Guild Wars 2

Hello,
I want to become rich. Very Rich. I always am so poor in this game (around 10 gold), and it is high time I start playing the market. It will be nice to walk around in my normal clothes and top hat and make this market my … well I can not curse but you get what I mean. I am looking for helpful hints at playing the market, I have seen some but I am looking for just about anything to keep in mind or do. EXAMPLE: Buying cheap armor that you can salvage for MATS that are worth more. ETC.

All of the things that make the most gold will no longer make the most gold if people tell others about them. Learn to find these niche markets yourself and you’ll go far.

Right Right. I am looking for more small time stuff to build on until I can find my own Niche within the Market. Like I do not have enough to buy 30 (250) stacks of mithral ore to speculate it will be rising in price with next back pack coming out. Is there any small things people buy and resell for small profits. like a dagger or food etc. More basic tips the better.

Lankybird.8149:

Hello

Hello
(because this is the most sense you made) the rest is how you told us how little you know about this. Just walk away man, just walk away…

enjoy the game and dont set yourself such a high standards ^^

Rising Dusk.2408:

All of the things that make the most gold will no longer make the most gold if people tell others about them. Learn to find these niche markets yourself and you’ll go far.

1st, pretty much this quote. You gotta find a niche in the market and then exploit the crap out of it until it gets discovered, then move onto the next one.

2nd, I think the biggest money you can get from the market comes from speculation. I’ve made the most of doing this activity. Disclaimer: I’ve also lost the most from doing this, so its a gamble.

3rd, long term investing. Find something that’s worth investing and is only going to go up in value. This can take quite a bit of time, and guessing partly, similar to speculation.

You missed your chance to become the 1% by about 16 months. Most of the 1% have 50+ Ghastly Shields, plus other skins, at this point.

Becoming that rich is your own doing, nobody can “help” you do that, because the moment they do what will make that much money will no longer..

I have already told other about it on this forum so its already doubled in price but I believe you could still make a good 50% gain on your investment before taxes with Exquisite Chrysocola Jewel with jewel crafting going up to 500 soonish? and these being at a much lower price to buy currently than they are to craft they should make a good investment for you.

I only speculate and do high level crafting to make money off the TP so here are tips that I would give you for speculating
1) As soon as something is announced officially don’t rush the TP wait at least 2 weeks for the prices to go back down again before investing.
2) check this page for insights into upcoming content and what it may need, (probably best to exclude most things from the mentioned section though)
3) BLK weapons whenever they first go on sale they sell for one ticket which is later changed to 3ish tickets, don’t buy them the first day they come out wait 1-2weeks then buy a few, you may have to hold on to these for a few months but they should at least double in price.

always stay up on what Anet is doing. Sometimes I feel Anet practically spoon feeds people on what they need to invest in. And yet people still complain. Common sense with the market goes along ways.

Flissy.4093:

You missed your chance to become the 1% by about 16 months. Most of the 1% have 50+ Ghastly Shields, plus other skins, at this point.

Becoming that rich is your own doing, nobody can “help” you do that, because the moment they do what will make that much money will no longer..

Do you know how long it takes to sell 50 ghastly shields?

Thanks for tips everyone. It seems like I just need to speculate what is going to go up based off upcoming content. Like if I had bough a bunch of cheap iron ore people were tossing away right before those new back packs. Guess I am going all in for mithral ore. I feel change coming.

In regards to your your example of salvage components being worth more than armor, it’s not something that happens everyday. Profit from doing such a thing is miniscule and you would have to always keep an eye on several items every 15 minutes, not to mention the velocity of this type of market is slow, so it’s not efficient at all.

If you want to take advantage of this type of strategy, you almost always have to do it on patch days.

For example, when the tempered backpieces came out 3 weeks ago, iron ore prices rose initially.

A lot of people of course will consider buying into iron ore and speculating on that directly, but there are other markets that in turn react less quickly since there are less buyers in the know.

Armors/jewels that salvage iron ore are markets you would buy up. Copper ore and it’s related armors/weapons/jewels are markets that you could buy up.

Some other key advice:
-Understand the game and be in the know
If you constantly play the game, you may be privy to real-time events that are going to change the market. For example, the latest patch fix removed core/box loot from the watchknights, whether it was unintentionally or intentional. The sheer number of people in guild and map chat led me to believe that this was a widespread issue, rather than an issue of people not doing enough DPS (which is often the case).

As a result, core supplies would be dried up very quickly after each hour (cores still drop from Scarlet fight, which is a tiny amount since not all maps reach her). I bought up dozens of cores at 70s, 1.3G and 2G. Now they are at 2G, 3G and 5G respectively.

Is it a good time to sell? We don’t know, and that’s the risk that flippers/speculators take. We don’t know yet if its intentional or when there is a fix.

We also don’t know the value of cores in the future, and whether there will be a way to get them. This is the type of questions speculators ask and gamble on.

