These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

EVE General Discussion

 
  • Topic is locked indefinitely.
 

Plex hits 1b ISK in Jita

First post
Author
Anne Dieu-le-veut
Natl Assn for the Advancement of Criminal People
#341 - 2015-09-17 22:27:48 UTC  |  Edited by: Anne Dieu-le-veut
Aaron wrote:
Edit: My petition thread was quickly trolled and locked. Why can't we be sensible about a serious issue? I think I got 2 signatures, i know this does not represent the real opinions of the players. The moderators and the people who responded didn't seem to get that it was a petition thread. All that was required was a signature or no signature, the effect of this is that CCP will not know how many people agree with reducing RL cost of plex.

Good luck anyway CCP you have a great game here and I wish you the best in dealing with this recession. o7


Unless they changed it recently, petition threads are a no-no. It got locked because people flagged for violating the rules.

Aaron wrote:
La Rynx wrote:
Aaron wrote:
If plex users are finding it hard then this must be listened to.

Ever considered that i have to work to earn the money that i pay for plex?

I find it somehow strange if one says he likes EvE but he will stop if he can not play for free.


Yes, the RL cost should be lowered to benefit you which I think will guarantee you more long term sales due to there being more people in game.


Suppose they lower the cost to be the same as a sub...do you think PLEX prices will magically drop?
Aaron
Eternal Frontier
#342 - 2015-09-17 22:31:01 UTC
Scipio Artelius wrote:
Aaron wrote:
Here we go, someone is paying attention. This is refreshing.

Lot's of people have been paying attention to what you've been say Aaron. Just a lot disagree with the causation that you are pushing.



I meant paying attention to whats happening with ccp/Eve, Wow, you still see what plex users have said as irrelevant. You can't even see that its not really me pushing, My views are based on other peoples (plex users) gripes.

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

La Rynx
School of Applied Knowledge
Caldari State
#343 - 2015-09-17 22:33:02 UTC  |  Edited by: La Rynx
Aaron wrote:
La Rynx wrote:
Aaron wrote:
If plex users are finding it hard then this must be listened to.

Ever considered that i have to work to earn the money that i pay for plex?

I find it somehow strange if one says he likes EvE but he will stop if he can not play for free.


Yes, the RL cost should be lowered to benefit you which I think will guarantee you more long term sales due to there being more people in game.



I did not say anything you could agree with "yes".
Same as "i like EvE but if i can not play it for free i wan't play" is "i like EvE but if i can not play it for 99Cent i wan't play"

EDIT
I am a slow learner, but isk value decreased, cause they are not so hard to earn if you know what you are doing.
Right now i start with stable income and i am curious how far it goes.

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

Scipio Artelius
Weaponised Vegemite
Flying Dangerous
#344 - 2015-09-17 22:37:02 UTC  |  Edited by: Scipio Artelius
Aaron wrote:
I meant paying attention to whats happening with ccp/Eve, Wow, you still see what plex users have said as irrelevant. You can't even see that its not really me pushing, My views are based on other peoples (plex users) gripes.

No, I don't see what PLEX users say is irrelevant. Everyone's opinion, no matter who's it is or what point it is, is as valid as anyone else's.

I just see it as a personal experience and not necessarily representative of the broader communities view on the whole, simply because there hasn't been enough consistency in view that makes a representative sample.

Show me the single consistent argument stated over and over and over, by a representative sample of the playerbase. So far, you haven't shown that in any way at all.

The only thing has been "well I've listened and therefore it is true". I've also listened and don't see the same thing you see. There is no consistency in the argument and a lot of is it whining from a few, certainly not enough numbers that has any statistical significance.
Aaron
Eternal Frontier
#345 - 2015-09-17 22:38:06 UTC
Anne Dieu-le-veut wrote:
Aaron wrote:
Edit: My petition thread was quickly trolled and locked. Why can't we be sensible about a serious issue? I think I got 2 signatures, i know this does not represent the real opinions of the players. The moderators and the people who responded didn't seem to get that it was a petition thread. All that was required was a signature or no signature, the effect of this is that CCP will not know how many people agree with reducing RL cost of plex.

Good luck anyway CCP you have a great game here and I wish you the best in dealing with this recession. o7


Unless they changed it recently, petition threads are a no-no. It got locked because people flagged for violating the rules.

Aaron wrote:
La Rynx wrote:
Aaron wrote:
If plex users are finding it hard then this must be listened to.

