Bags value dropped from 4 Silver and some change, to almost 2 Silver. No one is farming the event, the rewards are boring and the same as every year (which wouldnt be so bad if some farming was viable.) Been here since launch (and GW1 before that,) holiday events were supposed to be OP. ArenaNets tyrannical rampage on anything slightly considered unbalanced is just boring. You have reduced this game to a series of achievements and fashion. Ascended vs legendary gear makes no difference stats wise, events have been nerfed to all hell, expansions are just voice acting packs with one key mechanic.
Used to be special playing this game during the holidays, really felt like I was doing something I could only do once a year. Now, no point in even showing up. Way to spread the holiday cheer Anet, no one is doing the event but I hope your gem sales are good.