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30 Markets in 30 Days: #12

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This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #12: Chocolate Bars


At the moment these are on the rise, so they've become rather easy flips. In 2 minutes I flipped 100 chocolate bars for 7 silver profit, on top of everything else I was working on at the time. Come on now, who doesn't like chocolate bars?

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #11

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This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #11: Gossamer Crafting Materials


Crafting materials are almost always profitable flips. Why? Because people don't want to wait to craft, so they use buy out prices. They also don't want to hold on to outdated materials that no longer grant levels, so they sell to the highest buy order. This combination of poor decision making based on instinctual need instead of intellectual patience is where you can step in and make a profit.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #10

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This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #10: Strong Ring (level 44)


There's always a market for the weaker version of people's favorite items. This is because players usually can't afford the best and therefore are content to settle for second place over and over again when purchasing gear. While leveling, green upgrades are usually huge increases because players wait so long between each new piece. At level 44, many still have a sub level 20 item in at least one of their trinket slots. The Strong Ring can usually double your investment.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #9

4 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!


Market #9: Major Sigil of Bloodlust


Not everyone can afford exotic quality sigils and runes. For those people, yellow is their favorite color. A crafty player can get a lot more money flipping the rares instead of their exotic cousins because people see the huge difference in price and don't bother to place buy orders. The margins are almost always capable of giving you back double what you invested or close to it, while flipping exotics rarely is even worth 5% back in profit after fees.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

Making Money Instead of Gold

4 comments

Thanks again for reading this blog. If you've been on the email list for a bit then you've probably heard me say "What can I do to help you?" more than a few times. I'd like to repeat that same question here, and try my best to answer your inquiries publicly.

So feel free to leave comments after reading this post, and I'll do my best to direct you to the proper links or other websites for answers. Now that my favorite question is out of the way, I'd like to talk to you about blogging.

Guild Wars 2 needs more bloggers. Period. I'm not saying that the current ones are bad, far from it, but there should be way more of them. When I look for blogs about this game, or even individual professions, I get mostly spam and garbage websites attempting to sell gold. Or worse, autoblogs peddling adsense all over the screen. We can change that by doing two things:

1. Improving the Google ranking of Guild Wars 2 blogs that already exist.

2. Getting you to blog if you don't already.

There are many incentives for blogging, and I understand that for most bloggers their website is a journal and hot spot for interacting with friends. They care little about "making it big" or becoming popular. Just a little social interaction and the occasional comment is enough to keep them going. Unfortunately, that kind of attitude doesn't get you to number one on Google.

Type in Guild Wars 2 Gold Guide. You'll see a familiar face (this website). I got there even though I started blogging about GW2 a week or two before it came out. There were already many established sites and lots of go-lucky bloggers that I already mentioned previously. Yet here we are today as the number one site. That is no accident, and it makes me really happy because I get to help people by showing them posts like my Flipping Guide. If I wasn't so far up the Google food chain, there would be only a handful of people utilizing my posts.

OK, so I can get there, but can I show others how to do it, including you? I believe that I can, and over the course of two months I put together a video series on how to do it. During two hours of videos and 300 pages of bonus material, I go through the secrets that you must understand to dominate Google and even make money online if that's your cup of tea. While this may seem overwhelming, I do my best to break each lesson up into a manageable chunk of useful, action-able information. So you won't be drooling in front of the computer screen for a few hours wondering if you'll ever remember anything I say.

With this new course, entitled So You Think You Can Blog and hosted on Udemy, I hope to help existing and future Guild Wars 2 websites to be successful. I am an anomaly in the blogging world, and over the past few years I've come to realize ten core reasons why that is so. You'll learn those and a hell of a lot more with this course.

So if you have some cash sitting around (I understand that most people don't, so I do consult and write about blogging on my Traffic Blogger for free), take a look at So You Think You Can Blog.

Thanks, and don't forget to leave gold making questions in the comments below.

