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Mythologica
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Posted - 2006.06.05 06:58:00 -
[1]
Well, after playing for a little over 18 months I've just made my first billion ISK. Actually it's more than that, I got lucky and got a T2 ammo BPO that I sold for just under 2B, plus what I had already, means that I now have about 2.5 billion ISK.
So, my question is, what should I do with it?
I've been primarily a mission runner, not currently in a corp, I fly a T2-fitted raven with a 2nd account flying a support ship. I don't really want to fly anything like a CNR, I can't fly HACs yet, I've got a full set of implants and a couple of jump clones.
I don't want to get into manufacturing which is why I sold the BPO in the first place, but I'd like some way to generate a regular income that would mean I could forget about ratting and mission running and go join some pvp corp for a while and not care about ship losses.
I know nothing about trading, I think I'd suck at it. I know nothing about investments and IPOs etc. I know nothing about scamming and even if I did I wouldn't want to do it.
So, any suggestions? I have capital burning a hole in my wallet, how should I put it to good use? What would you do with 2.5 billion? 
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Toman'Torax
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Posted - 2006.06.05 07:02:00 -
[2]
Give it to me 
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Torshin
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Posted - 2006.06.05 07:02:00 -
[3]
launch a couple pos
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Acterus Mensk
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Posted - 2006.06.05 07:03:00 -
[4]
Edited by: Acterus Mensk on 05/06/2006 07:03:28
You could give some to me....have yet to hit 1mil cash yet  . Must stop buying shiny gadgets I don't have the skill to use...
Edit: Start a one man corp =P You can go around telling people you're a CEO
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Mythologica
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Posted - 2006.06.05 07:05:00 -
[5]
 Originally by: Toman'Torax
Give it to me
Yeah that reply wasn't expected at all  Let me think...... no 
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Mal Hondo
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Posted - 2006.06.05 07:06:00 -
[6]
could go have fun in 0.0 for a long time :-)
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Kel Shek
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Posted - 2006.06.05 07:11:00 -
[7]
buy T1 ship BPO's and set them researching for very nice ME levels.
~~~~~
To see a World in a Grain of Sand
And Heaven in a Wild Flower
Hold Infinity in the palm of your hand
And Eternity in an hour
~~William Blake |
Jim McGregor
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Posted - 2006.06.05 07:13:00 -
[8]
If you want to use the money to make more money, you need to invest it, just like in the real world. So even though you think you might not like trading, you should have a look at it. Just trading npc trade goods will give you a good daily income of 60-100 million, depending on effort, routes and time spent.
Personally, when i reached 2.5, i stopped collecting and im having alot more fun in Eve not making it about money. I'll collect some more cash when i get below 2 again, but until then, its pvp time.  I think everybody is too hung up on making money in the game. When is it enough? 5 bill? 10 bill? 50 bill? Never? Making money is not fun, its just something you need to do from time to time. Dont make the entire game about it.
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The Eve Wiki Project |
Mythologica
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Posted - 2006.06.05 07:19:00 -
[9]
Originally by: Jim McGregor
If you want to use the money to make more money, you need to invest it, just like in the real world. So even though you think you might not like trading, you should have a look at it. Just trading npc trade goods will give you a good daily income of 60-100 million, depending on effort, routes and time spent.
Personally, when i reached 2.5, i stopped collecting and im having alot more fun in Eve not making it about money. I'll collect some more cash when i get below 2 again, but until then, its pvp time. I think everybody is too hung up on making money in the game. When is it enough? 5 bill? 10 bill? 50 bill? Never? Making money is not fun, its just something you need to do from time to time. Dont make the entire game about it.
Yeah I agree and I think that getting that BPO has now put me in a position where I can do just that. I want to forget about making money. I'd like to invest a big chunk of this cash so that I can do just that, forget about it.
I'll do some more research into trading, see if I can get my head round it, anyone got a copy of the EON issue 1 article on trading? 
Originally by: torshin
launch a couple pos
Yeah someone else suggested this to me, again not something I know much about. How do I go about doing this and how do POS's make money?
