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The rising price of PLEX and its consequences.
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gfldex
#21 - 2011-10-30 14:45:19 UTC
Paragon Renegade wrote:
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.


It depends. If you want to sell just one PLEX to gain a head start when you subscribe (there are plenty who fall for this trap) it wont make much of a difference. If you need have 25B and need another 25B to get your Titan rising PLEX prices will have a feedback effect. Those 25B can mean 78 PLEX created and put into the market or just 58 depending on price. So over a period of 3 month the same ISK demand of aspiring Titan pilots can differ by 20 PLEXes on the market. Therefore the upcoming supers nerf got 2 effects at the same time at PLEX prices.

Further, when players leave over disappointment with CCP Games both PLEX buyers and sellers leave. I would bet that the balance is move more to sellers.

If you take all the sand out of the box, only the cat poo will remain.
Mara Rinn
Cosmic Goo Convertor
#22 - 2011-10-30 14:53:56 UTC
60M ISK/hr mission running.

100M ISK/hr incursion running.

=> new ceiling price for PLEX will be 500M ISK.

Assumption: majority of PLEX buyers are "play to pay" folks grinding missions/industry/etc to pay for PLEX to fund account.

Day 0 Advice for New Players
Krixtal Icefluxor
INLAND EMPIRE Galactic
#23 - 2011-10-30 14:59:08 UTC  |  Edited by: Krixtal Icefluxor
Karn Dulake wrote:
This could lead to a rise in the price of ships for a while..........................



Big smile At least there is ONE benefit for me and my Industrial self in all that...............


(also, the few times I actually bought and sold a PLEX with RL money, I was FINE with 325,000,000 ISK. Really. That's enough for anyone...... really......... without it becoming an EXPLOITATED TOOL. Ponder that for a bit.)

"He has mounted his hind-legs, and blown crass vapidities through the bowel of his neck."  - Ambrose Bierce on Oscar Wilde's Lecture in San Francisco 1882
Amro One
One.
#24 - 2011-10-30 15:48:16 UTC
Are you people aware that you can make 500m in one day doing incursions, easily.

With incursions its just to easy to get a plex. So of course the price goes up.
Rico Minali
Sons Of 0din
Commonwealth Vanguard
#25 - 2011-10-30 15:51:46 UTC
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



What the hell is a plex leach? Are you one of the retards out there who believe if you play by plex that ccp dont get paid? I pay for eve 100% with plex and I am purely a pvper.

Trust me, I almost know what I'm doing.
Morganta
The Greater Goon
#26 - 2011-10-30 16:10:31 UTC
Rico Minali wrote:
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



What the hell is a plex leach? Are you one of the retards out there who believe if you play by plex that ccp dont get paid? I pay for eve 100% with plex and I am purely a pvper.


only if the plex is made 100% ingame, then yeah, I guess I'm a ******.
I don't care if CCP sold the plex you used to get gametime 2 days ago or 2 years ago you cant claim that he intent of the purchaser was to purchase gametime, which you argue is an offset.

if you paid for plex from CCP so you can use plex to sub than thats different, really different since it costs more to buy 2 plex than it does to sub for 2 months.
Singeabooty Raj
Doomheim
#27 - 2011-10-30 17:21:28 UTC
When you get 3 month old players slavouring away in local that they made 1b in a day running incursions ------> there in lies the reason why plex price has gone up

Black Man with Goggles
Written Word
Brutor Tribe
Minmatar Republic
#28 - 2011-10-30 17:46:51 UTC
Carebears are going to grind the ISK anyways, it could go a lot higher until "consequences" occur.
Naran Eto
Caldari Provisions
Caldari State
#29 - 2011-10-30 17:59:40 UTC
Rising price of PLEX? When did this happen? Cos i've been paying the same price to sub my account with plex for the last 2yrs.
Demon View
Doomheim
#30 - 2011-10-30 18:38:09 UTC  |  Edited by: Demon View
Malcanis wrote:
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.


(Emphasis added.)

http://www.eveonline.com/news.asp?a=single&nid=4717&tid=1

Give the PLEX sellers a deal -> supply rises while demand remains stable -> prices fall. With the deal in bulk to make both the PLEX sellers and CCP feel better about lower unit earnings. (CCP may also be feeling better with PLEX that they see gets turned into AUR.)

