TeaTime : How Barons Make Millions Of Guild Wars 2 Gold - Full Interview With Enko And GuildMM!
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- Опубліковано 23 лип 2024
- LEARN THE SECRETS OF THE RICHEST PLAYERS IN THE GAME, TWIRL YOUR MUSTACHE ALONGSIDE ENKO AND GUILD MM!
In all seriousness this was a great show with some incredible insights into the reality of trading, how it's done, how profitable it is and also some very in depth analysis on exactly how the economy of GW2 works. Myths are busted and truths uncovered, we even had a mini DEBATE in there as well - this TeaTime has it all!
Hosts:
Enko : / enko63
GuildMM : / guildmm
00:00:00 : Intro & Epic TP Happenings
00:03:00 : The Mystic Coins & Market Manipulation
00:18:55 : Historical Market Manipulation
00:27:55 : Gatekeeping High End Items
00:33:00 : The Gold Cap, Accessibility & Perceived Value
00:45:00 : Player To Player Trading
00:55:00 : Gold Sinks & The Economy
00:58:00 : Gold Generation In Guild Wars 2
01:05:30 : GW2 Farming & Value Telegraphing
01:12:00 : Account Value
01:18:45 : Where Wealth Comes From
01:24:00 : How The Barons Make Gold
01:32:05 : Flipping
01:41:00 : Item Processing & Crafting
01:45:40 : Legendary Weapons & Baron Business DEBATE
02:17:35 : Effort And Setup
02:26:00 : Trading Profitability
02:32:30 : Trading Techniques : Macros And Automation
02:41:00 : Profit Analysis, Research & Data Tracking
02:50:14 : Q&A
02:52:12 : How Long To Become RICH
03:00:10 : Outro
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I'm an aspirational baron (=a poor player) and once, inadvertently, built a lettuce wall. I realised there was a trading opportunity with lettuce and bought 100 stacks @ 4 copper / per head then flooded the market with 100 stacks @ 10 copper / head. It caused an impenetrable wall of lettuce to remain on the exchange, as other traders accepted a slight reduction in profit and moved the "sell" to 9 copper. I did the right thing and took the hit by relisting a stack a day at 9 copper, helping to take down my own lettuce wall. This makes me both an incompetent but also ethical trader.
Lmao. Now that lettuce is needed for the turtle too.. haha
lol I bought massive amount of shard of glory, and the shards just got sold after a year or two when I just got back to the game.
Back in the day, when Mystic Coins were still cheap, we used to craft The Crossing and sell it on the Trading Post. Just had to run CoE dungeon everyday for the tokens. A friend and I were able to craft around 2-3 per week until we had enough funds for a Christmas Party raffle of a Legendary weapon and precursor for our guild.
I wish they made a huge dungeon update. It's sad that the entire part of that game is basically not played.
Back before they implemented the wardrobe system my buddy suggested I invest in unidentified dyes.
I made enough profit to craft astralaria, bolt, nevermore, chuka & champawat, and H.O.P.E.
Sadly, I was dumb and didn’t use it to make stuff I could sell for more profit🤷♂️
the one MAJOR aspect never spoken of in this entirety - you NEED new players to keep profit wheel turning. Purely calling for payer trading or gold sinks to control inflation etc... not enough. Keeping the incoming base buying and needing is key
Well that just changed..
watching this guys talk makes me feel better about myself
Thank you for putting all of the time stamps. Great video even though I watched this live haha
Very average player PoV here : GW2's economy is one of the healthiest i've seen in a game so far. Just by using 2 crafting professions for the daily crafts alongside some gameplay (Fractals/SPvP mostly) I've always sat on a healthy amount of gold and been able to craft whatever i want over time (Griffon/Skyscale, full set of Legendary Leather set, 3 legendary weapons etc) I actually love the absence of player to player trading as its always there that you end up in predatory situations. The scale of it makes it really hard for people looking to scam others or push for get rich schemes as one of the persons here explained and it all make sense. The value of everything is also fairly consistent and clear for the most part, personally there's nothing more that i hate than having to do half an hour of research to actually price something correctly whenever i find it in a game.
There's still more than enough depth to it as well as if you have some business sense you can make a bit extra, such as buying specific mats at specific times, timing what you sell or buy with patches, deciding if you buy raw then refine mats or just straight refined, material upgrades with the Mystic Forge etc. but none of that affects other players negatively at all.
I get that a lot of the complaints come from people who pushed these systems to its limit though... but honestly, i've yet to play a game that felt perfect in this situation in any way.
