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Maverick Tiberius Kirk
Echelon Research SpaceMonkey's Alliance
5
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Posted - 2015.05.08 11:52:40 -
[1] - Quote
I have 2.3 Billion i thought i was rich. I see some of you guys with hundreds of billions... Please tell me how do I make that much money |
Sabriz Adoudel
Glorious Revolutionary Armed Forces of Highsec CODE.
5075
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Posted - 2015.05.08 12:18:54 -
[2] - Quote
I'm space middle class - probably worth about 100b total (not counting the value of my characters were I to sell them).
Rich is an EVE player that can decide, on a whim, "I want to buy a Titan and a pilot to sit in it" and can do so without really hurting.
How do you get there? Buy low, sell high, and do so on things that are scalable.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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Big Lynx
1299
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Posted - 2015.05.08 12:19:14 -
[3] - Quote
Platinum American Express |
Samillian
Angry Mustellid The Periphery
776
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Posted - 2015.05.08 12:22:40 -
[4] - Quote
Big Lynx wrote:Platinum American Express
Aalternatively patience, knowledge and effort.
Its much more satisfying.
NBSI shall be the whole of the Law
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Lan Wang
Stillwater Corporation That Escalated Quickly.
546
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Posted - 2015.05.08 12:25:03 -
[5] - Quote
depends if you mean liquid or total including assets, personally i have stopped holding liquid because i end up losing it all on iwantisk so i buy assets instead but trading never worked for me either
EVEALON Creative - Logo Design & Branding | Digital Design
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Sabriz Adoudel
Glorious Revolutionary Armed Forces of Highsec CODE.
5077
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Posted - 2015.05.08 12:26:21 -
[6] - Quote
Lan Wang wrote:depends if you mean liquid or total including assets, personally i have stopped holding liquid because i end up losing it all on iwantisk so i buy assets instead but trading never worked for me either
Proof running a gambling site is the best scam in EVE
You don't even need to lie.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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Lan Wang
Stillwater Corporation That Escalated Quickly.
546
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Posted - 2015.05.08 12:31:17 -
[7] - Quote
Sabriz Adoudel wrote:Lan Wang wrote:depends if you mean liquid or total including assets, personally i have stopped holding liquid because i end up losing it all on iwantisk so i buy assets instead but trading never worked for me either Proof running a gambling site is the best scam in EVE You don't even need to lie.
yup but its hard to realise "ah just another bil and ill win this jump freighter" before you know it your down more than the freighter costs in jita
EVEALON Creative - Logo Design & Branding | Digital Design
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Sabriz Adoudel
Glorious Revolutionary Armed Forces of Highsec CODE.
5078
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Posted - 2015.05.08 12:36:05 -
[8] - Quote
Lan Wang wrote:Sabriz Adoudel wrote:Lan Wang wrote:depends if you mean liquid or total including assets, personally i have stopped holding liquid because i end up losing it all on iwantisk so i buy assets instead but trading never worked for me either Proof running a gambling site is the best scam in EVE You don't even need to lie. yup but its hard to realise "ah just another bil and ill win this jump freighter" before you know it your down more than the freighter costs in jita
You got scammed every bit as much as the people I used to trick into accepting contracts.
"halp I got my storyline mission item stolen by a ganker, need Elite Drone AI bad, paying 400m - [Want to Buy]: Elite Drone AI" with a contract that's a renamed 'want to sell' contract.
That one probably doesn't work any more, although I guess I could do it with Militants instead. Every mission runner has lots of Militants.
Some RL advice to the player behind the screen - read up on the psychology of gambling if you honestly believe 'I deserve to win soon, it's been ages'. You *need* to take some maths classes IRL to get those misconceptions about probability out of your head - they will cost you a lot of money.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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Sabriz Adoudel
Glorious Revolutionary Armed Forces of Highsec CODE.
5078
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Posted - 2015.05.08 12:36:50 -
[9] - Quote
Lan Wang wrote:Sabriz Adoudel wrote:Lan Wang wrote:depends if you mean liquid or total including assets, personally i have stopped holding liquid because i end up losing it all on iwantisk so i buy assets instead but trading never worked for me either Proof running a gambling site is the best scam in EVE You don't even need to lie. yup but its hard to realise "ah just another bil and ill win this jump freighter" before you know it your down more than the freighter costs in jita
You got scammed every bit as much as the people I used to trick into accepting contracts.
