Recently I thought I would start trying to get into the power trading SCENE but I have a few questions on the current High-End minis market.
As most of the people selling/buying the high-end minis are power traders, than how are people making money from this. Do you buy the pets at the current price, then wait several months and sell once the pets have increased in price? Or do you try to find that person who really wants to sell/the noob who happens to have a rare mini, and just ignore the people asking for the b/os they see in the high-end trade (even if noone actually bids at that price)
Thanks for your input and I'm sorry if any of this has been talked to death already but the search function did not come up with the information I was seeking, and most was out of date anyway.
Powertrading High-End Minis: The Waiting Game?
Ewon
Malice Black
Mostly they're used as a form of currency.
A Oni at 1750e only takes one storage space, where as you'd need 7 slots for the ecto.
A Oni at 1750e only takes one storage space, where as you'd need 7 slots for the ecto.
Yasmine
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Originally Posted by Malice Black
Mostly they're used as a form of currency.
A Oni at 1750e only takes one storage space, where as you'd need 7 slots for the ecto. |
Ewon
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Originally Posted by Malice Black
Mostly they're used as a form of currency.
A Oni at 1750e only takes one storage space, where as you'd need 7 slots for the ecto. |
(I know these minis might not fit the high-end minis category)
Jinkies
GW is about showing off.
From your armor, to your cape trim, to your titles and weapons, to your minis.
High end minis are some of the most profound ways to show off, which is why they are popular. In the end an Unded Oni can be shown off, and increases in rarity. 7 Stacks of ectos, or some armbraces just don't have that same effect.
From your armor, to your cape trim, to your titles and weapons, to your minis.
High end minis are some of the most profound ways to show off, which is why they are popular. In the end an Unded Oni can be shown off, and increases in rarity. 7 Stacks of ectos, or some armbraces just don't have that same effect.
Stop The Storm
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Originally Posted by Ewon
Recently I thought I would start trying to get into the power trading seen but I have a few questions on the current High-End minis market.
As most of the people selling/buying the high-end minis are power traders, than how are people making money from this. Do you buy the pets at the current price, then wait several months and sell once the pets have increased in price? Or do you try to find that person who really wants to sell/the noob who happens to have a rare mini, and just ignore the people asking for the b/os they see in the high-end trade (even if noone actually bids at that price) Thanks for your input and I'm sorry if any of this has been talked to death already but the search function did not come up with the information I was seeking, and most was out of date anyway. |
Sell on guru.
you will never find bargains on guru as everyone bids upto the current market value. everyone knows the current prices of things. but most peop[le on game dont use guru, so you may come across a really good deal, you just need to know the prices of things so you dont overpay and potentially lose money
Zehnchu
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Originally Posted by Yasmine
Uhm, I don't understand: wouldn't a stack of armbraces take less space then 6 oni while being worth more? Or are you referring to more expensive minis?
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Fates
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drunk n angry
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Originally Posted by Fates
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and basicly if you are starting out in power trading you need to be good at b.s.'ing people into thinking that your item is worth more then the fair market value. thus being a scammer in my eyes, there are better ways to make money from ACTUALLY PLAYING THE GAME. so please learn some highend farm builds join a good guild that runs the areas regularly.
that is the best advice i got for you buddy, but if you dont take it then seriously goodluck to your endeavors.
Cale Roughstar
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Originally Posted by drunk n angry
and basicly if you are starting out in power trading you need to be good at b.s.'ing people into thinking that your item is worth more then the fair market value. thus being a scammer in my eyes, there are better ways to make money from ACTUALLY PLAYING THE GAME. so please learn some highend farm builds join a good guild that runs the areas regularly.
that is the best advice i got for you buddy, but if you dont take it then seriously goodluck to your endeavors. |
Short of getting the greatest drops ever, all day every day, power trading is probably the fastest way to make money in the game.
When trading high end minis, or any high end item for that matter, the goal is to find someone who either a) does not really know what it is worth, or b) someone who wants to unload it quickly. Then you find someone who is willing to market value for it, or if you are super lucky, someone who overpays.
You can buy stuff on prospect and hope it goes up, but you can make more money continually buying and selling than sinking a few hundred/thousand ectos into a mini and then having it sit there. Make your money work!
Curo
It's the One Red Paperclip effect ^^
Coolpb
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Originally Posted by Stop The Storm
Buy in game.
Sell on guru. you will never find bargains on guru as everyone bids upto the current market value. everyone knows the current prices of things. but most peop[le on game dont use guru, so you may come across a really good deal, you just need to know the prices of things so you dont overpay and potentially lose money |
This may work for Cheap things like VS or Obby Edges, but not for an Island Guardian, Vizu, or Oni.
