Guild Wars 2

There I was: trading sacks on the TP.

Lowest Sell Price was 1.6 silver, the highest bid price was 1.4 silver, and 1.3, 1.2, 1.1, and 1.0 each had about 250 in each slot.

Obviously, there were about three or four of us during that timeframe, judging by the activity.

The bids were diminishing, and I could tell the buyers were right along with me – making SMALL bids on 1.4, and you could see SMALL tranches being placed below it – we were about to drive the price down to 1.3.

Just before we crossed over into 1.3, I saw the others do what I did – drop their bids on 1.3 down, increase their bid stacks on 1.2 and below.

Then came Clevon into the mix – dufus drops a bid order of 1.5 to the tune of 5500 items.

Rather than coming in, placing a grand on 1.3, and 1500 on 1.2 and 1.1 each, he chose to stop the momentum of the bidding for easily an hour while we wait for his tranche to clear. He also paid more for his 5500 items.

Now – free market is the name of the game, but looking at the bids for a minute or two can keep the pressure on the price up and result in a lot of savings over the course of a trading session.

Maybe that buyer was so rich that the savings you’re talking about is chump change to him? He just wants those bags and he wants it NOW.

I do that with rare pistols when I’m forging. I’ll just buy them at 16s a pop instead of the 13-15s they’re listed for so I don’t get bid against and I own those markets for a few days. :D

Zaxares.5419:

Maybe that buyer was so rich that the savings you’re talking about is chump change to him? He just wants those bags and he wants it NOW.

That’s what I suspect… I just hadda blow off steam

EDIT: I was really more annoyed by stopping the momentum of the trading – killjoy :<

There are 3 types of people on the trade market:
-People who want to make money and know how to
-People who want to make money and continuously lose money
-People who don’t care and just throw items up as fast as they can click

The mini market is an easy to give example of sorta decent profit with slowish turn over. The mini market is also very volitile, due to people buying less mini’s. The price of mini’s can double or triple in a day and then come the weekend go back to a semi normal place as supply kicks up from the weekend warriors.

There was this mini that usualy bids for about 40 silver. sell at say 55-50s. So thats not to bad of a profit for an easy to flip item if your into low volume predicatble sales. Last week, this mini was 1.8 gold, WAY over what it usually is. I happaned to just buy 3 for the 40ish silve price. Throw them up at 1.79g and boom money is coming in.

Then come the people who want to make money but don’t know how to. Don’t get me wrong, I undercut like a champ. But it’s ALWAYS buy 1 copper. The buy now price went from 1.79g to about 1g in the course of an hour due to people undercutting each other by 10 silver. Yep. 10 silver each undercut. Not 1 copper, lets try 1,000 more of an undercut. Entertainingly, while people were busying undercutting each other my massive amounts, the bid price jumped up (which is expected). The bid price and the buy now price clashed in under 90 mins, collapsing that little money machine almost as soon as it was born.

The problem with the mini market is everyone knows about it. Sure, the profit is low and the turn over is slow, but it’s easy. I usually throw about 5g into mini’s a day, maybe get back about 1g in profit on a fast/good one, but I only do this after I am done putting on my buy low bids for the real money makers (for instance, after I put my bids out (takes about 30-60 mins depending on what items) I go back to trader and pick up gold from misc sold items and then throw that gold into random stuff so I’m not sitting on money while i’m not in game.

Let’s not forget our true friends – the people who list items on the market for 1 copper over the bid price. Thank you, thank you very much. I love buying your stacks of expensive to craft items at 1c over bid, and re listing them for 1.5s+ in straight immediate profit for each unit. I really do love that. I wonder what these people would do if they knew that had they only listed for a smart price and waited 12 hours, they would of pulled in like 5g more.

When you have money to work with you want volume when making this sort of transaction. When I go and buy 10k bags I want them to clear fast, and I’d rather get them inside of two hours at a 15% margin than waiting two days for half of them to clear, having to pull the rest, to get a 20% margin. What you’re doing slowly working the margins down is exactly what you should be doing when you’re trying to safely squeeze some money out, but there’s no reason to expect someone operating on a much larger scale to try and do the same thing.

Ensign.2189:

When you have money to work with you want volume when making this sort of transaction. When I go and buy 10k bags I want them to clear fast, and I’d rather get them inside of two hours at a 15% margin than waiting two days for half of them to clear, having to pull the rest, to get a 20% margin. What you’re doing slowly working the margins down is exactly what you should be doing when you’re trying to safely squeeze some money out, but there’s no reason to expect someone operating on a much larger scale to try and do the same thing.

Yup, like I said, I hadda blow off steam – we’d been there about 1-2 hours I guess and had dropped the price down from i dunno 1.08 to ALMOST .99, after which there were several additional increments that woulda naturally brought it down into maybe the 80’s (because there were so few bids in each) within maybe a half hour. Then the large order came in and poof! trading stopped (including his hugenormous bid for probably the following hour – he hardly had a nibble).

I do stuff like this for fun. While I lose money, I know the look on the faces of the other traders. I’m glad there’s no bidder ID as of yet, or else people would be hunting me down in game.

So even the TP PvP has trolls, huh?

Zaxares.5419:

So even the TP PvP has trolls, huh?

PvP is still PvP, no matter the arena. If someone wants to undercut me, I’ll make him pay by waiting longer to sell his goods. I do this by flooding my Sell Orders with consistent 1 less copper prices for the next 10 or 15 posts. By then, the undercutter’s item will be so far down, they’re forced to relist, or just wait an extra day or two. Another way I do it is to overbid on Buy Order items in the same way. With multiple +1 copper bids, people who want the item right away are forced to match or beat my bids.

How do you know which player submitted those bids?

GrandmaFunk.3052:

How do you know which player submitted those bids?

you dont, thats why people do it safely.