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PLEX Over 600m now....

Author
Gerald Taric
NEO DYNAMICS
#141 - 2012-10-09 10:40:38 UTC
Kyt Thrace wrote:
Do people really NOT understand Supply & Demand :P
This.
:-D
I think, it's some kind of "perfect" the way it is. If price is going up, it's just a sign of the fact, that more player need more PLEX and already bought the cheap ones.
Uwara
The Ares project
#142 - 2012-10-09 10:57:33 UTC
Gibbo3771 wrote:
CCP said they would step in if they got out of control.

I would say a 300% increase in price in the past 18 month "out of control"



They said so, yes. Our definition of "out of control" doesn't mean crap to CCP.
Only way they will act on PLEX prices is when they notice a significant drop in active players.

All PLEX in game is already paid for (no matter how old PLEX are), and CCP spent the money on WoD / Dust, so what better way to get new cash? Force players to "pay to play" instead of "play to pay".
I do have an acc in null, playing 1-2 hours in anoms to get 100+m more for increased PLEX price is not hard.
Its boring like hell, worse than L4s. Just warp in, shoot, maybe orbit a can if incoming dps gets too much and keep an eye on local, incredibly risky....even more if you are deep in alliance space. (this was sarcasm)

I have ISK, could sub 2 accs for a year+ each easily, but i wont. Max till new year, if even that.
Sub with CC? Hell no, just for principle of things.

Won a G510 keyboard in AT-X on  21.07.2012. Still not delivered, CCP keeps quiet. Customer support needs a raise.

Taiwanistan
#143 - 2012-10-09 11:00:16 UTC
Make a choice between time or money, it's not really that bad.

TA on wis: "when we have a feature that is its own functional ecosystem of gameplay then hooks into the greater ecosystem of EVE as a whole, and it provides good replayability."

Rek Seven
University of Caille
Gallente Federation
#144 - 2012-10-09 11:05:49 UTC  |  Edited by: Rek Seven
At 600 mil it's close to reaching the breaking point for me. Soon it will make more sense for me to stop paying CCP directly and instead, i'll just buy a GTC. I'll use one plex to renew my account and convert the other into isk and reinvest that isk in something that makes me more isk. Sooner or later, i'll be playing for free again while all the new players have been priced out of the game. WIN!
TriadSte
The Scope
Gallente Federation
#145 - 2012-10-09 11:09:34 UTC
Newer payers who were playing to buy plex are still funding CCP. Those newer players are right now pretty much priced out of buying plex.

Maybe they buy plex because they cannot afford Eve with real money for whatever reason.

Those guys quit playing because of the stupid Plex price.

CCP loses out.

CCP should step in and curb this inflation on Plex. Perhaps Concorde could step in and flood the market with reasonable priced Plex.

I forsee quite alot of accounts suspended because of this stupid inflation.

Whichever way you look at it, Its not good for CCP.
Ryunosuke Kusanagi
#146 - 2012-10-09 11:10:43 UTC  |  Edited by: Ryunosuke Kusanagi
i think the underlying question isnt whether or not someone can afford a plex or two, but rather is inflation/devaluation of isk setting in.

*edit* I can think of only one person qualified to make that call as it is his JOB within CCP to monitor that kind of thing :)
Jonni Favorite
Militant Industrialists LLC
Militant Consortium
#147 - 2012-10-09 11:19:49 UTC
Mallak Azaria wrote:
Ronin Duskstar wrote:
I'm dizzy just thinking how high PLEX is now.

CCP is forcing people to buy PLEX with real money instead of isk at this point Pirate


How the hell did you come up with that completely false logic?


It's easy: A=B. Therefore A=B
Mara Rinn
Cosmic Goo Convertor
#148 - 2012-10-09 11:21:52 UTC
From my perspective, what's "really" going on is this:

People are buying PLEX from CCP to sell for ISK. Being impatient to get their ISK injection quickly, they sell their PLEX to buy orders (i.e.: right-click, "Sell this item", sold).

Other people are buying PLEX with ISK to extend their game time. Being leave-it-to-the-last-minute types, or living-from-hand-to-mouth types, they save up their ISK, then buy from sell orders.

Both groups are doing it exactly wrong. In the middle are speculators who are posting the high buy orders and low sell orders. A speculator can keep flipping their PLEX once or twice a day for a 2-5% profit after taxes. The more PLEX they obtain, the more sales they'll own, or the more regions they'll be trading in.

