The floor effectively limits to players from falling to match the bots so the minimum value for gold is now confirmed. I don't expect the bots to drop in price but it is possible that a surge in demand for legal gold could drive the price up. I parked several sell orders at a few price levels just in case the price starts to rise on RMAH
Problem is I don't think much gold is selling on the RMAH. You've done what several people have done, and the minimum value isn't even selling. I wish you luck though.
anyone notice the bot spamming gold prices have gone up? it was $1 per million. now I'm seeing it right around $1.70-$1.80 per million and no one is going under that.
Blizzard is only helping the bot companies make more money by allowing gold sales on the RMAH.
anyone notice the bot spamming gold prices have gone up? it was $1 per million. now I'm seeing it right around $1.70-$1.80 per million and no one is going under that.
Blizzard is only helping the bot companies make more money by allowing gold sales on the RMAH.
the bot spamming gold prices will go up because the bots will all get banned, thus reducing greatly their gold supplies.
the bot spamming gold prices will go up because the bots will all get banned, thus reducing greatly their gold supplies.
Pretty sure the accounts doing the spamming have no gold. So if they get banned then oh well they don't care. And they transfer the gold around enough times to confuse blizzard on where it actually came from. It would be stupid for them to put all the gold on one account.
the bot spamming gold prices will go up because the bots will all get banned, thus reducing greatly their gold supplies.
Pretty sure the accounts doing the spamming have no gold. So if they get banned then oh well they don't care. And they transfer the gold around enough times to confuse blizzard on where it actually came from. It would be stupid for them to put all the gold on one account.
i was talking about the gold botters, blizzard have already started to ban them massively. go watch last kripp video, he has good insight on the situation.
Bob: "You know how we're selling out gold for half the price Blizzard is?"
Mike: "Yeah."
Bob: "We don't have to keep selling it for so low."
Mike: "You're right! Let's bump it up from 50% of their price to 90%!"
Bob: "Genius. We will still retain our customers because we are cheaper but now we're maximizing our profits!"
tl:dr predicting website prices re-zero out according to Blizzard's minimum to maximize profits.
Your scenario works only if bob and mike are only competing with blizzard. There is a reason bob and mike were only selling gold at the price they had it, and it's because that was the point where they were already maximizing profits. There are more gold sellers than bob and mike, and they all have to fight for our dollar.
My scenario was the dumbed down process that will stretch over X amount of day/weeks/months that the websites, represented as the single entity within Bob and Mike as the "non-blizzard sellers", will raise their prices as a whole slowly but surely since they know there is larger profit margin the entire enterprise can agree to tap into via this slow increase to whatever each outlet feels is the highest margin they feel comfortable will maintain the customer flow they want. It's exactly how almost all markets work and I don't see a reason this won't do the same as these websites only have a limited amount of gold to sell since RMAH is the best sell price despite websites being the best buying price.
But I don't expect all my metaphors to be understood all the time.
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"Anything I say can't, and won't be used against me because if they understood my point, they'd have given up theirs." -Christopher Hitchens
Bob: "You know how we're selling out gold for half the price Blizzard is?"
Mike: "Yeah."
Bob: "We don't have to keep selling it for so low."
Mike: "You're right! Let's bump it up from 50% of their price to 90%!"
Bob: "Genius. We will still retain our customers because we are cheaper but now we're maximizing our profits!"
tl:dr predicting website prices re-zero out according to Blizzard's minimum to maximize profits.
Your scenario works only if bob and mike are only competing with blizzard. There is a reason bob and mike were only selling gold at the price they had it, and it's because that was the point where they were already maximizing profits. There are more gold sellers than bob and mike, and they all have to fight for our dollar.
My scenario was the dumbed down process that will stretch over X amount of day/weeks/months that the websites, represented as the single entity within Bob and Mike as the "non-blizzard sellers", will raise their prices as a whole slowly but surely since they know there is larger profit margin the entire enterprise can agree to tap into via this slow increase to whatever each outlet feels is the highest margin they feel comfortable will maintain the customer flow they want. It's exactly how almost all markets work and I don't see a reason this won't do the same as these websites only have a limited amount of gold to sell since RMAH is the best sell price despite websites being the best buying price.
But I don't expect all my metaphors to be understood all the time.
Either way, monopoly is implied. It doesn't work like that in a pure free market, specifically because it's not zero sum. As long as there are more than 2 competitors to blizzard, prices will not be fixed. Just ask them nicely, they might even tell you that
Some of the gold seller's inv could be comprised of mainly stolen and prenerf bot gold. These may not intend stay long in the business after they clear out their stock, hence the very low prices. Those who want to stay in the business will now take into account the 0.25 ceiling for realistic profit, the potential uncertainties in securing inv and potential bans.
Its not certain by any means but I expect gold prices to rise slowly and stabalize at or slightly higher than minimum price.
Herro...I Chinese Grold Scheller. You make wundurfrul purchases of number one grold today, prease, and get a free hack job for most awesome Amarykin account, prease.
