calling all GW millionaires!

by...

- not spending gold on things i don't need
- and never having created a warrior character for well over a year


having warrior characters seems to be quite a gold sink. All the most valuable rare skins on the market seem to be warrior weapons/shields. The most expensive greens are invariably warrior items. For a long time, sup absorption was the most expensive rune out there.

When you don't have a warrior character, not only do you have no interest in wasting gold on outfitting one w/ runes, weapons, armor, etc. But any valuable green warrior drops you find you generally will not be interested in keeping thus generating more gold than if you had a warrior.

Perhaps w/o a warrior you would miss out on money doing runs? But that's not something I've ever tried.

^^ i was playing for a whole year without a warior. its my monk and my ranger who were getting me the money

now i made a warior just cuz i had 3 unused char slots and i wasnt interested in making an assassin....lol

For a moment there i thought you were talking about that one special chest in the desert that the QA testers knew about.

This thread is full of inaccuracies it is amazing. Makes you wonder what the quality and reliability of the info in other threads is.

Actually quite easily. Making a million is not hard. I would consider 10 million a nice challenge which is quite achievable.

Actually making and spending a million is very very easy its just newbs and people who lack any form of intelligence think that everyone who spends large amounts of gold ebays....

So do many rich people. They dont spend 24/7 grinding to make gold. You may have to spend forever grinding to make gold but I know many who dont need to.

No, this is sooooo wrong. There were two trader resets. One ages ago where everyone kept their stuff. The other was a few months back where EVERYONE lost their stuff during the time period.

For some reason people think he is one of the richest people in Guild Wars

<--- 1500 hours

I am pretty sure the majority of rich people did things other than those. I am 100% sure the majority/most of rich players did not just; sell HOD swords, chest run Drednoughts Drift or trader reset to become rich.

It is incredible people still ask questions like, "how do i make gold???" or "how do i make a million gold as i think millionaires ebay???".

I have tried to show a few friend beginners how to earn some gold by several means, such as simple runs like lions-toa, lions-ascalon. It's not much, but it's a good way to learn. I've also showed them some solo farming builds, gone through the steps and so on.

But I'm always surprised (not to be mistaken with annoyed) by frequent pm's asking me if I have any leftovers, spare gold, or anything of the sorts. They are always short on gold, have less than decent weapons, and don't seems to be enjoying the game as much as they could because they focus too much on making small ammounts of gold.

What I've noticed about them is that they have bad shopping habbits. It takes only a minute or two to see what perfect stats are on a weapon and to go through forums/auctions to get an idea of what something costs. Instead they try to sell items that would go for under 1k for several times their value, wasting time, getting upset over their lack of success, and so on. Then when they buy items they over pay quite a bit. Example, one of these friends paid a couple k for a purple raven staff, non maxed, single mod at about 13%, no upgrades.

At first they too thought it was impossible to achieve kk+ without ebaying it. It's only when I take them along that see there's no need for it. Saving and market pricing plays as much of a part in making gold as does farming it, but it seems to take some people a little longer to get into that area.

Offering Services for people who cant be bothered grinding through the game
multiple times.

I have never power traded, except those two times with the black dye and balthazar flames.

-2 man UW
-farming hoh chest
-not wasting gold on novely things (mini-pets, "new greens" and such)

That's a good point about not wasting gold. Lots of people in-game that I know have purse strings that are a tad too loose. Don't spend where it isn't necessary.

I've made money by:

1) Selling Jade Wind Orbs
2) Selling Jade / Amber
3) Completing Factions repeatedly and selling the Amulets
4) Completing Nightfall repeatedly and selling the Hand of the Forgotten
5) Buying Books of Secrets in Kamadan, beating Abaddon's Gate again, trading for the Hand of the Forgotten, selling the Hand of the Forgotten

Those are where I've made decent chunks. Other than that, it's normal gameplay. I wasn't around for the old days with material trader resets, and pre-AoE nerf farms. I've since spent a great deal on skills, so there's no use hacking my account...