Anyways I sort of trailed off topic – I’m not sure if you wish to be a flipper or speculator, but sometimes the two intertwine.

just a warning on the mithril ore I believe it was going for only 26 copper for quite a long stretch, not that it wont be profitable but don’t put al your money in one place (says the guy who just wont stop buying putrid essence…)

Yeah I generally do not recommend investing in lower-priced commodities unless you have
a.) a lot of capital invested in it
b.) extremely confident it will go up
c.) an alt account that uses TP as storage

For example, mithril ore rising from 30c to 50c would only result in 50s profit per stack (taxes not incl). When you consider how much bank space you need to have this worthwhile, it is not worth it. There are opportunity costs in investing.

If you had an alt account that stockpiled, say, 2000G worth of mithril ore at 30c (appx 666K mithril), then you would end up with 1333 gold in profit.

This is why I have 3 alt accounts. I invest in three lower-priced commodities and each of them has several hundred gold in them and use the TP as storage so that bank opportunity costs are kept to a minimum

These commodities I’m investing in are at a low right now, and I’m 100% extremely confident that I will make a return of at least 300% off other speculators in the near future, and possibly 560% this commodity gets actual use.

Oh and one of those commodities, everyone knows is Thick Leather Sections, but the other two are the ones I’m talking about!

Using the trading post to your advantage is the only way in which you can control (other than spending rl cash).

1st thing you want to do is to familiarize yourself with all the 3rd party resources available for the tp. This includes things like spidy, gw2trade, bid and buy notifiers, spreadsheets (hello excel), trading forums here and on guru, reddit (data mining<—-very important for patches), trend trackers, etc etc…. These will reduce your risk and make acquiring gold much easier/faster.

Wanze.8410:

Flissy.4093:

You missed your chance to become the 1% by about 16 months. Most of the 1% have 50+ Ghastly Shields, plus other skins, at this point.

Becoming that rich is your own doing, nobody can “help” you do that, because the moment they do what will make that much money will no longer..

Do you know how long it takes to sell 50 ghastly shields?

You don’t need to sell them to be the 1%. You have them – that is enough.

No one has mentioned this, so I will …

To build up some initial investment capital, try crafting for profit. You will need to follow some web sites to do this.

If you have crafted at all, you will be aware of component pieces that are required, things like boot liners, etc. These markets fluctuate quickly, but if you are quick, you can make30-40% profit after TP fees.

Look into crafting insignia or items using certain kitten insignia. These are not fancy big-ticket items, crafting 10 items can net you 60 silver here, 1g there in profit. Do this for a few weeks to build up capital.

Start small and try a few things to get a feel for certain markets while building capitol.

i know one way but you need to know the right one, see what crafted armor costs the most on low tiers and then look at how much the materials costs to craft it.
i ones made quite some dime from leather shoulder pads for instance, it’s bin about a year or so but it did help me get some new armor.

bri.2359:

No one has mentioned this, so I will …

To build up some initial investment capital, try crafting for profit. You will need to follow some web sites to do this.

If you have crafted at all, you will be aware of component pieces that are required, things like boot liners, etc. These markets fluctuate quickly, but if you are quick, you can make30-40% profit after TP fees.

Look into crafting insignia or items using certain kitten insignia. These are not fancy big-ticket items, crafting 10 items can net you 60 silver here, 1g there in profit. Do this for a few weeks to build up capital.

Start small and try a few things to get a feel for certain markets while building capitol.

Thank you I will look into this something nice to start off with.

Infamous Darkness.3284:

just a warning on the mithril ore I believe it was going for only 26 copper for quite a long stretch, not that it wont be profitable but don’t put al your money in one place (says the guy who just wont stop buying putrid essence…)

There is a large excess of Mithral and nothing has been done with it for awhile. It is the new Iron. I think they are gonna fix it sooner rather than latter. My goal is to buy it up all now at rock bottom prices and fill alt chars bank with 250 stacks. Best case, prices sky rocket within year, worst case I sell back for small profit. Also I am starting a corporation (Guild) called Lions of ArchStreet that will focus as a guild only playing the TP. Working together to do so.

Vol.7601:

Yeah I generally do not recommend investing in lower-priced commodities unless you have
a.) a lot of capital invested in it
b.) extremely confident it will go up
c.) an alt account that uses TP as storage

For example, mithril ore rising from 30c to 50c would only result in 50s profit per stack (taxes not incl). When you consider how much bank space you need to have this worthwhile, it is not worth it. There are opportunity costs in investing.

If you had an alt account that stockpiled, say, 2000G worth of mithril ore at 30c (appx 666K mithril), then you would end up with 1333 gold in profit.

This is why I have 3 alt accounts. I invest in three lower-priced commodities and each of them has several hundred gold in them and use the TP as storage so that bank opportunity costs are kept to a minimum

These commodities I’m investing in are at a low right now, and I’m 100% extremely confident that I will make a return of at least 300% off other speculators in the near future, and possibly 560% this commodity gets actual use.

Oh and one of those commodities, everyone knows is Thick Leather Sections, but the other two are the ones I’m talking about!

Low profit commodities do work well if you don’t have a lot of capital but do have a lot of space. They are an OK starting point because they allow you to begin investing and diversifying with relatively low risk.

Once you have capital though, you can afford to enter a lot of better markets and at that point the space is wasted on low profit items.

