So here is my thing.
After 5.1 i think everyone noticed this pretty large change of herb drops.
It might be my server but this is kind of getting ridicoulous.
The price of Golden Lotus dropped in a few weeks/days from 100g down to 30-35g while the quantity availible doubled.
This has pretty large consequenses for a minigoblin like me as i usually and primarilly trade with flasks.
It was allready a pretty bad market with alot of people competing and its more or less down to competing with procs or even worse than that (farmed farm mats are for free!). But a good day without too many Kobolds and a welltimed reset can on the other hand be extremely profitable that makes me stay in the market.
But well to my problem.
I did always have a pretty large stash of Golden Lotuses. As mentioned, the flask market is filled with people that sells stuff at an underprice or just at crafting cost. My solution to that has been to buy even more lotuses to lower my overall crafting cost and thereby my loss.
Also trying too keep the price of Golden Lotus up some days makes the flask sales more profitable.
But, the thing is the price keeps falling. And i simply cant stop buying them. Its like an addiction, if there is cheap lotuses availible i will probably buy them. But the amount availible has gotten so large so i cant simply catch up to it anymore wich makes my whole business more or less collapse (ok i got another basket or to, but still). But i still buy them, its like a drug (a boring one). A solution would probably be to only craft what you can sell in one night as i think most of my competitors do. (I like doing things BIG). But that would also mean not having stock when it suddenly is empty one day and you can make the big money (because people buy flasks at any price aslong its reasonable).
Right now i found a solution to not loose that much money by transmuting a few hundred metas, but as everything else they are also down alot probably ending up in a loss aswell.
This is my debacle, and it annoys me to hell. Cheap mats arent necessaryily bad until someone will lower the market price so it resembles the crafting cost, wich has happen. Its actually so bad that flasks that people happily payed a 100g a piece just a few weeks ago is down to 35g (and the days i make money they still go for 50-60g:s without any hustle).
That is kind of sucky when the procs (or smart market maneuvering) are the only thing that gives profit.
Now the consequense is that all golden lotus-related markets are about to crash. Everything from gems, metas and flasks.
Is this some kind of evil plot of Blizzard to kill goblineering? I can understand that they want mats you need for raiding should be cheap so everyone can afford it, but isnt this a little to far? Normal blue uncut gems at 5-6g !?!?
I know the first thing to do would be to buy it all out. But my pockets arent deep enough (i have tried and spent my last copper). The server is a "one-faction" and still one of the largest in Europe. The supply is almost unlimited.
After a reread this seems more lika a an anoyed ramble than an actual issue.
Is this phenomenon spreading? I can see that the all EU alliance market price of Golden Lotus currently is 75g, while it on my server is 28g.
Is there any possibility that Blizzard will decrease the droprate of Golden Lotus? (i guess not).
I think this is something that will start to spread to most realms.
What will the long-term consequenses be?
I hope it will start to drive out some people from the market, atm the quantity and amount of undercutters is way to large to do effective resets.
I also hope that people start to realise that farming golden lotus isnt (and has for the majority of time has never been) the most profitable thing to do, as you probably can rake in the double on a stack of pumpkins or cabbages. Atleast on a server where there are alot of serious raiders.
I started my business ventures in Cata so i wonder, has this happened before?
Blizzard crashing a market totally in a patch (2k Golden Lotus on ah Dec 5 - 5k Golden Lotus availible today), with the risk of also taking the gem and meta market down aswell?
A positive thing though is that lower prices makes resets easier to make. You dont buy that 8 stacks of flasks listed lightly if theyre at 100g a piece, but its nothing at 30g. Hopefully more people will do that. But i assure you, its way more fun to open 200 ah mails where the flask was sold for 100g than 200 mails where they are sold for 35g.
TLDR - annoyed at patches that crash markets.