30 Markets in 30 Days: #8

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This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #8: Jute Scrap


Another market for people that want to make money from selling in bulk is Jute Scrap. I buy up 1000 of these each day, and usually by night they've sold. At 2-3 copper profit each, that's around 27 silver for a few seconds of work.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

Thanksgiving Holiday Weekend

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Anytime you have a holiday when most players are off to enjoy Guild Wars 2, you will have a large increase in sales volume. If you have any kind of stockpile, especially high end crafting materials, you should be able to unload the majority of them during this time. When a lot of bots were banned not too long ago, the price of things like saffron thread shot through the roof. This weekend is when you'll want to sell, sell, sell!

Everything from armor to weapons to sigils to runes to earrings to amulets, to tridents, to food! EVERYTHING will sell well and go up in value this weekend. Same goes for any major holiday with a three day weekend.

My guess is that Saturday will be the big hitter. Gems should also go up, but probably not enough to buy today and sell by the end of the weekend (due to the excessive gem selling fees).

Let me know how your Black Friday goes selling on the Trading Post, and I'll be back to giving out my 30 Markets in 30 Days posts tomorrow.

30 Markets in 30 Days: #7

2 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #7: Elder Wood Log


The way to play this market is simple: Don't be greedy and enjoy the free copper. I look for the "walls" in pricing for the high and the low. Then I buy at one copper over the wall and sell at one copper below the higher one. As an example, last night I was buying for 12 copper and selling at 17, while the "wall" prices were 11 buy order and 18 sell order. By coming over and under each wall I was able to sell at astonishing speeds. I highly advise doing this during peak play times/days.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

Little Guild Wars 2 Secret

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I think that Dan hit the nail on the head with this email:

"Hey Markco

I will try to make this sound minimally sycophantic. Your blog on trading has rejuvenated my interest in gw2. Some of your posts have put into words trends that I was seeing but not recognizing.  I am genuinely thankful that you went to the effort of making the blog.
.
As far as my own trading I am making around 1-4g a day trading insignia, inscriptions and yellows. Exotics are trade-able but I hate the idea of tying up a 10ish gold for a night in competitive buy orders when I can make at least 20% of that in smaller markets.

Regarding future directions for your blog.

Perhaps you can talk/advise about situations where you are heavily undercut. Sometimes if I am undercut by 30-40% I will buy those and re-list them at my price. The reverse is also applicable. Some insignia have buy orders around 70c and sell orders of 10s (if you care I can look up which insignia this was). I was putting orders at 1s and repeatedly selling within minutes at 5s. I swear the people selling at 10s where buying me up as soon I listed ^^

Talking about player psychology and greed might be interesting. I keep telling my friends that it’s important not to be greedy. Just because you see a sell order that is 300% of the buy doesn’t mean you will sell at that price.  You only make profit when you actually sell, until then it’s a loss.

I'll join the forum these holidays.

Dan"

You're absolutely right Dan, although I think that in some cases your reasoning that people buy you out because you're too cheap is wrong. You are getting bought out because people are not willing to buy at the price above you! Especially when it comes to materials for crafting, most intelligent players will realize that they can craft the stuff themselves instead of buying at exorbitant prices. That item going for 20 silver can be crafted after buying the materials for like 15 silver. So you buying at 10 silver from those who just have extra and are dumping will sell best when flipped for under 15 silver. See the reasoning there?

For whatever the reason, there is an opportunity to sell your items faster by accepting a lower profit margin. Great point!

30 Markets in 30 Days: #6

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This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #6: Devout "Set" of Armor



I call it the Devout "Set" but really it's just four level 20 pieces of armor that have decent stats. But more importantly, they each have really nice profit margins. 2 Silver investment for a 9 Silver sale? I'll take that twenty times a day thank you!

