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How long to we have to pay 1B isk for a PLEX?

First post
Author
Baron Chauman
Aliastra
Gallente Federation
#21 - 2014-03-13 18:14:58 UTC
The Antiquarian wrote:
The usual "Occupy Wall Street" mentality. Blame corporations and large companies for all the worlds' problems.


Yeah why blame the people who own the entire planet for how it's doing? You just have to become one of them, it's that simple. Just be less poor.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#22 - 2014-03-13 18:29:33 UTC
Baron Chauman wrote:
The Antiquarian wrote:
The usual "Occupy Wall Street" mentality. Blame corporations and large companies for all the worlds' problems.


Yeah why blame the people who own the entire planet for how it's doing? You just have to become one of them, it's that simple. Just be less poor.

The rich may "own the entire planet" but that doesn't give them super-human powers.

Owning something, be it a car, home, company or country doesn't mean you can fix its problems... or even understand them.
Baron Chauman
Aliastra
Gallente Federation
#23 - 2014-03-13 18:39:49 UTC  |  Edited by: Baron Chauman
Bad Bobby wrote:
The rich may "own the entire planet" but that doesn't give them super-human powers.

Owning something, be it a car, home, company or country doesn't mean you can fix its problems... or even understand them.


Nope, but it at least makes it easier to turn your assets into even more assets (even if that means your average guy has to work a lot harder for his plex/house). They seem to understand how to do that just fine.
Julius Rigel
#24 - 2014-03-14 09:28:15 UTC
deeks87 deacon wrote:
When i joined eve i remember a plex was 500m isk at best, now to plex my accounts it's costing me almost 700m isk and going up.
Welcome to EVE! I hope you've had a pleasant couple of years so far. When I joined eve, I remember a "PLEX" (they were called 30day GTCs back then) was 180m ISK and rising.

deeks87 deacon wrote:
Is there a reason for this
Yes, there is a reason for this. It doesn't really have all that much to do with PLEX itself, but the fact that players are printing truckloads of ISK every day by running missions, killing NPCs, claiming insurance, and so on, and only burning a handful in the form of taxes, LP store, corporate fees, etc..

The same thing is happening to ores / minerals - thousands of players spend their entire playtime mining or looting missions (printing minerals), and almost never cause any explosions that make minerals disappear. For every unit of, say, tritanium a miner creates, the value of each individual piece of tritanium goes down by an immeasurable fraction. For every tritanium you destroy, the value of each tritanium goes up a little bit.

So as long more tritanium is created, and less tritanium is destroyed than is created, the value of individual tritanium pieces goes down.

The same applies to all items in the game, even PLEX. The difference is that PLEX doesn't grow on trees, per se. There are no "PLEX belts" you can mine for an infinitely respawning source of PLEX. So the number of PLEX in the game is not rising nearly as fast as the number of minerals or ISK.

Thus, if you want to exchange your ISK for PLEX, you'll want to do it now, while the ISK is still worth more than 4 milliseconds of gametime.
Adunh Slavy
#25 - 2014-03-14 09:29:10 UTC
350125GO wrote:

Therefore, all your seeing is supply and demand.



Don't forget the supply and demand of money.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt

Vaerah Vahrokha
Vahrokh Consulting
#26 - 2014-03-14 15:28:01 UTC
Baron Chauman wrote:
The Antiquarian wrote:
The usual "Occupy Wall Street" mentality. Blame corporations and large companies for all the worlds' problems.


Yeah why blame the people who own the entire planet for how it's doing? You just have to become one of them, it's that simple. Just be less poor.


If they took the planet, it's because the others did not fight to avoid that.

Many were bought up, showing they are no better than those "owners".
Many more were just spineless amoebas who let others play their cards. Big surprise, their cards lost.
Vaerah Vahrokha
Vahrokh Consulting
#27 - 2014-03-14 15:43:35 UTC
Julius Rigel wrote:

The same applies to all items in the game, even PLEX. The difference is that PLEX doesn't grow on trees, per se. There are no "PLEX belts" you can mine for an infinitely respawning source of PLEX.


