As expected, quite a few people put up their their Astral Diamonds from the founder packs at 500:1. I bought about $140 worth of ADs at that rate, either for future use or to re-sell them when the exchange rate goes down to 300:1 or better. Might buy another million or so, though it seems fewer people are now offering at 500:1. (It is a little on the speculative end, but in STO and CO we have seen stabilized rates at 200:1.)
Have you been buying ADs? Or were you happy that you sold yours for Zen, regardless of the rate?
As expected, quite a few people put up their their Astral Diamonds from the founder packs at 500:1. I bought about $140 worth of ADs at that rate, either for future use or to re-sell them when the exchange rate goes down to 300:1 or better. Might buy another million or so, though it seems fewer people are now offering at 500:1. (It is a little on the speculative end, but in STO and CO we have seen stabilized rates at 200:1.)
Have you been buying ADs? Or were you happy that you sold yours for Zen, regardless of the rate?
Selling AD for Zen at 500:1 is shortsighted and a plain bad idea. Now is the absolute best time to buy Zen and exchange and store it as AD, it will only grow in value (it can't depreciate since 500:1 is the ceiling). Within a couple months it will have doubled in value, if not more.
That is how I see it too, but surprisingly many people sold at 500:1. Every time I looked in the past few days, I could have bought them at that rate. But I think some people might just want the Zen now, and at that rate it is probably very easy to find a buyer. I'm contemplating to sell another 5000 Zen today, but .. well, I might.
for some reason my account is limited to $100 per day (probably as a new perfect world gamer) i'm pumping $100 each day into zen to buy up AD lol. i sent a ticket to support but they wont increase my limit. oh well there loss, i was spending $2k per week on legend of the cryptids and that is a phone game...
for some reason my account is limited to $100 per day (probably as a new perfect world gamer) i'm pumping $100 each day into zen to buy up AD lol. i sent a ticket to support but they wont increase my limit. oh well there loss, i was spending $2k per week on legend of the cryptids and that is a phone game...
I have lower limits. I did drop another €50 and bought ADs just now. Sitting at around 10M ADs at the moment. Part of me thinks this is just a little crazy, but I actually feel that the game's great and has a future. There's some cash store stuff I want to buy down the road, but I don't have to have it just now, so this may actually make it cheaper eventually.
I have lower limits. I did drop another €50 and bought ADs just now. Sitting at around 10M ADs at the moment. Part of me thinks this is just a little crazy, but I actually feel that the game's great and has a future. There's some cash store stuff I want to buy down the road, but I don't have to have it just now, so this may actually make it cheaper eventually.
it is also a good idea to hold onto those nightmare boxes for now too.
If Cryptic does like they did in STO and CO those boxes will eventually not drop or be buyable anymore, causing their relative value to go through the roof. . .
I bought about $140 worth of ADs at that rate, either for future use or to re-sell them when the exchange rate goes down to 300:1 or better.
Wouldn't it be ultimately be better if you just waited and bought the AD when it was 300 to 1Zen from someone selling it for that price, or even a lower price? I'm not sure of the math logic behind you buying Zen at the highest AD rate only to sell it again at a lower rate. Wouldn't you ultimately lose out?
As for me, I'm only level 37 now and I plan to only buy Zen/AD/store items when I'm level 60 & they are on sale/discounted or when trading in the market place clearly favors one ratio over the other.
:cool:PLAY TO WIN:cool:|"A light in the darkness."
Wouldn't it be ultimately be better if you just waited and bought the AD when it was 300 to 1Zen from someone selling it for that price, or even a lower price?
500:1 is the cheapest possible price you can get AD for. For 1000 Zen ($10) you get 500k AD. When (if) the exchange rate stabilizes at 250:1 (the supported range is 50-500:1) and I exchanged those 500k AD back to Zen, I would get 2000 Zen ($20).
maiku217Member, Neverwinter Beta Users, Neverwinter Hero Users, Neverwinter Guardian Users, Neverwinter Knight of the Feywild UsersPosts: 0Arc User
edited April 2013
I wish I could pump a bit more into this game also. I can only do $200AUD/day, so currently $800. I wonder why there's a cap..
