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Thorborg Borge
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Posted - 2007.09.02 11:15:00 -
[1]
Edited by: Thorborg Borge on 02/09/2007 11:20:57 Is EVE economy badly broken?
Im trialing this game as I am seriously getting tired of WoW (3x70s blah blah).
I LOVE trading (I spent a lot of my early days just AH flipping in WoW). However after a quick run through a few systems/regions I have found only occasional good here and there that would warrant a cargo run.
Majority situation seems to be that SELLER Prices > BUYER Prices. This applies to trade goods and lowbie items (no understanging of high end items)
So, the question is, am I in a particularly bad region of the galaxy? Is trading/shipping a viable past time in this game? If so, where should I go?
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Daeva Vios
Ardent Adversary Anvil.
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Posted - 2007.09.02 11:24:00 -
[2]
Seller prices will almost always be higher than buyer prices. In the few situations where this is not true, there is a large distance between the highest buy order and the lowest sell order.
This is partly because of how the market works. If you set a Buy order, and a Sell order (or multiple orders) is within the price range and physical distance you've set, the Buy order will automatically buy up the Sell order.
This is also because if there is any remaining disparity, players will have noticed long before you came along and have already taken the opportunity for some easy cash.
Market manipulation/Trading for fun and profit is not so easy, especially since NPC trade routes were nerfed. What I strongly suggest is for you to read the few guides there are on the subject of trading in this forum. You will find no more pure source of info.
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Isuo
Red 42 Infinite Innovation
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Posted - 2007.09.02 11:45:00 -
[3]
i suggest u take a look at contracts
-Im Amarr, i will adapt |
Simon Meyer
Gallente Silent Sun Enterprises
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Posted - 2007.09.02 12:20:00 -
[4]
take a look in here
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.09.02 12:48:00 -
[5]
You are making a fatal mistake.
You are buying off Sell Orders and attempting to Sell to Buy Orders.
The market in both Eve, and RL works the other way around.
When you start a fast food store, you don't buy off McDonalds and sell to your customers. You buy at a wholesale rate (buy order) and resell for your markup
Rather than attempting in current fashion, you need to place buy orders, and sell via your own sell orders.
The exact same applies with NPC items, as you will see players have buy orders set to a certain point in this stations where they can make a profit off a resell.
As a trader, going for the quick sale is generally the wrong method of thinking. Most non-traders, mission runners, pirates etc, will sell to the highest sell order, rather than waiting for their product to sell.
Rather than capitalise on this, you have made the fatal mistake of buying at a price that already has a markup imposed, and attempting to resell the item. Sure, it can work in some cases, and is necessary for market manipulation, but should not be a road you pave to become a trader. It's a bad habit and one I was stuck in for a good 2 years in Eve.
The Eve Economy I think mirrors real life probably more than the economy of any game area in the world.
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Wyke Mossari
Gallente Staner Industries
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Posted - 2007.09.02 20:25:00 -
[6]
Edited by: Wyke Mossari on 02/09/2007 20:26:19
Originally by: Thorborg Borge
Is EVE economy badly broken?
No, but I can understand why you think so. The Eve economy is actually very sophisticated compared to most games. There are really two economies. The NPC economy and the PC economy. You need to understand these are very distinct.
The NPC goods economy, this is really just there to get traders started. Here the NPC corporation sell goods cheaper than other NPC corporations buy them. You buy these with instant buys, haul these goods from one station to another and sell them with instant sells. You often from one region to another. This seems to be what you;re thinking of but is not really considered to be trading. It hauling. Look in the Trade Goods -> Industrial and Trade Goods -> Consumer. Given you're a Sebiestor and probably operating from Minmatar space try out Trade Goods => Industrial => Carbon. Once you've got this sussed. checkout hauling spirits or small arms from Gallentee space to Minmatar space.
The second economy is the PC economy. Here you need to aquire your goods through buy orders and sell them sell orders. This is the real economy of Eve and is what Ridic is talking about above. You need to skill up with trade skills and read stick threads above.