"halp I got my storyline mission item stolen by a ganker, need Elite Drone AI bad, paying 400m - [Want to Buy]: Elite Drone AI" with a contract that's a renamed 'want to sell' contract.
That one probably doesn't work any more, although I guess I could do it with Militants instead. Every mission runner has lots of Militants.
Some RL advice to the player behind the screen - read up on the psychology of gambling if you honestly believe 'I deserve to win soon, it's been ages'. You *need* to take some maths classes IRL to get those misconceptions about probability out of your head - they will cost you a lot of money.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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Lan Wang
Stillwater Corporation That Escalated Quickly.
548
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Posted - 2015.05.08 13:28:05 -
[10] - Quote
Sabriz Adoudel wrote:Lan Wang wrote:Sabriz Adoudel wrote:Lan Wang wrote:depends if you mean liquid or total including assets, personally i have stopped holding liquid because i end up losing it all on iwantisk so i buy assets instead but trading never worked for me either Proof running a gambling site is the best scam in EVE You don't even need to lie. yup but its hard to realise "ah just another bil and ill win this jump freighter" before you know it your down more than the freighter costs in jita You got scammed every bit as much as the people I used to trick into accepting contracts. "halp I got my storyline mission item stolen by a ganker, need Elite Drone AI bad, paying 400m - [Want to Buy]: Elite Drone AI" with a contract that's a renamed 'want to sell' contract. That one probably doesn't work any more, although I guess I could do it with Militants instead. Every mission runner has lots of Militants. Some RL advice to the player behind the screen - read up on the psychology of gambling if you honestly believe 'I deserve to win soon, it's been ages'. You *need* to take some maths classes IRL to get those misconceptions about probability out of your head - they will cost you a lot of money.
nah not really, your assuming isk has an impact on my rl, which it doesnt, its merely like playing poker with free credits which you dont care about because they dont affect you, it would be nice to win the freighter and sometimes you do but you always do end up spending more than you win in the end i know all this, but yeah it can be fun sometimes, just like flying a blingy ship around solo looking to welp it, you know your gonna get blobbed but you still just go ahead and do it.
its all fun in the end
EVEALON Creative - Logo Design & Branding | Digital Design
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u3pog
Ministerstvo na otbranata
27
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Posted - 2015.05.08 14:18:43 -
[11] - Quote
There is no easy way of making a lot of ISK. It takes years of effort, some luck and intelligence to get there.
Some people may claim: hey, I make 1 bil per hour...however they forget to mention their high skilled pilot, investing in Dreadnought and who knows how many other alts to scan the wormhole, for repairs or simply to keep an eye on the entrances. They also forget how much time it took them to actually find a suitable wormhole, but hey, they earn 1 bil per hour...Maybe, after everything else is prepared. Oh, do not forget you need to move stuff to trade hub where you actually make that money.
Trading involves market pvp, so you can lose a lot if you're not careful, or CCP makes a change. Ganking is not always profitable and it takes a lot of survey and some luck.
Arguably the safest way to make isk right now is by doing incursions, but there is a huge thread on GD forums regarding the matter.
And plenty more activities out there, even scamming takes time to plan and spam. |
lord xavier
Immortalis Inc. Shadow Cartel
62
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Posted - 2015.05.08 17:04:14 -
[12] - Quote
There are plenty of ways to make isk in this game. All of them take patience and time though. Whether you run level 4 missions in high/null sec, level 5 missions in lowsec, ratting, incursions, wormholes, trading, or whatever you do for isk. It really depends on what you want to do with your time, what you find the most enjoyable so you do not get bored. Also what is available to you with your capabilities. I know people with several hundred bill who do nothing but PVE in Wormholes, Incursions or Level 5 missions. I also know people in the same boat who do market trading, scamming, character trading or just investing. Just depends on what you have the patience for. |
HeXxploiT
Big Diggers Get Off My Lawn
141
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Posted - 2015.05.08 17:13:25 -
[13] - Quote
Know your products know your markets. Many in eve such as winners of the T2 BPO lotteries just ended up with that money in their lap but still don't have a clue how to make isk. The real trick is to take the capital you have and turn it into more capital. 70% of my assets are items that I believe will be worth more in future then their current valuation. Sitting on stale assets is wasted profit potential. I keep enough liquid isk to trade with and that's it. Taking time to understand products in the eve universe is key as then one can have confidence in one's investment. Successful big traders work the same way as successful small traders just with more expensive items. |
Lan Wang
Stillwater Corporation That Escalated Quickly.
