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Stable?!

Author
Teckos Pech
Hogyoku
Goonswarm Federation
#21 - 2017-05-22 22:48:33 UTC  |  Edited by: Teckos Pech
David Therman wrote:
Teckos Pech wrote:
Can anyone who has an alt in Perimeter post the current PLEX price (sell order and buy order)? I'm at work and can't log in and EVE-central does not report citadel prices.

I checked last night and I calculated the price of a PLEX was under 1.4 billion.

Thanks.


Don't have the exact buy/sell prices, but as of roughly 2 hours ago it was 1.392 billion for 500 Plex.


Thanks.

So, I see no reason at all to put any credence into the statements that PLEX will had to 2 billion and beyond. I'm not saying it won't eventually, just not anytime soon, IMO.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online

Aedaxus
Digital Zone Corp
#22 - 2017-05-22 23:14:25 UTC  |  Edited by: Aedaxus
Thomas Lot wrote:
" ...Hello skilful Capsuleers of New Eden!... PLEX market is NOT stable....

Unlike the .... [insert any other product sold on the market]
*checks the market history*
*sighs*
It's predictable to some extent but never ever stable. Then again how you you describe stable?
Lulu Lunette
Savage Moon Society
#23 - 2017-05-22 23:45:25 UTC
sigh I was gonna reply to the other thread but it went to real life insults and tears about real life incomes so I guess here I'll say that it's really probably not any conspiracy - average joe-blow Capsuleer now can afford to enter the PLEX market. I bought 40 PLEX last night for no reason other than to hang onto it.

@lunettelulu7

Teckos Pech
Hogyoku
Goonswarm Federation
#24 - 2017-05-23 04:22:46 UTC  |  Edited by: Teckos Pech
Okay, so I got home and checked Perimeter which has the best prices in the citadels between Jita and Perimeter. The price tonight is around 1.4 billion. Maurasi has even better prices at 2,765,000/unit for a cost of 1.385 billion for 30 days game time. Further, this taking off like a rocket thing...yeah, calling Bravo Sierra on that one too. The price seems stalled at around 1.4 billion ISK for the last 3 days (using the median price). Some rocket.

There is no story here nor any reason to think that PLEX are going to rise in price like a rocket. OOG supply of PLEX is perfectly elastic. That is CCP can sell as many PLEX as there is demand. The following graph shows the OOG PLEX market. Note that with the changes CCP implemented they have also increased the price from $20 to roughly $22. This has the effect of moving the supply from the red horizontal line up to the blue horizontal line. The demand curve does not change so people buy less PLEX Q2 vs Q1.

So what does that mean in game? It means there will be less PLEX being sold and the price will be bid up. As I noted in another thread at around $23 and holding the ISK to dollar conversion rate fixed we could see a price just over 1.4 billion. Instead we see a price just under 1.4 billion ISK.

I know these days everyone is in a perpetual state of outrage, but this...this is not it. The increase in PLEX price is not outlandish considering that there has not been such an increase since they were introduced in 2008. Inflation alone says that the price should be around $23 here in the U.S. Go find something that is worth being outraged over...not a perfectly reasonable price movement in a video game.

Edit: Derp forgot the graph. Let me know if it is not working.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online

Nana Skalski
Taisaanat Kotei
#25 - 2017-05-23 09:43:37 UTC
I see that PLEX is now 4x what it was when I started playing. From 350M to 1400M.

Yes, its steadily rising in value.
Aedaxus
Digital Zone Corp
#26 - 2017-05-24 06:20:02 UTC
Nana Skalski wrote:
I see that PLEX is now 4x what it was when I started playing. From 350M to 1400M.

Yes, its steadily rising in value.

Due to the no tax nullsec the richer get richer. Check out RL its kinda like eve online just more players but same economics.
Jeremiah Saken
The Fall of Leviathan
#27 - 2017-05-24 07:19:04 UTC
Lulu Lunette wrote:
sigh I was gonna reply to the other thread but it went to real life insults and tears about real life incomes so I guess here I'll say that it's really probably not any conspiracy - average joe-blow Capsuleer now can afford to enter the PLEX market. I bought 40 PLEX last night for no reason other than to hang onto it.

I don't think you understand why they are whining about. Average joe-blow Capsuleer want to PLEX his account and now he will have to pay more for the same service - PLEXing account. It doesn't matter if he can buy 125 PLEX per week or 500 once. Price skyrocket for him. It doesn't matter if threshold for entering the market is lowered. Overall main PLEX purpose (omega state) is more expensive than before the change.

