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Diablo 3:Economics- It's not rocket science.

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Posts

  • ScosglenScosglen Registered User regular
    edited April 2013
    You bought an item for 99M gold and sold it for 7 dollars net? Isn't that a humongous loss?

    edit: Nevermind, I realized you're factoring in re-converting the blizz bucks through gems. Also gems are hella cheap, good lord.

    Scosglen on
  • mcdermottmcdermott Registered User regular
    edited April 2013
    Scosglen wrote: »
    You bought an item for 99M gold and sold it for 7 dollars net? Isn't that a humongous loss?

    8 dollars net, and no. we'll see how it goes when I actually buy the gems to cover, but as of this morning the best ratio was topaz, at just over 17M per dollar (after fees).

    so 7 dollars winds up being 119M, and 8 dollars is 136M.

    shitty profit, but profit. unless the prices have changed dramatically today. which is a real risk. grumble.

    edit: if I can get a little blizzbalance built up, I won't have to worry as much about shifting gem prices. the potential multi-day lag is a killer, though.

    mcdermott on
  • mcdermottmcdermott Registered User regular
    edited April 2013
    yeah, gems have dropped like a rock. and they were already cheap.

    EDIT: also sold my Prowlers that I bought a while back, but replaced with some decent rare bracers. paid 35M for the Prowlers, it didn't look like they were going to list for that (plus 15% off), but moved them for $3.50. $2.50 in gems equals like 40M. #winning

    mcdermott on
    Big Red Tie
  • SkutSkutSkutSkut Registered User regular
    Scosglen wrote: »
    You bought an item for 99M gold and sold it for 7 dollars net? Isn't that a humongous loss?

    edit: Nevermind, I realized you're factoring in re-converting the blizz bucks through gems. Also gems are hella cheap, good lord.

    I bought 13 rubies today, they're like 91 cents or something crazy.

    Sold another 20M too.

    mcdermottKoopahTroopahHexDex
  • mcdermottmcdermott Registered User regular
    I think I'm done listing gold for a while. Until the patch is announced, at least.

  • AegisAegis Fear My Dance Overshot Toronto, Landed in OttawaRegistered User regular
    Stupid Windforce, why couldn't you drop with a Socket :(

    We'll see how long this blog lasts
    Currently DMing: None :(
    Characters
    [5e] Dural Melairkyn - AC 18 | HP 40 | Melee +5/1d8+3 | Spell +4/DC 12
  • RandomEngyRandomEngy Registered User regular
    Couple upgrades from my newfound wealth:

    5Y8HmId.png
    80m, +17k damage (woo)

    ykD3Msf.png
    30m

    I also saw a sweet 1-hander for 25m that I should have snatched up because I saw it relisted later for 99m.

    Profile -> Signature Settings -> Hide signatures always. Then you don't have to read this worthless text anymore.
    KoopahTroopah
  • BroloBrolo Broseidon Lord of the BroceanRegistered User regular
    fffffuck that's a nice skorn

    what's your DPS at?

  • KoopahTroopahKoopahTroopah The koopas, the troopas. Philadelphia, PARegistered User regular
    mcdermott wrote: »
    hmmm....had my first successful item flip. yay!

    nothing crazy, bought for 99M and sold for $8 (so $7). which at current rates looks like about 120M after all is said and done.

    not the kind of margin i was hoping for, but i'm also just getting an idea of what to flip. and, unlike gold, it actually fucking sold. i haven't seen a single gold sale in over a week.

    edit: check that, misread the email...sold for $9, received $8. so more like 136M. it'll do.

    One of us...one of us... Grats man. Been selling items left and right.

  • mcdermottmcdermott Registered User regular
    Bought a Zuni's Trail I'm trying to flip now. But also did like you, where this is a set I'd totally equip if it goes south. Paid about 50M, hoping to get like $5 for it (after the fee). Taking it slow, my bankroll has been slowly dwindling thanks to taking a little out to real cash, purchases for my wizard, paying a guy I owed some gold to, etc.

    Still, I'm like 150M into some items, we'll see how this goes.

  • HexDexHexDex Registered User regular
    Yesssssss
    Greetings Brandon (Caretta),

    Congratulations on your successful auction in Diablo III!
    Item name 25,000,000 Gold
    Time of transaction 27 Apr 2013 03:41 PM PDT
    Sale price $6.25
    Transaction fee $0.94
    Applicable taxes $0.00
    Your proceeds $5.31

    If you are reading this add me.
    D3: HexDex#1281, PSN: DireOtter, Live: DireOtter

  • AegisAegis Fear My Dance Overshot Toronto, Landed in OttawaRegistered User regular
    My gold needs to sell itself already.

