For the ppl with millions in gold..where does your money originally come from?
I know that money is usually gained from farming ectos or rare items..but where does THAT money come from?
is it just money filtering from the little gains- adding up?
or is it money received from NPC's?
Where does the money come from?
carbolater
BLOODGOAT
Power trading.
/thread
/thread
Nightmares Hammer
Quote:
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Originally Posted by BLOODGOAT
Power trading.
/thread |
12 chars.
carbolater
what is power trading?
I Might Avenge U
Search Ftw?
Generally: Farming/Power Trading/Running/Random Exploits
EDIT:
Oh god.. I actually have to answer a question..
First, lemme mention (again..) Search FTW
Power Trading - [Pwˆer Traëdíng] :
1) The use of exploiting another's in game knowledge of valuable items, by spamming the phrase "WTB GOLDS! PM!" in areas such as Kamadan District 1, or Lion's Arch District 1.
Generally: Farming/Power Trading/Running/Random Exploits
EDIT:
Quote:
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Originally Posted by Carbolater [Wtf?
] what is power trading?
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First, lemme mention (again..) Search FTW
Power Trading - [Pwˆer Traëdíng] :
1) The use of exploiting another's in game knowledge of valuable items, by spamming the phrase "WTB GOLDS! PM!" in areas such as Kamadan District 1, or Lion's Arch District 1.
Kumu Honua
Well, like all MMO's. It starts with everyone being poor, and killing the "A Giant Rat" and selling the pelt. Then after a while they keep moving up the chain and getting more and more currency just by killing monsters to where they start to buy "Rare" items to hoard/sell to other rich players.
Generally, all the gold in the game has come from quest rewards, vanquishing, coin drops, and merching. Trading only redistributes the wealth. (There's more sources of gold than just that, but I don't know them all).
Generally, all the gold in the game has come from quest rewards, vanquishing, coin drops, and merching. Trading only redistributes the wealth. (There's more sources of gold than just that, but I don't know them all).
carbolater
o ok thnx 
Master Sword Keeper
Super Farming. i.e maximum of 5hrs per run, equivilent 10-12 golds, rare items, greens (depending on Area), Rare materials.
plenty of options. FoW clears, UW clears, CoF runs..
Bus service, Taxi'ing services...List goesss on.
you name it, people can get money for almost any service.
plenty of options. FoW clears, UW clears, CoF runs..
Bus service, Taxi'ing services...List goesss on.
you name it, people can get money for almost any service.
cosyfiep
buy low---sell high. how people everywhere make money.
Siirius Black
and even some get gold "Dancing for money"
+1
+1
DarkFlame
Solo 55 farming in UW/FoW. B/P runs into pve Tombs. 6 man runs in the Deep. All from the pre-nerf, pre-loot scaling days.
Kumu Honua
People keep saying "Trading" or other similar things, but the OP was asking where gold actually comes from.
If you buy low and sell high, you did not add any gold to the economy. You only redistributed it.
Gold enters the economy by the monster drops, quest rewards and merchants buying things. When you trade someone it's a net zero transaction. He gains X gold, but you lose Y gold. No gold was created.
If you buy low and sell high, you did not add any gold to the economy. You only redistributed it.
Gold enters the economy by the monster drops, quest rewards and merchants buying things. When you trade someone it's a net zero transaction. He gains X gold, but you lose Y gold. No gold was created.
I Might Avenge U
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Originally Posted by Kumu Honua
People keep saying "Trading" or other similar things, but the OP was asking where gold actually comes from.
If you buy low and sell high, you did not add any gold to the economy. You only redistributed it. Gold enters the economy by the monster drops, quest rewards and merchants buying things. When you trade someone it's a net zero transaction. He gains X gold, but you lose Y gold. No gold was created. |
+1
Kumu Honua
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Originally Posted by I Might Avenge U
I think you read the original post incorrectly mate..
+1 |
Quote:
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Originally Posted by carbolater
I know that money is usually gained from farming ectos or rare items..but where does THAT money come from?
is it just money filtering from the little gains- adding up? or is it money received from NPC's? |
The answer is that money comes from thousands of dead monsters, quest rewards, and stuff being sold to merchants.
The many players that killed lots of critters, sold the drops to merchants, picked up the gold coins and collected the quest rewards.
Farming rare items doesn't create gold (Unless sold to a merchant), it only redistributes the gold that was created by others doing the actions that actually create gold.
I Might Avenge U
Quote:
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Originally Posted by Kuma something or other..
