We Need More Writers!
(Written by Draco)
Happy changing of the seasons to everyone. This time of the year (as you can all see) mean only one thing; Halloween Time. For GW2 is almost time for new events and hopefully a lot of new fun items for us all. This means to the speculators that we should be buying some items in preparation for these events.
Here is what I have been stocking up on all summer:
1- Pieces of Candy Corn - I have a strange feeling that these are going to be needed for something new ANET is going to offer for this event and it will center around this item. Not sure if it’s a recipe or trade in type of deal, but I have been buying a lot of them expecting something interesting. Buy them now and watch the price rise over the next 30 days!
2- Chattering Skulls - Possible some interesting new recipes using these.
3- Plastic Fangs - Loved them as a child, those wax teeth you can chew till the sun came up. Just wish there was more flavor. Well, I'm hoping ANET will put some extended flavor crystals or something in these as well to make them an interesting speculation to hold a few stacks of.
4- Nougat Centers - not so big on, & I could be wrong. Grabbed a few stacks just in case.
5- Trick-or-Treat bags. I think these are going to go crazy price wise because of the potential drops this will give out. I think there will be some great treats ANET will be giving us for this Halloween event. Buy them now. If ANET does what I think they will do and offer some awesome stuff, we will be happy we have these in hand.
6 - Pristine Toxic Spore Samples - Lower on my list of speculations, but these might have something going on as well. Grabbed a few stacks just in case.
Once you have all these set aside in your storage, don't forget about them while you're having a blast with the Holiday events!
Make sure you have a bit of room aside for the next round of holiday items as well. Start watching them and try to buy them on the cheap. Here are a few to get you started:
- -Wintersday Gifts - Small and Large are my picks,
- -Snowflakes - Pristine and Flawless Flakes
- -The Ugly Three! That’s right, the SOCKS, HATS and SWEATERS only a mother can love seeing anyone in. I have these from shortly after last year at 3 copper each for socks and hats, and 9 copper for the sweaters. If you see good prices, grab them now.
- - Choir Bells - for the amusement and enjoyable Christmas Carrols in the cities.
- - Drop of Magic Glue - might want watch these. This with a few other items made minis last year.
Hope you all have a fun Halloween Event season all.
I've created my second XBOX 360 game and have two more on the way. I am having so much fun creating these games! If you have no interest in learning about Eternal Nightmare, please take a look at the latest Guild Wars 2 Post: Farming Low Level Items.
This is probably the most difficult game I've ever made, but it's also the most fun! Up to four people can play and die together (you get bonuses to team damage and lives for multiplayer). I hope that at least a few people get to experience the end boss, as I put a lot of work into all his different attack patterns. Overall the bosses are a highlight throughout and I'm constantly changing the types of enemies you face so that you cannot get comfortable. Probably the coolest aspect of this game is the leveling system, which enables you to create very different characters by the end.
"You're tired of having your hand held and mindlessly stomping your enemies. What if a new game came along that required a mastery of both your wits and reflexes? You long for shooting, platforming, leveling up, epic fights and a real challenge. These are your thoughts as you fall asleep, unaware that an evil nightmare is slowly creeping into your sub conscious..."Go check it out if you have XBOX 360 under Indie Games New Releases, and please rate Eternal Nightmare.
This is a time sensitive post. Get in while you can!
(written by Draco)
Slabs of Poultry Meat are going for about 9 silver at this writing.
You can get this drop from low level areas. Fast kills equals fast drops and move on to the next ones.
How to get them:
- Crimson Moa's
- Green Moa's
- Golden Moa's
- Blue Moa's
- Light Treat Bag
- Bag of Pilfered Goods
- Small Icy Bag
Grab them now before the price starts to drop!
Thanks,Quick question... when you are selling items that you get from killing mobs on the trading post and there is a huge difference between the buy order and the listing price, what do you do? For example, the highest buy order on an item might be 10s 5c but the lowest seller listing is 50s 10c... what do you do? In most cases, I see this for green (masterwork) items. I have tried the -1 copper, but my item just sits there for several days and never sells. I've been pulling it from the trading post and salvaging it and accepting the loss of coin from doing that. I was just wondering what you would do in that case."Hi Markco,Thanks for your blog post in response to my "where do I start" questions :) Sorry it has taken me a while to get back to you on that... was in the middle of a move.
