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Richest Person

Author
Hemmo Paskiainen
#21 - 2015-05-09 12:06:51 UTC  |  Edited by: Hemmo Paskiainen
Buy low sell high or invest low and cash high.
Always have your expenses covered by your plex outcome: You dont want to bleed out your investment pool.
Copy people: How are they making isk, how much vs which effort?
Learn to think on your own: what why how
Think like a hedgefund: how fast are you getting your profit % back vs the investment that is locked up? Is it worth the % vs time?
Last but most important; park your spacerich assets on a secure, privet, anonymous account
Near friends call me jewish spacerich, i just call myselve extremely burned out and bored: Besides Isk milking, tear collecting drives EVE> do you know what you are going to do when there is no challenge in doing both anymore?

If relativity equals time plus momentum, what equals relativity, if the momentum is minus to the time?

Big Lynx
#22 - 2015-05-10 08:56:26 UTC
Another HowTo Trillionaire:

Get a lot of T2BPOs dirt cheap in early eve days, wait for insanely inflated sell rates, sell em for a super sick price, trillionaire check. Pretend to be a professional trader.
Sabriz Adoudel
Move along there is nothing here
#23 - 2015-05-10 09:29:22 UTC
Hemmo Paskiainen wrote:
Buy low sell high or invest low and cash high.
Always have your expenses covered by your plex outcome: You dont want to bleed out your investment pool.
Copy people: How are they making isk, how much vs which effort?
Learn to think on your own: what why how
Think like a hedgefund: how fast are you getting your profit % back vs the investment that is locked up? Is it worth the % vs time?
Last but most important; park your spacerich assets on a secure, privet, anonymous account
Near friends call me jewish spacerich, i just call myselve extremely burned out and bored: Besides Isk milking, tear collecting drives EVE> do you know what you are going to do when there is no challenge in doing both anymore?


Either set bigger goals that require the use of that ISK, or give it to someone (me) that will.

I support the New Order and CODE. alliance. www.minerbumping.com

Xtreem
Knockaround Guys Inc.
#24 - 2015-05-10 19:15:25 UTC
Big Lynx wrote:
Another HowTo Trillionaire:

Get a lot of T2BPOs dirt cheap in early eve days, wait for insanely inflated sell rates, sell em for a super sick price, trillionaire check. Pretend to be a professional trader.


I am in game chums with 3 people who have over 1T 2 of them indeed got rich this way.

I remember when i was a younger char a T2 cap recharger BPO reached 30bil in price on the forums and being in awe of such isk.. seems almost nothing now. Needs more sinks.
Zahara Cody
Imperial Corrections Service.
#25 - 2015-05-10 21:27:21 UTC
For the birds.

Hating is free, that's why poor people do it the best.

Sabriz Adoudel
Move along there is nothing here
#26 - 2015-05-10 23:59:00 UTC
Xtreem wrote:
Big Lynx wrote:
Another HowTo Trillionaire:

Get a lot of T2BPOs dirt cheap in early eve days, wait for insanely inflated sell rates, sell em for a super sick price, trillionaire check. Pretend to be a professional trader.


I am in game chums with 3 people who have over 1T 2 of them indeed got rich this way.

I remember when i was a younger char a T2 cap recharger BPO reached 30bil in price on the forums and being in awe of such isk.. seems almost nothing now. Needs more sinks.



We did just have a very, very, very large sink added in Crius last year.

It's not ISK that's in excess in the economy, it's products.

I support the New Order and CODE. alliance. www.minerbumping.com

Kisle
Perkone
Caldari State
#27 - 2015-05-11 11:26:02 UTC
PLEX also used to be insanely expensive at 300M :D
Erika Mizune
Lucifer's Hammer
A Band Apart.
#28 - 2015-06-10 11:39:54 UTC
Kisle wrote:
PLEX also used to be insanely expensive at 300M :D


Oh how I wish it was that much again ... That's around the price it was when I joined. I'm hoping plex will go down more by the time I need one (ie: 6 days).

