Pi market is dead

[Ramona_McCandless]

I just bought a small bag of Robotics.

Am I winning yet?

[Triniti_Crimson]

I think you need to try to buy the whole robotics market.

[Ramona_McCandless]

But… but thats like at least 25m isk!

[Adrian_Vexier]

Irresponsible industry Tycoon dumps a large amount of Robotics and crashes the market: https://m.youtube.com/watch?v=ye4r_-Wl07A

[Miranda_Farron]

PI still makes me more than it costs me.

I believe this is the definition of profit.

/shrug

[Brewlar_Kuvakei]

You also need to sub more indy accounts because you don’t need to factor monthly plex price in industry if you sub. It is pure profit.

[Brewlar_Kuvakei]

The other issue with pi prices is pi harvesting is industrictuble. CCP should make PI pvp.

I have this great concept I have been working on that would cross platform tie a FPS into eve in some kind of cross platform recsource war.

We are but motes of dust.

[Simple_Pete]

@Alistair_Atreides

I haven’t made Pi in like, a year…but now looking back at it…the entire market is dead, it’s full of stockpiles never selling. Zero profit to be made.

Frankly, if you’re making Pi, you should just stop. You’re just shooting all yourselves in the foot. Correction, you’re shooting yourselves in the private parts.

Make a consortium or cartel or something. You’re now just a bunch of pathetic wankers and look sad.

The market’s in Jita and Amarr were dependent on each other. When Niarja fell and then blinked out of existence, PI prices declined by about 20% in almost every category. Most haven’t bottomed out yet. I have no idea if it will bounce back. I suspect that PI wasn’t the only market item effected.

[Alistair_Atreides]

@Abigail_Rocker_Ronuken

These are the PI that take for 40 fuel block, since the structure update that made them easier to kill, and the ice nerf structures are either being popped or taken down therefore less need for fuel blocks and less need for fuel block equals to less need for PI.

Yeah but the demand at-a-glance doesn’t seem to be the problem. BUT I know I can’t see the markets of the Null blue-anus, so if the demand there is the problem it could be that there’s a shift of trading volume share to Jita.

[Spruillo]

I had one till triglaves shot it.

[Solstice_Projekt]

@Simple_Pete

Most haven’t bottomed out yet.

I have no idea about the PI market.
How can I tell when that bottom is reached?

[Dracvlad]

Poor structure balancing starting to show, please carry on.

[Simple_Pete]

Look for it to level and then slowly rise. Keep in mind, that when it reaches bottom that the bottom may become the new normal. I would look at Mechanical Parts and Robotics. Mechanical Parts first because of its historic price stability and volume. Then Robotics due to its use in over 100+ product lines. They should be early indicators the price has stabalized.

[Mayhaw_Morgan]

CCP ruined ruining CCP by ruining CCP.

[Mayhaw_Morgan]

There is no “bottom”.
If dirt poor Bangladeshis decide to move into EVE and to make a subsistence living, farming robotics and RMTing them for 70¢ a bushel, they’ll still get outproduced by a cult of hackers who have mysteriously chosen to test their efficiency algorithms on this particular process by seeing how far down they can push the price by seeing how far up they can push the production using custom software. Those guys, will, in turn, be outmoded by a CCP employee fat-fingering an entry into the database, thus creating a mega-glut of PI out of thin air, instantaneously. But God will trump them all with a snap of his divine finger and not just create infinite PI, but will modify our timeline in such a way as that it was always possible for a computer to register “infinite” PI, which will drive the value of PI into negative territory.
And not just negative territory. INFINITELY negative territory.

“We have a long way to fall before you realize . . . there is no bottom.”

[Solstice_Projekt]

@Mayhaw_Morgan

If dirt poor Bangladeshis

That’s a copypasta, isn’t it?
No kidding, it really sounds like a modified copypasta.

[Simple_Pete]

@Mayhaw_Morgan

There is no “bottom”.

Perhaps. In Amarr controlled space, PI prices are down anywhere from 10% to 60%.

[Ellison_Onizuka]

I guess the tax rate on pocos and destroying pocos is kind of PvP.

[Teckos_Pech]

@Alistair_Atreides

That’s basically how cartels work. They lower prices to blow away non-conforming producers. Then raise the price when they have most of the pressure in sales.

No. There has to be a barrier to entry or re-entry for this strategy to work. And there is no barrier to re-entry. So you cannot raise the price.

@Alistair_Atreides

Then they balance each other’s sales so the price is rather stable. New producers also benefit but often wont be able to represent enough market share to impact the price.

You need an enforcer. In most RL markets such enforcers and cartels are illegal. And when looking at nation states, you can’t have legal agreements like between people within a given nation state. However, for OPEC the Saudis generally acted as the enforcer by threatening to use their massive reserves to crash the price.

So your ranting about cartels and control is just silly.

[Teckos_Pech]

@Alistair_Atreides

Yeah but the demand at-a-glance doesn’t seem to be the problem. BUT I know I can’t see the markets of the Null blue-anus, so if the demand there is the problem it could be that there’s a shift of trading volume share to Jita.

How do you know? The quantity you see being sold is both demand and supply. That is observing an equilibrium number doesn’t tell you anything about supply or demand. Supply could have surged leading to a lower price, and if demand actually weakens you could see the amount being sold about the same but with lower prices.

Edit:

And for the last 123 days (back to August 1, 2020) the quantity was 252,193. For the 123 days leading up to August 1, 2020 the average quantity was 314,146. So there is a definite drop.