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Plex price 3M?

Author
Lamajagarn McMyra
Caldari Provisions
Caldari State
#21 - 2017-06-20 06:41:43 UTC
Plex price has always been rising, hell even when they anounced the fighter changes prices did not move. The increase will continue untill something really drastic happens.

consider this: http://cdn1.eveonline.com/community/MER/May_2017/9aaa_top.sinks.faucets.over.time.png

Since prices were increasing slowly already in 2015 when average income was not even half of today. With current income i belive we will see a monthly increase around 5%. Invest all isk in plex the moment it's earned as it's loosing value rapidly. :)
Mr Mieyli
Doomheim
#22 - 2017-06-20 06:45:19 UTC  |  Edited by: Mr Mieyli
Plex is now an easier market to get into, and it has a self fulfilling prophecy of only going up in value. More transactions would speed up the rate plex prices rise.

This post brought to you by CCP's alpha forum alt initiative. Playing the eve forums has never come cheaper.

Piugattuk
The Durantis Corporation
#23 - 2017-06-20 06:47:27 UTC
Rain6637 wrote:
back in my day plex was 350 million ISK



Back when I started plex was about 125 million, inflation.
April rabbit
Viziam
Amarr Empire
#24 - 2017-06-20 07:05:19 UTC
Dinsdale Pirannha wrote:
Nevyn Auscent wrote:
It's actually because the plex market is driven (& has been for years now) by investors & speculators. Not by consumers. Which means that most of the people involved in the plex market want the price to keep going up in order to get a reward on their investment.
It's basically a share market in that regards, growing like a bubble, and if it ever bursts a lot of peoples investments crash hard. And some of those people are rich enough to influence the markets of EVE and make sure it never does.


Right, and the surge in ISK created out of thin air by the null sec cartels in supercarriers has had no impact.
We can't share links on this forum, but some null sec guy on Crossing Zebras today flatly states he was making 260M / tick, or 780M/ hour, in a Hel.

This unprecedented surge of ISK into the economy had no impact, right?

2 days ago PLEX was 2.8, today it is 3 mil pu. Before it PLEX was semi-stable for long time.

I guess supers are the main reason for its grow.... What?
Do Little
Bluenose Trading
#25 - 2017-06-20 07:54:36 UTC
PLEX is worth whatever the player buying it is willing to pay. No more, no less. It's value in real world money is controlled by CCP and has been stable as long as I can remember.

The in-game exchange rate with ISK is player controlled and has been going up as people accumulate more ISK and have nothing to spend it on. PLEX is a reasonable place to store in-game wealth since it can always be exchanged for game time.

If CCP dials back the ISK faucets, as they are trying to do, the price should stabilize and a lot of ISK will be turned into refineries this winter which will soak up a bit of the oversupply.

Don't expect the price to drop unless a lot of new players sell PLEX purchased from CCP with real world cash to finance in-game projects.
Uthgaard
Because ISK
#26 - 2017-06-20 07:58:55 UTC  |  Edited by: Uthgaard
Ghost training and afk ratting. But mostly ghost training. Due to incursion farming and the rise in afk carrier ratting & VNI orbiting,
ISK faucets exceed ISK sinks, leading to inflation.

But ghost training was a PLEX based exploit. One PLEX = 19 months of sp gain, which converted the cost of 1 plex into 74.5b profit. (12 month queue ending with a 6 month skill, at the end of the plexed month: 12+6+1 = 19) This led to a boom in PLEX consumption, raising its price steadily as it was diverted from the economy into this EVE version of The Matrix.

While ghost training was active, the more PLEX ghost trainer purchased, the more they could profit, creating an infinite loop that removed any upper limit on PLEX prices. Without a self-perpetuating price spiral, PLEX prices will equal the average monthly disposable income for normal players, varying +/- 1 standard deviation.

It didn't take long until ghost farms were consuming PLEX faster than it was being introduced into the game, driving demand above supply, and prices along with that. The skyrocketing prices drove off most of the players who had to afford PLEX to play. If you compare the two graphs you will see that player population follows the inverse of PLEX price. Left unchecked, they would have eventually smothered the game into extinction.

CCP introduced some PLEX drops with this event. Seeding some back into the economy is a great way to normalize the prices, but too few are dropping for this event to really impact the prices, so it will be a very long time before we see the decline.
Eternus8lux8lucis
Primus Inc.
LEGIO ASTARTES ARCANUM
#27 - 2017-06-20 08:06:40 UTC
Do Little wrote:
PLEX is worth whatever the player buying it is willing to pay. No more, no less. It's value in real world money is controlled by CCP and has been stable as long as I can remember.

