Will we have place X gold on the AH? Just like you put an item for auction, you now place for example 10.000 gold for sale for X $?
OR
Will there be somekind of fixed system, which controls the gold - RM market? For example: 1 fixed gold price, and the price changes to the demand and supply of gold? So you only have to put X gold for sale, and you decide a minimum price that you don't want to trade against.
For example: I want to sell 10.000 gold and I want 1$ for it at least. If the goldprice drops below 1$, my gold is not for sale.
How will this work?|||I think it will be up to the community. There isn't going to be any 'exchange' system in game.
So you have 10,000 gold, and you think it's worth $10.00, so you put it in the RMAH for $10.00
If someone else thinks that's a good price, and wants to pay 10.00 for it, they buy it. If not, no one buys it and you get your 10,000 gold back.
From what I understand, they are only going to charge once per item, so I'm not sure how that will work for gold. So if you put an item up for sale, and it doesn't sell, you can put it up for sale again for free.
Perhaps gold won't actually be for sale then... ? Has it been stated anywhere?|||I don't believe this has been mentioned by any press release as of yet, so we can only speculate.
I hope blizzard will implement a system that is a bit of both of your ideas, similarly to real life "Exchange rate" ,"Share Trading" and practically all trade markets around the world, a system that takes buy and sell orders with people putting in the amount and price they want per "gold"
Example:
(Limit Order):
I want to buy/sell 1000g at 1$ which is placed into the system and waits for a buyer willing to pay that price, if a buy and a sell offer are the exact same match the order will go through automatically
another option needs to be available to buy/sell at "market price"
(Market Order):
Automatically matching your buy/sell amount to the best buy/sell offer
for example if i sell 1000g at market value i might get $0.98 but it will go through automatically and i do not need to wait for someone to want to buy at that price if i were to set a limit order of wanting 1$ per 1000g
This is the true way to create a exchange rate and should NOT be implemented like an auction style system where all orders are dumped on the system and the user picks which one seller they want to buy or sell to, which in some cases will not the best offer,
However the above system will require some sort of automation system in place by blizzard differing from how item trading will work.
Until this system is revealed we can only guess and hope that they implement it this way.
|||Yes, gold will definitely be auctionable. You are correct that there won't be a fixed exchange rate, instead it will be set by users. If the difference between the fee on the GAH and the RMAH makes it such that it is a lot cheaper to list on the GAH, it may make sense that the only thing sold on the RMAH would be gold. Selling gold is also the way people will cash out.
Edit: Diablonomics, I agree with you that that would be better. It would be more work, however, and I doubt they will do it. It would require a separate UI. It would also be harder to understand for users. Not by a lot, but if you doubt that this might be a problem for some people, just read a few posts on this forum...
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Q u o t e:
It would require a separate UI. It would also be harder to understand for users. Not by a lot, but if you doubt that this might be a problem for some people, just read a few posts on this forum...
@Dentata, I agree it will be more work on blizzards part to implement the system and separate UI, however once implemented the system should be very intuitive to use, as their will be a option to SELL NOW and BUY NOW where orders are automatically matched to best offer as simple as putting the amount wanting to buy or sell and hitting GO.|||I would really HATE to have to scroll through X pages, to find out the best offers. Instead, it'd be so much easier to buy 10.000 gold for X$ (fixed rate) instead of having to find out the best auctions, and in the end you'll be buying 20 auctions with an average of 500gold to receive the optimal trade.
@ Bashiok: could you release some information about how it'll work?
|||I really hope it is something similar to what Spiral Knights uses... which sounds like it's a basic/normal exchange practice. There's a tab that dynamically shows the top 10 highest offers for purchase of gold, and then there's a tab that has the top 10 lowest prices for the selling of gold. It worked really well and was very efficient; just click a button to buy the gold, or put up an offer.
The only thing with a system like this is that some people will be able to make out like a bandit because they figured out how to play the system, though I guess it's realistic to assume that this would be possible anyways.|||
Q u o t e:
I would really HATE to have to scroll through X pages, to find out the best offers. Instead, it'd be so much easier to buy 10.000 gold for X$ (fixed rate) instead of having to find out the best auctions, and in the end you'll be buying 20 auctions with an average of 500gold to receive the optimal trade.
@ Bashiok: could you release some information about how it'll work?
I agree, that is why i hope they will implement real market style system based on orders, eliminating the possibility of buying more than is needed and also misreading and not buying the optimal price at that moment
Hope Bashiok will be able to shed some light on the matter.|||I recall a statement that the value will be determined by the exchange rate. Based on that wording it doesn't sound like you list, it sounds like an exchange rate is calculated based on supply and demand. This makes sense since otherwise there would be a truckload of listings constantly being undercut.
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