Tisha Salona
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Posted - 2010.05.28 04:20:00 -
[1]
 Originally by: Javajunky
Originally by: Akita T
Originally by: Javajunky
Yeah I'm real hard pressed to believe in a crash in the mineral market.
So, you missed the whole months-long business of "building battleships JUST TO BLOW THEM UP FOR INSURANCE MONEY" going on ?
Or that more than occasionally, ships were selling BELOW 70% of platinum insurance payout on the market ?
That should have been a dead giveaway already to the fact that in the absence of the "price support" of insurance payouts, the price of ships would crash, dragging the price of the aggregate mineral basket down below with them.
Right now, that mineral basket is hovering at around 70% of the "old baseprice". As soon as the insurance rates start to get auto-adjusted to PERFECT BUILD COST AT MINERAL MARKET PRICES instead of the old fixed payout values, there's only one direction the combined mineral basket can possibly go : DOWN.
As for the rest of your post... please, that's baseless wishful thinking. The economist has done at least as much harm as he has done good, and a lot of people would argue that he did more damage than bring in benefits.
The arrogance of your post is only out done by your ignorance and lack of respect of other peopleÆs opinions. Oddly youÆve changed your opinion as you previously stated it could go either way.
You make assumptions without hard data, care to tell me the how many people were in that business? Care to tell me the exact amount of ships that were blown up? Statistically speaking how much minerals did the activity remove from the market?
Oh well you probably canÆt since you donÆt have all the facts. But blather on with your arrogance, continue to insult or belittle people who respectfully offer a thought or opinion.
I agree. I am a miner of a couple of years. I am no expert but mining has always generated an income that was sufficient and has made me, in my opinion, wealthy. I believe that our knowledge of how the market works, compared to those with hard data and full knowledge of the game mechanics that power the economy, is very weak in comparison. Now player has access to that kind of data.
I believe that a prediction by any player here about the mineral market can be nothing more than a guess. Your guess is as good as any other, so whether minerals go up or down in price, both outcomes are equally possible when you don't understand the mechanisms of the game to the extent that the DEV of Eve does.
My 0.02isk
Safe Flying 
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