Today's gem price spike

Today's gem price spike

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Posted by: Xehanort.4589

Xehanort.4589

What caused it? No new items in the gem store.
http://www.gw2spidy.com/gem

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Posted by: Farming Flats.5370

Farming Flats.5370

Thursdays and Fridays .. pay day

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Posted by: Vol.5241

Vol.5241

What caused it? No new items in the gem store.
http://www.gw2spidy.com/gem

Character slot is on sale.

[Permabanned on Forums]
[Currently Inactive, Playing BF4]
Magic find works. http://sinasdf.imgur.com/

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Posted by: Gasoline.2570

Gasoline.2570

I highly dobut a character slot would generate such a spike.

The balance team is chained to SPVP, and the PVE team is all about producing carnivals

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Posted by: anzenketh.3759

anzenketh.3759

I highly dobut a character slot would generate such a spike.

You underestimate the population of alt-aholics.

In Game: Storm Bluff Isle — Anzz, Anzenketh Kyoto

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Posted by: Gasoline.2570

Gasoline.2570

Really now, the gold to gem is awful and this spike made it even more awful completely ruining any chance to have a 20% discount. It just makes no sense.

The balance team is chained to SPVP, and the PVE team is all about producing carnivals

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Posted by: Rouven.7409

Rouven.7409

Really now, the gold to gem is awful and this spike made it even more awful completely ruining any chance to have a 20% discount. It just makes no sense.

The real currency vs gems stays the same.

Edit: Need more coffee – but you know what I meant.

“Whose Kitten is this?” – “It’s a Charr baby.”
“Whose Charr is this?”- “Ted’s.”
“Who’s Ted?”- “Ted’s dead, baby. Ted’s dead.”

(edited by Rouven.7409)

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Posted by: Vol.5241

Vol.5241

I highly dobut a character slot would generate such a spike.

I myself bought 3.

We also had a huge spike the last time we had this sale early on in the year.

[Permabanned on Forums]
[Currently Inactive, Playing BF4]
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Posted by: Nike.2631

Nike.2631

Sales are for people who buy gems with cash or prudently stockpile gems beforehand.

People who react to sales get a largely deserved hosing down.

“You keep saying ‘its unfair.’
I wonder what your basis for comparison is…”
- Jareth, King of Goblins.

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Posted by: Vol.5241

Vol.5241

Really now, the gold to gem is awful and this spike made it even more awful completely ruining any chance to have a 20% discount. It just makes no sense.

The 20% discount isn’t meant for people who convert gold to gems. It’s meant for players who want to spend real $.

[Permabanned on Forums]
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Magic find works. http://sinasdf.imgur.com/

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Posted by: Mourningcry.9428

Mourningcry.9428

Really now, the gold to gem is awful and this spike made it even more awful completely ruining any chance to have a 20% discount. It just makes no sense.

20% price discount is not equivalent to a 20% floating rate cut

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Posted by: InfernoCrossing.8063

InfernoCrossing.8063

Sales are for people who buy gems with cash or prudently stockpile gems beforehand.

People who react to sales get a largely deserved hosing down.

My opinion in a nutshell. I regularly pump my gold into gems every couple of days or so.

I also bought 3 character slots myself, so I’ll have at least one for each class. Debating on buying one more since I still have a decent pool of gems.

[Stormbluff Isle since September ’12] |VZ|
Ragnarune | Lily Vinheim | Voirdere
Viezza

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Posted by: Behellagh.1468

Behellagh.1468

Been waiting for this sale.

So who’s laughing at my “buy a few gems every day” philosophy now?

We are heroes. This is what we do!

RIP City of Heroes

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Posted by: Lane.3410

Lane.3410

Been waiting for this sale.

So who’s laughing at my “buy a few gems every day” philosophy now?

Same. Bought 2k worth of gems in March for 2g/100 in prep for a char slot sale.

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Posted by: Valshia.7652

Valshia.7652

I highly dobut a character slot would generate such a spike.

