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Plex hits 1b ISK in Jita

First post
Author
La Rynx
School of Applied Knowledge
Caldari State
#181 - 2015-09-11 12:46:16 UTC
Hasikan Miallok wrote:

You miss the point.

Forget all about "freeholding carebears versus awesome PvPers that pay real money to play".

I did not say anything like that.
I buy Plex and i play everything.
Mining, indu, own hauling, missions, ratting and PvP.

So you already start off the point.

Hasikan Miallok wrote:

What happens to the PLEX once those PLEX are sold in the game is irrelevant.

More specific: when the PLEX are redeemed into the game.

Hasikan Miallok wrote:

What is important is that every time buying ISK gets cheaper, people will need less real dollars to fund their PvP. In other words the more expensive a PLEX becomes the less income CCP are getting to pay for the game.

Funny conclusion.

Its even better:
If isk gets cheaper, ships and fits get cheaper.
Cheap stuff would be good for PvP since you do not loose expensive stuff. How can CCP get less for the game? The Plex was already sold?
Expensive PLEX and cheap ISK are good for CCP:
ppl wil risk more since all is cheaper.

Atomic Virulent : "You can't spell DOUCHE. without CODE."

Jeremiah Saken
The Fall of Leviathan
#182 - 2015-09-11 13:14:22 UTC
La Rynx wrote:
Its even better:
If isk gets cheaper, ships and fits get cheaper.
Cheap stuff would be good for PvP since you do not loose expensive stuff. How can CCP get less for the game? The Plex was already sold?
Expensive PLEX and cheap ISK are good for CCP:
ppl wil risk more since all is cheaper.

because you can buy more assets per 1 PLEX. So before ppl sell 1 PLEX per month, now will be selling 1 PLEX per two or three months. Less real cash for CCP.

"I am tormented with an everlasting itch for things remote. I love to sail forbidden seas..." - Herman Melville

flakeys
Doomheim
#183 - 2015-09-11 13:43:03 UTC
Frostys Virpio wrote:


If something is not worth it's price, why do they keep buying it?


They don't , that's exactly the point Roll.They do however complain how they are not able to play for free.

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

Zihao
Garoun Investment Bank
Gallente Federation
#184 - 2015-09-11 14:06:24 UTC
Jeremiah Saken wrote:
La Rynx wrote:
Its even better:
If isk gets cheaper, ships and fits get cheaper.
Cheap stuff would be good for PvP since you do not loose expensive stuff. How can CCP get less for the game? The Plex was already sold?
Expensive PLEX and cheap ISK are good for CCP:
ppl wil risk more since all is cheaper.

because you can buy more assets per 1 PLEX. So before ppl sell 1 PLEX per month, now will be selling 1 PLEX per two or three months. Less real cash for CCP.


There is not a fixed pool of isk or players selling PLEX, so no.
Market McSelling Alt
Doomheim
#185 - 2015-09-11 14:56:47 UTC
Zihao wrote:
Jeremiah Saken wrote:
La Rynx wrote:
Its even better:
If isk gets cheaper, ships and fits get cheaper.
Cheap stuff would be good for PvP since you do not loose expensive stuff. How can CCP get less for the game? The Plex was already sold?
Expensive PLEX and cheap ISK are good for CCP:
ppl wil risk more since all is cheaper.

because you can buy more assets per 1 PLEX. So before ppl sell 1 PLEX per month, now will be selling 1 PLEX per two or three months. Less real cash for CCP.


There is not a fixed pool of isk or players selling PLEX, so no.



So yes...

As long as the general trend of prices of all non-plex items is deflationary, the rising price of Plex has a compounding effect on itself in that people need to sell less of them to do what they want in the game... where as the people buying plex need to do more in game to gather the isk to buy.

Again, it is a Hurricane effect.

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.

Johnny Riko
The Scope
Gallente Federation
#186 - 2015-09-11 17:20:16 UTC
Market McSelling Alt wrote:
Zihao wrote:
Jeremiah Saken wrote:
La Rynx wrote:
Its even better:
If isk gets cheaper, ships and fits get cheaper.
Cheap stuff would be good for PvP since you do not loose expensive stuff. How can CCP get less for the game? The Plex was already sold?
Expensive PLEX and cheap ISK are good for CCP:
ppl wil risk more since all is cheaper.

because you can buy more assets per 1 PLEX. So before ppl sell 1 PLEX per month, now will be selling 1 PLEX per two or three months. Less real cash for CCP.


