Prices dropping...fast

[Susurrus]

Kinda curious as to why when prices go up fast people start posting about it left and right, but when they drop fast, nobody says anything....

Anyway, why are the prices dropping like this? Everything seems to be going down in price...fast. On the downside I can't sell jack squat cuz I keep getting undercutted....on the upside, maybe I can start to afford some better stuff...

[dirtyclown]

Re: Prices dropping...fast

I noticed it too. I was going to sell my Dragvandil when I noticed the price went from 60-70k down to 20k. At the time I was disappointed, but I figured I'd wait for Christmas to roll around before letting it go. It almost looks like our economy is going into a depression, which is probably a good and bad thing. Lower prices, but lower returns at the same time. D:

[neighbortaru]

Re: Prices dropping...fast

perhaps the efforts of SE to combat inflation are working? nah...

[MisterCookie]

Re: Prices dropping...fast

Its probably because the constant speed hack bans are wiping out vasts amounts of money. Since a cheater would most likely be richer than a legit player, a ban would remove a smegload of gil out of the economy.

[Taskmage]

Re: Prices dropping...fast

I've been kinda grumbling about it in LS for the past month. Yeah, on the one hand prices are going down, but as you said when prices are consistently falling it makes it hard to sell anything. Then again, I'm running into this problem where I'm having a hard time earning the money to buy the nice items at their new, cheaper prices because the items I usually sell for money have dropped as much or more in value. Plus le change, plus le meme chose?

[Bricklayer]

Re: Prices dropping...fast

It's been nice for crafting. Getting a stack of pineapples for about 1k and water crystals for 1k was a highlight of my morning.

[LadyKiKi]

Re: Prices dropping...fast

You can buy Pineapples for like 600gil per stack in Kazham I believe. So if you're free pop to Kazham with water crystals to start crafting!

[Bricklayer]

Re: Prices dropping...fast

Someday, when I get to Kazham, I'll do that! What's the lowest level I should try to get to Kazham at?

[Maju]

Re: Prices dropping...fast

Someday, when I get to Kazham, I'll do that! What's the lowest level I should try to get to Kazham at?

23 for mages, 24 for melee. Some insist on not going until 25, but then again, most also insist you must be 20 before going to Qufim even though worms are excellent exp for L18s.


Anyway, yeah, prices are dropping really fast. Kinda dissapointing how I bought my gluttony sword for 700k and when I wanted to sell it the price had dropped to 200k.

[Dux]

Re: Prices dropping...fast

Kazham is one of the more popular EXP zones once you hit 25, just after Qufim Island.

[Cometgreen]

Re: Prices dropping...fast

I finally sold my last stack of Darksteel quivers today. I put them up three weeks ago at 158k (average was 160k), and the price had dropped to 80k within that same week. I thought I would be able to make a small profit leveling on the bolts, but I bought the boltheads before those prices plummeted, so I probably lost a few thousand. And an LS mate is now quite pissed that Sleep bolts were severely undercut over the last week.

It's nice when things like food go down, but it's those small or slow markets that hurt. Some NM drops are a good example (Ebow went down to 5.5 million back in August, but hasn't moved since, whereas everything else I used to make money has at least halved in price), as are some of the less popular crafting ingredients. I'm just wondering if I should spend all my money on random gear before December, and sell back at inflated prices.

[Althrun]

Re: Prices dropping...fast

That assuming that there's a hyper-inflation this year like there was last year. If SE keeps killing RMT banks and accounts, the RMT sites can't mark down their prices down to $5 for 1m or w/e it was last year. Since they won't be selling gil for cheap in this instance (assuming SE keeps an aggresive stance on this issue), we won't see that hyper inflation where fire crystals were selling for 20k a stack.

If SE drops the ball and doesn't follow through, then yeah, sell high and buy low. just don't count on it this time around.

[Loial]

Re: Prices dropping...fast

Taskmage makes a good point. While the prices on some high end stuff might have dropped by 50% or maybe even 66%, the prices on the stuff many people used to farm has dropped by more than 80% in some cases. This is one of those few times when it would've been wiser to keep gil as deflation ensued rather than holding onto gear.

It is interesting to see prices drop this low. These prices are getting closer to the Fall 2004 prices that I remember.

[Queen Uma]

Re: Prices dropping...fast

It would seem that everything I own has dropped dramatically whilst everything I need to buy has stayed constant. There are a few exceptions, Absorb-Dex for example, was 1.2mil this time last year and it is now ~250k.

[Insert]

Re: Prices dropping...fast

Kinda dissapointing how I bought my gluttony sword for 700k and when I wanted to sell it the price had dropped to 200k.

I got one better, my gluttony sword was purchased during the "Holiday Gil Sale". You know the one where rock salt went up to like 30K a stack?

My Gluttony sword was purchased for 1.8 Mil (that I had borrowed/farmed), I sold it earlier than I should of to get 700K back out of the deal...it currently sells for 300K