    Thanks to Saint and Hoover for getting my Inferno campaign finally finished.

    We'll see how long this blog lasts
    Currently DMing: None :(
    Characters
    [5e] Dural Melairkyn - AC 18 | HP 40 | Melee +5/1d8+3 | Spell +4/DC 12
    KoopahTroopah
  • KoopahTroopahKoopahTroopah The koopas, the troopas. Philadelphia, PARegistered User regular
    edited April 2013
    Aegis wrote: »
    My gold needs to sell itself already.

    Thanks to Saint and Hoover for getting my Inferno campaign finally finished.

    I have yet to finish inferno. I just tried Act 4 again with my new gear from the arbitrage and I can actually walk around without dying, I just don't really care anymore.

    I'm just getting better gear for the promise that PVP arenas will eventually be added.

    KoopahTroopah on
  • mcdermottmcdermott Registered User regular
    Aegis wrote: »
    My gold needs to sell itself already.

    Thanks to Saint and Hoover for getting my Inferno campaign finally finished.

    I have yet to finish inferno. I just tried Act 4 again with my new gear from the arbitrage and I can actually walk around without dying, I just don't really care anymore.

    I'm just getting better gear for the promise that PVP arenas will eventually be added.

    MP0 Inferno is kind of a joke now. You'd probably have little trouble beating it.

    But there's little reason to. Only reason to go into Act 4 as of now is for the cheevos and to grab the plan for Infernal Machines. Or because you hate yourself.

  • sumwarsumwar Registered User regular
    I am having so much luck selling gold. Every two days I put up 10 stacks of gold. This morning i made 400m gold because I sold 163m gold and I get around 3.6X the amount of gold relative to the amount I'm selling for the money I'm receiving from selling the gold. After covering costs I get 2.6 million gold for every million gold I sell. Two days ago I woke up and I made 500m gold! I am so lucky. I have around 3.3 billion gold. 50 days ago I had around 100m gold. I haven't farmed in over 2 months, I just log in every 2 days and sell stacks of gold. Usually I am not this lucky.

    KoopahTroopahHexDexforty
  • mcdermottmcdermott Registered User regular
    sumwar wrote: »
    I am having so much luck selling gold. Every two days I put up 10 stacks of gold. This morning i made 400m gold because I sold 163m gold and I get around 3.6X the amount of gold relative to the amount I'm selling for the money I'm receiving from selling the gold. After covering costs I get 2.6 million gold for every million gold I sell. Two days ago I woke up and I made 500m gold! I am so lucky. I have around 3.3 billion gold. 50 days ago I had around 100m gold. I haven't farmed in over 2 months, I just log in every 2 days and sell stacks of gold. Usually I am not this lucky.

    This sounds like some kind of MLM scheme on Facebook.

    Also, step the fuck off my corner, son.
    In seriousness, congrats on the luck. I've had none. /grumble

  • RandomEngyRandomEngy Registered User regular
    Rolo wrote: »
    fffffuck that's a nice skorn

    what's your DPS at?

    Thanks. About 190k unbuffed.

    Profile -> Signature Settings -> Hide signatures always. Then you don't have to read this worthless text anymore.
  • AegisAegis Fear My Dance Overshot Toronto, Landed in OttawaRegistered User regular
    For gold selling, does it matter the size of the stack? Ie- does it try and match to your entire listing size, or does it just whittle your stack down if people just buy portions of it at a time?

    We'll see how long this blog lasts
    Currently DMing: None :(
    Characters
    [5e] Dural Melairkyn - AC 18 | HP 40 | Melee +5/1d8+3 | Spell +4/DC 12
  • BYToadyBYToady Registered User regular
    It'll whittle it down. I list ten, 100million gold stacks constantly, and when anything sells, it is usually like 15 million of one of the stacks.

    Battletag BYToady#1454
  • mcdermottmcdermott Registered User regular
    Aegis wrote: »
    For gold selling, does it matter the size of the stack? Ie- does it try and match to your entire listing size, or does it just whittle your stack down if people just buy portions of it at a time?

