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Topic: Cash for Gold! (Read 54544 times)
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Trippy
Administrator
Posts: 23657
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I expect that there will be some kind of floor built into their pricing algorithm. Yes I would expect Blizzard's algorithm has both floors and ceilings for how much the price can change in a certain time period. |
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« Last Edit: April 08, 2015, 03:14:07 PM by Trippy »
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Xanthippe
Terracotta Army
Posts: 4779
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On Korgath, the price opened at 30,000g and it is now at 31,218g four hours later. Predictions on it going up or down in a month?
And right now, a day later, it is 21,307g. |
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Merusk
Terracotta Army
Posts: 27449
Badge Whore
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Yeah it's totally not the AH, even though it's sold through the AH. I sold one for 31,215 as the gold was in my mail when I got home today. The current listing is 21,094 so it made 10k gold to make up for that.
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The past cannot be changed. The future is yet within your power.
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SurfD
Terracotta Army
Posts: 4039
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Yeah it's totally not the AH, even though it's sold through the AH. I sold one for 31,215 as the gold was in my mail when I got home today. The current listing is 21,094 so it made 10k gold to make up for that.
If i remember correctly, the price you list it at is the price YOU get for it when someone else buys it, even if the purchase price goes down between the time when you list your token and someone buys it. Not sure if it works in reverse (ie, if you list one at 20k and the price goes up before someone buys yours, do you only get 20k, or do you get the increased price). |
Darwinism is the Gateway Science.
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Xanthippe
Terracotta Army
Posts: 4779
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The price went back up to 24,000 or so earlier this week, but when I just checked it (Sunday noonish pacific time) it's at 21,928.
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Merusk
Terracotta Army
Posts: 27449
Badge Whore
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Yeah looks like it's never going to hit 30k again. Amusing.
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The past cannot be changed. The future is yet within your power.
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Paelos
Contributor
Posts: 27075
Error 404: Title not found.
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I'm still not sure how this thing works but obviously it's not what I was thinking.
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CPA, CFO, Sports Fan, Game when I have the time
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Xanthippe
Terracotta Army
Posts: 4779
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Well, you can't speculate - i.e., buy tokens for gold and then resell them. I think that has something to do with the surprising price drop. (At least, surprising to me).
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Rendakor
Terracotta Army
Posts: 10138
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Why can't you speculate? Are they not resellable?
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"i can't be a star citizen. they won't even give me a star green card"
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Xanthippe
Terracotta Army
Posts: 4779
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When you buy them for gold, they become soulbound to you.
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Rendakor
Terracotta Army
Posts: 10138
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Ah, ok.
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"i can't be a star citizen. they won't even give me a star green card"
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Merusk
Terracotta Army
Posts: 27449
Badge Whore
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Yep, the only speculation you can do is, "If I wait until <day> the market typically peaks/nadirs so I can get/save more gold" Then you purchase for whatever side you were going for.
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The past cannot be changed. The future is yet within your power.
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