Honestly, I’d recommend using a low profit market as your training ground if you are just getting started so that you can learn how to find profit without risking your tiny capital pool.

mtpelion.4562:

Vol.7601:

Yeah I generally do not recommend investing in lower-priced commodities unless you have
a.) a lot of capital invested in it
b.) extremely confident it will go up
c.) an alt account that uses TP as storage

For example, mithril ore rising from 30c to 50c would only result in 50s profit per stack (taxes not incl). When you consider how much bank space you need to have this worthwhile, it is not worth it. There are opportunity costs in investing.

If you had an alt account that stockpiled, say, 2000G worth of mithril ore at 30c (appx 666K mithril), then you would end up with 1333 gold in profit.

This is why I have 3 alt accounts. I invest in three lower-priced commodities and each of them has several hundred gold in them and use the TP as storage so that bank opportunity costs are kept to a minimum

These commodities I’m investing in are at a low right now, and I’m 100% extremely confident that I will make a return of at least 300% off other speculators in the near future, and possibly 560% this commodity gets actual use.

Oh and one of those commodities, everyone knows is Thick Leather Sections, but the other two are the ones I’m talking about!

Low profit commodities do work well if you don’t have a lot of capital but do have a lot of space. They are an OK starting point because they allow you to begin investing and diversifying with relatively low risk.

Once you have capital though, you can afford to enter a lot of better markets and at that point the space is wasted on low profit items.

Honestly, I’d recommend using a low profit market as your training ground if you are just getting started so that you can learn how to find profit without risking your tiny capital pool.

I am tending to agree, stocking up for my first big payoff will be nice for me to invest in, well playing the crafting market as a side task well I sit and wait. thanks for advice everyone! keep it coming.

The best advice I can offer is:

• Look for a way to give yourself an advantage.

While websites like GW2Spidy are great and have some wonderful information, all sorted and pretty, these websites are “public domain”, meaning everyone has access to them. If everyone has access to them, then everyone sees the same information. If everyone sees the same information, then the most profitable items will have a lot of competition.

Look for ways to further analyze this “public” data to give yourself an advantage. Numbers given for Current Buy Orders and Current Sell Listings aren’t a realistic representation of Demand and Supply, respectively, but they CAN give you an idea of how easy an item would be to buy or sell.

Getting the data is a HUGE part of how able you are to analyze it, react, and profit from it. There are several ways to get the data you’re looking for, each with their own advantages and disadvantages. If you have a cursory knowledge of programming, you can create your own tool (database or spreadsheet) that will track the prices of items and analyze them to determine profitability.

Your best bet is to start small by manually entering data into a spreadsheet, then find ways to look at the numbers differently than everyone else….looking for profit in untapped areas. Once you do that, you can begin adding automation through programming. Soon enough, you’ll be tracking multiple markets, gathering the data automatically, analyzing it, then having your tool tell you exactly where you should be investing your money with the least amount of risk and greatest amount of reward.

Also, keep in mind that flipping items, while the easiest market to get into, has the most amount of competition. Find ways to gather data that isn’t readily, and publicly, available.

I realize this is all pretty general information, but it’s likely that’s all you’ll really get from this thread. Those “in the know” will not tell you specific markets or items to invest in because all it will do is hurt their profits. If anyone DOES give you specific information, it’s likely that one of two things is happening: 1.) they’re trying to lead you astray; 2.) they’re trying to profit off of you and others in your situation. Some players are VERY knowledgeable as far as how the TP works and how to find profit in it. From the posts I’ve read, Wanze.8410 and Vol.7601 are players like that. Listen to their advise.

The last bit I can offer is to understand that there are three basic markets in the game:

• Flipping: Buying an item at a low price, then selling it at a higher price
• Creation: Taking multiple items and combining them into a single item where the final value is greater than the sum of its components (Crafting / Mystic Forge / etc.)
• Destruction: Taking a single item and breaking it into multiple components where the value of those items are greater than the value of the higher level item. (Salvaging / Containers / etc.)

One thing to remember is that flipping is PvP, and people will do anything to win, including lose money.
When you find a market, if someone else is there, they will try and force you out. Your objective at that point, if you choose to stay, is to force them into a profit loss while maintaining a few coppers profit for yourself.

For example, I’ve made a couple hundred gold this past few weeks playing strictly with masterwork level dyes. You can buy a whole lot of them for between 8 and 10 silver each, and up until last weekend you could sell them for between 15 and 16 silver.

Someone who feels they own that market has since come in, bought up 50 or so units of several of the dyes (and is buying more), and then flips them with a sell price of just 12 silver. On most of the dyes, this is a sub 1silver profit level. If this was mass quantities of dyes, spread across the entire spectrum of color, it could be profitable, but with the numbers that are shown, it’s pretty obvious he’s doing it just to be a kitten.

There are thousands of other markets, but there are thousands of other kittens too. Just know that if you find a niche, you make as much gold off of it as you can, then move on when someone with more money than brains shows up to cut profits to zero just to be a kitten. That’s life with flipping.

Lonewolf Kai.3682:

Rising Dusk.2408:

All of the things that make the most gold will no longer make the most gold if people tell others about them. Learn to find these niche markets yourself and you’ll go far.

…
3rd, long term investing. Find something that’s worth investing and is only going to go up in value. This can take quite a bit of time, and guessing partly, similar to speculation.

