so at the moment i have bout 250k or so and was wandering a few things about power trading.
1. what are some things i should look to invest in.
2. is it better money power trading with the amount i have right now or would small farming like doa or feather farming be better.
3. if 250k is not enough what is a good target to start power trading at
EDIT: might add a few more questions in here soon
some questions on power trading
its bad to sin
Jinkies
DoA farming is btter until you have a sizeable amount to work with, I'd say 750-1250e at least.
Truth is you can powertrade with even 100k, but the more ecto you have to trade with the easier it becomes for several reasons.
1) You can buy more items to work it, less money = you don't always have the money to buy an item if you see a good deal.
2) Higher priced items means bigger profit pull, you can make say 10-40e per item, instead of competing for 5-10k
3) The demand for higher priced items is higher than cheap items, everybody wants an Oni, nobody wants an elementalst sword.
TBH it's not even hard to make 750e, 2 days of dungeon running, or a few days of DoA and you are there
Also, everyone says there are certain items better to invest in than others, I would say avoid B Day minipets but other than that everything is fair game, if you limit what you powertrade you are limiting profit you can make.
People who trade everything will make more profit than people who only invest in very popular/high demand items
Truth is you can powertrade with even 100k, but the more ecto you have to trade with the easier it becomes for several reasons.
1) You can buy more items to work it, less money = you don't always have the money to buy an item if you see a good deal.
2) Higher priced items means bigger profit pull, you can make say 10-40e per item, instead of competing for 5-10k
3) The demand for higher priced items is higher than cheap items, everybody wants an Oni, nobody wants an elementalst sword.
TBH it's not even hard to make 750e, 2 days of dungeon running, or a few days of DoA and you are there
Also, everyone says there are certain items better to invest in than others, I would say avoid B Day minipets but other than that everything is fair game, if you limit what you powertrade you are limiting profit you can make.
People who trade everything will make more profit than people who only invest in very popular/high demand items
its bad to sin
yes the only minis i was looking at was like kunnas and mallyx and what not untill i get higher amounts.
from seeing yout mini pet thread i can tell u might have done a little power trading over the years
thank you for the help
from seeing yout mini pet thread i can tell u might have done a little power trading over the years
thank you for the help
Zahr Dalsk
Wait, people are doing DoA again? Tell me more.
Daeheru
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Originally Posted by Zahr Dalsk
Wait, people are doing DoA again? Tell me more.
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Jinkies
DoA runs have always been popular in German districts, and if you are in an active guild it's common to have several runs a day. If you aren't well I guess you are out of luck because pugs fail at DoA
Eragon Selene
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Originally Posted by its bad to sin
yes the only minis i was looking at was like kunnas and mallyx and what not untill i get higher amounts.
from seeing yout mini pet thread i can tell u might have done a little power trading over the years thank you for the help |
Although Kuunas did spike before and are back down to 55-60e it make take time for them to get to 100e again.
I made the bulk of my ecto investing into rare minis and sitting on them. Over time you make more then buying a mini naga for 1100e and selling it 2 days later (or even hours) for 1150. I can make 50e in a night running dungens.
My 1st big buy/trade was almost my bigged mistake. I bought a mini Zed @ 500e and then sold him for 600e a month later. I got scared will all the people trying to unload them, though Anet might release more, and sold mine. Today hes 3000e+.
Unless you need your money, buy a rare mini and sit on it. I bought mini Yetti 200e and Naga 250e, sat on them for 6 months and sold them for 1300 for the set. Took 800e of that and bought a Oni, could get 1600e easly for him and will only go UP in vallue. All of this started with the ecto I made in DoA from arms.
To buy and trade weapons I recommend sticking to Q8 non inscribables, Eternals, BDS, Obi blades but I have found more times then not weapons go down in value over time. EXCEPT for Q8's or old school weapons. But unless you are on your game with the pricing its easy to over pay.
my 2 cents
its bad to sin
ty every1 for your help. yea i wanted to stay away from wepons for the most part and stick with high end minis what are some good low end to start with maybe like
500e or lower
yea right now im doing some 3 many foudnary with my cuzin for some money
500e or lower
yea right now im doing some 3 many foudnary with my cuzin for some money
Martin Alvito
Above poster is a classic example of fallacious reasoning. Future performance does not always equal past performance. Rare minis probably will continue to increase in value in the long term, but the current run up in prices is probably about done for a while. Prices in these markets tend to plateau, then spike when external factors (dupe, easy ectos) make hardcore farmers broadly richer than they were previously. We should hit a plateau again fairly soon.
