Blizzard is a Currency Manipulator
Yay, a faux Donald Trump quote as my title! Finally! Dreams do come true.
Yesterday Blizzard launched their fake in Azeroth money for other fake Blizzard games / item money pyramid scheme and the value of the WoW token exploded. BOOM!
Yes it crashed right back down to earth quite quickly but last night when I checked at 11pm and it was pushing 100k I was disappointed. I have around 250k saved up, and in normal token times that is 4-5 months of subs. To see that evaporate to two and a half months did not make me happy. Things seemed to level down this morning. If you were on top of all the Blizzard news and views and had a ton of 50k tokens saved you literally could have doubled your fake money with Blizzard.
I know real money comes into play at some point (for me, I paid for my first two months with cash and have played “free” ever since) but I still don’t trust the token system. There is no regulation. Blizzard can do whatever they want with it, they can inflate the price, flood the market, etc. etc. They are not real goods that they can ever run out of so I find it hard to believe that every token bought is a token sold by a player. It makes more sense that they are just made digitally by Blizzard on demand to ensure the cash sales can keep flowing.
If I was a market person (I am not) and if I didn’t care about not paying a subscription to play WoW (I do) it could have been a fun moment to take a shot at a big gamble. I bet some players did, and at bare minimum this is a good lesson to pay attention to what Blizzard is doing with their token to gain some personal benefit. I have totally screwed this up – I had enough gold to buy 6 tokens at 30k, before the market jumped and settled in around 60k. Who knows where it will settle in now? If it goes back to 60k I’ll probably unload my gold into tokens to make sure it doesn’t climb again and stay. I keep expecting it to fall to some other level as at some point subs should decline, but I suppose that won’t really happen until content slows down. As it is, with another wing of LFR open this week, there is too much to do and not enough time to do it.