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PLEX market - call to arms!
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Milamara
Federal Navy Academy
Gallente Federation
#81 - 2011-11-21 17:12:56 UTC
I still recall the discussions on the old forums where self-proclaimed experts pegged the "true value" of a PLEX at 317 and if memory serves right I said that such "true value" proclamation is total bullshit and offered my own view that PLEX will be 500 by February.

Well, it took a bit longer to get there, and it took CCP to start buying PLEX and injecting ISK out of thin air into the economy to do so, but I still enjoy the fact that at the end of the day I was right about where PLEX prices are going.

In theory I doubled my ISK in less than one year by doing nothing, in practice there's no use for ISK so it's irrelevant.

Want to beat the Goons at Forum Warfare? Leave the thread as soon as one of them replies to it and never go back.
Mantra Achura
Stammtisch
#82 - 2011-11-21 20:16:58 UTC
IceFyre S18 wrote:
What strategies? maximizing loss?
According to eve-profit.com:

Last 24 Hours Profit Top 10:
6.706.200.000 IceFyre S18 (published)

Go there see yourself, its public.
We all wait your new strategies...



Long PLEX speculators Ice...

Kudos btw! =)
Tom Hagen
Pandemic Horde Inc.
Pandemic Horde
#83 - 2011-11-21 20:58:52 UTC
Milamara wrote:
I still recall the discussions on the old forums where self-proclaimed experts pegged the "true value" of a PLEX at 317 and if memory serves right I said that such "true value" proclamation is total bullshit and offered my own view that PLEX will be 500 by February.

Well, it took a bit longer to get there, and it took CCP to start buying PLEX and injecting ISK out of thin air into the economy to do so, but I still enjoy the fact that at the end of the day I was right about where PLEX prices are going.

In theory I doubled my ISK in less than one year by doing nothing, in practice there's no use for ISK so it's irrelevant.



Bold the relevant part..

Do you have any proof of this? Or are we just sharing tall tales here? Let me contribute!

Carrots gives you enhanced night vision!
The world beyond the horizon isn't rendered yet, and soon a man in a black coat will drop by and offer me the choice between a blue pill and a red pill!
Sephiroth Clone VII
Brothers of Tyr
Goonswarm Federation
#84 - 2011-11-21 22:34:17 UTC
plex price is based on game economy (wealth), RL economy and inflation.

This idea will address neither of them.

More people rich in the game but no so much life, higher plex prices, more people buying plex the more plex you get for isk.
JitaJane
Science and Trade Institute
Caldari State
#85 - 2011-11-22 02:54:51 UTC
Mantra Achura wrote:
The PLEX-gold analogy makes sense at first view.

The counter argument is gold is stable valued as it is one of the rare-earth elements and rises in price with more paper money influx. PLEX instead is made out of thin air (ingame wise) and consumed. That is why speculation on this item is very risky in my eyes as I miss a number of price indictaors such as raw materials and finished goods. PLEX is the only item not manufactured in a normal kind of way.

Dont' get me wrong. I've speculated with PLEX before and made several billions, but current prices are too high, the market is too hot, too much people are speculating that item and without a proper price trend indictator I'm lost in mass hysteria until someone is loosing his nerves and dumping his stuff.


There is a correlation to gold still. Gold mines do not go fallow when the gold in them is completely used up. They go fallow when the cost of extraction outweighs the profit on selling gold. This was true even back when gold WAS currency. In this case the cost of extracting PLEX is the external economy.

90% of of the time my posts are about something I actually find interesting and want to learn more about. Do not be alarmed.

Dream Five
Renegade Pleasure Androids
#86 - 2011-11-23 01:26:43 UTC  |  Edited by: Dream Five
Mantra Achura wrote:
IceFyre S18 wrote:
What strategies? maximizing loss?
According to eve-profit.com:

Last 24 Hours Profit Top 10:
6.706.200.000 IceFyre S18 (published)

Go there see yourself, its public.
We all wait your new strategies...



Long PLEX speculators Ice...

Kudos btw! =)


Not bad, yeah. Btw I think from these numbers and what i know about PLEX market, his net PLEX holdings are probably about 100-200b (ballpark).