Further, there's an opportunity cost of just sitting on your resources. The larger your pool of resources, the more you can skim in values working that pool of resources. Spending 250 ecto and sitting on it for 6 months to gain 400 ecto is dumb if you could have made 50 trades skimming ten ecto per iteration during that six month period.
Your best bet with a small pool of resources is to start putting that money to work, but not act like a power trader. Spend a few minutes in High End daily looking for deals and snatch them up when you can afford them. Relist and sell those items at a profit. Spend the remainder of your GW time farming until you have that 4-6 stacks of ecto to work with.
You can sell minimally in Kamadan AD1 (jump in, spam two or three times, leave and go play the game some more), but if you're hunting for deals you pretty much have take up residence. Good purchase deals don't last more than a few seconds in-game; they tend to last a bit longer on the forums.
Jinkies is off on the amount of time it will take you to make money, A stack of ecto is +/- 1.3 million gold. At a very efficient 100k per hour, it'll take you 13 hours to make a stack of ecto. Unless you plan to forego RL and sleep, it'll be on the order of weeks rather than days to crank out that much capital.
Further, there's an opportunity cost of just sitting on your resources. The larger your pool of resources, the more you can skim in values working that pool of resources. Spending 250 ecto and sitting on it for 6 months to gain 400 ecto is dumb if you could have made 50 trades skimming ten ecto per iteration during that six month period.
Your best bet with a small pool of resources is to start putting that money to work, but not act like a power trader. Spend a few minutes in High End daily looking for deals and snatch them up when you can afford them. Relist and sell those items at a profit. Spend the remainder of your GW time farming until you have that 4-6 stacks of ecto to work with.
You can sell minimally in Kamadan AD1 (jump in, spam two or three times, leave and go play the game some more), but if you're hunting for deals you pretty much have take up residence. Good purchase deals don't last more than a few seconds in-game; they tend to last a bit longer on the forums.
Jinkies is off on the amount of time it will take you to make money, A stack of ecto is +/- 1.3 million gold. At a very efficient 100k per hour, it'll take you 13 hours to make a stack of ecto. Unless you plan to forego RL and sleep, it'll be on the order of weeks rather than days to crank out that much capital.
Zahr Dalsk
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Originally Posted by Jinkies
German districts
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Jinkies
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Originally Posted by Martin Alvito
You can sell minimally in Kamadan AD1 (jump in, spam two or three times, leave and go play the game some more), but if you're hunting for deals you pretty much have take up residence. Good purchase deals don't last more than a few seconds in-game; they tend to last a bit longer on the forums.
Jinkies is off on the amount of time it will take you to make money, A stack of ecto is +/- 1.3 million gold. At a very efficient 100k per hour, it'll take you 13 hours to make a stack of ecto. Unless you plan to forego RL and sleep, it'll be on the order of weeks rather than days to crank out that much capital. |
Also, 13 hours a day may seem like alot but many dedicated runners play at least that much per day on weekends. Not only that but your profit varies by dungeon you run.
Obviously you won't become a millionaire fast from running CoF, but runs such as Duncan, which go relatively fast and cost upwards of 25k per person can provide a steady income exceeding 350k per hour.
KageNoShi
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Originally Posted by Jinkies
Obviously you won't become a millionaire fast from running CoF, but runs such as Duncan, which go relatively fast and cost upwards of 25k per person can provide a steady income exceeding 350k per hour.
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Martin Alvito
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Originally Posted by Jinkies
I would actually say you are better off trading in Kamadan District 2, or Lion's Arch district 1. Most people in D1 Kamadan are looking for "serious" buyers, players in other districts, or less busy towns are, in my history, more likely to offer better prices.
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Please note that the way you do this is pop in for a few seconds to spam and then do another farming/dungeon run. You can afford to be very patient that way. Then just suck it up and suffer some boredom when it's time to reload inventory.
Quote:
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Originally Posted by Jinkies
Also, 13 hours a day may seem like alot but many dedicated runners play at least that much per day on weekends. Not only that but your profit varies by dungeon you run.
