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K Raz
Crysonian
5
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Posted - 2014.10.22 10:39:15 -
[1] - Quote
http://i.imgur.com/KZgHgWF.png
How will this change the market? -News at 11
(Wasn't CCP btw, player unloaded FW stuff) |
Cista2
Phoibe Enterprises
21
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Posted - 2014.10.22 13:06:26 -
[2] - Quote
No influence at all. The price is far from 900 mil, there are currently 400 other PLEX for sale at cheaper prices, and 2,000 new PLEX are added and removed from Jita each day. |
Sorao Soreen
Bear Bones Brigade The Bastards.
40
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Posted - 2014.10.22 13:19:48 -
[3] - Quote
K Raz wrote:http://i.imgur.com/KZgHgWF.png
How will this change the market? -News at 11
(Wasn't CCP btw, player unloaded FW stuff)
Like a drop in the ocean |
Jax Kazen
Prometheus Deep Space Mining and Salvage
11
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Posted - 2014.10.22 15:18:42 -
[4] - Quote
That thing will sit - the median price of PLEX sales over the last 90 days is much closer to the buy price than the sell price. So the volume is being driven by people selling PLEX to buyers vs buyers buying from sell orders. PLEX may eventually hit that price especially with the unlimited queue changes in November but that's just speculation (as is everything in the market).
I think that the bigger question is what is the opportunity cost of tying up that much capital for an 8% gain (current price vs 900M price). I mean if it takes 3-6 months to hit 900M how much could that isk have been making otherwise vs sitting on the market at an unsellable price? |
Cista2
Phoibe Enterprises
21
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Posted - 2014.10.22 16:47:40 -
[5] - Quote
Jax Kazen wrote:I think that the bigger question is what is the opportunity cost of tying up that much capital for an 8% gain (current price vs 900M price). I mean if it takes 3-6 months to hit 900M how much could that isk have been making otherwise vs sitting on the market at an unsellable price? It is an awful move, except maybe the seller will be away from EVE the next 3 months, who knows.
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Arronicus
Bitter Lemons Brothers of Tangra
1178
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Posted - 2014.10.22 17:15:15 -
[6] - Quote
Could be that the seller decided that if plex ever reached 900mil they would cash out, that they finally hit the smallest margin to not be worth buying at still, and they wanted to be first in line with 900mil price.
It's not stupid, far from it, to have a gameplan, and to stick to it. |
Cista2
Phoibe Enterprises
21
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Posted - 2014.10.22 17:48:30 -
[7] - Quote
Arronicus wrote: they wanted to be first in line with 900mil price. Yea "first in line" would work if all other sellers were courteous enough to sell at 900,000,000.01 isk |
Vaerah Vahrokha
Vahrokh Consulting
5555
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Posted - 2014.10.22 18:17:02 -
[8] - Quote
Cista2 wrote:Arronicus wrote: they wanted to be first in line with 900mil price. Yea "first in line" would work if all other sellers were courteous enough to sell at 900,000,000.01 isk
It all depends on the market turnover. If the other traders put up smaller orders at 0.01 ISK away then the big order still acts as resistance / blocking order. Their orders will melt and then the big order would start getting slowly (or less slowly) "eroded".
Anyway, Big Round Numbers come to the rescue! My now old RL trading vs EvE thread never gets really old
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel
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flakeys
Arkham Innovations
2556
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Posted - 2014.10.22 18:19:18 -
[9] - Quote
Jax Kazen wrote:
I think that the bigger question is what is the opportunity cost of tying up that much capital for an 8% gain (current price vs 900M price). I mean if it takes 3-6 months to hit 900M how much could that isk have been making otherwise vs sitting on the market at an unsellable price?
Let's say the guy is as bored as me with eve .Now unlike me he isn't a forumplayer and with the new unlimited skillqeue he could just leave the game now and come back in a years time , i just plexed for 3 more years and intend to use the skillqeue as soon as it hits the server to never have to log in again unless i need to transfer isk to someone so it isn't THAT odd.. He could assume , wich isn't all that odd as well , that by that time the price will have well exceeded 900M.Also we can only assume it's an 8% profit margin if we know for certain he got them at the current price.Even then 8% on 800B is better then nothing on 800B wouldn't you think?
So in short , we can assume a lot , but as none of us knows the inner thought he put into it we will never know but to me it doesn't look that stupid.
