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....
They didn't research it. Before you were able to sell gold on the RMAH, you could already click on "Sell gold" at the selling tab, it was already limited at €0.25 (and apparently $0.30). The "Create auction" button was still greyed out back then, but the price was already limited.
Botters are selling at half price because they feel the banwave coming on... it doesn't have anything to do with the price Blizzard set. Once things settle down they'll sell 1 million for as much as they can ($2.50) except they'll get to keep the 15% Blizzard takes and whatever PayPal takes. Making it still better to buy from 3rd party sites if you feel it's safe.
And yeah... you can see what happened now. They were waiting to release this feature until they got rid of botters (hence the recent banwave). Except it seems like they didn't actually get that many, so it was a weak attempt at clearing house.
I guess if everyone is unwilling to pay $2.50 from the start the 3rd party sites will sell for less than that. But $2.50 isn't so extremely unreasonable that it would come to that. The only way it would go lower is if botters add massive amounts of gold to the economy.
that will cause plenty of people to choose it over 3rd party
unless you want to argue that the only people who ever use rmah are ones that used 3rd party sites anyways? that no new buyers exist because of the rmah?
first of all alot of people dont want to buy from 3rd party sellers. and more importantly a fix minimum is actually pretty smart too keep inflation in check, which of course only works if they constantly ban botters.
it's the right way to go..then again in a world where countries print money to stop economic meltdowns you can't really expect people to think about stuff like inflation.
I dont believe you can keep the inflation in check with a fixed minimum even if you ban the botters. Prices dont jive in the RMAH and GAH, just like gems, you can buy the same gems in the GAH for 5K gold and they sell for .$25 on the RMAH. Who in their right mind would pay $.25 for a 5K gold item.
Im just glad i sold all my items before this to net $250 in real money. Saw this coming.
It's going to be very hard to sell gold on th RMAH. Gold sellers who have billions of gold in their inventories will keep it listed on the AH where they can get more than they could through their websites. I'm not sure how the AH mechanics work but I assume there is a queue of people waiting to sell their gold and the oldest listings get sold first when a customer wants to buy.
Love the game... but this is not going to stop third party gold vendors. Well, if blizzard were to completely eliminate third party vendors they would also lose a lot of revenue from them constantly buying new accounts lol.
Supply and Demand will always work itself out. Gold will continue to inflate but at some magical point the 15% of all auctions and other gold removal systems will equal the amount of gold being created on the server and infaltion will stabilize at that point. This may not be for a while but its pretty much guaranteed to happen. Is it frustrating? Yep. My advice is don't sit on your gold, invest it properly and get a nice return as it will be going down in value. Figuring out how to do that is the hard part.
well my first thought is, you realize that the gold selling bots, they are/have been making 1000's of dollars in pure profit for months now, so now that you can buy gold, i imangine a lot of them can easily just be like a normal player, and buy up the cheaper gold for real money, and then double it up and sell it on thier site, i'm sure there is a profit margin, and some have figured out all the %, but maybe its a different angle on this topic, or maybe i am missing something
so if anything its letting the gold companies gain even more gold, quicker if they so choose, they can control the whole thing now, and will continue to make profit either way...so in the end blizz made a huge leap forward, but really had a few step backwards
$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.
Not if they have better items, or a wider selection of items, and it is cheaper. Sad, I know.
I do like what some guy said, if you need to spend $60 on items to help you in a game, you might as well just buy another game.
Supply and Demand will always work itself out. Gold will continue to inflate but at some magical point the 15% of all auctions and other gold removal systems will equal the amount of gold being created on the server and infaltion will stabilize at that point. This may not be for a while but its pretty much guaranteed to happen. Is it frustrating? Yep. My advice is don't sit on your gold, invest it properly and get a nice return as it will be going down in value. Figuring out how to do that is the hard part.
Which other gold removal systems? dying? Gem creation and crafting? simply too much gold is being generated and the only time it will hit the "magic number" is when people(and bots) stop doing runs or stop playing. Im almost certain that gold will be useless or you will need billons for the top items in the game. You will have to barter as we used to do in D2.
I don't think buying illegal gold and selling it on RMAH will be a viable option. It takes about 2 days for RMAH transactions to go through which I assume Blizz uses to decide the validity of the seller or buyer. If anything I would assume this would hurt gold sellers and buyers alike.
Supply and Demand will always work itself out. Gold will continue to inflate but at some magical point the 15% of all auctions and other gold removal systems will equal the amount of gold being created on the server and infaltion will stabilize at that point. This may not be for a while but its pretty much guaranteed to happen. Is it frustrating? Yep. My advice is don't sit on your gold, invest it properly and get a nice return as it will be going down in value. Figuring out how to do that is the hard part.
Turn it into Cash, and take a break from teh game. When they fix this mess, and gold becomes stable(in 3-5 months) I plan to come back.
They didn't research it. Before you were able to sell gold on the RMAH, you could already click on "Sell gold" at the selling tab, it was already limited at €0.25 (and apparently $0.30). The "Create auction" button was still greyed out back then, but the price was already limited.
And yeah... you can see what happened now. They were waiting to release this feature until they got rid of botters (hence the recent banwave). Except it seems like they didn't actually get that many, so it was a weak attempt at clearing house.
I guess if everyone is unwilling to pay $2.50 from the start the 3rd party sites will sell for less than that. But $2.50 isn't so extremely unreasonable that it would come to that. The only way it would go lower is if botters add massive amounts of gold to the economy.
that will result in 2m prices on 400 dps weapons
this will break economy for a long time.
that will cause plenty of people to choose it over 3rd party
unless you want to argue that the only people who ever use rmah are ones that used 3rd party sites anyways? that no new buyers exist because of the rmah?
I dont believe you can keep the inflation in check with a fixed minimum even if you ban the botters. Prices dont jive in the RMAH and GAH, just like gems, you can buy the same gems in the GAH for 5K gold and they sell for .$25 on the RMAH. Who in their right mind would pay $.25 for a 5K gold item.
Im just glad i sold all my items before this to net $250 in real money. Saw this coming.
Legalized highway robbery imho
Robbery? Oh, I didn't know Blizzard was forcing us to buy gold.
so if anything its letting the gold companies gain even more gold, quicker if they so choose, they can control the whole thing now, and will continue to make profit either way...so in the end blizz made a huge leap forward, but really had a few step backwards
Not if they have better items, or a wider selection of items, and it is cheaper. Sad, I know.
I do like what some guy said, if you need to spend $60 on items to help you in a game, you might as well just buy another game.
Which other gold removal systems? dying? Gem creation and crafting? simply too much gold is being generated and the only time it will hit the "magic number" is when people(and bots) stop doing runs or stop playing. Im almost certain that gold will be useless or you will need billons for the top items in the game. You will have to barter as we used to do in D2.
Turn it into Cash, and take a break from teh game. When they fix this mess, and gold becomes stable(in 3-5 months) I plan to come back.
i sold 35m already at eu