He said that money is usually gained by farming ecto's and rare items but where does THAT money come from.
The answer is that money comes from thousands of dead monsters, quest rewards, and stuff being sold to merchants. The many players that killed lots of critters, sold the drops to merchants, picked up the gold coins and collected the quest rewards. Farming rare items doesn't create gold (Unless sold to a merchant), it only redistributes the gold that was created by others doing the actions that actually create gold. |
Ehh, I'm generally ignorant and doing HW at the same time.. You can't blame me for reading it wrong!.. O.o
T-Superfly
cool its like playing the stock market! except most things go down in price over time.(ectos, rare skins, greens, etc.)
The rich ppl i know get money from just playing the game...A LOT.
The rich ppl i know get money from just playing the game...A LOT.
Marty Silverblade
Also, I know it's a long long time ago, but in 2005 (I think) the merchants reset and people were able to buy sup vigs/absorbtion runes for 250 gold. Anet decided not to reset the servers and let them all cash it in and gain millions instantly.
Other than that, just farm to bring money into the economy, and power trade to boost your personal cash.
Other than that, just farm to bring money into the economy, and power trade to boost your personal cash.
angmar_nite
Quote:
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Originally Posted by T-Superfly
cool its like playing the stock market! except most things go down in price over time.(ectos, rare skins, greens, etc.)
The rich ppl i know get money from just playing the game...A LOT. |
Div
Beating bad guilds in GvG.
Carinae
Or, god forbid, playing the game. I made good money Vanquishing.
Iuris
Quote:
| how rich are they? A few mill is pocket change. |
Ah, found it:
http://www.guildwars.com/events/pres...e-friday61.php
Quote:
| At ArenaNet we play the game just like you do, so we know that for most of you, gold is a precious commodity that you work hard to attain. In fact, our statistics show that 50% of all active accounts have fewer than 10 platinum pieces, and 75% of all active accounts have fewer than 20 platinum pieces. So when we make small tweaks here and there to keep the economy under control, please understand that we’re not trying to make the game harder for the average player. |
Dark Kal
Quote:
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Originally Posted by Marty Silverblade
Also, I know it's a long long time ago, but in 2005 (I think) the merchants reset and people were able to buy sup vigs/absorbtion runes for 250 gold. Anet decided not to reset the servers and let them all cash it in and gain millions instantly.
Other than that, just farm to bring money into the economy, and power trade to boost your personal cash. |
angmar_nite
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Originally Posted by Iuris
Really? I remember reading some Anet interview where they said the vast majority of players have less than 10k gold in storage.
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Malice Black
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Originally Posted by angmar_nite
Im comparing them to the thousand or so truly rich. Those that power trade minis.
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The true rich people have been playing since the start, the people that pop out the woodwork with stacks of ecto/braces...well we know wwhere they got those don't we.
Power trading is virtually dead now. It can be near impossible to sell perfectly good req9 items at times. Anyone who has cash, has what they want already.
Prices will continue to drop so the mid to poor people can afford the l33t stuff too.
If you don't have xx millions already, good chance is you never will. Welcome to the game for scrubs, and lazy people.
There is a few exceptions to the above (see Witchblade with the mini-polar bear), but for many they'll never have much money.
This isn't to say money can't be made. With effort/time you can pocket a few mill, but be under no illusions of easy money.
You can pocket up to 5k (not including drops) by vanquishing. Pick up ALL your drops, salvage what you might need for further armours, then ID (important, as IDing adds value), then sell to merchant.
Don't waste money (see mini pets, people with multiple armor sets etc). Don't buy keys or lockpicks. These are money sinks. If you want something, it generally works out cheaper to just go buy it.
Rexion
Their money comes from trees...
the trees come from seeds...
the seeds come from other money trees...
and rinse and repeat...
power trading and/or no life. simple enough
the trees come from seeds...
the seeds come from other money trees...
and rinse and repeat...
power trading and/or no life. simple enough
S_Serpent
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Originally Posted by Dark Kal
No, it was the one time A-net actually turned back GW time. All people got the inventory they had an hour earlier before the bug was introduced hence no one was able to cash in.
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So if you where online the first time you could buy ecto's for a few hundred g's. To bad I was just starting out then and didn't have more money to spend. So I only was able to profit a very tiny bit from it. But no roll back happened for this first screw up.
Second time, way later in gw history, it happened they did a rollback.
Again was there but now with lots more money to spend but now the rollback hit, for best actually! The damage could have easily destroyed gw.
