What's new
By:
  • Visit Rebornbuddy
  • Visit Panda Profiles
  • Visit LLamamMagic
  • Visit Resources
  • Visit Downloads
  • Visit Portal

Gold Price dropping... What do you think?

JimJohnsonBanMe4life said:
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.
Click to expand...

lol
 
Swazer said:
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.
Click to expand...

I'm actually running 3 bots and what I want to say telling that it's non profitable is that if you got banned too early, you will spend more money than you have won to start again with the same accounts.

For example: If you have 3 accounts and you spend 45 € on each digital version of the game and you pay 25 € for each bot license, so you spend 70 € for each D3 + DB, so it will be a total waste of 210 €. If you got banned in less than 1 month you will probably will be losing your money and starting again.

So, it's not the same to sell 120 milion at 0.40 per milion gold for 48 € (33,6 € with the 30% discount) it will help you so fast to recover from a possible ban instead of winning 40,8 € (28, 56 € with the 30 % discount) selling the gold at 0.34 € per milion (actual price). Imagine when it goes down to 0.25 € per milion.... Because the problem at the same time with this is that when you have a real good Legendary or Set Item that you can sell it for 150-200 milion, his value goes down too (I don't know why) but the price of so much really GOOD items decreased. For example a Legendary that the price could be 200 milion I don't know why but It goes down too to... more or less 90 milion? (It's an example)

Ending this, I want to say that it will always be profitable but you won't earn the amount of money that it makes REALLY profitable instead of "a little" profitable.

Another time, sorry for my worst english of the world xD

See you! ;)
 
I've just put 200m on RMAH for 0.4. Let's fight for our profits, lol.
 
Durrer said:
I've just put 200m on RMAH for 0.4. Let's fight for our profits, lol.
Click to expand...

I will do the same later.

Let's FIGHT ALL for our profits! :D This is a war and we MUST STOP this gold devaluation.
 
Simple supply and demand.

Only way to raise the price is if everyone in this thread purchases 50B gold each. Do it now.

Then I'll sell some of mine for higher.
 
5bil posted for 0.25/1mil.





Joking obviously, but point is that you won't get anywhere by posting your guild for higher price than actual price, only more demand (or less supply on long term) can rise the price.
 
JimJohnsonBanMe4life said:
LOL all you want. Its called SUPPLY and DEMAND. Blizzard won't nuke the stuff so the people creating the problem need to fix it. Its rather simple stop posting crap for cheap.
Click to expand...

It's it not SUPPLY and DEMAND if you have 1 party (blizzard), can create all the supply with a key stroke. Yes, they said they will never do it, just like the Federal Reserve said they have a strong dollar policy.
 
Blizzard has nothing to do with this, market is flooded and not to mention that because of duping prices went down, and they will drop until the duping is over.
Smart thing would be to buy it now maybe at 0.3 and stack few billions and resell in few weeks for 0.45+ and earn some big cash.
Also what makes the gold price drop is the new patch in my opinion, the legendary drop is so high that that ah is flooded with medium items, and they drop in price so much each day that the money needed to buy it has crazed down.
Just my 2 cents.
 
Prices in this type of environment will always fluctuate.

You'll have a few things happening.

1.) Someone will undercut massively and drop the price. Once that's done, it'll pop back up.
2.) Someone will undercut massively. People will follow suit, and the price will stay low. Then people will hold onto their gold until the price rises, which is will, since the supply will dwindle. Then it'll go up.
3.) Same as above, but taking less time, because people buy out the cheap gold to horde for later.
4.) People see gold is really cheap. They buy a ton while it's cheap, to buy items on GAH easier. Prices go up.


Gold doesn't expire. Personally, if the price stays low, I'll hang onto my gold. The only snag, is if you get banned before the price goes up...
 
Prices will continue to drop until the $0.25 floor at which point Blizz will probably drop the floor again. There will be ups and downs before it gets to the floor, especially if ban waves occur.
 
kandoo2 said:
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
Click to expand...

say what?? you think blizzard buys the gold to make more money? that doesn't work dude. Did you mean they are selling the gold?
 
This is what's happening/what will potentially happen (in my mind).

1) As it stands if nothing changes the price will eventually hit the .25 floor at which point if the market supply of gold ever gets to the point where it will not sell easily blizzard will lower the price floor and it will keep going down to whatever that is.

2) Or if Blizzard finds a way to stop the asians who flood our market then the price will go back up to around .5 (which we saw it do when they shut down asian access to the RMAH just recently) and hover around there. I would wager that 80% of the gold put into the RMAH is from asian bots and not us/general playing public.

3) Blizzard change the AH so that when you post an item it doesn't try to undercut it just price matches in which case the gold will probably continue to go down towards .25 but it will take about 100 times as long as option 1.

I still believe if all the botters stopped undercutting and agreed on a fixed price we could raise the gold price permenantly. Hell if people just matched the current price instead of going under 0.01 cents like the AH auto inputs then the price of gold would be A LOT higher currently.
 
Gold price plummet becuase asians resumed farming with several thousands of their bots after recent banwave.
 
The price is already going up again slowly but surely. It reached a bottom of 32 or 33 and it's now at 34.
 
Riverboa said:
The price is already going up again slowly but surely. It reached a bottom of 32 or 33 and it's now at 34.
Click to expand...

maybe it will reach 35 or even 36 before going down way below 32 again.
 
JimJohnsonBanMe4life said:
LOL all you want. Its called SUPPLY and DEMAND. Blizzard won't nuke the stuff so the people creating the problem need to fix it. Its rather simple stop posting crap for cheap.
Click to expand...

You seem to fail to grasp the "demand" part. There's a reason for so much junk on the AH, because it's junk. There's no "demand" for it, hence it becomes "oversupplied". You do realize each account has 10 slots max right? Can you even grasp how many accounts are required to create this junkyard of junk? What makes you so sure that most of it comes from bots?

Think a little bit before trying to sound like you know something.
 
You must log in or register to reply here.
Back
Top