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Why are Eve traders so obsessed with making ISK?...
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Trader Kiai
Doomheim
#21 - 2012-04-29 16:28:53 UTC
Cool eve is a Trade simulation game haha

Here's how I think of my money -- as soldiers -- I send them out to war everyday. I want them to take prisoners and come home, so there's more of them." - Kevin O'Leary/Shark Tank (TV series)
Darth Snuggles
Doomheim
#22 - 2012-04-29 18:13:40 UTC
Kaivar Lancer wrote:
... when you can put the same effort into studying RL markets and make real life dollars?

Is making monopoly money that important to you?


Taking risk in ISK = zero risk IRL

Taking risk in actual markets = risk IRL

It is not that hard to comprehend.
Riley Moore
Sentinum Research
#23 - 2012-04-29 18:15:21 UTC

I need a large quantity of isk directly proportional the the size of my penis. Thus I need a lot of isk.

Large volumes of highly researched Ammo, drones, charges and ship bpo's. Biggest BPO store in EVE! https://forums.eveonline.com/default.aspx?g=posts&m=445524#post445524
Bifordus Maximus
MissoCorp
#24 - 2012-04-29 19:17:41 UTC
I'm pretty sure im off topic, but its because of the the way eve market works that I learned how to make things work in my favor when selling things on ebay and amazon. And some of the things I learned while working with ebay and amazon have helped me on eve.
Agamenox
Yanomami's Space Pilots
#25 - 2012-04-30 06:55:48 UTC
Because they are not Filantropist
cuoredipietra famedoro
Deep Core Mining Inc.
Caldari State
#26 - 2012-04-30 10:45:52 UTC
It is not the possession of ISK that drives me, rather the satisfaction of discovering new ways of doing something and doing it good.

If you look it this way, making ISK is just part of a process and a measure of your progression.

I wonder how many MD fellows share the same feeling.

Caeci caecos ducentes 
Vaerah Vahrokha
Vahrokh Consulting
#27 - 2012-04-30 11:10:59 UTC
Johnny Frecko wrote:
VV the funny thing is that if you take the average ratio of return(in %), all those huge hedge funds and trust funds and insurance companies havn't made any profit, well, not anything higher than the actual market changes.

In the long run(10-15 years), even those who are paid to predict, with the a sea of people and comuters, fail to provide a real expectency for profit, and provide only market profit.


They are not meant to beat the market to begin with.
Sure, the small fries are sold the "good investment" thing but in reality these funds and insurances are only to park money in a somewhat better way than leaving them rot in a bank.
Most people are TOTALLY risk averse, they would never accept a fund stating they have 40% chance to lose money instead of gaining it.
Hedge funds (they are closed funds) are where to look for more profits, but in those there's also real risk.

Some hedge funds try and sell some exotic ways (see the past massive failures).

Others work, but you won't have access to them.

EvE Online portal | EvE markets tutorials
Caleb Ayrania
TarNec
Invisible Exchequer
#28 - 2012-04-30 12:00:11 UTC
We are not obsessed.. The isk must flow. The sleepers have awakened.. Now get back to buying my stuff.
Pinstar Colton
Sweet Asteroid Acres
#29 - 2012-04-30 12:18:29 UTC
As a RL father of a 22 month old and 1 month old child, my EVE play time is very frequently interrupted. This means engaging in Nullsec fleet battles, lowsec small gang PVP or even high sec Security missions or incursions is iffy due to the possibility of needing to go AFK at a moment's notice.

What does that leave? Mining and trading. And since it's Hulkageddon season, Mining is temporarily off the table.

That being said, I'm having a blast in EVE. My college degree is in business management. My job, despite the fact that it is in a white collar business, requires painfully low amounts of thought. EVE keeps my mind sharp. Not to mention trading lets me play for free. After only buying 3 months of play time, I have enough for about 2 1/2 PLEXes and still have a month of my original purchase to go. My income at this point is such that I'll be able to play for free going forward.

In the cat-and-mouse game that is low sec, there is no shame in learning to be a better mouse.

Darth Tickles
Doomheim
#30 - 2012-04-30 12:53:00 UTC
Pinstar Colton wrote:
This means engaging in Nullsec fleet battles, lowsec small gang PVP or even high sec Security missions or incursions is iffy due to the possibility of needing to go AFK at a moment's notice.


That's a big part of it for me. Eve right now is something I play for 5-10 minutes 4-5 times a day when I'm ready to just claw my eyes out from working all day. I really love this game for that flexibility. If I didn't play Eve, I doubt I'd play anything.
Barakach
Caldari Provisions
Caldari State
#31 - 2012-04-30 13:52:46 UTC
cuoredipietra famedoro wrote:
It is not the possession of ISK that drives me, rather the satisfaction of discovering new ways of doing something and doing it good.

