How would you go about flipping precursers

How would you go about flipping precursers

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Posted by: BlackWolf.8605

BlackWolf.8605

after along time playing i have quiet abit of spare cash on hand i want to try at flipping higher level items such as dawn/dusk
atm there both avrage prices with dawn at 500g and dusk 600g EU
i have the cash to buy around 3-4 of either and relist prices so looking at jumps looking dusk being the best bet

so my question if i were to buy as many dusks as possible would it be better to wait letting price rise/fall buying more saveing to relist OR would it be better to relist instantly if profit was there hopeing too eventauly have all the 22 availble for sale my self?

Wolves of The Abyss [Wolf]

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Posted by: Vol.5241

Vol.5241

I do not recommend flipping precursors since the risk of loss is high

you need to consider if the spread between buy order and lowest sell order is high enough to off set the TP fees + have good room to make profit

You also need to be aware of the risk of getting undercut and that you may have a hard time selling it, forcing you to eat up that 30-40g fee.

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Posted by: Calae.1738

Calae.1738

What you’re doing is very risky.

The reason there is little demand for these items is because the price is so high. If these items go up in price; you’re pricing more people out of that market reducing demand even farther.

You could make a lot of money assuming you find buyers at the price you’re selling. Now try to calculate how likely that scenario will occur.

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Posted by: BlackWolf.8605

BlackWolf.8605

i see but really 8 characters running cof i can make those losses bcak in a day
just picked one up now to see the losses and i would need to buy and sell the next 5 to be even with cof by end of week then have enough to buy maybe a a lower priced pre…
and i can imagin id get cut off alot with hoarders but 21 listed would be (i can imagin) about half availble currently in game to sell if someone also started buying thease could quickly own the market and do as people in the past and i wouldnt even have to talk to the other person

Wolves of The Abyss [Wolf]

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Posted by: Calae.1738

Calae.1738

I cannot even begin to imagine how some people can repeat the same task for multiple consecutive hours without going completely insane.

If you can make over 100 gold per day without risk; there is nothing in this game that you cannot buy. In the end; everything has no value; including your own time. Think about it.

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Posted by: BlackWolf.8605

BlackWolf.8605

everything has no value; including your own time. Think about it.

isnt that the reason we play games?

Wolves of The Abyss [Wolf]

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Posted by: Calae.1738

Calae.1738

everything has no value; including your own time. Think about it.

isnt that the reason we play games?

That’s not what I meant.

Time is the only thing that has value in games. The reason it has value is because there are other things in the real world that are competing for that time. I’d like to think that those other things are more important than playing video games.

Therefore; if you found a way to buy everything you want in the game; you have found a way to be more flexible with your time. You can do the things that you want instead of doing the things that you need.

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Posted by: Vol.5241

Vol.5241

I’m not in game so I cannot see the price listings.

But you simply don’t have enough gold to control precursors enough to manipulate for profit. Yes, 2kg to 2.5kg is a lot but you will need to buy all the dusk on the market in order for this to be worthwhile.

If you have 8 characters running cof all day then I really don’t know why you would be interesting in flipping precursors. The profit potential is not worth the investment or the risk when you could be running your cof farm.

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Posted by: BlackWolf.8605

BlackWolf.8605

vol you can see listings outside of game,
but i see haveing to have them all would be the maint hing but sure take them in 2 chunks would still cause atleast 100g increase price being only now 20 on the tp

Wolves of The Abyss [Wolf]

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Posted by: Prezzy.2783

Prezzy.2783

Manipulate dusk and I will hunt you down and Hundred Blades your face.

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Posted by: aeneq.1760

aeneq.1760

I did a lot of precursor generation by simply buying low cost rares 70+ to throw in MF and then sell any exotics produced (I did the math comparing rares/exotics). I had def. success doing this and earned over 5k gold but its a lot of work but its fun when the RNG kicks in and you get multiple high cost precursors in a short time (got 5 Hunters during one weekend and some others as well).

The biggest problem with selling precursors is that the market is pretty slow, the risk is high that you get stuck with a listing that someone undercut and then suddenly before you know it theres 5 dusks ahead of yours and you cant cut and relist due to the high TP fees. I ended up actually selling my stuff to the highest bidder directly as long as it wasnt too low.

I would def. not recommend flipping precursors or even doing it the way I did because the TP is really rough on low cost rares…

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Posted by: Vol.5241

Vol.5241

I did a lot of precursor generation by simply buying low cost rares 70+ to throw in MF and then sell any exotics produced (I did the math comparing rares/exotics). I had def. success doing this and earned over 5k gold but its a lot of work but its fun when the RNG kicks in and you get multiple high cost precursors in a short time (got 5 Hunters during one weekend and some others as well).

