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aznese guy
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Hey Gameamp, Aznese Guy here. I had an idea I would like to share and see what people think here at gameamp. Here it is:
I don't know how many people here buy high end items, but for those that do I have an idea to help. I think people should use LOCKPICKS instead of ECTOS for buying high end items. The market is not doing so well mostly because of the ever dropping price of ectos. I remember when they were 9k and now look, half that price. When people buy high end items whatever the ecto price is, they sell the item for the same amount of ecto that they got it for. It doesn't matter if the ecto price has dropped since then, but a lot of GW people are very single minded. For example, I got my Tormented Shield for 100k+80 ecto. A couple weeks later I sell it for 100k+80 ecto but the ecto price DROPPED by 1k. I then went on to lose a good 50k. I could've tried to sell it for 100k+85 to get my money back but since most people are so single minded they wouldve seen it as a rip off.
Well with all that said, these are my reasons for switching in lockpicks for ectos.
1. Lockpicks have a steady price, never changing, and very easy to access.
2. People want lockpicks. Whether it's for HM chest running or for selling people want them, there is a very high demand.
3. With the steady price of about 1.2k per lockpick the market prices of nice high end items wont drop and people will be happy with the fact they didnt lose 100k by selling it a week later.
4. Same price for an item, just more lockpicks needed. Say if you were getting a 100k+10 ecto item, and ectos were 5k, thats about 50 lockpicks you need, and you get them much easier.
5. Ease up on the ecto market. Ectos were once rare, and this way we could keep it like that.
6. If you want to buy a nice item, you can easily get a lockpick whether from the merchant or from a person in about 2 minutes, instead of having to farm it or wait an hour for someone to sell you some ectos.
Those are just some of my reasons, and are my main reasons to back up this idea. Because they are sold at merchants, they can be easily accessed, and the price wont go up and down, screwing people up. I myself would rather pay 100k+50 lockpicks for a good item, because more people want lockpicks and i can use lockpicks if i want to for chests and nice golds while ectos are for FoW armor only. Also, to the more experienced players it'll save the prestige of FoW armor. Now FoW is a measly 600k or when it used to be 1.3 mil. The price of FoW armor has dropped so much when I had the chance to get it I saw so many people with it I thought, "screw it, there is not much prestige left in it" which I think is true because of the massive price drop.
I know people want cheaper FoW, which can be a bad thing. Cheaper FoW because of cheap and very easy to get ectos means FoW is gonna be like 15k armor soon enough and not really that cool.
So with the whole lockpick thing you could see the market get stronger and I myself would be happier along with a lot of other people. I think it would stabilize the market because ecto prices keep screwing it up after they fall by 1k every couple months.
I know this probably won't happen but it's just an idea so don't flame me for it.
With all this said, thanks for reading, and I would LOVE to hear feedback. Enjoy!
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| 07/24/07 20:34 |
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WilliamsburgVA
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This sounds like an excellent idea. + Cred
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| 07/24/07 21:03 |
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Shuuga Da Bleeah
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| QUOTE | | This sounds like an excellent idea. + Cred |
/second the motion
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| 07/24/07 21:05 |
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Iccold
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| QUOTE | | This sounds like an excellent idea. + Cred |
i feel the same way about this it seems as if the ruby prices have gone up to around 6.5k now.Ecto is only around 4.5k now i feel as if useing lockpicks is a great idea or rubys for a change instead of ectos.
-Iccold
***THIS POST HAS BEEN EDITED***
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| 07/24/07 21:10 |
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Slightly Stoopid
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I AGREE
It's depressing to me how much the prices of things have dropped.
Everything is too cheap
But i doubt the GW community will accept this, though it would be an improvement
change like that would not be easy
but if this goes through and everyone starts using lockpicks as >100k currency, then the price will go down immensely, just like with ectos
you wouldnt get a fair deal buying from merchant, then you would have to search and spam for someone selling them at a fair current price
and thus a whole new problem is created
Good idea anyway, hope everyone sees it that way
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| 07/24/07 21:10 |
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aznese guy
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Well you have to understand where lockpicks come from. Some of the lockpicks(very few %) come from HM dropping. MOST of the lockpicks come from people in AB alliances who own a town and get them from the merchant in the town they own for 1.2k. They then get 100 of them or so and sell them. There will not be a drought in lockpicks as there are in ectos because they mostly come from people who get them from merchants, and merchants dont run out. If you see someone selling a bulk amount of lockpicks its because they got them from the town their alliance owns, they just sell them for 50gp more. With that being said, lockpicks I think would be a great idea since the merchant lockpick price will NEVER go down, and they will be selling for 1.25k each unless the person selling wants to lose money which would make no sense.
I know this wont happen, but I just thought it was a good idea and I wanted to see what the community thinks. Thanks for the feedback already.
quit gw for good. end of story.
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| 07/24/07 21:17 |
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Bubbada Muse
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this is a really great idea. you should try posting it on the other major gw fan sites (yes that includes guru). because tbh, thats where the idea will get the most exposure.