So this is probably their plan. And the underlined bit is what's uncertain about the plan.
Useful Alt
Pator Tech School
Minmatar Republic
#31 - 2011-10-30 18:46:22 UTC  |  Edited by: Useful Alt
for me, right now, at this moment

I'm looking at account management, add time and the special of 131.40$ for a whole year in eve at 10.95 a month

this or spending about 5,100,000,000 or more isk

i'm going to really think about this
Tore Vest
#32 - 2011-10-31 10:54:13 UTC
Plex prices is going berserk to day Shocked

No troll.
Holy One
Privat Party
#33 - 2011-10-31 10:58:28 UTC  |  Edited by: Holy One
The rising price? Is because CCP is pumping trillions of isk in to the economy from wormholes and incursions etc. Demand rises, prices rise. There are a slew of other macro economic factors ofc. But on the whole, people are more affluent than they were three years ago.

Expect that to change when they nerf supers, moons and PI. Although what/if/when they are ever going to acknowledge the pve hegomony of incursions and sleepers remains to be seen. They might just opt to continue punishing everyone else for being 'poor' and 'nobby no mates'. Big smile

Also, also, ccp is chronically cash poor right now. So forcing more people to pay subs and not the less certain bottom line delivery of plex sales and redeeming, is probably somewhat better for their books at this time.

:)
Tore Vest
#34 - 2011-10-31 11:08:11 UTC
If ccp is cash poor now..... where did they take a wrong turn then ?
I tougth eve online is/was sound and growing....

No troll.
Holy One
Privat Party
#35 - 2011-10-31 11:11:44 UTC  |  Edited by: Holy One
Tore Vest wrote:
If ccp is cash poor now..... where did they take a wrong turn then ?
I tougth eve online is/was sound and growing....


It is. But unfortunately they have been burning more than they have been earning on WOD and Dust development for some years. They very recently just had to refinance a large loan too, I don't know how that went but I am guessing not well since they have abruptly refocussed everything on their core business - eve.

:)
Dradius Calvantia
Lip Shords
#36 - 2011-10-31 11:14:07 UTC  |  Edited by: Dradius Calvantia
Holy One wrote:
The rising price? Is because CCP is pumping trillions of isk in to the economy from wormholes and incursions etc. Demand rises, prices rise. There are a slew of other macro economic factors ofc. But on the whole, people are more affluent than they were three years ago.


You do realize that not one single ISK has been pumped into the EVE economy through WHs right? WHs are sources of resources which then have to be sold to other players for ISK that already exists in game.

The current ISK faucets are:

1. Incursions
2. Mission Rewards
3. Bounties
4. Insurance

These are the only ways that ISK enters the game (unless there is something I am forgetting which is possible at this time of night.)

I personally think that these ISK faucets desperately need to be re-balanced with the ISK sinks.
Holy One
Privat Party
#37 - 2011-10-31 11:16:22 UTC  |  Edited by: Holy One
Dradius Calvantia wrote:
Holy One wrote:
The rising price? Is because CCP is pumping trillions of isk in to the economy from wormholes and incursions etc. Demand rises, prices rise. There are a slew of other macro economic factors ofc. But on the whole, people are more affluent than they were three years ago.


You do realize that not one single ISK has been pumped into the EVE economy through WHs right? WHs are sources of resources which then have to be sold to other players for ISK that already exists in game.

The current ISK faucets are:

1. Incursions
2. Mission Rewards
3. Bounties
4. Insurance

These are the only ways that ISK enters the game (unless there is something I am forgetting which is possible at this time of night.)

I personally think that these ISK faucets desperately need to be re-balanced with the ISK sinks.


I think its pretty telling that since incursions were introduced, technically in the last expansion, they went from being done in t1 bs to requiring 5bn isk faction bs to even get picked up for a fleet. In what? 3 months?

I am simply horrified by the amount of LP's my buddies haven't even bothered to redeem. Like millions.

:)
Tore Vest
#38 - 2011-10-31 11:17:27 UTC
So.... why so high plex prices ?

No troll.
Holy One
Privat Party
#39 - 2011-10-31 11:18:21 UTC  |  Edited by: Holy One
Tore Vest wrote:
So.... why so high plex prices ?


Demand. Supply. Iskflation. Risk free pve, technetium in the former NC space etc. More isk in people's wallets, more demand for 'free' game time. Plex supply remaining consistent, means higher prices.

:)
Tore Vest
#40 - 2011-10-31 11:23:01 UTC
Holy One wrote:
Tore Vest wrote:
So.... why so high plex prices ?


Demand. Supply. Iskflation. Risk free pve, technetium in the former NC space etc. More isk in people's wallets, more demand for 'free' game time. Plex supply remaining consistent, means higher prices.


So.... ppl want more plex then market can give.... got it.
Hmm.... more ppl living on plex then.... ?

No troll.