Guild Wars 2

Before going into derivatives it would be fantastic to be able to borrow TP tradeable assets to go short dream on though what with all the anti-market central economic planners out there (with quite a couple threads on the 1st page of the BLC forum)

+1
I bought a pass for each of my accounts and it really amazed me at how a convenience item inconveniences me so much, it really is ridiculous.

fully agreed, I just bought one for each of my accounts and every time I log in I rant to myself as to why does a convenience item inconvenience me to access the useful 2nd level…

http://www.gw2spidy.com/item/19976
looking longer term still ridiculously cheap though, not much use for these coins, weird given anet has time gated their supply

Vol.7601:

get lucky. see sig

thanks for the peek at your investments…

little tip to improve visuals, create a custom number format:
“## ## ##”
and apply to your columns with values in it

Guhracie.3419:

zeibars.9781:

If OP wants to sell hot dogs at $3 if the market is paying $10 I’m sure he will find in map chat or here in the BLTC forum people willing to make that transaction with him…

These forums are not a grey market

I did not suggest using these forums as a grey market but if OP wants to hand free gold out and needs ideas of who to hand it to he can look at people who post here. Or ask in map chat (in case there isn’t anyone in map asking for people to send him gold.. in that case OP can trade with them)

If OP wants to sell hot dogs at $3 if the market is paying $10 I’m sure he will find in map chat or here in the BLTC forum people willing to make that transaction with him…

Gewd.8125:

zeibars.9781:

Gewd.8125:

Vedordra.8310:

Wanze.8410:

Vedordra.8310:

Gewd.8125:

What I’m saying is that the tips you are giving out have been common knowledge for a very long time and they are not likely going to help even the most astute learners reach 10k.

I felt that this needed to be said as it was mentioned you have 400k gold.

As someone who has also spent hundreds of hours on the TP, it is in my personal interest to see new ideas rather than the same stuff said a year ago: buy uncommon BLTC skins, use ectos to gain MF, use spreadsheets to get the highest gold/skillpoint etc…

Whether or not you want to divulge any of it is up to you.

Like I said, I may discuss it in the future. Yes I know most of the tips n whatnot are pretty basic and have been somewhat common knowledge for a year but not everyone in the community spends hundreds of hours on the TP or even gets on the forums to view posts like this. This is also one of the reasons I do the Q&A’s twice a week on the stream, it’s so that players of ALL experience can get on, ask questions and everyone who’s viewing the stream can learn from them.

Thats why i think that Vedordras way to teach basics is more constructive for most players that want to make more profits via the tp than giving out specific tips for certain items or mechanics.

This guy gets it.

I’m not really asking for you to tell people exactly what items to buy. Believe me, I am beyond that.

But you can’t pretend that anyone is ever going to make the logical leap from the tips you are currently giving out and taking it to the 100k level.

When I first broke 10k, the kind of trading/thinking required was completely different from what I was doing before.

imho helping people break 10k is not the intention of Vedodra’s streams or this thread but to help people reach the single k levels (which is my case). people who have 10k+ don’t need tips i’d think…

Well if you want to use the argument “teach a man to fish blah blah”, then these tips are not much better than telling people what items to buy. You can find everything he says by searching “gw2 tp blog” on google. If you can’t even do that, then the problem is lack of motivation, not lack of TP training.

I find it rather misleading that he is telling people to use strategies that he himself doesn’t use. Until I see something unique this just looks like a ploy to get followers on Twitch/Youtube.

Wow you really have an axe to grind with this guy, am very curious as to your history with him… he himself doesnt use because he is in another league as far as gold goes imho. I’d say the vast majority of GW2 players have never seen 1k gold (or if they did they farmed for it to buy their precursor) let alone over 10k. His strategies are valid for those wanting to reach the 1k level and in his streams (I only watched 2 of them) he actually is open to Q&A on speculation which are actually pretty good. Anyway I still find it hard to understand how someone with over 10k is looking for tips to get into the 100k level…

Gewd.8125:

Vedordra.8310:

Wanze.8410:

Vedordra.8310:

Gewd.8125:

What I’m saying is that the tips you are giving out have been common knowledge for a very long time and they are not likely going to help even the most astute learners reach 10k.

I felt that this needed to be said as it was mentioned you have 400k gold.

As someone who has also spent hundreds of hours on the TP, it is in my personal interest to see new ideas rather than the same stuff said a year ago: buy uncommon BLTC skins, use ectos to gain MF, use spreadsheets to get the highest gold/skillpoint etc…

Whether or not you want to divulge any of it is up to you.

