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

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Lady Areola Fappington
#161 - 2014-05-02 12:11:03 UTC
Hasikan Miallok wrote:


Not sure if it does much good. At Jita earlier today some batches of 30 or so PLEX appeared at 20 or 30 mill below market buy.

Within 2 minutes someone had bought up all 30 and re-listed at market price.



Could be just pushing more plex out into the market, to meet demand and nudge prices downward.

It's either that, or they just throw a massive, massive stack plex on the market for a set price, to force everyone else to sell plex lower.

It actually behooves CCP to keep the market right at the perfect point to get plex redeemed out of system fast. Too high, and people horde, too low, nobody purchases with RL cash. CCP can't really recognize the full net value of the plex as income, till it's redeemed back out of the system for gametime/aur/fanfest tickets/whathaveyou.

At best, we know CCP makes the full purchase price in income when a plex burns in an explosion. I don't think CCP has ever released what net expenses an account costs them on average per month.

7.2 CAN I AVOID PVP COMPLETELY? No; there are no systems or locations in New Eden where PvP may be completely avoided. --Eve New Player Guide
Kaivar Lancer
Doomheim
#162 - 2014-05-02 12:19:55 UTC
CCP is always finding new ways for players to spend PLEX. Every time that happens, demand for PLEX rises.

On the supply side, people aren't motivated to sell PLEX unless they need ISK. ISK consumption has probably remained steady, so the supply of PLEX is static.
LHA Tarawa
Pator Tech School
Minmatar Republic
#163 - 2014-05-02 13:37:00 UTC
KatanTharkay wrote:
Malcanis wrote:
Who are you talking to? The people who are paying for your subs? Your argument seems to be that they should get less ISK for their money because you want to play for free more easily.

Seeing the trade like this is wrong. What are people actually trading is time (quantifiable) and fun (subjective). For me is time effective and less boring to sell PLEX rather than doing PVE to get ISK.
Note: not talking about PLEX / ISK value: the more the better and the market booms.


Malcanis has it right.

People that buy PLEX with real money are paying for someone else to grind ISK for them. The market is basically a bid system where that real world money payer is bidding to see how much grinding others are willing to do.

Price will rise until more people buy PLEX with real, or fewer people grind and use ISK profits to get IPLEX.