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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.03.24 03:17:00 -
[1]
here is the dirty secret of technetium:
all of us sellers are raking in so much money at a time we really can't be bothered with structuring the orders so they don't nuke the market, so you see these sort of cycles as alliances dump onto the market randomly
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.03.24 15:51:00 -
[2]
Edited by: Weaselior on 24/03/2011 15:51:49
 Originally by: Herman Klaus
Originally by: Weaselior
here is the dirty secret of technetium:
all of us sellers are raking in so much money at a time we really can't be bothered with structuring the orders so they don't nuke the market, so you see these sort of cycles as alliances dump onto the market randomly
On a more serious note (not trying to get accused of shameless manipulation), are these dips ONLY because of the big alliances dumping their stock?
Also surely people must still have massive reserves. If daily consumption is so high for Tech then surely we'd be on a much higher price by now?
Largely, yes. For example, I have ~53b tech on the market (for goonswarm) right now. That seems like a lot, but it's a little less than a week's worth. Right now, since the market's artificially low, that's not all listed at .01 below the previous price, but that's what usually happens. Since the tech arrives in spurts, and I don't (and I assume other alliances don't) religiously .01 isk our stockpiles, what happens is giant blocking orders get dumped on every so often (dropping it), huge dumps to buys (dropping it) and the like. However, when those tech spurts have been a little while coming, tech dries up and it spikes back up. Since so many tech-holding alliances hold big chunks of it, you tend to see this behavior of dumping chunks on the market rather than a steady stream that helps the market stay stable.
I am probably better than most in that I don't just dump single mega-stacks and break it up instead.
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.03.24 17:15:00 -
[3]
Another thing is it's pretty unlikely any major tech producers are stockpiling tech. The reason for this is pretty simple: CCP has disliked the amount of money alliances could earn from high-ends for years, going back to the first introduction of alchemy. This is especially true with Tech, as it's value is accidental, and it's highly regional. In the short term, tech will keep going up, but in the long term, you risk a serious nerf that wipes out your stockpile. All the NC alliances have enough old guard to have the institutional memory of CCP's dislike for high-end moon mining income and probably won't make that mistake. It's much more likely everyone is just milking the cow as much as they possibly can before it goes to the slaughterhouse.
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.03.24 21:11:00 -
[4]
the big announcement is a botting crackdown
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.03.24 21:18:00 -
[5]
Edited by: Weaselior on 24/03/2011 21:18:18
Originally by: Herman Klaus
Originally by: Weaselior
the big announcement is a botting crackdown
Eeeek. SO much speculation. I'm excited/frightened 
I did read about the BPO announcement. That was from CCP. Hmmmm.
the guy in charge of account security and that sort of thing said he couldn't say anything more until fanfest when people complained about the lack of action against bots and then basically said "do I need to paint you a picture here"
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.05.11 18:56:00 -
[6]
tech owns, when one of our logi guys gets a cold the market goes crazy
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.05.11 18:59:00 -
[7]
on a related note wtb erebus bpo
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.06.04 23:59:00 -
[8]
One of the mass dumps was actually raiden., not the NC. They were the ones who were tremendously unsubtle, putting up ~1.4m units in identical stacks put up seconds apart.
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.06.20 17:54:00 -
[9]
Originally by: Ludacrys
Tech is going down again later, there are just not enough buy orders, i would advice you let it go down to at least 80k before trying to play speculation games so we all win
laffo
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.06.20 17:57:00 -
[10]
also it was way more than 50b, and the person was so lazy they did it with a 120k buy order
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.06.20 18:58:00 -
[11]
Edited by: Weaselior on 20/06/2011 18:59:21
the actual reason tech fell were a couple of newly-tech rich alliances are idiots about selling it, and sell it in a giant chunk they just dump on the market, instead of NC alliances who have had time to learn how to do it properly
they'll learn quick enough
edit: raiden and merciless were the two offenders I noticed
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.06.21 14:40:00 -
[12]
it's sort of flattering people think that a bunch of 0.0 pvp alliances could conspire together so effectively, goonswarm is the only one with a really developed financial division due to our "whoops, where did our sov go" incident and our "i wonder how long we can run an alliance off ratting taxes alone" period
0.0 alliances are lead by people who think they're napoleon in space, not croseus in space
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.06.21 14:56:00 -
[13]
I would have carteled tech in a heartbeat if I could, but the issue is that it's not alliance who owned most tech: it was corporations inside that alliance. That meant I couldn't go call up the head of MM and Razor and have OTEC made, I'd have had to negotiate individually with every single corp in those alliances, every corp in lesser NC alliances, then get PL/NC. in on it when they took venal moons. All of these people just want the damn money now, and don't want to wait. Maybe they have a titan they want to put in. Maybe (given some of the rumors) they have some $$ they need and need some tech to sell to have isk to sell. Maybe they just don't trust everyone else not to cheat while they horde tech, lowering their profits for everyone else's. In addition, maybe they don't want to risk stockpiling tech when it will be nerfed at some point - their stockpile may get wiped out in a patch and they won't have made enough in increased prices to make up for the tech they could have sold (this really increases the free-rider problem: the solution is everyone else to cartel, while you cheat your heart out).
Now, even within my own corps the people who mine moons are the most horrid of all industrialists, trying to do this with so many other corps would probably lead to open warfare.
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.06.22 19:41:00 -
[14]
Originally by: LarcatOfZion
Originally by: Weaselior
Now, even within my own corps the people who mine moons are the most horrid of all industrialists, trying to do this with so many other corps would probably lead to open warfare.
Can you explain what you mean by this? I don't know any moonminers, so I don't know what their outlook is like at all.
A lot of drama: everyone has an entitlement complex to all the moons they want and think the guy that got there first is cheating. Because there's a limited number of good moons, people tend to be absolute jerks about sniping all of them they can, as well as incredibly whiny that they don't have the moons they want. Anything else, people can cooperate, but every moon miner is himself against every other moon miner in the alliance.
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Weaselior
GoonWaffe
Goonswarm Federation
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Posted - 2011.06.22 23:41:00 -
[15]
Edited by: Weaselior on 22/06/2011 23:44:29
Originally by: LarcatOfZion
I always just assumed that the directors of big alliances would have cronies that would set up the POSes, and that the goo was semi-communal property the proceeds from the sales thereof were used by leadership to buy titans and crap.
You mean individuals in big alliances get the cashflows from the goo?
Depends on the alliance and the moon. How goonswarm works is certan moons (tech, neo, dysp, prom) are alliance moons: they're owned by the alliance, the alliance towers it. However, lesser moons (platinum, for example) are privately owned. Any member of the alliance can own those, first come first served. However Goonswarm is unique in that much more is done at the alliance level, instead of the corp level. In other alliances (such as the former NC) those valuable moons like technetium are owned at the corp level - various corps in the alliance own them and they have their own ways of distributing them and so on. If you want to do something with tech in Goonswarm, you talk to me, but in most alliances there is a huge list of people you must talk to and all of them are gonna be annoyed they don't have more technetium and be all whiny and bitter.
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