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Playing with Big Money

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Hey guys, Alfa here again and today I am going to share a question that I recieved from a fellow trader not too long ago.

Hey,
Really appreciate the articles you write on the site, they've helped out a lot. As a matter of fact I'm just a few days away from finishing predator, and I intend to sell it. I was wondering If you had any advice as to what to do to make the money (around 2500g at current price) grow?
I've never really spoken to anyone trade-savvy enough  for any amount of time to know what I'm doing, but I've met people with 20,000g+ and I'd like to have that level of security~
Thanks :P

Well, when it comes to dealing with big money/gold there are several things that you should keep in mind.  Here are some tips that I suggest for any trader with any sum of gold and wants to make their gold grow.

Keeping Track of Your Trades
When it comes to dealing with more gold, chances are that you will be buying a lot of different items (remember diversity is key!).  Keeping track of the quantity of items bought at a certain price is a good way to keep track of profit and losses.  A really, really good website that I would suggest is http://gw2tp.net/.  It allows you to keep track of your buy orders in an organized manner while also seeing the potential profit/loss if you were to sell the item on the spot.  You will need to create an account on the site in order to keep track of your transactions.  It is also a good way to see profitable items that can be flipped by simply looking at the main page.  Alternatively there is the old fashion pen and paper method you can use instead to keep track of your trades!

It might seem tedious to keep track of every single trade, but trust me: it worth it in the long run.  The history section of the trading post is nice, but really disorganized since often times your orders are fulfilled by many different buyers making it difficult to keep track of your items.  Being organized will allow you to make smarter selling decisions which will can yield you even more gold :)!  

Investing in Many Different Items
When it comes to investing with, say 2500 gold, you definitely should not "go big or go home" on a single item.  In fact, I would advise against it even if you are dealing with any sum of money.  It's incredibly risky, especially if you are really inexperienced and are still learning the "do's" and "don'ts" of GW2 trading.  Try diversifying your gold into several different items (not one or two).  Spreading out your investments on several items will reduce the risk significantly and save you a ton of gold from potential flop investments.  Of course don't forget to do your research before making any decisions!  Using GW2 Reddit or watching Wooden Potatos on Youtube is a very good idea to stay up to date with news in GW2 to help you make smart decisions when speculating future patches and content.

Crafting Legendaries
With 2,500 gold, it wouldn't be a bad idea to use that money to craft legendaries and sell for large profit!  Many people who you have met with 20,000g make their gold primarily off this method (as I too have met many people with over 20,000 gold that do this).  The only things that you cannot buy that takes a little bit of time are: map completion, obsidian shards (just do the silverwastes shovel train), gift of battle, and the dungeon specific gift.  If you are willing to do those things then you can be making hundreds of gold in no time (or as fast as you can finish the non purchasable items required for legendary). 


These are just a few suggestions that I can offer.  There are several other great posts on the blog that you can find very helpful to making much more gold!  Especially the smexy secret forums :D

As usual, feel free to shoot me an email at Dinosoarex@gmail.com or pm me in game at Dinosoarex.6594 if you have any questions :).  Also feel free to ask questions in the comments section!  I will likely be posting a article regarding speculation sometime soon :D

Alfa Q

The Maize Balm Farm

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You can make tons of gold really easily by simply using maize balm to farm trick-or-treat bags.

How to Farm:
(1) Organize a party of five guardians (guard works best imo)
(2) Each player buys 25 maize balm off the trading post (doesn't have to be 25. any amount is fine)
(3) Get a low level staff and have everyone remove armor
(4) Go to a location with lots of ambients such as Queensdale or Bloodtide Coast 
(5) Have one person use their maize balm on the ambient creature to transform them into candy corn elementals
(6) Kill the candy corn elementals for trick or treat bags
(7) Once everyone uses 25 maize balm sell your trick or treat bags
(8) Profit

Pros:
-Really easy gold. If you are tired of grinding SW or doing dungeons, I find this a pretty good alternative to keeping things "fresh".
-If you enjoy gambling, you can always open all your bags and sell items for profit. Typically what you get from opening the bags will be less than just selling them outright, but you will still make a profit. You do have a small chance at the rare Refractor amulets and an endless tonic which sells for hundreds of gold!

