Guild Wars 2

Powerful blood price has been rising a lot over the last few days. However, at some hours of the day the buy price is A LOT lower than sell price. Right now you can buy it for ~31 silver and sell for ~38 silver.
I suggest that everyone goes and does it as it’s easy profit. It’s not fair that only few market abusers notice those things. Everyone should know about it.

You’re welcome.

I don’t get what you’re alluding to here.

I’m a market abuser if I choose to buy low and sell high and make a reasonable profit? With that rationale, why are you encouraging others to be market abusers?

And on a side note, the profit in the end is only about 2S. It’s not exactly a good investment since the buy/sell orders fluctuate a lot and you are losing out on opportunity costs.

There’s actually a lot of really good posts in the past explaining why people who “flip” items are good for the economy as a whole (drives transactions, helps buy/sell orders to converge to equilibrium).

But what Vol says is spot on. It’s “easy” in the sense that you don’t have to do too much yes, but you’re still dealing with uncertainties of the fluctuating buy/sell orders. It’s very possible that you may tie up your gold in this “investment” for a long time waiting your buy/sell orders to complete.

Ursan.7846:

There’s actually a lot of really good posts in the past explaining why people who “flip” items are good for the economy as a whole (drives transactions, helps buy/sell orders to converge to equilibrium).

I don’t want to debate it, but if you could point me in the direction of some of those so I may read them…it would be much appreciated.

Rezz.8019:

Powerful blood price has been rising a lot over the last few days. However, at some hours of the day the buy price is A LOT lower than sell price. Right now you can buy it for ~31 silver and sell for ~38 silver.
I suggest that everyone goes and does it as it’s easy profit. It’s not fair that only few market abusers notice those things. Everyone should know about it.

You’re welcome.

Note – There’s a difference between posting a Buy Order, and actually selling for “retail” prices. As others have mentioned, the market fluctuates. Posting a Buy Order for 31 silver, and someone posts for 31 silver 1 copper, you don’t get your items. And even if you do get them, and post Sell Orders for 38 silver, someone can undercut you for 37 silver 99 copper. So your claims to easy profit is not so clear cut.

And no need to thank me.

Essence Snow.3194:

Ursan.7846:

There’s actually a lot of really good posts in the past explaining why people who “flip” items are good for the economy as a whole (drives transactions, helps buy/sell orders to converge to equilibrium).

I don’t want to debate it, but if you could point me in the direction of some of those so I may read them…it would be much appreciated.

Market Makers (people who flip items) provide liquidity to a product market by stimulating transactions. This is done through buying from those people who put items up to sell, and selling to those who put buy orders up.

This helps distribute income and wealth amongst the people of gw2

Actually Market Makers (aka Flippers) buy from impatient people and sell to impatient people. They either want their money now or that item now and making a little more or paying a little less isn’t as important to them as the wanting it now part.

Flippers take advantage of that. There isn’t anything wrong taking advantage of that. But it certainly isn’t to magnanimously help distribute wealth, the TP does this all by itself.

Thats one way of looking at it….

The glass is half full, half empty or twice as big as it needs to be. All are correct.

That flip is pretty worthless if you ask me. I buy at 31 S, I sell for .85*(38 S) = 32.3 S. Your ROI of 1.3/31 = 4%. That’s not as good as you think if you consider the risk and capital needed relative to other items.

only 4%, yes, but it’s a high turnover as it’s a popular item, and it compounds.
4% profit every 5 minutes for an hour = 60% profit.
it won’t compound forever, but for the short period it’s not bad.
I do prefer larger spreads, but the larger the spread, the less likely it is to both buy cheap and sell expensive.

Mystic.5934:

only 4%, yes, but it’s a high turnover as it’s a popular item, and it compounds.
4% profit every 5 minutes for an hour = 60% profit.

That doesn’t make sense. If I sell powerful blood at 38 S and buy at 31 S, it’s 4% profit, Period. The frequency, volume and duration of selling is irrelevant. It’s always 4% if those are the buy and sell prices.

It’s only profit if they actually sell.

You’re not compounding anything unless you include the profit with your capital when you re-flip…So basically each time you flip your increasing your volume – which is increasing your risk ratio on an already risky item to trade with such a measly profit margin.

Plus if you’re compounding 4% every 5 minutes for an hour I believe you are actually looking at something like an increase of 54% profit rather then 48% (if you were to not compound the interest earned on each flip).

I personally don’t want anything to do with a 4% margin from a flip. As a stand-alone investment it’s a ton of risk to take on; you take a loss if the market moves and you have to pull your listing, with minimal upside.

As part of a pretty wide-scale trading scheme with lots of hedging, sure, I could see incorporating that as a small portion of the scheme – if the price and the margin is stable enough. I’d want to know that market really well before I touched it, though.

When I see powerful blood go up, its more of an indication that more people should be farming southsun than attempting to make a risky flip.

Mystic.5934:

only 4%, yes, but it’s a high turnover as it’s a popular item, and it compounds.
4% profit every 5 minutes for an hour = 60% profit.
it won’t compound forever, but for the short period it’s not bad.
I do prefer larger spreads, but the larger the spread, the less likely it is to both buy cheap and sell expensive.

But you can’t immediately re-invest that 4%. Unless you’re investing about 8g, the return from your initial investment isn’t even enough to buy a single extra blood. And even then, you’ll only be increasing your buys by single bloods until 15.5g.

Anyone have a user made guide for “playing the TP” I understand the jist of it, but want to make sure there arent little tips and tricks I’m missing.

Solo.9027:

Drysdale.3826:

Anyone have a user made guide for “playing the TP” I understand the jist of it, but want to make sure there arent little tips and tricks I’m missing.

buy low, sell high.

^

and don’t forget opportunity costs

Let’s say you invest in an item and whoop, it rose by about 20% in a month (let’s say about 10g)

Well it’s ridiculously easy to make 10g so you actually lost a lot of opportunity by making a bad investment.

Though my advice is probably just for speculators.

For power traders, yeah, buy low and sell high (mind the 15% fee)