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PlexGeddon is coming

Author
Rellik B00n
Republic Military School
Minmatar Republic
#61 - 2012-09-13 22:18:30 UTC
I find your lack of PLEX disturbing.

My favorite in the thread is the airplane one Big smile

I got lots of PLEX but in the end inflation means no one really wins.

About time a very large entity had a go at PLEX manipulation, gl.
[Of a request for change ask: Who Benefits?](https://forums.eveonline.com/default.aspx?g=posts&find=unread&t=199765)
MinefieldS
1 Sick Duck Standss on something
#62 - 2012-09-14 02:35:20 UTC
Rellik B00n wrote:
I find your lack of PLEX disturbing.

My favorite in the thread is the airplane one Big smile

I got lots of PLEX but in the end inflation means no one really wins.

About time a very large entity had a go at PLEX manipulation, gl.


I suspected that excessive hoarding causes weight gain, but I never thought it would be on such a massive scale... around 300-400 lbs.
serras bang
Caldari Provisions
Caldari State
#63 - 2012-09-14 03:26:08 UTC
Bugsy VanHalen wrote:
If you really stop to think about it.

PLEX prices even at +575,000,000 isk is not really out of line considering the inflation the EVE economy has experienced recently.

For as long as I can remember, aside from a few temp fluctuations, PLEX price has always been about half the cost of a freighter.

When PLEX was selling for just over 300 mil each a freighter was worth a little over 600 mil.

freighters right now are sitting between 1.2 and 1.5 bil. So PLEX could be sitting at 600-750 mil before things level out.

never thought I would ever see PLEX that high.

Edit,
Make that over 1.6 bil for a freighter right now in Jita. Even buy orders are at 1.5-1.6 bil.

how the hell did that happen? I thought 1.2 bil for a freighter was crazy high.


not really frieghters have been costing 1.4 - 1.5 bill to make for at least 3 months now i think i dished out about 1.5 - 1.6 bill about 3 months ago on a charon.
Mu-Shi Ai
Hosono House
#64 - 2012-09-14 03:43:23 UTC
Malchristus wrote:
This is exactly what I said and I believe. I don't think you need a tinfoil hat you just need a reality check and to lose a bit of confidence. Those same players you are talking about with MT DID boycott the game and protest and all because CCP couldn't, between their collective brain cells, anticipate the reaction and/or the effects from it which suggests either client-base complacency, sheer lack of intelligence (my pick) or a throw sh&% at the wall and see if it sticks attitude.
So back to PLEX, why shouldn't they evoke the same attitude or have the same lack of intelligence??

If you read my text properly what I'm suggesting is that the brain cell they are sharing doesn't have the foresight to see the repercussions of manipulating the market it just goes ahead and does it and then worries about it later. It's been this way for almost everything from the beginning, is now and ever shall be, AMEN!


Okay, but you're missing the part where you actually prove that CCP is behind it. Your enormous assumption in all of this is that CCP is too stupid to understand the ramifications of upward PLEX manipulation and are doing it anyway. That seems highly unlikely, being that they actually employ an economist. What are you going to argue next? That the economist is locked up in a basement somewhere with a gag in his mouth? You may not need a tinfoil hat to make the argument you're making. Sometimes you just need to be stupid. But I think you're simultaneously wearing tinfoil and being stupid here.
Chevy Hakoke
Caldari Provisions
Caldari State
#65 - 2012-09-14 07:00:34 UTC
DarthNefarius wrote:
Where's all the NULL SECCers blaming the price of PLEX on Incursioners?!?!?! Oh I know where they are they are farming FW complexes with 8 day old speedtank alts!



Ah another DarthNefaius incursion post, didn't see that coming
MinefieldS
1 Sick Duck Standss on something
#66 - 2012-09-14 07:26:31 UTC
Chevy Hakoke wrote:
DarthNefarius wrote:
Where's all the NULL SECCers blaming the price of PLEX on Incursioners?!?!?! Oh I know where they are they are farming FW complexes with 8 day old speedtank alts!



