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an incident in the FSP market


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#1 duktayp

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Posted 07 August 2014 - 19:24

about 15 hours ago i saw **what looked like** a player, or group of players, try to reset the FSP market to a lessor price (maybe trying to profit, who knows)

 

several times i saw zero requests(!)

 

went on for an hour, interesting to watch but no joy

 

lone listings for 150-160k went untouched, then the listings for 200k again

 

when it was over the market went back to normal. seems at this time the community expects 200k for their FSP and unless they are desperate for quick gold they'll simply wait a few minutes for it to reach that number

 

 



#2 Pardoux

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Posted 07 August 2014 - 19:53

about 15 hours ago i saw **what looked like** a player, or group of players, try to reset the FSP market to a lessor price (maybe trying to profit, who knows)

 

several times i saw zero requests(!)

 

went on for an hour, interesting to watch but no joy

 

lone listings for 150-160k went untouched, then the listings for 200k again

 

when it was over the market went back to normal. seems at this time the community expects 200k for their FSP and unless they are desperate for quick gold they'll simply wait a few minutes for it to reach that number

 

Happens quite frequently mate ... I've seen the market surge up to about 230-250k and then drop right back down again once those "playing" had bought sufficient gold to resell for a much better exchange rate..


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#3 RobM

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Posted 07 August 2014 - 20:11

double post


Edited by RobM, 07 August 2014 - 20:16.


#4 RobM

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Posted 07 August 2014 - 20:14

Hi D I have seen the MP get bought out all the way down to about the 170k or 180k level a number of times throughout the normal FS day and within 10 or 20 minutes go back up to 200k or even 210k and then over the next few hours stick at about the 190k to 200k levels, and THEN get bought out again down to 170k or 180k and the cycle repeats.

 

For me I have always just looked at it in the way that selling above the 180k or 190k levels was just to get quick FSP. So for me that would set the "ordinary value" of an FSP at about between 170k and 190k, with the gold dumping/quick FSP offers above 190k/200k happening in cycles.

 

I have always wondered who would be crazy enough to buy all that gold in a sudden burst all at once down to the 170k/180k level, unless they were using the gold for scavenging/forging/hoarding, because reselling that gold at 200k for example would be pure lossmaking.

 

To be honest: 

a - I have seen those times as an opportunity for me to sell my gold for 185k or 190k before it went up to 200k again.

b - I sometimes buy gold at 205k or 210k and wait for the drop and flog it for 185k/195k again to make some profit.

erm .. Patent Pending on what I just said LOL :lol:

 

I think that is just how the market works D.


Edited by RobM, 07 August 2014 - 20:15.


#5 duktayp

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Posted 07 August 2014 - 22:48

this was the first time i ever saw the MP completely bought out - zero requests

 

apologies - this topic has no point other than the observation that if i thought 125k would be the most i could get for my dots i would take it, but i am also guilty - when going to sell a few FSP i'll see the best offer @ 180k and, thinking that's not enough i'll wait a few minutes for it to go back up to 200k

 
to whomever conducted that experiment some 20 hours ago, for whatever reason - it was interesting to watch


#6 Gutie

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Posted 08 August 2014 - 00:59

Hi that was me. I was buying a HUGE amount of gold via MP, partly due to a "lol i dunno" and using it to forge up around 200+ peices of SA's guild gear to FF much of it of the 75-150-300-600-1.2m gold per forge. Didn't think a few days of forging a ton of gear using the MP for gold would weird people out like that. Sorry for causing any confusion.

 

Side note/admission Mind I used to actually sit on the MP at night and turn profits on it about a year ago (was partly why I had the extra dots to run guild recruitment ads around the clock damn near) but FSP market simply goes back up too quickly these days instead of the old 1-99 gold outbids we used to see. Might just be some players arent patient as they used to be.

 

Either way, it spikes quickly back up to 190k-200k far too fast to make a reasonable profit anymore without cashing out at 200k+ over the course of a week and then re buying when you see at below 190k thereafter, too time consuming for me working full time 3rd shift to do.  :/


Edited by Gutie, 08 August 2014 - 01:00.

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#7 duktayp

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Posted 08 August 2014 - 02:03

the mystery of the missing FSP is solved then

 

never+mind+found+it+_be17f9c0fc100b112f6



#8 bloody18

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Posted 08 August 2014 - 04:12

I notice that from time to time as well duk! Staying on the topic : I play the market on very rare occasions.... once or thrice while sitting on auto refresh (on the FSP market) watching the offers for FSP appear and disappear  .. someone suddenly will post a 300-400K for 1 FSP .. Its an instant game of Press Your Luck :)..hehe

whammy-7-o.gif

  Im guessing when your deposits are gone you gotta do what you gotta do :)


Edited by bloody18, 08 August 2014 - 04:13.


#9 BadPenny

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Posted 09 August 2014 - 02:17

I'm thinking whammies now... thanks for that  :lol:  :lol:  :lol:


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#10 bloody18

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Posted 09 August 2014 - 03:43

I'm thinking whammies now... thanks for that  :lol:  :lol:  :lol:

ohh Penny ...  You should always be thinkin " BIG BUCKS .. BIG BUCKS!!!" ....and NO WHAMMIES!"  =) "

 

WAIT!!.... do I see FSP in the PRESS YOUR LUCK window?

400FSP and NO WHAMMIES! =)

oie_XFX1Gkzj1tAk_zps5b38f069.gif



#11 BadPenny

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Posted 10 August 2014 - 04:31

Now you're talking my language  :D


Just one old lady's opinion

 

 

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