Can we influence the gold price on EU? YES, we can

[Dbuddy]

pros:

- people who buy gold from blizzard definitely do not care much if they buy it for 36 Cents or 43 Cents
- this is the biggest botting community with a really high market share
- the risk of "loosing profit" is like zero, you can only win if it works

cons:

- DB forums are probably not good frequented in the last time
- it's only working with a decent amount of trusted members because there are still many people complaining that it's impossible
- it's hard to check if it works or how many members are needed

Gold - Auction House Price Tracker - Diablo 3 RMT

So this is how it "should" work:

- EU Realm only (first), maybe later US if there is a person taking the org-part
- check gold price for a low peak
- crowd a decent amount of DB Members with high activity on the gold market and high Paragon-chars (and of course high gold-amount in stock)

we need some feedback from interested members: a) working bots b) ~ Gold sold in the last week c) Gold per day

- set up a fixed timeframe (for example 48 hours)
- in this timeframe 50% of the involved members set a relatively high Gold-price (80 or 90 cent) and the other 50% just keep the gold
- the venturesome members can even BUY gold at the beginning if it is at a low peak. Look at the statistics above and and check 10/21/12

- when the timeframe has ended everyone is allowed to sell the Gold-price for about 50 Cent (EU) and some hours later we check if it worked
- we need much forum activity

there is also a poll attached

I'll start with my stats (please avoid e-peen discussion, i know there are members with low and members with high gold amounts)

- 3 bots
- ~540 Mil sold in the last 7 days
- ~80 Mil per day (the difference is spendt for some updates)

If you vote for a "yes" please also attach your gold stats

 

[Cem]

I like where you are going with this, I started thinking about this the other day too where if the majority of us could agree on a price perhaps we could up the value. I do believe it will be inevitable that it keeps going down but I think we could push the price back up towards 1euro a mill if we got enough people to work together. I guess the big question is what % of the gold sales market is from actual gamers vs bots?

A big point here is there is very little risk. If we all put our gold up for higher than it sells then the only risk we have is getting banned whist we are holding the gold instead of selling it (which is very minimal). If it doesn't sell you can always sell it later on for what you were going to sell it for in the first place. Seems to me the minor risk of losing gold during a ban wave would we worth the enormous profit gains we can recieve!

 

[miracle]

Impossible, waste of time even trying.

There will always be botters that dont visit the forum + chinese + legit players that are not aware

 

[Cem]

Impossible, waste of time even trying.

There will always be botters that dont visit the forum + chinese + legit players that are not aware

Which begs the question what % of them are they compared to us that might be willing to try this. Like I just edited in above the only risk is losing gold in a ban wave vs the potential to double our gold sales profits, worth it imo.

 

[Dbuddy]

even if there is only (assuming) 3 or 4% of the user involved in botting i think the botters are still the biggest market players.
cause most of them run 24/7 (or try to) on high paragon and the "non-Botter" is only playing few hours on low paragon = low gold.

there is one thing i am not sure.... is it really necessary to put much gold with a high price on the market, in addition to the gold-sellers holding their gold in queue?

the question how much users we need will be answered soon if we check the feedback and the poll... i definitely need some numbers how much user will support it.

Impossible, waste of time even trying.

There will always be botters that dont visit the forum + chinese + legit players that are not aware

keep in mind that gold/? Sale is only some 0x% of the money blizzard is processing via RMAH. the bigger part is item-selling and we do not touch this market.

the horde of legit players with low activity of course find a good amount of "near-perfect" legendaries and stuff that compete with our bot finds but most of them will not sell them for gold and afterwards the gold for ?
they will sell it directly for ? or spend the gold they made for item upgrades. This part will not touch our mighty plan

There wouldn't be many people running high paragon 24/7, since you'd get banned well before you reach a high paragon level.

the ban section isn't full since weeks... i also got 1 paragon 100 and 2 more bots on ~90 / 80
And i am 100% sure that i am not the only multi-botter with high paragon here.... there are hundreds of em visiting the forums... (and hopefully reading this topic)

well, if a banwave is incoming we all got a problem, but we should milk the cow as long and as effective as possible.
Demonbuddy hasn't have a banwave since RELEASE of D3... this is all i got to say...

 

[stormwarr1]

There wouldn't be many people running high paragon 24/7, since you'd get banned well before you reach a high paragon level. IMHO?

And, no, it's not gonna work, there are too many other people selling gold for us to make a difference.

 

[Bottletorch]

There wouldn't be many people running high paragon 24/7, since you'd get banned well before you reach a high paragon level. IMHO?

False, plenty of level 100 paragons still going strong.

I don't think this will work. You'll need a large amount of members to cooperate with each other, that won't work in a public setting and certainly not over the internet. The biggest flaw here is trusting each other, and worse of all you're suggesting that some may want to buy gold off the RMAH to bump up the price with little to no security that they will earn back a profit. Let's say there isn't any spending involve, you're putting 50% of members on the front line where they can actually profit, and the other 50% to hang back and twiddle their thumbs. How are you going to coordinate all these people? How are you going to make sure everyone gets a fair share?

If you do get a good amount of members and this sets off, you're essentially holding back a large sum of gold supply. What if there aren't any buyers? What can you say to reassure the members that things will work out? And if it doesn't, the floodgates open and there goes all the gold with fierce undercutting.

Really though, you're going at this blind. There isn't any data at all of how many people are actually buying gold for whatever amount at whatever given time. This all really falls apart when a huge part of your plan is based off assumptions with "ifs" and "shoulds". This isn't much of a complain that it's impossible, just a reality check of how poorly this is planned. Your plan seems to contradict itself here and there, like saying the main form of communication is the forum, yet the forum is not as frequented as you suggested. You don't even know how many people you need to get this set off.

