Market Discussions

All are my orders.

Just curious, how do you feel about sitting on 200-300 PLEX when they lose over 30m in value in one day

I'm actually chilling (literally drinking a chilled redbull) and having fun

I noticed late night US time is when PLEX usually gains, and loses in the morning.

Nudging it down some more :)

Note new fake buy orders at 400, that's probably Ice :)

Freefall time!111 Don't miss the train :)

i think the price will crash much further because i'm seeing a lot of selling.. the 170@397m buy order almost sold through and this is not typical for this hour of day. At this rate the price might collapse to below 360 i think.

Plus I'm sure you've all seen the CCP sale ad for plexes.

Best part is the sudden stop.

Don't expect the PLEX price to go way under 400m, there are endless piles of legal and illegal ISK waiting to buy out the market. I'm not talking about minor traders like me or any big guns which are waiting for a price drop, if i'm not mistaken the RMT mafia focused on PLEX and that means infinite ISK from botting.
I can't prove how far the RMT mafia is involved but it seems dropping PLEX in space is by far the most common method since CCP changed PLEX to be transportable. It's simple, PLEX has the perfect ISK to m^3 ratio and the high trading volume makes it hard to track. Just compare PLEX to say Tritanium for ISK laundering, Trit has a very high trading volume but moving 10b ISK worth of Trit is not practicable other options would be Officer mods but they aren't easy to sell or pricestable let alone the small trading volume.

If I'm correct and most RMT shops are buying PLEX to laundry ISK this will cause more demand combined with less new created PLEX > higher price. Still the question is how big is the RMT factor compared to players stop paying via CC and buying PLEX since the summer rage.
It would be interesting to see the exact PLEX trading volume since 6 month before CCP made PLEX transportable until now in relation to the number of active accounts at any time. I bet you will see at least a significant if not a huge rise of PLEX trading volume in relation to active account numbers.

For CCP it's a bit tricky as basically they are making more $ from selling PLEX than via CC subs but PLEX sells are more uncertain, less predictable than the regular sub via CC.