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Aurelius Valentius
Valentius Corporation
Valentius Corporation Alliance
#1 - 2013-10-12 17:23:25 UTC  |  Edited by: Aurelius Valentius
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Abdiel Kavash
Deep Core Mining Inc.
Caldari State
#2 - 2013-10-12 17:27:12 UTC  |  Edited by: Abdiel Kavash
PLEX price is a function of how long are people willing to spend grinding to play "for free" multiplied by their income. If people are willing to spend several hours a day just to make ISK for a PLEX, or are able to make the ISK faster, PLEX prices will rise.

If a majority of people decide that 20 hours of their earning is acceptable for a month of gametime, then you'll either have to spend the same 20 hours making ISK, or figure out a way to come up with the same amount of ISK faster.

CCP has nothing to do with it (and shouldn't).
Gargep Farrow
Center for Advanced Studies
Gallente Federation
#3 - 2013-10-12 17:31:31 UTC
Short of putting a cap on PLEX prices there is little CCP can do about in game prices, It is all market driven. As it should be.

You might try putting up a buy order for what you are willing to pay. If it is reasonable, and the market in your area is loaded with PLEX, someone will likely go for the quick sure isk rather than waiting.
Aurelius Valentius
Valentius Corporation
Valentius Corporation Alliance
#4 - 2013-10-12 17:47:03 UTC  |  Edited by: Aurelius Valentius
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Ougaa Baalstomp
Federal Navy Academy
Gallente Federation
#5 - 2013-10-12 18:11:53 UTC
Excellent post OP and very well put.

Let me just throw this out there....

CCP don't control the price of plex ...nooooooooo that would be bad.

The market and plex prices are controlled by the very 'in game' rich alliances.

As you correctly stated the game these days is much harder to be 'self sufficient' and pay by plex.
Plex is a money maker as it is the 'Gold ammo' everyone deep down knows it is.

This means that in effect the game is getting more and more expensive to play (in real money terms)

Result of that is CCP get a higher value (in RM terms) plex and make more profit.

Just happens that CCP likes to make things easy for these alliances and other in game entities who control the plex prices like letting them keep their (now not very hard earned) SOV.

..but CCP don't control the plex prices.

...oh wait...
Erotica 1
Krypteia Operations
#6 - 2013-10-12 18:13:29 UTC

This is not directed at the OP or any individual in particular, but is my thoughts on this recurring forum topic:

Eve's economy mirrors the "real" economy to include all of which one might considered "good" or "bad." Everyone operates out of their own self interest. Every so often you will have an event that shifts it in one way or another. Every time CCP take some sort of action, it is affecting the economy. This could be a ship change, a new way to earn isk, a buff or nerf, a character ban, a change in what ice refines into- everything has a consequence in the economy. These actions are similar to actions by our governments. For instance, when CCP takes actions to affect PLEX prices, you could think of that at the US Federal Reserve monkeying in the economy. Every action CCP takes mirrors an action that an agency or branch of the governement might take, or in some cases some other third party organization, individual, or otherwise some sort of new discovery.

PLEX prices rising are not a direct result of "one thing" over time. Sure there are all sorts of individual factors that play a major roles, but there isn't "one thing" that is causing this, other than just the open economy (and subsequent messing with it.)

Generally speaking, the issue is inflation. Stuff just costs more isk, just like stuff in real life costs more dollars. The "problem" is, just like in real life, not everyone is seeing their Eve incomes rising at the same pace. Some Eve incomes may be stagnant. We see that in the real world too. Just looking at my local economy, there are lots of low level, low skill jobs that pay around $8 an hour. These same jobs paid the same 15-20 years ago. Of course, the economy is much larger than that, and stuff costs more. There are people who, just like in the real world, have figured out how to earn dramatically more isk than the average person. Over time, this has an effect.

The best "solution," on an individual level, is to find ways to make more isk. There will never be a "solution" to make things perfect for everyone. So don't attack the "problem" of high prices for PLEX by asking "why" or asking CCP to "do something" about it. Instead, look towards yourself and see where you can make more isk.

