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Thread Statistics | Show CCP posts - 1 post(s) |
PuncherDavis
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Posted - 2009.07.19 22:14:00 -
[31]
Very easy. Without cheap high ends there's no reason for low ends to stay high.
Thats interesting..Biggest complaint of cheaper high ends was the ability to mine ABC in WH..which alot of people still do and thus zydrine is crusiing away at 1550-1630 as it has been. Spike for one day but Not enough to cause a major blow out in the trit market.
The IRC/ED (a major exporter of highends) eviction caused a panic in high ends.
I would say this may have been part of the spike but not a long term issue. Reason being is the people that kicked out IRC>ED now are rebuilding and themselves using those areas to harvest and sell the high end mins
This, combined with battleships already being 10M over insurance payout means fewer people are soaking up minerals.
The dominix which is the most used battleship in eve, as well as the most destroyed one is sitting at a sell price of 51.9 million isk. After paying full insurance and getting payout you are not coming anywhere near losing 10 million isk. SO im not sure what battleships you are refeerng to? Also I dont include t2..
The only minerals with any give to them are empire lowends. Predictable outcome is predictable.
Again I just watched the zydrine price in Jita be manipulated and get 100 bucks higher a unit then the bots kicked in to level the playing field with bigger orders.. SO im still seeing a lot of flexiblity and still pretty low at least zydrine wise high mins prices. (also unless im incorrect zydrine is used .69% of the total buildout of battleships on average.where as megacyte is .29%). THus one would think megactye would be costing less instead of more..since it fills the lowest margin of build need. And its easier to get now then it ever has.
.
And in summary, bigger blobs are the answer.
How does bigger blobs equate to a lower trit price. Now I can understand how lower pop numbers for summer and all are prone to cause a market reaction to an overabundance of something and thus the price going down.. But it seems the buyers are not there now for the buy..as they were before..
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Tau Cabalander
Caldari
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Posted - 2009.07.19 22:27:00 -
[32]
I pointed out the price dropping back when it went from 4.25 to 4.10 (about 5%) after flirting with 4.30. Nobody seemed too interested then.
Of course the downhill trend has continued.
As a miner, I'm kinda curious and worried where it will end up.
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Dariah Stardweller
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Posted - 2009.07.19 22:41:00 -
[33]
 Originally by: Tau Cabalander
I pointed out the price dropping back when it went from 4.25 to 4.10 (about 5%) after flirting with 4.30. Nobody seemed too interested then.
Of course the downhill trend has continued.
As a miner, I'm kinda curious and worried where it will end up.
I thought that the 4.25 to 4.10 was a small correction and trit would settle again just above 4 isk.
Last summer, trit went down to about 2.50 btw. I don't mind the the price going down though, just the speed at which it is going down is a bit fast. That is teh suck...
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Taua Roqa
Minmatar
Planet Roqa
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Posted - 2009.07.19 23:51:00 -
[34]
you're right if everyone stops selling the price will go back up. or there will be a gargantuan glut of trit being sold which would make the price crash.
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Danton Marcellus
Nebula Rasa Holdings
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Posted - 2009.07.20 00:07:00 -
[35]
I remember a time where you were hard pressed to find someone willing to pay 1 isk per trit, these are trying times for sure.
Should/would/could have, HAVE you chav!
Also Known As |
Khemul Zula
Amarr
Keisen Trade League
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Posted - 2009.07.20 00:28:00 -
[36]
Originally by: Tau Cabalander
As a miner, I'm kinda curious and worried where it will end up.
It will continue to crash until eventually you will be paying people to take the tritanium off your hands. At this point the whole economy of EVE will turn inside-out causing the game to die a death by paradoxial economy.
Atleast that is how I understand economics work.
"In the beginning there was nothing, which exploded."
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PuncherDavis
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Posted - 2009.07.20 00:51:00 -
[37]
Originally by: Khemul Zula
Originally by: Tau Cabalander
As a miner, I'm kinda curious and worried where it will end up.
