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[FULL] 1% interest/week | 80% collateralised | Per week payout |
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Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#21 - 2014-07-15 15:57:53 UTC
Archibald Thistlewaite III wrote:
PLEX prices have reached 1 billion isk. Awesome.



Nope, they are 800 million ISK currently. In this case, they are just collaterals.

Offtopic:

I am sure they will reah 2 billion too.

Looking for uncollateralized and collateralized loans.
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#22 - 2014-07-15 16:48:52 UTC
Details:

Investor: Super Nashwan Power

Loan amount: 3.000.000.000 Isk
Contract made: 2014.07.15 16:43
Interest: 1% per week
Collateral amount: 80% (2.400.000.000 ISK)
Collateral format: 3 piece of 30 Day Pilot's License Extension (PLEX)
Payment type: weekly
Next payment: Before 2014.07.22 16:43
Next payment amount: 30.000.000 ISK



First post updated accordingly.


Thanks for the business.

Looking for uncollateralized and collateralized loans.
Elizabeth Norn
Nornir Research
Nornir Empire
#23 - 2014-07-16 00:49:53 UTC
Kuri Kurvora wrote:
Elizabeth Norn wrote:
Why are you only trading with 5b on Eve-Mogul? You implied you were using at least 100b in your last thread.


I was waiting for this question. Answer is simple. I just wanted to proof my profitability. Of course the bigger capital doesn't provide that much profitability in percentage. Also, I didn't say I have just 100B. I said an 50 bill project would raise my working capital by 25-50%.


I said at least 100b, what you said implies you were trading with anything from 100-200b. It seems very strange that you would suddenly stop trading with 95-97.5% of your ISK for a few days, when trading with your full capital would prove your profitability just as well. It's not like Eve-Mogul even shows how much ISK you have in orders.

Free 3rd party services

Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#24 - 2014-07-16 07:38:30 UTC
Elizabeth Norn wrote:
Kuri Kurvora wrote:
Elizabeth Norn wrote:
Why are you only trading with 5b on Eve-Mogul? You implied you were using at least 100b in your last thread.


I was waiting for this question. Answer is simple. I just wanted to proof my profitability. Of course the bigger capital doesn't provide that much profitability in percentage. Also, I didn't say I have just 100B. I said an 50 bill project would raise my working capital by 25-50%.


I said at least 100b, what you said implies you were trading with anything from 100-200b. It seems very strange that you would suddenly stop trading with 95-97.5% of your ISK for a few days, when trading with your full capital would prove your profitability just as well. It's not like Eve-Mogul even shows how much ISK you have in orders.



Who said I stoped trading with my alts?

Looking for uncollateralized and collateralized loans.
Elizabeth Norn
Nornir Research
Nornir Empire
#25 - 2014-07-16 10:26:12 UTC
Ria Nieyli
Nieyli Enterprises
When Fleets Collide
#26 - 2014-07-16 10:30:24 UTC
Elizabeth Norn wrote:
Kuri Kurvora wrote:
Elizabeth Norn wrote:
Why are you only trading with 5b on Eve-Mogul? You implied you were using at least 100b in your last thread.


I was waiting for this question. Answer is simple. I just wanted to proof my profitability. Of course the bigger capital doesn't provide that much profitability in percentage. Also, I didn't say I have just 100B. I said an 50 bill project would raise my working capital by 25-50%.


I said at least 100b, what you said implies you were trading with anything from 100-200b. It seems very strange that you would suddenly stop trading with 95-97.5% of your ISK for a few days, when trading with your full capital would prove your profitability just as well. It's not like Eve-Mogul even shows how much ISK you have in orders.


In this post that got deleted, he couldn't figure out why people plex their accounts instead of paying for their subs with isk. The whole thing just seems a bit sideways, considering he claims to have hundreds of billions.
Setsune Rin
Ministry of War
Amarr Empire
#27 - 2014-07-16 14:22:26 UTC  |  Edited by: Setsune Rin
Kuri Kurvora wrote:
Elizabeth Norn wrote:
Kuri Kurvora wrote:
Elizabeth Norn wrote:
Why are you only trading with 5b on Eve-Mogul? You implied you were using at least 100b in your last thread.


