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The Ultimate Project - Turning 5k into 1b in 1 month using market only

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Coconut Joe VIRTUAL LIFE VANGUARD Te-Ka	Posted - 2008.01.27 22:58:00 - [241] Reguarding my bet placed here. I'm afraid I'm going to have to pull out due to the change in rules. This new 'challenge' isnt even newsworthy tbh. Best of luck anyways. - Eve IGB Store Template - The complete eve retail solution.
Vested Interest	Posted - 2008.01.28 00:25:00 - [242] Originally by: Bouncer Ricdic Originally by: Cpt Fina Care to share which program you are using to keep track of your transactions / ISK? sure we have a custom fit version of Ray's wallet (one that allows multiple API's logged under one) and using Ambo's EMMA software. Ambo's is local but Ray's is online and will be available to all once we finish the project. Where can I get the version of Ray's that does this? It's exactly what I want.
Bouncer Ricdic	Posted - 2008.01.28 01:32:00 - [243] Originally by: Vested Interest Originally by: Bouncer Ricdic Originally by: Cpt Fina Care to share which program you are using to keep track of your transactions / ISK? sure we have a custom fit version of Ray's wallet (one that allows multiple API's logged under one) and using Ambo's EMMA software. Ambo's is local but Ray's is online and will be available to all once we finish the project. Where can I get the version of Ray's that does this? It's exactly what I want. You could start with a whole lot of sexual gratification on Ray
SencneS Amarr Spartan Industrial Manufacturing SMASH Alliance	Posted - 2008.01.28 06:23:00 - [244] I ran a little experiment myself although it was of a different nature. Although it's not trade it's something to consider for newbies. As a helping hand. AFK Ratting Across the 36 hours worth of data, every 20 minutes I killed rats for about 28K (Average was 28,450) bounty. Across an entire month, at 28K per 20 minutes you would get - 57,960,000 Not bad considering you're literally not doing anything. (No no macro is needed for AFK ratting in high-sec) Data:- Had to exclude a faction spawn which got me 180,000 in a single rat. Was in a 0.5 system, high sec. AFK Ratting consists of deploying drones and range/tracking enhance those drones with good drone skills. (T2 drones) This may very well be why "DED Connections" skill is not in the game. Lets assume you get that skill, and train it to level 5, across the same 30 days you would get about 50K every 20 minutes. (((50,0003)23)*30)= 103,500,000 a month and you never actually do anything. Amarr for Life
Myadra Amarr Cruoris Seraphim	Posted - 2008.01.28 11:26:00 - [245] Originally by: SencneS AFK Ratting I used to AFK rat in my ship with small armor repairer running none stop and a cargo bay of FoF missiles, and sat at a planet spawn in .7. 50k rats every few minutes, and left a weight on my keys that had missile slots. not sure If i really made alot in the end, but it helped pay for some things, new frigates and cruisers, but doesnt really duplicate or move up in % like trading, getting to 1mil then 10, then 100 etc. anyways thats off topic , but think its really interesting this project , will be keeping close eye on it, lets let him work his magic, more he reply's here less time he is trading, and more info he gives, less he'll actually be able to make :) -Banner coming- Back from long break
The Djego Minmatar FORTES FORTUNA ADIUVAT CORP. The Dawn of Darkness	Posted - 2008.01.28 17:35:00 - [246] I realy like your project and it is a shame that you don¦t have the time to realy do everything needet to reach the goal solo. I started a little "Experiment" myself, as my Account trained BS5 and was not paied. I was bored and somebody had problems to get a account so I created one for him. After this he managed it itself and I got nothing to do and a 14 Day Trail Account. Firstly I was about some small Frig PVP but well several importend Skills where missing. No Implants, no Skills, no Money. In about 2 Hours I got myself a Tier 3 Frig including Fitting and basic Skills by ratting and doing 2 Trading Missions. During the days I quite enjoyed my new Toon, made some new frinds and allways was lucky with the loot(also several Faction Items during 0.5 and Low Sec