Market Discussions

I'll take the final 1B. Confirm it's still available and I'll send, cheers.

Was rather wondering myself. Consider it confirmed, ISK sent.

Sorry, I would have replied earlier but it's been a busy day. You're not quite right.

Thinking was as follows:

1) The novel thing about this offering is the fact that he offered an excessive return on the collateralized portion, as evidenced by BPS pouncing on it before even verifying the nature of the collateral.

2) People seem to be snapping up the uncollateralized portion more rapidly than usual.

3) If #1 is true and these are smart creditors, then for some reason #1 is likely prompting them to feel safe about this one, but

4) I'm having trouble picturing how that could be the case. One explanation could be that they think it wouldn't occur to a scammer, who likely would be at least marginally experienced with MD, to offer the collateralized portion so cheaply, since that would distract from the usual scam bait (compelling sob story, high supposed interest rate on the uncollateralized portion).

To be clear, I have no opinion on whether this is a scam or not, I hope it isn't, and I'm still a bit sore about how willingly the forum was willing to throw that label around without justification back when I was starting up. I was strictly curious as to why the uncollateralized portion was picked up so rapidly.

Edit: good luck with the completed loan.

We're past the halfway mark so I figured it was time for an update.

Current Status:
I expanded the number of items I am trading with and started placing buy orders for larger quantities, like I mentioned in my opening post. I did underestimate how quickly my buy/sell slots get used up when trading with this many items, especially when I frequently have more than one sell order for an item. Because of this I was not able to expand to a second hub as I originally wanted to, and so I have been training up an alt to use for trading somewhere else.

As expected, I was able to make enough to cover the interest by the end of the first week. I spent much of that first Sunday keeping an eye on my orders and managed to make about 200m on that day alone. It was definitely an outlier though, as I am not willing to spend that much time monitoring my orders every day (that would probably burn me out quickly). I am now averaging anywhere between 60-100m profit per day, with the weekends being the most profitable.

The Future:
I'm enjoying the level of trading I can do with the ISK I have to use now. I would like to extend the bond period by one more month to keep it up. By the end of the second month I should have enough personal wealth to keep trading the way I am now, so the bond will not extend past the second month.

So if you are currently investing with me, you have three options at the end of the first month:
1) Cash out completely, and get your initial investment and interest returned after the first month.
2) Have the interest transfered to you, but have your investment continue for the second month.
3) Have the interest applied to your initial investment, so it accrues interest during the second month.

You can tell me what you want to do here or in a private mail. I will contact anyone who hasn't already told me a few days before the bond period ends.

Additonal Investors Needed:
If anyone decides to end their investment after the first month, I will be looking for others to fill their place. I will also be asking for an additional 2 or 3b to get my alt trader going (uncollateralized, at 13% again).

If you are interested in investing you can reserve your space here or in a private mail.

I'm happy to continue.

I will take option 2

We're a week away from the end of the first bond period. I'm still waiting to hear from I LIKE IT and Joal Takki about what I said in my previous post.

Also I am now looking for people to fill the other 2b.

Sounds good.

This means I am now looking for 2.5b worth of investors. 500m to fill I LIKE IT's place, and the 2b to start trading in a second trade hub.

All right, 500m reserved for you. I will contact you again in a week or so.

Still looking for 2b at 13% monthly.

ill chime in for a bil @ 13%.

mail me when u need the isk sent.