Guild Wars 2

Now I find this curious.

Sometime around 11p EDT, Ecto supply started to drop off sharply. Going from 63K down to 52K over the next 2 1/2 hours. Prices also started to rise from 19.6s to 22s as all lower priced items were sold. By 5am EDT prices returned to around 20s and supply grew to 56k.

Then around 8:20a EDT to 9:10a EDT, supply grew by 17.5K units to the point it now outstrips demand. Interestingly enough there is now over 16K ectos priced at 20s.

Whatever happened, coordinated or coincidence, that 16K ectos have effectively capped the price of ectos. No one will even think of pricing above 20s or even at 20s (who wants to be at the end of that line?). So for the foreseeable future, until that 16K block is worn away, ecto prices are now capped at 20s.

Of course this now lowers the price of rare armor salvage fodder under 17s since the average coin you can get from a salvaged 20s ecto with a master kit about 15.3s and then 4s from the rune (assuming you are selling the salvage). It makes the margins doing this incredibly thin.

Now as far as I can tell, ecto supply never before exceeded demand. I just find the whole thing both curious, so much stock at one price and so much supply added in such a short period, and annoying since I was making a gold or so a night for 1/2 an hour of buying, salvaging and selling.

could be the hint of asended amulets in WvW. and better rewards in WvW like a chest per rank so that got people wondering precursers and because of that people want to put in buy orders. jsut my 2 copper peaces

16k ectos are sold in a blink of an eye.

16k is nothing. That’s not even an ecto per active player on an offday. 16k is enough for 64 ascended backpieces. It is barely enough for a midsize guild to gear up one piece of ascended.

Don’t fret about this “cap”.

Zumy.6318:

16k ectos are sold in a blink of an eye.

It’s not 16 really, though, as the OP points out. The 16k is refreshed all the time as new people match that price or try to undercut it for quick sales. So in effect it is always 16k, though it’s a “new” 16k all the time.

Probably a speculator just decided to dump his investments all at once. He’s probably one of those folks who bought up ectos just before Anet changed to the daily chest. Loss of 60%

Im so glad i dropped at 34s right now :-D.

The "cap"will disappear very quickly. I’ve seen similar size blocks get bought up within a day or so for other goods and ectos are a high volume market.

So apparently this cap is holding as the price of ectos have barely budged above 19.5s all day. The volume in ectos may indeed be quite high but it doesn’t take much effort to observe how the price and volume at a price fluctuates over time. Just call up ectos for sale on the TP, select it as if you were interested in buying them and observe the prices and number up for sale. Now hit refresh every 10 seconds or so and watch the price “boil”. Moving down and up. Seeing volume at a particular price change as others buy and post additional ones for sale.

I’ve been watching ectos due to the frequency that they are traded. They have a fairly broad range of prices with the occasional one with 100s available at that price. You can watch that number erode as that price becomes the lowest for a moment or two only to be undercut again and that price undercut still. It’s a kind of froth as the price moves lower and then crashing back into that economical “breakwater” clump of items. These blocks of several hundred don’t last out the day, quickly eroding away, reforming later at another price point as players sell at whatever the TP says is the current low sale price as oppose to undercut it with their own price. There is currently one of these 500 unit breakwater at 19.7s.

About 22 hours ago the price moved away from 20s down to the 19.5s peak. Maybe overnight the price may rise a bit but I doubt any serious headway will be made against the 20s wall. As of this writing the 20s wall isn’t even within the lowest 20 prices right now.

One other curious selling pattern I’ve noticed, again intentional or not. I often see a large number of 30 units for sale in a range of prices 1c apart over a 10-15 copper range. It’s like a set of “trip wires”, indicators as to how high the price has reached since the wires were laid. This way someone wouldn’t need to constantly watch to see the top end of the active price range. Of course it could just be coincidental.

Could you remind me what’s bad with low prices with everyone complaining about inflation and so on? This guy should get the nobel prize for videogame drama economics.

If ectos get worthless, the biggest income of most players decreases.
Not mine though.