So the gold prices have dropped by around 20% for LW on some of the more popular websites that deal in that kind of stuff. I took a screenshot 2 days ago out of curiosity to see if the GDKP announcement would have any significant effect on the price of gold.
The GDKP ban hasn’t even been implemented yet and already a 20% decrease in value in 2 days is quite significant. I’m willing to bet that will easily reach a 50% reduction by the time P2 hits. It’s fairly obvious that the supply now outweighs the demand due to the GDKP ban, but how far will it actually fall? Should give a rough idea of how much of that gold farming was being propped up by GDKP.
Interesting I wanted to follow the gold price after the announcement as well but was too lazy, feel free to update this post from time to time I think it’s quite interesting.
Anyway, it’s still interesting to see how bots manage their market.
My personal guess is that they wil increase the price of an average item’s gold, in relation with the phase.
Let’s think that a FAP now costs 40s; if in P2 it costs 80s, it means 1g P1 = 2g =2.
Hence, if buying 1g would cost let’s say 20cent in P1, 2g should cost the same in P2; however, I think that it will be more expensive, even if the demmand has decreased drastically; I expect them to use the “we are in big trouble by selling gold” thing to increase at least a 10-20% of that ratio, but that’s just a guess.
That’s no how supply & demand work. The botters and gold sellers aren’t in big trouble they are pretty much free do as they please and will continue to do so.
However there here will now be a surplus of gold that isn’t being sold hence the reason the prices go down until it reaches a point where it stabilises to meet the current demand. In theory the botters will redirect their efforts to another version of wow or another game entirely because now they only need 200 bots instead of 500 to keep up with the demand. If blizzard in the future have a better, faster & more efficient way of dealing with bots then you might see the gold prices increase, but currently they’re attacking one of the major products of botting i.e GDKP. This indirectly attacks botters without actually banning thier accounts because they don’t have a way to sell as much gold anymore.
It won’t be an immediate reduction but rather a slower progression to decreasing bot activity. To completely eliminate bots with this method you would need to push it to a point that it’s just not a viable business option anymore to turn a profit, but that’s never going to happen because it will almost always turn a profit even if it’s a smaller one. A combination of banning stuff like GDKP and faster account identification and perma bans could work though.
They can do that now if they choose, what does that have to do with banning GDKP? Also what would be the purpose of making ridiculous amounts of gold if you don’t really have anything to spend it on other than epic mounts, BOEs & consumables which are mostly one time buy with the exception of raid consumables.
Do you mean the botters are now going to buyout everything on the AH and inflate it to a point that people need to buy their gold? I don’t really understand what point you’re trying to make?
likely, yes. and legit goldhoarders as well, who play the AH. BoE prebis or BiS items like the shoulders from RFK that go for 400+ gold in p1. unobtainium for most non-buyers (not all, so no need to tell us u farmed over 9000 gold) but most.
stuff like that will probably inflate 50-100% in a short time, because more buyers with more gold, means higher prices. supply&demand function.
raidconsumables, crafteds, aso. items stockpiled by speculators, all of it will inflate if gold gets cheaper.
Well luckily that means if you’re someone who has crafting or gathering professions then you should be able to make enough gold on the AH since everything will be inflated. Enough to sustain yourself doing a raid or two each week for minimal time investment & buying things like epic mount.
More than likely though bots will just continue to do what they always do and run dungeon scripts and stockpile the AH with cheap materials because it’s the easiest set up for them to run afk 24/7
and sell gold they make at lower rates, so ppl can buy the stuff.
inflation 101
leeching it by speculation, is probably the best strategy for gold in the weeks to come, and perfectly valid in my eyes.
unfortunate as the mechanic may be.
i fixed it in 15 mins tho (from my post)
so one has to wonder why blizzard hasnt fixed it in 20 years.
As of today the gold prices have dropped a further 3-4% from the original price when I first started to monitor it for LW. It did however spike briefly for a few days and went back up by around 10% for Horde and 15% for ally.
Possibly due to the amount of GDKPs that are constantly being spammed 24/7 by people trying to get as much gold in as possible before the ban. Prices on GDKP have also increased in some cases by almost double with min bids starting at 10g with 5g increments for blues and 30-40g for epic/pearl on a 10g increment.
So it currently sits at around 23-24% decrease from the initial value when the GDKP ban was announced. I would imagine GDKP is going to be running right up to P2 so we probably won’t see a true reflection of the gold supply/demand until 1-2 weeks after release. People will still be buying gold for mounts and profs during that time also I would imagine.