Fanita
It's all about buying in game, and selling on guru. This is how power trading works:
EVERY item in the game has a value, but no one set value. For example, item A might be worth 10-15k. it's not a set price, but range, because you can get the item for either price or anywhere in between depending on where you are and who you go to. As you get to rarer and more expensive items, the range of value increases. So if you have item B worth say 120-140e, you can buy it at 120e, and sell it at 140e. Now, because you're dealing in expensive merchandise, you've increased your profits from the 5k you made power trading item A, to 20e power trading item B. You can only imagine what the price range is on ectos worth thousands of ectos, but know that the range is in the hundreds and even thousands of ectos the higher up you go. When you have enough money to deal in those items, it's literally like taking candy from a baby. It's not even about buying something for less than it's really worth, it's just about buying it at the lowest price of its price range, then selling at the highest price of its price range.
EVERY item in the game has a value, but no one set value. For example, item A might be worth 10-15k. it's not a set price, but range, because you can get the item for either price or anywhere in between depending on where you are and who you go to. As you get to rarer and more expensive items, the range of value increases. So if you have item B worth say 120-140e, you can buy it at 120e, and sell it at 140e. Now, because you're dealing in expensive merchandise, you've increased your profits from the 5k you made power trading item A, to 20e power trading item B. You can only imagine what the price range is on ectos worth thousands of ectos, but know that the range is in the hundreds and even thousands of ectos the higher up you go. When you have enough money to deal in those items, it's literally like taking candy from a baby. It's not even about buying something for less than it's really worth, it's just about buying it at the lowest price of its price range, then selling at the highest price of its price range.
The Arching Healer
Not worth the time. Why would you spend one hour to make maybe 50 ecto's? Thats like a silly €10,- an hour. A real job pays more and is often less boring than powertrading. And often you won't get those 50 ecto's an hour but like 10 or maybe 20.
Ewon
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Originally Posted by The Arching Healer
Not worth the time. Why would you spend one hour to make maybe 50 ecto's? Thats like a silly €10,- an hour. A real job pays more and is often less boring than powertrading. And often you won't get those 50 ecto's an hour but like 10 or maybe 20.
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So, is life as a power trader sitting in ad1 kama with a notepad jotting down prices?
Thank you all for you input btw, been great ^^
isildorbiafra
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Originally Posted by Coolpb
You will never see someone selling an Oni in game. And if they are wouldn't you think tehy've already checked Guru for 'the most current price'?
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The Arching Healer
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Originally Posted by Ewon
I do see why your are comparing power trading to having a job... Unless you are saying to buy your gold, in which case this thread is not for you.
So, is life as a power trader sitting in ad1 kama with a notepad jotting down prices? Thank you all for you input btw, been great ^^ |
byteme!
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Originally Posted by The Arching Healer
I'm sorry. I didnt realize that powertrading is fun for people. I just assumed that people where powertrading to gain some hard cash.
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Good power traders don't need to spend real life cash to get rich.
Gift3d
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Originally Posted by byteme!
Good power traders don't need to spend real life cash to get rich.
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But i wouldn't know about that!
byteme!
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Originally Posted by Gift3d
I think you've got it totally ass backwards there, captain. Good power traders make real life cash basically for pressing up enter a lot ;]
But i wouldn't know about that! |
Motoko
It's a lot of talking...
Alot of blowing smoke...
Making the other person believe the inflated value over the depreciated value...
Finding the right person who is willing to pay, and the idiot who is willing to sell.
Or you could just wait and hold them.
This is the reason essentially why they are preferred over ectos and armbraces.
I had 5000 rps sitting there until I decided to buy an unded oni for about 950e.
He sat there until a few months later he hit the 1750e mark. Ectos and arms though...unreliable.
Alot of blowing smoke...
Making the other person believe the inflated value over the depreciated value...
Finding the right person who is willing to pay, and the idiot who is willing to sell.
Or you could just wait and hold them.
This is the reason essentially why they are preferred over ectos and armbraces.
I had 5000 rps sitting there until I decided to buy an unded oni for about 950e.
He sat there until a few months later he hit the 1750e mark. Ectos and arms though...unreliable.
Curo
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Originally Posted by The Arching Healer
Not worth the time. Why would you spend one hour to make maybe 50 ecto's? Thats like a silly €10,- an hour. A real job pays more and is often less boring than powertrading. And often you won't get those 50 ecto's an hour but like 10 or maybe 20.
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Originally Posted by Gift3d
I think you've got it totally ass backwards there, captain. Good power traders make real life cash basically for pressing up enter a lot ;]
But i wouldn't know about that! |