Cons:
-There will be assholes who ruin the farm by kill stealing. Typically when I see someone nearby, I wait for them to leave to avoid trolls and kill stealers. If they persist to interrupt your farming, try heading to another location.

Additional Tips and Info
-Try to get 3 ambiet creatures in the maize balm AoE. Of course, this is easier said than done, so getting 2 per balm is also OK.
-Once u get a hit on one of the candy candy corn elementalists, don't hit them anymore to allow the rest of your party to get kill credit.

-Bags are currently at 4s 13c.  Killing the maximum number of elementals possible with a full party that uses 25 maize balm each will yield you  1125 trick-or-treat-bags or over 45g at the current rate.


You can buy forum credit that supports me >>>HERE<<<.  I check the forums on a daily basis and there are also some other active, helpful, friendly moderators such as Draco444 and hype!

Sorry for the lack of posts recently.  I will try to make posts more frequently, but please be aware that I have been really busy for the past month!  As usual you can email me any questions or concerns at Dinosoarex@gmail.com or pm me in game.  Please note that if I am in a dungeon I probably will not respond to any messages that you send me so please hold them until afterwards xD

Alfa Q

Potential Free Gold Daily in Seconds!

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Hello everyone.  This is Alfa Q again, and today I am going to teach you all how to have the chance at making aprox. 1g and 50s per day in a matter of seconds.  There is no penalty for failure!

How to do this:
(1) You are going to need a character at or between lvl 21-39.  This can be done immediately with one of those birthday scrolls and a tome of knowledge!
(2) Head over to LA and complete any jumping puzzle.
(3) Open that chest at the end of the puzzle and pray to RNGsus that you get a silver doubloon!  You can simply "park" or leave your character in front of the chest so that you can open the chest again after reset!

How it Works:
Silver Doubloons can only be obtained by characters between level 21-36 via jumping puzzle chests or through opening certain bags of materials or via the mystic toilet.  As a result, they are really expensive on the trading post due to the scarcity of players who obtain them.  The fact that they are also used in the Gift of Juggernaut also keeps the supply extremely low and the price pretty high.  Leaving your lvl 21-39 character at the end of the jumping puzzle will allow you to have a chance at a silver doubloon by simply logging onto that character and opening the chest at the end of the puzzle!

Tips & Extra Info
- On characters level 37-38 there is a chance at obtaining silver doubloons and gold doubloons.  Since gold doubloons are really cheap, it would be best to use a character level 21-36 for the best chance at obtaining a silver doubloon.
- Completing the Weyandt's Revenge jumping puzzle will have a magnificent chest at the end, which will give you higher tier equipment opposed to the other puzzles in LA.  This can allow you to sell the items you get for more money.
If you would like, you can always do other jumping puzzles to have a greater chance at Silver Doubloons, but typically this is time consuming and not worth it because of RNG.
- If you have an alt account from that GW2 75% off sale, you can always park a character on that account at the end of a jumping puzzle for two chances at a silver doubloon!  You can do this while getting the daily reward on your alt to kill two birds with one stone :)


In the next few days I will be making an announcement regarding the Secret Forums and will be posting special gold making methods there soon! 
 
You can purchase forum credit that supports me >> HERE << 
 
This will help me afford a computer that can actually run GW2 on graphic settings higher than the lowest available and also obtain more than 15 FPS (1-5 FPS against world bosses).
Alternatively there is the large button at the top you can click that does not give me anything :(


As usual, you can pm me or mail me in game!  Also you can email me at dinosoarex@gmail.com if you have any questions or post in the comments section!

