Incidentally, there are already a multitude of subreddits which have formed for the express purpose of manipulating the public markets. This is a really interesting interaction, though it's somewhat skewed by the fact that a player can simply revert to a saved game if the stock they've purchased tanks.
The Best Part of Grand Theft Auto V is the Stock-Trading Platform
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Re: The Best Part of Grand Theft Auto V is the Stock-Trading Platform
#12The author needs to login to PSN or XBOX live, and create a Rockstar Social account. That unlocks the BAWSAQ market which is based on other players trades.
Re: The Best Part of Grand Theft Auto V is the Stock-Trading Platform
#13I...bought...twenty shares of Augury Insurance (which sells auto insurance — a good bet, considering all the cars I've been wrecking)
I'd argue the opposite, no? The 100-year-storm of destruction that we, as Player 1, unleash upon the poor Liberty City automotive world would probably make any insurance company run screaming and crying in the opposite direction of profitability.
"We had HOW MANY claims yesterday afternoon??"
:)
Re: The Best Part of Grand Theft Auto V is the Stock-Trading Platform
#14The BAWSAQ is by far the most interesting market. The BAWSAQ is an online market driven by the buy and sell orders of all 15M+ players.
Early on, before people started to realize how the market worked, I did some pump-and-dump schemes and made >$400M. That's a lot of money, even in GTA. Now that I have that much money I can drive stocks up or down and milk the market for all I want. GTA isn't just for blue color crime anymore.
I know that a few other players did equally well, I suspect they are doing similar market manipulating schemes.
Re: The Best Part of Grand Theft Auto V is the Stock-Trading Platform
#15The author needs to login to PSN or XBOX live, and create a Rockstar Social account. That unlocks the BAWSAQ market which is based on other players trades.
I don't have a Rockstar Social account and I've managed to use the BAWSAQ market, it opens during some of Franklin's assassination side missions given by Lester. It's not under maintenance throughout the entire game.
Re: The Best Part of Grand Theft Auto V is the Stock-Trading Platform
#16I...bought...twenty shares of Augury Insurance (which sells auto insurance — a good bet, considering all the cars I've been wrecking) I'd argue the opposite, no? The 100-year-storm of destruction that we, as Player 1, unleash upon the poor Liberty City automotive world would probably make any insurance company run screaming and crying in the opposite direction of profitability. "We had HOW MANY claims yesterday after…
That's what reinsurance is for :)
Re: The Best Part of Grand Theft Auto V is the Stock-Trading Platform
#17World of Warcraft's Auction House is similarly interesting. It can get really complicated trying to corner the market on different goods, although it's less integral to gameplay over all. It's more like an embedded minigame at times.
One thing I learned in that game is that while one can make a lot of money being the middle man, the real value is from labor (as far as WoW is concerned) -- but grinding for materials can also be monotonous and not so profitable if you don't go about it in the right way.
So, there are lots of addons (Auctioneer being the most popular) to help one track data throughout the market.
Re: The Best Part of Grand Theft Auto V is the Stock-Trading Platform
#18I...bought...twenty shares of Augury Insurance (which sells auto insurance — a good bet, considering all the cars I've been wrecking) I'd argue the opposite, no? The 100-year-storm of destruction that we, as Player 1, unleash upon the poor Liberty City automotive world would probably make any insurance company run screaming and crying in the opposite direction of profitability. "We had HOW MANY claims yesterday after…
I'm naive on this topic, but wouldn't a high number of claims be either neutral or positive if said level is anticipated or consistent (as in the crime-ridden metropolis of LS or LC)? Ultimately, all policyholders will pay through higher premiums, and it'd be easier to make a profit (in absolute amounts) on high premiums since bumping up $1000 to $1030 looks a lot less onerous than $300 vs $330. As I said though, I'm naive on this, but I'm guessing only unanticipated high levels of claims would hit insurers hard.
Re: The Best Part of Grand Theft Auto V is the Stock-Trading Platform
#19Interesting. I could see this as the intellectual genesis of an entirely different game. Imagine tying the virtual market to Bitcoins! One comment on being able to short... Based on how the game is described (I may be the only one the planet not to be an active player) it should be possible to short a stock. Every time you get new money, split the purchases evenly between all stock. (Can do a weighted average if you…
That's not a short, though. You don't profit on the difference between prices, you only get the chance to buy again at a lower price, but not sure if the stock will go back up.
Re: The Best Part of Grand Theft Auto V is the Stock-Trading Platform
#20Earlier quoted context omitted.
One thing you can do that I enjoy is invest in the AuguryInsurance (AUG) then start destroying a ton of cars. It actually causes their stock price to rise.
A few issues with this: 1. My understanding is that this has been widely theorized and fairly well researched, and most people have concluded that there's no relationship. 2. I don't understand why a rampage would cause the stock price of an insurance company to go up. You could argue that in the long-run, living in a town with regular rampages might encourage people to buy more insurance, but one would think that in…
Not that I've played the game, just skimming comments but here's a possibility:
although the game focuses on a single character and thus makes the actions of that character carry supreme importance, in the larger context the actual effect isn't that great compared to the average.
However, the media effect in the context of the game would probably be pretty fantastic, in effect creating free marketing for the company.
At least, that's how news media plays into things like that where I am living.