IS THE ESO ECONOMY CRASHING? ECONOMY CHANGES EXPLAINED 

Look at how expensive it was before to gold out with jewels and wax. It was millions to upgrade a build. Crazy.

The economy is better now than it was for players with not alot of gold. Lucky for me I made a good chunk of change right before the prices on everything dropped. Still I think prices being lower is better for the new players who need/ want stuff.

I like the price drop, now I can upgrade items.

btw for the PA Ice staff, the drops are now curated, that also helped in significantly reducing the price of it

I do writs on 19 characters, all the tempers I receive I undercut by 10% and they sell within a couple of minuets. I don't see the point in being greedy but there are people who are out there with ridiculous prices.

Was getting close to 90-98k for west wield treasure maps, now lucky to get 10k

PC NA was overinflated for sure, as someone who's had upwards of 10 mil and 300+ of each gold mat, 14 toons for daily writs each day, I'm super happy that everything is cheaper now even though it may be hurting my situation. The important reason this is great is for new players, in game gold rewards like the 5k from daily writs or the 1k here and there from trials, dungeons, tales of tribute, thieving, mob farming, etc, are now comparitively more valuable. They didn't grow with the inflated economy. These are the most common sources of gold generation for new players. They sell trash gear, kill mobs, and run dungeons. The 100-200k they were earning over a week can now be spent on much more, like materials or potions, in order to complete better content, and eventually get into better ways of making money. The only people that miss it the old way were happy to buy low/sell high, rip people off, to generate 50+ milion gold for fun, or to sell gold for real world money/crowns. Unfortunately, crowns are still high. I saw it going for 1k, when I remember it used to be 300g about 3-4 years ago. It will take some time to go down probably.

It is interesting to see what side effects this change in the economy will cause. For example, the PC player base is more endgame-heavy compared to the console player base. This creates a problem where older content (IC, overland, etc.) is not played as much. Veteran players aren't interested in gathering materials or farming Tel Var stones-they already have their sticker books filled and make their money by selling motifs from harder endgame content. Two years ago, as a new player, I was incentivized by astronomical prices to venture into IC to get my PA staff and hakejos. Now, with everything becoming dirt cheap in the upcoming patch, newer players can just stick to daily writs and buy all the items from traders. P.S. I will never miss that jewelry prices though.

As someone who plays on all platforms even NA and EU I'll make it short and sweet just depends on the platforms and server you are on its high or low end of story

Yeah i cant imagine the stress on guild leaders when decent trade spots are 40m gold bid. All the stuff i used to sell is dirt cheap. Mats are flooded, even herosim pots arent selling. Havent tried roe yet. Future looks grim for guild trading.

[14:36 - 15:00] made me laugh out loud! I can’t disagree with most of what you’ve said. I’ve actually had come to the same conclusions for the most part.

aloha^^ feel half and half like real live economy less player base equals less production, just hope for skynny cheeks his project will came live to bring back even old players to decrease the hole player base. will be olso god for economy. its just about to remake the sets that exist but will be an big impact on gameplay and balance will be olso chaotic but will bring back many players that will olso benefit the economy on selling ore producing things corse new build posibillities for pvp and pve

There are fishing bots on PC at the Alikr Goats Head Oasis and in Nikolvara's Kennel in Wrothgar all the time. ZOS takes their time booting them when you report them too.

The anniversary event ruined the economy for traders because they flooded the market with gold mats...and rare mats. Maybe it was smart to do, IDK...I do know a lot of traders who harvested mats quit because all of their time spent saving mats was now ruined by ZOS just printing items...and it might be that mats become less available. Another side effect of ruining the economy is the fact that traders would really need eso plus and if a trader quits they also drop their sub, which seems to be happening a lot.

The gold farmers are part of the problem. They have put to many items in the market. Then most players don't make good profits so they don't farm those materials. The bots are in these big guilds selling at very low prices, the guild leaders are forced to sell outside of guild store to make enough to buy good trader spots. They resort to buying gold from the bot accounts. This causes a bigger issue then everyone wants to admit too. Yes prices can be too high or low at times but not fixing the bot problem causes a lot of issues in the trading system. It's not the only issue it's just a part of the problem

Buying just to resale definitely killed the economy. And taking advantage of all the newer players when they find expensive items exploring

You missed another very very important addition to the game that most overlook or dont use.. Infinite archieve vender. The one that sells mats 2k for a roll at some goods.

I made about 3 million gold during the fallen leaves event selling furnishings large wine barrels we selling very good

If they gave us a resource dump for pvp it would fix the economy faster. Give each side a tower in one of the fields in Cyrodiil that consumes resources for upgrades.

