Several points made in this discussion genuinely blew my mind and, if they're true, absolutely make me re-evaluate some elements of the game. I'm talking a 180 degree revolution on what I once believed currencies in Gw2 were all about. So buckle up, and jump in on the discussion down below. Let's see what you think.
I am half way through the video, will finish it tomorrow. Today I thought about buying enrichment infusions for all my 5 chars, and i decided on gold per monster. I am glad not to have bought these yet since its going to be XP. I am nowhere close to even the 30% accountwide XP boost from AP, got like 16k APs right now. I will definatly keep in mind what i just witnessed, most of the recommended things I do already. looking forward to the second half of the Video, I will look out for any hint to get in touch with these people, or at least use the reddit. Thanks for sharing this, I am curious on how this develops for me. Greetings :)
I've listened to it all... It's so damn shocking, especially how they used wvw for shards. It's great this encourages people to explore the game more and actually make pretty nice gold. Thank you for the video!
Also, you should make a short video for the people that didn't have the patience to listen to it all to sum it all up together. Lots of people come with misconceptions about what these guys intentions are and why they decided to talk about how they make money.
As a new player I don't know how do you trade map completion and gift of mastery since the mats for it are account bound. Do you ask to someone to craft the legendary weapons for you ?
Important note: you can't just straight out sell the stuff they're talking about, gifts of exploration/spirit shards/karma etc. Watched for an hour or so and they just keep going in vague circles. For example gifts of exploration, it isn't as simple as just world comping and selling the two gifts, you also need 200 spirit shards for the bloodstone shard and about 140 for rolling the mystic cloves, a way of getting 500 obsidian shards (whether through karma or unbound/volatile magic), a gift of battle which needs at least 6 hours of wvw with all the track boosts and t6 participation and your dungeon currencies. If you add all those things up, it's actually less profit/hour than the regular farms, but the reason they want people to do it, is because they buy the Gifts of masteries for 500g on the exchange reddit to make a legendary which has an added value of 100-200g. So yes you'll be getting 500g for your gifts after about 50 hours of doing things to sell them, but they will make another 100-200g on your back by just buying your Gift of mastery and then selling the legendary for more (or using it as commodity to trade among other barons) while they need to put in zero effort. Even though the gifts of mastery are 500g atm which looks like a big deal for new people, they are still massively underpriced. So DO NOT SELL gifts of mastery, but craft the entire legendary yourself and SELL THE LEGENDARY so these people stop getting richer on your backs. Cheers and vote this up before people get ripped off.
This is fairly misleading and misses the point. Yes, you should not go out and farm Gift of Masteries to make money. However, you get all the things you need for a GoM while playing the game the way you like too, earning karma, spirit shards, and a map completion is a useful goal for all accounts. My advice for people who want to be, as they put it, middle class. Do a single map completion. Play the game the way you enjoy it. Pick the legendary crafting chest from your loyalty chests. Sell 1 GoM to someone, these guys, your guild mates, me, it doesn't matter get your 500 gold. Then, use that money and the clovers you've been slowly getting for free each month to make your own legendary and sell it. Without much extra effort and playing the game the way you want, you'll have ~2000 gold without much actual investment or risk. These people aren't scamming you, yes they're profiting a lot of money, but they aren't asking people to spend all their time in GW2 making gift of Masteries. It benefits everyone to just do it passively, and be mindful of the value your account bound currencies have.
@@fancypenguins Would be way better to first craft a legendary and sell that one, and then make one for yourself, cause like I said, you'll get around 600-700g profit from the legendary instead of the 500g people are offering on reddit for your GoM.
@@belgianht in an ideal situation yes, but I'm looking at it from the perspective of someone that is newer, and doesn't have the money to make that first legendary right away. 500 gold is great seed money to start your own money making. I also want to really emphasize you don't have to sell the GoM to them. Maybe team up with some guild mates? Either sell them your GoM, someone you trust that isn't going to screw you over. Or maybe the opposite arrangement? Burrow the T6s or precursor money from a guild mate, sell the legendary and pay then pack plus like 5%? Just make a deal. The takeaway I think these people were going for, or at least the lesson I'd want people to learn is to use those currencies and the people around you to build wealth, because it is easier than people think.
Wasn't gift of mastery account bound? I didn't see entire video but so far i only got that they pay you to upgrade thier t5 mats to t6. EDIT: i found it how. I also don't think it is worth to sell it. I would rather wait until i get enough mats myself for full legendary.
So to sum it up: The most valuable items in the game are legendaries. The most valuable service in the game is helping people to skip the time gating part of crafting legendaries. The rarest resources are spirit shards and map completion gift cause they require actual play time, hence the time gating. Avoid trading post at all cost, as much as you can. After their internal market is exhausted, they are looking for new market(more players joining them and do trades their way) For general players, you can evaluate the gold and resources you have right now to decide which step you want to take part in to build up your wealth. It's cool to know gaining experience is actually critical in the process of making big money.
For this to be really aimed at casual/newer players you will need: - more explanation of what the terms you use mean, aka what the t5 and t6 materials actually are, how do you convert them in the mystic forge, how do you trade gift of mastery and your map completion (??). where and how to 'sell' those spirit shards. - more accurate info about time investment of all these things. all i got about this topic were a) "20 minutes clicking in mystic forge" which referred to changing mats from t5 to t6 and then "3 hours farm run". but no explanation what rewards/profit we're looking at for those kinds of time investment (even just a generalization) so it's hard to make any decision whether I want to invest my time in it or not - explanation of how much time vs profit 'holding out' on those materials or converting them into precursors/legendaries takes. if converting all my mats into a legendary to then sell is going to take me a year is it really beneficial for me to hold onto all those mats for that long? aren't I better off selling for quicker profit? help people make informed decisions by giving some estimates considering time: how much time (per day, week etc) it takes to make a legendary/precursor and what is the profit vs the profit of selling instantly So in generally more specific information and explanation of every step along the way for people who are either really new or really causal. As is, the video seems more aimed at ppl who already play the game extensively. Which, if that was the plan - is totally fine! I'm just pointing out (as a very very casual player who never really dipped into any of gw2 economy) how 80% of it was very hard to make sense of. I really only got 1 tip out of this whole video and that was 'finish your masteries because otherwise you are wasting the exp you earn and exp is a way of earning profit too'. That was super valuable for sure.
I can only upvote this. Didn't even knew what spirit shards are used for until I looked it up after watching the video. I have never crafted a legendary. Looked it up previously and decided that this is sooooo far out of what I can afford, so I just dropped the idea.
@@theIpatix I did the same, I just figured I'll never have the materials to make a Legendary so I just put it out of my mind. Mainly because I knew that at least one of the items you needed was a random drop or could only be bought for ridiculous prices on the TP, and that of course is the Pre-cursor. However I believe that now it is more easily attainable because of the Mastery System with Legendary Crafting, as far as I understand it, you can now craft the pre-cursors, so that at least gives me a fighting chance now. And I have been playing since launch, albeit casually.
@@Underleaf76 Yeah, I am aiming in getting those masteries first, just to make sure that I at least have the tiniest of chance of getting up there making a legendary. But for someone who hardly makes ascended gear, I am not sure if I am ready yet. Lmao
Underleaf76 Just play the game, do fractals, play some wvw or pvp, do events, do world completion and the mats will come. I'll made my first legendary from the ground with all achievements and all crafting. It was a grind but I managed to make it in a couple of months. Don't lose your hopes, it's not impossible.
Making thousands of gold is _never_ meant for casual or newer players lol. This video is about increasing your (already formidable) capital through market manipulation and market understanding. What about this says "noob/casual friendly"? Making this video "casual friendly" is like making a "Computational solid state physics for dummies" book...like that's not gonna work LOL
2 hours of fluff summarized: Save, don't sell your mats, then build and sell legendary items. Skip the part where you build for them to maximize your own profits. Maxing XP helps.
This is full of great information, but it was a bit frustrating to listen to. This would've really benefited from the interviewees writing out their main talking points, along with concrete, specific examples, giving it a couple of editing passes, and then referring to the notes instead of trying to do the whole thing off-the-cuff.
Because this isn't a guide and instead it's a bunch of pretentious scammers sniffing their own farts and telling you to sell your spirit shards to them or join a guild that does, so they can make profit off of you. It's like watching one of those pyramid scheme videos where some guy goes on about telling you his secret without ever telling you anything.
After watching the full video, I'm still pretty irritated at how roundabout 100% of the discussion was, but some basic concepts managed to slip through the cracks of redundancy. Namely, Achievement points and spirit shards are incredibly lucrative to farm for, and that building a community of trading outside the trading post is to the benefit of every player, casual or otherwise.
Except you're missing the same point people in the real world miss -- the guy with 1.7M gold is not farming spirit shards and converting mats in the MF. He's trying to get *you* to do that so he can use his existing capital to profit from *your* labor. The easiest way to make gold in GW2 is to open your real-world wallet. The second easiest way is to have gold already.
@@DdavidoffC The point you miss is that its not parasitic, its symbiotic. They also farm. As you start, and continue, you eventually get to the same point these guys are at. Unlike the the "real World" there is no generational wealth, which means it was earned
An important concept that didn't get clearly stated is that that economies need churn - it's the movement of money and goods that produces wealth, and if an economy becomes stagnant, that opportunity isn't there. Whether the interviewees have ulterior motives or not, the gold game as a whole gets better as there's more action in it, so it's in their best interests to get more people involved.
Yes because no one every could just give someone something in a game and receive something out of game without a game dev knowing fuck all about it. You must think devs are omnipotent listening to every discord ever hosted.
I've gone back and forth debating whether I should comment as it certainly is not positive. But whatever, you at least should know WP. These people are the same people who exploited the WvW community. A community based on users with large amounts of spirit shards, and little gold. Exchanging these legendarys for minimal gold, and server transfers ( the server of course being dictated by these guys) They were able to manipulate mashups, and player volume to such an extent that we still the consequences of their actions today. I believe their actions is what prompted Anet to start implementing the alliance system, and also believe it played a significant hand in people leaving the game mode.
Exactly this. My server's WvW community is a shadow of its former self because of the nonsense that happened during the tournament. It's true that the fault may not be on them specifically, but people like them implementing those strategies played a big role in it. The guild that I WvW'd with died out shortly after the tournament, none of my friends (or me) play WvW anymore.
@@SamF1013 Please, i'm intrested. Could you explain more to me? I just restarted the game, and while i played long ago, my server was TOP, now... it's... eh. What do you mean this guys exploited wvw players?
Get ready for a novel, this is all I know. I haven't been active in wvw for about 5 or so years now. In terms of exploiting WvW players, there's a long history with that. I don't even know all of the details. But some examples include: Large servers like BG, JQ, SOS, etc. would use rich players like those in this video to "buy" guilds. And by buy guilds, I mean they would throw enough gold, legendaries, etc. at the officers of said guilds, and use gold to have all of their players move to a different server. Too much of this caused other wvw players to change servers, due to their server's wvw dying out. There are many servers today (I want to say the majority of servers are like this, but I'm unsure) who have a completely dead and nonexistent wvw presence due to barons stacking servers. The second way was summed up by D Cat rather nicely. WvW costs gold. A lot of gold. It used to cost a lot more than it generated. As back in the day, there were many things in WvW that sunk gold, and barely anything that provided it. Examples of that include: The current "objective upgrade" system (free) was a "structure upgrade" system, which cost anywhere from about 5s for the first tier, and up to 2g for the top tier upgrades. It's important to note that 2g back then was harder to come by than 2g now. As wvw players didn't have any methods for passive gold income like they do now. Blueprints were much more expensive, repairing gear cost gold, wvw players ate more food than pve players. All in all, there were a lot of small gold sinks in wvw at the time that pve players never had to worry about. Which was exacerbated by the fact that wvw didn't give you a lot of gold to compensate at the time. Because WvW players gained a lot of xp and didn't have much use for spirit shards, and they desperately needed cash, their spirit shards were sold at rock bottom prices to TP barrons in order to fund their WvW. Meanwhile, the barrons literally owned and controlled the market for legendaries and precursors, leading to massive inflation for those skins. For example, during this time I bought Zap for 1,400g. (Again, keep in mind gold was harder to come by.) On Fridays, servers would even team up and have trains in wvw to farm exp/spirit shards. Zergs would run circles around a map and trade objectives. -- What I'm refering to specifically with the tournament, is how the matchups were being rigged. The top spot was being fought for by 4 main servers: Jade Quarry, Tarnished Coast, Sea of Sorrows, and Blackgate. The tournament took weeks, and depending on your server's population, where you placed in the previous week, how many points you got, etc. Would determine who you fought the next week. Of course there were rumblings in the beginning of the system being gamed. 'If we place 2nd or third this round then we'll fight x server, and we can beat x server easy.' and so forth. All decisions likely made by the server leaders (tp barons) and the war council. My server's wvw died for my guild and I when the two servers we were fighting teamed up on us. I don't mean a gentleman's handshake team up. I mean the enemy commanders (again, different servers) were literally in ventrillo together, one side would hit our keep from the north, and once they died the second server would hit us from the south and clean us up. In a normal wvw match, it's not impossible to see something like that happen. But when it's the same few commanders doing it, and it's being done consistently over a period of several weeks. I wasn't an officer or war council member of any kind. So I have no idea what actually lead to my server getting teamed up on for the entire tournament until they were eventually taken out of the T1 bracket. But, there were rumors going around that it was because a few of our commanders refused to win trade. My server's wvw was never as strong as it was after that. I'm sure people who have had a more active presence in wvw since that tournament would know of more examples. But for now that's all I know.