The in-game exchange rate with ISK is player controlled and has been going up as people accumulate more ISK and have nothing to spend it on. PLEX is a reasonable place to store in-game wealth since it can always be exchanged for game time.

If CCP dials back the ISK faucets, as they are trying to do, the price should stabilize and a lot of ISK will be turned into refineries this winter which will soak up a bit of the oversupply.

Don't expect the price to drop unless a lot of new players sell PLEX purchased from CCP with real world cash to finance in-game projects.

Some will finance refineries and other ventures come winter with PLEX as well as the large isk influx lately. So it might have a small downward pressure on the prices then. But historically winter/spring has been the rise and peak of the yearly cycles for prices.

Have you heard anything I've said?

You said it's all circling the drain, the whole universe. Right?

That's right.

Had to end sometime.

Rain6637
NulzSec
#28 - 2017-06-20 08:09:32 UTC
Uthgaard wrote:
Ghost training and afk ratting. But mostly ghost training. Due to incursion farming and the rise in afk carrier ratting & VNI orbiting,
ISK faucets exceed ISK sinks, leading to inflation.

But ghost training was a PLEX based exploit. One PLEX = 19 months of sp gain, which converted the cost of 1 plex into 74.5b profit. (12 month queue ending with a 6 month skill, at the end of the plexed month: 12+6+1 = 19) This led to a boom in PLEX consumption, raising its price steadily as it was diverted from the economy into this EVE version of The Matrix.

While ghost training was active, the more PLEX ghost trainer purchased, the more they could profit, creating an infinite loop that removed any upper limit on PLEX prices. Without a self-perpetuating price spiral, PLEX prices will equal the average monthly disposable income for normal players, varying +/- 1 standard deviation.

It didn't take long until ghost farms were consuming PLEX faster than it was being introduced into the game, driving demand above supply, and prices along with that. The skyrocketing prices drove off most of the players who had to afford PLEX to play. If you compare the two graphs you will see that player population follows the inverse of PLEX price. Left unchecked, they would have eventually smothered the game into extinction.

CCP introduced some PLEX drops with this event. Seeding some back into the economy is a great way to normalize the prices, but too few are dropping for this event to really impact the prices, so it will be a very long time before we see the decline.

They're dropping PLEX in game now too? That's a new one. Interesting to see the NES item devaluation doesn't miss the gold standard of the game economy. Now I feel less resentful of the SKINs and clothing that see similar devaluation through in-game drops.
Shallanna Yassavi
Imperial Academy
Amarr Empire
#29 - 2017-06-20 08:13:21 UTC
Nevyn Auscent wrote:
Dinsdale Pirannha wrote:

Right, and the surge in ISK created out of thin air by the null sec cartels in supercarriers has had no impact.
We can't share links on this forum, but some null sec guy on Crossing Zebras today flatly states he was making 260M / tick, or 780M/ hour, in a Hel.

This unprecedented surge of ISK into the economy had no impact, right?

Of course it has had an impact, but the Plex market has not suddenly bubbled in the last 2 months because of Isk. It's been growing like this for far far longer, so you can't point at the supercarrier ratting as the cause of the plex price movement. It's simply made the problem a bit worse.

You can point to power creep in general and the players learning how to farm ever faster.

And features which have made this possible, like the supercarriers.

A signature :o

Uthgaard
Because ISK
#30 - 2017-06-20 08:46:19 UTC  |  Edited by: Uthgaard
Rain6637 wrote:
They're dropping PLEX in game now too? That's a new one. Interesting to see the NES item devaluation doesn't miss the gold standard of the game economy. Now I feel less resentful of the SKINs and clothing that see similar devaluation through in-game drops.


They're not very common, they're dropping 1-2 at a time when they do drop. And since you need 500 to redeem, I wouldn't be surprised if the entire event contributes less than 50 total months of game time by its end.
Linus Gorp
Ministry of Propaganda and Morale
#31 - 2017-06-20 09:46:51 UTC
Sonya Corvinus wrote:
Why would you buy plex in game anyway? Subbing is significantly cheaper. You can earn enough to sub for a month in 30 minutes IRL. It's hard to say that about the ISK it takes to get a plex.

That's highly dependent on where on lives.