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Lunaticdie04
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Posted - 2006.06.05 07:33:00 -
[10]
Originally by: Jim McGregor
Making money is not fun, its just something you need to do from time to time. Dont make the entire game about it.
It can be, just depends what you do to make money. Running trade routes and siting around mining ice all day can get very tedious but doing missions (true they get boring after a while) or PVP (not just fighting but going against fellow market *****s, scamming and what not) can be enjoyable if you approach it the right. In fact if ou approach mining and trading the right wa I guess they could be enoyble too.
I joined BoB and all I got was this crappy sign 族
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Arlenik Emmanouelik
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Posted - 2006.06.05 07:34:00 -
[11]
First, decide whether or not you want to stay in empire or live in 0.0.
If you decide to stay in empire, buy a BS BPO, a BC BPO, and number of other ship BPOs, such as a cruisers. There is about 500k profit on average on a vexor, and about 8mil on a Dominix. NOW, with that kind of money that you have left over, you could set buy orders for minerals for many runs to build your ships. Take the whole region if you can, and set buy orders at 10-40% below market value. In no time you will be building ships and making a nice profit.
Now, you can do the same in 0.0, but for even more profit.  But 0.0 has its dangers ofc.
Thats just some idea as to what to do with your ISK.
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spookz
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Posted - 2006.06.05 08:25:00 -
[12]
He did say he didn't want to get into manufacturing.
I would go join a good pvp corp and have some fun.
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Dimitri Chandler
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Posted - 2006.06.05 08:36:00 -
[13]
1: Use a billion to put out a long range, long term, low price sell order on something low volume and resellable, like megacyte.
2: Twiddle thumbs
3: pick it up and resell it in a hub
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Tek'a Rain
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Posted - 2006.06.05 08:37:00 -
[14]
keep an eye out for ISS and buy a boatload of stock in their next Outpost project. I hear tell they turn around good returns over time. and the stock can be unloaded at profit later.
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Ricdic
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Posted - 2006.06.05 08:41:00 -
[15]
Eve Investment bank. That 2.5 billion could net you 208 million a month, just sitting in their account. I do not speak as an employee, just as one of their customers with my own personal hordes of cash in there. Jump in market discussions for linkage, I cant be arsed digging it up (work computer)
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Jim McGregor
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Posted - 2006.06.05 08:47:00 -
[16]
Originally by: Ricdic
Eve Investment bank. That 2.5 billion could net you 208 million a month, just sitting in their account. I do not speak as an employee, just as one of their customers with my own personal hordes of cash in there. Jump in market discussions for linkage, I cant be arsed digging it up (work computer)
The bank must be making some major iskies... if i invest 2.5 billion in trading npc goods, i could make 208 million in one day if i felt like hauling it around for many hours.
Then again, thats what banks do. Getting rich by investing other peoples money.
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wierchas noobhunter
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Posted - 2006.06.05 08:59:00 -
[17]
Originally by: Mythologica
Originally by: Toman'Torax
Give it to me
Yeah that reply wasn't expected at all Let me think...... no
yep give it to me
i will be best your friend 
join soar angelic
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Ricdic
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Posted - 2006.06.05 09:04:00 -
[18]
Yeh, anyone could make more than 208m a month. However, if you are someone that prefers to simply let your isk work for you, they are perfect.
I work large hours and spend 4 hours a day travelling for work. When not working, I am looking after my 5 month old son while my wife is working.
This means that I have very little time for Eve these days.While I could earn more putting in the hard yards, my time is too valuable to be able to do this. People in similar situations to me would be the best candidates for the EIB.
Plus, if I wanted to spend 6 months away from eve (saving cash) I could come back to find plenty of cash in the account. In the ops case, if he were to take a 6 month hiatus, he could come back to 1.25 billion isk more in his account (actually more considering interest is earned on interest.