551
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Posted - 2015.05.08 17:22:31 -
[14] - Quote
Also if you have rl skills and provide something relevant to eve then you can make some good isk
EVEALON Creative - Logo Design & Branding | Digital Design
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Sabriz Adoudel
Glorious Revolutionary Armed Forces of Highsec CODE.
5083
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Posted - 2015.05.09 00:03:55 -
[15] - Quote
HeXxploiT wrote:Know your products know your markets. Many in eve such as winners of the T2 BPO lotteries just ended up with that money in their lap but still don't have a clue how to make isk. The real trick is to take the capital you have and turn it into more capital. 70% of my assets are items that I believe will be worth more in future then their current valuation. Sitting on stale assets is wasted profit potential. I keep enough liquid isk to trade with and that's it. Taking time to understand products in the eve universe is key as then one can have confidence in one's investment. Successful big traders work the same way as successful small traders just with more expensive items.
Liquid ISK can be a productive asset if you have it on the day a balance change is announced.
Fly/JC to Jita, buy 10b worth of something that you have good reason to believe will go up, and you can make enough to merit having had that 10b sitting idle for a while.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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Maverick Tiberius Kirk
Echelon Research SpaceMonkey's Alliance
6
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Posted - 2015.05.09 00:04:54 -
[16] - Quote
Sabriz Adoudel wrote:HeXxploiT wrote:Know your products know your markets. Many in eve such as winners of the T2 BPO lotteries just ended up with that money in their lap but still don't have a clue how to make isk. The real trick is to take the capital you have and turn it into more capital. 70% of my assets are items that I believe will be worth more in future then their current valuation. Sitting on stale assets is wasted profit potential. I keep enough liquid isk to trade with and that's it. Taking time to understand products in the eve universe is key as then one can have confidence in one's investment. Successful big traders work the same way as successful small traders just with more expensive items. Liquid ISK can be a productive asset if you have it on the day a balance change is announced. Fly/JC to Jita, buy 10b worth of something that you have good reason to believe will go up, and you can make enough to merit having had that 10b sitting idle for a while.
I do not have 10bil |
TheSmokingHertog
TALIBAN EXPRESS
311
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Posted - 2015.05.09 00:41:37 -
[17] - Quote
What if ISK would not make / brake the day, but a reliable turnover to accomplish your EVE goals?
Sitting on a nice PLEX a month in income, thats enough... isn't it?
My net worth in trade would be about 45 bil, I could double it, but it would double the work.
Lets just be happy.
*
To answer your question, how rich are people?
Its better to ask how rich are Corporations, Alliances, Coalitions?
The big (single) players in hubs / markets have not just their own funds, they manage funds of other people.
So, asking traders; what is your NW minus loans? would give a better answer to your question.
For me that would be about 40 bil NW
"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X
"Schrödinger's Missile. I dig it." ~ Makari Aeron
-= "Brain in a Box on Singularity" - April 2015 =-
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Sabriz Adoudel
Glorious Revolutionary Armed Forces of Highsec CODE.
5083
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Posted - 2015.05.09 02:17:40 -
[18] - Quote
TheSmokingHertog wrote:What if ISK would not make / brake the day, but a reliable turnover to accomplish your EVE goals?
Sitting on a nice PLEX a month in income, thats enough... isn't it?
My net worth in trade would be about 45 bil, I could double it, but it would double the work.
Lets just be happy.
*
To answer your question, how rich are people?
Its better to ask how rich are Corporations, Alliances, Coalitions?
The big (single) players in hubs / markets have not just their own funds, they manage funds of other people.
So, asking traders; what is your NW minus loans? would give a better answer to your question.
