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Did Cryptic ever said what they going to do when Zen price hits 500 cap?

sternerrsternerr Member Posts: 88 Arc User
edited December 2013 in General Discussion (PC)
Because that moment is coming soon. Maybe it's time to lower AD costs so people would actually spend them on tasks instead of hoarding them to buy Zen and keys in store?
Post edited by sternerr on

Comments

  • dkcandydkcandy Member Posts: 1,555 Bounty Hunter
    edited December 2013
    sternerr wrote: »
    Because that moment is coming soon. Maybe it's time to lower AD costs so people would actually spend them on tasks instead of hoarding them to buy Zen and keys in store?

    They will do nothing. 500 Was price back at start of game and many of us are making tons of AD from playing the Zen/AD Exchange.
  • silvergryphsilvergryph Member, NW M9 Playtest Posts: 740 Arc User
    edited December 2013
    Markets fluctuate. This bubble will burst. I suspect it is largely fueled by the huge influx of AD into the game from thousands of 1 million AD codes being given out by NVIDIA in their F2P pack. I know I applied several of them, and word is that you can apply at least 20 to a single account.
  • sternerrsternerr Member Posts: 88 Arc User
    edited December 2013
    Markets fluctuate. This bubble will burst.

    I honestly don't remember when we had Zen prices lower than 380. In summer?
    And there is always was some explanation, aka waukeen, key discounts etc. Perhaps there is just too much accounts with 10+ characters doing leadership 24/7, and too small use for AD for people who already geared up.
  • imsmithyimsmithy Member Posts: 1,378 Arc User
    edited December 2013
    sternerr wrote: »
    Did Cryptic ever said what they going to do when Zen price hits 500 cap?

    Rub their hands together gleefully and laugh in a maniacal way while they check their online bank accounts?

    Nah just messing , guess they may raise it until the market settles down?
  • mconosrepmconosrep Member Posts: 0 Arc User
    edited December 2013
    sternerr wrote: »
    I honestly don't remember when we had Zen prices lower than 380. In summer?
    And there is always was some explanation, aka waukeen, key discounts etc. Perhaps there is just too much accounts with 10+ characters doing leadership 24/7, and too small use for AD for people who already geared up.

    Actually that is a good point - there weren't that many AD sinks before other than the AH. Now with the requirement for AD for making higher level enchantment perhaps things will change.....
  • abell39abell39 Member Posts: 1,175 Arc User
    edited December 2013
    People are exchanging for Zen to use on new character slots (for their new HRs) and for enchanted keys while they're still on sale to open the new lockboxes. Eventually demand for both will be satisfied and the rate will go down again because not enough people will be willing to exchange their AD at that rate for other Zen-shop stuff.

    Personally I exchanged for char slots a month or two ago to save a space for my HR and the new lockboxes don't have anything that interests me, so I'm waiting it out.
    Kerensa Loreweaver, level 60 DC | Rilla Turtledove, level 60 CW | Calvin Meriwether, level 60 TR
    Kaylee Krankenwagen, level 60 GF | Tavandruil Wayfinder, level 49 GWF | Aldith Langley, level 51 HR
  • sternerrsternerr Member Posts: 88 Arc User
    edited December 2013
    mconosrep wrote: »
    Now with the requirement for AD for making higher level enchantment perhaps things will change.....

    Actually lot of people report the opposite, cost for 7-10 is lower now.
  • twstdechotwstdecho Member, Neverwinter Beta Users, Neverwinter Knight of the Feywild Users Posts: 630 Bounty Hunter
    edited December 2013
    Is there a fee associated with the Zen/AD exchange?
  • silvergryphsilvergryph Member, NW M9 Playtest Posts: 740 Arc User
    edited December 2013
    twstdecho wrote: »
    Is there a fee associated with the Zen/AD exchange?

    No there is not.
  • radtatatradtatat Member, Neverwinter Beta Users Posts: 201
    edited December 2013
    I am assuming lots of people are buying Zen now and getting AD from the AD/Zen exchange, which is good because I think Cryptic deserves to gain from the new module they worked so hard on. Logically, with many people buying Zen, the exchange rate should go down. But I guess the demand for Zen is higher than the supply (even though the Zen supply is higher than norm currently I think) due to all the new stuff and promotions.

    The 500 ceiling has been reached a few minutes ago and personally, I will not be exchanging for Zen till the rate drops back to 'normal'. Gone are the days where the rate is 300AD to 1Zen....to get it back to that rate, Cryptic has to stop pumping in AD/RAD via events or promotions. Either way, I am sleeping happy with my AD under my pillow for the next few weeks. :)
  • obsiddiaobsiddia Member, NW M9 Playtest Posts: 1,025 Arc User
    edited December 2013
    Sorry this stuff is over my head. Haven't tried exchanging yet. I'd like to trade
    my Zen for AD to buy a rustmonster. Is the rate at its all time best or worst for this?
    Did you really think anyone could steal the power of the god of thieves?
  • sockmunkeysockmunkey Member Posts: 4,622 Arc User
    edited December 2013
    Right now, it should be at or very close to 500 AD per Zen, that is the absolute cap. It cant possibly get any better then it currently is. At least for converting Zen to AD.

    Converting AD to Zen, on the other hand, really not a good time.
  • deathsremnantdeathsremnant Member, Neverwinter Beta Users Posts: 185
    edited December 2013
    Nothing, theres a cap for a reason
  • brandyyyybrandyyyy Member Posts: 70
    edited December 2013
    Nothing, theres a cap for a reason

    ya I made a thread in the feedback forums where we were discussing what exactly that reason was...

