Gold price dropping to $0.25/million tommorrow

[xtrmxtrm]

Price will drop since there is only a few people playing d3. Just wait one or 2 months until they all got bored of farming without getting a shit, and they will go out to other new games.

[Bgreen12]

I was assuming this would happen from day 1 and frankly I'm surprised the gold prices stayed as high as they did for that long. I'm glad I farmed and sold gold when it was 20-30 dollars per mil. D3 is no longer a farm for loot game its a farm for gold game to buy best items with gold. That's what ruined it

[Trotz]

Honestly if i learned one thing playing wow, the guys at blizzard are masterminds when it comes to retaining their playerbase. Sure prices will drop (though doller per hour wont so drasticly imo) but id be surpriced if diablo would die out so soon.

[gatoqueri]

lol all those armchair economists spreading doom and gloom. How wrong they were...

Not even a week past the last alarmist prediction. Lets see how much time it will stay in the 1.80 area.

[Soullinker]

Well it looks like gold will drop fast in matter in days now if the trend continues.

I get this info on very fast observation on the EU RMAH gold market. Gold was stable around 1,41-1,46 mark for around a week which i considered to be a peak at first due to hipe about the new patch, but later believed that could hold on a as stable price.
However my opinion on the matter had changed due to couple of factors:
1.My initial believe that the price will hold was quite naive due to the time span that it was measured on. 1 week after such a drastic change to the market is not nearly enough to deduct any conclusion.
2. Many factors are beneficial to the drop in price. It quite easy to see what they are,but to sum it fast the game is not good enough with enough items and gold sinks.
2.1 The Pargorn level system is a sure slow but deadly killer after people start running around with enough MF and GF and extremely good gear each person will be self sufficient for gearing and gold farming. It may even come to point where gold is worthless, because you get farm more than you spend. The Ah will be filled only by the best items there are for staggering amount of gold(in attempt to make gold have some kind of value). Of course gold farming will be dead by that point and item farming on its dying bed. Of course there is allot of time before the average Joe is lv 90 Paragorn, but we will be approaching that scenario with each day. Unless Blizzard does something to make a HUGE gold sink and somehow make items get out of the economy(even the good ones). At first crafting was supposed to be the remedy, but as we know its useless.
2.2. Diablo as whole is not that good game. Plain as that i has failed at providing constant entertainment or at least keep people playing it for hours every day(just like wow used to do). As a result many people are complain about the game and drop of without a strong enough stream of fresh blood getting in.
2.3. Diablo is kind of like a movie you watch it and your done, nothing to do at the end of the game. As soon you realize that you farm items to be able to farm more items and your fed up. As whole not allot of content.
3. The simple sellers competition. This point is quite simple, seller(read botters) keep getting more and more acc to farm more gold to increase there profits as a result smaller bot farms get left behind.

Now taking in to account these point is easy to see how unless Blizzard takes drastic steps to help the economy by screwing the little man its all going to hell

[keysaler]

Well it looks like gold will drop fast in matter in days now if the trend continues.

I get this info on very fast observation on the EU RMAH gold market. Gold was stable around 1,41-1,46 mark for around a week which i considered to be a peak at first due to hipe about the new patch, but later believed that could hold on a as stable price.
However my opinion on the matter had changed due to couple of factors:
1.My initial believe that the price will hold was quite naive due to the time span that it was measured on. 1 week after such a drastic change to the market is not nearly enough to deduct any conclusion.
2. Many factors are beneficial to the drop in price. It quite easy to see what they are,but to sum it fast the game is not good enough with enough items and gold sinks.
2.1 The Pargorn level system is a sure slow but deadly killer after people start running around with enough MF and GF and extremely good gear each person will be self sufficient for gearing and gold farming. It may even come to point where gold is worthless, because you get farm more than you spend. The Ah will be filled only by the best items there are for staggering amount of gold(in attempt to make gold have some kind of value). Of course gold farming will be dead by that point and item farming on its dying bed. Of course there is allot of time before the average Joe is lv 90 Paragorn, but we will be approaching that scenario with each day. Unless Blizzard does something to make a HUGE gold sink and somehow make items get out of the economy(even the good ones). At first crafting was supposed to be the remedy, but as we know its useless.
2.2. Diablo as whole is not that good game. Plain as that i has failed at providing constant entertainment or at least keep people playing it for hours every day(just like wow used to do). As a result many people are complain about the game and drop of without a strong enough stream of fresh blood getting in.
2.3. Diablo is kind of like a movie you watch it and your done, nothing to do at the end of the game. As soon you realize that you farm items to be able to farm more items and your fed up. As whole not allot of content.
3. The simple sellers competition. This point is quite simple, seller(read botters) keep getting more and more acc to farm more gold to increase there profits as a result smaller bot farms get left behind.

Now taking in to account these point is easy to see how unless Blizzard takes drastic steps to help the economy by screwing the little man its all going to hell

Basically to sum it up it's just supply and demand and the big botting farms are too stupid to see that they will be selling gold at .25 soon.
Could change if blizz still cares about the income from diablo 3 but seeing as they're focusing on wow at the moment I don't think they care.

[Jaerin]

Well it's been about 2 weeks and I stand corrected.

I thought for sure the gold price would tank, but it's actually gone back up to $2 and now is starting to fade again, but still in the $1.40 range which is higher than before this change.

I didnt' think the market would support it, but it has...I'm glad too

[kustomjack]

I thought for sure the gold price would tank, but it's actually gone back up to $2 and now is starting to fade again, but still in the $1.40 range which is higher than before this change.

IMO this was what would have happened, but no one could have predicted how hard blizzard has cracked down on GF bots. Hearing about 40/40 bots banned in one day hurts.

[west79]

here in europe the price's dropping like crazy, it was 1.40c/1m last week now is 99c.

do you guys think there's a possibility to see it raise again or should I just cash out and leave?

having back the 1.20\1.30c rate would be nice.

[Jaerin]

Who knows, but you can look at the price tracking since couple days ago:

RMAH Price Watcher

I'm still working on it so it is not really ready for full primetime yet.

[west79]

Who knows, but you can look at the price tracking since couple days ago:

RMAH Price Watcher

I'm still working on it so it is not really ready for full primetime yet.

very nice and useful too, thanks!

I just wanna understand how's the market handled, I mean who in their right mind would sell gold for so low.

Even at 1.30 people would still buy it with more gain for us. Putting a lower price doesn't make your offer better because it's different from selling an item.

Go figure.

[tomatom]

gold price in EU is droping like crazy, ffs I will probably sell all my gold to paypall now, dont want to waste it every day more and more, from 1.3 to 1.0 within 7days...

[Pumbas]

Damn, on US it is dropping a lot!

[xtrmxtrm]

And it will go down now even more, just look at the 'All' option in the Price Watcher, its slowly going down, but its going down. Unless patch 1.05 is announced soon, it will probably go down until 0.4 or even less in some weeks.

[lazylurker]

and it never finnadrop tis low