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| 07/24/07 21:18 |
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aznese guy
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| QUOTE | | this is a really great idea. you should try posting it on the other major gw fan sites (yes that includes guru). because tbh, thats where the idea will get the most exposure. |
The thing about guru is it's so huge that I would hate to post it there since I would get flamed like hell for posting it. I was also kinda testing the waters here since we have a much smaller fan base but a way better community :)
quit gw for good. end of story.
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| 07/24/07 21:21 |
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GameMaiden
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I personally would like getting paid in lockpicks, as you said, it's something I can use and I know its value is stationary :-)
The thing I'd worry about is people from those alliances owning towns basically cornering the market on lockpicks, as they would be the only ones who could purchase them for cheaper than the rest of us, which would give them a bit more buying power I would think. Though, I guess that would give alliances more incentive to own a town. *shrug* The thing with ectos is that anyone can farm them if they chose to.
I don't think the market will rise again, though, no matter what currency is used. However, I agree with your point of lockpicks possibly stabilizing it.
/signed petition :-)
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| 07/24/07 21:40 |
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ChaOs Himself
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I think this idea would work because everyone (who doesn't?!) want lockpicks due to HM wich drops pretty good items. After some time maybe a problem in the economy would occur because more lockpicks = more people using them = more HM rare items in the market wich would reduce their price.
With that, ectos could be a little bit ''rarer'' than they are now and i could sell the bunch i have left for a good price :D.
That's a pretty good idea + cred
-ChaOs Himself
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| 07/24/07 21:40 |
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surfin reaper
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Very good idea, i love it......
although i love how the ecto price is dropping because know i can finally get my FoW
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| 07/24/07 21:59 |
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Albino Monktress
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I went w/ ur theory and for now on all my auctions will have keys for exchange rates
http://www.guildwarsguru.com/auction/aucti...%208!&id=538450
see what i mean :)
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| 07/24/07 22:20 |
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King_Of_Vulpes
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WOW best idea ive heard! even though i dont buy high end items bcuz im poor i still will support the idea!
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| 07/24/07 22:37 |
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E T E R N A L
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| QUOTE | | WOW best idea ive heard! even though i dont buy high end items bcuz im poor i still will support the idea! |
haha, i hear that man...
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| 07/24/07 22:53 |
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aznese guy
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thanks for the support guys and gals!
quit gw for good. end of story.
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| 07/24/07 22:57 |
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Demon Slaya of God
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| QUOTE | | The thing with ectos is that anyone can farm them if they chose to. |
You can farm lockpicks =) i get 1 about every 2-3 runs at bergen hot spring run. I've gotten 2 in a row there! Feals a lot like the same drop rate i get for ecto's in UW.
Anyway great idea. Should spread out there. Who cares if a few don't like it! If ppl start accepting it... sooner or later they'll have to switch to it =D. I also would love the ecto prices to go up again... I just started SSing/55ing (able to do both =D) But as soon as ecto prices go up... ppl will switch back to it and the price will go down imo! Hard to play with the economy but we can still fight back with ideas like urs
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| 07/24/07 23:52 |
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mango_monger
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wats the bregun hot springs run ??
and that idea is the best i have heard in a long time!!!
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| 07/25/07 01:01 |
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The_Rejected
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Like the idea. Though then we would have to carry quite a load of lock picks. :P
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| 07/25/07 01:07 |
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Al
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Nice idea Aznese
I myself always sell my lockpicks and there is plenty of buyers so I second this petition.
(Is it a petition? I dunno il just sign :])
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| 07/25/07 01:17 |
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King_Of_Vulpes
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a good way to make money is join an alliance that owns a town and buy lockpicks from the discount merch for 1.2K then sell in Remains Of Sahlahja for 1.3K each, only works in bulk though
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| 07/25/07 01:17 |
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aznese guy
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I'm gonna wait a little more, then i'll probly post it on guru cuz GW admins actually read that site daily so they might see this idea.
The thing about lockpicks is yes, the bulk selling is very simple and easy. good money, good demand, fast selling.
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***THIS POST HAS BEEN EDITED***
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| 07/25/07 01:21 |
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Al
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| QUOTE | a good way to make money is join an alliance that owns a town and buy lockpicks from the discount merch for 1.2K then sell in Remains Of Sahlahja for 1.3K each, only works in bulk though
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Imo that way is too risky because its highly unlikly peolpe buy them for 1.3k. Well iv never seen it happen even in bulks.
Peolpe could just stand in Kamadan , Ask once and be flooded with them for 1.1-1.2k.
EDIT = | QUOTE | | EDIT:1000th Post!!! |
Grats
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| 07/25/07 01:22 |
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King_Of_Vulpes
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actually they do, as long as its cheaper than merch and they are in a rush they dont care
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| 07/25/07 01:24 |
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flipfly2006
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i ilke your idea specialy lockpicks' price being stable... i might go fot it but i still wont sell my 250 ectos... who knows... maybe the ectoprice will rise again ;)
i have an idea: why not make a thread in guru's general discussion so that a lot op ppl would know of this and after a month or so every1 will be tradding with 100k + xx lockpicks ^^
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| 07/25/07 02:44 |
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Kikuta
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So long as you all make the change before I finish buying all my ecto so I can get my FoW armor, I don't really mind at all. I've never bought/sold items for over 100k so it doesn't bother me.