Whenever I want to mine in a PLEX belt, all I have to do is to open the markets window P
Oska Rus
Free Ice Cream People
#28 - 2014-03-14 17:10:32 UTC
Few years at least imho. PLEX price grows but not that rapidly. If your ingame income doesnt grow faster than plex you probably suck in eve.
Joshua Foiritain
Coreli Corporation
Pandemic Legion
#29 - 2014-03-15 11:27:40 UTC
The Antiquarian wrote:
If everyone were to use ingame means to fund their subscription, CCP would be bankrupt and we will be left with Star Citizen dingleberry poop.

As much as we love free stuff, there should be some boundary. CCP is already doing a great favor by letting the experienced to be able to fund the subscription via PLEX.

You are meant to enjoy EVE Online. If you have an increasingly hard time funding subscription via ingame PLEX, then I suggest that you pay with actual dollars to play this great game.

I dont think you understand how plexes work... CCP isnt selling them to you, other players are. A player spends real money to buy plexes and then sells these plexes to you, CCP loses no money on this. All plexes do is change who pays the subscription fee for your account.

I miss paying 370 mill isk for 90 day GTC's :(

The Coreli Corporation is recruiting.

Billy Hix
Dreddit
Test Alliance Please Ignore
#30 - 2014-03-15 11:41:51 UTC
It will be interesting to see what happens over the next year or so.

If PLEX hit 1B or even 2 B then we should see a big drop in the number of people who can afford to pay their accounts using PLEX. However if people can sell their PLEX for 2B isk I imagine many more people paying real life money to be in game rich (assuming PLEX has increased more than general inflation)

The piece of the puzzle I am looking forward to playing out is mineral supply. We all know a huge % of the mineral supply comes from multiboxing miners paying for their 10+ accounts with PLEX. If they can't afford to pay with PLEX, will they move to paying for those accounts with real money? Or will we see a big drop in mineral supply as they let most of their accounts lapse.
Kudos12345
Doomheim
#31 - 2014-03-15 11:45:08 UTC
deeks87 deacon wrote:
Varius Xeral wrote:
Yeah, we should create a committee of university professors, mothers, and community activists to decide the fair price for a plex.


How about we just burn jita Big smile


I think also imprison and re-educate all the plex profiteers in special stations.
Monics Shakhtar
Minmatar Secret Service
Ushra'Khan
#32 - 2014-03-15 12:30:09 UTC  |  Edited by: Monics Shakhtar
deeks87 deacon wrote:
When i joined eve i remember a plex was 500m isk at best, now to plex my accounts it's costing me almost 700m isk and going up. Is there a reason for this and is it some ploy by CCP to force us to use RL cash to line there greedy CCP pockets?


I can sell you in private contract a PLEX for 680M !

Send me a private message if you are interested.
The Antiquarian
Imperial Academy
Amarr Empire
#33 - 2014-03-15 13:03:48 UTC  |  Edited by: The Antiquarian
Joshua Foiritain wrote:
The Antiquarian wrote:
If everyone were to use ingame means to fund their subscription, CCP would be bankrupt and we will be left with Star Citizen dingleberry poop.

As much as we love free stuff, there should be some boundary. CCP is already doing a great favor by letting the experienced to be able to fund the subscription via PLEX.

You are meant to enjoy EVE Online. If you have an increasingly hard time funding subscription via ingame PLEX, then I suggest that you pay with actual dollars to play this great game.

I dont think you understand how plexes work... CCP isnt selling them to you, other players are. A player spends real money to buy plexes and then sells these plexes to you, CCP loses no money on this. All plexes do is change who pays the subscription fee for your account.

I miss paying 370 mill isk for 90 day GTC's :(


I have read CCP's annual and quarterly financials and as a former accountant at Big 4 and current employee at an investment bank, trust me, I have more understanding about how in-game currency (PLEX) works than you can possibly imagine.

