 Rune Ess Prices Went Down!, Brief Explanation of the Why |
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 Nov 13 2007, 12:03 AM | Post #1 |
 
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Brief Explanation of the Why
By Cafebcs
My friend Ryokobalta asked me:
"Please, cafe, do explain how an increase in demand for ess would decrease the price.
Since as you said, ONLY free to play and members below 30 mining can mine rune ess. Why would a MEMBERS update, or the assist system for that matter, affect regular rune prices?
It's entirely possible that the prices just happened to go down a few gold around that time, but what in the world makes you think that the ZMI altar and assist system would be affecting the price of runes? Especially since the ZMI altar doesn't even affect freebies in the slightest. People craft at the ZMI altar solely for experience, so please explain, 'cause I'm all ears."
* IMAGE DATE: Nov 12, 2007. A guy using green color says «Buy all ess 20 ea.»
* IMAGE DATE: Nov 12, 2007. I bought at 27gp ea for make the trade firm.
* IMAGE DATE: Nov 12, 2007. A guy trying to buy 100k airs at 10gp ea.
I answer:
"All this starts since the release of pure ess. Both members and free players had it at 80gp before the release. Then the pure ess went to 100ea and thats the price until our days. The rune ess, because it got rejected by members, went down from 80 to 60 per piece.
World 16 is famous for its air temple, you can hire a runner paying him 2k and ess back. Jagex made world 16 the official air running world, its f2p. The prices of pure ess went around 110-90ea. Rune ess went down from 60 to 40.
The interesting stuff is that ZMI altar was a member update but affected non members because they stopped going to f2p to hire workers (because members can buy body runes for pay to the banker at ZIM altar and it saves a lot of money). The members sold their rune ess and went back to members. Now there are more rune ess on the market. Prices went down from 40 to 20.
The assist system is the one that made the final shot to non member economy. Now low level players (p2p and f2p) have the ability of craft high level runes and multiple runes. Rune ess on the market is not longer needed (as theory). Pure ess got estabilized at 100 per piece and rune ess went down from 20 to 10.
With the grand exchange is possible to nulify the price of rune ess to be almost free. But it can also keep it firm on 20. We need to look how the system will work.
Check again, rune ess at air temple gives 5xp per ess and worth 20 coins each. Compared with pure ess, you get 5xp also but it worth five times more than the rune ess (100ea)
Runes crafted on death temple gives 10xp and you need pure ess. Air runes gives 5xp and you need rune ess or pure ess. For every death rune crafted you can craft two airs (if you are runecraft 1, at level 77 you can craft 8 airs per ess) to get the same experience.
If with 2 rune ess used on air temple I get the same experience than using 1 pure ess on death temple then I prefer get those 2 rune ess at 40 coins than to get 1 pure ess at 100 coins.
I hope this brief explanation helps to clarify why members updates affected on the market of rune ess at non members."
Cafebcs © 2007. Made at Nov 12, 2007. Backup at TIP.IT
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Post Quoted by: Mysticallity...
I done saying what I needed to say.
This post has been edited by Cafebcs: Nov 21 2007, 07:35 PM
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Nov 13 2007, 01:54 AM | Post #2 |
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Nov 13 2007, 02:01 AM | Post #3 |
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IMAGE DATE: Today. I bought at 27gp ea for make the trade firm.
This post has been edited by Cafebcs: Nov 13 2007, 05:10 AM
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Nov 13 2007, 03:15 AM | Post #4 |
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Nov 13 2007, 04:57 AM | Post #5 |
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IMAGE DATE:Today. A guy trying to buy 100k airs at 10gp ea.
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Nov 13 2007, 06:43 AM | Post #6 |
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Give me a huge price drop on something worthwhile...something like a D Chain from 13M to 2M. Rune ess is just small change in comparison.
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Nov 13 2007, 07:49 AM | Post #7 |
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QUOTE(Cafebcs @ Nov 13 2007, 12:03 AM)
Both members and free players had it at 80gp before the release.
Most people bought it at 30gp, with bulk orders being bought at 50gp maximum. It was never that high.
QUOTE(Cafebcs @ Nov 13 2007, 12:03 AM)
Then the pure ess went to 100ea and thats the price until our days. The rune ess, because it got rejected by members, went down from 80 to 60 per piece.
Once again, rune essence was never that high. It went down to 30gp maximum.
QUOTE(Cafebcs @ Nov 13 2007, 12:03 AM)
World 16 is famous for its air temple, you can hire a runner paying him 2k and ess back. Jagex made world 16 the official air running world, its f2p. The prices of pure ess went around 110-90ea. Rune ess went down from 60 to 40.
That makes no sense. If Jagex promotes a way to make money, then surely the demand for rune essence would rise? This would cause the price to increase, instead of decreasing.
QUOTE(Cafebcs @ Nov 13 2007, 12:03 AM)
The interesting stuff is that ZMI altar was a member update but affected non members because they stopped going to f2p to hire workers (because members can buy body runes for pay to the banker at ZIM altar and it saves a lot of money). The members sold their rune ess and went back to members. Now there are more rune ess on the market. Prices went down from 40 to 20.
Members should never need to use rune essence to obtain body runes. The maximum amount of body runes that can be crafted is 3 from an essence. If you factor in the cost of runners or teleporting, it is much cheaper to buy it from NPC stores.
Rune essence can still be used to craft low levelled runes in high quantities, reliably. Even with the ZMI altar, rune essence is still useful because you can craft multiple air runes. This is useful for people who don't want to click at the shops for body runes, or to buy from other players.
QUOTE(Cafebcs @ Nov 13 2007, 12:03 AM)
The assist system is the one that made the final shot to non member economy. Now low level players (p2p and f2p) have the ability of craft high level runes and multiple runes. Rune ess on the market is not longer needed (as theory). Pure ess got estabilized at 100 per piece and rune ess went down from 20 to 10.
