Gold trader

Brael - Dreamweaver
Brael - Dreamweaver Posts: 1,430 Arc User
edited August 2009 in Suggestion Box
Limit the number of gold buys each account can have in the trader at a time to 10. The reason for this is that gold prices are mostly driven up by people who drop large amounts of gold buys in at a time. For example, if gold is 160 and someone drops 80 buys in at 170, they'll likely end up with 10-20 of those buys, but then others will bid over them at 170.1, 170.5, 171, 172, etc.. and the price of gold is now 172 rather than 160. The original buyer then puts in say 50 bids at 178, and will be outbid again after getting 10-20 gold, with gold then jumping to a low 180 range. Repeat until 200k and one person can easily raise the price of gold quite high. What's more, when it's done the person can break even (or profit, depending on how much gold they bought up at lower prices) by simply reselling the gold they picked up while raising prices.

If an individual can't put in that many gold buys, the trader system works out better with bids by having a wide range of smaller amounts of buys.
Post edited by Brael - Dreamweaver on

Comments

  • Sakuraaaaaaa - Lost City
    Sakuraaaaaaa - Lost City Posts: 50 Arc User
    edited August 2009
    Also two more problems with the gold tradeing system is one: its really difficult to figure out how it works i know alot of people needing help even with the gold tradeing guide. Two: dubbleing the amount of coins you pay for every gold is stupid its hard enough to buy gold with the ammount of gold people put in ive seen 160 gold put into the system and theres no way you can pay that if you have to pay X160.
    Sakuraaaaaaa - Tsubasa leader

    [SIGPIC][/SIGPIC]
  • Lairian - Sanctuary
    Lairian - Sanctuary Posts: 8,209 Arc User
    edited August 2009
    Well, if you need help with the gold trading system, then go to the new wiki. There's a guide on there about gold trading.


    And just limiting the amount of buys at once won't fix the overall problem you just mentioned. Since they can just buy 10 gold. Wait a few minutes, then buy 10 more, and keep doing that over and over again. It'll take longer, but it'll still happen. If you want to limit the amount of gold bought, make it a limited amount per day, not per session.
    [SIGPIC][/SIGPIC]
    Be nice to people
  • vagrant0
    vagrant0 Posts: 290 Arc User
    edited August 2009
    How about just getting rid of the cost of placing gold on the market. If you sell more than 30 gold at a time, you're losing quite a bit of silver in the process (60 silver, roughly 120k in the current market). If there should be a fee, it should be a coin fee, not silver, same as when buying gold so that you discourage people from listing at ridiculous prices. The fact that you have to end up losing 5% of what you're trying to sell, and can only sell gold if you happen to want to spend silver in the process, only discourages people from selling.

    Limiting the buying of gold to something like 1 transaction every 6 hours (by account), and 15 gold per transaction would also help prevent using the system as a means of controlling the rest of the economy. There aren't many cases where someone would need more than 15 gold at a time, and most of those are things which can be planned for in advance.