ooids for sale on MB, 500k ridiculous

[Snugglebutt]

It does not make any difference what price people put them on MB for, the only thing that matters is what people are willing to pay and the price will drop like always does until it hits the right level for the buyers. So just wait, the prices will drop drastically.

[DarthBuzzer]

It does not make any difference what price people put them on MB for, the only thing that matters is what people are willing to pay and the price will drop like always does until it hits the right level for the buyers. So just wait, the prices will drop drastically.

Wrong. They will drop abit when supply is higher but these are weekly mats. They're always going to be disgustingly expensive. Oh and you need 60-80 of these type of mats for ONE item along with your red scrips.

[Snugglebutt]

Wrong. They will drop abit when supply is higher but these are weekly mats. They're always going to be disgustingly expensive. Oh and you need 60-80 of these type of mats for ONE item along with your red scrips.

Actually what you meant to say is you 'think' I am wrong of which my response to that is I think you'll find out I am right. The price will drop 'a lot' over time and not 'a bit' because despite how hard it may be to obtain you have to factor in multiple elements which will reduce the prices like how much people are willing to pay in general when they could just ask friends to help them, cooperate or put in additional time to obtain themselves whether through re-specialization or creation of alt characters plus the quantity required will further drop how much people are willing to pay.

Your relying too much on limited supply which over time will become not so limited as caps get raised like always do plus quantity of people who can obtain and sell them ever increases once leveled their own classes and started farming them also. Yes some people will make some sales at high prices initially because the materials are new and people have only just started farming them but they too will be impacted by a continual drop in value as time goes on just like always does. In the end it will settle at a fraction of their current values given time.

As for your 'disgustingly expensive' comment, feel free to define your subjective value on what they should be worth. The items are currently very high in price only because it is new and people are trying to push their luck in asking a vast amount full in the knowledge it will drop drastically which is why they set it so high so will have more room between the highest estimate and what will eventually be the bottom price. They are relying on limited supply to begin with but that limitation will be impacted a lot of the coming weeks despite the cap on scripts.

The same happens every time new materials come out and in most cases they end up a fraction of their initial first time pricing. I think you will find the same will happen here and your free to believe what you want but I think in the long run your going to be wrong depending on what you define 'disgustingly expensive' as. If you define disgustingly expensive as 1 gil then your going to be right but only if your valuation is disgustingly low.

[PirateCat]

The items are currently very high in price only because it is new and people are trying to push their luck in asking a vast amount full in the knowledge it will drop drastically which is why they set it so high so will have more room between the highest estimate and what will eventually be the bottom price.

This, exactly. There's no reason not to try to charge a really high price if yours is the first and only one for sale. Either someone buys it because they're desperate to gear up as quickly as possible, or they don't and you still have your item for your own use. The prices will drop once there are enough people who put a higher value on getting something for the mats than on the fact that there's a limit to the rate at which they can be acquired.

[Sibyll]

It does not make any difference what price people put them on MB for, the only thing that matters is what people are willing to pay and the price will drop like always does until it hits the right level for the buyers. So just wait, the prices will drop drastically.

Why would they drop drastically? The demographic of people that can supply these mats are:

1) Level 60 DoLs with 600 Gathering and enough perception to get 470 collectibility
2) Gatherers that are spending scrips on Favors rather than gearing
3) Gatherers that are farming these items for the purpose of selling rather than for personal use

On top of that, there is a weekly limit to how much this demographic can farm them, there is an RNG factor that limits supply, there are 10 different materials (5 Miner and 5 Botanist) so supply of each mat is going to be further divided.

I'm not saying I think it's good or bad design, but Ehcatl Sealants and these are two different beasts.

[Snugglebutt]

Why would they drop drastically?

Wait and see over the coming weeks. I think I am going to be right and few others think I am going to be wrong, such is the life of assumptions and speculations. People who think the materials will be still worth anywhere close to 500k-1mil I believe are going to be in for a shock in 3-4 weeks time when drops to around 20-30% of it's current value. You can guess how much you think specific materials will be worth in 3 weeks time if you want now and I will do the same if you do so but overall I think it will end up around 60% drop in price (minimum) over the next few weeks which is 'a lot' and not 'a bit' relative to current values. Then for fun can come back to the thread in 3-4 weeks time and see who was closest.