500g + 48 days = 1 Million Gold? (Guide)

How did you get here?

From Gaia Guides & Resources	30.2%	[ 891 ]
A friend linked me.	11.8%	[ 349 ]
I searched some key words and found it.	10.6%	[ 312 ]
Redirection from Teh Hoarding Guild.	1.9%	[ 56 ]
Redirection from Solution to a Problem.	2.6%	[ 78 ]
Redirection from The Profiteers Guild.	2.2%	[ 65 ]
Redirection from The Newbie Support & Training Guild.	0.7%	[ 22 ]
Marketplace link/banner/other advertisement.	9.1%	[ 267 ]
By stalking Jace.	9.1%	[ 267 ]
I have no idea how I got here.	21.7%	[ 640 ]
Total Votes:			[ 2947 ]

[Jace Quin]

ButtMuffin

haha yea that sounds boring... doing what? like front desk stuff?

Yeah, I am literally going to be working at the front desk. But my title is something like 'Guest Services Associate'. 9.00 an hour to start is pretty decent but I was actually half-expecting more.
I had an interview at GameStop today. And working there would be fun. But I would get at most twenty hours a week so even if they did hire me I'd have to still work at the hotel.

[Itami Nai]

Jace Quin

I almost never buy anything for more than 90% of the average/lowest price. Obviously lower is better, though. 75-80% can be expected on a regulat basis and you can often buy items for those prices in the Exchange without much difficulty.
But you have to keep checking. Prices vary throughout the course of the day as there are more or fewer users online. Not to mention that if there is a deal listed it's not likely to remain there for a long time as another person looking for profit or someone who just wants the item buys it.
You don't have to buy just those items, though. There are many other items that can be profitable. But if you are just starting out I recommend sticking to only items that sell twenty units a day at the very least- though more units is generally better.

Thanks, Ill get back to you in a few days, see what I got smile

[King Awesomolocity]

Jace Quin

K:
1k = 1,000 gold. Basically k stands for a comma and three zeros. 34k (34,000). 1000k = 1 Million.
It’s easier to type than a comma and three zeros, that’s why people use it. Once you stop
being confused by it, you’re going to love it.

Er...actually, k stands for kilo as in 1,000.

[Jace Quin]

King Awesomolocity

Jace Quin

K:
1k = 1,000 gold. Basically k stands for a comma and three zeros. 34k (34,000). 1000k = 1 Million.
It’s easier to type than a comma and three zeros, that’s why people use it. Once you stop
being confused by it, you’re going to love it.

Er...actually, k stands for kilo as in 1,000.

K does stands for kilo as in multiplication by 1,000, in fact, but the word itself is not really relevant to Exchange lingo and would likely only confuse people trying to get a grasp of the abbreviations so it wasn't included.

[King Awesomolocity]

Jace Quin

King Awesomolocity

Jace Quin

K:
1k = 1,000 gold. Basically k stands for a comma and three zeros. 34k (34,000). 1000k = 1 Million.
It’s easier to type than a comma and three zeros, that’s why people use it. Once you stop
being confused by it, you’re going to love it.

Er...actually, k stands for kilo as in 1,000.

K does stands for kilo as in multiplication by 1,000, in fact, but the word itself is not really relevant to Exchange lingo and would likely only confuse people trying to get a grasp of the abbreviations so it wasn't included.

Valid point. But it could be mentioned. emo

~King Awesome

[Jace Quin]

King Awesomolocity

Jace Quin

King Awesomolocity

Jace Quin

K:
1k = 1,000 gold. Basically k stands for a comma and three zeros. 34k (34,000). 1000k = 1 Million.
It’s easier to type than a comma and three zeros, that’s why people use it. Once you stop
being confused by it, you’re going to love it.

Er...actually, k stands for kilo as in 1,000.

K does stands for kilo as in multiplication by 1,000, in fact, but the word itself is not really relevant to Exchange lingo and would likely only confuse people trying to get a grasp of the abbreviations so it wasn't included.

Valid point. But it could be mentioned. emo

~King Awesome

Kilo is meant to be a prefix though anyway so it doesn't really fit regardless.

[Locc Sray]

hi..so i remember there reading like 2 or 3 years ago something about buying and selling and the seasons...
do things sell higher in the summer or winter?
and are things cheaper to buy in winter or summer?
i tried to find this but no luck sad

[Jace Quin]

Professional Sinner

hi..so i remember there reading like 2 or 3 years ago something about buying and selling and the seasons...
do things sell higher in the summer or winter?
and are things cheaper to buy in winter or summer?
i tried to find this but no luck sad

There is a persistent myth regarding mass inflation/deflation periods through-out the year (possibly due in part to the deflation at the end of summer 2008 when measures that stopped botting deflated the market by taking out a whole lot of ill-won gold) but this isn't really true. There are some noticeable trends but they don't blanket the entire market and they are not necessarily consistent from year to year. It really depends on what you are looking to buy, where it comes from, whether it can still be obtained (or not), whether it gets reereleased (or not) that will determine (very roughly) when the best time to buy it might be. Were you looking to buy something specific? Or were you talking about hoarding event items for Christmas and the like?