When you don't know the difference between there, their, and they're, you come across as being so uneducated that your viewpoint can be safely dismissed. The literate is unlikely to learn much from the illiterate.

Navik Askiras
Yautjas
#32 - 2017-06-20 10:55:06 UTC  |  Edited by: Navik Askiras
Hey there,

CCP need to do something with PLEX price... like put a FIXED price or something... new players can not face 50M/day more expensive. I mean if this continue in 1/2 month the PLEX will cost easly 7M per unit. A lot of people play EVE because they can pay the subscription game with money game = PLEX, I personally started to play EVE for that, I bought 500 PLEX's last two days ago for the first time to upgrade to Omega, but if this continue in a few month I will leave the game, like others in my position.. I'm not Trillionary like others veterans players... If CCP do not think with new players position... they will not receive new players.

Best regards,
Navik
Joan Maetsuycker
V.O.C. Bensdorp
#33 - 2017-06-20 11:45:06 UTC
Why should CCP help you a new player that want to Plex his account for a free ride and not want to invest in a subscription,
there is alpha for you to play for free
Sephiroth Angell
Sephiroths meat grinding Company a. s.
Cannibal Crabs
#34 - 2017-06-20 11:46:07 UTC
Rain6637 wrote:
back in my day plex was 350 million ISK




ye... those were good days.. :)
Sephiroth Angell
Sephiroths meat grinding Company a. s.
Cannibal Crabs
#35 - 2017-06-20 11:49:49 UTC
Joan Maetsuycker wrote:
Why should CCP help you a new player that want to Plex his account for a free ride and not want to invest in a subscription,
there is alpha for you to play for free



First, im not a new player.. Im playing several years.. and by buyin plex from market.. im not cutting CCP´s earns.. somebody must have buy that plex from them.. So its not theyr bussines if i buy from them or market.. they are not loosing anything.. And few years ago.. i remember ccp was regulating the prices.. now they are not and players owning market are trying what ppl are willing to pay.. :)
And im not crying or whatever about that.. I just wanted to know some relevant reason.. and i found out that there is not.. :)

So im going to sub for year from cca cause for me,,, im telling "ENOUGH" ill not pay those suckers such price.. and maybe its only my opinion,, everybody should stop buying plex for such prices.. cause they will keep raising the prices.. :)
Sephiroth Angell
Sephiroths meat grinding Company a. s.
Cannibal Crabs
#36 - 2017-06-20 11:53:15 UTC
Sonya Corvinus wrote:
Why would you buy plex in game anyway? Subbing is significantly cheaper. You can earn enough to sub for a month in 30 minutes IRL. It's hard to say that about the ISK it takes to get a plex.



Cause i was always proud that i can make that ISk for plex on my own.. :)

But now i still can.. but im not willing to pay such price.... :) thats the point..

Cause this game is hard to master.. And make enough money every month can be considered as your personal succes.. :)

saltrock0000
Caldari Provisions
Caldari State
#37 - 2017-06-20 11:53:16 UTC
I remember the days of was it 60 or 90days gtc's being sold for 350mil.

In general as time goes on, and less people are either playing or the general population of the game is able to make more money to fund plex with in game money the prices will rise, until it eventually hits a pinnacle where people are unable to purchase it anymore, unsubscribe and leave the game. At this point game developers will step in with either plex sales or behind the scenes market manipulation (via say CARRIER NERFS- I couldnt resist)

\'''\<(o_O)>/'''/

Nana Skalski
Taisaanat Kotei
#38 - 2017-06-20 11:59:22 UTC
Elenahina
The Scope
Gallente Federation
#39 - 2017-06-20 12:01:15 UTC
Rain6637 wrote:
back in my day plex was 350 million ISK


LOL, I see what you did there

Eve is like an addiction; you can't quit it until it quits you. Also, iderno

Elenahina
The Scope
Gallente Federation
#40 - 2017-06-20 12:03:17 UTC
Teckos Pech wrote:
To be clear, I consider PLEX like a luxury good. A luxury good has a high income elasticity, that is as income goes up people tend to buy more of the good, so much more the that a larger portion of their income will go to that good. So, people who are now ISK rich thanks to carrier and super ratting may very well be putting that ISK into PLEX. Either to PLEX their accounts, for use in other services, or just as a long term store of value. After all, the long term trend for the price of PLEX is upwards.


That's actually a pretty good summation. +1 Internets to you sir.

Eve is like an addiction; you can't quit it until it quits you. Also, iderno