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Author |
Thread Statistics | Show CCP posts - 1 post(s) |
Celeste Taylor
Ruby Dynasty
211
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Posted - 2013.12.24 21:55:00 -
[61] - Quote
Jenny Tailia wrote:So I trade in fashion items across various regions and have buy orders in for certain items, the value of which lies in their general scarcity. My buy orders for two items were set at around 3 million to 6 million each, again across various regions.
Lo and behold I log in this morning to find every buy order has been filled and now I realize every account in Eve now has one of these 'rare' items therefore completely crashing the market!
So thanks to this nice gift you decide to give everybody I'm out of pocket to the tune of 200 million isk and stuck with a load of virtually worthless items, thanks for that one CCP!
I too had a stack of them in inventory, but only ended up losing about as much as you and didn't give this a second thought. I just jumped in and filled most of the buy orders I could find at 1-2m (there were many of these available well after the gifting) that were remaining to reduce my losses. You can even currently buy a bunch of these for under 1m to fulfill the many buy orders in Jita which are around 1.3m if you want to take advantage of the situation. I also made a good amount of ISK from selling my stack of Mysterio White/Black boots that also tripled in value overnight.
This isn't anywhere as big as the huge pile of Executor Red/Golds that dropped from 300m to almost nothing overnight when the Nex store was updated a couple of years ago. Even though many of us lost billions this was easily overshadowed by the Ishikone goof which CCP later fixed. Seriously not a big deal and this is part of the risk and fun of being a trader.
Please don't whine when the sleeves drop to a fraction of their prices since CCP has clearly stated that they will be available to the public again in the future. |
Eurydia Vespasian
Storm Hunters
4575
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Posted - 2013.12.24 23:04:00 -
[62] - Quote
if you are that broken up about it, remember this, we get new capsuleers every day. capsuleers that don't have coats. space is harsh and cold. they should have coats. you could be like the goodwill store of new eden making sure these new citizens have clothes on their backs. the gods smile on a charitable soul. |
dexington
Caldari Provisions Caldari State
909
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Posted - 2013.12.24 23:07:00 -
[63] - Quote
200M... STFU! I'm a relatively respectable citizen. Multiple felon perhaps, but certainly not dangerous. |
Omega Sunset
Caldari Roughnecks
100
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Posted - 2013.12.24 23:11:00 -
[64] - Quote
Jenny Tailia wrote:So I trade in fashion items across various regions and have buy orders in for certain items, the value of which lies in their general scarcity. My buy orders for two items were set at around 3 million to 6 million each, again across various regions.
Lo and behold I log in this morning to find every buy order has been filled and now I realize every account in Eve now has one of these 'rare' items therefore completely crashing the market! If you've got a business, you didn't build that! But thanks for buying my junk =)
I'll say though, that's what happens when you market non-consumables. Been playing mmo's since UO launched (MUD's before then), much crafting and trading, now you've learnt a basic lesson most have learnt over the years, or at least what can happen when you deal with non-consumables. Yes, get rich quick schemes sometimes fail, it's the risk of trading, you can only blame yourself.
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Lipbite
Express Hauler
1591
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Posted - 2013.12.24 23:27:00 -
[65] - Quote
You should be grateful we didn't get free GA 3/4, sleeve tattoos and cybernetic arms - yet. Dear devs like to ruin in-game so-called "free" market.
P.S. 200 millions? I didn't get ~6 billions profit from my investments into PLEX because there were non-stop "real life" plex/gtc sales in Sept-Nov with up to 95% discounts. Lesson: do not invest into government's bonds. |
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ISD Ezwal
ISD Community Communications Liaisons
654
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Posted - 2013.12.24 23:31:00 -
[66] - Quote
I have removed some rule breaking posts and those quoting them. As always I let some edge cases stay. Please people, keep it on topic and above all civil!
The rules: 4. Personal attacks are prohibited.
Commonly known as flaming, personal attacks are posts that are designed to personally berate or insult another forum user. Posts of this nature are not beneficial to the community spirit that CCP promote and as such they will not be tolerated. ISD Ezwal Commander Community Communication Liaisons (CCLs) Interstellar Services Department |
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BLACK-STAR
533
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Posted - 2013.12.24 23:36:00 -
[67] - Quote
Gift = free cause you could rather have nothing.
What do you expect, Bob Barker to spin your luck? |
Ptraci
3 R Corporation Boarderline Cartel
1476
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Posted - 2013.12.25 05:47:00 -
[68] - Quote
Jenny Tailia wrote:
So thanks to this nice gift you decide to give everybody I'm out of pocket to the tune of 200 million isk and stuck with a load of virtually worthless items, thanks for that one CCP!