Belthunting). Also I realy enjoyed "aquireing" Loot of Low Sec and High Sec Ganks of other Players(looting 30-50 M a day for Trail Char is realy good). Also by knowing Prices and the Market I selled everything quite fast and for a good price. After this 14 Days I got all the Advanced Learning Skills, a full Set of +4 and Hardwirings, a Faction Frig with a expensive Fitting and many Ships/Items in stock also over 200m on the Wallet. Since I went a bit lazy in the last weak(also less time for EvE) I made about 350-400 M ISK in total with a Trail Char. I think if you put more work in it you can even hit 500 M or more without mutch problems during trail(even if you focus on the learning like I did). My best Item I looted in Low Sec was a LG Slave Epsilon and I selled it 2 days later for 121 M in Jita. So good luck with your Project. I hope you will reach your goal. Even if you not hit the 1 B doing something like this is great fun and a very good test to yourself how good you are at eve, not by SP but as a player. ---- Nerf Tank - Boost Gank! Originally by: Jonny JoJo 425 II In PVE? Surely hybrid users use Blaster in PvE.
Malik77	Posted - 2008.01.28 19:32:00 - [247] This looks very interesting and I hope you make it! I cannot wait to see the breakdown at the end of this. Good Luck,
Ulstan	Posted - 2008.01.29 19:01:00 - [248] I think this project still has a lot of value. It may not answer the question "can one newbie get to 1billion in one month" but if Ricdic does a detailed write up, it should be a treasure trove of information for new folks wanting to get started.
K'dararle	Posted - 2008.01.29 20:13:00 - [249] you made 39m in 8 days and people are throwing 100b at you? the mind boggles
Klavayne Free Mercenaries Union	Posted - 2008.01.29 22:53:00 - [250] Originally by: K'dararle you made 39m in 8 days and people are throwing 100b at you? the mind boggles Yes, because this is the first time anybody in MD has heard of ricdic, for sure. Read the thread properly and do some research please.
K'dararle	Posted - 2008.01.29 23:06:00 - [251] Originally by: Klavayne Originally by: K'dararle you made 39m in 8 days and people are throwing 100b at you? the mind boggles Yes, because this is the first time anybody in MD has heard of ricdic, for sure. Read the thread properly and do some research please. I need to do research to discover making 39m in 8 days isnt exactly mind blowing?
Grayclay Caldari Imperium Technologies	Posted - 2008.01.29 23:31:00 - [252] Originally by: K'dararle Originally by: Klavayne Originally by: K'dararle you made 39m in 8 days and people are throwing 100b at you? the mind boggles Yes, because this is the first time anybody in MD has heard of ricdic, for sure. Read the thread properly and do some research please. I need to do research to discover making 39m in 8 days isnt exactly mind blowing? No, you need to do research to realize that he started with 5,000 on a starter character, and making 38mil from 5k isn't exactly easy in 8 days. ricdic, might want to update the first post with new numbers soon.
Lorravan	Posted - 2008.01.30 00:40:00 - [253] If he could generate that same rate of return on 100B isk people would be lining up to throw money at him I'm sure. Even given the projected 7% rate of return on his newest offer people are still willing to invest because they believe he is trustworthy and capable. This has more to do with his past investment projects than this particular challenge.
Kylar Renpurs Dusk Blade	Posted - 2008.01.30 00:55:00 - [254] Quote: No, you need to do research to realize that he started with 5,000 on a starter character, and making 38mil from 5k isn't exactly easy in 8 days. And more impressive that it's without mining, NPC-ing, mission running etc.. Improve Market Competition!
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.30 01:21:00 - [255] Originally by: Grayclay ricdic, might want to update the first post with new numbers soon. Yeh I have been working a 7 day week in RL so haven't had much time to dedicate to this project. Takimi has been hammering away at it in the background. After downtime today my weekend will start so I will do a full writeup on new NAV. I need to calculate it all but it's now around Day 12 and iirc we have close to 130-150m NAV. Anyway will confirm and let everyone know.
