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Oh noes - I borked the economyFollow

#1 Sep 25 2009 at 1:26 AM Rating: Good
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Well maybe it wasn't all me, but after my DK pinged 450 on alchemy I turned into a crazy flask producing nut house. Buying up every piece of frost lotus that came on the AH under 30g, now you can't buy frost lotus for less than 55g, lichbloom has gone through the roof, as has goldclover.

Teh bottom has fallen out of teh market Smiley: schooled

Time to find another economic avenue to destroy Smiley: sly

I did make 5k in a week though, oops.

Edited, Sep 25th 2009 9:27am by Goggy
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#2 Sep 25 2009 at 2:21 AM Rating: Good
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lemme just whip this out....

sorry. i blame your avvy.
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#3 Oct 13 2009 at 10:25 AM Rating: Decent
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When my server came online last year, a guy was bet (from another server) that he could not make 100k gold in a certain amount of time. He transferred his 80 druid and in short order had the inscription market owned completely by himself and by june (I believe) had transferred back to his normal server. He completely ruined the economy of inscriptions and herbs and there was a trickle down effect to most other products as well. We are basically still recovering from it.
#4 Oct 13 2009 at 3:05 PM Rating: Decent
Someone bought out all the spellweave on our AH a couple days ago, and I was able to put mine up for 150g a piece. =x Although that was cheaper than the other guy, who put his up for 175. Total rip off, but someone bought them in just a couple of hours.
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#5 Oct 13 2009 at 8:01 PM Rating: Decent
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Goggy wrote:
Well maybe it wasn't all me, but after my DK pinged 450 on alchemy I turned into a crazy flask producing nut house. Buying up every piece of frost lotus that came on the AH under 30g, now you can't buy frost lotus for less than 55g, lichbloom has gone through the roof, as has goldclover.

Teh bottom has fallen out of teh market Smiley: schooled

Time to find another economic avenue to destroy Smiley: sly

I did make 5k in a week though, oops.


Frost Lotus sell for more than flasks on my server.

Hate this crappy economy.
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#6 Oct 13 2009 at 8:59 PM Rating: Decent
Mazra wrote:
Goggy wrote:
Well maybe it wasn't all me, but after my DK pinged 450 on alchemy I turned into a crazy flask producing nut house. Buying up every piece of frost lotus that came on the AH under 30g, now you can't buy frost lotus for less than 55g, lichbloom has gone through the roof, as has goldclover.

Teh bottom has fallen out of teh market Smiley: schooled

Time to find another economic avenue to destroy Smiley: sly

I did make 5k in a week though, oops.


Frost Lotus sell for more than flasks on my server.

Hate this crappy economy.


Yup, same here. Good thing I was planning on making my druid a transmute whore.
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#7 Oct 14 2009 at 1:41 PM Rating: Excellent
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Mazra wrote:
Goggy wrote:
Well maybe it wasn't all me, but after my DK pinged 450 on alchemy I turned into a crazy flask producing nut house. Buying up every piece of frost lotus that came on the AH under 30g, now you can't buy frost lotus for less than 55g, lichbloom has gone through the roof, as has goldclover.

Teh bottom has fallen out of teh market Smiley: schooled

Time to find another economic avenue to destroy Smiley: sly

I did make 5k in a week though, oops.


Frost Lotus sell for more than flasks on my server.

Hate this crappy economy.


1 frost lotus makes 2 flasks though, plus with elixir spec you have a chance to proc extra flasks


My server (typical prices for making spellpower flasks)

lichbloom x 20 - 21g
ice thorn x 20 - 18g
frost lotus x 4 - 132g

Makes 8 flasks - total cost = 171g
Sell flasks at 25g per = 200g - 5% = 190g

So it's a thin profit margin at times, but generally those procs become the true money makers. It seems to me about a 15-20% chance to proc an extra flask. I admit if it weren't for the elixir spec, the profit margin is so slim I wouldn't bother.



edit- forgot price of vials. My strat with flask spam on the AH is just buy mats and sell high enough to break even. And all the procs are pure profit (minus 5% AH fee). They sell quickly. I also try to wait for deals on herbs and buy in bulk those days. So I make a little more profit then I mentioned above, also other days I can sell for 29g, etc.. just depends on market cycles.

Edited, Oct 14th 2009 3:45pm by mikelolol
#8 Oct 14 2009 at 9:28 PM Rating: Default
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LOL, normally that's cause for a rate down, but you actually made mad money selling the finished products of a trade skill and not the raw mats - GRATZ!!!!!!!!!!!!!

(now please do that on my server as I've got far more goldclover then money right now) ;-)
#9 Oct 14 2009 at 10:04 PM Rating: Decent
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Elixir of Mighty Fortitude :P


(or Agility...or level a scribe and mill the cheapest Northrend herbs ^^)
#10 Oct 15 2009 at 6:32 AM Rating: Default
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Personally mine, and flood the market @ 65% PCT with Cobalt Ore all at once. Normally, the good 40+ stacks would be bought out between a few people, taking advantage of teh cheap price simply to resell, and the rest simply buying my Ores over others for their price.