We are all born ignorant, but one must work hard to remain stupid.
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Arronicus
Bitter Lemons Brothers of Tangra
1178
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Posted - 2014.10.22 18:21:20 -
[10] - Quote
Now that I think about it, there is another angle too. If they put up the sell order at today's current sell prices, that might spook people. That many plex MIGHT be enough to get another stockpiler to think it's time to cash out. With each order driving the next into selling, could see a plex price crash, provided they were stupid about dropping the price to undercut eachother. This way, it looks less like a panic sell or immediate cahsout. |
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Klara Hopski
Pator Tech School Minmatar Republic
0
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Posted - 2014.10.22 19:25:30 -
[11] - Quote
Me thinks he'd have been better off just buying up all the PLEX he could with that ISK, from the main market hubs, then putting it back on the market at the lowest price, which would be on average higher than the average he payed for the PLEX.
Really though investing in a CCP controlled market is stupid risky. Could do the same with minerals or isotope or ship markets and dominate without fear of CCP buttfucking him. |
Saska Samar
Jebediah Kerman's Junkyard and Spaceship Parts Co. Brave Collective
7
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Posted - 2014.10.22 19:58:02 -
[12] - Quote
There is more info on this here: Safe Reddit link
If you don't want to go external the TL;DR is he bought them low, is selling high, first put up for 827m each by mistake and it cost 3b to re-list at higher price.
Or it could all be a troll |
Vaerah Vahrokha
Vahrokh Consulting
5555
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Posted - 2014.10.22 22:29:36 -
[13] - Quote
Off topic:
Wow, like received = 5555!
This odd number made me want to say that these peculiar numbers play a role in RL finance. In fact, big investors don't just use Big Round Numbers but also easy to type numbers when they need to place orders that won't sit on a round number. In example some currencies see big activity around prices like: 1.3333, 1.6666 and similar. This also happens in EvE, but in a different way: some traders love to place their items at "signature prices", where the signature is in the decimal digits. This was expecially common before CCP made colors more important in the market window.
Klara Hopski wrote:Me thinks he'd have been better off just buying up all the PLEX he could with that ISK, from the main market hubs, then putting it back on the market at the lowest price, which would be on average higher than the average he payed for the PLEX.
Really though investing in a CCP controlled market is stupid risky. Could do the same with minerals or isotope or ship markets and dominate without fear of CCP buttfucking him.
You have to enter in the mindset of the big guys. They (and I, despite not being that "big" at all, compared to some) don't care at all to make some more ISK by working hard to clear markets in peripheral hubs and relist at Jita or similar. It's too much :effort:.
Better make a 50B profit in 5 minutes or earn 70B with tiresome effort and warping around? (I am generalizing the case to all kinds of stock). Clearly the first, and by doing it you can seek for another 50B opportunity in the next 5 minutes. By chasing the other option you'll still be moving stuff around by the time you found the second 50B opportunity by playing lazy.
In the end I (and others) just setup a totally passive chain of ISK "generation". As posted on another thread, I (and I see Flakeys as well) don't need to play at all for months, ISK just generates by somebody else's efforts for us. "Free" PLEXes forever.
Sadly for me (and I am sure, for others) this had been my "game victory condition" since the early days, once achieved it the desire to "play more" at EvE goes down to the point of playing very little.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel
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X ATM092
Clan Shadow Wolf Fatal Ascension
431
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Posted - 2014.10.23 09:52:11 -
[14] - Quote
this was a misclick by me, nothing to see here folks |
mynnna
GoonWaffe Goonswarm Federation
3822
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Posted - 2014.10.23 12:53:43 -
[15] - Quote
The part of this thread where y'all are attributing some master trading nonsense to Kwark is p. funny.
Member of the Goonswarm Economic Warfare Cabal
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flakeys
Arkham Innovations
2556
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Posted - 2014.10.23 19:28:23 -
[16] - Quote
mynnna wrote:The part of this thread where y'all are attributing some master trading nonsense to Kwark is p. funny.
in the land of the blind the one eyed man is king or as non-gamers usually say it ''one nerd to rule them all'' .
We are all born ignorant, but one must work hard to remain stupid.
