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 Jagex 2x gp event, climbing boots. REALLY!
Posted: June 25, 2010 09:18 amTop
   
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IRC Nickname: Sgtswordfish
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this is some intense stuff!

so much I haven't gone to sleep. that's how excited i am for the prospects of what's to become well....free geepees!

on a personal note i was shocked to find out that overnight people became billionares what took years for me but hey. one mans luck is another mans fortune.

with that said it's most likely we'll be seeing similar returns on armor and pking supply just because it directly affected pkers. pkers tend to be spenders naturally so....

according to trickle down economics, they will spend their new found wealth on supplies that we'll provide. this is the best time to be flipping them items as a merchanter as it places us in a great position to supply a greater demand.

i'm speculating that the vast amount of merch clans and people who apparently got their hands on the goods before the update will be spending them on rising items. this means that items with a 3-5% daily rise (if ur a safer like me 4.5-5%) are sure investments. the risk of investing in an "overpriced item" won't be there if people are confident in their new-found wealth.

i would be suprise if regular runescape players didn't get helped by the flunctuating prices.


edit: just to be clear, the title is meant to be sarcastic but essentially what we're dealing with is an inflation in prices that will lead to profits over time. essentially doubling your current net worth.
 
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Goals 2011
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Posted: June 25, 2010 09:44 amTop
   
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IRC Nickname: rachellove
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It's about time they give the players the true wealth back that they once had. Like the dragon chain. It was a low of like what 4 million and it cost about 20 million for the longest time. Even the law runes were ruined by ge. Laws are about 250 gp and once sold always for 1k.

So are they giving us anything we didn't have before they put in the GE? I dislike the GE.
 
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Thank you Garrett and Dallar.
“The day soldiers stop bringing you their problems
is the day you have stopped leading them.
They have either lost confidence that you can help them
or concluded that you do not care.
Either case is a failure of leadership.”
~~Colin Powell ~~

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Posted: June 25, 2010 10:00 amTop
   
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IRC Nickname: Sgtswordfish
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the ge essentially is controlled by players

that belief has been destroyed....

as for the wealth. the people that made it are the ones that had climbing boots at the time of the update. there's no exception.

but the fact that now people hold extra cash means they can either save it, spend it, invest it.

i'm speculating most of the people that made cash made roughly 1m-10m if they stockpiled (unless they where me and made 75k =D). that's extra u can use on a skill or to buy equipment to generate more gp to spend. it's a vicious cycle

essentially prices will go up and become overpriced and high volatile. but the increase in price is something everyone can benefit.
 
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Goals 2011
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Posted: June 25, 2010 10:46 amTop
   
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IRC Nickname: Pyroclastic0
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I got 10k dragon bones after update but before they started buying them all
now wondering whether to used for 90 prayer or make some money

edit: meh it's only 4m and they're going to increase more anyway might as well buy prayer levels
 
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Best pker + most mature summer awards 2011

Posted: June 25, 2010 10:58 amTop
   
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IRC Nickname: Sgtswordfish
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QUOTE: Pyroclastic0 @ June 25, 2010 05:46 am)
I got 10k dragon bones after update but before they started buying them all
now wondering whether to used for 90 prayer or make some money

that is a difficult question because it's something you want as a goal.

here's the scenario, since there's a large amount being bought it's just a matter of wether they'll break their historic highs or not. i personally think they will because people will want to get lvl 99 in prayer. etc.

in this case i would get prayer since you will be waiting and your bones will just be earning gp. then again you can buy time since bones are on the rise.....

what i personally would plan to do:

i've wanted to get lvl 99 prayer so i do buy dragon bones but i buy them cheaply and hold. i can only use a certain amount of bones a day so set up a quota and watch the price until they reach a price that the profits outweight any exp gains.(reason being is that they will be going back down and i'll be able to buy more bones due to the profits made)

other things to merch:

outside of dragon bones there is also big bones, regular bones. invest by buying below market and selling above thus making profit on the difference from buy to sell.

tips:

1. never buy high/sell low

2. flip if you have low investing worth, hold if you have a large-sum

3. if you spend 30-1 hour researching your investment. you're overthinking it and should not trade until you're confident.

4. ge updates once a day. buy until the 20th hour, at which point you'll sell for the remaining four hours

5. past performance is never an indicator of future performance. follow common sense, not your heart. invest lightly according to risk tolerance.
 
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Goals 2011
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Posted: June 25, 2010 02:13 pmTop
   
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IRC Nickname: Darth
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Posted: June 25, 2010 02:29 pmTop
   
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IRC Nickname: Indivi2you
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QUOTE: Kyle @ June 25, 2010 10:13 am)
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I'm blind, can you use braille?
 
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Posted: June 25, 2010 02:51 pmTop
   
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IRC Nickname: rachellove
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QUOTE: Indivi2you June 25, 2010 09:29 am

I'm blind, can you use braille?

Gene will have Robbie working on that forum update when he gets back. lol
 
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Thank you Garrett and Dallar.
“The day soldiers stop bringing you their problems
is the day you have stopped leading them.
They have either lost confidence that you can help them
or concluded that you do not care.
Either case is a failure of leadership.”
~~Colin Powell ~~

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Posted: June 26, 2010 07:22 amTop
   
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IRC Nickname: Maths
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QUOTE: Kyle @ June 26, 2010 12:13 am)
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happy.gif
 
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"Journeys are what brings us happiness,
Not the destination."

~ Two time ex-raid leader of wg ~

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Posted: June 27, 2010 12:22 amTop
   
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IRC Nickname: ka pineapple
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Tbh rs sucks, there are single players on rs who are rich enough and can buy out the stock of multiple items to raise their value then sell.

The rich only get richer and the poor stay poor.
 
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Posted: June 27, 2010 12:49 amTop
   
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IRC Nickname: DG_Keanu
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Haha I remember your sig tongue.gif

Unfortunately Joe is suspended now so it's invalid sad.gif

And Kyle ily wub.gif

But very true. And I am one of those poor people. Sucks to be me.
 
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[05:42] <+WG_Keanu> I think I got a semi just looking at the pic
[05:42] <%kat> same

Posted: June 27, 2010 02:22 amTop
   
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IRC Nickname: Sgtswordfish
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QUOTE: Ka Pineapple @ June 26, 2010 07:22 pm)
Tbh rs sucks, there are single players on rs who are rich enough and can buy out the stock of multiple items to raise their value then sell.

The rich only get richer and the poor stay poor.

you have to remember that i used to be poor

it took me 2 years to get to where i am now (1 year and a half was spend learning and the other half gave me what i needed).

i'm using myself as an example to prove that being poor isn't a state of being.

it's a mindset

if you want to be rich it's pointless because you're going to enslave yourself to the gp. better enslave yourself over real cash =D
 
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Goals 2011
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Posted: June 27, 2010 09:33 pmTop
   
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IRC Nickname: Vephy
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Kyle wins the topic. Derp.
 
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