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Plex hits 1b ISK in Jita

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Brutus Utama
State War Academy
Caldari State
#101 - 2015-09-09 12:07:28 UTC
The price of plex is becoming too high i have had to unsub my miners as its not worth it i had them to make isk but with the increase of isk price for plex they barely pay for themselves and why would i spend so much time grinding just to have the accounts for show they dont provide me anything anymore just enough isk to buy the plex to keep that account going they make me no profit anymore...

i dont see the point in putting the little time i have into mining to get nothing out of it....except another month of grinding to get the same result.... i believe that is called insanity
Flynn Fetladral
Tempered Aggression
Seker Matar
#102 - 2015-09-09 12:40:46 UTC
The space rich get richer, the poor get space poorer. Last time I sold a PLEX the market value was around 360 million ISK but that was in a time when a Tengu cost well over a billion just for the hull.

Oh and we used a little officer mods. KIDDING! We used a lot of officers mods, A LOT! Because we don’t :censored: around in low-sec.

@flynnfetladral on #tweetfleet
Odie McCracken
Federal Navy Academy
Gallente Federation
#103 - 2015-09-09 12:48:54 UTC
I'm happy to see this, no damn grinding if I want isk :)
Anize Oramara
WarpTooZero
#104 - 2015-09-09 12:49:13 UTC
Considering there are multiple ways to make over 500mill a day playing casually, no, only the lazy get poorer.

Much like most of real life.

A guide (Google Doc) to Hi-Sec blitzing and breaking the 200mill ISK/H barrier v1.2.3
La Rynx
School of Applied Knowledge
Caldari State
#105 - 2015-09-09 13:16:06 UTC  |  Edited by: La Rynx
Hasikan Miallok wrote:
Rain6637 wrote:
Called a Giffen Good, see my sig.



That makes sense.


No it does not.
i read the source and googled more information.

"Giffen" describes rising demand with increasing price.
The giffen paradoxon happens to "inferior goods!" and other "details".

"If" there is something, then its market speculation.

Hope the frozen fan fiction is better...

And and the "10percent sales"...
Are still more expensive than the Plex prices from other legal resellers.
The wan't make any dent. Why should someone throw his PLEX on the market to lower the price?

Atomic Virulent : "You can't spell DOUCHE. without CODE."
Jenn aSide
Soul Machines
The Initiative.
#106 - 2015-09-09 13:24:46 UTC
Anize Oramara wrote:
Considering there are multiple ways to make over 500mill a day playing casually, no, only the lazy get poorer.

Much like most of real life.


Sadly, you hit the nail on the head. People complaining about PLEX prices are complaining because they are the types that 'grind' for plex to play for 'free' and are feeling a pinch because they have to grind more to plex. Most of them used to spend a little time at the end of a month, grind up a plex and forget about it for 30 days, now that's harder to do.

Most will not realize that it's their isk making methods and their expectations (read: feelings of entitlement fueled by their experiences with cheap plex in the past) that's the problem.

PLEX exists so that people who are actually good at using time to make isk can trade that to someone who either isn't that good at it, or who doesn't like having to make isk and just wants to play in usually non-profitiable but fun ways. But because it was so cheap, 'work-a-day' players saw it as something else: "An almost free ride". Now that is ending (as it should) and they don't like it.
Alavaria Fera
GoonWaffe
#107 - 2015-09-09 13:25:41 UTC
La Rynx wrote:
No it does not.
i read the source and googled more information.

Oh snap, that's quite a callout there. Lol

Triggered by: Wars of Sovless Agression, Bending the Knee, Twisting the Knife, Eating Sov Wheaties, Bombless Bombers, Fizzlesov, Interceptor Fleets, Running Away, GhostTime Vuln, Renters, Bombs, Bubbles ?
Jenn aSide
Soul Machines
The Initiative.
#108 - 2015-09-09 13:27:02 UTC
Brutus Utama wrote:
The price of plex is becoming too high i have had to unsub my miners as its not worth it i had them to make isk but with the increase of isk price for plex they barely pay for themselves and why would i spend so much time grinding just to have the accounts for show they dont provide me anything anymore just enough isk to buy the plex to keep that account going they make me no profit anymore...

i dont see the point in putting the little time i have into mining to get nothing out of it....except another month of grinding to get the same result.... i believe that is called insanity


The actual insanity was having mining characters that could both pay for themselves in temrs of game time AND provide you with a profit at the exact same time simply by mining.
La Rynx
School of Applied Knowledge
Caldari State
#109 - 2015-09-09 13:29:22 UTC
Jenn aSide wrote:
The actual insanity was having mining characters that could both pay for themselves in temrs of game time AND provide you with a profit at the exact same time simply by mining.


