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Gold Price dropping... What do you think?

Johnnylop

Johnnylop

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Hello,

Does someone knows what happened to the gold price that dropped in 2 days from 0.40 milion to 0.34?

What's happening here? :S If this continues on this way this won't be profitable as soon as the gold price drops a little bit more... and this is a really low price...

I think this have an ending date... and this will be soon :(

Since as the max that gold can drops it's to 0.25 per milion this is not profitable as well...

What do you think that is going to happen?

Sorry for my baaaad english ;)

Sincerely,

John
 
you would be okay it will go up and down like the real life
 
The reason is that some insane retard posted a huge pile of gold with price 0.33 undercutting 0.39 by a lot. Of course he had to post like 3+ billion of gold because it would go back to normal value quite fast.
It didn't , and other people started to post at this price. Now the price of gold is as you can see.
 
So, do you think it will go up another time ;) Thanks people.

I remember that the last month was at 0.55 cent per milion but it only goes down, I don't think that it will reach 0.55 per milion another time but maybe it goes to 0.40 another time. Hope so... :(

Thanks!!
 
So, what can we do to make the gold price higher than it's right now? We can do nothing... because people won't post gold price to 0.40 when it's on 0.34 so by this way the gold will only go down and down and down... lower than yesterday all the time.

It's supposed that if a big amount of people post gold higher than the actual price the gold will increase massively?

I really don't understand how the gold system is working. I want to say that, who really buys the gold that you post on? It's Blizzard who buys the gold for the price that you post and resell it 2 or 3 cent higher so they will gain amount of $ / € by this way doing this with thousand of people?.

Or how is it supposed to be the system of gold selling/buying?

I really appreciate your comments here ;)
 
well when it cant go lower ppl will start realizeing that the price have to go up or the price will get reset by blizzard.
 
Blizzard is Involved with the gold selling and stuff cuz most gold on rmah is blizzard buying to get higher profit of game but if the price goes to low they will reset the gold ammount price for a time seeing it drop like a stone again like always... if you dont see the price go up in the next few days plz do a Whisper to me on forum and i will se what i can find out in the meanwhile
 
Okay, if the gold price don't get higher in some days I will send you a private on the forum :P hehe

Thanks man ;)

Hope that the gold price goes higher on the next few days for the good of all of us :)
 
I can't say that I'm an expert in this but isn't it quite naturally that the price of gold goes down?
Considering that more gold is farmed each day and we can also assume that there's more people trying to sell gold through RMAH.
I can also imagine that there isn't that many buyers on gold as it is sellers, which will lead to unsold gold which will reduce the price even further.

I believe the price on gold will go down to a point where many players will find it more profitable to buy gold rather than farming it themselves.

Also, I want to ask the thread-starter, how can the reduced price be "non-profitable"?
I don't know how many bots you got or anything but unless you are botting to make it up for the price of elecricity, the bot and d3 game you can't say it's not profitable.
All you do is having the computer on 24/7 while the bot does the rest. With the reduced price you just have to bot for a longer time to make som kind of profit.
So with the reduced price of gold it makes botting LESS profitable.

I may be totally out of line but this is my thoughts.
 
You are Right man but blizzard is trying hard to solve that atm
 
I think it's just a matter of time until gold prices drop to 25cent/million and people have trouble selling it because there's not enough buyers.
 
Blizzard did mistake - tons of mid items are for 10-50k. Hope they thinking now how to fix it, because it is not good for them also
 
I will post 300mil for .4 (eu). Lets just post today a lot for higher price (if u dont want to sell today).
 
Johnnylop said:
So, what can we do to make the gold price higher than it's right now? We can do nothing... because people won't post gold price to 0.40 when it's on 0.34 so by this way the gold will only go down and down and down... lower than yesterday all the time.

It's supposed that if a big amount of people post gold higher than the actual price the gold will increase massively?

I really don't understand how the gold system is working. I want to say that, who really buys the gold that you post on? It's Blizzard who buys the gold for the price that you post and resell it 2 or 3 cent higher so they will gain amount of $ / ? by this way doing this with thousand of people?.

Or how is it supposed to be the system of gold selling/buying?

I really appreciate your comments here ;)
Click to expand...


Stop selling anything that is not worth 1 mil + to the gah. If it is under 1 mil vendor it.

All these people flooding GAH with items for 50-150k crap items just trying to dump stuff they find actually HURT the gold market. Remove all the stuff they can buy for nothing forces them to buy something for a chunk of gold. This in turn means it takes more gold to buy things so the gold you sell on the RMAH is worth more.

Several threads people have been talking about manipulation the market. This would be the first step to raising the value of gold.
 
solokazama said:
Blizzard did mistake - tons of mid items are for 10-50k. Hope they thinking now how to fix it, because it is not good for them also
Click to expand...


Blizzard did not do this.. The farmers did this because instead of selling only GOOD items they have flooded the market with eh items. But when people see an eh item that works for 10-500k they buy it since its cheap vs a good item that is 5-10m+


All you people with skeet ton of gold. Go buy out the auction house anything under 10k that is lvl 60+ then vendor it. Repeat till you are up to 500k then till 1mil.
 
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