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Market Discussions

 
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Plex Prices

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Jennifer Light
School of Applied Knowledge
Caldari State
#41 - 2014-11-17 11:32:03 UTC
I Still remember the days when PLEX used to cost 300 - 350 mil. I was like why so expencive Evil
Ahhh the old good days. Lol
Xanato Kaso
Frozen Flames
#42 - 2014-11-17 21:01:40 UTC
Jennifer Light wrote:
I Still remember the days when PLEX used to cost 300 - 350 mil. I was like why so expencive Evil
Ahhh the old good days. Lol


I remember then as well.
Xanato Kaso
Frozen Flames
#43 - 2014-11-17 21:02:43 UTC
Athanor Ruthoern wrote:
Another factor to put into condieration is dual character training and it has become more popular to have multiple character for dual boxing with multi boxing hardware and software becoming legal. CCp has formerly confirmed that they keept plex prices artificially low with confiscaded it is unknown ot me if this stil is the case or the stopped with it.



what do you mean keeping pricces artificially low?
Alek Azam
Federal Defense Union
Gallente Federation
#44 - 2014-11-17 21:27:14 UTC
Stored plex were removed from banned accounts. This was used by CCP not to keep prices low, but to smooth large price spikes. The aim was to allow the market to move but not have huge changes in price.

Blog: http://sellyourmainbro.blogspot.co.uk/

Twitter: @_Alek_Azam_
Nemah Xadi
Hedion University
Amarr Empire
#45 - 2014-11-18 00:48:57 UTC
Alek Azam wrote:
Stored plex were removed from banned accounts. This was used by CCP not to keep prices low, but to smooth large price spikes. The aim was to allow the market to move but not have huge changes in price.


So the only question then is, how do we get more people with plex banned?

Save Nemah!
Claire Voyant
#46 - 2014-11-18 02:11:43 UTC
Nemah Xadi wrote:
Alek Azam wrote:
Stored plex were removed from banned accounts. This was used by CCP not to keep prices low, but to smooth large price spikes. The aim was to allow the market to move but not have huge changes in price.


So the only question then is, how do we get more people with plex banned?

I doubt that there is any shortage of confiscated PLEX. It is possible that the real reason we haven't seen an intervention yet is that the Eve Central Banker left to run a small community college in northern Iceland about five months ago and no one has been named to fill his clown-sized shoes.
Alek Azam
Federal Defense Union
Gallente Federation
#47 - 2014-11-18 10:30:31 UTC
Pretty sure they said they did intervene. But wouldn't say at what point or how many plex were used.

Blog: http://sellyourmainbro.blogspot.co.uk/

Twitter: @_Alek_Azam_
Kaivar Lancer
Doomheim
#48 - 2014-11-18 11:18:24 UTC
Don't care about the reason. At this point I'm letting my account expire. 1b PLEX is ridiculous.
Bl1SkR1N
13th HOUR
#49 - 2014-11-18 15:04:45 UTC
I would really die for seeing how many plexes pilots actually have sitting in hangars. These prices are not caused by people subbing accounts.
Nominae Malaketh
Doomheim
#50 - 2014-11-18 15:44:17 UTC
Real money for plex plus rising PLEX prices has created a run away inflation effect. We just have to wait for the market to either stabalize or crash. As prices continue to rise more people will see a resonable profit in buying plex for real cash and selling it for isk. My primary question is who out there is buying plex at such outrageous prices to keep the market rising?
RAW23
#51 - 2014-11-18 15:56:11 UTC
Nominae Malaketh wrote:
Real money for plex plus rising PLEX prices has created a run away inflation effect. We just have to wait for the market to either stabalize or crash. As prices continue to rise more people will see a resonable profit in buying plex for real cash and selling it for isk. My primary question is who out there is buying plex at such outrageous prices to keep the market rising?


I'm sure the people making absurd amounts of isk pushing the plex market higher will be using plex to pay for their accounts Big smile

Also, lots of traders and industrialists for whom a few bil a month on plex is no great problem. Also wormholers, dedicated null ratters, incursioners and pretty much anyone who makes multiple billions a week (or a day) with relative ease.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.
Ria Nieyli
Nieyli Enterprises
SL33PERS
#52 - 2014-11-18 15:57:10 UTC
Nominae Malaketh wrote:
Real money for plex plus rising PLEX prices has created a run away inflation effect. We just have to wait for the market to either stabalize or crash. As prices continue to rise more people will see a resonable profit in buying plex for real cash and selling it for isk.


Not really. People that would buy PLEX for $ already do. It just means that they need to buy less plex than they used to, so there's an even lesser amount of units entering the market.
flakeys
Doomheim
#53 - 2014-11-18 15:58:27 UTC
Nominae Malaketh wrote:
Real money for plex plus rising PLEX prices has created a run away inflation effect. We just have to wait for the market to either stabalize or crash. As prices continue to rise more people will see a resonable profit in buying plex for real cash and selling it for isk. My primary question is who out there is buying plex at such outrageous prices to keep the market rising?