Ah another DarthNefaius incursion post, didn't see that coming


His real name is JarJarNefarious and all his posts are copy-pasted from Star Wars:The Phantom Menace script.
DarthNefarius
Minmatar Heavy Industries
#67 - 2012-09-14 17:16:21 UTC
MinefieldS wrote:

His real name is JarJarNefarious and all his posts are copy-pasted from Star Wars:The Phantom Menace script.


Izza donna nosa whatzyuuuuzza talkin' 'bout


Looks like CCP is capitalizing on the hi priceof ISKies with a PLEX sale hope tha brings supply up.
I am curious if Dr E did do a PLEX sale with confiscated PLEX he'd tell all ofwe or just the spacerich CSM?
An' then Chicken@little.com, he come scramblin outta the    Terminal room screaming "The system's crashing! The system's    crashing!" -Uncle RAMus, 'Tales for Cyberpsychotic Children'
Sapporo Uta
Science and Trade Institute
Caldari State
#68 - 2012-09-15 01:27:18 UTC
DarthNefarius wrote:

Oh come on stop talking about blaming L4 missions veteran mains with 8 day old speed tanked alts are making 20+ billion a month in FW Winmitar complexes. They went tier 5 again last weekend & we're seeing the PLEX spkie brcause of it.
The PvE designers need to take a class which explains the definition of a Monty Haul campaign.
At least with Incursions you had to have 3 month's plus o trianing to get in a legion or logistic then had to find a fleet and incursions paid what 1/4 what these speedtank alts are making a month?


As a pure trader with no combat skills other than those I received fome character creation, I have no idea of what you are talking about in terms the mechanics associated in using speedtanked alts and complexes. But I can tell you this; if you see this activity as a menace to the economy, or even a problem, the easiest way to take care of it is to detail what is being done, write it in terms a combat scrum can understand, post it to the forums, and encourage more of this activity. Assuming you aren't engaged in utilizing an 8 day speedtanked alt, no harm will come to you. As more people engage in this activity, the complaints will increase and the nerf (whatever it is) will correct the issue.

Nothing ever gets corrected in MMOs unless it truly becomes an issue. Do your best (within the rules) to make it an issue.
Sola Mercury
Republic Military School
Minmatar Republic
#69 - 2012-09-15 10:22:49 UTC
Mu-Shi Ai wrote:

A lot of people argue that CCP has an incentive to boost PLEX prices because the higher the amount of ISK they can be exchanged for, the more players who will supposedly want to purchase them. And yet, one could make a similar argument that CCP has an interest in keeping PLEX prices stable, and tamping down on market volatility, because players will be more likely to purchase PLEX when they feel like they basically know what they'll be able to get for them at any given time. A spike to 700m may show CCP a bump in PLEX sales, but when the price goes back down below 500m, all those people are just going to be waiting for the next spike before they buy again. CCP wouldn't really end up ahead, they'd just be messing with the pattern of PLEX purchases, creating new bumps and dips. Which doesn't serve them at all, if they like revenue streaming in on a consistent, predictable basis.



One could even say, that low prices on PLEX is best for CCP.
Cause a player willing to pay real $ for ISK, would need to buy more PLEX for his needs of ISK to be saturated.
Demolishar
United Aggression
#70 - 2012-09-15 11:08:48 UTC
Sola Mercury wrote:
Mu-Shi Ai wrote:

A lot of people argue that CCP has an incentive to boost PLEX prices because the higher the amount of ISK they can be exchanged for, the more players who will supposedly want to purchase them. And yet, one could make a similar argument that CCP has an interest in keeping PLEX prices stable, and tamping down on market volatility, because players will be more likely to purchase PLEX when they feel like they basically know what they'll be able to get for them at any given time. A spike to 700m may show CCP a bump in PLEX sales, but when the price goes back down below 500m, all those people are just going to be waiting for the next spike before they buy again. CCP wouldn't really end up ahead, they'd just be messing with the pattern of PLEX purchases, creating new bumps and dips. Which doesn't serve them at all, if they like revenue streaming in on a consistent, predictable basis.



One could even say, that low prices on PLEX is best for CCP.
Cause a player willing to pay real $ for ISK, would need to buy more PLEX for his needs of ISK to be saturated.


