I have been using this method to win those awesome items that always seem impossible to win in the auction house. This has earned me hundreds of millions in the past few weeks so I thought I'd share the wealth
Feedback would be awesome, cheers!
I just subscribed to that guy. Thanks for showing me the video. I never got into using the AH but I see myself using this method once I aquire enough gold to start being able to make such purchases.
Another fuck over the average player buy buying gear he could afford and then resell it 10x higher so he cant afford it. People like this are whats wrong with this game.
Another fuck over the average player buy buying gear he could afford and then resell it 10x higher so he cant afford it. People like this are whats wrong with this game.
What are you even trying to say? Are you saying that average players get mistreated? Are you saying people buy gear which improves their buying skill? Are you saying that he can afford the gear then resells it so he can't afford it anymore? I'm really trying hard here, but you just do not make any sense. At all.
While I have no serious moral issue with this practice, it is a problem. I too have had to start sniping because it is near impossible to win a bid without doing so.
The issue is....this practice potentially cost the seller millions of gold, as we saw in the vid. It is inherently dishonet and exploitative and should be fixed.
If a bid is entered in the last minute (or seconds) then the items should be given extra time (ideally 3-5 min) to allow others to raise on the bid. This would go on until the potential buyers have reached a maximum amount they're willing to pay, and the seller gets the full profit potential (and the true value) of his item.
To prevent small, nominal bids from keeping an item in limbo for hours, there could be a minimum raise value attached to anyone whom wishes to raise a bid once it's entered into extra time....say for example to raise the bid you must be willing to do so by X%.
I know a lot of folks are going to bitch at this proposition, but they would only be doing so out of selfishness. Yes, sniping is a way for you to make (as the OP said) millions of gold. But they are doing so at the expense of another persons loss, and that is inherently wrong.
1. ...this practice potentially cost the seller millions of gold, as we saw in the vid. It is inherently dishonet and exploitative and should be fixed.
2. ....But they are doing so at the expense of another persons loss, and that is inherently wrong.
1. Wrong!!! It doesn't cost the seller 1 gold!!! If someone puts an auction up for x gold bid price, then he is 100% aware that he would sell this item for x gold - 15% transaction fee. Sniping is a very common strategy in almost every auction (just look at ebay!).
Dishonest? Sniping is one of the honest ways to win an auction! You punish all the other "bidders", that did not bid honestly. Why?
Because honestly you should enter your max price when you bid. If you do so, the Sniper will not beat your bid, or he does, but he would win anyways because he wants to pay more than you. He is probably the only one who bids the max price (even if he does so in the last 5 seconds), while all the others wait until they got overbidden.
Just think about that!
2. It not at the expense of anyone! It is only seizing the posibility to purchase a probably underpriced item (because the majority of players do not look at bid prices).
You make good points, but what I would say to that is .....it's really really difficult to get a grip on what an item is truly worth, or rather, what they would be willing to pay for it. Looking at buyouts and bids on similar items gives a very false sense of value. Most people way overprice their gears and some people, out of ignorance, mistakenly post their items way too low.
I would also say that the practice of sniping has caused most buyers to set their starting price too high to prevent a loss to snipers. You do make a good point though about the ebb-and-flow, and really the only sellers suffering are either new to the game or aren't putting enough effort into placing their finger on the pulse of prices.
Giving more people more time to raise bids would not cause the seller to lose money.
When I had a belt on AH I started it @ 1.5mm. Within two hours it went up to 2.3mm and there it sat for 30 some hours without anymore bids. At the last second people (20-30...who knows how many) tried to snipe it....it closed at 2.6mm. Instead of a bid-war, there was a sniping contest, which didn't net me the amount I would have if sniping didn't exist.
Also, it's pretty evident that a hard close leads to a higher price than a soft close. In a hard close people will bid up to the price they are willing to pay, and if they don't get the item, it wasn't worth the gold anyways (in their opinion) and some bugger didn't get the item cheap. In case the price people are willing to pay is too low, someone is going to snipe the auction.
Precisely this. I know when I am sniping, I personally put in the highest amount I am willing to pay. If someone else out snipes me, grats to them, they were willing to pay more than I was. Anyone who's trying to snipe something they actually want (or intend to flip) that just bids the minimum bid over and doesn't bid to the maximum they are willing to spend is doing it wrong.
Giving more people more time to raise bids would not cause the seller to lose money.
When I had a belt on AH I started it @ 1.5mm. Within two hours it went up to 2.3mm and there it sat for 30 some hours without anymore bids. At the last second people (20-30...who knows how many) tried to snipe it....it closed at 2.6mm. Instead of a bid-war, there was a sniping contest, which didn't net me the amount I would have if sniping didn't exist.
Science is there for a reason. It has been proven in experiments that soft closes lead to lower end prices. If you don't want to understand that, fine but don't act like it's working that way. It clearly is not. Soft close auctions end in significantly lower prices than hard close auctions.
That simply is a scientific fact.
Now...to respond to someone that isn't a foolish troll child;
Hmmm... yea it may be that you're right and I'm just espousing ignorance about auctions, as I have never participated in any form of auction before. Never in a video game or online, for that matter.
As you eluded to, I suppose that any seller can protect himself from losing gold/money by setting the starting price at a better value.
