The Future Of The Wynncraft Economy And Market.

This post is about economy and the future of it.

I will try to focus this text on the Re-Identifications and what they are for and how they will affect us in the far future.


I think this is a way for Salted and the rest of the staff to get some money of the market.
This is very efficient because the people with lots of money will of course spent more on trying to get better stuff than the people with less money. and therefore the richer a player is, the more that player will help to push down the prices at the market.

Combined with legendary gear dropping more commonly, and the economy and the money it holds will eventually shrink like a balloon that is losing air.
Once the update has been out for a while the prices will slowly but steadily begin to drop.
The time it takes before this happens depends on what interest and attention the new items and the update itself gets from us players.

This comes from a person that has been reading economy in school for 2 years (and the third year just started, yay).
Im not saying I will be right or that I am right. However I (!) think this is how its going to be.

ErikC17

 

Hopefully the new mythics will be OP shit that will cover up the prices lost by the restructuring of the economy.

 

In theory the market will experience a slow price drop as more and more of every item enter the market, however, you must also remember that there will be more money in the market as well. With more money comes higher prices, and more quests just add to that.

Initially there should be a drop and a continuance of that trend, but it will most likely climb back up in price again, as there is more money. However this may not happen, and there will be no shortage of any item, in theory.

Of course it is likely that we are both wrong :3

 

We might be so wrong xD
but it is fun to speculate

 

Whether your theory or Flub's theory or neither is right, we can all agree that the economy's still not gonna get any better

 

The prices are gonna drop since people will use a lot of money trying to get max items.
The more items will make up for the items that people will lose because of the soul point system
Also the powders are a small thing but they also cost emerlads to add upgrade and remove adding all of these things together should
make the prices drop not instantely , it will depend on , how much people will want to re identify
If the prices really do drop this will make it so the new soul point system will not be that bad

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can you please explain why
In my oppinion the econmmy will get way better

 

Prices won't drop. People who use money to get Max IDs will start selling those items for higher than usual, since they've already spent money on them. Prices will rise, people will start trying to get more money, more and more money will be introduced, and the economy will just keep inflating.

Nothing can fix Wynn's economy except a total reset.

 

I expect a rise in players using middlemans to check the amount of times an item has been id'd.

 

First of all a total reset would simply mean people have to start getting money from the beggining if there was no other changes made that would mean that their would me more money soon agian.

You did't give a good reason for why the prices won't drop
also if people reidentify and try sell a new max weapon less people will want to buy it for a high price because they would benifit way more if they just identfied the item them selves meaning that if someone used 3 le on re identfiying an item he techincally cant boost the price or their will be less buyers
also because people are using money on vilagers not between each other that means that techincally means that people are getting rid of money meaning that the prices will actually slowly drop.

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A number shows up on each item that has been idetfied , showing how many times it was idetified

 

Oh that's a thing? I swear I read somewhere saying that wasn't a thing, but if it is a thing then that's great!

 

No, a total reset would get rid of all the inflation that has occurred over the years. Germany did this after people needed literal wheelbarrows of money to buy a single loaf of bread, and it worked perfectly.

Prices won't drop because people don't want less money. Unless all items suddenly have a mass influx, people won't try to buy things for less than before, and if the rarity decreases that much, people will probably find it by themselves, decreasing sales and demand.

With re-identifying, Mythics and good weapons and gear will become like horses. You can either try to buy cheap ones and breed them for a white horse, or you can be safe and buy a White or Chestnut horse on the market. They're both gambles. And would you look at that, people still charge ungodly amount for white horses, and people still buy them.

Just like getting a white horse, you could end up being lucky with a re-id and getting what you want immediately, or you could spend so much money that you'd have lost more money than if you'd have bought it as is.

People using money on villagers has nothing to do with anything, really. Especially seeing as how you get money from villagers a ton more in the new update too. People aren't using enough money on villager-based trading that the prices will drop server-wide.

The inflation of the economy began a long time ago, and it's definitely not about to stop.

 

Well wynncraft is trying to add more ways to get rid of money for example the soul point system and the re identifactions
and you can also see rn how many ppl are shouting asking for mythics saying ids dont matter i think people are more likely to identify items them selves rather than buy expensive ones

 

I see your point and partially agree with it... But:
If they adapt the prices to what the players are spending, and all the players are spending the same thing, then the economy won't go to shit.

 

They're also adding new ways to get money. The new SP system will result in less emeralds lost, not more.

Right now, people are buying mythics to try and re-id them once the update drops. Back when horses were first introduced, nobody bought or sold horses either; they just tried to combine them. The same thing will most likely happen with Re-ids.


Now try and cover more than one of my points, hm?

 

example please ? the last time was when they made mobs drop more emralds

this could go diffrentley since horses are only for traveling while items you know are used way more

 

Example: Treasure-hunting. You can go diving off the shore of Selchar and make a decent profit by selling found treasure to an NPC on the island.

They're the same when it comes to the economy part; they're a gamble. Now could you actually try to discuss more than one point?

 

like ? xD

 

Like literally any one of these you blind idiot

 

Please dont call me an idiot and if i was blind i wouldnt be able to read anything that you wrote so please dont accuse me of being blind

Well theres only like 1000-10000 rich people on wynncraft by rich i mean people with over 1 stack le
so im pretty sure the majority would want to lower the prices meaning the prices would be lowered

This would cause chaos on the forums and on servers people would be complaing that their level 100 classes have been deleted they spent 100s + hours of time on
And if your just talking about money that means people with high level classes would lose out on so much money that they wouldnt be able to get from quests

Wynncraft just needs to buff prices of potions on higer levels nerf mages heal , so mages will have to buy potions
and in general add more ways to spend money to vilagers

im actually planning to do a thread on a really good way to improve wynncraft

 

have you ever considered that not everything on the internet is 100% literal and serious?

1000 people is more than the average playercount, and 10k is even more so.
Sure, the buyers want lower prices; they always do. That doesn't mean jack shit, because the sellers want what they think is an appropriate amount of money for their items. It'll take more than what this update does to convince sellers that they have to sell lower, because that's just how inflation works. Real life inflation has happened, and it's never been stopped by people just saying "hey you should lower this price". Why? Because with all the money flowing through the system, nobody will start selling for less; they'll just make less money.

Right, you covered this point horribly; I never said that they should reset everything, I only stated that it was the only way to actually fix the economy. I was hoping you'd come up with another idea, but no such luck.

More potions being bought will not heal the economy; they're too cheap, and if they're made more expensive, nobody will buy them in bulk. And if they're made just a bit more expensive, it still won't make enough of a dent in the amount of money. It's a lose-lose situation with potions.

However, I do agree that there should be more ways to get rid of money via villagers or otherwise; that way, at least inflation will slow, and prices will stop skyrocketing every time new quests and ways to get money are added.

There is no perfect way to improve Wynn when it comes to the economy. A reset would fix it, but the amount of complaints and lost players would be unbearable.