gave up trying to get a good price for LTD...

Kahaela

K
I spent about an hour trying to get a decent price for the load of LTD I had, I had 167 tons, half from before the patch today and the other half from after, so I screwed up and went to the last place I sold which had lept its price for a while, without checking and the price was 186k... so I look again and that's when I notice that the prices have seriously taken a nosedive. so I find the best place and go there... price was half what EDDB said, so I look again, thinking that I had just chosen a place with a short time to change prices and I chose again and again the price was much lower than EDDB said so I said screw it and tried again tried 4 times and each time I looked at EDDB and the price at the station was half or less than what they said until I tried a place with 941k and the price was 557k and I said screw it and sold them, hated to do it, but I was tired of jumping 120ly+ only to have the price change between the time I looked and the time I got there, no matter where I went.

And then I mined for several hours and only found 3 subsurface LTD nodes the whole time I was mining (Yeah several hours and only got 167 tons) went through a total of 512 limpets in that run...
 

MarkyH

M
Kahaela said:
I spent about an hour trying to get a decent price for the load of LTD I had, I had 167 tons, half from before the patch today and the other half from after, so I screwed up and went to the last place I sold which had lept its price for a while, without checking and the price was 186k... so I look again and that's when I notice that the prices have seriously taken a nosedive. so I find the best place and go there... price was half what EDDB said, so I look again, thinking that I had just chosen a place with a short time to change prices and I chose again and again the price was much lower than EDDB said so I said screw it and tried again tried 4 times and each time I looked at EDDB and the price at the station was half or less than what they said until I tried a place with 941k and the price was 557k and I said screw it and sold them, hated to do it, but I was tired of jumping 120ly+ only to have the price change between the time I looked and the time I got there, no matter where I went.

And then I mined for several hours and only found 3 subsurface LTD nodes the whole time I was mining (Yeah several hours and only got 167 tons) went through a total of 512 limpets in that run...
Click to expand...

Dynamic pricing, isnt it wonderful. How it should be, Lots of greedy piggies all trying to eat the same pie at the same time. the pie doesn't last long, those late, get the crumbs.

I have said elsewhere tonight, Welcome to ED 2017, have fun, try different things.
 
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Kahaela

K
Thing is after the first I didn't go for the highest price I went for less, but that still happened, and no need to talk like that, it's a game and it is supposed to be fun, and I was doing nothing wrong. What the hell am i supposed to do go for the lowest price? come on man you know better than that.
 

MarkyH

M
Kahaela said:
Thing is after the first I didn't go for the highest price I went for less, but that still happened, and no need to talk like that, it's a game and it is supposed to be fun, and I was doing nothing wrong. What the hell am i supposed to do go for the lowest price? come on man you know better than that.
Click to expand...

Well, if you mine always basing your sell price on the lowest you can get, every sale will have an upside, as you will get more. Ta da. Problem solved.
 

CMDR PlatypusBiscuit

CMDR PlatypusBiscuit
Kahaela said:
Thing is after the first I didn't go for the highest price I went for less, but that still happened, and no need to talk like that, it's a game and it is supposed to be fun, and I was doing nothing wrong. What the hell am i supposed to do go for the lowest price? come on man you know better than that.
Click to expand...
Ignore the troll, your points are extremely valid. The worst part is this change wasn't even announced until what, 12 hours before the patch? And that's only if you happened to read the patch notes on Frontier's website - the trading change still isn't mentioned on Steam.
 

StarLord55

S
CMDR PlatypusBiscuit said:
Ignore the troll, your points are extremely valid. The worst part is this change wasn't even announced until what, 12 hours before the patch? And that's only if you happened to read the patch notes on Frontier's website - the trading change still isn't mentioned on Steam.
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I 100% agree. $186K is abysmal considering that traditionally you could find a sale for $1M at a minimum. Clearly they implimented this last minute fix to cover for the failure of the previous patch, having run the dinner bell on the egg.

I have over 10,000T LTDs, most of which were mined/bought honestly. I used the egg for about 1,500T towards the end. Didn't even save me much time since SSD mining done efficiently yields very similar results.

This did need to happen eventually, and Im glad it did. But last minute after having incetivised heavy mining for so long??? For all we know, this last minute change is what messed up Tritium.

