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Already Seeing the ESO Economy Turn Higher on Quite a bit......
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sunsrest✭✭✭I don't think most people join this game to trade and/or flip as the main activity, most people just want to play some elder scrolls stuff, solo or with other people, and then they sell off what they don't need or don't have space for using the trading system. For those people being able to afford more stuff is also naturally good. It makes the game's items more accessible. We need another 100k reward in the dailies to shore everyone up.3 -
polaris86✭✭✭xclassgaming wrote: »YES. It's completely broken and zos needs to step in asap, the economy is DYING.
Step in and do what?PCNA3 -
Ph1p✭✭✭✭✭Grizzbeorn wrote: »
No, you are wrong. You pay the 1% listing fee when you list the item. It is deducted from the gold you have at that moment and you never get that back. When your item sells, you pay another 7% house cut and receive the remaining 93% of the listing price, since the listing fee has already been paid.2 -
VeritazSoul Shriven
How does 50k Dreugh Wax foster player growth and retention? Newer players to the game want to gear up, and having to spend 400k gold just to gold out one single piece simply turns them away.
If you think in terms of financial sustainability then higher dreugh wax prices would be good for zos. Need 400k worth of wax to upgrade your gear? Well then the player would need to spend more time in the game either farming nodes to refine (and having the appropriate skills assigned for refining) or making gold in their own way to afford the upgrades. Everyone wins in that scenario because the traders are enjoying their gold making hobby, zos has more player time spent in game, and players have that ultimate goal to work towards of golding their gear. Being able to gold ever piece of gear used to be an achievement and now it’s not.4 -
Gabriel_H✭✭✭✭Trier_Sero wrote: »
About 100 - 200 people on the forums posting out of player base of tens of thousands.2 -
manukartofanu✭✭✭✭News at six: vocal minorities are vocal. Flippers are upset that they can no longer amass more gold than they could ever spend; the rest of us are just pleased that we no longer have to farm mindlessly for stuff because of ridiculously inflated prices.
Edit: I should actually rephrase that. Flippers can still make more gold than they could ever hope to spend — they just have to put more effort into it now than they did a few months ago.
Flippers don't care where the price is going or what the state of the economy is—they couldn't care less. Flipping is all about quick trades. The ones upset by the current situation are the investors, those who converted their gold into resources to hold onto for a year or two and sell at a higher price later, and those who used resources as a hedge against inflation. Among them, there are many regular players.
In fact, flipping right now is more profitable than ever before due to the panic among ordinary players and their uncertainty about what prices to sell at. What isn't sold today will be cheaper tomorrow, and they have no idea about the real prices because TTC constantly lags behind in its predictions.Edited by manukartofanu on August 19, 2024 12:37AM1 -
Nharimlur_Finor✭✭✭✭✭No-one ever has to pay 50000 for a piece of Dreugh Wax. It's available to any player for free.
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Aurielle✭✭✭✭✭
✭✭✭✭✭
How does 50k Dreugh Wax foster player growth and retention? Newer players to the game want to gear up, and having to spend 400k gold just to gold out one single piece simply turns them away.
If you think in terms of financial sustainability then higher dreugh wax prices would be good for zos. Need 400k worth of wax to upgrade your gear? Well then the player would need to spend more time in the game either farming nodes to refine (and having the appropriate skills assigned for refining) or making gold in their own way to afford the upgrades. Everyone wins in that scenario because the traders are enjoying their gold making hobby, zos has more player time spent in game, and players have that ultimate goal to work towards of golding their gear. Being able to gold ever piece of gear used to be an achievement and now it’s not.
This statement suggests to me that you don’t really understand player psychology, especially new player psychology. If basic goals like improving gear feel like they’re too far out of reach due to an insanely inflated trading market, new players are less likely to stick around for the long haul and more likely to play games that actually respect their time and effort.
It is well known that modern gamers are increasingly opposed to overly grindy games. Less grind should be ZOS’s goal, not more.6 -
Gabriel_H✭✭✭✭manukartofanu wrote: »TTC constantly lags behind in its predictions.
Just a thought, but what % of players use TTC compared to say 6 months ago? If it's a significant increase, which is plausible due to the guild cache/loading screen time bug, then more people are using a resource that drives competition and thereby lowers prices.
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Grizzbeorn✭✭✭✭✭
✭✭✭<-- dain-bramaged. (me. I am.)Edited by Grizzbeorn on August 19, 2024 7:21AM0 -
Ph1p✭✭✭✭✭Grizzbeorn wrote: »Grizzbeorn wrote: »
No, you are wrong. You pay the 1% listing fee when you list the item. It is deducted from the gold you have at that moment and you never get that back. When your item sells, you pay another 7% house cut and receive the remaining 93% of the listing price, since the listing fee has already been paid.
I listed the item for 2,700. I received 2,511. The only thing deducted was the 7% house cut of 189.
Which means the 1% listing fee of 27, which was deducted from my gold when the item was listed, was returned to me.
