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Thanks Yule Lads - You've lost me around 200 Million ISK . . . . . .

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Jenny Tailia
MoonGoo4U
#1 - 2013-12-24 13:02:24 UTC
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!
ElQuirko
University of Caille
Gallente Federation
#2 - 2013-12-24 13:04:23 UTC
What's the usual rule about the market again..?

Oh, that's right. "Prices can go down as well as up". Bad luck on your poor investment and inattention to the advent calendar - a good tycoon woulda spotted that and offloaded as fast as possible.

Dodixie > Hek
Amhra Rho
Accujac Elimination
#3 - 2013-12-24 13:06:56 UTC
The claim that CCP is dominating the market with Christmas gifts is vastly overblown. Supply and demand is a very simple rule. Today, there's an oversupply. In three weeks, there will be an overabundance of demand.

Sell your stuff in three weeks.

There's real reasons why your Eve character doesn't do /dance.
Vembuvend
State War Academy
Caldari State
#4 - 2013-12-24 13:07:29 UTC
Items that participate on the market should NEVER be just given away.

Didn't they learn anything with Ishukone Scorpion incident?
Ishtanchuk Fazmarai
#5 - 2013-12-24 13:07:44 UTC
None of those items was rare nor expensive, as is shown by the fact that you lost a mere 200 million, which is less than what costs your blouse.

Roses are red / Violets are blue / I am an Alpha / And so it's you
Jenny Tailia
MoonGoo4U
#6 - 2013-12-24 13:09:43 UTC
ElQuirko wrote:
What's the usual rule about the market again..?

Oh, that's right. "Prices can go down as well as up". Bad luck on your poor investment and inattention to the advent calendar - a good tycoon woulda spotted that and offloaded as fast as possible.


Yeah sorry for having a real life and not being able to be logged in 24/7.

If they had announced what people would be getting beforehand at least I could have taken down all my buy orders so I didn't get lumbered with all this now overpriced crap. Seriously CCP if you gonna give out unique new things like Fedo etc all well and good but it would be nice to get warnings on things that can crash the market.
ElQuirko
University of Caille
Gallente Federation
#7 - 2013-12-24 13:09:52 UTC  |  Edited by: ElQuirko
Vembuvend wrote:
Items that participate on the market should NEVER be just given away.

Didn't they learn anything with Ishukone Scorpion incident?

No, because that was a totally different lesson.

Junk =/= Rare super-valuable collector's item

Jenny Tailia wrote:
Yeah sorry for having a real life and not being able to be logged in 24/7.

Pshh, don't lie to us, you're on the forums therefore you don't have a real life. Blink

Jenny Tailia wrote:
If they had announced what people would be getting beforehand at least I could have taken down all my buy orders so I didn't get lumbered with all this now overpriced crap. Seriously CCP if you gonna give out unique new things like Fedo etc all well and good but it would be nice to get warnings on things that can crash the market.

It's hardly a "crash". You had a niche, your niche is now filled. Dry your eyes and move on - maybe you can come back later.

Dodixie > Hek
Ramona McCandless
Silent Vale
LinkNet
#8 - 2013-12-24 13:11:12 UTC  |  Edited by: Ramona McCandless
Rich fashionista loses play money


Id be crying if I wasn't laughing so hard.

"Yea, some dude came in and was normal for first couple months, so I gave him director." - Sean Dunaway

"A singular character could be hired to penetrate another corps space... using gorilla like tactics..." - Chane Morgann
Jenny Tailia
MoonGoo4U
#9 - 2013-12-24 13:13:52 UTC
Amhra Rho wrote:
The claim that CCP is dominating the market with Christmas gifts is vastly overblown. Supply and demand is a very simple rule. Today, there's an oversupply. In three weeks, there will be an overabundance of demand.

Sell your stuff in three weeks.


Doesn't work like that with clothing items. They can never be destroyed as such. You buy one, wear it as long as you want then when you desire a change you can just repackage and re-sell it. 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.
Ramona McCandless
Silent Vale
LinkNet
#10 - 2013-12-24 13:16:49 UTC
Jenny Tailia wrote:


Basically they are now worthless.


