How strong do you think the ESO Economy is really?

Lil_Willie · February 2016

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

Other than the bind on pickup items, I dont see a problem with the economy.

Conquistador · February 2016

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

I think they need to get rid of some of the BOP crap like laurels and crate items. Other than that, the economy seems to be fluctuating accordingly

PainfulFAFA · February 2016

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

Imo, BoP items screwed the economy, but at the same time, zos needs a reason to sell DLC. I remember when specific armors, rings, and weapons used to be 'the economy'.

Right now, 'the economy' is all gold upgrades, mats, and consumables.
8k per Kuta and rising?
9k per Temper? LOL

Dread_Guy · February 2016

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

I voted no because on Xbox the prices are grossly inflated compared to what I've heard on PS4 and PC

Artjuh90 · February 2016

you can't vote yes or no. the strength of a economy is based on other currency's/economy's so who ever would vote yes or no doesn't have basic understanding of economics

threefarms · February 2016

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

Its worse than the U.S. economy right now, ESO is probably 20 trillion gold in debt.

anitajoneb17_ESO · February 2016

DanielMaxwell wrote: »

anitajoneb17_ESO wrote: »

DanielMaxwell wrote: »

for those who have gold to spend it is fine , those with out it is bad .
only guildtraders seeing some movement of product , at what they consider acceptable prices, are the ones in the main locations , most other locations are barely getting more then vendor price after all fees are paid .

For the same items ?
Just let me know where I can get Kuta for "barely more than vendor price" in a remote location and I will be more than happy to go buy them there.

I'm just quite fed up with people pretending that big guilds in trading hubs rule the game, while all they have to do is farm stuff that is demanded and put it for sale. Most of the times in remote locations all I see at guild traders' is 50 crappy white items that noone wants.
Oh wait, farming requires time ? Oh well...

I'm not going to do the leg work for you get out there and search every trader everyday until you catch that deal , and make sure you search all of the remote guildtraders or you will miss it and somebody from one of the main trade guilds will find it and relist for a huge profit. If you are unwilling to do that then pay the higher prices or do not use the guildtrader kiosks .

I'm not asking you to provide me with "tips", I'm only asking you to back up your opinion with facts. Which obviously you can't. Which invalidates your theory.

The truth is, people in trading guilds without a kiosk or with a bad kiosk or with no trading guilds at all just don't want to put in the "efforts" or the time to fill in their slots with actual valuable goods and instead like to pretend that they are victims of big successful trading guilds.

anitajoneb17_ESO · February 2016

iamnotweakrwb17_ESO wrote: »

anitajoneb17_ESO wrote: »

I'm just quite fed up with people pretending that big guilds in trading hubs rule the game, while all they have to do is farm stuff that is demanded and put it for sale. Most of the times in remote locations all I see at guild traders' is 50 crappy white items that noone wants.
Oh wait, farming requires time ? Oh well...

You can be fed up all you like. The reality is that big trading guilds DO set the economic price.

No, they don't.
As to the rest of your "theories", let's just LOL. You should just be aware that your dismembering of vocabulary doesn't work in other languages. So much for "universal". And you should learn some basic economics, really.

Duiwel · February 2016

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

People who are saying the economy is weak tell me do you have more than 100k in your bank? - I am sure the answer is yes
Do you spend that 100k regularly and remake it with ease? I would assume yes

The most active players at the moment are VR players at least.

making gold is so easy in this game even if you never trade on the guild traders you do sometimes list things in your own guild's store and they sell.

If you do IC chests you can get some really nice drops and make a ton of gold easily ( so long as the RNG gods favour you ).

The point being is even though there is too much BoP for my liking and I am sure everyone complaining about it are just a little sour because they aren't making that extra million a week / whatever they use to make.

They are still raking in the dough & making money!

So to answer the question the economy is very strong in my opinion. I think what's lacking is the opportunity to spend said gold.

Most super rich players already have all the bank, bag space, Nirnhoned ect. There really isn't much for them to spend on other than bidding for traders every week and spending millions there.

So that's why people assume it's not doing well, when in reality all that has happened is there are just less things to buy now. Economy means GDP alongside various other factors and the GDP of the average player ( given the amount of VR players in the game ) is very high. an average of 10-30k for noob VR chars per week... and at least 50-1mil for more experienced merchant players.

