Market Discussions

Mmmm and the invisible hand doesn't exist either...

The rate of 13,000% was thrown around once a couple of years ago. I'll try to dig up the refrence later when I have time and if someone reminds me.

So if "ISK in GAME" increases by 13000% per year? and no out-of-control-price-risings?

Has been explained by me and others several times. ISK sinks work together with the so called "wallets segregation".

Artificial money velocity obstacles allow for very inefficient wealth transfers on the macro scale.

Some practical examples: ISK is so easily kept "stuck" to the players (always travels with you, can't be destroyed...) while so dangerous to do non NPC activities with.
People love to stack ISK as well, the profile of those people is exactly the profile of those who like and are able to make lots of money. Those who like to spend the most (PvPers) are often barely keeping up with the costs, instead. So those able to inject tons of ISK tend to like to keep it, those who would not want to keep it are not good at making lots of it (I am talking of macro scale, of course you'll know all sorts of exceptions to that).

Other example: many join and many quit. New players start poor, quitters have their savings and those savings get all frozen.

Other example: a trillionaire has issues both at investing (glass ceiling on the revenues) and at finding where to invest.
Besides the obvious scams there are many unfavorable businesses, even on MD. You can find an handful of > 5% revenue bonds etc. and they are unsecured so ISK is at great risk and so the rich keep it.
They will find even large-ish bonds but those are 2% revenue that is below EvE's 2012 average inflation. So in the end even if they venture and invest in a 100B bond at 2%, money is not really going far from their wallets nor increasing a lot at all.

Other example: we purposedly are left with no lasting big ISK turnover organization. We don't have large banks (the largest, EvE Bank iirc had less than 1.5T in assets, some individuals have more) nor hot exchanges (again, Block Ukx exchange is well below 1T and most is immobilized anyway). Those are the macro money velocity drivers, it's not random the fact we can't have them.
Left to players with some understanding of finance, fractional banking and then leverage would be implemented and then the economy would be flooded with ISK. EvE's economy is quite sober, the effects of such a flood would be devastating.

Just to clarify some things. I apologize ahead of time for anyone who thinks I am trying to bring up the inflation/deflation arguement. I also understand that Tritanium as a currency won't work because of the simple fact this is a game and the quantities of Tritanium needed to be used as currency would need Freighter sized cargoholds to be effective. I understand all this.

What I was saying is that the points I mentioned are the real reason for any extreme changes in the market value. Hulkageddon increased the prices of Hulks by causing a extreme demand for it. Anyone who knew what was going on stock piled on hulks and resold them for 100 to 200% profit. Its the best mining ship in the game and was the staple for anyone doing afk mining or mining ops. So it was the increase demand that pushed the value of it higher not because of changes to any of the ships.

The balance changes to the ships also did not cause any rise or fall in the prices for the overall ships, as the prices went up and up as Tritanium and other mineral prices went up. Tritanium was the largest factor in this for the sole purpose that the amount needed for T1 ships was increased, while the flood into the market through reprocessed means from mission loot or drones were squashed. I don't know if anyone noticed but maybe a small few did. After the Hulkageddon event when Hulks went up to around 200m, high sec asteriods were plentiful for a good stretch.

Its just cause and effect. I made a TON of money on Hulks and on hoarding minerals. I wasn't the only one either. A few friends from different corporations and alliances also noticed what was going to happen in the market and did the same thing. Time for food. Hope I made coherent sentences, I was in the hurry to write this while I made food.

ALSO I'VE UNDOCKED FROM JITA BEFORE!!1!!11111!11111 Rawr just didn't go outside the system is all lololol

OP, quit with the mushrooms - one ship didn't change eve's economy.

Two can play that game.

It started with 1 event that followed by a series of other events that took place - A good description of anything :)
Placing the "turn" point at Hulkaggedon is like blaming WW2 on the fact that Hitly didn't pass the art school exam...

EDIT: Why not go back to the emerge of little mittens out of his mother's womb as the reason for hulkaggedon?

I lost you.

So its 13% over a year or 13000% over three years? how is 52 periods of 10 equal 13,000?

I admit i have no talent for number or understending them, i am a lawyer, explain to me like im 4 :)

I'm going to report the OP and like half the people in this thread. They're impersonating (badly, but that doesn't matter) people who know anything about the game's economy.

Yes.


This idea that Hulkageddon was done to cause a permanent rise in the price of hulks, and the idea that it would be able to cause a permanent rise, is laughable.