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PlexGeddon is coming

Author
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#81 - 2012-09-24 14:48:52 UTC
Jita sell orders were cleaned out over the last few minutes.

Current sell price is 700m.

:popcorn:
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#82 - 2012-09-24 14:59:32 UTC
Black Madness
Natural Born Builders
New Eden Gambling Alliance
#83 - 2012-09-24 15:06:07 UTC
Bad Bobby wrote:


Wow...nice timing, CCP :)
Claire Voyant
#84 - 2012-09-24 15:21:44 UTC
Account Management is back up. PLEX prices are falling fast.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#85 - 2012-09-24 15:28:03 UTC
It lasted long enough for me to close my position at 640m. I'm looking forward to seeing what price I can buy back in at.
Black Madness
Natural Born Builders
New Eden Gambling Alliance
#86 - 2012-09-24 17:08:53 UTC
Got 400M out of it...can be happy
DarthNefarius
Minmatar Heavy Industries
#87 - 2012-09-24 23:02:42 UTC
The title of this thread should be changed to "Plexageddon is here" if it hit 700M did another FW Tier 5 get hit or something?
An' then Chicken@little.com, he come scramblin outta the    Terminal room screaming "The system's crashing! The system's    crashing!" -Uncle RAMus, 'Tales for Cyberpsychotic Children'
Svodola Darkfury
Cloak and Daggers
The Initiative.
#88 - 2012-09-25 19:14:47 UTC
Lfod Shi wrote:
Looks like I picked the wrong week to consider buying in game PLEX.



Just flew 30 jumps out of my way to spend 20 million ISK less on a PLEX out of protest.

Director of Frozen Corpse Industries.

Brewlar Kuvakei
Adeptio Gloriae
#89 - 2012-09-25 19:33:28 UTC
Svodola Darkfury wrote:
Lfod Shi wrote:
Looks like I picked the wrong week to consider buying in game PLEX.



Just flew 30 jumps out of my way to spend 20 million ISK less on a PLEX out of protest.


Why fly PLEX can be added remotely? There is zero reason to move a plex ever.

A plex 100 jumps into red null sec in an undockable station has the exact same value and usefulness as a plex in Jita 4-4. When will people learn this?
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#90 - 2012-09-25 21:00:22 UTC
Brewlar Kuvakei wrote:
A plex 100 jumps into red null sec in an undockable station has the exact same value and usefulness as a plex in Jita 4-4. When will people learn this?

That is not true.

To a person seeking to buy game time, that PLEX is just as good as any other PLEX in any other location, but they have to buy it first. In order to buy it they must first see it, which means they either have to be in the same region (if it's on the market) or they have to be searching contracts for PLEX (if it's on contracts). Neither of those qualify as mainstream conditions for PLEX purchase. Most people do not buy PLEX from contracts, they buy them from the market. Most people do not search various regions for PLEX, they mostly buy from Jita, fewer buy from local hubs and fewer still pick them up from the regional market in whatever backwater they happen to live in.

While you can offer backwater PLEX at premium prices and get some sales from people who see the location of your PLEX as a convenience, because that's where they are, this does not expose you to a high footfall of customers and it does not intersect with the manistream behaviour of EVE players. You may well be waiting some time for your backwater PLEX to sell. A backwater PLEX may well be less valuable to the seller than the Jita 4-4 PLEX for these very practical reasons.

In order to draw most people away from their default approach you have to offer a significant incentive. The higher effort that people must put in to get to your out-of-the-way PLEX may have to be compensated. Hence your backwater PLEX is not really of equal value to a PLEX in Jita 4-4 from the customer's point of view either.

You can always sub your account using GTC and they are pretty much always significantly cheaper than the equivalent PLEX, but still PLEX is a hot item that is highly traded, frequently used and often discussed. GTC, not so much.

To a person seeking to buy PLEX for other uses that do not involve direct redemption for game time, reverse redeeming for character transfers, converting to Aurum etc etc etc then the backwater PLEX is a totally different beast to the Jita 4-4 PLEX. If you are buying to re-sell, if you are buying to stockpile, if you are buying to scam, then generally speaking you want those PLEX in Jita 4-4 and PLEXes in other locations are certainly of less value.