I really appreciate your insight. I also agree with everything you said.
I'm a highly casual player, but I love watching these.
I love how at 1:07:00 ish Enko literally describes the market in Black Desert Online
Pretty funny how MMO markets can elucidate real life corruption.
it's only corruption if it's against the law. There's alot of things that favour the people with money and connections above other that are not illegal so they aren't considered corruption.
it's only corruption if it's against the law. There's alot of things that favour the people with money and connections above other that are not illegal so they aren't considered corruption.
Theyve done studies on similar issues. Essentially being a scammer/cheater in a game does indeed equate to being a scammer/cheater IRL. Golf is the most used example from "gaming" because you can literally write your own score while no one is watching lol.
@@sunnydlite-t8b To cheat a system is being smart, to be a slave to the system is being dumb. The system exist to keep people in check so if u dont want to sit in ur place u better start cheating.
@@paulgotik don’t be silly, the law itself is corrupt, in the real world money buys laws, how you think Donald trump (a known narcissist) become president
I remember back almost 8 years ago now I started playing and I was dedicating my time fully to crafting and markets to the point of spreadsheets and such. Made a decent bit of gold for the time especially since I hadn't even reached max level. I ended up having to stop playing for years and years. Only recently got back onto the game. Kinda wonder what woulda happened had I kept up with it more
I believe the same "buy wall" talked about in this video is also being implemented with superior sigils of force. Just 1 year ago those sigils were selling for about 4g each and then out of the blue an individual or individuals started dumping superior sigils of force on the TP at drastically lower prices. They drove the price of those sigils down to about 75 silver each and are letting it flux between 75s to about 1g 25s. The million dollar question is why? Is it to cause everyone to make less gold in trading for superior of force sigils?
Make it more worthwhile to sell weapons maybe? Just a guess.
Just finished the last tp vid and I'm gonna check this out... I have many questions but with luck I will know what work I must do to finally generate a wealth in this game at least to the point of finally defeating my stepfather
I missed the first part of this video so I saved it to watch again later then I have time. I know some of the info will be out of date, but the underlying principles are still valid.
It takes Work, time and effort to make a lot of gold. But it is probably worth it, if you want to be able to show off the coolest new infusions, have the coolest new weapons and armor, or mount skins.
You can put your time and effort into making gold, or you can put your time and effort into grinding for the things you want.
It’s called fashion wars for a reason
Another great Teatime!!
One thing they failed to mentioned about flipping in TP is the 15% tax -- that's why nobody does this unless you expect to make more gold after the tax.
good talk, practical advice for game or irl finances :d
Poe has a addon that does this. This is the way it works. Alt+r = show value of item. Alt+g = show items on gw efficiency. As well as you can only make 4 calls every 45s making it so people can't spam tp.
i watched a defcon vid where the guy had a trade post exploit to make easy gold. i wouldn't be surprised if that still wasn't fixed
How would you install a black market in the game that is rep based and excludes tp taxes? maybe even a gemstore buy in? or maybe the last is going too far
i want more....so much good info :)
volcanic stormcaller is actually back up in price. the weekly seal vendor one isn't sellable . So its remaining steady. This method also requires full mastery
Honestly I dont Care about the damage to the Infusion Market. I think infusions are ridiculously overpriced and im happy to See Them go down
I'm playing in NA and I'd like to learn how to use those spreadsheets, could you guys indicated me some didatic video or forum post? Thank you ^^
Yesssss I wanna see those spreadsheets that are too much work for others
You can create your own spread sheets. It’s not difficult, it’s just time consuming and a bit tedious.
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Do you think MC prices will go up again with the expansion ?
if legendaries use mc yes. If they don't the price is going to tank down even more. Everything depends on how arenanet is going to make the craft for the legendaries.
ah yes, another episode of Gold wars 2
10 GoMs for legendaries? I guess that's what I'll be doing next huhuhu
If people would actually pay attention and learn in their economics classes in high school and college they would understand these basic principles of a market economy. Apply it in their own lives to be financially stable and apply it in video games so they can be rich and buy whatever they want. That's what I do in my own life and in every video game I play.
If people were all equally knowledgeable essentially everything people like you believe is "savvy" would be revealed to rely on exploitation and you would have a much harder time making any gold.
Marxists play video games too, and they are statistically incapable of understanding such things.
Took me 3 months from nothing to 20k gold purely flipping. Agree with what these guys are saying. The 15% tax imo is the reason WHY gw2 flipping is easy.
