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Panic Buying on PLEX ?

First post
Author
Kara Books
Deal with IT.
#41 - 2013-05-28 20:35:50 UTC
Id like to admit that I know how people make money off of plex, id also like to add, these people put trillions of ISK into the plex market to make countable ISK.

there is so much confusion and advertisements on what to invest in.
Vaerah Vahrokha
Vahrokh Consulting
#42 - 2013-05-28 21:31:15 UTC
Harry Forever wrote:
Vaerah Vahrokha wrote:
Harry Forever wrote:


if i would have billions of ISK I would invest all in Plex, thats the only thing i want to say


So, buy high? And then maybe sell low?

No surprise you are still at the "if I would have billions" phase.


no need to get angry, It's just what I would do, as I'm still new it will take time, you can invest differently no problem


"Angry" is not exactly the proper term. In the best case, you are going to pay my bills Blink
Bugsy VanHalen
Society of lost Souls
#43 - 2013-05-28 21:59:56 UTC
Harry Forever wrote:
Kara Books wrote:
Every 6 months, SAME exact story, over and over and over and over.

Plex prices go up, CCP issues sale, plex prices come down, then a week later settle between old price and high price.

Just Deal with IT.


I hardly believe CCP will sell a lot of PLEX for ISK because they do not get real money for that, so it would not make sense, however if plex go up in ISK value more poeple will buy them with real money to assure they can get more ISK in the game, therefore I believe in Plex going up

PLEX is only valuable for CCP if a real player buys it with real money, if they sell Plex themselfe they loose on every plex they sold, basically they would give away free subscription by doing that, however if a player buys plex from another player who bought it for real money then the subscription cash is not lost for CCP

CCP selling PLEX is not for isk, it is for real money.

When PLEX prices rise to fast CCP has a PLEX sale. This is when you can buy PLEX for $15-17 each rather than the normal $19.95. When they do this there is a surge of players that but them to sell in Game while the Prices are high.

If you are the type of player to spend real money buying PLEX to sell in game rather than grinding isk when is the best time to do that? When will you get the maximum isk for your dollar? Obviously when PLEX prices in game are high. Then when CCP has a sale you get even more isk for your dollar. there are many players that do this, I do it myself when I need isk and do not have much time to grind it ingame. I do not do it often but when ever I see PLEX prices skyrocket I watch the CCP site for a sale. If I can buy some cheap PLEX and sell it in game at the inflated prices that is when I will do it.

The only trick is the timing, sell them before the prices drop. The window is usually very small. Generally when CCP has a PLEX sale the price of PLEX in game starts droping within hours of the sale starting.
Harry Forever
Pandemic Horde Inc.
Pandemic Horde
#44 - 2013-05-29 09:34:10 UTC
Bugsy VanHalen wrote:


yea i missunderstood Karas comment, I thought she was refering to the market intervention CCP did with plex from banned accounts, I just thought that will not happen often because CCP could also wait and let players buy plex with real money and sell them on the market instead of using plex from the banned accounts
Andres Talas
Center for Advanced Studies
Gallente Federation
#45 - 2013-05-29 13:57:22 UTC
Harry Forever wrote:
Bugsy VanHalen wrote:


yea i missunderstood Karas comment, I thought she was refering to the market intervention CCP did with plex from banned accounts, I just thought that will not happen often because CCP could also wait and let players buy plex with real money and sell them on the market instead of using plex from the banned accounts


Oh, they'll do that too, if selling them for real cash to players doesnt work.

Its a nice market, and CCP is going to make sure it stays that way.
Astrum Obtutus
Perkone
Caldari State
#46 - 2013-05-29 18:56:07 UTC
Bit of an eve noob ive only dabbled on and off a bit and I just got back. So help me out here I am trying to get a download of what to watch in the market right now.

First, what is the reson for the assumption that the expansion will bring market wide inflation?

Second, if the price of plex is unusually high and will soon be reflooded with an influx of players buying plex, why would you want to buy it with isk while it is high? It seems unlikely inflation across the whole market can devalue your isk more than how much the value of plex is capable of plummeting by coming from the unlimited supply that CCP has.

To avoid inflation wouldn't it me more sensible to stock up on a diverse set of assets with a more limited supply? Certain assets will certainly be in demand with an upcoming expansion.

My current summary understanding:
PLEX is high right now, projected to eventually be low.
Sell PLEX for isk.
Invest in limited supplies that will be in demand based on the expansion to avoid the inflation set back.
Kara Books
Deal with IT.
#47 - 2013-05-29 19:19:36 UTC  |  Edited by: Kara Books
Harry Forever wrote:
Bugsy VanHalen wrote:


yea i missunderstood Karas comment, I thought she was refering to the market intervention CCP did with plex from banned accounts, I just thought that will not happen often because CCP could also wait and let players buy plex with real money and sell them on the market instead of using plex from the banned accounts


[hypothetical] If the very rich decide to make a pact and raise plex prices to 4B isk p/u, then whats going to hapten is, many accounts will close down, demand will utterly be obliterated within a very short time, the entire landscape of the game will change and those who would drive prices in that nature will be branded destructive trolls before something like that would hapten.

So I wouldn't be surprised if CCP stepped in before enough damage could be done and put a crushing hammer down to stabalize the marketplace, player count and a key commodity supply and demand..

Think of it as having a currency not being backed up by gold or silver, compared to a currency that you could take to the bank and walk out with pure gold/silver/copper.

