Guild Wars 2

1) There’s an item selling for 2 silver and there’s always the “smart guy” who thinks “I’m so smart, I’ll sell this item for 1.50 and I’ll sell it quicker than anyone!”. Well.. you’re not smart at all. If the item is SELLING for 2 silver, you’re just losing 50 copper.

2) The item is selling for 2 silver and people are putting offers for 1.99. That is also not smart because you are paying almost full price for the item. That’s hardly an offer. Have you ever seen someone saying “hmm.. I don’t know.. 100 dollars is to much for this.. I’ll give you 99 dollars and 99 cents for it!”

Have you ever thought that maybe the market problem is not caused by Anet? =D

To some people, the 1.50 now is worth more than the 2 later.

I don’t think you understood what I said. The person is POSTING the item for 1.50. He’s not fulfilling an offer. The item will sit there until someone buys it and this person will probably buy it even if it was selling for 1.99. It’s not instant money.

If the lowest listing is 2s but the highest offer is less than 1s50c, it’s entirely possible the person thinks 2s is overpriced. (Also, how can you know the item “is selling” for 2s? All you see is that someone wants 2s for it, which isn’t the same thing.)

The general guideline with item prices in an auction house is always “If it’s still there, it’s priced too high”. Of course, this can change with popular items or stable items.

Personally, I don’t do custom pricing too much. Mostly I consider the buy price to be enough. If there’s a huge difference, I’ll most likely put mine a bit below the lowest seller, but that would have more to do with wanting a bit of extra safety with my stuff, or because I think the price of said seller is kinda absurd.

Have you tought that giving poor example leads your cause ending up in bad light?

If it sells for 2s and someone offers 1s50c, grab n’ resell. That’s 20c profit which means 10% profit from listing price, or 12,5% profit for your investment.

I’m always glad to make 5% profit from single transaction.

But sure, time’s money to most of us! And difference between high prices and low prices (in tp) is often paid by that currency – time.

20c profit from a single transaction is hardly worth it. It takes less time to kill a mob and get 10x more in loot than to buy and repost it. In fact you could kill dozens of mobs in a starter zone who drop items well over 20c each in the time it takes to repost.

Articluna has the right of it. If there’s a bunch on offer for 2s, and you place yours at 2s, get in back of the line. It might sell… eventually. But why wait?

Okay, so price it at 1.99. Still no guarantee its going to move, since someone else is likely to come along and underbid you, as well.

Put it at 1.5, however, and someone like Articluna (or me) is guaranteed to come along and pick it up. You can then use that 1.5 for whatever you need it for now, while Articluna, who has apparently decided (s)he can afford to wait, collects a profit, as well. Everybody wins! Except, of course, for the greedy bloke (named AsheN) trying to sell overpriced goods.

I don’t make use of this fancy Black Lion Trading Post nonsense. I’m a man’s man, I explore the world mining ores, chopping trees, and collecting cooking ingredients. I make my own weapons, craft my own armor, and cook my own food. I’m a survivalist, and while I’m out there day after day learning the tricks of the trade you people are content to sit on your butts and complain about prices. Shame on you, do you want to remain soft and pathetic? Or do you want to be a manly man and grow a glorious mustache and beard? Get out there and be somebody!

AsheN.2459:

1) There’s an item selling for 2 silver and there’s always the “smart guy” who thinks “I’m so smart, I’ll sell this item for 1.50 and I’ll sell it quicker than anyone!”. Well.. you’re not smart at all. If the item is SELLING for 2 silver, you’re just losing 50 copper.

2) The item is selling for 2 silver and people are putting offers for 1.99. That is also not smart because you are paying almost full price for the item. That’s hardly an offer. Have you ever seen someone saying “hmm.. I don’t know.. 100 dollars is to much for this.. I’ll give you 99 dollars and 99 cents for it!”

Have you ever thought that maybe the market problem is not caused by Anet? =D

Yep, totally get what you mean here. I always hate it when something sells in the 2 gold 40 silver range and someone drops the selling price down to 2 gold and 24 silver. So much profit is lost. People need to get greedy.