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

sero Hita
Science and Trade Institute
Caldari State
#28 - 2017-05-24 07:32:38 UTC  |  Edited by: sero Hita
Jeremiah Saken wrote:
Lulu Lunette wrote:
sigh I was gonna reply to the other thread but it went to real life insults and tears about real life incomes so I guess here I'll say that it's really probably not any conspiracy - average joe-blow Capsuleer now can afford to enter the PLEX market. I bought 40 PLEX last night for no reason other than to hang onto it.

I don't think you understand why they are whining about. Average joe-blow Capsuleer want to PLEX his account and now he will have to pay more for the same service - PLEXing account. It doesn't matter if he can buy 125 PLEX per week or 500 once. Price skyrocket for him. It doesn't matter if threshold for entering the market is lowered. Overall main PLEX purpose (omega state) is more expensive than before the change.


What average Joe does not get it that someone paid those real life money for him. People complaining about the prices not being low enough for them to play for free (if you don't think time has value), are a bit spoiled brats IMO.

Why should I get very little for my RL money (Lets face it the one putting out real money is the one who should benefit the most.)?

What you guys are saying is that you want someone else to get as little as possible for actually putting up some money (something you are to cheap to do), so you can get something without paying for less effort. Long live entitlement!!!

Also tbh. it is still ridiculously easy to earn that isk. You just don't want to roll up those sleaves and do some grease work do you? Lazy ********

Edit: just be happy you have tho possibility to buy game time, with in-game currency. That is a nice luxury

"I'm all for pvp, don't get me wrong. I've ganked in Empire, blobed in low sec. Got T-shirts from every which-where.. But to be forced into a pvp confrontation that I didn't want is wrong ccp." RealFlisker

Teckos Pech
Hogyoku
Goonswarm Federation
#29 - 2017-05-24 07:40:00 UTC
Aedaxus wrote:
Nana Skalski wrote:
I see that PLEX is now 4x what it was when I started playing. From 350M to 1400M.

Yes, its steadily rising in value.

Due to the no tax nullsec the richer get richer. Check out RL its kinda like eve online just more players but same economics.



More like PLEX have become useful in more aspects of the game. For example, want to transfer a character you need a PLEX. As the uses of PLEX have increased the demand also increases as does the price. There is nothing nefarious going on here other than

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online

Bjorn Tyrson
Infinite Point
Test Alliance Please Ignore
#30 - 2017-05-24 07:50:06 UTC
Jeremiah Saken wrote:
Lulu Lunette wrote:
sigh I was gonna reply to the other thread but it went to real life insults and tears about real life incomes so I guess here I'll say that it's really probably not any conspiracy - average joe-blow Capsuleer now can afford to enter the PLEX market. I bought 40 PLEX last night for no reason other than to hang onto it.

I don't think you understand why they are whining about. Average joe-blow Capsuleer want to PLEX his account and now he will have to pay more for the same service - PLEXing account. It doesn't matter if he can buy 125 PLEX per week or 500 once. Price skyrocket for him. It doesn't matter if threshold for entering the market is lowered. Overall main PLEX purpose (omega state) is more expensive than before the change.


I'm not sure if YOU understand how the plex market works.

people who can afford to plex their accounts, generally do (most people who plex accounts usually keep at least their main account subscribed normally for various reasons, like I do)

now because of that, it means that the increase in plex prices has actually hurt the hardcore multi-account player MORE than the casual.

for a casual player looking to plex just 1 account, its an extra 200 or so a month, that really isn't that big a deal. hell i've been in null-sec for 2 weeks and accidentalied half a billion in salvage and exploration because I was bored. that more than pays for the difference.

but, for the "hardcore" player, the ones who keep 5, 10, 15+ accounts and characters training, it has hit us much harder.

I only have 8 plexed accounts, and that 200 means an extra 1.6 billion per month... and y'know what i did... I absorbed the difference and passed it on. this is why injector prices have gone up (and probably will continue to go up now that they are split-able)

It is simple supply and demand, demand increased do to easier accessibility, and more things to use it on without any appreciable increase in supply, and the injector market followed shortly after (since it is directly tied to the price of plex)
plex are now divisible, which will increase demand with no appreciable increase in supply, again the prices are going to go up.
if you are an injector farmer, now is a good time to be alive, if you are wanting to get into the injector market 2 months ago was a good time to start, but you can probably still catch the tail end of it. if you want to get good isk for your plex, now is also the best time to buy for cash and sell... and if you are trying to plex your account off of HS mining... well hate to break it to you, but NEVER has been a good time for that. try looking into other ways to make isk.

sincerely, a 10 year veteran who has been there, done that, and burned out multiple times trying.

