http://services.rune...-grand-exchange

 

Hi all,

Over the last month, or so we have all noticed the effect of the new combat system on the price of objects on the Grand Exchange. It’s due to a variety of different factors, all of which are worth a decent discussion. It’s my hope that this blog will stimulate some healthy debate on the forums, and will lead to a series of changes to improve the new system.

Prices on the GE are falling in response to the volume of items being sold on the GE; right now people are panic-selling items, because they are afraid the price of the items will go down considerably. This is self-fulfilling; as so many people are liquidating their priciest assets just in case their rare items become less valuable, the price of these items is going down. If this carries on, then it means the price will continue to drop, and will do so quickly. The demand for these items has generally stayed the same - people still want high-level , rare gear - but the number of sellers has increased disproportionately.

It’s often the case that we experience this sort of dramatic rise and fall in items prices – just look at the effect on the Grand Exchange just before - and after - a Bonus XP Weekend or bonus drop event.

It’s worth mentioning that the price of objects - especially high-level and rarer gear - has been steadily, yet slowly, declining for a number of months. This is quite natural, considering that there are more of these items entering the game every day and not many going out. Most high-level players are capable of avoiding the cost of death, returning to their graves to pick up any potentially lost equipment. This steady decline has been magnified by the introduction of the EoC and the general market panic.

There are a number of reasons to hold onto your gear:

1) New Updates

Several updates in development now are targeted at high-level players with the best gear. Updates like the Kalphite King and the new Slayer dungeon are being designed under the assumption that players will be using the best gear available to them. Using second-rate gear meant for lower levels just won’t do the job! All of the equipment intended for the next level tier will degrade or have higher repair costs, so don’t assume that the current highest level gear will be out of date - far from it!

2) Set Effects and Nex Gear

We're working on adding set effects to Nex gear (Torva, Pernix and Virtus), in line with your feedback, and are aiming to bring this out in early 2013. We're also continuing to look at the basic stats of the equipment and the enemies we expect a player to be fighting while wearing it. New benefits should mean that the price of these items will increase as their desirability goes beyond pre-EoC levels.

3) Feedback and Improvements to the EoC

As with any integral part of the game, development and balancing of the Evolution of Combat is ongoing, even post-launch. The list of features we're currently monitoring most closely includes how players use prayers, potions and food. For example, right now we can see that mid-level gear can be used to fight larger, tougher creatures than we had originally anticipated. This is something we want to change. We can also see how the use of items like Saradomin brews have changed since the introduction of defensive abilities and the new ways in which Constitution affects the healing amount of food. We have plenty of plans for rebalancing and improving the combat game as stands now, and as we won't make any major changes without being sure it's the right thing, these statistics and your feedback on the forums are vital.

4) Getting the Hang of the EoC

Right now people are still learning how to get the best out of the new system. New guides are being written every day by the community, but there still isn’t a definitive answer to the question “what is the best thing for me to do?” More than ever, combat in RuneScape is about choosing the right gear for a specific task, and in a game as huge and complex as ours, that's going to take time to learn. We're looking at putting together some guides ourselves, and as more people work out the best gear for particular situations, those prices will grow and stabilise.

In summary: don’t assume that the combat system, nor the items within it, will stay the same. Also, don't be tempted to sell up all your best gear 'just to be safe'. Once the changes we have in mind are launched, and the demand for high-end equipment becomes even higher than before, we are confident that the prices will rise again.

I look forward to hearing your thoughts on the forums! As always, we value your constructive feedback beyond anything else.

Mod Mark

RuneScape Design Director

Discuss this [qfc]294-295-116-64148456[/qfc]

 

Set effects for Nex gear might be interesting...

I'm going to go and say their guides will suck just as bad as their "recommended setups" for Brink of Extinction.

Cue scramble for nex items

Well damn. Glad I kept my Pernix lol

Won't be worth buying with ports out. Mind you most PVMers have crap skills. Generalizing is bad because ill get crap for that.

Bought all my nex sets back just after this was released whilst still below ge value :)

 

Can sell a torva plate now for nearly the price I bought the set at. TY for once MMG.

I like how the gist of the message here is: Stop panic selling your rares because they might drop you idiots - it's your selling them that is making them crash in the first place and they are still useful so all your are doing is moving onto worse gear for no good reason.

