Well, just throwing in an idea here:

 

 

 

 

 

 

 

Everyone(hyperbole) is talking about this theoretical blood altar, due in the near future, possibly this week. I'd like to point out that this will have some economic ramifications: It will drive essence prices up. Which, in turn, will drive rune prices up; which mill mostly kill the fletch-and-high-alch business.

 

 

 

It would be interesting to see chaos's go up in price.... which could possibly affect the price of furies(since chaoses are the main source of them, if chaos prices go up, people will sell their runes rather than cash 'em in at tzhaar).

 

 

 

That, or blood prices will go down. But probably the former.

 

 

 

 

 

 

 

So, if the former does occur; which it should; then wouldn't it be a great idea to invest a lot of cash into pure ess*.

 

 

 

 

 

 

 

Yeah, just throwin' in some ideas over here. If you agree, post and comment; if you disagree, still post and comment.

 

 

 

 

 

 

 

*-which will drive the prices even higher... mwahahaha!

 

 

 

 

 

 

 

note: matziv means situation

That's actually a very interesting theory, I haven't thought of that. If what you say becomes true...There goes whatever chance I have of getting a Fury. o_o

That is an interesting thought :) . Not so sure about the rune prices though. I dont think prices will go up, I think they will go down.

I just assumed a blood altar would drive down blood rune prices, not really have an impact on any others.

I just assumed a blood altar would drive down blood rune prices, not really have an impact on any others.

 

 

 

 

 

 

 

Just because supply increases, doesn't mean prices go down. Think about it: with a blood altar, demand will skyrocket; the easier things are to get, the more we want 'em. If demand skyrockets, that means, either:prices go up, OR prices stray the same. Too many buyers for them to go down. Or, we could all luck out and prices will drop. (If you noticed, this post is on the assumption that prices will rise.)

 

 

 

Back to what I was saying... If the demand goes up, then people will want to make more, right? More opportunities for cash, eh? To make more, you need more essence. So then the essence market will change, which affects all other member's craftable runes, which would probably raise the price on normal ess (which it seems has dropped to 20 ea for the time being. yay!), just because the market is expensive-itizing.....er...ness.. :anxious: ..z0rz.

 

 

 

 

 

 

 

Please correct me if anything said in this post/thread is horrifcly wrong/stupid.

I think your on to something, saying that the Pure Essence might go up. However if the Blood Altar does not come out, your plan not only fails, but might make you end up losing money.

 

 

 

 

 

 

 

I think the Blood Altar is not the reward, so I think it would not be a good idea to invest, but I could be wrong. It will be interesting to see the outcome.

dont think anyone's ever bothered to think maybe about new runes or just about getting exp from new quest thingy. ok maybe they have but i haven't seen it on forums

Prices of pure ess goes up ---> more people start mining it --> price goes back to more or less what it was (with a dramatic increase in quantity supplied)

 

 

 

 

 

 

 

It's a good thing. Think of it this way: there are tons of people who can mine rune ess but don't bother doing it because they have other systems, but if rune ess goes up, a lot of these people will find it easier to mine rune ess to make cash and thus will start to mine it if the price goes up

 

 

 

 

 

 

 

Just because supply increases, doesn't mean prices go down.

 

 

 

 

 

 

 

By definition it will, more will be supplied at every price. The question is, will the % change in quantity supplied be greater or less than the % change in price (aka elasticity of demand). Bloods are demanded as they have many uses and no close substitues, so if the price rises by say 20%, the demand will probably fall by something less than 20% since most people will still buy bloods. Get the idea? If it's unclear at this point I'll try and give a better explanation. Now when the price goes down, the consumers will benifit since they now have to pay a lot less, and the demand will not raise by more than the fall in price.

 

 

 

 

 

 

 

This could be also said for pure ess but the difference is that the blood crafters are far more limited

yeah, but when ess prices go up, they stay up for a while (to my knowledge). Tell me if I'm wrong, but I believe normal ess has been at 30ea for maybe 6 months?

 

 

 

 

 

 

 

The crafters would be reluctant on lowering the blood prices, though. They went in expecting to sell at *insert amount here* each, and that's what they'll stay with. They have all the time in the world to sell, so they can keep prices as firm as possible.

 

 

 

 

 

 

 

Not only that, but blood prices don't even have an effect.. The whole thing is about the ess, which should stay up for a while.

