So does the Anniversary Event destroy the economy?

ImmortalCX

In one of the first group of writ chests, I got an Aetherial Dust, and sold it 10% under TTC estimate.

I figured that if the chests are dropping such rare material with frequency, it is bound to lose value quickly.

A week from now, will it be half price? A quarter?

Enemy-of-Coldharbour

Yeah, it will be a buyers market for the next month or so.

ImmortalCX

Enemy-of-Coldharbour wrote: »

Yeah, it will be a buyers market for the next month or so.

I think I made the right choice to dump it at that price.

READLER

The new Anniversary event and a new post about a broken economy.
Well let's go.

JaxontheUnfortunate

I would just hold onto the expensive materials and sell the over the summer months and into the fall.

LootAllTheStuff

On the flip side, I saw someone in zone chat trying to sell one of the endeavour motifs for 30k. I really hope no-one gets suckered into buying event drops like that - at least wait until it's over!

belial5221_ESO

They need to atleast limit daily wirt crafting to one of each type per account,cause ppl will farm those on 20 chars,lol.They did it for zenithar event,cause of the flooding of stuff.

Orbital78

Supply and demand, if your friends and guildmates weren't telling you to sell ahead of the event they weren't doing you right. I wonder if Scions of Ithelia motifs are in the pool.

kargen27

belial5221_ESO wrote: »

They need to atleast limit daily wirt crafting to one of each type per account,cause ppl will farm those on 20 chars,lol.They did it for zenithar event,cause of the flooding of stuff.

Not 100% sure but I think you can get more in the same amount of time running dolman.

ImmortalCX

kargen27 wrote: »

belial5221_ESO wrote: »

They need to atleast limit daily wirt crafting to one of each type per account,cause ppl will farm those on 20 chars,lol.They did it for zenithar event,cause of the flooding of stuff.

Not 100% sure but I think you can get more in the same amount of time running dolman.

I think he is talking about the chests.

Do dolmens also drop those extra event chests?

Faerugue

ImmortalCX wrote: »

kargen27 wrote: »

belial5221_ESO wrote: »

They need to atleast limit daily wirt crafting to one of each type per account,cause ppl will farm those on 20 chars,lol.They did it for zenithar event,cause of the flooding of stuff.

Not 100% sure but I think you can get more in the same amount of time running dolman.

I think he is talking about the chests.

Do dolmens also drop those extra event chests?

They do ....

valenwood_vegan

Does it affect the economy? Absolutely. Supply and demand is a thing.

Does it *destroy* the economy? Depends on one's point of view I suppose.

I will say that this event has been held for years and the economy used to recover from it after some time, so there were most certainly various other factors at play in terms of prices collapsing across the board last year and failing to significantly recover.

LPapirius

Yes. It's a contributing factor that undermines the economy. No doubt about it.

wolfie1.0.

belial5221_ESO wrote: »

They need to atleast limit daily wirt crafting to one of each type per account,cause ppl will farm those on 20 chars,lol.They did it for zenithar event,cause of the flooding of stuff.

So, are you going to limit ALL dailies like that? Once per account? Seen some nice afk battle ground dailies being done. Random normal dungeons are easy. Most delve dailies can be done in not much longer time. Most of it being spent in load screens.

All dailies are easy to do with maybe the exception of some chapter Incursions and solo boss fights.

ImmortalCX

Faerugue wrote: »

ImmortalCX wrote: »

kargen27 wrote: »

belial5221_ESO wrote: »

They need to atleast limit daily wirt crafting to one of each type per account,cause ppl will farm those on 20 chars,lol.They did it for zenithar event,cause of the flooding of stuff.

Not 100% sure but I think you can get more in the same amount of time running dolman.

I think he is talking about the chests.

Do dolmens also drop those extra event chests?

They do ....

Jezuz. Poeple running the Alikir loop?

wolfie1.0.

ImmortalCX wrote: »

Faerugue wrote: »

ImmortalCX wrote: »

kargen27 wrote: »

belial5221_ESO wrote: »

They need to atleast limit daily wirt crafting to one of each type per account,cause ppl will farm those on 20 chars,lol.They did it for zenithar event,cause of the flooding of stuff.

Not 100% sure but I think you can get more in the same amount of time running dolman.

I think he is talking about the chests.

Do dolmens also drop those extra event chests?

They do ....

Jezuz. Poeple running the Alikir loop?

ZOS runs maintenance just to give Molag Bal time to eat and sleep.

Alaztor91

If I had to guess I would say that it will have a similar effect to last year, mainly because this is afaik the 2nd year in a row that you can get the boxes from non-daily quests. Sure, spamming fast quests like crafting writs on multiple characters is a quick way to earn boxes, but there is still a limit to it, unlike something like spamming dolmens or celestial rifts(you also don't need to have alts for these).

wolfie1.0.

