Guild Wars 2

So yea, I get the offer and demand principle, but let’s say Chocolate.. why does it go up so much? People don’t really use it a lot if I’m not mistaken, but still it is rising.

So I thought maybe it was something like people buying up small markets and driving up the price, but that’s not true either. I was looking around on gw2spidy and stuff like Green Onions (few other items like this), only 3000 around, and still for 7c, so I guess there is really no demand.
So that’s not it either..

Are these just sort of ‘fake’ markets, where the only buyers are people who think they will make money buy investing, and not actually using. So basically only investors making money of other investors? I’m a bit confused..

If you are using spidy and cant see its being manipulated then you are truly blind. I only started looking at Spidy closer this past few days and noticed this so i bought 50 gold of choco and made 22 gold profit 24 hour later after fees. Atm its being driven by investors feeding off other investors. I highly doubt it will be used in recepies during wintersday as much as ppl think then it will crash.

Puandro.3245:

If you are using spidy and cant see its being manipulated then you are truly blind. I only started looking at Spidy closer this past few days and noticed this so i bought 50 gold of choco and made 22 gold profit 24 hour later after fees. Atm its being driven by investors feeding off other investors. I highly doubt it will be used in recepies during wintersday as much as ppl think then it will crash.

So this is just people buying in and making profits of the people that are late?

Jetser.2486:

Puandro.3245:

If you are using spidy and cant see its being manipulated then you are truly blind. I only started looking at Spidy closer this past few days and noticed this so i bought 50 gold of choco and made 22 gold profit 24 hour later after fees. Atm its being driven by investors feeding off other investors. I highly doubt it will be used in recepies during wintersday as much as ppl think then it will crash.

So this is just people buying in and making profits of the people that are late?

It will keep rising atm for sure. It will crash when the person with most of the chocolate sells it or when people see that it isnt really needed for recepies.

Just look up ghost peppers right before the halloween patch and look at the spike and crash.

Jetser.2486

So this is just people buying in and making profits of the people that are late?

Yeah, this are people that buy for 100g chocolate bars, post in forum about rising chocolate prices, sell the chocolate to the people that believe them and go buy chocolate & take the profit, laughing all the way to the bank at the stupid forum readers.

Tallis.5607:

Jetser.2486

So this is just people buying in and making profits of the people that are late?

Yeah, this are people that buy for 100g chocolate bars, post in forum about rising chocolate prices, sell the chocolate to the people that believe them and go buy chocolate & take the profit, laughing all the way to the bank at the stupid forum readers.

What about those insignia’s, the green and blues ones, are those also ‘fake markets’?
I mean, nobody needs them, but they seem strong markets. I can’t figure out who would buy them, but they seem lively markets.

They made chocolate harder to obtain a while back, so really, chocolate was prepared for a price hike. It just took the anticipation (And a few forum posts here and there) of the holiday season to cause people to speculate enough to drive the price up.

-Upcoming Holiday season + Trader speculation to the extreme.
-It’s chocolate. Everyone loves chocolate!

Jetser.2486:

What about those insignia’s, the green and blues ones, are those also ‘fake markets’?
I mean, nobody needs them, but they seem strong markets. I can’t figure out who would buy them, but they seem lively markets.

That’s a possibility, but I think another scenario is more likely:

I’ve seen crafting guides that advocate buying the insignias and inscriptions instead of crafting them with the ingredients because they’re cheaper. And at the point they wrote the guide, that might have actually been true. Cue a bunch of people following these guides and a corresponding increase in demand!

Or there are people who are levelling up crafting who just want fast discovery XP instead of going through the trouble of crafting the insignia. While I don’t think that’s the driving force, I know I’ve let my impatience get the better of me at times.

I can think of a few reasons why people use them, at least.

You guys got me thinking about potential investments. It seems that Powerful Venom Sacs don’t have a great deal of use/value at the moment. Do you think they are worth banking in the hope that more recipes/uses come out for them?

Marrgon.6852:

You guys got me thinking about potential investments. It seems that Powerful Venom Sacs don’t have a great deal of use/value at the moment. Do you think they are worth banking in the hope that more recipes/uses come out for them?

I know they’re used for the Rampager’s exotics… other than that… /shrug.

It was a cheap way to lvl cooking, the price of leveling a craft was not meant to be 2g. The butter is too cheap btw, it has started to move from 7c to 14c.