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Plex hits 1b ISK in Jita

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Frostys Virpio
State War Academy
Caldari State
#121 - 2015-09-09 17:05:01 UTC
Tosski wrote:
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.


If you can't spend 15$ a month on your entertainment, you should have more important stuff on your mind than the price of PLEX.
lilol' me
Comply Or Die
Pandemic Horde
#122 - 2015-09-09 17:30:41 UTC
I get confused with these posts. what IS the right price for PLEX?

How do you know you wasn't getting it dirt cheap when it was 700mill? Maybe 1 billion is the right price or actually maybe its still too cheap.

How are you deciding what is the right value for a PLEX anyway
Bagrat Skalski
Koinuun Kotei
#123 - 2015-09-09 17:35:56 UTC
The curve is starting to look somewhat logarithmic. Whatever that means.... Cool

Custom ship skins, character creator style "repaint". Bring it!
Seven Koskanaiken
Shadow Legions.
Insidious.
#124 - 2015-09-09 17:45:03 UTC
Alavaria Fera wrote:
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.


"it's a bubble".
Frostys Virpio
State War Academy
Caldari State
#125 - 2015-09-09 17:47:35 UTC
lilol' me wrote:
I get confused with these posts. what IS the right price for PLEX?

How do you know you wasn't getting it dirt cheap when it was 700mill? Maybe 1 billion is the right price or actually maybe its still too cheap.

How are you deciding what is the right value for a PLEX anyway


The very same way everybody evaluate prices of everything. It's always too much unless they are the one selling it. Then it's grossly underpriced.
Vincent Athena
Photosynth
#126 - 2015-09-09 18:17:30 UTC
lilol' me wrote:
I get confused with these posts. what IS the right price for PLEX?

How do you know you wasn't getting it dirt cheap when it was 700mill? Maybe 1 billion is the right price or actually maybe its still too cheap.

How are you deciding what is the right value for a PLEX anyway

Here are two other answers:

1) Whatever makes CCP the most money. Too low, and people will not buy them, as its not worth it. Too high, and people will buy them, but will not need to buy many to get what they want. In between, CCP makes the most money. The PLEX trade volume at Jita peaked when the PLEX was 500 million.

2) Whatever controls RMT the best.

Know a Frozen fan? Check this out

Frozen fanfiction
Feyd Rautha Harkonnen
Doomheim
#127 - 2015-09-09 20:27:20 UTC
Poor:
How am I gonna PLEX my sub to keep playing for free now?

Not Poor:
Hnnnnnghhhhh.....I am so freaking hard right now thinking about how much ISK I will get the next time I buy a 6-pack of PLEX.

F

Would you like to know more?
Konnore
Sons of Zeus.
The Initiative.
#128 - 2015-09-09 20:51:38 UTC
Feyd Rautha Harkonnen wrote:
Poor:
How am I gonna PLEX my sub to keep playing for free now?

Not Poor:
Hnnnnnghhhhh.....I am so freaking hard right now thinking about how much ISK I will get the next time I buy a 6-pack of PLEX.

F



and to whom exactly the rich will sell the plex?
Dan Seavey Allier
Seavy Acquisitions
#129 - 2015-09-09 21:15:17 UTC
Konnore wrote:
Feyd Rautha Harkonnen wrote:
Poor:
How am I gonna PLEX my sub to keep playing for free now?

Not Poor:
Hnnnnnghhhhh.....I am so freaking hard right now thinking about how much ISK I will get the next time I buy a 6-pack of PLEX.

F



and to whom exactly the rich will sell the plex?



Well, at the moment, all those fools in Jita offering a billion isk for less money I tip my dry cleaner every 2 weeks.

Dan




Honey Never Sleeps. - John Russell
Alavaria Fera
GoonWaffe
#130 - 2015-09-09 22:04:49 UTC
Well someone is looking forward to the 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 ?
Konnore
Sons of Zeus.
The Initiative.
#131 - 2015-09-09 22:50:21 UTC
The PLEX was the best idea came out in my whole gaming history...