I am thumb sucking this from what my friends and I say we get / earn in the past 2 months and using that as a sample for my stats so these stats are from a very small sample pool & in no way reflect the actual economy, but I am sure they are relatively accurate.

Reason being is noob VR char will do quests, sell dropped gear, harvest nodes and sell things - easy 10k at least. Some will grind and get lucky with daily or IC drops...

As for the 50-1mil for traders, anyone who knows how to trade can make that. Motifs, VR15/6 mats are your friend ect.

I believe a stack of 200 is 30k for VR15/6 refined mats

Spottswoode · February 2016

iamnotweakrwb17_ESO wrote: »

Xellos77 wrote: »

Capitalism. Nothing more, nothing less. Third time I've said it now.

Starting to go a little out there in left field with the Universal truth angle, but I see the point.. no matter how long winded.

As someone mentioned, even "big unfeeling dirty monopoly trader guilds" are bound by capitalism. Set the price too high? Some may bite, but you aren't moving goods. Supply and demand, right? Kind of, yes.. but based on need and want. Everything in ESO is a want and not a need. So it's a skewed sort of capitalism but one that itself has checks and balances.

Besides, these big monstrous trader guilds put in a lot of organization to stay at the top. Why shouldn't they reap the rewards? I am not part, was never part of, nor will I ever be part of, a trader guild. But.. I wouldn't call it unfair. They work on different goals in ESO. That's it.

I'll put it to you this way... 62 people presently hold half the worlds wealth. How did those 62 people acquire it? Is it fair that the majority of the world lives in poverty while these 62 sit on half the planets wealth. When you see those adds to donate to those starving kids in Africa, do you think of those 62 people? Why aren't they donating? How much wealth do you think those 62 people will have in 10 years.. or 20 years. What happens when they have ALL the worlds wealth?

What good would it do them? Sure, they'd have all the money, but what would they buy with it?

Also, Bill Gates has given more to charity than everyone on this site will make in their entire lives, including significant contributions to vaccines and agriculture development in AFRICA. He's not alone.

WalkingLegacy wrote: »

What's unfair is the new player who is locked out of trading. They shouldn't have to jump through hoops to sell things and they shouldn't have to dirty their knees to get into a top guild trader guild.

I literally just give 5k to my guild's bank every two weeks. That's the minimum requirement.

WalkingLegacy wrote: »

Guild traders are like corporate America.

Most of the economy I would wager is sitting on the top 10% of guild traders.

System locks out and punishes new players.

Oh those horrible corporations. How dare they manufacture, maintain, and improve absolutely everything that makes this exchange (and the game itself) possible??!!

Mr_Nobody · February 2016

ESO has no economy.

Should take examples from GW2. Same goes for balance and nearly every other aspect besides open world pvp and graphics.

anitajoneb17_ESO · February 2016

Mr_Nobody wrote: »

ESO has no economy.

And the earth is not round. Yep.

Mr_Nobody · February 2016

anitajoneb17_ESO wrote: »

Mr_Nobody wrote: »

ESO has no economy.

And the earth is not round. Yep.

How do you describe an economy with no indication of set prices and guild stores barely working? Exactly, you can not.

Turelus · February 2016

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

BoP killed the trade between PvE and PvP players.

Additionally new sets now being divided in bonuses specific to one area of gameplay furthers this. There needs to be more trade between players to help distribute wealth and better gold sinks to stop the inflation of gold.

anitajoneb17_ESO · February 2016

Mr_Nobody wrote: »

ESO has no economy.

And the earth is not round. Yep.

Mr_Nobody wrote: »

anitajoneb17_ESO wrote: »

Mr_Nobody wrote: »

ESO has no economy.

And the earth is not round. Yep.

How do you describe an economy with no indication of set prices and guild stores barely working? Exactly, you can not.

As long as people are exchanging goods and services with a currency, there is, per definition, an economy.

But it wasn't the point of my comment. My point was that you cannot throw something like "there is no economy" without explaining why you see it that way, otherwise it makes zero sense.

.