Also, how is that number calculated? Daily average between bid and ask? Seems a bit arbitrary.

Also I think it's kind of a big risk to actually expose your positions/capital/market API key to public?
Dream Five
Renegade Pleasure Androids
#87 - 2011-11-23 03:35:23 UTC  |  Edited by: Dream Five
I think high PLEX demand might also be partially due to old players coming back and activating their accounts with their old stale ISK for PLEX. This also correlates with temporarily depressed prices on Apotheosis shuttles (old players selling off assets to buy PLEX). My guess is in 2-3 weeks the demand for PLEX will drop off significantly as people run out of stashed cash and subs drop again as people get bored (and Apotheosis will recover lol)
IceFyre S18
Zulu Labs
#88 - 2011-11-23 04:48:12 UTC
Dream Five wrote:
Mantra Achura wrote:
IceFyre S18 wrote:
What strategies? maximizing loss?
According to eve-profit.com:

Last 24 Hours Profit Top 10:
6.706.200.000 IceFyre S18 (published)

Go there see yourself, its public.
We all wait your new strategies...



Long PLEX speculators Ice...

Kudos btw! =)


Not bad, yeah. Btw I think from these numbers and what i know about PLEX market, his net PLEX holdings are probably about 100-200b (ballpark).

Also, how is that number calculated? Daily average between bid and ask? Seems a bit arbitrary.

Also I think it's kind of a big risk to actually expose your positions/capital/market API key to public?


Ah its a fake money, nothing to be afraid of.
Numbers are calculated by matching item by item buy/sell minus fees, for every transaction from api, so its pretty conservative calculation, but also accurate.
Since my PLEX trade is largelly done with contracts and directly buying from sells, that profit is actually alot bigger.
Dont know what ballpark is, but I think youre not very qualified to count my net holdings or whatever.
Also, as everyone knows, just ask, I dont hide anything.

PLEX will drop when CCP does promotion, will rise after, I am holding always both very large number of goldbars and isk, so in every direction price goes, the rich always win.
Dream Five
Renegade Pleasure Androids
#89 - 2011-11-23 05:49:33 UTC  |  Edited by: Dream Five
IceFyre S18 wrote:
Dream Five wrote:
Mantra Achura wrote:
IceFyre S18 wrote:
What strategies? maximizing loss?
According to eve-profit.com:

Last 24 Hours Profit Top 10:
6.706.200.000 IceFyre S18 (published)

Go there see yourself, its public.
We all wait your new strategies...



Long PLEX speculators Ice...

Kudos btw! =)


Not bad, yeah. Btw I think from these numbers and what i know about PLEX market, his net PLEX holdings are probably about 100-200b (ballpark).

Also, how is that number calculated? Daily average between bid and ask? Seems a bit arbitrary.

Also I think it's kind of a big risk to actually expose your positions/capital/market API key to public?


Ah its a fake money, nothing to be afraid of.
Numbers are calculated by matching item by item buy/sell minus fees, for every transaction from api, so its pretty conservative calculation, but also accurate.
Since my PLEX trade is largelly done with contracts and directly buying from sells, that profit is actually alot bigger.
Dont know what ballpark is, but I think youre not very qualified to count my net holdings or whatever.
Also, as everyone knows, just ask, I dont hide anything.

PLEX will drop when CCP does promotion, will rise after, I am holding always both very large number of goldbars and isk, so in every direction price goes, the rich always win.


I find it very hard to believe that your direct contract volume is anywhere near significant.
IceFyre S18
Zulu Labs
#90 - 2011-11-23 05:54:23 UTC
I understand, it's normal.
Bloody Wench
#91 - 2011-11-23 06:37:58 UTC
IceFyre S18 wrote:

Since my PLEX trade is largelly done with contracts and directly buying from sells, that profit is actually alot bigger.
Dont know what ballpark is, but I think youre not very qualified to count my net holdings or whatever.
Also, as everyone knows, just ask, I dont hide anything.



You don't have a single finished contract related to PLEX on that character.