There is not a fixed pool of isk or players selling PLEX, so no.



So yes...

As long as the general trend of prices of all non-plex items is deflationary, the rising price of Plex has a compounding effect on itself in that people need to sell less of them to do what they want in the game... where as the people buying plex need to do more in game to gather the isk to buy.

Again, it is a Hurricane effect.



I think what is implying is that as the ISK value of a PLEX increases, more people will consider buying one to sell in game for ISK to fund their activities/give themselves an ISK injection. Which is correct.

Unless CCP publish numbers on the amount of PLEX bought with cash and the number of PLEX redeemed in game for game time, we will never actually understand the ISK value increase. It is as simple as that.

I wanna join up. I think I got what it takes to be a Citizen.

Zihao
Garoun Investment Bank
Gallente Federation
#187 - 2015-09-11 23:13:05 UTC
Johnny Riko wrote:

I think what is implying is that as the ISK value of a PLEX increases, more people will consider buying one to sell in game for ISK to fund their activities/give themselves an ISK injection. Which is correct.


Precisely.
Rain6637
NulzSec
#188 - 2015-09-12 01:25:44 UTC
La Rynx
School of Applied Knowledge
Caldari State
#189 - 2015-09-12 01:38:43 UTC
Jeremiah Saken wrote:
La Rynx wrote:
Its even better:
If isk gets cheaper, ships and fits get cheaper.
Cheap stuff would be good for PvP since you do not loose expensive stuff. How can CCP get less for the game? The Plex was already sold?
Expensive PLEX and cheap ISK are good for CCP:
ppl wil risk more since all is cheaper.

because you can buy more assets per 1 PLEX. So before ppl sell 1 PLEX per month, now will be selling 1 PLEX per two or three months. Less real cash for CCP.


P
as i already wrote:
cheaper isk gets your ships cheaper.
you care less for ships that you can easily replace, so you take em out and get more kills and get more killed.
Still one plex a month but 2 as much titans / svipuls / whatever killed

Atomic Virulent : "You can't spell DOUCHE. without CODE."

Market McSelling Alt
Doomheim
#190 - 2015-09-12 01:59:20 UTC
Johnny Riko wrote:
Market McSelling Alt wrote:
Zihao wrote:
Jeremiah Saken wrote:
La Rynx wrote:
Its even better:
If isk gets cheaper, ships and fits get cheaper.
Cheap stuff would be good for PvP since you do not loose expensive stuff. How can CCP get less for the game? The Plex was already sold?
Expensive PLEX and cheap ISK are good for CCP:
ppl wil risk more since all is cheaper.

because you can buy more assets per 1 PLEX. So before ppl sell 1 PLEX per month, now will be selling 1 PLEX per two or three months. Less real cash for CCP.


There is not a fixed pool of isk or players selling PLEX, so no.



So yes...

As long as the general trend of prices of all non-plex items is deflationary, the rising price of Plex has a compounding effect on itself in that people need to sell less of them to do what they want in the game... where as the people buying plex need to do more in game to gather the isk to buy.

Again, it is a Hurricane effect.



I think what is implying is that as the ISK value of a PLEX increases, more people will consider buying one to sell in game for ISK to fund their activities/give themselves an ISK injection. Which is correct.

Unless CCP publish numbers on the amount of PLEX bought with cash and the number of PLEX redeemed in game for game time, we will never actually understand the ISK value increase. It is as simple as that.


The velocity (Market term for volume bought and finally used) has been decreasing for a long time. 2014 fanfest the reporting was velocity was falling as fast as the price was increasing, which is why CCP injected the market with Plex from banned accounts.

So no, people aren't buying more plex to sell to inject isk just because the price is going up. In fact market volume is way down on Plex and there is even less of it on the market this week than last, and the week before.

Plex is drying up. Like I said, If I need 1bil isk a month to fund my pvp, now I only have to sell 1 plex instead of 2. The guy buying my one has to grind twice as hard to buy it. It is a cycle.

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.

Zihao
Garoun Investment Bank
Gallente Federation
#191 - 2015-09-12 02:46:41 UTC
Market McSelling Alt wrote:

In fact market volume is way down on Plex and there is even less of it on the market this week than last, and the week before.


Source?