Ever considered that i have to work to earn the money that i pay for plex?

I find it somehow strange if one says he likes EvE but he will stop if he can not play for free.


Yes, the RL cost should be lowered to benefit you which I think will guarantee you more long term sales due to there being more people in game.


Suppose they lower the cost to be the same as a sub...do you think PLEX prices will magically drop?


no plex price won't magically drop, the people who brought plex off the market for investment will want to get their isk back or at least make some profit, these guys will keep the price high for as long as possible.

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

Market McSelling Alt
Doomheim
#346 - 2015-09-17 22:40:36 UTC
Scipio Artelius wrote:
Aaron wrote:
I meant paying attention to whats happening with ccp/Eve, Wow, you still see what plex users have said as irrelevant. You can't even see that its not really me pushing, My views are based on other peoples (plex users) gripes.

No, I don't see what PLEX users say is irrelevant.

I just see it as a personal experience and not necessarily representative of the broader communities view on the whole, simply because there hasn't been enough consistency in view that makes a representative sample.

Show me the single consistent argument stated over and over and over, by a representative sample of the playerbase. So far, you haven't shown that in any way at all.

The only thing has been "well I've listened and therefore it is true". I've also listened and don't see the same thing you see. There is no consistency in the argument and a lot of is it whining from a few, certainly not enough numbers that has any statistical significance.



It is a system pretty similar to that of the Labor Unions and Auto-Companies. Labor always wants more money and benefits, Car Companies want to pay less to make more profit on cars.

Car Companies need labor to make the cars so they are a necessary evil. Labor needs the Car Company to be able to sell cars so they can get work and wages. It is a system of balance.

I guess some are calling for the balance to be looked into. But I don't know where the correct equilibrium should be.

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.

Anne Dieu-le-veut
Natl Assn for the Advancement of Criminal People
#347 - 2015-09-17 22:42:49 UTC
Econ 101: Something is worth whatever someone else is willing to pay for it. There are enough people willing to pay 1.2B ISK for a PLEX at this time that the price will keep going up. The only way PLEX will go down is if people stop buying. Lowering the IRL price of PLEX won't change that.
Scipio Artelius
Weaponised Vegemite
Flying Dangerous
#348 - 2015-09-17 22:44:00 UTC  |  Edited by: Scipio Artelius
Market McSelling Alt wrote:
I guess some are calling for the balance to be looked into. But I don't know where the correct equilibrium should be.

This exactly for me too and I totally agree with your post.

That's what Aaron hasn't understood from those that haven't agreed with the view he has pushed the last couple of days.

I don't personally have anything against his view, I just don't see the logic that supports it currently. Happy to support his view if the logic is provided as well, but so far it just isn't there.
La Rynx
School of Applied Knowledge
Caldari State
#349 - 2015-09-17 22:45:01 UTC
Aaron wrote:

no plex price won't magically drop, the people who brought plex off the market for investment will want to get their isk back or at least make some profit, these guys will keep the price high for as long as possible.


No surprise there.
You can invest in PLEX since the price rises for years now.
From 300mil to 1.2Bil now.

If the EvE population drops to far, the market for PLEX will implode.
Still, if my income continues to rise, i will invest in PLEX too.

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

Aaron
Eternal Frontier
#350 - 2015-09-17 23:36:54 UTC
Scipio Artelius wrote:
Market McSelling Alt wrote:
I guess some are calling for the balance to be looked into. But I don't know where the correct equilibrium should be.

This exactly for me too and I totally agree with your post.

That's what Aaron hasn't understood from those that haven't agreed with the view he has pushed the last couple of days.

I don't personally have anything against his view, I just don't see the logic that supports it currently. Happy to support his view if the logic is provided as well, but so far it just isn't there.


I take the time to understand an listen, some of the plex users are posting on multiple forums that they find it hard to plex their accounts due to the cost being so high. I have no reason to disbelieve them, I'm unsure as to why you seem to think I have nothing to support my claims.

You seem to think me taking onboard what plex users have said is illogical.

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
#351 - 2015-09-17 23:37:00 UTC
My simplistic observation is this:

- people do not generally decide how many PLEX to get based on how much real cash they want to spend
- people do not generally decide how many PLEX to get based on how much ISK they get per PLEX

Many (most?) people base their purchases on how much ISK they need.

