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What happened with the PLEX prices? They are over 740 mil

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Lucas Kell
Solitude Trading
S.N.O.T.
#121 - 2014-04-15 12:58:25 UTC
Nonsense, the recent drive in plex has been from people buying it up for fanfest tickets and the like. Isboxer accounts will drive a small demand, but not much. There's only a few people with large scale isboxer operations, and the rest would plex isboxer or not. Plex prices rose before isboxer you know...

A huge amount prior to fanfest was investors buying it up in preparation for the usual increase, and because plex is only likely to increase in price going forward as people will always want to get more for their money. If last week you sold a plex for 700m, you aren't likely to spend the same amount of money this week to get 600m, so you don't buy. Supply dips and the price increases back to what it was. Then as CCP add more ways to spend plex, the base prices step up and the cycle repeats keeping it at it's new level, and so plex prices will continue to rise. People with large amounts of isk are generally better keeping their isk as plex for this very reason.

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Kaarous Aldurald
Black Hydra Consortium.
#122 - 2014-04-15 13:33:18 UTC
Lucas Kell wrote:
Nonsense, the recent drive in plex has been from people buying it up for fanfest tickets and the like. Isboxer accounts will drive a small demand, but not much. There's only a few people with large scale isboxer operations, and the rest would plex isboxer or not. Plex prices rose before isboxer you know...

A huge amount prior to fanfest was investors buying it up in preparation for the usual increase, and because plex is only likely to increase in price going forward as people will always want to get more for their money. If last week you sold a plex for 700m, you aren't likely to spend the same amount of money this week to get 600m, so you don't buy. Supply dips and the price increases back to what it was. Then as CCP add more ways to spend plex, the base prices step up and the cycle repeats keeping it at it's new level, and so plex prices will continue to rise. People with large amounts of isk are generally better keeping their isk as plex for this very reason.


This is a good point.

Myself, I tend to have much less liquid isk than I do assets. Isk never appreciates, it can only depreciate relative to the value of goods.

"Verily, I have often laughed at the weaklings who thought themselves good because they had no claws."

One of ours, ten of theirs.

Best Meltdown Ever.
Vaerah Vahrokha
Vahrokh Consulting
#123 - 2014-04-15 13:56:15 UTC
Kaarous Aldurald wrote:
Lucas Kell wrote:
Nonsense, the recent drive in plex has been from people buying it up for fanfest tickets and the like. Isboxer accounts will drive a small demand, but not much. There's only a few people with large scale isboxer operations, and the rest would plex isboxer or not. Plex prices rose before isboxer you know...

A huge amount prior to fanfest was investors buying it up in preparation for the usual increase, and because plex is only likely to increase in price going forward as people will always want to get more for their money. If last week you sold a plex for 700m, you aren't likely to spend the same amount of money this week to get 600m, so you don't buy. Supply dips and the price increases back to what it was. Then as CCP add more ways to spend plex, the base prices step up and the cycle repeats keeping it at it's new level, and so plex prices will continue to rise. People with large amounts of isk are generally better keeping their isk as plex for this very reason.


This is a good point.

Myself, I tend to have much less liquid isk than I do assets. Isk never appreciates, it can only depreciate relative to the value of goods.


Actually, assets may lose value as well. Many put a lot of billions into BPOs, those BPOs are tied 1:1 with the value of ISK so they are also losing in value.

In general you want to differentiate your portfolio taking into account opposing trends markets.

Already seeing how things would go these days, long ago I have posted one rather interesting thread about correlation (direct and inverse) in the markets.

This sprung a very interesting study by a fellow trader who experimented with the concepts and put them in practice.

EvE Online portal | EvE markets tutorials
Lors Dornick
Kallisti Industries
#124 - 2014-04-15 14:11:55 UTC
Kaarous Aldurald wrote:


Myself, I tend to have much less liquid isk than I do assets. Isk never appreciates, it can only depreciate relative to the value of goods.


Isk creates more Isk, but not if it's locked in a wallet, only if (wisely) invested.

CCP Greyscale: As to starbases, we agree it's pretty terrible, but we don't want to delay the entire release just for this one factor.
Kaarous Aldurald
Black Hydra Consortium.
#125 - 2014-04-15 14:17:15 UTC
Vaerah Vahrokha wrote:


Actually, assets may lose value as well. Many put a lot of billions into BPOs, those BPOs are tied 1:1 with the value of ISK so they are also losing in value.

In general you want to differentiate your portfolio taking into account opposing trends markets.

Already seeing how things would go these days, long ago I have posted one rather interesting thread about correlation (direct and inverse) in the markets.

This sprung a very interesting study by a fellow trader who experimented with the concepts and put them in practice.


I am aware of this.

I didn't say that assets do not depreciate. I merely said that isk always does, and assets do so to a much lesser degree. Especially certain items, people will always need POS fuel, for example.

"Verily, I have often laughed at the weaklings who thought themselves good because they had no claws."

One of ours, ten of theirs.