Have managed to save up to..
Spent a bit on professions. Level 5 leather/16 Leadership.
Imagine ten thousand free-to-play players grinding 5k AD every day with five accounts. They could potentially pump 50 million AD to the market for sale for zen every day. With 500:1 exchange rate that amount would be purchasable for 100k zen. If $1 buys 100 zen and the rate is 500:1, that's $1000 dollars worth of AD on the market every day generated by 10k players. It is possible that after initial rush some people will stop spending real money on the game because their in-game assets will be saturated at a certain point, and then the value of zen will start to increase.
This type of inflation of in-game currency in relation to real life currency has been the case in most MMO games. Many free-to-play players know this from experience in previous MMO games and during the next 2-3 months they will be actively grinding AD and dumping them on the market hoping to get zen while there is an increased number of players buying zen and spending it on in-game items.
However, in multiplayer Dungeons & Dragons games the proportion of adults older than 25-30 is relatively high compared with the proportion of players younger than 25-30. Consequently, the number of players who spend a lot of time grinding and attempting to exchange in-game currency for real life money currency may be lower in Neverwinter than in some other MMO games.
However, in multiplayer Dungeons & Dragons games the proportion of adults older than 25-30 is relatively high compared with the proportion of players younger than 25-30. Consequently, the number of players who spend a lot of time grinding and attempting to exchange in-game currency for real life money currency may be lower in Neverwinter than in some other MMO games.
Actually, I think the situation in Neverwinter will be pretty much the same as in Star Trek Online and in Champions Online. Why? One is Star Trek Online, so it has the same proportion of older gamers - all the Star Trek fans. For Champions Online, you have older comic book fans, plus all the refugees from City of Heroes, which definitely had an older demographic.
I'm no economist, but I think in Star Trek Online, we've seen pretty clear supply and demand trends in operation. The value of Zen dropped and the relative value of dilithium (diamonds) increased...when new timer-based systems and vendors were introduced, ones that needed dilithium.
So suddenly a lot more people want dilithium, bad enough to buy it. And the people who usually sell dilithium probably aren't selling so much, because they need dilithium for their own gear. Demand for dilithium goes up, supply goes down. Relative value of Zen takes a dive.
But when Cryptic releases some new really cool and really awesome thing on the Zen store, like a starship...suddenly everyone wants Zen, and all the free players are trying to trade dilithium so they can get the new Zen-only shinies. And so the relative value of Zen goes up, the value of dilithium goes down.
Same thing happens when balance changes are made that reduce or increase dilithium earning somehow - tweaks to daily mission payout, cooldown timers, etc. That's a supply-side change for one of the currencies, so it has an impact.
The major difference in the currency between STO and Neverwinter is that in Energy Credits is the major currency (which is used in auction house and trade between players) and separate from Dilithium and only Dilithium is able to be directly exchanged for Zen. In Neverwinter, Astral Diamonds is the major currency and can be exchanged for Zen, with Gold being of very little use. It will take some time for the economy in Neverwinter to stabilize as players figure out the value of Astral Diamonds, also Cryptic will be sure to introduce new money/resource sinks into the game to help control some of the inflation.
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simms1976Member, Neverwinter Beta Users, Neverwinter Guardian UsersPosts: 2Arc User
edited April 2013
And then the beta ends and launch happens and we all have to start over again from zero.
Or, IMHO, smart people will hold on to all their currency and wait til the economy stabilizes and we can start to see true value. I mean the open beta does not officially start for most of the players for about 20 hours then we will start to see the truer economy.
the rates may go up....since you don't have an actual auction exchange that uses the in game cash.....thus astral diamonds become less valuable....as everyone will start getting floods of them.....so 500 astral diamonds...pfftt....probably will become like 800 to to 1 zen eventualy.
Power without Perception is Spiritually useless and therefore of no true value.