You seemed to be happy to charge other people a lot of isk for those virtually worthless items a few days ago. Oh wait you want the game to be rigged only in your favor, so you can win every time. Too bad, this isn't the real world, CCP can't be bought, there's no lobby or special interest to make the rules more fair for you and screw the rest.
And at the end of the day, dude, it's just pixels. 200 million is chump change. You are really whining about 200 million? That's not even a day's worth of work nowadays. Learn to play. |
Nevyn Auscent
Broke Sauce
682
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Posted - 2013.12.25 07:10:00 -
[69] - Quote
CCP have always said that they can & will re-release special edition items at their whim and that any market speculation on those items is at the players risk. Even the IWS are special edition, and the fact they gave them out was never an issue, or people would have been hounding the other four/five groups that also have been awarded them. It was the manner in which they were given out without transparency that made it an issue.
The only items they won't release again are items they have specifically stated are limited edition.
So, basically, you gambled & lost. HTFU. |
Cygnet Lythanea
World Welfare Works Association Independent Faction
392
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Posted - 2013.12.28 04:35:00 -
[70] - Quote
Logical 101 wrote:The market for fancy pants has gone all topsy turvey?
Say it ain't so! Because if it is, I think we might be facing a game-breaking situation here.
Dunno about pants, but it threw the T2 markets into chaos in some places. No one knew what T2 items would drop next and it resulted in a panic.
Unless your thread is limited to how 'awesum!' Eve Online is, ISD will lock the thread.-á You will find it is particularly common if CCP might have to make a public response to the thread subject, as opposed to bury it in the GM que for the forseeable future and then prohibit telling anyone what the GM said, if it's ever answered at all. |
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Gogela
Freeport Exploration Loosely Affiliated Pirates Alliance
2995
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Posted - 2013.12.28 06:15:00 -
[71] - Quote
200 mil? I lost 60 billion speculating on something around a year ago. 60 billion in one shot.
200 mil.
Get. Out.
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Herzog Wolfhammer
Sigma Special Tactics Group
4060
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Posted - 2013.12.28 08:21:00 -
[72] - Quote
Why can't I wear the dress? This is not fair CCP. |
Captain Ravanor Eistiras
1st Legion The Dark Angels Relentless Heroes Alliance
0
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Posted - 2013.12.28 11:18:00 -
[73] - Quote
Jenny Tailia wrote:So I trade in fashion items across various regions and have buy orders in for certain items, the value of which lies in their general scarcity. My buy orders for two items were set at around 3 million to 6 million each, again across various regions.
Lo and behold I log in this morning to find every buy order has been filled and now I realize every account in Eve now has one of these 'rare' items therefore completely crashing the market!
So thanks to this nice gift you decide to give everybody I'm out of pocket to the tune of 200 million isk and stuck with a load of virtually worthless items, thanks for that one CCP!
sorry but CCP dint force you to invest poorly over items they gave you for free, you want to complain about free stuff then i suggest you buy Dust514 |
Cavalira
Valar Morghulis. Goonswarm Federation
272
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Posted - 2013.12.28 11:19:00 -
[74] - Quote
RIP 200m isk. |
Jaelkus
Corax. The Big Dirty
2
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Posted - 2013.12.28 12:02:00 -
[75] - Quote
Jenny Tailia wrote:So I trade in fashion items across various regions and have buy orders in for certain items, the value of which lies in their general scarcity. My buy orders for two items were set at around 3 million to 6 million each, again across various regions.
Lo and behold I log in this morning to find every buy order has been filled and now I realize every account in Eve now has one of these 'rare' items therefore completely crashing the market!
So thanks to this nice gift you decide to give everybody I'm out of pocket to the tune of 200 million isk and stuck with a load of virtually worthless items, thanks for that one CCP!
Easy fix to fix your deflation problem, Basically the market is flooded what if you were to say buy up the market? then while having most of them would be crap you could then destroy a bunch of them at a time in say a frig, which would reduce supply. Rinse repeat tada fewer items on market means the ones you dont destroy are rarer with every one blown up and then sell them its a long term plan but it will work :) |
Mayhaw Morgan
State War Academy Caldari State
203
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Posted - 2013.12.28 13:41:00 -
[76] - Quote
Jenny Tailia wrote:. . . I trade in fashion items . . . the value of which lies in their general scarcity . . . I log in this morning to find every buy order has been filled and now I realize every account in Eve now has one of these 'rare' items therefore completely crashing the market!
