IMHO Here are my suggested zen price for items in the Zen shop
12 slot bags - 300 zen
24 slot bags - 800 zen
Epic quality companions - 2500 zen
Epic quality mounts - 3000 zen
Rare quality companions - 1500 zen
Rare quality mounts - 2000 zen
Coalescent ward - 600 zen
Enchanted Keys - 100 zen
Enchanted Keys x10 - 900 zen
Respec tokens - 500 zen
Profession asset pack - 1200 zen
Profession booster pack - 250 zen
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llewelyn89Member, NW M9 PlaytestPosts: 129Arc User
edited June 2013
I wonder how much the bonus zen you can get this month may be contributing? How many people took the 15% extra offer (I did). More zen around will devalue it against AD as well as the other factors already listed.
keobiaaMember, Neverwinter Beta Users, Neverwinter Guardian UsersPosts: 0Arc User
edited June 2013
When masses of AD are pumped into the system by the founders packs(2 million/600k, respectively) why are you surprised that the value of AD has increased dramatically after 2 months. Plenty of system features eat AD permanently(AH fees, Vendor items, Mount training, crafting).
The only new diamonds being put into the economy are generated by invoking and the few masochists that do all the daily quests for a few thousand more.
Basically AD is becoming more valuable compared to Zen due to diminishing amounts available to the consumer. To save you from TL;DR basically it's easier to purchase zen than to work for the amount of AD. Nobody is destroying the economy, it's mainly the market is becoming stabilized. When the game first release everyone is flushed with AD (due to the founder pack) hence the value of AD was greatly inflated 500: 1, now that the supply of AD has been used up there's greater demand for AD than Zen hence increasing the value of AD.
While AD value skyrockets, the value of the goods in our inventories and on the auction house plummets. So fast and so hard that many things have gone well beyond the point where they are selling for less than it cost us to craft/fuse/acquire the goods. Er, I use "selling" loosely; they're listed at insanely low prices, but barely anything is actually selling.
Case and point: Just two or three days ago, [Dark Enchantment, Rank 7] was selling for around 300k AD. 280k at the very least, 320k at the most. And they were going pretty fast, fast enough for the going price to bounce up and down, as it should. Lowest buyout now, just a couple of days later? 185k AD. And that's not an outlier, there's lots of them for similar prices. Nor is it just dark enchantments, nor is it just enchantments. From 300k to under 200k in a matter of days. That's less than the cost to make a Dark Rank 7! In fact, it's less than just the combined cost of the lower rank enchants that it takes to make them. Not counting fusion costs. Not counting AH tax. And Rank 7s don't drop, barring a very lucky coffer; you have to make them through fusion, at a risk of fusion failure or ward.
So how and why are they selling for less than the cost of the materials?
Because the market IS crashing. It's not stabilizing... Well, not unless you mean in the sense that the aftermath of an explosion is quiet and stable, once the dust settles. People aren't buying. People are hoarding AD. Sellers and merchants see this and panic. They go into "liquidate" mode because all their assets are losing value by the minute. So they break out their reserve stock and throw it all up at break-neck prices.
"SELL SELL SELL OH GOD EVERYTHING MUST GO!"
But nobody is buying. And the undercutting continues in a desperate attempt to cover losses. Not even make money anymore, just minimize losses at this point. And so prices drop more. And still nobody is buying. And the vicious cycle continues.
This is not stability. It is a recession.
Will there be stability at the end of it? Well, sure, it's always quiet after a storm.
But, right now, the sky is falling.
Now, if you'll excuse me, I need to find a tall building.
PS: Somewhat ironically, it is actually a very good time to be buyer. As recessions usually are. Prices will be hitting rock bottom pretty quick here and you can make out like a bandit if you buy at the right time.
I LOLed when I read OP stating that Cryptic wants the zen/ad value to keep "tanking." The exact opposite was said when zen shot up towards the 500 mark when some people accused Cryptic of purposely raising the zen/ad ratio. The zen/ad exchange is player driven, so blame the players and those those players that exploited. A high zen/ad ratio is good for those that are selling zen and a low zen ratio is good for those that are buying zen. If you buy zen at a low ad rate, then you get more zen for zen market items. It's either one or the other. You can't have it both ways but as some others have said, there will be a point where the exchange rate will reach an equilibrium.
