Too much supply / too little demand? Discuss.

i agree, if theres less botters, less cash, which would increase the value of RSGP. just like any other market.

 

I clear a 1-2b+ Daily. I don't think the market is dying. The drop happened when r2 did his clearance sale of $1/M. If you really want to sell, you can easily through PayPal. I could clear like 5b/day if I had the stock & I accepted PayPal from everybody. Prices have just stabled is all.

 

Too much supply, so many people have a lot of gp on Runescape. A lot due to botting really as it has really fucked up the RS economy but still

 

I think staking more than botting has lowered prices of gold. As now the top percentage of players are beginning to control more and more of the wealth and have nothing to do with all of it but make investments and sell gold and stake.

 

My god, I can imagine the scammers and chargebacks you have to filter through!

 

Jagex made it easier for the avarage players to make money. nowadays you dont need 10 bots to make decent cash.

 

wonder how the big traders ( viou, h1q, rs2pleasant,nate etc) are faring, i know that some bulk sellers like them bought MASSIVE amounts of gold as soon as FT came out, with the expectation of increasing gold prices. wonder if this means huge losses for them, been curious for a while.

 

Why would scammers make the price of gp drop >_>. They would make the price of gp rise if anything. They take away the amount of gp floating around on the market and keep it on their accounts, making less supply.

 

On behalf of one of the "big traders", I'll answer this. We are constantly buying/selling gp, it's not like we bought billions months ago and have just been sitting on it. As gold prices fall, we adjust our buying prices accordingly, and it's not like gold prices fall $.50/m in a day

 

thanks for that, and fucking hell nice 170k traded.

 

Not true, most of them are scamming the GP and re-selling them for profit. As such you should beware of those not very trusted users here in the community who only have vouches of selling GP but none from buying yet they are buying at the normal market price. Just a tip.

 

True to that
But a very curious question and would greatly appreciate the answer. Do you still get scam often and do the scammers still try?

 

Prices are almost at a turning point, pretty soon the trend will go back upwards. All that this requires is a sudden event by Jagex, which always happens at a random time.

 

I don't remember when the price ever went up.. not for long anyways.

 

If the bigger gold sellers would get all on board and decide to set a gold cap price where they would keep selling their gold, lets say .85-1 per mill then there wouldn't be any problems.

But free market causes competition and as a result price competition..

 

I think prices are falling because a lot of people just started selling gp after free trade since its so much simpler, back before free trade it took methods to xfer gp now it takes a simple trade, simplicity plays a big role in prices too as gold becomes easier to sell and obtain the lower it sells for, you can't blame bots really for the big crashes since they aren't really adding money into the game, that moneys already in the game the bots are simply trading supplies for gp. back when I visited here before free trade there were very few gold sellers because many didn't know transfer methods but now unless your retarded its not that hard to figure out how to give money to someone

 

Not really. Most scammers are at the age of 12-15 and most of them come to sythe to make their accounts better, what good would selling gp in making their accounts better? And what use would a scammer at the age of 14 do with $50 on paypal? Nothing. Their parents won't verify the bank account on their paypal, heck, most kids won't tell their parents about them scamming. So paypal money to the majority of scammers.

 

I dont think scammers are 12-15.. it takes someone quite intelligent to think of scam tricks and to make phishing websites.

 

Id have to agree with you about the fact there is way to much supply these days to keep gold prices high. Money is so easy to farm on runescape nowadays, and with so many bots raking in massive amounts of money each day, i can only see rsgp getting cheaper, there is no reason why it would rise again, without a significant update from jagex.

Asides from farming/botting, staking, especially with the amount of glitches these days, hasn't helped raise gold either. Its created huge stashes of gold for certain individuals who try to pawn off their money quickly at very cheap prices before getting banned after exploiting a bug, which has further devalued the price of gold.

 

I'm going to wait for the price to get down a bit more and then just mass buy.