So, your statement is not true and even if it was it isn't the kind of thing that "people" are going to learn, ever.

The majority of EVE players act contrary to their own interests for the majority of their play time. Why would you expect otherwise?
Lfod Shi
Lfod's Ratting and Salvage
#91 - 2012-09-26 13:19:42 UTC
Gee... seems like a bad time to jump into plex. Ain't making that ol' Morphite Mistake again.

♪ They'll always be bloodclaws to me ♫

Svodola Darkfury
Cloak and Daggers
The Initiative.
#92 - 2012-09-27 06:04:33 UTC
Still have to go to the region to buy it.

Director of Frozen Corpse Industries.

Katarina Reid
Deep Core Mining Inc.
Caldari State
#93 - 2012-09-28 17:26:12 UTC
inVictu5
Cruisers Crew
The Initiative.
#94 - 2012-10-01 04:20:53 UTC
Tier 5 in faction warfare means you can buy a CNR BPC 1 run for 62k LP and 0 isk, everythings roughly 1/16 the normal isk/lp cost. Caldari just had a LP dump today. Minmatards had theres friday. Most farmers had well over 2mil lp from last dump (last month) alone. This is why you see implant prices drop and CNR's BPC's going for 170 mil right now. CNR used to cost 550-700mil, now there 330.

I barely do plexs in FW and I made over a bil this month with only 275k LP. People are using there isk to buy up plexs in huge amounts. So with all the extra isk in FW expect the Plex to hit 1 billion by next month.
DarthNefarius
Minmatar Heavy Industries
#95 - 2012-10-01 16:31:25 UTC  |  Edited by: DarthNefarius
inVictu5 wrote:

(snip)
Caldari just had a LP dump today. Minmatards had theres friday. Most farmers had well over 2mil lp from last dump (last month) alone. This is why you see implant prices drop and CNR's BPC's going for 170 mil right now. CNR used to cost 550-700mil, now there 330.

I barely do plexs in FW and I made over a bil this month with only 275k LP. People are using there isk to buy up plexs in huge amounts. So with all the extra isk in FW expect the Plex to hit 1 billion by next month.


It usually takes 3-4 days after a FW tier 5 dump for the corresponding PLEX spike ( if I am correct in my hypothesis that FW tier 5's are the main PLEX price inflation driver ), i guessbecause they gotta sell the LP shineys, so expect Wednesday or Thursday to see PLEX jump from ~560-570 million to ~610-630 million. There is also a mid week hump day spike I guess because most peeps buy PLEX for the weekends & sell then.

It'd take at least 2-3 months I believe then to push PLEX to a billion so I am dounting it'll happen before a Winter NERF of FW
An' then Chicken@little.com, he come scramblin outta the    Terminal room screaming "The system's crashing! The system's    crashing!" -Uncle RAMus, 'Tales for Cyberpsychotic Children'
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#96 - 2012-10-08 14:22:07 UTC
Jita Sell: 604m
Jita Buy: 595m

Happy days.
Jori McKie
Hedion University
Amarr Empire
#97 - 2012-10-08 16:33:19 UTC
Yeah, it is going to be interesting the closer christmas is coming. Maybe i should make a public bet about PLEX price reaching 1b (at least 900m sell orders) about christmas

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." - Abrazzar

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#98 - 2012-10-08 16:40:54 UTC
Jori McKie wrote:
Yeah, it is going to be interesting the closer christmas is coming. Maybe i should make a public bet about PLEX price reaching 1b (at least 900m sell orders) about christmas

Most of us choose to use the market to place such public bets.
Jori McKie
Hedion University
Amarr Empire
#99 - 2012-10-08 16:55:52 UTC
Did that already when PLEX was cheap long ago. And then only on occassion when i had to much excess cash.
I'm thinking of a similar public bet Akita made about the tech prices 2years ago.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." - Abrazzar

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#100 - 2012-10-10 14:34:40 UTC
Bad Bobby wrote:
It lasted long enough for me to close my position at 640m. I'm looking forward to seeing what price I can buy back in at.

It looks like I'm getting a second run at it then.

Jita Sell: 662m
Jita Buy: 640m