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someone monopolizing all items in gallente space?
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Mobius Snowpaw Infinity
Red Dog Mine
#1 - 2016-11-24 08:15:33 UTC
one of my friends just noticed someone is buying out just about everything in the system and reselling them at astronomical prices .

does CCP have any rules against this.
erg cz
Federal Jegerouns
#2 - 2016-11-24 08:23:21 UTC
Sequester Risalo
German Corps of Engineers 17
Federation of Respect Honor Passion Alliance.
#3 - 2016-11-24 08:30:17 UTC
Mobius Snowpaw Infinity wrote:
one of my friends just noticed someone is buying out just about everything in the system and reselling them at astronomical prices .

does CCP have any rules against this.



There are no rules by ccp against it. The market will sort that out by itself. No single person or entity can monopolize the market for all items in an empire. Only the dumb and lazy will buy for "astronomical prices".
Tipa Riot
Federal Navy Academy
Gallente Federation
#4 - 2016-11-24 10:56:58 UTC
Wait what? In Dodie? Same as above, looks like a good opportunity. Twisted

I'm my own NPC alt.
Kane Adestur
Minmatar Trading Corporation
#5 - 2016-11-24 11:28:32 UTC
That's normal behaviour and happens all the time.

Everything in Eve is about time, distance and laziness. Most people are willing to pay a premium for the convenience of buying items only a few jumps away. Time is money in Eve and it's just not efficient to fly for half an hour to Jita to save a few hundred thousand ISK.

Experienced traders have a feeling about how much premium people are willing to pay before they fly to Jita for themselves. Meaning traders will buy stuff from the market if it's offered too cheap.

But buying stuff above production price is also quite risky, because producers could increase their production and kill the higher prices quickly. Same for inter-regional traders. They can bring huge amounts from Jita with the next freighter and bring the prices down quickly.

Some items can't be produced, only found. I think these items are most vulnerable to price manipulation, because the supply is unlikely to scale up much.
Do Little
Bluenose Trading
#6 - 2016-11-24 13:06:02 UTC
If they are charging "astronomical" prices, you should be able to buy for less at one of the major hubs and undercut them. Their high price will create an"anchor" that make your price look reasonable. Good way to make some ISK - exploit it instead of complaining about it!
Sabriz Adoudel
Move along there is nothing here
#7 - 2016-11-26 05:01:58 UTC
Hi, that might have been me.

I have conducted pump and dump buyouts on a few items in Dodixie in the last couple of months. Tech 2 frigates, decryptors and components for tech 2 ships are the ones that were me.

Still working on sentry drones, though that will take more capital than I have now as I'll be doing it (again) gamewide, not just in Dodixie.

Welcome to EVE. EVE stands for 'Everyone Versus Everyone'. The market is as dominated by PVP as any nullsec war.

I support the New Order and CODE. alliance. www.minerbumping.com
Mobius Snowpaw Infinity
Red Dog Mine
#8 - 2016-11-26 07:21:14 UTC
no this was almost everything in every station across the whole solar sytem in gallente space. but yea good point its gives me the advantage to undermine those exorbitant prices and get the edge on sales .
Sabriz Adoudel
Move along there is nothing here
#9 - 2016-11-26 09:12:00 UTC
Yeah that didn't happen. Not everything, not even nearly close.

You probably screwed with your market display settings and are not seeing orders now...

I support the New Order and CODE. alliance. www.minerbumping.com
Tipa Riot
Federal Navy Academy
Gallente Federation
#10 - 2016-11-26 10:11:01 UTC
Sabriz Adoudel wrote:


Still working on sentry drones, though that will take more capital than I have now as I'll be doing it (again) gamewide, not just in Dodixie.


Thanks for the heads up, would be nice if you could post here once and before you start buying up. Blink

I'm my own NPC alt.
Caleb Ayrania
TarNec
Invisible Exchequer
#11 - 2016-11-26 10:21:09 UTC
Market cornering is a feature.. CCP has no policy since that is working as intended..

In a seriously low barrier of entry economy, its impossible to keep a manipulation running, so its a question of time before someone would kill such an endeavour.
Matthias Ancaladron
Imperial Shipment
Amarr Empire
#12 - 2016-11-26 21:16:56 UTC
FLol ive seen shuttles going for 199m in some places
Sabriz Adoudel
Move along there is nothing here
#13 - 2016-11-26 23:45:29 UTC
Tipa Riot wrote:
Sabriz Adoudel wrote:


Still working on sentry drones, though that will take more capital than I have now as I'll be doing it (again) gamewide, not just in Dodixie.


Thanks for the heads up, would be nice if you could post here once and before you start buying up. Blink


Eh, they are something like 40% below build cost at present (thanks, carrier pilots) so it's a different dynamic.

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