This is an example of how valuable social interaction and social connection can be in a system like empire avenue. Certainly this is no scientific analysis or study of comparisons between different philosophies. It is just one example what kind of effect the “social component” can have on the market itself.
Steve was so gracious to start a mission for me with 200*2000 eaves to be invested into my shares with the aim to push me above 100e share price.
At the beginning of the day, the share price was about 97.7. During the last week, the share price had grown about 5e, in the last days the increase had accelerated a little, so a good estimation would have been a 100e share price at the end of the week.
The day started very normal, as can be seen at the left side of the following illustration.
However, then the frequency of transactions increased dramatically, which started shortly after the mission by Steve (about a 70 of the 200 slots used).
After about 100 of the mission slots used the share price graph looked like this.
Finally the graph from the end of the mission with about 90% of the slots used.
As can be seen, this mission that was worth 4m eaves, almost my net worth at the beginning of the day, push the share price up 4e, a only jump that would usually take almost a week of steady increase. It was possible through the help through the social component of Empire Avenue, partly through Steve’s mission and partly because a lot of other contacts bought far more shares than the 2,000e worth Steve offered to them in his mission.
This is just a first analysis of the day and the mission. Probably I will follow up with some more data and analysis of other aspects in the following days.
Thanks again to Steve for making this possible and everybody else who has participated and invested in my shares.