[XxNeko-Chan123xX]

I honestly cant remember! biggrin

[Locc Sray]

Jace Quin

Professional Sinner

hi..so i remember there reading like 2 or 3 years ago something about buying and selling and the seasons...
do things sell higher in the summer or winter?
and are things cheaper to buy in winter or summer?
i tried to find this but no luck sad

There is a persistent myth regarding mass inflation/deflation periods through-out the year (possibly due in part to the deflation at the end of summer 2008 when measures that stopped botting deflated the market by taking out a whole lot of ill-won gold) but this isn't really true. There are some noticeable trends but they don't blanket the entire market and they are not necessarily consistent from year to year. It really depends on what you are looking to buy, where it comes from, whether it can still be obtained (or not), whether it gets reereleased (or not) that will determine (very roughly) when the best time to buy it might be. Were you looking to buy something specific? Or were you talking about hoarding event items for Christmas and the like?

well because ive been going through the market trying to get back into the gold making biz [I havent been on here for 2 years ><] and yeah i forgot about reading graphs and trends...
so i bid on the Golden Gumshoe thinking "hey i can sell this cheap buy i bought and get gold back on it" until i read the graphs that showed that it was declining...so im wondering now if i should sell it back because of the rapid price drop, or just hold onto it and hope to make sure money off it later? I dont mind only getting minimal profit...but at this point it looks like im going to lose out on alot : (

[Locc Sray]

also, may i ask if you've ever personally lost gold vending/exchanging? i tried to find it in the FAQ but its not there.

[Jace Quin]

Locc Sray

well because ive been going through the market trying to get back into the gold making biz [I havent been on here for 2 years ><] and yeah i forgot about reading graphs and trends...
so i bid on the Golden Gumshoe thinking "hey i can sell this cheap buy i bought and get gold back on it" until i read the graphs that showed that it was declining...so im wondering now if i should sell it back because of the rapid price drop, or just hold onto it and hope to make sure money off it later? I dont mind only getting minimal profit...but at this point it looks like im going to lose out on alot : (

I'd try to sell it and cut your losses. If you can sell it in the MP all the better but it does have a goldshop value and can be sold back that way if the MP price goes down that far. But the real issue is not the rapid price drop- you should have expected that given the fact that the price almost trebled in a day a couple days ago. Unless there are extenuating circumstances prices don't just go up by three times in a day- that's the hallmark of AI or market manipulation. Items that have been manipulated should be avoided. Then there's also the fact that the item only sells one to four units a day. Unless you are an experienced vender/exchanger you probably don't want to buy items that sell below twenty units a day (though fifty is better and obviously the more units a day the faster it will sell).

Have I ever personally lost gold... I assume you mean ever as opposed to overall? Of course I have. It happens to everyone. I've lost gold on items I've bought to vend/exchange with as well as on investments I've made. Every single time I make a purchase there's the risk of loosing gold. But if there were no risk- there would likely be no reward. Overall I've made hundreds of millions of gold through vending, exchanging, and hoarding. I have lost some- in fact I can say I've lost millions. But what's a few million compared to hundreds of millions? Or a few thousand compared with a few hundred thousand? Not much.

[Locc Sray]

Jace Quin

Locc Sray

well because ive been going through the market trying to get back into the gold making biz [I havent been on here for 2 years ><] and yeah i forgot about reading graphs and trends...
so i bid on the Golden Gumshoe thinking "hey i can sell this cheap buy i bought and get gold back on it" until i read the graphs that showed that it was declining...so im wondering now if i should sell it back because of the rapid price drop, or just hold onto it and hope to make sure money off it later? I dont mind only getting minimal profit...but at this point it looks like im going to lose out on alot : (

I'd try to sell it and cut your losses. If you can sell it in the MP all the better but it does have a goldshop value and can be sold back that way if the MP price goes down that far. But the real issue is not the rapid price drop- you should have expected that given the fact that the price almost trebled in a day a couple days ago. Unless there are extenuating circumstances prices don't just go up by three times in a day- that's the hallmark of AI or market manipulation. Items that have been manipulated should be avoided. Then there's also the fact that the item only sells one to four units a day. Unless you are an experienced vender/exchanger you probably don't want to buy items that sell below twenty units a day (though fifty is better and obviously the more units a day the faster it will sell).

Have I ever personally lost gold... I assume you mean ever as opposed to overall? Of course I have. It happens to everyone. I've lost gold on items I've bought to vend/exchange with as well as on investments I've made. Every single time I make a purchase there's the risk of loosing gold. But if there were no risk- there would likely be no reward. Overall I've made hundreds of millions of gold through vending, exchanging, and hoarding. I have lost some- in fact I can say I've lost millions. But what's a few million compared to hundreds of millions? Or a few thousand compared with a few hundred thousand? Not much.

yeah i know -_______________- i havent been very smart at this point. Theres a lot of small things i forgot, like reading graphs which can really tell you a lot about any item..
I guess ill just try my best to get some gold back on these and see what else i can profit on.

[King Awesomolocity]

Jace Quin

Out of curiosity, have you been saving your Crystal Boxes, until just today when the price jumped? xD

I didn't wanna sell it earlier since 20,000-30,000 isn't really...high enough for me to want to sell, but now it's good. xD

[Jace Quin]

King Awesomolocity

Jace Quin

Out of curiosity, have you been saving your Crystal Boxes, until just today when the price jumped? xD

I didn't wanna sell it earlier since 20,000-30,000 isn't really...high enough for me to want to sell, but now it's good. xD

Saving them? I've been buying them at 20k and less on purpose. Otherwise I wouldn't have fifty of them. ^.^ Excellent profit. And I'll do it again when they go down in price and wait for another update to sell again.