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Panic Buying on PLEX ?

First post
Author
Gil Roland
Roma Aeterna
#1 - 2013-05-22 17:00:18 UTC  |  Edited by: Gil Roland
Prices are running in Jita. Is it panic buying for Odyssey and the plex for training on the second character feature?
Sir SmashAlot
The League of Extraordinary Opportunists
Intergalactic Conservation Movement
#2 - 2013-05-22 17:18:41 UTC
I see no changes to the mean income of players with this expansion, so i expect prices to fall back down later in the summer as people finish fleshing out some alts. Though the character bazaar should experience a fundamental shift.
Obunagawe
#3 - 2013-05-22 18:42:24 UTC
People quitting actively playing EVE due to the launcher debacle stockpiling PLEX as a hedge against inflation.
Sabre Rolf
Doomheim
#4 - 2013-05-22 19:17:25 UTC
CCP is just gona bring another plex discount...nobody fu*** with the plex price
Stonkeep
Osmanli Empire
#5 - 2013-05-22 19:44:58 UTC
Sir SmashAlot wrote:
I see no changes to the mean income of players with this expansion, so i expect prices to fall back down later in the summer as people finish fleshing out some alts. Though the character bazaar should experience a fundamental shift.


I agree with this. Current prices are just speculation. The new feature is not a big deal for most people.


The biggest effect of dual training feature will be on the character bazaar. It will become a true trading place.
Samroski
Middle-Earth
#6 - 2013-05-23 07:02:50 UTC
Yeah, sell now, before prices plummet.

Also: there is a Dust related PLEX drive on now iirc, and don't forget the 1000s of PLEXes that Dr. E is dying to dump on the market.

Any colour you like.

Fractal Muse
Sebiestor Tribe
Minmatar Republic
#7 - 2013-05-23 13:43:29 UTC
I wouldn't call it "panic buying" so much as an attempt at speculation by a number of players.

Some people -think- that PLEX prices will rise because of the coming changes so they start buying. Other people notice that PLEX are moving faster than they were and want in on the action... then it just dogpiles and causes an overall rise of the price.

Once that initial momentum fades the prices will probably remain at around whatever they peak at for a short period of time before they start to drop. If the price drops significantly in a short period of time many of the people who bought PLEX as it rose fast (as a form of "investment") will try to sell. And so on and so forth.

Harry Forever
Pandemic Horde Inc.
Pandemic Horde
#8 - 2013-05-23 17:07:09 UTC
Gil Roland wrote:
Prices are running in Jita. Is it panic buying for Odyssey and the plex for training on the second character feature?


I just posted a thread about it, I think plex prices will double or even triple within a year or two, supply and demand is completely out of hand, 6000 buy orders vs 1000 sell orders looking at eve central, I also got the feeling that a lot are hording ISK and as soon as inflation starts plex will be the save heaven, holding on to ISK is the worst thing to do
Lfod Shi
Lfod's Ratting and Salvage
#9 - 2013-05-23 23:33:15 UTC
The speculation speculation seems to be in full swing.

♪ They'll always be bloodclaws to me ♫

sabre906
The Scope
Gallente Federation
#10 - 2013-05-24 03:17:56 UTC
Harry Forever wrote:
Gil Roland wrote:
Prices are running in Jita. Is it panic buying for Odyssey and the plex for training on the second character feature?


I just posted a thread about it, I think plex prices will double or even triple within a year or two, supply and demand is completely out of hand, 6000 buy orders vs 1000 sell orders looking at eve central, I also got the feeling that a lot are hording ISK and as soon as inflation starts plex will be the save heaven, holding on to ISK is the worst thing to do


Oh noez, you should stock up at this current price.Lol
ZAKURELL0 LINDA
KarmaFleet
Goonswarm Federation
#11 - 2013-05-24 10:11:36 UTC
Harry Forever wrote:
Gil Roland wrote:
Prices are running in Jita. Is it panic buying for Odyssey and the plex for training on the second character feature?