Besides flipping, do you still play active? or just bsy with market stuff?
@@Patsoor I just flip, I don't play the game normally anymore. Just miss vanilla GW2 at this point
I played vanilla gw2 and I love where they went with the expansions
Hilarious when the chat realized that wage labor is a scam 🤣
How do you mean?
i HATED spamming "WTS" in gw1 i love the TP
Okay I respect the effort they put in, but 2:00:00 in GuildMM is basically describing the start of a pyramid scheme. It’s not actually one, but it’s exactly how a pitch for pyramid scheme is said
it's not a pyramid scheme. In a pyramid scheme the person on top sells their items to the people on the bottom no matter if the the people on the bottom have sell their previous item or not. In this case he only sells them more if those other people have sould the previous items. They are not force to buy more items even if they can sell them.
It’s not a “pyramid scheme” if everyone makes gold. And clearly, everyone in these mutually agreed upon transactions is making gold.
13:00, just pls all the ATs in spvp and you will be farming them
I mean this only works till a bunch of people try to do it. Also only works if you can play at off hours. Trying to win the daily ATs when the good teams are playing is a bit harder
@@Bunnyblaster12 ofc good ppl farm it, if you aren't good it won't be a reliable farm
Never sell these people your Gifts of Mastery, People. They are literally monopolizing legendaries.
And they know damn well that they are profiting off of ignorance. They even have the audacity to pretend like both players are agreeing to the transaction with the same level of understanding of what's going on. Clearly "MM" means Multilevel Marketing in this case.
Ultimately, the only real issue here is that these type of people are treating a video game economy as a competitive PvP arena.
My thoughts exactly.. the profit on ignorance and has the audacity to say that the "slaves" profit from it
Marxists are all the same 🙄
You remind me so much of my cheeky Scottish friend I used to play Arma 3 with
Not your accent but your personality lol you are a unique fellow
oh no a rich player is angry at other rich players so he raises the price of MC to make the rich players stock of MC worth even more. totally makes sense
in real life we do have squillions of money being printed. It's called Quantatative Easing...or QE Infinity. Just constant printing of Fiat lol.
How on earth do i check my account value?
gw2efficiency
I know this a year late but the constant reference about how having a TP value shown on hovering an item will "lag the game down" and "be so much extra calls to the market" but it really wouldn't, they do the same thing the 3rd party sites are already doing and have a cyclically updated average based on values that are already pulled and then put into a specific place for those calls to take place. That's not even mentioning the ways to make it not even need to be doing any calls other than the tooltip itself because that data can update for everyone on the tooltips using a prior hours data for example.. If doing it in game would "break the game" then the 3rd party sites would've already broken the game..
talking the real talk
Enlightening how many people don't understand capitalism. Crazy
Ikr. Ppl are absolute morons both in game and in real life.
Marxists can never understand fair trade and mutual agreement. They are inherently tyrannical, and inherently lazy.
Something that MM might have forgotten is that what might have pushed him into slave Mastery trading is that at launch you had to have 100% world completion to get legendary weapons. Which is a huge gate for people, so he most likely had it and used that as a way to develop his slave factory. This probably started as a way to help out some friends and then expanded into a profit generating income. A great discussion of game mechanics and economy by the way! Thoroughly enjoyed it!
Before HoT I did map completion 4 times for the fun of it, yes, no glider (let alone mounts) and all 4 WvW maps.
Today you don't need WvW, only core Tyria and with mounts, even a springer, it's child's play.
@@DeanCalaway Calling it slavery is dumb af too.
gw2efficiency says my account value is 141K and my liquid gold is 4K. Am I playing gw2 right?
Actually, Yes!
@@MightyTeapot Awesome! I have crafted & sold 3 legendaries (Incinerator, Rodgort, & Twilight) but I did the whole grind for shards & Gift of Battle for it. Also half of my worth comes from gem store items because I always spend real money on gems for the items or keys when a new update comes out. My friends hate it when I get a new mount skin or glider everytime I do this lol.
I do the same thing! LoL!
If I had sold all the legendary weapons I’ve made, I’d be rich. But I’m too vain, and I want the shinies.
Not only MCs, look at Glyphs of Volatility and Unbound, Superior Runes of Tormenting. Someone's manipulating the TP. Legendary Vision, the balance patch has driven the prices up. My 2 cents worth of opinion. Maybe I could be wrong.
The prices are not being manipulated. The patch made those items more desirable. The balance patch increased the demand.
