How strong do you think the ESO Economy is really?

Immortal_Dark410 · February 2016

Fun quick poll on what you think about the ESO economy,Item prices, selling through trade guilds & such

3 Simple choices,
1- Yes (strong = Healthy Economy), if so please post reasons why you believe that
2- No (Weak = Un-Healthy Economy), If so then please post your reasons why you choose this option & what ZOS can do to help economy.
3- No clue, Never traded or sold anything in ESO.

anitajoneb17_ESO · February 2016

What do you mean by "strong" ?
An economy is what it is, it can only be stronger or weaker than... another economy... but in ESO there's nothing else than the ESO economy...
I don't understand the question.

Do you mean "healthy" ?
Can people make gold easily by farming / selling / trading ? Yes.
Can people buy stuff easily instead of farming it if they so choose to ? Yes.
I think it's very healthy.

DRXHarbinger · February 2016

Yes, I Believe that the ESO economy is doing well & going strong.

There is nothing we can't afford. An expensive economy is bad. If people can't spent thier gold then prices have to fall even more. Perfectly fine atm.

shauny.gibbsb16_ESO · February 2016

Yes, I Believe that the ESO economy is doing well & going strong.

I can only answer for the EU server, I feel our economy is good, pretty much everything I put on Traders sell. Crafted gear is reasonably priced, getting mats is easy and there's a good amount of options for making gold.

Last week I made 700k just from selling raw materials, this is from farming for an hour or so before and after pvp most days. I've never tried selling through zone chat so have no idea the sucess rate on that but I see a few players try daily.

At first I hated the trader system, i would still prefer 1 main Auction House but I've grown used to our system, it's also immersive to travel to different towns looking for bargains or cheap materials needed for crafting, however the bidding for vendor system is harsh on smaller guilds wanting to provide a trader as taxes won't be anywhere near close to paying for the bid.

Selling has slowed a little whilst many wait on DLC but I'm still surprised at how fast things sell especially towards the end of the week.

With effort I feel I'm always going to have more gold than I'll spend, lately I've been donating towards a guilds trader and helping that way.

Ra'Shtar · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

I voted no for several reasons.

Bind on Pickup is hurting the economy a lot, before Orsinium the sales on trading guild where skyrocketing almost 100 million a week from selling motifs, jewelry and the sets from Imperial City in the top trading guilds.
The gear available in the boxes on PvP vendors doesn't scale to vr16 same with the reward loot from trials and vDSA and the gear that you get from rewards of the worthy dropped in price a lot 2 weeks after Orsinium came out.
The estimated amount of gold a regular non trading focused player makes every week has dropped significantly since the release of so many BoP gears in most of the PvE content leaving no income for PvE players.
On the next DLC the separation between PvP gear and PvE gear will make the costumer pool smaller making the sets drop in price in just 2 weeks of being released.

Everything is not dark tough we have gone a huge step from Orsinium where all the sets are bound to the Thieves Guild DLC where only a few selected ones are bound for competitive reasons.

failkiwib16_ESO · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

Everything @Ra'Shtar said in the above post is true. There is very little left to sell, trading in ESO has stagnated for over a month now.

I'm a PC/ EU user, don't know about the other platforms and servers.

NativeJoe · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

BOP is killing me. I wish I could pawn off maelstrom gear on someone, or have crafting be profitable...but making potions has never panned out for me. making runes is almost breaking even. and I'm to stingy to make an order of nirn honed swords or julionos set for them to just sit there and not sell.

About the only thing that IS sellable is motifs/nirncrux which are RNG drops, Alliance war point crap which I don't multi faction guild AP farm for millions of AP because it's unethical and complete BS and really really boring, and farming Materials...which I just don't have the time for and honestly the endurance to do.

Now there are small things like trophies, repora, itade, and hijeko, and agility/wisdom you can farm up and get a somewhat decent return on... But thats about the most profitable thing I've personally come across...and the chances of actually finding a scamp, or finding 11 meatshields to take down molag bal with, or escaping the 4 man nightblade teams in sewers to actually make it worth the time invested seems rather slim most nights.

