Look up diamonds in the real world mate, exactly the same thing; and the market is actually supposed to reflect rl market. Sure buying something for 100x its worth is stupid… but its not the seller that is stupid; only the buyer.
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Though I’d say it’s situational. But it can happen anytime and there’s no real way to prepare for it other than always trying to be vigilant.
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And what do you doing if i offer you 10B for your 1m Stuff? Do you contact CCP? If not its seems then like RMT.
No id tell CCP a fool and his money…
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No, i accept trade and laugh.
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This is not what the OP was talking about, though.
There are two sell orders:
120.15 x 1000
1201.50 x 1000
And you accidentally enter that you want to buy 1000 stocks at a price of 1201.50?
What happens then?
Because that is what the OP is saying happened, and he doesnt like this aspect of the sell order.
No, not Therefore. The guy probably expected 12 injectors close to the lowest price available, but didnt have his market filters set up properly, so instead, a higher priced injector came up at the top, and he bought it.
He knew what he was going to pay, because the window came up, confirming to him if he wanted to pay this amount. He did, he clicked okay, and the order went through. He paid exactly what he saw, and paid exactly what he confirmed he would pay.
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Dont blame the interface, there is nothing wrong with the interface.
No, any rational market anywhere would treat “Buy me 100 items, I am offering 100 million each. Confirm. Oops i made a mistake, i meant 10 million. What? Youve already bought it? Who told you to buy it? Oh right it was me”, as “Purchase the 100 items from the market for 100 million each”.
No market would say “Oh, you made a mistake and said 100 million instead of 10? Well, thats understandable. Heres your money back, and we will just force the people who sold you the stock to buy back the stock at the same price!”
CCP also made it so that you have to confirm your purchase too. They even warn you if its overpriced with an extra warning window telling you its overpriced.
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Just think!
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Toss in heresy for the trifecta
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This is how I thought the real stock market worked, and for the longest time I thought it was how the EVE market worked. It was not until I got into market mining in a big way that I realized this. It has resulted in me stepping away from the computer a couple of times and then coming back to double check before I submitted an order, just to be that final bit sure that is was correct.
In the real stock market, if you mistakenly input a buy order for 1000 instead of 100 stocks, you will buy 1000. There is no “Woops it was a mistake stock market plz fix”.
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Yes a player mistake exposes a flaw in wich the seller gets more than he asked for
But that is not what is being discussed here. The discussion is on the price side of it.
So in the real market (I called an e-broker to confirm this) the example quoted above is how the tool works. If I want to buy 1,000 shares at 100.00, the system will fill my order from the lowest available shares, up to the number of shares and the cost I put in.
It appears that the EVE market operated in the opposite way, filling from the top (maximum) down.
The question remains, is this by design or is it something we can request work more like “the real markets” as the developer blog mentioned.
I think that opposite way here is different: instead of filling sell orders, EVE fills buy orders.
It’s a market it’s not a company with set prices. So products don’t have a fixed value. So market prices don’t always reflect a realistic value as they’re set by the seller.
Rarity and demand keep prices high, abundance and competition keep prices low. Supply and demand.
I usually if not in a hurry, set buy orders low, but if circumstances change then I’d alter the buy order to complete it. So if I needed 100, 30 were at 9 mill, 10 at 9.5 mill and 60 at 10 mill, then I’d set the buy order to 10 mill per. Because in this example we’re not talking large figures. Those selling at 9 mill, should receive 10 mill per in my example.
That is what should happen.
Just be more careful placing buy orders. Just remember the market isn’t a high street shop.
Because you told the market “I want to buy X item at 10m” and the market is dumb, so it goes “okay, we’ll sell you X item at 10m”.
How about you pay attention next time? Iono, seems pretty simple to me.
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Go to any real life broker and place an order for 100 “Widget Co.” stock shares @ $1,000 per share which is currently trading at $100 per share and you will receive 100 shares for around $10,000 plus the $5 or so broker fee. You pay the $5 broker fee to not get screwed by the market because you typed an extra 0 into your buy order costing you $90,000.
I’d say it was originally by design, the EVE market isn’t governed by rules and regulations like a real modern market would be. I see it more like a black market, as long as those hosting the market get a cut they don’t care what you do.