It's like real life, gold is the standard, AD was/is a fad.
You are making a mistake by thinking that. AD will still remain valuable. You going to need it to respec feats, remove gems (you will not be making a perfect gem everytime you get an upgrade) and obviously buy Zen with it.
the problem is more psychological than material. As many of you stated, the huge Astral Diamond surge pumped into the economy made the prices the way they are. So it only makes sense that things settle down after the sinks did their work.
There is also another factor to be considered. Those are sadly the shortcut and boss pulling exploits. This means that gear enters more frequently into the economy making the supply exceeding the demand.
Comments
12 slot bags - 300 zen
24 slot bags - 800 zen
Epic quality companions - 2500 zen
Epic quality mounts - 3000 zen
Rare quality companions - 1500 zen
Rare quality mounts - 2000 zen
Coalescent ward - 600 zen
Enchanted Keys - 100 zen
Enchanted Keys x10 - 900 zen
Respec tokens - 500 zen
Profession asset pack - 1200 zen
Profession booster pack - 250 zen
What Class Are You?
The only new diamonds being put into the economy are generated by invoking and the few masochists that do all the daily quests for a few thousand more.
All well and true except for the bolded.
The sky IS falling for the merchants among us.
While AD value skyrockets, the value of the goods in our inventories and on the auction house plummets. So fast and so hard that many things have gone well beyond the point where they are selling for less than it cost us to craft/fuse/acquire the goods. Er, I use "selling" loosely; they're listed at insanely low prices, but barely anything is actually selling.
Case and point: Just two or three days ago, [Dark Enchantment, Rank 7] was selling for around 300k AD. 280k at the very least, 320k at the most. And they were going pretty fast, fast enough for the going price to bounce up and down, as it should. Lowest buyout now, just a couple of days later? 185k AD. And that's not an outlier, there's lots of them for similar prices. Nor is it just dark enchantments, nor is it just enchantments. From 300k to under 200k in a matter of days. That's less than the cost to make a Dark Rank 7! In fact, it's less than just the combined cost of the lower rank enchants that it takes to make them. Not counting fusion costs. Not counting AH tax. And Rank 7s don't drop, barring a very lucky coffer; you have to make them through fusion, at a risk of fusion failure or ward.
So how and why are they selling for less than the cost of the materials?
Because the market IS crashing. It's not stabilizing... Well, not unless you mean in the sense that the aftermath of an explosion is quiet and stable, once the dust settles. People aren't buying. People are hoarding AD. Sellers and merchants see this and panic. They go into "liquidate" mode because all their assets are losing value by the minute. So they break out their reserve stock and throw it all up at break-neck prices.
"SELL SELL SELL OH GOD EVERYTHING MUST GO!"
But nobody is buying. And the undercutting continues in a desperate attempt to cover losses. Not even make money anymore, just minimize losses at this point. And so prices drop more. And still nobody is buying. And the vicious cycle continues.
This is not stability. It is a recession.
Will there be stability at the end of it? Well, sure, it's always quiet after a storm.
But, right now, the sky is falling.
Now, if you'll excuse me, I need to find a tall building.
PS: Somewhat ironically, it is actually a very good time to be buyer. As recessions usually are. Prices will be hitting rock bottom pretty quick here and you can make out like a bandit if you buy at the right time.
You are making a mistake by thinking that. AD will still remain valuable. You going to need it to respec feats, remove gems (you will not be making a perfect gem everytime you get an upgrade) and obviously buy Zen with it.
the problem is more psychological than material. As many of you stated, the huge Astral Diamond surge pumped into the economy made the prices the way they are. So it only makes sense that things settle down after the sinks did their work.
There is also another factor to be considered. Those are sadly the shortcut and boss pulling exploits. This means that gear enters more frequently into the economy making the supply exceeding the demand.