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World of Warcraft: Token Supply Exceeding Buyer Demand, Price Tumbles

SBFordSBFord Former Associate EditorMember LegendaryPosts: 33,129
in News & Features Discussion

The 30,000 gold initial price for a World of Warcraft game time token on the auction house has tumbled to just over 21,300 a mere twenty-four hours after deployment. While the tokens are selling well, the number available is currently exceeding the demand of the players looking to purchase one. Bargain hunters looking for a great price for 30-days subscription time should keep an eye on WoWToken.Info to assess the current going price.

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Comments

  • LudwikLudwik Member UncommonPosts: 407
    Misread,mb.
  • Moguy3Moguy3 Member UncommonPosts: 70
    His point is that no one is buying all the quantity that is being put on the auction house. Not that gold is abundant.
  • KaladinKaladin Member Posts: 468
    Crap.....click baited again.  Here I was thinking it would be something catastrophic like a majority people can't even sell their tokens at all.  Nope, advertisement for some tracking site.

    I can fly higher than an aeroplane.
    And I have the voice of a thousand hurricanes.
    Hurt - Wars

  • KaladinKaladin Member Posts: 468
    History has repeated itself with these types of items by the way.  Doesn't take a crystal ball to tell you that initial sellers will put them up for higher than the price it will settle into.  Same thing has happened with every other game that does this.

    I can fly higher than an aeroplane.
    And I have the voice of a thousand hurricanes.
    Hurt - Wars

  • AlbatroesAlbatroes Member LegendaryPosts: 7,671
    Lol I'm happy I made all my money before quitting in january. Might go back to leave wow subbed for the rest of the year and not even play lol.
  • SBFordSBFord Former Associate EditorMember LegendaryPosts: 33,129

    Geez...OK reworded the title for clarity: Token Supply Exceeding Buyer Demand, Price Tumbles

    Better? :|


    ¯\_(ツ)_/¯ 


  • HowbadisbadHowbadisbad Member UncommonPosts: 453
    Who didn't see this coming, how are you going to sell for so high above what gold sellers are doing, lol.

    Waiting for:
    The Repopulation
    Albion Online

  • SephirosoSephiroso Member RarePosts: 2,020
    Originally posted by Kaladin
    History has repeated itself with these types of items by the way.  Doesn't take a crystal ball to tell you that initial sellers will put them up for higher than the price it will settle into.  Same thing has happened with every other game that does this.

    To explain why none of what you said applies to WoW tokens, Blizzard is the one naming the price. The people selling have no choice in how much they sell the tokens for, only Blizzard does. The only thing someone selling a token do is -wait- until whatever price Blizzard has set atm is at a price they wish to sell their token for.

    image
    Be the Ultimate Ninja! Play Billy Vs. SNAKEMAN today!

  • AmjocoAmjoco Member UncommonPosts: 4,860
    Originally posted by Kaladin
    History has repeated itself with these types of items by the way.  Doesn't take a crystal ball to tell you that initial sellers will put them up for higher than the price it will settle into.  Same thing has happened with every other game that does this.

    And history shows that it will all eventually balance out. It's something new so it will flop all over the place for a while like a Wacky Waving Inflatable Arm-Flailing Tubeman!

    Death is nothing to us, since when we are, Death has not come, and when death has come, we are not.

  • AreWeLiveAreWeLive Member UncommonPosts: 202
    Originally posted by Kaladin
    History has repeated itself with these types of items by the way.  Doesn't take a crystal ball to tell you that initial sellers will put them up for higher than the price it will settle into.  Same thing has happened with every other game that does this.

     The players selling the token do not set the prices, Blizzard does...

     

     If the prices drop down another 5-10k gold i might just buy one.

  • observerobserver Member RarePosts: 3,685

    This isn't surprising.  It's only been around 24 hours since the service went live.  Give it a couple months, and the prices will go up again, since most people that are interested in the new thing, won't need another token for 30 days.  People will eventually realize it's going to be a huge grind to acquire 20+ thousand gold again within a month, so they'll just end up paying $15 monthly instead.