I was waiting for this question. Answer is simple. I just wanted to proof my profitability. Of course the bigger capital doesn't provide that much profitability in percentage. Also, I didn't say I have just 100B. I said an 50 bill project would raise my working capital by 25-50%.


I said at least 100b, what you said implies you were trading with anything from 100-200b. It seems very strange that you would suddenly stop trading with 95-97.5% of your ISK for a few days, when trading with your full capital would prove your profitability just as well. It's not like Eve-Mogul even shows how much ISK you have in orders.



Who said I stoped trading with my alts?


then what is this supposed to prove exactly? that you can trade with a tiny sum?

you're still not backup up your claims of handling 100b
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#28 - 2014-07-16 15:25:07 UTC
Quote:
In this post that got deleted, he couldn't figure out why people plex their accounts instead of paying for their subs with isk. The whole thing just seems a bit sideways, considering he claims to have hundreds of billions.



Let me quote what I wrote and please read it carefuly.

Quote:
Cidanel Afuran wrote:
I am asking this honestly as someone still pretty new to the game. I am just under 3m skillpoints, have moved to null and finally see how much ISK I can make per hour. That being said, I am not sure why anyone would ever grind for ISK to buy plex in game. The math doesn't add up to me. I consider 'grinding' anything I don't enjoy actively doing. Ratting/mining/etc. is a grind, but so is working landscaping IRL on a saturday.

If I grind in game, I can earn a plex in about 10 hours of work (around 70 mil ISK/hour).

If I take a job doing landscaping for a neighbor, I can earn a plex in about two hours work ($10/hour).

Why would I ever grind in game if I can earn my monthly plex in a fraction of the time outside the game? It isn't like anyone actually enjoys hours of grinding out the ISK needed to pay for it, do they?


Kuri Kurvora:
Your question was asked by a lot of people before and your conclusion is so true. Why do they do this? I don't really know ... stupidity?


I just replied to a post where Cidanel Afuran asked why they farm like hell for hours to buy their plex with isk, instead of working 1 or 2 hours at a job to get it. (Speaking about boring, not-so-fun isk grinding). I answered that I totally agree with him, I don't know either why people do this. I didn't speak about plexing account instead of isk payment, but the isk making way to buy a plex which isn't exactly logical.

Quote:
then what is this supposed to prove exactly? that you can trade with a tiny sum?

you're still not backup up your claims of handling 100b


It is to prove I can make reasonable profits.

Please let me ask you a question.

Will it prove something if the deals with the investors (this four billion isk) will be successful?

Looking for uncollateralized and collateralized loans.
Ria Nieyli
Nieyli Enterprises
When Fleets Collide
#29 - 2014-07-16 16:01:30 UTC  |  Edited by: Ria Nieyli
Kuri Kurvora wrote:
I just replied to a post where Cidanel Afuran asked why they farm like hell for hours to buy their plex with isk, instead of working 1 or 2 hours at a job to get it. (Speaking about boring, not-so-fun isk grinding). I answered that I totally agree with him, I don't know either why people do this. I didn't speak about plexing account instead of isk payment, but the isk making way to buy a plex which isn't exactly logical.


Why do you bother trading then? Just buy plex and seed the market to solve all your isk needs. I mean, you already bought 4 to offer as collater at 80%, mind you...

Kuri Kurvora wrote:
It is to prove I can make reasonable profits.

Please let me ask you a question.

Will it prove something if the deals with the investors (this four billion isk) will be successful?


I lol'd. The rep grind, it never ends...
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#30 - 2014-07-16 17:24:55 UTC
Quote:
Why do you bother trading then? Just buy plex and seed the market to solve all your isk needs. I mean, you already bought 4 to offer as collater at 80%, mind you...



"...Speaking about boring, not-so-fun isk grinding..." - To make profits is fun for me.

... and I bought the plexes with Isk.




Looking for uncollateralized and collateralized loans.
RAW23
#31 - 2014-07-16 18:56:23 UTC
Kuri Kurvora wrote:
Quote:
Why do you bother trading then? Just buy plex and seed the market to solve all your isk needs. I mean, you already bought 4 to offer as collater at 80%, mind you...