 

Which tbf pretty much sums up the average RSer who seems to have limited concept of how supply and demand works with the GE (source any number of threads on RSOF and a few here about why jagex should stop lowering the price of X even though the price is caused by the ge and supply/demand)

No one was panic selling rares, rares were increasing nicely.

 

It was high level armour.

I obviously meant rares as in the rare high level armour given the context of my post on a thread about a newspost talking about people panic selling rare high level armour.

I like how the gist of the message here is: Stop panic selling your rares because they might drop you idiots - it's your selling them that is making them crash in the first place and they are still useful so all your are doing is moving onto worse gear for no good reason.

 

This is false. Whilst panic selling does exacerbate the crashing problem, it is not the initial cause of the problem. If an item becomes less useful, or superseded by a better item, the demand for it will fall, as will the prices. Also, as an individual, one has little if any control over the behavior of other participants in the market, hence, an intelligent individual will take that into account. If I have reason to believe others are going to panic sell, then it might be better for me to join in, since I alone don't control enough market share to countervail their panic selling. It is perfectly rational in that situation to go with the tide, dump your armour, then buy it a little while later, saving yourself some money in the process.

 

----------------

 

SInce PoP armours are only marginally better than Nex, I wonder if the set effects will make Nex armours superior to PoP? As far as I know, the PoP armours don't have any effects, yet.

I'm happy with my level 70 'second rate' gear, Mark, but thanks for the offer.

Is he by any chance a leader of a private merching clan on his private account?

*cough*climbing boots*cough*

I like how the gist of the message here is: Stop panic selling your rares because they might drop you idiots - it's your selling them that is making them crash in the first place and they are still useful so all your are doing is moving onto worse gear for no good reason.

 

This is false. Whilst panic selling does exacerbate the crashing problem, it is not the initial cause of the problem. If an item becomes less useful, or superseded by a better item, the demand for it will fall, as will the prices. Also, as an individual, one has little if any control over the behavior of other participants in the market, hence, an intelligent individual will take that into account. If I have reason to believe others are going to panic sell, then it might be better for me to join in, since I alone don't control enough market share to countervail their panic selling. It is perfectly rational in that situation to go with the tide, dump your armour, then buy it a little while later, saving yourself some money in the process.

 

----------------

 

SInce PoP armours are only marginally better than Nex, I wonder if the set effects will make Nex armours superior to PoP? As far as I know, the PoP armours don't have any effects, yet.

I can't see Jagex giving a heads up about nex armor effects and then having them actually be relevant, it's just not their style.

I like how the gist of the message here is: Stop panic selling your rares because they might drop you idiots - it's your selling them that is making them crash in the first place and they are still useful so all your are doing is moving onto worse gear for no good reason.

 

This is false. Whilst panic selling does exacerbate the crashing problem, it is not the initial cause of the problem. If an item becomes less useful, or superseded by a better item, the demand for it will fall, as will the prices. Also, as an individual, one has little if any control over the behavior of other participants in the market, hence, an intelligent individual will take that into account. If I have reason to believe others are going to panic sell, then it might be better for me to join in, since I alone don't control enough market share to countervail their panic selling. It is perfectly rational in that situation to go with the tide, dump your armour, then buy it a little while later, saving yourself some money in the process.

 

----------------

 

SInce PoP armours are only marginally better than Nex, I wonder if the set effects will make Nex armours superior to PoP? As far as I know, the PoP armours don't have any effects, yet.

 

In the Nex armours the initial crash WAS caused by panic selling because, quite simply, until PoP there was nothing better so there was no reason for them to become devalued.

the number of (bleeps) given is the same as the number of people who like the sgs/squeel and ivp. nex sets needed to crash, they are what, 2-3% better than the lowest tier below them? about time I say, i lost bank on them, but frankly, catering to all the whiners who are going OMG NEX SETS USELESS JAGEX FIXPLZ is just damn silly.... Nex gear is still the best in the game, and will be for a looooooooooooooong time, because pop armour takes months to get.

 

First time they've done something like this (a newspost anyway), and hopefully the last.

In the Nex armours the initial crash WAS caused by panic selling because, quite simply, until PoP there was nothing better so there was no reason for them to become devalued.

