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The rising price of PLEX and its consequences.
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Malcanis
Vanishing Point.
The Initiative.
#61 - 2011-10-31 21:30:56 UTC
SilentSkills wrote:
I thought CCP has been actively seeking a viable ISK sink.

I don't see how rising PLEX prices are a bad solution to their problem.



The number of people who completely fail to understand how PLEX work never fails to surprise and appall me.

"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.
#62 - 2011-10-31 21:34:43 UTC
Malcanis wrote:
SilentSkills wrote:
I thought CCP has been actively seeking a viable ISK sink.

I don't see how rising PLEX prices are a bad solution to their problem.



The number of people who completely fail to understand how PLEX work never fails to surprise and appall me.


Iam waiting for someone to say that CCP are seeding plexs on the market in order to generate a isk sink, as well as manipulate the market to raise prices.

CCP's Motto: If it isn't broken, break it. If it is broken, ignore it. Improving NPE / Dynamic New Eden
The Apostle
Doomheim
#63 - 2011-10-31 21:44:02 UTC
Amro One wrote:
I am sure RMTer are smiling now.

Why would an RMT'er be smiling?

Buying PLEX and selling for ISK is now MORE attractive. Not less.

[i]Take an aspirin. If pain persists consult your local priest. WTB: An Austrian kangaroo![/i]
Demon View
Doomheim
#64 - 2011-10-31 21:44:46 UTC  |  Edited by: Demon View
Brooks Puuntai wrote:
Iam waiting for someone to say that CCP are seeding plexs on the market in order to generate a isk sink, as well as manipulate the market to raise prices.


To be a sink, and to raise prices, they'd have to be seeding buy orders for PLEX, not sell orders as you seem to mean.

... and yeah, that'd work. No real downside for CCP, apart from the fury that would be directed their way if this were exposed.

That said, it'd be weird for them to act to reduce supply (by seeding buy orders) while at the same time acting to increase supply (by offering bulk deals for PLEX through their website.) EDIT: that is, it'd be weird if price manipulation were the goal.
pmchem
Brutor Tribe
Minmatar Republic
#65 - 2011-10-31 21:46:23 UTC
Amro One wrote:
I am sure RMTer are smiling now.


High PLEX prices hurt RMT. Isk sellers have to provide more Isk for the (unit of currency) in order to be competitive with the option of legitimately buying Isk via no-risk GTC/PLEX.

https://twitter.com/pmchem/ || http://community.eveonline.com/news/dev-blogs/community-spotlight-garpa/ || Goonswarm Economic Warfare Cabal
Brooks Puuntai
Solar Nexus.
#66 - 2011-10-31 21:46:24 UTC
The Apostle wrote:
Amro One wrote:
I am sure RMTer are smiling now.

Why would an RMT'er be smiling?

Buying PLEX and selling for ISK is now MORE attractive. Not less.


Thats what RMTing is.

People who do Illegal RMTing are the ones who aren't smiling.

CCP's Motto: If it isn't broken, break it. If it is broken, ignore it. Improving NPE / Dynamic New Eden
Obsidian Hawk
RONA Midgard Academy
#67 - 2011-10-31 21:51:40 UTC
It's going to end up like the US housing market, the bubble is going to keep inflating, once all the people who played eve online by buying plexes can no longer afford to buy them. They are just going to simply quit. Just based on people i know, in game, that could roughly be 3% of the eve population that will disappear to high plex prices.

Once this happens and plexes stop being sold the prices will probably crash down to an all time low of back at 300 mill per plex.


Its that whole supply and demand thing, drive up the plex price far enough people will just quit, demand goes to 0. and all of these people who bought up plex thinking they are going to make billion lose all their money.

If you are going the whole invest in plex, i woudl suggest you start selling now.

Why Can't I have a picture signature.

Also please support graphical immersion, bring back the art that brought people to EvE online originaly.
Brooks Puuntai
Solar Nexus.
#68 - 2011-10-31 21:54:31 UTC
Demon View wrote:
Brooks Puuntai wrote:
Iam waiting for someone to say that CCP are seeding plexs on the market in order to generate a isk sink, as well as manipulate the market to raise prices.


To be a sink, and to raise prices, they'd have to be seeding buy orders for PLEX, not sell orders as you seem to mean.

... and yeah, that'd work. No real downside for CCP, apart from the fury that would be directed their way if this were exposed.

That said, it'd be weird for them to act to reduce supply (by seeding buy orders) while at the same time acting to increase supply (by offering bulk deals for PLEX through their website.) EDIT: that is, it'd be weird if price manipulation were the goal.


No. If CCP seeded buy orders then they would be creating a ISK faucet since people would be dumping plexs into CCP buy orders and getting Isk out of thin air, it could cause prices to go up however.