Samphaa · February 2016

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

Bind on pickup

Milvan · February 2016

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

You know what would be amazing? A stock market for the guilds! I buy and selling papers of the trade guilds hahaha. It would very dinamic.

Daraugh · February 2016

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

It's a pretty subjective question, but from my point of view I have all the gold I need to buy whatever I want or need and can make more easily. So for me it's good, but I'm not that much into the trading aspect. In EVE, sure, I was part of a corp that just manufactured and made money but here it's just not that kind of game for me.

IcyDeadPeople · February 2016

No idea what a "strong" or "weak" economy means in the context of an MMO. Are you just talking about the level of activity, number of players participating, etc?

DanielMaxwell · February 2016

anitajoneb17_ESO wrote: »

DanielMaxwell wrote: »

anitajoneb17_ESO wrote: »

DanielMaxwell wrote: »

for those who have gold to spend it is fine , those with out it is bad .
only guildtraders seeing some movement of product , at what they consider acceptable prices, are the ones in the main locations , most other locations are barely getting more then vendor price after all fees are paid .

For the same items ?
Just let me know where I can get Kuta for "barely more than vendor price" in a remote location and I will be more than happy to go buy them there.

I'm just quite fed up with people pretending that big guilds in trading hubs rule the game, while all they have to do is farm stuff that is demanded and put it for sale. Most of the times in remote locations all I see at guild traders' is 50 crappy white items that noone wants.
Oh wait, farming requires time ? Oh well...

I'm not going to do the leg work for you get out there and search every trader everyday until you catch that deal , and make sure you search all of the remote guildtraders or you will miss it and somebody from one of the main trade guilds will find it and relist for a huge profit. If you are unwilling to do that then pay the higher prices or do not use the guildtrader kiosks .

I'm not asking you to provide me with "tips", I'm only asking you to back up your opinion with facts. Which obviously you can't. Which invalidates your theory.

The truth is, people in trading guilds without a kiosk or with a bad kiosk or with no trading guilds at all just don't want to put in the "efforts" or the time to fill in their slots with actual valuable goods and instead like to pretend that they are victims of big successful trading guilds.

you asked for the location of a Kuta at barely above vendor cost and said that you would gladly go there to buy it

anitajoneb17_ESO wrote: »

Just let me know where I can get Kuta for "barely more than vendor price" in a remote location and I will be more than happy to go buy them there.

The above excerpt shows you asking for a very specific item and saying that you would go buy it , you wanted me to do your legwork and I told you no. In my post I never said what item or that it was the same items that where being sold I referenced product being moved , meaning anything they where selling .

Most of the members of trade guilds that do not have access to kiosks in the prime locations sell the most valuable items in chat alongside other players who have zero trader kiosk access .

anitajoneb17_ESO · February 2016

DanielMaxwell wrote: »

Most of the members of trade guilds that do not have access to kiosks in the prime locations sell the most valuable items in chat alongside other players who have zero trader kiosk access .

So you pretend that traders in remote locations are bad but you don't even bother listing your attractive items there.
In fact you're accusing the system for consequences that result solely of your own behaviour.

DanielMaxwell wrote: »

only guildtraders seeing some movement of product , at what they consider acceptable prices, are the ones in the main locations , most other locations are barely getting more then vendor price after all fees are paid .

If that includes any type of item, that should be valid for Kutas too.
If you don't list Kutas or anything of value there, then it's normal that you don't make money.
.

DanielMaxwell · February 2016

anitajoneb17_ESO wrote: »

DanielMaxwell wrote: »

Most of the members of trade guilds that do not have access to kiosks in the prime locations sell the most valuable items in chat alongside other players who have zero trader kiosk access .

So you pretend that traders in remote locations are bad but you don't even bother listing your attractive items there.
In fact you're accusing the system for consequences that result solely of your own behaviour.

.

remote kiosks are known to receive low usage from buyers , mainly due to being remote . If you have something that you know can be sold for 20k gold or more and you do not have access to a trader kiosk in a prime location your best chance of getting that 20k gold , or more , is to sell it in chat . Selling items in chat is not , and never has been , a result of the guild trader kiosk system , selling items via the in game chat is one of the oldest methods of selling items in mmo games .

you are grasping at straws to attack what I said , you should stop before you make yourself look foolish . (and that is coming from somebody who has made himself look foolish in real life and on game forums a lot.)

anitajoneb17_ESO · February 2016

DanielMaxwell wrote: »

anitajoneb17_ESO wrote: »

DanielMaxwell wrote: »

Most of the members of trade guilds that do not have access to kiosks in the prime locations sell the most valuable items in chat alongside other players who have zero trader kiosk access .