Looks like you were involved in Insurance fraud (building and destructing ships), I looked back to 2009 and you've never bought or sold a PLEX through contracts.

[u]**Shepard Wong Ogeko wrote: **[/u]  CCP should not only make local delayed in highsec, but they should also require one be undocked to use it. Then, even the local spammers have some skin in the game. Support a High Resolution Texture Pack
IceFyre S18
Zulu Labs
#92 - 2011-11-23 06:46:11 UTC  |  Edited by: IceFyre S18
Bloody Wench wrote:
IceFyre S18 wrote:

Since my PLEX trade is largelly done with contracts and directly buying from sells, that profit is actually alot bigger.
Dont know what ballpark is, but I think youre not very qualified to count my net holdings or whatever.
Also, as everyone knows, just ask, I dont hide anything.



You don't have a single finished contract related to PLEX on that character.

Looks like you were involved in Insurance fraud (building and destructing ships), I looked back to 2009 and you've never bought or sold a PLEX through contracts.


I guess you are refering to this alt, not me.

EDIT: Ah yes, read now properly.
This character have seen some insurance fraud business, not sure how much profit got there, was long time ago.
This one is curently involved in Cap BPO's business as you can see from hundreds of contracts done.
Dream Five
Renegade Pleasure Androids
#93 - 2011-11-23 08:27:25 UTC  |  Edited by: Dream Five
Mantra Achura wrote:
IceFyre S18 wrote:
What strategies? maximizing loss?
According to eve-profit.com:

Last 24 Hours Profit Top 10:
6.706.200.000 IceFyre S18 (published)

Go there see yourself, its public.
We all wait your new strategies...



Long PLEX speculators Ice...

Kudos btw! =)


Btw guys be very careful with registering on that site. It requires email, you could expose your email/IP and you can get hacked.
Mantra Achura
Stammtisch
#94 - 2011-11-23 19:46:34 UTC
I'm using my personal excel sheet to analyse exported orders.

Earnings, profits, current stock and median price level of all items bought, margins of sell orders, a complete list of all orders and highlighted order gaps that need to be filled, everything just updated with one button on demand. No delays from API and such.

Biggest problems so far: only orders are managed, no buyouts; no distinction between bought / sold out orders and timed out and canceld ones

Not a perfect solution, but good enough to cover a traders need to manage dozens of orders.
thekiller2002us
The J8sters
#95 - 2011-11-23 22:29:35 UTC
dont worry plex will be coming down soon- all of the ccp ships in these new live events drop 2 plex per ship.
and ccp say this is only a taste of things to come.

I heard Pl '' the anti ccp fleet

I'm with Brick on this one- make thouse carebearing b******s squeal..
Dream Five
Renegade Pleasure Androids
#96 - 2011-11-24 04:05:33 UTC
Dream Five wrote:
We are employing some new strategies targeted at maximizing the losses for long PLEX speculators


Correction: maximize losses or minimize profits by making the market more efficient, preventing other traders from stockpiling PLEX and forcing them to both buy at a higher price or sell at a lower price.
Wyke Mossari
Staner Industries
#97 - 2011-11-25 01:26:28 UTC

PLEX prices are falling largely because most speculator are likely investing for the Crucible launch.

Once that is over and done with the ISK will be reinvested in PLEX and they will see new highs.
Mantra Achura
Stammtisch
#98 - 2011-11-29 22:43:30 UTC
PLEX prices are crashing hard today. 460 - 467 as I'm writing this post... Bear

Happy trading!
Missette
Federal Navy Academy
Gallente Federation
#99 - 2011-11-29 23:10:27 UTC
Whoo! watch the price fall.
there is very little bottom in the market right now, just 15 buy orders and were down to 360 million in Dodoxie! (Begins liquidating stock for for the coming PLEX buys....)
Dream Five
Renegade Pleasure Androids
#100 - 2011-11-30 08:43:43 UTC  |  Edited by: Dream Five
Does look like a collapse through 440m right now actually.. about 40 orders@440m were removed a few mins ago.. i'm nudging the market in downward direction as we speak. Not sure if 430 will hold.