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10-28-2010 @ 3:48PM
As a major player in the market and one of those 'competitors' - I find that your articles have a significant impact on things that I have speculated or deduced based on series of observations about changes that are coming into the game.By doing some reading and taking the time to figure out that next thing that will have a small window of profit, I believe that I've earned the right to reap a piece of that reward. Your articles, however, spread that info to people that would never had A) taken the time to figure it out or B) got involved in the area in the first place and thus, it undermines the work or speculation that goes into achieving large gains in a market. This issue is particularly true in markets with short time windows for return. So while I hear you on the one hand talking about magician's secrets, it's not that it's a SECRET, it's that it does take a bit of knowledge and research, and then a degree of speculation and capital to invest or not invest in a given area. Your articles have absolutely ruined multiple aspects of that part of the game, and I find that discouraging. While I'm not a stock broker or economist, if a stock was going to likely increase significantly, but there was a constant whistle blower with a huge audience on such things, you've ruined the chances of people who might have been counting on that stock spike. You'd also have a lot of angry investors out there...So, tone it down some, you're cutting into my efforts at reaching the new cap. :) You remove the fun from speculation when every Tom, Dick and Harry can read the info tailor made to the issue.
10-28-2010 @ 4:25PM
"While I'm not a stock broker or economist, if a stock was going to likely increase significantly, but there was a constant whistle blower with a huge audience on such things, you've ruined the chances of people who might have been counting on that stock spike. You'd also have a lot of angry investors out there..."You're right, you're clearly not a broker, economist or an information trader. Seriously, to have the gall to go on a pompous rant about how you deserve something and then whine about the same system that would enable you to get it, amazes me.If you were a real "player" of this game, you would recognize this disbursement of information as just another challenge, another raid boss, another source of fun. It sounds like you are just lazy and don't want to scope out your own niche market. Why should you be the only one capable of reading?
10-28-2010 @ 5:21PM
@FrugalityPersonal assaults aside, I believe that being gold capped on multiple toons before the change means that I probably know a little bit about this game of WOW money. To get to your argument, my post was not a rant. At the heart of it is that let my competition be the other competitors with the foresight, research, and investment skills be my competition. The 'niche' now, is 'what will become profitable that won't be posted on the Gold Capped article.' If that is what it takes to be a "real" player of the game, to use the information sources of an OP/ED article and beat the artificial, new competition, then the speculation aspect is made that much less fun and interesting. I don't think that I'm alone here in wanting him to SHHHHHHHH and pipe down on certain aspects that some of us took the time to identify and research. Post hints, just don't let the entire cat out of the bag. That undermines reasoning and intelligence. If, on the other hand, I'm competing against other true competitors in the game world with foresight, research and the wherewithall to burst into some niche market, then it is extremely enjoyable and more power to the competition. My only complaint is that efforts that might take weeks or month to prepare for 'X' given niche has been compromised by articles that appear the night or week before the market would have come to fruition.I supposed I'll concede this point as a new challenge, because I like the author (even though he buys achievements), and I must accept that this column is a new piece of the puzzle, frustratingliy so.
10-28-2010 @ 5:33PM
I'd recommend you look into liquidity v. information trading. http://som.yale.edu/~ws69/research/oltjfm.pdfJust because you are, at one point, privy to information that is not "general market knowledge," does not entitle you to an everlasting position of holding that information. The market is dynamic, always changing, shifting and where the real skill (not bruteforcing, launching batch auctions) would be in adapting with the market and predicting. It's hard, it sucks, but you complaining about the changes just seems so hypocritical to me. You gained that gold on arbitrage exchanges. It's like someone selling vanishing powder for 20g a stack or something on the AH and then complaining that it was no longer viable once people figured out they could buy it from a vendor.
10-28-2010 @ 5:54PM
Gypsy I hear where you are coming form but about one third of the content of WoW Insider is the experts telling the rest of us how do do X, Y, and Z in WoW.
10-28-2010 @ 9:21PM
"While I'm not a stock broker or economist, if a stock was going to likely increase significantly, but there was a constant whistle blower with a huge audience on such things, you've ruined the chances of people who might have been counting on that stock spike. You'd also have a lot of angry investors out there..."Let me capitalize the relevant portion of that statement:"BUT THERE WAS A CONSTANT WHISTLE BLOWER WITH A HUGE AUDIENCE ON SUCH THINGS,"Now, let me respond:http://www.cnbc.com/id/15838459There is no one louder, no one with a bigger audience than that guy. He's been proven to be just about as wrong as he is right, and his words can move markets. Here's the crazy thing though: Since he has so much influence, he can actually help manipulate markets. Now, he restricts himself (as many ethical analysts do) by blacking out stocks he talks about (in other words, he won't buy or sell within 10 days any stock he talks about). He also talks about big market trends.The net effect he has on the market? Absolutely zero. Now why is this? Let's answer that question by addressing something else you stated:"You'd also have a lot of angry investors out there..."What you fail to realize is that for every loser, there is a winner (talking about on a 1 to 1 trade). The winners in financial markets come in two ways: 1. Long-term investing in equities and financial instruments that appreciate faster than inflation, and 2. High volume-trading where you "win" more than you "lose."Now, there are other ways to become wealthy, for example building equity in your own business, home, education, career. But we're talking about financial transactions, which is what mirrors the AH activity. One can combine the two (as many of us do, for example by trading honor won in WG for gems and selling them on financial markets), but over time, you need to beat the natural economic inflation to be a "winner."As far as angry investors, like I said, for every loser, there is a winner. When basil posts this stuff, and the AH pvp'ers have their margins cut, that means someone on the other side is getting a better deal; this would be the AH non-pvp'ers. That being said, any really good trader knows how to make money in any economy (up or down). The difference is the rate at which you make money (the velocity of your gains will decrease with more competition).This final point is also a very good one:"Gypsy I hear where you are coming form but about one third of the content of WoW Insider is the experts telling the rest of us how do do X, Y, and Z in WoW."Wow is the biggest MMO in the history of gaming. To expect your "gold making secrets" to remain a privileged secret with you and your close circle of friends is unreasonable. I'm sure you can go dominate the AH oh Aion or any number of lesser MMO's where there is less information and probably less people talking about the game on the internet all the time.
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