I would have to agree with Herb ... it is so hard to stay at a million ... i always end up buying something stupid (15k asalon armor last week) when i get to it. trading in this game is quickist way to make money..buy low sell high .. like a guy in my guild sold his titan gem yesturday for 100k 70 ecto purchased another one for 100k 20 ecto and sold it for 100k 70 ecto..
Save your money and you will have money it is pretty simple.. each character at most has to spend 5k total for armor plus materials runes.

Money is pretty pointless in this game the only thing i would like is a unconditional Axe/sword/hammer 15% because of the imbalance.

^ yeah i think i would be at or close to a million if only i would save more gold. i spend my gold like crazy on armor and dyes lols

I use to farm griffons and minotaurs before the first AI update. I'd average 1-3 gold drops,a couple purple drops, and like 10-20k daily there.

For everyone that responded in this thread that they have more than a million gold, I would like for you to step back and ask yourself this question:

"Why do I have this much money?"

Not HOW you got it, but why you continue to hold onto it?

I encounter this question often when I look at my storage and my cash reserves, and always answer "I dunno". Honestly, once you get the weapons that you desire, the main things you have to purchase are:

1. Armor. FoW is obviously expensive, but if you don't like how it looks, 15K is very, very affordable.

2. Skills. Even with converting several new characters to a new chapter, I still don't see massive amounts of money leaving my coffers to bring them up to date.

3. Guild Hall Improvements. A big one time hit if you fund them all yourself, for sure....but it's still a one time hit.

4. Rare Skinned Items. This has to be the biggest gold investment you can find, but again, it's just there for cosmetic reasons.

Right now, I'm on a quest to fill up my materials storage, but then again, that's a bit petty on my part as well. It's just nice to know that you have become fully insulated from market movements when you want to buy that piece of armor you now have a fancy for.

I think that is why I stopped focusing on how much wealth I've accumulated...

as one of the wealthiest players out there ill tell you;
Nothing is more profitable than power-trading.
Period.

as for people who think making a million+ in a short timespan isnt possible; consider this.
if you buy and sell 10 items a day, each one with an average of a 20k profit (not a very high margin as any powertrader will tell you), thats 1.4million a week.
during the height of my trading career; late august 05-january 06, i averaged about 3.5-4.5 hours trading a day, and averaged about 3.5m a week. (i should mention by "trading" i mean i sat in LA1, talked to friends, thought about builds, read other websites (namely guru) and in the interrim read tradespams to pick up on what was needed; i do NOT mean a constant 3.5 booring-assed hours of WTB XXX! and WTS XXX!).
i could have made far more than that...but i set very strict rules for myself; the most notable was my "commission floor" i would not even consider trading for an item unless i could make at least 50k off of it immidiatly; or 100k in a few days, in order to minimize the risk of losing money, or the item just ending up sitting in storage with no current, or future purpose (another personal rule of mine; never buy an item unless you intend to use it, or make a profit off of it).
most of the time items i traded in ranged from 80k-150k profit, it wasnt untill january to the release of factions that i traded EXCLUSIVLY in high end items (i had "quit" trading at that time, and so only dealt in private trades for a few months...far less profitable, but far less time doing it).
very, very seldomly does a powertrader come across something where they find an item worth a mil, for only 50k or so. it does happen, just not often. and the fact that most people assume power traders do this latter type of trading (essentially ripping off people who dont know item value, known as "newb farming" among traders) is a point made from ignorance of what we did.

also, no matter how much money you have, if and items are what you seek, it will almost never be enough.
i've finally hit a stage where i no longer care about items or wealth in general. every now and then ill sell a minor item for some spending cash, for ahwtever purposes, but the days of holding 2,500e+ are over...i no longer need them, i no longer care.
and i can most certainly tell you, having a customized weapons worth millions, will not allow yo to plough through the enemy in droves. items mean nothing more than their value to the person who has them.

^^^
Akhilleus is a perfect example of what has been reiterated over and over again when it comes to gold and GW. It's all in how you spend.

For some people they may have a few million and still feel broke and always running out of cash. Their million may be gone almost as soon as they reach it.

