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Plex is in free fall - investors have lost faith to the bubble

Author
The Old Chap
Doomheim
#21 - 2011-12-03 13:54:12 UTC
Having never used one of those dodgy Plex things, I find this thread mildly amusing.

Look into my eyes...   and tighten that sphincter, kid.

Sader Rykane
Midnight Sentinels
#22 - 2011-12-03 13:58:17 UTC
Tanya Powers wrote:
Grey Stormshadow wrote:
Who has missed the train and ended up having hangar full of overpriced game time?

Lowest sell orders are below 409 already and some key regions have their buy orders below 385m

Expected rock bottom 350 - 380 inside week or two.

Seems like the end customers finally realized that they were being used as a tool.


They will prob hit the 250M or under with this plex offer and I think it's good.

Those "investors" that are nothing but speculators will loose isk, so what? -was their choice to buy and stock them, it's their loss and makes a lot of isk IG just go like poof.

It's good for the economy so it's good for the game.



You do realize their isk didn't disappear right?
J3ssica Alba
Federal Navy Academy
Gallente Federation
#23 - 2011-12-03 14:19:51 UTC
The Old Chap wrote:
Having never used one of those dodgy Plex things, I find this thread mildly amusing.


You don't know what you're missing
This is my signature. There are many others like it, but this one is mine.  Without me, my signature is useless. Without my signature, I am useless
Aamrr
#24 - 2011-12-03 14:30:32 UTC
Sader Rykane wrote:
Tanya Powers wrote:
Grey Stormshadow wrote:
Who has missed the train and ended up having hangar full of overpriced game time?

Lowest sell orders are below 409 already and some key regions have their buy orders below 385m

Expected rock bottom 350 - 380 inside week or two.

Seems like the end customers finally realized that they were being used as a tool.


They will prob hit the 250M or under with this plex offer and I think it's good.

Those "investors" that are nothing but speculators will loose isk, so what? -was their choice to buy and stock them, it's their loss and makes a lot of isk IG just go like poof.

It's good for the economy so it's good for the game.



You do realize their isk didn't disappear right?


except that market transactions have tax.
Demolishar
United Aggression
#25 - 2011-12-03 14:53:28 UTC
Looks like PLEX is going up fast again. Already +20M since yesterday in Jita.
Lil Nippy
State War Academy
Caldari State
#26 - 2011-12-03 16:09:08 UTC
I just started playing again after a 2 month break and when I left plexs were at 380m. I would NEVER pay 400m+ for a plex, I am not suprised that they are going back down. I remember when plexes would average at 280-320m.
Dinsdale Pirannha
Pirannha Corp
#27 - 2011-12-03 16:10:52 UTC
What blows me away was the speculators' ability to manipulate the market in the first place.
I for one had bought into the view that this was a fundamental shift in prices (thank goodness I only buy Plexes for gametime use).

The sheer amount of capital required to manipulate a market such as Plexes staggers me.
And the ability to trigger hysteria among so many people, very impressive. It takes a really co-ordinated effort to pull something off like this.

Wow, I say.
Akita T
Caldari Navy Volunteer Task Force
#28 - 2011-12-03 16:15:34 UTC
Demolishar wrote:
Looks like PLEX is going up fast again. Already +20M since yesterday in Jita.

When I looked yesterday, they were at around 430. Now they're around 415.
That's 15 less, not 20 more.
Are you telling me they were at around 395 some time later or earlier yesterday ?
Zifrian
The Frog Pond
Ribbit.
#29 - 2011-12-03 16:21:25 UTC
It's due to the discount plex sale. After December 6th, watch them go back up again in a few days.

I'm happy about this and just waiting till it bottoms out to buy a few for my accounts early this time. I always seem to need to renew my game time when plex is at its peak Evil

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Demolishar
United Aggression
#30 - 2011-12-03 16:23:17 UTC
Akita T wrote:
Demolishar wrote:
Looks like PLEX is going up fast again. Already +20M since yesterday in Jita.

When I looked yesterday, they were at around 430. Now they're around 415.
That's 15 less, not 20 more.
Are you telling me they were at around 395 some time later or earlier yesterday ?


Sells went as low as 401 yesterday.
Crystal Liche
ACME Mineral and Gas
#31 - 2011-12-03 16:24:31 UTC
I hope they keep droping, all it is is pay to win.

If someone spends $$ and gets a crappy isk return, perfect, more than perfect, lol pay to win got screwed.

This makes me happy.
Aoki Ayumi
project HAVEN
#32 - 2011-12-03 16:26:27 UTC
Chainsaw Plankton wrote:
350 for a plex is rock bottom!? and I remember when I could get a 90d for 300m <_<


This

PLEX inflaction is a six eyes monster
Cipher Jones
The Thomas Edwards Taco Tuesday All Stars
#33 - 2011-12-03 16:30:25 UTC
Wow, some people are really ******* dumb.

What happened was people had PLEX **stacked** BEFORE the run.

Then they sold them recently.

The price went down BECAUSE they flooded the market.

They bought the PLEX at <350 mil.

internet spaceships

are serious business sir.

and don't forget it

Laegor Stormborn
Ginnunga Industries
#34 - 2011-12-03 16:33:57 UTC
Plex are awesome. My accounts are paid until Feb 2014 with plex.
Kariel Lateef
Space Meanies Inc.
#35 - 2011-12-03 17:49:41 UTC
Soooo happy I sold mine at 500m.
Ariel Dawn
State War Academy
Caldari State
#36 - 2011-12-03 17:56:20 UTC
Laegor Stormborn wrote:
Plex are awesome. My accounts are paid until Feb 2014 with plex.


Account Expires: 12/22/2017 5:39:15 PM

Beat that! Bought an entire mess of 90 day GTCs when I had nothing to spend ISK back when they were 270m. Good decision on my part, hah!
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