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Is PLEX crashing?

Author
Abyssum Invocat
Yet Another Tax Haven
#1 - 2014-07-12 01:33:05 UTC
The price dropped pretty notably in Dodixie. Do you guys think this is the end of the bubble?
Evil Brock Nelson
#2 - 2014-07-12 01:38:12 UTC
No
Angsty Teenager
Broski North
#3 - 2014-07-12 02:05:39 UTC
Abyssum Invocat wrote:
The price dropped pretty notably in Dodixie. Do you guys think this is the end of the bubble?


There is no bubble, you are dumb.
Nemah Xadi
Hedion University
Amarr Empire
#4 - 2014-07-12 03:05:20 UTC
Are you the guy who sold off your stock to crash the price, and now you're starting threads like this to crash it even further because you don't care?

You bastard.

I still have 50b in plex.

Please lets get back to the threads about how the price is rising and always will.
Erin Crawford
#5 - 2014-07-12 09:51:43 UTC
yes!
This is the end!

"Those who talk don’t know. Those who know don’t talk. "

Obunagawe
#6 - 2014-07-12 10:00:57 UTC
Rising again as people wake up to the lower prices and buy bulk PLEX.
Dave stark
#7 - 2014-07-12 14:01:01 UTC
no, plex isn't crashing. we're just going back to business as usual. after everyone plexed their new accounts.
Steve Celeste
Doomheim
#8 - 2014-07-12 16:48:39 UTC
Yes!!

It is crashing right into my buy orders.
Colonel Napalm
Monocless
#9 - 2014-07-13 02:57:10 UTC  |  Edited by: Colonel Napalm
Yes it is ! Go sell all your plex before it falls too loow ! Lol
Creamdream
Whatever Brah
#10 - 2014-07-14 01:43:19 UTC
Dave Stark wrote:
no, plex isn't crashing. we're just going back to business as usual. after everyone plexed their new accounts.


Why so serieus brohan?
Sabriz Adoudel
Move along there is nothing here
#11 - 2014-07-14 03:05:34 UTC
I think the short-term price hike caused by Power of Two is probably over.

That doesn't mean the long term factors that increase PLEX prices have changed at all - mainly, that the number of medium skillpoint players capable of efficiently generating ISK (via a variety of measures) has increased faster than the number of people looking to spend RL cash for ISK in an EULA-compliant fashion.

I support the New Order and CODE. alliance. www.minerbumping.com

Taram Caldar
Royal Black Watch Highlanders
#12 - 2014-07-15 22:50:17 UTC  |  Edited by: Taram Caldar
Sabriz Adoudel wrote:
I think the short-term price hike caused by Power of Two is probably over.

That doesn't mean the long term factors that increase PLEX prices have changed at all - mainly, that the number of medium skillpoint players capable of efficiently generating ISK (via a variety of measures) has increased faster than the number of people looking to spend RL cash for ISK in an EULA-compliant fashion.



Dunno.... eventually it's going to crash. It's starting to be offset by the number of players moving away from plexing accounts and back to paying subscriptions instead and cancelling accounts they rarely need due to the stupidly high prices of plex.

As of right now it takes over 4 hours of game time, even in some of the most profitable isk making methods, to get the isk for 1 plex for an account. In that same 4 hours, even if you worked at minimum wage, you can make many many many times the $14.95 a subscription fee costs so it comes down to:

Would I rather grind for 4 hours+ in game or just pay $14.95 for the same benefit?

Simple answer: I'll pay the $14.95

"No bastard ever won a war by dying for his country.  He won it by making the other poor dumb bastard die for his country."

Zappity
New Eden Tank Testing Services
#13 - 2014-07-16 09:48:07 UTC
It will burst when CCP fixes sov. Then people will reactivate accounts and liquidate their investment plex for isk to spend. Plex price will keep rising until the number of online users (not active accounts) starts to increase again.

Zappity's Adventures for a taste of lowsec and nullsec.

Elbie Klep
Aliastra
Gallente Federation
#14 - 2014-07-16 20:02:05 UTC
Abyssum Invocat wrote:
The price dropped pretty notably in Dodixie. Do you guys think this is the end of the bubble?


The ultimate source of plex is new players who desperately need ISK and use their credit cards to get it. I've been away for 18 months, but the first thing I noticed on returning was that the player login level was the same as it was two years ago. Essentially the growth has stopped. That is most likely because new players don't stick around anymore.

EVE is no longer a friendly place for those interested in the RPG part unless they have mature positions with lots of ISK. The gap between mature positions and noob positions is huge. The traditional stepstone after mining for noobs is manufacturing, but they can't make money with T1 stuff because it is a seller's market and the Dance Of The Cents over nine years has driven it to mineral value. (CCP really needs to fix the way overlapping buy/sell orders are resolved.) It is too easy to war decl small corps and PvP corps are making that into an industry. What noob wants to hide in a station for one week out of three? CCP seems to be actively supporting ganking, even pure griefing. I can afford to lose the odd freighter out of petty cash, but to a noob that Obelisk, Orca, Hulk, or faction L4 runner is a huge investment that took them a long time to get. (1/3 of the value per month for insurance? How many noobs can afford that for large ships?) That's severe frustration.

