Group Hoarding/Artificial inflation

Printable View

14 Mar. 2013, 08:35pm
SilkyNick

Group Hoarding/Artificial inflation

Anyone ever been part of a group hoard ? I remember back before I stopped playing a few exchange friends and I decided to hoard a bunch of the limited time GC items and jacked the price up from around 100,000g to about 700,000g for about a month until people finally purchased enough that we didn't own the market majority, but by that time we already made at least 1M profits a piece

I haven't looked at the market much lately, but would this still be possible to do (it took a lot of time and dedication to keep it going that long) or would it fail because gold isn't as scarce as it used to be and people are more aware of this kind of inflation.
14 Mar. 2013, 08:54pm
GAMEchief

I hoard in TF2. I tried on Gaia, but it only worked once. IDR what the item was, but it was during some Snoop Dogg promotion. Item went from 1g to 100g. Took me weeks to buy all of them below 100g. But it never went down again.
14 Mar. 2013, 09:01pm
SilkyNick

Ours dropped like a sack of rocks as soon as people decided to start undercutting our prices, but for a while we had people who figured out what we were doing and actually went along with it. I used to play TF2, but I ended up just giving up on playing because my FPS never would break 25 in a fire fight.

I remember the snoop dogg promotions haha that's around the time I was leaving Gaia if I remember correctly
15 Mar. 2013, 04:23pm
323

If anyone wants to do it I'm definitely down, do you guys wanna?
15 Mar. 2013, 04:42pm
SilkyNick

I'd have to have like two months prep because I have maybe 100k on Gaia if that anymore.
15 Mar. 2013, 07:14pm
323

Oh okay, will do. How much cash would you recommend we have on hand before we start doing this?

Also, anyone else here up for it?
15 Mar. 2013, 10:30pm
GAMEchief

Quote:

Originally Posted by Flareboy323

Oh okay, will do. How much cash would you recommend we have on hand before we start doing this? Also, anyone else here up for it?

Depends on what you're hoarding.

I can start the next version of LGaia that contains the one-click-buy Marketplace feature if we can decide on whether or not we want to hoard something.
17 Mar. 2013, 02:53pm
SilkyNick

Ah that would be handy ill watch the market and keep m eyes on a few items while I try and get a sum of gold together. If I see any worthwhile items ill take note and we will decide what to attempt it with, worse case scenario is we're stuck with a blah item.
17 Mar. 2013, 03:04pm
323

Well I only have like 500-600k to work with right now, so I'm pretty limited :P If you guys wanna do this though, I'm definitely down. We should keep an eye on the market, like you said.

Also, Charles, that would be a really handy feature, and make normal Vending a breeze. I think you should add it.
17 Mar. 2013, 04:24pm
danoslen

Can i join in on this?
26 Mar. 2013, 02:57pm
Nevik

Quote:

Originally Posted by Flareboy323

Oh okay, will do. How much cash would you recommend we have on hand before we start doing this?

Also, anyone else here up for it?

I know im new, but i have about 12 mil to invest ~
26 Mar. 2013, 05:04pm
Tree

In all honesty, I wouldn't even bother trying to artificially inflate items, it rarely works and the pay out is rarely worth it if ever.
26 Mar. 2013, 05:07pm
SilkyNick

Quote:

Originally Posted by Tree

In all honesty, I wouldn't even bother trying to artificially inflate items, it rarely works and the pay out is rarely worth it if ever.

That's what I figured, specially now adays with how much pure people hold on average
26 Mar. 2013, 07:03pm
-0- D i o r -0-

Cyanide's script is good for buying things below a certain price. If only I could get it to work :(
26 Mar. 2013, 11:10pm
323

Quote:

Originally Posted by -0- D i o r -0-

Cyanide's script is good for buying things below a certain price. If only I could get it to work :(

I wish it automatically updated prices D: Heck, if I can get my HTTP working in Java, I\'ll re-make it with auto updating prices in Java haha.
27 Mar. 2013, 12:38am
Tree

Quote:

Originally Posted by Flareboy323

I wish it automatically updated prices D: Heck, if I can get my HTTP working in Java, I'll re-make it with auto updating prices in Java haha.

I was thinking of making a Market Bot, where you set a list of items you want scanned, and each item will have a thread or two dedicated to just scanning for that item, and if it finds an item under a certain percentage threshold of the average (which I have a JSON view of getting that info somewhere unless I lost it). Then just to overkill it some more, have a few threads completely dedicated to buying, so that you will continue scanning even as you have several threads trying to buy the same item (raising chance of you getting it). Honestly though, I never bother with the "over-time" profit methods really, they are boring to me so the chances of me doing this are low.
27 Mar. 2013, 02:19am
-0- D i o r -0-

Quote:

Originally Posted by Flareboy323

I wish it automatically updated prices D: Heck, if I can get my HTTP working in Java, I'll re-make it with auto updating prices in Java haha.

Meh for the purpose of hoarding three different items, it shouldn't be much work. Simply edit it when the prices goes down. Delete all the stuff already in the script and re add what you want to buy