Overall I feel like my gear progression, game progression, and general over all economy is rather stagnate.

Pre-DLC I was making a steady 75k a day just farming nirncrux between pvp and doing dungeons, and that was fun.
Imperial city came along and I blew like 2 million to get geared and set up haha...but was only making 50k a day or so.
Once orsinium hit tho... my god... my sales went down to 3-9k a day if I was lucky.

Currently trying to make up for it and start making some gold. idk what for tho...since I can't purchase any improvements to by gear, buy any niche build sets, or dump my gold for a extra bank slot or inventory slot or feed a horse, or buy a new mount with it. since I've already accomplished all that I could during my golden era.

They just need to stop BOPING everything. I get that we want non-dlcers to suffer for not contributing to the money grab campaign. I get that. But killing the dynamic economy between people that are supporting the game just doesn't same right or fair. x.x I want to have a chance of walking away with a great item when I run a dungeon that I can pawn off on my buddies niche build. or when pvping...actually get an item in the mail that is worth more then 5k. I want to feel rewarded...and feel like I can use those rewards to progress my character/account. Currently I don't feel like that is the case at all; IE I could have 500 million right now, and I could not spend any of that to improve my account or character. at all.

BabeestorGor · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

Not that I haven't sold anything but the economy at higher levels I know little about.
I just know that my guilds rarely get stalls and the boost in sales when they do have one makes me wish there were more stalls around so that more guilds could participate fully in the economy.

iamnotweakrwb17_ESO · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

Eso's guild trader system is a gatekeeper system. All gatekeeper systems are fundamentally the same. They are, by definition, the inversion of natural law and as such are unsustainable. They differentiate only in the amount of time they take to consume themselves. Their purpose is always to elevate the few over the many. In essence, to be kings of the earth until the system crumbles into dust.

koby-xxrwb17_ESO · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

This game needs some sort of gold-sink, once you've gotten yourself geared up the only thing left to do with gold is by potions really. Hopefully the housing dlc will add more uses for gold outside of combat related stuff

Mojmir · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

Ill let you know when i get my w2

harrlockk616 · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

everyone above who said NO explained it all with there comment's

Xellos77 · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

I've never gotten into trading or even had desire to be in a trader guild. I know prices can vary wildly depending on location but have a general idea (or have access to general pricing) of the worth of things. Google is your friend.

Things are sold and things are bought. Trader locations continue to be sought after so I can only surmise that the economy isn't dying or dead.

Xellos77 · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

Ra'Shtar wrote: »

I voted no for several reasons.
Bind on Pickup is hurting the economy a lot, before Orsinium the sales on trading guild where skyrocketing almost 100 million a week from selling motifs, jewelry and the sets from Imperial City in the top trading guilds.

The gear available in the boxes on PvP vendors doesn't scale to vr16 same with the reward loot from trials and vDSA and the gear that you get from rewards of the worthy dropped in price a lot 2 weeks after Orsinium came out.

The estimated amount of gold a regular non trading focused player makes every week has dropped significantly since the release of so many BoP gears in most of the PvE content leaving no income for PvE players.

On the next DLC the separation between PvP gear and PvE gear will make the costumer pool smaller making the sets drop in price in just 2 weeks of being released.

Everything is not dark tough we have gone a huge step from Orsinium where all the sets are bound to the Thieves Guild DLC where only a few selected ones are bound for competitive reasons.

I agree that certain things should be bound and others not. Much like any other MMO out there, raid rewards should be BoP where dungeon gear should be BoE. The problem with this is that dungeons are what makes up the "end game" in ESO and the only "raid" type event (right now) is an outdated Trial. Therefore, this doesn't work.

It's why (before I quit playing for now) I settled on crafted gear as it was 100X easier to acquire and 100X less headache inducing.