If CCP was seeding sell orders then they would be taking isk away from the game completely and be able to seed enough to raise the prices. HOWEVER this would be incredibly stupid because they would lose a **** tone of RL $$ since they are giving away subs.

My original statement however wasn't serious.

CCP's Motto: If it isn't broken, break it. If it is broken, ignore it. Improving NPE / Dynamic New Eden
1-Up Mushroom
Imperial Academy
Amarr Empire
#69 - 2011-10-31 21:59:20 UTC  |  Edited by: 1-Up Mushroom
lol I don't understand what's the big deal about these rising PLEX prices. I mean it's rose what, 50-70m, maybe 100. If you can't find a way to make an extra 70m or so every month then you have a tight bugdet/income.

Now if the prices do rise to 550 I won't be too happy but 550m every month is nothing really

EDIT: After I posted this umm post, I went back and saw the guy 2 posts above me and read this
"Its that whole supply and demand thing, drive up the plex price far enough people will just quit, demand goes to 0. and all of these people who bought up plex thinking they are going to make billion lose all their money.

If you are going the whole invest in plex, i woudl suggest you start selling now."

This guy can't be more right, people don't always realise when tons of people invest in something that's needed, the price will eventually rise high enough and nobody will buy it then the price will drop and most people will lose tons of money
5 Senses In A Person... 4 Seasons In A Year... 3 Colors In A Stoplight... 2 Poles On The Earth... ONLY 1-UP MUSHROOM!!!  If You Like My Sig, Like Me!   Remember EVE is EVErything!
Orlacc
#70 - 2011-10-31 22:03:07 UTC
The tipping point will come when folks believe it is more efficient to pay RL cash to buy PLEX. More PLEX will enter the market, and the price will come down.

"Measure Twice, Cut Once."
Demon View
Doomheim
#71 - 2011-10-31 22:05:20 UTC
Brooks Puuntai wrote:
No. If CCP seeded buy orders then they would be creating a ISK faucet


Woops, that's true. I was distracted by the PLEX that's being 'destroyed' in that case - that's not getting turned into account time or AUR. So NPC buy orders would raise prices in two ways.

Brooks Puuntai wrote:
since people would be dumping plexs into CCP buy orders and getting Isk out of thin air, it could cause prices to go up however.

If CCP was seeding sell orders then they would be taking isk away from the game completely and be able to seed enough to raise the prices. HOWEVER this would be incredibly stupid because they would lose a **** tone of RL $$ since they are giving away subs.

My original statement however wasn't serious.
Echo Falls
Adherents of the Repeated Meme
#72 - 2011-10-31 22:06:20 UTC
Glad I bought 6 years worth when everyone was quitting then.

Boosh!
Brooks Puuntai
Solar Nexus.
#73 - 2011-10-31 22:07:22 UTC
I kind of hope CCP does another massive unholy rage. That way plex prices will plummet and I can laugh at all the people who bought a **** ton of plexs hoping to cash in later.

CCP's Motto: If it isn't broken, break it. If it is broken, ignore it. Improving NPE / Dynamic New Eden
Tore Vest
#74 - 2011-10-31 22:15:17 UTC
Brooks Puuntai wrote:
I kind of hope CCP does another massive unholy rage. That way plex prices will plummet and I can laugh at all the people who bought a **** ton of plexs hoping to cash in later.

So you think ppl buying plex on eve market to get ritch.....
Well.... i guess some do...
Im not

No troll.
Demon View
Doomheim
#75 - 2011-10-31 22:18:28 UTC
1-Up Mushroom wrote:
EDIT: After I posted this umm post, I went back and saw the guy 2 posts above me and read this
"Its that whole supply and demand thing, drive up the plex price far enough people will just quit, demand goes to 0. and all of these people who bought up plex thinking they are going to make billion lose all their money.

If you are going the whole invest in plex, i woudl suggest you start selling now."

This guy can't be more right, people don't always realise when tons of people invest in something that's needed, the price will eventually rise high enough and nobody will buy it then the price will drop and most people will lose tons of money


If you buy a ton of PLEX at 400mil, thinking to sell them a month later at 600mil, and find instead that a month later the prices are down to 300mil, then this was indeed a failed investment. However, this is Eve, not the real world; you're under no pressure whatsoever to sell these PLEX off at the 300mil price. You can just use the PLEXes yourself to play for 'free' for a long time, maybe on several accounts, and if prices ever rise again you can start to sell them off. Not the return you were expecting in the time frame that you were expecting, but not a cataclysm.

Also, don't invest what you can't afford to lose.
Large Collidable Object
morons.
#76 - 2011-10-31 22:41:53 UTC
Brooks Puuntai wrote:
Malcanis wrote:
SilentSkills wrote:
I thought CCP has been actively seeking a viable ISK sink.