I'm gonna be honest here. I have no real understanding of what these guys are talking about. Like at all. The only part that I understood is that I should work on and finish my first legendary and do lots of achievements.
Yeah they didn't explained themselves very well .. but here is the bulk of it: Spirit shards atm are stuck in player's wallets when it could be used to craft weapons. You form your own community to set up trading deals, you offer gold and get spirit shads back (cause they are so hard to get). You can do the same with gift of explorations. To speed this up, and get some more money in the meantime, you do achievs to boost your account bonuses and run meta trains to get xp thus getting more spirit shards. You form your own community and just don't join theirs because they have their own scheme set up and are not willing to let just anyone in. They would lose money that way. Having competition ends up being good for them cause it keeps the market wealthy, so they can still make money, so thats why they want you to do it as well. The mats you get are worth more than what you're selling them for. Imagine, T5 blood is worh 1s a piece, but if you craft legendary weapons and sell them on the tp/gw2exchange, they're worth 2s a piece. So instead of selling your mats you should be using them to craft expensive weapons. This brings us back to forming communities because crafting legendary weapons is tough due to the spirit shard sink, so you need help, people to buy spirit shards from. Lets say you get 3000 Gold per legendary weapon, you spent 2500 on it, thats 500G profit. These are made up numbers but it gives you an idea why it ends being profitable. You spent 2500 gold on mats and spirit shards. That's really it .. don't fool yourself into thinking you will be rich on your own farming xp. This requires proper setup and most importantly, friends you trust. All these deals you can get scammed on, so its important you build your own loyal group and start doing some business.
An hour 15 min in and I'm still waiting for an explanation SPECIFICALLY on how to convert my spiritshards. All I'm hearing is a general philosophy, no concrete entry points.
Finished the whole video. You're not going to get any specific explanation, aside from "use spirit shards to upgrade mats" and "be connected to other people." Honestly, this whole video is just them trying to sell their guild.
@@swanofnutella4734 You use the shards to buy Philosopher's Stones, which are used to convert mats. The (mats you make - the mat you buy)/(spirit shard per conversion) is your value of gold per spirit shard
Oh boy, where to start with this.... A 2 hour long video with so much talking so less information. Everything is kept vague and stretched over a way too long time. Plus bad audio quality from people's microphones. Combnined with some useless gameplay in the background. And at the end it all boils down to NOT use the marketplace. What some players might not know or might have forgotten was that ANet explicitly created the marketplace to avoid scammers and being scammed. In GW1 there were so many scammers using for example items that looked like globs of ectoplasm, selling them as goe, scamming players of their money. And now we have these rich guys basically telling everyone to form or join guilds that avoid the marketplace. And the uninformed kids, that have worked hard for their legendary will now join some random ass guild to trade, put it in the guild bank and kicked they are and gone the weapon is. This could never happen in the marketplace. Also the marketplace WAS explicitly designed to pull money out of the game. Millions of players playing, doing events, farming stuff brings too much money into a game. A trading fee is a nice idea to take away some of the ingame gold. Yet with players having thousands of gold and stuff (by not letting the money get out) it's no wonder that ANet puts stuff in the game for 50g here, 250g there. Like whenever there's a new map with a new currency, you can have a node for your home for 50g. Most players cannot afford that. Now if all avoid the market and all have more money, guess what, these nodes will be 100g or 500g at some point. One really nice step at some point was that the new legendaries were account bound and not tradeable. And legendaries should be a lot more about doing stuff and playing the game and way less with using materials etc. Because that would reward the people interested in the GAME itself instead of those just hoarding money by avoiding game mechanics. Although it might work with getting more money I can not recommend the methods of this video, sorry.
Basically it is people exploiting/utilizing a trust system. If you don't have an existing trusted friend group or guild, pretty much all of this doesn't work. Granted the selling of spirit shards is a community thing that I've known about. They have a discord server, and if anyone cheats or scams, they police themselves and get rid of the scammer.
Kinda agree. They share what they share to get footsoldiers making money for them cause they are probably capped currently. They have a nice network set up to make money for them. It might be somewhat beneficial both ways but I dont feel like working for someone here or in the real world. You also don't need them. I have around 2k hours in the game, made 2 legendaries. From the amount of money I hold there was nothing in the game I wanted but could not have so far. It does not take a degree in economics to try and avoid an obvious money sink and you can look up guides and recipes for everything. Just be consistent with the game if you want something. I stopped playing actively for 3 years, but I still logged in. So many people can't handle money in even a game that anet has to make ridiculous handouts with the dailies. My friends did not do that, and after 1 week of nostalgia they uninstall again cause they see the prices and only see 14 gold +change cause they dont value mats.
One of the biggest issues here is that it requires you to gamble with the in-game message systems. Anet's policy is that anything you send/mail to another person is a one-way transaction; you are in no way entitled to a return of your sent items. That's a big risk that shouldn't be trivialized. Gonna see a lot of scammers as a result of this.
That's why you only trade with trusted people. I have traded with the same people about 20x i just spend what i have which is silly of me cause i could catch up to where they are. He also puts up a list of DO NOT TRADE WITH. andthe people within the guild are super trust worthy :-) happy farming! xoxo
I've done this method before and I only sell in r/GW2Exchange where you can see people's reputation, sold liquid aurillium for 2.1k mc, sell stacks of t6 materials every 2 days making 500g in 2-3 days
the difference is that in RL, money has a lot of power to both improve and destroy lifes. in gw2 it can only really buy some nice skins and stuff like that.
In RL cartels only work because the cartel can do things to people who undercut and/or there are barriers to entry that make it not worth it to undercut a cartel. In GW2, none of those apply. If you think there's a cartel making prices way too high, then undercut them.
To be fair, that is a real economy argument. If you give more money to the rich, what they feel the playerbase is doing right now because they don't know, all the money gets stuck because they can only trade with each other or are just hoarding the money. If you give money to someone poor, they will instantly buy stuff and put money back into the economy and what that means for GW2 is that they become trading partners for the rich. That is one of the reasons why some large real world corporations are for universal basic income. You need people that can buy the stuff you produce and in the long term it might be better for the super rich to give the poor a hand, losing some of their wealth but ensuring long term stability.
@@zomfgroflmao1337 so many don't get this though, it's just sick... also, adding to this, ppl not fitting to "the current system" might end up being very expensive to deal with on the grand scheme and long term (slums, financial help, crime, healthcare) so it might be less expensive to open up the system and help them by default with their first tier problems instead of letting the problems get deeper and solve their high tier problems.
@@zomfgroflmao1337 If these guys cared one bit about the state of the gw2 economy, they wouldn’t be hoarding stuff. If they started selling their legendaries and mystic coins, these items would become more affordable, therefore shifting resources away from the wealthiest players and bringing them to more reasonable percentage of wealth. Most of the highest-cost items in the game have maintained or increased in price because people buy them and hoard them. And there’s a good reason to... for example, ultra-rare infusions(chak, confetti, etc) are generated more slowly as the content which generates them gets less and less play(which should almost always occur as new content draws the player base away from old content). And if you have the capital to buyout a significant number of them, you can - to some degree - control the supply, and in turn, it’s price. Moreover, as these infusions are the highest-prestige items in the game, there will always be significant demand for them. In my opinion, they are perhaps the safest investment on could possibly make, as they will only go down in value if anet makes them more easily obtainable; which, they would never do, since it’d send a bad message to the player base. Or, you know, they could stop trading inside their closed communities and stop avoiding the TP taxes. If a 3000g legendary gets traded back and forth 5 times outside of the TP, a net 2250g would be saved that’d otherwise be lost to TP tax; and if you are a TP baron, you are likely doing a lot of trading, making that 15% tax all the more meaningful. If these TP barons could only trade through the TP, and had therefore be paying the 15% tax more frequently, then more gold would be leaving the economy, therefore increasing the value of gold, making in-game gold drops that the average player gets from, say, fractals for example, more relevant. This all works very similarly to how the real world economy works. The more money that gets printed and circulated, the comparative value of that money decreases against goods that aren’t experiencing fluctuations in supply. So if wages for the workforce aren’t increasing at a similar rate to match inflation, then they’ll be earning proportionally less, as the money they earn becomes less valuable.
@@ForComments-k7t yes, its actually much cheaper and also more efficient way but some ppl just dont get it. Besides richest ppl who dont get it and only think how to make them selves richer or rule over everyone still pay for this bull shit the only difference is not directly thats why its harder for them to see that.
Oh, that's why the legendary weapons still so high price, the individuals group into a guild and store up all the legendary weapons and fix the price for it.
@@MsMoonDragoon Even with low-volume commodities, what you're saying is extremely hard to do, not to mention and risky and ineffective. This is coming from a moderator/contributor to a for-pay GW2 gold guide website/community. If you want to make real money in GW2, you diversify widely and thinly across as many different commodities as you can until your hand is in every cookie jar. Spread those buy orders, buying only so much as will sell in one to a few days, depending on velocity. Reinvest your returns so you can cover a bigger percentage of the market. You will get steady, reliable profit. and you won't care if some shortsighted morons with get-rich-quick delusions attempt and fail at cornering a market. Unlike them, you will be immune.
Interesting video that I may be able to take a couple things from...even though it really felt like every time you asked a question, your interviewees just completely ignored it and talked about whatever was on their mind at the moment.
To be honoust I listened to this vid 2 times and they actually give nothing of value that adds to the "how to make gold" part of the video's title. should've rather called it: " chatting with rich traders that know how to make gold"
This hits every single note of an MLM scheme pitch. And while I don't detect any straight up fraught, there is little to no useful information here for the 99%, but it's just an ad to come and toil in the Legendary factory of the people who play the economy well. In the end it's just like real life: There is no easy way to get rich. Apply yourself, think outside of the box, make use of everything you have access to and just be lucky. And of course, wealth begets wealth.
Hi guys been playing this game since launch. I play about 6 hours a week at most. Never really cared much about the money, never made much. Never cared about legendary items it's a ton of work for no reason and I only work if they pay me. Still got tons of fun, adventures and so forth. If you're really willing to spend 50+ hours playing a game, is it really a game or did it turn into a job? Eh I'll leave it there. Cheers o/
You're not realistically going to use up 20,000 spirit shards. So you can use 140 of those spirit shards to do T6 conversions for them and get paid 60g for that. Basically use the spirit shards you need and then "sell" the excess for 60g per 140 and profit of that.
20,000 spirit shards is 142 conversions. 142x60=8,520G. (Not bad!) If you're not 300 MF there's a chance they buyer will let you break stacks of ectos if you have a silverfed as well.
As someone who was skeptical of trade deals with [TP]. There is no risk of losing gold if you're doing deals for [TP]. Especially if you're doing T6 conversion with spirit shards. After just 3 weeks. I was in profit ~1,200g just from doing T6 conversions for the guild with minimal effort. Basically just semi-afk at the forge while watching TH-cam and Netflix, Editing Videos and eating lunch. You never lose gold. The only risk is not making as much profit as you could if you ran the trade deal yourself. Either way, you're still profiting masses of gold. Except if you run the deal yourself, then you do risk a gold loss if your trade deal fails. That's why you let [TP] run the deal, and make 80% of the profit you would if you ran it yourself, except you have 0 risk of losing money. I don't run my own trade deals. I just help supply [TP]s trades and they pay me for those mats. (Spirt Shards, Gift of Mastery, Mystic Clovers) making me a profit. However if I wanted to. I could use those Mats myself and run my own deals to make even MORE profit. But that comes with a small risk that I personally just cant be bothered to deal with at this time. It sounds sketchy. But you make heaps of gold and it's legitimate.
I've been playing since launch and the most I've had in my bank is 2000 gold. This was interesting to listen to, some of it felt like a pyramid scheme. At the start there was talk about time and how a 20 minute clicking session could net you gold, but later in the conversation things like farming and map completion come up which take way longer then 20 mins. I don't think what these guys are doing/talking about would apply to casual gamer and maybe that's why there is no "middle class" the ratio of casual players vs hardcore players like these guys has a huge gap. Interesting insight. Just the fact they call themselves barons does not sound right.
yea it's funny that people complain on the forums about Anet giving out too much spirit shards, and they don't want or need any more of them. instead desiring other rewards. if you play the game the so much that you hate seeing all the spirit shards in your wallet, eventually any reward that Anet gives will become the same situation. because players are hoarding instead of making good use out of stuff Anet gives for free, just for playing the game. but what this video and these rich players are telling us, is that these spirit shards and other in-game rewards (including achievement points and map completion) are long-term creators of wealth. it's just that most people really can't see that far ahead or connect the dots or willing to go through the effort.
@elviade That's exactly me. I have thousands of spirit shards and millions of karma, but I'm just too lazy to use them. To be honest, I don't care about gold. The gold I win with my fractals/raids or what I do in the game is enough, and you drop enough ascended gear for all your character without spending money. And I don't care about legendaries, they don't have better stats so they're useless.