    The assumption we're running under:

    When a buyer places an order for gold, it's prioritized first by price (all the same, obviously), then by first listed (which will also mean soonest ending). So if I go to buy 100M gold, and your stack is the next to end, and it's a 10M stack, I'll buy 10M of yours and 90M off the next guy(s). If I go to buy 10M, and you're selling 100M, I'll buy 10M of yours (and you may get 90M back if nobody else is buying).


    Now, as far as stack size what this means is you want the largest possible stack while still maintaining as many stacks as possible. Which is ten, obviously. Because you want your gold ending as often as possible (more chances to sell), but you also want as much available in case a whale comes along (or a lot of buyers at once). Because the only thing worse than having only 3M of a 100M stack sell is having the whole 100M stack sell and then being forced to wonder....how much more could I have sold?

    BYToady
  • Big Red TieBig Red Tie beautiful clydesdale style feet too hot to trotRegistered User regular
    it will keep you up at night wondering

    3926 4292 8829
    Beasteh wrote: »
    *おなら*
  • mcdermottmcdermott Registered User regular
    edited April 2013
    it will keep you up at night wondering

    like, I had a 300M stack go once

    am i happy i sold 300M?

    fuck no.

    I want to know if I could have sold a billion.

    with a 'b' [/walterwhite]

    mcdermott on
  • MatzMatz Bronze Grandmaster FurieRegistered User regular
    mcdermott wrote: »
    Aegis wrote: »
    For gold selling, does it matter the size of the stack? Ie- does it try and match to your entire listing size, or does it just whittle your stack down if people just buy portions of it at a time?

    The assumption we're running under:

    When a buyer places an order for gold, it's prioritized first by price (all the same, obviously), then by first listed (which will also mean soonest ending). So if I go to buy 100M gold, and your stack is the next to end, and it's a 10M stack, I'll buy 10M of yours and 90M off the next guy(s). If I go to buy 10M, and you're selling 100M, I'll buy 10M of yours (and you may get 90M back if nobody else is buying).


    Now, as far as stack size what this means is you want the largest possible stack while still maintaining as many stacks as possible. Which is ten, obviously. Because you want your gold ending as often as possible (more chances to sell), but you also want as much available in case a whale comes along (or a lot of buyers at once). Because the only thing worse than having only 3M of a 100M stack sell is having the whole 100M stack sell and then being forced to wonder....how much more could I have sold?

    The ideal sale is therefore 99M out of a 100M stack.... Knowing that you listed pretty much the right amount coupled with the certainty that you couldn't have sold more...

    I had 50M just go out now but otherwise has been pretty lean.

    2uenpg3.png

    Lose: The opposite of win
    Loose: Your mum
    _J_ wrote: »
    I imagine that I make more money from D3 than I would make sucking dick. But I wouldn't want to spend either my D3 or dick sucking money on gear.
  • shadowaneshadowane Registered User regular
    Finally had something sell after all this time. Not exciting like you guys, but I bought an Eternal Union for 52k, wore it for a while, then flipped it for 1.9 million. Not bad.

    KoopahTroopahHexDexmcdermott_J_
  • HexDexHexDex Registered User regular
    shadowane wrote: »
    Finally had something sell after all this time. Not exciting like you guys, but I bought an Eternal Union for 52k, wore it for a while, then flipped it for 1.9 million. Not bad.

    That's a pretty strong flip sir, and well worth mention.

    If you are reading this add me.
    D3: HexDex#1281, PSN: DireOtter, Live: DireOtter

    SkutSkut
  • KoopahTroopahKoopahTroopah The koopas, the troopas. Philadelphia, PARegistered User regular
    Is there any way to search by skill classes on items? Looking for an amulet for my DH but there's a flood of every other class for Mara's.

  • BroloBrolo Broseidon Lord of the BroceanRegistered User regular
    Is there any way to search by skill classes on items? Looking for an amulet for my DH but there's a flood of every other class for Mara's.

    don't actually search for mara's as an item

    instead search for general armor with the skill bonus you'd like, then add +str +dex +int +vit +res all, which will filter it down for you

    KoopahTroopah
  • Saint JusticeSaint Justice Mercenary Mah-vel Baybee!!!Registered User regular
    edited April 2013
    Had fun playing with you guys this weekend, Hoover, Caretta, Rolo, Aegis, etc. Ubers were slain, good times were had. I'm so close to plvl 60 I can taste it!