We are greedy. We’re just smart greedy, selling at a price that will actually get us money, as opposed to posting at a price that will never sell (or take days to sell).

I usually price my items halfway between the lowest seller and the higher buyer. Whether it’s somebody buying my item to flip, or somebody who just desperately needs my rune/wood planks/ingredients NOW doesn’t really matter to me. I’d rather be out in the world exploring and battling to quibble over the difference. More coin is nice, but time is money too!

Ok… I’ll give you guys a really good example.. Cayenne Peppers.. Yesterday they were selling for 1.60 (Mind that they were not SITTING there.. they were really selling.. like 20 seconds, GONE).. I put around 60 of them.. and sold in about 20-30 seconds.. then I got some more.. and listed for 1.60 again.. and right after it someone posted the item for 1.04… JUST LOST 56c! So I did what a “brain carrier” would do. I listed the rest of the cayenne peppers for 1.60 again.. and in less than a minute, the guy sold his items and I sold mine. The fact is that this guy is probably making the market worse, because people are claiming that you cannot profit through the market, and that’s why. People are driving the values down so there will soon be no profit at all.

Right now cayenne peppers are selling for 1.04 and the highest offer is 91c. There you go, they just destroyed another item in the market.

If time is money, you should get the most out of it, right? Or would you work for 20 cents per hour? =)

Selling far below the current listing can dissuade others from undercutting you, so if you still make a good profit at that price it can be worth it.

Let me give another example.. Right now Bone chips are selling for 37c and the best offer is 26c. Someone JUST put 30 bone chips for 27c! WTH? If you want quick money, just accept the highest offer. That way you get some quick money and won’t disturb the market.

AsheN.2459:

Let me give another example.. Right now Bone chips are selling for 37c and the best offer is 26c. Someone JUST put 30 bone chips for 27c! WTH? If you want quick money, just accept the highest offer. That way you get some quick money and won’t disturb the market.

OR ……… You buy out the 27 cent listing and flip them at 37 … where is YOUR brain … profit is profit. The guy sells at 27 and feels he won … you flip at 37 and win…. win/win. don’t complain ….capitalize … thats the free market way.

VendettaDFA.9368:

AsheN.2459:

Let me give another example.. Right now Bone chips are selling for 37c and the best offer is 26c. Someone JUST put 30 bone chips for 27c! WTH? If you want quick money, just accept the highest offer. That way you get some quick money and won’t disturb the market.

OR ……… You buy out the 27 cent listing and flip them at 37 … where is YOUR brain … profit is profit. The guy sells at 27 and feels he won … you flip at 37 and win…. win/win. don’t complain ….capitalize … thats the free market way.

Selling for 37c will give you only 31c (after taxes). There is my brain! Nobody will risk buying 5000 of this item and noticing that the price went down to 26 right after you bought it =D

AsheN.2459:

VendettaDFA.9368:

AsheN.2459:

Let me give another example.. Right now Bone chips are selling for 37c and the best offer is 26c. Someone JUST put 30 bone chips for 27c! WTH? If you want quick money, just accept the highest offer. That way you get some quick money and won’t disturb the market.

OR ……… You buy out the 27 cent listing and flip them at 37 … where is YOUR brain … profit is profit. The guy sells at 27 and feels he won … you flip at 37 and win…. win/win. don’t complain ….capitalize … thats the free market way.

Selling for 37c will give you only 31c (after taxes). There is my brain! Nobody will risk buying 5000 of this item and noticing that the price went down to 26 right after you bought it =D

ya .. .theres your brain … not looking at 4c profit and the fact it clears out the barrier to your clean 31c profit from what you farmed …but i guess you can sit there and watch 27 become the new standard selling point. profit is profit …even at 4c per unit.

AsheN.2459:

Ok… I’ll give you guys a really good example.
…
Right now cayenne peppers are selling for 1.04 and the highest offer is 91c. There you go, they just destroyed another item in the market.