Not disagreeing, just adding: it’s even more difficult given the fact the TP has only rudimentary search capability and poor user experience. External sites are affected by potentially problematic sampling rate. If you embark on this quest, remember the external sites and TP base demand off “ask” prices, NOT actual “shares sold”. I got bitten by this for about my first week of speculating.

Lankybird.8149:

Infamous Darkness.3284:

just a warning on the mithril ore I believe it was going for only 26 copper for quite a long stretch, not that it wont be profitable but don’t put al your money in one place (says the guy who just wont stop buying putrid essence…)

There is a large excess of Mithral and nothing has been done with it for awhile. It is the new Iron. I think they are gonna fix it sooner rather than latter. My goal is to buy it up all now at rock bottom prices and fill alt chars bank with 250 stacks. Best case, prices sky rocket within year, worst case I sell back for small profit. Also I am starting a corporation (Guild) called Lions of ArchStreet that will focus as a guild only playing the TP. Working together to do so.

The name aside (no comment, hehehe), that actually sounds like a fun idea!

Lankybird.8149:

My goal is to buy it up all now at rock bottom prices and fill alt chars bank with 250 stacks. Best case, prices sky rocket within year, worst case I sell back for small profit. Also I am starting a corporation (Guild) called Lions of ArchStreet that will focus as a guild only playing the TP. Working together to do so.

A guild like this is good for sharing tips and information but not for operating, as long as every member places his own buy orders and sell listings because you will compete against each other.
It can only be done, if only one person controls the capital, investments and profits.

Ladybird, you will find many things which will be profitable. The more you get involved the more you learn. Things I’ve ran into from those first starting is lack of patience, panic buying just because someone post a thread here. “grapes” And letting their emotions get the better of them when getting into a bidding war. For me when I first started, and it has already been mentioned. Is research.
My advice when long term speculating have a valid reason as to why you would want to stock up on something. If your just starting, there are several great guides for learning the ins and outs so to speak. The tp is amazingly profitable as well as fun. After awhile imo its not so much about how much gold you can make. Once you break a certain amount it starts to lose its appeal. But more about your ability to be right when speculating. Which is what is fun for me. Wish you the best in this.

danielrjones.8759:

Ladybird, you will find many things which will be profitable. The more you get involved the more you learn. Things I’ve ran into from those first starting is lack of patience, panic buying just because someone post a thread here. “grapes” And letting their emotions get the better of them when getting into a bidding war. For me when I first started, and it has already been mentioned. Is research.
My advice when long term speculating have a valid reason as to why you would want to stock up on something. If your just starting, there are several great guides for learning the ins and outs so to speak. The tp is amazingly profitable as well as fun. After awhile imo its not so much about how much gold you can make. Once you break a certain amount it starts to lose its appeal. But more about your ability to be right when speculating. Which is what is fun for me. Wish you the best in this.

Thank you for the advise! Are all black lion TP server bound or to the span to all servers?

Lankybird.8149:

danielrjones.8759:

Ladybird, you will find many things which will be profitable. The more you get involved the more you learn. Things I’ve ran into from those first starting is lack of patience, panic buying just because someone post a thread here. “grapes” And letting their emotions get the better of them when getting into a bidding war. For me when I first started, and it has already been mentioned. Is research.
My advice when long term speculating have a valid reason as to why you would want to stock up on something. If your just starting, there are several great guides for learning the ins and outs so to speak. The tp is amazingly profitable as well as fun. After awhile imo its not so much about how much gold you can make. Once you break a certain amount it starts to lose its appeal. But more about your ability to be right when speculating. Which is what is fun for me. Wish you the best in this.

Thank you for the advise! Are all black lion TP server bound or to the span to all servers?

All NA/EU servers share one tp.

mtpelion.4562:

Low profit commodities do work well if you don’t have a lot of capital but do have a lot of space. They are an OK starting point because they allow you to begin investing and diversifying with relatively low risk.

Once you have capital though, you can afford to enter a lot of better markets and at that point the space is wasted on low profit items.

Honestly, I’d recommend using a low profit market as your training ground if you are just getting started so that you can learn how to find profit without risking your tiny capital pool.

At this point, what you’re describing above really is pure speculation. If you want to make a large amount of gold off of something like crafting mats, you will need either an obscene amount of gold yourself or a group with whom you can pool resources to MOVE THE MARKET, not just stock up and hope the market moves on its own.

EXAMPLE: In October 2012, a group of people on a private forum began discussing the low price of Silver Doubloons at that time, considering how difficult they were to farm and just how many were needed to make a Legendary Hammer (Juggernaut, which required a FULL STACK of these). At that time, there were a total of around 600 or so Silver Doubloons on the Trading Post, with an average price of under 2 silver, the highest price being around 7.8 silver. So we bought all of them; not 1 Silver Doubloon was left on the Trading Post. We then floated the price by putting in Bid Orders of 20 silver, and within a few days that established price, as the supply had dwindled to almost nothing. We then relisted our entire supply of 600+ at 39.95 silver each. People who’d been waiting to buy stacks of them to finish off their Legendaries (this was about the time when the first few people were finishing them) bought them up in a few hours! A total profit of around 20,000 gold (split 8 ways) was made at a time when Precursors still sold for 100-300 gold.

