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Shakuul
O RLY corp YTMND.
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Posted - 2008.04.02 01:21:00 -
[1]
I remember back when unsecure trade was allowed they were going for 400-450mil each. Now they are down to 340mil each. Whats the reason for this? It seems before the market would be well arbitraged so if GTCs were underpriced someone would resell them (apparently there was one reseller who made billions this way). Was there a buying frenzy where everyone bought a whole tone of GTCs thinking prices would continue to go up...and that has since subsided.
I'm not complaining (I buy GTCs)...I was just surprised that since the number of man-hours it takes to get 400mil ISK is always decreasing and yet the price of GTCs is also decreasing, so it takes less and less time per 3 months to pay for your subscription.
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Avalira
Pax Minor Expiscor Pario Addo
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Posted - 2008.04.02 01:59:00 -
[2]
it's just like any other item being sold in EVE: - the more the demand, the higher the prices are and - the more sellers there are the lower the prices.
It's and equilibrium of the two (barring market manipulation) and this makes prices go up and down. ------------- Selling prob BPC's
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Wieting Foyu
Azteca Transportation Unlimited Gunboat Diplomacy
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Posted - 2008.04.02 02:51:00 -
[3]
OVERSATURATION.... I have noticed more and more DIFFERENT sellers of gtc's.. Everyone and their mothers alt think its the easiest get rich quick scheme in eve. For less than 40 bucks you can get a navy mega without actually playing the game.
Plus now that the thrill of inventing the new t2 battleships is over, inventing alts are taking some time off til they are needed again, which means not as many gtc's are needed (that supply/demand thing you keep hearing about).
Wieting Foyu Foyu Investments
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Astorothe
Aperture Science Industries
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Posted - 2008.04.02 04:44:00 -
[4]
There's so many people selling GTCs now which has brought the price right down. It's great to be able to pay your account fee's this way.
Deus Ex Machina ~ Eve Corp, Web Design & Gaming News |
Akita T
Caldari Navy Volunteer Task Force
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Posted - 2008.04.02 05:53:00 -
[5]
I call it the "let lazy stupid people pay for my subscription" program
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Nobues
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Posted - 2008.04.02 06:08:00 -
[6]
non of them, resellers are gone, they have ran out of GTC's and can't get more. They where setting the old prices, and not with them gone the people selling the codes set there prices.
Supply and demand also, but resellers are the main reason. Best thing CCP done ever. Webhosting, teamspeak and Killboard for you, your corp, and your Alliance Click me for more info |
Shakuul
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Posted - 2008.04.03 21:47:00 -
[7]
For all of you people who keep talking about supply/demand...
The supply/demand curves should intersect at SINGLE equilibrium price/quantity at any given point in time. Yet, simply by observing the various prices you see on the forums, ranging from maybe 340mil to 380mil for 90d, prices have not reached an equilibrium. Why is this? Are the people selling at 340 mil simply stupid and not aware of the market price? Do they want to sell their GTCs in 10sec instead of 10mins (cheap GTCs get snapped up almost instantly)?
I'm just thinking about this because I'm always worried that CCP will suddenly have a change of heart and GTC sales will disappear, or if something wacky happens with the GTC market so GTCs cost a whole lot more, so I stocked up on 2 years worth of sub time .
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Shadarle
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Posted - 2008.04.03 21:53:00 -
[8]
Originally by: Shakuul For all of you people who keep talking about supply/demand...
The supply/demand curves should intersect at SINGLE equilibrium price/quantity at any given point in time. Yet, simply by observing the various prices you see on the forums, ranging from maybe 340mil to 380mil for 90d, prices have not reached an equilibrium. Why is this?
You are being far to strict in your understanding of supply/demand curves. Sure, in theory there is a single price point which is equilibrium. In reality you usually never actually hit that point, there will always be fluctuations. If there are 20 GTC's for sale at 380 and you want to sell it quicker you put it at 370. Then a bunch of people put theirs up at 370. Another person comes along and puts his at 360, which gets snapped up as do all the 370's and even the 380's and then we're at 390 or 400. Then people stop buying them until they see some 390's and 380's.
Supply and demand both fluctuate throughout the day, throughout the week, throughout the month, and throughout the year. One day could see a larger surge than the next. Thus prices will always slide up and down at any given point. The average price is what matters, that is how you can somewhat track equilibrium, not by tracking every single sale.
