Exchange Market - a little bit of advice
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by Paul J Keating
I had given up on the exchange market as a way of making money, but in desparation I've been watching it again, and I have some advice for you all.
If you check the exchange market today you're likely to see something like this:
Lots of offers at or slightly above the 1G = $1000 CC mark. Demand for gold has been steadily dropping over the past few months, and now the speculators are pushing it below $1000.
But it can't drop below $1000 - why?
Because of this:
A bunch of CC offers at $1 = 0.001G (i.e. 1G = $1000 CC). Note the page number, over 80 pages of such offers.
Once those offers dry up, as they inevitably will through expiry, the Gold/CC will drop below $1000 barring some new offer that puts upward pressure on gold.
My suggestion to you is if you have a currency offer on the market at 0.001, take it down now and buy your gold from the market. If not, by the time your offer is picked up by someone the gold price is probably lower and you will miss out. Furthermore, the more people remove their CC offers, the faster the market will move toward the new equilibrium.
Disclaimer: The content of this article is general in nature, citizens should seek advice from their financial planner before making investment decisions
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DOOOOOO ETTTTTTTTT
If you're feeling a bit lucky you could also take a punt and buy some CC at 0.001, if the Gold price dips below $1000 you can buy your gold back at a profit. No guarantees, but it wasn't so long ago Gold was over $2400 so the fall seems sustained.
"Disclaimer: The content of this article is general in nature, citizens should seek advice from their financial planner before making investment decisions"
Wait what?
the drop is simply people needing CC for mutiple reasons, Rockets, AirStrike etc.
Way to make CC is to sell gold, the drop will sustain it's more whether people are smart enough to make the drop even further.
A bit over an hour since I published this and the 0.001 offers are now up to page 77, 5 pages of offers gone in the space of an hour. If that rate keeps up sometime tomorrow gold exchange price will drop below $1000 CC.
I am never any good at making money via MM
/me gives PJK all his money & waits for millions to come back in return.
Gold offer now at 989.999 CC 13 hours after posting, how low will it go?
how low will it go?
500 CC
its gone down to 905. What is causing the drop? is it the drop off of salaries?
I read your article about one hour after Day Change. I took a glance at the Monetary Market and saw ~80 pages with 0.001 offers. Two or three hours later there wasn't a single 0.001 offer left.
Weird.
There are a few other factors that I see.
1. People were hording gold, but now are selling to play the market.
2. Airstrikes are a big cash grab.
3. Prices on food and raw (weapons too depending on the day) have dropped big time. I used to be able to make $1800 cc, just working my land. Now I make around $500. I can not buy as much gold as before, so "demand" is down.
Pulling together everyone's comments it is like most price changes movement in supply/demand. Lower supply of CC (low prices/wages) and higher demand (airstrikes, rockets, offers that require weapons/food purchases) will lead to higher exchange rate for CC. I suspect just before the drop there was some coordinated market intervention to buy up the CC offers at 0.001.
You caused this PJK it's all your fault that we co-coordinated >.>
The biggest single factor is the Rocket Mission. People are using their gold to upgrade rocket factories and need to buy weapons to build the rockets to complete the mission to build 3 rockets by day 1742. the exchange rate will fall again after that day passes. MARK MY WORDS.
Another factor is the absence of the market bot. The market bot pumps currency into the system by magically printing it then using it to soak up overproduction. With the bot apparently on holiday (probably not needed during missions) the overall money supply is shrinking due to currency sinks and natural attrition of citizens with money in their accounts.
Shit, too late for me, bought 10 gold at 0.001 yesterday. 🙁
So now we can't make any credits on our factories and we can't make any speculating on gold, basically this is now a pay to play game?
Hopefully it gets back down under $100 per gold \o/
Platod supposedly has a bot which buys up Gold-CC offers.. and maintain the rate..