The biggest problem with selling precursors is that the market is pretty slow, the risk is high that you get stuck with a listing that someone undercut and then suddenly before you know it theres 5 dusks ahead of yours and you cant cut and relist due to the high TP fees. I ended up actually selling my stuff to the highest bidder directly as long as it wasnt too low.

I would def. not recommend flipping precursors or even doing it the way I did because the TP is really rough on low cost rares…

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Posted by: HillsOfChaos.4927

HillsOfChaos.4927

I did a lot of precursor generation by simply buying low cost rares 70+ to throw in MF and then sell any exotics produced (I did the math comparing rares/exotics). I had def. success doing this and earned over 5k gold but its a lot of work but its fun when the RNG kicks in and you get multiple high cost precursors in a short time (got 5 Hunters during one weekend and some others as well).

The biggest problem with selling precursors is that the market is pretty slow, the risk is high that you get stuck with a listing that someone undercut and then suddenly before you know it theres 5 dusks ahead of yours and you cant cut and relist due to the high TP fees. I ended up actually selling my stuff to the highest bidder directly as long as it wasnt too low.

I would def. not recommend flipping precursors or even doing it the way I did because the TP is really rough on low cost rares…

What is the ‘start up costs’ on said exercise would you estimate? I’ve had some success with flipping, but this seems more enticing.

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Posted by: Rouven.7409

Rouven.7409

Time to flip some rare weapons in the 70+ range now.

“Whose Kitten is this?” – “It’s a Charr baby.”
“Whose Charr is this?”- “Ted’s.”
“Who’s Ted?”- “Ted’s dead, baby. Ted’s dead.”

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Posted by: aeneq.1760

aeneq.1760

What is the ‘start up costs’ on said exercise would you estimate? I’ve had some success with flipping, but this seems more enticing.

Expensive, I had a few thousand G already when I started this and I did so mostly because I didnt see the point dealing with low cost items anymore.

  • Mat cost I would “guesstimate” to be around 100G per precursor (assuming 20s/rare, some times it’ll be more and sometime less).
  • With the sell of any intermediate exotic you should recoup 75% of that cost

You have several things to consider when doing this…

- Some of the exotics sell poorly (I have over 2k in unsold goods on TP)
- Precursors can take time before they sell and theres a risk for undercutting
- Some of the precursors are really bad and since you do random items you dont know which precursor youll get.
- The rare lvl 70+ market is extremely volatile, youll get overbid in seconds so you need to be very vigilant.

Also a few things that most people might now know;

  • The level average must be over 75 to get a chance at a precursor (so if you have 3 lvl 80s weapons you can throw in a lvl 60 item in the mix)

Also; the chance of 4 rares to become an exotic is about 20% when an item is combined in the MF and the result is an exotic then it has a chance to become a precursor. At this stage it doesnt matter if the mats where exotics or rares.

Given this information you can estimate the cost for an exotic to be generated to be about 3.2G, if you can find appropriate exotics that cost less (<80s in our example) then its better to use exotics.

When I did this the cost for exotics was higher but I just checked gw2spidy and there are exotics that cost less so that might be an option as well.

edit: Just realized the price on the mats have gone down since I did this, the price for a suitable rare is now around 16s so adjust all calculations accordingly

(edited by aeneq.1760)

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Posted by: HillsOfChaos.4927

HillsOfChaos.4927

Thanks for taking the time to explain that, there is some valuable information to be gained from your post that I was not aware of until now.

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Posted by: Ensign.2189

Ensign.2189

There’s not a lot of value in flipping precursors. They are slow markets with tight margins and a long term downward trend. You’re looking at a lot of risk for not a whole lot of profit; of course it is one of the few places where you can invest a ton of money at once.

Generating precursors is a very profitable business at the moment; it easily has the highest margin in the game. It also involves a lot of risk. After selling off the exotics you’re probably looking at <100g per precursor over the long haul; in the short run, you can expect to be down hundreds of gold for stretches before you hit a precursor, even more if your exotics aren’t selling.

If you have deep pockets, time, and dedication, you should absolutely be precursor fishing in the forge. The margins really are that good. If you don’t have several hundred gold to bankroll it, however, there’s a good chance that you’ll go broke before you hit the jackpot; don’t get into this if you can’t afford to have your gold bounce up and down by several hundred at a time.

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Posted by: OmniPotentes.4817

OmniPotentes.4817

After Collin’s recent post I would advise against this. Just a few reassuring words from him is enough to counter inflation on precursors.