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Karin Yang
Sebiestor Tribe Minmatar Republic
26
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Posted - 2016.04.26 20:50:54 -
[31] - Quote
probag Bear wrote:Karin Yang wrote:lol, actually you may still get some loan from me. For the characters? Please yes. I don't want to have gone through the work of setting up that hellish thread for nothing. PM me. PMed |
probag Bear
Xiong Offices
90
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Posted - 2016.04.27 21:21:59 -
[32] - Quote
As Tuesday dragged on, I reverted to my bitter self and grew more and more disillusioned with the world. I ended up turning my pre-patch alarm off and going back to sleep, so eventually, I only had time to throw about 70bil into this. 70bil multiplied still isn't bad, but it's definitely not story-worthy.
My mistake was telling rhivre about this. That made me feel obligated to treat the entire matter with at least an air of seriousness, instead of just shooting the **** and teasing people about it like I had originally planned. Not to say that I wasn't feeling the temptation to treat this seriously regardless. I just would not have acted on it. Wouldn't have lost any sleep, wouldn't be feeling any disappointment right now, would've extracted all my sp without actually trying to pawn it instead.
Going to pay rhivre and Nixarat after I get some sleep, then go away until manufacturing structures get added into the game.
May Darkb, thank you for being a ray of hope in that otherwise terrible yesterday. You actually cheered me up quite a bit; without your stunt, if everything else had gone identically, I don't think I would've actually bothered to wake up before the patch and try to throw at least a bit of isk at it.
tl;dr: "probag's really quite bitter right now that he didn't manage to successfully scam anyone" |
Rhivre
TarNec Invisible Exchequer
877
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Posted - 2016.04.27 22:46:45 -
[33] - Quote
probag Bear wrote:As Tuesday dragged on, I reverted to my bitter self and grew more and more disillusioned with the world. I ended up turning my pre-patch alarm off and going back to sleep, so eventually, I only had time to throw about 70bil into this. 70bil multiplied still isn't bad, but it's definitely not story-worthy.
My mistake was telling rhivre about this. That made me feel obligated to treat the entire matter with at least an air of seriousness, instead of just shooting the **** and teasing people about it like I had originally planned. Not to say that I wasn't feeling the temptation to treat this seriously regardless. I just would not have acted on it. Wouldn't have lost any sleep, wouldn't be feeling any disappointment right now, would've extracted all my sp without actually trying to pawn it instead.
Going to pay rhivre and Nixarat after I get some sleep, then go away until manufacturing structures get added into the game.
May Darkb, thank you for being a ray of hope in that otherwise terrible yesterday. You actually cheered me up quite a bit; without your stunt, if everything else had gone identically, I don't think I would've actually bothered to wake up before the patch and try to throw at least a bit of isk at it.
tl;dr: "probag's really quite bitter right now that he didn't manage to successfully scam anyone"
Its so much storyworthy.
Fluffy Bunny Pic!
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probag Bear
Xiong Offices
90
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Posted - 2016.04.27 23:14:10 -
[34] - Quote
10bil sent to Nixarat. |
Zahara Cody
Imperial Corrections Service.
254
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Posted - 2016.04.28 00:45:30 -
[35] - Quote
That's too bad. I really had 10 tril to throw at this.
Hating is free, that's why poor people do it the best.
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probag Bear
Xiong Offices
90
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Posted - 2016.04.28 01:05:51 -
[36] - Quote
Zahara Cody wrote:That's too bad. I really had 10 tril to throw at this.
That would definitely have made people notice post-patch. Alas. Maybe if we had had more concurrent online time, we could've actually gone through with the 3rd party idea. |
Sammy Jaay
Federal Navy Academy Gallente Federation
1
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Posted - 2016.04.28 04:13:31 -
[37] - Quote
So, let me get this right. There was no great ability to multiply your isk? And this was indeed a scam? |
May Darkb
School of Applied Knowledge Caldari State
0
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Posted - 2016.04.28 04:50:43 -
[38] - Quote
probag Bear wrote:May Darkb wrote: Hey there,
I am pretty good, finally become sober now. I am going to send isk. 240 millions right?
Oh, wait, that's 240 BILLIONS?! But I only have 240m in my pant's pocket, wait again, I am not wearing pants. Will you accept 240m as loan lol? If yes, I will use it to buy all your characters out of mercy. :)
omg, what terrible things have I done. I just ruined you auction with several mails. I shut down your broadcast for rep, neutralized your time, I am sooo sorry for that. Now your time is less than 20 hrs, and you have no way to get a loan. You have to melt down your toons, by your hand, in tears. I must have destroyed a squad of titans and ******** their pilots' minds.
So what should I say? op success lol. I will remember this killmail even after quitting eve. I am ready for that this time.
Okay then. Back to the original plan: going to just manually extract everything. May Darkb, your actually was success. Having all those alts drop corp, pause their skill queues, and then post in the thread through the "your account is younger than a week, and so you have to wait 5 minutes between posts" filter was incredibly painful. I never want to go through that again. I should have said "plz move them all to Rens, and I would loan you 500m more for each one you moved" :) |
Nixarat Syfodias
Phantasm Rtd.
