Market Discussions

For those of us who have been playing for years we all remember when PLEX was sitting at 259 mil roughly but by todays standards PLEX sits at around 658 mil. Now everyone understands that basic growth and inflation drives prices up but PLEX seems to never drop at all.

So my question is; Why the constant rise in price of PLEX? Just last week or so it was at 618 mil and now it is 40 mil more. An impressive jump if you ask me. But what are your theories or reasoning?

A qualified guess is that more people are making more isk in Eve, which makes more people willing to pay more for PLEX and less people needing to use cash.

Since every PLEX on the market is paid for by someone the actual cost/value of it will be a question of balance between how hard is to get isk and painful it is to part with RL cash.

More people get older accounts, richer, and can therefore afford the plexes. There hasn't been enough new accounts to help fund these plex.

I like the 'PLEX for everything' direction.

I've been really impressed by the charity drives.

I was pleased to be able to buy HD streams and fanfest tickets with PLEX.

I would happily buy all manner of EVE branded merchandise with PLEX if it was available. I'm dissapointed that more of their existing affiliate products aren't available for PLEX.

People can complain that PLEX is currently very expensive, but when I compare it to the earnings potential of even fairly new pilots in today's EVE, I think the price is very reasonable. The problem is really that you've had it too good for too long.

The main reason for the current spike will be fanfest, as tickets can be bought for plex.

There are many reasons they keep going up though. More can be done with plex, increasing demand, which increase price. But on the other side, people tend to buy less plex if the price starts to drop. Years ago you'd buy a plex to sell in game for 300m. But imagine if the price dropped back down now to 600m. Many people who would have bought one and sold it for 658m will now see that as a losing purchase, so less get bought, supply drops and the price rises. Once plex price peaks to, lets say 800m as an example, some people will see 750m for a plex and think that's not worth it, even though right now, 658m is good. Conversely, not many people are just waiting for the price to reach a certain level before they will invest real cash, meaning you don't see the opposite effect from price rises.

The short of it is that it will be hard for the plex price to substantially drop without people decreasing the supply to a point that it will go back up, but it's easy for the plex price to rise though increased uses.

I wish I could go out at the supermarket and buy F4P (Food For Plex).

That'd be epic!

Not saying if it's good or bad, but it is definitely creating more demand which leads to higher prices

Ofc, it is literary CCPs form of microtransactions now, which means CCP will look at nickle and diming it as much as they can get away it (and tbf, it's their right to, it's just down to us how much of it we're happy to pay for)
It just has an advantage of allowing those of us with vast reserves of ISK to get that same stuff without ever spending RL money on those transactions, which increases the acceptance of it all

I am not saying that CCP affects the market directly, I am just simply curious as to what people think about the rise in PLEX price.

i agree. There is a lot of ISK floating in EVE and not enough destruction. Who knows if a Hulkaggedon or high sec attacks begin because usually there is such a thing. But we all know the CFC and PL had their massive fight and word has spread that prices of minerals would boost due to such a huge loss but after watching the market, not much of a spike or am I not paying "enough attention?" lol

well fanfest is coming up, looking forward to the economy panel

maybe dr whateverhisnameis will be able to tell us.