Power Surge Weekend Caused High Energy Prices!

22 replies [Last post]
Arkain9
Legacy Username

Ever since the Power Surge Weekend from August 12th to the 14th, the Crystal Energy prices have risen from around 5k cr (high but reasonable) to now around 6k cr (high but UN-reasonable). I know it was because of the high demand for Crystal Energy over the weekend, but now the prices have yet to lower, even though it has been almost a week since the PS Weekend ended. I realize it is a player driven market and that the high prices were a good way for easy cr but it seems that there is no end in this price rise and, asking around it seems that players are not willing to pay the price for the CE and are not playing or at least playing less because using a Mist Tank only yields a few more K cr than necessary to buy the CE. Just wondering when people are going to stop being greedy or if there is a way t lower it otherwise

Your Sealed Sword Salesman, Excisionx :D

Orangeo's picture
Orangeo
6k? I saw it go from 5.2 to

6k? I saw it go from 5.2 to 5.6 yesterday and then stop. Though I couldve missed something. I had a fourm around here somewhere with two or three reasons as to why is spiked up. Also, 5k isn't high if you're T3. I vote medium. 5.2 is kinda high, but it's ok. 5.6 breaks the limit, but not by far. If it goes to 6k, I shall frown and use the word shame repetadely.

Arkain9
Legacy Username
5k is affordable, but before

5k is affordable, but before I started playing the price apparently used to be closer to he 3-4k range. I wish i was part of the game during that time, getting this skolver set would go way faster! :D

Madadder's picture
Madadder
i always found it fishy they

i always found it fishy they scheduled another PS weekend...

now we know why... IT'S A CONSPIRACY

Tom-Awsm's picture
Tom-Awsm
"even though it has been

"even though it has been almost a week since the PS Weekend ended"

Dude, it's been 3 days -_-

OptimusPunk
Legacy Username
*sigh* and here I was hoping

*sigh* and here I was hoping that we would be living and peace and harmony through 5k CE forever

insanephoton
Legacy Username
Give it time...

The power surge weekend has almost certainly dumped a whole load of crowns into the SK economy. Lots of crowns push up energy prices as people are prepared to pay more because they have more. Maybe a lot of people picked up new recipes so the demand for CE went up. What will most likely happen is that people will use up their excess crowns on all the usual stuff and then decide that CE is too expensive.

When enough people stop buying CE, the price should eventually fall back to a reasonable level that most people are comfortable with.

It's true that speculators could push the price up higher, but after a while it's just them buying and some will make a killing on the market, others will lose fortunes when the market corrects itself. Buying when the price is high is a risky way to make money because the bubble will always burst eventually.

Pawn's picture
Pawn
but it's not

it's not a player driven market when things like the power surge weekend artificially inflate it. Then it is being driven by outside factors.

Orangeo's picture
Orangeo
This wasnt a OOO conspiracy

This wasnt a OOO conspiracy to inflate CE. Coin boosters and the heat amp are conspiracys. This was a handful of flowers that just happened to have a bee in it. Though I do miss my 5K CE T_T

pootermobile
Legacy Username
@jeburk

Just because an economy is influenced by outside factors from time to time does not make it not player driven.

CE is expensive right now because people are buying it. If people stopped buying, prices would go down.

As insanephoton mentioned: "When enough people stop buying CE, the price should eventually fall back to a reasonable level that most people are comfortable with."

Shrinkshootr
I'm trying to figure out if

I'm trying to figure out if this really is an effect of causation or just correlation.

When demand is high and supply is low, the price of [anything, but put CE here] goes up.

When demand is low and supply is high, (such as a lot of common materials like brimstone and gel drops), the price goes down.

If supply and demand remain the same while the other goes up or down, the price goes up or down accordingly.

Now, since the PSW makes energy half off on elevators, why does it increase the CE crown price? Either supply has dropped (highly doubtful), or demand went up; but why would demand go up? You are now clearing twice as many floors as you would have before, and this takes a long time. The only explanation is that so many people have decided to clear so many floors that they ran out of energy and need even more than usual, which translates to people playing MORE than twice as long as they normally do. Which I still find hard to believe, although entirely possible. Unless previously, people did not use CE to clear floors, and decided to do that for just this weekend.

Arkain9
Legacy Username
They were buying more CE

They were buying more CE because of the excess crowns they gained from the PSW. Double the floors=Double the crowns=More crowns to buy CE

I just don't understand why the market has yet to fall though the demand for energy has gone down.

Arctic-Fern's picture
Arctic-Fern
It's almost 5.9k right

It's almost 5.9k right now!

Oh, when will the pain end!

GoottiKustaa
Legacy Username
If people store their in-game

If people store their in-game wealth as CE rather than crowns, this is what happens.

During a power surge weekend, many people are buying CE to reach that 800 limit, and don't get there -> price went up. Lots of CE got bought out of the market during that time. It will probably even out later, but its difficult to predict markets (like many have discovered in the real world).