Unfortunately that would mean the higher prices go, the less supply there will be, leading to even higher prices, which in turn reduce supply even more. That kind of thinking would have had the system self-destruct a long time ago.
Vincent Athena
Photosynth
#71 - 2012-09-15 20:37:04 UTC  |  Edited by: Vincent Athena
CCP actually wants a lower PLEX price, where the price is driven down by players purchasing (for Real Money) great heaping piles of it and selling them in game.

After a PLEX enters the game one of 3 things happen to it: It stays in game, it gets destroyed, or it gets used for game time. In order for CCP to sell more PLEX, one or more of these 3 things must increase. Of these the biggest PLEX sink is most likely use for game time. To increase the size of this sink, the PLEX price needs to drop to encourage more accounts to be funded via PLEX. So CCP's goal is to get more PLEX purchased to drive the price down, and keep those high sales despite a low ISK price.

So far the only things they have done in that effort are advertizing and sales. DUST may be a third method.

Also there is an odd effect: an increase in PLEX price can result in reduced purchases for RM. Say you want to buy a 3 billion ISK item and you want to get the ISK via PLEX. If the PLEX is at 500 million, you buy 6 of them. But if its at 600 million, you only buy 5. Higher the price the fewer you need.

I happened to set a buy order at Jita at 498 mil for PLEX just before the recent spike. Oddly, it just got filled.

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DarthNefarius
Minmatar Heavy Industries
#72 - 2012-09-15 23:05:24 UTC
Vincent Athena wrote:

After a PLEX enters the game one of 3 things happen to it: It stays in game, it gets destroyed, or it gets used for game time..


You left out it gets turned into aurum ( not quite destroyed more like converted ).
An' then Chicken@little.com, he come scramblin outta the    Terminal room screaming "The system's crashing! The system's    crashing!" -Uncle RAMus, 'Tales for Cyberpsychotic Children'
Mu-Shi Ai
Hosono House
#73 - 2012-09-16 01:40:38 UTC
Sola Mercury wrote:
Mu-Shi Ai wrote:

A lot of people argue that CCP has an incentive to boost PLEX prices because the higher the amount of ISK they can be exchanged for, the more players who will supposedly want to purchase them. And yet, one could make a similar argument that CCP has an interest in keeping PLEX prices stable, and tamping down on market volatility, because players will be more likely to purchase PLEX when they feel like they basically know what they'll be able to get for them at any given time. A spike to 700m may show CCP a bump in PLEX sales, but when the price goes back down below 500m, all those people are just going to be waiting for the next spike before they buy again. CCP wouldn't really end up ahead, they'd just be messing with the pattern of PLEX purchases, creating new bumps and dips. Which doesn't serve them at all, if they like revenue streaming in on a consistent, predictable basis.



One could even say, that low prices on PLEX is best for CCP.
Cause a player willing to pay real $ for ISK, would need to buy more PLEX for his needs of ISK to be saturated.


This is why the answer doesn't have so much to do with the actual price of PLEX, at least not as long as it's within a certain boundary. It's too easy to say "Oh, CCP wants PLEX to be expensive so players will buy more of them to cash in" or "CCP wants PLEX to be super-cheap so people have to buy more of them in order to cash in nicely on them." The real answer here is that CCP wants PLEX prices to remain relatively stable in terms of the overall economic situation in EVE. Stable PLEX equals stable PLEX sales. They know they're selling the things left and right, so how would it be at all in their interests to rock that boat and create unnecessary dips and bumps in their revenue stream (not to mention anxiety and complaints in the user base due to the price instability, which is just another headache for CCP). That they would invite these things seems utterly absurd. And that's why the tinfoil hattery is ultimately tinfoil hattery.
mactera
Republic University
Minmatar Republic
#74 - 2012-09-16 01:47:51 UTC  |  Edited by: mactera
Vincent Athena wrote:
Also there is an odd effect: an increase in PLEX price can result in reduced purchases for RM. Say you want to buy a 3 billion ISK item and you want to get the ISK via PLEX. If the PLEX is at 500 million, you buy 6 of them. But if its at 600 million, you only buy 5. Higher the price the fewer you need.