Jeremiah Saken
The Fall of Leviathan
#31 - 2017-05-24 09:40:51 UTC
Bjorn Tyrson wrote:
Jeremiah Saken wrote:
Lulu Lunette wrote:
sigh I was gonna reply to the other thread but it went to real life insults and tears about real life incomes so I guess here I'll say that it's really probably not any conspiracy - average joe-blow Capsuleer now can afford to enter the PLEX market. I bought 40 PLEX last night for no reason other than to hang onto it.

I don't think you understand why they are whining about. Average joe-blow Capsuleer want to PLEX his account and now he will have to pay more for the same service - PLEXing account. It doesn't matter if he can buy 125 PLEX per week or 500 once. Price skyrocket for him. It doesn't matter if threshold for entering the market is lowered. Overall main PLEX purpose (omega state) is more expensive than before the change.


I'm not sure if YOU understand how the plex market works.

people who can afford to plex their accounts, generally do (most people who plex accounts usually keep at least their main account subscribed normally for various reasons, like I do)

now because of that, it means that the increase in plex prices has actually hurt the hardcore multi-account player MORE than the casual.

for a casual player looking to plex just 1 account, its an extra 200 or so a month, that really isn't that big a deal. hell i've been in null-sec for 2 weeks and accidentalied half a billion in salvage and exploration because I was bored. that more than pays for the difference.

but, for the "hardcore" player, the ones who keep 5, 10, 15+ accounts and characters training, it has hit us much harder.

I only have 8 plexed accounts, and that 200 means an extra 1.6 billion per month... and y'know what i did... I absorbed the difference and passed it on. this is why injector prices have gone up (and probably will continue to go up now that they are split-able)

It is simple supply and demand, demand increased do to easier accessibility, and more things to use it on without any appreciable increase in supply, and the injector market followed shortly after (since it is directly tied to the price of plex)
plex are now divisible, which will increase demand with no appreciable increase in supply, again the prices are going to go up.
if you are an injector farmer, now is a good time to be alive, if you are wanting to get into the injector market 2 months ago was a good time to start, but you can probably still catch the tail end of it. if you want to get good isk for your plex, now is also the best time to buy for cash and sell... and if you are trying to plex your account off of HS mining... well hate to break it to you, but NEVER has been a good time for that. try looking into other ways to make isk.

sincerely, a 10 year veteran who has been there, done that, and burned out multiple times trying.


You didn't understand me. Average joe doesn't understand how market works - everything you wrote above. All he see is his 500 PLEX is way expensive than 1 old PLEX, because new PLEX can be used in many more ways. For him granularity of PLEX and ability to buy chunks is irrelevant because he wants to PLEX his account and that is firm 500 units. For me it's good because every ISK I earn in game I put in PLEX. I have 240 days omaga (PLEXed), above 3000 PLEX in vault, small amount of assets that can be easily turning into PLEX (switchable ships mostly). PLEX is still underpriced IMO. I'm earning so much that I was subbed for only first 6 months and I'm not hardcore player.

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

Piugattuk
Lone Star Warriors
Evictus.
#32 - 2017-05-24 10:18:31 UTC
Vortexo VonBrenner wrote:
...except the gauntlet thrown is really just an old dirty torn rubber glove.



Man I've had the shatties day going on, this astute statement made me laugh good, thanks.Big smile
Mr Epeen
It's All About Me
#33 - 2017-05-24 14:48:21 UTC  |  Edited by: Mr Epeen
Teckos Pech wrote:
Aedaxus wrote:
Nana Skalski wrote:
I see that PLEX is now 4x what it was when I started playing. From 350M to 1400M.

Yes, its steadily rising in value.

Due to the no tax nullsec the richer get richer. Check out RL its kinda like eve online just more players but same economics.



More like PLEX have become useful in more aspects of the game. For example, want to transfer a character you need a PLEX. As the uses of PLEX have increased the demand also increases as does the price. There is nothing nefarious going on here other than
To the underlined.

They finally fixed that?* I haven't put any characters in the market lately.

