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The rising price of PLEX and its consequences.
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Karn Dulake
Doomheim
#1 - 2011-10-30 13:46:27 UTC
Im sure that everyone has noticed the rising price of PLEX over the last few months and the speculation on why this is happening

Some people have said its because

1. More people want to pay for free
2. The new Microtransations market
3. Speculation that Plex prices are going to hit 550 million by Christmas so investers are buying them up hoping to cash in and also inadvertantly driving up prices

I know a few people who have quit as they have multiple toons and they cannot plex them all. If they continue to rise we may see a cyclical subscription rate in player base. Players fall away as the price of PLEX rises which the forces a drop in the price of PLEX as there are to many PLEXes on the market, which brings them back.

As far as i can see this will affect players with the lowest income streams such as non botting mineral/Ice miners and noobie mission runners.


This could lead to a rise in the price of ships for a while until the price of PLEX falls again due to market saturation and the process starts again.

Further more the falling player base could also be partially due to the rise in PLEX and not because the Techno Vikings have been naughty boys.


Your interesting thoughts please and a big hello to all the trolls.
I dont normally troll, but when i do i do it on General Discussion.
Paragon Renegade
Sebiestor Tribe
#2 - 2011-10-30 13:50:35 UTC
I was under the impression the "Exchange rate" was fixed or almost so; You bring up some good points, but ultimately, the price difference will be mostly irrelevant to those that were considering buying it in the first place.

The pie is a tautology
Aase Nord
Viziam
Amarr Empire
#3 - 2011-10-30 13:53:03 UTC
Buy more plex on eveonline.com..
Sell them for isk...
And buy a sup.... eh... buy something
Akrasjel Lanate
Immemorial Coalescence Administration
Immemorial Coalescence
#4 - 2011-10-30 13:59:43 UTC
The PLEX must flow...
We need more PLEX on the market.

CEO of Lanate Industries

Citizen of Solitude
Goodwill George
For a fistful of Veldspar
#5 - 2011-10-30 14:01:41 UTC
It must be because the NEX is such a success.
Brooks Puuntai
Solar Nexus.
#6 - 2011-10-30 14:08:58 UTC
Ship prices and item prices are not directly influenced on Plex prices. The only commodity I've seen that is directly influenced by plex/GTC prices is NeX and Character sales. GTC prices have varied heavily over the years yet item prices rarely change because of it. Its not really much of a concern Plex will sooner or later hit a peak and begin to plummet in price, its kind of how the system works.

CCP's Motto: If it isn't broken, break it. If it is broken, ignore it. Improving NPE / Dynamic New Eden
Morganta
The Greater Goon
#7 - 2011-10-30 14:11:47 UTC
plex leeches don't matter
if they leave CCP does not lose a subscription
the worst consequence is fewer people for pew, but I suspect most plex leeches are not pvpers
Tore Vest
#8 - 2011-10-30 14:18:09 UTC
Brooks Puuntai wrote:
Ship prices and item prices are not directly influenced on Plex prices. The only commodity I've seen that is directly influenced by plex/GTC prices is NeX and Character sales. GTC prices have varied heavily over the years yet item prices rarely change because of it. Its not really much of a concern Plex will sooner or later hit a peak and begin to plummet in price, its kind of how the system works.

+1
I hope you are rigth

No troll.
Brooks Puuntai
Solar Nexus.
#9 - 2011-10-30 14:18:18 UTC  |  Edited by: Brooks Puuntai
Morganta wrote:
plex leeches don't matter
if they leave CCP does not lose a subscription
the worst consequence is fewer people for pew, but I suspect most plex leeches are not pvpers


Less people buying plexes in game means a higher supply then demand. This would cause prices to go down, which would make less people want to buy Plexes from CCP to try to sell for isk. Which means less profit for CCP. Since NeX is a joke and won't work as a plex sink, that means "plex leeches" will have to do.

CCP's Motto: If it isn't broken, break it. If it is broken, ignore it. Improving NPE / Dynamic New Eden
Tippia
Sunshine and Lollipops
#10 - 2011-10-30 14:19:01 UTC
Morganta wrote:
plex leeches don't matter
if they leave CCP does not lose a subscription
In the long run they probably do, since people will presumably stop buying quite as many PLEXes if they can't find any buyers.
Chribba
Otherworld Enterprises
Otherworld Empire
#11 - 2011-10-30 14:25:48 UTC
I MISS 90d GTC AND ITS ERA!

★★★ Secure 3rd party service ★★★

Visit my in-game channel 'Holy Veldspar'

Twitter @ChribbaVeldspar
Goodwill George
For a fistful of Veldspar
#12 - 2011-10-30 14:28:46 UTC
Chribba wrote:
I MISS 90d GTC AND ITS ERA!