Millionaire ..., I have trouble getting my 250g together to afford a griffin, though I'm just a casual without a guild who works on the ascended gear of his second toon. At least I'm enjoying the game, most of the time even though I'm running through the areas without having a plan of all the mechanics and stuff
Same. (Except for things like Halloween I can normally farm about 500g but I am also horrible at managing my in game money so I tend to lose that 500g rather quickly.)
what is misunderstood here is that you don't have to sit infront of the trading post/guild bank all day, you still go about injoying the game but now instead of letting currencies that you ignore go to waste, you now are making use of them, currencies that you earn by doing what you love
Hi, Raymera here, even if here and there they pay it forward or give people deals...if they are sitting on millions of gold just as an achievement or bragging rights, that's very pointless. A million gold in your wallet is a million gold not being used for something or buying gems exclusively without buying them ever. Anet's business model is to have the trading post (and the entire game for that matter) be a gold sink as an incentive to keep playing and earn more thus keep playing. This means Anet is no longer making money off you, the client. Some might scoff and say "well good! I deserve it" and they are missing the big picture. Businesses in any industry all need to make money and we ALL love a deal. So, dare I say you've stunted some of their income flow? Theoretically, if we all traded with each other and not with ANET (trading post, buying gems) they'd go out of business very fast. They think they are working the system but they're really gaming the system, it hurts ANET. Also, be careful since this is a TH-cam video and WP isn't exactly unknown to them; they'll be all over this now if they weren't before and might eventually adjust everything in-game so you could never make money through any of those methods anymore. For everyone else, if you have under a hundred gold continuously you are not poor so keep having an empty wallet, because you're contributing to the life-blood of the game. ;)
I find it quite interesting that I am casually doing many of these things for years already (my guild is always joking around that I am wasting money by buying the living story 4 "empoorments" as soon as a map is released) without understanding what I am doing. I only have known that it works ... the only thing I am missing is the vitamin R so I use the tp instead.
@@hayimemaishtee every day the game gives you a net 2 gold when you do your daily achievements, most newbies do them accidentally by just doing casual stuff
I hear ya! I can't get more than 5! I get on game and do maps...the hearts, hero points, and POI and sell stuff at TP once in a while usually equipment I can't use. Boggles my mind that they can get that much gold.
@@hayimemaishtee but you get gold by simply existing inside the game.. not matter what u do, u will make more gold than this. u can't play this game for months and not have gold. it's impossible. Gold is coming automatically to you by doing nothing..
Major Dullard this is like saying. I never drive across the country because i saw how many miles it was. Or. I never climbed a mountain because i saw how high it was. Screw the feeling of accomplishment after such a journey. Dont play mmo’s if you cant grind fir gear. Go play diablo or something mind numbing
Same here, this is meant to be a game, a way to de-stress and have fun, not a second job! This whole mentality of having to grind for years is beyond belief.
Great topic, WP! So much of this blew me away. There is another level of play most people aren't engaged in right now. I'm not dedicated enough to connect with this economy myself, but would definitely follow a trustworthy person who can lead well and teach others - these guys have all that. Thanks for covering this fascinating angle to the game. I'm ready to farm my brains out - not for gold, but just for the crazy fun of it.
So basically I should trade outside of the Trading Post, with total strangers or by joining a guild... If socializing with other players on that level is all it takes - then I guess I'm just not cut out for getting rich.
What I like about this is that it's pointing to a more organic, easier way to play the game that seems to be (and that's most definitely at least partly an accident) something that ArenaNet has genuinely thought and designed into the game . I actually started the game a new after a little hiatus and I made a decision to do some grinding and actually build some capital. Nothing as attention requiring as Fractals or dungeons but just map comp. One point is node foraging, another is BLC keys as comp rewards. I also love the fact that there seems to be a genuine reason to farm "things" rather than money. You *keep* things like mats and use them for something instead of just using TP to filter them into coins. That's what I loved about the first game. You farmed something specific instead of just thinking how many platinum you had in your bank. Obviously money is the end goal here and you can't very nicely farm specific things like fine crafting materials that easily in GW2 but it's still a more "entertaining" way to farm and build your wealth I feel.
After being in this level myself, without playing for the entire summer (just started again) I finally made it to 120g. Get the expansions. Not the deluxe or ultimate, but it is wrong to aim for end game stuff (I am going to create a legendary) without having them. I have seen at least a 150% increase in my income after I got the expansions.
Key point of observation about the discussion. Character reputation is another type of currency. In their trading market, its built on the number of transactions. In WvW, a skilled commander builds that by constantly being visible on the battlefield (commander tag). Within a guild, its built on player loyalty and participation. And in your case, Mr. Potato, its built on the visibility that you bring to yourself and the game. Consequently, this results in trust in the future and that's a worthy investment as it means growth - people will be more flexible in negotiations on their trading market, a skilled commander will have more followers leading to greater map control which has rewards, a guild member gains better access to guild resources and rank adding to the ranks more resources, and some of your followers, who are savvy investors, reached out to you in hopes of bolstering the in-game economy with info leading a resurgence of player base (and middle class) and also as another source of spirit shards.
Yeah, it’s the spirit shard thing all over again. They sound really profitable in principle, but in practice are far less practical to liquidate at a strong profit. The most profit you’ll make from them involve converting spirit shards, materials, and dungeon tokens, into various prestige exotic skins; or, with a bit more time consumption, legendaries. The numbers look good for the spirit shard conversions, until you realize that the conversion numbers don’t take into account the other currencies involved. That exotic skin you craft isn’t just spirit shards, but also dungeon currencies that you’ll need to farm, as well as obsidian shards. This issue gets magnified when you discover that, if you want to liquidate your 10k spirit shards, you’ll need to be crafting and selling hundreds of these skins. Hundreds of skins = tens of thousands of dungeon currency. There’s also the issue of selling the skins. If you want to turn the biggest profit, you’d be wise to sell it at the upper values. Problem is, if you get greedy and overestimate your sell order, you could either 1) end up waiting months, or even years to sell that skin, or 2) have to pull the order and lose 5% value from the sell order tax(which is a huge deal, considering the profit margins are often pretty tight). These issues also apply to legendary crafting, where you aren’t simply converting spirit shards to profit, but also gifts of exploration. Farming those is both really time consuming, and not particularly enjoyable. Reflective summary: Do I think they offered to create this content in order to profit off of people scrambling to liquidate spirit shards? I’d be inclined to say no, as I’d assume they are happy enough with how much gold they already have. However, I wouldn’t be surprised if they’ve invested heavily in various conversion mats with the expectation of increased demands for them. I didn’t watch the entire video and skimmed through about 1/2 of it, so I can’t say for certain how much of my interpretation is valid. Honestly, if you want to make money, understand that it takes money to make money. Make long term investments in the TP based on speculation. Read patch notes as soon as they are made available, anticipate how they may affect the economy. Play living world seasons as soon as they are up, see what resources the new maps provide, including new cooking and rune/sigil recipes, anticipate how these new additions could affect the economy. Take advantage of festival events, make smart investments of the goods provided by them. Most importantly, understand that the people who drive the economy are often those who play the economy the most. These people will often be making similar speculations, and are a critical part of whether or not your investments will end up succeeding. Oftentimes, investments become highly valuable strictly for this reason. Rich people will anticipate rising prices, invest heavily, and drive the prices up. Similarly, when the prices start to peak, they’ll start to sell their stockpile, and crash the prices, so the safe bet is usually to sell things sooner than you think you should. Here’s an good example of what I did recently to turn some profit: When the very first announcement was made stating that cooking was going to be changed and give some attention to less used cooking ingredients, instead of immediately buying tons of low cost cooking ingredients when everyone else was, I waited about 3 months until the prices normalized. Then I dropped a couple thousand in some educated choices for cooking ingredients. When the more recent announcement came out about “ascended cooking”, instead of holding onto the ingredients I had invested in and wait to sell them when the update dropped, I sold them a few days after the announcement as other investors started pushing money into the ingredient economies. Most of the ingredients I invested in I sold for 100-1,000% of their original price. Another quick note: if you want to make money, don’t freaking do what everyone else is going to do after watching this video, and start trying to liquidate spirit shards. I have no idea how much this video will influence the various conversion rates, but I can guarantee there’ll be a lot more conversion skins on the market, and without very much demand for them. Don’t get caught with your pants down, trying to sell a bunch of skins you’ve just crafted from your spirit shards at the same time everyone else is. In general, don’t make speculations or investments based on speculative effects this video could have. Sure it’ll affect some aspects of the economy, but you’ll be swimming in dangerous waters with so many TP barons likely having already planned around and invested based on how this whole thing will pan out. I’m surprised they didn’t try to pull the “oh and remember all those one-per-day ascended ingredients you’ve been crafting but not crafting into deldrimor ingots, spiritwood planks, etc., and selling?” That’s a big bubble just begging to be popped.
@@hyra8891 I mean, what did I miss? From what I understand, the emphasis was on the value of in-game currencies other than gold, and in particular, spirit shards. I basically watched until they got to talking about how they made their money, and then skimmed the rest. So unless they saved the important stuff till 30+ minutes into the video, I’d assume that I hadn’t missed anything very significant.
@@bran339 i rly think that u truly missed it. I suggest watching it again because, they not only talk about converting but trading and value of sertant items and offtopic: even the point u made right now with the exotic weapons and stuff idk what u talking about but spirit shards do convert to gold via converting t5 to t6 or crafting weapons with eldritch scroll to later sell it on the market go to gw2 efficiency it tells u everything
@@Sozank96 19:56 What information did they bring forth for making money beyond converting currencies to gold or joining item trading guilds to avoid 15% tax? Also, you can't just say "you missed the point" and not illustrate what it was I missed.... If there was some overarching concept that this video predominately focuses on that could be described as "the point of the video" then shouldn't it be simple enough to write out in a sentence? Like come on dude, you don't show up to a discussion just to say "Nah, you're wrong." *Casually shows up to respond to a comment 1 year later*
Just utterly insane..... but I think in listening the concepts he discusses are spot on (I mean obviously man has more money then anyone else in the game lol). I appreciate this longer take and hearing his thoughts and your reaction to it WP.
Speaking about Guilds. I joined a guild, and it kicked me out, because I was not giving all of my liquid karma or rep to them, which I was using myself for my own little guild. My friend who joined them, gave them all they wanted, and he still got kicked, because apparently, he was not generating enough money for them. This guild was also marked as a Social Guild for helping people with puzzles, group events and such.
I've been thinking about this sort of thing, both lately and over the years I've been playing GW2. I've been on since what, 2013, 2014? And noticed a few things about the TP these guys have mentioned. I was also trying to think of a way to make gold, and I agree we need more of a ”middle class” in GW2, as of now we don't have that. I'm genuinely interested, and it seems legit, and ethical. It being ethical is as important as ”making gold” for me. Thank you WP, and to these guys for opening up.
this is the kind of conversion Rich people usually have, you think thy sound very interesting but you are far from getting your hands in it in a meaningful way at least.
Looking through the comments I think a lot of people are missing the broad lesson here. It's not just about making the most efficient use of your mats/currencies. The main way they have found to 'get rich' is by pooling resources, forming a guild and working toward shared goals. Their collective ability to influence the market is far greater than any individual's. Sure, if you want to solo you should probably make legendaries and sell them if it makes no difference to you what content you play (just do map completions and a lot of wvw). But the bigger lesson here is that your guild should work together to make bigger moves than you'd be able to alone.
Just a thought: GW2s economy produces its gold out of nothing (mainly gem-gold, junk drops and daily quests). There is no debt system that inflates the available money. Those guys are in theory a huge gold sink for the economy that keeps inflation low. BUT there is so much gold on those accounts in assets (legies, MCs, infusions, etc) and this gold is already back in the economy, so inflation is low DESPITE their workings. Sometimes i wish i knew what prices would be if anything bought off the TP would be accbound after and we could see the real demand on ressources.
Thank you very much to all involved in the Video, its been an eye opener and will surely help me and my friends generate more gold for our small Guild!
Thanks for doing this, I really learned a lot about an economy I've been interacting in for years. I think this is the most sincere rich person summary I've ever heard. That said, there would be a twinkle to my pitchfork if Anet capped the number of transfers into and out of guild banks every day ^^.
1:41:42 these people are absolutely trash at explaining things. WP is asking them specific questions and their answers only come in the form of examples that require some level of insider knowledge to understand where they're coming from...
Issue with that is that as soon as you give an example of a way to increase value, people have a habit of jumping on it hard or getting too greedy and destroying all profit previously available by killing the margin. I've given advice before and people blindly do it and end up losing money because they try to throw 20,000 items into a market that only consumes 100 / day.
@@DWMI The answer to that is to provide quite a few examples. That way people have a base to build a consensus off of, rather than being left a conclusion with no plot. Maybe a few of those examples tank, sure, but at least the idea is properly communicated.
Yeah they're not great at explaining. Teaching something is definitely a whole other skill compared to being good at it yourself, as you need to be able to a) put yourself in the head of someone who doesn't know any of the things you do, so you don't gloss over important details and concepts, and b) be able to explain it in a way that makes sense, which means breaking each concept down into simple terms and, more importantly, explaining how all the concepts fit together.
@@Razor4884 No, people jump on the first one given and market blows up. Giving direct advice doesn't work unless you understand why it works in the first place. If you knew why it works, you wouldn't need the examples at all. You'd know where to look.
Very enlightening. And now im excited. I've been casually playing and have my own amalgamated farm with some events thrown in to maximize my time in a 2 hour after reset window. To think i can actually be not as poor as i thought. Maybe ill step it up to 4 hrs with that ls4 event farm they have been talking about. Ty to all the barons for showing a few cards.
