market manipulation through patches

#1 - June 11, 2013, 1:36 p.m.
Blizzard Post

once again ANet changed something fundamentally and an item lost over 50% of it’s value.

how often do we have to expect such radical changes? should we generally cancel all buy orders before patchdays? (I know I will, just to be sure)

ANet once stated they envision the BLTP to simulate a real economy with ups and downs through supply and demand. then they completely change the game every few patches. the crystalline dust had a VERY stable price for the last few months. it was arguably high of course but thats because it’s a rare drop.
now if ANet had intended to drive the price down to 15s, they could’ve doubled the loot chance. over the next few weeks the economy would’ve gradually adjusted as it should be.
making ectos salvagable was a knee-jerk reaction to a stable situation. the incredibly fast drop of the dust prices shows how wrong of a decision this was (at least, if a realistic economy is still their goal).

while me losing some gold due to low buy orders which turned into massively overpriced buy orders was the trigger for writing, I can handle the losses (I now have the 250 I need, even at a higher price), it wasn’t that bad. I’m more concerned about the BLTP in the future.

right now they give players the illusion of a real market and then play god whenever they want to. adjusting drop rates has proven to be a relatively fair and slow process which gives people time to react. a 50% drop within less than 1 hour is not quite enough time to react except of course for a few lucky people (especially those few who knew about the change before the patchnotes were officially out, traces of them can be seen on gw2spidy).

precursors have been relatively stable in the last few weeks. should we expect them to suddenly jump up/down when ANet has another whim like this? how can we ever trust the market as long as they play around so much?

tldr because already two people seemed to have missed the point completely:
prices should change slowly for a healthy economy to be able to exist. changes in supply/demand should come gradually, not within the few minutes it takes for a patch to come into effect. creating new recipes/uses for materials should be VERY carefully thought through instead of dropping the equivalent of a nuke into a stable market to see how it changes.

#39 - June 12, 2013, 4:18 p.m.
Blizzard Post

The general philosophy is that too many large shocks to the market causes people to lose faith in that market and they slowly begin leaving due to the instability. In this case though we’re talking about relatively minor shocks pretty rarely; even that being said these changes are good for the economy overall, so a CBA weights positive.