These forums have been archived and are now read-only.

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

Market Discussions

 
  • Topic is locked indefinitely.
12Next page
 

PLEX prices
Author
Previous Topic Next Topic
Shogun Horowitz
Phoenix Rise Industries
#1 - 2012-03-04 00:30:23 UTC
Hey all.

Ive been trading for quite some time and just invested quite a large sum of isk into buying PLEX wih the intent of resale. Anyone want to throw out some educated guesses as to how high the sell price will go in the next few months?

I'd just like to hear from a few market experts as to what their estimations may be.
Thanks in advance.

The Hor.

It's just business.
OfBalance
Caldari State
#2 - 2012-03-04 00:53:56 UTC  |  Edited by: OfBalance
The sky is the limit, buy buy buy!

ED Content: http://www.youtube.com/watch?v=SWksEJQEYVU
Vaerah Vahrokha
Vahrokh Consulting
#3 - 2012-03-04 02:08:06 UTC  |  Edited by: Vaerah Vahrokha
Shogun Horowitz wrote:
Hey all.

Ive been trading for quite some time and just invested quite a large sum of isk into buying PLEX wih the intent of resale. Anyone want to throw out some educated guesses as to how high the sell price will go in the next few months?

I'd just like to hear from a few market experts as to what their estimations may be.
Thanks in advance.

The Hor.


With the current inflationary economy, items may reach new highs that were never achieved before.
Therefore, without previous records you have to be more cautious, since subsequent price swings up don't have an easy and predictable top.

I.e. a quick minutes check revealed the current maximum to be 495M, so that would be the next sell level. The all time maximum is 513M

If you notice, price went to range around that 495M thresold. Once the market realized there was not enough demand to push above it, it produced the current swing down + small double bottom + little trend up, but we are back at Jan 19 swing levels (another resistance) and not pushing through it.

If you REALLY want to buy PLEX now, you are better to wait for price to swing down to 465M and confirm a new double bottom like it did around half of Feb.

Else, unless CCP introduces just another PLEX sink, price might be going to tank for a while.

EvE Online portal | EvE markets tutorials
Shogun Horowitz
Phoenix Rise Industries
#4 - 2012-03-04 02:08:37 UTC
Over 600 Mill? I'm too lazy to do the research. Sorry. What's about the highest price that PLEX have ever hit?

It's just business.
Vaerah Vahrokha
Vahrokh Consulting
#5 - 2012-03-04 02:10:03 UTC
Shogun Horowitz wrote:
Over 600 Mill? I'm too lazy to do the research. Sorry. What's about the highest price that PLEX have ever hit?


Read above, I think I really chewed all the numbers for you. Good night.

EvE Online portal | EvE markets tutorials
Shogun Horowitz
Phoenix Rise Industries
#6 - 2012-03-04 03:04:56 UTC
Sorry, I posted my second post just slightkly before or at the same time you posted...

I bought mine at about 473 million isk each. I figure even if they don't go up too high, I
can always just use em for game time...

Thanks for the input.

It's just business.
Styth spiting
Brutor Tribe
Minmatar Republic
#7 - 2012-03-04 05:14:37 UTC
I'm not expert but with the power of 2 special going on until April the PLEX prices are most likely going to be going up (gradually until the end of March).

You missed out on the initial announcement of "the power of 2" but as the offer gets closer to ending players will most likely start buying up PLEX to take advantage of it. I believe I sold a PLEX for 450m roughly a month ago in Tax-Murkon (highest price in the region).

Its a pretty good chance they will be going up with players looking to invest in making the alts to sell in 6 months.
Rakshasa Taisab
Sane Industries Inc.
#8 - 2012-03-04 08:07:02 UTC
So... You bought a bunch of PLEX right after CCP restarted their anti-bot program after many months of hiatus? lol

And as expected VV comes with his no-fact-zone predictions just to top things off.

Nyan
enterprisePSI
#9 - 2012-03-04 08:34:26 UTC
Quote:
CCP_Diagoras

8,566,015,400,900 ISK paid out in Incursion rewards in February.


that's almost 17,845 plex per month.

The tears of the many, outweigh the tears of the few. Or the one. enterprise-psi©
Styth spiting
Brutor Tribe
Minmatar Republic
#10 - 2012-03-04 08:48:33 UTC
Rakshasa Taisab wrote:
So... You bought a bunch of PLEX right after CCP restarted their anti-bot program after many months of hiatus? lol

And as expected VV comes with his no-fact-zone predictions just to top things off.



Yes because PLEX jumping up 30 million + isk in the last 11 days since eve online announced the power of two program again is just a fluke in the markets right?

CCP banning bots would have almost nothing to do with PLEX prices increasing. Accounts being sold yes but many of these accounts received their first warning and will be activated (and sold) after the ban timer ends. The ability to start a new alt for 3 PLEX that can be sold for 1-3 billion profit is a much more likely reason for the price spike.

I'm guessing what you might have meant by your no-fact-zone prediction relating to bots is that once the accounts that were banned for running bots were sold these players will use the isk they made selling the accounts that received their first warnings to then pay for new accounts that they can trained for the next 180 days (to again use for botting, or maybe profit) but I wouldn't be willing to make that assumption to a response to a thread that contains no substance what so ever.
EmmaFromMarketing
Prospect Theory
#11 - 2012-03-04 08:56:27 UTC
Styth spiting wrote:
Rakshasa Taisab wrote:
So... You bought a bunch of PLEX right after CCP restarted their anti-bot program after many months of hiatus? lol

And as expected VV comes with his no-fact-zone predictions just to top things off.