I have two big questions tho: 1: They say they want to poor folks like me (sitting on glorious 30g) to become richer so we can become part of their trading machinery. However, none of the methods they mention actually generate gold. They are all about redistributing gold, hopefully to the players using their methods (and, ultimately, to them). But this gold has to come from somewhere. So by creating some players with some more gold, we have to either take that gold from the richer people or make the poor ones poorer right? Am I missing something? and 2: Im just a f*in casual player. I dont want to create spreadsheets or think about what I do too much. Hell, I dont even like crafting, like, at all. I want to logg in and kill some mobs, do some events, work on my masteries, play the story etc. So, what do I do to gain some money? I can't do the spirit shard thing as I'm not even close to have my masteries done. And crafting a legendary is something Ill probably never achieve. I don't need to earn thousands of gold, but some gold would still be nice ^.^
WP, I do wonder what the dev's think of tactics like this and I'd love to hear their opinions about it. I won't presume to know if you can easily contact them or not but if somebody could it would be interesting to hear what the other side's opinion is of all this. -Raymera
Despite all the self-aggrandizing and obvious covert motives, this was a really discerning case study of the GW2 economy. Colleges should offer a introductory course called "making money in video game economies" that offers tangible insight on the interplay between economic factors. Fascinating stuff!
So basically, I have to use shards to buy items for an MF recipe to convert my mats to rare. Find a trustworthy guild member to buy it from me without tax included to make a profit. And never insta-sell or buy from TP.
So I am both confused and intrigued by this apparently grand system of trading that goes far beyond the trading post ingame. Although I don't have the intention of becoming the wealthiest of the wealthy, it is a nice feeling knowing that simply doing what you like ingame can net you a good amount of high-demand materials, like spirit shards, to put it simply. I will most probably take a closer look at their discord and the GW2 Exchange Reddit, as I kind of can see experience-gain in areas of the game I like as an ingame sidejob to make some extra gold. Thanks to all of you for getting together!
Thanks to these guys for sharing their info. Kinda sucks that they make a lot of assumptions about what we know. Kudos to WP for clarifying as much as he could, but even still a lot of it went over my head, and I've got 8000 hours in the game. One question I'd ask is: how do you do the mystic forge recipes for converting mats quickly enough to make it worthwhile? Between buying all the mats you need and manually putting the MF forge recipe in one at a time, it seems to take a LOT of time. And that's the kind of fundamental thing they didn't really address.
So I see a lot of somewhat paranoid comments saying these guys are big-braining people to get them to fork over a Gift of Mastery for cheap. Yeah these guys are real geniuses. They tell people to stop selling their mats for so cheap and use them, even though they're some of the few with the capital to vacuum those cheap prices up, and then to try to trade your GoMs and spirit shards to your guild mates when possible. No, what they're saying here is they want you to sell your Gifts to get a handful of starting gold so you can begin to utilize other people's services to make even more gold. They want you to avoid selling mats you're going to use anyway to prevent the TP tax from double-dipping you. They're actually gimping their hold on the cheap mat market because they can see that the current way we're doing things is bad for everyone. If more people had more money, the barons would benefit, yes, but so would everyone else. And are these guys going to benefit from you selling your GOM on the subreddit? Certainly, but no one is forcing you to sell it. They're basically offering you service to convert your playtime into gold for something you may not even care about (I personally couldn't care less about making a gaudy legendary). That's trade! You get something you want and they get something they want. Just like in real life, money doesn't need to be the "root of all evil" and beyond the understanding of the layperson. *It's a tool to facilitate trade.* And these guys want more people to be richer in general so more trades can happen, which benefits everyone in the long term.
I watched this video a while back without knowing anything about the trading community, but now after a while I'm starting to see how they operate. The trading community is not bad itself, and you shouldn't avoid them, but they want YOU to join because they can make money off YOU. You need to really pay attention to what you're trading and know what you're doing. Most deals on trade will not work in your favor, and people watched like hawks for a good deal if some newbies walked in not knowing their worth. Take legendary weapons as an example, selling gift of mastery is going to make you 500g, which is barely nothing considering how much time you have to put in to get it: world completion, wvw, dungeons. They get to make legendaries for cheap, keep its price down, and profit from it. This whole video feels like a propaganda. With that said, they do provide some really good tips on gold making, but you should really do your homework and think for yourself.
If you're using gold to buy things you like then you're having fun!! Because I feel like unless you're not doing anything in the game other than roaming you are bound to get gold (with some base techniques like selling at TP ) Have fun!! Don't listen to these ppl
Hold on a minute! Aren't they basically inflating the value of gold by hoarding T5 / T6 mats and leggys ? So essentially in a few years wouldn't a few thousands in gold just be worthless ?
Congrats you found the actual goal of their scam. It's always the same with this shit. Just playing the long game and ripping people off. This is just WoW Gallywix all over again. Just sell your spirit shards to these guys, so they can literally print gold and then at some point pull the trigger and sell it all for real life cash.
I was thinking this same thing. These guys must have no life outside this game, especially not real life jobs. Two hours of work in my real life job I can use that money to buy 8000 gems, convert all to gold and have roughly 2000 gold. Buy myself a legendary with it....boom.
Problems with tp barons is the artificial scarcity. Seeing an investor filled tith mystic coins, 10000 's also means the market is skewed. It's a reason why I left the game and leaving my goals of attaining a legendary character. The fact there is no reason to finish the character also means me no longer supporting Anet. It' s mostly a loss for the community seeing the middle class generally pays the game. Not the 100-200 ultra rich ppl.
I would be very interested in that shout out to Boots, what builds are they talking about and I really would like to see/hear Boots reaction when he hears of this. :D
The minionmancer is for soloist. The boots builds are gunna be deadeye(mentioned) and most likely the sustaine engineer. Because they do talk about one of the runs needing sustainability. Considering they do ls4 map farms. Any build they pick from boots’ will be group oriented.
So the real issue here is these guys are saying, "Anet put a system in for players to make money but they haven't caught on how to use it." I don't play MMOs to be an economy shark or a stock broker, I play to kill monster with friends and have fun.
tl;dr - Things like spirit shards and gift of exploration/mastery can be indirectly sold for good amounts (~500g for a gift of mastery!) by trading the things they craft into (spirit shards used to refine T5 mats to T6 mats, gift of mastery used to make legendaries). A discord link is in the description to get started on that. - Good place to start is world completion then crafting your first legendary to give you a sense of what things are worth. - Because of the huge value on spirit shards, getting XP is actually pretty worthwhile so don't feel like you have to spam the single best gold making strategy because there's a huge amount of content out there that translates into big profits if you learn how to use the resources. *those guys rambled a lot with a lot of business jargon haha, good work summarising throughout the video WP ^_^
The game has taken a different shape for these guys, it has taken on a new meaning for them, the "fun" for them is running black markets and working out trade deals. Just simply playing the game as intended was not enough for them, they have evolved in a sense. Not my cup of tea personally.
@@jinofhell For folks like you, MAKE SURE YOU DO YOUR DAILIES! 2g every day is a lot at your level, and it'll allow you to gear up to handle the various other farms in the game which will help to ramp up your gold count.
That is business talking! :) Nice video! I thought spirit shards are worth for converting t5 to t6 but I clearly didn't get the whole picture of this process until this video came up. Now it is time to rethink my gold making stategies...
so your telling me that the 4 gifts of exploration I have in my bank have gathering dust and the 5,830 spirit shards I'm not using can be converted in to gold? nice LOL
Gift of exploration is extremely easy to convert to gold. There are literally only three other account bound mats: dungeon gift, gift of battle, and obsi shards. Basically buy everything you need to craft a gen1 legend (borrow money from guildmates if needed), sell the legendary, pay back your guildmates, and keep the profits. Most legends can be sold at 500-1kg above their crafting cost. Use that profit to craft another legend, then sell that legend, etc.
@@hayimemaishtee craft a legendary and sell it. It comes down to about 1k gold per gift of exploration. Ofc you need some other account bound items like the wvw gift, but those aren't hard with potion dailies. The most "expensive" item is by far, the gift of exploration
"Several points made in this discussion genuinely blew my mind" Holy shit, like what? GW2 trading subreddit? Gifts? Trading stuff between people without tp? This is such a waste of time. Could be a 20 minutes long video. I really don't need to hear you make gold by playing the game overtime or doing raids, fractals etc. No shit. This is just a bait for people to start selling GoM for 500g so you barons profit from it.
I mean its basically the equivalent of a real world pawn shop. You go in and they'll give you £200 for a £800 ring that you'd get £500 for if you sold it privately. But its quick instant cash when you need it. Dude was quite honest that he doesnt want to make people as rich as him, he wants to create a 'middle class' so theres more people capable of doing business for him. Thats what all business and economics is
POE is quite a bit different than gw2 in that the currency is also what you use to craft items, there is no gold in that sense in poe. One of my all time favourite games and also one of my real life money sinks too, which in it self is weird for a free to play game;)
@@Spahrizard Ahhh right yes i understand now what you mean. They use mats as a bartering system, because of the limitations the in game TP has IE a max limit on gold you can bid and some infusions now cost more gold than the TP allows according to Xushin. Difference though in this respect is POE is built apon bartering - GW2 is not. Otherwise why have the Trading Post to begin with.
Several points made in this discussion genuinely blew my mind and, if they're true, absolutely make me re-evaluate some elements of the game. I'm talking a 180 degree revolution on what I once believed currencies in Gw2 were all about. So buckle up, and jump in on the discussion down below. Let's see what you think.
I am half way through the video, will finish it tomorrow. Today I thought about buying enrichment infusions for all my 5 chars, and i decided on gold per monster. I am glad not to have bought these yet since its going to be XP. I am nowhere close to even the 30% accountwide XP boost from AP, got like 16k APs right now. I will definatly keep in mind what i just witnessed, most of the recommended things I do already. looking forward to the second half of the Video, I will look out for any hint to get in touch with these people, or at least use the reddit. Thanks for sharing this, I am curious on how this develops for me. Greetings :)
I've listened to it all... It's so damn shocking, especially how they used wvw for shards. It's great this encourages people to explore the game more and actually make pretty nice gold. Thank you for the video!
Also, you should make a short video for the people that didn't have the patience to listen to it all to sum it all up together. Lots of people come with misconceptions about what these guys intentions are and why they decided to talk about how they make money.
As a new player I don't know how do you trade map completion and gift of mastery since the mats for it are account bound. Do you ask to someone to craft the legendary weapons for you ?
@@nils_perahia Exactly, yes. And you have to trust they will send it back.
Important note: you can't just straight out sell the stuff they're talking about, gifts of exploration/spirit shards/karma etc. Watched for an hour or so and they just keep going in vague circles.
For example gifts of exploration, it isn't as simple as just world comping and selling the two gifts, you also need 200 spirit shards for the bloodstone shard and about 140 for rolling the mystic cloves, a way of getting 500 obsidian shards (whether through karma or unbound/volatile magic), a gift of battle which needs at least 6 hours of wvw with all the track boosts and t6 participation and your dungeon currencies.
If you add all those things up, it's actually less profit/hour than the regular farms, but the reason they want people to do it, is because they buy the Gifts of masteries for 500g on the exchange reddit to make a legendary which has an added value of 100-200g. So yes you'll be getting 500g for your gifts after about 50 hours of doing things to sell them, but they will make another 100-200g on your back by just buying your Gift of mastery and then selling the legendary for more (or using it as commodity to trade among other barons) while they need to put in zero effort. Even though the gifts of mastery are 500g atm which looks like a big deal for new people, they are still massively underpriced.
So DO NOT SELL gifts of mastery, but craft the entire legendary yourself and SELL THE LEGENDARY so these people stop getting richer on your backs. Cheers and vote this up before people get ripped off.
This is fairly misleading and misses the point. Yes, you should not go out and farm Gift of Masteries to make money. However, you get all the things you need for a GoM while playing the game the way you like too, earning karma, spirit shards, and a map completion is a useful goal for all accounts.
My advice for people who want to be, as they put it, middle class. Do a single map completion. Play the game the way you enjoy it. Pick the legendary crafting chest from your loyalty chests. Sell 1 GoM to someone, these guys, your guild mates, me, it doesn't matter get your 500 gold. Then, use that money and the clovers you've been slowly getting for free each month to make your own legendary and sell it. Without much extra effort and playing the game the way you want, you'll have ~2000 gold without much actual investment or risk.
These people aren't scamming you, yes they're profiting a lot of money, but they aren't asking people to spend all their time in GW2 making gift of Masteries. It benefits everyone to just do it passively, and be mindful of the value your account bound currencies have.
@@fancypenguins Would be way better to first craft a legendary and sell that one, and then make one for yourself, cause like I said, you'll get around 600-700g profit from the legendary instead of the 500g people are offering on reddit for your GoM.
@@belgianht in an ideal situation yes, but I'm looking at it from the perspective of someone that is newer, and doesn't have the money to make that first legendary right away. 500 gold is great seed money to start your own money making.
I also want to really emphasize you don't have to sell the GoM to them. Maybe team up with some guild mates? Either sell them your GoM, someone you trust that isn't going to screw you over. Or maybe the opposite arrangement? Burrow the T6s or precursor money from a guild mate, sell the legendary and pay then pack plus like 5%? Just make a deal.