=^_^=
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zovyaMember, Neverwinter Beta Users, Neverwinter Hero Users, Neverwinter Guardian Users, Neverwinter Knight of the Feywild UsersPosts: 0Arc User
edited April 2013
Why is anyone surprised by this, they don't teach economics in school? Supply and demand. All the Heroes and Guardians in game right now with plenty of money and lots of AD. Supply = high. Add a ton of folks Tuesday with 0 AD and suddenly demand goes up.
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keegantir0Member, Neverwinter Beta Users, Neverwinter Guardian UsersPosts: 10Arc User
the rates may go up....since you don't have an actual auction exchange that uses the in game cash.....thus astral diamonds become less valuable....as everyone will start getting floods of them.....so 500 astral diamonds...pfftt....probably will become like 800 to to 1 zen eventualy.
The cap is 500. Thus, if you buy today at 500, you will never have a worse rate going back to Zen. Even if the expected AD deflation doesn't occur, you will still break even, but if the expected deflation does occur, you can double your zen, or more.
Example:
1. You have 1,000 Zen
2. You buy 50,000 AD with that Zen at 500:1
If the rate doesn't go lower:
3. You sell 50,000 AD for 1,000 Zen (break even)
If the rate goes down to 250:1:
3. You sell the 50,000 AD for 2,000 Zen (double your money)
If the rate goes down to 100:1:
3. You sell the 50,000 AD for 5,000 Zen (5 times what you started with)
While it probably won't go all the way down to 100:1, based on the precedent set by other games, it will most likely go down to 250:1 or 200:1.
All of this means that if you are going to spend money on this game, the best way to do it is to buy Zen for cash now and use that Zen to buy AD at 500:1.
- new items added by the company, available only for zen
- some players stopping spending real cash on the game and converting to free-to-play players
- increased competition among free-to-play players making astral diamonds in the game
- players buying items and astral diamonds directly for real cash from quitting players
- one or several players discovering some glitch related to obtaining astral diamonds and abusing it
Decrease of zen value:
- some new players buying zen and getting in-game items and astral diamonds from the auction house
- discount sales of zen by the game company
- sinkholes for astral diamonds in the game
- competition among paying players for some new desirable items or features available only for astral diamonds
As expected, quite a few people put up their their Astral Diamonds from the founder packs at 500:1. I bought about $140 worth of ADs at that rate, either for future use or to re-sell them when the exchange rate goes down to 300:1 or better. Might buy another million or so, though it seems fewer people are now offering at 500:1. (It is a little on the speculative end, but in STO and CO we have seen stabilized rates at 200:1.)
Have you been buying ADs? Or were you happy that you sold yours for Zen, regardless of the rate?
sto was until recently 89:1 not sure what happened but it suddenly shot up to 137:1
it's not been 200:1 in a very, very long time
0
dixa1Member, Neverwinter Beta Users, Neverwinter Guardian UsersPosts: 4Arc User
unlike co and sto there are a LOT of sinkholes for diamonds in this game. sto just has one-time purchases from dil and fleet stores and fleet upgrades.
sto was until recently 89:1 not sure what happened but it suddenly shot up to 137:1
Opinions differ. There's an event running right now that grants mass amounts of dilithium. Also there was an exploit that allowed people to rack up millions (and they were only banned recently). Finally, people may be stockpiling Zen for the expansion coming up in three weeks.
"Participation in PVP-related activities is so low on an hourly, daily, weekly, and monthly basis that we could in fact just completely take it out of STO and it would not impact the overall number of people [who] log in to the game and play in any significant way." -Gozer, Cryptic PvP Dev
it is also a good idea to hold onto those nightmare boxes for now too.
If Cryptic does like they did in STO and CO those boxes will eventually not drop or be buyable anymore, causing their relative value to go through the roof. . .
The cap is 500. Thus, if you buy today at 500, you will never have a worse rate going back to Zen. Even if the expected AD deflation doesn't occur, you will still break even, but if the expected deflation does occur, you can double your zen, or more.
All of this means that if you are going to spend money on this game, the best way to do it is to buy Zen for cash now and use that Zen to buy AD at 500:1.