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #5

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This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #5: Iron Ore


While not usually worth more than 1 or 2 copper flipped, I try to put a new buy order in every day for around 50-100 Iron Ore. It takes two seconds and will net me around a silver later in the day when I get back on and relist it. Have to wait in long lines for both the buy order and sell order, but the profit is nearly always guaranteed.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #4

0 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #4: Gold Dye


Don't worry, I won't make the rest of these 30 days about dyes, but I do want to show one dye that almost always makes you 8+ silver on each flip. That being Gold Dye of course! This dye sold particularly well during the start of fall and I believe that it will keep outselling most other dyes until Christmas. Red, White, and Green will probably dominate at that point.

(I wrote this at 2:28 AM last night, with my fifth glass of morgan and coke in hand, so please don't judge me for lack of imagination lol!)

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #3

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This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #3: Unidentified Dyes


Now at first glance these don't appear to be worth flipping. In almost all cases, the day you read this tip and check the price, you will actually lose money trying to perform the flip. What you have to do instead is buy on Monday and sell on Friday. Seems crazy, but the price really does change a lot each week. This week, just prior to Lost Shores patch, Unidentified Dye went from 4 silver on Monday to 7 silver on Friday. Since they sell almost instantly after posting, even for the current lowest seller rate, that's a pretty easy way to make gold. These also change during major holidays and events when more people are playing. I think that seasons play a big roll as well. Everyone wants orange for Halloween, white/red/green for Christmas, etc. Some would rather gamble than buy individual dyes, and I think that the bot ban also is contributing to increased dye prices.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #2

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This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #1: Hearty Iron Plated Inscription


This crafted item is also a great thing to flip! There are days where you can literally double your money with this thing. A lot of inscription/insignia/etc type items are worth either crafting or flipping (or both!).

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site. 

30 Markets in 30 Days: #1

1 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #1: Carnelian Silver Stud of Strength



This sells so well because rares also start appearing around this level. Wait a second, but this is a masterwork right?! Yeah, and it sells great because people don't want to spend as much for an upgrade as the rares costs. Once you have a handful of markets like this one, you can realistically earn 50 silver a day flipping them. I place 25 buy orders per market and cancel/recreate the buy orders every 12-24 hours. Explore a bit and find other, similar markets.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

Favorite Activity in Guild Wars 2

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I gotta ask, what is your favorite thing to do in Guild Wars 2? Personally, I love to run around the map farming until I see someone in dire need of help. Then I charge head long into battle with little concern for my own safety. To me, it is so much fun rescuing a person who thinks they are totally screwed over and doomed to die.

Maybe you thought I was going to say something about making gold or getting great flips. No, I definitely enjoy the "THANK YOU!" that comes after rescuing someone from certain death.

Alright, your turn. What is your favorite thing to do in Guild Wars 2?

Don't Panick Over Old News

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I would like to share with you a link from Reddit that cleared up a lot for me about the surprising "new" items on the trading post. Things like the Personal Black Lion Merchant, Power Trader, Sealed Package of Snowballs, etc.

To quote the best explanation from that Reddit thread:

Unfortunately, these aren't anything new; rather, it seems to mostly be old items that accidentally got flagged for inclusion on the trading post, which is why they're just now showing up on the trading post scrapers. That number at the end of the URL is the Item ID, which counts upwards as new items are added (Halloween items, for example, are in the 3599x - 360xx range). The most recently-added item in this list is the Name Change Contract, which was first noticed around October 9th, and most others are significantly older.
The stat reset item was relevant back when attribute points were manually allocated, which would allow you to reset them. The Power Trader was probably designed at a time when the Trading Post had strict limitations. As for the "BWE Transform Weapons", they're clearly items intended for testing purposes - there's probably plenty of other similar items we aren't aware of.

So if you're panicking about what these Power Trader items are (we had a discussion about this on the forums on Saturday) there's nothing to worry about. If anything, it shows that Christmas will have a holiday event. But I guess we all kind of knew that already.

So yeah, no panicking over this news.