Alfa Q

Don't forget the Unidentified Dyes

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Alfa Q once again.  Today I am going to remind you of the good ol' Unidentified Dyes and explain why you can still invest in them to make a good amount of profit in the future!

If some of you have read Markco's past articles, Unidentified Dyes were (and still are) a great investment.  Ever since Unidentified Dyes flooded the market at a mere ~30s with the creation of account bound dyes, they have slowly been creeping up in price.  Even at 83s (at the time of writing), they prove to remain an excellent way to keep your gold in items. 

There are only 3 ways to obtain unidentified dyes (aside from the trading post), each of the methods being extremely cost or time inefficient.  Thus, they explain why Unidentified Dyes will continue to remain expensive and grow more expensive over time (and it also explains why you should be buying them now!).

Method 1: The Laurel Merchant
The first method to obtain an unidentified dye is by buying one unidentified dye with 5 laurels from a laurel merchant...  ONE DYE FOR 5 LAURELS!!!!  
At first, the conversion rate appears... well... extremely outrageous.  With 5 laurels you can easily buy 5 bags of T6 crafting materials which will yield you approximately 5g.  

So why would the rate be so ridiculously expensive?  Because Anet wants Unidentified Dyes to remain really expensive (otherwise the conversion rate would be much lower).  They are doing this on purpose.  This is also evident as they removed Unidentified Dyes as being a potential drop from mobs.  Because of Anet's stance on keeping Unidentified Dyes expensive, it is an incredibly safe investment!

Method 2: BL Chests
Another method to obtain Unidentified Dyes is through Black Lion Chests.  At the moment, this method is obviously very ineffective since it costs over 10g worth of gems for a key (at the time of writing).  In addition, there is only a small chance that you will even obtain one (and for +10g it isn't worth it anyways... for now at least).  Since farming Black Lion keys is no longer viable anymore, the current people who open BL chests will not drastically increase the supply of Unidentified Dyes.  It is just another small way that Unidentified Dyes can be obtained to continue to enter the market.

Method 3: Personal Story
When completing your personal story, you will be periodically rewarded "Bags of Loot" which has a very small chance of dropping an Unidentified Dye.  This is very time inefficient though since the chance to get a Unidentified Dye from the bag is really low.  This is another reason why the supply of Unidentified Dyes will remain very low.  The scarcity of Unidentified Dyes will lead to an increase in price over time.  As more people open dyes, the more expensive Unidentified Dyes will become!

Conclusion
Since the patch, the amount of sell orders in dyes has dropped dramatically from 85,000 Unidentified Dyes in supply the day of the patch to around 16,000 Unidentified Dyes (as of writing).  Now is a great opportunity to stock up!  Even if you can't buy massive amounts in bulk, try buying 10 or so.  Give it a try.  You might be thanking me in the future xD


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As usual: this is speculation.  You should always do your own research before making any decisions!
Of course, post your thoughts or questions in the comments!  Alternatively you can message or mail me in game!

Alfa Q

GW2 HOT Expansion and Game Director Interview

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Hey everyone, Alfa Q here again, and today I'm going to be talking about future investments for the Heart of Thorn expansion which is coming to Guild Wars 2 sometime (hopefully soon T_T).  Please note that like my last post, these items I talk about are very long term investment items (length really depends on when HoT is released).  Of course being very long term investments, they also have incredible potential to yield you tons of gold. 



New Legendary Weapons
"In the meantime, there will be new Legendary weapons based on current weapon types, as ArenaNet wants to provide players with more variety in looks and themes for the powerful weapons."
As Johanson has revealed, the Heart of Thorns update will bring a new set of Legendary weapons based on current weapon types.  Looking at the recipes for the current Legendaries, it is highly likely that the new set of Legendaries will also require the Gift of Fortune and the Gift of Mastery.  Thus, stocking up on T6 materials, Lodestones, and ectoplasm is a really good idea since people are going to be crafting them immediately.