I would add a cautionary note - this relies on the fixed maximum 500:1 rate, which is an arbitrary number set by Cryptic. There is absolutely nothing stopping them from deciding to change that to 1000:1 or more tomorrow.
"Participation in PVP-related activities is so low on an hourly, daily, weekly, and monthly basis that we could in fact just completely take it out of STO and it would not impact the overall number of people [who] log in to the game and play in any significant way." -Gozer, Cryptic PvP Dev
I would add a cautionary note - this relies on the fixed maximum 500:1 rate, which is an arbitrary number set by Cryptic. There is absolutely nothing stopping them from deciding to change that to 1000:1 or more tomorrow.
Very true and worth bearing in mind. However, remember that right now the market is saturated with AD from the founders' pack and relatively little ZEN. Also AFAIK the other PW games have always had limits of 50-500 AD:ZEN so while possible it is unlikely that they will make such a drastic change in the near future.
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zebularMember, Neverwinter Moderator, NW M9 PlaytestPosts: 15,270Community Moderator
edited April 2013
Notice of Moderation:
. . . . .Several posts have been removed from this discussion for being rude remarks about how people spend their money. If what one is about to say is at all rude, insulting, or otherwise rule-violating, then do not post it. Opinions can be posted without the use of vulgarities, personal attacks or other rude behavior. If one cannot do this, then do not post on these forums. It is as simple as that. Do not reply to this Notice of Moderation, instead contact us by PM or Support, as discussing Moderator Action on the forums is not allowed.
Comments
Selling AD for Zen at 500:1 is shortsighted and a plain bad idea. Now is the absolute best time to buy Zen and exchange and store it as AD, it will only grow in value (it can't depreciate since 500:1 is the ceiling). Within a couple months it will have doubled in value, if not more.
Checked the exchange.
Blew Diet Double Dew all over my monitor.
Cleaned said monitor.
Then proceeded to exchange $400 zen into AD. . .
I think I just threw up a little
can i be your best friend?
it is also a good idea to hold onto those nightmare boxes for now too.
If Cryptic does like they did in STO and CO those boxes will eventually not drop or be buyable anymore, causing their relative value to go through the roof. . .
Wouldn't it be ultimately be better if you just waited and bought the AD when it was 300 to 1Zen from someone selling it for that price, or even a lower price? I'm not sure of the math logic behind you buying Zen at the highest AD rate only to sell it again at a lower rate. Wouldn't you ultimately lose out?
As for me, I'm only level 37 now and I plan to only buy Zen/AD/store items when I'm level 60 & they are on sale/discounted or when trading in the market place clearly favors one ratio over the other.
500:1 is the cheapest possible price you can get AD for. For 1000 Zen ($10) you get 500k AD. When (if) the exchange rate stabilizes at 250:1 (the supported range is 50-500:1) and I exchanged those 500k AD back to Zen, I would get 2000 Zen ($20).
Have managed to save up to..
Spent a bit on professions. Level 5 leather/16 Leadership.
Update: 13.5mil AD now!
This type of inflation of in-game currency in relation to real life currency has been the case in most MMO games. Many free-to-play players know this from experience in previous MMO games and during the next 2-3 months they will be actively grinding AD and dumping them on the market hoping to get zen while there is an increased number of players buying zen and spending it on in-game items.
However, in multiplayer Dungeons & Dragons games the proportion of adults older than 25-30 is relatively high compared with the proportion of players younger than 25-30. Consequently, the number of players who spend a lot of time grinding and attempting to exchange in-game currency for real life money currency may be lower in Neverwinter than in some other MMO games.
Actually, I think the situation in Neverwinter will be pretty much the same as in Star Trek Online and in Champions Online. Why? One is Star Trek Online, so it has the same proportion of older gamers - all the Star Trek fans. For Champions Online, you have older comic book fans, plus all the refugees from City of Heroes, which definitely had an older demographic.