Since that time, we have moved the Silver Doubloon market 4 more times, to the ridiculous price to see today. And there are several people who believe that if the price of Precursors were ever to drop (due to crafting or the long-fabled “precursor scavenger hunt”), the market could probably handle 10 GOLD per Silver Doubloon, so that may happen in the future.

And there are several other markets that are tampered with like this all the time; omnomberry and orichalcum prices used to yo-yo up & down constantly, but seem to have finally settled in to a sort of “max price” after which people will simply farm them.

Anyway, what you need to do, if you want to get away from pure speculation and gambling, is to find a market you can control. Find something in the game which is needed in large supply, is either consummable or becomes Bound after use, is used often, and is difficult or impossible to really farm. Omnomberries used to fit this description long ago, but are simply being used less often now, so the supply/demand ratio is different. About 6 months ago, a small group did the same thing with Lotus Roots; their price suddenly shot up from .71 silver to almost 3 silver in a day! This price came back down after a few weeks, but because people were spending far less time in Cursed Shore then, since it was just after the anti-farming patches, it took weeks for the supply to be restocked, & I’m sure everyone involved in that made money.

So yeah, don’t waste your time speculating on whether “Grapes” or whatever will be used in the next patch (lol to everyone who did that), find a market you can take control of and set your own prices.

The other option, of course, is to find some ridiculous exploit like many of the GW2 zillionaires did early in the game (Godskull-Weapon-to-Precursor conversions, anyone? Or glitched, self-multiplying siege weapons? lol), but tbh, those are rare, don’t last long, and often result in mass-bans (look up “GW2 Snowflake Ban” sometime). So I don’t recommend getting involved in any of these “exploits” that pop up, especially considering that they’re not usually that insanely profitable to begin with (Snowflakes weren’t anyway).

Oh, and my apologies to anyone here who’s currently putting together The Juggernaut.

Otokomae.9356:

mtpelion.4562:

Low profit commodities do work well if you don’t have a lot of capital but do have a lot of space. They are an OK starting point because they allow you to begin investing and diversifying with relatively low risk.

Once you have capital though, you can afford to enter a lot of better markets and at that point the space is wasted on low profit items.

Honestly, I’d recommend using a low profit market as your training ground if you are just getting started so that you can learn how to find profit without risking your tiny capital pool.

At this point, what you’re describing above really is pure speculation. If you want to make a large amount of gold off of something like crafting mats, you will need either an obscene amount of gold yourself or a group with whom you can pool resources to MOVE THE MARKET, not just stock up and hope the market moves on its own.

EXAMPLE: In October 2012, a group of people on a private forum began discussing the low price of Silver Doubloons at that time, considering how difficult they were to farm and just how many were needed to make a Legendary Hammer (Juggernaut, which required a FULL STACK of these). At that time, there were a total of around 600 or so Silver Doubloons on the Trading Post, with an average price of under 2 silver, the highest price being around 7.8 silver. So we bought all of them; not 1 Silver Doubloon was left on the Trading Post. We then floated the price by putting in Bid Orders of 20 silver, and within a few days that established price, as the supply had dwindled to almost nothing. We then relisted our entire supply of 600+ at 39.95 silver each. People who’d been waiting to buy stacks of them to finish off their Legendaries (this was about the time when the first few people were finishing them) bought them up in a few hours! A total profit of around 20,000 gold (split 8 ways) was made at a time when Precursors still sold for 100-300 gold.

Since that time, we have moved the Silver Doubloon market 4 more times, to the ridiculous price to see today. And there are several people who believe that if the price of Precursors were ever to drop (due to crafting or the long-fabled “precursor scavenger hunt”), the market could probably handle 10 GOLD per Silver Doubloon, so that may happen in the future.

And there are several other markets that are tampered with like this all the time; omnomberry and orichalcum prices used to yo-yo up & down constantly, but seem to have finally settled in to a sort of “max price” after which people will simply farm them.

Anyway, what you need to do, if you want to get away from pure speculation and gambling, is to find a market you can control. Find something in the game which is needed in large supply, is either consummable or becomes Bound after use, is used often, and is difficult or impossible to really farm. Omnomberries used to fit this description long ago, but are simply being used less often now, so the supply/demand ratio is different. About 6 months ago, a small group did the same thing with Lotus Roots; their price suddenly shot up from .71 silver to almost 3 silver in a day! This price came back down after a few weeks, but because people were spending far less time in Cursed Shore then, since it was just after the anti-farming patches, it took weeks for the supply to be restocked, & I’m sure everyone involved in that made money.

So yeah, don’t waste your time speculating on whether “Grapes” or whatever will be used in the next patch (lol to everyone who did that), find a market you can take control of and set your own prices.

The other option, of course, is to find some ridiculous exploit like many of the GW2 zillionaires did early in the game (Godskull-Weapon-to-Precursor conversions, anyone? Or glitched, self-multiplying siege weapons? lol), but tbh, those are rare, don’t last long, and often result in mass-bans (look up “GW2 Snowflake Ban” sometime). So I don’t recommend getting involved in any of these “exploits” that pop up, especially considering that they’re not usually that insanely profitable to begin with (Snowflakes weren’t anyway).