Experimented with both the Ore/Bar market, and the Cloth market, and found the Ore/Bar market a **** of a lot more playable. But ofc, that's server dependant. And from buying and reselling epics, I'm starting to net in a lot larger profit than I was previously. Albeit the additional effort of putting in the time to actually farm the ores is rather time consuming, the pay off is more than worth it. : )

rusttle wrote:
LOL, normally that's cause for a rate down..

And if that isn't an abuse of the privilege, I wouldn't know what is.

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#11 Oct 15 2009 at 2:13 PM Rating: Decent
Meh, there's a lot of people who don't like it when others brag about breaking their economy. I can understand it, but I personally don't really care. I think a lot of people here rate others down for stupid **** but the karma system is working as intendedTM.
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#12 Oct 15 2009 at 4:39 PM Rating: Decent
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no sure about ruining the economy, but i am SO sick of the A-holes that post 75+ auctions of 1 peice of cloth/ore/bar/herb/dust/essence.

there are a few peeps on my server that love to do this. you end up going through 10 AH pages of stupid **** just to get to a stack of 20 at a almost reasonable price. my only guess is they are trying to F with Auction add ons, but really......i just want a 20 stack of X....and not have to page through 100 pages of singles listed at 15times the price they should be listed at.
#13 Oct 15 2009 at 5:16 PM Rating: Decent
I totally agree with you on cloth, herbs and ore. But with enchanting mats it does make a little bit of sense considering the odd amounts of mats needed for a lot of enchants. I keep my mats to 2 or 5 per stack at least, to make it slightly less annoying.
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#14 Oct 15 2009 at 8:08 PM Rating: Decent
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PigtailsOfDoom the Eccentric wrote:
I totally agree with you on cloth, herbs and ore. But with enchanting mats it does make a little bit of sense considering the odd amounts of mats needed for a lot of enchants. I keep my mats to 2 or 5 per stack at least, to make it slightly less annoying.


As an enchanter I tend to list mats at what is required for the enchants people commonly get. So for instance if an enchant cost 6 essence I will break my stacks into groups of 6. For dust I normally list at stacks of 20 since almost all enchants will take at least that.
#15 Oct 20 2009 at 6:31 AM Rating: Good
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To Holyownage, what are you selling your saronite at? For my server people just list it on AH for 13g, which Im not 100% sure breaks you even from just taking a couple stacks, making bars and selling to vendor for 25g...

I am mining/JC right now and looking to make some my gold back after buying epic flying for my DK alt.
#16 Oct 20 2009 at 6:57 AM Rating: Good
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PigtailsOfDoom the Eccentric wrote:
Someone bought out all the spellweave on our AH a couple days ago, and I was able to put mine up for 150g a piece. =x Although that was cheaper than the other guy, who put his up for 175. Total rip off, but someone bought them in just a couple of hours.


I sold my Spellweave(10) for 450 each :D yay new patterns!

Yosalt wrote:
no sure about ruining the economy, but i am SO sick of the A-holes that post 75+ auctions of 1 peice of cloth/ore/bar/herb/dust/essence.

there are a few peeps on my server that love to do this. you end up going through 10 AH pages of stupid **** just to get to a stack of 20 at a almost reasonable price. my only guess is they are trying to F with Auction add ons, but really......i just want a 20 stack of X....and not have to page through 100 pages of singles listed at 15times the price they should be listed at.


AuctionLite is your friend. Auto sorts it by the cheapest listed. If the cheapest are 50 stacks of 1.. just shift click and voila. Buy them all at once.

Easy stuff.
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#17 Nov 01 2009 at 6:06 AM Rating: Decent
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Yosalt wrote:
no sure about ruining the economy, but i am SO sick of the A-holes that post 75+ auctions of 1 peice of cloth/ore/bar/herb/dust/essence.

there are a few peeps on my server that love to do this. you end up going through 10 AH pages of stupid **** just to get to a stack of 20 at a almost reasonable price. my only guess is they are trying to F with Auction add ons, but really......i just want a 20 stack of X....and not have to page through 100 pages of singles listed at 15times the price they should be listed at.


Get Auctioneer or some other AH addon. At least with Auctioneer you can sort it after cheapest buyout price and you can choose cheapest item price as well as stack prize.

Edit: Sarion beat me to it, sorry.

Edited, Nov 1st 2009 1:12pm by Mazra
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#18 Nov 06 2009 at 8:14 PM Rating: Decent
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Well, I just spent 1500g on Frost Lotuses and Lichbloom/Icethorn from the AH. Frost Lotus minimum price is up to 40g now and I made a total of 12 extra flasks thanks to the expert thingy.

