Bots is increasing mystic coin demand as it lowered the costs of t6 and more people can afford said items.

Just think about this that all most every mystic weapon, new fractals item or legendary require mystic coins …and you can farm only ONE mystic coin per day. (+20 monthly task)
You can farm 50k karma, 50g but … only 1 Mystic coin per day …

Fewer people playing, monthly can’t be completed yet etc. They’ll drop back down over Wintersday as people log on again and new people receive the game as gift for xmas.

They should go down over Christmas due to the Wintersday stuff, but most people seem to be going for at least 1 ascended or legendary item.

Also, bear in mind that people seeking Legendaries HAVE to speculate on the market to raise money for components and mystic coins look like a good target for manipulation.

You don’t need any coins for ascended gear, just the upgraded infusions, and even then the amount of investments for not even 1% more crit chance (15 more precision) is just absurd. You only need mystic coins for mystic clovers, about ~230 with average to bad luck. I think a big issue is a lot of coins were wasted making mystic weapons. Yes, I said wasted. Why would you waste 30+ coins on those weapons when red versions (which obviously is a superior color to 90% of the playerbase, unless you’re a guardian) are available from CoE?

I suspect that Mystic Weapons (as well as all other super-expensive weapons from the MF) will get a buff down the line to make them into Ascended tier weapons. Whether or not their skin will change is up for debate though.

You also get Mystic coins from map completions and story quest completion. It could be that the stockpile that people had is going away, and less people are re-doing story/map.

So less supply

Spifnar.4712:

You also get Mystic coins from map completions and story quest completion. It could be that the stockpile that people had is going away, and less people are re-doing story/map.

So less supply

They come from Daily and Monthly achievement, not map completions or story… ever.

Two days and the price will likely plummet for the rest of the month.

People can make 50-51 mystic coins a month. Some people want/need/use thousands. Guess where they come from? Casual players that don’t care about them (edit: and bots, which got mass banned recently although they are back in force….). Many of them will have moved on to other games and so won’t be supplying people with cheap coins. They may come back for Wintersday.

Last month the monthly was very unfriendly to casual players with Dungeon and Fractal requirements (both required time commitment and groups). Fractals especially could be very difficult to get a group for but so could dungeons if you hadn’t done story modes for anything yet. So that’s a month with less ‘spare coins’ entering the market. The last 2 weeks no monthly achievements have been completed obviously which means the market is drying up.

On the 14th it will likely become possible to complete the monthly and that means tons of people completing it all at once. Which means tons of mystic coins entering the market. Which means market crash. If GW2spidy was working I’d link it but you can see the same thing happening since launch. Monthly achievements dictate the market for coins.

i give mine away to guild friends when completing dailies