"...Speaking about boring, not-so-fun isk grinding..." - To make profits is fun for me.

... and I bought the plexes with Isk.






You bought the plexes with isk? Were the purchases for speculation? If not, why did you borrow 4bil when you could just have used the isk you spent on the collateral?

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#32 - 2014-07-16 20:13:40 UTC  |  Edited by: Kuri Kurvora
RAW23 wrote:
Kuri Kurvora wrote:
Quote:
Why do you bother trading then? Just buy plex and seed the market to solve all your isk needs. I mean, you already bought 4 to offer as collater at 80%, mind you...



"...Speaking about boring, not-so-fun isk grinding..." - To make profits is fun for me.

... and I bought the plexes with Isk.






You bought the plexes with isk? Were the purchases for speculation? If not, why did you borrow 4bil when you could just have used the isk you spent on the collateral?



1. Yes. Long ago.

2. Kind of, but I carefully evaluated the risk. If the price of the PLEX rising, then that money worked for me, if falling, then worked against me, still they will be transited back for exactly 1 billion isk per plex no matter what.

3. Now, 3,2 billion isk works and making profit by the PLEX price, and 4 billion isk works for me also in trade.

Looking for uncollateralized and collateralized loans.
Ria Nieyli
Nieyli Enterprises
When Fleets Collide
#33 - 2014-07-16 21:31:03 UTC
Kuri Kurvora wrote:
1. Yes. Long ago.

2. Kind of, but I carefully evaluated the risk. If the price of the PLEX rising, then that money worked for me, if falling, then worked against me, still they will be transited back for exactly 1 billion isk per plex no matter what.

3. Now, 3,2 billion isk works and making profit by the PLEX price, and 4 billion isk works for me also in trade.


So wait, you're valuating this venture at 7.2 billion isk?
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#34 - 2014-07-16 21:49:40 UTC
Ria Nieyli wrote:
Kuri Kurvora wrote:
1. Yes. Long ago.

2. Kind of, but I carefully evaluated the risk. If the price of the PLEX rising, then that money worked for me, if falling, then worked against me, still they will be transited back for exactly 1 billion isk per plex no matter what.

3. Now, 3,2 billion isk works and making profit by the PLEX price, and 4 billion isk works for me also in trade.


So wait, you're valuating this venture at 7.2 billion isk?




In my perspective, yes, it is, for the investor it's just a 4 billion investment with 80% collateral.

Looking for uncollateralized and collateralized loans.
Elizabeth Norn
Nornir Research
Nornir Empire
#35 - 2014-07-17 01:50:24 UTC
Ria Nieyli wrote:
Kuri Kurvora wrote:
1. Yes. Long ago.

2. Kind of, but I carefully evaluated the risk. If the price of the PLEX rising, then that money worked for me, if falling, then worked against me, still they will be transited back for exactly 1 billion isk per plex no matter what.

3. Now, 3,2 billion isk works and making profit by the PLEX price, and 4 billion isk works for me also in trade.


So wait, you're valuating this venture at 7.2 billion isk?


That's kind of an odd way to put it, but something that appreciates like PLEX is great as collateral, you end up double dipping with an investment in something long term and actively trading with the same amount of ISK.

Free 3rd party services

Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#36 - 2014-07-17 07:29:24 UTC
Elizabeth Norn wrote:

That's kind of an odd way to put it, but something that appreciates like PLEX is great as collateral, you end up double dipping with an investment in something long term and actively trading with the same amount of ISK.



There is a risk involved by the way, but yes, you are right.

Looking for uncollateralized and collateralized loans.
Ria Nieyli
Nieyli Enterprises
When Fleets Collide
#37 - 2014-07-17 09:26:25 UTC
Elizabeth Norn wrote:
Ria Nieyli wrote:
Kuri Kurvora wrote:
1. Yes. Long ago.

2. Kind of, but I carefully evaluated the risk. If the price of the PLEX rising, then that money worked for me, if falling, then worked against me, still they will be transited back for exactly 1 billion isk per plex no matter what.

3. Now, 3,2 billion isk works and making profit by the PLEX price, and 4 billion isk works for me also in trade.


So wait, you're valuating this venture at 7.2 billion isk?


