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The More Gold There is, The more gold to be made!

Mookruiz said:
I am honoured that my flippant post spawned a whole thread.

All you have done is dress AH flipping in different clothing.
So my original point still stands:

f
a
i
l

Plus if you think $10 per day is good then is your life-time aspiration to own one of these?

2012_1$thumbimg127_Jan_2012_102242420-ll.jpg
Click to expand...

If you don't think 300$ a month is of any value then you are clearly a moron:) I hope to god you don't do your own taxes.

You : "$800 return, $1400 return, Who Cares, My goal isn't to live in a shack!!!"... Derp derpa doo
 
Last edited:
A) I was referring to his lack of money sense in general.
B) Technically all income via demon buddy should be claimed under Other income... I think its line 403 or 407.

Were you unaware you are legally obliged to pay taxes on money you've earned? Are you all 14?
 
this is probably the scam where u buy an item put it on ah and say on chat or forums WTB x with these stats (the stats on your item )
i do agree tho that flipping gets u more gold - but it involves spending time on ah which is meh since gold is worthless
 
But the more gold there is, the more gold can be acquired in a single trade... 100mil at 10 cents = 1000 mil at 1 cent.

And like I said I have a bot that does all this for me, I just get the items myself
 
Buy shitty items with low search result competition.

Edit script to spam wtb said item.

Dumbasses search AH's and buy it to flip it to you for a profit.

Seems like it'd be a hassle to move the amount of gold needed for me, but fun as a hobby type deal I guess.
 
Yeah, Then it really just comes down to finding a niche in the RMAH for items people ALWAYS buy for some reason... yeah I do have to set it up in the morning , 15 20 mins.. and then set the rmah sales at night... another 10 maybe...
 
Yeah maybe It wasn't super clear... English is not a first language for me.
 
Okey as i expected just buy a item from the ah looking like this

Look in ah fro a stupid item that is cheep and only 1 in ah with those stats. Put like thorn or ton of health globe or what ever. Buy it for lets say 10 mil.
Repost it on ah for 50 mil... wait couple of hours so buy does not see hey that item has 1day 12 hours.
Start spamming trade that your looking for that item. And say that you will buy it for 70 mil.
Greedy guy checks Ah and buy item for 50 mil. Contacts you to sell, you say that someone sold already.

What OP is saying that he found a way to automate this.
 
Mookruiz said:
I am honoured that my flippant post spawned a whole thread.

All you have done is dress AH flipping in different clothing.
So my original point still stands:

f
a
i
l

Plus if you think $10 per day is good then is your life-time aspiration to own one of these?

2012_1$thumbimg127_Jan_2012_102242420-ll.jpg
Click to expand...

Do you have a picture of the other 2 little piglets house? I want to own one of these.. armadylans teach me how to scam!! now all i need is a wolf and a internet connection in the backyard.. oh it will be fun to pretend
 
armadylans said:
A) I was referring to his lack of money sense in general.
B) Technically all income via demon buddy should be claimed under Other income... I think its line 403 or 407.

Were you unaware you are legally obliged to pay taxes on money you've earned? Are you all 14?
Click to expand...

I Feel Bad For You. You Know Nothing About Paypal And Taxes.
 
Harmacintyre said:
I Feel Bad For You. You Know Nothing About Paypal And Taxes.
Click to expand...

Funny enough I work for the Canada revenue agency in Sudbury Ontario (look it up it's real). And I do..... trust me I do....

For those of you interested in the truth:
If you receive more than $600 in payments from any one client and or service, that client is required to issue you a 1099 Form. You will then use that 1099 information to prepare your tax return.

If you are a merchant that sells regularly then you don't need to submit if your income is less then $20,000 OR 200 transactions.

I have already got my t1099 from paypal, Maybe it is different for you in your stone hut xD

edit : Or maybe your making so little they don't even care :P
 
armadylans said:
Funny enough I work for the Canada revenue agency in Sudbury Ontario (look it up it's real). And I do..... trust me I do....

For those of you interested in the truth:
If you receive more than $600 in payments from any one client and or service, that client is required to issue you a 1099 Form. You will then use that 1099 information to prepare your tax return.

If you are a merchant that sells regularly then you don't need to submit if your income is less then $20,000 OR 200 transactions.

I have already got my t1099 from paypal, Maybe it is different for you in your stone hut xD

edit : Or maybe your making so little they don't even care :P
Click to expand...

What is Internal Revenue Code (IRC) Section 6050W?
Under the legislation, we'll report to the IRS the total payment volume received by US account holders whose payments exceed both of these levels in a calendar year:

US$20,000 in gross payment volume from sales of goods or services in a single year
200 separate payments for goods or services in the same year
IRC Section 6050W applies to all payment processors, including PayPal. Our goal is to help PayPal sellers understand and comply with the new requirements.

How will I know if IRC Section 6050W affects me?
PayPal will track the payment volume of your account(s) to check whether your payment volume exceeds both of these levels in a calendar year:

$20,000 USD in gross payment volume from sales of goods or services in a single year
200 payments for goods or services in the same year
You may be asked to add your tax ID number, such as a Social Security Number (SSN) or Employer Identification Number (EIN), to your existing account(s), if you don?t already have one on file.

If you cross the IRS thresholds in 2012, PayPal will send Form 1099-K to you and the IRS for the 2012 tax year in early 2013.



https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W
 
Cool scam you got going, good job automating it. What did you use Autoit? Ubot?
 
Harmacintyre said:
What is Internal Revenue Code (IRC) Section 6050W?
Under the legislation, we'll report to the IRS the total payment volume received by US account holders whose payments exceed both of these levels in a calendar year:

US$20,000 in gross payment volume from sales of goods or services in a single year
200 separate payments for goods or services in the same year
IRC Section 6050W applies to all payment processors, including PayPal. Our goal is to help PayPal sellers understand and comply with the new requirements.

How will I know if IRC Section 6050W affects me?
PayPal will track the payment volume of your account(s) to check whether your payment volume exceeds both of these levels in a calendar year:

$20,000 USD in gross payment volume from sales of goods or services in a single year
200 payments for goods or services in the same year
You may be asked to add your tax ID number, such as a Social Security Number (SSN) or Employer Identification Number (EIN), to your existing account(s), if you don?t already have one on file.

If you cross the IRS thresholds in 2012, PayPal will send Form 1099-K to you and the IRS for the 2012 tax year in early 2013.



https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W
Click to expand...

<Canada
<Far over 200 payments from blizz
 
LMAO.... did you just call Canada an abstract country....... wow.... I am so glad to have been raised with a proper education system...

Have you heard of all dem' botters in da' town of chinese?
DEY TOOK URRR JOOOOBS!

In all seriousness good luck in life...
 
Unless You Can Refute The Paypal Claims I See No Point In Continuing This One Sided Conversation. Have A Nice Day.
 
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