Hey Chad, good question, and here's how you should handle the situation.
First, understand why there is a gap between buy orders and sell listings.
1. Buy orders aren't allowed to be higher (you'll just instantly purchase a cheaper sell listing.
2. There is usually between a 1-15% gap just because of the taxes on selling items. If it's more than that's a red flag that your item probably won't sell for the cheapest listing price.
So if the numbers are within 15%, sell for a copper under sell listing. Don't cancel or you'll lose 5% investment.
Conversely, if the gap between prices is more than 15%, split the difference with your listing but only sell one at a time to see if it works before selling a lot at once.
Lastly, pay attention to what things can turn into (Salvaging, Crafting, Opening, Mystic Forging). There are always alternatives to selling outright.
"Hi Markco, I've been a member of the private forum in the past and I've
read your blog for almost a year. Today I was browsing reddit and I
found a tip that might help you. Go on the trading post and search "I am
Evon Gnashblade" with proper punctuation and the search results will
start using smaller font with less blank space to increase the number of
viewable results. I'm not a hardcore TP flipper so IDK if it's will
help make flipping more efficient but anyway hope you like it. Thanks
for making the TP flipping blog and doing what you do, it's helped me
|Mystic Forge Profitable Equation|
You can easily figure out your profits on the forge. It is about a 1/16th chance of getting a better item. So every 16 combines you should get a better version. Every 4 failed attempts results in a 5th attempt from the created materials. So to get 16 tries you need 13 attempts (+3 attempts from failures and one successful upgrade). Take the cost of combining and multiply by 13 to get the cost to create a combined item. Now multiply the price of the upgraded item by .85. If the sell price of an upgraded item is greater than the cost to create it you will make money.
To see if you will usually win in this process, take the cheapest item you can create when combining four components and see if the math works out for that situation.
Things get more complicated when there are multiple options, some resulting in profit and others in failure. You need to do more math in these situations and look for the % chance of "winning" versus losing money. It's like playing a slot machine except now you know how to pick the one with the best odds.
"Hey Marcko, first I want to thank you for running a blog that seems to be beneficial to everyone.
Its been a big part of helping me understand both in-game economics and economic principles in general.
Ive finally gotten some decent strategies down which have gotten me up to about 500 gold ( combination of sitting on unique skins each month + high volume cheap trade).
Do you have any recommendations of what kind of goals I should be looking at to increase scale?
Basically, should I just keep increasing volume and markets I participate in? What I'm really looking for is a way to reduce clicks per day.
Have you gotten to the point where you play a market whose cycle is not so easy to predict?
I like playing high volume, high volatility crafting markets, especially the ones you can obtain through salvaging and bag opening. These markets go up and down with a very loose pattern, so I don't know when I log in whether I will be buying or selling. It's less predictable, but it is far less clicking and way more fun.
The second half of what you need to figure out is whether you have to play all those markets. Can you cut back on some in order to increase profits from the others? Do some of your skins sell out faster than others? Increase those and reduce everything else! It's always good to start off selling everything to figure out what works, but now you need to move on to using that information to sell more/better.
I get answered questions similar to the one below daily, and every once in a while it's good to post a thorough recap of what the blog has covered since its inception. This way I can direct new and seasoned readers to the meatiest posts that are still valid, instead of you having to vet old posts for accuracy.
Chad has the question any of you are asking when you come here for the first time:
I was searching on Google for help in understanding how to make gold and came across your YouTube channel which led me to your site. You have some awesome videos and the blogs are amazing. I've only read a few posts so far, but I'm a bit overwhelmed by all the information and in some ways a little lost. I may not have come across it yet, but do you have something for beginners that do not understand the market and could begin using to help get a better understanding? I noticed you have a paid forum but was scared to subscribe to it because I didn't know if it would be over my head on the level of information so I've been holding off on taking that step.