Obviously you won't become a millionaire fast from running CoF, but runs such as Duncan, which go relatively fast and cost upwards of 25k per person can provide a steady income exceeding 350k per hour. |
Ex: About a year and a half ago, I'd run Sepulchre HM at 10k/pop because I could dual client it in 10-11 minutes and pocket everything. However, it took 5-10 minutes to reload the bus (despite referrals) and another 90 seconds to get there. When all was said and done, you were looking at around 130-180k/hr. Obviously, that rate isn't sustainable now because of lack of demand.
So sure, if everything went perfectly (everyone pays on time, you never make a mistake, and you already have six waiting when you go back to town), you could knock that out twice an hour and pocket 360k at 30k per. But is that realistic?
Gift3d
you can power trade with any amount really. say if you start with 100k you can maybe make 5-10k at a time. if you go with a few hundred ectos you can make a lot more per trade.
the more you use to trade with the more you'll make out if it, generally.
the more you use to trade with the more you'll make out if it, generally.
prey monkie
1. Powertrade lessons from Jinkies 
cool^^
2. DoA is alive? its like Urgoz xD u have to b in a DoA guild + get some good tanks( without good recall and sliver tanks its a fukking pain + fail)
3. i defintly agree on the fact that people in spamadan ae1 are lowballers but i still make money there. for low end items i sometimes go to kaining center. people have no idea what they are buying and how much its worth
4. party points drunkard sweet points is always easy money. u can sell party points in stacks easy for 250g a point. while people sometimes sell for 150g or 200g. same with drunkard i sold 3 min alcohol in stacks for 425g each no problem while i bought them for 250g(event tho) now it would b like 300g) with party points etc u can ask more for stacks
5. see yah in kamadan ae1 xD
cool^^2. DoA is alive? its like Urgoz xD u have to b in a DoA guild + get some good tanks( without good recall and sliver tanks its a fukking pain + fail)
3. i defintly agree on the fact that people in spamadan ae1 are lowballers but i still make money there. for low end items i sometimes go to kaining center. people have no idea what they are buying and how much its worth
4. party points drunkard sweet points is always easy money. u can sell party points in stacks easy for 250g a point. while people sometimes sell for 150g or 200g. same with drunkard i sold 3 min alcohol in stacks for 425g each no problem while i bought them for 250g(event tho) now it would b like 300g) with party points etc u can ask more for stacks
5. see yah in kamadan ae1 xD
Lifestyle
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Originally Posted by prey monkie
3. i defintly agree on the fact that people in spamadan ae1 are lowballers but i still make money there. for low end items i sometimes go to kaining center. people have no idea what they are buying and how much its worth
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Marzipan Marci
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Originally Posted by Jinkies
I would actually say you are better off trading in Kamadan District 2, or Lion's Arch district 1. Most people in D1 Kamadan are looking for "serious" buyers, players in other districts, or less busy towns are, in my history, more likely to offer better prices.
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joshuarodger
to be honest, the best/easiest to get rich is to buy items that can be traded for party points and alcohol at halloween and wintersday. about a month before this last halloween i started buying decayed orr emblems. i bought about 225 stacks of them for anywhere between 9k and 15k per stack. i then traded 3 emblems for 1 party point when the halloween collectors arrived. even if i had bought them all at 15k per stack this comes to 180g/point. i then sold those points for 250gold per point just by placing a thread in high end, 2 days later they were gone and i had made about 2 million profit. this was my first big investment and it really paid off for me 
Eragon Selene
Quote:
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Originally Posted by Martin Alvito
Above poster is a classic example of fallacious reasoning. Future performance does not always equal past performance. Rare minis probably will continue to increase in value in the long term, but the current run up in prices is probably about done for a while. Prices in these markets tend to plateau, then spike when external factors (dupe, easy ectos) make hardcore farmers broadly richer than they were previously. We should hit a plateau again fairly soon.
Further, there's an opportunity cost of just sitting on your resources. The larger your pool of resources, the more you can skim in values working that pool of resources. Spending 250 ecto and sitting on it for 6 months to gain 400 ecto is dumb if you could have made 50 trades skimming ten ecto per iteration during that six month period. |
I bought a mini Oni 2 months ago for 805 ecto. I saw the "need" for these was low at the time and they had sold for 1000e only a week before. I had an offer for it yesterday of 1600e. Thats 795e proffit. Do that making smaller trades proffiting 5-10e each. Keep in mind your not always going to make money in a trade. The more you make the greater the risk of lozing money as well.