30 days for 180m. Good times! Straight
Karn Dulake
Doomheim
#13 - 2011-10-30 14:29:26 UTC
Chribba wrote:
I MISS 90d GTC AND ITS ERA!




yeah i remember seeing a thread about that once. 180 million isk for 90 days subs. But im sure that the same Isk generators where not in place as they are today
I dont normally troll, but when i do i do it on General Discussion.
Eebi
Perkone
Caldari State
#14 - 2011-10-30 14:30:58 UTC
Karn Dulake wrote:

1. More people want to pay for free
2. The new Microtransations market
3. Speculation that Plex prices are going to hit 550 million by Christmas so investers are buying them up hoping to cash in and also inadvertantly driving up prices


I'm sure this might have had a certain impact.

I would also assume (since it's of personal relevance) that a lot of unsatisfied people during the gold ammo/NeX/CQ time switched from paying real money to pay for plex with isk while trying do decide to quit or not.

Might as well burn you isk if you decide to quit before actually doing it, especially if you have a lot of it.

If a lot of people do that, that would increase demand of plex significantly, and the price goes up.

People who think "Plex sells for a nice sum of isk" might help the supply but i think it will be a while before it will go down again.

Of course, this is pure speculation.
Morganta
The Greater Goon
#15 - 2011-10-30 14:31:28 UTC
Tippia wrote:
Morganta wrote:
plex leeches don't matter
if they leave CCP does not lose a subscription
In the long run they probably do, since people will presumably stop buying quite as many PLEXes if they can't find any buyers.


I can't agree totally, sure the market would soften, but as long as there's so much as a 2 million isk margin between buy and sell orders, station monkeys will buy and sell them all day long
Karn Dulake
Doomheim
#16 - 2011-10-30 14:34:55 UTC
Eebi wrote:
Karn Dulake wrote:

1. More people want to pay for free
2. The new Microtransations market
3. Speculation that Plex prices are going to hit 550 million by Christmas so investers are buying them up hoping to cash in and also inadvertantly driving up prices


I'm sure this might have had a certain impact.

I would also assume (since it's of personal relevance) that a lot of unsatisfied people during the gold ammo/NeX/CQ time switched from paying real money to pay for plex with isk while trying do decide to quit or not.

Might as well burn you isk if you decide to quit before actually doing it, especially if you have a lot of it.

If a lot of people do that, that would increase demand of plex significantly, and the price goes up.

People who think "Plex sells for a nice sum of isk" might help the supply but i think it will be a while before it will go down again.

Of course, this is pure speculation.



First class post and so completely true. I know a lot of people doing this and i did this myself for a while. A lot of people are converting there wealth into plexes and just logging in to change skills.
I dont normally troll, but when i do i do it on General Discussion.
Tore Vest
#17 - 2011-10-30 14:36:59 UTC
Maby many (former) super cap pilots and their alts are switching to pay gametime with plex allso ?

No troll.
I Accidentally YourShip
Republic University
Minmatar Republic
#18 - 2011-10-30 14:39:26 UTC
Morganta wrote:
Tippia wrote:
Morganta wrote:
plex leeches don't matter
if they leave CCP does not lose a subscription
In the long run they probably do, since people will presumably stop buying quite as many PLEXes if they can't find any buyers.


I can't agree totally, sure the market would soften, but as long as there's so much as a 2 million isk margin between buy and sell orders, station monkeys will buy and sell them all day long


No, when the supply goes down and the station monkeys are finding it more difficult to sell their PLEX they too will cut back on the amount they buy.
Malcanis
Vanishing Point.
The Initiative.
#19 - 2011-10-30 14:39:41 UTC
The price of PLEX is based on how long it takes people to make enough ISK to buy one. Making ISK is massively easier than it used to be, ergo the ISK price of PLEX has risen.

Barring truly outrageous feats of market manipulation, CCP's optimum course is almost always to le the player market decide on the value of a PLEX. If CCP try to artificially lower it somehow then they encourage people to simply RMT ISK rather than buy a GTC and convert it to PLEX to sell, leaving even fewer actual PLEX on the market for other players to maintain accounts with.

"Just remember later that I warned against any change to jump ranges or fatigue. You earned whats coming."

Grath Telkin, 11.10.2016
Brooks Puuntai
Solar Nexus.
#20 - 2011-10-30 14:41:37 UTC
Tore Vest wrote:
Maby many (former) super cap pilots and their alts are switching to pay gametime with plex allso ?


If they can afford a SC, they most likely already paid with plex. As a previous poster said this probably has to do with many people switching to plex instead of RL due to the gold ammo issue and monoclegate. They are waiting to see if CCP will get their act together during winter expansion before deciding to continue with Eve or not.

CCP's Motto: If it isn't broken, break it. If it is broken, ignore it. Improving NPE / Dynamic New Eden
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