Sounds like a great time to buy.
Jenny Tailia wrote:[Clothing items] can never be destroyed as such . . . Now there are over 300,000 of these items in game in a market where only around a dozen or so are traded each week.
Basically they are now worthless.
Do you know what's great about worthless things? Of course you don't, so I'll tell you. There is an amazing tendency for worthless things to be cheap.
Do you know what else is great about worthless things? If you lose them, if they are destroyed, if you just throw them in the garbage (Right Click -> Trash Item), it doesn't really hurt you. You could literally trash 100 or 200 thousand "worthless" things and you would be unaffected. I would be careful, though, because as you trash a greater percentage of the total number of "worthless" things in existence, the "worthless" thing becomes more rare, scarcer, and usually more valuable.
So, for instance, if you needed space in your hangar and decided to trash a stack of 250,000 of a certain fashion item that was now "worthless", it wouldn't really hurt you. However, you wouldn't want to trash them all, because, after a certain point, the remaining "worthless" fashion items would be much rarer and more valuable. In fact, you could probably sell the remaining scarce items for more than you bought the entire batch for.
Now, HTFU. |
Inxentas Ultramar
Ultramar Independent Contracting Home Front Coalition
1075
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Posted - 2013.12.29 00:24:00 -
[77] - Quote
Bad case of eggs, basket. Good thing no artillery was involved. Makes a mess of baskets with all your eggs. |
Imadude Orti
Caldari Provisions Caldari State
1
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Posted - 2013.12.29 03:33:00 -
[78] - Quote
Lost that much to a market manipulation. Still have the incredibly overpriced stock. Only took me once to learn that lesson. The question is, how many times will it take you? |
Nexus Day
Lustrevik Trade and Travel Bureau
935
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Posted - 2013.12.29 03:41:00 -
[79] - Quote
Little did I know EvE was fully populated with economists.
May all your governments decide to wantonly print money. Then you can feel the "real" effects of market manipulation by those who should stay out of the market. This thread has so much content it may be 'Thread of the Year' and it is only January.
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ErrorRon
Daktaklakpak. Red Coat Conspiracy
119
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Posted - 2013.12.29 04:25:00 -
[80] - Quote
200 million spacebux. Gone. Just like that. I don't know how you'll ever recover from this. You should petition it. And if that fails, sue CCP. Daktaklakpak. may or may not be recruiting. Join ingame channel 'We're Bad' and find out.
http://www.youtube.com/watch?v=UtItWL6GfSM CCP Gargant - -áDev of my heart. |
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Chopper Rollins
Brutor Tribe Minmatar Republic
428
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Posted - 2013.12.29 05:17:00 -
[81] - Quote
Jenny Tailia wrote:So I trade in fashion items across various regions and have buy orders in for certain items, the value of which lies in their general scarcity. My buy orders for two items were set at around 3 million to 6 million each, again across various regions.
Lo and behold I log in this morning to find every buy order has been filled and now I realize every account in Eve now has one of these 'rare' items therefore completely crashing the market!
So thanks to this nice gift you decide to give everybody I'm out of pocket to the tune of 200 million isk and stuck with a load of virtually worthless items, thanks for that one CCP!
Whoops, thought the thread said you'd lost 200 billion. 200 million, so what?
Goggles. Making me look good. Making you look good. |
Erufen Rito
The Dark Space Initiative Scary Wormhole People
49
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Posted - 2013.12.29 06:11:00 -
[82] - Quote
Ahahaha...200m....AHAHAHAHAHA.... |
Rauour Engil
Rabies Inc.
2
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Posted - 2013.12.29 10:44:00 -
[83] - Quote
Jenny Tailia wrote:So I trade in fashion items across various regions and have buy orders in for certain items, the value of which lies in their general scarcity. My buy orders for two items were set at around 3 million to 6 million each, again across various regions.
Lo and behold I log in this morning to find every buy order has been filled and now I realize every account in Eve now has one of these 'rare' items therefore completely crashing the market!
So thanks to this nice gift you decide to give everybody I'm out of pocket to the tune of 200 million isk and stuck with a load of virtually worthless items, thanks for that one CCP! It's called 'regulatory risk' and can be countered by having a diverse trading portfolio. You had all your eggs in one basket in a market you can't control where this sort of thing has historically happened.... imagine being a collector of rare items and suddenly having several billion of items magically turned into T2 items. Pity though, I like the idea of a fashion retail chain. Pity you can't run beauty treatments/hair cuts and cosmetic surgery and commercialize (in the community) how character re-sculpting works ;)
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