Um, no, 1.04 and .91 is not a destroyed market. Look at the long-term trends in pricing: apart from the spike in demand yesterday around this time, which temporarily drove up sale prices (but not buy prices), cayenne peppers have been around the a-bit-above-or-below 1s range since Thursday evening. There was a spike in buying and selling prices mid-week, but before that they were even lower than they are now.

So basically, you caught that item during an unusually large bid-ask spread, and are now claiming that the return of this spread back down to normal levels is a “destroyed” market.

VendettaDFA.9368:

AsheN.2459:

VendettaDFA.9368:

AsheN.2459:

Let me give another example.. Right now Bone chips are selling for 37c and the best offer is 26c. Someone JUST put 30 bone chips for 27c! WTH? If you want quick money, just accept the highest offer. That way you get some quick money and won’t disturb the market.

OR ……… You buy out the 27 cent listing and flip them at 37 … where is YOUR brain … profit is profit. The guy sells at 27 and feels he won … you flip at 37 and win…. win/win. don’t complain ….capitalize … thats the free market way.

Selling for 37c will give you only 31c (after taxes). There is my brain! Nobody will risk buying 5000 of this item and noticing that the price went down to 26 right after you bought it =D

ya .. .theres your brain … not looking at 4c profit and the fact it clears out the barrier to your clean 31c profit from what you farmed …but i guess you can sit there and watch 27 become the new standard selling point. profit is profit …even at 4c per unit.

Sorry, but it’s too risky for the low profit. You’re talking about buying and selling 5k of this item hoping that the market won’t change a bit, so you can have you 4c profit (around 40s for 5000 bone chips). The spread is so low that it may turn into a 1c profit or even a loss and it will take you FOREVER to sell 5k bone chips.

After all you’ll be getting 40s for the 5k bone chips (if everything went perfectly well) and you lost so much time on this matter (looking for a deal, buying and selling) that you would be better off doing events and getting this much money just by having fun!

Hippocampus.8470:

AsheN.2459:

Ok… I’ll give you guys a really good example.
…
Right now cayenne peppers are selling for 1.04 and the highest offer is 91c. There you go, they just destroyed another item in the market.

Um, no, 1.04 and .91 is not a destroyed market. Look at the long-term trends in pricing: apart from the spike in demand yesterday around this time, which temporarily drove up sale prices (but not buy prices), cayenne peppers have been around the a-bit-above-or-below 1s range since Thursday evening. There was a spike in buying and selling prices mid-week, but before that they were even lower than they are now.

So basically, you caught that item during an unusually large bid-ask spread, and are now claiming that the return of this spread back down to normal levels is a “destroyed” market.

Good! I was lucky! Didn’t know it was already a crappy item to trade.. lol

AsheN.2459:

VendettaDFA.9368:

AsheN.2459:

VendettaDFA.9368:

AsheN.2459:

Let me give another example.. Right now Bone chips are selling for 37c and the best offer is 26c. Someone JUST put 30 bone chips for 27c! WTH? If you want quick money, just accept the highest offer. That way you get some quick money and won’t disturb the market.

OR ……… You buy out the 27 cent listing and flip them at 37 … where is YOUR brain … profit is profit. The guy sells at 27 and feels he won … you flip at 37 and win…. win/win. don’t complain ….capitalize … thats the free market way.

Selling for 37c will give you only 31c (after taxes). There is my brain! Nobody will risk buying 5000 of this item and noticing that the price went down to 26 right after you bought it =D

ya .. .theres your brain … not looking at 4c profit and the fact it clears out the barrier to your clean 31c profit from what you farmed …but i guess you can sit there and watch 27 become the new standard selling point. profit is profit …even at 4c per unit.

Sorry, but it’s too risky for the low profit. You’re talking about buying and selling 5k of this item hoping that the market won’t change a bit, so you can have you 4c profit (around 40s for 5000 bone chips). The spread is so low that it may turn into a 1c profit or even a loss and it will take you FOREVER to sell 5k bone chips.

After all you’ll be getting 40s for the 5k bone chips (if everything went perfectly well) and you lost so much time on this matter (looking for a deal, buying and selling) that you would be better off doing events and getting this much money just by having fun!