Oh, and my apologies to anyone here who’s currently putting together The Juggernaut.

For someone with plenty of room and lots of time though I could buy anything, any one item, in mass, and just wait the market out, well still doing the normal ins and outs. But yes it seems when you have low capitol it is best to band together with a guild that can easily keep eyes on market together and make moves as a group.

If you really want to be a 1%’er get a part time job and work an extra 2 hours a day, or 10 hours a week. 10 hours*$7.50 = $75 = 6000 gems = 360g

That is 36g/hr, far more than you will even make on the TP outside of huge upsets.

ZudetGambeous.9573:

If you really want to be a 1%’er get a part time job and work an extra 2 hours a day, or 10 hours a week. 10 hours*$7.50 = $75 = 6000 gems = 360g

That is 36g/hr, far more than you will even make on the TP outside of huge upsets.

That’s a nice set of numbers, but you’re forgetting that you have to be at that job for those 2 hours a day.

If you flip right, you don’t need to put more than a few minutes in per hour, and are free to do whatever you want while you make money on the TP.

ZudetGambeous.9573:

If you really want to be a 1%’er get a part time job and work an extra 2 hours a day, or 10 hours a week. 10 hours*$7.50 = $75 = 6000 gems = 360g

That is 36g/hr, far more than you will even make on the TP outside of huge upsets.

360 gold per week would also not get you into the Top 1% in the game, I’m afraid to say. At that rate, it would take you 7 weeks to make roughly the same profit I described above, which was made in only 1 week. And during the other 6 weeks you are trying to catch up to that, people in the 1% would be continuing to make even more gold. Spending real-life money to convert to 360 gold per week would in all honesty, get you closer to being a 30%’er or something like that.

360 gold a week would only have you in 30%? Well kitten I guess I could settle for a 10% spot.

Otokomae.9356:

ZudetGambeous.9573:

If you really want to be a 1%’er get a part time job and work an extra 2 hours a day, or 10 hours a week. 10 hours*$7.50 = $75 = 6000 gems = 360g

That is 36g/hr, far more than you will even make on the TP outside of huge upsets.

360 gold per week would also not get you into the Top 1% in the game, I’m afraid to say. At that rate, it would take you 7 weeks to make roughly the same profit I described above, which was made in only 1 week. And during the other 6 weeks you are trying to catch up to that, people in the 1% would be continuing to make even more gold. Spending real-life money to convert to 360 gold per week would in all honesty, get you closer to being a 30%’er or something like that.

I’m pretty sure 360 gold per week is the top 1%. Sure, there are probably a dozen, two dozen other players that make more gold than that but that’s an extremely high rate of gold when you consider the rest of the population.

The majority of players in this game probably don’t even touch 50g a week.

“How do I become a 1% Lankybird.8149 33 538 Otokomae.9356”
538 views. at least 33 are duplicates. probably 50% didn’t read the middle 31 posts. at least 75% aren’t looking to play TPWars2. What I’m getting at is that maybe a dozen people will do any advice you give. And in the grand scheme of things, if there are 12 more people buying cheap rares, for example, what’s the harm? (considering there are around a million players) On the other hand, it’s too hard to give direct advice (wayyyyy too many things), so only general advice can be given, practically speaking.

How to become a 1%:
1) Don’t spend gold. View every purchase as an investment. If you buy something, you better be prepared to make a profit off it in the future. As an aside, do you know how many millionaires live near you in RL? more than you think – most of them live mediocre lives and don’t buy a new porsche every year, because that’s how they have a million $$ now. Eventually you’ll have enough that spending a couple hundred on shinies won’t impact your ability to get more, and you’ll see it as only a couple hours/days time to recoup – that’s when you slowly spend some.
2) Money creates money. If you have 10g, you could get 5g out of it. If you save up 100g, you could get 50g out of it. 1000g -> 500g. you get the idea. goes back to the “don’t spend gold” thing.
3) Be creative. the more obvious it is, the less profit you’ll get from it. If everyone knew that F&F dyes would double in price after a couple months, everyone would have bought them. Whenever I see someone post about adding sale history to items directly in the TP, I tell them that that won’t help them – because everyone will have access to it, so the info becomes moot.
4) Be patient. [almost] always sell via sell listing and buy via buy order (the exception would be if you get more profit/time with the other way or the spread between them is very small. The goal is to buy low, sell high; do not get on band waggons. If the price of iron ore is rapidly increasing, you’re already too late to invest in it.
5) Know what you’re planning and want out of it before you invest. and be reasonable. For example, buy 100 stacks of thick leather knowing you will save it until thick leather goes above 1s.
6) Be aware of your limitations. Don’t buy 7,000 rare back items if you can’t spare the storage space to hold them until they go up in price (I consider it a mistake… I made a profit, but it took like 6 months of almost no bank room, and it tied up a large portion of my money the entire time) also… sell listings do count as storage space; just a bit more expensive and less repeatable than private guild banks.
7) Learn how to use excel. could be used for keeping track of how much you bought something at, or could be for calculating the price you should pay for materials to make a crafted item. excel is capable of retrieving prices from gw2spidy.
8) 10g profit per hour >>> 100g profit per week. though I will point out that usually there is a limit to how many of that 10g/hr you can do, so you have to diversify – just do both!