For me that would be about 40 bil NW
ISK is only ever a means to an end. The more ISK you have, the more insane the end can be.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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HeXxploiT
Big Diggers Get Off My Lawn
141
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Posted - 2015.05.09 03:11:07 -
[19] - Quote
Sabriz Adoudel wrote:HeXxploiT wrote:Know your products know your markets. Many in eve such as winners of the T2 BPO lotteries just ended up with that money in their lap but still don't have a clue how to make isk. The real trick is to take the capital you have and turn it into more capital. 70% of my assets are items that I believe will be worth more in future then their current valuation. Sitting on stale assets is wasted profit potential. I keep enough liquid isk to trade with and that's it. Taking time to understand products in the eve universe is key as then one can have confidence in one's investment. Successful big traders work the same way as successful small traders just with more expensive items. Liquid ISK can be a productive asset if you have it on the day a balance change is announced. Fly/JC to Jita, buy 10b worth of something that you have good reason to believe will go up, and you can make enough to merit having had that 10b sitting idle for a while.
Which is exactly what I was talking about when I said keeping enough cash to trade. It's no different then when a company like apple uses its PR department to announce the release of a new iphone. Want to have the isk on hand to buy on news(or rumor). |
Cixi
Hedion University Amarr Empire
6
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Posted - 2015.05.09 08:29:28 -
[20] - Quote
Richest players in EvE play with Trillions of ISK, in comparison, we are poor people |
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Sabriz Adoudel
Glorious Revolutionary Armed Forces of Highsec CODE.
5084
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Posted - 2015.05.09 10:43:34 -
[21] - Quote
HeXxploiT wrote:Sabriz Adoudel wrote:HeXxploiT wrote:Know your products know your markets. Many in eve such as winners of the T2 BPO lotteries just ended up with that money in their lap but still don't have a clue how to make isk. The real trick is to take the capital you have and turn it into more capital. 70% of my assets are items that I believe will be worth more in future then their current valuation. Sitting on stale assets is wasted profit potential. I keep enough liquid isk to trade with and that's it. Taking time to understand products in the eve universe is key as then one can have confidence in one's investment. Successful big traders work the same way as successful small traders just with more expensive items. Liquid ISK can be a productive asset if you have it on the day a balance change is announced. Fly/JC to Jita, buy 10b worth of something that you have good reason to believe will go up, and you can make enough to merit having had that 10b sitting idle for a while. Which is exactly what I was talking about when I said keeping enough cash to trade. It's no different then when a company like apple uses its PR department to announce the release of a new iphone. Want to have the isk on hand to buy on news(or rumor).
I regard trading capital, production capital and speculation capital as different amounts.
Presently I hold about 30b of each and about 10b of idle capital (fitted combat ships, etc)
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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Hemmo Paskiainen
477
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Posted - 2015.05.09 12:06:51 -
[22] - Quote
Buy low sell high or invest low and cash high. Always have your expenses covered by your plex outcome: You dont want to bleed out your investment pool. Copy people: How are they making isk, how much vs which effort? Learn to think on your own: what why how Think like a hedgefund: how fast are you getting your profit % back vs the investment that is locked up? Is it worth the % vs time? Last but most important; park your spacerich assets on a secure, privet, anonymous account Near friends call me jewish spacerich, i just call myselve extremely burned out and bored: Besides Isk milking, tear collecting drives EVE> do you know what you are going to do when there is no challenge in doing both anymore?
"Relativity equals time plus momentum: if it can be erased by a single click on a button, would it be worth spending your time?"
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Big Lynx
1302
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Posted - 2015.05.10 08:56:26 -
[23] - Quote
Another HowTo Trillionaire:
Get a lot of T2BPOs dirt cheap in early eve days, wait for insanely inflated sell rates, sell em for a super sick price, trillionaire check. Pretend to be a professional trader. |
Sabriz Adoudel
Glorious Revolutionary Armed Forces of Highsec CODE.
5086
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Posted - 2015.05.10 09:29:22 -
[24] - Quote
Hemmo Paskiainen wrote:Buy low sell high or invest low and cash high. Always have your expenses covered by your plex outcome: You dont want to bleed out your investment pool. Copy people: How are they making isk, how much vs which effort? Learn to think on your own: what why how Think like a hedgefund: how fast are you getting your profit % back vs the investment that is locked up? Is it worth the % vs time? Last but most important; park your spacerich assets on a secure, privet, anonymous account Near friends call me jewish spacerich, i just call myselve extremely burned out and bored: Besides Isk milking, tear collecting drives EVE> do you know what you are going to do when there is no challenge in doing both anymore?