This means:
- PLEX supply will be resistant to ISK/PLEX price changes and may even drop as ISK/PLEX rises
- PLEX supply will be resistant to real money price changes and supply will only increase slightly as PLEX price drops
Anne Dieu-le-veut
Natl Assn for the Advancement of Criminal People
#352 - 2015-09-17 23:48:10 UTC  |  Edited by: Anne Dieu-le-veut
Aaron wrote:

I take the time to understand an listen, some of the plex users are posting on multiple forums that they find it hard to plex their accounts due to the cost being so high. I have no reason to disbelieve them, I'm unsure as to why you seem to think I have nothing to support my claims.

You seem to think me taking onboard what plex users have said is illogical.


It's illogical to expect people selling PLEX are going to lower the price they are asking when there are plenty of people willing to pay the current price.
Aaron
Eternal Frontier
#353 - 2015-09-17 23:51:13 UTC
La Rynx wrote:
Aaron wrote:

no plex price won't magically drop, the people who brought plex off the market for investment will want to get their isk back or at least make some profit, these guys will keep the price high for as long as possible.


No surprise there.
You can invest in PLEX since the price rises for years now.
From 300mil to 1.2Bil now.

If the EvE population drops to far, the market for PLEX will implode.
Still, if my income continues to rise, i will invest in PLEX too.


Would be interesting to hear from plex traders, perhaps this might give us an insight into whats going on. I'm not entirely sure but I think that most of the stockpiles will be on the market now because the plex market maybe about to crash and the traders want to cash out.

I'm sure the good traders know that this is a temporary high and either the customer base will vanish or the RL cost of plex will be reduced affecting the isk price. I think there is 2 or 3 months of good trading left until plex users get tired and leave. We do forget Eve is supposed to be fun and one doesn't want to clock off RL work and then come home to start his second job Eve online. Have a look at the psychological aspect of this.

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

Market McSelling Alt
Doomheim
#354 - 2015-09-17 23:51:55 UTC
Hasikan Miallok wrote:
My simplistic observation is this:

- people do not generally decide how many PLEX to get based on how much real cash they want to spend
- people do not generally decide how many PLEX to get based on how much ISK they get per PLEX

Many (most?) people base their purchases on how much ISK they need.

This means:
- PLEX supply will be resistant to ISK/PLEX price changes and may even drop as ISK/PLEX rises
- PLEX supply will be resistant to real money price changes and supply will only increase slightly as PLEX price drops



Which lends back to my backwards toilet theory. People only IRL Buy the Plex they need to get a certain isk amount in game. Therefore as the price ingame increases, less Plex is needed to get the assets they want. Those buying plex in game have to work harder, pushing the price of non-plex ingame items down.

It is a vicious cycle. Plex continues to become more scarce as its value in game increases. Sad really.

There needs to be a balance, but without artificial manipulation there can't be. Therefore Plex is a horrible idea since it is really pegged at two differnt currencies, one that changes and one that doesn't, one that has real value and one that doesn't. Plex needs to die honestly. Or someone smarter than I needs to come up with a better system.

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.

Aaron
Eternal Frontier
#355 - 2015-09-17 23:55:01 UTC
Anne Dieu-le-veut wrote:
Aaron wrote:

I take the time to understand an listen, some of the plex users are posting on multiple forums that they find it hard to plex their accounts due to the cost being so high. I have no reason to disbelieve them, I'm unsure as to why you seem to think I have nothing to support my claims.

You seem to think me taking onboard what plex users have said is illogical.


It's illogical to expect people selling PLEX are going to lower the price they are asking when there are plenty of people willing to pay the current price.


Fair point, there are people still prepared to pay current prices, but for how long? If plex prices have been tipped to rise to 2bills. I think opinions will change and more people will get tired of the monthly grind.

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

Anne Dieu-le-veut
Natl Assn for the Advancement of Criminal People
#356 - 2015-09-17 23:56:24 UTC
Aaron wrote:

I'm sure the good traders know that this is a temporary high and either the customer base will vanish or the RL cost of plex will be reduced affecting the isk price. I think there is 2 or 3 months of good trading left until plex users get tired and leave. We do forget Eve is supposed to be fun and one doesn't want to clock off RL work and then come home to start his second job Eve online. Have a look at the psychological aspect of this.