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Random Elite
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Posted - 2008.04.03 21:54:00 -
[9]
Im not sure if this has anything to do with this but ive noticed recently that the prices of characters particularly the lower SP kind have gone through the roof, at least in my experiance anyway. Im seeing noob miners/freighter pilots barely able to fly a hulk/freighter with 4m SP selling for way over 1b, easily breaking 300m+ per million SP.
The only reason i could think of was that eve has had a large influx of players recently and instead of training the characters they have resorted to selling GTC to get the isk to buy a better character, hence the drop in prices as theres simply to many on the market right now.
Just my theory i could be wrong.
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Shakuul
O RLY corp YTMND.
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Posted - 2008.04.03 22:00:00 -
[10]
Shadarle - I'm just surprised that the spread is so large for an item that is bought and sold so often (based on the huge number of posts in the timecodes subforum).
Random Elite - I think you have to factor in the $20 transfer fee, which probably accounts for 250mil ISK or so of the sale price of any char.
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Zarin
University of Caille
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Posted - 2008.04.05 10:42:00 -
[11]
I've watched certain individuals buy GTCs for over 500 seperate accounts. Maybe this has stopped, and CCP finally banned the huge isk farming and selling networks, who of course paid for their subscriptions via GTCs as isk is something they have no shortage of, and $$$ is the end goal.
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Ne nehn
State War Academy
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Posted - 2008.04.05 11:51:00 -
[12]
Was poor and needed a mission runner yesterday, so sold two GTC's.
People were selling from 150-180m when I was selling mine, had no problems selling both at 175m each. Could probably have sold em for 185 aswell, people dont seem to buy off the cheapest seller atleast. Wich is rare in a buyers market. Simply put, many people seem to be thinking that buying at the highest price means they dont risk someone else having bough right infront of their nose. If you put 5 30 day GTC's out at 200m each, other people are gonna start selling at 195m, then you can underbid them at 190 and get sales.
Buyers are so ******** it's not even fun. Still laughing.
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Kazuo Ishiguro
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Posted - 2008.04.05 16:28:00 -
[13]
Originally by: Shakuul Shadarle - I'm just surprised that the spread is so large for an item that is bought and sold so often (based on the huge number of posts in the timecodes subforum).
It's not as though we're selling them on the in-game market, where we can look at price history, market average and trends in the blink of an eye. I doubt most people look beyond the first few pages of the GTC forum.
Here's a link to a thread where I posted some suggestions for improving the current system. My research services Spreadsheets: Top speed calculation - Halo Implant stats |
Shadarle
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Posted - 2008.04.05 17:08:00 -
[14]
Originally by: Kazuo Ishiguro
Originally by: Shakuul Shadarle - I'm just surprised that the spread is so large for an item that is bought and sold so often (based on the huge number of posts in the timecodes subforum).
It's not as though we're selling them on the in-game market, where we can look at price history, market average and trends in the blink of an eye. I doubt most people look beyond the first few pages of the GTC forum.
This
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Mama Hauler
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Posted - 2008.04.05 17:28:00 -
[15]
I think its normal. 90d gtc's used to sell for 270mil year and half ago
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Nyphur
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Posted - 2008.04.05 17:52:00 -
[16]
Welcome to the summer lull. Every year, when the northern hemisphere starts getting warm and sunny, the number of eve players drops off. That dropoff is due to start any time now and I'm willing to bet that a precursor to that is that people whose accounts are expiring soon are deciding not to buy game time codes. Even if it's not the cause, this effect could spur prices to drop further as we approach the summer. Since reselling isn't an option any more, I guess the only advice I have is wait until the middle of summer and stock up on a years worth of them for your accounts.
http://www.eve-tanking.comPlease visit your user settings to re-enable images. Eve-Tanking.com[/url] - We're sorry, something happened. |
Conrad Rock
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Posted - 2008.04.06 09:22:00 -
[17]
30 day gtc's used to sel for 105m
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Akita T
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Posted - 2008.04.06 09:28:00 -
[18]
With an ever-increasing "instant gratification" crowd around, expect the boom in GTC prices that we experienced for the past year to completely reverse eventually. TBQH, I'm really looking forward to 200-ish mil 90-day GTCs
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Nocturnal Avenger
Black Plague. RAZOR Alliance
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Posted - 2008.04.06 18:50:00 -
[19]
USD have dropped compared to Euro (and other currencies).
