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What's with the plex prices
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Tiven loves Tansien
Doomheim
#1 - 2011-11-04 15:23:13 UTC
Yea, what's going on
Abrazzar
Vardaugas Family
#2 - 2011-11-04 15:24:01 UTC
thoth rothschild
Aliastra
Gallente Federation
#3 - 2011-11-04 15:25:24 UTC
incursion inflation
Hwong Jian
Perkone
Caldari State
#4 - 2011-11-04 15:26:09 UTC
I haven't checked them recently, but I'm going to go with an educated guess based on the fact that EVE's economy is a free market:

The plex prices are fluctuating based on supply and demand in an ever-changing and fluid market.
I Love Boobies
All Hail Boobies
#5 - 2011-11-04 15:43:03 UTC  |  Edited by: I Love Boobies
I'd say the Power of 2 offer might have something to do with it since they are offering 180 days game time for 3 plex on the new character. So basically, supply and demand.
Denidil
Cascades Mountain Operatives
#6 - 2011-11-04 15:44:35 UTC
thoth rothschild wrote:
incursion inflation


that's what everyone says, but i don't find it likely. demand for plexes spiked with lots of bittervets going to plex only, then spiked more when lots of people came back. but with the real world economy in the state it is the supply of plex is constrained.

Tedium and difficulty are not the same thing, if you don't realize this then STFU about game design.
Ptraci
3 R Corporation
#7 - 2011-11-04 15:47:03 UTC  |  Edited by: Ptraci
Denidil wrote:

but with the real world economy in the state it is the supply of plex is constrained.


If supply was constrained then volume would be down. If you look at the market statistics, volume is up more than in the past months, meaning that there is simply more demand. This is good news for CCP since high PLEX prices makes purchasing PLEX for real money more attractive. It's bad news for those (like me) who fund their multiple accounts with PLEX because either we have to play more/work harder to fund our accounts, or switch back to paying for (some of) them.
stoicfaux
#8 - 2011-11-04 16:04:50 UTC
My personal favorite theory:

Thora Tokila pointed out, err, is rumor-mongering that CCP might be buying up PLEX in order to encourage sales of new PLEX to squeeze more money out of Eve.

Pon Farr Memorial: once every 7 years, all the carebears in high-sec must PvP or they will be temp-banned.
Jooce McNasty
Islefive Consulting
#9 - 2011-11-04 16:13:55 UTC
Whats the latest price?

I haven't checked in a few days and I have a few to offload once it hits 600-700 mil.
Angel Lust
Ministry of War
Amarr Empire
#10 - 2011-11-04 16:14:47 UTC
I guess there is a new... large group of players.... with a lot of isk... with nothing to use isk on anymore....
buying plex for their alts instead.... ?
Denidil
Cascades Mountain Operatives
#11 - 2011-11-04 16:18:38 UTC
Ptraci wrote:
Denidil wrote:

but with the real world economy in the state it is the supply of plex is constrained.


If supply was constrained then volume would be down. If you look at the market statistics, volume is up more than in the past months, meaning that there is simply more demand. This is good news for CCP since high PLEX prices makes purchasing PLEX for real money more attractive. It's bad news for those (like me) who fund their multiple accounts with PLEX because either we have to play more/work harder to fund our accounts, or switch back to paying for (some of) them.


um... you can get more volume without an increase in supply.

in that situation the increased volume is chipping away at build up supply.

and when that happens price goes up.

Tedium and difficulty are not the same thing, if you don't realize this then STFU about game design.
Ptraci
3 R Corporation
#12 - 2011-11-04 17:02:47 UTC  |  Edited by: Ptraci
Denidil wrote:


um... you can get more volume without an increase in supply.

in that situation the increased volume is chipping away at build up supply.

and when that happens price goes up.


And where, pray tell, does this "increased volume" that is chipping away at built up supply come from? Oh. Demand. Thanks for proving my point for me.

Volume is a function of demand, not supply. Why? Because absolutely no one is forced to buy PLEX. Since volume measures completed transactions, an increase in volume means that more people are willing to buy PLEX, despite the higher prices. If more people are willing to buy, this means there is more DEMAND. The supply side is irrelevant, supply will only determine how much the price changes in this demand market, not the volume of completed transactions.

If there was an over-supply and people were selling PLEX to all the bids out there, we would have increased volume too. But the price of PLEX would be moving down, not up, as people realize they can get away with buying PLEX for cheaper prices due to increased demand of - ISK.
Jooce McNasty
Islefive Consulting
#13 - 2011-11-04 19:13:15 UTC  |  Edited by: Jooce McNasty
I am wondering about Incursions and the way they are farmed. If the fact that its an Isk printing machine is currently driving the prices of plex up. Since people are making so much isk they will have no reason not to pay for your their account with plex. This could be the start of an inflation period in EVE.

Is there anywhere online to be able to pull up market data from the previous months? I am specifically looking from the point that Incursions were implemented up to current date. I would just pull it off of eve but I am at work and I am bored. This will give me something to do.