The takeaway I think these people were going for, or at least the lesson I'd want people to learn is to use those currencies and the people around you to build wealth, because it is easier than people think.
Wasn't gift of mastery account bound? I didn't see entire video but so far i only got that they pay you to upgrade thier t5 mats to t6.
EDIT: i found it how. I also don't think it is worth to sell it. I would rather wait until i get enough mats myself for full legendary.
@Sissue who would buy map completion for 230. At that rate you might as well just buy the legendary. Prob can get two
For some reason, this feels like a GW2 version of those "get rich quick" real estate class scams.
GW2 pyramid scheme
So to sum it up:
The most valuable items in the game are legendaries.
The most valuable service in the game is helping people to skip the time gating part of crafting legendaries.
The rarest resources are spirit shards and map completion gift cause they require actual play time, hence the time gating.
Avoid trading post at all cost, as much as you can.
After their internal market is exhausted, they are looking for new market(more players joining them and do trades their way)
For general players, you can evaluate the gold and resources you have right now to decide which step you want to take part in to build up your wealth.
It's cool to know gaining experience is actually critical in the process of making big money.
Thanks for the summary!
Now I understand these random dudes running around over the map, its him making videos.
lol
lmao!
lolololol
Xd
I LOLed really hard at this one
For this to be really aimed at casual/newer players you will need:
- more explanation of what the terms you use mean, aka what the t5 and t6 materials actually are, how do you convert them in the mystic forge, how do you trade gift of mastery and your map completion (??). where and how to 'sell' those spirit shards.
- more accurate info about time investment of all these things. all i got about this topic were a) "20 minutes clicking in mystic forge" which referred to changing mats from t5 to t6 and then "3 hours farm run". but no explanation what rewards/profit we're looking at for those kinds of time investment (even just a generalization) so it's hard to make any decision whether I want to invest my time in it or not
- explanation of how much time vs profit 'holding out' on those materials or converting them into precursors/legendaries takes. if converting all my mats into a legendary to then sell is going to take me a year is it really beneficial for me to hold onto all those mats for that long? aren't I better off selling for quicker profit? help people make informed decisions by giving some estimates considering time: how much time (per day, week etc) it takes to make a legendary/precursor and what is the profit vs the profit of selling instantly
So in generally more specific information and explanation of every step along the way for people who are either really new or really causal. As is, the video seems more aimed at ppl who already play the game extensively. Which, if that was the plan - is totally fine! I'm just pointing out (as a very very casual player who never really dipped into any of gw2 economy) how 80% of it was very hard to make sense of. I really only got 1 tip out of this whole video and that was 'finish your masteries because otherwise you are wasting the exp you earn and exp is a way of earning profit too'. That was super valuable for sure.
I can only upvote this. Didn't even knew what spirit shards are used for until I looked it up after watching the video. I have never crafted a legendary. Looked it up previously and decided that this is sooooo far out of what I can afford, so I just dropped the idea.
@@theIpatix I did the same, I just figured I'll never have the materials to make a Legendary so I just put it out of my mind. Mainly because I knew that at least one of the items you needed was a random drop or could only be bought for ridiculous prices on the TP, and that of course is the Pre-cursor. However I believe that now it is more easily attainable because of the Mastery System with Legendary Crafting, as far as I understand it, you can now craft the pre-cursors, so that at least gives me a fighting chance now. And I have been playing since launch, albeit casually.
@@Underleaf76 Yeah, I am aiming in getting those masteries first, just to make sure that I at least have the tiniest of chance of getting up there making a legendary. But for someone who hardly makes ascended gear, I am not sure if I am ready yet. Lmao
Underleaf76 Just play the game, do fractals, play some wvw or pvp, do events, do world completion and the mats will come. I'll made my first legendary from the ground with all achievements and all crafting. It was a grind but I managed to make it in a couple of months. Don't lose your hopes, it's not impossible.
Making thousands of gold is _never_ meant for casual or newer players lol. This video is about increasing your (already formidable) capital through market manipulation and market understanding.
What about this says "noob/casual friendly"?
Making this video "casual friendly" is like making a "Computational solid state physics for dummies" book...like that's not gonna work LOL
2 hours of fluff summarized:
Save, don't sell your mats, then build and sell legendary items. Skip the part where you build for them to maximize your own profits. Maxing XP helps.
This is full of great information, but it was a bit frustrating to listen to. This would've really benefited from the interviewees writing out their main talking points, along with concrete, specific examples, giving it a couple of editing passes, and then referring to the notes instead of trying to do the whole thing off-the-cuff.
Because this isn't a guide and instead it's a bunch of pretentious scammers sniffing their own farts and telling you to sell your spirit shards to them or join a guild that does, so they can make profit off of you.
It's like watching one of those pyramid scheme videos where some guy goes on about telling you his secret without ever telling you anything.
Honestly I've listened to this several times now and understand none of it but at least I found something to fall asleep to
After watching the full video, I'm still pretty irritated at how roundabout 100% of the discussion was, but some basic concepts managed to slip through the cracks of redundancy. Namely, Achievement points and spirit shards are incredibly lucrative to farm for, and that building a community of trading outside the trading post is to the benefit of every player, casual or otherwise.
Except you're missing the same point people in the real world miss -- the guy with 1.7M gold is not farming spirit shards and converting mats in the MF. He's trying to get *you* to do that so he can use his existing capital to profit from *your* labor.
The easiest way to make gold in GW2 is to open your real-world wallet. The second easiest way is to have gold already.
@@DdavidoffC Truth right here, he would not talk about it if he didn't profit from it.
@@DdavidoffC Truer words have never been spoken.
True, but this takes 2 hours your suggestion probably 10x the amount of time
@@DdavidoffC The point you miss is that its not parasitic, its symbiotic. They also farm. As you start, and continue, you eventually get to the same point these guys are at. Unlike the the "real World" there is no generational wealth, which means it was earned
An important concept that didn't get clearly stated is that that economies need churn - it's the movement of money and goods that produces wealth, and if an economy becomes stagnant, that opportunity isn't there. Whether the interviewees have ulterior motives or not, the gold game as a whole gets better as there's more action in it, so it's in their best interests to get more people involved.
1.5 million gold and he can't spring for a decent $20 mic
Its cause he spends all his time playing GW2 lmao.
If you have 1.5 mil gold you could easily RMT or trade someone to get a mic lol
Risk is too high, ANet surely watch closely for all top tier richest player.
@@Phenomatron and then get banned soon after..
Yes because no one every could just give someone something in a game and receive something out of game without a game dev knowing fuck all about it. You must think devs are omnipotent listening to every discord ever hosted.
I've gone back and forth debating whether I should comment as it certainly is not positive. But whatever, you at least should know WP. These people are the same people who exploited the WvW community. A community based on users with large amounts of spirit shards, and little gold. Exchanging these legendarys for minimal gold, and server transfers ( the server of course being dictated by these guys) They were able to manipulate mashups, and player volume to such an extent that we still the consequences of their actions today. I believe their actions is what prompted Anet to start implementing the alliance system, and also believe it played a significant hand in people leaving the game mode.
Exactly this. My server's WvW community is a shadow of its former self because of the nonsense that happened during the tournament. It's true that the fault may not be on them specifically, but people like them implementing those strategies played a big role in it. The guild that I WvW'd with died out shortly after the tournament, none of my friends (or me) play WvW anymore.
@@SamF1013 Please, i'm intrested. Could you explain more to me? I just restarted the game, and while i played long ago, my server was TOP, now... it's... eh. What do you mean this guys exploited wvw players?
Get ready for a novel, this is all I know. I haven't been active in wvw for about 5 or so years now.
In terms of exploiting WvW players, there's a long history with that. I don't even know all of the details. But some examples include:
Large servers like BG, JQ, SOS, etc. would use rich players like those in this video to "buy" guilds. And by buy guilds, I mean they would throw enough gold, legendaries, etc. at the officers of said guilds, and use gold to have all of their players move to a different server.
Too much of this caused other wvw players to change servers, due to their server's wvw dying out. There are many servers today (I want to say the majority of servers are like this, but I'm unsure) who have a completely dead and nonexistent wvw presence due to barons stacking servers.
The second way was summed up by D Cat rather nicely. WvW costs gold. A lot of gold. It used to cost a lot more than it generated. As back in the day, there were many things in WvW that sunk gold, and barely anything that provided it.
Examples of that include: The current "objective upgrade" system (free) was a "structure upgrade" system, which cost anywhere from about 5s for the first tier, and up to 2g for the top tier upgrades. It's important to note that 2g back then was harder to come by than 2g now. As wvw players didn't have any methods for passive gold income like they do now.
Blueprints were much more expensive, repairing gear cost gold, wvw players ate more food than pve players. All in all, there were a lot of small gold sinks in wvw at the time that pve players never had to worry about. Which was exacerbated by the fact that wvw didn't give you a lot of gold to compensate at the time.
Because WvW players gained a lot of xp and didn't have much use for spirit shards, and they desperately needed cash, their spirit shards were sold at rock bottom prices to TP barrons in order to fund their WvW.
Meanwhile, the barrons literally owned and controlled the market for legendaries and precursors, leading to massive inflation for those skins. For example, during this time I bought Zap for 1,400g. (Again, keep in mind gold was harder to come by.)
On Fridays, servers would even team up and have trains in wvw to farm exp/spirit shards. Zergs would run circles around a map and trade objectives.
--
What I'm refering to specifically with the tournament, is how the matchups were being rigged. The top spot was being fought for by 4 main servers: Jade Quarry, Tarnished Coast, Sea of Sorrows, and Blackgate.
The tournament took weeks, and depending on your server's population, where you placed in the previous week, how many points you got, etc. Would determine who you fought the next week.
Of course there were rumblings in the beginning of the system being gamed. 'If we place 2nd or third this round then we'll fight x server, and we can beat x server easy.' and so forth. All decisions likely made by the server leaders (tp barons) and the war council.
My server's wvw died for my guild and I when the two servers we were fighting teamed up on us. I don't mean a gentleman's handshake team up. I mean the enemy commanders (again, different servers) were literally in ventrillo together, one side would hit our keep from the north, and once they died the second server would hit us from the south and clean us up.
In a normal wvw match, it's not impossible to see something like that happen. But when it's the same few commanders doing it, and it's being done consistently over a period of several weeks.
I wasn't an officer or war council member of any kind. So I have no idea what actually lead to my server getting teamed up on for the entire tournament until they were eventually taken out of the T1 bracket.
But, there were rumors going around that it was because a few of our commanders refused to win trade. My server's wvw was never as strong as it was after that.
I'm sure people who have had a more active presence in wvw since that tournament would know of more examples. But for now that's all I know.
What's the purpose of transferring servers? What would the guild and the traders gain from this move?
Thank you for sharing, people should know!
I'm gonna be honest here. I have no real understanding of what these guys are talking about. Like at all. The only part that I understood is that I should work on and finish my first legendary and do lots of achievements.
Yeah they didn't explained themselves very well .. but here is the bulk of it:
Spirit shards atm are stuck in player's wallets when it could be used to craft weapons. You form your own community to set up trading deals, you offer gold and get spirit shads back (cause they are so hard to get). You can do the same with gift of explorations. To speed this up, and get some more money in the meantime, you do achievs to boost your account bonuses and run meta trains to get xp thus getting more spirit shards.
You form your own community and just don't join theirs because they have their own scheme set up and are not willing to let just anyone in. They would lose money that way.
Having competition ends up being good for them cause it keeps the market wealthy, so they can still make money, so thats why they want you to do it as well.
The mats you get are worth more than what you're selling them for. Imagine, T5 blood is worh 1s a piece, but if you craft legendary weapons and sell them on the tp/gw2exchange, they're worth 2s a piece. So instead of selling your mats you should be using them to craft expensive weapons. This brings us back to forming communities because crafting legendary weapons is tough due to the spirit shard sink, so you need help, people to buy spirit shards from.
Lets say you get 3000 Gold per legendary weapon, you spent 2500 on it, thats 500G profit. These are made up numbers but it gives you an idea why it ends being profitable. You spent 2500 gold on mats and spirit shards.
That's really it .. don't fool yourself into thinking you will be rich on your own farming xp. This requires proper setup and most importantly, friends you trust. All these deals you can get scammed on, so its important you build your own loyal group and start doing some business.
An hour 15 min in and I'm still waiting for an explanation SPECIFICALLY on how to convert my spiritshards. All I'm hearing is a general philosophy, no concrete entry points.
Finished the whole video. You're not going to get any specific explanation, aside from "use spirit shards to upgrade mats" and "be connected to other people." Honestly, this whole video is just them trying to sell their guild.
@@theperson101ful Really, dude? You went straight to 2nd grade name calling? /sheesh
@@swanofnutella4734 You use the shards to buy Philosopher's Stones, which are used to convert mats. The (mats you make - the mat you buy)/(spirit shard per conversion) is your value of gold per spirit shard
Oh boy, where to start with this....
A 2 hour long video with so much talking so less information. Everything is kept vague and stretched over a way too long time. Plus bad audio quality from people's microphones. Combnined with some useless gameplay in the background.
And at the end it all boils down to NOT use the marketplace.