I just posted a thread about it, I think plex prices will double or even triple within a year or two, supply and demand is completely out of hand, 6000 buy orders vs 1000 sell orders looking at eve central, I also got the feeling that a lot are hording ISK and as soon as inflation starts plex will be the save heaven, holding on to ISK is the worst thing to do

a 10% increase would get the eve economist p1ssed, anything higher our isk value would fell through the floor......

and do u even understand economics? b/o and s/o ratio should never be 1:1, it doesnt make any sense at all.

RIP Iron Lady

Harry Forever
Pandemic Horde Inc.
Pandemic Horde
#12 - 2013-05-24 13:09:08 UTC
ZAKURELL0 LINDA wrote:
Harry Forever wrote:
Gil Roland wrote:
Prices are running in Jita. Is it panic buying for Odyssey and the plex for training on the second character feature?


I just posted a thread about it, I think plex prices will double or even triple within a year or two, supply and demand is completely out of hand, 6000 buy orders vs 1000 sell orders looking at eve central, I also got the feeling that a lot are hording ISK and as soon as inflation starts plex will be the save heaven, holding on to ISK is the worst thing to do

a 10% increase would get the eve economist p1ssed, anything higher our isk value would fell through the floor......

and do u even understand economics? b/o and s/o ratio should never be 1:1, it doesnt make any sense at all.


i am controller and yes i do understand a lot of those things, what is your profession?
Kara Books
Deal with IT.
#13 - 2013-05-24 17:25:12 UTC
Every 6 months, SAME exact story, over and over and over and over.

Plex prices go up, CCP issues sale, plex prices come down, then a week later settle between old price and high price.

Just Deal with IT.
Rhivre
TarNec
Invisible Exchequer
#14 - 2013-05-24 18:00:09 UTC  |  Edited by: Rhivre
What Kara said.

Plus, with an expansion coming up, and dual char training, and power of two and and and and....the number of sell orders and buy orders having more to do with how many people are trading in plex than how many people are buying them for use.

EDIT:

The eve market is not like a warehouse.

Take Trit:

For the most part, the buy orders are traders buying from miners/reprocessors
Sell orders are traders selling to builders.

So, its traders buying to sell...this is more akin to the stock market than to a warehouse etc

In the case of Plex, you are assuming the buy orders are players wanting to buy Plex for their account, while the sell orders are players selling PLEX they have paid RL cash for.

In reality, it is traders with the buy orders buying PLEX from players who have paid cash for them, and then the same traders reselling them to players who want to use them.
DarthNefarius
Minmatar Heavy Industries
#15 - 2013-05-24 20:02:12 UTC  |  Edited by: DarthNefarius
Harry Forever wrote:
ZAKURELL0 LINDA wrote:
Harry Forever wrote:
Gil Roland wrote:
Prices are running in Jita. Is it panic buying for Odyssey and the plex for training on the second character feature?


I just posted a thread about it, I think plex prices will double or even triple within a year or two, supply and demand is completely out of hand, 6000 buy orders vs 1000 sell orders looking at eve central, I also got the feeling that a lot are hording ISK and as soon as inflation starts plex will be the save heaven, holding on to ISK is the worst thing to do

a 10% increase would get the eve economist p1ssed, anything higher our isk value would fell through the floor......

and do u even understand economics? b/o and s/o ratio should never be 1:1, it doesnt make any sense at all.


i am controller and yes i do understand a lot of those things, what is your profession?


I am a professional tinoil hat salesman....ergo my profession is much more respectable then yours & better at future economics predictions then your tea leafing.
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'
Kara Books
Deal with IT.
#16 - 2013-05-24 21:49:07 UTC  |  Edited by: Kara Books
DarthNefarius wrote:
Harry Forever wrote:
ZAKURELL0 LINDA wrote:
Harry Forever wrote:
Gil Roland wrote:
Prices are running in Jita. Is it panic buying for Odyssey and the plex for training on the second character feature?