I would really like to take what limited time I have on the game (work all during the day and only have a couple hours at night) and put it to good use. From looking at your site, I think the information is there. I just have to figure out a way to understand it and build up to some of the ideas that you post where it requires a few gold to invest to obtain a profit.
Again, awesome job on the videos and website. Keep up the great work and thanks for sharing all your hard work!
For those who don't know the videos which Chad is referring to, I highly recommend watching them here.
Next, I highly recommend reading the Damned Gold Guide.
Followed by two quick courses on GW2Spidy:
GW2Spidy How to Read Charts
GW2 Spidy Great Market Analysis Examples
Find a few strategies on the site for flipping, such as these 50 items. That's an old post, so I would recommend using it as a starting point for finding your own markets but not an outright guide.
Use a crafting website to determine what's profitable to craft right now.
This entire process can be sped up by purchasing a forum membership and digging into the tutorials I've written under "Markco's Crazy Thoughts" on the forum. Most of these do not require a lot of gold.
If you're totally strapped for cash, consider turning your Kharma or Laurels into gold. Skill points can also be converted for big profits (see forum strategy).
Go here for a list of what to buy (and then sell) before September 9th. Keep in mind that when these items go up in value, the things they create will also rise in price. Hint. Hint.
Written by Draco.
Shopping List for Tuesday's September 9th Feature Pack
Top items to buy:
- All loot bags
This set of achievements will be rewarded not only with achievement points, but also reward items!
This means everyone will be going to get their tiers of achievements up as quickly as possible to get these rewards!
Apparently there will be achievements to craft everything from armor to weapons, foods to jewelry!
Craft it, consume it, buy it or unlock the skin to get your tier's up and get rewarded!
I think not only crafting items, but opening loot bags, I'm sure opening dyes (or opening unidentified ones), consuming all types of nourishment, potions, etc.
The buy list is only the top items I'm stacking up on right now. I am sure there are a lot of others that will rise in price. Especially those that are in tight supply . Low supply means prices can get pushed up high and fast. Here I would look at Thin leather straps, some pebbles, Prickly pears, grapes , etc.
Strap yourself in for this ride, it's going to be fast and intense!
Written by Finn.
We all know there is something big coming towards us in the September 2014 Feature Pack on the 9th of September. But until now, we could only guess what changes will be made and speculate about effects on the economy for different items.
Today, another piece of the upcoming update was revealed and it contains very specific information!
In case you didn't read it yet, here it is:
For us traders, the gist of this announcement is that miniatures will be treated less as items in the future, but more as skins/dyes. Not only will the miniature collection be moved into the inventory (just like skins and dyes), but minis will also be destroyed when unlocking them. The access to that mini is then account-bound (just like skins and dyes!).
So what are the effects of this?
Because miniatures will be destroyed when unlocking their skin, their supply will be cut down quite a bit with this update. Also, many people are already starting to buy minis right now in order to get one of each kind before the update. This results in mini prices skyrocketing, and that not together with the update, but already now, a week prior to it.
Now here's my advice: Buy minis! All of them! Now!
I don't think the prices will fall down again, at least not before every player out there has read the news and the hype is over. I already bought lots of fine quality minis for 1-2g and relisted them for at least 1g profit, it works! People are not putting buy orders at the moment, they instantly buy one mini of each kind (except for the very expensive ones maybe), and there are many people like this out there! Try to take advantage of this opportunity as long as there are still players unaware of the announcement, who will then (after they read it) go out to buy the minis you relisted for profit before.
However, always be careful. Don't invest too much gold before you are sure this works for you. Also, don't take too high risks. One wrong click, one wrong move and you will regret it. Always go for gold amounts that will not totally ruin you when they're gone.
Some of the prices are already recovering (slowly) so take your chance before it's too late!
Written by Draco.
What you need to do this:
- Calculator; or use the one on your phone, computer, or grab one from your kids or you own school supplies!