Regarding changes in the economy, if you look under the forums Markco's Crazy Thoughts, you can find a really timely tip I just wrote!

Tp Calc For Your IPHONE!

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Check it out, this is pretty cool!

TP CALC for your IPHONE

Thank you Tom for emailing me about this awesome tool. Much easier than my old method of using a TI-83!

Fear and Hope in the Trading Post

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Recently I talked about supply and demand being the levers which controlled price. This is a critical concept to understand because way too many people use previous prices as the gauge for determining future ones. Read that article if you do not understand my logic just yet.
For those of you who have caught up and done your homework, it's time for a second lecture on the subject of speculating. This time we're going to focus on hope and fear.

When hope is high and fear is low, people buy.

When hope is low and fear is high, people sell.

This is similar to supply and demand, but more focused on the reactions people will have regardless of supply versus demand. If everyone believes that a certain item will become worthless, then their fear will be high and their hope low, which leads to selling off the item. It doesn't matter what the supply and demand looks like, at least initially, because people are going to sell off their stocks out of fear.

When fear is high and hope is low, a wise economist will direct his or her attention to the supply and demand of a commodity instead of hope and fear surrounding it. They will think to themselves, "hmmm, supply is getting really high for this item, and demand is practically nothing. But I know that fears will eventually be assuaged, hope will eventually rise, and people will realize that they are panicking just like they always do."

As I like to say on every blog I write, economists should study psychology instead of math. But they all focus on trends and numbers, calculating formulas that will somehow tell them when prices will rise or fall.

No, silly mathmeticians, you cannot measure hope and fear. Eventhough you can predict supply and demand changes to an extent, perceived value of items leads to unmeasurable changes in people's hopes and fears.

Master the art of predicting how others will react and you'll have one more weapon in your arsenal for determining fluctuations in price.

Law of Supply and Demand

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It's hard to accept the law of supply and demand. It is far easier just to look at prices and consider them to be the best way to predict future trends. If something looks profitable today, then we just assume it's going to look the same tomorrow.

Price is a direct result of supply and demand. There is no way to increase the price of an item without first affecting the supply and/or demand. The best way to think of this is a scale. When the scale is balanced, equal demand and supply, then the price settles at an equilibrium. If you add more demand than supply, the price rises. If you add more supply than demand, the price drops.

To predict how prices will react to changes in supply and demand, you need to simply compare future situations to the current one.

This is true for weekly cycles, game updates, and even daily cycles.

Most people only look at the price and use that as the sole measuring stick for determining what to do next. If, for instance, they see black lion chests at 40 copper (as we did during halloween), they will remember that at one time 3 copper was the normal price, so they'll sell. What they neglect to realize is that this change was entirely predictable. All you have to do is look at supply and demand. The supply of chests didn't change, but new items were added to them that were desired by the players. Equal supply, higher demand means higher prices. These same people could have purchased thousands of Black Lion Chests and made an absolute killing.

As players get the items they wanted out of the chests, or just lose interest in trying, then demand goes back down but incoming supply remains the same. This leads to a gradual oversupply of chests and the price dropping (we're seeing that now).

But remember that chests, along with the mystic forge, are the two ways that ArenaNet seems willing to utilize in changing the economy. So you can bet your britches that a new item will be added to black lion chests soon enough, and that will lead to massive demand once more.

I very rarely look at the current price when I speculate on anything. It doesn't matter to me if the price was up or down a week ago. All that matters is the different amount of "sand" that's going to be applied to the scales of supply and demand. If an item's demand is going up this weekend, then I don't care about the history of its prices. All I care about is the fact that demand is going up and supply isn't increasing to meet that demand. The price WILL go up, and so I buy despite the fact that prices could right now be higher than ever.

I believe that too many people get suckered into watching trends and plotting on a graph where markets will end up. It's the falacy of studying economics as a mathmetician, when you should be viewing it as a branch of psychology. How people react to numbers is more important than guessing how numbers will change.

