SRL Archive - RS has been updated.

76k'ing KO -> Hyper deflation


Markus

2009-10-28 17:06:23

Jagex finally managed to "kill" the 76k trick this monday, and starting from today (actually yesterday but not as bad) we are starting to see the effect.

Hyper deflation.

After the somehow extreme inflation of the past time (easter eggs crashing to 26m, runes getting sold for max instantly for weeks, iron bars being 400+gp whilst ores are 190ea??), the economy looks like it's getting a big punch to the normal levels.
If we take a look for example at the price drop list of the GE, we clearly see a lot of items going at the -5% tour, among them many raw materials like silver ores, un-cleaned herbs and all kind of logs.

The cause of the inflation at first clearly was the 76k'ing, but there's more (which I'll explain later). Due to it being so easy to make money, tons of people went to edgeville, built up DP, then killed some friend for the $. As a majority of the players were doing that, the usual happened: money became worthless.
However, the 76k trick wasn't the only cause of the inflation:
For a long time (since GE actually), the unlimited store stocks artificially kept prices below a certain point, not only through GE limits but also due to the fact that for example for chaos runes, it was almost as cheap to visit Aubury in Varrock than going to the GE just a few yards away, and it was just as fast (if not faster). For feathers, same thing. The price difference was only 1gp, and people really weren't willing to pay more than 6gp for a single feather when the shop had them for 6. Thus, this kept the inflation for most items a bit down.

However, the removal of the store update caused the prices to explode. As money was getting worthless, people were paying more and more for trivial goods like ores and herbs, up to the point you could make like half a million per hour for just a bit of mining! It was pretty clear this situation would be unsustainable, and so realised Jagex so they did this update.

Also, take a look at the graph of D Claws:
The line is pretty clear for now, and I bet it'll continue going down like this for at least one or two weeks or so (until a new money trick is found most likely).


Luckily for me and some friends, the day before the update (sunday), we sold a LOT of stuff for mid/max price, including robin hood set (the hat dropped 150k today, ranger boots 450k).

So, how did this update affect you?

mormonman

2009-10-28 17:21:48

I don't like keeping expensive things in my bank when I don't need them anyways. Plus I only got 10mil on my main at this moment.

kingarabian

2009-10-28 21:05:51

I cant sell my whip. I cant sell my bgs. I cant sell my ahrims. 40m going down.

Richard

2009-10-28 21:09:31

I don't think this will cause much damage in the long run, its just panic selling at the moment. People see that a price of something has gone down, try to sell theirs so they can save some cash, find they can't sell it for lowest on the GE, and now they think its worthless.

People will soon realise they need their items back, prices will probably recover within the next couple of weeks.

Nava2

2009-10-28 21:10:24

I have an ags.. probably should sell that.. :S

kingarabian

2009-10-28 21:42:02

From: Richard
I don't think this will cause much damage in the long run, its just panic selling at the moment. People see that a price of something has gone down, try to sell theirs so they can save some cash, find they can't sell it for lowest on the GE, and now they think its worthless.

People will soon realise they need their items back, prices will probably recover within the next couple of weeks.


Not really. 76king really made items over valued. Since its gone items should be back down and they better be. Seriously full dh at 9m is ridiculous! Its been 3-5m the past three years. Lots of items need to come back to earth.

Richard

2009-10-28 21:56:15

From: kingarabian
Not really. 76king really made items over valued. Since its gone items should be back down and they better be. Seriously full dh at 9m is ridiculous! Its been 3-5m the past three years. Lots of items need to come back to earth.


But surely it should have made items go down in price, considering they were creating more of these items.

mormonman

2009-10-28 22:46:38

From: Richard
But surely it should have made items go down in price, considering they were creating more of these items.


http://services.runescape.com/m=news/newsitem.ws?id=1940

Read the drop changes… it was only creating gp.

Main

2009-10-28 22:52:30

why did this effect the rares?? my H ween mask dropped from 42 to 38.

code841

2009-10-29 00:10:24

Because as originally posted, deflation, the value of a GP has increased if you will, for now anyway.

kingarabian

2009-10-29 00:56:35

From: Richard
But surely it should have made items go down in price, considering they were creating more of these items.




From: mormonman
http://services.runescape.com/m=news/newsitem.ws?id=1940

Read the drop changes… it was only creating gp.



^ What he said. Its like America's economy. America keeps printing and printing dollars and the value is dropping big time.

Bionicle

2009-10-29 17:11:36

ive got nothing to sell :p no items worth anything, and only like 3m in cash atm after i spent it all on con.

Cartmann

2009-10-30 05:27:38

Runescape is haveing its very own financial crisis!
Put all of your money in gold! Arrrrv!
but yeah … why dind't any1 here made a guide on how to abuse the runescape pvp system :P?

afaik, it's still profitable, "just in the long run" as runescape mention themselves.

Matsetst

2009-10-31 10:42:14

Lol, what do to now ? i have ATM 38m. Is it better to keep your money or is it better to buy example gold ore or something :) any one good advice ? I personally though just wait when the items are stable again.

Bionicle

2009-10-31 10:44:48

@ cartman, probibly cause there's better ways to make cash. (eg, autoing, who'da thought?) lol :p

code841

2009-10-31 13:12:36

From: Matsetst
Lol, what do to now ? i have ATM 38m. Is it better to keep your money or is it better to buy example gold ore or something :) any one good advice ? I personally though just wait when the items are stable again.


Put that money into Event items (halloween mask, santa hat etc.) They're only going to go up in the long run (unless fagex caps the prices).

Cartmann

2009-10-31 14:26:35

From: code841
Put that money into Event items (halloween mask, santa hat etc.) They're only going to go up in the long run (unless fagex caps the prices).


dude no? if you have had society science or economics you would know that inflation buff the prices, not just on pvp equipement, but EVERYTHING.
So cash is your best choice IMO :)

code841

2009-10-31 15:11:18

From: Cartmann
dude no? if you have had society science or economics you would know that inflation buff the prices, not just on pvp equipement, but EVERYTHING.
So cash is your best choice IMO :)


I said in the long run (when economy stabilizes), right now is probably the BEST time to be buying them, while they're dropping in price.
I remember having a santa hat back in the RS "Classic" days, it only cost me 100k, now look at them!

Cartmann

2009-11-01 06:30:57

That's actually quite a good idear, if you got ice in ya' tommy, then wait for them to "peak" at their lowest, it's like a black sunday now, becouse everybody is selling, but when they realize that they need it for pking (kinda obvious :P) then demand will raise again = sky rocket prises.

Ranger135xp

2009-11-04 00:20:21

Communism doesn't WORK! Jagex needs to let players be in control again and go back to a free market system with RWT and autoers. This would be best. 05-06… good times in RS for me.

kingarabian

2009-11-05 01:41:37

From: Ranger135xp
Communism doesn't WORK! Jagex needs to let players be in control again and go back to a free market system with RWT and autoers. This would be best. 05-06… good times in RS for me.


I would say 06-07 for me ;).

blazingold

2009-11-06 23:26:34

From: kingarabian
I would say 06-07 for me ;).


Lol, and 07-08 for me.

Just remember merching pure essence.. took a lot more work, but definitely more opportunity for profit, haha.

P1nky

2009-11-08 19:30:52

I love this update, make more people quit <3 lol

Ranger135xp

2009-11-10 00:30:32

From: ~~Joker~~
I love this update, make more people quit <3 lol


You would since you have some moron who helped put Castro in power as your avatar