So you pretend that traders in remote locations are bad but you don't even bother listing your attractive items there.
In fact you're accusing the system for consequences that result solely of your own behaviour.

.

remote kiosks are known to receive low usage from buyers , mainly due to being remote . If you have something that you know can be sold for 20k gold or more and you do not have access to a trader kiosk in a prime location your best chance of getting that 20k gold , or more , is to sell it in chat . Selling items in chat is not , and never has been , a result of the guild trader kiosk system , selling items via the in game chat is one of the oldest methods of selling items in mmo games .

you are grasping at straws to attack what I said , you should stop before you make yourself look foolish . (and that is coming from somebody who has made himself look foolish in real life and on game forums a lot.)

Look who's talking ! LOL.

XANTITHESISX · 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.

All while all chefs are demanding 15 gold an hr driving up the cost of Tomatoes, White Caps, Frost Merriam, Berves Juice & Perfect Rowe making Orzorga's Smoked Bear Haunch unaffordable to the common peasants

DanielMaxwell · February 2016

anitajoneb17_ESO wrote: »

DanielMaxwell wrote: »

anitajoneb17_ESO wrote: »

DanielMaxwell wrote: »

Most of the members of trade guilds that do not have access to kiosks in the prime locations sell the most valuable items in chat alongside other players who have zero trader kiosk access .

So you pretend that traders in remote locations are bad but you don't even bother listing your attractive items there.
In fact you're accusing the system for consequences that result solely of your own behaviour.

.

remote kiosks are known to receive low usage from buyers , mainly due to being remote . If you have something that you know can be sold for 20k gold or more and you do not have access to a trader kiosk in a prime location your best chance of getting that 20k gold , or more , is to sell it in chat . Selling items in chat is not , and never has been , a result of the guild trader kiosk system , selling items via the in game chat is one of the oldest methods of selling items in mmo games .

you are grasping at straws to attack what I said , you should stop before you make yourself look foolish . (and that is coming from somebody who has made himself look foolish in real life and on game forums a lot.)

Look who's talking ! LOL.

and at this point you have gone and "jumped the shark" , you will probably reply but this is the last reply you receive from me on this subject as I'm done feeding you .

Enjoy your gaming and have fun

(edit for spelling and missing words (forgot "me" in there))

Elijah_Crow · February 2016

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

Bind on equip has had quite an impact on the economy. In my opinion ESO has quite a few gold sinks to take money out but could use a little more. I would love to see some kind of farming (herbs, and such) with player housing. Even furniture crafting of some type added to each crafting profession would help.

It will never be a full crafting economy for gear without item decay, but slow and steady increase in item gear CP level will actually do wonders for fueling the economy. Many hate re-making gear, but it really does fuel trade.

ChuckyPayne · February 2016

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

Where is the 4th choice? Other.

Idk strong or not. I have 3 trade guild I can sell enough items I have money for everything. But I feel ZOS brought a couple of bad decisions.
BoP: Yes a good tactics, end game content not the best, not so much variety, bad RND + BoP + repeatable end contents = long-time end content.
New undaunted head+shoulder armors: AP is ok at merchant, but gold? Why? Other players could sell the undaunted head+shoulders and the economy would stronger.

Destyran · February 2016

DRXHarbinger wrote: »

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.

Well on xbox na the big guilds collaborated and set prices higher than they have ever been. 15k kuta. 75k willpower 4 k repora 125 k agility. 1500 per columbine

reften · February 2016

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

35% voting the positive option is probably an ultra high number. If you did this poll with every other MMO in history, two years after that MMO was out, I bet less than 10% would say the economy was good.

reften · February 2016

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

Tandor wrote: »

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

Like all other gamers where money became worthless? And a semi-common item would cost the average player every penny they had because of abuse of the system?

I don't think people realize what the current system does for you the player...it keeps prices DOWN.