As you clearly dont know how to control market forces, how the heck do you claim to have traded in these?

You really cant see how to jack the price back up?


REALLY?!

"Yea, some dude came in and was normal for first couple months, so I gave him director." - Sean Dunaway

"A singular character could be hired to penetrate another corps space... using gorilla like tactics..." - Chane Morgann
Pipa Porto
#11 - 2013-12-24 13:18:07 UTC
Jenny Tailia wrote:
If they had announced what people would be getting beforehand


They wouldn't be very good at giving christmas presents, now would they?

EvE: Everyone vs Everyone

-RubyPorto
Dranchela
Center for Advanced Studies
Gallente Federation
#12 - 2013-12-24 13:19:03 UTC
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!


Your wallet will survive. Please stop crying and learn to adapt.
Amhra Rho
Accujac Elimination
#13 - 2013-12-24 13:20:19 UTC
Jenny Tailia wrote:
Amhra Rho wrote:
The claim that CCP is dominating the market with Christmas gifts is vastly overblown. Supply and demand is a very simple rule. Today, there's an oversupply. In three weeks, there will be an overabundance of demand.

Sell your stuff in three weeks.


Doesn't work like that with clothing items. They can never be destroyed as such. You buy one, wear it as long as you want then when you desire a change you can just repackage and re-sell it. 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.

A surprising percentage of over 300,000 players now have an interest in fashion items who never did before, because they never owned a fashion item. You can fulfill that demand, or let your competitors do it.

There's real reasons why your Eve character doesn't do /dance.
Inzax
#14 - 2013-12-24 13:28:46 UTC
what!? A government handout has crippled the market driving down prices?

Meh....tell you what. You can have my clothes in exchange for the Leopard.
ElQuirko
University of Caille
Gallente Federation
#15 - 2013-12-24 13:32:41 UTC
Inzax wrote:
what!? A government handout has crippled the market driving down prices?

nah

Dodixie > Hek
Magna Mortem
The Scope
Gallente Federation
#16 - 2013-12-24 13:32:59 UTC
You set up buyorders and they got filled. Sounds like you got what you wanted.
Vembuvend
State War Academy
Caldari State
#17 - 2013-12-24 13:38:56 UTC
ElQuirko wrote:
Vembuvend wrote:
Items that participate on the market should NEVER be just given away.

Didn't they learn anything with Ishukone Scorpion incident?

No, because that was a totally different lesson.

Junk =/= Rare super-valuable collector's item

Sure, the stuff is not nearly as expensive as the Ishukone Scorpions were but they were injected to the market similarly(give away).

The problem here is the sheer volume of those low-cost items.
Lors Dornick
Kallisti Industries
#18 - 2013-12-24 13:40:03 UTC
Jenny Tailia wrote:
I trade in fashion items

Ok.
Jenny Tailia wrote:
I'm out of pocket to the tune of 200 million isk and stuck with a load of virtually worthless items

Yes, you've already stated that.

Seriously, like all other builders and traders you took a calculated risk and invested a portion of cash in a product that you hoped would bring a profit.

This time it didn't work out.

Be happy it wasn't any serious money invested.

CCP Greyscale: As to starbases, we agree it's pretty terrible, but we don't want to delay the entire release just for this one factor.
Ramona McCandless
Silent Vale
LinkNet
#19 - 2013-12-24 13:40:52 UTC
Vembuvend wrote:

Sure, the stuff is not nearly as expensive as the Ishukone Scorpions were but they were injected to the market similarly(give away).

The problem here is the sheer volume of those low-cost items.


Its true, they cornered my market in IWSes

These are as equally indestructible as jackets and skirts

"Yea, some dude came in and was normal for first couple months, so I gave him director." - Sean Dunaway

"A singular character could be hired to penetrate another corps space... using gorilla like tactics..." - Chane Morgann
Rakshasa Taisab
Sane Industries Inc.
#20 - 2013-12-24 13:41:19 UTC
Ramona McCandless wrote:
Rich fashionista loses play money


Id be crying if I wasn't laughing so hard.

You mean POOR fashonistas... The rich ones wear what I wear.

Nyan
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