Originally Posted by wintermuteCF

You know, one of the biggest thing that I think people are missing is that 2.4 is still quite a ways away; it hasn't hit PTRs yet, and given that this is a serious content patch (new raid zone, lots of new dailys, changing mechanis), it will be on the PTR for a sizable amount of time.

Arguably, the number of LPS in the economy has not changed YET, there's still the same number of them as yesterday, and they will continue to be used at the same rate in enchants. The thing that is really devaluing the large prismatic is the knowledge that, when 2.4 hits, there is a lot more supply available to the system (from void crystals being turned into LPS).

That having been said, I think that this is a market overreaction that will be corrected soon. Blizzard makes this announcement, and the speculators are doing everything they can to take advantage of hysteria created by the announcement, but this is not a sustainable trend. Speculators buy up Void Crystals, and frightened people sell off swaths of their LPS stock in an attempt to cut losses. Sure, Void Crystals have risen in value, and will likely continue to rise in value, but Large Prismatics should hold their value until they day 2.4 hits.

My prediction is that in a few days (likely Tuesday, when prices take an upward price across the whole of the economy), Large Prismatics will return to a price closer to their natural price. In other words, if they were selling at 30g before the announcement, you'll probably see them go back up in the 28g neighbourhood, because people still need LPS right now, and the available supply has not changed _yet_. Once people have bought and used all the LPS being sold by frightened people, scared that the price will plummet, things will go back to business as usual for the month or three that 2.4 takes to come out.

However, when 2.4 hits, it's a whole different ball game. LPS supply will ACTUALLY rise, while demand remains the same. Prices will fall to an equilibrium at about 50% of the Void Crystal price. However, since Void Crystals will rise to match this (as there is higher demand for Voids and the same amount of supply), it will balance out ... somewhat. I preduct LPS stabilising at around 20g, and Voids at around 35g (accounting somewhat for the value stripped by limited transmutes of voids per day). We'll see how right or wrong I was in a month or two. In the meantime, I'm going slowly convert my remaining raw materials (eternium, primal earth, adamantite powder, etc.) into large prismatics, sell them off as best I can for as close to the high price as I can, and then slowly divest away from the LPS market.