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Is PLEX crashing?
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Steve Celeste
Doomheim
#41 - 2014-07-20 08:20:28 UTC
Amarr Citizen 1312151005 wrote:
Nemah Xadi wrote:


This is why the "bubble" can keep inflating indefinitely.

Right until is burst. People invested to much into plex now they are trying to undermine the fact that there is a bubble and it can and will burst.


If people "invested too much" they can just sell some plex.
You can have a trillion in plex and turn it into ISK in a week without crashing the market. That's just another advantage of putting your spare ISK into plex.

But please do keep shouting BUBBLE from the sidelines if you like stagnating wealth.
Swidgen
Republic University
Minmatar Republic
#42 - 2014-07-20 09:43:26 UTC
Vaerah Vahrokha wrote:
They themselves are after something else which is not money but power by proxy (which later also allows to get money).

Power comes after money unless you live in some backwater 3rd world dump. First you get the money. Then you get the power. Then you get the women. Tony Montana: head and shoulders above the rest and telling it like it is since 1983.
Vaerah Vahrokha
Vahrokh Consulting
#43 - 2014-07-20 10:28:47 UTC  |  Edited by: Vaerah Vahrokha
Swidgen wrote:
Vaerah Vahrokha wrote:
They themselves are after something else which is not money but power by proxy (which later also allows to get money).

Power comes after money unless you live in some backwater 3rd world dump. First you get the money. Then you get the power. Then you get the women. Tony Montana: head and shoulders above the rest and telling it like it is since 1983.


It depends on country. In my old one, people would all go into politics FIRST, then boast of their high connections and slowly "bubble up" in society till they become important enough to start becoming visible. Once visible they accept lots of money to steer government decisions (aka corruption, but there it's the way things go).

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Erin Crawford
#44 - 2014-07-20 12:17:01 UTC
going slightly to; but I would go so far to say that in todays world wealth buys information and information provides access to more wealth which in turn provides power/influence. Power/influence then again opens doors to even more information which again leads to more wealth and so on...

wealth - information - power... repeat...

"Those who talk don’t know. Those who know don’t talk. "
TedStriker
The Scope
Gallente Federation
#45 - 2014-07-20 14:34:52 UTC  |  Edited by: TedStriker
Plex crashing? Its up 80Mil in June alone....a small dip of 20mil for 1 day is nothing.

Call me when we are back at 500Mil, you know, when you guys (its always the same ones) cryed for the crash...because it has to happen somday right?...blub.
Learn what PLEX is and you will understand why it moves diametrically to the market (the market is nearly deflating right now, PLEX heavely inflating...thats a hint).
Lebraid Leusten
Doomheim
#46 - 2014-07-20 18:35:19 UTC
Erin Crawford wrote:
going slightly to; but I would go so far to say that in todays world wealth buys information and information provides access to more wealth which in turn provides power/influence. Power/influence then again opens doors to even more information which again leads to more wealth and so on...

wealth - information - power... repeat...



Political power is the only means to get wealth in a fascist system like Europe and the united states.
Nemah Xadi
Hedion University
Amarr Empire
#47 - 2014-07-20 19:43:55 UTC
Lebraid Leusten wrote:
Political power is the only means to get wealth in a fascist system like Europe and the united states.


Yeah, everyone knows Bill Gates and Steve Jobs' best qualities were their social skills.

Save Nemah!
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#48 - 2014-07-21 11:10:50 UTC
I don't think it will ever crash. It will consistently raising to a point where demand and supply will be in balance. And currently, where businessmen earns several plex worth of isk per day, demand is much bigger.

When it get's to a point, when the ISK grinders can't afford that 50-60 or more game hours to farm out it, and just buy with real money, then demand will start to fall a bit, but price won't crash, just stay at a constant level.

That level in my opinion will be more than 2.000.000.000 isk for sure.


Please tell me that I am wrong, but in that case also tell an explanation too.

Looking for uncollateralized and collateralized loans.
Zappity
New Eden Tank Testing Services
#49 - 2014-07-21 11:45:40 UTC
Kuri Kurvora wrote:
Please tell me that I am wrong, but in that case also tell an explanation too.

OK. The increased demand you correctly speak of is not based on any fundamental change in plex usage. It is not based on inflation because the economy actually deflated over the last year. It is not, to any meaningful extent, based on the plex for [service] features CCP offers. The fanfest economy presentation made this clear.

The increased demand is driven by speculation. This is not 'real' demand. There was similar demand for tulips once upon a time. And dot com shares.

I believe that plex will eventually reach well over a billion. It might even reach it in the current surge. But I doubt it will be sustained in the current surge because the demand is not based on a fundamental increase in the value of a plex.

Zappity's Adventures for a taste of lowsec and nullsec.
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