If you're playing EVE with an eye on how much PLEX costs, and figuring how much time you have to do stuff you might not necessarily like to fund your PLEX, you are already working your second job, and for **** wages, I might add.
Salvos Rhoska
#357 - 2015-09-17 23:58:33 UTC  |  Edited by: Salvos Rhoska
Aaron wrote:
Ok, so people use plex as an investment buying low then selling high. I'm sure you're aware this type of investment has a time limit and I don't think people will hold on to plex at this point. At some point the stockpile will be sold and used to plex accounts.

How are you faring with affording plex? will you find 1.3b and rising hard to achieve every month? What will you do if you can't achieve it or find it time consuming?

If plex users are finding it hard then this must be listened to.


You are completely missing my point, man.

1) The largest hoarders are not selling. Infact Im not even entirely certain they have any intention of ever selling.
The current price situation is irrational as weighed against a tight sequence of strong effects which should have additively reduced PLEX price, but did not. Instead prices rise faster. The force of commerce required to have overcome these commensurate PLEX price mitigators is huge, premeditated, concerted and deliberate.

I previously called you on being too abstract and extreme, now I have to call you on being too narrow.

As I said, PLEX sitting in someones station hold IS NOT SUBBING ANYONE, and yet appreciating in value for every unit taken off the market.
Take a minute to think on the long term implications of that.

2) There is no time limit. If you hold 1000+ PLEX , and started buying already in August 2014, your stock value is already enormously appreciated in value. The amount of stockpiled PLEX in this game, at this point, can easily overcome the incidental introduction of more of it in competition, simply by buying it off the market.

3) How am I faring? Im liquidating assets as fast as I can to buy PLEX. My only regret is I didnt do it a month ago (let alone a year ago).

4) This is EVE. Remember that. The potential for critical mass PLEX manipulation has always been a potential. Last years events from last fall have created an excellent opportunity in may ways that some organisations have finally found a window for actualising this.

5) Nothing can be done, except to buy up as much PLEX as you can, right now, so that you are not left disadvantaged when PLEX finally stabilises at some higher rate.

6) PLEX is not going to drop. Nothing indicates that it would. Its rises already overcame significant mitigants, and hoarders have a vested interest in maintaining it high, which they will, and theybhave the appreciated stock with which to facilitate that.

7) Selling PLEX is not its only use. It can also be gifted for loyalty/reciprocation, especially if you hold thousands in stock, and against an enormously inflated price. Can also be used to attract financiers when they see how much of it you are sitting on as collateral. And, as Ive said earlier, the more PLEX you own, the more rational and profitable it is to buy even more. Its an accumalative effect. The longer and the harder you buy up PLEX, the higher your stock value rises, at an ever escalating rate, as people get more desperate for it.

8) Sooner or later, when PLEX dependants have sold all their assets, and cant do it anymore, the price will stabilise. Somewhere at 2.5bil I think. But it will not drop significantly. Any significant introduction of PLEX, and drop in price, after that point, will simply be bought up by these hoarders as cheap, and added to their stockpile, inorder to maintain its high value.

TLDR: Someone got bored of financing Titans, or has enough of them, and decided PLEX is a better investment. And they were right. Titans control space. PLEX controls everyone else. How many vets do you think pay subs? Hell no. If you can stockpile thousands of PLEX, and force your competition to unsub many of their accounts, THAT is power without ever firing a shot.
Aaron
Eternal Frontier
#358 - 2015-09-17 23:59:36 UTC
Market McSelling Alt wrote:
Hasikan Miallok wrote:
My simplistic observation is this:

- people do not generally decide how many PLEX to get based on how much real cash they want to spend
- people do not generally decide how many PLEX to get based on how much ISK they get per PLEX

Many (most?) people base their purchases on how much ISK they need.

This means:
- PLEX supply will be resistant to ISK/PLEX price changes and may even drop as ISK/PLEX rises
- PLEX supply will be resistant to real money price changes and supply will only increase slightly as PLEX price drops



Which lends back to my backwards toilet theory. People only IRL Buy the Plex they need to get a certain isk amount in game. Therefore as the price ingame increases, less Plex is needed to get the assets they want. Those buying plex in game have to work harder, pushing the price of non-plex ingame items down.

It is a vicious cycle. Plex continues to become more scarce as its value in game increases. Sad really.

There needs to be a balance, but without artificial manipulation there can't be. Therefore Plex is a horrible idea since it is really pegged at two differnt currencies, one that changes and one that doesn't, one that has real value and one that doesn't. Plex needs to die honestly. Or someone smarter than I needs to come up with a better system.


