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Zen/AD market is being maniplulated/controled. Needs a daily limit set.
oldhead
Member, Neverwinter Beta Users, Neverwinter Guardian Users Posts: 8 Arc User
First please refrain from getting all RAWRAWRAWR nerd rage on me. For some reason this is a very sensitive subject for people and they refuse to believe it.
Second l say person because there is no way for me to know if its a currency selling company or just one guy with $10,000 to spare and likes to dominate game markets.
On day #1 of public release I noticed something strange happening to the zen/ad rates. I was watching them for about 60 minutes. I could see the amount increase/decrease as buy/sell orders go in. I noticed that when it got below 400 someone buy buy up everything under 400. I noticed them a few times drop multiple stacks of 4000 down also. I would look like this.
Cost qty
398 38 (this would be normal people adding to the sell list)
399 62 (normal under cutting)
400 3126 (The unknowns 3000 + normal bids)
401 3204 (The unknowns 3000 + normal bids)
402 4000
403 3000
404 3000
415 256
420 765
430 1875
435 2436
and so on up to 500
The 400 and 401 would just stay there for a bit. I would seen him drop 3000 and 4000 stacks just above it (402-405) and then seconds later remove them. Not sure why he was doing this but this is what allowed me to see it was a single person doing this and not market fluctuations. He was doing it over and over again.
As people sold under 400 he would suddenly buy them up all the way to 400. Both with Zen and AD this was happening. He seems to be trying to force the the market high so he can play trader back and forth to make profit. Perhaps buy the lows and sell them just a bit higher. Perhaps so they can offer AD at a better price on thier website? I'm not sure why, I just know its happening.
We need to let the devs know the only way to stop people from doing this (playing the market) and ruining their zen/ad market is to set a simple Zen?AD trade limit per day. Sony Online has a $250 per day limit. That would be enough to prevent it. Even $500 per day would do the trick. It would limit his ability to control the market.
This will hurt the game and the players. The devs need to be made aware of this.
Second l say person because there is no way for me to know if its a currency selling company or just one guy with $10,000 to spare and likes to dominate game markets.
On day #1 of public release I noticed something strange happening to the zen/ad rates. I was watching them for about 60 minutes. I could see the amount increase/decrease as buy/sell orders go in. I noticed that when it got below 400 someone buy buy up everything under 400. I noticed them a few times drop multiple stacks of 4000 down also. I would look like this.
Cost qty
398 38 (this would be normal people adding to the sell list)
399 62 (normal under cutting)
400 3126 (The unknowns 3000 + normal bids)
401 3204 (The unknowns 3000 + normal bids)
402 4000
403 3000
404 3000
415 256
420 765
430 1875
435 2436
and so on up to 500
The 400 and 401 would just stay there for a bit. I would seen him drop 3000 and 4000 stacks just above it (402-405) and then seconds later remove them. Not sure why he was doing this but this is what allowed me to see it was a single person doing this and not market fluctuations. He was doing it over and over again.
As people sold under 400 he would suddenly buy them up all the way to 400. Both with Zen and AD this was happening. He seems to be trying to force the the market high so he can play trader back and forth to make profit. Perhaps buy the lows and sell them just a bit higher. Perhaps so they can offer AD at a better price on thier website? I'm not sure why, I just know its happening.
We need to let the devs know the only way to stop people from doing this (playing the market) and ruining their zen/ad market is to set a simple Zen?AD trade limit per day. Sony Online has a $250 per day limit. That would be enough to prevent it. Even $500 per day would do the trick. It would limit his ability to control the market.
This will hurt the game and the players. The devs need to be made aware of this.
Post edited by oldhead on
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Comments
Plus founder started with AD , this actually keeps the AD to zen rate high . It will slowly go down as this surplus is burned up .
Seems like a lot of work to make 3 or 4 AD per zen .
Which is why I said it reeks of botting.
Not a lot of work for a bot... its very simple really.
Lots of profit to be made like that.
The only other thing it could be is if Cryptic/Perfect World was injecting Zen and AD into the market. That would be highly F'ed up but being how we can not see who is placing the buy/sell orders it cant be ruled out.
It will never free fall as long as someone artificially controls the market. It will just net them more $$$
Prices on the AH have plummeted since OB start, I believe that is what he was referring too.
On the zen exchange, perhaps Cryptic is gathering more evidence before taking action.
When the exchange was put in STO and CO the exact same thing happened that you described here. . . sufficient to say it does not happen anymore. . .
They need to take action. Player base is already leery... with bots controlling market it will seriously hurt the player base. Will make people do a 360 and walk away.
ps... the gen chat is so horrible rofl.
[SIGPIC][/SIGPIC]
1. The AD/Zen market is incredibly illiquid. This will change somewhat over time, but right now any one person can have a disproportionate impact. (I just checked, and I personally have more AD than the total amount being visibly offered on both the buy and sell sides.)
2. Markets naturally have points of resistance that they have trouble breaking through. This isn't evidence of market manipulation, but of market psychology.
well honestly I'm not worried until actual launch, then I'll worry about it because alot of people i know aren't bothering with this game right now until it's official launch and not open beta because they don't want to deal with bugs that come with betas (like crashes and outofmemory messages). So until it's out of open beta I wouldn't worry about it and I'm certianly not going to spend any AD on zen.
Actually this is the launch. ... But that said the market is to new and really hasn't had time to stabilize on a price.
[SIGPIC][/SIGPIC]