3 ms·
I used to wake up before school, dump my entire stack of gold on the GE for bones (just the regular ones) at a few gp below average price. By the end of the day
by sharperguy 2y ago
I used to wake up before school, dump my entire stack of gold on the GE for bones (just the regular ones) at a few gp below average price. By the end of the day the order would usually be fulfilled. Then I'd dump them back on the market at a few gp above average price and it would be fulfilled by the morning.
Most days it would net me a small profit, ocasionally prices would fall slightly throughout the day and I'd lose a little, but equally some days it would rise and I'd make extra.
- andrepd 2y agoYou needed an FPGA to pull your orders on underlying price moves /s
- Spivak 2y agoHow could you lose money on a standing sell order for a higher price than what you bought it for?
- sidewndr46 2y agolots of video games charge a fee of in game currency for a transaction through an auction house or other system. It acts like a sink against inflation in the video game economy
- immibis 2y agoRuneScape did not, and did have massive inflation, to the point that some players would have trouble keeping their wealth in gold coins due to hitting the signed integer limit.
- sdwr 2y agoIf the market moves down after you bought, you are stuck holding the bag. You can either a) sell for a loss, or b) keep your item, and be unable to make further trades until the price (maybe?) recovers. Remember that OP put his entire stack into this, so he can't run the spread while his item isn't selling.
- ironSkillet 2y agoYou can have unrealized losses since it's possible that the value of your items is less than the value of the goods you paid to receive them. To repeat this strategy the next day, you need to convert your items back into gold and realize the loss (or just introduce more gold via other means).