Either set bigger goals that require the use of that ISK, or give it to someone (me) that will.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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Xtreem
Echelon Research SpaceMonkey's Alliance
282
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Posted - 2015.05.10 19:15:25 -
[25] - Quote
Big Lynx wrote:Another HowTo Trillionaire:
Get a lot of T2BPOs dirt cheap in early eve days, wait for insanely inflated sell rates, sell em for a super sick price, trillionaire check. Pretend to be a professional trader.
I am in game chums with 3 people who have over 1T 2 of them indeed got rich this way.
I remember when i was a younger char a T2 cap recharger BPO reached 30bil in price on the forums and being in awe of such isk.. seems almost nothing now. Needs more sinks. |
Zahara Cody
Imperial Corrections Service.
174
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Posted - 2015.05.10 21:27:21 -
[26] - Quote
For the birds. |
Sabriz Adoudel
Glorious Revolutionary Armed Forces of Highsec CODE.
5086
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Posted - 2015.05.10 23:59:00 -
[27] - Quote
Xtreem wrote:Big Lynx wrote:Another HowTo Trillionaire:
Get a lot of T2BPOs dirt cheap in early eve days, wait for insanely inflated sell rates, sell em for a super sick price, trillionaire check. Pretend to be a professional trader. I am in game chums with 3 people who have over 1T 2 of them indeed got rich this way. I remember when i was a younger char a T2 cap recharger BPO reached 30bil in price on the forums and being in awe of such isk.. seems almost nothing now. Needs more sinks.
We did just have a very, very, very large sink added in Crius last year.
It's not ISK that's in excess in the economy, it's products.
Shoot everyone. Let the Saviour sort it out.
I enforce the New Haliama Code of Conduct via wardec ops. Ignorance of the law is no excuse - read about requirements for highsec miners at www.minerbumping.com
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Kisle
AGM Incorporated Fidelas Constans
0
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Posted - 2015.05.11 11:26:02 -
[28] - Quote
PLEX also used to be insanely expensive at 300M :D |
Erika Mizune
The Soul Society DeepSpace.
1415
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Posted - 2015.06.10 11:39:54 -
[29] - Quote
Kisle wrote:PLEX also used to be insanely expensive at 300M :D
Oh how I wish it was that much again ... That's around the price it was when I joined. I'm hoping plex will go down more by the time I need one (ie: 6 days).
But on topic: I am horrible at keeping liquid isk since whenever I get enough, I tend to buy stuff ... yea, especially those damn bpo's, and the like. I am also a big sucker for collector/vanity items.
So most of my isk is in assets; I follow the market, have toons stationed in various sections, scan - buy low, sell higher. Outside of that, I also have a couple mining alts that I use to pound out minerals to manufacture and also run inventions, ect.
Or course, there is passive income: PI and Moon Mining :)
It's just putting all your skills to use and work hard at it. Not easy, but def worth the effort.
DJ Yumene of Eve Radio | My Blog | Sounds of New Eden | Eve Radio
My Insane Quest: Obtain Every BPO Ingame (921 / 1257)
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Surreal Angeline
Hobbs End Industries
0
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Posted - 2015.06.10 12:56:16 -
[30] - Quote
the "trick" to get rich via the market and production is in the end just solid planning and a basic understanding of market mechanics
Whilst i have been making some money in the early days of my corp by just producing stuff that "is used a lot", nothing can really replace solid spreadsheets and calculations if you are still on the way to make money for more speculative long-term trading through production and market pvp There was a time where i almost invested more time in building spreadsheets and updating them, refining their structure and connecting them with each other than playing EVE inside the client - whilst free tools such as fuzzworks are a great resource, they can't really replace sheets that you create with your own needs in mind
to be honest - one issue that i've always had is not really knowing how much money i had at a given time, just due to the fact that some materials were always in production, in contracts or otherwise unavailable - i always expected to make a lot of ISK, which i didn't really do...i never got "rich" or had a lot of ISK to spend on stuff, because if you are doing things "right" (from my point of view), your buisness gets bigger, but you never really get more than a few billion in cash before reinvesting - was quite frustrating at times until i got really used to not caring how much money i had exactly and just relied on my calculations to be correct |
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