That's kind of an odd way to put it, but something that appreciates like PLEX is great as collateral, you end up double dipping with an investment in something long term and actively trading with the same amount of ISK.


It's what he said. Even agreed to it in the post above yours. Thing is, the plex he offered up as a collateral are appreciating exactly nothing for him at the moment, since he'll have to dump 4.08b on the investors if he wants them back at the end of the minimum two-week period outlined in his initial post.
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#38 - 2014-07-17 16:54:07 UTC
Ria Nieyli wrote:
It's what he said. Even agreed to it in the post above yours. Thing is, the plex he offered up as a collateral are appreciating exactly nothing for him at the moment, since he'll have to dump 4.08b on the investors if he wants them back at the end of the minimum two-week period outlined in his initial post.


If they aren't "appreciating exactly nothing for" me at the moment, how would you explain a case where I bought four PLEX for 3.200.000.000 ISK, made them as a collateral, after deal has been successful, I liquidate them for example 3.300.000.000 ISK?

(And it has nothing to do anything with their four billion isk investment and the interest on it, as that's covered with the profit from the work of the money.)

Anyway, my main purpose wasn't to make even more profit with the deal, just picked an item which would over 80% of a investment of full billion. Also mentioned in one of my posts, that I will to give any type of item of their choose, and they agreed to get PLEX as collateral.

Also, every type of collateral can make profits, not just PLEX (positive and negative of course).

Looking for uncollateralized and collateralized loans.
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#39 - 2014-07-21 10:28:55 UTC
Due to tomorrow's extended downtime, interest has been paid today.

Details:

Investor: CupCake Kittie

Loan amount: 1.000.000.000 Isk
Contract made: 2014.07.15 14:42
Interest: 1% per week
Collateral amount: 80% (800.000.000 ISK)
Collateral format: 1 piece of 30 Day Pilot's License Extension (PLEX)
Payment type: weekly
Interest sent: 2014.07.21. 10:23
Interest amount sent: 10.000.000 ISK
Next payment: Before 2014.07.29 14:42 (Original contract made time calculated)
Next payment amount: 10.000.000 ISK
Deal ends: 2014.08.12 14:42
Deal duration: 4 weeks (3 weeks left)

Investor: Super Nashwan Power

Loan amount: 3.000.000.000 Isk
Contract made: 2014.07.15 16:43
Interest: 1% per week
Collateral amount: 80% (2.400.000.000 ISK)
Collateral format: 3 piece of 30 Day Pilot's License Extension (PLEX)
Payment type: weekly
Interest sent: 2014.07.21. 10:27
Interest amount sent: 30.000.000 ISK
Next payment: Before 2014.07.29 16:43 (Original contract made time calculated)
Next payment amount: 30.000.000 ISK
Deal ends: 2014.07.29 16:43
Deal duration: 2 weeks (1 week left)

Thank you for the business.

Looking for uncollateralized and collateralized loans.
Elizabeth Norn
Nornir Research
Nornir Empire
#40 - 2014-07-21 10:40:03 UTC
Ria Nieyli wrote:
Elizabeth Norn wrote:
Ria Nieyli wrote:
Kuri Kurvora wrote:
1. Yes. Long ago.

2. Kind of, but I carefully evaluated the risk. If the price of the PLEX rising, then that money worked for me, if falling, then worked against me, still they will be transited back for exactly 1 billion isk per plex no matter what.

3. Now, 3,2 billion isk works and making profit by the PLEX price, and 4 billion isk works for me also in trade.


So wait, you're valuating this venture at 7.2 billion isk?


That's kind of an odd way to put it, but something that appreciates like PLEX is great as collateral, you end up double dipping with an investment in something long term and actively trading with the same amount of ISK.


It's what he said. Even agreed to it in the post above yours. Thing is, the plex he offered up as a collateral are appreciating exactly nothing for him at the moment, since he'll have to dump 4.08b on the investors if he wants them back at the end of the minimum two-week period outlined in his initial post.


PLEX is appreciating nothing at the moment? That's news to me. This is basically a 200m per slot uncollateralized loan anyway.

Free 3rd party services

Buddy link w/ bonus 250k SP, you keep the whole PLEX upon subscribing