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Lui Kai
Better Than You
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Posted - 2009.10.23 19:22:00 -
[1]
 Originally by: uperkurk
...Then I could get most of the minerals for without actually buying them, thus saving myself alot of isk....
No.
Nononono.
No.
Everything has exactly the same value, regardless of how you come by it. Industrialist mentalities like this will just lead to others making money off your financial illiteracy.
If you mine yourself, always value your minerals (or anything else you ever have in game) at whatever price you could realistically sell them for. Once you start doing this, you'll notice some items occasionally sell for less than you could have gotten for just selling the minerals.
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Lui Kai
Better Than You
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Posted - 2009.10.23 23:05:00 -
[2]
Originally by: uperkurk
Well actually im not selling anything atm. But why is this a bad idea? let me see one sec..... buying trit of the market to make ships, or mine to make the trit myself with an alt? I choose mine myself.
It's.
The.
Same.
Look at it this way: You need 1000 trit to build a widget. Trit, at that moment, is selling for 3 isk each. Widgets are selling for 2000 isk each.
Now, since your trit is "free" you build the item, and sell it for 2000 isk.
Alternatively, you value your items and time properly, and sell the trit for 3000 isk.
Which one looks like the financial illiterate to you?
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Lui Kai
Better Than You
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Posted - 2009.10.23 23:56:00 -
[3]
Edited by: Lui Kai on 23/10/2009 23:57:58
Originally by: uperkurk
whoa im just not understanding what you guys are saying. If I have all the minerals I need to build one ship lets say, but I need 5million units of trit. I could mine them 5m units and then build that ship. Or. Just buy the 5m units of trit for 15m isk. But then I have effectivly lost 15m isk cos ive just spent it on trit?
Please someone explain how this is not being cost effective? at the end of the day it costs 0 isk for me to mine. But it takes time. And over time I could make more isk if I just bought the trit? Is that what you guys are saying?
No.
Smaller words hypothetical: You have minerals. They are worth 10m if you sell them.
That exact quantity of minerals can build a ship.
That ship is worth 5m if you sell it.
By treating your minerals as free, you just made 5m, instead of 10m.
I really don't know any simpler way of explaining this.
It doesn't matter if you bought them.
Let's assume a profitible situation.
You mine minerals worth 5m.
You build something worth 10m. You no longer have the minerals worth 5m.
You just made 5m building.
You buy minerals worth 5m
You build something worth 10m. You no longer have the minerals worth 5m.
You just made 5m building.
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Lui Kai
Better Than You
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Posted - 2009.10.24 01:35:00 -
[4]
Originally by: Slavemaster
..... if you have a freighter...... And willing to use a lot of time hauling the stuff...
+ you have to Add the hauling time = isk perH, + the cost of the broker. (lost mining time++)
So, if you dont sell the the stuff in jita, but local at a loss of 15% Then we can add +15% profit on building ships...
And Visa versa if you wanna buy the minerals for production...
So, he is not that wrong
He's been to slow to get "Stuff you mine isn't free" - trying to get him to understand opportunity costs as above is like trying to teach calculus to a ******.
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Lui Kai
Better Than You
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Posted - 2009.10.24 05:14:00 -
[5]
You. Make. The. Same. Per. Sale. Either. Way.
Christ on a biscuit, I really can't say this more clearly.
The minerals are worth EXACTLY THE SAME if you buy them or if you mine them.
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Lui Kai
Better Than You
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Posted - 2009.10.24 13:59:00 -
[6]
Originally by: uperkurk
Right well everyone is saying that its either the same or cheaper to buy the trit. well I guess I wont do it then cos in my wallet is only 50m once I buy all the minerals and the bpc which cost 50m I can sell widget for 55m, so I now has 55m. But I think ill buy all the minerals and the bpc for 35m and spend one hour mining to get the trit. but wait...! I still has 15m in my wallet? so then ill sell the wdget for 55m. but hold on? that means I has 70m in my wallet?
SOMEONE PLEASE EXPLAIN WHY OR HOW THE IS THE SAME, HONESTLY....
Jesus Henrieta Christ.
Last summer, I volunteered to help teach low-functioning autistic children sign language. They figured it out faster than you.
Literally - you learn more slowly than toddlers who aren't allowed to use the toilet unsupervised.
I give up. Mine your minerals, you'll make heaps more money.
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