Learning is Hard

First some business.

I changed the name of the blog. It was Athmet's Gold March, it is now The Slow March to the Cap. I did this to 1) remind me that my goal is to hit the cap and 2) let any potential readers know that it will take me some time to get there. I don't get a ton of time to play, so this will be a slow and steady forced march to the top of the mountain.

Okay, on to the talking about making gold.

This week so far I am in a HUGE HOLE!!! The Firelands vendors unlocked and I wasn't paying attention and didn't stockpile the one thing I could, Truegold. Now I had some success in the early hours of the race to make and sell the first one. I had bought and flipped some stacks people had listed at lower prices, and I had around 60kish gold in cash. That is when the greedy goblin kicked in.

I saw a stack of 20 listed at 750g each. I was out at lunch with family and friends and talking about it with the one that is just starting to get interested in gold making. We talked about why I would spend that much, what I could do with that lange a stack, and in the end decided I would buy it so I could get my wife and I BiS main hands. With Truegold being the main component in both of our weapons, I would just need some less expensive mats and almost be getting the weapons for half price. "Good deal" I though to my self. Then I saw the prices keep going up. So being greedy I relisted all 20 for what would have been a 150g profit each. But everyone else started listing at about that time, to the prices started going down, really far down being that is was coming up to a weekend.

Now this is were the learning come is for me. I learned that the Truegold market, and most markets in general, is slow. I saw the initial frenzy of listing and buying and got the mind set that that was "normal". It is far from normal in actuality. So being in that mindset I tried to keep the price a little higher, close to where my "big money" was gonna come from, and bought 10ish more Truegold. That is about when the bottom dropped out of the market. So many people were listing, and people stopped buying in large quantities. Yeah, I burned myself pretty hard on that one.

The good news out of all of this is it is just a fake currency in a non-real world. I'm set back from my goal a small amount, but nothing too crazy. I'm sure I will recover in time, especially with prices still hovering around 800g per Truegold. I'll just remember to stockpile next time, and try to not be so greedy.