I just posted a thread about it, I think plex prices will double or even triple within a year or two, supply and demand is completely out of hand, 6000 buy orders vs 1000 sell orders looking at eve central, I also got the feeling that a lot are hording ISK and as soon as inflation starts plex will be the save heaven, holding on to ISK is the worst thing to do

a 10% increase would get the eve economist p1ssed, anything higher our isk value would fell through the floor......

and do u even understand economics? b/o and s/o ratio should never be 1:1, it doesnt make any sense at all.


i am controller and yes i do understand a lot of those things, what is your profession?


I am a professional tinoil hat salesman....ergo my profession is much more respectable then yours & better at future economics predictions then your tea leafing.


LOL!

Panicked EvE player #1 reporting for duty!

Puts on "tinoil" hat
Harry Forever
Pandemic Horde Inc.
Pandemic Horde
#17 - 2013-05-24 22:15:37 UTC
DarthNefarius wrote:
Harry Forever wrote:
ZAKURELL0 LINDA wrote:
Harry Forever wrote:
Gil Roland wrote:
Prices are running in Jita. Is it panic buying for Odyssey and the plex for training on the second character feature?


I just posted a thread about it, I think plex prices will double or even triple within a year or two, supply and demand is completely out of hand, 6000 buy orders vs 1000 sell orders looking at eve central, I also got the feeling that a lot are hording ISK and as soon as inflation starts plex will be the save heaven, holding on to ISK is the worst thing to do

a 10% increase would get the eve economist p1ssed, anything higher our isk value would fell through the floor......

and do u even understand economics? b/o and s/o ratio should never be 1:1, it doesnt make any sense at all.


i am controller and yes i do understand a lot of those things, what is your profession?


I am a professional tinoil hat salesman....ergo my profession is much more respectable then yours & better at future economics predictions then your tea leafing.


sure you are selling that oil not drinking it?
Harry Forever
Pandemic Horde Inc.
Pandemic Horde
#18 - 2013-05-24 22:23:01 UTC
Kara Books wrote:
Every 6 months, SAME exact story, over and over and over and over.

Plex prices go up, CCP issues sale, plex prices come down, then a week later settle between old price and high price.

Just Deal with IT.


I hardly believe CCP will sell a lot of PLEX for ISK because they do not get real money for that, so it would not make sense, however if plex go up in ISK value more poeple will buy them with real money to assure they can get more ISK in the game, therefore I believe in Plex going up

PLEX is only valuable for CCP if a real player buys it with real money, if they sell Plex themselfe they loose on every plex they sold, basically they would give away free subscription by doing that, however if a player buys plex from another player who bought it for real money then the subscription cash is not lost for CCP
Arckaon
The Scope
Gallente Federation
#19 - 2013-05-24 22:41:36 UTC
they take plex from banned account to sell it on the market when plex have trouble
Praxis Ginimic
The Scope
Gallente Federation
#20 - 2013-05-24 23:35:59 UTC  |  Edited by: Praxis Ginimic
Harry Forever wrote:
Kara Books wrote:
Every 6 months, SAME exact story, over and over and over and over.

Plex prices go up, CCP issues sale, plex prices come down, then a week later settle between old price and high price.

Just Deal with IT.


I hardly believe CCP will sell a lot of PLEX for ISK because they do not get real money for that, so it would not make sense, however if plex go up in ISK value more poeple will buy them with real money to assure they can get more ISK in the game, therefore I believe in Plex going up

PLEX is only valuable for CCP if a real player buys it with real money, if they sell Plex themselfe they loose on every plex they sold, basically they would give away free subscription by doing that, however if a player buys plex from another player who bought it for real money then the subscription cash is not lost for CCP



Although your logic is sound CCP has in the past injected plex into the market to stabilize its price. They use old stocks from perma-banned accounts. They say they have access to way more than they could ever use for this purpose. I don't have a link handy so you can look it up for yourself.

The reason is that a true run on plex would crash the economy. Try to imagine how worthless isk would become. PVP-ers couldn't afford cruisers, indy's couldn't unload their stock, traders would be sitting on a pile of ****, even isk doublers would have to stop their operations.

Tinfoil hats aside this is not a run.

Edit: nice ninja post arck
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