Guild Wars 2

I already bought 500 chests at 42 copper a piece. Now its a HUGE waste! Waste!

Tindahbawx.1540:

Wolfgang Michael.8217:

I already bought 500 chests at 42 copper a piece. Now its a HUGE waste! Waste!

I lol’d

U lol’d. I sighed.

If you bought some and they’ve lost value since then, there’ll probably be another run on the chests right before/right after the update hits. How much that’ll be, who knows. Would be strange if there wasn’t though.

I guess now is a good time to sell all those 350~ something chests i have found on my travels around tyria without ever finding a single key to open them.
(Map completion Keys not counted)

And no, i am not buying those overpriced gem keys for some rubbish boost and random tonic that i will delete right away.

buy buy buy in mere hours these will go CRAZY, get in while you can, trust me, and yes i have tens of thousands, so what, if u miss out on the money making bonanza of the century dont come cryin to us.

Wreatch.3812:

buy buy buy in mere hours these will go CRAZY, get in while you can, trust me, and yes i have tens of thousands, so what, if u miss out on the money making bonanza of the century dont come cryin to us.

I operate under the assumption that by the time I hear about an “opportunity” like this, it’s already too late and if I join in then I’m just setting myself up to lose money.

I’m not going to impugn your motives, but your words don’t inspire me to believe that you are acting from altruistic motives.

I sold my small stash of BLC’s for 30c each when the price started to spike two days ago. Considering they were only worth 2 – 3c a week ago, I consider the profit “good enough” and moved on.

http://i.imgur.com/YD7bY.jpg

Bring it on

Freelancer.4526:

http://i.imgur.com/YD7bY.jpg

Bring it on

I hope you didn’t just buy those. The bubble already burst. You’re a bit late. The raised prices are only staying at around 20 due to the aftereffects of the pump and dump that happened last week when the price went from 3 to 60 in ten minutes. Buying that many chests now probably did nothing but lose you 15% of your investment due to fees, sad to say (unless you bought them at the beginning at 3 copper, you’re losing money).

the majority of people that are buying chests now are going to be losing money. Its the people that invested in them way abck when they were cheap that will turn a huge profit. I would recommend selling them soon as the prices will be dropping soon. Basically .5% of people will get rich from this, a few will make some gold and the rest will make some silver/break even

Gems will go up more than 200% by Christmas but I doubt chest will. Costs 5g to open 10 chests now with gems so you are going to be really disappointed if you think people will open more than the chests they have stored up.

Esrever.8613:

Gems will go up more than 200% by Christmas but I doubt chest will. Costs 5g to open 10 chests now with gems so you are going to be really disappointed if you think people will open more than the chests they have stored up.

You are correct that keys will indeed be the bottleneck in this process, and I’m guessing a few people may buy extra keys with gems or gold (even I’m tempted to do this), but it’s going to be hard to guess the extent that this will happen.

My personal feeling (and I could be wrong), is that price of chests is about to experience a “market correction” once the anticipated demand fails to materialise.

EDIT: Removed incorrect reference to cost of keys

Astraea.6075:

Esrever.8613:

Gems will go up more than 200% by Christmas but I doubt chest will. Costs 5g to open 10 chests now with gems so you are going to be really disappointed if you think people will open more than the chests they have stored up.

I think you’re slightly overstating the cost of keys. Current gold to gem rate is just under 79 silver per 100. I believe 5 keys cost125 gems, so it would cost approx. 1 gold for 5 keys or 2 gold to open 10 chests.

You are correct that keys will indeed be the bottleneck in this process, and I’m guessing a few people may buy extra keys with gems or gold (even I’m tempted to do this), but it’s going to be hard to guess the extent that this will happen.

My personal feeling (and I could be wrong), is that price of chests is about to experience a “market correction” once the anticipated demand fails to materialise.

5 keys are 450 so 90 gems each. Costs 7 gold for 900 gems so it actually costs 7 gold to open 10 chests.

5 keys are 450 so 90 gems each. Costs 7 gold for 900 gems so it actually costs 7 gold to open 10 chests.

My mistake, I was using the price for a single key. Will edit my original post.

And now that the holiday drops are known to be quite uncommon, prices have dropped by about 2/3.

lool @ the poeple who bought the chests at 20c+ trying to make a profit. Already down to 7c and falling

going to be down to 2c by the end of the week

It would be worth buying them now at the low price in preperation for the Christmas holiday season

haven’t logged on in a few days so i sort of missed out on the opportunity, but it seems to me there is actually a chance to make a profit here, not on the basis of there being any actual need for chests but rather on the stupidity of people who believe there will be a need for chests and therefore buy them. the trick would be to buy them when they return to normal and then sell them the second a large update is announced. its hardly a scam if people do it to themselves.