Alaztor91 wrote: »

If I had to guess I would say that it will have a similar effect to last year, mainly because this is afaik the 2nd year in a row that you can get the boxes from non-daily quests. Sure, spamming fast quests like crafting writs on multiple characters is a quick way to earn boxes, but there is still a limit to it, unlike something like spamming dolmens or celestial rifts(you also don't need to have alts for these).

Right.

Also, each character is limited to 25 daily quests. Crafting writs are 7 of those. There are enough that you could easily reach cap.

Ingenon

No, the Anniversary Event does not destroy the economy. More people are playing more hours, farming more stuff, selling more stuff, and buying more stuff. Every year I make lots of gold during the Anniversary event, and spend lots of gold on stuff, because sitting on all the gold I'm making doesn't make sense to me. Today I saw more people in game then I have in a while.

ZOS, keep doing stuff that is popular like this Anniversary Event with Golden Pursuits! I like playing ESO with lots of folks online!

kargen27

The pace of events celebrating the 10th anniversary has pushed supply up without much time between for demand to catch up. This event will also push supply up but if we get a break in events demand will begin to catch back up. For some items itis better to sit on them for a few months and then offer them for sell if you are a seller.
If you are a buyer these events are exactly what you want. It doesn't necessarily hurt the economy it just changes the flow for a time.

Heren

I thought the economy was already utterly destroyed, and would take years to recover ? According to a lot of doomposters months ago ? There should be nothing left to be destroyed again, right ?

Kappachi

valenwood_vegan wrote: »

Does it affect the economy? Absolutely. Supply and demand is a thing.

Does it *destroy* the economy? Depends on one's point of view I suppose.

I will say that this event has been held for years and the economy used to recover from it after some time, so there were most certainly various other factors at play in terms of prices collapsing across the board last year and failing to significantly recover.

Still hasn't recovered from Zenithar though...

wolfie1.0.

Kappachi wrote: »

valenwood_vegan wrote: »

Does it affect the economy? Absolutely. Supply and demand is a thing.

Does it *destroy* the economy? Depends on one's point of view I suppose.

I will say that this event has been held for years and the economy used to recover from it after some time, so there were most certainly various other factors at play in terms of prices collapsing across the board last year and failing to significantly recover.

Still hasn't recovered from Zenithar though...

Depends on how you define a recovery. Is it back to what it was? Or is it back to stabilized prices? Because back to what it was likely won't happen unless there is a shake up in the meta for both PVE and PVP. Stabilization will be a few weeks after the event you just might not like where it ends up.

Regardless it's time players just realize that the economy has changed and work with it. We did it when prices were very very high. We can do it when prices are low.

Tenthirty2

The best time to sell active event rewards is never during that event.

I usually don't bother listing any event spoils until a few months after the event ends and only if the number being listed has dropped significantly.

Bcuz yah, a lot of the normally high-val items and mats are going to plummet in price as the market gets glutted.
Bank 'em until supplies dwindle.

SpiritKitten

wolfie1.0. wrote: »

ImmortalCX wrote: »

Faerugue wrote: »

ImmortalCX wrote: »

kargen27 wrote: »

belial5221_ESO wrote: »

They need to atleast limit daily wirt crafting to one of each type per account,cause ppl will farm those on 20 chars,lol.They did it for zenithar event,cause of the flooding of stuff.

Not 100% sure but I think you can get more in the same amount of time running dolman.

I think he is talking about the chests.

Do dolmens also drop those extra event chests?

They do ....

Jezuz. Poeple running the Alikir loop?

ZOS runs maintenance just to give Molag Bal time to eat and sleep.

Eating souls.

ArchMikem

Whenever I hear the word "Economy" associated with this game, all I think of are the Sellers and their banks of billions.

freespirit

Whilst for some crafting dailies are the way they earn boxes, I have seen multiple guildies forming groups to farm Craglorn portals......

These appear to have no per character limit and no box cooldown, therefore I would argue potentially way more damaging to the economy than crafting dailies or any other daily tbh!

RebornV3x

No it doesn't destroy the economy everything will rebound a month or two after the event. Making stuff affordable for a limited time isn't bad.

madman65

Gamers will be loading up and later will sell. The immediate problem will be the gamers will sell very low to dump the load on their inventory then those who have collected will sell theirs later on.

Major_Mangle

In the grand scheme of things, no. Prices for certain items do go down but it doesn't crash the economy. Same topic every year and yet here we are. Trader whales complaining that non trader whales get access to otherwise expensive items will never not be funny.

BretonMage

valenwood_vegan wrote: »

I will say that this event has been held for years and the economy used to recover from it after some time, so there were most certainly various other factors at play in terms of prices collapsing across the board last year and failing to significantly recover.

Yeah, this. I believe what happened last year that led to a more or less permanent decrease in prices was the halving of item listing periods on guild traders, iirc that change was instated a few weeks after an event.

I do think that it's healthier for the game that things are more affordable.