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A Christmas Gift To BHW

Discussion in 'Making Money' started by nazareth1983, Dec 26, 2011.

  1. nazareth1983

    nazareth1983 Registered Member

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    I just wanted to share a possible big money maker with everyone on BHW forum. This is a theory I have been tinkering with and it is UNTESTED. And you will have to do some research in order to get up and going to use this method.

    I'm sure most of you have heard about Bitcoin... And this is what inspired this method. I am just way to busy with my current projects, and make more then my fair share working online. And figured I'd give something to the members on BHW that make less then $$$,$$$ a year. After all I have been blessed and this sites plethora of information fueled the flame that made me the Internet Marketer I am today.

    This method is trading digital currency for digital currency. Nothing amazing, but the trade rate is in your favor. This could be outsourced, but I'd be careful on how much information and trust I would give to the person you are outsourcing with. You must always protect your trade secrets.

    Ok enough talk, now lets get down to the method. We will be exchanging bitcoins for MMORGP game currency such as World of Warcraft gold. There is nothing illegal about trading digital items for digital items so the method is no doubt mostly white hat.

    This guide is not going to cover a lot of the technical aspects, just lay out the blueprint. If you want the money you will have to put in a bit of effort. But this has huge potential and I am hand feeding you the recipe.

    Step One: setup a bitcoin account at
    Code:
    [URL="http://bitcoin.org/"][COLOR=black][COLOR=lemonchiffon]http://bitcoin.org/[/COLOR][/COLOR][/URL]


    Step Two: Obtain bit coins, this can be done freely by mining them (which should only be considered if you are unable to spend a few dollars to obtain some), offer to buy them at half of the face value with instant payment A.K.A such as PayPal, to make a larger profit on sites such as Craigslist, or you can just avoid any hassle and use
    Code:
    [URL="https://www.tradehill.com/"][COLOR=black][COLOR=lemonchiffon]https://www.tradehill.com/[/COLOR][/COLOR][/URL]
    to buy them at around 3.00 per coin.


    You should buy a minimum of 12 bitcoins. Ok so you must be dieing to see how this is even remotely profitable if you are paying out 3.00 a piece. Lets do some math.

    Current Bitcoin exchange rate is 3.50 per coin, and I have seen vendors on games such as World of Warcraft looking to make connections with bitcoin vendors offers 10,000 gold for 3.5 bitcoins. Ok so now you are like what am I seriously going to do with 10,000 gold... Well that 10,000 gold is valued at 67.00 USD that will be sent right to your PayPal account upon selling in on a site such as
    Code:
    [URL="http://www.playerauctions.com/"][COLOR=black][COLOR=lemonchiffon]www.playerauctions.com[/COLOR][/COLOR][/URL]


    Step Three: Now to make this fast we need to take profits cut and get a middleman. You need to find someone that will buy your 10,000 gold or whatever currency for whatever game you decide to use. So face value is 67.00 for WoW gold, so we will cut off 17.00 so the middleman can have a chunk of the meat. And allow them to buy your 10k gold for 50.00 as you make exchanges.

    This allows you a profit gain of 37.75 USD per. Now do this 10 times a day, 5 days a week and you will make 1,887.50 per week, 7,550.00 per month, and 90,600.00 per year.

    That's at only 10 trades per day, and as I said you could outsource some of these steps such as the exchange of gold to cash, this wouldn't leak out any vital information. I would do my best to keep the exchange of bitcoins to yourself or someone you trust whole-heartedly.

    If you like this method take it, use it, and scale it as big or small as you like.

    Merry Christmas everyone on BHW!!!

    ~Naz~
     
    Last edited: Dec 26, 2011
  2. Thub15

    Thub15 Regular Member

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    I know you're serious, but this sounds like fantasy world stuff. WHich I guess it is because you're talking WOW. Thanks for the share, though!
     
  3. nazareth1983

    nazareth1983 Registered Member

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    The exchange rate of Online games is very real, just as the stock market is real and the IRS would love to get their hand in the cookie jar if that helps make this any less of a fantasy. Read about it here
    Code:
    [URL]http://news.cnet.com/2100-1043_3-6140298.html[/URL]
    I always thoroughly research a market, there is cash here if anyone is brave enough to make the journey.

    Best,
    ~Naz~
     
  4. download

    download Jr. VIP Jr. VIP Premium Member

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    Yeah, people are making bank trading WoW and Runescape currency for real cash. However, it's very risky and you have to be careful. Back in 2008 when I was addicted to Runescape the developers suddenly updated the game so that there was no more "free trade."
     
  5. marcmarcmarcmarc

    marcmarcmarcmarc Registered Member

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    That's not right.

    10k WoW gold goes for $10, not $67. There's no profit margin at all.
     
    • Thanks Thanks x 2
  6. CashFlowGuy

    CashFlowGuy Regular Member

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    Selling wow gold isnt easy anymore. My friend play WOW for over 5 years and told me that there is alot of people from china competing with you. Bitcoin is popular now but in due time this deal will not last. This might be fun for a while but dont expect to make a career out of it.
     
  7. nazareth1983

    nazareth1983 Registered Member

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    Thanks for pointing out the price of Gold Marc, I should have checked the current rate of gold on PA prior to posting, since it fluctuates so often. That is an error on my end, when I was looking into this 3.5 bit coins were equal 10k gold, and at that time 10k gold was 67.00 so, you would be trading for roughly 70k gold now, due to inflation on WoW gold market. The principle is, this can be used for any game. I was only using World of Warcraft in the example because that is the game I used when I done the research on this market.
     
  8. JoeDownLow

    JoeDownLow BANNED BANNED

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    i used to do this with runescape before discovering blackhat, it's really hard to make anything substansial with it. I would make $5 a day and you could probably make max $15 a day with one computer but they patched it recently so none of the bots work anymore.
     
  9. solar2010

    solar2010 BANNED BANNED

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    Talking about games...Waiting for Diablo 3 :)