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Tarock Astak
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Posted - 2008.02.10 13:24:00 -
[1]
Hi,
I am new here so sorry if this has been asked before.
I am wondering how much money you would need to effectively corner the market in any one area? What's your best guestimate in millions/billions/trillions?
This isn't a question of most efficient production but one of most effective manipultion. Oh and no I don't have the isk to do this.
The reason I ask this is a friend in another corp spent 4 billion buying out all the items in one area but almost as soon as they were bought, others took their place. It got me to wondering if people had large stockpiles waiting to go on the market or if there were so many traders now their production vastly outweighed consumption. In which case issues of deflation really come into play.
As I say I am new to this and apologise if any of this has been asked/discussed before.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2008.02.10 13:34:00 -
[2]
It depends on the total volume of the market. If you wanna corner the market of Motherships, you need a HUGE amount of billions.
But it might be easier to corner, say, the nanofiber market.
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Minerva Vulcan
Caldari The Nexus Foundation Endless Horizon
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Posted - 2008.02.10 13:34:00 -
[3]
If it was a busy trade hub or had any serious traders watching said items you betcha new orders will pop up just as soon as they discover a particular item is selling like mad.
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Lil Mule
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Posted - 2008.02.10 17:00:00 -
[4]
Edited by: Lil Mule on 10/02/2008 17:00:55 It also depends on the location of the market, in addition to the items or number of items your looking to corner. In a 0.0 outpost of a large alliance, its probably a little easier, unless you get market busters, which happen frequently too. Market busters (just my little name for them) are alliance members with deep pockets who see it as their responsibility to break any price fixing on the outpost markets and remove any market manipulation to ensure that poorer members can purchase the items they need without being gouged.
If your talking a major trading hub, I would say its impossible to corner the market. Far too many traders, and too many manufacturers. Traders are band wagon sl*ts. Once they smell that an item is being bought up like crazy, they will put their hand in the honey pot. -----------------------------------------------
People enjoy flying Amarr for the same reason they like being tied up in leather, whipped and called names
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Ghreymar LaNayeur
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Posted - 2008.02.10 19:11:00 -
[5]
i think the most important part is how fast it takes for items to get back on the market. some items a manufacturer will see are being vastly overpriced and will nearly instantly put more back up on the market. some items though take a while to make, and i've found that even in jita 90% of the stock on the market was put there on a saturday and thats all thats going to be there for the week. so if you buy it all up and put it up at 200% the price, you can likely sell enough to make a profit, and if you drove the buy orders up enough as well you can dump the rest of your product to those to make up the rest of the money
to figure out how much you need just use a spreadsheet to do a sum of the quantity on the market x the price its all at. usually somewhere between 500 mill and 60 bill
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Daeva Vios
Ares Arms and Modules LLC
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Posted - 2008.02.10 19:22:00 -
[6]
I think it really does depend on what you're trading in. As an example, I took about 200m isk and, for fun, decided to corner the market on some ammunition in my region of space about four months ago, just to see if I could. I had the idea that I would keep doing it until I ran out of isk, something I figured would happen rather quickly since I couldn't manufacture the stuff and therefore couldn't keep up with the manufacturers.
Surprisingly enough, I came out ahead. It wasn't enough to make me want to do it again, but it was fun for a while.
Hope this helps a bit.
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Vanilla Prime
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Posted - 2008.02.10 19:34:00 -
[7]
Nice thing about Jita is that Jita prices are used as a reference all around the galaxy.
So if you can bump Jita prices, prices will follow up in other trade hubs. Jita stocks are not infinite, so if you bump prices on a saturday, you could have one day to resell at inflated prices. But this is depending of the type of item: those who can easily be produced are more difficult to manipulate as producers will increase their production to fill the gap. Best candidates are items with a limited supply.
I discovered 1 billion was enough to bump a type of module but again it depends of volume & price.
Finally I would say it s not price manipulation but selling the item at it s 'real' price. Basically, this kind of action is betting: "such item is not worth xxxx ISK but yyyy ISK" (and yyyy > xxxx)
In worst scenario, you resell at the buy price and lose the broker fees and taxes. So it seems quite safe.
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Lianne Tai
Adam Adamants Emporium Zzz
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Posted - 2008.02.10 19:40:00 -
[8]
Doesnt always take alot of isk to manipulate the market for a specific module. & sometimes your manipulation can get out of your control ______________________________________________ Adam Adamants Emporium Productions Is open for business(tm) |
Danari
Amarr Viper Squad Triumvirate.
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Posted - 2008.02.10 21:27:00 -
[9]
I recently bought out a region of mods for 35mil on a lark. It's currently marked up 600% and nobody has noticed in a couple days. Profit or loss (I have 10% of my isk back), it was worth it for the 6th grade humor factor and generally being a pain in the ass.
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Kylar Renpurs
Dusk Blade
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Posted - 2008.02.10 22:54:00 -
[10]
Quote: I recently bought out a region of mods for 35mil on a lark. It's currently marked up 600% and nobody has noticed in a couple days.
I did that once on an item. The next sell order listed at the original sell price :/
Improve Market Competition! |
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F90OEX
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Posted - 2008.02.11 00:44:00 -
[11]
It can be done, again as mentioned all depends on the area you want to corner. I did it with Navy Ravens (CNRs) One of the most popular Battleships. During the summer I was selling 60-70 Navy Ravens per week easy, some days I'd sell 14 within a 24hr period. No one could come also or match what I was doing.
By the end of the summer I controlled most of that market and kept prices up, came to the point where I could buy other peoples CNRs for market price and sell them for 150mil more. Buy for 600mil sell for 750mil. Just because of my name and word of mouth, and also been a trusted seller.
Within last year and I have not added them all up, but I probably sold more then 800 Navy Ravens at this point. When Tech II BSs came out, I gave it a rest since I'd made over (900bil+)in sales and the Isk I needed for other ventures.
I started like anyone else in this game, so If I can do it anyone else can. I'm not part of any big alliance or corp, I did it all by myself.. 1 man band kinda thing :)
GL
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Astorothe
Aperture Science Industries
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Posted - 2008.02.11 01:15:00 -
[12]
You can definately do it - lots of people are or have at least tried. There's even a couple of IPOs based of this idea too.
Eve Corp Web Design | Eve Online Addicts |
Tarock Astak
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Posted - 2008.02.11 10:12:00 -
[13]
Thank you for all the replies, they make very interesting reading.
In terms of the amount of isk needed to do this, any ideas?
Thanks.
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Astorothe
Aperture Science Industries
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Posted - 2008.02.11 10:30:00 -
[14]
That really depends on the what the item is and which region you're attempting to manipulate.
You could probably mess around with Rigs for around 500m in some regions - if you want to spend a lot less or even a lot more, you can easily choose something else.
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