So since the is-boxer-abuse ban, everything is golden?

Atomic Virulent : "You can't spell DOUCHE. without CODE."
Alavaria Fera
GoonWaffe
#110 - 2015-09-09 13:34:34 UTC  |  Edited by: Alavaria Fera
La Rynx wrote:
So since the is-boxer-abuse ban, everything is golden?

The people who used a ton of accounts played a lot, certainly not playing the "i can barely plex myself" game.

People did argue they made plex more expensive, now they're greatly reduced in their multiboxing.... well...

Jenn aSide wrote:
The actual insanity was having mining characters that could both pay for themselves in temrs of game time AND provide you with a profit at the exact same time simply by mining.

I don't really know, we're still insane then as I'm pretty sure it is happening.

Indeed, relatively new characters in procurers are doing just this out in Pure Blind (check out Section 8 in Sell Orders subforum by the way)... I know since I've seen them. They are pretty cute (actual newbies, so many in one place....)

Triggered by: Wars of Sovless Agression, Bending the Knee, Twisting the Knife, Eating Sov Wheaties, Bombless Bombers, Fizzlesov, Interceptor Fleets, Running Away, GhostTime Vuln, Renters, Bombs, Bubbles ?
chelly Dian
Iron Whales
Goonswarm Federation
#111 - 2015-09-09 13:50:10 UTC
1bil for 30 days game time ?

Cheap.
Anize Oramara
WarpTooZero
#112 - 2015-09-09 13:56:15 UTC
chelly Dian wrote:
1bil for 30 days game time ?

Cheap.

I figure I'd probably call it quits if it takes me more than a week to make the isk, so around 2 to 3bill I guess at my current rate of making isk. I have a lot of games I spend real money on and currently the process of making the isk in game is still enjoyable for me. It'll just be one of those things, nothing worth getting salty over.

A guide (Google Doc) to Hi-Sec blitzing and breaking the 200mill ISK/H barrier v1.2.3
Alavaria Fera
GoonWaffe
#113 - 2015-09-09 14:05:04 UTC  |  Edited by: Alavaria Fera
I gotta take a hit of that Plex every 30 days or else I'm totally wrecked until I get some, you know how it is?

Time to get another plex... it would be troublesome to cut back on the accounts now...

Triggered by: Wars of Sovless Agression, Bending the Knee, Twisting the Knife, Eating Sov Wheaties, Bombless Bombers, Fizzlesov, Interceptor Fleets, Running Away, GhostTime Vuln, Renters, Bombs, Bubbles ?
Jenn aSide
Soul Machines
The Initiative.
#114 - 2015-09-09 14:34:33 UTC
Alavaria Fera wrote:
I gotta take a hit of that Plex every 30 days or else I'm totally wrecked until I get some, you know how it is?


A new picture of Alavaria Fera has been discovered!
Alavaria Fera
GoonWaffe
#115 - 2015-09-09 14:36:09 UTC
Jenn aSide wrote:
Alavaria Fera wrote:
I gotta take a hit of that Plex every 30 days or else I'm totally wrecked until I get some, you know how it is?


A new picture of Alavaria Fera has been discovered!

It's not free. "1b ISK in Jita"

Triggered by: Wars of Sovless Agression, Bending the Knee, Twisting the Knife, Eating Sov Wheaties, Bombless Bombers, Fizzlesov, Interceptor Fleets, Running Away, GhostTime Vuln, Renters, Bombs, Bubbles ?
Captain Awkward
Republic University
Minmatar Republic
#116 - 2015-09-09 14:39:12 UTC
Many say the value of a item is determined by supply and demand. Actually they usually forget a third factor. And that is the ammount of money that is in the ecconomy.