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Vyktor Abyss
The Abyss Corporation Abyss Alliance
560
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Posted - 2014.10.23 20:03:09 -
[17] - Quote
That's a lot of tax paid. |
flakeys
Arkham Innovations
2558
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Posted - 2014.10.23 20:07:55 -
[18] - Quote
Vyktor Abyss wrote:That's a lot of tax paid.
It's allways funny how people can see that in a game yet when in reall life they forget to see how much more tax a rich man pays compared to a poor guy and as such how much more his contribution is to the sociall security.Unless you're american , then hell yeah **** the rich as there is no social security .
We are all born ignorant, but one must work hard to remain stupid.
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Ria Nieyli
21915
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Posted - 2014.10.23 20:15:58 -
[19] - Quote
flakeys wrote:Vyktor Abyss wrote:That's a lot of tax paid. It's allways funny how people can see that in a game yet when in reall life they forget to see how much more tax a rich man pays compared to a poor guy and as such how much more his contribution is to the sociall security.Unless you're american , then hell yeah **** the rich as there is no social security .
It's easier to relate to being spacerich, virtually everyone here is a millionaire at the very least.
As for social security, if that thing works properly in your country, consider yourself fortunate.
Mirrored eyes
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flakeys
Arkham Innovations
2558
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Posted - 2014.10.23 20:24:49 -
[20] - Quote
Ria Nieyli wrote:flakeys wrote:Vyktor Abyss wrote:That's a lot of tax paid. It's allways funny how people can see that in a game yet when in reall life they forget to see how much more tax a rich man pays compared to a poor guy and as such how much more his contribution is to the sociall security.Unless you're american , then hell yeah **** the rich as there is no social security . It's easier to relate to being spacerich, virtually everyone here is a millionaire at the very least. As for social security, if that thing works properly in your country, consider yourself fortunate.
It doesn't work properly anywhere.The question is do you want the people who don't need it to leech it too or do you want those who need it to lack it.I myself rather go for the first one even if it costs me more money.
We are all born ignorant, but one must work hard to remain stupid.
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mynnna
GoonWaffe Goonswarm Federation
3822
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Posted - 2014.10.24 03:11:25 -
[21] - Quote
Ria Nieyli wrote:flakeys wrote:Vyktor Abyss wrote:That's a lot of tax paid. It's allways funny how people can see that in a game yet when in reall life they forget to see how much more tax a rich man pays compared to a poor guy and as such how much more his contribution is to the sociall security.Unless you're american , then hell yeah **** the rich as there is no social security . It's easier to relate to being spacerich, virtually everyone here is a millionaire at the very least. As for social security, if that thing works properly in your country, consider yourself fortunate.
A millionaire in EVE isn't actually space rich though.
Member of the Goonswarm Economic Warfare Cabal
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Bad Bobby
Bring Me Sunshine In Tea We Trust
612
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Posted - 2014.10.24 06:17:06 -
[22] - Quote
flakeys wrote:Ria Nieyli wrote:As for social security, if that thing works properly in your country, consider yourself fortunate. It doesn't work properly anywhere.The question is do you want the people who don't need it to leech it too or do you want those who need it to lack it.I myself rather go for the first one even if it costs me more money. Every system has inefficiencies.
An internal combustion engine that is 20% efficient will still get you to work in the morning, even though it wastes 80% of the energy you put into it on other things.
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Ria Nieyli
21915
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Posted - 2014.10.24 08:08:27 -
[23] - Quote
flakeys wrote:It doesn't work properly anywhere.The question is do you want the people who don't need it to leech it too or do you want those who need it to lack it.I myself rather go for the first one even if it costs me more money. Maybe i'm just too demanding , maybe i'm just like my father too bold .
Sure, I'm all for helping those in need, but how do you define who needs it? That's the part that's not working properly most of the time.
mynnna wrote:A millionaire in EVE isn't actually space rich though.
True, however the psychological effect of the magnitude of the numbers used in EvE desensitises you to the actual value of your space cash. If you can make 50m for an hour of the time, you subconsciously class yourself as rich, regardless of your actual situation, i.e. people complaining about PLEX prices in GD. People are conditioned to think that a million is a lot, and when you get handed multiples of that for little effort, it warps your sense of reality.