Like I said, I may discuss it in the future. Yes I know most of the tips n whatnot are pretty basic and have been somewhat common knowledge for a year but not everyone in the community spends hundreds of hours on the TP or even gets on the forums to view posts like this. This is also one of the reasons I do the Q&A’s twice a week on the stream, it’s so that players of ALL experience can get on, ask questions and everyone who’s viewing the stream can learn from them.

Thats why i think that Vedordras way to teach basics is more constructive for most players that want to make more profits via the tp than giving out specific tips for certain items or mechanics.

This guy gets it.

I’m not really asking for you to tell people exactly what items to buy. Believe me, I am beyond that.

But you can’t pretend that anyone is ever going to make the logical leap from the tips you are currently giving out and taking it to the 100k level.

When I first broke 10k, the kind of trading/thinking required was completely different from what I was doing before.

imho helping people break 10k is not the intention of Vedodra’s streams or this thread but to help people reach the single k levels (which is my case). people who have 10k+ don’t need tips i’d think…

Vol.7601:

You are absolutely right, that site is difficult to understand

Is it me or is it not really a spreadsheet but a website? I’m seeing formulas rather than the values.

i.e. the first item, iron ore, has this in the Profit field:
-(1)(9)(45) (-48%)
-(10)(94)(50)/SP

??

1g9s45c loss per promote or 10g94s50c per skill point…

Mystic.5934:

well ty I do know my php

you rule sir.

Vedordra.8310:

Would feature it on the stream but thats probably just as bad as map chat xD

Please don’t!!!

Watched 2 of your tp twitch videos, great stuff, thank you!

Wanze.8410:

zeibars.9781:

Would you say 80/promotion is a good average given your experience?

I would suggest to do your own research as it gives you the most reliable info. I might have a personal interest in you all starting to promote now and give out false info.
The wiki also isnt very reliable sometimes (i found out that many lootbags have incomplete loot tables and even if some mats are listed on a loot table of a bag, the page of the mat itself sometimes doesnt list that bag as a means of acquisition).

If i wanted to, i could add bogus data to the wiki, stating that i made 5000 promotions and the average return was 63, just so people dont consider it profitable.

If you collect your own data, you know its true and it gives you a huge advantage over other players.

A couple of days ago, t1 refined leather was available for 8 copper on the tp, thats 20 silver per stack. 100 stacks cost you 20g and 20 skillpoints to promote. Hardly a huge initial investment for research and it gives you a decent sample size to determine the average return.

Well said. Actually if 80/promotion is the actual average no one will be promoting anything soon which suits me quite well Great tip on getting one’s own data, Had forgotten the distribution is probably the same so would need to do the data collection only once.

Wanze.8410:

zeibars.9781:

Time to make a spreadsheet… if Wanze likes his market to himself he wont divulge it lest he get competition

I already used up all my skillpoints (except a reserve of 200, which i keep on hand for mayor market fluctuations. or if i need them for something else), so i only use whatever skillpoints i earn per day. And as i mentioned earlier, i still have some more tricks up my sleeve due to my experience from the last 5 months, so i am not afraid about any competition atm. I already promoted and sold all the mats that i bought prior to the bazaar and i am not buying new mats atm, due to the inflated prices of unrefined mats.
Giving out valuable info like this usually results in alot of people trying it now, so you might have a hard time to sell your stuff in the next couple of days or until the bazaar is over.
Thats why i suggested to start with it in a couple of weeks, when most people reading this moved on to other stuff and forgot about it.

Indeed, well I already have my spreadsheet up, now to wait for it to be profitable… Thing is there is a large amount of unspent skill points out there and the good thing is no one (egg baron or the guy Vol linked) has a website/spreadsheet out with mats/refined mats so no easy pickings for the lazy..

Wanze.8410:

Vol.7601:

Are you using a website or just looking at what is in demand and then promoting? It would be nice to turn all my skill points into 12,000g

When i started out, all i knew from the wiki was the range of t2 mats you get back per promotion (40-200).

I read somewhere that the average was about 80 per promotion, so i went from there.

Would you say 80/promotion is a good average given your experience?

Vol.7601:

Wanze.8410:

DaveGan.8065:

So passion aggression. Much defender.

On a serious note, T1->T2 is a time sink most people watching that stream don’t want to deal with. T5->T6 (reg/fine/rare) is about as much of a sink as most people can stomach and the return on investment (gold and time) is good enough for most of them.