Throw into the mix the Faction Warfare plex spinners who fit a fast ship with no weapons and a decent capacitor tank. They make billions of ISK a month, then immediately go and spend it. The spikes in PLEX prices that occur during cash outs are indicative of the FW spinner folk being low on long term planning capability or "delayed gratification". These are the same fools who transport tens of PLEX in battlecruisers or other similar ships (i.e.: non-cloaky, or cheaper to gank than the potential drop). So not only do they drive the sell orders up (by buying from sell orders because they have billions of ISK burning a hole in their pocket) but they destroy those PLEX with no benefit to anyone in the game. Very selfish of them, IMHO.

So between the routine speculators who are simply trading in PLEX to fund their retirements and the FW plexers who have nothing better to do with their ill-gotten gains than buy heaps of PLEX to then lose in a splodey ball, I think there's more than enough explanation for the steady inflation of PLEX prices without resorting to "ISK inflation of the economy" or "L4 missions pay too much" (that canard has been doing the rounds since at least 2008).

If you're selling PLEX for ISK, make sure you list it on a sell order and be prepared to wait entire hours for it to sell. Just hang in there, it'll sell. If you're buying PLEX with ISK, make sure you post a buy order and be prepared to wait entire hours for your order to be filled. You might need to babysit the order and bump the price up a few times, but it will be far cheaper in the long run than buying the PLEX from a sell order.

Of course you can go ahead and blame moon goo, L4 missions, unemployed people with too much time on their hands, ice harvesting bots, or the Jove. But from what I've seen, the three groups of people I've just mentioned are good enough explanation for me.

Until the buyers and sellers wise up, or CCP places limits on the number of PLEX market transactions per character/account, I expect PLEX to continue to rise inexorably. CCP could inject PLEX into the market from their confiscated stockpile, but that will simply allow the speculators to boost their speculating base, accelerating inflation.
Destination SkillQueue
Doomheim
#149 - 2012-10-09 11:44:47 UTC
Mara Rinn wrote:
From my perspective, what's "really" going on is this:

People are buying PLEX from CCP to sell for ISK. Being impatient to get their ISK injection quickly, they sell their PLEX to buy orders (i.e.: right-click, "Sell this item", sold).

Other people are buying PLEX with ISK to extend their game time. Being leave-it-to-the-last-minute types, or living-from-hand-to-mouth types, they save up their ISK, then buy from sell orders.

Both groups are doing it exactly wrong. In the middle are speculators who are posting the high buy orders and low sell orders. A speculator can keep flipping their PLEX once or twice a day for a 2-5% profit after taxes. The more PLEX they obtain, the more sales they'll own, or the more regions they'll be trading in.

Throw into the mix the Faction Warfare plex spinners who fit a fast ship with no weapons and a decent capacitor tank. They make billions of ISK a month, then immediately go and spend it. The spikes in PLEX prices that occur during cash outs are indicative of the FW spinner folk being low on long term planning capability or "delayed gratification". These are the same fools who transport tens of PLEX in battlecruisers or other similar ships (i.e.: non-cloaky, or cheaper to gank than the potential drop). So not only do they drive the sell orders up (by buying from sell orders because they have billions of ISK burning a hole in their pocket) but they destroy those PLEX with no benefit to anyone in the game. Very selfish of them, IMHO.

So between the routine speculators who are simply trading in PLEX to fund their retirements and the FW plexers who have nothing better to do with their ill-gotten gains than buy heaps of PLEX to then lose in a splodey ball, I think there's more than enough explanation for the steady inflation of PLEX prices without resorting to "ISK inflation of the economy" or "L4 missions pay too much" (that canard has been doing the rounds since at least 2008).

If you're selling PLEX for ISK, make sure you list it on a sell order and be prepared to wait entire hours for it to sell. Just hang in there, it'll sell. If you're buying PLEX with ISK, make sure you post a buy order and be prepared to wait entire hours for your order to be filled. You might need to babysit the order and bump the price up a few times, but it will be far cheaper in the long run than buying the PLEX from a sell order.

Of course you can go ahead and blame moon goo, L4 missions, unemployed people with too much time on their hands, ice harvesting bots, or the Jove. But from what I've seen, the three groups of people I've just mentioned are good enough explanation for me.

Until the buyers and sellers wise up, or CCP places limits on the number of PLEX market transactions per character/account, I expect PLEX to continue to rise inexorably. CCP could inject PLEX into the market from their confiscated stockpile, but that will simply allow the speculators to boost their speculating base, accelerating inflation.


The thing is though, that if I have to babysit the orders for hours, it is stupid for me to babysit them. Time spent on babysitting market orders is time not having fun or making money. Is the FW plex abuser better off waiting to squeeze a few million discount from a PLEX purchase or would he make more by using that time running more plexes? It might be bad for the overall PLEX price stability, but doing a quick suboptimal trade makes perfect financial sense from a personal perspective.
Bagrat Skalski
Koinuun Kotei
#150 - 2012-10-09 11:53:38 UTC
You see, you too think about ISK/hour ratio. Even this couple minutes spend babysitting buy order don't seem worthwhile, only "must make ISK (and fun... orbiting)".

