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PLEX : Told you so

Author
Comrade Commizzar
Eve Revolutionary Army
#41 - 2011-11-15 17:24:36 UTC
AkJon Ferguson wrote:
I suspect CCP is deliberately forcing PLEX prices higher by printing ISK and buying up tons of PLEX.

CCP needs to make public precisely what market manipulation they've done in the PLEX market. I have no interest in playing a game that is supposed to have a player-run economy where the developer prints money and fucks with the market.

**********

Then you better quit RL as well. just sayin... Big smile
Fractal Muse
Sebiestor Tribe
Minmatar Republic
#42 - 2011-11-15 17:24:58 UTC
It's in the best interests of CCP to do anything they can to assist PLEX prices rising.

They want to switch more people over to active subscriptions and have PLEX as a more formal in-game currency. There will be price points whereby players will simply start paying real money for EVE and stop paying by PLEX. As such, CCP will do what they can without directly involving themselves in the market to assist with PLEX prices rising (such as putting a huge banner about PLEX prices going up upon logging in).

I would guess that the main reason PLEX prices are going up has to do with speculation on the market, hoarding, and attempted manipulations by players to get even more people to buy up PLEX.

This thread is a perfect example of market manipulation. GET IN ON THE PLEX RISE NOW!! YOU CAN CASH IN LATER!! THEY WILL KEEP GOING UP!

Without knowing anything about the PLEX market right now I would still hazard another guess: the majority of people buying up PLEX right now are doing so with the intention of 'cashing in' on the PLEX craze later.

Junior Frog
Doomheim
#43 - 2011-11-15 17:26:56 UTC
It was 488mil 15 hrs ago. A 100 mil spike in that time is pretty obvious manipulation.

Jump

Comrade Commizzar
Eve Revolutionary Army
#44 - 2011-11-15 17:27:40 UTC
Black Dranzer wrote:
Strange.

High PLEX prices means increased demand. Does that mean that more people are playing, or simply that more people are switching to PLEX..? It seems unlikely that people have finally started purchasing incarna items en masse, so who knows..

***********

My take on this is that long term players who cancelled their paid subs started using PLEX to extend gametime.

At the same time they stopped buying PLEX to sell for isk until they can see the results of CCP's "new attitude".

This has reduced PLEX supply on both counts, thus prices rise.
Junior Frog
Doomheim
#45 - 2011-11-15 17:28:04 UTC
Comrade Commizzar wrote:
AkJon Ferguson wrote:
I suspect CCP is deliberately forcing PLEX prices higher by printing ISK and buying up tons of PLEX.

CCP needs to make public precisely what market manipulation they've done in the PLEX market. I have no interest in playing a game that is supposed to have a player-run economy where the developer prints money and fucks with the market.

**********

Then you better quit RL as well. just sayin... Big smile

CCP has clearly stated that they can and will step into the PLEX market. Its in a dev blog and everything.

Jump

Velicitia
XS Tech
#46 - 2011-11-15 17:30:08 UTC
Demand > Supply

Most likely it's real-world economics coupled with pre-expansion speculation ... fewer people have the RL isk to throw $60 or $100 at a few GTC, so higher price.

eventually, the price will hit "too high" and start coming back down because no one can sell at 650 or 700m per... (note these are just numbers, I'm not saying that it'll HIT 700m)

One of the bitter points of a good bittervet is the realisation that all those SP don't really do much, and that the newbie is having much more fun with what little he has. - Tippia

Selinate
#47 - 2011-11-15 17:52:31 UTC
Velicitia wrote:
Demand > Supply

Most likely it's real-world economics coupled with pre-expansion speculation ... fewer people have the RL isk to throw $60 or $100 at a few GTC, so higher price.

eventually, the price will hit "too high" and start coming back down because no one can sell at 650 or 700m per... (note these are just numbers, I'm not saying that it'll HIT 700m)


I doubt it will, a lot of the people who frequently buy plex for use in game time have quit buying it already because of the rising price....
Karah Serrigan
Ministry of War
Amarr Empire
#48 - 2011-11-15 18:02:05 UTC
Selinate wrote:
Velicitia wrote:
Demand > Supply

Most likely it's real-world economics coupled with pre-expansion speculation ... fewer people have the RL isk to throw $60 or $100 at a few GTC, so higher price.

eventually, the price will hit "too high" and start coming back down because no one can sell at 650 or 700m per... (note these are just numbers, I'm not saying that it'll HIT 700m)


I doubt it will, a lot of the people who frequently buy plex for use in game time have quit buying it already because of the rising price....