Its so easy to get ISK these days. The increased price reflects that, even when supply and demand stay the same.
Frostys Virpio
State War Academy
Caldari State
#117 - 2015-09-09 14:42:29 UTC
Brutus Utama wrote:
The price of plex is becoming too high i have had to unsub my miners as its not worth it i had them to make isk but with the increase of isk price for plex they barely pay for themselves and why would i spend so much time grinding just to have the accounts for show they dont provide me anything anymore just enough isk to buy the plex to keep that account going they make me no profit anymore...

i dont see the point in putting the little time i have into mining to get nothing out of it....except another month of grinding to get the same result.... i believe that is called insanity


Have you ever though about paying with real money for your subs and not having to grind a single ISK for your gametime?
Tosski
State War Academy
Caldari State
#118 - 2015-09-09 16:00:46 UTC
Frostys Virpio wrote:
Brutus Utama wrote:
The price of plex is becoming too high i have had to unsub my miners as its not worth it i had them to make isk but with the increase of isk price for plex they barely pay for themselves and why would i spend so much time grinding just to have the accounts for show they dont provide me anything anymore just enough isk to buy the plex to keep that account going they make me no profit anymore...

i dont see the point in putting the little time i have into mining to get nothing out of it....except another month of grinding to get the same result.... i believe that is called insanity


Have you ever though about paying with real money for your subs and not having to grind a single ISK for your gametime?



Most people pay for their subs via plex cause they don't have the real life money to pay for it. If not for plexes they wouldn't be able to play. As the economy keeps getting worse in many parts of the world, I can see the demand for plexes slowly go up. But on the other hand if prices of plex keep going up, will be more and more that will not be able to play cause they can't afford them. Yes its easy to make ISK, but also easier to lose it.

To me the answer is a big isk sink item, something like titans, but that most anyone can get, good item and costs billions upon billions of ISK, people need a reason to buy more plex to flood the market to get the prices to drop again.
Zifrian
The Frog Pond
Ribbit.
#119 - 2015-09-09 16:20:09 UTC
Jenn aSide wrote:
Anize Oramara wrote:
Considering there are multiple ways to make over 500mill a day playing casually, no, only the lazy get poorer.

Much like most of real life.


Sadly, you hit the nail on the head. People complaining about PLEX prices are complaining because they are the types that 'grind' for plex to play for 'free' and are feeling a pinch because they have to grind more to plex. Most of them used to spend a little time at the end of a month, grind up a plex and forget about it for 30 days, now that's harder to do.

Most will not realize that it's their isk making methods and their expectations (read: feelings of entitlement fueled by their experiences with cheap plex in the past) that's the problem.

PLEX exists so that people who are actually good at using time to make isk can trade that to someone who either isn't that good at it, or who doesn't like having to make isk and just wants to play in usually non-profitiable but fun ways. But because it was so cheap, 'work-a-day' players saw it as something else: "An almost free ride". Now that is ending (as it should) and they don't like it.

But this was the same argument when people complained that it was 500mil then 800mil...etc.

Something has changed and it's clearly causing inflation in the price. Maybe it's just due to a small number of traders buying mass amounts of a limited supply. After the isboxer ban, demand clearly dropped but now it seems to have gone back to the previous upward slope.

In any case, I'm not sure supply and demand will correct, what many see as an imbalance in price. Be nice to see some current plex stats like last years fanfest though. That's the only way to know if there is a problem that is affecting subs.

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Alavaria Fera
GoonWaffe
#120 - 2015-09-09 16:36:51 UTC
Zifrian wrote:
But this was the same argument when people complained that it was 500mil then 800mil...etc.

Something has changed and it's clearly causing inflation in the price.

I've seen similar things posted on EVEO when it was 500mil then 800mil...etc.

Triggered by: Wars of Sovless Agression, Bending the Knee, Twisting the Knife, Eating Sov Wheaties, Bombless Bombers, Fizzlesov, Interceptor Fleets, Running Away, GhostTime Vuln, Renters, Bombs, Bubbles ?