 

The so-called panic selling of the Nex was motivated initially by announcement of the Obsidian Armour and the sneak preview BTS video which showed the stats for it, without mentioning the penalty(as you well know, Obsidian has stats that rival that of Nex). Thus, high-leveled players reasonably assumed that Nex armours would be overshadowed by the new and easy-to-obtain armour, hence why several popular youtube channels recommended dumping them. This behaviour was perfectly rational with the amount of information given at the time. Then, a few days later Jagex announced the penalty and that particular crash was averted -- or so it was thought --then, they announced new high-end equipment(PoP), so the crash resumed. It has already been confirmed that PoP, for now at least, surpasses Nex, thus it is a perfectly rational for Nex to crash. It's not terribly difficult to understand.

In the Nex armours the initial crash WAS caused by panic selling because, quite simply, until PoP there was nothing better so there was no reason for them to become devalued.

 

The so-called panic selling of the Nex was motivated initially by announcement of the Obsidian Armour and the sneak preview BTS video which showed the stats for it, without mentioning the penalty(as you well know, Obsidian has stats that rival that of Nex). Thus, high-leveled players reasonably assumed that Nex armours would be overshadowed by the new and easy-to-obtain armour, hence why several popular youtube channels recommended dumping them. This behaviour was perfectly rational with the amount of information given at the time. Then, a few days later Jagex announced the penalty and that particular crash was averted -- or so it was thought --then, they announced new high-end equipment(PoP), so the crash resumed. It has already been confirmed that PoP, for now at least, surpasses Nex, thus it is a perfectly rational for Nex to crash. It's not terribly difficult to understand.

 

But the crash started before that, it started when EoC came, same as it did for host of other high end gear such as Galcor boots which had no reasons to crash other than panic sellers.

Knew this would happen. Glad I kept my Nex set

But the crash started before that, it started when EoC came, same as it did for host of other high end gear such as Galcor boots which had no reasons to crash other than panic sellers.

 

This is simply not true. The crash you are referring to this time was precipitated by something else: the very nature of EOC itself. Contrary to the image that they portrayed when EOC was in development where we were lead to believe that we would get all these nifty abilities because the game was going to be complex and challenging, most bosses and monsters in the game now are pathetically easy. Not only that, but several armours were improved substantially(In comparison to their pre-EOC counterparts) and this lead to several high-end armours being viable. Before EOC, Nex armours had not only the best stats, but they also gave a substantial and unrivaled LP boost. Also, monsters and bosses were still relatively(relative to now) challenging, so having a Nex armour was a boon. Nex was clearly the unrivaled and sole gear at the top. Now, barrows and Gwars armours also have LP(well, all armours do now), and their LP boosts are comparable(or at least in the same ball-park) to Nex, hence the crash began. So to recap: a) several alternatives for high-leveled players in place of Nex, b) monsters in EOC being ridiculously and pathetically easy; both a) and b) naturally lead to a much reduced demand.

 

As for the Glacor boots, they crashed because Jagex nerfed their stats(steadfasts for instance don't give att bonuses anymore) so they crashed. That's a perfectly reasonable incentive for people to dump them. Who(aside from billionares) wants to pay 10's of millions of Gpies for boots that give marginally more Hp/Defense than other boots that only cost a couple hundred thousand, or merely 30 thousand(in the case of D boots) in a game where monsters are too easy to beat anyways? Once again, not terribly difficult to understand. If there's anyone to blame for these crashes, it'd be Jagex, they are the ones who needlessly nerfed certain things, made monsters too easy and so on, they not the players incentivized these things. It seems that they have realized this and are trying to rectify it, somewhat, though by band-aides rather than attacking the root cause I don't see what exactly you can't understand, it's almost as if you haven't been paying attention to these items and the various updates for the last 3 months, all your various examples are horrible(for advancing the point that you seem to want to make anyways).

Haha win, I bought full Pernix just for the looks for f2p. Now I'm glad I did it.

But the crash started before that, it started when EoC came, same as it did for host of other high end gear such as Galcor boots which had no reasons to crash other than panic sellers.

This is simply not true.

 

But it is. And the rest of the post you are just agreeing with him.

But the crash started before that, it started when EoC came, same as it did for host of other high end gear such as Galcor boots which had no reasons to crash other than panic sellers.

This is simply not true.

 

But it is. And the rest of the post you are just agreeing with him.

 

It is not true that the items in question "had no reason to crash"(this was Sly's assertion), I explained as to why in my previous post. I also disagree with his assertion that the panic sellers are the sole/original cause of items crashing(panic selling contributes, but usually is rooted in some update), and I also disagree that panic selling is irrational(he sort-of called panic sellers "idiots").

