Gold Price Crashed - Future of D3, battle.net currency?

[naut]

Gold price in 1.04 is flooring to 0.25c/mil.
At the end of the day Blizz got their wish, you'll NEED to use the RMAH.
But you can thank us botters for that one.

I see the future of the Diablo 3 economy as this:
-All items pre-level 60 which would be used for leveling, will be sold on the gold auction house for reasonable prices.
-All godlike items pre-level 60 which can be used for low level dueling etc will be sold on the gold auction house for inflated values.
-All 60 items of value will be sold on the RMAH, with many players just keeping the funds in their battle.net account balances to buy other items.

I'm sure many of you are familiar with the website d2jsp, they created a "forum gold" which players could use as a stable currency for exchanging items.

Blizzard is attempting to mimic this success with their battle.net currency, and I feel it will eventually become quite popular. They benefit from this huge, look at them like a bank. All the money they have in their battle.net account balances can be used on a daily basis for stock trading etc. With good investors they could make a fortune off that alone.

TLDR; gold is useless, people have no choice but to buy items from the RMAH. Run champion packs. Profit.

 

[markn12]

Gold price in 1.04 is flooring to 0.25c/mil.
At the end of the day Blizz got their wish, you'll NEED to use the RMAH.
But you can thank us botters for that one.

I see the future of the Diablo 3 economy as this:
-All items pre-level 60 which would be used for leveling, will be sold on the gold auction house for reasonable prices.
-All godlike items pre-level 60 which can be used for low level dueling etc will be sold on the gold auction house for inflated values.
-All 60 items of value will be sold on the RMAH, with many players just keeping the funds in their battle.net account balances to buy other items.

I'm sure many of you are familiar with the website d2jsp, they created a "forum gold" which players could use as a stable currency for exchanging items.

Blizzard is attempting to mimic this success with their battle.net currency, and I feel it will eventually become quite popular. They benefit from this huge, look at them like a bank. All the money they have in their battle.net account balances can be used on a daily basis for stock trading etc. With good investors they could make a fortune off that alone.

TLDR; gold is useless, people have no choice but to buy items from the RMAH. Run champion packs. Profit.

except this will have a direct effect on the price of items. If you can buy said item for 60m gold and 60m gold cost 15$ do you think anyone is gonna pay 20$ on the RMAH for that same item ?

 

[naut]

except this will have a direct effect on the price of items. If you can buy said item for 60m gold and 60m gold cost 15$ do you think anyone is gonna pay 20$ on the RMAH for that same item ?

As I said, level 60 items will no longer be posted on the gold auction house. At least read if you're going to post.

 

[bobdan]

As I said, level 60 items will no longer be posted on the gold auction house. At least read if you're going to post.

your assumption assumes that everyone can post items on the RMAH, not everyone has access to the RMAH so people will still list on the gold auction house. all this price drop will do is cause inflation just like in a real economy. items will still continue to be worth what they are in gold.

 

[johnz]

I don't get why lvl 60 items will only be sold on rmah? There's complete liquidity between gold<->$ now. Value of items will continue to drop as people have more valuable items (deeming current generation of good items as trash) meaning profits from item farming will continually drop. Gold, on the other hand, will continue to be able to buy better and better items given the same amount of gold. If you are farming for your char, gold farming seems better. If you are farming for profit, either way, it's gonna suck.

 

[markn12]

I don't get why lvl 60 items will only be sold on rmah? There's complete liquidity between gold<->$ now. Value of items will continue to drop as people have more valuable items (deeming current generation of good items as trash) meaning profits from item farming will continually drop. Gold, on the other hand, will continue to be able to buy better and better items given the same amount of gold. If you are farming for your char, gold farming seems better. If you are farming for profit, either way, it's gonna suck.

Basically its not worth it.

say you get 6m gold per day per bot.

Once gold goes to .25 per M thats 1.50$ per day per bot BEFORE you give blizzard and paypal 15% each.

After fees thats 1.08 per day per bot.

That's 55.55555 days to pay for the game.

 

[andryo]

Basically its not worth it.

say you get 6m gold per day per bot.

Once gold goes to .25 per M thats 1.50$ per day per bot BEFORE you give blizzard and paypal 15% each.

After fees thats 1.08 per day per bot.

That's 55.55555 days to pay for the game.

Or you could focus more on botting items, which from my experience generates tons more euro/dollar than a gold farming bot can do.

 

[markn12]

Or you could focus more on botting items, which from my experience generates tons more euro/dollar than a gold farming bot can do.

Botting items way more risk because you have to sell them on the RMAH one look at your account and its gone.