What some players might not know or might have forgotten was that ANet explicitly created the marketplace to avoid scammers and being scammed. In GW1 there were so many scammers using for example items that looked like globs of ectoplasm, selling them as goe, scamming players of their money. And now we have these rich guys basically telling everyone to form or join guilds that avoid the marketplace. And the uninformed kids, that have worked hard for their legendary will now join some random ass guild to trade, put it in the guild bank and kicked they are and gone the weapon is. This could never happen in the marketplace.
Also the marketplace WAS explicitly designed to pull money out of the game. Millions of players playing, doing events, farming stuff brings too much money into a game. A trading fee is a nice idea to take away some of the ingame gold. Yet with players having thousands of gold and stuff (by not letting the money get out) it's no wonder that ANet puts stuff in the game for 50g here, 250g there. Like whenever there's a new map with a new currency, you can have a node for your home for 50g. Most players cannot afford that. Now if all avoid the market and all have more money, guess what, these nodes will be 100g or 500g at some point.
One really nice step at some point was that the new legendaries were account bound and not tradeable. And legendaries should be a lot more about doing stuff and playing the game and way less with using materials etc. Because that would reward the people interested in the GAME itself instead of those just hoarding money by avoiding game mechanics.
Although it might work with getting more money I can not recommend the methods of this video, sorry.
yep was a waste of time
Basically it is people exploiting/utilizing a trust system. If you don't have an existing trusted friend group or guild, pretty much all of this doesn't work. Granted the selling of spirit shards is a community thing that I've known about. They have a discord server, and if anyone cheats or scams, they police themselves and get rid of the scammer.
THIS!!! 💯‼
Kinda agree. They share what they share to get footsoldiers making money for them cause they are probably capped currently. They have a nice network set up to make money for them. It might be somewhat beneficial both ways but I dont feel like working for someone here or in the real world. You also don't need them. I have around 2k hours in the game, made 2 legendaries. From the amount of money I hold there was nothing in the game I wanted but could not have so far. It does not take a degree in economics to try and avoid an obvious money sink and you can look up guides and recipes for everything. Just be consistent with the game if you want something. I stopped playing actively for 3 years, but I still logged in. So many people can't handle money in even a game that anet has to make ridiculous handouts with the dailies. My friends did not do that, and after 1 week of nostalgia they uninstall again cause they see the prices and only see 14 gold +change cause they dont value mats.
One of the biggest issues here is that it requires you to gamble with the in-game message systems. Anet's policy is that anything you send/mail to another person is a one-way transaction; you are in no way entitled to a return of your sent items. That's a big risk that shouldn't be trivialized. Gonna see a lot of scammers as a result of this.
The true currency here is your reputation. I guess you can pretty much deinstall the game if you cross one of them in a trade.
That's why you only trade with trusted people. I have traded with the same people about 20x i just spend what i have which is silly of me cause i could catch up to where they are. He also puts up a list of DO NOT TRADE WITH. andthe people within the guild are super trust worthy :-)
happy farming! xoxo
@@ZexMaxwell yup! :-) if you needs to PM me to find someone who buys the map completions n such lmk :-)
I've done this method before and I only sell in r/GW2Exchange where you can see people's reputation, sold liquid aurillium for 2.1k mc, sell stacks of t6 materials every 2 days making 500g in 2-3 days
to be fair, if you have a trusted middle man, all would go well.
This "lets work together" they talk about... it's called a cartel. They didn't realize something new, they just do stuff that's illegal in RL.
the difference is that in RL, money has a lot of power to both improve and destroy lifes.
in gw2 it can only really buy some nice skins and stuff like that.
In RL cartels only work because the cartel can do things to people who undercut and/or there are barriers to entry that make it not worth it to undercut a cartel. In GW2, none of those apply. If you think there's a cartel making prices way too high, then undercut them.
I snort-laughed so hard when he said, "the middle class is missing!". Not at all like real life, rofl!
To be fair, that is a real economy argument. If you give more money to the rich, what they feel the playerbase is doing right now because they don't know, all the money gets stuck because they can only trade with each other or are just hoarding the money. If you give money to someone poor, they will instantly buy stuff and put money back into the economy and what that means for GW2 is that they become trading partners for the rich.
That is one of the reasons why some large real world corporations are for universal basic income. You need people that can buy the stuff you produce and in the long term it might be better for the super rich to give the poor a hand, losing some of their wealth but ensuring long term stability.
@@zomfgroflmao1337 so many don't get this though, it's just sick...
also, adding to this, ppl not fitting to "the current system" might end up being very expensive to deal with on the grand scheme and long term (slums, financial help, crime, healthcare) so it might be less expensive to open up the system and help them by default with their first tier problems instead of letting the problems get deeper and solve their high tier problems.
@@zomfgroflmao1337 If these guys cared one bit about the state of the gw2 economy, they wouldn’t be hoarding stuff. If they started selling their legendaries and mystic coins, these items would become more affordable, therefore shifting resources away from the wealthiest players and bringing them to more reasonable percentage of wealth. Most of the highest-cost items in the game have maintained or increased in price because people buy them and hoard them. And there’s a good reason to... for example, ultra-rare infusions(chak, confetti, etc) are generated more slowly as the content which generates them gets less and less play(which should almost always occur as new content draws the player base away from old content). And if you have the capital to buyout a significant number of them, you can - to some degree - control the supply, and in turn, it’s price. Moreover, as these infusions are the highest-prestige items in the game, there will always be significant demand for them. In my opinion, they are perhaps the safest investment on could possibly make, as they will only go down in value if anet makes them more easily obtainable; which, they would never do, since it’d send a bad message to the player base.
Or, you know, they could stop trading inside their closed communities and stop avoiding the TP taxes. If a 3000g legendary gets traded back and forth 5 times outside of the TP, a net 2250g would be saved that’d otherwise be lost to TP tax; and if you are a TP baron, you are likely doing a lot of trading, making that 15% tax all the more meaningful. If these TP barons could only trade through the TP, and had therefore be paying the 15% tax more frequently, then more gold would be leaving the economy, therefore increasing the value of gold, making in-game gold drops that the average player gets from, say, fractals for example, more relevant. This all works very similarly to how the real world economy works. The more money that gets printed and circulated, the comparative value of that money decreases against goods that aren’t experiencing fluctuations in supply. So if wages for the workforce aren’t increasing at a similar rate to match inflation, then they’ll be earning proportionally less, as the money they earn becomes less valuable.
@@zomfgroflmao1337 so very true
@@ForComments-k7t yes, its actually much cheaper and also more efficient way but some ppl just dont get it. Besides richest ppl who dont get it and only think how to make them selves richer or rule over everyone still pay for this bull shit the only difference is not directly thats why its harder for them to see that.
Oh, that's why the legendary weapons still so high price, the individuals group into a guild and store up all the legendary weapons and fix the price for it.
@elviade thats litterally what they're doing. stop lieing.
@@MsMoonDragoon Even with low-volume commodities, what you're saying is extremely hard to do, not to mention and risky and ineffective. This is coming from a moderator/contributor to a for-pay GW2 gold guide website/community. If you want to make real money in GW2, you diversify widely and thinly across as many different commodities as you can until your hand is in every cookie jar. Spread those buy orders, buying only so much as will sell in one to a few days, depending on velocity. Reinvest your returns so you can cover a bigger percentage of the market. You will get steady, reliable profit. and you won't care if some shortsighted morons with get-rich-quick delusions attempt and fail at cornering a market. Unlike them, you will be immune.
Lol you make it sound like a monopoly. It's not. It's supply and demand.
Interesting video that I may be able to take a couple things from...even though it really felt like every time you asked a question, your interviewees just completely ignored it and talked about whatever was on their mind at the moment.
To be honoust I listened to this vid 2 times and they actually give nothing of value that adds to the "how to make gold" part of the video's title. should've rather called it: " chatting with rich traders that know how to make gold"
This hits every single note of an MLM scheme pitch. And while I don't detect any straight up fraught, there is little to no useful information here for the 99%, but it's just an ad to come and toil in the Legendary factory of the people who play the economy well.
In the end it's just like real life: There is no easy way to get rich.
Apply yourself, think outside of the box, make use of everything you have access to and just be lucky. And of course, wealth begets wealth.
2:50 "...intelligent people watching right now... are gonna be cynical"
Did you just call me stupid? I'm poor and I want to believe, ok?
i would like to see a video of you going through your items and shards with these guys , and going step by step what you do with what mats
@@johb3930 See Rui Ribeiro answer to Daniel Krieger above
Hi guys been playing this game since launch. I play about 6 hours a week at most. Never really cared much about the money, never made much. Never cared about legendary items it's a ton of work for no reason and I only work if they pay me. Still got tons of fun, adventures and so forth. If you're really willing to spend 50+ hours playing a game, is it really a game or did it turn into a job? Eh I'll leave it there. Cheers o/
Is there going to be a followup video about Canthan Timeshares too?
a rich Vabbian Prince wants to know your location. Send sapphires now
So, they need our spirit shards so they can make more money?
You're not realistically going to use up 20,000 spirit shards. So you can use 140 of those spirit shards to do T6 conversions for them and get paid 60g for that. Basically use the spirit shards you need and then "sell" the excess for 60g per 140 and profit of that.
20,000 spirit shards is 142 conversions. 142x60=8,520G. (Not bad!)
If you're not 300 MF there's a chance they buyer will let you break stacks of ectos if you have a silverfed as well.
Yes, and you'll make more money too. Win win, yeah?
@@Doing_It_Wrong does mf affects ecto salvaging?
@@chriscorona1813 actually what he means is. If you don't have max mf, they will give you ecto to salvage so you can get more mf.
As someone who was skeptical of trade deals with [TP]. There is no risk of losing gold if you're doing deals for [TP]. Especially if you're doing T6 conversion with spirit shards. After just 3 weeks. I was in profit ~1,200g just from doing T6 conversions for the guild with minimal effort. Basically just semi-afk at the forge while watching TH-cam and Netflix, Editing Videos and eating lunch.
You never lose gold. The only risk is not making as much profit as you could if you ran the trade deal yourself. Either way, you're still profiting masses of gold. Except if you run the deal yourself, then you do risk a gold loss if your trade deal fails. That's why you let [TP] run the deal, and make 80% of the profit you would if you ran it yourself, except you have 0 risk of losing money.
I don't run my own trade deals. I just help supply [TP]s trades and they pay me for those mats. (Spirt Shards, Gift of Mastery, Mystic Clovers) making me a profit. However if I wanted to. I could use those Mats myself and run my own deals to make even MORE profit. But that comes with a small risk that I personally just cant be bothered to deal with at this time.
It sounds sketchy. But you make heaps of gold and it's legitimate.
"It's not that hard to go to the TP, make a couple thousand gold", he says.
Sure, but I just find it mindnumbingly boring and a chore.
Well, they didn't say it was boring, only that it wasn't hard :P
I've been playing since launch and the most I've had in my bank is 2000 gold. This was interesting to listen to, some of it felt like a pyramid scheme. At the start there was talk about time and how a 20 minute clicking session could net you gold, but later in the conversation things like farming and map completion come up which take way longer then 20 mins. I don't think what these guys are doing/talking about would apply to casual gamer and maybe that's why there is no "middle class" the ratio of casual players vs hardcore players like these guys has a huge gap. Interesting insight. Just the fact they call themselves barons does not sound right.
yea it's funny that people complain on the forums about Anet giving out too much spirit shards, and they don't want or need any more of them. instead desiring other rewards.
if you play the game the so much that you hate seeing all the spirit shards in your wallet, eventually any reward that Anet gives will become the same situation. because players are hoarding instead of making good use out of stuff Anet gives for free, just for playing the game.
but what this video and these rich players are telling us, is that these spirit shards and other in-game rewards (including achievement points and map completion) are long-term creators of wealth. it's just that most people really can't see that far ahead or connect the dots or willing to go through the effort.
@elviade
That's exactly me. I have thousands of spirit shards and millions of karma, but I'm just too lazy to use them. To be honest, I don't care about gold. The gold I win with my fractals/raids or what I do in the game is enough, and you drop enough ascended gear for all your character without spending money. And I don't care about legendaries, they don't have better stats so they're useless.
Millionaire ..., I have trouble getting my 250g together to afford a griffin, though I'm just a casual without a guild who works on the ascended gear of his second toon. At least I'm enjoying the game, most of the time even though I'm running through the areas without having a plan of all the mechanics and stuff
Same.
(Except for things like Halloween I can normally farm about 500g but I am also horrible at managing my in game money so I tend to lose that 500g rather quickly.)
Same!
well, you are me and you are the 90% of the gw2 players :D
At least with the griffon you can do it 25 gold at a time
what is misunderstood here is that you don't have to sit infront of the trading post/guild bank all day, you still go about injoying the game but now instead of letting currencies that you ignore go to waste, you now are making use of them, currencies that you earn by doing what you love
Hi, Raymera here, even if here and there they pay it forward or give people deals...if they are sitting on millions of gold just as an achievement or bragging rights, that's very pointless. A million gold in your wallet is a million gold not being used for something or buying gems exclusively without buying them ever. Anet's business model is to have the trading post (and the entire game for that matter) be a gold sink as an incentive to keep playing and earn more thus keep playing. This means Anet is no longer making money off you, the client. Some might scoff and say "well good! I deserve it" and they are missing the big picture. Businesses in any industry all need to make money and we ALL love a deal. So, dare I say you've stunted some of their income flow? Theoretically, if we all traded with each other and not with ANET (trading post, buying gems) they'd go out of business very fast. They think they are working the system but they're really gaming the system, it hurts ANET. Also, be careful since this is a TH-cam video and WP isn't exactly unknown to them; they'll be all over this now if they weren't before and might eventually adjust everything in-game so you could never make money through any of those methods anymore. For everyone else, if you have under a hundred gold continuously you are not poor so keep having an empty wallet, because you're contributing to the life-blood of the game. ;)
Havent played GW2 in 1-3 years but i just got tricked into watching a 2 hour business seminar...