$3 per million is still too expensive. For a lot of people upgrades are at around 20 million. So that's $60 per upgrade? I don't think so.
Seems like the high cost will encourage use of the RMAH to buy items as opposed to using gold as the go-between.
If you need 20 million for an upgrade, and that same item is sold for like $35 on the RMAH, you're moving to the RMAH.
As much as people criticize the RMAH, if people flock to it as the main source of trade, gold farmers could be nearly negated, which may be what Blizzard is looking for.
Arbitage will limit the gold/RMAH price disparity for items though, I will personally not hesitate to buy up all the underpriced RMAH items and profit in the GAH assuming there is a stable exchange rate (currently there isn't as everyone is doing a wait and see)
$3 per million is still too expensive. For a lot of people upgrades are at around 20 million. So that's $60 per upgrade? I don't think so.
Seems like the high cost will encourage use of the RMAH to buy items as opposed to using gold as the go-between.
If you need 20 million for an upgrade, and that same item is sold for like $35 on the RMAH, you're moving to the RMAH.
As much as people criticize the RMAH, if people flock to it as the main source of trade, gold farmers could be nearly negated, which may be what Blizzard is looking for.
Yep. They are trying to keep the value of gold from plummeting by setting the legitimate standard.
Myself, I get my gold for free and all I have to do is play the game I love to do so. No, I don't get to hand pick what I use and it makes it more challenging....OH SHIT, I said "challenging"....we can't have that, can we?
If you buy anything with real money your character should have a scarlet letter visibly applied to their forehead so everyone will know the short-cut taking half-asses when they see them.
$3 per million is still too expensive. For a lot of people upgrades are at around 20 million. So that's $60 per upgrade? I don't think so.
Seems like the high cost will encourage use of the RMAH to buy items as opposed to using gold as the go-between.
If you need 20 million for an upgrade, and that same item is sold for like $35 on the RMAH, you're moving to the RMAH.
As much as people criticize the RMAH, if people flock to it as the main source of trade, gold farmers could be nearly negated, which may be what Blizzard is looking for.
First off, the front page of this sat says 30 cents per 100k. In the game its actually 25 cents per 100k making it 2.50 per million.
Second, you don;t have to buy gold to buy your upgrades, you could just, i dunno, earn the gold in game like we have been since release by doing the same things we have been doing? I dunno, I think that would work for anyone without some kind of mental disorder.
Third, and most importantly, I dunno if people really are just too stupid to know how the RMAH works or not, but you can be selling shit on RMAH at no cost to you. It only costs when it sells and the money is taken out of the proceeds. So you could be selling yrou own gold to stupid people and using the RMAH funds to buy upgrades. Hell, you could just sell all the really really good drops you get on RMAH, the okay drops on GAH, list your gold for sale on RMAH and profit.
Do people every "think" before making idiotic threads like this just whining like babies over stuff they don;t even fully understand?
I have already sold 40 million gold on RMAH for 2.50 per million. I have also sold a bunch of normal drops on the GAH for more gold than I normally would have thus making more gold to relist on the RMAH. This shit is pure win for anyone with more than a handful of brain cells and a little common sense.
Blizzard really expects to keep people off 3rd party sites by ensuring the price can't drop below a certain point? Ughhh... their short sighted greed/logic is sometimes hard for even a fan boy such as myself to not shake my head in disbelief. That is a hugely inflated cost for such a tiny sum of gold. /complaint
If Blizzard catches you buying gold off one of those sites they can ban your account. And don't say they can't catch you because they track gold exchanges over certain amounts. I have already run into people that have been banned from D3 for gold buying. Its the same system they have in WoW, if you trade or mail gold of certain amounts you are flagged.
Blizzard needs to remove buying lots of 100k, and make it 1m instead, the price will be more realistic as the bare minimum is 25c and blzz enforces it so it can't go lower, so that's the "hard cap" as it were to the price drop.
Arbitage will limit the gold/RMAH price disparity for items though, I will personally not hesitate to buy up all the underpriced RMAH items and profit in the GAH assuming there is a stable exchange rate (currently there isn't as everyone is doing a wait and see)
Yeah you're right.
Gold is permanently propped up by the preset exchange rate so long as the price is remotely reasonable. So I take back what I said lol... people will definitely pay $2.50. And the gold selling sites are meaningless because there's no incentive to sell it for less than $2.50 outside the game unless they're being monitored in someway or something.
What's really interesting is how you can list things for much more than $250 on the GAH. So truthfully, the GAH will still remain the primary Auction House.
So when it comes to Blizzard making money off the RMAH, it's all going to be through gold, not item sales. At that point there will be no reason to list items on the RMAH really.
Of course the entire thing is based on whether people choose to buy gold with real money or farm it themselves. If there's a legitimate market for buying gold (there definitely will be, because people buy items all the time) the item prices (in the $ equivalent of gold) should actually be pretty high.
