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I decided to drive the PLEX down to 360m
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Dream Five
Renegade Pleasure Androids
#1 - 2011-11-16 11:11:36 UTC  |  Edited by: Dream Five
Interestingly my last thread about it was locked :)

The strategy is simple - buy low, sell low at no profit.

Basically this way we, EVE players can have arbitrarily low PLEX prices.

Current PLEX stock holders - I suggest you dump your PLEX now :)

One interesting consequence is if there are players on both sides (buy low, sell low and buy high, sell high), then the spread will converge to 0 and it will be truly supply-demand driven. But does anyone want to have high PLEX prices? Only CCP.
Jarnis McPieksu
Aliastra
Gallente Federation
#2 - 2011-11-16 11:15:19 UTC
Dream Five wrote:
Interestingly my last thread about it was locked :)

The strategy is simple - buy low, sell low at no profit.

Basically this way we, EVE players can have arbitrarily low PLEX prices.

Dump more PLEX on the market guys. Make it suffer.


Uh, either you are dumping real money at CCP (they will smile happily) or you are dumping ISK at PLEX speculators (they will smile happily) but won't make any dent to the market price as you do not have enough real money or ISK to burn in this foolish crusade.

(On a more serious note: This gets 2/10 as a troll attempting to influence markets by scaring off speculators that a drop in price is coming. You fail.)
Dream Five
Renegade Pleasure Androids
#3 - 2011-11-16 11:17:15 UTC
Jarnis McPieksu wrote:
Dream Five wrote:
Interestingly my last thread about it was locked :)

The strategy is simple - buy low, sell low at no profit.

Basically this way we, EVE players can have arbitrarily low PLEX prices.

Dump more PLEX on the market guys. Make it suffer.


Uh, either you are dumping real money at CCP (they will smile happily) or you are dumping ISK at PLEX speculators (they will smile happily) but won't make any dent to the market price as you do not have enough real money or ISK to burn in this foolish crusade.

(On a more serious note: This gets 2/10 as a troll attempting to influence markets by scaring off speculators that a drop in price is coming. You fail.)



Actually you didn't understand what i was saying :) I'm sorry, try again.
Akrasjel Lanate
Immemorial Coalescence Administration
Immemorial Coalescence
#4 - 2011-11-16 11:18:16 UTC
Dream Five wrote:
Interestingly my last thread about it was locked :)

The strategy is simple - buy low, sell low at no profit.

Basically this way we, EVE players can have arbitrarily low PLEX prices.

Dump more PLEX on the market guys. Make it suffer.

One interesting consequence is if there are players on both sides (buy low, sell low and buy high, sell high), then the spread will converge to 0 and it will be truly supply-demand driven. But does anyone want to have high PLEX prices? Only CCP.


The EVE 1% maby Question

CEO of Lanate Industries

Citizen of Solitude
Block Ukx
420 Enterprises.
#5 - 2011-11-16 11:27:05 UTC
Dream Five wrote:
The strategy is simple - buy low, sell low at no profit.



Not a very bright strategy since you will be selling at a loss. How much ISK have you set aside?
Dream Five
Renegade Pleasure Androids
#6 - 2011-11-16 11:30:27 UTC  |  Edited by: Dream Five
Block Ukx wrote:
Dream Five wrote:
The strategy is simple - buy low, sell low at no profit.



Not a very bright strategy since you will be selling at a loss. How much ISK have you set aside?






Enough :) Hopefully I'll make up in donations from EVE players :) Just kidding. This is a purely philanthropic endeavor.
Block Ukx
420 Enterprises.
#7 - 2011-11-16 11:48:29 UTC
Dream Five wrote:

Enough :)



Do the math an you'll see how much ISK is needed to push the price down for a week. I seriously doubt you have enough ISK to make a dent in price.







Dream Five
Renegade Pleasure Androids
#8 - 2011-11-16 12:06:28 UTC
Price is now down to 498.5m from 520 when i started.
Alain Kinsella
#9 - 2011-11-16 12:13:27 UTC
Block Ukx wrote:
Dream Five wrote:

Enough :)


Do the math an you'll see how much ISK is needed to push the price down for a week. I seriously doubt you have enough ISK to make a dent in price.



And if she does take it that low, folks like me will happily buy a few and wait until she gets bored. Bear Would be the easiest ISK I'd make all year...

"The Meta Game does not stop at the game. Ever."

Currently Retired / Semi-Casual (pending changes to RL concerns).
Dream Five
Renegade Pleasure Androids
#10 - 2011-11-16 12:28:57 UTC
Bid is about to collapse to 480
Dream Five
Renegade Pleasure Androids
#11 - 2011-11-16 12:33:39 UTC
Ask collapse to 490
Jarnis McPieksu
Aliastra
Gallente Federation
#12 - 2011-11-16 12:38:59 UTC
Let me know when you are out of ISK so I can buy the dip!
Dane El
Negative Density
#13 - 2011-11-16 12:51:16 UTC
I fail to see how you buying low and reselling with no significant price change is doing anything other than generating volume with little other effect.

