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/biz/ - Business & Finance


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15654217 No.15654217 [Reply] [Original]

World of Warcraft just tought me about REPO MARKET right now


So Im doing Auction House gameing and I saw this items that were had super nice price. But I had no money and all my auctions were up. I literally had nothing to buy with.

So I spam trade for somebody willing to give me a loan..

Deal is, I will SELL you my FELCLOTHx10 (item in game) worth 2 gold each, so 20 gold, and I will buy it back in 2 days for same amount + 2g fee.

Reason this is good deal for guy buying is that I can't scam him. FELCLOTH goes for 2g+ on AH so he can just sell it to get his money back. But if decide to sell back to me, he gets a fee. Thats 2g profit easy for him.

On the other hand if he wants to sell to auction house, he needs to pay fee for useing auction house and then house takes 5% cut from the sale AND he also needs to find buyers above 2g.

For me... INSTANT liquidity for my assets

Now I can buy cheap items, sell for x2 withing 2 days, get back my felcloth and pay a small fee.

win win

I literally understoon REPO MARKET right now

>> No.15654227

>>15654217
>World of Warcraft
>2019
never going to make it

>> No.15654240

wow economy is retarded simple and the fact you feel like you "learned" something from it shows how simple you are

>> No.15654258

>>15654227
Unlike anything of the past decade it's actually good.

Actually blows my fucking mind how they made this game in 2004

>> No.15654264

>>15654240
t. poorfag

>> No.15654285

>>15654217
Why not simply sell the fel cloth on the AH then without the 2g fee?

>> No.15654606

>>15654258
Playing it in 2004 was amazing

>> No.15654620

>>15654285
cuz he wanted the money right there and then, not in a couple of hours. And you'd have to check the auction house not to get outbid all the time

>> No.15654624

>>15654285
no liquidity

>> No.15654632

Get a life you fucking virgin loser.

>>>/v/

>> No.15654640

Mah dudes how does selling wow gold for crypto work

>> No.15654651

>>15654258
Eve released in 2003 if you want to use a real market

>> No.15654883

>>15654640
Fine

>> No.15654891

>>15654883
i mean how does the operation go , cant the guy that receives the crypto not send the gold or vice versa , how do they do it

>> No.15654955

>>15654227
>>15654240
>>15654258
>>15654264
>>15654285
>>15654606
>>15654620
>>15654624
>>15654632
>>15654640
>>15654640
>>15654651
>>15654883
>>15654891

I made a video explaining it better I think

https://www.youtube.com/watch?v=Gj3PNgrlByI

>> No.15655027

>>15654640
virwox.com probably

that's where I first got btc

>> No.15655052

Wow market is gay as fuck since any faggot will undercut you by a copper and market price can dump to vendor at any moment for anything.

>> No.15655099

>>15655052
This is why you let them undercut you. And others undercut them. And then you undercutiing some more with just 1 item instead of a stack. Pushing price as far down as you can. Even advertising in chat that you are selling very low or buying very low. Make that shit go down as far as it can.

Until some fucker puts up 5 stacks of that shit at insanly low price and you pick up all of that shit and other underprices items. Then remove your underpriced items.

Now you just wait for prime time for buying frenzy. People comeing home from school/work, playing, crafting. Shit suddenly explodes.

Now you've got that juicy stacks you got at retardely low prices and you put them up at premium. And people are buying. Because its frenzy time. People need those items. And they will take it all.

Different markets operate differently. But all markets operate. You just have to figure how the market you are in works.

>> No.15655211

>>15654891
Well ofc. but thats why you stick with trusted sellers/buyers - not something you find on /biz/

>> No.15655240
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15655240

>>15654258
By literally copy pasting EverQuest, which came out in 99. Then dumbing it down for future redditretards