So I hit the 2 billion dollar mark about a week ago (of actual cash on hand). I could have hit it much sooner if I wasnt always trying to tweak my character and if I wasnt so busy with work and if I would have cancelled the dozen or so buy bids that I have out there).
As an aside, with the help of the evil bunny (Jo-Jo/smurphy) I was finally able to get a screenie. (It took me a bit longer to figure out how to get the GUI to come out in the screenie). Having said that, I havent quite explored how to post it these forums and so
I lose points for no screenie.
(Hopefully I gain a few for taking the time to post my experiences).
Anyhow, the purpose of my post is not to prove that I am ebil but to relay some of my experiences (and feelings) on my way to getting 2 billion.
As an aside, I use to post on this forum a fair amount but lost my password some time ago and so for the past year or so I just come on here to read what others wrote. (The purple Bunny informed that my password is now the same as my game password and so I dont have to go try and get a new one).
Disclaimer: The things I am about to say, all of you already know. Its like I am preaching to the choir. Somewhat of a catch 22. The poor stay poor b/c they dont visit forums like these.
Anyhow:
(Long post)
First:
The ability to work the black market after AE came out is much easier than before AE. As many of you have noticed, there has not only been a proliferation of the one billionaire but of the two billionaires.
Therefore, I must tip my hat to those people who earned their billions before AE. People such the Bunny, DumpleBerry, (I suspect Cat, the Goat, SwellGuy, Uberguy etc, and others like him).
Those people are truly ebil.
Second:
There is no reason to be poor. Not after AE. (I dont know how i16 will impact things). I know everyone always says that but really its true.
All you have to do is to buy a recipe low, wait like a day or so, then flip it. In my case, I bought low, crafted it, then flipped it. But to be honest, I am not sure that crafting was even necessary. I just crafted out of habit.
And here is the thing. With AE, you have a lot of people who are the buy it nao people. So you dont have to study the market for hours on end. Not to reveal company secrets, but look if you just look at like a Level 50 Numina Heal. The price on that thing during a week goes from like 17 million to like 50 million (at least crafted). You dont have to be genius to figure out that buying that low and selling it high is easy money.
Third:
Related to the above. It took me a long time to actually start working the market. Sure, I was told to buy low and sell high but I didnt do that for the longest while. (Again, as I said, AE makes it so much easier). First, I started off with salvage. Then when I got some money going, I moved on to the big boys. I even dappled in purples for a bit (at which point I was sometimes turned over like 100 million). Bottom line: Money begets money. And you only need a small amount to start out.
Oh, an interesting note. During the last double xp weekend, I logged on with m sup-ed up Brute. Got on a few AE teams and earned infamy. However, it occurred to me that I could make money by just working the market. Understand what I am saying: I could earn more money in the market than on double xp/double infamy. And here is the real thing: I am not sure that I was earning more money in the market b/c of the nature of double xp/infamy weekend. I think I was earning more money in the market b/c its just plain faster (regardless of what is going on with double xp/infamy).
Fourth:
Can you corner the market? I might get flamed for what I am about to say (but this is only my opinion). In my opinion, while it may not be possible to corner the market for an extended time, I can say that an ebil (i.e. a billionaire) person can move the market for an extended time. Certainly for ebil fun (i.e.at a loss of money). But here is the thing. Even for profit.
Some of you may recall that about a month or so ago, Scientific Theories sold for 200K almost every single day for like weeks. Honestly, I think that was all my doing. (I say that b/c once I stopped, prices returned to like the 10k to 30K range and have stayed there).
The supply was low. (I also realized that AE ticket holders could not use their tickets to purchase a particular common salvageit was just random). So with AE driving people wild, you didnt have a bunch of players getting Scientific Theories in mission drops.
I just to put in bids of like 70 or 80 at a time. Some of the bids were designed to create a false image of demand. Others were put in there to make sure that if anyone came along and dropped an ST, it would go to me. I would then turn around and list those bad boys for 200K and they would sell.
Sometimes (though this often cost me more than it made me) I would even buy up every single one on the market so I would control it. (I even did this on Numina Heals but that didnt really pay off).
The money that I made on the ST cornering the market was not a whole lot as you are still only dealing with thousands and not millions but relative to the value of a non-manipulated ST, I made a lot of money.
Fifth:
Related to the above, IMO, flippers like myself probably served to drive the prices up. Stop. Dont flame me. Ive read dozens of posts which have explained why flippers dont drive prices up. However, its my feeling that the prices on certain particular recipes were the direct result (or at least in some part) related to my flipping. Plus: I know for a fact that others were doing it.
So let me rephrase. My individual flipping probably didnt much (except for the Scientific theories) but the collective flipping by many others
probably drove prices up. As I said, I dont have any data to back the above up. Thats my feeling. And again, I go back to AE. Its my feeling that AE really changed the rules. That is, before AE, I dont think I could have cornered the market on an item. Post AE, with my billions, yes, I think I can. And for a profit.
Sixth:
Moral obligation. I feel no moral obligation or guilt at working the market for my gain. Is a stockbroker suppose to apologize for buying GMs stocks low and selling high?
However, I sometimes felt guilty for the following. Often when I bought stuff, I bought them like 8 at a time (especially when was pursing crafting badges). Well the last five bids may say: 4K, 5K, 4K, 5K, 6K. As my millions turned to hundreds, my patience for small fries grew less and less. I would put in 8 bids at 7K and only like 3 would get filled. I would then have to cancel the remaining 5 bids, and put 5 in at 8K. Then 2 would get filled. I would have to cancel the remaining and put in
.You get the idea.
To avoid that, many times I would just say f-it. 8 bids at 15,555. Buy it nao. But then I would feel guilty b/c a poor person looking at the last five would see a wall of numbers showing 15,555 (or a new seller would see that and list at that or above).
Whereas in reality, the thing could probably have been gotten by the poor person for like 4K.
So I felt guilty in that respect. But at not at any of my intentional/focused market manipulations.
Anyway, thanks for reading. Sorry for the long post.