Now if you bought low and sold lower and did this with many, many billions of isk you could bring the price down a bit but you'd run out of isk fast. Real fast once someone with a fair amount of ISK found you and just started selling you PLEXs at a higher price than they can snatch up your orders for.

If you want to affect the price you need a massive amount of new supply to throw on the market. That takes a lot of cash or a huge isk investment that you're willing to lose some of in the process. Is that what you're up to?
Dream Five
Renegade Pleasure Androids
#14 - 2011-11-16 13:16:02 UTC
Dane El wrote:
I fail to see how you buying low and reselling with no significant price change is doing anything other than generating volume with little other effect.

Now if you bought low and sold lower and did this with many, many billions of isk you could bring the price down a bit but you'd run out of isk fast. Real fast once someone with a fair amount of ISK found you and just started selling you PLEXs at a higher price than they can snatch up your orders for.

If you want to affect the price you need a massive amount of new supply to throw on the market. That takes a lot of cash or a huge isk investment that you're willing to lose some of in the process. Is that what you're up to?


Yes, you fail to see :)
Jak'rat
Doomheim
#15 - 2011-11-16 13:45:23 UTC  |  Edited by: Jak'rat
PLEX are 520-525 on sell orders as of a whole 30 seconds ago (that's for the cheapest 20 orders.)

If you're talking about driving down only buy orders, that's not lowering the price of PLEX...

[edit] that 520-525 price is in Rens. Not some obscure Amarrian backwater farm region Big smile

"That's not a ship, it's a flying shotgun..."
Hallorin
Doomheim
#16 - 2011-11-16 14:01:13 UTC  |  Edited by: Hallorin
Maybe I am crazy, or it's early, or I have not thought this through...

But this seems really interesting

I don't think you can be successful doing this - well, unless you are extraordinarily rich - but I have to wonder what would happen if a significant mass of players tried this.

Also, I don't think some understand quite what you are suggesting. It's not as if this needs to carry a cost other than time and energy and the fact that some isk will be tied up in this process.

I wonder too at how big an effect transaction fees will have here. Certainly someone like myself, with terrible tradeskills could barely undercut the current sell orders after the transaction fees were accounted for. But, then again, maybe that would just lessen the effect I could have, as I would still probably be undercutting all current sell orders.


Edit: If I understand this right, the effect that's supposed to drive the price down is that the current low sell orders will be artificially low, thus driving new buy orders down in response. Now, it's entirely possible that will not happen. I don't know. I get the feeling everyone else thinks you are crazy but I can't help feeling like there's something here
Dream Five
Renegade Pleasure Androids
#17 - 2011-11-16 14:04:06 UTC
Jak'rat wrote:
PLEX are 520-525 on sell orders as of a whole 30 seconds ago (that's for the cheapest 20 orders.)

If you're talking about driving down only buy orders, that's not lowering the price of PLEX...



You are in the wrong region. Jita is 484-492 right now
Dream Five
Renegade Pleasure Androids
#18 - 2011-11-16 14:05:41 UTC  |  Edited by: Dream Five
Hallorin wrote:
Maybe I am crazy, or it's early, or I have not thought this through...

But this seems really interesting

I don't think you can be successful doing this - well, unless you are extraordinarily rich - but I have to wonder what would happen if a significant mass of players tried this.

Also, I don't think some understand quite what you are suggesting. It's not as if this needs to carry a cost other than time and energy and the fact that some isk will be tied up in this process.

I wonder too at how big an effect transaction fees will have here. Certainly someone like myself, with terrible tradeskills could barely undercut the current sell orders after the transaction fees were accounted for. But, then again, maybe that would just lessen the effect I could have, as I would still probably be undercutting all current sell orders.





You have to have very high standings and skills for this to work, yes. Multiple people will not help, nor do you need much capital. This is basically a cumulative effect of narrowing down the bid/ask spread in the direction that you choose so that it becomes impossible for other people to make money and no new buy orders are made on one end while the other end is losing money so the other end should also theoretically panic and dump their stock. That's if they understand what's happening. If they don't they'll lose more money.
Claire Voyant
#19 - 2011-11-16 14:13:05 UTC
This plan is so simple it's brilliant. I'm just sorry I didn't think of it first. Anyway, this is one bandwagon I can wholeheartedly climb on.

To all those naysayers, this train has already left the station and you need to get out of the way and jump on board.
Dream Five
Renegade Pleasure Androids
#20 - 2011-11-16 14:23:25 UTC
I'm growing a bit suspicious of the fact that most of the toons who buy plex are from NPC corps with no employment history and no killboard records. The market might be bogus/manipulated. In this case this is not going to work of course :)
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