    If you have plenty of gold to waste, then right now is the time to buy tokens, because they will go up in price later on.

     
  • WarlyxWarlyx Member EpicPosts: 3,367

    while grinding gold isnt slow , if u log in and play only to farm 20k ...by the time u do that u are on the verge of quiting out of boredom....better pay your 15 and have fun , that frustrate yourself farming and quitting just 2 days after buying the token :P

    however i expected the price to rise Oo , lots of ppl wanting to buy free tokens but since u only need to buy 1 every 30 days....

  • YaevinduskYaevindusk Member RarePosts: 2,094

     

    Almost tempted just to log on and buy ten years of subscription for a couple of my accounts.

    20k gold can be made in a couple hours in WoD today if you know how.  Heck, even people that I knew were perpetually without an excess of a thousand gold prior to the expansion are rolling in hundreds of thousands at the moment.

     

    :/

    Due to frequent travel in my youth, English isn't something I consider my primary language (and thus I obtained quirky ways of writing).  German and French were always easier for me despite my family being U.S. citizens for over a century.  Spanish I learned as a requirement in school, Japanese and Korean I acquired for my youthful desire of anime and gaming (and also work now).  I only debate in English to help me work with it (and limit things).  In addition, I'm not smart enough to remain fluent in everything and typically need exposure to get in the groove of things again if I haven't heard it in a while.  If you understand Mandarin, I know a little, but it has actually been a challenge and could use some help.

    Also, I thoroughly enjoy debates and have accounts on over a dozen sites for this.  If you wish to engage in such, please put effort in a post and provide sources -- I will then do the same with what I already wrote (if I didn't) as well as with my responses to your own.  Expanding my information on a subject makes my stance either change or strengthen the next time I speak of it or write a thesis.  Allow me to thank you sincerely for your time.
  • mbrodiembrodie Member RarePosts: 1,504
    Originally posted by Sephiroso
    Originally posted by Kaladin
    History has repeated itself with these types of items by the way.  Doesn't take a crystal ball to tell you that initial sellers will put them up for higher than the price it will settle into.  Same thing has happened with every other game that does this.

    To explain why none of what you said applies to WoW tokens, Blizzard is the one naming the price. The people selling have no choice in how much they sell the tokens for, only Blizzard does. The only thing someone selling a token do is -wait- until whatever price Blizzard has set atm is at a price they wish to sell their token for.

    You sir are incorrect, blizzard set a starting price as 30k, now the games economy determines their worth allowing people to sell them at whatever they consider fair.. thats why it started at 30k and now it's 20k because there is too much supply for demand so people are having to lower their prices.

  • SephirosoSephiroso Member RarePosts: 2,020
    Originally posted by mbrodie
    Originally posted by Sephiroso
    Originally posted by Kaladin
    History has repeated itself with these types of items by the way.  Doesn't take a crystal ball to tell you that initial sellers will put them up for higher than the price it will settle into.  Same thing has happened with every other game that does this.

    To explain why none of what you said applies to WoW tokens, Blizzard is the one naming the price. The people selling have no choice in how much they sell the tokens for, only Blizzard does. The only thing someone selling a token do is -wait- until whatever price Blizzard has set atm is at a price they wish to sell their token for.

    You sir are incorrect, blizzard set a starting price as 30k, now the games economy determines their worth allowing people to sell them at whatever they consider fair.. thats why it started at 30k and now it's 20k because there is too much supply for demand so people are having to lower their prices.

    Again. Blizzard is the one setting the price. They merely saw people weren't buying at whatever rate they found acceptable so they lowered the price. But the price is always in the hands of Blizzard. So it is entirely not at the whim of supply and demand. It is entirely in the whim of Blizzard. They are in full control of the price.

     

    The price didn't drop to 21k because "there's to much supply for the demand" it dropped to 21k because Blizzard already came up with a rate of how many tokens they wanted to keep circulating(read: selling) for a variety of reasons such as straight making money, or waiting until a certain percentage of gold has been removed from the game at which point they can raise the price for tokens because that is most likely one of their main goals with the token system.

    image
    Be the Ultimate Ninja! Play Billy Vs. SNAKEMAN today!

