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There's a version of this on EVE where you open up buy orders for something not offered locally for 10x what it's worth. Then you transfer all your money to an

There's a version of this on EVE where you open up buy orders for something not offered locally for 10x what it's worth. Then you transfer all your money to an alt character, so you can't fulfill it, then your alt brings in the item and offers to sell it for 5x.

tamana 11y ago
Is that a bug or a feature, that Eve checks your wealth to open a buy order, but not to keep it open?
- kl4m 11y ago
  The margin trading scam is considered a "feature" by the devs at the moment, and has existed for a long time. http://wiki.eveuniversity.org/Scams_in_EVE_Online#The_Margin_Trading_Scam http://wiki.eveuniversity.org/Scams_in_EVE_Online#The_Margin...
  - chrischen 11y ago
    Makes sense, since this happens in real life and is what caused the housing market to collapse.
bsamuels 11y ago
that's the first I've heard of that scam - fascinating. right now I've got a scammy bit of economic warfare that I wage against aggressive traders that's proven to be profitable and good at getting people off the market: -Locate an item the target is trading in that has a 20-30% buy->sell order spread -Have a large amount of the item that you want to use to disrupt the other trader - preferably you've bought this item via a buy order and liquidating it at 10% under market price still brings in profit -Overcut the target's buy orders by 0.01 ISK. Go back and forth a few times, you're trying to establish a rhythym. -Now start overcutting the target's buy orders by 5% of the buy->sell order spread -The buy->sell order spread should start rapidly closing - it's absolutely stunning how rarely targets notice that their profit margin is shrinking as you overcut each other back and forth. -Once you have the target's buy orders within 5% of the lowest sell order price, unload all of your stored good into his buy order. -- This method produces multiple positive outcomes: -Fast liquidation of an asset, sometimes in many multiples of daily moving volume -Drives drives the price of the item down without having to babysit the orders yourself (the target will do it for you now that he's stuck with all of your item!) -Discourages margin traders from doing business in certain markets
- kqr 11y ago
  I will never stop being impressed when people throw around (relatively) advanced technical terms they've learned... by playing video games, whether it's economy from Eve online or rocket engineering from Kerbal Space Program.

tamana 11y ago

Is that a bug or a feature, that Eve checks your wealth to open a buy order, but not to keep it open?

kl4m 11y ago
The margin trading scam is considered a "feature" by the devs at the moment, and has existed for a long time. http://wiki.eveuniversity.org/Scams_in_EVE_Online#The_Margin_Trading_Scam http://wiki.eveuniversity.org/Scams_in_EVE_Online#The_Margin...
- chrischen 11y ago
  Makes sense, since this happens in real life and is what caused the housing market to collapse.

bsamuels 11y ago

that's the first I've heard of that scam - fascinating. right now I've got a scammy bit of economic warfare that I wage against aggressive traders that's proven to be profitable and good at getting people off the market: -Locate an item the target is trading in that has a 20-30% buy->sell order spread -Have a large amount of the item that you want to use to disrupt the other trader - preferably you've bought this item via a buy order and liquidating it at 10% under market price still brings in profit -Overcut the target's buy orders by 0.01 ISK. Go back and forth a few times, you're trying to establish a rhythym. -Now start overcutting the target's buy orders by 5% of the buy->sell order spread -The buy->sell order spread should start rapidly closing - it's absolutely stunning how rarely targets notice that their profit margin is shrinking as you overcut each other back and forth. -Once you have the target's buy orders within 5% of the lowest sell order price, unload all of your stored good into his buy order. -- This method produces multiple positive outcomes: -Fast liquidation of an asset, sometimes in many multiples of daily moving volume -Drives drives the price of the item down without having to babysit the orders yourself (the target will do it for you now that he's stuck with all of your item!) -Discourages margin traders from doing business in certain markets

kqr 11y ago
I will never stop being impressed when people throw around (relatively) advanced technical terms they've learned... by playing video games, whether it's economy from Eve online or rocket engineering from Kerbal Space Program.