Market Discussions

I had to move out of Jita cause my broker fee went from 0.92% to 2.59%. The 8 to 9 percent margin I was working with in Jita wasn't doing it anymore so I ended up moving to a L4 mission hub and work from there. I got two career agent systems in my circle and doing the buy low sell high in the rookie systems.

According to Eve Trade Master, I have done about 13m profit in the last seven days, for which that is great for me. I am still fairly new and finding my way around deals and trade opprotunities. I had my friend put 200m isk into my corporation for me to do more investments and just testing the waters as of now.

Seems legit...

Jita old values (tax: 0.75%, broker's fee: 0.38%) and new values (tax: 1%, broker's fee 2.29%).
Adaptation? Sorry, i have a dilemma whether to cancel subscriptions. I do not care even a shooting or wars. I am industrialist and trader (may be i has been...)

Being relatively new, I’ve always spent a great deal of time doing arbitration (buying / selling items across region boundaries). After the patch however, I’ve been amping this up even more.

Items between the major trade hubs have been swinging wildly as the market adjusts, which means that it's easy to find opportunities. Yes, you have to haul the items yourself, but you have the chance to make anywhere between 800k and 1 million ISK per jump. That’s almost double what I would make on other hauling runs.

I think PLEX dropped to around 1 Bil mainly due to the skill injectors. Then it dropped to around 900 mil mainliy due to people liquidating for the patch, and there was a PLEX sale.

I doubt it'll go to 1600 any time soon, there's always gonna be a premium that people place on 2 x Skill Injectors for not having to wait.

Injectors are not relevant to the longer term PLEX values.

PLEX are the fundamental currency of EVE. Three years ago, a PLEX was worth a month's game time. Next year, it will be worth a month's game time. PLEX do not change in value.

ISK is a secondary, less important currency - less important because it has less intrinsic value (outside the player economy it only lets you buy skillbooks and blueprints, and usually demand for those is far below the ISK supply). Because 3% of the ISK in the game was just destroyed (~28T of 980T in Citadel BPOs), there is a shortage of ISK right now and so ISK is temporarily trading for more than it is worth, as people overcompensate. ISK has increased in value from 0.8 nanoPLEX, up to 1.1 nanoPLEX, a 40% increase.

This 40% increase is a massive overreaction to the 3% of the ISK in the game being destroyed - an increase that is fundamentally unsustainable. I expect to see ISK fall in value back to near 0.8 nanoPLEX in the short to medium term; and if nullsec gets quiet and ISK gets vomited into the game again from 50-80 thousand ratting hours per day, ISK will become oversupplied again.



Anyways believe what you want. I'm the person that stated publically many times in this forum that come Citadel release day, PLEX would trade for under 1000m ISK - and I said this when many people said 'no, they'll be >1300m by then and keep going up from there'.

Ultimately my usual activities have not been affected, as many others have stated it really makes no difference as demand/supply carries on as normal.

If anything I've seen very slightly reduced profit on average, but because of decreased competition - this is kind of irrelevant as some margins are quite high.

Long-term I see it being more of an opportunity, as CCP wants us to move our operations to player owned structures.

As a vertically integrated manufacturer working in one of the smaller trade hubs, it's been business as usual. A couple of percent one way or the other makes little difference to my business.

It is interesting to consider the overall game context:

Velocity of money has increased substantially - some of this will be the Northern war, some Citadel investment and some skill injectors but money is moving. This is good for the economy.

The new market fees represent a considerable ISK sink. This will increase the relative value of ISK by reducing supply. Reduced ratting in the warzone has also likely contributed to this.

It is likely that a lot of PLEX were cashed in to finance the war and Citadel investments. This will reduce the relative value of PLEX.

Citadels have a substantial bill of material which has put upward pressure on PI and mineral prices. I don't see this accurately reflected in the market yet - I suspect there is a lot of old inventory built before the patch coming to market.

The next few months will be interesting. Will markets start moving to Citadels? I don't know, or particularly care. As long as CCP maintains a level playing field I'll figure out how to prosper within the new set of rules. For me that's part of the fun. Eve is a complex adaptive system and the landscape is dancing!

Crazy time since the patch, I switched from almost only PvP+explorer to an industrialist with manufacturing slots running round the clock (thanks I trained those indu skills 2 years back ...). Before the patch, I collected and sold all the valuable loot scattered around New Eden (150+ jumps in my trusty travel ceptor), also all my spare PLEX hit the market ... cash is king in these times. Will ride the wave as long as it lasts ...

I am in an industrial corp we have miners, ore refiners, people who can manufacture items and haul to stations for profit.


Pre Patch:

Our group was mining belts out, refining the ores and manufacturing ships, ammo, modules, components, etc. We had a POS set up and made a good profit.

I was trading items at Jita, Amarr, Dodixie. I was using 2 accounts and training up 6 alts for production purposes.

I had no problems making a profit off most items, our CEO was making contacts to contract manufacturing services out to in return for protection from wardeccing pirates. We had a decent group of 110+ active players.

Post Patch:

POS was torn down and put in storage, manufacturing activity stopped other than ammo I would say, not sure my slots are not active other than researching BPO's. Most of my corp mates have quit eve because they don't care for PVP they love trading, manufacturing, and in general making items, the new taxes have essentially made high sec manufacturing a loss the margins were so slim before that now they are gone. We are now down to about, 15 players, my play time has dropped significantly.

I love EVE, but in order to make decent ISK I need to either mine and refine for hours ( no thanks ) do Level 4's ( not really my cup of tea ) or skill queue for half a month to do PVP ( I can fit most tier 2 tank modules but can't quite use tier 2 weapons and EWAR yet.)

The fun I had in mining was in massive ops we had, the stories we shared in chat, making money through trade and commerce.

Now? I am nothing but a damn dirty pirate scrounging for isk, while I update my skill queue.

EDIT:

The reason for PLEX to be dipping so much is to the PLEX wall incident, if you have not read up on it I recommend it. IMHO I think the tax increases, and pushing people to move from JITA 4-4 is a huge mistake.