Currency prices crashing
Anyone know why currency prices are crashing like minus 20-30%+? Every currency is going down according to poeninja. Is it a drop rate nerf or something else?
Last edited by Supreme_Overlord10 on Feb 8, 2024, 6:14:05 PM Last bumped on Feb 11, 2024, 7:14:10 PM
|
|
Big supply, little demand.
|
|
Economy 101
MF'ing = 99999999999999 currency what does that mean? Huge supply Why would anyone demand it when it's like literally 5-10 divines per map least in my case. Dys an sohm
Rohs an kyn Sahl djahs afah Mah morn narr |
|
Most people have also already quit the league causing an even lower demand
Flames and madness. I'm so glad I didn't miss the fun.
| |
People are spitting out the divine currency every map faster than crafting multimod.
| |
currency prices are crashing... ok, what are you pricing that currency in? other currency right?
so currency prices are not really crashing, its impossible for all currency to crash in value because youre valuing it in currency. you are using ninja which values all other forms of currency against chaos right? so is every currency in the game other than chaos crashing in value or are chaos orbs becoming more expensive? people are saying the same about items. according to poe ninja all unique items have dropped 20% in value. 3 weeks ago a kalandras touch was 23 divines, so 23 x 175 = 4025 chaos. now kalandras touch is 29 divines, so 29 x 115 = 3335 chaos. so kalandras touch is 6 divines more expensive than it was 3 weeks ago and poe ninja will tell you its dropped about 20% in value because its costing it in chaos orbs, even tho no one buys and sells t0 uniques in chaos orbs. people are finding divines, selling items for divines and paying for big ticket items in divines. the majority of peoples divines when theyre buying a mageblood for 140 divs have not come from looting chaos orbs and exchanging them. |
|
It was already odd to me that chaos-divine ratio didn't crash way earlier, it makes more sense now honestly.
| |
" They are crashing from its peak. If you bought them at the top, you are losing money. chaos and divine are the gold standard currency. if they go down in value, so does everything else. items are not currency hence you cant compare them in money value to currency. Currency is money. I think you are confusing monetary terms. Also, Kalandra was 8000 chaos in Dec. Now they're 4000 so items are going down in price. You can't use divines in this comparison without using the correct divine convesion rate of divine to chaos from 1 month ago to the current price. Remember deflation/inflation is a thing. Here is the definition of currency: A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. Last edited by Supreme_Overlord10 on Feb 9, 2024, 1:57:15 PM
|
|
People got rich enough to filter out chaos orbs
| |
" im not confusing things. chaos and divine are not both going down in value. what are you gaging that on? value by what metric? if you bought them at their peak they have lost value... what have? chaos and divines? what would you have bought chaos and divines with? what are you valuing chaos and divines by in order to see if they have gone up or down in value? think about it. this one shift explains everything you are seeing on ninja divines to chaos ratio was 175:1 it has now changed to 117:1 that explains everything you are talking about because you are using ninja to gauge prices and ninja prices everything in chaos orbs. youre saying chaos and divine have crashed in value, but you can only value divines in chaos and you can only value chaos in divines because they are the only 2 monetary currencies, so they CANT both go down in value because you can only value one by the other. if divines go down in value that means chaos have gone up, and if divines go up in value that means chaos have gone down because that is the only definition of up and down in value that exists. ninja prices everything in chaos, so if chaos go up in value compared to divines ninja shows that every item in the game has gone down in value because people price their items in divines. if i list something for 10 divines and a divine is 175c then that item is 1750 chaos according to ninja, if the exchange rate of c:div changes to 120 now my item listed for 10 divine item is 1200 chaos on their website. so ninja will show that items has crashed in value even though the price has stayed the same at 10 divines, its still the same item listed for the same price. "currency" cant really crash in value in this game. the exchange rate between chaos and divines can change, you get more or less chaos per divine. how would you measure them both going down? their value can only ever be measured compared to each other. |
|