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INflation?

Author
Hal Morsh
Doomheim
#1 - 2016-10-24 21:57:19 UTC  |  Edited by: Hal Morsh
Anyone notice prices going up a bit much? The problem I think is people control the market through immense amounts of isk just throwing buy orders out right below where they want the prices, they get the items they hold the market and what can you do? Oh manufacture and sell some? Not a chance you're going to lower the prices with a small indy corp of yourself and 10 alts, you'll get what the markets are set at and make the manipulators even more money.



Someone's getting greedy is all. Maybe someone pissed at the gambling ban? Or is it the new players who "might" come causing the change?

Oh, I perfectly understand, Hal Morsh — a mission like this requires courage, skill, and heroism… qualities you are clearly lacking. Have you forgotten you're one of the bloody immortals!?

Salah ad-Din al-Jawahiri
Dreamweb Industries
Novus Ordo.
#2 - 2016-10-24 22:33:16 UTC
Most of the goods I deal with are roughly stable in price - some even have lost some value. It would be incorrect to talk about "inflation" all around EVE. Sure, the collective ISK printing machine is going strong, but players also produce more stuff than they're consuming right now. Unless someone causes a major surge in demand by buying out items for a stratop, lots of T1 junk often sells close to the cost of production.

As for the choice few positions that get played by the major traders - welcome to a model of a libertarian economy. No one promised you equality and fair treatment. You're free to accumulate the starting capital and join the fray. There is good ISK on the markets.

Agent of the New Order

Live by the Code - die by the Code.

The Voice of Highsec

Tiberius NoVegas
NovKor Corp.
#3 - 2016-10-24 22:39:46 UTC  |  Edited by: Tiberius NoVegas
Hal Morsh wrote:
Anyone notice prices going up a bit much? The problem I think is people control the market through immense amounts of isk just throwing buy orders out right below where they want the prices, they get the items they hold the market and what can you do? Oh manufacture and sell some? Not a chance you're going to lower the prices with a small indy corp of yourself and 10 alts, you'll get what the markets are set at and make the manipulators even more money.



Someone's getting greedy is all. Maybe someone pissed at the gambling ban? Or is it the new players who "might" come causing the change?


You should read a book on economics to get the full grasp of whats going on in the even market...CCP has 5 economist on the payroll to keep the market in check and even then, thing still get out of hand from time to time.

The big under lining issue with eve economy is hyperinflation because eventually the money get funnelled to the big corporations in null sec and just doesnt go anywhere untill a major even arises. while at the other end of the spectrum, players running missions are essentially generating ISK out of thin air. EVE online does have an inflation issue but its an issue they try to keep under control because there is no real way to prevent it.

As for market manipulation, it happens and is perfectly legel. Best thing you can do is compete on the market to adjest the prices.
Piugattuk
Litla Sundlaugin
#4 - 2016-10-24 23:00:22 UTC
Yes there are forces that are too large and in charge to be competitive in those market hubs and surrounding systems, but although you will not sell as "fast" as in a hub, but there are a number of underdeveloped markets in systems a few jumps out from the hub, you got to make someone want your stuff by a couple of ways;


1. In the region of Jita there are numerous systems that do not have any supplies going into their markets, knowing this the further your out from Jita but still in the region that people can compare prices you mark up a bit, not greedy but a fair price over Jita because many either need the item quickly or cannot go to a hub because of war decs.


2. People feel safer staying out of those regions, same as in RL you don't get folks going from their safe neighborhoods to the ghetto to buy stuff, when you give them an option, save jumps, and lower their risk people are more willing to pay a small premium for the convince.


This is how I make some of my passive ISK.
Hal Morsh
Doomheim
#5 - 2016-10-25 00:01:31 UTC  |  Edited by: Hal Morsh
I build stuff I think people could use and sell it at the nearest tradehub. Hek is the best if you want to throw your cheap crap around because nobody cares enough to actually fight back against your small order and some even run away if you get aggressive enough. That and random sales on **** you got in null somehow. I stay too small to matter and watch for someone attempting to grab a high price with my slightly lower than theirs.