The assist system was limited to prevent people from using the system constantly. Unless you can get a high amount of people and persuade them to stand at the altar for you, you're not going to get much out of the system. To persuade people in the first place, you're going to need incentives, which makes the 'high level runes and multiple runes' part of it worthless, as the cost is likely to be higher than buying it yourself.
Rune essence is still needed to raise runecrafting in F2P.
QUOTE(Cafebcs @ Nov 13 2007, 12:03 AM)
With the grand exchange is possible to nulify the price of rune ess to be almost free. But it can also keep it firm on 20. We need to look how the system will work.
The Grand Exchange only helps people to sell rune essence. This increase businesses, as players can buy and sell easily. I have no idea how you came to the conclusion that the price is going to drop to nothing.
QUOTE(Cafebcs @ Nov 13 2007, 12:03 AM)
Check again, rune ess at air temple gives 5xp per ess and worth 20 coins each. Compared with pure ess, you get 5xp also but it worth five times more than the rune ess (100ea)
Runes crafted on death temple gives 10xp and you need pure ess. Air runes gives 5xp and you need rune ess or pure ess. For every death rune crafted you can craft two airs (if you are runecraft 1, at level 77 you can craft 8 airs per ess) to get the same experience.
If with 2 rune ess used on air temple I get the same experience than using 1 pure ess on death temple then I prefer get those 2 rune ess at 40 coins than to get 1 pure ess at 100 coins.
Runes crafted on death temple gives 10xp and you need pure ess. Air runes gives 5xp and you need rune ess or pure ess. For every death rune crafted you can craft two airs (if you are runecraft 1, at level 77 you can craft 8 airs per ess) to get the same experience.
If with 2 rune ess used on air temple I get the same experience than using 1 pure ess on death temple then I prefer get those 2 rune ess at 40 coins than to get 1 pure ess at 100 coins.
So you're saying it's more economical to buy rune essence. Wouldn't that increase the demand? Wouldn't that increase the price?
QUOTE(Cafebcs @ Nov 13 2007, 12:03 AM)
I hope this brief explanation helps to clarify why members updates affected on the market of rune ess at non members.
Yes, very admirable.
This post has been edited by Mysticallity: Nov 13 2007, 07:51 AM
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Nov 13 2007, 02:18 PM | Post #8 |
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This not intended to be on main page of rw.
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Nov 14 2007, 12:55 AM | Post #9 |
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QUOTE(Cafebcs @ Nov 13 2007, 09:18 AM) [snapback]102618[/snapback]
This not intended to be on main page of rw.
Don't worry it won't be. Was that a not too subtle way of asking for it?
BTW, where did you copy/paste that from?
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Nov 14 2007, 04:42 AM | Post #10 |
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"Please, cafe, do explain how an increase in demand for ess would decrease the price.
Since as you said, ONLY free to play and members below 30 mining can mine rune ess. Why would a MEMBERS update, or the assist system for that matter, affect regular rune prices?
It's entirely possible that the prices just happened to go down a few gold around that time, but what in the world makes you think that the ZMI altar and assist system would be affecting the price of runes? Especially since the ZMI altar doesn't even affect freebies in the slightest. People craft at the ZMI altar solely for experience, so please explain, 'cause I'm all ears."
And I made this (source is on the official rs thread like almost all my texts)
http://www.gaiaonline.com/forum/gaming-dis....18088605_8671/
If you insinue I plagied this you are wrong.
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Nov 14 2007, 01:27 PM | Post #11 |
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QUOTE(Cafebcs @ Nov 13 2007, 11:42 PM) [snapback]102636[/snapback]
If you insinue I plagied this you are wrong.
Then how come the english and the grammar are 60 times better than usual, and then suddenly drop down to normal levels?
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Nov 14 2007, 02:33 PM | Post #12 |
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http://forums.runeweb.net/index.php?showto...12786&st=45
Also the youtube music videos have the lyrics of the songs. It's like learning english with disney but on runescape style
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Nov 14 2007, 04:34 PM | Post #13 |
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Nov 14 2007, 06:50 PM | Post #14 |
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http://www.zybez.net/priceguide.php?category=49
Vadeka, I said 80 as max price of rune ess at start. Im runecraft 76 atm and all of this affected me.
About a question made on this topic: when something is needed for members all on f2p tries to get it like crazy. This makes that the needed stuff gets abundant on the market and prices gets down.
Some examples are: zamorak wine, big bones, limpwroot roots, air runes, coal, mithril, iron...
Rune ess is abundant on the market. Its bad for the people that trains mining but good for ppl that trains rc.
This post has been edited by Cafebcs: Nov 14 2007, 08:34 PM
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Nov 14 2007, 10:23 PM | Post #15 |
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QUOTE(Cafebcs @ Nov 14 2007, 01:50 PM) [snapback]102668[/snapback]
You can look at Market Price Guide of Zybez
http://www.zybez.net/priceguide.php?category=49
Vadeka, I said 80 as max price of rune ess at start. Im runecraft 76 atm and all of this affected me.
About a question made on this topic: when something is needed for members all on f2p tries to get it like crazy. This makes that the needed stuff gets abundant on the market and prices gets down.
Some examples are: zamorak wine, big bones, limpwroot roots, air runes, coal, mithril, iron...
Rune ess is abundant on the market. Its bad for the people that trains mining but good for ppl that trains rc.
It's just basic supply and demand. Members want stuff, free players get it so they can get some money, and since there are more free players than members, the supply overtakes the demand, which means the price goes down. Basic economics.
You don't train mining on Rune Essence. You train it on iron, which smithers need for steel, which supplies a whole lotta other skills.
Basic economics.
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