    Quote Originally Posted by abell39 View Post
    The only reason Zen is so high right now is because we have new lockboxes and a sale on keys for them and a new class and a new booster pack to go with the new class. All of these things have driven up demand because people are exchanging to get keys, character slots, etc. It will rapidly fall again once demand has settled down. There is absolutely no reason to increase the current max -- 500 AD per Zen is high enough. Any higher, and any meaningful amount of Zen would be out of reach.

    I guess we disagree politically on what the purpose of the limit is. Communist leaning ppl, like you, think its to set the price so there is no change to deal with, even at the expense of efficiency. I think I am more of a capitalist. I think the limit is just to stop orginized criminials from driving it to an insane level if they find an effective criminial means to do so. Other than that the sky is the limit, let the market decide what ppl will pay to get the new class NOWWWWW and then let em buy it if they want... and let me make a nice profit servicing thier needs :P
  • brandyyyybrandyyyy Member Posts: 70
    edited December 2013
    radtatat wrote: »
    I am assuming lots of people are buying Zen now and getting AD from the AD/Zen exchange, which is good because I think Cryptic deserves to gain from the new module they worked so hard on. Logically, with many people buying Zen, the exchange rate should go down. But I guess the demand for Zen is higher than the supply (even though the Zen supply is higher than norm currently I think) due to all the new stuff and promotions.

    The 500 ceiling has been reached a few minutes ago and personally, I will not be exchanging for Zen till the rate drops back to 'normal'. Gone are the days where the rate is 300AD to 1Zen....to get it back to that rate, Cryptic has to stop pumping in AD/RAD via events or promotions. Either way, I am sleeping happy with my AD under my pillow for the next few weeks. :)

    well AD comes into the game over time. new expansions and classes and stuff put more demand on zen. so I would say the longer they do absolutly nothing update wise, the more the price will drop. But is that rly good? I would say its something of a measure of how well Cryptic is performing at keeping us entertained and wanting the zen for the latest new features.
  • brandyyyybrandyyyy Member Posts: 70
    edited December 2013
    actually I was just thinking about this. ya these amature armchair economists and game level designers...

    anyways, more AD over time won't bring the absolute price down but for an individual tradeskilling or whatever you know you will eventually get it. so the effective cost to you kinda goes down over time. But I stand by, what I think you said to, new expansions deff drive the price up into a bubble. Still I think you should let it happen. I just wana lose all my money in an online burst thing in a gammmme. Ima gonna go lose my house IRL if you don't let me lol
  • ambisinisterrambisinisterr Member, Neverwinter Moderator Posts: 10,462 Community Moderator
    edited December 2013
    Ceilings and Floors Exist for the Safety of the Consumer.

    Cryptic/PWE makes no more or less on the game based on the Zen Market. It exists entirely to prevent the economy from completely crashing or being completely inflated.

    The 50 AD minimum protects the zen purchaser to ensure that their Zen is never less than 50 AD.
    The 500 AD cap protects the free to play players from ever having their AD (time in game) with less than 500 AD per Zen.

    They are fail safes put in place to protect the players, not the company.
  • snottysnotty Member, NW M9 Playtest Posts: 476 Arc User
    edited December 2013
    What will they do? im going to say they will have a party because that means a lot of people are buying zen.
  • sternerrsternerr Member Posts: 88 Arc User
    edited December 2013
    ITS HAPPENING

    Right now there is 145k Zen left for AD exchange in the entire game. Hurry and get yours!
    snotty wrote: »
    What will they do? im going to say they will have a party because that means a lot of people are buying zen.

    I think it's exactly the opposite. Not nearly enough players are buying zen with RL money to balance all that stream from AD farmers.
  • xmousepadxxmousepadx Member Posts: 381 Bounty Hunter
    edited December 2013
    Just count 1 and 1 together....
    U have the ''most'' used zen store item on sale= keys AND u have new content aka new/more players AND new lockboxes which have the best loot out of every other lockbox! AND!!! u had a 15% bonus on buying Zen!
    So this week Zen will be close to 500!
    GIve it another week and Zen well go down to 400!
  • vrtesseractvrtesseract Member Posts: 631 Arc User
    edited December 2013
    right now this is the BEST time to trade zen for ad to buy that rust monster. as rust monsters are going for as cheap as they ever will. araneas are lucky to go below 2 mill, psudo dragons are also crazy plus you get bonus zen with zen cards and a free pet if you transfer 5k zen into nw.

    these "Sales" and promotions are put into place because not eough people are buying zen. when people start getting the idea into their head to buy zen cards combined with the glut if rust monsters and other box items on ah and the new items in the bazarr. my hope is it will drop the exchange rate to normal 300-350ish range

    but in the mean time im getting me some new outfits and transferring all my zen into ad before the price plummets.
  • chocobofarmerchocobofarmer Member Posts: 512 Arc User
    edited December 2013
    Nothing stops someone from controlling the exchange. A bot could control the market, and most likely does.
  • haelrahaelra Member Posts: 220 Arc User
    edited December 2013
    I think it's a good thing there's lower and upper bounds on the prices. But I'll caveat that by saying that if the rate stayed at or very close to either bound, then they'd need to look at the sources and sinks of AD, or even the value of Zen itself, and make some adjustments.

    When the natural market price would fall outside the enforced consumer "safety" range for an extended period, then something's wrong.
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