Webvan
All Kill No Skill
#192 - 2015-09-12 05:14:42 UTC  |  Edited by: Webvan
Zihao wrote:
Market McSelling Alt wrote:

In fact market volume is way down on Plex and there is even less of it on the market this week than last, and the week before.


Source?


At least for Jita, looks like two on the market for every one sold. A lot more being sold the past couple weeks as well (oh no! EVE isn't dying??!?). Certainly there is no shortage of PLEX in item hangers, since CCP did state last year at fanfest that on avg a PLEX gets traded 2 or 3 times before being used. So, people buy it off the market and sit on it for a while as they wait for prices to go up enough. Yes, the "not enough exists" argument is totally bogus and neophyte EVE market understanding. The only reason it's selling at 1.19b right now and rising, is because traders want it to go up. It's an easy bet, really, compared to faster ISK trading other things that can also lose.


Market McSelling Alt wrote:
the rising price of Plex has a compounding effect on itself in that people need to sell less of them to do what they want in the game...

We talking the same game here?? Where players hoard so must stuff they post thread topics asking what is the best system of indexing to keep track of it all? That EVE?? Shocked

I'm in it for the money

Ctrl+Alt+Shift+F12

NeoShocker
The Dark Space Initiative
Scary Wormhole People
#193 - 2015-09-12 05:21:02 UTC
It was long overdue. I was expecting plex card to reach 1b by new years. :s Instead, quite almost a year later towards 2016.
SuperM8
Viziam
Amarr Empire
#194 - 2015-09-15 14:00:21 UTC
1.2+bil today... will it ever stop rising?
Frostys Virpio
KarmaFleet
Goonswarm Federation
#195 - 2015-09-15 14:51:37 UTC
SuperM8 wrote:
1.2+bil today... will it ever stop rising?


Probably not and there is nothing wrong with that.
Markus Reese
Deep Core Mining Inc.
Caldari State
#196 - 2015-09-15 15:48:01 UTC
Frostys Virpio wrote:
SuperM8 wrote:
1.2+bil today... will it ever stop rising?


Probably not and there is nothing wrong with that.


I have been tempted to buy a plex and sell it to market actually.

To quote Lfod Shi

The ratting itself is PvE. Getting away with it is PvP.

Marcus Tedric
Zebra Corp
Goonswarm Federation
#197 - 2015-09-15 15:54:03 UTC
Frostys Virpio wrote:
SuperM8 wrote:
1.2+bil today... will it ever stop rising?


Probably not and there is nothing wrong with that.


No & Correct

EVE is a nice simple example of an economy with rampant inflation caused by 'printing money' - the only real way that that would come under control is when Rat bounties (sic) get reduced and, particularly, Incursion income drops dramatically.

Ships (for Minerals will), Modules (those that are made, not dropped), Ice and PLEX will continue to increase. The first 3 affected by how many are actually destroyed too.

Don't soil your panties, you guys made a good point, we'll look at the numbers again. - CCP Ytterbium

Ruskarn Andedare
Lion Investments
#198 - 2015-09-15 16:14:15 UTC
Markus Reese wrote:
Frostys Virpio wrote:
SuperM8 wrote:
1.2+bil today... will it ever stop rising?


Probably not and there is nothing wrong with that.


I have been tempted to buy a plex and sell it to market actually.

That's my kind of plan tbh
Bagrat Skalski
Koinuun Kotei
#199 - 2015-09-15 16:20:26 UTC  |  Edited by: Bagrat Skalski
Markus Reese wrote:
Frostys Virpio wrote:
SuperM8 wrote:
1.2+bil today... will it ever stop rising?


Probably not and there is nothing wrong with that.


I have been tempted to buy a plex and sell it to market actually.


What holds you?

You need that ISK right? Or maybe ISK not really equals fun?

Or maybe making that ISK yourself would feel like fun? What is your goal?

I never sold even one PLEX on market, I bought a lot of them.

Ever thought about situation when you can make enough ISK in one day to buy yourself a PLEX the same day? What really counts for you then? I had do ask myself that question many times.
Erin Crawford
#200 - 2015-09-15 16:49:49 UTC
I suppose players trying to sell PLEX for just above the going rate might taken them off market only to put in back on market for a much higher selling point, in order to gain even more, also adds to the sudden overall price increase.

"Those who talk don’t know. Those who know don’t talk. "