RoamingRiverElk · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

Most of the new sets worth having are bind on pickup, PvPers and PvErs basically have nothing to sell except for materials and willpower/agility jewelry. So yes, the economy has definitely gotten weaker than before. It's only about selling crafting materials now.

anitajoneb17_ESO · February 2016

iamnotweakrwb17_ESO wrote: »

Eso's guild trader system is a gatekeeper system. All gatekeeper systems are fundamentally the same. They are, by definition, the inversion of natural law and as such are unsustainable. They differentiate only in the amount of time they take to consume themselves. Their purpose is always to elevate the few over the many. In essence, to be kings of the earth until the system crumbles into dust.

Except that ESO is NOT a "natural system".
Nature as in real life has limitations (raw materials, polluting output, etc...). ESO has none : nodes, mobs, dungeons, will always respawn. The availability of things is in direct, stable correlation with the amount of time/work/grind/farm that players put into it, and absolutely unlimited. In such a system, without limitations, nothing would be worth a dime after a short while (as seen in other MMOs with global AH). It would not be an "economy" but merely a barter / swap system. If it were the case in real life I'd call that paradise, but in a GAME, where it is supposed to be an "economy", there is a need for limitations and gold sinks. Hence the trader system.

Don't intent to start yet another "trader system" discussion, but wanted to comment on your "natural law" analogy.

.

Cherryblossom · February 2016

I don't believe any economy can be strong if the selling of goods is limited, like it is in ESO. Due to the Guild Trader system, there is a finite number of sellers to the Community, about 70,000 people maximum are able to sell to the comunity.

Whilst there is such a restriction on being able to sell there will never be a thriving economy.

My calculation above also doesn't take into account the ball ache of trying to buy!

The Guild System is only good for those that are already in the Trade Guilds in Choice places, which now monopolise and fix the prices of items.

Xellos77 · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

Cherryblossom wrote: »

I don't believe any economy can be strong if the selling of goods is limited, like it is in ESO. Due to the Guild Trader system, there is a finite number of sellers to the Community, about 70,000 people maximum are able to sell to the comunity.

Whilst there is such a restriction on being able to sell there will never be a thriving economy.

My calculation above also doesn't take into account the ball ache of trying to buy!

The Guild System is only good for those that are already in the Trade Guilds in Choice places, which now monopolise and fix the prices of items.

Which is interesting when you think about it. ESO is really a demonstration of capitalism at it's finest. The highest-tiered trading guilds acquire the best spots and can pretty much set the prices. Also, they can work together to muscle-out up and comers on the play field. Mind you, I don't think that anything is wrong with this system; if a guild and it's members want to work hard and be extremely organized (sacrificing other ESO play time) then they deserve their spots. It does make it hard for newer growing guilds who want to focus on trading to get a foothold, but even large/successful trading guilds get old and die out.

People sell and people buy. Therefore, there is an economy. As a former guildmaster, we opted not to use a guild trader and instead relied on multimedia for our transactions: PSN communities, FB, etc. Were we rolling in the millions? No. But members got to sell what they wanted and we didn't need to mitigate the costs of a trader. It was almost like an underground movement

anitajoneb17_ESO · February 2016

Xellos77 wrote: »

ESO is really a demonstration of capitalism at it's finest.

Quoted for truth.
Which is why I tend to LoL when people criticize it in the name of "free market" and "liberalism".

NativeJoe · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

Cherryblossom wrote: »

I don't believe any economy can be strong if the selling of goods is limited, like it is in ESO. Due to the Guild Trader system, there is a finite number of sellers to the Community, about 70,000 people maximum are able to sell to the comunity.

Whilst there is such a restriction on being able to sell there will never be a thriving economy.

My calculation above also doesn't take into account the ball ache of trying to buy!

The Guild System is only good for those that are already in the Trade Guilds in Choice places, which now monopolise and fix the prices of items.