Slade Trillgon Siorai Iontach Brotherhood of the Spider	Posted - 2008.01.30 14:27:00 - [256] Edited by: Slade Trillgon on 30/01/2008 14:39:19 This thread may just blow up here in a bit. I saw an article on the log in screen last night. I am interested in seeing if that boosts MD readers. As for the changes, I can see how someone would want to renig on their bet at this point because it is not solely Ricdic, but I do not see it affecting the outcome. That is if you have my viewpoint. The idea is to make 1 Billion isk out of 5000 isk. For this to be optimized one would have to be on and trading for 23/24/7 for @30 days. That being considered having another player assist in this is not an issue until the total trading time crosses the 23 hour mark. Considering that Ricdic is not at the computer for significant chunks of time it is only resonable to allow a proxy of equal EVE knowledge to get at least some trading time in for Ricdic. With the new set up, allowing a noob the opportunity to learn only adds another negative variable to Ric's initial gimping of his character (ie. Not a trade toon), no offense intended Takimi. Then again that is my opinion. For the record if I had placed a bet I would not see the changes as that negative and would keep any bet I would have made. This is worthless since I did not bet, just stating what I would do. Keep up the goodwork guys!!! EDIT: Just did the numbers at 130,000,000 for NAV and 30 days in the month and if my concept of NAV (being your current "profit") you have to double your money every six days and that should be doable. ____________________________________________________________________________________________ Slade Trillgon Siorai Iontach Brotherhood of the Spider "As me wallet grows so do me balls"*
Confuzer Polaris Project Curatores Veritatis Alliance	Posted - 2008.01.30 15:02:00 - [257] Isn't the challenge to get 1 bil, including your own real life? Sure everyone can make 1 bil a month playing 24/7. But is it that what you want to proof? If a n00b player signs on, he will also have this things. Sickness, work, etc etc. So he will read this thread and will get dissapointed cus his conclusion will be "this isn't doable for only one person". ----------------- Destiny is not a matter of chance. It is a matter of choice. It's not a thing to be waited for - it is a thing to be achieved.
Kirrean	Posted - 2008.01.30 15:28:00 - [258] Edited by: Kirrean on 30/01/2008 15:28:23 Should have posted as Slade Trillgon look 2 posts Originally by:* Confuzer Isn't the challenge to get 1 bil, including your own real life? Sure everyone can make 1 bil a month playing 24/7. But is it that what you want to proof? If a n00b player signs on, he will also have this things. Sickness, work, etc etc. So he will read this thread and will get dissapointed cus his conclusion will be "this isn't doable for only one person". True. I was just saying, that in the eyes of gambler, if you bet on this there is the potential that the one doing the trading is going to try and maximize their time doing it. If they maximized it to the edges of human capacity considering real life then I would expect around a minimum of say 4 hours a day to reach this goal, but someone could if crazy, put in 20 hours a day. My point was, that if Bouncer is going to miss time trading then a PROXY is more then warented. ____________________________________________________________________________________________ Slade Trillgon Siorai Iontach Brotherhood of the Spider "Never sit with your back towrads the door and always leave yourself an out."
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.01.30 17:42:00 - [259] Edited by: EBANK Ricdic on 30/01/2008 17:42:43 Yeh if anything we are making less money as I have had almost zero participation (short of speaking with Takimi) over the last few days. Anyway our combined reports tonight was a NAV of 115,000,000 I should be able to spend a bit of time tomorrow helping get things on track for the 1b goal. It looks like we will get a decent amount but 1b is looking a bit like a pipe dream atm (almost at halfway mark).
hilaw	Posted - 2008.01.30 18:01:00 - [260] At least I know why my market keeps developing holes. Good luck to you, I guess
Takimi Star	Posted - 2008.01.30 22:12:00 - [261] Originally by: EBANK Ricdic Edited by: EBANK Ricdic on 30/01/2008 17:42:43 Yeh if anything we are making less money as I have had almost zero participation (short of speaking with Takimi) over the last few days. I hate to see the truth in plain sight, but alas I have been having that same feeling lately. Being on the inside of this project, I think it fully encompasses the "can a newbie make 1b in 1 month" question....
