Market Discussions

Yesterday I got a contract in jita (I know most of them are scams) for 1.8 billion. It had 8 republic fleet navy rear-admiral tags and some other items. But the tags had buy orders of 320 million a piece. So if i acquired 8 tags worth 2.49 billion in active buy orders, maybe some one is lazy or i found a mistake (which I have found in the past) Looks like an easy 700m profit.

Well, i go to sell the tags, everything looks normal, as the order at 320m was for ten of them. It showed up that i was to receive the 2.49 billion, and then poof. The tags disappear, no wallet blink, no record of the transaction at all. Today I log on, fly around lowsec, get back to jita en-route back to null and pow, there are the tags, with a whole new set of active market buy orders. How was it that I appeared to be filling the active buy order and then I sell the tags, they disappear, i get no isk, and the tags appear a day later. The sell order was still at 10 of the tags for 320 when i went to bed last night, that didn't stop existing until this morning.

Is it some kinda of trick with markest escrow and moving isk around after the order is put up?
This happen to anyone else. Is it a huge market loop hole?

This.

The way the margin trading scam works the buy order would have been for 10 tags with a minimum of 10 but not enough escrow to buy all 10 so the order would fail.

They make the money by putting the tags up for sale at inflated prices with no lower prices ones available. you are buying their tags off them for far more than they are actually worth and trying to sell back to the small trader(usually one of their alts) but the order fails as the escrow does not cover the buy order and the character placing the buy order has no isk to cover the difference.

In this scam you would be stuck with 10 tags that you way over paid for. If the tags disappeared out of your inventory and you got no isk for them they may be sitting in the deliveries hanger or might have bugged in which case you need to put in a petition. either way you will be stuck with some worthless items that you paid way way to much for.

Well it seems I'm in the wrong business then.

once you know it , but everything as you did , and relist then higher price , if you do it right someone else will fall for it and youl make even a profit

edit : "new" lol .... each week it pops up as new ...

Once upon a time i had gotten a guristas faction spawn and got a dread guristas warp scrambler, worth about 24 million. Well, one person accidentally made a contract wtb a dread guristas invul field, but linked the warp scrambler instead. So that day, i made a quick 400 mil. Sometimes, you other people or lazy and make mistakes, other times they use a game mechanic to get yah. Now ive seen both

I hear yah.

I really do not understand why CCP has not removed margin trading from the game.

It's intent was so that you could place multiple buy orders in multiple markets while not tying up so much isk in escrow. I doubt it is ever used for this purpose. Generally when a game mechanic is used in a way other than intended for dishonest gain it is considered exploiting a flawed game mechanic and the mechanic is fixed or removed.

I really do not understand why it is still here.

In real life you get thrown in real federal bu** FU** prison for scamming people out of millions. In real life you cant create just delete yourself and pop up in 8 other forms immune to the government. I agree it serves an enormous role in real life economics and wealth creation, but here it just is an exploit.

it does not 'Silently' fail - it will tell you that the requested market order no longer exists - your market information may have been out of date or someone filled the order before you - is the phrasing. Unless you have disabled this warning, it does not silently fail.

bottom line is, I didnt get a message. All i got was POOOOOFFFFF, nothing. no message, no wallet blink, and no tags for about 24 hours. This is a clear gaping huge hole in the financial mechanics of eve. It allows some one to just really screw other people over.

If you have an item, and if there is an open market order for said item, you should always been able to fullfill that market order for said item. In the current system, you can not always perform that simple task, and you should be able to. Its a game mechanic that needs fixing. Perhaps market escrow should be tied to standings as a credit check, and when you fail to meet the escrow when its time to get paid, you lose those standings. This way it takes time to build credit, and your credit means something.