This means a European effectively pays less when he buys a GTC via ShatteredCrystal and thus he is somewhat more willing to accept less isk than before (this is the effect of more supply).
This may not explain all, but since it had not been mentioned yet...
- Carebear Pirate - |
Shakuul
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Posted - 2008.04.07 04:36:00 -
[20]
Originally by: Akita T With an ever-increasing "instant gratification" crowd around, expect the boom in GTC prices that we experienced for the past year to completely reverse eventually. TBQH, I'm really looking forward to 200-ish mil 90-day GTCs
I really hope that happens. It would be nice to get a 3rd (or 4th) account. I was stocking up partially because 1) I underestimated the willingness of people to provide a steady GTC supply. 2) I got paranoid that maybe CCP would have a change of heart and no longer permit GTC sales, but I think by now there are too many people that rely on GTCs for this to be feasible.
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Paris Ellis
State War Academy
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Posted - 2008.04.15 21:43:00 -
[21]
GTC prices seem to be falling faster and faster.
atm, many are selling 30 day GTCs for 130 million.
I never imagined that the prices would go this low.
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Vested Interest
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Posted - 2008.04.15 21:59:00 -
[22]
Just checked shatteredcrystal and they're still $14.95 same as November.
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William Hartas
Caldari United Nations Intelligence Taskforce Overclockers Podpilot Services
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Posted - 2008.04.16 07:42:00 -
[23]
Originally by: Paris Ellis
GTC prices seem to be falling faster and faster.
atm, many are selling 30 day GTCs for 130 million.
I never imagined that the prices would go this low.
Not been around for long then? I remember seeing people selling for 90 mil and it doesn't seem that long ago.
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Carniflex
Caldari Fallout Research Fallout Project
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Posted - 2008.04.16 08:46:00 -
[24]
Lower GTC price just means that some 'alt professions' that were not profitable before will get profitable all the sudden. Assuming people think in those terms ofc, there is always those who have 'free minerals' in their hangars.
Or you need less playtime to 'break even' with alt. For example well skilled mission wingman (ie using dual account instead of running them solo) will 'break even' with approx 6 h of missionrunning per week if 90d GTC will cost 450 mil. 'Break even' means that using that option will earn you timecode price vs isk/h when not using that option.
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Adonis 4174
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Posted - 2008.04.16 12:20:00 -
[25]
Edited by: Adonis 4174 on 16/04/2008 12:20:20 Supply has increased (for those interested in equilibriums, by a shift in the supply curve) due to the recent dev blog reassurring people that it's okay to sell GTC for isk. Betcha. ---- Infiniband can do more than just prevent lag |
IronPants
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Posted - 2008.04.16 17:10:00 -
[26]
Originally by: Vested Interest Just checked shatteredcrystal and they're still $14.95 same as November.
As posted above: 14.95 american dollars.
look at the exchange rate. with the euro stronger...what 1.60 dollars to the euro.. means people spend their hard earned euros to buy our cheaper dollars so to them it seems like they are paying less due to exchange rates.
I remember going to france when the euro was cheaper. 0.88 Dollar to 1 Euro.
I bought lots of cool stuff. |
Tommy TenKreds
Animal Mercantile Executive
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Posted - 2008.04.16 19:08:00 -
[27]
Originally by: Akita T I call it the "let lazy stupid people pay for my subscription" program
Yeap.
Bandures > Tommy, you like a cowboy harry ) |
Shadarle
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Posted - 2008.04.16 19:10:00 -
[28]
Originally by: IronPants
Originally by: Vested Interest Just checked shatteredcrystal and they're still $14.95 same as November.
As posted above: 14.95 american dollars.
look at the exchange rate. with the euro stronger...what 1.60 dollars to the euro.. means people spend their hard earned euros to buy our cheaper dollars so to them it seems like they are paying less due to exchange rates.
I remember going to france when the euro was cheaper. 0.88 Dollar to 1 Euro.
I bought lots of cool stuff.
Indeed, Europeans coming to the US can buy lots of items very cheaply... which is great for tourist destinations in the US and great for Europeans. They can buy lots of high tech electronics far cheaper here in the US than at home.
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Oldariel Kaljwarm
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Posted - 2008.04.17 12:27:00 -
[29]
Yup. Iphones have a 100% margin. The export is smuggling though, so nothing for the faintharted. |
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