Now I've got flasks for an entire month in my bag and I'm excited to see what will happen to flask prices when Frost Lotus prices have gone up 30% *snicker*
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#19 Nov 09 2009 at 10:59 PM Rating: Decent
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To Holyownage, what are you selling your saronite at? For my server people just list it on AH for 13g, which Im not 100% sure breaks you even from just taking a couple stacks, making bars and selling to vendor for 25g...


Saronite is f-d on my server too - I'm this close to just turning it into bars and vendoring it (or turning it into gems on my JC toon) as the bars are barely clearing 26g a stack and ore is at around 12 bid/14 buy. Ah takes, what, a 5% cut so those people are only just making over vendor cost assuming they make the sale on first posting, otherwise, they're taking a loss.

Rate up for pointing this out though as I was this closing to dumping a full mining bag on the AH and probably would have taken a loss - now I'll start farming the AH for under vendor cost ore and just recycle it.
#20 Nov 10 2009 at 4:59 AM Rating: Decent
What I tend to do nowadays for mining is to mine cobalt. Saronite may or may not be over 20 gold a stack on my server, but cobalt tends to sell for around 30 gold a stack. If I want ore to prospect, I can sell two stacks of cobalt, buy three stacks of saronite and tap that ore for its goodies.
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#21 Nov 10 2009 at 9:24 PM Rating: Default
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What I tend to do nowadays for mining is to mine cobalt. Saronite may or may not be over 20 gold a stack on my server, but cobalt tends to sell for around 30 gold a stack. If I want ore to prospect, I can sell two stacks of cobalt, buy three stacks of saronite and tap that ore for its goodies.


I'm going to scream if this is the case on my server too - hold on a sec...
.
.
.
/SCREAM!!!!!!!!!!!!!!!!!!

@#$% cobalt is going for @#$% 2g for a small handful and 3g+ for the rest.

/sigh

So what's the best zone for cobalt pharming. :```(
#22 Jan 04 2010 at 6:26 AM Rating: Decent
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Made a character on alliance, a priest, leveled her 20, and proceed to lap thunderbluff mining copper for 4 days.

I own the copper ore market, which is surprisingly lucrative!
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#23 Jan 04 2010 at 8:39 AM Rating: Decent
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I just made that post about Small Eggs, lol. I own that market, selling a decent number of stacks a day for 16-18 Gold. And getting a stack is so fast, and it produces Light Leather (5-6G/stack) as well.

Why in the world do people have trouble making money in this game? I'm not even the type that has ever had a 5 digit value for Gold. But c'mon...
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#24 Jan 06 2010 at 6:15 AM Rating: Decent
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Light leather sells?
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#25 Jan 06 2010 at 9:17 AM Rating: Decent
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It does. Not super fast and kinda slowly, but it does. And since I'm killing the mobs anyway...
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#26 Jan 06 2010 at 12:49 PM Rating: Decent
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Mithril and thorium bars (bars > ores) seem to be fairly steady sellers on my server. My highest characters are 61, so I can't really comment on end-game ores/bars.
#27 Jan 06 2010 at 6:04 PM Rating: Decent
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I used to skin and sell the leathers and armor kits, but that market has mostly died off. Even the two new drums that anyone can use are poor sellers.

I now have all my alts mine and herb - all levels of all the herbs and ores/bars sell extremely well. Plus mining nets some gems which tend to sell well also. It's rare that any are returned from the AH.

And yes, some of the lower level ores sell better than the higher levels - this is due, I think, to the intensive spots of leveling a BS and perhaps JC (not sure as I have yet to do that profession). I've found that Iron, Mithril and Thorium bars sell for the most until Titansteel, however I never run past a node if I have time as even the lowly copper sells quick and for good profit as we stated earlier. Truesilver sells nicely too, but is harder to farm due to rarity of nodes compared to others.

Some of the lower level herbs can sell for a lot more than the mid-level herbs as well. Haven't hit the top end of herbalism just yet - close though.

I found it more practical to just take which nodes you get without trying to focus on a certain ore/herb (unless you really need a certain one) and just sell them as they all go. I try to group 20 per stack but they all sell no matter the stack size.

Titansteel is limited via cooldown but the nodes are so rare/over-farmed that I'm glad if I get the minimum (6 titanium ores) I need to make my 1-bar a day. But the price of these have dropped from 200-250g to 100-150g of late.

My alts pay their own way while still helping to fill the coffers (coin and mats) of the main, who is now a dual crafter.
#28 Jan 06 2010 at 11:41 PM Rating: Default
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Believe it or not the herb bags that you make with Sporigar rep are pretty decent sellers, although after selling 1-3 a day for nearly two months I think every herbalist on my server now has one made by me as I'm lucky to sell that many per week now. Still, at 300-350 each, can't complain.
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