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Has the GTN tanked?


asbalana's Avatar


asbalana
02.23.2013 , 10:11 PM | #1
I have been crafting since day one and mostly made money through selling mats. i've seen prices and suppy yoyo up and down over time. Typically, on a down cycle I stock up and on an up cycle sell, sell, sell. There are a number of mats that have always sold well and traded at a good price range.

But it seems that over the last few days prices have dropped throught the floor, supplies are increasng and nothing much is selling. This seems to be over all levels and not just the top tier that has been impacted by 2.0.

As they say, I am getting a bad feeling about what is happening. Does anyone else feel the same or is it just me reacting to yet another down cycle.

Jamus_Divinus's Avatar


Jamus_Divinus
02.24.2013 , 03:09 AM | #2
Details about the new crafting items/mats (Patch 2.0 on the test server atm) informed us all that our current materials will be nigh worthless once the patch is released. Demand disappeared and supply increased as many are trying to offload their stock asap.

Absolutely nothing to worry about. Your business will pick up once the new patch is live and you adapt to the new items we can craft/sell.
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asbalana's Avatar


asbalana
02.24.2013 , 10:36 AM | #3
Quote: Originally Posted by Jamus_Divinus View Post
Details about the new crafting items/mats (Patch 2.0 on the test server atm) informed us all that our current materials will be nigh worthless once the patch is released. Demand disappeared and supply increased as many are trying to offload their stock asap.

Absolutely nothing to worry about. Your business will pick up once the new patch is live and you adapt to the new items we can craft/sell.
Much true. I fully expected to see the price of the highest level mats and armorings drop like a stone and they did.

On the other hand, lower to mid level mats and armoring have also fallen and they should not be directly effected by the "?expansion". The needs of leveling characters have not and probably will not change. For example, my wife has always generated credits by selling low level orange shells. Suddenly they are coming back as unsold. Mats used to make low to mid level mods and armorings have always sold and now the price has dropped while the number of pages of listings have increased. A level 39 JK will l need the same "stuff" before and after 2.0.

Perhaps with the repair fiasco and the 2.0 announcement, people have changed their buying habits and are sitting on their credits. I know that I have a ton of credits but am not buying anything on the GTN because I have no confidence that I can replace those spent with new earnings.

Could be a lot of things. As I said, I do have a bad feeling about what is going on and it will be interesting to see what happens over the next few months. I do think if the GTN has tanked and the economy is hurting and that drops the revenue of CM sales (conversion of cash into credits) EA will try to do something quickly. That will also be interesting.

Knockerz's Avatar


Knockerz
02.24.2013 , 11:03 AM | #4
Quote: Originally Posted by Jamus_Divinus View Post
Details about the new crafting items/mats (Patch 2.0 on the test server atm) informed us all that our current materials will be nigh worthless once the patch is released. Demand disappeared and supply increased as many are trying to offload their stock asap.

Absolutely nothing to worry about. Your business will pick up once the new patch is live and you adapt to the new items we can craft/sell.
Pretty much this. You can think of this as an in game recession. People don't buy in anticipation of the new patch. I still sell items, but demand is lower.
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Skodan's Avatar


Skodan
02.24.2013 , 11:04 AM | #5
im also thinking that many things arent selling at the moment due to a lot of people focusing on doing the gree rep stuff while it is here for the limited time, so im hoping that once the event ends things will stabilize a bit more.

though the patch notes could be a little of the causes
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NLxAROSA's Avatar


NLxAROSA
02.25.2013 , 04:17 PM | #6
The GTN hasn't tanked, at least not for me. Purple material prices were pretty high the past few days, but today they suddenly dropped, so I acquired a boatload of them for a very cheap price per item. Pretty soon after prices went back up to normal. Fortunately, the things I craft are also expensive right now, so there's good profit to be made and at a nice discount too, so turnover rate is high.

Too bad I had to blow all the credits on MK-6 augment kits, Augment 22's and fitting them all in my gear.

Sarlegant's Avatar


Sarlegant
02.25.2013 , 06:16 PM | #7
The ole buy Cartel Market items and resale on the GTN trick... yes EA may take notice, when people quit buying Cartel Items, to do this GTN transfers of credits trick.

Buying and selling anything on the GTN is simply transfering existing credits between accounts, with a small transaction fee per sale. The GTN, is a credit sink.

Recently, repair costs spiked... a serious credit sink.

New credits are introduced, from killing and looting mobs, quest rewards, sliced credit boxes... space missions...

The Gree Event, is a credit sink... if you're doing the Gree, then you're not doing dailies.

Crafting in general, is a credit sink. Wealth created via crafting is just a transfer of existing credits. Player A becomes wealthier, at the expense of Player B. Player B, has new gear, etc, but because it binds, it becomes non-transferable... the lifespan of some items can be prolonged, but eventually it's a loss.

2.0 is simply changing the trends of the GTN... item A loses value, item Z which is yet to be introduced increases in value.

The GTN is gonna tank... it's gonna trend down. My goofy opinion is, thats a good thing... when items sell for less, the transaction fee is lower, ie more real credits remain in the server economy.

F2P brings alot of new questers to the game... lower level questing, produces lower level loot, which can buy and spend on a depressed GTN.

The game doesn't need new millionaires... it needs a larger middle class.

AshlaBoga's Avatar


AshlaBoga
02.25.2013 , 06:26 PM | #8
Quote: Originally Posted by Jamus_Divinus View Post
Details about the new crafting items/mats (Patch 2.0 on the test server atm) informed us all that our current materials will be nigh worthless once the patch is released. Demand disappeared and supply increased as many are trying to offload their stock asap.

Absolutely nothing to worry about. Your business will pick up once the new patch is live and you adapt to the new items we can craft/sell.
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Khevar's Avatar


Khevar
02.25.2013 , 07:34 PM | #9
Quote: Originally Posted by Jamus_Divinus View Post
Details about the new crafting items/mats (Patch 2.0 on the test server atm) informed us all that our current materials will be nigh worthless once the patch is released. Demand disappeared and supply increased as many are trying to offload their stock asap.

Absolutely nothing to worry about. Your business will pick up once the new patch is live and you adapt to the new items we can craft/sell.
100% this.

But it's the nature of the market. All of my Grade 27 stuff has now dropped like a stone, which is to be expected. On the plus side, molecs have similarly dropped so I can at least still craft for a profit, even it's meager (by comparison).

ZeroOneNine's Avatar


ZeroOneNine
02.25.2013 , 08:01 PM | #10
Now that 2.0 has shown us that Black-Hole and Dread Guard gear is pretty much worthless, the value of mats required to make high level stuff has taken a pretty big hit... expect prices to get lower as more people try to get their credits while they still can.