To be fair I'm in three trade guilds that are all in prime spots with 500 active players a piece. There has never been a draft or mail message saying...hey Everyone drop your tempers in at 10k a piece. infact market manipulation of goods will get you black listed and kicked out of the guild. IE putting a very rare item up for 300k and having your friends buy it, and then reselling it now that MM has it priced at that amount for 70k is a BIG no no.

occasionally some big money will come in and buy all the materials and price then resell them for a 20% upmark...but this is frowned upon as well. Generally things go for whatever the market will take. and market manipulation as a whole doesn't work. because as a guild if people mess with our MM price averages to much...we all lose because everywhere else becomes cheaper. and our weekly bids become harder to accomplish. as it is, we have to rely on auctions and gambling to even get ahead because the 3.5% guild cut (the other 3.5% of the tax goes to artificial gold sink) does not cut it in prime locations at all. Bids in prime locations go for multi-million gold amounts.

mistermutiny89 · February 2016

Yes, I Believe that the ESO economy is doing well & going strong.

I wish there was an in between as the economy is more good than bad but not great.

I've made $300k in the last two days on glass motifs, perfect roe and flipping cheap items but other than that the market is too flooded for me to personally trade in anything else at the moment.

Tandor · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

There'll always be a weak economy in ESO until a proper trading system is introduced that is open to all.

iamnotweakrwb17_ESO · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

anitajoneb17_ESO wrote: »

iamnotweakrwb17_ESO wrote: »

Eso's guild trader system is a gatekeeper system. All gatekeeper systems are fundamentally the same. They are, by definition, the inversion of natural law and as such are unsustainable. They differentiate only in the amount of time they take to consume themselves. Their purpose is always to elevate the few over the many. In essence, to be kings of the earth until the system crumbles into dust.

Except that ESO is NOT a "natural system".
Nature as in real life has limitations (raw materials, polluting output, etc...). ESO has none : nodes, mobs, dungeons, will always respawn. The availability of things is in direct, stable correlation with the amount of time/work/grind/farm that players put into it, and absolutely unlimited. In such a system, without limitations, nothing would be worth a dime after a short while (as seen in other MMOs with global AH). It would not be an "economy" but merely a barter / swap system. If it were the case in real life I'd call that paradise, but in a GAME, where it is supposed to be an "economy", there is a need for limitations and gold sinks. Hence the trader system.

Don't intent to start yet another "trader system" discussion, but wanted to comment on your "natural law" analogy.

.

Eso's trading system is bound by the same fundamental laws that govern the universe. Everything is subject to it because ALL things are created from it. You cannot think, act, feel or invent any system that operates outside of it. If you do not understand what I just said, i'd suggest you go sit down and have a good long think.

Xellos77 · February 2016

I have no clue of the economy i never sold or traded anything in ESO.

NativeJoe wrote: »

Cherryblossom wrote: »

I don't believe any economy can be strong if the selling of goods is limited, like it is in ESO. Due to the Guild Trader system, there is a finite number of sellers to the Community, about 70,000 people maximum are able to sell to the comunity.

Whilst there is such a restriction on being able to sell there will never be a thriving economy.

My calculation above also doesn't take into account the ball ache of trying to buy!

The Guild System is only good for those that are already in the Trade Guilds in Choice places, which now monopolise and fix the prices of items.

To be fair I'm in three trade guilds that are all in prime spots with 500 active players a piece. There has never been a draft or mail message saying...hey Everyone drop your tempers in at 10k a piece. infact market manipulation of goods will get you black listed and kicked out of the guild. IE putting a very rare item up for 300k and having your friends buy it, and then reselling it now that MM has it priced at that amount for 70k is a BIG no no.

occasionally some big money will come in and buy all the materials and price then resell them for a 20% upmark...but this is frowned upon as well. Generally things go for whatever the market will take. and market manipulation as a whole doesn't work. because as a guild if people mess with our MM price averages to much...we all lose because everywhere else becomes cheaper. and our weekly bids become harder to accomplish. as it is, we have to rely on auctions and gambling to even get ahead because the 3.5% guild cut (the other 3.5% of the tax goes to artificial gold sink) does not cut it in prime locations at all. Bids in prime locations go for multi-million gold amounts.

And this too, is a fine example of capitalism. Checks and balances.

I don't think ESO needs an AH as some have mentioned; it'd be too cookie cutter. I like the current setup but do agree there should be more stalls available in various locations.

anitajoneb17_ESO · February 2016

iamnotweakrwb17_ESO wrote: »

Eso's trading system is bound by the same fundamental laws that govern the universe. Everything is subject to it because ALL things are created from it. You cannot think, act, feel or invent any system that operates outside of it. If you do not understand what I just said, i'd suggest you go sit down and have a good long think.

