Normally I don't post on the weekends, but I'm going to post what I had for Monday a day early since it's about such an odd occurrence.
Ok I had an entirely different post lined up for today, but because of a bizarre instance with the AH, it must be delayed. You'll be reading a bit about it in my business report tomorrow, but I'll be going a bit in depth with it today. Last week starting on Wednesday day, the epic gem market was absolutely FLOODED! I mean retarded amounts of raw gems being posted in droves by hundreds of different people. The price of a raw gem dropped by over 30g in a single night. Cardinal rubies was down to 140g when it's normally seen at 170 for god's sake. Then as you'd imagine over the next two-three days the prices of cut gems dropped accordingly.
However once the Sunday rolled around the prices of raw gems went back up, followed by cut, and then supply was all but dried up. Ok you're probably thinking so what, floods and spikes aren't exactly news worthy. Shit happens. You are absolutely correct my friend, this sort of thing does happen in every market. But here's the kicker. If you read Anaalius' blog (points over to yonder blog list) you'll see that they had the same thing happen on their server around the same time as it did on mine. And yes they are on a different server than me. I also spoke with a few people I know on other servers as well and the exact same thing happened with them at roughly the same damn time. An unprecedented flood of epic gems. Complete crash of the market. Two days later it's as if it never happened and it's back just business as usual. What gives?
Naturally my gut instinct was telling me not to buy because we all know the market is going to crash some what soon. However with a new raid coming and the next expansion still being a long ways off I resisted the urge to flee and kept gobbling up all the cheap as hell gems that I could. In fact you could probably even hear my mage yell "OM NOM NOM!" with each buy out. That's how I wound up with the gigantic stokpile of raw epics that I have now. It's a damned good thing I kept buying because prices are back to normal and I haven't seen any 90g gems being posted in the last few days. Not even a single "titanium farmer" has been selling them in /2 lately.
Now this just begs the painfully obvious question... wtf? How could this huge AH event happen on several servers in the same time frame without it being patch day or some otherwise common occurrence (generally with advance notice). Normally when somebody on my server comments on a price spike or price crash I usually reply with "yeah sorry about that" because with my massive buying and competitive style I almost always have a large hand in it. Now I might be good at the AH game, but I'm not THAT good. I can't effect an entirely different server with my antics, though that would be pretty damn bad ass if I did.
So what are the possible reasons for this? Aside from these three possible answers, I am completely clueless as to any other explanation. Do you have any ideas? Has this temporary crash of the epic gem market happened for you as well?
Here's my three guesses.
Coincidence. You'll get your biggest supply of epic gems shortly after a WG battle ends because of all the honor that gets accumulated from so many people all at once. From HK's to quests to turning in SKS. What could have happened is that a ton of people did their full set of WG quests at the same time and went right to the AH. This is possible as sales have been rather slow during the week so maybe not many people were playing until Friday-ish and they all had their WG quests reset. Possible, but what are the chances of that happening on several unrelated servers? Who knows highlander!
It could easily be something as simple that this sort of coincidence happens all the time and this just so happened to be the first time that it effected me. Anything is possible I suppose.
Server glitch. Again going with the WG theory. It's possible that something could have happened on Blizzard's end that caused all the WG quests to reset for everybody. Since you can get precious EoF and top of the line end of expansion gear, on my server there's always a massive amount of people trying to do WG. Lots of people going in every 3 hours and getting a handful of gems leads to this sort of market crash. But unless there's a big patch or server maintenance going on the WoW servers are pretty damned reliable. However this is still a possibility because bugs do come up and nobody is perfect so something could have easily gotten mucked up to cause it. I have no idea for sure as I haven't done WG in ages.
Anaalius says: Direct rip from a comment blow.
"I guess it could be the time of the pvp season where most / a lot of people have completed gearing up in the gear they can buy with honour, yet they are still doing the daily battleground for arena points.
Nowadays when you win the first bg of the day you get normally at least 5k sometimes 8k honour points as well as the 25 arena points. this should mean after just 2 days everyone who does this daily should be able to buy a gem to sell, and this is after only one battleground a day. The poorer people who just need gold for repairs / flasks may just grind these bg's for the easy honour nowaday."
This blog is about discovering all of the ways to make money in Rift. There are no cheats, hacks, or exploits used in any of my methods.
After amassing a 2 million gold fortune in wow I decided to come over to Rift and see how well I can do there. It is my belief that the game does not matter as much as the methods used and mine have already been proven to work and work well.