Leaderboard: Do you speculate on WoW Tokens or other legal MMO RMT currency?

Is Call of Duty the next Activision franchise to migrate to Battlenet? Very likely. As Eurogamer broke earlier this month, players are now able to link their Call of Duty accounts to Battle.net – no doubt in anticipation for Black Ops 4.

I bring this up to MMO players because of the potential impact on World of Warcraft – specifically, token prices – as WoW players buy and sell their tokens to spend down their Blizzard balance to buy up the new CoD title (or cash in on the flurry). Redditors are current speculating about the incoming speculation, arguing that tokens prices have been relatively stable over the past few months, spiking for the Battle for Azeroth hoopla but ultimately settling back down. In fact, just covering the potential for a spike can cause a spike, one poster points out. Gamers will recall a similar situation last year when Destiny 2 landed on Battlenet, sending the token to record heights.

And that leads us to some Leaderboard fun. Do you speculate on WoW Tokens or other legal MMO RMT currency (like PLEX, C.R.E.D.D, etc.), or do you stay the heck away from that noise? Multiple responses are allowed!

Leaderboard: Do you speculate on WoW Tokens or other legal MMO RMT currency?

  • Yep, I speculate on tokens for profit. (12%, 11 Votes)
  • I buy tokens, but only for what I personally need. (26%, 24 Votes)
  • Nope, I don't deal with RMT token systems at all. (18%, 17 Votes)
  • I'd rather just pay cash than fuss with tokens. (23%, 21 Votes)
  • I find token systems too grindy to participate in them. (5%, 5 Votes)
  • I speculate in MMO markets, but not tokens specifically. (7%, 6 Votes)
  • No response / view tally. (9%, 8 Votes)

Total Voters: 79

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Blizzard did a good job squashing the potential for speculation on the tokens (via flipping or buying and holding), because mechanically it’s not possible to just buy one for gold and then relist or hold and sell it later. There is a roundabout way of turning gold to token to gold again, but you have to go through the middle step of converting the token to Battle.net balance, which means a 25% haircut because a token only redeems for $15 in balance, but it costs $20 to buy back later on.

This can be useful if you’re willing to pay the 25% commission to Blizzard to move a large amount of gold quickly from one realm to another. It could also be used to hedge against gold inflation if you’re going to be away from the game for a long time, like a year or more, by converting gold to balance and then redeeming balance later for, presumably, more gold due to the probably inevitable inflation over time. Worst case you lose a bit from the commission and profit little or nothing; best case you benefit from long term inflation enough to more than cover the commission and preserve the value of your in-game wealth.

But for short-term speculation, like on price bubbles, it’s unlikely the price ever will spike enough to net you an overall profit from flipping tokens through balance redemption; at least at this point we have not seen a spike yet that would make it profitable. But the spikes are a good time to buy a token or two with straight cash and sell for gold, if that’s something you do once in a while. And it’s easy by watching wowtoken.info to tell just when the price is peaking, due to the very predictable behavior of the back-end broker pricing system.

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IronSalamander8 .

All I’ve done with WoW tokens is a buy a few to sell in game for gold immediately since I play so sporadically I wanted an influx of gold to finance my alts via heirlooms and such. 20 bucks a pop about 3 or 4 times over the last few years is not a big deal and the extra gold is a huge help for me in game. I’ve not tried anything more involved than that.

PurpleCopper
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PurpleCopper

Speculation? That’s a good way to lose everything and be in perpetual poverty.

I’d say that only 5% of people who deals in speculation are able to escape with more than their pants.

MindArks’s crypto IPO is not going to end well.

Not sure if WoW fits the bill, but people will try I guess.

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Sally Bowls

Woop woop title police here. :-)

Unlike PLEX, REX, and other acronyms, one can’t really speculate on WoW tokens since, in spite of frequent comments about it, you can’t sell them for in-game gold. One can time your token purchases around events e.g. thinking new HS packs or OW skins are coming which will increase demand for tokens which will increase their cost in gold so … But not make a market like EVE PLEX.

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Sally Bowls

http://www.wowhead.com/wow-token-battlenet-balance-guide

Extra gold is obtained by purchasing WoW Token via the in-game shop for cash ($20 USD/$25 AUD/20 EUR) and then selling it on the WoW Token Auction House.
WoW Token (silver background) is the item that can be sold on the AH. This is different from WoW Token (gold background) which is the item that grants you game time. This is handy as you can’t accidentally click on WoW Token and use the item on yourself!

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Schlag Sweetleaf

.

tokentrade.gif
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Hirku

“No time to argue! Throw me the CoD, I throw you the whip!”

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Malcolm Swoboda

I’ve engaged in it. Specifically in RIFT I’ve sold REX a couple times, bought REX a couple times, and in Secret World Legends I’ve converted some Aurum to Marks. No more than $10s worth in my life though. I prefer to either subscribe or tip $1s every once in a while, not dump $10s-100s-1000s into a game system.

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Arktouros

I converted all my in game GW2 gold to Gems whenever I quit. They always go up in value and usually it takes about a year before it becomes profitable.

Venomlicious
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Venomlicious

The token price is getting out of control. In wod they were about 27k gold per but one expansion later they are 185k so they never settled back down

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Armsbend

Because revenue streams have increased accordingly.

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John Buczek

I think the most I ever paid for one was about 24K. I did buy several when they bottomed out around 17-18K. Wish I’d bought as many as I could at the time :)

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Axetwin .

Now they’re up to 300k+

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Opening up the balance conversion raised the equilibrium value of them quite a bit due to demand for people who are gold rich to get balance for buying games and expansions, for WoW and other titles. It’s been awesome for people who tend to do more cash to gold transactions, less so for those who used them as a way to subscribe for gold. There will always be some inflation over time as gold faucets inevitably are opened wider with each expansion, but it was the balance conversion feature that accounts for most of the run up since launch.

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Zora

One hour of overtime at work will net me more than one hour of grinding anything in any game, easy pick really.