You’re twisting your own words …. Never once did my suggestion claim that you buy 5000 bone chips … read what you posted you said someone just put 30 – not 5000 – 30 bone chips on at 27 instead of 37. If you don’t have a vested interest (that means you are part of the group selling at 37) then you have no grounds on which to complain to start with. Don’t just blurt out numbers if you arent willing to play the part of the party who the undercut affects. Your whole premise crumbles to the ground without at least that small amount of infused logic.

AsheN.2459:

You’re talking about buying and selling 5k of this item hoping that the market won’t change a bit, so you can have you 4c profit (around 40s for 5000 bone chips).

Not sure where/how/if you learned math, but 4c each on 5000 units is 2g, not 40s. (And it’s really 4.45c average, working out to 2g22s50c profit instead.)

I could see not wanting to buy any of the 27c listing if there were really 5000 at that price and you didn’t have 13.5g to spare at the time, but if they were really selling just fine at 37c, 2.225g is nothing to scoff at.

But where did this ridiculous 5k number come from in the first place? It looks to me like you invented it out of whole cloth, since it’s certainly not in your original account of what happened.

Hippocampus.8470:

AsheN.2459:

You’re talking about buying and selling 5k of this item hoping that the market won’t change a bit, so you can have you 4c profit (around 40s for 5000 bone chips).

Not sure where/how/if you learned math, but 4c each on 5000 units is 2g, not 40s. (And it’s really 4.45c average, working out to 2g22s50c profit instead.)

I could see not wanting to buy any of the 27c listing if there were really 5000 at that price and you didn’t have 13.5g to spare at the time, but if they were really selling just fine at 37c, 2.225g is nothing to scoff at.

But where did this ridiculous 5k number come from in the first place? It looks to me like you invented it out of whole cloth, since it’s certainly not in your original account of what happened.

Sorry, you’re right. Playing and posting seems to be like drinking and driving.. lol..
Yeah, 5k was just a number to address a high quantity trade. I won’t lose time buying and selling for a few coppers. Anyway some of my trades were around that number.

People like that are probably thinking : ‘’well, this item is worth less than 2 silver, because else someone would have bought it for 2 silver by now’’.

Basically, they say that the price of an item is not defined by the price that sellers want from them on th TP, because the items on the TP are the ones that didn’t sell yet.

Are they right? That’s a matter of interpreation. We can argue hours about this. I love to discuss stuff like this, preferably around midnight in a shady bar with a beer and some friends. Hours!

AsheN, some player sellers prefer convenience over a longer amount of time selling something and some player consumers prefer convenience over a longer amount of time buying something.

I only do “sell on TP”, check if the buy and sell offers are within 1 silver. If so I just take the highest bidding offer and cash in. No need to hassle with spare change. Do not forget that 50 copper is only 0.005 gold.

58 000 trades with this 50c margin will give you the equivalent of a legendary precursor. It’s up to you whether that’s worth it. I don’t care one way or the other. It’s a game.

Complaining that someone posted lower than you shows a distinct lack of respect for your customers.

TheKillerAngel.3596:

To some people, the 1.50 now is worth more than the 2 later.

no becouse if that player put it for 2s it would still sell it before others

becouse TP works like this

last offered item go out first

but ppl are dumb and undercut 1c this only make prices down and we end up with powerful blood sold for 5s cuz there are million of other ppl undercuting 1c each

If you know that an item will reliably sell at 2s, then it’s silly of you to complain about someone posting it for 1.5s. Just buy it and resell it at 2s, and while you’re at it you’ll make a 20c profit.

Tarvok.4206:

Complaining that someone posted lower than you shows a distinct lack of respect for your customers.

The thing is, majority of these people don’t think about that. That is one of the reasons I personally dislike auction house style selling and it was one of the reasons I was originally not going to buy this game at all.