I find it quite interesting that I am casually doing many of these things for years already (my guild is always joking around that I am wasting money by buying the living story 4 "empoorments" as soon as a map is released) without understanding what I am doing. I only have known that it works ... the only thing I am missing is the vitamin R so I use the tp instead.
"300,000 gold, at that time, was a lot of money" well that really puts things in perspective.
" I only had about 500 gold"
meanwhile I'm crying cuz ive never had more than 11
that's just impossible.
@@akhsdenlew1861 it is possible, i was playing a lot for months with no gold earning, lol
@@hayimemaishtee every day the game gives you a net 2 gold when you do your daily achievements, most newbies do them accidentally by just doing casual stuff
I hear ya! I can't get more than 5! I get on game and do maps...the hearts, hero points, and POI and sell stuff at TP once in a while usually equipment I can't use. Boggles my mind that they can get that much gold.
@@hayimemaishtee but you get gold by simply existing inside the game.. not matter what u do, u will make more gold than this.
u can't play this game for months and not have gold.
it's impossible.
Gold is coming automatically to you by doing nothing..
exactly why i stopped playing , could not imagine how to make enough money even just for 1 legendary.
My first leg took me 1 year and my 2nd like 3-4 month (with breaks) .And the best brainless way to make gold is boring as hell
Major Dullard this is like saying. I never drive across the country because i saw how many miles it was. Or. I never climbed a mountain because i saw how high it was. Screw the feeling of accomplishment after such a journey. Dont play mmo’s if you cant grind fir gear. Go play diablo or something mind numbing
Same here, this is meant to be a game, a way to de-stress and have fun, not a second job! This whole mentality of having to grind for years is beyond belief.
i still dont have a legendary up to date, i still play, but for fun, not to farm, i left wow because of ti lol
I've been playing since 2012, the most valuable item drop I ever got was the minstrel precursor, which was less than 100g at the time.
TLDW; Using spirit shards to convert mats, inner community of trading / selling your use of shards. And selling world completions.
Ill just enjoy the game and make my gold like every other player
Great topic, WP! So much of this blew me away. There is another level of play most people aren't engaged in right now. I'm not dedicated enough to connect with this economy myself, but would definitely follow a trustworthy person who can lead well and teach others - these guys have all that. Thanks for covering this fascinating angle to the game. I'm ready to farm my brains out - not for gold, but just for the crazy fun of it.
So basically I should trade outside of the Trading Post, with total strangers or by joining a guild...
If socializing with other players on that level is all it takes - then I guess I'm just not cut out for getting rich.
Sounds like MLM eh?
Is this a business seminar?
Pretty much
yes
if you can translate the theorycrafting in this video into RL you can potentially become rich IRL. IMHO
I feel like WP just tricked me into attending a business seminar.
@@Hejapanable Write it on your resume ;b
What I like about this is that it's pointing to a more organic, easier way to play the game that seems to be (and that's most definitely at least partly an accident) something that ArenaNet has genuinely thought and designed into the game . I actually started the game a new after a little hiatus and I made a decision to do some grinding and actually build some capital. Nothing as attention requiring as Fractals or dungeons but just map comp. One point is node foraging, another is BLC keys as comp rewards. I also love the fact that there seems to be a genuine reason to farm "things" rather than money. You *keep* things like mats and use them for something instead of just using TP to filter them into coins. That's what I loved about the first game. You farmed something specific instead of just thinking how many platinum you had in your bank. Obviously money is the end goal here and you can't very nicely farm specific things like fine crafting materials that easily in GW2 but it's still a more "entertaining" way to farm and build your wealth I feel.
i have 40g XD and here they are talking about hundreds of thousands of gold.
34 ;-;
I have 9 ....BUT I NEEDED THAT SKIN :'(
After being in this level myself, without playing for the entire summer (just started again) I finally made it to 120g.
Get the expansions. Not the deluxe or ultimate, but it is wrong to aim for end game stuff (I am going to create a legendary) without having them. I have seen at least a 150% increase in my income after I got the expansions.
I get 40g just for fractals daily.
Key point of observation about the discussion. Character reputation is another type of currency. In their trading market, its built on the number of transactions. In WvW, a skilled commander builds that by constantly being visible on the battlefield (commander tag). Within a guild, its built on player loyalty and participation. And in your case, Mr. Potato, its built on the visibility that you bring to yourself and the game. Consequently, this results in trust in the future and that's a worthy investment as it means growth - people will be more flexible in negotiations on their trading market, a skilled commander will have more followers leading to greater map control which has rewards, a guild member gains better access to guild resources and rank adding to the ranks more resources, and some of your followers, who are savvy investors, reached out to you in hopes of bolstering the in-game economy with info leading a resurgence of player base (and middle class) and also as another source of spirit shards.
Yeah, it’s the spirit shard thing all over again. They sound really profitable in principle, but in practice are far less practical to liquidate at a strong profit. The most profit you’ll make from them involve converting spirit shards, materials, and dungeon tokens, into various prestige exotic skins; or, with a bit more time consumption, legendaries. The numbers look good for the spirit shard conversions, until you realize that the conversion numbers don’t take into account the other currencies involved. That exotic skin you craft isn’t just spirit shards, but also dungeon currencies that you’ll need to farm, as well as obsidian shards. This issue gets magnified when you discover that, if you want to liquidate your 10k spirit shards, you’ll need to be crafting and selling hundreds of these skins. Hundreds of skins = tens of thousands of dungeon currency. There’s also the issue of selling the skins. If you want to turn the biggest profit, you’d be wise to sell it at the upper values. Problem is, if you get greedy and overestimate your sell order, you could either 1) end up waiting months, or even years to sell that skin, or 2) have to pull the order and lose 5% value from the sell order tax(which is a huge deal, considering the profit margins are often pretty tight). These issues also apply to legendary crafting, where you aren’t simply converting spirit shards to profit, but also gifts of exploration. Farming those is both really time consuming, and not particularly enjoyable.
Reflective summary: Do I think they offered to create this content in order to profit off of people scrambling to liquidate spirit shards? I’d be inclined to say no, as I’d assume they are happy enough with how much gold they already have. However, I wouldn’t be surprised if they’ve invested heavily in various conversion mats with the expectation of increased demands for them. I didn’t watch the entire video and skimmed through about 1/2 of it, so I can’t say for certain how much of my interpretation is valid.
Honestly, if you want to make money, understand that it takes money to make money. Make long term investments in the TP based on speculation. Read patch notes as soon as they are made available, anticipate how they may affect the economy. Play living world seasons as soon as they are up, see what resources the new maps provide, including new cooking and rune/sigil recipes, anticipate how these new additions could affect the economy. Take advantage of festival events, make smart investments of the goods provided by them. Most importantly, understand that the people who drive the economy are often those who play the economy the most. These people will often be making similar speculations, and are a critical part of whether or not your investments will end up succeeding. Oftentimes, investments become highly valuable strictly for this reason. Rich people will anticipate rising prices, invest heavily, and drive the prices up. Similarly, when the prices start to peak, they’ll start to sell their stockpile, and crash the prices, so the safe bet is usually to sell things sooner than you think you should.
Here’s an good example of what I did recently to turn some profit: When the very first announcement was made stating that cooking was going to be changed and give some attention to less used cooking ingredients, instead of immediately buying tons of low cost cooking ingredients when everyone else was, I waited about 3 months until the prices normalized. Then I dropped a couple thousand in some educated choices for cooking ingredients. When the more recent announcement came out about “ascended cooking”, instead of holding onto the ingredients I had invested in and wait to sell them when the update dropped, I sold them a few days after the announcement as other investors started pushing money into the ingredient economies. Most of the ingredients I invested in I sold for 100-1,000% of their original price.
Another quick note: if you want to make money, don’t freaking do what everyone else is going to do after watching this video, and start trying to liquidate spirit shards. I have no idea how much this video will influence the various conversion rates, but I can guarantee there’ll be a lot more conversion skins on the market, and without very much demand for them. Don’t get caught with your pants down, trying to sell a bunch of skins you’ve just crafted from your spirit shards at the same time everyone else is. In general, don’t make speculations or investments based on speculative effects this video could have. Sure it’ll affect some aspects of the economy, but you’ll be swimming in dangerous waters with so many TP barons likely having already planned around and invested based on how this whole thing will pan out.
I’m surprised they didn’t try to pull the “oh and remember all those one-per-day ascended ingredients you’ve been crafting but not crafting into deldrimor ingots, spiritwood planks, etc., and selling?” That’s a big bubble just begging to be popped.
i think u kinda didnt get the video
watch it again
@@hyra8891 I mean, what did I miss? From what I understand, the emphasis was on the value of in-game currencies other than gold, and in particular, spirit shards. I basically watched until they got to talking about how they made their money, and then skimmed the rest. So unless they saved the important stuff till 30+ minutes into the video, I’d assume that I hadn’t missed anything very significant.
You missed the point bro.
@@bran339 i rly think that u truly missed it. I suggest watching it again because, they not only talk about converting but trading and value of sertant items and offtopic: even the point u made right now with the exotic weapons and stuff idk what u talking about but spirit shards do convert to gold via converting t5 to t6 or crafting weapons with eldritch scroll to later sell it on the market go to gw2 efficiency it tells u everything
@@Sozank96 19:56 What information did they bring forth for making money beyond converting currencies to gold or joining item trading guilds to avoid 15% tax?
Also, you can't just say "you missed the point" and not illustrate what it was I missed.... If there was some overarching concept that this video predominately focuses on that could be described as "the point of the video" then shouldn't it be simple enough to write out in a sentence? Like come on dude, you don't show up to a discussion just to say "Nah, you're wrong."
*Casually shows up to respond to a comment 1 year later*
If I was part of the 1% I'd waste my money driving up prices for dumb items
Just utterly insane..... but I think in listening the concepts he discusses are spot on (I mean obviously man has more money then anyone else in the game lol). I appreciate this longer take and hearing his thoughts and your reaction to it WP.
The main issue with not saving materials is inventory space.
make a pack mule slave character
Towards the end I was getting the feeling that I'd get my kneecaps broken if I didn't meet my spirit shards quota
Speaking about Guilds.
I joined a guild, and it kicked me out, because I was not giving all of my liquid karma or rep to them, which I was using myself for my own little guild.
My friend who joined them, gave them all they wanted, and he still got kicked, because apparently, he was not generating enough money for them.
This guild was also marked as a Social Guild for helping people with puzzles, group events and such.
I've been thinking about this sort of thing, both lately and over the years I've been playing GW2. I've been on since what, 2013, 2014? And noticed a few things about the TP these guys have mentioned. I was also trying to think of a way to make gold, and I agree we need more of a ”middle class” in GW2, as of now we don't have that. I'm genuinely interested, and it seems legit, and ethical. It being ethical is as important as ”making gold” for me. Thank you WP, and to these guys for opening up.
this is the kind of conversion Rich people usually have, you think thy sound very interesting but you are far from getting your hands in it in a meaningful way at least.
WP was very sarcastic on stream today and is sarcastic in the title aswell 😂😂
Looking through the comments I think a lot of people are missing the broad lesson here. It's not just about making the most efficient use of your mats/currencies. The main way they have found to 'get rich' is by pooling resources, forming a guild and working toward shared goals. Their collective ability to influence the market is far greater than any individual's. Sure, if you want to solo you should probably make legendaries and sell them if it makes no difference to you what content you play (just do map completions and a lot of wvw). But the bigger lesson here is that your guild should work together to make bigger moves than you'd be able to alone.
Please make a video of you applying what you've learned because, personally, I have zero clue how to put this in practice.
Just a thought: GW2s economy produces its gold out of nothing (mainly gem-gold, junk drops and daily quests). There is no debt system that inflates the available money. Those guys are in theory a huge gold sink for the economy that keeps inflation low. BUT there is so much gold on those accounts in assets (legies, MCs, infusions, etc) and this gold is already back in the economy, so inflation is low DESPITE their workings. Sometimes i wish i knew what prices would be if anything bought off the TP would be accbound after and we could see the real demand on ressources.
Honestly, every time I listen to these folks talk about how they make money it sounds more and more like a pyramid scheme.
Thank you very much to all involved in the Video, its been an eye opener and will surely help me and my friends generate more gold for our small Guild!
Thanks for doing this, I really learned a lot about an economy I've been interacting in for years. I think this is the most sincere rich person summary I've ever heard. That said, there would be a twinkle to my pitchfork if Anet capped the number of transfers into and out of guild banks every day ^^.
1:41:42 these people are absolutely trash at explaining things. WP is asking them specific questions and their answers only come in the form of examples that require some level of insider knowledge to understand where they're coming from...
I get what you mean. They tend to elaborate on the goal and nuances of an answer but blank on the context and process.
Issue with that is that as soon as you give an example of a way to increase value, people have a habit of jumping on it hard or getting too greedy and destroying all profit previously available by killing the margin.