PL for that hauler kill tho, such a dirty trick I should have had no reason to warp at distance but I did, and they had pandemic horde cloaked in everything with prototype cloaks, a newbie cloak mine D:

Oh, I perfectly understand, Hal Morsh — a mission like this requires courage, skill, and heroism… qualities you are clearly lacking. Have you forgotten you're one of the bloody immortals!?

Teckos Pech
Hogyoku
Goonswarm Federation
#6 - 2016-10-25 01:31:13 UTC  |  Edited by: Teckos Pech
Hal Morsh wrote:
Anyone notice prices going up a bit much? The problem I think is people control the market through immense amounts of isk just throwing buy orders out right below where they want the prices, they get the items they hold the market and what can you do? Oh manufacture and sell some? Not a chance you're going to lower the prices with a small indy corp of yourself and 10 alts, you'll get what the markets are set at and make the manipulators even more money.



Someone's getting greedy is all. Maybe someone pissed at the gambling ban? Or is it the new players who "might" come causing the change?



Please explain this process in detail. I don't think you realize that controlling the market does not work quite that way. So lay it out in a step by step process.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online

SurrenderMonkey
State Protectorate
Caldari State
#7 - 2016-10-25 01:52:42 UTC  |  Edited by: SurrenderMonkey
Teckos Pech wrote:
Hal Morsh wrote:
Anyone notice prices going up a bit much? The problem I think is people control the market through immense amounts of isk just throwing buy orders out right below where they want the prices, they get the items they hold the market and what can you do? Oh manufacture and sell some? Not a chance you're going to lower the prices with a small indy corp of yourself and 10 alts, you'll get what the markets are set at and make the manipulators even more money.



Someone's getting greedy is all. Maybe someone pissed at the gambling ban? Or is it the new players who "might" come causing the change?



Please explain this process in detail. I don't think you realize that controlling the market does not work quite that way. So lay it out in a step by step process.



It's a three phase process.

In phase one, a shadowy cabal meets in Mittani's basement. After a requisite period of socialization - mostly consisting of braiding eachother's hair and eating icecream cake - the meeting is called to order.

Phase two is where the strategizing happens. Hand-painted Warhammer figurines are placed (strategically, of course) onto printed Dotlan maps. Someone's long-suffering significant other runs to 7-11 for cigarettes and Mountain Dew. The Evil Overlord guide is consulted to avoid obvious mistakes.

In phase three, the conspiracy is set into motion and the markets are officially under control.

There you have it.

"Help, I'm bored with missions!"

http://swiftandbitter.com/eve/wtd/

Unsuccessful At Everything
The Troll Bridge
#8 - 2016-10-25 02:03:05 UTC
Halford Wintergreen Morsh Jr... are you making a 'Things cost too much' thread?!?!?!!

For shame! SHAAAAAAAAME!




Also, for the life of me i will never understand why you chose the middle name Wintergreen.

Since the cessation of their usefulness is imminent, may I appropriate your belongings?

Valkin Mordirc
#9 - 2016-10-25 07:16:57 UTC
Unsuccessful At Everything wrote:
Halford Wintergreen Morsh Jr... are you making a 'Things cost too much' thread?!?!?!!

For shame! SHAAAAAAAAME!




Also, for the life of me i will never understand why you chose the middle name Wintergreen.