Also... wait a minute...  Johanson just said "In the meantime, there will be new Legendary weapons based on current weapon types.  This implies that there may be other (legendary) weapon types built into the game in the future!  What does this mean in terms of making more gold?  Nothing at the moment.  But as more information is revealed about the Heart of Thorns expansion, you should be on the look out for clues that you can take advantage of before anyone else can to make even more gold!

"One new type of Legendary gear will definitely be putting in an appearance this year and will likely be a trinket such as a ring or amulet."
So I thought: Why would people buy a legendary trinket/ring/amulet?  Just for the ability to change stats on a ring that you can easily get from fractals?
My guildies helped me answer this one: What if the trinket/ring/amulet had a cool effect on your character?

Think about the Halloween Update last year.  From the trick-or-treat bags, you had a rare chance Oontz's necklace which had the Poly-luminescent Undulating Refractor (black, green, orange) attached to them (currently worth hundreds of gold).  It is highly likely that the legendary trinket/ring/amulets will come with a unique effect since each legendary weapon comes with a neat effect and since amulet character effects have been done before.

The addition of a Legendary trinket/ring/amulet means that certain ores and crafting materials will be rising in price.  Since trinkets, rings, and amulets are created through the profession of Jewelcrafting, it is highly likely that the recipe to create it will consist of Orichalcum and perhaps other gems/metals/lodestones.  In addition, there is the possibility that a Legendary trinkets/ring/amulet will require the gift of fortune and the gift of mastery just like Legendary weapons, so you guys should seriously be stocking up on T6 materials, Lodestones, and ectoplasm!  


More Challenging Content
With increasingly challenging content being brought into HoT, it is possible that certain runes and sigils may not be as overused as they currently are.  More people may try exploring other rune and sigil combinations on different armor sets.  Thus, certain low-priced superior runes and sigils are a good idea to stock up on just in case the future content will require different runes and sigils due to the increase in difficulty (you will have to do your own research on this one as I do not have a great enough understanding of runes and sigils to offer any useful advice).

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Like all my articles, these are suggestions, speculation, and tips.  You should always do your own research before making a decision!  
If you have any questions or if I missed something important, comment in the comments section!

Alfa Q

sources: 

You have Two Days to Buy an Alt

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Hey everyone.  Alfa Q again.  In case you weren't aware, Arena Net has decided to slash the price of Guild Wars 2 by a whopping 75%!!!  That is only $10 for an account!  For the low price of $10, there are several ways that you can utilize an alt account to its potential to make gold faster.  Please note that this offer is from March 6-8 and it may take you a little bit of time to break even (can be done in a week if you are fast enough).  

Double the Dungeons
By buying an alt account, you can make approximately 40g every day just doing dungeon runs.  That is a total of 80g a day if you also run all the dungeons on your main!!!  Of course, in order to do all the dungeons, you must be level 80.  A few days in EOTM can get you to 80 easily with xp boosters (I have done it in about three days on several characters).

Double the World Boss Rewards
You can slay world bosses two times a day with an alt character.  A great way to obtain tons of ectoplasm (from rares) and more chances at exotic weapons from the world boss chests!

Double the Daily Log In Bonus
A full cycle will yield the following total rewards:
 Just from logging in daily, you can receive 55 laurels which can be converted to 165 T6 materials!  That's around 16g a month for just going onto your account and clicking on the daily chest!  In addition to receiving tons of T6 materials, you will also get many other neat items.  "Gem Store Items," for example can be rare harvesting nodes which sell for around 100g a piece! (the wiki says that harvesting nodes are not a drop item, but several Guildies have confirmed they do drop from the Black Lion Boxes you get from log in).