I don't see how rising PLEX prices are a bad solution to their problem.



The number of people who completely fail to understand how PLEX work never fails to surprise and appall me.


Iam waiting for someone to say that CCP are seeding plexs on the market in order to generate a isk sink, as well as manipulate the market to raise prices.



I am happy to announce that your wait is over:

Read the last QEN

Quote:

With a growing PLEX market (PLEX is the item with the highest trade value on the EVE market
on any given day) and its function of facilitating the exchange of game time for ISK, players have
become concerned about PLEX prices. PLEX is sold on an open market in a free exchange between
players, just like most other items in EVE Online. Our core design principle of being hands-off from
these markets also applies to the PLEX market. However, due to its complex function and potential
impact on the velocity of money supply, the Central Bank might intervene in the PLEX market in
order to curb inflation or avoid sudden deflation in the EVE economy. All such action would not
be announced beforehand and only limited information would become public in the quarter after
actions have been taken. These actions would aim at stabilization of the PLEX market and do not
have a specific price target for PLEX or a specific inflation target for prices in EVE.


You know... [morons.](http://www.youtube.com/watch?v=4gjOx65yD5A)
Brooks Puuntai
Solar Nexus.
#77 - 2011-10-31 23:37:47 UTC
Large Collidable Object wrote:
Brooks Puuntai wrote:
Malcanis wrote:
SilentSkills wrote:
I thought CCP has been actively seeking a viable ISK sink.

I don't see how rising PLEX prices are a bad solution to their problem.



The number of people who completely fail to understand how PLEX work never fails to surprise and appall me.


Iam waiting for someone to say that CCP are seeding plexs on the market in order to generate a isk sink, as well as manipulate the market to raise prices.



I am happy to announce that your wait is over:

Read the last QEN

Quote:

With a growing PLEX market (PLEX is the item with the highest trade value on the EVE market
on any given day) and its function of facilitating the exchange of game time for ISK, players have
become concerned about PLEX prices. PLEX is sold on an open market in a free exchange between
players, just like most other items in EVE Online. Our core design principle of being hands-off from
these markets also applies to the PLEX market. However, due to its complex function and potential
impact on the velocity of money supply, the Central Bank might intervene in the PLEX market in
order to curb inflation or avoid sudden deflation in the EVE economy. All such action would not
be announced beforehand and only limited information would become public in the quarter after
actions have been taken. These actions would aim at stabilization of the PLEX market and do not
have a specific price target for PLEX or a specific inflation target for prices in EVE.




Not really what I meant. That shows that CCP will intervene if prices become too high due to natural inflation or deflation. What I was joking about was someone putting on their tinfoil hat and saying CCP is causing the increase in price, by seeding the market.

CCP's Motto: If it isn't broken, break it. If it is broken, ignore it. Improving NPE / Dynamic New Eden
Large Collidable Object
morons.
#78 - 2011-10-31 23:58:08 UTC
Brooks: Ok - got it - except that I think they would probably intervene if they deem prices too low for whatever reason just as well.

Some people wont buy plex to resell them on the market if the can make the same amount in 2 hours of ratting - after all there are lots of players without any significant rl income (low income country of origin/college students), so a plex may be a lot of RL money for them.

I don't think CCP market manipulations are responsible for the current increase in price, yet currently, they would profit from a rise in plex prices. Current plex supply is like a loan given to CCP by the players whilst eve was still decent 3 years ago. Due to years of neglect thanks to incarnage, people ae starting to pull out of the game due to general distrust to CCP policies.

Current plex supply is revenue CCP made years ago and invested into fail-projects like WIS, WoD & Mud 90210 - so my guess would be that eve's current revenue is much lower than unsub numbers would suggest.
You know... [morons.](http://www.youtube.com/watch?v=4gjOx65yD5A)
Ranka Mei
TANoshii Incorporated
#79 - 2011-11-01 00:34:14 UTC
I occasionally buy a PLEX to pad my wallet, when I don't have time to grind. So, no offense to ya all, but the price of PLEXes can't be high enough, far as I'm concerned.

-- "All your monies AUR belong to us!" -- CCP
Large Collidable Object
morons.
#80 - 2011-11-01 00:46:02 UTC
Ranka Mei wrote:
I occasionally buy a PLEX to pad my wallet, when I don't have time to grind. So, no offense to ya all, but the price of PLEXes can't be high enough, far as I'm concerned.



You mean you buy a GTC, convert it into PLEX and sell it on the market - not 'buying a plex' - just saying...
You know... [morons.](http://www.youtube.com/watch?v=4gjOx65yD5A)