 

[xzhenx]

Apart from the near impossibility of such a task, may I inquire why are people still gold botting when item botting is a ton more profitable?

 

[Eisenberg]

All botters here taken together are nothing compared to chineese companies.

 

[Dbuddy]

it is helpful if there are members buying gold at low price, but it is definitely NOT needed.
i just added it because i know there is a small amount of people that bought gold on low price to take the risk and sell it later with a bit of profit or buy items to sell them later.
but like it said, this is high risk, has been done only by few people and i don't think it is needed or a good choice for our first attempt to influence the price.

And if it doesn't, the floodgates open and there goes all the gold with fierce undercutting.

No. This won't happen, i tell you why:

the timeframe is purposely very short. Like 48 hours.

But long enough to get a feedback from the market.


If all the people here are chickens, there is one thing they should become scared of:

a permanent gold-price dumping from botters in the next weeks until the price reaches 25 Cent.

they must NOT be scared of 48hours to check the market, the 25 Cents waiting for us in few weeks (if we continue this way) is what i am scared off.

All botters here taken together are nothing compared to chineese companies.

proove?

i know the imaginary "chinese farmers" have much bots and manpower, but i don't think they influence the gold-Price on RMAH that much.
They sell directly to the customer via item-shop and via ebay.

The biggest part are customers buying gold from blizzard, cause there is a large Number of people afraid of getting banned after they bought a billion chinese gold to save some stupid ?

 

[stormwarr1]

True. 24/7 = ban.

 

[Bottletorch]

48 hours is very short? 2 days worth of your entire roster not selling gold is not a considerable amount that should be feared? You seem to think there will always be a readied supply of buyers waiting to buy gold off the RMAH. There is a reason why the gold price is dropping.

How can you ask for any proof when you yourself seem to be lacking any at all based on what is read from your plan? Eisenberg made his comment the same way you did, it's really an opinion if anything. And if you've done any research at all, you will know that Blizzard have said that people buying gold off gold farmers will not get banned.

Edit: How exactly do you know how much Blizzard is making?

 

[Dbuddy]

True. 24/7 = ban.

why do you constantly repeat false information

there are HUNDREDS of botters going strong 24/7 at high paragon and the ban reports section has such low ban reports i cannot even believe it...
Demonbuddy Ban Reports

honestly i think the time will come when a ban wave will hit us.

but goddamn, why do you spam things about banwave in this thread? This topic has NOTHING to do with "banwave yes/no"

It's about the gold-price, so please keep close to the topic and discuss.

48 hours is very short? 2 days worth of your entire roster not selling gold is not a considerable amount that should be feared? You seem to think there will always be a readied supply of buyers waiting to buy gold off the RMAH. There is a reason why the gold price is dropping.

yes, there is a reason: it is because the RMAH automatically sets a gold price LOWER than needed and every botter is following blinded.

No one of us has bigger amounts of gold in stash because if you WANT to sell, you get it sold.
So the market demand is still high enough.

As far as i'm concerned i already had many situations (just having not enough time) when my gold was in stash for 48 hours.
48 hours is just nothing.

I agree people would get nervous when they should queue Gold for 1 complete week, but 48 hours is definitely NO risk. Most of us already had some breaks in the last months of botting. This doesn't hurt...

 

[harleystcool]

sure i'll join ur goal, but when we all get it high i'm going to undercut you

 

[Dbuddy]

sure i'll join ur goal, but when we all get it high i'm going to undercut you

yeah, you understood the idea of a community based bot-forum.

there are few people willing to spend time and brain-power while 99,99% just try to annoy them. applause.
your 92 postings are as pointless, ugly and silly as your user-pic

anything else you want to mention mr. troll *?hem* cool?

 

[Polyester]

itt: delusional people.

 

[harleystcool]

yeah, you understood the idea of a community based bot-forum.

there are few people willing to spend time and brain-power while 99,99% just try to annoy them. applause.
your 92 postings are as pointless, ugly and silly as your user-pic

anything else you want to mention mr. troll *?hem* cool?

people will undercut you and fall apart, yet the idea of trying to control an economy is a long shot to begin with

 

[Dbuddy]

people will undercut you and fall apart, yet the idea of trying to control an economy is a long shot to begin with

controlling economy is just as ordinary for many business-people like switching your underwear every day.
i don't know why some DB Botter are afraid of it

WoW market can also be controlled easy when i remember my wow times..., there the auction house has often been controlled by a SINGLE person depending on realm...

Of course there is no guarantee that gold-seller wait 48 hours and sell at a reasonable and meaningful price (i cannot even give you a number what is "reasonable") but for a first attempt it would even be a great sucess seeing the gold-price raising. Knowing that the price will drop later. But then we got a proove and can handle it better.

 

[packard]

I'm also on the same boat as harley. Even if you did manage to get it up to $1 per million I would undercut your set price so I knew my gold was going to sell. As long as my gold is selling, I don't care for how much it's for.

 

[Dbuddy]

I'm also on the same boat as harley. Even if you did manage to get it up to $1 per million I would undercut your set price so I knew my gold was going to sell. As long as my gold is selling, I don't care for how much it's for.

why do many people think it's divided in several "boats"?
it's that easy to support the project and give it a try, just 48 hours. You get your gold sold. Everyone gets his gold sold, like i mentioned above.

This is Diablo 3, not "panic room"

If the gold-price is at 60 Cent due to OUR efforts and you want to untercut with 50 Cent then it still was a SUCCESS and proove.
Even if there are 20% douchebags undercutting and 80% not selling after 48hours and THEN undercutting with 50 cent.

Better than the actual 38 cent? Right?
Once again, do not panic when such an idea is coming up, relax, there are enough gold buyers.