MUST... MAKE... ISK. Shocked

ISK zombies. Lol
Adoro
Below the Asteroids Ltd.
#151 - 2012-10-09 11:58:21 UTC  |  Edited by: Adoro
There is this other cunning scam CCP is running, instead of PLEX they also allow you to pay with RL cash...so more money for them! What a scam! Ridiculous if you ask me.

Im thinking about unsubbing my 20 accounts, yes I went there!

Point to make: stop being poor, buy game time and whine less on the forums

Ninja edit: 1h or rl work in western world and you play EVE for a month...paying with ISK just isnt worth it. I can't make 600mil in 1 hour, I can make € 15 in 1 hour though
Destination SkillQueue
Doomheim
#152 - 2012-10-09 12:07:11 UTC  |  Edited by: Destination SkillQueue
Bagrat Skalski wrote:
You see, you too think about ISK/hour ratio. Even this couple minutes spend babysitting buy order don't seem worthwhile, only "must make ISK (and fun... orbiting)".

MUST... MAKE... ISK. Shocked

ISK zombies. Lol


You make the mistake of assuming, that income levels only matter to people who care only about making ISK. We all have to make money somehow and for many it's all about minimizing the amount of grinding you have to do to get it. Maximizing ISK/h means less time spent on grinding and more spent on enjoying the game. Some even go so far as to spend RL money, so they can sell PLEXs and have others do their grinding for them. Naturally some people enjoy the ISK making experience, but certainly not all, and for them it makes perfect sense to gravitate to the most efficient ISK/hour activity available.
Taranius De Consolville
Doomheim
#153 - 2012-10-09 12:11:19 UTC
Gerald Taric wrote:
Kyt Thrace wrote:
Do people really NOT understand Supply & Demand :P
This.
:-D
I think, it's some kind of "perfect" the way it is. If price is going up, it's just a sign of the fact, that more player need more PLEX and already bought the cheap ones.



no no and no

it's a sign of a failing market, do u not get that? People can NO LONGER make the isk required to pvp non stop, so they buy plexes and sell them for cash injections

keep pushing the prices up and watch the market fail, its all linked and goons

and yes this goes back to goons

have done there job nicely.

EvE has at best 2 years, if that, the general consensus of dust around the net is *its halo but with eve crap* so..

and i do love the irony of this

pvp players moan that empires are destroying the game

well guess who ****** it up?

PvP pilots, well done :)
Gerald Taric
NEO DYNAMICS
#154 - 2012-10-09 12:13:26 UTC
TriadSte wrote:
CCP should step in and curb this inflation on Plex. Perhaps Concorde could step in and flood the market with reasonable priced Plex.

I forsee quite alot of accounts suspended because of this stupid inflation.
CONCORD should floot the market with PLEX? So you mean, CCP should gift the players game time? PLEX are paid game time. CCP received money for it. CONCORD is an imaginary intitution within EVE, not paying money to CCP. Therefore it would also be a loss for CCP.

And on the other hand: If a lot of accounts are being suspended due to high PLEX prices, these players won't buy them on ingame market any more, thus the demand for PLEX is falling, selling them is more difficult, therefore price is expected to fall.

As long as there are players willing to pay such high PLEX prices, these prices won't fall.


Adoro
Below the Asteroids Ltd.
#155 - 2012-10-09 12:14:40 UTC
Taranius De Consolville wrote:
Gerald Taric wrote:
Kyt Thrace wrote:
Do people really NOT understand Supply & Demand :P
This.
:-D
I think, it's some kind of "perfect" the way it is. If price is going up, it's just a sign of the fact, that more player need more PLEX and already bought the cheap ones.



no no and no

it's a sign of a failing market, do u not get that? People can NO LONGER make the isk required to pvp non stop, so they buy plexes and sell them for cash injections

keep pushing the prices up and watch the market fail, its all linked and goons

and yes this goes back to goons

have done there job nicely.

EvE has at best 2 years, if that, the general consensus of dust around the net is *its halo but with eve crap* so..

and i do love the irony of this

pvp players moan that empires are destroying the game

well guess who ****** it up?

PvP pilots, well done :)


Ive read people like you saying the game would die within 2 years, for 7 years now. So....
Welcome to EVE Online 4 : A new beginning
Taranius De Consolville
Doomheim
#156 - 2012-10-09 12:21:31 UTC
Adoro wrote:
Taranius De Consolville wrote:
Gerald Taric wrote:
Kyt Thrace wrote:
Do people really NOT understand Supply & Demand :P
This.
:-D
I think, it's some kind of "perfect" the way it is. If price is going up, it's just a sign of the fact, that more player need more PLEX and already bought the cheap ones.



no no and no

it's a sign of a failing market, do u not get that? People can NO LONGER make the isk required to pvp non stop, so they buy plexes and sell them for cash injections

keep pushing the prices up and watch the market fail, its all linked and goons

and yes this goes back to goons

have done there job nicely.