I will be waiting until prices stabilize before selling.
 

StarLord55

S
XloubellXX said:
In conclusion, you knew it would happen, you agree it should have happened and you’re hapy it has happened.
Another satisfied customer.

That’ll be £10 please.

[uses desk intercom]

Send the next one in would you please Bridget.
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Lol, no not quite. Yes, it should have happened, but not so abruptly.

This has significant consequences for those trading LTDs with their FC. Initially, we could only buy LTDs for a maximum of about $0.6M per 1T LTD. FDev since adjusted the galactic average so that they could be bought at much higher prices, making FCs more competative with NPC station prices. So in my case, I put in a buy order at $1.5M per 1T LTD and bought thousands thinking I could make a profit margin of about $0.3M per LTD. FDev suddenly changes this and bankrupts many fleet carriers, as many had the same strategy.

This is not ethical at all. If this was strictly BGS, then fine, I lose. But these were a conscious series of decisions made by FDev that have serious impacted the bottom line of many who invested in a FC. This should have been done longggggg ago, before FCs were even implemented. Seriously though, the many entrepreneurs out there just got punched in the face. Like, Mike Tyson punch.
J3DI said:
Before complaining about the pricing of ltd's, take a minute to remember that you got the ltd's for free.
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Not free (mostly), as mentioned above.
 

[PS4] Lorenzo Waringos

[PS4] Lorenzo Waringos
StarLord55 said:
Lol, no not quite. Yes, it should have happened, but not so abruptly.
Click to expand...

I disagree. Anyone who wanted to cash in on it, could have or should have. It's over. When you read about people who have a 5bn FC stocked to the gills with LTD's, you just wonder what they're saving up for. You had a good run, made a tidy sum. It's over.

You may well have a a thousand of them, you can still sell them, just for less. You might make a loss. That is the way markets work. One day your stock is up, the next day it has crashed.
 

StarLord55

S
XloubellXX said:
I disagree. Anyone who wanted to cash in on it, could have or should have. It's over. When you read about people who have a 5bn FC stocked to the gills with LTD's, you just wonder what they're saving up for. You had a good run, made a tidy sum. It's over.

You may well have a a thousand of them, you can still sell them, just for less. You might make a loss. That is the way markets work. One day your stock is up, the next day it has crashed.
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I could have cashed in when the market was at $1.3M, but then I would have taken a $0.2M loss. Why would anyone ever do that?? I did sell off LTDs when the market was as high as $1.6M or $1.7M, but then the market shifts back. This is the market cycle, and it was working as intended. Like I said, if it was strictly BGS, fine I lose.

But it wasn't BGS, it was FDev. They baited Commanders into buying LTDs higher, then undercut the market significantly last minute.
 

[PS4] Lorenzo Waringos

[PS4] Lorenzo Waringos
StarLord55 said:
They baited Commanders into buying LTDs higher, then undercut the market significantly last minute.
Click to expand...

For a year remember, for a year LTD's have been unrealistically available at unrealistically high prices. I suspect they did this to give the community some chance to get stacks of cash in preparation for the release of Fleet Carriers so that many CMDRS could afford one the day of release. They allowed that market to carry on for a short while then turned off the tap. In that time, many purchased their FC's and have made their money back on that purchase, even made a profit.

Let me ask you, are you in such a poor financial position that with the loss you're going to make you might have to sell your FC? Or do you have quite a healthy bank balance? From the day before FC release to today, are you in worse or better financial shape?
 

Lobey

Lobey
I was still getting 1 -1.3 mill selling LTD's to carriers last night - so some folk are still stockpiling in the hope prices will go up ( I strongly suspect they will ) - doesn't need to be by much either if your shifting a lot.
Stations are still in the 800-900 k a ton range - especially ouposts.
If I had a carrier though I'd be sucking up Tritium at every oportunity and taking it out to Colonia and selling it at a good markup - as ever - money makes money.
I'm off to log in and do a few more quick core "runs" and don't expect to have any difficulty at all in finding or selling LTD, Alexanderite or Grandiderite cores at a good profit - mining is still relatively easy and very profitable and will only improve again once they iron out the couple of bugs they introduced when trying to fix the egg\fighter thing.
 