What I am trying to explain in my previous post is that the OP made it sound as if CCP is obligated to reduce the cost of PLEX so everyone can play for free. Once again, the prices of PLEX is set by the ingame supply and demand and CCP is not obligated to lower the market price so everyone can technically play the game for free. Any attempt by CCP to induce ingame market price reduction of PLEX won't do any good in the LT because the loss of its market value will make PLEX less desirable to be bought with real dollars.
Plug in Baby
The Scope
Gallente Federation
#34 - 2014-03-15 13:06:49 UTC
Julius Rigel wrote:
Thus, if you want to exchange your ISK for PLEX, you'll want to do it now, while the ISK is still worth more than 4 milliseconds of gametime.



While some of your logic is valid, the idea that something of scarcity is guaranteed to increased in price is completely incorrect. I would estimate that PLEX is currently above its true value due to the large number of largely uninformed speculators. Yes in the long term PLEX will likely continue to rise, but there will often be localised declines.

Investing in PLEX when it is peaking will mean decrease the value of the investment, better to invest in conventional items until the bubble pops, then go for the long term investment.

Also in all of this it is worth noting the opportunity cost, the ISK you earn from investing in PLEX even over a peroid of relatively good growth is not 'free ISK' chances are more could have been made by investing in something with steeper growth and you may have made an opportunity loss, although long term it'll still be ok

This is not a forum alt, this is a forum main.

mynnna
State War Academy
Caldari State
#35 - 2014-03-15 14:49:33 UTC
Three years ago PLEX were 360m, roughly. If you accept that it's linear, then you can plug in what we've got (setting 3 years ago as x=0 and y=360, today as x=1095 and y=652) into a linear equation and approximate plex price as y=(4/15)*x+360.

Plug 1b in for Y, solve for X, and you get 2400. Now that' 2400 days from three years ago, which is 1305 days from today, which means PLEX will hit 1b isk around October 9th or 10th, 2017.

Grab the full data somewhere and you could probably refine things a bit, even find a slightly non-linear equation that better fits the data.

And you thought your middle school algebra wouldn't ever be useful to you. Cool



Of course with ship skins out and seemingly proving to be popular, CCP may wind up doing more of them, which may well blow the approximate linear increase out of the water...

Member of the Goonswarm Economic Warfare Cabal

Claire Voyant
#36 - 2014-03-15 19:09:57 UTC  |  Edited by: Claire Voyant
mynnna wrote:
And you thought your middle school algebra wouldn't ever be useful to

Three words.
precalc. exponential. 2016.

Edit: May 11, 2016 using your numbers, but more likely March or September due to seasonal patterns.
Claire Voyant
#37 - 2014-03-15 20:11:04 UTC  |  Edited by: Claire Voyant
nevermind
mynnna
State War Academy
Caldari State
#38 - 2014-03-15 20:17:53 UTC
Indeed, and that's probably a better way to model the price rise anyway.


Point is, "not for a couple years at this rate" is the answer to the OP.

Member of the Goonswarm Economic Warfare Cabal

Jerome Gouillot
Center for Advanced Studies
Gallente Federation
#39 - 2014-03-16 13:16:07 UTC
Monics Shakhtar wrote:
deeks87 deacon wrote:
When i joined eve i remember a plex was 500m isk at best, now to plex my accounts it's costing me almost 700m isk and going up. Is there a reason for this and is it some ploy by CCP to force us to use RL cash to line there greedy CCP pockets?


I can sell you in private contract a PLEX for 680M !

Send me a private message if you are interested.


679,999,999.99 - convo me ingame
joyous the
Slippery Penguin
#40 - 2014-03-16 14:17:58 UTC
I remember paying 315mil for 100day codes, and 115 for 30s. I also remember having to pay 15$ for this game, for years. So quit bitching you get to play for free and stop being poor.