Signup - 2.5 bil invested = 625m per quarter
3 months - 3.125 bil invested = 781m per quarter
6 months - 3.906 bil invested = 976m per quarter
So at 6 months you have a total of 3.9 billion isk, a profit of 1.4 billion isk
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Jim McGregor
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Posted - 2006.06.05 09:10:00 -
[19]
I agree. For people that have commitments in real life, the bank is perfect.
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Nooey
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Posted - 2006.06.05 09:31:00 -
[20]
Edited by: Nooey on 05/06/2006 09:33:16
Grats, you got to skip the part most of us have to go through. Acquiring money to fund pvp fun.
Here's my suggestion for something FUN to do with your money. It wont make it grow, like an investment. But it will provide you with:
- FUN!
- Important PvP skills and experiences. Something money can, in your case, buy!
- A lot of killmails (I hope!)
Fit up totally Tech I Raven. You said you fly a T2-Fitted one, so I'll assume that to be everything from CML/SML II's to Invuln II's to PDU II's. But...
Forget all that. Totally Tech I-fitted! That doesn't mean pure Tech I, but *cheap*, that means malkuth launchers, named t1 shield hardners etc. With your T2 skills it will be a scary beast even with a cheap-ass rig.
Now, you should end up with a Raven rig that costs around 10-20m. Throw in Insurance, that's another 30m. Now taking insurance payouts into account, if you lose that raven, you lose, at worst, 50m ISK. The Raven insurance will pay for itself, all you need to do is re-insure and re-rig.
Now, you have 2.5 Billion ISK. That's FIFTY Ravens you can field with that money. But, keeping some ISK aside for yourself, and assuming you'll be spending money on a few other things, we'll cut that down a bit, to say, thirty.
That's still thirty ravens! The amount of fun you can have with thirty ravens...!
Especially when you're facing down a 50/50 situation that could go either way, or even a seriously suicidal situation that looks like fun. And you're contemplating whether or not to dive in, and then you realise, "Wait, this is Raven Number 5, I still have another 25 left if this goes bad".
Oh man, what I would give to be able to think thoughts like that...
...why would you invest, honestly.
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Ricdic
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Posted - 2006.06.05 09:38:00 -
[21]
Originally by: Nooey
...why would you invest, honestly.
Because, instead of 50 ravens and then having nothing after 18 months playing, he could simply have an allowance of 4 ravens per month @ 50 mil each, and a never ending supply. Ravens funded off interest only.
My 6 month comment wasn't something I would recomend. I still think if he wants he should get out there and pvp, but rather than needing carebear 2nd account in empire mining to fund his habit, he can take a smarter route (albeit with some risk involved)
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Nooey
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Posted - 2006.06.05 09:50:00 -
[22]
Originally by: Ricdic
...instead of 50 ravens and then having nothing after 18 months...
He wouldn't have nothing. That was my point. He'd have FUN.
As opposed to being another omglookatmywallet carebear grinding for ISK for no actual reason other than to grind for ISK. (Not a direct comment to you Ricdic, btw. Just an observation in general that many players value ISK intrinsically and not for any instrumental use it may have...*ahem*)
Although, that said, 4 allowable Ravens a month...now that is a nice middle ground. I say go for that, mix a bit of carebearism in so that you can endlessly fund your PvP.
Something tells me after a while you'd pull that money out of the bank and start taking T2-fitted ravens into combat once you're confident. PvP is so much fun, especially when you never had to earn your way into those ravens...^_^
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Jim McGregor
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Posted - 2006.06.05 09:54:00 -
[23]
Pvp is even more fun if you fly a fast frigate instead of a slow battleship. Why pvp in a battleship when its much more fun attacking those slow battleships using cruisers or frigates together with some friends?
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D2O HeavyWater
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Posted - 2006.06.05 10:18:00 -
[24]
Become PVP youll soon find yer wallet depleting. But youll have a lot more fun than mission running.
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Luverly Buns
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Posted - 2006.06.05 10:21:00 -
[25]
I think you should just save yourself all the anxst and just buy another billion off ebay when the money drops below the 2 Billion you just acquired (with your character that has no portrait and just got here)
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Kel Shek
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Posted - 2006.06.05 10:28:00 -
[26]
Originally by: Nooey
Originally by: Ricdic
...instead of 50 ravens and then having nothing after 18 months...
