Gold to Gems/Gems to Gold?
No, they’re not even close.
You will defenitly not get your money back if you exchange it right away.
“Average price” is what you pay and “Five day low” is what you get. I think that’s pretty much how it works.
Baruch Bay.
(edited by Torres.2890)
Ok thanks -disappointed, lol-
Ok thanks -disappointed, lol-
Would you rather have it be super easy to exploit and make money off of? The way the gem trade works can’t support an equal gem to gold ratio, it’s impossible.
Nesmee – Thief
[OHai] – Northern Shiverpeaks
[OHai] – Northern Shiverpeaks
You’re still making money….
You’re still making money….
I don’t understand what you mean?
Nesmee – Thief
[OHai] – Northern Shiverpeaks
[OHai] – Northern Shiverpeaks
You’re still making money….
I don’t understand what you mean?
You’re saying you make money off of this and is exploiting…
Did you not understand the part where 20 gold = 2 gems and 2 gems = 20 gold…?
I’m saying you still make money if you buy gems with your own money and convert to gold…
Add ~50 silver to the price of selling 100 gems and that’s what people pay for the same 100 gems.
If 100 gems has a sell value of 2 gold, it would have a buy value of 2.5 gold, thus frequent conversions of gems to gold to gems are unprofitable unless you can accurately predict a shift of more than 50 silver in the sell price over the buy price.
[edit]
The 5 day low is simply the lowest price the gems have been over a five day period.
The 5 day high is the inverse of the 5 day low.
The average price is the average of the high and low (with an acceptable level of variance) and is what you will receive within the same variance.
Fornicate like you’ve never fornicated before.
I am anti-censorship, for it doesn’t make sense to pander to a minority.
I am anti-censorship, for it doesn’t make sense to pander to a minority.
(edited by Coffeebot.3921)
You’ve got the complete wrong idea
The way I could exploit it if it were equal is I buy 5000 gems for x gold right before an update is announced. When the update is announced, the price of gems rises, I then sell all of the gems I have for a profit. Instant money. Very bad for the game.
Nesmee – Thief
[OHai] – Northern Shiverpeaks
[OHai] – Northern Shiverpeaks
You’ve got the complete wrong idea
The way I could exploit it if it were equal is I buy 5000 gems for x gold right before an update is announced. When the update is announced, the price of gems rises, I then sell all of the gems I have for a profit. Instant money. Very bad for the game.
Ok well I didn’t even talk about that nor think about it or mention it
You’ve got the complete wrong idea
The way I could exploit it if it were equal is I buy 5000 gems for x gold right before an update is announced. When the update is announced, the price of gems rises, I then sell all of the gems I have for a profit. Instant money. Very bad for the game.
Ok well I didn’t even talk about that nor think about it or mention it
You said you were disappointed with the way it currently worked, I informed you of the alternative.
Nesmee – Thief
[OHai] – Northern Shiverpeaks
[OHai] – Northern Shiverpeaks
You’ve got the complete wrong idea
The way I could exploit it if it were equal is I buy 5000 gems for x gold right before an update is announced. When the update is announced, the price of gems rises, I then sell all of the gems I have for a profit. Instant money. Very bad for the game.
Ok well I didn’t even talk about that nor think about it or mention it
It’s not about what you said, it’s an explanation. The reason why gems/gold and gold/gems conversion is different is because if they were equal then people could easily “play” the market to make a lot of one or the other.
For example, say 1 gold = 100 gems. I buy 2000 gems and convert to 20 gold. Next week there is a spike in values and 1 gold = 150 gems, so I convert the 20 gold back into 3000 gems. Then the values swing the other way so I convert the 3000 gems into 60 gold.
You can make a lot of in-game currency this way, and it enables gold sellers to convert (other people’s) cash into gems, then into gold to sell for more cash. So the conversion values are not set up to be the same.
Here’s the chart, select “all”
Gold->Gems rate is roughly 38.4% higher than the Gems->Gold rate. Right now you will lose roughly 83-84s converting Gold->Gems->Gold.
They don’t want players doing daily arbitrage on the currency exchange.
We are heroes. This is what we do!
RIP City of Heroes
RIP City of Heroes