But on topic: I am horrible at keeping liquid isk since whenever I get enough, I tend to buy stuff ... yea, especially those damn bpo's, and the like. I am also a big sucker for collector/vanity items.

So most of my isk is in assets; I follow the market, have toons stationed in various sections, scan - buy low, sell higher. Outside of that, I also have a couple mining alts that I use to pound out minerals to manufacture and also run inventions, ect.

Or course, there is passive income: PI and Moon Mining :)

It's just putting all your skills to use and work hard at it. Not easy, but def worth the effort. Lol

Former DJ & Manager of Eve Radio | Blog | Sounds of New Eden | Twitch | Twitter

Surreal Angeline
Hobbs End Industries
#29 - 2015-06-10 12:56:16 UTC  |  Edited by: Surreal Angeline
the "trick" to get rich via the market and production is in the end just solid planning and a basic understanding of market mechanics

Whilst i have been making some money in the early days of my corp by just producing stuff that "is used a lot", nothing can really replace solid spreadsheets and calculations if you are still on the way to make money for more speculative long-term trading through production and market pvp
There was a time where i almost invested more time in building spreadsheets and updating them, refining their structure and connecting them with each other than playing EVE inside the client - whilst free tools such as fuzzworks are a great resource, they can't really replace sheets that you create with your own needs in mind

to be honest - one issue that i've always had is not really knowing how much money i had at a given time, just due to the fact that some materials were always in production, in contracts or otherwise unavailable - i always expected to make a lot of ISK, which i didn't really do...i never got "rich" or had a lot of ISK to spend on stuff, because if you are doing things "right" (from my point of view), your buisness gets bigger, but you never really get more than a few billion in cash before reinvesting - was quite frustrating at times until i got really used to not caring how much money i had exactly and just relied on my calculations to be correct (back then 3rd party software was not where it is today)
Alex Grison
Grison Universal
#30 - 2015-06-10 17:29:04 UTC
Years of hard work. And a bit of PFM (Pure ******* Magic)

yes

joyous the
Slippery Penguin
#31 - 2015-06-10 20:28:04 UTC
make all the things more expensive
GankYou
9B30FF Labs
#32 - 2015-06-11 06:51:50 UTC
Sabriz Adoudel wrote:
Xtreem wrote:
Big Lynx wrote:
Another HowTo Trillionaire:

Get a lot of T2BPOs dirt cheap in early eve days, wait for insanely inflated sell rates, sell em for a super sick price, trillionaire check. Pretend to be a professional trader.


I am in game chums with 3 people who have over 1T 2 of them indeed got rich this way.

I remember when i was a younger char a T2 cap recharger BPO reached 30bil in price on the forums and being in awe of such isk.. seems almost nothing now. Needs more sinks.



We did just have a very, very, very large sink added in Crius last year.

It's not ISK that's in excess in the economy, it's products.


Eh?

Products & resources get destroyed, so there's more ISK chasing the same assets and inflate everything without due sinks.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#33 - 2015-06-11 07:05:31 UTC  |  Edited by: Bad Bobby
GankYou wrote:
Sabriz Adoudel wrote:
Xtreem wrote:
Big Lynx wrote:
Another HowTo Trillionaire:

Get a lot of T2BPOs dirt cheap in early eve days, wait for insanely inflated sell rates, sell em for a super sick price, trillionaire check. Pretend to be a professional trader.


I am in game chums with 3 people who have over 1T 2 of them indeed got rich this way.

I remember when i was a younger char a T2 cap recharger BPO reached 30bil in price on the forums and being in awe of such isk.. seems almost nothing now. Needs more sinks.



We did just have a very, very, very large sink added in Crius last year.

It's not ISK that's in excess in the economy, it's products.


Eh?

Products & resources get destroyed, so there's more ISK chasing the same assets and inflate everything without due sinks.

More products get created than destroyed. It is essentialy the same faucets/sinks dynamic as the game wide isk pool.

With reprocessing devalued such that turning a useless product back in to raw materials isn't so much of a thing anymore, you're left with mounting piles of products chasing a limited amount of demand.

