I would think that the elevator passes for those that can purchase them and the featured items would have encouraged ce to drop to more reasonable prices for a good while, and they did for a day or so but now there going right back up, what gives?
why is ce still so costly?
Tue, 12/06/2011 - 18:22
Tue, 12/06/2011 - 18:55
#2
so why is it still over 6K
retracted comment for obvious trolling...
but i'll keep this
people will buy CE even if it will cost them 10K crown...
Tue, 12/06/2011 - 18:51
#3
I would think that your
I would think that your thinking would've failed.
How exactly would elevator passes reduce the price of CE? All they do is pour crowns into the economy, so they become increasingly and constantly devalued as a currency against the CE currency.
Inflation. Read up on it.
Ceteris paribus, if elevator passes remain purchaseable, expect a constant infinite rise of the price of CE.
The auctions made some dips, but that's all they're ever going to do - temporarily decrease the price of CE when they're "short" or "very short" or on release if they're "buy it now." After the demand disappears, it will slowly build up to its previous equilibrium. If elevator passes remain, there needs to be some kind of crown sink exclusive to elevator owners - which likely isn't going to happen due to discrimination issues.
Tue, 12/06/2011 - 19:03
#4
I have no idea!
I really have no idea, but if I had to guess:
People who can spend money on Spiral Knights, buy an Elevator Pass and think "Oh, I can go buy whatever CE I need with crowns because I can farm indefinitely!" So they then farm indefinitely to buy CE with crowns. Also, the people with Elevator Passes are a small portion of the people willing to actually invest money into the game. If they buy the Elevator Pass instead of tons and tons of CE to allow them to farm indefinitely, then the supply of CE has gone down. Larger demand, smaller supply, thus the prices increase.
The Featured Auctions lowered the price of CE a bit because the people who are really rich don't carry around loads of crowns. Instead they carry around loads of CE. When the Featured Auctions came around, people wanted to buy the items available, so they sold huge amounts of their CE to get the crowns they needed. Supply increased, therefore price decreased.
That is my theory anyways.
Tue, 12/06/2011 - 19:12
#5
You're assuming people who
You're assuming people who farm with elevator passes now farmed indefinitely buying CE before. Your assumption is a failure. I'm guessing the average user BEFORE purchasing pass only used his/her mist to "Farm." They never farmed with CE or did it very rarely. Now that they have an elevator pass, they farm crowns any time they can.
In other words, the supply and demand of CE is held more or less constant - the only thing that changes is the supply of crowns relative to the supply of CE. The supply of CE is constant, but the supply of crowns increases considerably - thus crowns are devalued against CE.
If I had to predict what would happen, I would predict a constant crown inflation (crown devaluation / CE increases in value relative to the value of crowns) as a result of elevator passes... time will tell if I'm right or wrong (if they decide to keep them).
P.S. speaking of which, mist itself has an inflationary effect on crowns as a currency - but elevator passes exacerbated that effect (which was also mitigated or even temporarily "balanced" by buying items/recipes etc. - until ALL recipes and items possible would be bought) considerably.
Wed, 12/07/2011 - 14:04
#6
@Kickthebucket
If prices go up like this nobody can buy CE even if they want it :(
Wed, 12/07/2011 - 14:05
#7
@ Grievos
Yes we can, its
@ Grievos
Yes we can, its called the Elevator Pass. I have it.
Wed, 12/07/2011 - 14:09
#8
Supply and Demand
Supply and Demand
Wed, 12/07/2011 - 14:11
#9
@Xylka-Mkii
I am free to play
Wed, 12/07/2011 - 14:35
#10
@Grievos
Well so am I mostly.
@Grievos
Well so am I mostly. Doesn't matter since the pay to play people will be the ones holding Energy and controlling prices. People have to buy to progress past T2, so there will always be buyers. Just look at Nj's post
Wed, 12/07/2011 - 15:45
#11
@Xylka-Mkii
I know supply and demand
Wed, 12/07/2011 - 17:52
#12
glad i don't have to craft
glad i don't have to craft anything anymore (and i did with these prices... took me a while but i still did it)
and yes i also have a elevator pass... and no i don't spend all my crown on buying CE (why would i need tons of CE????) i'm enjoying the game for once and not needing to complain about CE prices beeing to damn high is nice :)
well you just have to keep grinding some more (or buy a cheap pass so you can grind all you want) but then again how much time in 1 day do you got haha think most people with the pass just double their playing time. now i can run from emberlight to the core every day. and squeeze in a quick T3 run. before i just stopped at basil (and from time to time bought me some CE and kept on going) so for me nothing has changed.
the CE market again is managed by players, same as the auction house. so in a way you can ask yourself why do shadow steels cost 550crown and a spark of life 3000+? because people buy it... nothing you can do will change it (the CE sellers would probably even drive it higher)
Wed, 12/07/2011 - 19:54
#13
@Grievos There are many ways
@Grievos There are many ways to efficiently make crowns as an F2Per. Not that hard. (I am an F2P player as well). Prices might be worse, but they are not completely unmanageable.
Thu, 12/08/2011 - 03:12
#14
Initial demand
When the new crown sinks came out, people sold CE at lower prices to get the money they needed to purchase rare items. Now that people aren't really so excited about them anymore, they stopped spending crowns and started playing again. The amount of crowns that was "terminated" in the featured auctions would have been quickly farmed back by elevator pass owners.
Thu, 12/08/2011 - 10:27
#15
the crown sink was the wings
the crown sink was the wings and halo's :) OOO tought the scizorblades would sell but they don't... sell the wings and you'll see the CE go down again (people who still hold vast amounts of CE selling it to buy those)
Stay tuned in 10 days for a more definitive Elevator Pass post, when my data is complete.
But for now!
-Elevator passes appear to have an inflating effect on CE prices, not the other way around.
-The 'Featured Auctions' did take a large amount of crowns out of the economy, but they fall into two types:
-"purchase" auctions that have no bidding wars, have a set price, and large quantities(e.g. Scissor Blades), which had a big impact initially and not much afterward
-"bid" auctions that have no buyout price, but an auction time of two days, and limited quantities(right now it's Dapper Combos), which tend to have marginal impact initially but spike heavily as the auction time reaches Medium, Short, and Very Short
The initial effect of the patch caused the CE to spike downward strongly, but it has recovered back up to an average of ~6850. Note that this is still 400-500 crowns lower than just before the patch(~7250), so they DID have an effect, just that they did not lower it to the price before Elevator Passes were released(~6400) for more than a day or so.
What gives? Market flow, speculation, and players driving prices up and down. Status quo for the Spiral Knights Stock Market. :P
If I wanted to make a really bad pun here I might call it the S&K 500.