Nothing can beat your buddy paying your sub for a reward theres no other way. We need regulation, the only way seems to be reducing RL cost.

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

Aaron
Eternal Frontier
#359 - 2015-09-18 00:09:02 UTC  |  Edited by: Aaron
Salvos Rhoska wrote:
Aaron wrote:
Ok, so people use plex as an investment buying low then selling high. I'm sure you're aware this type of investment has a time limit and I don't think people will hold on to plex at this point. At some point the stockpile will be sold and used to plex accounts.

How are you faring with affording plex? will you find 1.3b and rising hard to achieve every month? What will you do if you can't achieve it or find it time consuming?

If plex users are finding it hard then this must be listened to.


You are completely missing my point, man.

1) The largest hoarders are not selling. Infact Im not even entirely certain they have any intention of ever selling.
The current price situation is irrational as weighed against a tight sequence of strong effects which should have additively reduced PLEX price, but did not. Instead prices rise faster. The force of commerce required to have overcome these commensurate PLEX price mitigators is huge, premeditated, concerted and deliberate.

I previously called you on being too abstract and extreme, now I have to call you on being too narrow.

As I said, PLEX sitting in someones station hold IS NOT SUBBING ANYONE, and yet appreciating in value for every unit taken off the market.
Take a minute to think on the long term implications of that.

2) There is no time limit. If you hold 1000+ PLEX , and started buying already in August 2014, your stock value is already enormously appreciated in value. The amount of stockpiled PLEX in this game, at this point, can easily overcome the incidental introduction of more of it in competition, simply by buying it off the market.

3) How am I faring? Im liquidating assets as fast as I can to buy PLEX. My only regret is I didnt do it a month ago (let alone a year ago).

4) This is EVE. Remember that. The potential for critical mass PLEX manipulation has always been a potential. Last years events from last fall have created an excellent opportunity in may ways that some organisations have finally found a window for actualising this.

5) Nothing can be done, except to buy up as much PLEX as you can, right now, so that you are not left disadvantaged when PLEX finally stabilises at some higher rate.

6) PLEX is not going to drop. Nothing indicates that it would. Its rises already overcame significant mitigants, and hoarders have a vested interest in maintaining it high, which they will, and theybhave the appreciated stock with which to facilitate that.


I'm going to stop talking to you because your view is one-sided, you speak of plex stabilizing but you refuse to take into account the fact that if no one buys it then it is worth nothing. If plex traders aren't careful their stock value will vanish. Traders should analyse the market in its entirety and pay attention to customer feedback. Plex customers have reported that their extra accounts are now closed and they struggle to keep 1 account plexed. the plex traders are like: **** you, pay me! I dunno man there's something wrong with this whole picture.

Listen, don't take my word for anything, we can keep our eyes open and see what happens.

Edit: seriously I have to laugh at some of you, you really can't see that the guys who can reactivate their 2nd, 3rd, and 4th accounts with plex will have a great effect on the game. You can't even see that I'm talking about more plex sales, CCP and plex traders stay ignorant. LOLOLOLOL

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

Anne Dieu-le-veut
Natl Assn for the Advancement of Criminal People
#360 - 2015-09-18 00:10:08 UTC  |  Edited by: Anne Dieu-le-veut
Aaron wrote:
Nothing can beat your buddy paying your sub for a reward theres no other way. We need regulation, the only way seems to be reducing RL cost.


You haven't demonstrated in any way how lowering the IRL price of PLEX will lower the market value. You aren't reducing the supply of ISK, so people willing to spend a billion plus can and will spend it.

I honestly wouldn't care either way if they made PLEX price packages identical to sub package prices...I just don't think it would do anything. TBH I think IRL PLEX prices will always be more, because you can do more with them.

Aaron wrote:
I'm going to stop talking to you because your view is one-sided, you speak of plex stabilizing but you refuse to take into account the fact that if no one buys it then it is worth nothing. If plex traders aren't careful their stock value will vanish. Traders should analyse the market in its entirety and pay attention to customer feedback. Plex customers have reported that their extra accounts are now closed and they struggle to keep 1 account plexed. the plex traders are like: **** you, pay me! I dunno man there's something wrong with this whole picture.

Listen, don't take my word for anything, we can keep our eyes open and see what happens.


That's not going to happen. For PLEX to become worthless, they would have to end the program. Some hoarders will sell once they hit certain price, high or low. They can always use that PLEX to extend their own accounts or dual/tri train.