The bottom line is that the only noobs who stick around are the ones who like to blow things up rather than build things. That influx isn't enough to support the internal demand for plex from mature accounts, so there is no place for the price to go but up.
Ria Nieyli
Nieyli Enterprises
When Fleets Collide
#15 - 2014-07-16 21:40:17 UTC
I'm a new player. Can you explain to me why am I supposed to be buying plex to generate isk for myself? That would suggest that the market is inflated to the point where new players can't properly fund themselves with their ingame activities, and in turn offers little incentive for them to stick around. In my experience, this has not been the case.
Zappity
New Eden Tank Testing Services
#16 - 2014-07-16 21:49:03 UTC
Ria Nieyli wrote:
I'm a new player. Can you explain to me why am I supposed to be buying plex to generate isk for myself? That would suggest that the market is inflated to the point where new players can't properly fund themselves with their ingame activities, and in turn offers little incentive for them to stick around. In my experience, this has not been the case.

Of course you don't have to. In game ways to make ISK haven't changed, plex is just a shortcut option.

Cost of subscription via plex is another matter. But I don't see why CCP would want to make that easier.

Zappity's Adventures for a taste of lowsec and nullsec.

Ria Nieyli
Nieyli Enterprises
When Fleets Collide
#17 - 2014-07-16 22:26:24 UTC
Zappity wrote:
Ria Nieyli wrote:
I'm a new player. Can you explain to me why am I supposed to be buying plex to generate isk for myself? That would suggest that the market is inflated to the point where new players can't properly fund themselves with their ingame activities, and in turn offers little incentive for them to stick around. In my experience, this has not been the case.

Of course you don't have to. In game ways to make ISK haven't changed, plex is just a shortcut option.

Cost of subscription via plex is another matter. But I don't see why CCP would want to make that easier.


By funding myself I meant ships, mods etc. I've seen other people say that new players should be converting plex to isk too, so it got me wondering.

Consuming plex for subscription purposes is an entirely different subject that I wasn't touching on.
Elizabeth Norn
Nornir Research
Nornir Empire
#18 - 2014-07-17 01:25:42 UTC  |  Edited by: Elizabeth Norn
It depends how you play., for someone who wants a head start to trade, or someone with less time to play, PLEX can give them the ISK to continue advancing without having to wait even longer in order to grind the ISK. On the other hand you get clueless people dropping $3000 on missioning ships and then losing them in pitiful ways.
Tulber
#19 - 2014-07-17 01:56:19 UTC  |  Edited by: Tulber
Ria Nieyli wrote:

By funding myself I meant ships, mods etc. I've seen other people say that new players should be converting plex to isk too, so it got me wondering.


*Should* is inappropriate verbiage for anyone to be using. Value is subjective. You cannot derive an ought (eg. should) from an is. Because PLEX buys X amount of isk does not mean you should sell or buy PLEX. What people mean when they say this, unless they're idiots, is that they value their time more than the cash they're spending on PLEX vis a vi what time they would spend grinding isk manually. As an example, a surgeon might be good at mowing lawns, he might even be better than his neighborhood kid who mows the lawn for him; however, he doesn't mow his lawn because he makes way more doing surgery and in the little off time he has he'd just like to enjoy himself and not perform the work of mowing the lawn. The option to pay his neighbor kid to do it doesn't mean he shouldn't mow his lawn, but he can and does chose not to do so because he values his free time more highly than doing it himself.

To relate this back to EVE, and more appropriately to narrow it a bit to the newbies situation: Assuming you had cash that you didn't mind spending on PLEX, you can make an order of magnitude more isk simply selling a PLEX per month or every other month even, than simply plugging away at low level missions or some other typical newbie task. That being said, as a newbie you also incur far less cost to operate (by which I mean, pvp and losing ships) than your vet counterparts, so it really comes down to a wash based on your own opinions.

Currently, on this character I have an alpha clone and can only fly t1 fitted t1 frigates. That means a weekend of pvp costs me on the order of a few million isk which I can easily recoup during the week by doing a few hours of exploration a night, which I also enjoy. I do also have the option of selling a PLEX and being good on frigate replacements for months, but I've yet to take it because I don't really see the point in skipping content while I still like it. Perhaps later I'll take that option, but for now I'm satisfied.

Summarily, there's absolutely nothing compelling you to purchase and sell PLEX. It's simply an outlet for those with little time to play the game who want to make sure every moment of their game time is specifically tailored to their desired content and does not have to include any grinding, which they're essentially paying someone else' subscription time to do for them.
Zappity
New Eden Tank Testing Services
#20 - 2014-07-17 01:57:09 UTC
Yes, entirely up to you. If you want to mission, faction warfare, wormhole, trade, whatever for isk then you are welcome to. If you choose not to spend your time earning isk but prefer to just sell a plex for spending isk then you can do that too. No pressure either way - just a question of how much time vs isk you have to spend.

Zappity's Adventures for a taste of lowsec and nullsec.

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