had to split between two posts…

9) A couple ways I make profits:

• salvaging (buy item, salvage it, sell salvaged materials = fast speed, small waiting, medium work, medium profit) ~500g profit/week max
  Most profit made when item does not obviously give a profit, so more work = more profit. Salvaging for ectos, salvaging for basic materials, opening bags. Could require high initial investment to make lots of buy orders, most of which won’t be filled.
• crafting (buy crafting materials, craft stuff, sell crafted stuff = fast speed, small waiting, highwork, medium profit) ~500g profit/week max
  Profit usually made by saving other people time, such as crafting components and inscription/insignia. Temporary recipes usually do good as well (watchwork runes/sigils, potent potions, etc.). Also a lot of profit to be had in making items, but that’s slower.
• forging (buy materials, throw in forge, sell stuff that comes out = fast speed, medium waiting, high work, medium profit)
  Requires the highest initial investment to get past bad luck. precursor crafting, major ? superior rune/sigil crafting, etc.
• speculating (buy it, wait a month or so for the price to go up, sell it = slow speed, high waiting, small work, high profit)
  Item types I recommend: Temporary items (such as special items from different parts of the Living Story). especially things with low supply, are valuable, and exit circulation, such as dyes and skins.
• flipping (buy order for 1g, sell listing for 2g = medium speed, medium waiting, little work, medium profit)
  Any and every item is open here. higher turnaround items will give less profit but are bought/sold faster. Requires high initial investment to make lots of buy orders, most of which won’t be filled.

I wonder… how much net worth would qualify for the top 1%? I know of one reddit post where they showed that they had like 130,000, but I know there aren’t many of those.
And what counts towards this? certainly gold. things that can be sold should count for what they can be sold for. but what about equipped legendaries and similar? does 1000g on hand rank higher than a guildie who has 8 legendaries on various characters?

Ah, if you’re just looking for a list of “Tips”, all of Mystic’s advice is fine. Another TIP is that you don’t need to pour Mithral or whatever you’re speculating on into your Bank, taking up Bank/Inventory slots. As soon as you buy whatever you’re speculating on, just relist it on the TP IMMEDIATELY. If you have NO IDEA what price you plan to sell at, then DO NOT BUY! If you need help calculating price points that would give you the sort of profit you’re looking for, www.tpcalc.com is always handy. Also, when determining where to price your items, look through the list of current prices for exceptionally large stacks, and try to avoid those prices.

Example: if Mithril Ore (which you’re apparently been buying) has a current Bid Price of, say, 37 copper, and you think it will increase in value and would like to make a 50% profit on it, then you would want to relist it immediately at 1.06 silver. But if you look through the prices and find that at most price points there are, say, 500-2,000 Mithril Ore, but then at 1 silver you suddenly see 100,000 Mithril Ore listed, it might be safer (& faster) for you to simply list all of your Mithril Ore @ 99 copper and just take the 47.5% profit you would make from it, with less risk and less waiting. Less waiting, of course, means that you can turn the profits from your Mithril Ore into more profits somewhere else; this is where the often-used phrase “Time is Money” comes in. If all your gold is tied up in the TP for a long time waiting for something that might never sell, then you can’t use to to move something else that could create profits for you right now. So, undercut those obscenely large stacks when you see them, even if it means a small dip in your profits, unless you have a very solid reason for thinking that more than 100,000 Mithril Ore are about to removed from the market.

50% profit, btw, is actually a reasonably good margin for your standard, day-to-day flipping. You can usually get that from simply trading low-level Blues and Greens, but those have taken a hit lately, with LA Attack allowing everyone to simply skip straight to level 20. Hopefully you can see where this is leading… but there is a new market that’s emerged from this event, that’s allowed many people to make 100%+ profit off of simple Green-flipping strategies the past few weeks.

Just sell a Legendary.

How to get a Legendary? Be the 1%

Avascar.9237:

Just sell a Legendary.

How to get a Legendary? Be the 1%

More like the 50%. The 1% probably have Legendary sets, including stacking weapons, for all their alts at this point.

Otokomae.9356:

50% profit, btw, is actually a reasonably good margin for your standard, day-to-day flipping. You can usually get that from simply trading low-level Blues and Greens, but those have taken a hit lately, with LA Attack allowing everyone to simply skip straight to level 20. Hopefully you can see where this is leading… but there is a new market that’s emerged from this event, that’s allowed many people to make 100%+ profit off of simple Green-flipping strategies the past few weeks.

As someone who has recently made 600 buy orders, each for a stack of many different blue and green items (I’m salvaging for luck and making a profit at the same time), I have to O_O at you for wanting to list those for sale. I would do a 1 hour run of LA under attack, then go get stuff from the TP and salvage. It would take me around 10 minutes to collect and salvage all the items that came in during just those 60 minutes. Each day when I came home from work, I spent almost 2 hours collecting and salvaging. and that’s all with a fairly quick click-click-click of infinite kit. I could not even imagine how long it would take to list all those items as sell listings, and how much I would hate the ‘Error attempting to sell’.
btw: after 4 days I got REALLY tired of it and removed all the remaining buy orders. ended up with around 9 stacks of the 200 essences (+15% mf), 4000 darksteel ingots, 6000 steel ingots, 1000 iron ingots, 1000 cotton bolts, 500 linen bolts, and a few others.