- Crystalline Dust (1 per upgrade)
- From Mystic Forge Merchant:
- Bottles of Elonian Wine (1 per upgrade)
- Crystals Crystalline Dust (1 per upgrade bought in lots of 5)
Lodestones fluctuate throughout the week. Usually highest on weekends.
You need to know a few things when upgrading cores to loadstones for profit:
- Price of Elonian Wine is 25 silver 4 cooper or 25.04 silver
- Cost of 2 cores of the same type.
- Cost of Crystalline Dust
- Value of upgraded Loadstone.
Add the cost of the Wine, Crystalline Dust and the 2 cores. Divide by .85.
This will give you the breakeven value that you need to sell for if the upgraded Loadstone is higher then.
If Crystalline Dust 20 silver
Molten Core is 10 Silver
Wine is 25.04 silver
20+(2x10)+25.04 = 65.04 silver
65.04/.85 = 76.52 Silver
If the bid (or buy side) of Molten Lodestones are higher then 76.52, the difference is all profit! If you want a higher profit and have patience, you can slowly sell a few at a time just under the offer (sell price).
Have fun and go make some gold!
This article was written by Finn.
Giant Eyes have been rising since the beginning of this year (see gw2spidy). They started at about 80s buy and 1g sell price in January and have climbed up to 3g 90s buy and 4g 40s sell price already which is an increase of 300-400%!
Now Giant Eyes are a very special item. Not only do they belong to no tier and thus have no cheaper or more expensive crafting material equivalent, they are also hard to get. I have seen several people claim they got a Giant Eye dropped from a mob in Cursed Shore, but all these drops are reported to have happened in September 2012. This does not seem like a lucky coincidence to me and the fact that the Official Guild Wars 2 Wiki page suggests Giant Eyes to be "not dropped by any creature" makes me certain in my assumption that the only way left to obtain them is by opening Heavy Moldy Bags (the drop posssibility was probably removed).
The Heavy Moldy Bag drop rate page in the Wiki has collected data of various players, summing up to 50 Giant Eyes from 68051 Bags and a drop rate of ~0.07% (last page update was July 28). I myself have opened quite a few bags more than that (it was really profitable about a year ago and if the gold is right, I am as busy as a bee!) and it seems that the actual drop rate is 0.1% (my result is ~0.0996% ), meaning 1 Giant Eye in 1000 Heavy Moldy Bags.
Now let's take a look at the use of Giant Eyes. They are components in four different Mystic Forge recipes (all resulting in Exotic weapons), the most "consuming" of them being Immobulus, which requires 250 (!) Giant Eyes.
As can be seen on spidy, the demand for Giant Eyes lies around 2000, which is more than five times the supply of only 380.
All my spiel summed up:
- Giant Eyes are constantly rising for 9
months already and there is no reason why they should stop.
- Giant Eyes are expensive and very
time-consuming to obtain.
- Two players buying Giant Eyes for Immobulus
would be enough to make the whole Giant Eye market collapse
and the price for them to skyrocket.
Of course these fictional two players will not just instantly buy 250 Giant Eyes off the Trading Post.
They are most likely to place buy orders, either for all 250 at once or in smaller steps of 10 or 50 each. Either way they will drive the price up and I am sure the reason why Giant Eyes are rising since January is a constant demand due to the Immobulus recipe.
So, should I be buying Giant Eyes? If yes, how many?
You should be buying Giant Eyes now only if you have gold lying around that you will not need in the next months. The amount you purchase is of course your own decision, but remember never to spend ALL of your gold (especially not all on the same item).
Giant Eyes are definitely a solid long-term investment and a nice method to make decent amounts of gold with close to no expenditure of time.
Just to mention again how awesome this investment is, imagine you would have spent 100g on Giant Eyes in January: Even with instant-buying and instant-selling (which you shouldn't do) you would be able to pick up 231g 5s profit now (based on the prices mentioned at the beginning of this wall of text), probably with less than one minute time spent! :D
Well, guess what I did. ;)
I hope you enjoyed this post, leave a comment below if you a have a question or (constructive!) criticism, until then, have fun trading!