Best Meltdown Ever.
Vaerah Vahrokha
Vahrokh Consulting
#126 - 2014-04-15 15:13:08 UTC
Kaarous Aldurald wrote:
Vaerah Vahrokha wrote:


Actually, assets may lose value as well. Many put a lot of billions into BPOs, those BPOs are tied 1:1 with the value of ISK so they are also losing in value.

In general you want to differentiate your portfolio taking into account opposing trends markets.

Already seeing how things would go these days, long ago I have posted one rather interesting thread about correlation (direct and inverse) in the markets.

This sprung a very interesting study by a fellow trader who experimented with the concepts and put them in practice.


I am aware of this.

I didn't say that assets do not depreciate. I merely said that isk always does, and assets do so to a much lesser degree. Especially certain items, people will always need POS fuel, for example.


Yes but look at the current nitrogen isotopes chart...

EvE Online portal | EvE markets tutorials
Solecist Project
#127 - 2014-04-15 15:18:12 UTC
Vaerah Vahrokha wrote:
Kaarous Aldurald wrote:
Vaerah Vahrokha wrote:


Actually, assets may lose value as well. Many put a lot of billions into BPOs, those BPOs are tied 1:1 with the value of ISK so they are also losing in value.

In general you want to differentiate your portfolio taking into account opposing trends markets.

Already seeing how things would go these days, long ago I have posted one rather interesting thread about correlation (direct and inverse) in the markets.

This sprung a very interesting study by a fellow trader who experimented with the concepts and put them in practice.


I am aware of this.

I didn't say that assets do not depreciate. I merely said that isk always does, and assets do so to a much lesser degree. Especially certain items, people will always need POS fuel, for example.


Yes but look at the current nitrogen isotopes chart...

VV!

Glad I found you!

Would you be interested in investing in change? :D

And I'm not referring to my ugly face! ^^

That ringing in your ears you're experiencing right now is the last gasping breathe of a dying inner ear as it got thoroughly PULVERISED by the point roaring over your head at supersonic speeds. - Tippia
Amyclas Amatin
SUNDERING
Goonswarm Federation
#128 - 2014-04-15 15:27:30 UTC
It's all a goon conspiracy.

https://soundcloud.com/eve-offline/mittani-april-sotg-link

Because that was posted on April 2nd, it's totally not an April Fool's joke!

For more information on the New Order of High-Sec, please visit: http://www.minerbumping.com/

Remember that whenever you have a bad day in EVE, the correct reponse is "Thank you CCP, may I please have another?"
Dave Stark
#129 - 2014-04-15 18:22:30 UTC
Doireen Kaundur wrote:
inflation?


inflation is like lupus.

it's never lupus.
Daerrol
Republic University
Minmatar Republic
#130 - 2014-04-15 18:56:44 UTC
IDK this level is not terribly unaffordable. I made 500m half-assing PVE last weekend. I don't plex my account, but it's really not that hard even at this level. Much rather would buy more T3 to get exploded in Null.
Vaerah Vahrokha
Vahrokh Consulting
#131 - 2014-04-15 20:37:43 UTC
Solecist Project wrote:
Vaerah Vahrokha wrote:
Kaarous Aldurald wrote:
Vaerah Vahrokha wrote:


Actually, assets may lose value as well. Many put a lot of billions into BPOs, those BPOs are tied 1:1 with the value of ISK so they are also losing in value.

In general you want to differentiate your portfolio taking into account opposing trends markets.

Already seeing how things would go these days, long ago I have posted one rather interesting thread about correlation (direct and inverse) in the markets.

This sprung a very interesting study by a fellow trader who experimented with the concepts and put them in practice.


I am aware of this.

I didn't say that assets do not depreciate. I merely said that isk always does, and assets do so to a much lesser degree. Especially certain items, people will always need POS fuel, for example.


Yes but look at the current nitrogen isotopes chart...

VV!

Glad I found you!

Would you be interested in investing in change? :D

And I'm not referring to my ugly face! ^^


At the moment I am sort of taking a pause, too much real life to live in my new life on this tropical island. P

EvE Online portal | EvE markets tutorials
Wesley Otsdarva
Federal Navy Academy
Gallente Federation
#132 - 2014-04-15 21:37:21 UTC
The biggest thing to me is, is that regardless of how many people are buying PLEX with real $$ there will always be more and more people buying it with isk. It's become something that the AVERAGE player aspires to do and after a few months of training, can easily do. And then they sub via plex in earnest.

It will just keep driving the price up and up and up. Just take a look at Serenity's plex prices, last I heard they were 3.5 billion a piece. Because nobody wants to pay for their accounts. This is where we are headed. (eventually) So just deal with it. In the end Someone has to pay for that PLEX one way or another.
Solecist Project
#133 - 2014-04-15 22:21:06 UTC
Vaerah Vahrokha wrote:
At the moment I am sort of taking a pause, too much real life to live in my new life on this tropical island. P
Tropical Island? da fuq? :D

That ringing in your ears you're experiencing right now is the last gasping breathe of a dying inner ear as it got thoroughly PULVERISED by the point roaring over your head at supersonic speeds. - Tippia
Hasikan Miallok
Republic University
Minmatar Republic
#134 - 2014-04-15 23:19:51 UTC
Unfounded but likely to be valid speculation ....