What does RNT mean? I keep hearing it but don’t understand.
RMT - it means "real money transaction". basically selling ingame things for real money irl.
3 hours? ok lezgo
If they want people to use the TP then they need to remove the 15% and up the cap. Why on earth would I sell something on the TP and lose 100g for nothing when I can go on discord? As a normal player 100g is several days worth of doing things. They can screw right off with 15%. If they want a drain for anti-inflation then they can start having vendors sell account bound things people want.
It's not anti-inflation, it's anti-flipping. Without it, while having enough gold, you could really easily set up a bot that would buy specific goods listed below your price and relist them at your price with basically no penalty, or heck do it manually. There will always be certain goods with limited supply that would flipped to hell without this countermeasure.
Wow, that guild mm guy just wont answer a question straight
I honestly don’t care, I play to play. If I wanted to do economics I’d do it irl and then I would have more in game gold than all the barons lol, all you gotta do is work one day in real life on minimum wage and you have 2000g in game
Exactly. Just by playing the game you get gold. The only difference is that it's actually entairtaining.
this is how rich become richer w/o effort. use people to farm gift of mastery for them in exchange for gold to sell the end product for more profit without too much effort at all.
The barons even say that it's not that profitable any more and most traders don't do it! Also they get paid for farming it - totally voluntary transaction, additionally the startup cost is very low - ANYONE COULD DO IT easily!
it works same as cheap labor in x country. selling GoM is simply stupid. because even if you paid 500g, you actually gained only like 320g for GoM because you needed invest your own currencies as SS/Karma. I was talking a lot about increasing price for it since it is pure scam on people. and eventually on trading discord they increased GoM price from 500g to 650/700g..
People sure have strange definitions for words. Like "scam."
I agree with you the price those people were paid was not enough, a few of my guild mates sold their gift of mastery to guild mm back when he was working with Xushin, they encouraged me to sell one too but I didn't because I thought the gold was too low for my time.
@@katsuenyagaming Stupid for the seller not for the buyer. your basically making 1-2k off of 500g.
Bruh these two can buy my whole account if they want. Fml.
THE BARONS
they could by my account like 50 times each ez
Rune salv greens.
why is this a quarter ads
LMAO I forgot to disable youtube AUTO ADS it tends to go a bit overboard. Fixed now
@@MightyTeapot much appreciated from a mobile viewer!
i have a friend with 20k mystic coins on his account, hes not playing anymore. and im desperatly trying to talk him into giving me these coins :P
Try offering to buy his account instead
When millionaires get mad at billionaires
idk why do ppl talk about a video game economy like its something important, when a few clicks and anet can change all that and everything these guys have been working and learning will be gone :D
Some people like to play this game like it's the stock market. At the end of the day it's a game and nothing about gw2 is important.
No, because these guys have actually used their experiences in game to apply to the real world and their real lives.
But why do you seem so gleeful about the idea of anet taking all their hard earned rewards?
oh! Because your a Marxist.
your chef metaphor....
WELL ACTUALLY i do think the business owner IS ripping off the cook. land lords rip off their tenant. etc.
if you think you are a good person remember you are laughing about bay leaves.
if making money and playing the market is what brings you joy, not the actual game, why do it in gw and not in real life. games are a fantasy world for fun. but playing the market is a real life thing .... i don't get why they are even here
Because in real life there is actual risk which may put you on the streets and destroy your life. In game its fine even if u lose all ur gold. You only lose time and effort.
Real life markets are quite a bit different and require much more knowledge on investing and much more research on what and where to invest
Why do people have so
Much difficulty understanding that the Trading Post IS part of the game?
It’s like a mini game inside the game, and some people find it fun to play it and see how much they can win at it.
These guys “play the actual game”, that’s how they get their starter gold, but even if all they did was play the trading post, they’re still playing “the actual game”.
There are people who do almost nothing by but throw exotics into the mystic toilet to get precursors that they sell on the tp, and do almost nothing else.
And they make THOUSANDS of gold a week.
Are you going to bitch them out for not “playing the actual game”?
i dupe always gold and sell them :P no time for farm
A few years ago I revived someone after a crowd of people ran past him and when I did he mailed me 10k gold
Lol wtf
There’s a 500g mail cap. Curious
Lol congrats
Liar
impossible, even if he mailed you multiple times u can only get atleast 5k max, assuming it happened in a day.
I just put everything into skins
i never sold a single moldy bag on tp lol what is he even talking about no one ever did that ofc u open them... doooh its simple it gives end game mats. hes like undermining the community..