Yes because PLEX jumping up 30 million + isk in the last 11 days since eve online announced the power of two program again is just a fluke in the markets right?

CCP banning bots would have almost nothing to do with PLEX prices increasing. Accounts being sold yes but many of these accounts received their first warning and will be activated (and sold) after the ban timer ends. The ability to start a new alt for 3 PLEX that can be sold for 1-3 billion profit is a much more likely reason for the price spike.

I'm guessing what you might have meant by your no-fact-zone prediction relating to bots is that once the accounts that were banned for running bots were sold these players will use the isk they made selling the accounts that received their first warnings to then pay for new accounts that they can trained for the next 180 days (to again use for botting, or maybe profit) but I wouldn't be willing to make that assumption to a response to a thread that contains no substance what so ever.


Quoting to prevent ninja edit.
malaire
#12 - 2012-03-04 09:01:05 UTC  |  Edited by: malaire
Styth spiting wrote:
CCP banning bots would have almost nothing to do with PLEX prices increasing. Accounts being sold yes but many of these accounts received their first warning and will be activated (and sold) after the ban timer ends. The ability to start a new alt for 3 PLEX that can be sold for 1-3 billion profit is a much more likely reason for the price spike.

Accounts can't be sold. And after first warning about botting, those characters and any other characters owned by that person can't be sold either.

Did you read latest anti-botting devblog which told about characters being locked to accounts after just first warning?

New to EVE? Don't forget to read: The Manual * The Wiki * The Career Options * and everything else
Vaerah Vahrokha
Vahrokh Consulting
#13 - 2012-03-04 09:07:59 UTC
Rakshasa Taisab wrote:
Bad trying to diss people who try to help


Indeed.

EvE Online portal | EvE markets tutorials
Styth spiting
Brutor Tribe
Minmatar Republic
#14 - 2012-03-04 09:32:44 UTC
Yeah I saw the post on redit along with how in previous years these accounts would just be resold to unsuspecting players. I didn't realize they locked these characters to the accounts after a specific type of ban since I would never have any interest in buying a character.

Sill the people who's accounts were now locked will now take advantage of the power of 2 program to get x2 the amount of training time compared to just 1 month perk isk which really has less to do with botters and more to do with people taking advantage of the power of two offer and not botting.


So my point being the power of two offer is what is driving the price of PLEX up.
Kara Books
Deal with IT.
#15 - 2012-03-05 08:16:33 UTC
The biggest thing about trading plex is lowering your taxes and fee's

If every one able, takes their part at nipping some ONE will really feel it in 6-8 months.
Vaerah Vahrokha
Vahrokh Consulting
#16 - 2012-03-23 21:24:24 UTC
Vaerah Vahrokha wrote:


...

I.e. a quick minutes check revealed the current maximum to be 495M, so that would be the next sell level. The all time maximum is 513M

If you notice, price went to range around that 495M thresold. Once the market realized there was not enough demand to push above it, it produced the current swing down + small double bottom + little trend up, but we are back at Jan 19 swing levels (another resistance) and not pushing through it.

If you REALLY want to buy PLEX now, you are better to wait for price to swing down to 465M and confirm a new double bottom like it did around half of Feb.

Else, unless CCP introduces just another PLEX sink, price might be going to tank for a while.



Rakshasa Taisab wrote:
So... You bought a bunch of PLEX right after CCP restarted their anti-bot program after many months of hiatus? lol

And as expected VV comes with his no-fact-zone predictions just to top things off.



Since PLEXes came into talk today, I'd like to show how since that day, effective price followed exactly the profile I indicated, for 3 weeks now. The equilibrium might change after Fanfest news but that's some decent evidence how a *1* minute look at a market with no underlying fundamentals knowledge of any kind, can indeed reveal information valid for weeks. It also shows how 101 concepts of markets like psychological thresolds (support / resistance) actually work in EvE as well.

EvEMarketeer PLEX pricing source

Screenshot

EvE Online portal | EvE markets tutorials
Kaivar Lancer
Doomheim
#17 - 2012-03-23 22:14:40 UTC
^ Nice links. Too bad you can't short anything in the game. :(
Vaerah Vahrokha
Vahrokh Consulting
#18 - 2012-03-23 22:38:16 UTC
Kaivar Lancer wrote:
^ Nice links. Too bad you can't short anything in the game. :(



Look at the other similar thread with more links Blink

And yes, I wish we could short, because then we'd not have to waste half a year till price bottom down before buying again for super profits.

EvE Online portal | EvE markets tutorials
Woo Glin
State War Academy
Caldari State
#19 - 2012-03-23 23:32:19 UTC
ccp is price fixing plex and other items to prop up the dying economy as people leave the game
DoraTheExplora Taft
Hoover Inc.
Snuffed Out
#20 - 2012-03-24 06:06:01 UTC
It must be a lot of isk you have to make that make sense as a growth product. That is you must be outsizing the other much higher return rate markets. Myself I only have enough that trading on expensive ammunition utilizes most of my capital.
12Next page