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PLEX manipulation in progress - ride the wave

Author
Little Dragon Khamez
Guardians of the Underworld
#21 - 2014-03-17 00:05:07 UTC
Beekeeper Bob wrote:
Little Dragon Khamez wrote:
LUMINOUS SPIRIT wrote:
Jita market all plex is bought up. There is literally 55 plex for sale under 1 bn, most of it in the 700 range. I counted.

When it happened before, PLEX spiked to 825-850 for a week.

Now is the time to ride the wave, and sell yours while prices are high - or buy the cheaper ones and relist.

Disclosure: Im also riding the wave ( altho im not the dude that bought the entire market out - my interest is in single digits ).


CCP takes the manipulation of the market place very seriously, people who have been caught doing this have been banned.


What kind of drugs have you been taking? Prices are manipulated on a daily basis by players, if you believe otherwise, I have a bridge in Dodixie I'd like to sell you.


Manipulation through in game activity is fine. I was trying to be subtle to the op as out of game manipulation through meta sources like forum posts are a bannable offence. he might be accused of stoking the market.

Dumbing down of Eve Online will result in it's destruction...

Benny Ohu
Royal Amarr Institute
Amarr Empire
#22 - 2014-03-17 00:09:18 UTC
LUMINOUS SPIRIT wrote:
oops im an idiot - had market sorted by quantity not price. my bad.

welp
Ralen Zateki
Gladiators of Rage
Fraternity.
#23 - 2014-03-17 00:20:40 UTC
Hello? Hellllloooo?
Sarah McKnobbo
Sebiestor Tribe
Minmatar Republic
#24 - 2014-03-17 04:39:06 UTC
Well that brightened up my night shift!
Shederov Blood
Deadly Viper Kitten Mitten Sewing Company
#25 - 2014-03-17 05:15:18 UTC
*Points and laughs at OP*Lol

Who put the goat in there?

Victor Andall
#26 - 2014-03-17 07:59:55 UTC
/spacepalm

I just undocked for the first time and someone challenged me to a duel. Wat do?

19.08.2014 - Dinsdale gets slammed by CCP Falcon. Never forget.

Salvos Rhoska
#27 - 2014-03-17 08:19:05 UTC  |  Edited by: Salvos Rhoska
No cause for concern.

Probably due to speculative buying in anticipation of increased demand for PLEX for AUR conversion in the proposed (as of yet uncertain) paintjob introduction, and a secondary wave of people reacting to the short swing.

The price will stabilise as PLEXs flow from other markets to restock Jita after someone has apparentky bought up a large quantity.

PLEX is backed by the Gods, and CCP is likely only to intervene in the case of tue price collapsing, not in it rising, which is "good" for CCP, as it means players are more likely to purchase gametime AND purchase PLEX for a larger ISK return.

Fuhermore, only a fraction of all PLEX trades in Jita. Because the volume of trade in PLEX in Jita is higher than aby one given place elsewhere in the universee, it might look like manipulation, but its ultimately only Jita, and only a result of someone buying a large quantity there in a short duration. This is one of the downsides of Jita being so the center of everyones attention. Easy to lose perspective on the wider picture.

If CFC or anyone else with enough organisation and funds made a concerted effort to undermine the PLEX market, it would invariably have been leaked and ALL markets would have been bought out simultaneously. I dont doubt they could do it, but it would be crazy to do so, as CCP would certainly intervene.

Would be hilarious imo, and economic warfare on an unprecedented level that would make it difficult for opposition to keep all their accounts PLEXed while you dish out your PLEX stash to your own guys through incentive programs. But the investment and organisation required is huge, and CCPs reaction unpredictable and indefensible. PLEXs seized, accounts frozen, etc.

All that is needed for a small swing like this, is someone buying say a few hundred PLEX at a peak Maeket time when many others are watchijg the price, and removing them from the market. The effect may snowball a bit as others react to capitalise on it, and the price will remain high for abit, but that is normal and fine.

Be worried if PLEX rises 100-200mil in a week.
Kaivar Lancer
Doomheim
#28 - 2014-03-17 11:23:40 UTC
Selling PLEX by regional market is so stupid anyway. Sell them by contract and you can sell to the entire Eve universe.
cpt Mark
Caldari Provisions
Caldari State
#29 - 2014-03-17 11:28:34 UTC
LUMINOUS SPIRIT wrote:
{EDIT} - i had market sorted by quantity not price, it turns out. ignore my post lol, my bad :)


Jita market all plex is bought up. There is literally 55 plex for sale under 1 bn, most of it in the 700 range. I counted.

When it happened before, PLEX spiked to 825-850 for a week.

Now is the time to ride the wave, and sell yours while prices are high - or buy the cheaper ones and relist.

Disclosure: Im also riding the wave ( altho im not the dude that bought the entire market out - my interest is in single digits ).



You're disclosing this because you want to enhance the wave and increase the profit levels because no one in EVE has the capital funds required to manipulate the PLEX market alone.

Thanks for this info.. I'll be keeping a close eye on things.
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