  • HorusraHorusra Member EpicPosts: 4,411
    Originally posted by Sephiroso
    Originally posted by mbrodie
    Originally posted by Sephiroso
    Originally posted by Kaladin
    History has repeated itself with these types of items by the way.  Doesn't take a crystal ball to tell you that initial sellers will put them up for higher than the price it will settle into.  Same thing has happened with every other game that does this.

    To explain why none of what you said applies to WoW tokens, Blizzard is the one naming the price. The people selling have no choice in how much they sell the tokens for, only Blizzard does. The only thing someone selling a token do is -wait- until whatever price Blizzard has set atm is at a price they wish to sell their token for.

    You sir are incorrect, blizzard set a starting price as 30k, now the games economy determines their worth allowing people to sell them at whatever they consider fair.. thats why it started at 30k and now it's 20k because there is too much supply for demand so people are having to lower their prices.

    Again. Blizzard is the one setting the price. They merely saw people weren't buying at whatever rate they found acceptable so they lowered the price. But the price is always in the hands of Blizzard. So it is entirely not at the whim of supply and demand. It is entirely in the whim of Blizzard. They are in full control of the price.

     

    The price didn't drop to 21k because "there's to much supply for the demand" it dropped to 21k because Blizzard already came up with a rate of how many tokens they wanted to keep circulating(read: selling) for a variety of reasons such as straight making money, or waiting until a certain percentage of gold has been removed from the game at which point they can raise the price for tokens because that is most likely one of their main goals with the token system.

    Even in a controlled market the supply was not meeting the demand so Blizzard lowered the price.  No matter if it is by artificial means or organic it is still supply and demand.

  • SephirosoSephiroso Member RarePosts: 2,020
    Originally posted by Horusra
    Originally posted by Sephiroso
    Originally posted by mbrodie
    Originally posted by Sephiroso
    Originally posted by Kaladin
    History has repeated itself with these types of items by the way.  Doesn't take a crystal ball to tell you that initial sellers will put them up for higher than the price it will settle into.  Same thing has happened with every other game that does this.

    To explain why none of what you said applies to WoW tokens, Blizzard is the one naming the price. The people selling have no choice in how much they sell the tokens for, only Blizzard does. The only thing someone selling a token do is -wait- until whatever price Blizzard has set atm is at a price they wish to sell their token for.

    You sir are incorrect, blizzard set a starting price as 30k, now the games economy determines their worth allowing people to sell them at whatever they consider fair.. thats why it started at 30k and now it's 20k because there is too much supply for demand so people are having to lower their prices.

    Again. Blizzard is the one setting the price. They merely saw people weren't buying at whatever rate they found acceptable so they lowered the price. But the price is always in the hands of Blizzard. So it is entirely not at the whim of supply and demand. It is entirely in the whim of Blizzard. They are in full control of the price.

     

    The price didn't drop to 21k because "there's to much supply for the demand" it dropped to 21k because Blizzard already came up with a rate of how many tokens they wanted to keep circulating(read: selling) for a variety of reasons such as straight making money, or waiting until a certain percentage of gold has been removed from the game at which point they can raise the price for tokens because that is most likely one of their main goals with the token system.

    Even in a controlled market the supply was not meeting the demand so Blizzard lowered the price.  No matter if it is by artificial means or organic it is still supply and demand.

    That actually is an important distinction as otherwise it isn't a true supply/demand system.

    image
    Be the Ultimate Ninja! Play Billy Vs. SNAKEMAN today!

  • HorusraHorusra Member EpicPosts: 4,411
    Originally posted by Sephiroso
    Originally posted by Horusra
    Originally posted by Sephiroso
    Originally posted by mbrodie
    Originally posted by Sephiroso
    Originally posted by Kaladin
    History has repeated itself with these types of items by the way.  Doesn't take a crystal ball to tell you that initial sellers will put them up for higher than the price it will settle into.  Same thing has happened with every other game that does this.

