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Amarrchecko
Hedion University Amarr Empire
113
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Posted - 2017.01.14 02:56:07 -
[1] - Quote
Why has trit been hovering so very close to 5 isk for the last month? It trended downwards until mid-december, and then as soon as it got to 5 it leveled out. Is there something artificial affecting the price at that point, or is it just a coincidence that the price is reaching such an equilibrium right at that number? |
Do Little
Virgin Plc Evictus.
741
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Posted - 2017.01.14 09:28:04 -
[2] - Quote
I've been buying from sell orders in the 4.50 - 4.75 range for the past couple of weeks. Buy orders are also in that range. There is a lot of Capital ship and structure construction going on - I expect supply/demand equilibrium to be reached soon and prices will probably start moving back up once Alphas get tired of Venture mining and move on to other activities. |
morion
Lighting Build
180
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Posted - 2017.01.14 13:58:05 -
[3] - Quote
Do Little wrote: - I expect supply/demand equilibrium to be reached soon and prices will probably start moving back up once Alphas get tired of Venture mining and move on to other activities.
Venture <-- or --> Rorqual ? I've also been using 4.50 - 4.75 range.
supply/demand equilibrium to be reached ... |
morion
Lighting Build
180
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Posted - 2017.01.14 15:37:03 -
[4] - Quote
Amarrchecko wrote:Why has trit been hovering so very close to 5 isk for the last month? It trended downwards until mid-december, and then as soon as it got to 5 it leveled out. Is there something artificial affecting the price at that point, or is it just a coincidence that the price is reaching such an equilibrium right at that number?
BRN Big Round Number a resistance zone Ttritanium has had that at 2-3-4-5-6-7 threw the years.
small-scale use of the term but applicable |
Q-Ken Perrin
Center for Advanced Studies Gallente Federation
0
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Posted - 2017.01.14 15:38:01 -
[5] - Quote
morion wrote:
I've also taken pleasure in the lower range.
Pretty much how it works, universally, I think.
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Scarlett LaBlanc
Midnight Savran Industries
188
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Posted - 2017.01.14 16:41:30 -
[6] - Quote
I tend to think that under 5 ISK is where some segments of the trading population are going to start buying up stock planing on the eventual price rise. 5 ISK may also be a "psychological floor" for miners whom may prefer to sit on stock rather than sell it for less.
I think the two will provide a barrier to prices falling further in the short term. If supply outpaces the appetite of those playing the market, then the price will fall further. |
Sabriz Adoudel
Move along there is nothing here
5943
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Posted - 2017.01.14 23:12:42 -
[7] - Quote
I am expecting Trit to fall further against PLEX.
No matter the ISK value, one PLEX has pretty consistently bought 160-180 million units Trit.
I am expecting this ratio to push toward 250 million. I am keeping only a minimal amount of Trit at present (150m units or so) and reordering small amounts as needed.
Definitely not putting up billion unit buy orders right now.
The reason: Alpha clones can create a lot of minerals, as can Rorquals. But alphas use almost no minerals. Not even a million Trit goes into a Vexor.
I support the New Order and CODE. alliance. www.minerbumping.com
Sabriz's Rule: "Any time someone argues for a game change claiming it is a quality of life change, the change is actually a game balance change".
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