If you look it this way, making ISK is just part of a process and a measure of your progression.

I wonder how many MD fellows share the same feeling.



I share this exactly. I've been playing video games for the past 18+ years now. I've done my fair share of PvP back in Quake/Counter-Strike/etc. The Eve market is something new an exciting to me. Every week I learn something new that makes me think differently about my world.
Rhivre
TarNec
Invisible Exchequer
#32 - 2012-04-30 23:22:20 UTC
I am meh about isk....I just enjoy chatting while flipping stuff on the market.

Whether it is for 100 isk, or 100m isk makes little difference, as long as my wallet moves in the up direction every day it doesnt matter.

I think most people in eve are interested in making isk, otherwise you would not see "WTF, my income from (insert activity) just got cut"

Why dont I do other more profitable stuff? Because I find it boring. I would not do missions or incursions even if the income was 10bn an hour.

I do not do pvp because I am not able to anymore, I have never got into mining or industry properly, but the one thing I really love doing in eve is providing items on the market, and moving the prices so that manufacturers can sell to buy orders without them being ripped off too much.


I probably have less isk across my traders than most mission runners have after 6 months, but then, wtf would I spend it on?

Fluffy Bunny Pic!

Lithalnas
Dirt 'n' Glitter
Local Is Primary
#33 - 2012-04-30 23:56:21 UTC
As a counterpoint to those saying eve is not like real life, I actually find it is from a manufacturing and supply chain point of view. For instance: I build fuel blocks in jita. I need to determine build order size as well as what combination of 4 types of blocks I need. In real life this is BUS 280 Supply Chain management.

Basically I am taking raw materials, which i have acquired in the quantities I need in accordance with LEAN production standard, only a day or two before I actually need them. I then produce them with my magical factory minions who have 0 standard deviation in production time and then sell those blocks. If I did my forecasting right I should sell the blocks in the planned 2 day period. If I do it right a blocks time in the system is about 5 days. If I do it wrong it could be as much as having inventory or cash for 5 days after the blocks go on the market. That means a block is in the system for 6 - 8 days which is a loss of 20 - 60% in possible profits.

GO LEAN

https://www.facebook.com/RipSeanVileRatSmith shoot at blue for Vile Rat http://community.eveonline.com/devblog.asp?a=blog&nbid=73406
Diomedes Calypso
Aetolian Armada
#34 - 2012-05-01 00:34:13 UTC
Why do people keep score in any games ?

Many ISK accumulators set other goals for themselves beyond the total value (i.e rate of return, month over month personal bests, isk per hour earned trading )

Still, while not the only goal, we all like seeing a "score" in many games.. cards or pinball or whatever.

.
Realityfirst
Mini-Industries
#35 - 2012-05-01 02:59:13 UTC
I trade in EVE because I like trading but Im not sure, enough, of my self to spend RL money on RL trading Roll
Vaerah Vahrokha
Vahrokh Consulting
#36 - 2012-05-01 05:35:49 UTC
Realityfirst wrote:
I trade in EVE because I like trading but Im not sure, enough, of my self to spend RL money on RL trading Roll


You took the right decision, the majority of traders consistently lose. Risking game money is way less stressful losing game money is less depressing than in RL.

Moreover, most EvE traders are 0.01 ISK traders or regional arbitrators. Both of the corresponding RL trading strategies (scalping and arbitraging) have been heavily neutered by high frequency trading super computers.
You'd be in a world of hurt trying that in RL.

EvE Online portal | EvE markets tutorials
Tri Yson
Eve Engineering Finance
#37 - 2012-05-01 22:24:17 UTC
Because eve markets are interestingly complex for a video game, but a far cry from open markets in the real world.
Tri Yson
Eve Engineering Finance
#38 - 2012-05-01 22:30:43 UTC
Realityfirst wrote:
I trade in EVE because I like trading but Im not sure, enough, of my self to spend RL money on RL trading Roll

Paper trade then. Go hit up one of the forex bucketshops, and download MT4 and have a play. No dough, no risk.
Dream Five
Renegade Pleasure Androids
#39 - 2012-05-02 09:18:46 UTC  |  Edited by: Dream Five
.
Dream Five
Renegade Pleasure Androids
#40 - 2012-05-02 09:22:08 UTC  |  Edited by: Dream Five
Tri Yson wrote:
Realityfirst wrote:
I trade in EVE because I like trading but Im not sure, enough, of my self to spend RL money on RL trading Roll

Paper trade then. Go hit up one of the forex bucketshops, and download MT4 and have a play. No dough, no risk.


You'll never know if they are feeding you a bogus feed that gives you a wrong impression that you can make money. I compared multiple feeds from multiple FOREX brokers and the spreads were all over the place.
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