On the contrary, there are many people who sell their heavy moldy bags, and have made huge profits from it.
Many of my old guildies made their fortunes off of selling heavy moldy bags from farming orr.
how I made 1000 gold was this. listen carefully kids: buy a superior treb. go into any WVW map. aim it at the enemy castle. presss 2. and open up a movie. repeat for 100 hours.
What fantasy world you living in where you can build and spam a treb without being ganked?
I'm lucky if I can do that at all... and I sure as hell wasn't earning 10 gold an hour XD
meme
"Is it imoral to make profit from other people" what? If this was true then everyone in the real world would have to work for themselves, being a boss would be imoral.
Marx was onto something? Kapp
@@sunnydlite-t8byes, he was onto a supreme grift where he gets everyone to work for Him, and he never has to lift a finger for himself or anyone else.
Sadly, poor angles never figured that out before he died.
Or would you rather grow your own vegetables, hint your own meat, craft your own shoes, build your own house, and then fight off everyone who comes to take it from you, by yourself?
40 to 100 accounts.....They cheat like hell in the game and if caught...they just move on to one of MANY other accounts.Anet just doesn't care??? So I say good for them.
Accounts are not cheating, just buying gold
It’s fascinating how many people think that because they didn’t think of it firstly it must be “cheating” 😂
The chat on this one is very dumb about real life money.
Imagine spending your life in an MMO hoarding imaginary currencies
@Jorge Fernandes ikr who even has the patience to watch this long of a vid on virtual and non-existent finance
It's a game! People can enjoy it however they want!
@@MightyTeapot Yah sure, that's true,
Gotta flex somewhere.
@@MightyTeapot is this really enjoyment? Now be honest to yourself, just look at the time and effort put into this. Yeah I guess if you have no job and no responsibility you can find enjoyment in this. However for us regular people it looks like a very interesting pyramid scheme while hoarding imaginary currencies and manipulating the prices because of "reasons". Oh and don't forget the dude that duped items, he was also enjoying the game? Am I right?
And to go back to your statement, yes it is a game, but only for them, it is a game for all of us. And you have a handful of "nolifers" who ruin the game for others. Do you find that ok?
I love the outrage about MMO capitalism when it's exactly how it works in real life too. Rise up IRL, yall.
You want a place to live? Food so you don't starve? Sorry that's a paywalled DLC package. Don't have money? Well do these quests for me and I'll give you a fraction of the value you generate for me so you can get the DLC's.
Unsure if I am explaining real life or a modern game.
@@cholst1 You are doing both IRL and modern games wrong. If you do a shit quest then use the quest rewards and XP gain to go do better quests. Continue this until you are experienced enough and have the items to basically do what you want. This works IRL and in game. GG EZ
@@cholst1 So what you're saying is, someone should force people to produce food and handy over to you for free after they force some people to build you a free house.
@@DeanCalaway This was always a dumb point to me. Most labor is forced labor, one way or another. Force someone to make some food? Nah, just setup a system where they need to make me food, or they starve themselves. Capitalism is all about forced labor, we just get to occasionally decide where that labor is unless you are independently wealthy.
@@RomaTomatoe hilarious, and what is socialism?
In a socialist system are forced to work AND you don't get to keep what you earn because your earnings are redistributed by those in power that force you to work and will throw you in jail if you don't pay them.
It's only "nice" if you are part of the oppressor class and get to extort other people for their money so you don't have to do anything.
Well, still sounds like not playing a game. I like everything in this game other than doing tp stuff
everyone enjoys games in different ways
Tell us how much guild MM pays you to be in your every podcast and teatime? We can pay you more to stop
They give teapot legendaries and stuff for his event prizes
This is a VERY important topic in Guild Wars 2, Guild MM and the barons have expertise in something that is the main concern for most of the playerbase. It's really as simple as that lol he doesn't need to pay. There is a lot of real explanation and useful advice in this video, if you don't like what they have to say then you probably had the wrong idea about what trading is.
99% of trading in guild wars is taking advantage of people's impatience, don't hate the players!
you don't like him that much that you can't tolerate a video where he is in? Maybe just skip the video?
@@MightyTeapotbro, your patience with some of these people is admirable and impressive.
just dupe items for being rich...
Wtf? Who cares about gold in gw2? It is free to play and only cosmetic. Lastly this game is almost dead
i see guild MM , i drop username Bollo.3509 SENDMEMUNEH XD