Gold on 3rd party will always be cheaper, no matter if there will be bottom limitations, or not. The reason for that is double 15% Blizzard fee. The only thing this brings is hope for stronger reaction against 3rd party gold sellers and their armies of bots.
This is true unfortunately. However, wouldn't most people just pay the 15% for the added security and safety of the RMAH versus getting their account banned or ID stolen?
Aside from the fact that botters are selling for half price, I would venture to guess the devs have been tracking the prices of similar items and comparing the prices across the AHs and found $2.5 per mil as the correct price. The lowest items I've sold on the RMAH were worth at least 2m on the gold AH, and I didn't get much more than minimum bid....
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Problem is I don't think much gold is selling on the RMAH. You've done what several people have done, and the minimum value isn't even selling. I wish you luck though.
Blizzard is only helping the bot companies make more money by allowing gold sales on the RMAH.
the bot spamming gold prices will go up because the bots will all get banned, thus reducing greatly their gold supplies.
Pretty sure the accounts doing the spamming have no gold. So if they get banned then oh well they don't care. And they transfer the gold around enough times to confuse blizzard on where it actually came from. It would be stupid for them to put all the gold on one account.
i was talking about the gold botters, blizzard have already started to ban them massively. go watch last kripp video, he has good insight on the situation.
But I don't expect all my metaphors to be understood all the time.
Either way, monopoly is implied. It doesn't work like that in a pure free market, specifically because it's not zero sum. As long as there are more than 2 competitors to blizzard, prices will not be fixed. Just ask them nicely, they might even tell you that
Its not certain by any means but I expect gold prices to rise slowly and stabalize at or slightly higher than minimum price.
BurningRope#1322 (US~HC) Request an invite to the official (NA) <dfans> Clan
Seems like the high cost will encourage use of the RMAH to buy items as opposed to using gold as the go-between.
If you need 20 million for an upgrade, and that same item is sold for like $35 on the RMAH, you're moving to the RMAH.
As much as people criticize the RMAH, if people flock to it as the main source of trade, gold farmers could be nearly negated, which may be what Blizzard is looking for.
Yep. They are trying to keep the value of gold from plummeting by setting the legitimate standard.
Myself, I get my gold for free and all I have to do is play the game I love to do so. No, I don't get to hand pick what I use and it makes it more challenging....OH SHIT, I said "challenging"....we can't have that, can we?
If you buy anything with real money your character should have a scarlet letter visibly applied to their forehead so everyone will know the short-cut taking half-asses when they see them.
BurningRope#1322 (US~HC) Request an invite to the official (NA) <dfans> Clan
First off, the front page of this sat says 30 cents per 100k. In the game its actually 25 cents per 100k making it 2.50 per million.
Second, you don;t have to buy gold to buy your upgrades, you could just, i dunno, earn the gold in game like we have been since release by doing the same things we have been doing? I dunno, I think that would work for anyone without some kind of mental disorder.
Third, and most importantly, I dunno if people really are just too stupid to know how the RMAH works or not, but you can be selling shit on RMAH at no cost to you. It only costs when it sells and the money is taken out of the proceeds. So you could be selling yrou own gold to stupid people and using the RMAH funds to buy upgrades. Hell, you could just sell all the really really good drops you get on RMAH, the okay drops on GAH, list your gold for sale on RMAH and profit.
Do people every "think" before making idiotic threads like this just whining like babies over stuff they don;t even fully understand?
I have already sold 40 million gold on RMAH for 2.50 per million. I have also sold a bunch of normal drops on the GAH for more gold than I normally would have thus making more gold to relist on the RMAH. This shit is pure win for anyone with more than a handful of brain cells and a little common sense.
If Blizzard catches you buying gold off one of those sites they can ban your account. And don't say they can't catch you because they track gold exchanges over certain amounts. I have already run into people that have been banned from D3 for gold buying. Its the same system they have in WoW, if you trade or mail gold of certain amounts you are flagged.
Yeah you're right.
Gold is permanently propped up by the preset exchange rate so long as the price is remotely reasonable. So I take back what I said lol... people will definitely pay $2.50. And the gold selling sites are meaningless because there's no incentive to sell it for less than $2.50 outside the game unless they're being monitored in someway or something.
What's really interesting is how you can list things for much more than $250 on the GAH. So truthfully, the GAH will still remain the primary Auction House.
So when it comes to Blizzard making money off the RMAH, it's all going to be through gold, not item sales. At that point there will be no reason to list items on the RMAH really.
Of course the entire thing is based on whether people choose to buy gold with real money or farm it themselves. If there's a legitimate market for buying gold (there definitely will be, because people buy items all the time) the item prices (in the $ equivalent of gold) should actually be pretty high.
*puts hard-cap of 25 cents on gold*
wtg blizz, wtg.
This is true unfortunately. However, wouldn't most people just pay the 15% for the added security and safety of the RMAH versus getting their account banned or ID stolen?
I would think so...