    Saint Justice on
    Some people play tennis, I erode the human soul. ~ Tycho
  • mcdermottmcdermott Registered User regular
    Rolo wrote: »
    Is there any way to search by skill classes on items? Looking for an amulet for my DH but there's a flood of every other class for Mara's.

    don't actually search for mara's as an item

    instead search for general armor with the skill bonus you'd like, then add +str +dex +int +vit +res all, which will filter it down for you

    You can't search for skill bonus on amulets.

  • DehumanizedDehumanized Registered User regular
    mcdermott wrote: »
    Rolo wrote: »
    Is there any way to search by skill classes on items? Looking for an amulet for my DH but there's a flood of every other class for Mara's.

    don't actually search for mara's as an item

    instead search for general armor with the skill bonus you'd like, then add +str +dex +int +vit +res all, which will filter it down for you

    You can't search for skill bonus on amulets.

    that's why you search for general armor, as @rolo said

    course, there's a lot of skill bonuses that you just can't search for

  • mcdermottmcdermott Registered User regular
    Ah, he said "with the skill bonus you'd like" but I may have misunderstood.

    Just sounds like kt was looking for DH specific skills, and finding that though general searches is a pain. But agreed, just pop in the other stats you're looking for then skim til you find the skill bonus you want.

    Then find out it costs eleventy billion gold.

    KoopahTroopah
  • HexDexHexDex Registered User regular
    HC Barb #2 dead. At 58. Keep depths 2 in hell. Trying to flee some maniacs, I got pincered by a Demonic Tremor who blocked my point of egress.

    Let's all have a moment of silence for Pinkie Pie.

    If you are reading this add me.
    D3: HexDex#1281, PSN: DireOtter, Live: DireOtter

    Geth
  • mcdermottmcdermott Registered User regular
    *pours one for the homies*

  • ChenChen Registered User regular
    So close to 60. No Leap though?

    RIP

    V0Gug2h.png
  • mcdermottmcdermott Registered User regular
    Man, geth is kind of a dick...

    Garret DoriganKoopahTroopahforty
  • HexDexHexDex Registered User regular
    Chen wrote: »
    So close to 60. No Leap though?

    RIP

    I had leap. Tried to use it. Just no where to go. The tremor was in the middle of the doorway I was trying to jump out of. Stopped cold.

    If you are reading this add me.
    D3: HexDex#1281, PSN: DireOtter, Live: DireOtter

  • AegisAegis Fear My Dance Overshot Toronto, Landed in OttawaRegistered User regular
    Yipee, sold an item. Now gold, follow that example.
    Had fun playing with you guys this weekend, Hoover, Caretta, Rolo, Aegis, etc. Ubers were slain, good times were had. I'm so close to plvl 60 I can taste it!

    Those Ubers were fun. Except Siege/Kulle. Fuck reflect damage.

    We'll see how long this blog lasts
    Currently DMing: None :(
    Characters
    [5e] Dural Melairkyn - AC 18 | HP 40 | Melee +5/1d8+3 | Spell +4/DC 12
  • MatzMatz Bronze Grandmaster FurieRegistered User regular
    HexDex wrote: »
    HC Barb #2 dead. At 58. Keep depths 2 in hell. Trying to flee some maniacs, I got pincered by a Demonic Tremor who blocked my point of egress.

    Let's all have a moment of silence for Pinkie Pie.

    *moment of silence*

    Bad luck...

    2uenpg3.png

    Lose: The opposite of win
    Loose: Your mum
    _J_ wrote: »
    I imagine that I make more money from D3 than I would make sucking dick. But I wouldn't want to spend either my D3 or dick sucking money on gear.
  • SkutSkutSkutSkut Registered User regular
    shadowane wrote: »
    Finally had something sell after all this time. Not exciting like you guys, but I bought an Eternal Union for 52k, wore it for a while, then flipped it for 1.9 million. Not bad.

    It's not about the gold made, it's about the profit %. And that's a big one.

  • mcdermottmcdermott Registered User regular
    SkutSkut wrote: »
    shadowane wrote: »
    Finally had something sell after all this time. Not exciting like you guys, but I bought an Eternal Union for 52k, wore it for a while, then flipped it for 1.9 million. Not bad.

    It's not about the gold made, it's about the profit %. And that's a big one.

    I was super stoked when the Chantodo's set I won on bids for like 24k (12k each) went for like 5M combined.

    Very rare to get ratios quite like that.

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