Partyhats dropping under 1b?

[shortperson]

Why? More money in the economy = inflated prices. Phats rise as do all other items.

agreed as more kids "farm gold" more money is available which means more competition for the same item= more people will pay more money for the item

 

[pu3r neon2]

'all other items' won't rise even if gp is inflated. GP is highly inflated now yet armours/weapons are dropping (more are coming into the game) and edible items such as lobsters and swordfish are significantly lower than what they were five months ago (probably due to bots). The only things that will rise long term are rares. Things such as torva and divines may rise in the short-long term but should eventually drop like other items - dragon claws and DFS for example. All Jagex would need to do is bring out an update which made it easier to kill these monsters/boss's.

I just hope that a small % of the runescape players are gobbling up a large % of the gold which comes into the game daily - through buying it/staking/pking etc.

 

[BARDIA SAEEDI]

honsetly u ask me
i think free trade is gay, jagex just want more money.. fucking ruined the game

wildy is good!

 

[Swin]

Partyhats won't drop for under 1b again.

I can give you my word.

 

[l33tnewbz]

All raw materials that bots collect and boss drops and stuff will drop. This is usually what should happen because the Supple > Demand.

However, phats will increase because of all the gp bots are putting into the game. And it's not like there are anymore new partyhats. The number of partyhats in the game is decreasing.

Inflation makes the phats go UP.

I totally agree with this guy. Massive amounts of raw materials will go down.

 

[Willy1234]

Its not only bots. I never remember PvM being such a massive aspect of the game in 04/05/06/07 as it is now. We have monsters/bosses etc which all drop items worth around and upwards of 1b gp. I know some will say it's just relative to the inflated price of gp but back in the day looting a whip or piece of barrows armour when they were all worth 5m+ (when 5m+ was a great sum of money) was a notable achievement. I don't think 10m back then could equate to 1b now.

you have a point.

 

[Silver haze]

Lol, Gp is very very easy to make now. The mass of bots will decrease the price of rawr materials like runes, ores and wood.
But they will not decrease the price of Rares. As rares are just getting rarer and rarer and gp is just deflating. So NO phats will not drop price.

 

[god of war]

Honestly, when people are paying $1000 real money for one and that is one of the only ways to get one then the price will never fall. More members will be goldfarming, in turn equals more gp in the market thus reducing how much 1gp is worth truly in Runescape. Party hats will remained pinned at max price.

 

[ChuckNorrisProdz]

They may fall, but over time they will only continue to rise.

 

[Determinate]

As long as inflation is up by as much as it is right now, phats will not go below 1b.

 

........

Bot's aren't CREATING money, they are farming items and selling those items. The items that are sold are drove down in price, but technically speaking gold is not CREATED. You get gold created from the old PvP system, GWD etc.

 

[Spyike]

Simple fact as already presented by many in this thread. The easier it is to obtain/move wealth, phats will rise to well beyond the current street price. I've been playing the rare game for many years and flipped all my rares for phats when free trade was released.

 

[rsplayer95]

........

Bot's aren't CREATING money, they are farming items and selling those items. The items that are sold are drove down in price, but technically speaking gold is not CREATED. You get gold created from the old PvP system, GWD etc.

Finally! Someone in this thread who actually understands economics and is not a 13 y/o pretending to understand it.

Gold is created by the following ways:
Selling items to stores
High alchemy
Monster Drops
Quest rewards
Randoms


OnT: Partyhats will not drop below 1B unless some huge deflation of rsgp occurs.

 

[malakadang]

........

Bot's aren't CREATING money, they are farming items and selling those items. The items that are sold are drove down in price, but technically speaking gold is not CREATED. You get gold created from the old PvP system, GWD etc.

This is a very simple way to look at it.
You need to look at the long term effects of gold farming.

I'll touch on it, as I could write an essay.


Lets pretend there is 1000B rsgp in Runescape.

All the prices are priced accordingly everyone is happy.

As you said, the items bots generate get added in and destroyed in the economy, so nothing is done, other than the conveyancing of commodities.

This is where you stop, and I start.

Lets say bots decided to bot 100b worth of rsgp.

They would then exchange their commodities for RSGP, and in turn have 100b rsgp. What has happened, is that RSGP in most cases has essentially been DESTROYED from the economy. If the bots do not pump it back in for recirculation, market shifts occur and they stabilize with the current 900b RSGP.

See where I'm heading?

When you decide to sell your RSGP, or pump it back into the economy,1001B is now circulating through economy (Hi alch, monster drops account for the 1b). So what does this do? Inflate prices as the 1b that is generated, and the 100B that has essentially been created is now being pumped back into the economy.

Thats a very rough overview of what really happens. Want a perfect example?

Free Trade reinstatement, what happened to RSGP prices?

 

[zafire]

does anyone think that partyhats will go back down? i believe they will. i think the huge price right now is just free trade's bump on the economy. what do you think they will finally settle at, if they do?

probably not because the more bots the higher it raises, and then from there the less we have of them the more they raise also....

 

[LaxPlaya123]

People are getting Banned with these in their banks and there is a high deman... they can only go up.

 

[ChrisWarbrick]

Wow people learn the basics of the economics!
Supply (low) - Demand (high) = Price will increase.
Supply (high) - Demand (low) = Price will decrease.

And this is the barebones of the subject, and people wonder how to merchant in rs, those two sentences above, are all you need to know, plus i bet people have bought complicated useless guides as well.

Its simple, the more people that have the money for partyhats (the more demand there is)
With it being a rare, jagex arent just going to put more Phats into rs, so the Price will rise!

I have been your economics tutor for today, thankyou for listening.
chris

 

[Crucifixed]

Here's how it is. Rares skyrocketed because once free trade came out the rich ass players, like chessy, win all day, whatever hoarded the shit out of them. All the rares in the game are controlled by about 1-2% of the players, thus giving them almost complete control over the prices.

Look at Santas, chessy got hacked and hundreds are gone, so people hoard them driving the prices up. Rares aren't even "RARE", they aren't hard to get, just expensive. Why were purples barely 60M in 2008, and being traded for 20M junk + cash? I had over 600M back at that time and nobody wanted rares, divines, nothing expensive, it was junk. I'm sure if you were given 2B to use, you'd buy all the rares you can, thus taking more out of circulation if hoarded, thus driving the prices up. Bots don't affect it, alching doesn't really do shit either, but hoarding and controlling the circulation, why yes, thats the problem.

TL;DR : runescape isn't the stock market, hoarding drove the prices up, not free trade.


Oh also an equation for you. Lets say 100 Santas are in the game at a price of 500k. All 100 santas are bought up by about 5-10 people. No santas in game = those who own them can sell for whatever price they'd like. Rares are basically the same thing. Look at the prices of Santas + Masks recently. Hoarded.

 

[Flight]

Why would they...

There's only a fixed amount in-game.

They'd go up because more people can afford them because of the demand.


Learn economics before making a thread like this.

 

[DrDeath]

They will go up due to the lack of party hats, be destroyed, left on unused accounts, etc.