    To explain why none of what you said applies to WoW tokens, Blizzard is the one naming the price. The people selling have no choice in how much they sell the tokens for, only Blizzard does. The only thing someone selling a token do is -wait- until whatever price Blizzard has set atm is at a price they wish to sell their token for.

    You sir are incorrect, blizzard set a starting price as 30k, now the games economy determines their worth allowing people to sell them at whatever they consider fair.. thats why it started at 30k and now it's 20k because there is too much supply for demand so people are having to lower their prices.

    Again. Blizzard is the one setting the price. They merely saw people weren't buying at whatever rate they found acceptable so they lowered the price. But the price is always in the hands of Blizzard. So it is entirely not at the whim of supply and demand. It is entirely in the whim of Blizzard. They are in full control of the price.

     

    The price didn't drop to 21k because "there's to much supply for the demand" it dropped to 21k because Blizzard already came up with a rate of how many tokens they wanted to keep circulating(read: selling) for a variety of reasons such as straight making money, or waiting until a certain percentage of gold has been removed from the game at which point they can raise the price for tokens because that is most likely one of their main goals with the token system.

    Even in a controlled market the supply was not meeting the demand so Blizzard lowered the price.  No matter if it is by artificial means or organic it is still supply and demand.

    That actually is an important distinction as otherwise it isn't a true supply/demand system.

    It is a brokered supply and demand.  If blizzard never changed the price to match the demand it would not be a supply/demand system.

  • VolgoreVolgore Member EpicPosts: 3,872
    This whole thing including its ramifications just absolutely smells like typical Blizzard shadyness to me.

    image
  • SeelinnikoiSeelinnikoi Member RarePosts: 1,360
    According to my grand vizier of tinfoilness, this is a way for blizzard to earn an extra 5 bucks from a subscription. :)
    If you are a Star Wars fan, why not try the Star Wars The Old Republic?
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  • SephirosoSephiroso Member RarePosts: 2,020
    Originally posted by Seelinnikoi
    According to my grand vizier of tinfoilness, this is a way for blizzard to earn an extra 5 bucks from a subscription. :)

    That is nowhere near tinfoil worthy.

     

    Tinfoil worthy is saying Blizzard is behind most of the chinese gold selling websites themselves.

    image
    Be the Ultimate Ninja! Play Billy Vs. SNAKEMAN today!

  • quixadhalquixadhal Member UncommonPosts: 215

    It's really simple.  Just like EVE-Online and Guild Wars 2, the gold value of these tokens will stabilize just above what you could buy for $20 from the gold farmers.  Why is anyone surprised at this?

     

  • zaberfangxzaberfangx Member UncommonPosts: 1,796
    This what happen in wildstar, was going to happen, it's just going keep on dropping a tons more as there more tons wow players.  It Will stabilize after few months.
     
  • gervaise1gervaise1 Member EpicPosts: 6,919
    Originally posted by Horusra
    Originally posted by Sephiroso
    Originally posted by Horusra

     

    Even in a controlled market the supply was not meeting the demand so Blizzard lowered the price.  No matter if it is by artificial means or organic it is still supply and demand.

    That actually is an important distinction as otherwise it isn't a true supply/demand system.

    It is a brokered supply and demand.  If blizzard never changed the price to match the demand it would not be a supply/demand system.

    Yes ... and no.

    Just checked on one site (at random) and picked a US server (at random) and it came up with a price of 30k gold for just under $20. So no problem with starting the price at 30k but at 21k a gold buyer can get c. 50% more gold from a gold seller. (No idea what the average is as I say just checked 1 server at random - site wasn't even offering a 30% discount either as some are.)

    Now some people who are looking for gold will buy from Blizzard. But others - and there are a lot of sites so there must be lots of others - will go for the better price. So Blizzard don't have a free hand when it comes to setting the price - gets to low and tokens should become less popular.

    Will be interesting to see if Blizzard split the 30 day token into 3 @ 20 days or 5 @ 6 days making them "more affordable" to more players.

  • OyjordOyjord Member UncommonPosts: 571
    One thing I don't quite get...how do I buy a game time token off the AH in game when I don't have an active sub? Do I have to sub to get access to the AH to buy sub time? Lol.
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