2
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Posted - 2016.04.28 12:08:52 -
[39] - Quote
Confirm recieving 10b back.
edit: I might be the only person in EVE who actually got his isk doubled xD |
Areen Sassel
90
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Posted - 2016.05.02 23:14:49 -
[40] - Quote
https://www.themittani.com/features/plex-wall-incident carries an explanation of what was going on... well, I say "explanation" but frankly the step where one actually turns a profit eludes me. At the end "You now have about 0 ISK in your wallet, and buy orders for a total of 250,000 PLEX on the market" - all of which will evaporate as soon as they are touched because you have no ISK to back them up. (Even if you retained a modest quantity, you'll never fill all 250,000 or anything like it).
Someone explain it to me? |
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Rhivre
TarNec Invisible Exchequer
880
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Posted - 2016.05.03 00:24:46 -
[41] - Quote
Areen Sassel wrote:https://www.themittani.com/features/plex-wall-incident carries an explanation of what was going on... well, I say "explanation" but frankly the step where one actually turns a profit eludes me. At the end "You now have about 0 ISK in your wallet, and buy orders for a total of 250,000 PLEX on the market" - all of which will evaporate as soon as they are touched because you have no ISK to back them up. (Even if you retained a modest quantity, you'll never fill all 250,000 or anything like it).
Someone explain it to me?
Because the orders dont fill all at once, and when he starts selling, he starts getting isk back to fill more orders
So, once 18000 have been bought and sold, he is left with profit on 18000 plex.
So, say he put in 100b, and got 1% profit on 18T isk, he would have 180b, if 2% 360b, if 3% 540b etc.
Fluffy Bunny Pic!
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Areen Sassel
90
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Posted - 2016.05.03 02:47:50 -
[42] - Quote
Rhivre wrote:Areen Sassel wrote:Someone explain it to me? Because the orders dont fill all at once, and when he starts selling, he starts getting isk back to fill more orders.
This seems risky; the sellers have only got to get ahead of his cash-in-hand once, and every single order vanishes. Presumably he has to sleep sometimes.
Furthermore, I appreciate what you're saying - that in the ideal scenario, he could get the return on an enormous number of PLEX by having placed all these orders with the pre-patch broker fee so he's able to work with a smaller spread that anyone else... but what if the slump continues, and people just aren't buying enough? Again, all the buy orders go *pffft*. |
probag Bear
Xiong Offices
91
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Posted - 2016.05.04 16:01:56 -
[43] - Quote
Areen Sassel wrote: This seems risky; the sellers have only got to get ahead of his cash-in-hand once, and every single order vanishes. Presumably he has to sleep sometimes.
That is indeed the only risk. I've already talked to two people who have pointed out that they could easily make all my buy orders evaporate. The only disincentive is that it would also make them lose a lot of isk in the process.
Quote:Furthermore, I appreciate what you're saying - that in the ideal scenario, he could get the return on an enormous number of PLEX by having placed all these orders with the pre-patch broker fee so he's able to work with a smaller spread that anyone else... but what if the slump continues, and people just aren't buying enough? Again, all the buy orders go *pffft*.
If the slump continues, I relist orders at a lower price. Instead of say a 3.888x muliplier at 1B, I have a 3.69x multiplier at 0.8B. Still worth it.
Quote:You have to keep them selling fast enough to refill the wallet to keep up with people selling into your buy orders.
Why? I think this is your main misconception. There's nothing that forces me to sell at a certain speed. I've played Eve for a total of ~180 minutes since patch-day so far. What would force me to stay on 24/7? |
Areen Sassel
95
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Posted - 2016.05.04 18:08:17 -
[44] - Quote
probag Bear wrote:Areen Sassel wrote: This seems risky; the sellers have only got to get ahead of his cash-in-hand once, and every single order vanishes. Presumably he has to sleep sometimes.
That is indeed the only risk. I've already talked to two people who have pointed out that they could easily make all my buy orders evaporate.
If the market at large is mostly selling - especially, if it's relatively price insensitive because Mr VISA wants the ISK for a citadel right now - this will happen without effort on anyone's part, won't it?
Quote:Quote:You have to keep them selling fast enough to refill the wallet to keep up with people selling into your buy orders. I think this is your main misconception. There's nothing that forces me to sell at a certain speed. I've played Eve for a total of ~180 minutes since patch-day so far. What would force me to stay on 24/7?
Because otherwise you would risk, with your depleted wallet (if you had dumped all your ISK into it as originally planned), your wallet becoming empty and all your buy offers evaporating at once. If you're online, you can combine selling and relisting to stay solvent (although relisting all those orders would be agony [1]); if not, a sufficiently large market movement will wipe you out.
(To be clear, I'm not trying to play the usual forum willy-waving game. If you explain to me in a civil fashion why I am mistaken, I will be pleased and grateful.)
[1] I suppose having placed them all once you could stagger the prices on relisting, which would make a complete wipeout much less likely. |
probag Bear
Xiong Offices
92
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Posted - 2016.05.04 21:59:10 -
[45] - Quote
Areen Sassel wrote: [1] I suppose having placed them all once you could stagger the prices on relisting, which would make a complete wipeout much less likely.
I relist all my orders at 700mil each (in reality, I did 850mil). When I log on, I bring them up to current market price two at a time. A complete wipeout would require someone to temporarily take PLEX prices down to 700mil. |
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