rghawk

rghawk
Anyway, what about stranded carriers in deep space since tritium hotspot are useless and since they want to make a real economy in a game that doesnt have enough amount of players you dont have a way to supply enough for those carriers. The trade is completely worthless and it is waste of time to mine the fuel. All sandbox game that trying to make a complete real market has failed so far because people do not live in ED 24/7 neither on the other games and some group use to exploit big time that flaw. The market and economy should be balance with a behavior algorithm that reads the amount of real player working through the market to generate a fair amount of npc to balance a little bit the lack of. They would need to hire a real economist, a good mathematician, and both of them had to have experience coding virtual markets. It is like some other game that didnt bother with physics of ship collisions so they make the ships to bump. At least ED took the time with that area. Anyway, it is a great space sim game, I think the best out there even though it need some work in some areas. Be safe everyone, best regards,

RG

PS; as it is ED now, the only winning move is not to play *wargames_joshua :)
 
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StarLord55

S
XloubellXX said:
Let me ask you, are you in such a poor financial position that with the loss you're going to make you might have to sell your FC? Or do you have quite a healthy bank balance?
Click to expand...
To your point my balance is healthy enough, but I will definitely be taking a heavy loss if prices don't bounce back eventually. I've made my point, and I still think this was not handled properly. This should have been changed prior to FCs or prior to adjusting the galactic average of LTDs. I built my business model based on a market structure that was altered over night. It was not the Invisible Hand's doing.

Lobey said:
I was still getting 1 -1.3 mill selling LTD's to carriers last night - so some folk are still stockpiling in the hope prices will go up ( I strongly suspect they will ) - doesn't need to be by much either if your shifting a lot.
Stations are still in the 800-900 k a ton range - especially ouposts.
Click to expand...

I suspect they will increase too, but not for a while since players will be offloading LTDs for a long time.
 

StarLord55

S
Whatever man. The same thing would have happened if I were trading other commodities like VO, not that anyone is mining anything other than LTDs or VOs. So why would I build a business model around commodities that no one is trading???

In Elite Dangerous we are supposed supposed to "carve our own path". This was me doing that with what little time I have after work.
 

Lobey

Lobey
Well, thats me back 52 mins later - Tolan 4 went to an area of the ring with no Hotspots - landed right on top of a Grandiderite core roid, then got an Alexanderite 2 mins later and about 10 mins later finished up with an LTD - main problem was getting rid of limpets fast enough to fill my hold.
Sold at Roentegen gateway in Clayakarma - best Grandiderite and Alexanderite prices - needing a bio break myself so took the 705,424 for the LTD's though i could get up to 1.2 if I wanted to traipse about.
So top tip - avoid Hotspots and rake in the cores - less competition I suspect from other players. Might drop the laser altogether for now as that's still sparse and I can stick something else offensive in it's place to quicker melt npc pirates (always worth doing it's like Dav's Hope without the driving about).
EDIT - Just did the maths that made me 25,885,372 credits - so not bad and I got to blow things up and drink tea - you could obviously min\max the crap out of that - I prefer to enjoy myself.
 
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Lobey

Lobey
rghawk said:
Anyway, what about stranded carriers in deep space since tritium hotspot are useless and since they want to make a real economy in a game that doesnt have enough amount of players you dont have a way to supply enough for those carriers. The trade is completely worthless and it is waste of time to mine the fuel. All sandbox game that trying to make a complete real market has failed so far because people do not live in ED 24/7 neither on the other games and some group use to exploit big time that flaw. The market and economy should be balance with a behavior algorithm that reads the amount of real player working through the market to generate a fair amount of npc to balance a little bit the lack of. They would need to hire a real economist, a good mathematician, and both of them had to have experience coding virtual markets. It is like some other game that didnt bother with physics of ship collisions so they make the ships to bump. At least ED took the time with that area. Anyway, it is a great space sim game, I think the best out there even though it need some work in some areas. Be safe everyone, best regards,

RG

PS; as it is ED now, the only winning move is not to play *wargames_joshua :)
Click to expand...

My experience is that Tritium isn't really all that hard to find and mine at the minute - I can't be bothered as it's mainly sub surface and laser at the minute, but I could go out now and fill my holds with it with zero problem - just don't go to a Tritium Hotspot for it and don't turn up your nose at lower percentage yield - it just means running the laser a few mins longer is all.
 
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