You got any statistics? The amount of plexes traded didn't drop yet.
It's easier to create(as in generate, not get from other players) ISK these days (incursions, ratting bots, etc) than a year ago, so the limit of what people are willing to sell isn't reached yet i think.
Takseen
Federal Defense Union
Gallente Federation
#49 - 2011-11-15 18:06:14 UTC
TriadSte wrote:
I think that there will come a time when CCP receive no income from plex as no will buy because of the huge cost. At this time CCP will do something to lower the cost to a more normal price.

Already 500 million is imo too high.


If PLEX went over 1 billion I'd probably switch sides and start selling GTCs for ISK instead.

Remember that CCP don't gain any direct monetary benefit from someone who pays their subscription with PLEX. If those decide to stop playing, all that happens is the demand and therefore price of PLEX goes down a bit. CCP just want
-maximum number of *paying* subscribers
-maximum number of GTCs bought and converted to PLEX

A higher PLEX price should actually help both those things. Some players will switch from Plex to real money rather than quit playing. And people like myself will be more tempted if I can convert my € for 2-3x the normal amount of ISK.
Jenshae Chiroptera
#50 - 2011-11-15 18:33:40 UTC
I think either supply is drying up or some trillionaire is fixing the market. This might force CCP to put a max sell price on PLEX or have NPCs selling them at 700M

CCP - Building ant hills and magnifying glasses for fat kids

Not even once

EVE is becoming shallow and puerile; it will satisfy neither the veteran nor the "WoW" type crowd in the transition.

Vincent Athena
Photosynth
#51 - 2011-11-15 18:37:20 UTC
Takseen wrote:

.......
Remember that CCP don't gain any direct monetary benefit from someone who pays their subscription with PLEX. .........


Not quite true. Currently PLEX cost $17.5 each.

12 month subscriptions costs $11 a month. Every account moved from subscriptions to PLEX is $6.50 per month more for CCP. The best case for CCP would be for one rich player to buy a huge number of PLEX each month, sell them for ISK to everyone else who uses them to extend their subscription.

Well, other than having that one player buy the PLEX then getting them all blown up.

Know a Frozen fan? Check this out

Frozen fanfiction

Ammzi
Dreddit
Test Alliance Please Ignore
#52 - 2011-11-15 18:37:37 UTC
Fractal Muse wrote:
rt paying real money for EVE and stop paying by PLEX. As such, CCP will do what they can without directly involving themselves in the market to assist with PLEX prices rising (such as putting a huge banner about PLEX prices going up upon logging in).


Wow... you really have no clue do you?
That banner was an attempt to lower the pries and it worked... only for a short time though.

*shakes head* people these days.
Jaroslav Unwanted
Brutor Tribe
Minmatar Republic
#53 - 2011-11-15 18:40:05 UTC
Kilrayn wrote:
Grey Stormshadow wrote:
Anyone who buys plex with over than 400m is a tool.

Or has enough isk that 400 mil isnt much perhaps?Cool


so he/she is indeed tool.

Like going to shop buying 1k dollar chocolate bar when the same one cost 1 dollar, because 1k isnt that much.

He/She is an tool.
Tippia
Sunshine and Lollipops
#54 - 2011-11-15 18:42:13 UTC
Fractal Muse wrote:
It's in the best interests of CCP to do anything they can to assist PLEX prices rising.

They want to switch more people over to active subscriptions and have PLEX as a more formal in-game currency.
Why is it better for CCP if they get less money?

Takseen wrote:
Remember that CCP don't gain any direct monetary benefit from someone who pays their subscription with PLEX. If those decide to stop playing, all that happens is the demand and therefore price of PLEX goes down a bit. CCP just want
-maximum number of *paying* subscribers
CCP gains the monetary benefit of having a demand for PLEX, thus earning more money than if the same account was kept active through subscriptions.

Oh, and PLEXed accounts are paid for.
Jaroslav Unwanted
Brutor Tribe
Minmatar Republic
#55 - 2011-11-15 18:45:22 UTC
Tippia wrote:
Fractal Muse wrote:
It's in the best interests of CCP to do anything they can to assist PLEX prices rising.

