Guild Wars 2

Over the past day the sell and buy prices has been all over the place.

So … good time to be making money from these?

Well if you look at spidy… 5 days ago they peaked at around 8s. Currently they’re sitting at 4s95c with around 2k any where from 5s-5s75c. It’s just interesting to me that they tanked so much, I was watching them for a little yesterday and they were at 7s. Seems like an over-saturated market, but believe me when I say I know absolutely nothing about economics.

Ah another “Get everyone to rush to the market and mess with prices thread”. It feels almost as if it was just the other day i seen one of these.

Actually it was more of an attempt conversation… Wondering whether anyone else was watching these or if anyone was enlightened enough to know why these are fluctuating so much or why they were sitting so high in the first place (as far as I know it’s most expensive in its tier, or was). I find it hard to believe that one thread with 2 replies is going to shift anything.

A useless item going up in price is hardly anything to be concerned about.

For all we know if could be people moving money around and doesn’t want Arenanet to find out.

Calae.1738:

A useless item going up in price is hardly anything to be concerned about.

For all we know if could be people moving money around and doesn’t want Arenanet to find out.

I would probably agree, but two things strike me as odd. First, if you look at the chart on spidy – it’s had a incredibly steady price growth over the past 4 months, and literally no more than five days ago started going down… And overnight more or less crashed. The second thing is that, while you may consider it useless – it’s moving, quite fast. Both buy and sell orders.

I was just curious if anyone else was watching these or had any idea what could be causing the massive up and down, but all anyone seems to want to do is argue!

I’m not sure why everyone on this forum is so hostile.

I’d attribute the growth to a lack of people farming the areas that Engraved Totems drop in. Without an associated drop in demand – which probably won’t happen, since you need them to get crafting fairly high, which is the leveling method on later characters if you have a pile of money – the price would have to gradually increase.

No idea as to the sudden drop.

And as to why everyone is so hostile? Everyone’s suspicious that you’re somehow trying to make a ton of money by bringing attention to anything. Fairly frustrating when you just want to have a discussion, but there’s no good way to demonstrate that you aren’t.

Just ignore and keep going, assuming you actually want a discussion.

If you look at the last month, the sell listing volume dropped very far down. It looks like either the drop rate has been lowered or people aren’t farming them any more. I would guess that the spike down is due to people realizing how expensive they are at the moment and dumping what they have in the bank on the market to cash in. It might start going up again once those sell orders are cleared out.

Thank you both for actual useful replies (instead of baseless claims that I am trying to profit over a forum post!). I understand the paranoia to an extent but this forum in particular is pretty bad about it.

Wookie has an interesting theory but part of me initially thought almost the opposite – the item is possibly being over farmed and that’s why we’re seeing a drop now (less than a week after its peak prices). There has to be a decent amount of players farming mats, and if I personally was doing that – I would be going for what will make me the most money. Plus I believe these totems are easily farmed (anything dropping loot bags especially centaurs, and I think grawls drop totems themselves?)…

Two days ago I placed a buy order for a stack and it was filled in ~10 minutes max. This isn’t incredibly abnormal, especially for crafting materials. What I found weird was the fact that my 250 was fulfilled by no more than a couple people (received one for 96 totems at once). That, to me, seems like farmers. I find it hard to believe anyone flipping would be filling buy orders, even if it was a profit, because sell orders should still be more profit.

I would estimate about 2k or so totems anywhere between 5-6s currently listed. While I know someone with a lot of gold could easily buy all these out and raise the price, I don’t see it as an investment someone with that kind of money would be interested in. I don’t have anywhere close to that much so this is all opinion.

And before anyone else claims I’m trying to manipulate the market with this post – I’ve already sold my totem supply when it was high. I personally would not invest in something that seems so unreliable.

Thanks for the speculations though, you’re making my shifts at work much more enjoyable.