Algol-Sixty's picture
Algol-Sixty
I'm trying to figure out if

I'm trying to figure out if this really is an effect of causation or just correlation.

Well, as I've said a couple of times recently, I don't think the power surge is responsible for much of the increase in the cr<->CE exchange rate, especially this long afterwards.

Now, since the PSW makes energy half off on elevators, why does it increase the CE crown price?

You are right that the demand for CE per floor will go down during a power surge weekend. That is offset by two other things: first, people may well run more than twice as many floors and secondly, since more crowns get fountained into the system, people can pay more for CE (inflation).

It is the latter problem, of too many crowns, that is the real problem. There are always uses for CE, but crowns still have very little value. The more crowns that build up, the more people can bid up the price of CE. You can run gates on mist, but crafting higher level equipment requires CE, and thus it is possible for the cr<->CE exchange rate to go up past the point where the average player make enough crowns running gates to pay for the CE used.

I suspect the current the rise in cr<->CE exchange rate is due to things other than the power surge event that have longer term effects. For example people are no longer playing as much bomberman (which is not only a crown sink, but keeps people out of the clockworks), people are no longer buying the limited-time "battle pack" CE bundle, people are no longer using Punch as much because they have most of their UVs they want, more people have moved out of T1/T2 and into T2/T3, etc.

I'm glad that OOO has added several crown sinks over the last few months, but they need to add many more.

zenstar
Legacy Username
If the mass of crowns from a

If the mass of crowns from a power surge weekend is increasing the price of CE because people can afford to pay more for CE then you'd also see the AH prices going up because people can afford to pay more for all that too. The AH prices haven't been increasing.
Not to mention that the energy prices went up to 7k without any PSWs about 2 months ago and if the old-timers (beta players) are to be believed it used to be something crazy like 22k at some point.
It's a free market economy. CE will probably eventually level out at about 7k again if nothing comes along to change pricing. That seems to be where people like it.
The influx of players from steam actually dropped the CE price to 5k even though there were lots of more people earning crowns. I don't think PSWs are the sole factor in determining if CE prices rise or fall and IMO they give far more advantage than they take away.

Ken-Shiro
Yeah but some people don't

Yeah but some people don't seem to have a business sense at all or buy/sell on impulse. I've seen like lots of Crest of Almire recipes last night for instance selling at a little over 27000 just to cover the cost of buying the recipe, but they don't know about the AH selling price 10% fee that actually makes them lose some money. I don't know if others followed the guy with the lowest price or kept underselling each other or what, but if they're losing money there, I just don't know what makes them work at the CE market where you see 50 cr or more gaps between the top and lower bids.

dantemirror
Legacy Username
This is not driven by "greed"

This is not driven by "greed" of "other" people

CE lowers when a lot of PAYING players exchange CE for crowns.

CE rises when a bunch of free riders like yourself buy massive amounts of CE with crowns

If you get CE from the CE market, you really have nothing to complain about, you yourself are contributing to inflate it. Or are you gonna tell me you did not buy any CE during the power surge?

Ken-Shiro
Also there's no guarantee

Also there's no guarantee that you will not need 2 revives if you solo to get profit from mats and depending on what stuff you got on you that you can afford, or if you need to change your strategy plan on other equipment, like seeing if shadow weapons will help get the gremlins in tier 3 on the way to the citadel.

Kaigen
Legacy Username
Jevons Paradox

This is a demonstration of the Jevons Paradox: http://en.wikipedia.org/wiki/Jevons_paradox

Basically, increasing resource use efficiency tends to increase, rather than reduce, the use of that resource. So when CE gets more efficient for use in elevators, people will not just do twice as many floors, they will do even more floors than that because they get a much better return in crowns for their CE by doing floors, pushing prices up.

dantemirror
Legacy Username
Kaigen hit the nail. A

Kaigen hit the nail.

A "player sustained economy" always follows that logic, players determine the prices, if a resource is too cheap/accesible and valuable it will start rising its price until it hits a "balance" point.

To all those topic thinking they can lower the prices if everyone cooperates or agrees and complains to OOO, nice try but you got GG.

bananafish28
Legacy Username
please read my post under 'energy'

It has a brief and short explanation on how FAIR market prices are determined.

In short, the PS weekend increased the Cr yield/100 CE. This increases the SUPPLY of Crowns in the system but the SUPPLY of CE is constant. If the market price is below the Cr yield/100 CE in a Clockwork run, it will drive the price of CEs up to close to the Cr yield/100 CE.

Because of time constraints and the Cr yield varies from player to player, there will be discrepencies on what 'FAIR' actually is.

Twiddle's picture
Twiddle
People used the extra crowns

People used the extra crowns obtained though power surge weekend to buy CE. This caused a reduction in the amount of CE available to the playerbase. This raised the price of CE. You could follow suit and buy CE now, but it's smarter to wait for the CE market to cool before buying more CE.