If it's still not fixed, then they've actually removed some of the utility from PLEX and yet the price still increased. So it's not increased uses of PLEX. It's something else.

My guess is it is the amount of ISK fountaining into the game with recent changes massively devaluing ISK . Doing nothing for struggling new players but everything for CCP's favorite sons, the null bittervets.

~ed~ *They didn't. Just checked.

Mr Epeen Cool
Sylvia Kildare
Kinetic Fury
#34 - 2017-05-27 07:56:34 UTC
Teckos Pech wrote:
Can anyone who has an alt in Perimeter post the current PLEX price (sell order and buy order)? I'm at work and can't log in and EVE-central does not report citadel prices.


At first, EVE Central didn't report Citadel prices... as of a few months ago, it now does.

https://eve-central.com/home/quicklook.html?typeid=44992

I don't see any Perimeter buy or sell orders... and in fact, there seems to be very few sell orders from citadels. But there ARE buy orders.

Someone at Frarn - 0% ☆ IChooseYou (near Rens) is trying to buy 1190 nuPlex atm and someone at Azer - YOUR EVERYSHORE (INVENT & BUILD) (near Dodixie) is trying to buy 5557 nuPlex atm, for instance.

As of now, the above citadel buy orders I just mentioned are the top buy orders (2.705m and 2.701m-ish), above the next few (which are in Jita at the NPC trade hub station).
Teckos Pech
Hogyoku
Goonswarm Federation
#35 - 2017-05-27 08:07:49 UTC
Sylvia Kildare wrote:
Teckos Pech wrote:
Can anyone who has an alt in Perimeter post the current PLEX price (sell order and buy order)? I'm at work and can't log in and EVE-central does not report citadel prices.


At first, EVE Central didn't report Citadel prices... as of a few months ago, it now does.

https://eve-central.com/home/quicklook.html?typeid=44992

I don't see any Perimeter buy or sell orders... and in fact, there seems to be very few sell orders from citadels. But there ARE buy orders.

Someone at Frarn - 0% ☆ IChooseYou (near Rens) is trying to buy 1190 nuPlex atm and someone at Azer - YOUR EVERYSHORE (INVENT & BUILD) (near Dodixie) is trying to buy 5557 nuPlex atm, for instance.

As of now, the above citadel buy orders I just mentioned are the top buy orders (2.705m and 2.701m-ish), above the next few (which are in Jita at the NPC trade hub station).


I am actually logged in and there are PLEX orders in Perimeter. If eve-central is not showing them then eve-central has a problem. Also no buy orders for citadels in Maurasi either.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online

Teckos Pech
Hogyoku
Goonswarm Federation
#36 - 2017-05-27 08:08:43 UTC
Mr Epeen wrote:
Teckos Pech wrote:
Aedaxus wrote:
Nana Skalski wrote:
I see that PLEX is now 4x what it was when I started playing. From 350M to 1400M.

Yes, its steadily rising in value.

Due to the no tax nullsec the richer get richer. Check out RL its kinda like eve online just more players but same economics.



More like PLEX have become useful in more aspects of the game. For example, want to transfer a character you need a PLEX. As the uses of PLEX have increased the demand also increases as does the price. There is nothing nefarious going on here other than
To the underlined.

They finally fixed that?* I haven't put any characters in the market lately.

If it's still not fixed, then they've actually removed some of the utility from PLEX and yet the price still increased. So it's not increased uses of PLEX. It's something else.

My guess is it is the amount of ISK fountaining into the game with recent changes massively devaluing ISK . Doing nothing for struggling new players but everything for CCP's favorite sons, the null bittervets.

~ed~ *They didn't. Just checked.

Mr Epeen Cool


Except that the economic reports show deflation not inflation.

And ISK growth has been rather flat lately.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online

Teckos Pech
Hogyoku
Goonswarm Federation
#37 - 2017-05-27 08:17:39 UTC
Out of game the price of PLEX have increased. Using 500 PLEX so we can do before an after comparisons, the price of a PLEX was $19.99, now it is around $21-22 depending on how you mix-and-match PLEX sale packages. Let's say $21.50. So that is a price increase of around 7.5% Looking at the prices in game the overall price increase has been around 11.3%. So it looks like about 2/3rds of the IG price increase is explained by the OOG price increase. What explains the remainder? PLEX is replacing Aurum. That is an additional increase in PLEX demand.

There is no story here. Not to mention the price has been stable for the last 6 days.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online

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