Well I was one of them who bought this sword for 1k but deep down inside I knew they would go down soon so I traded it back for a Wurmslayer.
Well tonight I bought one for 200pp, I knew I had to wait. It's going down and it's going down really fast. All night long I've seen people selling them for 500-600pp but I had things to sell before I could buy it. Imagine my surprise when the person replied "200pp" when I sent him a tell asking how much he wanted for it.
A word of advice, wait some more before paying a lot of pp for centi swords, they will keep going down. They are only good mid level swords, the price will bottom out in a couple of weeks. Just wait!