Obviously, every one by default wants the commodity driver currency instead of something similar to modern (severely corrupt) communism.

If eve was the only game in existence, then that might fly, player count is fought over, with advertisements and heavy investment into Dev paychecks so they can continue working on making the company more customers through quality.

and that, ladies and gentlemen, is what should be driving the value of ISK and PLEX, instead of the very few, greedy and corruption driven types.
Harry Forever
Pandemic Horde Inc.
Pandemic Horde
#48 - 2013-05-29 22:06:40 UTC
Kara Books wrote:
Harry Forever wrote:
Bugsy VanHalen wrote:


yea i missunderstood Karas comment, I thought she was refering to the market intervention CCP did with plex from banned accounts, I just thought that will not happen often because CCP could also wait and let players buy plex with real money and sell them on the market instead of using plex from the banned accounts


[hypothetical] If the very rich decide to make a pact and raise plex prices to 4B isk p/u, then whats going to hapten is, many accounts will close down, demand will utterly be obliterated within a very short time, the entire landscape of the game will change and those who would drive prices in that nature will be branded destructive trolls before something like that would hapten.

So I wouldn't be surprised if CCP stepped in before enough damage could be done and put a crushing hammer down to stabalize the marketplace, player count and a key commodity supply and demand..

Think of it as having a currency not being backed up by gold or silver, compared to a currency that you could take to the bank and walk out with pure gold/silver/copper.

Obviously, every one by default wants the commodity driver currency instead of something similar to modern (severely corrupt) communism.

If eve was the only game in existence, then that might fly, player count is fought over, with advertisements and heavy investment into Dev paychecks so they can continue working on making the company more customers through quality.

and that, ladies and gentlemen, is what should be driving the value of ISK and PLEX, instead of the very few, greedy and corruption driven types.


I dont think the rich can influence the plex price, i just think plex will go up because it is valuable, if it happens I don't think accounts will close down, they just will move over to subscription again, like it was before, i hardly think the main driver of the game is that some can play it for free... i also would think that when prices go up the player themselfe bring the price down as they would buy plex for real money and sell it because they get more ISK for it
Vaerah Vahrokha
Vahrokh Consulting
#49 - 2013-05-29 22:19:43 UTC
Harry Forever wrote:

I dont think the rich can influence the plex price, i just think plex will go up because it is valuable, if it happens I don't think accounts will close down, they just will move over to subscription again, like it was before, i hardly think the main driver of the game is that some can play it for free... i also would think that when prices go up the player themselfe bring the price down as they would buy plex for real money and sell it because they get more ISK for it


It's a bit more complicate than this, and you have to notice how CCP has (rightly) put enormous importance on the velocity of money, on impact of large traders on that market and on a phenomenon that at CCP (rightly enough, *for their interests*) don't seem to like: the natural formation of heads and shoulders / double tops that most know as "speculation bubbles".

Regular people and CCP fear those natural market structures and will put dampeners on them for various reasons, including preventing temporary shocks in subscriptions numbers.

The others, instead, make a killing on them. Pirate
Harry Forever
Pandemic Horde Inc.
Pandemic Horde
#50 - 2013-05-30 08:09:23 UTC
Vaerah Vahrokha wrote:
Harry Forever wrote:

I dont think the rich can influence the plex price, i just think plex will go up because it is valuable, if it happens I don't think accounts will close down, they just will move over to subscription again, like it was before, i hardly think the main driver of the game is that some can play it for free... i also would think that when prices go up the player themselfe bring the price down as they would buy plex for real money and sell it because they get more ISK for it


It's a bit more complicate than this, and you have to notice how CCP has (rightly) put enormous importance on the velocity of money, on impact of large traders on that market and on a phenomenon that at CCP (rightly enough, *for their interests*) don't seem to like: the natural formation of heads and shoulders / double tops that most know as "speculation bubbles".

Regular people and CCP fear those natural market structures and will put dampeners on them for various reasons, including preventing temporary shocks in subscriptions numbers.

The others, instead, make a killing on them. Pirate


if they flood the market with cheap plex to bring the price down, they are creating the market crash because too many plex will be around nobody needs, intervention is always counter productive, you need to let the market find its way on his own, but its hard because you need to let go where else most people want to control things, but with control you can not holdup the unevitable
Ricard Chastot
Snake Eye Production
#51 - 2013-05-30 15:51:23 UTC
Harry Forever wrote:

if they flood the market with cheap plex to bring the price down, they are creating the market crash because too many plex will be around nobody needs, intervention is always counter productive, you need to let the market find its way on his own, but its hard because you need to let go where else most people want to control things, but with control you can not holdup the unevitable


CCP has already intervened once. https://forums.eveonline.com/default.aspx?g=posts&m=2483330

If the price spikes too high too fast, it's a good bet they'll do it again.

Hello ladies (and dudes pretending to be ladies)! Say hello to New Eden's 2nd hottest Intaki! It's me. You can say hello to me. Hi.

DarthNefarius
Minmatar Heavy Industries
#52 - 2013-05-31 02:30:13 UTC
Harry Forever wrote:
Bugsy VanHalen wrote:


yea i missunderstood Karas comment, I thought she was refering to the market intervention CCP did with plex from banned accounts, I just thought that will not happen often because CCP could also wait and let players buy plex with real money and sell them on the market instead of using plex from the banned accounts


CCP so far has only done 1 intervention... in that intervention though they sold a fifth of the banned PLEX ( 2000 out of 10,000)
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'
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