Why, when the last time character slots went on sale also caused a gem spike?

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Posted by: dinominator.9862

dinominator.9862

Been waiting for this sale.

So who’s laughing at my “buy a few gems every day” philosophy now?

That’s not a terrible way to do it, really.

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Posted by: Essence Snow.3194

Essence Snow.3194

Really now, the gold to gem is awful and this spike made it even more awful completely ruining any chance to have a 20% discount. It just makes no sense.

The 20% discount isn’t meant for people who convert gold to gems. It’s meant for players who want to spend real $.

Hopefully, if trend follows logic this should cause a decrease in gem price (gold>gems). If it indeed attracts more cash>gems players then they should have 180 left over gems from $10. Those extra gems have more potential to be converted to gold than the lack of extra gems prior to the sale…if that makes any sense.

However, I sorta doubt this will happen. Call it intuition, call it a hunch, call it a tin foil conspiracy, but we will see.

Serenity now~Insanity later

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Posted by: NibriAyid.3680

NibriAyid.3680

Yep I got a character slot as well, from my stockpile of gems I got by putting about half my TP profits into gold→gems. (Thanks to whoever’s forum post I saw a month ago talking about this idea.)

It seems EVERYTHING in the BLTC is about exploiting the impatient, including the gem exchange.

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Posted by: Behellagh.1468

Behellagh.1468

Yep I got a character slot as well, from my stockpile of gems I got by putting about half my TP profits into gold->gems. (Thanks to whoever’s forum post I saw a month ago talking about this idea.)

It seems EVERYTHING in the BLTC is about exploiting the impatient, including the gem exchange.

The whole “science” of marketing is based on manipulating and exploiting human nature.

We are heroes. This is what we do!

RIP City of Heroes

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Posted by: Ryuujin.8236

Ryuujin.8236

It’s Saturday.

All the weekend warriors are online – the influx of additional players always throws the TP for a loop, increased demand across the board coupled with increased supply in the materials sector.

…as well as us veteran traders all prepped and waiting to sell them our fine wares at an elevated price.

The Ashwalker – Ranger
Garnished Toast

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Posted by: ilr.9675

ilr.9675

Thursdays and Fridays .. pay day

That doesn’t make sense… Gems would be driven DOWN if ppl were using parts of their IRL Paychecks every friday. (which begs the question… WHY AREN’T THEY?). Nah it looks more like the only ppl still playing this game the most are the free-loaders. (proud to be a free loader myself just like I was in GW1).

PS: ridiculous Animal Hoodies…

Anet could stop this entire self-defeating cycle if they just removed that 30% penalty from people who exchange their Gems for Gold…. (shoulder that entire sink/penalty on the people turning Gold back into Gems…)

(edited by ilr.9675)

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Posted by: Behellagh.1468

Behellagh.1468

But you want them to buy gems with cash and this way they show no favoritism since both sides get penalized from the true rate.

We are heroes. This is what we do!

RIP City of Heroes

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Posted by: Articluna.4509

Articluna.4509

I’m up to 30 slots now, bought 5 slots this time.

Waited a bit to price get back down thou.

OooOOoohh, box of shinies. So many shinies!
Outsource rng → profit.

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Posted by: Pandemoniac.4739

Pandemoniac.4739

Thursdays and Fridays .. pay day

That doesn’t make sense... Gems would be driven DOWN if ppl were using parts of their IRL Paychecks every friday.

Only if folks were using those gems to buy gold. Gem store purchases like character slots etc. don’t affect the gold <-> gem exchange rate.

Don’t ever think you know what’s right for the other person.
He might start thinking he knows what’s right for you.
—Paul Williams

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Posted by: Gasoline.2570

Gasoline.2570

I’m up to 30 slots now, bought 5 slots this time.

Waited a bit to price get back down thou.

What could one do with so many slots?

The balance team is chained to SPVP, and the PVE team is all about producing carnivals

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Posted by: JakHammer.7094

JakHammer.7094

Here’s a little alternate thinking.