They want to switch more people over to active subscriptions and have PLEX as a more formal in-game currency.
Why is it better for CCP if they get less money?

Takseen wrote:
Remember that CCP don't gain any direct monetary benefit from someone who pays their subscription with PLEX. If those decide to stop playing, all that happens is the demand and therefore price of PLEX goes down a bit. CCP just want
-maximum number of *paying* subscribers
CCP gains the monetary benefit of having a demand for PLEX, thus earning more money than if the same account was kept active through subscriptions.

Oh, and PLEXed accounts are paid for.


I guess there is no need to explain this over and over and over.. Its common sense - seems like its some kind of super-power tho.
Kietay Ayari
Caldari State
#56 - 2011-11-15 18:48:32 UTC
D: so many silly people. CCP will never price fix PLEX. The amount of PLEX sold is not affected by the price. The point at which fewer people start buying PLEX is the point at which the price will stop rising. If you check the market the volume of PLEX traded has not gone down even with the price increase. The market has always and will continue to self regulate :D

My personal opinion on PLEX is that if you are a billionaire with nothing to do with your money PLEX is for you, but if you grind for a few days doing something you don't like in game just to sub your account you would be better off working one hour of overtime in RL.

Ferox #1

Tippia
Sunshine and Lollipops
#57 - 2011-11-15 18:48:57 UTC
Jaroslav Unwanted wrote:
I guess there is no need to explain this over and over and over.. Its common sense - seems like its some kind of super-power tho.
Since people keep believing that PLEX = “free” = CCP does not get paid, it apparently does need to be explained over and over. Ugh
Arya Greywolf
Deep Core Mining Inc.
Caldari State
#58 - 2011-11-15 18:52:36 UTC
DTson Gauur wrote:
Lexmana wrote:
DTson Gauur wrote:
Not gonna bother keeping 2 of my accounts active at these prices, I rather just let them go unsubbed. And if the prices still keep rising... I rather stop playing altogether than pay those extorsionist prices.


You know, price of subscription hasn't changed if you pay by credit card.


Yes, but I do have better uses for the money than to use it on spacepixels.


$30 dollars is not a lot of money. Do you ever go out? Buy a beer? That's one night with friends. I'm guessing many people here that have multiple accounts and pay with PLEX are spending way more than one night a month on this game. Yes, you might not have to 'grind' that much to get the ISK to pay for your two PLEXs, but I'm sure you spend a fair amount of time banking ISK to pay for game time.

Is that really fun? If you're so annoyed at the PLEX market right now, and don't want to waste time grinding ISK to pay for PLEX, maybe, ya know, don't.

You say you have better uses for your money than to use it on space pixels. Let's think about that for a minute. Minimum wage is roughly 7.50 in the US (I think). I don't know where you live but that's 2 hours of work for one month of play time. Is that a waste of time? Especially compared to how much time I'm guessing you spend banking ISK for PLEX? Is doing <---- that fun?

Heh, maybe banking ISK for PLEX is fun for you... that baffles me. Yes, there are plenty of people with enough ISK that they can just pay for PLEX no problem without farming for it. On the other hand, there are players with some common sense and realize they'd rather use the game time to play a game - so they just pay every once and awhile, when they don't want to grind for PLEX, or don't have enough ISK to do so.

From reading your posts, and I might be mistaken, it seems like you're saying it's a waste of time to spend money on spacepixels, when on the other hand, you're complaining that you have to waste time to grind for ISK. You might be surprised how relieved you are after just paying for an account - I dunno, the game might actually... be fun then?
Gogela
Epic Ganking Time
CODE.
#59 - 2011-11-15 18:52:37 UTC
Great... another one of these PLEX threads. OP is fail.

Feature working as intended.

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Captain Megadeath
Sebiestor Tribe
Minmatar Republic
#60 - 2011-11-15 18:53:23 UTC
Tippia wrote:
Jaroslav Unwanted wrote:
I guess there is no need to explain this over and over and over.. Its common sense - seems like its some kind of super-power tho.
Since people keep believing that PLEX = “free” = CCP does not get paid, it apparently does need to be explained over and over. Ugh


This!!!

CCP get paid for PLEX, wether you buy it from them and use, Buy it from them and selll on the market or Buy a GTC and split into PLEX.

NO MATTER WHICH, CCP STILL GET PAID.