How does that make me wrong?
How is anything returned to you, if you receive 93%? As you said, the only thing that happened there was the deduction of the house cut. If the listing fee was returned to you at this point, you should receive 94%: The full 100% sales price minus 7% house cut plus 1% reimbursement on top.1 -
FlopsyPrince✭✭✭✭✭
✭✭✭Those who claim motifs are cheap are unlikely to have been looking for the "cheap ones" lately.PC
PS4/PS50 -
Grizzbeorn✭✭✭✭✭
✭✭✭Grizzbeorn wrote: »Grizzbeorn wrote: »
No, you are wrong. You pay the 1% listing fee when you list the item. It is deducted from the gold you have at that moment and you never get that back. When your item sells, you pay another 7% house cut and receive the remaining 93% of the listing price, since the listing fee has already been paid.
I listed the item for 2,700. I received 2,511. The only thing deducted was the 7% house cut of 189.
Which means the 1% listing fee of 27, which was deducted from my gold when the item was listed, was returned to me.
How does that make me wrong?
How is anything returned to you, if you receive 93%? As you said, the only thing that happened there was the deduction of the house cut. If the listing fee was returned to you at this point, you should receive 94%: The full 100% sales price minus 7% house cut plus 1% reimbursement on top.
Ack. You were in the process of responding when I removed my argument then jumped into game.
I concede, I've had it wrong this whole time. Just took forever to sink into my skull.
So sorry.0 -
Ph1p✭✭✭✭✭Grizzbeorn wrote: »Grizzbeorn wrote: »Grizzbeorn wrote: »
No, you are wrong. You pay the 1% listing fee when you list the item. It is deducted from the gold you have at that moment and you never get that back. When your item sells, you pay another 7% house cut and receive the remaining 93% of the listing price, since the listing fee has already been paid.
I listed the item for 2,700. I received 2,511. The only thing deducted was the 7% house cut of 189.
Which means the 1% listing fee of 27, which was deducted from my gold when the item was listed, was returned to me.
How does that make me wrong?
How is anything returned to you, if you receive 93%? As you said, the only thing that happened there was the deduction of the house cut. If the listing fee was returned to you at this point, you should receive 94%: The full 100% sales price minus 7% house cut plus 1% reimbursement on top.
Ack. You were in the process of responding when I removed my argument then jumped into game.
I concede, I've had it wrong this whole time. Just took forever to sink into my skull.
So sorry.
No need to apologize! Just glad we cleared it up 👍1 -
I_killed_Vivec✭✭✭✭✭
✭✭No-one ever has to pay 50000 for a piece of Dreugh Wax. It's available to any player for free.
Never heard of opportunity cost?
How much time spent levelling up crafting skills? How much time harvesting raw materials?
How much time spent doing these things when you could be doing something else? Something that you enjoy more and gives you more than 50k gold in return?
There's a reason why it's called time "spent", time is money.4 -
RexyCat✭✭✭✭manukartofanu wrote: »TTC constantly lags behind in its predictions.
Just a thought, but what % of players use TTC compared to say 6 months ago? If it's a significant increase, which is plausible due to the guild cache/loading screen time bug, then more people are using a resource that drives competition and thereby lowers prices.
TTC are also used to list item, scan guild database and upload so it will be part TTC database, then remove that item from GS and relist it to a much higher price as player that are looking for that item will see the lower price and are then faced with the option to continue hunting other players fake listing or just pay the price that is what that item is listed for now and be done.
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Mathius_Mordred✭✭✭✭✭Ink is falling so fast I can't sell it, everyone is listing it, from a resource that appeared to be mega rare it's everywhere now!
This is a good thing by the way, scribing is fun if very limited atm, so everyone should have a chance to try it.
As for flipping, meh, I spent an hour last night looking for things to flip on main traders and out of the way tiny guilds, most items were above the price from TTC not below it, I didn't find anything at all to flip, it seems everyone is aware of and using TTC. I know all our members are advised to get the addon and the client and continually scan the store to keep TTC up to date, all of us who trade regularly in our guild are avid TTC users and know the price of the most common items in our heads.
The economy will find its level off point, there is no need for ZOS to step in, if they did it would massively upset the economy again, better to leave it and let it equalise.Skyrim Red Shirts. Join us at https://skyrimredshirts.co.ukJoin Skyrim Red Shirts. Free trader. We welcome all, from new players to Vets. A mature drama-free social group enjoying PVE questing, PvP, Dungeons, trials and arenas. Web, FB Group & Discord. Guild Hall, trial dummy, crafting, transmutation, banker & merchant. You may invite your friends. No requirements0 -
xclassgaming✭✭✭✭✭
✭xclassgaming wrote: »
Out of curiosity, what is your primary activity in game? Do you just trade? Farm gold to buy Crowns?
I don’t see a dying economy — I see an economy correcting itself after months upon months of out of control inflation. All bubbles eventually burst.
