I want to sell / buy my goods at a certain price.
This price comes and goes over time.
I’m okay with waiting any amount of time, because my goal is that price, not to just sell it.
Learn some patience, kid.
Then you better start using those brains to come up with a way to adapt to the changes instead of just complaining about it.
Good for you. Again you are a gambler, tying up your resources hoping that sometime in the undetermined future your order might be filled, while paying much higher fees to maintain them.
And from the perspective of a gambler I can see how in your fantasy world you might believe the changes are favorable to you.
You contradict yourself :
The main focus of a trader is not to get rid of his stuff through BO like you suggest ,
it is how to optimize his margin
In some case minimize the loss and i hope in most maximize his gain.
So obvioulsy you never really trade in Jita , just getting rid off of your loot/ore or production .
I’m highly skeptical of CCP’s claim that 94% of orders go unmodified. As a station trader I’ve watched the order books for a lot of item markets for several years, and this simply does not pass the smell test.
So let’s dig into what was both said and not said:
Nothing was stated in the announcement of changes to trading rules about whether immediate orders were excluded from the data analysis that was supposedly conducted. This is a critical thing to get out of the way and make clear.
The analysis was done for orders over a 30-day period. This means the analysis was incomplete; I see many orders that do not get modified over such a short period but that do get modified before expiration. Most orders for the majority of items are placed for 90 days since there is no fee discount or other significant advantage for using shorter time periods.
Nothing was stated about whether cancelled or expired orders were included or excluded from the analysis. Including cancelled orders understates the importance of order modification unless they were at least partially executed prior to cancellation. Expired orders should certainly be included whether partially executed or not, but this would require analyzing orders for at least a 90-day period.
Equally weighting orders does not capture the true impact of introducing an expensive order relisting charge for changes. A proper data analysis should at least include a volume-weighted analysis so that the relationship between order changes and market liquidity is better understood. An even deeper analysis would include not just volume-weighting based on initial order size but also volume-weighting for the actual execution of orders, whether complete or incomplete prior to either expiration or cancellation.
If the above different types of volume-weighted analysis were done, my suspicion is that one would discover that order modification actually plays a pretty critical role in liquidity of EVE’s markets. Making order changes expensive therefore should be expected to have an outsized negative impact on liquidity.
Although CCP may have performed a somewhat more extensive data analysis than what has been described so far, I think there is ample reason to believe it was pretty shoddy overall. The fact that they only looked at 30 days worth of orders and order change data is a pretty clear red flag that an at best a half-assed effort was done.
Yep. I think that people will increasingly (even more than now) use something like discord within power blocs and alliances to conduct a lot of trade activity.
And if that is the case CCP ‘reformed’ the market to the point where it isn’t really fit for purpose in game and people work around it out of game. Well played
I want to sell / buy my goods at a certain price.
This price comes and goes over time.
This is one way to trade. It should not be the only way to trade…
There should be a possibility for rapid paced trading using changing market orders in game imo. and the reasons I have seen from CCP do not really make sense in terms of why they want to remove it.
I do not buy the bot narrative. And even if there are bots CCP are saying they are in a small fraction of 1.8% of all orders. This is an entirely unreasonable rationale for the changes they are proposing … even if … IF … the bots are even there and effecting things so badly.
It’s like saying there are bots doing exploration (and I have for sure seen those bots) … therefore we are entirely removing exploration as a career in its current dynamic form and replacing it with a stale static alternative …
To penalise/remove an entire way of playing the game like this is for other reasons in my opinion.
They are not the same and you are going on no evidence for bots in game now and no evidence of bots not being in game post these changes…
One reason I can suppose about this is that CCP actually suspect bots in areas like injectors and PLEX trading both of which relate directly to their income. They therefore want to crush quickly modified market orders to remove this. But I do not really know and can’t get a real feeling on why they want these changes tbh
As I said a little earlier I think people will increasingly just avoid the market if they can … like industrialists who posted before … and solve it using discord other other means.
Bypassing contracts as well.
I did have a gut reaction to the changes in which I wondered why CCP don’t just remove buy orders altogether and let prices be set by ‘the most reasonable and informed’ sell order… but that is just a contract or maybe an auction yes.
Maybe it is good. Maybe market should be for retail (since a majority of players will still use it), and bulk orders can be arranged through other channels to minimize fees.
I’m undecided on whether the changes are good or bad for the game.
The elimination of margin trading and the simultaneous increase in fees, will greatly reduce the market’s capacity to match consumer demand. Traders will be more hesitant to place orders, as they will have to pay the full fee upfront, and face higher taxes (especially if the order is not filled within 90 days). This is a significant increase to the overhead and cost of trade, and the market will contract.
In general, if you are trying to buy or sell something, you will have a much harder time finding a buy or sell order. They simply won’t be there, at least not at the price you want. Even if someone has the items in their hangar, or wants to purchase the items, they will be disinclined to place an order. Vast regions of EVE already have little to no market activity, and the changes will amplify this tendency. Why pay more and take more risk to sell in markets which are already an economic desert? This makes me think the change is bad for the game, as CCP should be working to stimulate rather than stifle trade.
This will ultimately make it more difficult for individuals to obtain or sell items, and prices will naturally adjust to reflect the increased difficulty and risk of a market order. I assume this is CCP’s intent, and I’m inclined to believe this will make the game more difficult and challenging. However, it may also be more frustrating and annoying. So perhaps this is good for the game, or perhaps not. I am undecided.
Of course, competent traders will continue to profit, but the average player is definitely going to be paying more, while casual and inexperienced traders will struggle.
Imagine I want 100 units of Light Neutron Blaster II’s. I have a few choices right now:
Buy at whatever marked-up price is available in the sell orders, losing a few million or more in the deal.
Place a buy order at some arbitrary price and come back in 90 days to see if the order filled.
Place a buy order and nurture it along with a few adjustments until I get what I need.
Do some invention and manufacture the thing from parts off of the market.
Try to assemble all the moon goo and PI from the bottom of the supply chain all the way to the top.
#1 always works but is a waste of money. #2 is hit and miss. #3 is what works best now, but it is soon to be heavily discouraged with crushing fees. #4 doesn’t seem to work because the components cost more than the finished product is worth (YMMV) #5 is nearly impossible unless you are a nullsec coalition.
My impression is that these changes will push me towards #1 - just buying from sell orders. Participating in the market with buy orders would be stupid for me. At the same time, the nullsec coalitions and the vertically integrated operations that do not pay market taxes on their supply chain will take over everything.
I guess I don’t really mind being locked out of industry and the market, just being a peasant consumer of items. But at the same time it feels like this will diminish the Eve experience.