|Do You Trust Your Sources?|
Not All Sources Are Honest
As a blogger in the World of Warcraft gold making scene, most of us have the objective of helping out our readers. With the increase in traffic and growth to a site's reader base comes an increase in responsibility. We as WoW gold bloggers are responsibile for providing honest, accurate, and timely information to our readers. Most of us gold bloggers use our powers for good, while there are some out there that will use their powers for evil.
Some sites actively engage in the art of in-game market manipulation through out of game gold blogging articles. Bogus articles designed for nothing more than to influence market trends on their own server to make their own pockets richer. The bigger you become as a site, the more reach and influence you have as a blogger. Just because a site is bigger or more popular, doesn't make it accurate or honest for that matter. Let's take a look at a completely bogus article written based on lies. Why would someone lie to their reader base? To increase their own profits at the expense of the readers who blindly follow their suggestions and fall prey to the trapped laid by the author.
Blogger Market Manipulation In Action
|The Tease On Twitter From @Mageshadow|
July 25th, 11:00 AM, @Mageshadow of Just My Two Copper send's the above tweet to tease the JMTC readers about the "awesome post showing a way to obtain cheap and easy Greater Planar Essences."
Current Greater Planar Essences price on Mageshadow's server at the time of writing: 23g
July 29th, 8:00 AM, Mageshadow's less than accurate post on Disenchanting auction house items for Greater Planar Essences appears live at Just My Two Copper. Review the garbage post at JMTC by Mageshadow here.
Current Greater Planar Essences price on Mageshadow's server at the time of posting: 9.25g
Within the article at JMTC, Mageshadow states,
"With Greater Planar Essence at 29g/per on my server, I can afford to pay up to 30-35g per item as each item has a chance to give me 2-3 essences."
What? 29g per? Lies...
When he wrote the post GPE was at 23 gold, not 29 gold, and by the time the post went live the price was already down to 9.25 gold. Within hours of the post going live, the price drops down to 6.89 gold each. This is a major difference from the 29 gold per Essence numbers that Mageshadow was fictitiously promoting.
The strategy that Mageshadow reported doesn't even work on his own server, like he reported. He's not seeing 29g Essences on his server. As the day continues and the market becomes even more flooded with Greater Planar Essences hanging out below 7g each almost all day, someone comes along along at 9:00 pm and buys out the aution house and resets the Greater Planar Essences to 29.98 gold each. Hrm...Wonder who that was?
The Undermine Journal also shows that the average price on all servers hovers around 14.5 gold, so the "Awesome post to obtain cheap and easy GPEs" isn't really very awesome. Hell, it isn't even accurate or a viable strategy on many servers according to TUJ data.
So a misrepresented auction house item price was posted to the blog with the most traffic and the blind followers gave it a try before checking the prices on their server's auction house. The fools created a lot of GPEs, flooded the server's market, and then someone snatched up all of the cheap GPEs and relisted them for close to 30 gold each. Market manipulation at it's best. Well played sir, well played.
Learning From This
The moral of the story is to always check if a gold blogger's strategy is going to be viable on your server before jumping all in with your gold investment. Sometimes a certain strategy may not be viable on your World of Warcraft server and other times it may just be a purposefully misleading post designed to lure you into unloading your goods at a less than ideal price. Play smart and research your markets independant of what you read on gold blogs.
Are you being used?
Anyone else seen any other examples of this type of market manipulation by bloggers?
|Resetting the Market After a Flooding|
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