Personally, I’m not a cash shopper nor am I a farmer. I prefer to make my funds via trading, or “merchanting”, as it is sometimes called. Before GW2, I played an MMORPG that had both an auction house and a personal shop you could set up in the streets. I was able to make enough funds to be outright called a liar and I was told on multiple occasions that I must be a cash shopper.

One of the aspects I liked about that was the people. I’m not much of a people person, but it’s always good to see that you, as a tradesperson, have managed to get a good reputation as a fair and cheap merchant among your customer base. For me, maintaining that was very important. The better you handle the people who buy your goods, the more likely they are to return. Once this repeats, eventually they will stop looking for cheaper prices and trust that you have the lowest or close enough and come straight to you. And similarly, by having these regular customers that buy bulk, you are able to sometimes sell large batches of goods by giving them a special deal just because they decided to talk to you.

Sadly, GW2 has no such trading. Having only an auction house means that not only can the customers not go to sellers that they like, as they can’t know who’s selling, the sellers don’t get a customer base that has faces. This leads to people ignoring that aspect completely and just focusing on the profits. Which leads to stuff like complaining when you get undercut on sales and complaining when you can’t buy everything cheap.

Keep in mind that TP is not just for you, as in people who want to make a profit. It is also for people want to dump stuff and get gold fast, people who want to buy mat for craft affordably, people that want to help each other, and people doing whatever they want for fun. It is certainly not against the policy to list lower prices if they think bring price down for all is fun, or is the good deed his’s doing the the land of Tyria. This is a role playing game, and I LOVE those that keep everything affordable for me.

saurus.8290:

TheKillerAngel.3596:

To some people, the 1.50 now is worth more than the 2 later.

no becouse if that player put it for 2s it would still sell it before others

becouse TP works like this

last offered item go out first

but ppl are dumb and undercut 1c this only make prices down and we end up with powerful blood sold for 5s cuz there are million of other ppl undercuting 1c each

No, that is not how the TP works. It hasn’t worked like that for a few weeks now. So if anybody’s dumb, it’s “ppl” who still buy and sell with the mistaken belief that the system is still sometimes LIFO.

The number of threads on this forum from people mad that people aren’t willing to overpay for their trash is amazing.

But I clicked my mouse four whole times in the crafting UI for this item! I deserve to make a profit!

It’d be interesting to see the consequences if they just kick the bottom out from under the prices, and remove the vendor+1 minimum while also making it so you can’t vendor items you got on the TP. Then people would get to see just how worthless their crappy mid-level crafted items really are. (I don’t actually want them to do this, mind you, and continuing to allow vendor selling would make prices stabilize just below vendor price, because people would just flip those things to vendors for guaranteed profit.)

OOO Wow… Ok. Lets sell a level 1 item that is worth 25 copper for 2 silver so i (the seller) can make new players to the game not want to use the TP at all and lose buyers.

Why don’t we sell the item for what it is really worth and not be greedy so and so’s.

simply rule of thumb

0-5 no higher then 50 copper (whites and blues)

6-10 no higher then 1 silver

so forth and so on. then adding 10 to 20% per quality of the item.
EXAMPLE: masterworks (green) would get 1x 10 to 20%

yellow 2x 10 to 20%

if you price an item at level 15 for 2 silver and it is blue that is TOO HIGH and deserve to be undercut

I have no interest in crafting and break down every weapon to the raw mats unless it is worth more than 1s AND there are people that want to buy it. I also wear armor with the rune of the scavenger for the magic find bonus and always snack on a ginger? tart/pie….something that provides a magic find bonus as well.

I usually price it at the lowest sell price (unless there is just 1 guy undercutting). I never take the lowest buy price as I can afford to wait for it to sell. I also finish every area I start which tends to provide some nice bonuses and get the daily achievements a few times a week.

Every 10 levels or so I upgrade all my armor/weapons and right now as a level 53 Ranger i have almost 8G. I don’t know if that is a good amount or not but it doesn’t stop me from buying anything when i want to. time and I do pretty well I think.

Alot of people have no idea that it is a global TP system that has a really fast turn over rather than what majority of MMO’s hold the usual server based system,, it makes a way for us to make money with the monster amounts of undercutting