I hope this helps people get out of the mindset of looking at prices instead of the forces that drive those prices. Supply and Demand is all that matters. Not the price.

Middle of the Market

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Have we forgotten about the middle? Seriously, is everyone so focused on high level gear and materials that they have forgotten the massive profits to be had from mid level items? While I continue experimenting with crafting (hope to have a whiteboard video soon on that in the forum), the largest profit margins seem to be in the level 30-50 range. Who would have thought right?

It makes sense though. Very few players are travelling through level 30 to 50 zones right now, but those that do want to purchase their gear like everybody else. It's a point in the game where things are hard enough that you must purchase new items, especially if you've gone longer than 10 levels without new shinies.

Since there are few players in those areas, there aren't a lot of the materials entering the trading post. But guess what, high level characters are still trying to level their disciplines that all require materials from there!

Another factor is the fact that we only level through once, yet we need 8 disciplines worth of materials. You will never collect enough on your own from those zones to fulfill that quota. So most players will buy instead of farming. This raises the price of materials, as well as the crafted items you can create with them. In some cases, this actually leads to awesome profits!

So, when you're looking to make money flipping or with a crafting discipline, don't forget about the middle of the market.

Will Lost Shores Fix GW2 Economy?

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There are more than enough ways to make good gold in Guild Wars 2. However, I do not like the way certain commodities have piled up worse than Germany's inflation immediately following the first world war. Cinnamon, walnuts, and butter are some of the worst candidates. But also items like Bronze Helmet Casings and various Planks are not being used enough by the different disciplines.

Crafting is just not good enough in this game. Yes, it is possible to make some pretty great money with it, but there are too many loose ends piling up.

Areas of the economy definitely need to be addressed, because there is no reason for certain items to have virtually no value in a game as diverse and malleable as Guild Wars 2.

I'm not sure if the new "Lost Shores" will really have much economic impact on these damaged markets. Maybe a slew of black lion chests will be traded, as well as a quick jump in gems, but I do not believe that other areas of the economy will be affected.

This is a one time event, meant to move the storyline of the world and I don't think it's going to have new Mystic Forge recipes or things of that nature.

What do you think will happen? Will ArenaNet take the opportunity to alleviate a few damaged markets that have too much supply and not enough demand? Or will they wait until Christmas for that kind of economic push?

Has ArenaNet Googled their Trading Post?

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I'm serious when I ask, has ArenaNet Googled the phrase "Guild Wars 2 Trading Post" yet? I only say this because I would love to speak with their resident economist about how this game is playing out right now, as well as ways to improve the current state of multiple neglected markets.

If I were able to speak to AreaNet, what would you like me to ask them? Leave a comment below, and who knows, maybe the "they" who make decisions will read it.

You may feel a little skeptical right now, but I can assure you that your comment will see its way to ArenaNet eventually. When I wrote for my World of Warcraft blog, I was shocked to receive emails from Blizzard employees about what I wrote. These companies mostly just observe the internet response to their games without getting too involved on that front. But that doesn't mean they are glazing over complaints or ignoring great suggestions. So let yourself be heard in the comments below. Express yourself, bring new ideas to light, or identify criticisms that you feel ArenaNet needs to see. I will be forwarding the information in an email tomorrow.

Thanks for reading (You too ArenaNet employees!),

Markco

Oh No! The Market is Stabilizing!

4 comments

The person who messaged me to state that all the markets were stabilizing was partially correct. This was a rational, clear thinking person who truly believed there was no way to make gold last Thursday when they messaged me.

He was referring to items selling for one copper more than their vendor price. Obviously that is a market you can't flip at the moment by buying low and selling high. It's a loss if you try that due to trading post fees.

So yes, those markets in particular were not good day trading targets. But they were good for week and long term trading. So you can buy 100 today, sell 100 in a week when the price goes up 8 copper. That's the only way to play markets that are "stable."

