Why do the item prices drop so hard ?

Supply>demand

So it means not enough people who play the game ? Or many people cheating ?

lots more bots + less people playing if you're comparing current prices to release of d2r

more items come into the market

where do items go?

no one vendor shako

day 1: 5 shako

day 5: 100000 shako

when 10 people want shako day 1 they have to compete for the 5 in market

when 10 people want shako day 5 sellers are just happy to get something for it at that point

This ladder was an open eyes for most of people that enjoyed to play d2 through years. I risk to say generations...
I got sick when I saw the prices of things 1 week after ladder began...
Not worth to wait 6 month for a ladder full of bots and cheats...
I got to hell day 1 and drop'd 2 shakos at 28 and 32 hour mark... I honestly just quit to mf cows and everything and went doing gfx services. I got 10x +++ fg than playing d2r wtf?

Sad to say but... thats what it is...