Market Discussions

I'm space middle class - probably worth about 100b total (not counting the value of my characters were I to sell them).

Rich is an EVE player that can decide, on a whim, "I want to buy a Titan and a pilot to sit in it" and can do so without really hurting.

How do you get there? Buy low, sell high, and do so on things that are scalable.

Aalternatively patience, knowledge and effort.

Its much more satisfying.

Proof running a gambling site is the best scam in EVE

You don't even need to lie.

You got scammed every bit as much as the people I used to trick into accepting contracts.

"halp I got my storyline mission item stolen by a ganker, need Elite Drone AI bad, paying 400m - [Want to Buy]: Elite Drone AI" with a contract that's a renamed 'want to sell' contract.

That one probably doesn't work any more, although I guess I could do it with Militants instead. Every mission runner has lots of Militants.

Some RL advice to the player behind the screen - read up on the psychology of gambling if you honestly believe 'I deserve to win soon, it's been ages'. You *need* to take some maths classes IRL to get those misconceptions about probability out of your head - they will cost you a lot of money.

There is no easy way of making a lot of ISK. It takes years of effort, some luck and intelligence to get there.

Some people may claim: hey, I make 1 bil per hour...however they forget to mention their high skilled pilot, investing in Dreadnought and who knows how many other alts to scan the wormhole, for repairs or simply to keep an eye on the entrances. They also forget how much time it took them to actually find a suitable wormhole, but hey, they earn 1 bil per hour...Maybe, after everything else is prepared. Oh, do not forget you need to move stuff to trade hub where you actually make that money.

Trading involves market pvp, so you can lose a lot if you're not careful, or CCP makes a change.
Ganking is not always profitable and it takes a lot of survey and some luck.

Arguably the safest way to make isk right now is by doing incursions, but there is a huge thread on GD forums regarding the matter.

And plenty more activities out there, even scamming takes time to plan and spam.

Know your products know your markets. Many in eve such as winners of the T2 BPO lotteries just ended up with that money in their lap but still don't have a clue how to make isk. The real trick is to take the capital you have and turn it into more capital. 70% of my assets are items that I believe will be worth more in future then their current valuation. Sitting on stale assets is wasted profit potential. I keep enough liquid isk to trade with and that's it. Taking time to understand products in the eve universe is key as then one can have confidence in one's investment. Successful big traders work the same way as successful small traders just with more expensive items.

Liquid ISK can be a productive asset if you have it on the day a balance change is announced.

Fly/JC to Jita, buy 10b worth of something that you have good reason to believe will go up, and you can make enough to merit having had that 10b sitting idle for a while.

What if ISK would not make / brake the day, but a reliable turnover to accomplish your EVE goals?

Sitting on a nice PLEX a month in income, thats enough... isn't it?

My net worth in trade would be about 45 bil, I could double it, but it would double the work.

Lets just be happy.

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To answer your question, how rich are people?

Its better to ask how rich are Corporations, Alliances, Coalitions?

The big (single) players in hubs / markets have not just their own funds, they manage funds of other people.

So, asking traders; what is your NW minus loans? would give a better answer to your question.

For me that would be about 40 bil NW

Which is exactly what I was talking about when I said keeping enough cash to trade. It's no different then when a company like apple uses its PR department to announce the release of a new iphone. Want to have the isk on hand to buy on news(or rumor).

I regard trading capital, production capital and speculation capital as different amounts.

Presently I hold about 30b of each and about 10b of idle capital (fitted combat ships, etc)