HOLYFUCK YES YOUR BACK
#DeleteTheWeak
Geronimo McVain
The Scope
Gallente Federation
#10 - 2016-10-25 07:27:52 UTC
So what? Buy somewhere else! This isn't new. I wanted to buy guided missle precision and in my region they wanted 2+M ISK for it. normal Price 60k.
So I took a quick search at Eve Central and some jumps. I don't mind if someone makes 20 or even 30% but I will not accept getting robbed.
Algarion Getz
Aideron Corp
#11 - 2016-10-25 09:01:48 UTC  |  Edited by: Algarion Getz
Prices always go up. Battleships cost 80 mil a few years ago. PLEX 400 mil.
It all depends on the number of ISK grinders. On the Chinese server a PLEX cost ~3 billion a while ago (probalby more now).
I wonder how many grinders we get with the F2P expansion. F2P games tend to have a lot of hardcore grinders. I wouldnt be surprised if a PLEX cost 3 billion in 1 year. But CCP would probably intervene if prices skyrocket.
Teckos Pech
Hogyoku
Goonswarm Federation
#12 - 2016-10-25 17:56:22 UTC
Geronimo McVain wrote:
So what? Buy somewhere else! This isn't new. I wanted to buy guided missle precision and in my region they wanted 2+M ISK for it. normal Price 60k.
So I took a quick search at Eve Central and some jumps. I don't mind if someone makes 20 or even 30% but I will not accept getting robbed.


Exactly. There is this thing called competition. There is not much a player (players) in Jita can do to stop me from inventing stuff and then selling it at the prices they have artificially driven up letting me cash in on their hard work.

And if there are multiple players enforcing a cartel agreement is going to be very damned hard when you factor in things like alts. If one party can make additional ISK by cheating on the cartel agreement how do you detect it and more importantly how do you punish the cheater?

These are simpleton conspiracy theories.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online

Teckos Pech
Hogyoku
Goonswarm Federation
#13 - 2016-10-25 18:10:18 UTC
Algarion Getz wrote:
Prices always go up. Battleships cost 80 mil a few years ago. PLEX 400 mil.
It all depends on the number of ISK grinders. On the Chinese server a PLEX cost ~3 billion a while ago (probalby more now).
I wonder how many grinders we get with the F2P expansion. F2P games tend to have a lot of hardcore grinders. I wouldnt be surprised if a PLEX cost 3 billion in 1 year. But CCP would probably intervene if prices skyrocket.


Grinding with an alpha will be extremely inefficient given the skill cap.

The costs of battleships across time are not directly comparable given changes to mining, drone poo, mission loot drops, and so forth.

As for PLEX, think of it this way, how much ISK could a player per day to afford a PLEX? If a PLEX costs 1.2 billion the player has to make 40 million/day. To the extent that there are enough players who can generate that kind of ISK on a daily basis PLEX prices will rise. A counter to that is that some players will see that high price as sufficient to use RL money to buy a PLEX and then sell it in game. That some players might use that ISK to engage in further ISK generating activities it can end up leading to additional demand for PLEX in game.

Also, it is not appropriate to make a comparison to PLEX prices on the Chinese server to those on Tranquility. We do not know if that high price is due to higher demand than on Tranquility or lower supply or even some of both. They are two totally separate markets, so just because the price is 3 billion in Serenity does not mean we that it will have to be that high on Tranquility someday.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online

Pandora Carrollon
Provi Rapid Response
#14 - 2016-10-25 18:53:44 UTC
If you want to print money, find a good spot in each of the regions the tullies and set up a market that sells stuff at a reasonable rate. Lo-Null Sec pilots are always dying to NOT go into HiSec and deal with the drama. Prices in Null are a bit high but that's because you aren't going any place far away for that thing you need right away.

EVE economics are spot on supply vs. demand. There is ALWAYS someone willing to under sell you and controlling the markets is nearly impossible on an EVE wide scale. Yes, factors can 'dominate' a market but it's still supply and demand.

If the War Dec mechanism gets changed, we'll see changes in the major HiSec markets, otherwise, they are basically the same now as well I joined with the exception of being even more of a pain to work with, thus the Citadels have come into their own so I'm not betting on the WD mechanism changing for the markets sake, I think CCP likes the chaos in Jita as it drives people away so the WD corps are doing CCP a favor.

Just my take on things. I have to hunt all over LoSec for stuff these days or make it myself.
Gadget Helmsdottir
Gadget's Workshop
#15 - 2016-10-25 19:08:48 UTC
SurrenderMonkey wrote:



It's a three phase process.

In phase one, a shadowy cabal meets in Mittani's basement. After a requisite period of socialization - mostly consisting of braiding eachother's hair and eating icecream cake - the meeting is called to order.