I always post my auctions with the starting bid and the buyout the same price.
But that being said, people who have low starting bids have no right to complain if it sells for that starting bid. They knew it could sell for that when they posted it. Did they lose out on a lot of gold? Sure they did... but it was their choice to do so... not the snipers choice.
Just remember, you have total control of all your sales, not the buyer.
I always post my auctions with the starting bid and the buyout the same price.
But that being said, people who have low starting bids have no right to complain if it sells for that starting bid. They knew it could sell for that when they posted it. Did they lose out on a lot of gold? Sure they did... but it was their choice to do so... not the snipers choice.
Just remember, you have total control of all your sales, not the buyer.
I always post my auctions with the starting bid and the buyout the same price.
But that being said, people who have low starting bids have no right to complain if it sells for that starting bid. They knew it could sell for that when they posted it. Did they lose out on a lot of gold? Sure they did... but it was their choice to do so... not the snipers choice.
Just remember, you have total control of all your sales, not the buyer.
Feedback would be awesome, cheers!
http://www.youtube.com/watch?v=A9Tu5f_l0CI
My D3 Character: http://us.battle.net/d3/en/profile/Loras-1351/hero/29537054
What is dead may never die, but rises again harder and stronger.
Cheers man!
My D3 Character: http://us.battle.net/d3/en/profile/Loras-1351/hero/29537054
What is dead may never die, but rises again harder and stronger.
Cheers my friend!
My D3 Character: http://us.battle.net/d3/en/profile/Loras-1351/hero/29537054
What is dead may never die, but rises again harder and stronger.
haha! cheers
My D3 Character: http://us.battle.net/d3/en/profile/Loras-1351/hero/29537054
What is dead may never die, but rises again harder and stronger.
What are you even trying to say? Are you saying that average players get mistreated? Are you saying people buy gear which improves their buying skill? Are you saying that he can afford the gear then resells it so he can't afford it anymore? I'm really trying hard here, but you just do not make any sense. At all.
The issue is....this practice potentially cost the seller millions of gold, as we saw in the vid. It is inherently dishonet and exploitative and should be fixed.
If a bid is entered in the last minute (or seconds) then the items should be given extra time (ideally 3-5 min) to allow others to raise on the bid. This would go on until the potential buyers have reached a maximum amount they're willing to pay, and the seller gets the full profit potential (and the true value) of his item.
To prevent small, nominal bids from keeping an item in limbo for hours, there could be a minimum raise value attached to anyone whom wishes to raise a bid once it's entered into extra time....say for example to raise the bid you must be willing to do so by X%.
I know a lot of folks are going to bitch at this proposition, but they would only be doing so out of selfishness. Yes, sniping is a way for you to make (as the OP said) millions of gold. But they are doing so at the expense of another persons loss, and that is inherently wrong.
BurningRope#1322 (US~HC) Request an invite to the official (NA) <dfans> Clan
You make good points, but what I would say to that is .....it's really really difficult to get a grip on what an item is truly worth, or rather, what they would be willing to pay for it. Looking at buyouts and bids on similar items gives a very false sense of value. Most people way overprice their gears and some people, out of ignorance, mistakenly post their items way too low.
I would also say that the practice of sniping has caused most buyers to set their starting price too high to prevent a loss to snipers. You do make a good point though about the ebb-and-flow, and really the only sellers suffering are either new to the game or aren't putting enough effort into placing their finger on the pulse of prices.
BurningRope#1322 (US~HC) Request an invite to the official (NA) <dfans> Clan
It's called "theory" for a reason, I suppose.
Giving more people more time to raise bids would not cause the seller to lose money.
When I had a belt on AH I started it @ 1.5mm. Within two hours it went up to 2.3mm and there it sat for 30 some hours without anymore bids. At the last second people (20-30...who knows how many) tried to snipe it....it closed at 2.6mm. Instead of a bid-war, there was a sniping contest, which didn't net me the amount I would have if sniping didn't exist.
BurningRope#1322 (US~HC) Request an invite to the official (NA) <dfans> Clan
Precisely this. I know when I am sniping, I personally put in the highest amount I am willing to pay. If someone else out snipes me, grats to them, they were willing to pay more than I was. Anyone who's trying to snipe something they actually want (or intend to flip) that just bids the minimum bid over and doesn't bid to the maximum they are willing to spend is doing it wrong.
Now...to respond to someone that isn't a foolish troll child;
Hmmm... yea it may be that you're right and I'm just espousing ignorance about auctions, as I have never participated in any form of auction before. Never in a video game or online, for that matter.
As you eluded to, I suppose that any seller can protect himself from losing gold/money by setting the starting price at a better value.
BurningRope#1322 (US~HC) Request an invite to the official (NA) <dfans> Clan
But that being said, people who have low starting bids have no right to complain if it sells for that starting bid. They knew it could sell for that when they posted it. Did they lose out on a lot of gold? Sure they did... but it was their choice to do so... not the snipers choice.
Just remember, you have total control of all your sales, not the buyer.
This. End of discussion.
Yea...that's pretty well spoken and wise advice.
+1 for that
BurningRope#1322 (US~HC) Request an invite to the official (NA) <dfans> Clan