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Mernor Akat
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Posted - 2008.05.10 00:32:00 -
[1]
Trit was at 3.30 flat only a few days ago and i was making a killing now its fallen below 3.00 ISK what gives? i thought veldspar was set to be the most profitable for mining and tritanium by extension.
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Draygo Korvan
Merch Industrial
GoonSwarm
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Posted - 2008.05.10 00:57:00 -
[2]
Its called a market fluctuation.
People saw trit at 3.3 and went OH BOY I can get rich mining veldspar.
So you had more people mining veldspar and refining it to trit than before.
The community only uses a certain amount of trit in production. When supply gets high people start undercutting each other to sell, and the price drops.
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kablesky
Caldari
Locus Solus
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Posted - 2008.05.10 01:54:00 -
[3]
 Originally by: Draygo Korvan
Its called a market fluctuation.
People saw trit at 3.3 and went OH BOY I can get rich mining veldspar.
So you had more people mining veldspar and refining it to trit than before.
The community only uses a certain amount of trit in production. When supply gets high people start undercutting each other to sell, and the price drops.
qft, the eve matket alone is unreal to watch, let alone the rest of what the game offers. however it does revolve around basic supply and demand, if the markewt gets flooded the price.. yaydada etc
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Mernor Akat
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Posted - 2008.05.10 02:01:00 -
[4]
yeah thats basically what i thought, i just had to find somewhere to vent my anger
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Tasko Pal
Heron Corporation
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Posted - 2008.05.10 03:34:00 -
[5]
Originally by: Mernor Akat
yeah thats basically what i thought, i just had to find somewhere to vent my anger
What's there to be angry about? You made some good isk, now find another way.
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Kyra Felann
Gallente
Noctis Fleet Technologies
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Posted - 2008.05.10 06:00:00 -
[6]
Originally by: kablesky
qft, the eve matket alone is unreal to watch, let alone the rest of what the game offers. however it does revolve around basic supply and demand, if the markewt gets flooded the price.. yaydada etc
Wow, that's a lot of different spellings of "market" for one post.
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Shidhe
Minmatar
The Babylon5 Consortuim
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Posted - 2008.05.10 10:50:00 -
[7]
The eve economy seems to be in a relative downturn at the moment -
my best guesses at cause are:
1) Problems with T2 market centering on Prom and Dyspro supply
(probably the easiest factor to address)
2) Reduced demand for cap ships due to the new political situation in 0.0
(probably most important factor for the OP, but harder to change unless
empire wars starts killing capitals in big numbers)
3) Not enough freighters and jump freighters getting destroyed!
(suicide ganking FTW  )
4) Insufficient reason for people to go to low sec and 0.0 - resulting in too
few ship destructions. (see (1) for one cause of this, but another perennial problem)
Yes - ships getting killed is good for the economy!
I will look forward to reading the next quarterly economic report.
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kablesky
Caldari
Locus Solus
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Posted - 2008.05.10 11:09:00 -
[8]
Originally by: Kyra Felann
Originally by: kablesky
qft, the eve matket alone is unreal to watch, let alone the rest of what the game offers. however it does revolve around basic supply and demand, if the markewt gets flooded the price.. yaydada etc
Wow, that's a lot of different spellings of "market" for one post.
much ale was drunk 
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Janus Cohen
Fundamental Armorments and Munitions
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Posted - 2008.05.10 16:25:00 -
[9]
I could not be happier. 3.00 isk+ for trit is foolish. The whole reason for its price jump was foolish. And as regards to the post about not enough ships in low sec, I could not agree more. There needs to be more ships in low sec.
Because when it is all said and done, it is about who has the most isk. |
Mernor Akat
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Posted - 2008.05.10 16:53:00 -
[10]
The falling price is making it harder for new miners to get started.
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lorindon
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Posted - 2008.05.10 17:40:00 -
[11]
Of course the price is falling, everyone and their dog is mining the stuff to cash in. 
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Melinda Bettin
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Posted - 2008.05.10 18:17:00 -
[12]
Yes, sell all your trit now. All of it, for a loss even.
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Matthew
Caldari
BloodStar Technologies
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Posted - 2008.05.10 21:13:00 -
[13]
Trit spiked due to a very reactionary response to the removal of shuttles. People believed that shuttles were acting as some great price cap to trit, and that their removal would herald trit going up in price significantly. Of course, these people completely ignored the readily available evidence that, while they may have done so in the past, under the current market conditions shuttles were an insignificant part of the trit supply.
In a self-fulfilling prophecy, market speculation caused the price spike anyway. But as is the nature of all speculation, it cannot maintain an artificial price high forever, and the market is now falling back to a more sustainable price level. Certainly my market appears to be stabilizing almost exactly where it was before the whole thing began.
And yes, for the pedants, the discovery of other NPC-sold items providing a similar price cap for trit will have helped dampen the speculative spike down sooner than might otherwise have been the case. But I maintain that it would have come back down anyway.
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There is no magic Wand of Fixing, and it is not powered by forum whines. |
Artheon
Gallente
Tortuga Holdings
EVOCATI Alliance
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Posted - 2008.05.11 01:47:00 -
[14]
Lorindon is correct I believe. It wasn't that shuttles were continually being reprocessed for minerals - it was that it was possible to do so which meant there was an effective price cap at the value of trit divided by the shuttle cost. The price of trit will likely hover around 3.1 - 3.2 for a few weeks before going up again. I doubt it will rise much higher unless other changes are made but an average of 3.4/3.5 seems reasonable based on the reprocessing of other NPC items.
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