If they do release the Blood Altar, it's gonna be a really high level runecrafting level though, at least level 75 I'd expect.

 

 

 

 

 

 

 

This will restrict the number of people who are able to access the altar and therefore, the impact on runeessence prices... I'm not worried

^it would be 77^

 

 

 

 

 

 

 

And yes that is interesting, natures might go up a bit, but probably like 10-20 more max.

I like to see people using their brains to come up with some interesting ideas, unfortunately upon creating this one i think you didn't think about a number of other factors.

 

 

 

 

 

 

 

The only clear thing i can see happening nothing much at all, blood rune prices may fall say 50gp or so. High lvl runecrafters are limited to crafting what their runners desire, and runners desire x2 natures.

 

 

 

 

 

 

 

Nats: (300gp x2) = 600gp per essence

 

 

 

 

 

 

 

Bloods: 500-550gp per essence

 

 

 

 

 

 

 

But as with everything, only time will tell

lets just be thankful we don't have blood rune prices of rsc :mrgreen:

It will drive essence prices up. Which, in turn, will drive rune prices over here. If you agree, post and comment; if you disagree, still post and comment.

I disagree. You must remember that if blood rune does require 77 to rc it, less than 5k players are able to rc bloods then.. Not that a big impact to raise pure ess? At most you see more people selling it for 115/120 each in very large bulks

Nice to see someone looking at other possible impacts other than the price of blood runes going down. Here are my thoughts for what they're worth :wink:

 

 

 

 

 

 

 

Level to craft blood runes = 77. This is already set and a message is displayed on level up to say that members can now craft blood runes. There are currently less than 5,000 players who have the necessary level requirement to craft bloods. Additionally, there are 850 players who are lvl 91+, it's fair to assume that those people will continue to craft double nats since even on current prices it's more worthwhile (550ea blood, 300-330ea nat x 2 = 600-660 per ess).

 

 

 

 

 

 

 

Therefore the number of people who will potentially decide to craft bloods is circa 4,000. A further consideration is novelty value - runecrafters of level 91+ will probably choose to craft some bloods simply because they can. Others within this bracket may choose to craft because the xp is likely to be greater (if Jagex follow the existing format xp per blood should be 10.5xp per ess crafted). With all of that said, it is still unquestionable that supply of bloods will go up, ergo, price will drop. However, as the price drops it is likely that player demand will begin to go up, since the ancient mage spells requiring bloods are good xp as well as effective spells in pvp.

 

 

 

 

 

 

 

Personally, I expect the price of bloods to settle at around 400-450ea, the higher price (comparative to nats and laws) is reflective of the limited number of players who can craft.

 

 

 

 

 

 

 

Back to the topic of pure ess prices... Will the demand go up? Well, maybe. Though perhaps not for the reason that the author suggests. A lot of high level runecrafters already buy stacks of ess, sure there might be a short-term surge in demand from those who are level 77+ and want to cash in on crafting bloods, but again, the number of people of this level is relatively small (comparative to player base and available supply of pure ess). What may impact the price more, is the players who are below level 77 - of which there are significantly more! The ability to craft bloods may be a decent incentive for these players to increase their runecrafting level, which in turn has the potential to impact demand for pure ess to a much greater extent.

 

 

 

 

 

 

 

Obviously though, as a previous poster has suggested, should the price of pure ess go too high, people will see mining their own as a viable alternative (I however, will not be one of them!!).

 

 

 

 

 

 

 

All of this is clearly speculative and based around the 'possibility' that Jagex will finally release the blood altar!

crafting bloods will prolly be so difficult, that prices won't get affected due to the ammount of time its going to take...

 

 

 

 

 

 

 

Also, is there a blood spot in the abyss?

crafting bloods will prolly be so difficult, that prices won't get affected due to the ammount of time its going to take...

 

 

 

 

 

 

 

Also, is there a blood spot in the abyss?

Yes there is.. In between fire and cosmic rifts...

 

crafting bloods will prolly be so difficult, that prices won't get affected due to the ammount of time its going to take...

 

 

 

 

 

 

 

Also, is there a blood spot in the abyss?

Yes there is.. In between fire and cosmic rifts...