@Mystic 9 stacks =15%, your in the 30k per point range. Hope you didn’t stop. Unless you are already done with mf. That sentence caught my attention, I remember those numbers all to well.

Mystic.5934:

Otokomae.9356:

50% profit, btw, is actually a reasonably good margin for your standard, day-to-day flipping. You can usually get that from simply trading low-level Blues and Greens, but those have taken a hit lately, with LA Attack allowing everyone to simply skip straight to level 20. Hopefully you can see where this is leading… but there is a new market that’s emerged from this event, that’s allowed many people to make 100%+ profit off of simple Green-flipping strategies the past few weeks.

As someone who has recently made 600 buy orders, each for a stack of many different blue and green items (I’m salvaging for luck and making a profit at the same time), I have to O_O at you for wanting to list those for sale. I would do a 1 hour run of LA under attack, then go get stuff from the TP and salvage. It would take me around 10 minutes to collect and salvage all the items that came in during just those 60 minutes. Each day when I came home from work, I spent almost 2 hours collecting and salvaging. and that’s all with a fairly quick click-click-click of infinite kit. I could not even imagine how long it would take to list all those items as sell listings, and how much I would hate the ‘Error attempting to sell’.
btw: after 4 days I got REALLY tired of it and removed all the remaining buy orders. ended up with around 9 stacks of the 200 essences (+15% mf), 4000 darksteel ingots, 6000 steel ingots, 1000 iron ingots, 1000 cotton bolts, 500 linen bolts, and a few others.

This is not a strategy for someone with 1,000 or 10,000 gold to use, this is a strat that will work well for people with 5-50 gold to simply increase that amount. It’s completely different from Marcko’s or whoever’s “Make-your-own-luck” strat.

You were, by the way, doing the absolute slowest version of the Make-your-own-luck strategy. It’s generally done by salvaging Ectos, which has been netting people an average of 1.5 Piles of Crystalline Dust per salvage, then selling the Dust and buying more Ectos. I went from 112% Magic Find to 300% this way, and I think I lost about 7 gold in the process (it COST me 7 gold to increase my Magic Find by 188%). This was probably just bad RNG luck/bad market timing, as I was only trying to grind out Magic Find, not really attempting to make a profit at the time.

If you reach the point where you can afford to put in Buy Orders for 600 low-level Blues and Greens each hour to flip on the TP, that means you should have over 60 gold, in which case it is time to move on to a few other Gold Making strategies. Lots of people will still flip the lowbie stuff even after they move on to other strats, but not in those kind of enormous numbers. Flipping the lowbie items is also not something you sit at the computer doing, you put in all the Buy Orders right before you log off, and immediately relist them the next time you get on.

yes, at 30k/mf point. went from about 230 to 245%. I could max it, but there’s not much benefit to just max it, as I’ll explain below.

clarification: placed buy orders for 600 items, 250 items each, assorted blues/greens of item types that would give a 1-2s profit per item. no idea how many items actually came in, but we can estimate that: 9 stacks = 450,000 luck ~ 22,500 items (10 luck/blue + 30 luck/green = 20 luck/item average) ~ 337g profit
now, if I had went the ecto route: 450,000 luck would take about 4,100 ecto (cost 1,517g), cost 25g to salvage, and give back about 7,380 dust, which can be sold for 1,345g after tax. net loss of 197g. and that’s only 15%mf. 55% more mf would be another 722g loss.
sure, I can afford that loss. But I don’t want to. I’d rather spend 10 hours of collect/salvage to end up with an extra 534g. (53g/hour, btw)
It is the slowest way to get luck, but it’s also the most profitable (what OP wanted, btw)

Yeah I tried my hand at salvaging blues/greens through buy orders but I stopped after a few weeks. It can be profitable but it takes so long having to salvage everything. So I ended up buying thousands worth of ectos and now I’m at 290%.

Seaweed is the future!

Axialbloom.8109:

Seaweed is the future!

Soylent Green is People!

Vol.7601:

Yeah I tried my hand at salvaging blues/greens through buy orders but I stopped after a few weeks. It can be profitable but it takes so long having to salvage everything. So I ended up buying thousands worth of ectos and now I’m at 290%.

Quitter.

From what I hear from people that are whispering me it’s far more competitive now Vs. when I was doing it. It was easy to casually get a stack + of the 250 luck things every night (after arti compacting).

I found another way to do it less directly which works very well… but I fear if I was to disclose that method as well it would just mess up that way and I wouldn’t be able to help in game friends with it : /

@ OP if you can find indirect ways of making things which are profitable I’ve always found those ways to be the best. Also patch days are $.$

Just work some overtime and convert it to gems then to gold… Overtime in most any job will trump whatever grinding you have to do and will make the game feel much less Grindy as you will only be playing stuff you like and not turning the tp into a second job whos income can’t surpass your real one… Plus it makes you look good to your boss putting in all the extra hours.