But then again, if it's the ecto price you're aiming to bump up again, you'd be looking at a 1-2k increase at most. People will still farm the hell out of them either way.
But in regards to the idea of having a steady currency to barter with to protect merchants from gold losses, I think it's all being a bit precious. The fault is in the advertised price. If you bought an item for 100k + 50 ecto (let's say ecto is going for 10k a peice at the time of purchase), you're technically buying the item for 600k. Now, if you turned around and thought 'Okay, I bought it for 100k and 50 ecto', not 'I bought it for 600k' that's where you're going wrong. Of course the price of ecto will change, that's why it's poor form to bargain in ecto numbers instead of straight gold numbers. You would make a massive loss asking for 100k + 50 ecto with todays prices, that's why you consider the items current value since you bought it, and advertise a platinum figure for people to work out a correct method of payment, and most importantly get the correct amount of money the item is worth. Now of course the item your buyers may offer as a + to the 100k is under your discretion, you can accept whatever payment you want, it's not up to them.
Now THIS is the important bit. People use ectos because
A) They're extremely valuable (5k-13k merchant price based on what I've seen)
B) They're in huge supply
C) They're highly desirable and easy to sell
And so people use them in high end sales as payment because it's an easy way for the seller to get his money once he sells them all.
Why DON'T we use anything else though, you ask? Rubies, Sapphires and Diamonds are in bleak supply compared to ecto and less desirable / harder to sell. Trading for other items each worth less than or equal to 100k (ie. weapons/equipment and such) results in a lot more pain for the seller, requiring him to sell more than the original item to get the gold he desired for it.
This is why the lockpick idea will work so well, but still prove itself unnecessary - they're as desirable as ecto, and have in infinite supply. They have a steady price which will greatly lessen the seller error as I mentioned before in advertising in the 100k + Bonus payment method, instead of the ???k method. But even still, THIS IS THE SELLERS FAULT IF A LOSS IS MADE due to a misconception in sale figures! You don't NEED to change from ectos to lockpicks, it's just a comfort.
As a summary, there's two things I want to recommend to everyone regardless if the community decides whether or not to use lockpicks as general currency:
1) Advertise your high end sale prices as a total platinum figure, not the 100k limit + Trade.
2) Consider the value of the item(s) the buyer wants to use as extra payment to the 100k. The ease of sale of the item(s) will save you hours of work just to get the money you wanted in the first place.
PS: I still call for the 100k limit to trade to be scrapped.
***THIS POST HAS BEEN EDITED***
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| 07/25/07 02:55 |
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Pickletron
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Same idea was posted on Guru and GWO a while ago :D
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| 07/25/07 05:29 |
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Solas Alainn
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i hope they increase the dro prate fro ectos or somthing as its just way overfarmed, any day of the week peopel people there at any time, prob some bots too.
nice idea. 2 questions tho
stack of ecctos is around 1250k ish
1.thats 5 stacks of picks, witch cant be placed in mat storage so it takes up 5 of your bag slots, think if this catches on would there be a key slot?
2. with the ab towns gettign pcisk for 1.2k, and merches sellign for 1.5k what would be the going. if it was a 1k, then a normal person would apy maybe 100k + 30 keys lets say.
the seller gets 100k and 30k of keys if sold to peopel.
while the buyer spends an extra 50% on keys merchant price so 15k is lost if they bought form merch, 6k lost if in ab town.
whish may discorage some people.
but yeah,lock picks dont fluct + nice idea:)
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| 07/25/07 05:37 |
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B J W E R T
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I absolutely love the idea. There's nothing more that I'd like to do than to sell my ecto horde in storage for it's once superior value.
The major problem that I can see, however, is the sheer amount of people that buy/sell high end items (100k+). Persuading everyone to stop using ectos, and use lockpicks instead, would be a monumental task.
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| 07/25/07 05:49 |
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hikimi
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would love this to happen. specially since i hate the UW and fissure and hate all but one FoW armour.
i seen alot of things sellin fer xx ecto and since i dont get any makes things way to costly fer me. i dont get much money right now but when i do it would help me alot.
and yea although FoW armour looks a bit horrible to me when someone buys one of the good ones it does make me think a bit.
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| 07/25/07 06:13 |
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johny bravo
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Hmm. Off the bat I would say good idea. The lock picks will always have a fairly stable value somewhere between 1250-1350 (as sold by all the town holders). The only problem I see is this. Ecto=~5lockpicks so that mean you now need 5X the storage space to for the same amount of currency.
For me this is no problem b/c I dont think I could buy 250 lockpicks let alone 1250. But for some who want to buy stuff like crystaline swords and what not this may become an issue. Of course at this point they could always fall back on ectos.
So I guess what I am saying is I agree this is a good idea with a stable base. (of course if this does happens ectos prices may shoot up as people will stop farming them as much so there may be an ecto drought)
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| 07/25/07 07:13 |
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