But the crash started before that, it started when EoC came, same as it did for host of other high end gear such as Galcor boots which had no reasons to crash other than panic sellers.

This is simply not true.

 

But it is. And the rest of the post you are just agreeing with him.

 

It is not true that the items in question "had no reason to crash"(this was Sly's assertion), I explained as to why in my previous post. I also disagree with his assertion that the panic sellers are the sole/original cause of items crashing(panic selling contributes, but usually is rooted in some update), and I also disagree that panic selling is irrational(he sort-of called panic sellers "idiots").

 

The only reason they crashed was EOC, and the Obby armor BTS didn't make it go down as much to make it a reason for the crash. Panic sellers are the reason why it crashed so hard, along with people quitting/selling the gold. And these same panic sellers are the ones who panic bought right after the news post today. So yes, they are idiots. They cause everyone to lose money because everyone else was selling. It's the same principle behind a bank run. No reason to sell, because the armor is still the best in the game.

 

The armor never needed to go down like some people were saying. It didn't go down because there are cheaper alternatives, because as an owner of this armor I wouldn't ever want to switch to a cheaper alternative. It went down so fast so quickly because of panic selling and people selling because they were quitting and selling the gold.

"Needed" is not the right word. Quantity demanded is. Unless the bosses were suitably difficult to require those armors or make your kills faster, neither of which is currently the case post EoC, they were going to fall. Everyone undercutting everyone was bound to happen, which causes instability, but the biggest problem with this joke of a blog post is that he has no other choice but to blame it all on the users, rather than the fact that the EoC has left no high end difficulty in which those armors would be necessary for success or a competitive edge.

 

Because, you know, eoc was ready and tiering and monsters those things were obtained from were balanced.

But the crash started before that, it started when EoC came, same as it did for host of other high end gear such as Galcor boots which had no reasons to crash other than panic sellers.

This is simply not true.

 

But it is. And the rest of the post you are just agreeing with him.

 

It is not true that the items in question "had no reason to crash"(this was Sly's assertion), I explained as to why in my previous post. I also disagree with his assertion that the panic sellers are the sole/original cause of items crashing(panic selling contributes, but usually is rooted in some update), and I also disagree that panic selling is irrational(he sort-of called panic sellers "idiots").

 

The only reason they crashed was EOC, and the Obby armor BTS didn't make it go down as much to make it a reason for the crash. Panic sellers are the reason why it crashed so hard, along with people quitting/selling the gold. And these same panic sellers are the ones who panic bought right after the news post today. So yes, they are idiots. They cause everyone to lose money because everyone else was selling. It's the same principle behind a bank run. No reason to sell, because the armor is still the best in the game.

 

The armor never needed to go down like some people were saying. It didn't go down because there are cheaper alternatives, because as an owner of this armor I wouldn't ever want to switch to a cheaper alternative. It went down so fast so quickly because of panic selling and people selling because they were quitting and selling the gold.

 

What's the difference between panic sellers and people selling to buy back cheaper later? Nothing, besides one being motivated to sell by emotion and one is motivated to sell by experience. Even if literally 0 players panic sold the price would still go down because people expect it to. It is not stupidity but simply people trying to make informed decisions.

This is obscured. Throughout Runescape's history items have dropped to useless items. Look at the release of Runespan, many people felt that Runespan has devalued Runecrafting. Once again, updates like Eoc and PoP has made something feel useless and crash. This type of process has been going through Runescape for ages, and is something that can not be avoid when adding new updates to the game.

 

PoP released us some new high-level gear that is comparable to Torva. There is no way that both PoP Armour and Nex Armour will both be high wealth. Making one armour better than the other, will force the other one to crash. So, when Nex Set Effects are added, PoP will be considered weak compared to Nex, making a crash. But what if, they were semi-comparable to each other making it decent for one to use either one and get roughly the same xp/rate? In the rare case this happens, then both will maintain a High Value, probably not as high as people would like though. I know that if both are the same, I would not even bother to have both sets, so once again, one armor set will rise above another and force another to crash.

 

I personally believe that having two high-level armour sets will be difficult to have both maintain a decent price. In the end, making one better than the other high-level armour will just force a crash on another item, resulting in mad players. This type of conflict is the current ongoing problem for runescape.