If you get an average of 5 skillpoints per day, it doesnt take more than 10 minutes per day to buy t1 mats, promote them and sell them.
My average return per skillpoint is more than 3g and i have been doing this on a daily basis since the start of the year. Just like with any other part of playing the game or the TP, the more experience you have, the better you get. My average since Escape from LA is beyond 6g per skillpoint because i know at what day of the week to put in my buy orders and when to sell. The Blade Backpack Iron Frenzy and Bazaar Trader Mat Sinks certainly helped to increase my average in the last 2-3 months.

So if you consider earning 100-200g in 1 hour of weekly gameplay a timesink nobody wants to deal with in a stream that is aimed at people that want to improve their trading profits, go ahead and promote t5 mats.

Are you using a website or just looking at what is in demand and then promoting? It would be nice to turn all my skill points into 12,000g

Time to make a spreadsheet… if Wanze likes his market to himself he wont divulge it lest he get competition

Illconceived Was Na.9781:

ZudetGambeous.9573:

zeibars.9781:

What is the theory on the demand POST patch of this? I can understand speculation ahead of it but now that it is among the most expensive mats to exchange why are people still buying it in droves? It is the cheapest mat in value but I believe in rationality… what am I not seeing?

most people aren’t rational.

Or at least, their reasons aren’t what we expect. People still sell items in bulk on the TP for vendor + 1c, i.e. a loss after fees. I’m sure they have a reason for this, even though it eludes me.

People also continue to pay premium prices for items with special names, but with skins identical to those available on cheaper items.

Agree that people do things one could call irrational but due to ignorance (of TP fees or of cheaper skins).

On the Thick Leathers I saw them being bought in bulk lifting offers so perhaps they now something (or are speculating on something) I don’t know about…

Illconceived Was Na.9781:

I expect significant market changes every time a new release is announced and then again right before and right after the update. (The first two were mentioned by Wanze, just above.)

1. Quick cash: causes medium-patient speculators to unload.
2. Space for new stuff: requires medium-hoarders to make room.
3. Returning players: the updates attract so-called boomerangers who haven’t played in a while. They have all sorts of stuff in inventory that they don’t care much about.
4. Hackers/gold sellers: they too are moths-to-the-flame for new updates and they unload everything.

However, in the case of unID dyes, I don’t think we’ll see that much of a dip. People expect a certain level of value from their original investments and often are irrationally unwilling to accept less and a lot of people spent a lot of money buying up dupe colors.

Plus, unID dyes stack compactly for their value: it’s easy to hold on to a few 1,000 vials without using up that much space.

That won’t stop new buyers from opening a lot of dyes, so I expect to see the price of specific colors drop again.

In regards to the original post: dye prices did crash, right after the update. I was able to acquire a lot of fine dyes at below 10 copper, masters below 2s, and even rares for a fraction of their December 2013 values. As explained by others, there was a floor for the UnIDs, so those didn’t go down as quickly as some expected. But people did panic-sell most of the specific colors.

Prices are back up to 2013 values (give or take), so there’s room for them to drop again…and then return to pre-feature patch-announcement rates again.

You missed #5: Opportunity cost for holding assets that aren’t moving (Uni Dyes) given all the opportunities the update has provided

ZudetGambeous.9573:

They just finished nerfing the last of the gold generating methods in the game. Pretty much the only way to get gold in a reliable manner is either a- playing the TP or b- with a credit card.

Hence the announcement.

Would think inflation has gone rampant with all the money supply out there and the Maestro John Smith has decided to tighten monetary policy, hence the lack of drops in the pavillion (which is making it extremely unpopular) and the nerfing of farms…

What is the theory on the demand POST patch of this? I can understand speculation ahead of it but now that it is among the most expensive mats to exchange why are people still buying it in droves? It is the cheapest mat in value but I believe in rationality… what am I not seeing?

Vol.7601:

Kootje.9271:

I’m curious if Anet has indeed changed the exchange rates on the boxes. If they don’t then gossamer scraps are the cheapest…

The market will correct that very, very quickly.

What ends up happening the moment the patch hits is that the most efficient material will be bought up to the point that it will be somewhat equal to other materials.

So for example, gossamer may be the most cost-efficient material, but it will be bought up so quickly it will end up being as efficient as Thick Leather or mithril.

This.
I have been stocking up on CLS, RLS, Gold Ore, Gossamer, Cotton, Wool and especially… Iron Ore. Still amazed at how Thick Leather refuses to fall. I sold 400+ stacks last night around 30/31 and was amazed at how easy it was. Perhaps the so called rational people were looking at the cheapest material in price? So weird…