I think you're reaching with your conspricay theory, it's not necessary to release bad sets to reset the economy. They definitely wanted to fix it, but that isn't how they did it, the ink stuff, maybe. That was already going to happen because this is their 10 year aniversary, so they've been continuously handing out freebies to players all year, as well as event after event, everytime 1 event ends, another begins. The one happening right now gives double gold. The amount of materials added back into the game has skyrocketed. This isn't just because inks come from those sources, it's because of events. The demand has lowered, the supply has risen, so prices have dropped. One part I didn't hear you cover is the mailing/listing changes from 30 days to 7/14 days, meaning a lot of the items fall off the market quicker or get deleted entirely if you're not on the ball, so people are less likely to attempt high prices knowing they'll have to list items again or pay listing fees more often. About bad sets, no way. Highland Sentinel is the best dps set in the game but you need to stand still which is possible on some classes and content, it's also specifically OP for trial dummy parses which makes up a large amount of content for youtube, Xoryn's Masterpiece is a must have to buff your trial group, The Saint and the Seducer is one of the best pvp mythics right now, Mora Scribe's Thesis is just a better version of Order's Wrath in trial form, Lucent Echoes is probably the best selfish tank + support set they've ever made to date.

I mean... I don't mind prices being low for the new players and such, but crafting and selling are always a BIG part of any MMO game for me. One thing that has me playing ESO is being able to turn gold into guilds looking to buy traders using TCE b/c I'm not rich irl. Now... I may never get to see many of the crown items I would normally get to enjoy.

Great take! I agree 💯

I stopped selling when they changed guild traders to be 2 weeks and then our gold vanishes. A lot of casual players stopped selling. And because we stopped selling, we don't have gold to spend. I work in shifts of 3 weeks. I can't take my PC with me. I was happy to play ESO and would sell/buy a bunch of stuff and play a lot with my three weeks off. Then come back in 3 weeks. Repeat. That update to the game killed my participation. I know other guildies who have kids staying with them for 2 weeks at a time because they are divorced parents. They aren't participating in guild trading anymore either... which means they don't have gold to buy things. Other MMOs don't need to make gold vanish from mailboxes to make their games run smoothly.

You're wrong about the bots on console. I play Xbox EU and there are no bots. They fixed that problem months ago.

This is very simply supply/demand. They exchanged our plates 1:10. So it very much is like a real life scenario. When supply goes up, price comes down.

think ive got 45mill on one account, but I havent played in 3 years

Most of the decline occurred before gold roads release.

Economy is not fixed. U pay more for potions and food than armor.And upgrade materials should be expensive,but values should be lowere f.e white to green upgrade 100%, green to blue upgrade 30% of base value, blue to purple 5%, and gold upgrade 1%. All armor reconstructed and crafted should have durabilility (maybe increased duble with every upgrade,to make game not hardcore). This way ppl will use armor of lower quality,upgrading to gold it would almost be cosmetic. And with expensive upgrades ppl would buy dropped sets just to avoid its destuction. All dungeon sets should be unbound.Why pvp players are forced to farm Tarnished set. Let PVE players to earn some gold by farming sets for PvP players. Then economy would be fixed and everyone would farm what he/she likes. Also new crafting-scroll crafting would be nice. This way u could deconstruct all trash recipes/motifs/styles for materials,so either they would get its real worth,or u could get materials. Event styles should be pricefull reward,to encurage players to parcitipate. Holiday styles are hard to give for free,so all holiday events I just make tickets and forget. Same some recipes/ motifs,they take lot of time to farm and very fast their price drops. P.S and material farming is good source of gold exept from bots,for new players. They cant farm harder content,so way not to pay them,for their hard work of harvesting?

Disagreeing with nothing you have said, but there is something that has become a bit broken, and that is obtaining a trader, it can be quite expensive I was a part of trading guild that essentially went under due to the price of obtaining a trader vs. the ability of that trader to generate revenue by guild members. Some guilds have raised requirements at a time of incredible deflation just to compete for a good trader. Other guilds are now surveying members as to whether a trader is needed or expected by members obviously because maintaining a trader can be difficult. Trading should be fun, easy passive income accessible to all guilds and accessible to more players through the guild system. Moderating the economy should not have diminished one of the great things about guilds, it should have enhanced it. It should not be a side note that guild leaders are players too, champions of the guild system, do not get paid to create events and content, and we should be making much easier for them to enjoy and maintain these guilds stress free.

I used 3 million for my nirn and Relequen set

The addition of scribing kind of disproves your theory. I'm guessing they thought it would be wise not to stir things up too much.

Bidenomics is working

The downward trend may seem like it was the start of the market "crash," so to speak because that was a major change that's easy to point fingers at - but that was a year ago, and prices really began dropping about 5 months ago - right after Jubilee ended. We always expect a good supply of crafting materials during Jubilee, and prices always drop for a couple of months, and it's expected. Supply and demand. You need to keep in mind that this entire year is a 10 year anniversary celebration and we've been consistently getting extra crafting materials all year long. Supply and demand. It's a simple explanation, there's no real mystery. Also, ink farming has dropped dramatically, it's so plentiful, you get it from every source that can be looted, and I have hundreds without even trying. Supply and demand. So, sorry, your video is really not very useful because it's old news, and really after forcing myself to listen to you, I think you just wanted people to hear your opinion without actually helping people understand how an economy works.