First off; should this be in the bazzar thread? or is that just for selling things?
Anyway, I used to sell prismatechs, spurs, and other things for 'round 2k, give or take 100, and now the price on allot of stuff has plummeted down to only 1.5k. Not that I'm complaining, but anyone have any idea as to why?
Well, my prediction from the elevator pass threads was that people who bought them would try to convert ME to CE via crafting, and thus the price should drop for those kinds of things. At the same time, those players should have more crowns and converting them to CE isn't as important, therefore more use of Punch for UVs and buying stuff like accessories from the AH.
I confess, I haven't been checking 2* items for quite a while now. How recent is this change?
The trend is fairly recent as in the last 2-3 weeks with this week seeing a solid trend in all 2* items on the market.
I attributed it to the idea that less new blood coming in represents lowered demand for these items. You can only sell so many owlite shields until everyone who wants one has one. The flip side, supply being increased by more of these not-so-new folks crafting for crowns just amplifies the depression in prices.
Without new players crafting for crowns will begin to take on the same or less margins as trading the CE market.
I noticed it as well, and I thought it was odd because of the higher price of CE compared to a few weeks ago. I was thinking the 2* items would stay the same or even go up a little based on that, but I am no economist so I don't really know how that stuff works.
I am still a relatively new player, been playing for about two months now, and thought it would be a good way to make crowns on days I cannot play using ME to make 2* items. It is a good way to get money, but I think I have to temper my expectations more now with the elevator thing happening. Overall though, making any money on a day I cannot play seems to be pretty awesome.
"Competition."
Well, of course. I'm asking where all the competition came from. Or where all the customers ran off to.
"I noticed it as well, and I thought it was odd because of the higher price of CE compared to a few weeks ago. I was thinking the 2* items would stay the same or even go up a little based on that, but I am no economist so I don't really know how that stuff works."
I guess players crafting items with CE decided it had become too expensive, so they ran to items that require only mist. Makes enough sense, and that means that the demand for CE should decrease, lowerig the price a couple 100 crowns, attracting 3* sellers. I should check the price on those items.
My theory is twofold:
1) There is no new influx of players. After the steam rush, there is no more waiting pools of players, uninformed but interested about the game. Basically, everyone is 2* already, so they don't need your calibur. TLDR: Demand is down.
2) There hasn't been any real, new content since the Roarmulus twins. The Shadow Lairs are only for the high tier end gamers, and since those can (effectively) only be run once, there is nothing new to do. So bored people are logging in and crafting instead of playing. TLDR: Supply is up.
What happens when supply is up and demand is down? Drop in prices.
Competition. The more people crafting & selling them, the less they sell for. And if there's not a lot of demand ....
Wolver coats & brandishes are always cheap, because there's always people crafting them for UVs. Same thing with Freezing bomb. But the others will be too if anyone is silly like me - did around 300 skelly shields trying for a Shadow UV.
(But I sold them over a month to not crash the price :))
Try 3* for $. Those aren't free to make with mist. 1* is pretty good profits too if you have tons of materials.