I'm no economist, but I think in Star Trek Online, we've seen pretty clear supply and demand trends in operation. The value of Zen dropped and the relative value of dilithium (diamonds) increased...when new timer-based systems and vendors were introduced, ones that needed dilithium.
So suddenly a lot more people want dilithium, bad enough to buy it. And the people who usually sell dilithium probably aren't selling so much, because they need dilithium for their own gear. Demand for dilithium goes up, supply goes down. Relative value of Zen takes a dive.
But when Cryptic releases some new really cool and really awesome thing on the Zen store, like a starship...suddenly everyone wants Zen, and all the free players are trying to trade dilithium so they can get the new Zen-only shinies. And so the relative value of Zen goes up, the value of dilithium goes down.
Same thing happens when balance changes are made that reduce or increase dilithium earning somehow - tweaks to daily mission payout, cooldown timers, etc. That's a supply-side change for one of the currencies, so it has an impact.
I expect the same to happen in Neverwinter.
Or, IMHO, smart people will hold on to all their currency and wait til the economy stabilizes and we can start to see true value. I mean the open beta does not officially start for most of the players for about 20 hours then we will start to see the truer economy.
Power without Perception is Spiritually useless and therefore of no true value.
=^_^=
The cap is 500. Thus, if you buy today at 500, you will never have a worse rate going back to Zen. Even if the expected AD deflation doesn't occur, you will still break even, but if the expected deflation does occur, you can double your zen, or more.
Example:
1. You have 1,000 Zen
2. You buy 50,000 AD with that Zen at 500:1
If the rate doesn't go lower:
3. You sell 50,000 AD for 1,000 Zen (break even)
If the rate goes down to 250:1:
3. You sell the 50,000 AD for 2,000 Zen (double your money)
If the rate goes down to 100:1:
3. You sell the 50,000 AD for 5,000 Zen (5 times what you started with)
While it probably won't go all the way down to 100:1, based on the precedent set by other games, it will most likely go down to 250:1 or 200:1.
All of this means that if you are going to spend money on this game, the best way to do it is to buy Zen for cash now and use that Zen to buy AD at 500:1.
- new items added by the company, available only for zen
- some players stopping spending real cash on the game and converting to free-to-play players
- increased competition among free-to-play players making astral diamonds in the game
- players buying items and astral diamonds directly for real cash from quitting players
- one or several players discovering some glitch related to obtaining astral diamonds and abusing it
Decrease of zen value:
- some new players buying zen and getting in-game items and astral diamonds from the auction house
- discount sales of zen by the game company
- sinkholes for astral diamonds in the game
- competition among paying players for some new desirable items or features available only for astral diamonds
sto was until recently 89:1 not sure what happened but it suddenly shot up to 137:1
it's not been 200:1 in a very, very long time
unlike co and sto there are a LOT of sinkholes for diamonds in this game. sto just has one-time purchases from dil and fleet stores and fleet upgrades.
Opinions differ. There's an event running right now that grants mass amounts of dilithium. Also there was an exploit that allowed people to rack up millions (and they were only banned recently). Finally, people may be stockpiling Zen for the expansion coming up in three weeks.
You can't sell/trade them.
I would add a cautionary note - this relies on the fixed maximum 500:1 rate, which is an arbitrary number set by Cryptic. There is absolutely nothing stopping them from deciding to change that to 1000:1 or more tomorrow.
Very true and worth bearing in mind. However, remember that right now the market is saturated with AD from the founders' pack and relatively little ZEN. Also AFAIK the other PW games have always had limits of 50-500 AD:ZEN so while possible it is unlikely that they will make such a drastic change in the near future.
. . . . . Several posts have been removed from this discussion for being rude remarks about how people spend their money. If what one is about to say is at all rude, insulting, or otherwise rule-violating, then do not post it. Opinions can be posted without the use of vulgarities, personal attacks or other rude behavior. If one cannot do this, then do not post on these forums. It is as simple as that. Do not reply to this Notice of Moderation, instead contact us by PM or Support, as discussing Moderator Action on the forums is not allowed.
Thank you,
Zebular, PWE Community Moderator
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