Others may have no more than 50K to their name and feel richer than most millionaires simply because their spending habits don't require burning thru their wallets.

Being a millionaire is all in the mind, just like in real life. Just watch how some of those hollywood stars burn through their inheritances and always on the verge of bankruptcy while others make millions a year, yet still shop at the local walmart =)


My 2 general rules are - never buy what you can make yourself (or make something as good yourself) & make the money before you buy something (eg. ebay your old stereo before buying yourself a new one)

and hes talking bout averages only...but of course there're good times and bad times..during the bad times, proly no ones interested in your stuff and you find yourself in a tied up situation...but when the good times comes, especially when you found the right buyer for a certain of goods, he'll make your day leaving you with a big smile on your face..

...and oh, gotta agree with that 50k--->mil+ rip off thingy

@the addict, you know who to beg

please twist me arm...anyone?

And by hating on other people who are mos def more leetsauce than you.

i'd be willing to bet; for the amount of time each of us has accumulated in GW, ive done "more" character development wise.
the fact of the matter is the truly wealthy player will have a few traits;
good in-game time management
common sense
economic affluence (knowing at least a modicum of economics)
patience
foresight
a clear-set goal for what to achieve
willingness to achieve that goal

this does not mean thousands upon thousands of hours...
instead of sitting around in marhans grotto humping air with the warrior dance for 3 hours a day...i traded, and while i traded i talked to people, did pcs for god knows how many people on guru, answered questions posed by people, same up with builds, etc etc.
"trading" does not constitute sitting in a channel all day long spamming WTB/WTS over and over doing nothing. it involves scanning the trades, and being able to quickly pick up on items of interest, and read over ones that arent. so, look at it this way, instead of trading cutting into my character development time, it just cut into my "down time" in the game...the time that almost every gamer has where they do more or less nothing. of course i did my fair share of this indipendantly when i didnt feel like trading, but the 2 can be done at once, and the benifit is if you talk to enough people...even random people, and you are polite to them, you rather quickly build up a social network. and im sure there are dozens, if not hundreds of people here who have pmed me in-game before with any question, and tell you that 9/10 times, i'd answer it as politely as possible and to the best of my knowledge. so, 2 weeks later when these same people are looking for something specific, or selling soemthing specific, often they'd come to me first.
even if i had never set foot in LA1; mere social networking would have made a considerable amount of money. this can go for anyone. if you just pay attention to what people are looking for, you dont even have to be a pro trader.

I made my millions selling orange dye to the dye trader

selling amulet of the mists, book of secrets...
and selling those Daggers of Xuekao, back when they were worth ~25k-ish

Look at the spam in the chat for cheap stuff, then start spamming to sell the same item for more than its worth. ie Powertrading.

or

Speculate in Futures.

"The future Conan ?!"

lol no silly :P. You know like rare crafting items that will may increase in price for whatever reasons....like buying 20 stacks of monsterous eyes and then coming to the forums to spread rumours it will be used to craft armour in the next chapter and make millions!

Ops did i just gave a real example???? My bad

actually thats poor ethics in trading and its illegal in real world trading...gotcha!

Enjoyment of the game has gotten in my way a number of times when I could have made millions. I guess that's not a bad thing.

I knew when factions first came out that I could make a ton of many farming amber, but I wanted to actually play the game. The same with NF, I probably could have made a million just farming darksongs, but that's not what I wanted to do in the first week of play.

Heheh yeah I knew what you meant
Conan O'Brien *in the year 2000* just popping on my mind