He wouldn't have nothing. That was my point. He'd have FUN.
As opposed to being another omglookatmywallet carebear grinding for ISK for no actual reason other than to grind for ISK. (Not a direct comment to you Ricdic, btw. Just an observation in general that many players value ISK intrinsically and not for any instrumental use it may have...*ahem*)
Although, that said, 4 allowable Ravens a month...now that is a nice middle ground. I say go for that, mix a bit of carebearism in so that you can endlessly fund your PvP.
Something tells me after a while you'd pull that money out of the bank and start taking T2-fitted ravens into combat once you're confident. PvP is so much fun, especially when you never had to earn your way into those ravens...^_^
but thats the whole thing. in theory, if you can get your investments well managed and up to a certain point... then you could essentially be indefinitely financed.
I mean think about it... if you can have investments that pay 3 million a day profit, without "doing" anything but say, stoking a copy-lab, or soemthing even more passive... for as long as you can maintain that investment's cash flow... you no longer have to pay real money to play the game.
you invest enough and get enough of a return self perpetuating, in theory, basically you can do whatever you want, without concern... because you have a self-generating, functionally endless flow of money.
from my understanding it works in real life too... that ultra rich people don't spend their money. they spend the interest on their money, and they spend whats left over on increasing their money to make more interest.
isn't that kinda the whole principle of the concept of being "independently wealthy"? that your investments and holdings and such passively generate enough funds to finance you doing whatever the hell you want?
~~~~~
To see a World in a Grain of Sand
And Heaven in a Wild Flower
Hold Infinity in the palm of your hand
And Eternity in an hour
~~William Blake |
Hoshi
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Posted - 2006.06.05 11:11:00 -
[27]
Originally by: spookz
He did say he didn't want to get into manufacturing.
I would go join a good pvp corp and have some fun.
QFT.
If you are not playing the game just to aquire as much isk a possible then you should use it to have fun. Lots of isk allows you to fly cool ships like the vagabond without beeing to concernd with loosing it.
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Thoth Athena
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Posted - 2006.06.05 11:38:00 -
[28]
If you want to have fun - PvP - you can afford to replace
If you want to have ease - put it in a bank
If you want to increase your money fast - trade faction loot like me :)
If you want to experience something new, buy a 2nd well-trained char.
Think that covers everything :)
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sbaker
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Posted - 2006.06.05 11:46:00 -
[29]
If I was in ur shoes...just buy fraction stuff for you Raven eg TS or what ever like SB X type this or that... and have fun... then start giving isk away who are dock at your station like 1 mill isk....i do to see if they AFK... and to see the rection in local is funny sometimes....
P.S so far I lost 100mill doing that, i must not do it while drunk
SB
Some people have Music or MP3....I collect EvE videos that I watch during downtime...oh well... My top 5 videos and worst top 5 videos coming soon!. |
Nooey
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Posted - 2006.06.05 11:59:00 -
[30]
Originally by: Kel Shek
but thats the whole thing. in theory, if you can get your investments well managed and up to a certain point... then you could essentially be indefinitely financed.
*snip*
isn't that kinda the whole principle of the concept of being "independently wealthy"? that your investments and holdings and such passively generate enough funds to finance you doing whatever the hell you want?
Yeah, agreed Kel, that he has the option of remaining independently wealthy for his entire eve career, I even said that the idea of funding PvP off interest was a nice middle ground. But I wouldn't go so far as to say he can do whatever the hell he wants. There's still constraints, one raven a week, tech I fitted.
Or, has been stated, 20-zillion frigs a week. Frigate/Cruiser raids are just about as good as PvP gets, but then again, it's a very subjective thing. I only suggested taking out a Raven because you can, and if I was in your position I'd stop playing with my inty's pronto and fit 30 T1 Ravens and go on a rampage.