It holds the inner and the outter game economy in a balance.

It helps poor guys who live in poor countries by giving play time to buy the next month. (Like Greece, I live.)
It also helps rich guys in rich countries who likes to give less time for in-game money making.

But I still believe that EVE Online is a very expensive game


I have 2 accounts and I need to pay monthly 28 euros. (imagine that in Greece right now the basic salary is 23 euros per day)


Shocked


I'm rich in EVE and I can afford PLEX for 2 accounts even if it goes up to 3bil each, but many of my Corp mates thinking of shutting down their secondary and tertiary accounts. (some of them quit it already)


The question is CCP likes more money per account and less accounts or less money per acc with more accounts..!



Sorry for holding you that much.
Martin Corwin
Doomheim
#132 - 2015-09-09 23:57:22 UTC
Tippia wrote:
Also, can we get the difference between “less” and “fewer” right, please?

Not everyone is a native speaker. Get that stick out of your arse.
Aaron
Eternal Frontier
#133 - 2015-09-10 01:04:54 UTC
Mr Epeen wrote:
DaReaper wrote:


It really is not hat hard to make 1b isk.


That's the problem right there, in my opinion.

Remember when a million was huge? I do.

I was over the moon when my wallet hit 100m. And I earned it. I didn't buy it from CCP.

Then came PLEX. CCP's answer to attracting all those millennials coming of age into the game. Now a billion is nothing. I feel barely adequate with my current worth of around 140b.

What a failed experiment PLEX turned out to be for actual gamers. Great for CCP, though, so it's here to stay. Unfortunately.

Mr Epeen Cool


You have a short memory. Plex was never an experiment, it was a way of stopping 3rd parties from setting up real life businesses that hired people to grind for isk which was sold to Eve players. Plex has stopped this practice, 100% success.

I would say we should prepare ourselves for more people leaving as it looks as if we will see plex prices rise as the sellers get greedy. This will cause the plex users to feel like eve has become a second job and de-sub. Plex will be worth nothing soon simply because there will be no one left to buy it.

Too many of us never acknowledge that it is partly us that make the game what it is. Yes I've read all the posts about 6-15 minutes grinding per day, I also know there are ways to make 1b easy.

CCP need to look at this issue further, perhaps if they lowered the price to the actual cost of the monthly sub and then split that with their vendors they would still make some money. This needs to be looked at urgently before we lose another few thousand players. Clever customer relations need to be applied here and the long term gain needs to be considered, I'm sorry but HTFU or I killed you won't work here, Finance is limited in RL for some of the folk who love Eve, At this point we can ill afford to turn our backs on them and tell them they shouldn't be playing if they can't afford the sub, I think they'll actually leave and we will be back here chatting **** as to why the numbers have dropped again and completely missing the real reasons why.

Please, Please, Please, CCP sort out the PLEX and contribute to Eve running for another 12 years. I obviously dont know what your outgoing costs are so I maybe wrong, I can imagine CCP has to pay some hefty bills themselves.




Fear no one, live life, be free, accept the truth, do not judge others, defend yourself, fight hard till the end, meditate on problems and be prosperous. Things to exist by. -- RAIN Arthie
Hasikan Miallok
Republic University
Minmatar Republic
#134 - 2015-09-10 01:59:09 UTC
La Rynx wrote:
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?


Regardless of what it is called, the fact is higher prices for PLEX mean less are offered for sale.

People sell just enough PLEX in game to cover their current costs. They do not randomly decide "oh PLEX are getting a billion ISK now I cash in a stack and buy that Revenant I always wanted" - they sell the number of PLEX needed to cover their current ISK requirements.
Tesal
#135 - 2015-09-10 02:39:16 UTC
The higher the price of PLEX, the fewer need to be made. It cost 2 PLEX to buy a carrier awhile back, now it costs one PLEX to buy a carrier. Fewer PLEX means higher prices. There are other factors in the price of PLEX, but I think that is what is driving the price upward. It isn't a PLEX bubble, it is here to stay.

