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Trit floor at 5 isk?
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Amarrchecko
Hedion University
Amarr Empire
#1 - 2017-01-14 02:56:07 UTC
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
Bluenose Trading
#2 - 2017-01-14 09:28:04 UTC  |  Edited by: Do Little
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
#3 - 2017-01-14 13:58:05 UTC  |  Edited by: morion
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 taken pleasure in the lower range.

supply/demand equilibrium to be reached ...

New mining mechanic and people try it out. -new stuff gets used " extra "-

Holders / traders got there own agenda going on.
morion
Lighting Build
#4 - 2017-01-14 15:37:03 UTC  |  Edited by: morion
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
Jednota Inc
#5 - 2017-01-14 15:38:01 UTC
morion wrote:



I've also taken pleasure in the lower range.



Pretty much how it works, universally, I think.
Scarlett LaBlanc
University of Caille
Gallente Federation
#6 - 2017-01-14 16:41:30 UTC
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
#7 - 2017-01-14 23:12:42 UTC
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