I trade and have done for 5 years+. I have seen the economy, it's factually dying.Give us clannfear mounts!2 -
xclassgaming✭✭✭✭✭
✭xclassgaming wrote: »YES. It's completely broken and zos needs to step in asap, the economy is DYING.
Step in and do what?
Start by reverting the guild trader changes.Give us clannfear mounts!1 -
AngryPenguin✭✭✭✭xclassgaming wrote: »xclassgaming wrote: »YES. It's completely broken and zos needs to step in asap, the economy is DYING.
Step in and do what?
Start by reverting the guild trader changes.
This^
Revert the 14 day listing limitation back to 30 days and see if that helps anything. It will for certain increase player participation in the marketing aspect of ESO and increase player time spent in game.
I'm so fed up with returned "item expired" messages I just don't list or relist anything now days. I think most traders are taking the same approach, which over time will be horrible for the economy as well as new and old players alike. If nobody lists anything in guild stores what's the purpose of their existence? And where are players to shop for the items they need for normal in game activities?1 -
godoross✭✭Believe me, Vivec is a ruin for a clan, otherwise there are internal lotteries, auctions of objects and donations of gold from members worth tens of millions every week. you will lose Hundreds of millions of gold in 1 month and thousands of millions in months I paid 150M for Rinami for a week and 90M for Mauhot.Edited by godoross on August 19, 2024 2:44PM0
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Aurielle✭✭✭✭✭
✭✭✭✭✭Mathius_Mordred wrote: »Ink is falling so fast I can't sell it, everyone is listing it, from a resource that appeared to be mega rare it's everywhere now!
This is a good thing by the way, scribing is fun if very limited atm, so everyone should have a chance to try it.
I believe some players are still having lots of issues acquiring ink, but anecdotally, I agree: I usually get ten or more per hour long farm session now, and usually get one or two per dungeon run (a far cry from the first six weeks of grinding for ink, when I was lucky if I got one or two per hour). It’s good that the prices have dropped significantly. The initial 100k per ink was laughable. I’ve been selling them quite steadily for 3-5k a piece, which is a much more reasonable price for most players.xclassgaming wrote: »xclassgaming wrote: »
Out of curiosity, what is your primary activity in game? Do you just trade? Farm gold to buy Crowns?
I don’t see a dying economy — I see an economy correcting itself after months upon months of out of control inflation. All bubbles eventually burst.
I trade and have done for 5 years+. I have seen the economy, it's factually dying.
“Factually dying” for people like yourself who only trade, maybe. The rest of us are just pleased to finally not be at the whim and mercy of players who game the market and artificially set prices that suit their desire for more and more gold. More of us are actually buying stuff in traders for a change, rather than ignoring traders entirely and wasting time on activities we’d rather not be doing, like grinding for crafting materials.
Inflation is seldom good for ANYONE other than those profiting off the hardship and desperation of others, so you’re likely not going to get a lot of sympathy here.2 -
CameraBeardThePirate✭✭✭✭✭
✭✭✭✭✭Trier_Sero wrote: »
It also shows a lot of people don't seem to realize that cheaper prices are a good thing, and that ESO's economy has been suffering from rampant inflation due to market manipulation for years.4 -
Aurielle✭✭✭✭✭
✭✭✭✭✭AngryPenguin wrote: »xclassgaming wrote: »xclassgaming wrote: »YES. It's completely broken and zos needs to step in asap, the economy is DYING.
Step in and do what?
Start by reverting the guild trader changes.
This^
Revert the 14 day listing limitation back to 30 days and see if that helps anything. It will for certain increase player participation in the marketing aspect of ESO and increase player time spent in game.
I'm so fed up with returned "item expired" messages I just don't list or relist anything now days. I think most traders are taking the same approach, which over time will be horrible for the economy as well as new and old players alike. If nobody lists anything in guild stores what's the purpose of their existence? And where are players to shop for the items they need for normal in game activities?
Not one of the items I’ve listed since the change was made has been returned to me. My trading slots in multiple guilds are almost always full. The difference might be that I’m selling desirable items that are always in demand for reasonable prices, rather than ultra rare items for extremely high prices that only a small portion of the player population can actually afford.1 -
Jimbru✭✭✭✭My sales have picked back up a bit, but what I'm selling now is different. Mats prices are still falling and I'm not selling much of them. But people are buying motif pages, furnishing plans, and (to my surprise) housing furniture. I make something, oops it doesn't fit like I wanted, so I put it up for sale just to get something from it and it turns out people are buying. Markets shifting like the sands, I guess...2
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AnduinTryggva✭✭✭✭✭
✭xclassgaming wrote: »
Let it die then.
No need to panic for something happening in a VIRTUAL world...1 -
Gabriel_H✭✭✭✭xclassgaming wrote: »I trade and have done for 5 years+. I have seen the economy, it's factually dying.
You are seeing your trades dying, that is not the same thing. You are confusing weather with climate.
And not for nothing, but economies don't die, they may decline or evolve, but they don't "factually" die.
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