Taince Milano	Posted - 2008.01.30 23:09:00 - [262] Takimi, how much time are you spending updating the orders and scoping out new deals each day? I ask to clear up some confusion that seems to have taken hold of a few earlier posters - being that between you and Ricdic, you are able to keep the market covered for an inhuman amount of time every day (which wouldnt be outside intent of this challenge, but push it out of the realms of any singular persons ability to achieve).
Takimi Star	Posted - 2008.01.30 23:29:00 - [263] Originally by: Taince Milano Takimi, how much time are you spending updating the orders and scoping out new deals each day? I ask to clear up some confusion that seems to have taken hold of a few earlier posters - being that between you and Ricdic, you are able to keep the market covered for an inhuman amount of time every day (which wouldnt be outside intent of this challenge, but push it out of the realms of any singular persons ability to achieve). I would say I only have about 4 hours where I am active, although I may be afk for additional hours on top of that... work, wife and kids do that to you
Dzil Caldari Caldari Independent Navy Reserve The Fourth District	Posted - 2008.02.01 15:03:00 - [264] Originally by: hilaw At least I know why my market keeps developing holes. Good luck to you, I guess Darn Market gophers:) Hey Takimi, sorry for my harsh criticisms from earlier, a new guy gets enough bashing around here without me adding to it. Good luck, I don't have any money on the venture but it would be an inspiration to find it's a success!
Izumein	Posted - 2008.02.01 22:38:00 - [265] Edited by: Izumein on 01/02/2008 22:40:31 In on this thread a bit late... Can a newbie have a net worth of 1B after their first month? Absolutely. Can they do it with all the rules and handicaps Ricdic is putting himself under? I guess we'll see. I started out 7ish weeks ago and had somewhere around 800M in assets after my first month. And that was with spending my first week as a fairly clueless true noob. Of course, that it no way compares to this project. I got my first couple of mil mostly through missions and when I did figure out station trading was supplementing that income quite nicely with hauling for profit for a while after so in a lot of ways it was easier to earn money. So someone who got started in trading earlier than I did, got a few hints from someone more experienced early on, and perhaps had more time to devote than the game than I do could very easily break 1B in a month. I'll watch with interest to see how this project goes, and I'm -very- impressed with that first few days work. I would have thought the 5k-10M period would have taken quite a lot of time. And apparently I'm going to have to figure out repocessing because everything I've looked out shows no profit.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.02.02 01:09:00 - [266] Originally by: Izumein Edited by: Izumein on 01/02/2008 22:40:31 In on this thread a bit late... Can a newbie have a net worth of 1B after their first month? Absolutely. Can they do it with all the rules and handicaps Ricdic is putting himself under? I guess we'll see. I started out 7ish weeks ago and had somewhere around 800M in assets after my first month. And that was with spending my first week as a fairly clueless true noob. Of course, that it no way compares to this project. I got my first couple of mil mostly through missions and when I did figure out station trading was supplementing that income quite nicely with hauling for profit for a while after so in a lot of ways it was easier to earn money. So someone who got started in trading earlier than I did, got a few hints from someone more experienced early on, and perhaps had more time to devote than the game than I do could very easily break 1B in a month. I'll watch with interest to see how this project goes, and I'm -very- impressed with that first few days work. I would have thought the 5k-10M period would have taken quite a lot of time. And apparently I'm going to have to figure out repocessing because everything I've looked out shows no profit. it's actually pretty easy to make 1 billion in a month. I started off with 6 million (two seperate donations of 5 mill and 1 mill) and had well over 1 billion after I'd been playing for a month. But a lot of that came from missioning - which is good value for time at a low wealth level. Unfortunately it bottoms out at around 50-100 million per hour no matter how long