It will continue to crash until eventually you will be paying people to take the tritanium off your hands. At this point the whole economy of EVE will turn inside-out causing the game to die a death by paradoxial economy.
Atleast that is how I understand economics work.
IM not that doom and gloom about it..but it seems people are stuffing in region wide orders for much lower prices then 3.8 and getting them filled like mad... Had a buddy of mine stick in a 500 million trit buy order in a non jita area..was filled in 15 seconds.. Now that tells me their is a glut of trit on the market.
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Ta'jek
Angels Of Death EVE
Free Worlds Alliance
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Posted - 2009.07.20 02:15:00 -
[38]
Originally by: PuncherDavis
And in summary, bigger blobs are the answer.
How does bigger blobs equate to a lower trit price. Now I can understand how lower pop numbers for summer and all are prone to cause a market reaction to an overabundance of something and thus the price going down.. But it seems the buyers are not there now for the buy..as they were before..
that's the signature and has nothing to do with the response
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Selene D'Celeste
Caldari
The D'Celeste Trading Company
ISK Six
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Posted - 2009.07.20 02:32:00 -
[39]
OP has no idea how the markets work, despite several market vets having tried to explain them to him in great detail for many years (myself included -- we all make mistakes =P). If you enjoy this thread, other great classics include:
http://www.eve-search.com/thread/776928/page/1
http://www.eve-search.com/thread/794590/page/1
http://www.eve-search.com/thread/829004/page/1
This is more or less a warning to those who want to spend time making logical arguments. Otherwise, carry on.
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Dodi Xi
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Posted - 2009.07.20 03:37:00 -
[40]
Originally by: CCP Zymurgist
Moved to the Market Discussion.
best and worst post
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Vaerah Vahrokha
Minmatar
Dark-Rising
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Posted - 2009.07.20 04:19:00 -
[41]
Quote:
As a miner, I'm kinda curious and worried where it will end up
You should be kinda worried about why you are still a miner imho.
-
Auditing and consulting
Before asking for investors, please read
http://tinyurl.com/n5ys4h and
http://tinyurl.com/lrg4oz
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Brock Nelson
Caldari
Flux Technologies Inc
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Posted - 2009.07.20 04:54:00 -
[42]
Boo ****ing hoo
Cry me a river will ya?
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F'nog
Amarr
Celestial Horizon Corp.
Slightly Inappropriate.
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Posted - 2009.07.20 05:14:00 -
[43]
Originally by: Nyphur
Originally by: Ehranavaar
i remember trit breaking 2 isk a unit and thinking oh god what will the miners do with all that money.
Same here, trit was 1 per unit when I started and I remember when it hit 2 per unit D:
Hell, I remember when it was BELOW 1 per unit. If you managed to sell it for 1 you were super happy, if you even bothered to sell it and not just leave it there or donate it to corp.
For months I just dumped all my trit into the corp hangar since it wasn't worth the hassle of selling at such low prices.
Originally by: Kazuma Saruwatari
F'nog for Amarr Emperor. Nuff said
Originally by: Chribba
Go F'nog! You're a hero! Not a Zero!  /me bows
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PuncherDavis
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Posted - 2009.07.20 08:35:00 -
[44]
Originally by: Selene D'Celeste
OP has no idea how the markets work, despite several market vets having tried to explain them to him in great detail for many years (myself included -- we all make mistakes =P). If you enjoy this thread, other great classics include:
http://www.eve-search.com/thread/776928/page/1
http://www.eve-search.com/thread/794590/page/1
http://www.eve-search.com/thread/829004/page/1
Lol dam i remember those... and for a guy that has no idea how the market works ( and mind you I knew enough to get you to loan me 3 billion isk..and it worked or do you denie that..and you got it all repaid to you BEFORE it was due)..
I am not saying that I dont know how the market works...I make my 100's of millions each day working around and through it.. ( and holy **** I ignored all your lessons was right and made more isk my way..I know shocking aint it :)
Also t2 sucked so I sold out..end of that story
No no boys and girls what im looking here for is to see if anybody can bear to light the several things that may have brought the market to where it is today concerning trit.. Im not saying im losing money ( trust me im not) IM not saying anybody is dumb stupid or posting anybody else's mistakes.