The Crius ranks change was a massive change and it has increased the productivity of most low end industrialists so that they can now overproduce by an even larger margin than previously.

The Crius industry isk sink was a massive change and while the gamewide isk pool may still be large and growing, it's the balance between that and the gamewide product pool that really matters.
GankYou
9B30FF Labs
#34 - 2015-06-11 07:25:38 UTC  |  Edited by: GankYou
Bad Bobby wrote:

More products get created than destroyed. It is essentialy the same faucets/sinks dynamic as the game wide isk pool.


Destruction, mining, refining, procurement, trading has zero effect on the net total ISK in the system - apart from the broker, sales tax along with station fees, of course.

Quote:
The Crius ranks change was a massive change and it has increased the productivity of most low end industrialists so that they can now overproduce by an even larger margin than previously.

The Crius industry isk sink was a massive change and while the gamewide isk pool may still be large and growing, it's the balance between that and the gamewide product pool that really matters.


The issue brought up was ISK accumulation, not its relationship to products, destruction of which, is not an ISK sink.

Crius, however, did bring a very vital feature - an additional ISK sink in the form of the System Index, which now probably accounts for more ISK drained than all the broker & sales taxes paid, combined.

Without a capital gains tax or an income tax, that is a decent substitute, but then again - most of these people don't produce.

I'd like to thank all the mindless, hot money for my current disposition - a big thank you goes out to the former & current (semi-)ISBotters. Blink
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#35 - 2015-06-11 08:13:43 UTC
GankYou wrote:
Bad Bobby wrote:

More products get created than destroyed. It is essentialy the same faucets/sinks dynamic as the game wide isk pool.

Destruction, mining, refining, procurement, trading has zero effect on the net total ISK in the system - apart from the broker, sales tax along with station fees, of course.
GankYou wrote:
Bad Bobby wrote:
The Crius ranks change was a massive change and it has increased the productivity of most low end industrialists so that they can now overproduce by an even larger margin than previously.

The Crius industry isk sink was a massive change and while the gamewide isk pool may still be large and growing, it's the balance between that and the gamewide product pool that really matters.
The issue brought up was ISK accumulation, not its relationship to products, destruction of which, is not an ISK sink.

I see, so it's ok for you to relate the two in your posts, but not for anyone else? Roll
GankYou
9B30FF Labs
#36 - 2015-06-11 09:42:25 UTC
The point was about Incursion/anom farming and overall ISK printing - these people are unaffected by Crius.

They'll keep on printing more than you drain via the Indices.

They don't do production or research.
Elizabeth Norn
Nornir Research
Nornir Empire
#37 - 2015-06-11 10:15:53 UTC
Assuming they're not also spending their ISK in the LP Store.
Caleb Seremshur
Bloodhorn
Patchwork Freelancers
#38 - 2015-06-11 11:02:45 UTC
Sabriz Adoudel wrote:


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.


Well yes.

Probability even assuming it was some universal law that demands some *player* somewhere be winning and some *player* somewhere be losing certainly doesn't impact on single people. In other words, you could be amongst that small % of people who never win anything ever, were born with 1 leg deformed and are ugly as **** to boot.

The green eyed lady is capricious indeed.
Tiddle Jr
Brutor Tribe
Minmatar Republic
#39 - 2015-06-11 23:14:00 UTC
Go rob an Eve Iron Bank.

"The message is that there are known knowns. There are things we know that we know. There are known unknowns. That is to say there are things that we now know we don't know. But there are also unknown unknowns. There are things we don't know" - CCP

Baldrick UK
Ironforge Commerce Guild
#40 - 2015-06-13 02:24:26 UTC
read around the blogs - there are plenty that are dedicated to making ISK from trading to manufacturing et al.

Personally, i do manufacturing these days though i started off as a trader. Current wealth 198bn - so not that rich, but i can always make 2 bn a month if i only log on at Friday and Saturday for an hour or 10bn if i log on more often.

if you read my blog from the very first post i talk about my experiences and what i did to make my wealth:

http://marketsforisk.blogspot.co.uk/

the blog also has a list of other business related blogs as well as some useful videos on making ISK.
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