Yeah couple big guilds are using that kind of method. Montrous items when Factions came and that sort of things. Reminds like a guild wars mafia :]

the rumors spread, more than anything, ebcause people ask the rich traders "so, what should i invest in for the next chapter?"
the traders, may answer truthfully as to their actual opinion, but chances are, they already have hundreds or thousands of the particular material...not because they're unscrupulous bastards (well...partially) but more because they already have the money required to get stack upon stack.
this is why monstrous eyes went up before factions.
i know, i alone, was probably asked several hundred times, mostly by different people.
and every time, i answered truthfully. for one, because i have no objection helping other people get rich, and seccondly, because the pre-release price hike due to hype charges prices up, allowing you to sell some of your stock off, and make the money back you spent buying them all, and reserving the rest for speculation(so you dont lose any money).
it should also be mentioned, that before ch2, i did NOT advise people to invest eevrything in rubies/saphs. i told most people, almost word for word; "invest what you feel safe with, eventually they will have a use, in ch2, or later, but if you cant afford the immidiate loss dont count on them making youa profit."
i only got 3 stacks of rubies/saphs in preperation for ch2 (most LONG b4 they got hyped; for far, far cheaper). and most were sold b4 ch2 even came out.

i got the game when it pretty much came out. i missed out on all the 'good stuff'

i made gold back in the day by farming sf greens.

then i gave up on pve deleted all my pve chars and started pvp.

got r9 and got bak to pve.

i started doing fame farming. on a good day i made 300k on a bad day i did 150k. did this till i made a million. then i said. pve was no fun. so deleted all gold. went on big holiday and now i feel like i need gold when i got none. damn they made hoh 6 man

I could have sworn it happened twice, the first one did not have a roll back.

I remember good old griff farming, ettin runs, troll runs, minatour runs...and that chest that gives you 10k everytime you open it.

OMFG LOL. Do people actually read other people's posts? It is incredible that questions are being asked which have been answered in the thread.

There have been TWO Trader Price resets. One where everyone kept the stuff they purchased. The other one was rolled back and everyone lost everything they purchased.

I farmed White Mantle in the very early days of monk smite farming. I actually used an e/mo though. Because of my early farming, I have never dropped below 200k, even when outfitting 8 PvE characters with new 15k armors and paying 250k for the newest weapon skins. (I don't do that anymore though. I discovered a collectors skin that I like much better, which also allows me to keep my money.)

Oh, and I am one of those people that sell stuff for ridiculously cheap in the Sell forum. I can't stand playing merchant. More power to the power traders, but in general, if you see one of my sell threads, 9/10 there's gonna be something worth reselling for at least 2x the b/o I have set.

Hmm.. Was there ever a server rollback?

akhilleus, for the future power trades our there, mind giving tips on where to sell items? do you think in game, auctions or forums are the best option?

Ok, the deal with the server rollback was this.

A network card went bad in one of the machines. It was reporting acknowledgements from the DB server (specifically, acknowledging decrementing inventory of materials as they were sold) that were actually not there. As a result, no matter how many materials were sold, the "worldwide" inventory never went down, in fact it kept going up as people sold materials to the traders. Since the price of materials is based on availability (supply and demand, anybody?) the trader price kept going down until it reached the minimum price.

Lots of people bought lots of rare materials/runes for almost nothing. Bags full of superior vigors. 250 stacks of ecto.

Once Anet figured out what was going on, they determined that the damage to the game economy was severe enough to warrant a server rollback. So they shut down the servers and rolled back three to four hours.

power traders that have been around for a while usually have a clientele list. so for the most part, they dont spam anywhere, they simply pm people that they sell to with their wares.

unfortunately for me, ive noticed that most of the "high rollers" that i sell to seem to be leaving gw for w/e reasons.

if youre starting out, id recommend spamming anywhere there are more then like 4-5 districts until u solidify some relationships with buyers and what not.

gl

So most people that got stacks of ecto and all that got it by this cheap trick?


/justlostallmyrespectthatrequiresnoskill

No. They rolled the servers back that time. One prior time, they didn't roll the servers back, but the scale was much smaller. Only a "few" got wealthy from that price reset.

Power trading now is rubbish. All the uber rare items e.g. 15% ffs, unconiditional, hod etc have been snapped up or nerfed so it kinda sucks. Long gone are the days of picking up 250 ecto + items for under a million. Prices have fell tons aswell =( Before even really imperfect items were worth something so you standed a better chance of finding bargains but now alot of imperfect items arnt worth nothing.

No, LOL, it is still easy to make stacks of ecto....

share I hate being pooor

I hack Papi and Dirrty.