you've been playing and how well you know the missions. After 1 month I was just about able to fly a Raven. My first lvl 4 mission attempt was when I was under 2 weeks old and in a caracal (took me nearly 2 weeks to get my standings up that high - as I was new and didn't know how to maximise the gain). I got insta-popped by the gun batteries in Slave Traders I. Making a billion from zero in a month would probably need at least 3-4 hours per day spent on it (not full-time hours, but at least preent at the computer). If Ricdic doesn't have that time then he won't make it - beyond a certain point nothing substitutes for online time. What I find amusing about this thread is the "ultimate" in the title. There's nothing particularly ultimate - or exceptional - about the target. Turnng 1 billion into 20 billion in a month would be far more "ultimate" (and I'm sure it's genuine). Trying to do something that's easily achievable - and presumably using artifical restrictions ("only market") to make it seem harder - is hardly "ultimate". Nor is backing out of it due to RL commitments. We all have those - and work around them.
SiJira	Posted - 2008.02.02 15:44:00 - [267] this project is a good idea Trashed sig, Shark was here
Slade Trillgon Siorai Iontach Brotherhood of the Spider	Posted - 2008.02.02 18:14:00 - [268] Why did you even quote Izumein. You said nothing different then what he said. He made close to a billion in a month without 6 million in donations. Read his post again and then read yours and see if there are really any different points made. Other then you made your money from someone elses and he made his from the starting isk. As for the artifical restrictions that Ricdic set forth, they were the point of the experiment. So it is pretty extreme to limit ones ability to make isk and only make it from one source and argably one of the most boring sources in the game. Originally by: FastLearner Nor is backing out of it due to RL commitments. We all have those - and work around them. As for this quote. If you told your boss that you would have a project done by the end of the month and then had jury duty popped on you and you were gone for a whole week, would you expect to get some type of extension for the project or would your boss say tough luck buddy get it done or you are fired? I know that both types of bosses exist so that was a redundant question. But this is a game, and if we do not allow room for adjustments then it deffinately is a job and you should probably find a new game. This is a game and to jump around saying no excuses for RL get over it and you fail because you could not optimize game time around RL is pathetic. Keep up the Good Work Takimi and Ricdic. I have already felt the flow if isk being sucked out of players walletes this weekend. ____________________________________________________________________________________________ Slade Trillgon Siorai Iontach Brotherhood of the Spider "As me wallet grows so do me balls" Meehyn Logistics - EVE's Auction House
Andtha Splits	Posted - 2008.02.05 03:36:00 - [269] Any update or has this fallen over completely?
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.02.05 04:52:00 - [270] Originally by: Andtha Splits Any update or has this fallen over completely? Takimi is mostly doing the work over there now. I haven't barely had time to log into Bouncer Ricdic in the last few days. It's highly unlikely the target will be reached, we are probably looking at a 200-300m end NAV. I just ran out of time to handle this, and I have kinda just thrown Takimi into the deep end then left him to handle it all. I think the project in itself is a pipe dream. It requires far more man hours than we have even combined available. It's pretty safe to say we won't meet our goal unless someone accidentally buys one of our MOA's for 680m instead of 6.8m (wink) (note: don't go doing that, it may not even be ours you buy) Either way regardless of outcome the data will be available to everyone so they can see how we moved up. It isn't about what items you trade, but more about how you can profit off most items on the market. Some will just try to grab the names of all our trades. Those people will fail miserably. You need to watch how the buy/sell patterns work with items etc. With Takimi he understood the model I was using within about 10 minutes of checking it out through the spreadsheet. Anyway will try and get new NAV avail after d.t today.

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