See Bio for isk doubling rules. If you didn't read bio, chances are you funded those who did.

Kairos Antilles
Doomheim
#7 - 2013-10-12 18:41:01 UTC
Aurelius Valentius wrote:
So basically the price of ISK is going down, the cost of ETC is constant (I think still about 35.00 for one = 2 PLEX), but in game labor is going down in reward/profit... I have to spend now twice as much time, to profit to get that same PLEX, which is honestly killing my ability to do anything in the game other than "work" at getting a PLEX...


Not a reply to you specifically, but a general thought: If you are 'working' in-game (and you characterize it as 'work'), you're doing it wrong. EVE is a game, not a job.

Would you rather:
1) Spend 20 hours of your limited time to grind out a PLEX, or...
2) Work part-time for 5 hours which covers the sub cost (that you would have spent 20 hours grinding), pays for a PLEX that you can redeem in-game for ISK (that you would not have accumulated in those 20 hours), AND have 15 hours left over to play EVE?

Easy. Choice.
No Means No
meh fackit
#8 - 2013-10-12 18:45:57 UTC
I prefer to wake up when i want and play video games without having to leave my house much less spend my money on a video game.
Mara Pahrdi
The Order of Anoyia
#9 - 2013-10-12 18:47:40 UTC
What we currently see is just the annual reaction to the incoming winter expansion. This years low was about 480m.

Iirc (I was still very new to the game back then), the last surge in plex price happened because incursions were added to the game. They have been adjusted to a certain extent by summer last year.

So for the time being, Plex prices seem to vary between 480m and 620m isk. Obviously right now is not the time you shoul be buying Plex.

Remove standings and insurance.

Lipbite
Express Hauler
#10 - 2013-10-12 18:57:22 UTC
People talk about the game as if it was actual market with physical goods - and as we've seen during US banks bailout actual markets aren't exactly free either: US treasury created trillions dollars out of thin air to cover errors of Wall Street gangs.

CCP can control PLEX prices - easily: few days ago there was 25% sale and price dropped by 50mil in 2 days - from almost 610 to 560. Not to mention possibility to inject PLEXes directly into markets bypassing $$$ sales stage.

It seems CCP just don't want to inject plexes into the game at the moment. And if they'll ever decide to do so - then most likely we won't know.
Aivo Dresden
State War Academy
Caldari State
#11 - 2013-10-12 18:57:49 UTC  |  Edited by: Aivo Dresden
The value of a PLEX is very much decided by CCP. By making a PLEX on the store cost 19.99 and a general sub 14.99 and asking a whooping 2 PLEX, compared to 20euro for a regular tranfers, CCP has a large impact on how much your PLEX is worth.

If I have 20e and buy a plex instead of a transfer, I have instantly deflated my money by 50%. I don't even understand how they get away with it to be honest.

On the bright side, the dollar is getting a beating, it's a good time to make use of that exchange rate and occasional Amazon offers. :)
Captain Tardbar
Deep Core Mining Inc.
Caldari State
#12 - 2013-10-12 19:00:25 UTC  |  Edited by: Captain Tardbar
Well CCP mitigates the prices by putting PLEX on sale on occasion, but people only have so much limited income they want to spend at the moment.

However, as prices rise, the more people are willing to spend real money to buy plex to even it out. So let's say prices reached 1 billion per PLEX, I would wager that more people would be willing to actually pay real money to trade for isk so prices would eventually go down.

What you are seeing is the yearly increase in PLEX prices which are normal. What should happen is that a good deal of people will resub during the expansion next month and also buy plex to fuel their addiction... Most likley buying all the Sister ships they can while losing them stupidly.

Looking to talk on VOIP with other EVE players? Are you new and need help with EVE (welfare) or looking for advice? Looking for adversarial debate with angry people?

Captain Tardbar's Voice Discord Server