Mirrored eyes
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flakeys
Arkham Innovations
2560
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Posted - 2014.10.24 11:51:08 -
[24] - Quote
Ria Nieyli wrote:flakeys wrote:It doesn't work properly anywhere.The question is do you want the people who don't need it to leech it too or do you want those who need it to lack it.I myself rather go for the first one even if it costs me more money. Maybe i'm just too demanding , maybe i'm just like my father too bold . Sure, I'm all for helping those in need, but how do you define who needs it? That's the part that's not working properly most of the time.
Wich would be the part where i said people are able to leech from it .It's either that or nothing at all and as said before then i choose the first.
We are all born ignorant, but one must work hard to remain stupid.
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Ria Nieyli
21915
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Posted - 2014.10.24 13:30:52 -
[25] - Quote
flakeys wrote:Wich would be the part where i said people are able to leech from it .It's either that or nothing at all and as said before then i choose the first.
This would be all good and well if everybody that needed help got it. In reality that's not the case, as there's people bleeding the system dry on every level from the top down. The result is that some people that actually need assistance are left to fend for themselves, because there simply aren't enough resources left for them.
Mirrored eyes
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Daniel Plain
Science and Trade Institute Caldari State
2141
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Posted - 2014.10.24 14:51:23 -
[26] - Quote
Ria Nieyli wrote:flakeys wrote:Wich would be the part where i said people are able to leech from it .It's either that or nothing at all and as said before then i choose the first. This would be all good and well if everybody that needed help got it. In reality that's not the case, as there's people bleeding the system dry on every level from the top down. The result is that some people that actually need assistance are left to fend for themselves, because there simply aren't enough resources left for them. comrade stalin used to have his top level people shot on a regular basis, just to keep the resources flowing. those were the days...
I should buy an Ishtar.
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flakeys
Arkham Innovations
2560
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Posted - 2014.10.24 15:19:53 -
[27] - Quote
Ria Nieyli wrote:flakeys wrote:Wich would be the part where i said people are able to leech from it .It's either that or nothing at all and as said before then i choose the first. This would be all good and well if everybody that needed help got it. In reality that's not the case, as there's people bleeding the system dry on every level from the top down. The result is that some people that actually need assistance are left to fend for themselves, because there simply aren't enough resources left for them.
And again yes i know.Let's make this easier and to the point:
Do you agree with me that it is better to have a system to help out a lot of people EVEN though it will be abused by those who do not need any help and that it also does not help everyone in need OR do you believe that since you can not help everyone and the system will be abused it is better to offer no helping hand at all.
That is all that it comes down to , there is no in between possible.
Daniel Plain wrote:Ria Nieyli wrote:flakeys wrote:Wich would be the part where i said people are able to leech from it .It's either that or nothing at all and as said before then i choose the first. This would be all good and well if everybody that needed help got it. In reality that's not the case, as there's people bleeding the system dry on every level from the top down. The result is that some people that actually need assistance are left to fend for themselves, because there simply aren't enough resources left for them. comrade stalin used to have his top level people shot on a regular basis, just to keep the resources flowing. those were the days...
Mostly because he was one paranoid freak ...
We are all born ignorant, but one must work hard to remain stupid.
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Ria Nieyli
21915
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Posted - 2014.10.24 16:54:34 -
[28] - Quote
flakeys wrote:And again yes i know.Let's make this easier and to the point:
Do you agree with me that it is better to have a system to help out a lot of people EVEN though it will be abused by those who do not need any help and that it also does not help everyone in need OR do you believe that since you can not help everyone and the system will be abused it is better to offer no helping hand at all.
That is all that it comes down to , there is no in between possible.
In the general sense that the question was asked, I answer 1), with the caveat that it has to be done well enough not to screw over the active participants in it (i.e. the people who pay for everything through taxes), or Greece happens.
Mirrored eyes
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Nathan Shavit
Shavit Risk Management
0
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Posted - 2014.10.28 09:30:16 -
[29] - Quote
K Raz wrote:http://i.imgur.com/KZgHgWF.png
How will this change the market? -News at 11 It won't. But I do love that price. When I left EVE they were trading at 550m. Time to sell some PLEX XD
There is no problem an air strike cannot solve.
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Black Madness
Natural Born Builders New Eden Gambling Alliance
13
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Posted - 2014.10.28 21:10:28 -
[30] - Quote
In the meanwhile this afternoon plex were at 850M.
www.eve-gamblers.org
-= Real PRO use isk =-
Eve Forum thread:-áhttp://goo.gl/q1rpFy
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