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Don't forget the Unidentified Dyes

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

2 comments:

  1. Anonymous said...:

    Hey man, thanks for keeping this blog up, I love it! I get a lot of insight in how a trader thinks what is great. I have a question regarding this post. Do you think they will bring new methods to obtain unidentified dyes into the game? Cause if they don't we will run out of dyes eventually, won't we?

  1. Anonymous said...:

    I don't think we will run out of dyes. It depends on how many dyes are actually being used (destroyed) and how many are just being hoarded. I was really surprised about the rather low amount of supply at the moment (~20k). I started buying the Dyes myself after Markco mentioned them for the third time in this blog or so, turned out he was damn right now already. However, I have ~10k Unidentified Dyes hoarded, which is half the current supply (!). If there are just a few more people out there like me, the amount of hoarded Dyes is a lot greater than the number of current sell listings.
    What I'm trying to say is: the fact that the supply is decreasing and going near 0 doesn't mean that the actual amount of Dyes is also decreasing. I guess that the lower the supply gets, the higher the price will climb (wow, a real trader genius :D) and the higher the price climbs, the more people will list their hoarded Dyes, thus keeping the supply up.

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