Guild Wars 2

I’ve been watching a couple items on the TP. I regularly sell strawberrys that I gather everday, since launch in fact.

Shortly before the halloween patch, they jumped in price to over 1.5 silver. As soon as the halloween patch went live, they returned to the normal price range. See the attached screenshot, showing this spike (one month of activity shown)

Much more disturbing, was a spike that happened about an hour ago on chili peppers. The second screen shot shows a spike of a factor of 6.5 times or more. They went from 4 silver to 26 silver and then back down. The screen shot attached shows today’s activity (image is in the second post).

https://forum-en.gw2archive.eu/forum/game/bltc/Suggestions-to-reduce-market-manipulation/first#post610884

As shown in that link, John Smith has stated that he as seen no evidence of market manipulation posted. I’d like an explanation in these examples.

Second attachement showing the spike on the peppers that just happened.

And you’re entirely certain it’s not just some guy who accidentally typed the wrong number into the sell order box? Putting an item up for a very high price will only result in said item not being bought. Hardly ‘market manipulation’. I’d call it ‘self destruction’ more like it.

Wait So chilli pepper have been stable since launch and during that hour there was a spike almost 3 months later?

You really got them with this one

You really reached with this one its really obvious. Sorry this is bad OP and makes you look like you have no clue just being honest. Strawberries and Chili peppers have 1 spike since august.

Firebaall, as a quick question, do you understand the various line graphs that GW2Spidy presents in a graph, and what each of the pieces of graphed information mean?

I’m not trying to be nasty or condescending here – I am genuinely wondering if you’re misunderstanding the information presented.

What you’re seeing here in the case of chilli peppers is simply a large upward shift in the price they’re listed at, and a small upward movement in the buy order price (that interestingly does not mirror the upward spike in list price).

As someone said, this may mean that someone listed the item with a high price, perhaps on seeing that the market was almost out of supply (which again is a fact you can check with the graphed information, and in fact, this appears to be the case).

There’s no market manipulation here, this is known as capitalism… when supply of an item is low, price(s) will increase.

So, interestingly enough, if you try to buy, say, 250 chili peppers at 4s each, and you make a typo and type 40s each in the buy order box and don’t realize it before you hit the “buy” button, and also have enough gold on-hand, what will happen is it’ll buy up to 250 chili peppers at up to 40s each.

I made a typo like that once, where I tried to highlight a 2 and turn it into a 3, but it turned into a 23 instead. Lucky for me, I didn’t have a large quantity ordered.

Unless the user’s also buying up any chili peppers that are lower than his price, and putting up buy orders for the same, to prevent anyone from getting chilis at less than his price, I’m not really sure you can prove market manipulation with this one.

Not the first post on this with evidence. They still won’t believe you any more than the republicans believe in global warming, and for basically the same reasons. The people making the money off the current situation want to keep doing it, and are too myopic to realize that are ruining EVERYTHING in the long term. Even themselves.

That is not market manipulation, that is massive speculation before the Halloween update of what ingredients will be used in halloween recipes.

There was some information (I don’t know from where) that there will be a recipe called “Spicy pumpkin…” whatever, and thus people thinking Spicy -> chilli pepper.
People then bought a lot in order to sell back later expecting the prices to rise.
Then the update came. No chilli pepper in the recipe, everyone sell and the prices comes back to normal.

And it happened to a lot of ingredients.

That’s an Economic bubble, as in real life. And last time I checked speculation is not forbbiden by law, even when its consequences can be catastrofic… but that’s another debate.

The only evidence of manipulation would be kitten of someone buying every single instance of an item and then relisting it for a ridiculous price. Stop with your conspiracy theories, its speculation plain and simple. There was speculation before Halloween on sugar pumpkins, strawberries, cinnamon and many other things. Now they are all worthless again.

What hostyle said, basically. Though I cannot be certain of it, I doubt that any player is rich enough to completely buy out a single good and then relist it, unless it is a rather small market with very limited supply. And even then it is hardly a disaster. What’s the worst that could happen? An economic crisis is out of the question. Literally nothing in the game world depends on what happens in the trading post, unlike real life where it’s all interconnected. In fact, I’d wager the worst thing that could happen would be that some random chump can’t afford the leather scraps he needs to level his huntsman profession for a few days until the seller’s stock’s been emptied and new stock’s been supplied for lower prices by his competitors.

While technically not “market manipulation”, there is something somebody is doing to make a lot of money quickly by briefly increasing the price. It’s also not a result of “market speculation”. It’s definitely not caused by a “whoopsie” in missing a decimal point while entering a buy price.

1000s of peppers were sold during that price spike. I saw it happen in real time. A stack was sold without putting a dent on the availability during that short time.

…as for the strawberries, they trippled in price just before the halloween update, and were reset immediately after it went live. I could throw out wild accusations, but the purpose of the post is to show the irregularities that people are using to make scads of cash on.

So, you are complaining about someone making money from the bubble, but you either missed the opportunity or didn’t have the capital to do it?

As for your strawberry argument, it doesn’t take long for people to realize whether new recipes added will use them as ingredients or not, hence the quick drop right after the patch.

Firebaall.5127:

While technically not “market manipulation”, there is something somebody is doing to make a lot of money quickly by briefly increasing the price. It’s also not a result of “market speculation”. It’s definitely not caused by a “whoopsie” in missing a decimal point while entering a buy price.

1000s of peppers were sold during that price spike. I saw it happen in real time. A stack was sold without putting a dent on the availability during that short time.

…as for the strawberries, they trippled in price just before the halloween update, and were reset immediately after it went live. I could throw out wild accusations, but the purpose of the post is to show the irregularities that people are using to make scads of cash on.

Well if your using those pictures as examples then thats a blip on 3 months. 1 spike really? You could pick better items than that there are alot more better items that have been up and down up and down.

I bet if you look at black lion chests a week before the event you would see they spiked up. Yup everyone was buying them guy bought 500,000 of them Still didnt realy make a dent in anything as prices dropped back down again. You know there are alot of people that play this game right?

The chili pepper thing is interesting. Look at the volumes right before and during the spike. Leading into it, you had a total sale offer volume just over 200, and it dipped down to 150 at the peak. That market is extremely throttled; a buy order as small as 50 units, probably for around 3 gold, could have spiked it that high.

I’m also impressed by how quickly it corrected itself – unless whoever bought all those peppers needed them to manufacture something, they’ve lost a bunch of money on the turn-around.

Come on people act like this is some nefarious thing, i see it all day. I have 800+ hours in game more than half staring at the tp/spidy etc, and i can say that this happens on the regular.

If there are a bajillion whatsamajigs listed at a price u know is way lower than u know people will pay for, u buy all those up and relist them at the reasonable price. Sheesh.

This is literally the game for some people. Some like dungeons, others exploring and some play the market.

I have occasionally paid what would look like an exhorbitant price for something. But, I don’t normally. In those instances, I simply needed to have it immediately, and was willing to pay whatever it took to get it.

Sort of like convenience stores in real life. You pay through the nose for your chips and dip, but when you gotta have it, you gotta have it.

Do you know what is, in the Unites States at least, the most expensive way to buy soda (pop)? Vending machines. They’re “price-gouging”. Yet, people keep buying. Why? Mostly because they’re making up for not planning ahead. (Or, in the case of us Mountain Dew drinkers: we simply GOTTA have it!)

So, I’ve caused a few of those spikes. And thank goodness I was able to; I just HAD to have that potion of Undead Slaying (or whatever it was).