I just want to know if anybody else is noticing what im noticing..and what they have to say about it :)
Also selene likes to think he is logical...his arguments have as many holes in them as any other...please igonre any attempt on his side to make himself look better then me or anybody else.
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Chantilly Layce
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Posted - 2009.07.20 12:02:00 -
[45]
Trit price will likely trend back up again when folks start returning to school and summer vacations are over. Then the full effect of all those absent "macros" will be felt. Keep an eye on the volumes, too. You never know when someone might try to manipulate the price.
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Kazzac Elentria
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Posted - 2009.07.20 12:26:00 -
[46]
I'm just sorta really happen I stock piled mex
Buy at 22 and sell at 37 makes Kazzac a happy panda |
Gabriel Rosencrantz
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Posted - 2009.07.20 17:50:00 -
[47]
I'm one of those idiots I guess. But I'm still making an average of .40 isk per unit profit (i.e., 35mill profit per freighter load). So, everybody who buys trit to produce stuff should thank us idiots for helping to bring the price down. BTW, last time I checked there were approx. 10 to 20 billion units of trit sitting at 4.15 through 4.20 sell orders in Jita. That's a lot of trit literally hanging over the market. |
sinqlaison
Amarr
Capital Builders Inc.
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Posted - 2009.07.20 18:45:00 -
[48]
guys, brace yourself, I have stacked up 24 bln units of tritanium at Jita 4-4 for my titan packs , and am now going on holiday so will stop buying. Would not be amazed to see price go down below 3 ISK soon ;-)
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arjun
Viziam
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Posted - 2009.07.20 19:05:00 -
[49]
well well, one freighter full oft trit every hour means i sell 2 billion less every day. that was kind of unexpected and is a new phenomenon i think. was really disturbing to see all the little guys crawling out of their holes suddenly. no idea how i get out of this situation without too much loss.
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Taua Roqa
Minmatar
Planet Roqa
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Posted - 2009.07.20 21:52:00 -
[50]
there's a website for little guys crawling about in holes
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PuncherDavis
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Posted - 2009.07.20 22:42:00 -
[51]
Well.. its becoming more and more evident that the BIG war being done with has a lot of people who were using trit, to make lots of isk reeling back a bit.
Id suggest and have been suggesting to go into other venues of income till this mass glut pans out.. I have the contracters I work with doing other things.. Not as good value as where trit was but ...it means they dont work for less.
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Order Mae
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Posted - 2009.07.20 23:48:00 -
[52]
I dun get it. You pick an occupation that involves no increased risk to you or your ship (miners aren't the only ones who get suicide ganked fyi), require almost zero attention (can easily afk) and then complain when other's don't see you work as a high value commodity and attempt to, as a whole, drive down the cost of your produced product.
To answer the OP, the reason people are mass selling their trit is becuase its a high volume good and the only way to really make any isk off of it is to sell large quantities of it. Beyond that, you are dealing with one of the sects of players who have chosen to make their living via the path of least resistance and do the easiest thing you could possibly do in eve-- mining low end ores in high sec. You really expect these same people to be economic geniuses? And don't go fooling yourself. Eve doesn't have a 'frail' market system becuase people doing the other low skill, low risk, low attention span job of being a trader keep the market from absolutely plummeting becuase its not in their interests either.
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Tetovo
Caldari
Leo Nomis Memorial LLC
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Posted - 2009.07.21 04:37:00 -
[53]
Edited by: Tetovo on 21/07/2009 04:43:04
Edited by: Tetovo on 21/07/2009 04:42:16
Even at 3.71 isk per unit of trit, Veld is still the most profitable hisec ore by a country mile.
Even then, the rate at which it is dropping is kind of alarming and soon it will not be so profitable. As long as there is a profit to be made I will continue to sell it because I can easily move onto another ore at absolutely no cost. The only time you need to "pre-emptively" shut-down is when there is a time or cost involved in shutting down your production.