Edit: found a site not sure how representative it is tho
Denidil
Cascades Mountain Operatives
#14 - 2011-11-04 19:22:29 UTC  |  Edited by: Denidil
Ptraci wrote:

And where, pray tell, does this "increased volume" that is chipping away at built up supply come from? Oh. Demand. Thanks for proving my point for me.


don't try to retcon your argument to be something different then what it was. i didn't prove any damn point for you.

you're a goddamn idiot. i was addressing this statement:

Ptraci wrote:


If supply was constrained then volume would be down..



which is WRONG - new supply is constrained, existing inventory is being depleted by new demand, thus prices are going up. QED.

Tedium and difficulty are not the same thing, if you don't realize this then STFU about game design.
Ptraci
3 R Corporation
#15 - 2011-11-04 19:34:52 UTC  |  Edited by: Ptraci
Denidil wrote:


existing inventory is being depleted by new demand, thus prices are going up. QED.




Here we go again. "New demand" is synonymous with "increased demand". Jeez if you don't understand economics read a book and stop pretending you know how to argue about it. You have once again proven my point.

If supply was constrained (ie there are less units available for sale), then volume cannot be anything but down. You can't buy what doesn't exist. The universe is best examined at its extremes. Make an extreme case and work it through. There are only 10 PLEX left in the universe. The price goes up as those PLEX-holders auction them off to the highest bidder, but what happens to the volume? It will never be more than 10.

The increased volume means more transactions are happening. The increasing prices means that the transactions consist of buyers chasing the sales price and being willing to pay more for PLEX.

Whatever, I only trade for a living.

Love,

Ptraci
Akrasjel Lanate
Immemorial Coalescence Administration
Immemorial Coalescence
#16 - 2011-11-04 19:40:45 UTC
stoicfaux wrote:
My personal favorite theory:

Thora Tokila pointed out, err, is rumor-mongering that CCP might be buying up PLEX in order to encourage sales of new PLEX to squeeze more money out of Eve.

Just a theory...

CEO of Lanate Industries

Citizen of Solitude
Denidil
Cascades Mountain Operatives
#17 - 2011-11-04 19:42:21 UTC
Ptraci wrote:
Denidil wrote:


existing inventory is being depleted by new demand, thus prices are going up. QED.




Here we go again. "New demand" is synonymous with "increased demand". Jeez if you don't understand economics read a book and stop pretending you know how to argue about it. You have once again proven my point.

If supply was constrained (ie there are less units available for sale), then volume cannot be anything but down. You can't buy what doesn't exist. The universe is best examined at its extremes. Make an extreme case and work it through. There are only 10 PLEX left in the universe. The price goes up as those PLEX-holders auction them off to the highest bidder, but what happens to the volume? It will never be more than 10.

Love,

Ptraci


you claimed that volume would be down if supply was constrained, which is wrong in the case of only NEW supply being constrained, which is what i was talking about. your pathetic attempts to evade simply admitting that you made an incorrect statement are ******* pathetic.

Tedium and difficulty are not the same thing, if you don't realize this then STFU about game design.
Ptraci
3 R Corporation
#18 - 2011-11-04 19:43:20 UTC
Akrasjel Lanate wrote:
stoicfaux wrote:
My personal favorite theory:

Thora Tokila pointed out, err, is rumor-mongering that CCP might be buying up PLEX in order to encourage sales of new PLEX to squeeze more money out of Eve.

Just a theory...


If CCP were buying PLEX - which is entirely possible, it means that CCP would have to create ISK in order to buy this PLEX, since PLEX is sold for ISK. If CCP was creating ISK there would be generalized inflation in EVE, not just inflation of PLEX prices. I don't know, are prices going up for everything in EVE? I mean, apart from the obvious Blue Ice and its derivatives.
Apollo Gabriel
Kill'em all. Let Bob sort'em out.
Ushra'Khan
#19 - 2011-11-04 19:45:16 UTC  |  Edited by: Apollo Gabriel
IF CCP were buying PLEX that'd be pretty nasty! Worse than the T20 bullshit, I really doubt it.

You do have the idiot around here who says it is to purposely drive out isk sellers or such nonsense, you can find the post if you search, but you're better off not looking.

In short many things cost more in eve now, look at Tri and other minerals, that drives up other costs, people sell PLEX to get isk, if they can't get what they need for 300 m isk, they charge more.

AG
Always ... Never ... Forget to check your references.   Peace out Zulu! Hope you land well!
Ptraci
3 R Corporation
#20 - 2011-11-04 19:50:10 UTC  |  Edited by: Ptraci
Denidil wrote:


you claimed that volume would be down if supply was constrained, which is wrong in the case of only NEW supply being constrained, which is what i was talking about. your pathetic attempts to evade simply admitting that you made an incorrect statement are ******* pathetic.


Of course volume would be down if there's a supply bottleneck. You can't sell what you don't have.

As for "new supply" I don't know what you mean. Are you saying that all the PLEX that is left on the market is PLEX that has been sitting for sale for years, and no one is buying new PLEX from CCP? Then why is more PLEX being sold this week than last week? Surely less people would want to buy this very expensive, older PLEX. It's not like it's Scotch and it gets better with age.

You are going very far to support a "theory" that CCP for some reason can't sell PLEX to people anymore, and this theory only has your word as evidence. The facts show that for the past few weeks, more people have been buying PLEX in the EVE market (where we can see the volume numbers) than ever before. CCP is probably still selling the same amount of PLEX, leaving supply relatively unchanged. Therefore the price moves up.
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