Spikes like this are great opportunities for lazy/rich people to get gold via conversion at a somewhat more favorable rate. I think that surly happens, but that body of players is probably such a small % that their effect on reducing spikes is slight. Just guessing of course.

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Posted by: Pandemoniac.4739

Pandemoniac.4739

Here’s a little alternate thinking.

Spikes like this are great opportunities for lazy/rich people to get gold via conversion at a somewhat more favorable rate. I think that surly happens, but that body of players is probably such a small % that their effect on reducing spikes is slight. Just guessing of course.

I am neither lazy nor rich and buy gems with cash. I don’t think I’ve ever converted gems to gold simply because there’s nothing I can buy with gold that I want as much as the things I can buy with gems. That in my opinion, is the primary reason why the exchange rate favors the gem to gold conversion. The gem store stuff is just way more attractive than the things that have to be bought with gold. The only thing I can think of in the game that I want enough to pay the going price in gold for is some of the cultural or order gear.

Don’t ever think you know what’s right for the other person.
He might start thinking he knows what’s right for you.
—Paul Williams

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Posted by: Enjoyluck.2618

Enjoyluck.2618

Preparation for next big event the dragon bash. I personal stock up like 3k gems.

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Posted by: Rebort.6295

Rebort.6295

Yep I got a character slot as well, from my stockpile of gems I got by putting about half my TP profits into gold->gems. (Thanks to whoever’s forum post I saw a month ago talking about this idea.)

It seems EVERYTHING in the BLTC is about exploiting the impatient, including the gem exchange.

You say “exploiting,” I say “providing a service for.” Services cost money.

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Posted by: PolarisNova.3867

PolarisNova.3867

Tempted as I was to buy the on sale character slot, I am saving what few gems I have left for the Dragon Bash (just in case there’s anything nice to buy).

I do feel sorry for people who have to convert gold > gems, it’s pretty terrible. I did it myself once, and regretted it.

~Lady Amelia of the House of Rose~

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Posted by: marnick.4305

marnick.4305

Really now, the gold to gem is awful and this spike made it even more awful completely ruining any chance to have a 20% discount. It just makes no sense.

I had a 20% discount. Then again, I have a job. This discount does not take farmers into account, and for good reason.

If I can’t play Guild Wars 2 at work, I won’t work in Guild Wars 2 either.
Delayed content is eventually good. Rushed content is eternally bad. ~ Shigeru Miyamoto

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Posted by: Gasoline.2570

Gasoline.2570

Really now, the gold to gem is awful and this spike made it even more awful completely ruining any chance to have a 20% discount. It just makes no sense.

I had a 20% discount. Then again, I have a job. This discount does not take farmers into account, and for good reason.

And what’s that?

The balance team is chained to SPVP, and the PVE team is all about producing carnivals

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Posted by: Ursan.7846

Ursan.7846

I had a 20% discount. Then again, I have a job. This discount does not take farmers into account, and for good reason.

Also got a discount, and I didn’t spend a single real-life dollar on gems.

(stock up on gems while they’re low, people!)

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Posted by: Duke Darkwood.4237

Duke Darkwood.4237

Tempted as I was to buy the on sale character slot, I am saving what few gems I have left for the Dragon Bash (just in case there’s anything nice to buy).

As someone else who buys his gems with cash, I ration myself carefully. I have “X” money to spend on gems. I will get those gems, and make them last. (I usually go monthly, but have changed it from “beginning of month” to “when the Living Story theme changes”. Always good to see the new goods when deciding how much of my mad money goes to GW2.) On VERY rare occasion, I spend gold on gems, usually because I’m slightly short of a purchase (say I have 450 gems and something costs 600).

I have no problem with spending money on GW2, because I want to support the game. I like the game. Plus, I don’t go crazy on the store. As I said, I set myself a limit, and if it runs out, so be it.

Anyway. Character slots will go on sale again eventually. I spent all my Southsun gems and had nothing for last weekend, but eventually, I will have gems at the right time.