The other problem with that statement was the "all" part. No, not every single market is impossible to flip right now. The complete opposite is true! I'm not saying that all the markets you currently know are stabilized, because that absolutely could be true. But make sure that you glance around before making such a statement.

I think I offered truffles, carrots, and sigils of luck as examples of profitable flipping markets he could use on Thursday when he asked. Sorry I forget the name, I get a lot of whispers and I hope this helps so you out.

Price of Gems During Halloween

7 comments

Post Halloween analysis is going to prove valuable hopefully because ArenaNet has a bunch of other holidays in store for us. Here's something to note, gems rose from 60 silver to 95 silver per 100.

Remember when I suggested buying gems prior to Halloween and then selling towards the end?

Looks like that could be a really simple method for almost anyone to make gold from holidays in Guild Wars 2. I mean, gems were going up a little bit each week, but a jump from 60 to 95 silver was unprecedented. It's because, as I predicted, holiday events in this world lead to players wasting a lot of gold.

If you have bought 1000 gems at the cost of 60 silver per hundred, then you would have spent 6 gold.

If you then sold at 95 silver per hundred, you would have earned back 9 gold 50 silver. After fees it would be 8 gold 7 silver. Obviously, the more gold you have to invest the better you will be off.

Selling at the end of the holiday, just before it's actually over, is the key. Especially the last weekend if the holiday runs through any friday to sunday periods. That's when the biggest group of players will be on to spend gold and enjoy the festivities.

Moral of the Halloween story is this:
Buy when the holiday is announced, sell when it's the last chance for the most people to play it.

Financial Investments Versus Upgrades

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I do not consider gear upgrades to be financial investments in this game. Because the gold and gear you farm is minimum compared to what you can make from the Trading Post, I would never spend more than a fraction of my gold on upgrades.

I actually have a similar post on my Diablo 3 website, where I will discuss setting up a "25% maximum spending rule" in that game. I guess the same can be applied here as well.

When upgrading your character, never spend more than 25% of your total gold on each item.

Again, this is because the items themselves do not add enough gold earning potential to consider them an investment.

An investment brings you in more gold (hopefully) than what you initially put forward. If you are going to spend more than 25% of your gold on an investment, then you can start deciding if the risk is worth the reward. That's a simple matter of research.

For example, you could look up a few disciplines on GW2Spidy.com and see if there are enough opportunities to make gold crafting to justify investing gold into the discipline.

So if I have 100 gold, and I think investing 50 gold into tailoring is worth it because I'll make X gold every day for the rest of my existence as a tailor, then hell yeah it's worth it! Sure, I spent 50% of my gold, but I know that I will slowly get it back.

But I'm not going to spend half my money on a shiny new sword, especially since I can only salvage it when I go to upgrade (unlike in Diablo 3 where your dusty old sword can be resold as a down payment on your next one).

Remember to treat investments differently from upgrades!

Recycling Items Sold Video

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This video will show you how to "recycle" your past successful sales in Guild Wars 2. Good luck!


Understanding the Systems of ArenaNet

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ArenaNet has put into place two powerful systems for responding to the needs of their own economy.

1. Black Lion Chests

2. Mystic Forge

These two systems can be adjusted and added on to in order to control changes in the economy. We have already seen this happen multiple times. For example, Halloween utilized the Black Lion Chests for festive rewards. I would assume that every holiday event will do the same. Then there were the limited time Mystic Forge rewards created in order to get rid of excessive supply on the Trading Post.

I do not believe that ArenaNet has any other systems in place that are capable of affecting the economy. That being said, there really is no need for anything else. The Black Lion Chests can get players to spend their gems if they get too cheap, and the Mystic Forge can be used to get rid of excess supply through gambling.

In fact, both systems are based on players gambling for extremely valuable items.

Can you make gold predicting the use of these two systems? Yes, I believe you can.

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