If you have 500e to work with min grawls are rare enough to invest in. They go for 250-280e right now. I would advise waiting until closer to the wintersday event. People tend to sell stuff CHEAP during those events because they need money for event items. Also if you ave up you might be able to pick up a mini polar bear when someone gets one. Those tend to sell cheaper during or around the event and go up over the year.
AlsPals
This late in the games life, sitting on minis seems fruitless. I dunno, guess some people still love powertrading enough to care.
Martin Alvito
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Originally Posted by Eragon Selene
I bought a mini Oni 2 months ago for 805 ecto. I saw the "need" for these was low at the time and they had sold for 1000e only a week before. I had an offer for it yesterday of 1600e. Thats 795e proffit.
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I can regale you with stories of buying 1000e items and instantly reselling them for 1500e+, or buying 10k items and instantly reselling them for over 100k. Proves nothing about whether trading > buy and hold.
The real question is which method makes the most money over time. Under almost all circumstances, you're better off putting your money to work than sitting on things. You can't take advantage of those 1000e -> 1500e moments if all of your assets are tied up already. Also, the fact that your mini Oni just doubled in value should alert you that sitting on minis probably isn't a real hot idea right now. The price of that Oni won't double again in the next two months.
its bad to sin
so im going to look into power trading party/sweet points untill i get some more money. which do you think that i would make more money on?
snowman relic
im thinking on buying decayed orr emblems for 12k (116 stacks) but im pretty sure party points are only 150g per point so wont i be losing mony?
**EDIT**
i did some math and its telling me ill only make about 49k (more then what i started with) is that accurate or am i off?
**EDIT**
i did some math and its telling me ill only make about 49k (more then what i started with) is that accurate or am i off?
Strife17
116 stacks x 12k = 1392k
party points = 200gp each~
116 stacks= 116x250= 29 000 orr emblems
Takes 3 orr emblems for 1 party point: 29 000 / 3 = 9666,67 ~9666 party points
9666 x 200 = 1933k gold
so you would make about 550k
which is sickass lame, considering the time you would need to buy the 116 stacks lol
party points = 200gp each~
116 stacks= 116x250= 29 000 orr emblems
Takes 3 orr emblems for 1 party point: 29 000 / 3 = 9666,67 ~9666 party points
9666 x 200 = 1933k gold
so you would make about 550k
which is sickass lame, considering the time you would need to buy the 116 stacks lol
snowman relic
lol id just be glad to be making mony again ive been ina slump fora little while being to lazy to farm again + i have a couple accounts i can set up at different placed to spam buying
imnotyourmother
ah, grind wars continues.
ok I am going to add my 2 cents. I know that my 2 cents is not a lot to power trade on but I'll give it a shot.
Facts:
1) The game is in the twilight of its fame.
2) No more games or expansions until GW2 now reported for late 2010 or 2011.
3) Most people will be trying very hard to fill their halls BEFORE GW2 hits
4) Speculation will run ramped when the beta comes out
5) You will not be able to transfer wealth from GW1 - GW2 unless the chest is added in the HoM
6) You will be stuck with tones of ectos cause everyone will be in GW2 - well I will be there and at that point not caring about who has stacks of ectos.
ok I am going to add my 2 cents. I know that my 2 cents is not a lot to power trade on but I'll give it a shot.
Facts:
1) The game is in the twilight of its fame.
2) No more games or expansions until GW2 now reported for late 2010 or 2011.
3) Most people will be trying very hard to fill their halls BEFORE GW2 hits
4) Speculation will run ramped when the beta comes out
5) You will not be able to transfer wealth from GW1 - GW2 unless the chest is added in the HoM
6) You will be stuck with tones of ectos cause everyone will be in GW2 - well I will be there and at that point not caring about who has stacks of ectos.
its bad to sin
this thread can be closed i started with 250k i now have a 4 armbraces and about 200k so thank your every1 for your help =]
packe
How do you run duncan? There's any guides on youtube?
Snow Bunny
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Originally Posted by Jinkies
Also, 13 hours a day may seem like alot but many dedicated runners play at least that much per day on weekends. Not only that but your profit varies by dungeon you run.
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13 hours/day may seem like a lot?
No, it doesn't seem like a lot, it's bloody way too much.
Night Life
with duncan being such a good money making run there not making vids cuz as soon as u make vids the price drops ALOT