I've given advice before and people blindly do it and end up losing money because they try to throw 20,000 items into a market that only consumes 100 / day.
@@DWMI The answer to that is to provide quite a few examples. That way people have a base to build a consensus off of, rather than being left a conclusion with no plot. Maybe a few of those examples tank, sure, but at least the idea is properly communicated.
Yeah they're not great at explaining. Teaching something is definitely a whole other skill compared to being good at it yourself, as you need to be able to a) put yourself in the head of someone who doesn't know any of the things you do, so you don't gloss over important details and concepts, and b) be able to explain it in a way that makes sense, which means breaking each concept down into simple terms and, more importantly, explaining how all the concepts fit together.
@@Razor4884 No, people jump on the first one given and market blows up. Giving direct advice doesn't work unless you understand why it works in the first place.
If you knew why it works, you wouldn't need the examples at all. You'd know where to look.
so insider trading...
runescape had this problem back in the day
Very enlightening. And now im excited. I've been casually playing and have my own amalgamated farm with some events thrown in to maximize my time in a 2 hour after reset window. To think i can actually be not as poor as i thought. Maybe ill step it up to 4 hrs with that ls4 event farm they have been talking about. Ty to all the barons for showing a few cards.
I have two big questions tho:
1: They say they want to poor folks like me (sitting on glorious 30g) to become richer so we can become part of their trading machinery. However, none of the methods they mention actually generate gold. They are all about redistributing gold, hopefully to the players using their methods (and, ultimately, to them). But this gold has to come from somewhere. So by creating some players with some more gold, we have to either take that gold from the richer people or make the poor ones poorer right? Am I missing something?
and 2: Im just a f*in casual player. I dont want to create spreadsheets or think about what I do too much. Hell, I dont even like crafting, like, at all. I want to logg in and kill some mobs, do some events, work on my masteries, play the story etc. So, what do I do to gain some money? I can't do the spirit shard thing as I'm not even close to have my masteries done. And crafting a legendary is something Ill probably never achieve. I don't need to earn thousands of gold, but some gold would still be nice ^.^
WP, I do wonder what the dev's think of tactics like this and I'd love to hear their opinions about it. I won't presume to know if you can easily contact them or not but if somebody could it would be interesting to hear what the other side's opinion is of all this. -Raymera
Despite all the self-aggrandizing and obvious covert motives, this was a really discerning case study of the GW2 economy. Colleges should offer a introductory course called "making money in video game economies" that offers tangible insight on the interplay between economic factors. Fascinating stuff!
So basically, I have to use shards to buy items for an MF recipe to convert my mats to rare. Find a trustworthy guild member to buy it from me without tax included to make a profit. And never insta-sell or buy from TP.
So I am both confused and intrigued by this apparently grand system of trading that goes far beyond the trading post ingame. Although I don't have the intention of becoming the wealthiest of the wealthy, it is a nice feeling knowing that simply doing what you like ingame can net you a good amount of high-demand materials, like spirit shards, to put it simply. I will most probably take a closer look at their discord and the GW2 Exchange Reddit, as I kind of can see experience-gain in areas of the game I like as an ingame sidejob to make some extra gold. Thanks to all of you for getting together!
*Me:* *Sees Video*
*Also me trying to get a legendary:*
*Write that down! Write that down!!*
They are also perma banned for duping.....so 'richest player' by hacking.
I’m more interested on how potato changes mounts using the scrolling interface. How do I get it?
He made a video on it, just google gw2 mount wheel and the video should come up
Thanks to these guys for sharing their info. Kinda sucks that they make a lot of assumptions about what we know. Kudos to WP for clarifying as much as he could, but even still a lot of it went over my head, and I've got 8000 hours in the game. One question I'd ask is: how do you do the mystic forge recipes for converting mats quickly enough to make it worthwhile? Between buying all the mats you need and manually putting the MF forge recipe in one at a time, it seems to take a LOT of time. And that's the kind of fundamental thing they didn't really address.
46:02 I had to check every discord I was a part of until I realized that was in the video.
So I see a lot of somewhat paranoid comments saying these guys are big-braining people to get them to fork over a Gift of Mastery for cheap. Yeah these guys are real geniuses. They tell people to stop selling their mats for so cheap and use them, even though they're some of the few with the capital to vacuum those cheap prices up, and then to try to trade your GoMs and spirit shards to your guild mates when possible.
No, what they're saying here is they want you to sell your Gifts to get a handful of starting gold so you can begin to utilize other people's services to make even more gold. They want you to avoid selling mats you're going to use anyway to prevent the TP tax from double-dipping you. They're actually gimping their hold on the cheap mat market because they can see that the current way we're doing things is bad for everyone. If more people had more money, the barons would benefit, yes, but so would everyone else.
And are these guys going to benefit from you selling your GOM on the subreddit? Certainly, but no one is forcing you to sell it. They're basically offering you service to convert your playtime into gold for something you may not even care about (I personally couldn't care less about making a gaudy legendary). That's trade! You get something you want and they get something they want.
Just like in real life, money doesn't need to be the "root of all evil" and beyond the understanding of the layperson. *It's a tool to facilitate trade.* And these guys want more people to be richer in general so more trades can happen, which benefits everyone in the long term.
We need a follow up on this video, everything is very vague and confusing. is there a way to let them explain it better what actually happens?
Very interesting, even if I won't put most of this into use, thanks for the video.
I watched this video a while back without knowing anything about the trading community, but now after a while I'm starting to see how they operate.
The trading community is not bad itself, and you shouldn't avoid them, but they want YOU to join because they can make money off YOU. You need to really pay attention to what you're trading and know what you're doing. Most deals on trade will not work in your favor, and people watched like hawks for a good deal if some newbies walked in not knowing their worth.
Take legendary weapons as an example, selling gift of mastery is going to make you 500g, which is barely nothing considering how much time you have to put in to get it: world completion, wvw, dungeons. They get to make legendaries for cheap, keep its price down, and profit from it. This whole video feels like a propaganda.
With that said, they do provide some really good tips on gold making, but you should really do your homework and think for yourself.
Now an actually up to date guide :P
They are talking about thousands and millions, I’m always hovering around the 20g mark hahah
If you're using gold to buy things you like then you're having fun!!
Because I feel like unless you're not doing anything in the game other than roaming you are bound to get gold (with some base techniques like selling at TP )
Have fun!! Don't listen to these ppl
Hold on a minute! Aren't they basically inflating the value of gold by hoarding T5 / T6 mats and leggys ?
So essentially in a few years wouldn't a few thousands in gold just be worthless ?
yuup
Congrats you found the actual goal of their scam. It's always the same with this shit. Just playing the long game and ripping people off. This is just WoW Gallywix all over again. Just sell your spirit shards to these guys, so they can literally print gold and then at some point pull the trigger and sell it all for real life cash.
This has really lit a fire in me. I dont know if this is what I needed but it deftly made me want to play longer
do real life work for a few hours , buy gems to gold. aint got no time to waste on grind anymore
I was thinking this same thing. These guys must have no life outside this game, especially not real life jobs. Two hours of work in my real life job I can use that money to buy 8000 gems, convert all to gold and have roughly 2000 gold. Buy myself a legendary with it....boom.
Problems with tp barons is the artificial scarcity. Seeing an investor filled tith mystic coins, 10000 's also means the market is skewed. It's a reason why I left the game and leaving my goals of attaining a legendary character. The fact there is no reason to finish the character also means me no longer supporting Anet. It' s mostly a loss for the community seeing the middle class generally pays the game. Not the 100-200 ultra rich ppl.
You stopped playing because someone in the game is rich? I don't get that
Literally go watch any economist and this is what they are teaching you. All of this is economics 101.
I would be very interested in that shout out to Boots, what builds are they talking about and I really would like to see/hear Boots reaction when he hears of this. :D
Yeah, I would like to know specifically what they use too.
Same!
@@Razor4884 My guess is the scourge necro 'how to make friends and trivialize content', but that is just my guess.
He said Deadeye, so that's definitely one of them. I don't remember which build that is off the top of ,my head though.
The minionmancer is for soloist. The boots builds are gunna be deadeye(mentioned) and most likely the sustaine engineer. Because they do talk about one of the runs needing sustainability. Considering they do ls4 map farms. Any build they pick from boots’ will be group oriented.
Hey Potatoes! A bit off-topic but I've been dying to know what pants and chestpiece you're using on Issa. I would love to get them for my engineer!
So the real issue here is these guys are saying, "Anet put a system in for players to make money but they haven't caught on how to use it." I don't play MMOs to be an economy shark or a stock broker, I play to kill monster with friends and have fun.
Yes!
tl;dr
- Things like spirit shards and gift of exploration/mastery can be indirectly sold for good amounts (~500g for a gift of mastery!) by trading the things they craft into (spirit shards used to refine T5 mats to T6 mats, gift of mastery used to make legendaries). A discord link is in the description to get started on that.
- Good place to start is world completion then crafting your first legendary to give you a sense of what things are worth.
- Because of the huge value on spirit shards, getting XP is actually pretty worthwhile so don't feel like you have to spam the single best gold making strategy because there's a huge amount of content out there that translates into big profits if you learn how to use the resources.
*those guys rambled a lot with a lot of business jargon haha, good work summarising throughout the video WP ^_^
A version of this with less "rights" and general faff would be more productive to everyone's overall goals
Thank you for this video. You opened my eyes and gave me the tools to bring my gold income method to the next level :)
The game has taken a different shape for these guys, it has taken on a new meaning for them, the "fun" for them is running black markets and working out trade deals. Just simply playing the game as intended was not enough for them, they have evolved in a sense. Not my cup of tea personally.
loved the part where he explains how he supports a side with weapons so they can fight for his interests sounds so familiar...
I’ve peaked at 4000+ gold before I left the game in 2014. Just realised that’s not even middle class.
Playing the game for some 6 months and I have some 50 golds probably another 50 in assets.so this is basically below poverty line 😂
Can y mail me that gold lol xD even to reach 100g need couple of days for me
Certainly middle class. Just view those guys as billionaires, so 4k gold is still highly above average
@@ghifarik335 You can farm gold in HoT events,100 gold in 2-3h. People usually farm 250gold in 2-3h. (I dont have enough mastery for it)
@@jinofhell For folks like you, MAKE SURE YOU DO YOUR DAILIES! 2g every day is a lot at your level, and it'll allow you to gear up to handle the various other farms in the game which will help to ramp up your gold count.
That is business talking! :) Nice video!
I thought spirit shards are worth for converting t5 to t6 but I clearly didn't get the whole picture of this process until this video came up. Now it is time to rethink my gold making stategies...
if you ever get the chance have a listen to Xushin's talk, it's truely amazing
so your telling me that the 4 gifts of exploration I have in my bank have gathering dust and the 5,830 spirit shards I'm not using can be converted in to gold? nice LOL
Same
Gift of exploration is extremely easy to convert to gold. There are literally only three other account bound mats: dungeon gift, gift of battle, and obsi shards.
Basically buy everything you need to craft a gen1 legend (borrow money from guildmates if needed), sell the legendary, pay back your guildmates, and keep the profits. Most legends can be sold at 500-1kg above their crafting cost. Use that profit to craft another legend, then sell that legend, etc.
@@capebarat4961 how is it easy to convert to gold lmao
@@hayimemaishtee craft a legendary and sell it. It comes down to about 1k gold per gift of exploration. Ofc you need some other account bound items like the wvw gift, but those aren't hard with potion dailies. The most "expensive" item is by far, the gift of exploration
I am not spamming the toilet, until it can create in bulks. That thing would destroy my mouse.
that would be a great QoL change, and I don't see how it could damage the game.
when i was preparing mats for mjolnir i downloaded an auto clicker, even then it took a lot of time
Best Documentary I have ever seen, kept me 2 hour on the edge!
"Several points made in this discussion genuinely blew my mind" Holy shit, like what? GW2 trading subreddit? Gifts? Trading stuff between people without tp? This is such a waste of time. Could be a 20 minutes long video. I really don't need to hear you make gold by playing the game overtime or doing raids, fractals etc. No shit. This is just a bait for people to start selling GoM for 500g so you barons profit from it.
I mean its basically the equivalent of a real world pawn shop. You go in and they'll give you £200 for a £800 ring that you'd get £500 for if you sold it privately. But its quick instant cash when you need it. Dude was quite honest that he doesnt want to make people as rich as him, he wants to create a 'middle class' so theres more people capable of doing business for him. Thats what all business and economics is
B-b-b-boots shout-out! This has been incredibly insightful. Thnx for brining this to the attention of regular players.
where is his info?
This is exactly how the economy in Path of Exile works, just minus the underpinning of Gold.
POE is quite a bit different than gw2 in that the currency is also what you use to craft items, there is no gold in that sense in poe. One of my all time favourite games and also one of my real life money sinks too, which in it self is weird for a free to play game;)
@@pantsmarshall1 What they're talking about in the video is that they have used crafting materials as the new fiat currency for their own economy.
@@Spahrizard Ahhh right yes i understand now what you mean. They use mats as a bartering system, because of the limitations the in game TP has IE a max limit on gold you can bid and some infusions now cost more gold than the TP allows according to Xushin. Difference though in this respect is POE is built apon bartering - GW2 is not. Otherwise why have the Trading Post to begin with.