Quaker
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Originally Posted by Carinae Dragonblood
Or, god forbid, playing the game. I made good money Vanquishing.
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Originally Posted by Malice Black
Don't waste money (see mini pets, people with multiple armor sets etc). Don't buy keys or lockpicks. These are money sinks. If you want something, it generally works out cheaper to just go buy it.
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2. A lot of people open a few chests and get a bunch of crap stuff and think lockpicks/keys are a waste of money. Yes, you get a lot of crap, but in the long run you can make a lot of gold. But, then again, the fewer people who use lockpicks, the fewer good items there are available, and the more they're worth.
(Edit - once you get far enough into the game, it's more profitable to only use lockpicks in Hard Mode, dungeons, or other elite areas. Admittedly, the ratio of crap to good is a bit high in the earlier areas.)3. If you want something, it's generally more enjoyable to play the game, make money, and buy it, rather than farm for it.
the_jos
In the end, every piece of gold is introduced in the game by drops.
So it's the result of poor helpless creatures killed over and over again by greedy players. Or creatures that were just foolish enough to attack the ones that would not have killed them if those creatures were not hostile to them.
Now how did that gold end up with the true rich players?
1. I have done what you have not (farmed for ages, been somewhere at the right moment, played xxxx hours)
2. I can do what you can't (running, farming, other services)
3. I have what you don't have.
In the end, Nr 3 is the most profitable.
The reason is simple. Nr 1 is either reproducable for all (given time) or in the event of a 'bug' never reproducable.
Nr 2 offers more gain but is less stable (Droks runners replaced by Dervish and also lower prices, carto services replaced by Texmod).
The only problem with Nr 3 is that there is not much stuff left that is really rare. The true rare items don't drop anymore or too infrequent to base a business on. The rest is still valuable but nowhere near the 'old' prices.
If you want to be in the top 100 of rich people, pray for a very lucky drop.
If you want to make better money than most other players, find a need for a unique/very difficult service in the game and do that. If not, just have fun and play for hours making some gold (and not spending) knowing you will never be the ulitmate rich person unless very lucky.
So it's the result of poor helpless creatures killed over and over again by greedy players. Or creatures that were just foolish enough to attack the ones that would not have killed them if those creatures were not hostile to them.
Now how did that gold end up with the true rich players?
1. I have done what you have not (farmed for ages, been somewhere at the right moment, played xxxx hours)
2. I can do what you can't (running, farming, other services)
3. I have what you don't have.
In the end, Nr 3 is the most profitable.
The reason is simple. Nr 1 is either reproducable for all (given time) or in the event of a 'bug' never reproducable.
Nr 2 offers more gain but is less stable (Droks runners replaced by Dervish and also lower prices, carto services replaced by Texmod).
The only problem with Nr 3 is that there is not much stuff left that is really rare. The true rare items don't drop anymore or too infrequent to base a business on. The rest is still valuable but nowhere near the 'old' prices.
If you want to be in the top 100 of rich people, pray for a very lucky drop.
If you want to make better money than most other players, find a need for a unique/very difficult service in the game and do that. If not, just have fun and play for hours making some gold (and not spending) knowing you will never be the ulitmate rich person unless very lucky.
Malice Black
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Originally Posted by Quaker
1. If you're not going to spend your money on mini-pets, multiple armor sets, etc., - what are you going to spend it on? You really can't "take it with you" and it's only "play money" - what would you save it for?
2. A lot of people open a few chests and get a bunch of crap stuff and think lockpicks/keys are a waste of money. Yes, you get a lot of crap, but in the long run you can make a lot of gold. But, then again, the fewer people who use lockpicks, the fewer good items there are available, and the more they're worth. (Edit - once you get far enough into the game, it's more profitable to only use lockpicks in Hard Mode, dungeons, or other elite areas. Admittedly, the ratio of crap to good is a bit high in the earlier areas.)3. If you want something, it's generally more enjoyable to play the game, make money, and buy it, rather than farm for it. |
Dark Kal
Quote:
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Originally Posted by S_Serpent
Sorry mate but seems you missed the first one that a.net never rolled back!
So if you where online the first time you could buy ecto's for a few hundred g's. To bad I was just starting out then and didn't have more money to spend. So I only was able to profit a very tiny bit from it. But no roll back happened for this first screw up. Second time, way later in gw history, it happened they did a rollback. Again was there but now with lots more money to spend but now the rollback hit, for best actually! The damage could have easily destroyed gw. |