Reaction/Discussion The Changing Of The Economy

So as a guy who intrests in the wynncraft economy i am not exactly sure to think about this in a positive or negative way...

With all these new fearures (legendary rebalance, re-id, ...) wont the economy take a big hit you think?

My tought is that in the first few weeks the economy is gonna be unstable but eventually it will go back to normal... Right?...

 

New mythics = new economy


It's probably gonna go up.

 

It depends on the new mythics and the reidentifing option. Some of these mythics can go for crazy prices like 15-20stacks .

 

It will probably go down because of the exponential prices if re-ids, so all the rich people will re-id until they get it perfect.
also, this is a beta section. For general discussion about the game and future updates, go to the Wynncraft section.

 

I think it will help the economy; all items except mythics and sets are much more common, and legendary especially are buffed, so people won't have to buy legendaries as much; but there are still the high-value, extremely rare items in the former of mythics and boss alter drops, they will sell for a lot, but people will want to invest money in rerolling them so they sell for more-- because they might not get another one. While the sale of legendaries won't stop, legendaries will be worth a lot less due to being more common, and mythics and boss alter items will be worth more, because they have been made rarer in the update, and their owners invest more money into them so then they sell them at a higher price to try to gain a profit. Long story VERY short: everybody ends up middle class.

 

Does that mean I could sell my shitty rewinds for alot because I've never re-rolled the stats on it? :O

 

More than now, but not as much as a good one.

 

If you don't reroll the stats on it, you can sell it for a possible greater profit that rerolling it to get high stats and selling it for even more. This is just a guess I made based on the current economy and new changes, I can'tell be sure if they will be true until they are put into effect.

 

I think the re-identification process will serve as a viable emerald sink, since there is a massive influx of emeralds between all players, resulting in absolutely insane inflation. It will hopefully give much more poor players a chance to get a good legendary or good mythic, since at the moment, the endgame legendaries and mythics have outrageous prices, especially the ones with good IDs.

 

It's because they're mythics and because they have such good IDs that they have such a high worth. The re-identification completely defeats the purpose of identifying items in the first place, if you have just 1 of an item you can just keep re-rolling without ever needing another, which is going to lead to a lot less people buying items and make the worth of items with good-stats decrease.
I think the re-identification is far too focused on making it 'easier' to get good items, but the very act of making it easier to get things decreases their worth.
As far as I'm concerned, the economy is going to be brutally fucked over, reguardless of new mythics.

 

I guess we'll just have to see how it plays out on release, though I think it will help the economy.
The value of good mythics will still be high due to their rarity, and since re-identifying seems like it will become incredibly costly, since the cost raises exponentially. There's also the fact that players have too many emeralds. Even if many of those emeralds are used to by a valuable mythic, those emeralds are merely being transferred to another player, keeping inflation very high. By providing a good method to dispose of those emeralds via NPCs, the ridiculous amount of emeralds players have will most likely go down by a lot, thus giving the much more poor players a fighting chance to get a good item.
Not to mention the fact that Mythics with bad IDs will rise in value. At the moment, bad mythics are just as valuable as a normal legendary, which is odd in my opinion. I once found a Weathered out while grinding, thinking I could make a stack or two of LE with it, until it turned out to have horrible IDs. I ended up selling it for only about 30 le, and it was really disappointing considering it has a 1 in a million chances of appearing. If I get a bad mythic in this upcoming update, I could still retain the value of a mythic, and I will still make a profit by selling it.
I will agree that the incredibly rich players will be somewhat screwed over, since the value of good mythics will definitely drop. However, that will mostly be short-term, since the rich players will hopefully adjust after a couple months.
In short, the economy will most likely become better in the upcoming update since it gives the poor players a chance to get mythics through the market.

 

Il just say something without reading much
The re id thing is gonna mean ppl have less money prices are gonna go down unless scammers done

 

I can't begin to say how much I disagree, but in short while yes, it'll work as a sink to reduce the emerald count of players, at the same time the prices of items I believe are going to drastically fall, because there won't be any point in buying items with good stats anymore, Items with good IDs which make up the majority of the trade market will plummet in value, so in turn this majority will counteract the decreased inflation from the re-identification process. It's not going to solve any problems, it's just going to fuck-over the players who put the time and effort in to get a good set of items 'legit'.

 

I honestly think the re-identification method will make mythics prices go way down and I believe the legendaries may go up a little.

 

Every update players rant about the economy breaking. It never does so there's no need to worry.

 

like i say what ecomnomy

 

I believe the economy will go down. Earlier I said this simple statement:

I respect your opinion, but let me explain my thinking, and tell you why you are wrong.

The first point you made, was that the reason that most mythics are worth so much is because they have such good id's. This is correct, but some are purely for raw damage, like Grandmother, Alkatraz, Apocalypse, or Gaia. But the worth of mythics comes from their rarity, as holding 1 in your had shows that you have played wynncraft for a long enough time to be an addict.

Your second and main point was, that re-identification defeats the purpose of identifying them in the first place, seeing that you can just re-identify until you get max id's on all stats. This, is a misconception based off a quick skim read. Here is what Salted actually said:

You missed a key point which me and many others, also found in this thread, believe will largely deflate the economy, the fact that each time you re-identify, the cost exponentially increases, making it so that the rich people, as I referred to the earlier, can re-id until they get perfect stats, and the fact that buying an item unidentified or identified only once will be cheaper than buying one identified to the point where it costs 2 stax to re-id the item. In this way, if an item is identified only once and has terrible stats, it will be worth more than one which has been identified multiple times and has average stats, making the identifier a liquefied emerald sink.

The other option is that I completely misinterpreted your post, and is that case, you need to learn better English.

 

If average id legendaries were worth over a stack a week ago (according to scammers imo), then the fact that any item can now be reided to get better than the average makes prices actually reasonable. There can be no more jacking up prices because things have slightly ok ids, therefore, prices of high id items are going down to reasonable amounts, while bad id items are already climbing to pretty much what will become their set value (old endgame before the level cap change was announced) (regardless, was 6-8 unless it was a perfect loot blue mask)

 

You misinterpreted, I know the price increases exponentially. That doesn't change the fact that people will abuse it. Say it takes you 4le to ID a mythic the first time, even if they charge FIVE times that the second time it's still only 20le, and with that 20le you could very well get better stats than your current mythic if it had bad IDs. For example, there's a stratiformis with 25 walk speed I believe... This could be re-ID'd to get far better stats, going from a price of say 2 stacks to 26 stacks like some have sold for in the past if the current economy was to be maintained, however obviously this wont happen. That stratiformis that sold for so much, 26 stacks, will hugely decrease in worth, hugely, and think how much time people have spent to get to that point. This is pretty extreme but the closest comparison that I can think of to this "make it easier for low players to get good stuff and ruin the value of the high players" is practically socialist/communist. I realise that sounds fucked up and stupid, but if you look from this point of view that's the best way to describe the effect this will have.

Also, not one part of your comment actually answered any questions or posted your own opinions, you just opposed mine without giving any real reason as to why it's why it's wrong asides from assuming I ignored the exponential increase which, as I said, I know about.

________________________________

Also, you're wrong. Completely wrong. Even after Gavel the economy broke down... there's a reason people say the economy is fucked; and that's because it's fucked.

 

Also emerald value will go up, so people with a stack of le in their bank would be worth like 2.5 stacks.