Making money
TP flipping requires close watching. It’s a bit late to capitalise on the dye situations due to the mass bot ban. I took a gamble and got lucky with the rare dyes inflating by 100 to 300%.
The thing is to limit spending, being a scrooge stops those little bits of coin spent from adding up.
Aside from what you’re doing now there’s not much else. The ones that are making a ridiculous amount of money are the ones currently controlling the high end items on the TP.
https://forum-en.gw2archive.eu/forum/game/players/OPERATION-UNION-Bringing-Players-Together
Yeah I know, it’s really hard but I want to know what items should I be watching more often then others? Also, I don’t know how people are able to speculate months before, for example chocolate bars, 1month ago, it was 19c per item, now it’s almost 1silver.
I’m so tired of farming, spent like 30hours and the loot is horrible. I often do Claw of Jormag and The Shatterer and loot is always abysmal. I did receive my Ancient Karka chest reward 2 days ago but yeah, loot is mediocre.
First, bookmark www.gw2spidy.com to do the watching for you.
Second, chocolate and many items that might be used for Winter Event recipes are being controlled by power traders right now (really, just go to the BLTC forum). They started a few weeks ago. Some of them are just really good at it (just like trading stocks).
Farming dragon champions, vets, and champs isn’t quite viable right now. There was supposedly a bugfix in mid-November to increase loot drops, but many players complain they see worse loot now than they did before.
If you want to try trading, try to find your own market you can follow. While some traders focus on commodities, others actually craft for profit. It takes a lot of research and more time than simple flipping, but might be more viable for someone with only a normal amount of gold.
Now, go to the BLTC forum and start reading on the wisdom of the masters. And start studying economics
When prices rise like that it is to do with a large group getting together and controlling that item. It is always discussed beforehand on what items the merchants are going to push next. The ones that go solo usual monitor the close trends of items on the TP e.g keep spreadsheets and then gamble.
The reliable ones are your regular materials mainly mid to high. Insignias also work fairly well too. Also ores are very good, such as gold ore ad above. Foodstuffs I do not really have a much experience at. Dyes are also very reliable but due to inflation of the dyes the dyes may become slightly unpredictable.
The advice I can give you is look at items I have suggested and keep a spreadsheet of prices over each day for a few weeks or a month. Once you are confident that prices regularly fluctuate from high to low safely then you can try your hand at flipping.
I myself do not actively flip but was lucky enough to profit from abyss and gold dye flipping.
At first you will be making small profits such as 50s/1g but as funds increase you can create more profit.
As always remember risk/reward and always spend money you can afford to lose.
https://forum-en.gw2archive.eu/forum/game/players/OPERATION-UNION-Bringing-Players-Together
Kk thx for the tips. At the momemnt, I am focusing on armored scales, prices fluctuates a lot and profit margin is high. I usually stay on tier 6 mats because there are a lot and prices always keep changing.
There are some good vids on youtube that talk about flipping which may be a good reference if you’re looking to learn more.
Go advice from both the above. I took statistics never thought it would have much use to what I wanted to really do, but NOW I’m able to calculate some pretty accurate scenarios. Keep up to date with the patch notes etc. E.g with the introduction of Fractals precursor prices were bound to tank due to future introductions of Fractal items becoming the new high end. Now they’re decreased by at least 30%.
https://forum-en.gw2archive.eu/forum/game/players/OPERATION-UNION-Bringing-Players-Together