PLEX is cheap right now. I expect it to go much higher, double what it is now. Maybe even higher. When that happens it is going to affect the prices of everything that players grind for ISK, and lead to general inflation on everything. For example, mining veldspar won't pay the PLEX bill so the miner will unsub leading to higher veldspar prices. Any Alt driven economic endeavor suffer in this market.
Ultim8Evil
Exit-Strategy
Minmatar Fleet Alliance
#136 - 2015-09-10 03:12:54 UTC
I don't feel that £90 per year for thousands of hours of game time is all that expensive.

People complaining about PLEX prices need to stop being poor IRL, splash a bit of cash, then never worry about PLEX ever again.

Then you can spend time enjoying the game, rather than worrying about carebearing enough to pay for next months carebearing.

Follow me on Twitter for literally no good reason @TheUltim8Evil
Alavaria Fera
GoonWaffe
#137 - 2015-09-10 04:11:00 UTC
Hasikan Miallok wrote:
Regardless of what it is called, the fact is higher prices for PLEX mean less are offered for sale.

People sell just enough PLEX in game to cover their current costs. They do not randomly decide "oh PLEX are getting a billion ISK now I cash in a stack and buy that Revenant I always wanted" - they sell the number of PLEX needed to cover their current ISK requirements.

So as long as the "ISK requirements" are also rising because of higher prices for everything else, we're good... hmm that's one way to go about it... start ganking more so everything becomes harder to get.

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 ?
Market McSelling Alt
Doomheim
#138 - 2015-09-10 04:45:28 UTC
Alavaria Fera wrote:
Hasikan Miallok wrote:
Regardless of what it is called, the fact is higher prices for PLEX mean less are offered for sale.

People sell just enough PLEX in game to cover their current costs. They do not randomly decide "oh PLEX are getting a billion ISK now I cash in a stack and buy that Revenant I always wanted" - they sell the number of PLEX needed to cover their current ISK requirements.

So as long as the "ISK requirements" are also rising because of higher prices for everything else, we're good... hmm that's one way to go about it... start ganking more so everything becomes harder to get.



But costs aren't rising, they are falling and have been.

Eve has been deflationary for a while now. Which means people need less Plex to buy in game assets, which means the price of Plex goes up in game.... that in turn means less Plex needs to be sold to get isk.

It is a self fulfilling prophecy now. Prices of non-plex stuff is dropping, Plex prices are increasing. Plex sellers have to buy less to get the same utility, and plex buyers have to work harder to get the isk to buy the plex.

Toilet Bowl in reverse. Hurricane

CCP Quant: Of all those who logon in Eve, 1.5% do Incursions, 13.8% PVP and 19.2% run Missions while 22.4% mine.

40.7% Join a fleet. The idea that Eve is a PVP game is false, the social fabric is in Missions and Mining.
Daniela Doran
Doomheim
#139 - 2015-09-10 08:32:34 UTC
This is getting ridiculous. I just spent 7.2 Bill isk to buy 6 plexes. If plex prices reach the 2 bill isk mark by the time I need to resub again, then I may have to turn away from this game.
flakeys
Doomheim
#140 - 2015-09-10 10:42:43 UTC
Feyd Rautha Harkonnen wrote:
Poor:
How am I gonna PLEX my sub to keep playing for free now?

Not Poor:
Hnnnnnghhhhh.....I am so freaking hard right now thinking about how much ISK I will get the next time I buy a 6-pack of PLEX.

F



More like :



Miner:

Argh plex is so high i can't sub for free what am i to do there is no other way to make easy isk.

Trader:

Mmmm plex gone up a bit more , meh i'll just buy plex for 3 years to sub in one go , might be cheaper in the end or not who cares anyway .

We are all born ignorant, but one must work hard to remain stupid.