 

 

 

 

 

 

 

As Freesia said, there is a blood spot in the abyss, which means that crafting bloods will be no more difficult than crafting nats...

I should simply imagine blood runes will decrease in price. There is not a massive demand for blood runes as it is, they only being used for higher level spells. We have seen, in recent times, blood runes decrese from 600 ea to 500-550 ea. I have even seen people selling them for 490 ea. Demand for the blood runes is unlikley to increase, unless a new spell that uses them and is very popular comes out with the update. All that is happening is increased supply. Maybe for the first week p ess prices will rise a little, as rcers rush to try out this new rune to see if they can make a better profit from it, but in the long term I see the ess remaining roughly the same, and the runes decreasing in price.

 

 

 

 

 

 

 

The greatest example of this is the introduction of the death altar, which decreased death prices slightly. I expect to see a bigger change in blood runes as they, unlike deaths, cannot be sold at the thazzar shop to buy furies. Also bloods have a more limited use for high level mages only - you only really start chewing up bloods once you get past lvl 80 mage.

I've been a nat crafter for quite some time now and let me tell you for a fact rune prices will not go up, in fact blood runes will drop below 400ea is my estimation. I'm not exactly sure about pure essence, but I bet it will go up for about a week and then drop back down to it's original price when blood crafters see that they're not making enough money and stop buying ess. Then the miners will catch up to them and pure ess will return to its normal steady price of 100-115ea.

First of all nice topic :)

 

 

 

 

 

 

 

I believe that bloods will fall and pure ess will go up for about a month then it all goes back to normal :ohnoes:

 

I just assumed a blood altar would drive down blood rune prices, not really have an impact on any others.

 

 

 

 

 

 

 

Just because supply increases, doesn't mean prices go down. Think about it: with a blood altar, demand will skyrocket; the easier things are to get, the more we want 'em. If demand skyrockets, that means, either:prices go up, OR prices stray the same. Too many buyers for them to go down. Or, we could all luck out and prices will drop. (If you noticed, this post is on the assumption that prices will rise.)

 

 

 

Back to what I was saying... If the demand goes up, then people will want to make more, right? More opportunities for cash, eh? To make more, you need more essence. So then the essence market will change, which affects all other member's craftable runes, which would probably raise the price on normal ess (which it seems has dropped to 20 ea for the time being. yay!), just because the market is expensive-itizing.....er...ness.. :anxious: ..z0rz.

 

 

 

 

 

 

 

Please correct me if anything said in this post/thread is horrifcly wrong/stupid.

Demand isnt going to go up because there is more..I dont know why you would think that. Demand would stay the same and supply would increase. Therefore, prices would drop. Sorry but to think that demand would increase because supply increases goes against basic economic principles to my knowledge...

What most people seem to forget (as I havnt seen anyone mention it here yet), is that the demand for rune essense will not only increase because people with 77+ runecraft will try to make their profit when the altar is released, but also (and I believe the impact will be about as big) because of the people that will want to achieve 77 runecraft once Bloodcrafting is released.

 

 

 

 

 

 

 

To add to that, I highly doubt Bloodcrafting will be released. The way BTS mentioned the runecrafting rewards, made me think of the construction update (which was like: we will release chairs you can actually sit on). Im not saying we will get a new skill, but summoning (as a part of magic) sounds very much possible to me, we've been waiting for ages now :-k

To add to that, I highly doubt Bloodcrafting will be released. The way BTS mentioned the runecrafting rewards, made me think of the construction update (which was like: we will release chairs you can actually sit on). Im not saying we will get a new skill, but summoning (as a part of magic) sounds very much possible to me, we've been waiting for ages now :-k

 

 

 

 

 

 

 

blood crafting and soul crafting will be released at some point in time because in the abyss there is already portals to go to those alters, they are just not active. but I doubt it will drive up pure essence prices much because even though people use quite a few bloods, the market isnt nearly as big as say, natures. also, the alchers as a group will probably not buy natures at prices much higher then now because they are barely breaking even as it is.

Ah yes, I knew I did something wrong there, I meant to say that I doubt it will be released right now #-o

 

 

 

 

 

 

 

Of course itll be released at some point in the future, Im guessing the second half of this year. I just don't believe the current runecrafting update will be Bloodcrafting

 

 

 

 

 

 

 

Thanks for pointing out my mistake :thumbsup: