Reported Post by Snow Patrol

Snow Patrol · Nov 1, 2011

Snow Patrol has reported a post.

Reason:

A failed attempt at price manipulation.
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Post: Why the IRL price of GP can do nothing but go down, right now.
Forum: RuneScape 2 General
Assigned Moderators: cosrob97, Awesome Stranger, Determinate, KerokeroCola

Posted by: ABCisDANK
Original Content:

This is a long read

I'm sure every single person checking this thread is utterly aware that Jagex banned what they claim to be "98% of the bots in the game", also claiming that a huge portion of those are gold farming accounts.

I'm now going to point out some things that some of you may have thought about, or possibly didn't think about and are just now realizing.

Jagex announced in the behind the scenes for October that they would be taking a stance against bots, causing many bot scripts never to work again.

They then announced more about it, saying it would specifically target reflection bots. Now as you may or may not know, RSBots runs primarily on reflection scripts and a very high majority of gold-farming bots come from RSBots.net. Be it paid or not.

They then went as far as to add a timer to the main page of RuneScape, calling this update "Bot Nuke Day" and giving a very short amount of time before launching this update that still showed up TWO HOURS late of 0:00:00 timer they had put up.

Again, I'm almost certain nearly every single person reading this thread knows all of this information, if you didn't know anything about it, now you do.

Now this, is where it gets interesting.

Checking through the sythe.org forums, I found a few threads asking about RWT bans, and if anyone had gotten one. I have yet to see one from trading GP in this duration of time.

With the amount of time Jagex gave botters to transfer the GP, billions upon billions were traded to secure accounts, to be held incase of such an emergency. The people transferring said GP unaware if the GP would be safe on the botted accounts, and rightfully so, being afraid to lose it.

This means, that with the time Jagex gave the botters and gold farmers to transfer this money, it was infact able to be secured. With Free-Trade still intact, this GP is ready to be sold to many gold-sites everywhere. Also player to player trades on sites such as the one you are reading this thread on.

Now, billions of GP is sitting on accounts, waiting for the price to rise. This is most likely not going to happen. With the amount of GP that is readily available to players nearly everywhere, and the huge decrease in player numbers, GP can't possibly rise.

Many bots (When I say many, I mean MANY) were bots for accounts that people actually played on. Those people would bot up skills, then buy GP. Its not exactly a hard concept to grasp. With alot of those accounts gone, they won't be buying GP nearly as much.

The amount of legitimate players has actually decreased as well. As to why, I'm not 100% sure. Many legitimate players don't buy GP anyway, but I know some do.

The main purpose of this thread is to show you that with less players, it will mean less demand for gold. With less demand for gold, more gold will be stockpiled. With less people buying the stockpiled gold, it will become more readily available. All of these things put together is what will cause the price to lower.

Now I know for a fact someone will post under this saying that gold trades haven't and won't slow down, people will always trade gold back and fourth, and blah blah blah. With all the information above you should be able to see that is complete bullshit. People don't sell GP here just to move money around. The highly known gold sellers make a profit off of what they buy it for, and what they sell it for. Its simple merchanting. The occasional gold seller will sell his/her gold when they quit playing to make some quick cash.

The gold buyers buy from these people, to turn around and sell it for a profit. With less people buying the gold these people are making a profit off of, they'll have to lower the prices. They aren't just going to trade back and fourth for the same price.

If you haven't got any clue what this thread has been about, please don't post about it. I honestly don't feel the need to explain much more than what I already have unless its a legitimate question.
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