EvE has at best 2 years, if that, the general consensus of dust around the net is *its halo but with eve crap* so..

and i do love the irony of this

pvp players moan that empires are destroying the game

well guess who ****** it up?

PvP pilots, well done :)


Ive read people like you saying the game would die within 2 years, for 7 years now. So....
Welcome to EVE Online 4 : A new beginning



Ive been here since 03 u little scrub, n ive seen plenty for forum trolls like u, the game is dieing and has been for the past 3 years, u havent seen a rise in subs, uve seen a rise in alts. u damn fool, every troll like u has no clue and sits on these forums dad after day commenting on every post because u have grown so bored with eve u dont even play but u cant bring urself to quit

because your pathetic lonley people who like being morons to others because it makes u feel better
Adoro
Below the Asteroids Ltd.
#157 - 2012-10-09 12:29:22 UTC
Taranius De Consolville wrote:
Adoro wrote:
Taranius De Consolville wrote:
Gerald Taric wrote:
Kyt Thrace wrote:
Do people really NOT understand Supply & Demand :P
This.
:-D
I think, it's some kind of "perfect" the way it is. If price is going up, it's just a sign of the fact, that more player need more PLEX and already bought the cheap ones.



no no and no

it's a sign of a failing market, do u not get that? People can NO LONGER make the isk required to pvp non stop, so they buy plexes and sell them for cash injections

keep pushing the prices up and watch the market fail, its all linked and goons

and yes this goes back to goons

have done there job nicely.

EvE has at best 2 years, if that, the general consensus of dust around the net is *its halo but with eve crap* so..

and i do love the irony of this

pvp players moan that empires are destroying the game

well guess who ****** it up?

PvP pilots, well done :)


Ive read people like you saying the game would die within 2 years, for 7 years now. So....
Welcome to EVE Online 4 : A new beginning



Ive been here since 03 u little scrub, n ive seen plenty for forum trolls like u, the game is dieing and has been for the past 3 years, u havent seen a rise in subs, uve seen a rise in alts. u damn fool, every troll like u has no clue and sits on these forums dad after day commenting on every post because u have grown so bored with eve u dont even play but u cant bring urself to quit

because your pathetic lonley people who like being morons to others because it makes u feel better


Well it feels really good annoying you after this post, hope you dont jump in front of a bus though cause you sound really depressed...

And no, im not done with EVE. I sit on forums while at work, real life work and stuff...you know buying a house, have children and all that. But you wouldn't know from your mom's basement. She making your sandwich right now boy?
Hazen Koraka
HK Enterprises
#158 - 2012-10-09 12:30:59 UTC
In before the lock... :D

Exploration is Random. Random is Random... or is it?! http://docs.python.org/2/library/random.html

Gerald Taric
NEO DYNAMICS
#159 - 2012-10-09 12:38:21 UTC
Taranius De Consolville wrote:
it's a sign of a failing market, do u not get that? People can NO LONGER make the isk required to pvp non stop, so they buy plexes and sell them for cash injections

keep pushing the prices up and watch the market fail, its all linked and goons

If people can't make the ISK for their non-stop-PvP, it's their problem having an imbalance of creating and destroying things.
They are just ransom themselfes by pumping real money into the game by buying and selling PLEX. I personally do not condemn them for doing so. If they have money to burn, just let them :)

If all PLEXes are too expensive, because it would be grinding hell to just buy one for the next month of grinding hell, this game would not be fun anymore. PLEX market will break down. Therefore ... yes ... it's a sing of failing market :-). But i'm sure it will come up again after the crash.

tl;dr :
Obviously there are always people willing to buy these PLEXes. As long as they are there, this situation will remain or worsen.

I advoice new players to get an usual subscribtion instead of buying ingame PLEXes. This avoids getting into the hassle (and non-joy), which has been already described.
shadowhearth Eto
Subsidy H.R.S.
Xagenic Freymvork
#160 - 2012-10-09 12:45:45 UTC
Plex reminds me of credit crunch in a way...


they said: BUY HOUSES!!!! OR YOU WONT BE ABLE TO AFFORD THEM AFTER!!!


*credit crunch happened


UPS!!! sorry all!!!


Plex goes up, buut as some people mentioned already, it will go down fast, when stockpilers will dump it all. i see back in the day plex were like 250mil.... i am not surprised that a lot of people could have stockpiled hundreds of damn thing...