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Dariah Stardweller
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Posted - 2009.07.21 12:21:00 -
[54]
Originally by: Tetovo
Edited by: Tetovo on 21/07/2009 04:43:04
Edited by: Tetovo on 21/07/2009 04:42:16
Even at 3.71 isk per unit of trit, Veld is still the most profitable hisec ore by a country mile.
Yup, haven't run any numbers for a while since I basicly don't mine anymore but mexallon has gone up a good bit so you have to keep an eye on that. But when bottom fell out of the trit market last summer I think it was the most profitable ore to mine at around 3 isk a unit still....
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Tetovo
Caldari
Leo Nomis Memorial LLC
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Posted - 2009.07.21 12:28:00 -
[55]
Originally by: Dariah Stardweller
Originally by: Tetovo
Edited by: Tetovo on 21/07/2009 04:43:04
Edited by: Tetovo on 21/07/2009 04:42:16
Even at 3.71 isk per unit of trit, Veld is still the most profitable hisec ore by a country mile.
Yup, haven't run any numbers for a while since I basicly don't mine anymore but mexallon has gone up a good bit so you have to keep an eye on that. But when bottom fell out of the trit market last summer I think it was the most profitable ore to mine at around 3 isk a unit still....
Yeah I just ran the numbers earlier today in my region and and veld was about 4 isk per m3 more than plagioclase. It will soon overtake veld though unless the market trends do a 180 on us in the next 24 hours(unlikely)
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Ulstan
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Posted - 2009.07.21 15:58:00 -
[56]
All the best threads start with threats to ban trollers, right?
Anyway, tritanium's 'base' price is 1 isk. If it's gone down from 4.1 to 3.7 that's still pretty good.
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Tekota
legion industries ltd
Veni Vidi Vici
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Posted - 2009.07.21 16:03:00 -
[57]
Originally by: Tetovo
Edited by: Tetovo on 21/07/2009 04:43:04
Edited by: Tetovo on 21/07/2009 04:42:16
Even at 3.71 isk per unit of trit, Veld is still the most profitable hisec ore by a country mile.
Actually, with trit at 3.7, pye at 4.1 and mex at 38.0, plag overtakes veld as highsec ore of choice. Not to mention cheaper hauling (in that more value can be carried per trip).
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Kazzac Elentria
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Posted - 2009.07.21 16:10:00 -
[58]
Originally by: Tekota
Originally by: Tetovo
Edited by: Tetovo on 21/07/2009 04:43:04
Edited by: Tetovo on 21/07/2009 04:42:16
Even at 3.71 isk per unit of trit, Veld is still the most profitable hisec ore by a country mile.
Actually, with trit at 3.7, pye at 4.1 and mex at 38.0, plag overtakes veld as highsec ore of choice. Not to mention cheaper hauling (in that more value can be carried per trip).
Gotta love the new speculative price of mex at 40+
Im done riding this train and cashing out... I'll eat my shoe if it peaks 50 |
Zaxix
Red Frog Investments
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Posted - 2009.07.21 16:16:00 -
[59]
Originally by: Kazzac Elentria
I'll eat my shoe if it peaks 50
mmmmmmm, shooooe. om-nom-nom |
Dariah Stardweller
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Posted - 2009.07.21 18:10:00 -
[60]
Originally by: Kazzac Elentria
Originally by: Tekota
Originally by: Tetovo
Edited by: Tetovo on 21/07/2009 04:43:04
Edited by: Tetovo on 21/07/2009 04:42:16
Even at 3.71 isk per unit of trit, Veld is still the most profitable hisec ore by a country mile.
Actually, with trit at 3.7, pye at 4.1 and mex at 38.0, plag overtakes veld as highsec ore of choice. Not to mention cheaper hauling (in that more value can be carried per trip).
Gotta love the new speculative price of mex at 40+
Im done riding this train and cashing out... I'll eat my shoe if it peaks 50
What gives with the mex price? Did I miss anything?
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