 

[elucid]

Why are you guys assuming gold will immediately fall to $0.25/mill? I think the equilibrium will be a lot closer to where the black market price is currently than $0.25/mill.

 

[markn12]

Why are you guys assuming gold will immediately fall to $0.25/mill? I think the equilibrium will be a lot closer to where the black market price is currently than $0.25/mill.

because on an open market you will always find someone who will undercut the next person even if it means they're making less money.

 

[Nyvelle]

Why are you guys assuming gold will immediately fall to $0.25/mill? I think the equilibrium will be a lot closer to where the black market price is currently than $0.25/mill.

Europe is not online yet (where I'm playing on),

But at the moment at the site I sell to, the prices for US has RAISE, and there's a 3000M demand on it as I am speaking.


Hmm....

 

[johnz]

Or you could focus more on botting items, which from my experience generates tons more euro/dollar than a gold farming bot can do.

Profits will continue to drop as people will pay less and less for the mid level items. Just look at 25% mf items, they dropped to near worthless 10k from 300k even 2 weeks before the patch.

 

[fr3357]

because on an open market you will always find someone who will undercut the next person even if it means they're making less money.

and you will also see alot of people quit posting it due to the fact they arent making enough of a trade of, and start investing elsewhere. It is hit or miss how it will go. But I find it highly unlikely botters will continue to post gold at .25cents/mill, and rather find alternatives to use gold to invest in stuff that sells on RMAH, and if that is true, even more so legit players will not post gold that cheap because they worked for it.

 

[elucid]

because on an open market you will always find someone who will undercut the next person even if it means they're making less money.

lol, go take an econ 101 class.

fyi, since 1.04 hit on US server RMAH gold is higher than black market prices.

 

[markn12]

lol, go take an econ 101 class.

fyi, since 1.04 hit on US server RMAH gold is higher than black market prices.

You're so out of touch. You can buy 1m on RMAH for .8 right now. Chinese farmers are still paying .7 or more per m yes PAYING so they're still selling it for 1$ +. I was quoted 15m ago selling 50m to them at .75 and these are people ive sold over 1b gold to since release.

 

[andryo]

Profits will continue to drop as people will pay less and less for the mid level items. Just look at 25% mf items, they dropped to near worthless 10k from 300k even 2 weeks before the patch.

Dont bot items to sell for gold, bot for items to directly sell on rmah, the rest is just a bonus.

 

[markn12]

Dont bot items to sell for gold, bot for items to directly sell on rmah, the rest is just a bonus.

Until blizzard looks at your account that has sold dozens of items in the last 2 weeks and bans you because once they look they know where the items came from.

 

[andryo]

Until blizzard looks at your account that has sold dozens of items in the last 2 weeks and bans you because once they look they know where the items came from.

All I can say is 1000euro and still going strong. Dont kill the messenger!

 

[Eisenberg]

Until blizzard looks at your account that has sold dozens of items in the last 2 weeks and bans you because once they look they know where the items came from.

They can look at Your account for tradeing large amounts of gold f2f too. Of course in case of RMAH theres also problem of loosing acces to it when your mule gets banned, but i doubt that You could keep botting either way if they started to sniffing around in transactions.

 

[jimjohnson]

Gold price in 1.04 is flooring to 0.25c/mil.
At the end of the day Blizz got their wish, you'll NEED to use the RMAH.
But you can thank us botters for that one.

I see the future of the Diablo 3 economy as this:
-All items pre-level 60 which would be used for leveling, will be sold on the gold auction house for reasonable prices.
-All godlike items pre-level 60 which can be used for low level dueling etc will be sold on the gold auction house for inflated values.
-All 60 items of value will be sold on the RMAH, with many players just keeping the funds in their battle.net account balances to buy other items.

I'm sure many of you are familiar with the website d2jsp, they created a "forum gold" which players could use as a stable currency for exchanging items.

Blizzard is attempting to mimic this success with their battle.net currency, and I feel it will eventually become quite popular. They benefit from this huge, look at them like a bank. All the money they have in their battle.net account balances can be used on a daily basis for stock trading etc. With good investors they could make a fortune off that alone.

TLDR; gold is useless, people have no choice but to buy items from the RMAH. Run champion packs. Profit.

For a rather well written post you seem to lack the ability to tie the relevance of GAH and RMAH. The prices will get reflected in the GAH to match those in RMAH. 600k items will inflate so they equal out somewhere around the RMAH value +/- a few $$.

You only look at this as an annoyance since you want to make money off every moron that plays D3 for fun rather then profit.

I look at this as economics. This is what happens in the real world when you have more currency being created then used.