Thanks for the big laugh !

and just leave it at that ! (Lol Lol Lol).

wookikiller95 · February 2016

V16 Mats prizes will drop on the floor next patch, so a lot of the Economy will drop also,
So what do u want to sell in next Patch?

Tavore1138 · February 2016

Other...

The structure is good and in most cases the market for buying and selling items is solid, the weaknesses that exist tend to stem from decisions at the ZOS end where the choices they impose around arbitrarily raising or lowering drop or refine rates or changing the nature of writs can have quite large consequences on the price of goods. They could co with a little moe thought on some of this stuff.

Rex-Umbra · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

Bop ruining economy

Lysette · February 2016

No, I Believe that the ESO economy Is weak & getting weaker.

Where is an economy in ESO, seriously?- Most stuff is bound and what is offered is so rudimentary, that I basically pretty much never get what I would need in guild stores. If you want a real economy in ESO, you have to do it like EVE online does it. THAT is an economy worth mentioning, but not the ESO wannabe-economy.

Faulgor · February 2016

anitajoneb17_ESO wrote: »

What do you mean by "strong" ?
An economy is what it is, it can only be stronger or weaker than... another economy... but in ESO there's nothing else than the ESO economy...

Tamriel's economy has seen better days, but it's nothing like the great recession in 2E431. However, it could be argued that its relative strength is due to the shortcomings of its contenders.
Lately the Akaviri Central Bank has been trying to devalue its currency compared to the Tamriel Drake, but their growth has been stagnant over the last two quarters and the little they could muster is mostly based on dodgy futures trading. Meanwhile, the Atmoran housing market still hasn't recovered, and the bail-outs provided to the chief banks by the Giant Kings leave their whole economy on the brink of runaway inflation - to the point where several investment banks on the Sea of Ghosts have had their assets frozen. Pyandonea to the south suffers similarly from low interest rates, which halts investments especially in the infrastructure of King Orgnum's Mao-r-Mers' Republic of Aldmeris.
Many mirror-analysts of the Alinor rating faculties see the strongest competition for Tamriel in the growing markets to the west, in Yokuda. The investment blunders of the past have been largely written off as sunk costs, and recent advancements in pankratological arms technology see the Oricalc Valley on the rise again!

.. I know nothing about economics, sry.

anitajoneb17_ESO · February 2016

Faulgor wrote: »

anitajoneb17_ESO wrote: »

What do you mean by "strong" ?
An economy is what it is, it can only be stronger or weaker than... another economy... but in ESO there's nothing else than the ESO economy...

Tamriel's economy has seen better days, but it's nothing like the great recession in 2E431. However, it could be argued that its relative strength is due to the shortcomings of its contenders.
Lately the Akaviri Central Bank has been trying to devalue its currency compared to the Tamriel Drake, but their growth has been stagnant over the last two quarters and the little they could muster is mostly based on dodgy futures trading. Meanwhile, the Atmoran housing market still hasn't recovered, and the bail-outs provided to the chief banks by the Giant Kings leave their whole economy on the brink of runaway inflation - to the point where several investment banks on the Sea of Ghosts have had their assets frozen. Pyandonea to the south suffers similarly from low interest rates, which halts investments especially in the infrastructure of King Orgnum's Mao-r-Mers' Republic of Aldmeris.
Many mirror-analysts of the Alinor rating faculties see the strongest competition for Tamriel in the growing markets to the west, in Yokuda. The investment blunders of the past have been largely written off as sunk costs, and recent advancements in pankratological arms technology see the Oricalc Valley on the rise again!

.. I know nothing about economics, sry.

That's AWESOME !!! :-)

You might not know economics but you know the lore ! :-)
And don't worry, many "experts" in economics sound far more obscure than you do ;-)

.

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How strong do you think the ESO Economy is really?

How strong do you think the ESO Economy is really? 211 votes