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Shar Tegral
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Posted - 2007.09.02 20:51:00 -
[7]
Originally by: Thorborg Borge Is EVE economy badly broken?
No. Coming from Wow's economy to Eve's is like going from the birth canal to a war zone. And trust me, you will still get smacked by something along the way but it won't be the doctor.
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Falbala
Gallente Les Enfants de Gaia
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Posted - 2007.09.02 21:02:00 -
[8]
Your problem is that you stay in the same region, try buying in one region and selling in another. Some places are close to 3 different regions, which make it very interesting to you.
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SencneS
Amarr Balsarferskratchin Inc Axiom Empire
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Posted - 2007.09.03 02:22:00 -
[9]
Originally by: Ricdic You are buying off Sell Orders and attempting to Sell to Buy Orders.
This is key, really the only reason to buy off sell orders is if you're going to make something and you need the material now.
Although you can buy off sell orders, wait, wait weeks, wait months and sell off to buy order when the market increases.
Good one for this is Nocxium. I purchased about 4,000,000 unit of that stuff at 105isk. Waited about 4 months and sold it for a 575isk per. 1,880,000,000 ISK profit. Although over 4 months that's over 15mi a day, this is - ok - but you can make considerably more. I consider this a good deal but I can't help but think maybe I could have made more if I had that 400 odd million in short term deals.
Amarr for Life |
Garrick Konquero
Gallente ImmCo
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Posted - 2007.09.03 02:52:00 -
[10]
Edited by: Garrick Konquero on 03/09/2007 02:53:06 Edited by: Garrick Konquero on 03/09/2007 02:52:29
Originally by: Thorborg Borge
I LOVE trading (I spent a lot of my early days just AH flipping in WoW).
Welcome to EVE. If you love trading, you're going to love this game.
Here's a link I think you'll find useful.
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Thorborg Borge
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Posted - 2007.09.03 06:05:00 -
[11]
Edited by: Thorborg Borge on 03/09/2007 06:05:23
Originally by: Shar Tegral
Coming from Wow's economy to Eve's is like going from the birth canal to a war zone. And trust me, you will still get smacked by something along the way but it won't be the doctor.
Awesome!
Thank you guys very much. The quality of the responses and your assurances about the solidity of the economy makes me want more and more to switch.
Awesome board. Much higher quality of players than the n00bcakes in WoW.
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Shadarle
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Posted - 2007.09.03 06:49:00 -
[12]
Originally by: Thorborg Borge Edited by: Thorborg Borge on 03/09/2007 06:05:23
Originally by: Shar Tegral
Coming from Wow's economy to Eve's is like going from the birth canal to a war zone. And trust me, you will still get smacked by something along the way but it won't be the doctor.
Awesome!
Thank you guys very much. The quality of the responses and your assurances about the solidity of the economy makes me want more and more to switch.
Awesome board. Much higher quality of players than the n00bcakes in WoW.
I came from WOW over a year ago. I was an AH monkey too. It was way too easy to make money in WOW. Just sit at the AH, learn all the prices for major items, then buy up anything under cost and resell it. It was also easy to speculate based on patch notes.
Coming to EVE the market was completely different. I didn't even try to learn it until I learned how to play the game first. I worked my way up to level 3 missions, ran a ton of them, then slowly started exploring other aspects of the game. It turns out that this was the best approach I could have taken, as running missions gives you standing increases. Standing increases reduces fees associated with trading, making trading more efficient. It also gives you crucial knowledge of drop rates, useful items, mission hubs, ship fitting, etc. With this I was able to turn less than 100 million isk into a massive bank-role that I can now use to build my own capital ships, build Tech 2 items, and dominate entire markets.
No game I've played has had a trading system even half as good as EVE's. WoW is child's play, EVE is for grownups. Because of this it's also a lot more complex and hard to figure out. This complexity means that the children that inhabit wow tend to avoid EVE. You get a much higher percentage of intelligent, mature players in EVE. This causes the forums to be infinitely better than the WOW forums when looking for real information. Of course there are people here who like to think that these forums are over-run with immature people and trolls... but they either do not know what the WOW forums are like, or have forgotten.
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