Good idea to invest in Choir Bells?

Good idea to invest in Choir Bells?

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Posted by: Hexgame.4802

Hexgame.4802

I’m one of those players who has a rough time getting gold, usually most of my gold comes from Holiday events (halloween, lost shores, wintersday ect.) And since obtaining a legendary is WAY out of my reach currently, would it be wise to invest in an event item which will be unobtainable in a few days?

I’ve been messing around with the bell market for about 20 minutes now, making small profits from flipping and they still sell reasonably fast at around 40c-50c.

Anyway, I know asking here isn’t such a smart idea, I just need to know if it is a smart investment or not before I put most of my gold into it.

Lynsey – 80 Human Mesmer
Perky – 80 Norn Guardian
Soapie – 80 Human Ranger

Good idea to invest in Choir Bells?

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Posted by: Waraxx.4286

Waraxx.4286

i’m not sure… but if something goes completely unavailable to acquire then the price is bound to go up. ie the halloween skin the crossing is at 60s i think and was 20 or something during the event. so its pretty much safe money. however, the increase might go quite slowly so don’t expect to make any quick money here. if you buy any, you should wait until mars at least so its a very long term investment. your decision.

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Posted by: Hexgame.4802

Hexgame.4802

I’m not really looking for a fast profit, just something to flip later when I need the money. I had some guy send me a whisper claiming he does this pretty much every event and the profit is slow, but you can easily triple your investment a few weeks later. Though I cannot confirm if this is the actual case or not.

I’ve done a few more tests buying 250 from the lowest seller (which made the bells go from 31c to 50c) and resold them at 49c, I didn’t sell all of them, but I did make my money back from the ones I bought and I have about 80 more to sell. So people are definitely interested in these bells. I’m just horrible at this whole market game.

Lynsey – 80 Human Mesmer
Perky – 80 Norn Guardian
Soapie – 80 Human Ranger

Good idea to invest in Choir Bells?

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Posted by: Buttercup.5871

Buttercup.5871

I’m not buying it. Pun intended.

Good idea to invest in Choir Bells?

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Posted by: Hexgame.4802

Hexgame.4802

I’m not buying it. Pun intended.

I’m not asking you to buy anything…. I’m asking if its a smart idea to invest in holiday items…. -.-

Lynsey – 80 Human Mesmer
Perky – 80 Norn Guardian
Soapie – 80 Human Ranger

Good idea to invest in Choir Bells?

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Posted by: Flax.4980

Flax.4980

Well in general holiday items are one of the safest investments you can make. It’s more of a question of how long you are willing to wait for them to increase in value. I reckon that as people buy up the unbreakable bells more people will start to realize that you can pretty much buy a lifetime supply of normal bells for half the price and so the two will rise in price together. Personally I’m investing in unbreakable bells as I prefer selling a few items to selling stacks of lower value ones.

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Posted by: Waraxx.4286

Waraxx.4286

if you have the gold for it. the best investment i think would be in the unbreakable bell. its rather cheap for being a everlasting item. and i think this is the item that will go up fastest. so fastest money unbreakble bell. but i think the most money is in the normal bells but then u have to sit on them for 3+ months maybe more. don’t invest gold u need.

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Posted by: Mystic.5934

Mystic.5934

I tried investing in holiday stuff. Things like Candy Corn (when they were 1c each).
I made a profit, but the turn-around time just killed any desire to do it again.
If you invest 20g and get 40g in a month, that’s 20g a month.
but if you invest 20g and get 25g in 1 day, then 30g the next day, then 35g the next, then 40g the next. that’s 20g in 4 days. Probably more risky, but it’s worked for me so far.

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Posted by: LFk.1408

LFk.1408

Holiday stuff as a general rule is a pretty bankable investment, but sometimes the gains don’t really match what you could’ve done with your money and bank space.

Let me show you a worst case example:

You could’ve bought all the candy corn in the world at 2c. It was probably the last Halloween item that anyone would’ve told you to invest in. Supplies were, for all appearances, infinite. Well, It’s 4c now.

So you didn’t lose money.

But did you really gain money?
Doubling up sounds nice, but really, consider that each stack is 250 * 2 = 5s profit per stack. Keeping 100 stacks tied up would’ve netted you… a whopping 5g (x.85) = 4.25g.
200? 400? You really can’t spin this any way to make it sound good, but the bottom line is this: You probably won’t lose money.

If you want to invest in Choir Bells, go ahead. My bet is on the same thing: that you won’t lose money. Just don’t expect any manner of shocking return.

Candy Corn eventually showed that it had some crafting uses, and it’s unavailability in the world sustains it’s price that would otherwise be rock bottom due to the fact that the supply is still astronomical.

There’s a good chance that some bell enthusiasts, combined with the unavailability of the bell in the world, will similarly keep the prices afloat. But nothing that will really drop your jaw. There’s only so much someone pays for a chance to play some tunes

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Posted by: Mystic.5934

Mystic.5934

also, here’s my solution to storage issues:
buy 10,000 candy corn at 2c, then immediately list it for, say, 10c. then wait until the price rises :P
It’s risky as you don’t know what the price will be when you want to cash it in, but I’m not so concerned about it. I only had like 40 stacks to begin with, so even if it never sells, that’s only 2g lost (if it does sell, that’s 9g payday = 6.5g profit)