This is a very popular false assumption. It assumes the demand for a fixed amount of ISK is completely inelastic. Meaning people will purchase the required amount of PLEX to get e.g. 1b ISK no matter how many PLEX they have to purchase. That's obviously wrong.

If a super carrier costs 600 Euro x-amount of people will buy the required PLEX to get a super carrier. However, if you only have to spend 300 Euro to buy a super carrier more than x people will buy the required PLEX to get a super carrier. (An increase in the ISK price of a PLEX will cause a decrease in the rl-money price of a super carrier.)

CCP basically has a monopoly on (legally) selling ISK. If you have a monopoly you will want to maximize the result of amount of items sold times price per item (i.e. profit per item). If you are the owner of a football stadium and you can either sell tickets for 300 Euro resulting in 60% of seats remaining empty or you can sell them for 200 Euro resulting in 10% of seats remaining empty or you can sell them for 100 Euro resulting in no seats remaining empty you will want to sell the tickets for 200 Euro to maximize the total profit (200*80% > 300*40% > 100*100%). The difference with ISK (PLEX) is that CCP does not directly control the price of ISK. But still a higher ISK price of PLEX (= lower rl-money price of ISK) doesn’t necessarily mean the total profit for CCP decreases.
DarthNefarius
Minmatar Heavy Industries
#75 - 2012-09-20 19:04:40 UTC
Looks like PLEX is stabilizing at around 530 million.
I predict the next FW tier 5 push we'll see a 600 million PLEX spike & PLEXAGEDDON will oficially start Ugh
An' then Chicken@little.com, he come scramblin outta the    Terminal room screaming "The system's crashing! The system's    crashing!" -Uncle RAMus, 'Tales for Cyberpsychotic Children'
Ave Kathrina
My Ass Is On Fire
#76 - 2012-09-21 04:50:18 UTC
Mito Tzestu wrote:
It is all very perplexing.




Please close your account, that was terrible.
I've done some really stupid shit in this game.
enterprisePSI
#77 - 2012-09-21 06:33:10 UTC
Your comPLEXion is perPLEXed.

PLEX prices will continue to comPLEXify.

It doesn't take an outer PLEXiform layer of neuronal synapses to predict PLEX prices.

Unless prices drop and lots of people get apoPLEXies, prices will continue to rise making things more comPLEXing.

Cool

The tears of the many, outweigh the tears of the few. Or the one. enterprise-psi©

Jori McKie
Hedion University
Amarr Empire
#78 - 2012-09-21 10:29:43 UTC
All depends on how well stocked the market will be in the next months, if the supply is running low again into lesser than 50-100 Plex in Jita, prices will skyrocket again and drop down after. Rinse and repeat but the effect can be seen already the buy order is rising. Worst case will be a low supply for several days or one week then Plex prices will really skyrocketing.
Right now buy orders are going towards 530+ but the amount of Plex for less than 550m is very low. The interesting times will be from mid October to mid March that is usually the time of year with the highest prices.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." - Abrazzar

Piugattuk
Litla Sundlaugin
#79 - 2012-09-21 23:56:27 UTC  |  Edited by: Piugattuk
you know I can sub or just buy plex the reason I grind is because all the nerfing of ships and general nerfing then griefer get mad then start doing things against others because of the buff (miner bumping) all this school yard antics makes me question whether its worthwhile to play when so many act like school yard children, No, reading CCP's policy on griefing as a reason to get banned there should have been bans going on a long time ago, you can't conduct any REAL transaction in Jita because local is spammed to death with scams and nobody even believe legitimate deals, miner bumping may not be illegal in itself but should get someone banned for harassment (not referring to ganking), ganking stinks but its part of the game, but at some point school yard antics become tiresome to everyone with a real investment in the game, you hate bots I don't like bots but it's a CCP failure failing us all, its easy to spot bots I do everyday, so go gank the bot but hating miners just because they choose that another school yard mentality, hate the poor kid, hate the metal heads, hate the jocks....is this what CCP is going to Foster, enough, that's my reason for not subbing or plex buying to buy bigger better more investment in the game.
Sun Win
#80 - 2012-09-22 04:17:15 UTC
Shocked