Phase two is where the strategizing happens. Hand-painted Warhammer figurines are placed (strategically, of course) onto printed Dotlan maps. Someone's long-suffering significant other runs to 7-11 for cigarettes and Mountain Dew. The Evil Overlord guide is consulted to avoid obvious mistakes.

In phase three, the conspiracy is set into motion and the markets are officially under control.

There you have it.



Best use for old Gothic Fleet minnies I've heard in a long while!

--Gadget, Eldar Armada to the core

Work smarter, not harder. --Scrooge McDuck, an eminent old-Earth economist

Given an hour to save New Eden, how would respected scientist, Albertus Eisenstein compose his thoughts? "Fifty-five minutes to define the problem; save the galaxy in five."

Sitting Bull Lakota
Poppins and Company
#16 - 2016-10-26 10:58:17 UTC
Hal Morsh wrote:
Anyone notice prices going up a bit much? The problem I think is people control the market through immense amounts of isk just throwing buy orders out right below where they want the prices, they get the items they hold the market and what can you do? Oh manufacture and sell some? Not a chance you're going to lower the prices with a small indy corp of yourself and 10 alts, you'll get what the markets are set at and make the manipulators even more money.



Someone's getting greedy is all. Maybe someone pissed at the gambling ban? Or is it the new players who "might" come causing the change?
Here's a presentation about EvE's economy from fanfest. I thiught it was pretty neat.
EvE and Economics.
Do Little
Bluenose Trading
#17 - 2016-10-26 11:57:45 UTC
CCP Quant publishes an economic report every month. https://community.eveonline.com/news/dev-blogs/monthly-economic-report-sept-2016/ If you scroll down to the economic indices chart you will see that the CPI (consumer price index) in New Eden has been falling for the past 2 years.

Some prices have experienced spikes - Citadels soaked up all the surplus PI; WWB temporarily cut the supply of moon material. These events are over and prices are returning to normal but we'll see a lot of new structures over the next year so PI in particular will probably remain elevated.

We've also experienced a significant increase in brokerage and transaction fees which has been passed on to consumers. This is 100% CCP - I see nothing that would require a player conspiracy to explain.
Rain6637
GoonWaffe
Goonswarm Federation
#18 - 2016-10-26 12:18:24 UTC
I check eve-central twice a week ish, and the PLEX prices in particular. There was that dip around citadels but now they're climbing through 1.2Bil again. It amuses me because I remember rushing to sell PLEX when it hit 450 mil thinking it wouldn't go higher. My first post on the forums was also a GTC sale http://eve-search.com/thread/1385750-0/page/1#1
Cap ITal
Doomheim
#19 - 2016-10-26 13:58:47 UTC
they have put an inflation safe system in place already.
It's called the palatine keepstar.
When a certain level of isk is reached in-game some one will attempt to build this. And instantly remove a huge % of isk from the universe.

not to mention the line of faction super capitals that are entirely isk sinks both already in game and coming. The new re balance towards promoting super capital conflict via easier construction. And the not so far off alliance built gates that will presumably be fairly expensive.


the problem and thing people forget is Eve is a fake economy that at one end has money out of thin air.
On the other end is the money sinks. We have rapid inflation atm because the rate of isk gain has increased for years. The high end isk sinks have not been added to until now. just a rebalnce nothing to worry about
March rabbit
Aliastra
Gallente Federation
#20 - 2016-10-26 14:46:40 UTC
Cap ITal wrote:
...
It's called the palatine keepstar.
When a certain level of isk is reached in-game some one will attempt to build this. And instantly remove a huge % of isk from the universe.

... only if you need to buy BPC(BPO) from NPC shop. Else the only ISK sink here is market taxes. And it is not really 'huge %'.

Cap ITal wrote:

not to mention the line of faction super capitals that are entirely isk sinks both already in game and coming.

again: these BPCs are cheap and the main part of these ships cost is materials. No 'huge' ISK sink here.

The Mittani: "the inappropriate drunked joke"

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