Gold trading questions

[Teohuin]

Hello,

I and a few friends of mine have been talking about venturing into gold trading. We have no experience in this and are trying to do as much research as we can before we put down money on this. So I have a few questions.

Is gold farming still profitable if we're all willing to go the extra mile to invest in setting this all up?

How profitable can it be?

Lastly, none of us have played RN for a while(and one has never played at all), so is there anything important we should know about going into this?

Any advice would be much appreciated.

 

[Golds]

Gold farming is still profitable but you're joining the party really late. Gold prices have declined a lot this year already. You'd have to test many methods and bots to find something reliable and worth while. The only way to make any good money is to have your own custom bot that no one else has. Which costs a lot. By the sound of it you don't have much knowledge about new methods and current bots. With that in mind plus the low cost of gold and high cost of producing a good farm, I'd say it's not worth it for you.

 

[Teohuin]

Thank you for the reply! That is unfortunate though. We weren't really expecting to make a lot off of this. If anything we see this more as a fun project.

I'm still interested in knowing how much exactly one can reasonably expect to make if they went all out with this.

 

[Golds]

Thank you for the reply! That is unfortunate though. We weren't really expecting to make a lot off of this. If anything we see this more as a fun project.

I'm still interested in knowing how much exactly one can reasonably expect to make if they went all out with this.

That depends what going all out means for you. If you're going to go on a botting site and pick a premium bot and try to start a farm up that way and run it on your PC that's cheap. But not very good. If you develop a really good bot and master the art of creating, training and farming without bans you can make thousands per month. That method can cost $2k+ unless you code.

 

[Teohuin]

What we'd realistically try to do is go with picking up a premium bot like you said just to test the waters and see how we feel about continuing. If we decide to continue from there we wouldn't have an issue with making a 2k+ investment towards trying to cultivate a good set up.

I want to thank you again btw for the replies.

 

[Ugly God]

I'm not involved in botting or anything but from what i've heard ban rates are incredibly high, personally if i was going to have an attempt at starting a farm i would:

1. Teach my self to write my own scripts
2. Find a niece method of making money
3. Spend the time to make 5 - 10 decent accounts (1200+ total)
4. Don't over do how long they play keep it at like 8 hours

 

[malingoo]

slow but steady wins the race

 

[DT_]

You need to think outside the box, you need to know when to outsource processes and when to do them yourself. The journey is full of drama and can really put you off. But if you persist you'll eventually figure it out.

Profit wise it just depends on the amount of luck you have and how you play the game. I know some who have lost thousands and quit and I know others who have gained thousands. Both have decent strategies but some just don't work out.

My #1 tip is don't rush things. Take it slow and steady and just don't invest too much, only little amounts. If training etc an account works out on 1 doesn't mean It'll work on 10 the following week.