"The Easter holiday period that occurs in Catholic non-Orthodox countries this weekend will have a big effect on PLEX prices".
Octoven
Stellar Production
#135 - 2014-04-16 05:23:24 UTC
The issue regarding PLEX is simple economics, demand is greater than supply. The higher demand is not due to a greater number of people using a PLEX so much as a greater variety to use it for. PLEX used to be pretty much just subscription, but over the years CCP has unlocked its usage for other stuff, AUR, AT, Fanfest...not to worry if you cant make it, because for just a PLEX you can get HD quality. Aurum wasn't enough, they needed to provide a larger market for them so ship skins are released. They then decided, "hey lets allow people to dual character train an account for an extra PLEX...how could that possible strangle the PLEX market." PLEX prices soared once again when they decided, "well...it seems to not be Armageddon so lets allow triple!" This isn't even counting the PLEXes that were donated to certain causes, and while thats great...in a situation where there are tons of outlet it sucks.

It is a frightening prospect, in the last 6 months the price of a PLEX in Jita went from around 590-600 mil to 715 mil. Of those 6 months the first 5 months saw only about a 30 mil increase. In the last month alone the price shot up by nearly 80 mil. We all know PLEX goes up this time of year due to Fanfest, but it is exasperated by the massive flood of uses in the past month.

The simple truth here is that CCP has decimated the PLEX market. The demand will stay at a constant rate assuming they don't introduce any new ways to use a PLEX. The supply isn't going to increase that much, it will some, but not enough to offset the ratio thus leading to PLEX possibly hitting 800 mil by May maybe a billion by summer time. There just aren't enough people buying PLEX to sell in game. That isn't likely to change very much even with the massive ISK making opportunity. It may go down slightly after Fanfest....but in all honesty, it will never hit a stable line.

On a side note, a comment to CCP, pushing out tons of ways to use a PLEX does NOT by any means guarentee you more sells. You took a risk doing it, and failed. It would be better for you to try and at least minimize further damage by stop introducing crap to use for a PLEX until you can find a way to plug up this supply vs demand problem. People aren't going to exponentially buy PLEX to sell but they will exponentially buy to use.
Hasikan Miallok
Republic University
Minmatar Republic
#136 - 2014-04-16 07:51:04 UTC
Octoven wrote:
The supply isn't going to increase that much, it will some, but not enough to offset the ratio thus leading to PLEX possibly hitting 800 mil by May maybe a billion by summer time. There just aren't enough people buying PLEX to sell in game. That isn't likely to change very much even with the massive ISK making opportunity. It may go down slightly after Fanfest....but in all honesty, it will never hit a stable line.
.



I have heard people with huge amounts of ISK to speculate with comment on what they are buying up. The two things getting the most mentions are PLEX and Rattlesnake BPCs both of which were regarded as currently underpriced. Rattlesnake because there are Dev hints its getting a buff and PLEX because of an assumption it will stabilize around the billion mark.
Sex Slave Girl
Absolute Order XVIII
Absolute Will
#137 - 2014-04-16 12:41:08 UTC
Several reasons.

1. More sinks to use plex for (character training, AUR store)
2. Supply and Demand
3. Reseller marketeers (they make more isk by stocking and reselling)
4. Market exploiters (They have a large sum of isk to have strong influence on the market, probably working with number 3)
Solecist Project
#138 - 2014-04-16 12:43:02 UTC
Sex Slave Girl wrote:
Several reasons.

1. More sinks to use plex for (character training, AUR store)
2. Supply and Demand
3. Reseller marketeers (they make more isk by stocking and reselling)
4. Market exploiters (They have a large sum of isk to have strong influence on the market, probably working with number 3)

I can't blieve that they let you get away with that name. lol

Not saying I'm against it! :D

That ringing in your ears you're experiencing right now is the last gasping breathe of a dying inner ear as it got thoroughly PULVERISED by the point roaring over your head at supersonic speeds. - Tippia
Sex Slave Girl
Absolute Order XVIII
Absolute Will
#139 - 2014-04-16 12:49:09 UTC
Quote:

I can't blieve that they let you get away with that name. lol

Not saying I'm against it! :D


I don't think it breaks any rules. Sex is a normal word right... Or am I NTFW?
Malcolm Shinhwa
The Scope
Gallente Federation
#140 - 2014-04-16 15:36:56 UTC  |  Edited by: Malcolm Shinhwa
Octoven wrote:

The simple truth here is that CCP has decimated the PLEX market. The demand will stay at a constant rate assuming they don't introduce any new ways to use a PLEX. The supply isn't going to increase that much, it will some, but not enough to offset the ratio thus leading to PLEX possibly hitting 800 mil by May maybe a billion by summer time.


If that happens I will never shoot another red cross again. Which would actually be kind of a bummer at the same time. Earning things in game, like isk for ships, is actually somewhat satisfying.

[i]"The purpose of fighting is to win. There is no possible victory in defense. The sword is more important than the shield and skill is more important than either. The final weapon is the brain. All else is supplemental[/i]."