Faster Crafting

Time gated crafting items can be crafted twice using your main and alt accounts!  You no longer have to wait until reset to craft another Bolt of Damask or Plate of Meaty Plant Food for profit!  In addition to time gated crafting, an alt account is incredibly useful for time gated items from vendors (i.e. the Lucky Envelopes from the Lunar New Years Update).

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Of course, these are just benefits to help you make more gold.  There are plenty of other benefits to buying an alt (especially for $10), but since this is a gold guide I won't go into detail on that.

Note that owning an alt account is not against the TOS of Arena Net.  Be aware that once you own the account, it is yours and no one else's.  Sharing an account is prohibited!

If I missed anything feel free to add it in the comments!  

Alfa Q

Year of the Ram Investments

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Sup everyone, it's Alfa Q here.  The Lunar New Year's update has ended, but it still isn't too late to buy the Lunar New Year's items for potential profit!  Keep in mind that most of the items I talk about are long term investment items and probably will not dramatically increase in price over the course of a few weeks.

Lucky Great Ram Lanterns
The Great Ram Backpieces are fairly cheap on the TP atm (around 9g a piece at the time of writing).  Perhaps that doesn't seem cheap to you but think again.  

Lunar New Years happens... well... once  a year.  You must keep in mind that Lunar New Years has a cycle that features a different animal each year.  The next year of the goat (in GW2 it is the "year of the ram" lol) isn't going to occur again until 2027...  Thus, as the supply of these backpieces decreases over time, the price is going to also rise dramatically.

Even if Anet decides to bring the ram backpieces back next lunar new years (which honestly wouldn't make much sense imo since they should just feature one animal per year) they are still likely rise in price throughout the year.  Anet will probably bring them back regardless in the next Lunar New Years update in the Divine Lucky Envelopes, but it will most likely be with a greatly reduced drop rate (to prioritize the latest animal backpiece).

Please be aware however that these DO NOT STACK.  So if you are buying in bulk, have a personal guild bank or an alt character to store these on.

Lucky Ram Lanterns
Similar to the Great Ram Lanterns, only a lot cheaper.  There are tons supplied in the TP, so it will likely take a lot more time for them to rise in price.  A cheaper investment alternative to the Great Ram Backpieces.

They also do not stack like the Great Ram Backpieces so be sure you have the inventory space or bank space for these items.


Divine Lucky Envelopes
A pretty safe investment for the price they currently are selling for (1g 36s at time of writing).  They are guaranteed to give you at least one Golden Ram Figurines (a junk vendor item) worth 88s with a rare chance at Ornamental Golden Trophies that you can vendor for 8g 88s 88c along with a chance at the ram backpieces, luck, fireworks, and food items.  As the ram backpieces decrease in supply and rise in price, Divine Lucky Envelopes will also rise in price.  

Fireworks
Yup.  Fireworks.  A unique xp item that has the ability to stack with food buffs, banner, utility, and guild buffs.  

Fireworks won't just rise in price for the players who want to powerlevel their character.  They are a visual appealing item that gives off a cool effect when used.  Guild fireworks, for example, allows players to show off their guild emblems when launching the firework into the sky while also gaining a 10% experience buff.  As guilds become an even more important and popular in Guild Wars 2 (with the Guild Halls being added into the future expansion) it wouldn't be surprising if most guild related items such as this one would rise in price.  

In addition to the neat effects of fireworks, Lunar New Year Fireworks are used in a recipe to upgrade the Lucky Ram Lantern Backpieces into the Lucky Great Ram Lantern Backpieces which will help reduce the supply and help increase the price.



This is my little overview on the Lunar New Years Update.  Please note that the suggestions that I provide are merely suggestions.  I cannot predict the future with 100% certainty, but I do try my best using the tools available.  You should also do some research yourself.  Use handle tools like gw2spidy, gw2wiki, and your experience with trading to decide for yourself whether these are safe investments or not.  I will be posting more tips/suggestions in the future.  You can always mail/pm me in game @Dinosoarex.6594 if you have any questions!

Alfa Q

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