People who don't feel paying rl cash for this game is worth it ?So the question is at what point does the need to grind exceed the will to pay rl cash OR the will to play at all.I see a lot of people rather completely unsibbing then spending rl cash on eve , but that's just my view on it .... and yes it probably is biased .

Speaking for myself , i subbed till summer 2018 a month ago to play skill-online .

We are all born ignorant, but one must work hard to remain stupid.
Meilandra Vanderganken
Aliastra
Gallente Federation
#54 - 2014-11-18 16:02:56 UTC
Nominae Malaketh wrote:
Real money for plex plus rising PLEX prices has created a run away inflation effect. We just have to wait for the market to either stabalize or crash. As prices continue to rise more people will see a resonable profit in buying plex for real cash and selling it for isk. My primary question is who out there is buying plex at such outrageous prices to keep the market rising?

PLEX is a weird market. Rising PLEX prices does not mean more ppl will be spending RL cash to get them for isk per se. In fact, as everyone who is buying PLEX with RL cash is getting MORE isk for their money, they don't need to buy as many PLEX with RL cash as they did before to get the same ammount of isk.
Bl1SkR1N
13th HOUR
#55 - 2014-11-18 16:47:21 UTC
Lets all hoard plexes and see how high we can get them
Xanato Kaso
Frozen Flames
#56 - 2014-11-18 18:30:35 UTC
I know of one guy who has 800+ PLEX that he is hoarding.... and im sure he isnt the only one..... so im sure there is hundreds of thousands of plex sitting in storage waiting to see how high it goes...
Obunagawe
#57 - 2014-11-18 18:37:59 UTC
Xanato Kaso wrote:
I know of one guy who has 800+ PLEX that he is hoarding.... and im sure he isnt the only one..... so im sure there is hundreds of thousands of plex sitting in storage waiting to see how high it goes...


At least 1.5 million PLEX if my calculations based on CCCP's financial report are correct. Could be a lot more if the "liability" value of a PLEX is a lot less than it's $17.50 "sale" value.
Meilandra Vanderganken
Aliastra
Gallente Federation
#58 - 2014-11-18 18:43:24 UTC  |  Edited by: Meilandra Vanderganken
Obunagawe wrote:
Xanato Kaso wrote:
I know of one guy who has 800+ PLEX that he is hoarding.... and im sure he isnt the only one..... so im sure there is hundreds of thousands of plex sitting in storage waiting to see how high it goes...


At least 1.5 million PLEX if my calculations based on CCCP's financial report are correct. Could be a lot more if the "liability" value of a PLEX is a lot less than it's $17.50 "sale" value.

An article I read somewhere (can't remember where) said that the number of PLEX 'hoarded' was pretty constant throughout the past few years. Of course that could have changed this year but if his analyis of the financial report were correct then that would mean that PLEX 'hoarding' has not been the driving force behind rising PLEX prices in the past, which in my book makes it unlikely (not impossible mind you) that it has been the driving force in rising prices lately.

Edit: and if the financial report is correct of course. As we all know, no know company in the world does 'window dressing' of it's financial figures, amirite? Roll

If by some bookkeeping trick they decided that PLEX's liability value is now half of what it was last year, then my conclusion does not stand.
Lilly The Pink
Doomheim
#59 - 2014-11-18 19:10:21 UTC
Well prices are rising so much I'm becoming tempted to hoard some myself.

However from past experience as a rubbish market speculator if an item is looking like a 'must' investment and I decide to throw money at it you can be pretty certain the 'bubble' is about to pop! ShockedLol
Meilandra Vanderganken
Aliastra
Gallente Federation
#60 - 2014-11-18 19:31:01 UTC
Lilly The Pink wrote:
Well prices are rising so much I'm becoming tempted to hoard some myself.

However from past experience as a rubbish market speculator if an item is looking like a 'must' investment and I decide to throw money at it you can be pretty certain the 'bubble' is about to pop! ShockedLol

I do 'some' PLEX hoarding. If I have excess isk that is not used by my trading alts I drop a portion of it into PLEX. Historically, PLEX and b4 that GTC have always gone up in isk value with only minor corrections downwards. It is prolly the most safe investment you can ever do in EVE. Buy a PLEX now and it's almost guaranteed it will be worth more a year from now.

Even if PLEX prices would halve or more, the worst thing that is happening is that I have a bunch of PLEX stored to pay for my accounts for about a year. I can't see PLEX prices crash that hard and stay at such a level for any significant lenght of time though. For that to happen I reckon the game should either be near death (not the case right now and see no reason why that would be the case a year from now), markets could get weird at that point, or, for EVE to become immensely popular with the "I can and don't mind spending tons of cash on a video game"-crowd. The latter being unlikely too...