"Diablo 3" cash to buy gold coins of the laws of the market analysis

Blizzard recently announced how they will conduct the auction house in cash gold trading video games approach, I think this is a more appropriate time to show how this works in the.

If you look at our Beta floating gold, you will find the daily ups and downs is very exaggerated, and sometimes even a day will be doubled. Officially on sale in the game after not the case. Beta where players because there is not much gold can effectively consume the place, but does not use real video games cash, so these data have no reference value.

So the money market in the end is what? Is very simple, mainly the supply and demand. As previously announced, Diablo 3 will provide a cash auction sale of gold coins with real money, but every 1000 gold sold as a unit, you only need to enter the amount you want to buy, the auction system automatically for you from the auction select the pool (usually a number of sellers) and in accordance with the average price per 1000 gold back to you a lump sum. This system allows a certain degree of money market video games liquidity, and greatly simplifies the Diablo 3 in the gold trade, to remove the player's view and tedious calculations

Any time, gold market, there will be tens of millions of transactions waiting list. This will be a lot of shiny shiny gold coins to cash based on current exchange rate list (that is, market value). Then the market value in the end is how come it?

Let's make a hypothetical example.

Such as the current market price is 1000 gold coins = $ 2.

Any time, gold market will appear like this video games(not standardized scale).

Each hour will have this amount of coins to be listed for sale:

Gold market, there are 1,000,000,000 (one billion) market price is $ 2. 99% of the transactions will be the price.

Market, there are 1,000,000 (1 million) lower average price than gold, such as $ 1.90. This situation actually appears only before the sale started. Lower gold prices to sell those people because they need money now.
Market, there are 100,000,000 (100 million) than the market price of gold to sell higher, such as $ 2.05. The selling price is usually higher in the long line of people, that they are waiting for the gold prices. This is important: This is why gold prices will rise!

Market, there are 10,000,000 (10 million) higher than the average gold price of the sale price will be many. These people are not in a hurry to sell gold coins, and will bet in the "price appreciation" here. Many people are looking forward to gold prices rose because of some things and (Note: for example, a new piece of information, more new players into the game, or festivals)