Reverse-Psychology Price Raising

So, is this feasible?

1.) Buy all of an item on the market. For example, the OMFG.

2.) Let's say it's price is 400k. Buy a ton of them, list them at 700k.

3.) Transfer some gold to your mule, and buy a bunch of them from your main at 700k

4.) Keep trading them back and forth at 700k, to keep the price up.

5.) You'll slowly lose gold with the 2% thing, but it will be worth it.

6.) Finally, list 1/4th of them on your mule at 700k.

7.) List the rest on your main for say 600k, so it looks like you're undercutting someone who's trying to inflate the price.

8.) The average price will be at 700k, and yours is at 600k, 99% of the listings (Your mule's listings) will be at 700k, so yours will look like a good deal.

9.) People start buying yours, and you sell them one-by-one, still "Undercutting" your mule

10.) Suddenly, people start selling for 600k-500k, which has raised the price by 100-200k

11.) Once other people start selling for that raised price, un-list all the ones from your mule and transfer them back to your main

12.) Sell those last few one by one for that same raised price

13.) Congratulations, you've just inflated the price by 100k-200k, and you've dumped every item you bought for that raised price. Now that your bunch of 700k ones aren't listed anymore, the price may start falling back to the original 400k, but more likely than not it will only fall to like 500k, because of the fact that "a vender" was selling for 700k, and someone undercut him 100k and sold at 600k, and then it will naturally lower to like 500k. So congratulations, you've successfully inflated the price by a hundred thousand gold.

Is this feasible at all? Just wondering, I've always been tempted to try it but have never had the resources to do it.

Not at all. People aren't that stupid (granted some will be, but not enough) and a factor you aren't considering is that you are not the only one with that item so while your trying to undercut yourself people will be undercutting you at the same time your trying to undercut them (that's what used to happen anyway) so odds are it won't even make it to the part of you making money due to the fast pace free market. People know average prices (mainly vendors/exchangers) so once they see that "Item X" is selling for even 100K more that it was the ones who actually did hoard it from the start will jump on that spike to make a quick buck. Undercutting the undercutter.

Edit: Also don't forget that the monthly items also have a letter counterpart that people often use to determine if items are inflated

Not really, it would require shit tons of gold to buy all of an item. Also the rest of gaia will sell theirs lower then you at the 600k part.

There are people actually keeping track of items, sure, you might sell a few but over 5? No.
Gaians are very well aware of bots and users shuffling the MP, so there would be no point.
Even popular items don't sell that fast anymore

Flareboy323 wrote:

So, is this feasible?

1.) Buy all of an item on the market. For example, the OMFG.

2.) Let's say it's price is 400k. Buy a ton of them, list them at 700k.

3.) Transfer some gold to your mule, and buy a bunch of them from your main at 700k

4.) Keep trading them back and forth at 700k, to keep the price up.

5.) You'll slowly lose gold with the 2% thing, but it will be worth it.

6.) Finally, list 1/4th of them on your mule at 700k.

7.) List the rest on your main for say 600k, so it looks like you're undercutting someone who's trying to inflate the price.

8.) The average price will be at 700k, and yours is at 600k, 99% of the listings (Your mule's listings) will be at 700k, so yours will look like a good deal.

9.) People start buying yours, and you sell them one-by-one, still "Undercutting" your mule

10.) Suddenly, people start selling for 600k-500k, which has raised the price by 100-200k

11.) Once other people start selling for that raised price, un-list all the ones from your mule and transfer them back to your main

12.) Sell those last few one by one for that same raised price

13.) Congratulations, you've just inflated the price by 100k-200k, and you've dumped every item you bought for that raised price. Now that your bunch of 700k ones aren't listed anymore, the price may start falling back to the original 400k, but more likely than not it will only fall to like 500k, because of the fact that "a vender" was selling for 700k, and someone undercut him 100k and sold at 600k, and then it will naturally lower to like 500k. So congratulations, you've successfully inflated the price by a hundred thousand gold.

Is this feasible at all? Just wondering, I've always been tempted to try it but have never had the resources to do it.

To put this in a. Economic perspective, no. As prices raises a finite demand decreases. Additionally supply increases because of more people willing to sell due to inflation. Prices would eventually shove back down. You're better off speculating And riding a trend for profits.

This wont work, because other people selling the item will keep the average price very low. Your main will just look like an idiot who is trying to oversell the item.

I once heard people got banned from World of Warcraft for doing this, wouldn't that assume it is possible to take control of a sector in the market?

too much work if ya ask me :/

i dont think so

could be

No, the main problem is others who have the item will want to sell it lower.

uh

I like the idea though!

If people have the same item, they might do what I do when selling items and price it slightly lower (like I do with fish, pricing them usually around 5-10 gold below the highest market price so it's certain to be sold).

It'd only work if you also bought up items that venders were trying to sell under you then maybe, just maybe, you may inflate the price some. Or you could get a bunch and get the account banned, then there would be less of the item, so less get sold and the price goes up.