____ |
Mythologica
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Posted - 2006.06.05 12:03:00 -
[31]
Originally by: Nooey
remaining independently wealthy for his entire eve career
That's a phrase I like the sound of
Originally by: Nooey
fit 30 T1 Ravens and go on a rampage.
LOL so is that 
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Testy Mctest
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Posted - 2006.06.05 12:27:00 -
[32]
1) Buy every auto targeting system in Eve
2) ...
3) Take over the world
Testy's Eve Blog, Updated 01/06/06
Caldari Alt for sale!
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Mortalius Vael
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Posted - 2006.06.05 13:02:00 -
[33]
If you're reading this and you are inclined then I would very much like to learn the nuiances of investment across the board. I have two accounts with very expensive 0.0 habits and I would like to develop a virtual nest egg.
I'm interesting in learning about EIB and all of the market tricks. If you have time and you would like to help a newer player out feel free to email [email protected] with any tips tricks or URLS
(or post them here).
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Meeko Gloom
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Posted - 2006.06.05 14:41:00 -
[34]
Buy a whole set of +4 implants and fly into BOB space with a Frieghter
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Guns dont Kill People
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HostageTaker
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Posted - 2006.06.05 15:37:00 -
[35]
Originally by: Mythologica
Well, after playing for a little over 18 months I've just made my first billion ISK. Actually it's more than that, I got lucky and got a T2 ammo BPO that I sold for just under 2B, plus what I had already, means that I now have about 2.5 billion ISK.
So, my question is, what should I do with it?
I've been primarily a mission runner, not currently in a corp, I fly a T2-fitted raven with a 2nd account flying a support ship. I don't really want to fly anything like a CNR, I can't fly HACs yet, I've got a full set of implants and a couple of jump clones.
I don't want to get into manufacturing which is why I sold the BPO in the first place, but I'd like some way to generate a regular income that would mean I could forget about ratting and mission running and go join some pvp corp for a while and not care about ship losses.
I know nothing about trading, I think I'd suck at it. I know nothing about investments and IPOs etc. I know nothing about scamming and even if I did I wouldn't want to do it.
So, any suggestions? I have capital burning a hole in my wallet, how should I put it to good use? What would you do with 2.5 billion?
If you want to multiply your isk in a rather short time then I suggest the following:
1. Freighter of your choice
2. Instas
3. Trade runs
There are trade runs that easily net more than a Taranis BPO.
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Drizit
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Posted - 2006.06.05 15:56:00 -
[36]
Going back to the BPO idea, get a BS BPO and research it to a decent ME level. Make copies and escrow them. Making the BPC's won't cost a lot and you can escrow them for a fair bit. It's quite a nice little profit margin and you don't have to babysit the BPO while it researches or copies. Use a JC to get to the station if you are in 0.0 to start off a new copy run, escrow the copies you have and the rest of the time is yours.
--
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Urio
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Posted - 2006.06.05 16:47:00 -
[37]
When I reached my first Billion (the hard way, ratting and mission running), I bought a freighter. Now whenever I want to move to a different area of space, I just pack everything up in the freighter and move.
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Cryptic Myst
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Posted - 2006.06.05 17:47:00 -
[38]
Have a contest that will double your ISK. Call the contest: ôWhat would I do with 1 Billion ISK?ö with a 1 million ISK entry fee. You pick the best idea and give the winner 1,000,000,000 ISK. If you get 2,000 entries, you get 2,000,000,000 while only giving away half of that. Plus youÆll have plenty of ideas of what to do with all that ISK! |
Myst Override
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Posted - 2006.06.05 18:06:00 -
[39]
Originally by: Nooey
fit 30 T1 Ravens and go on a rampage.
LOL so is that
Oooo Ooo Even better, get 30 Raven Pilots to Fly 30 Raven Ships, with supporting ships, and THEN go on a rampage! Fun. |
Eximius Josari
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Posted - 2006.06.05 18:06:00 -
[40]
Do what I did and make more billions.
Click Above |
Ricdic
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Posted - 2006.06.06 10:09:00 -
[41]
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