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Plex Prices

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Alcaine Elias
Doomheim
#161 - 2014-12-06 14:13:17 UTC
Alexi Stokov wrote:
Pak Narhoo wrote:
SabotNoob wrote:
I just came back to EVE 4 days ago from a 10 month break. PLEX was 650-ish million when I left. Imagine my surprise.

What's further shocking is that I went through some of my random notes on the in-client notepad, and there was a reference to PLEX costing 325 million when I first started playing EVE in early 2010.

Hard to believe it rose by half a billion in 4 years.


I remember 2008 when 1 month GTC's where 230-250

Funny http://dl.eve-files.com/media/0801/GTC-1-02-08.zip (Posted - 2007.12.18)



I remember when you could get a 90 day GTC for 450 million. If it got to 530 that was "expensive"

Good times. I was happy to log back in with a few PLEX in my hangar. I should have bought more.
Awesome MILF
Doomheim
#162 - 2014-12-09 17:10:41 UTC
Xanato Kaso wrote:
Ria Nieyli wrote:
Xanato Kaso wrote:
I enjoy mining, I just dont enjoy having the fruits of my labor get wasted on PLEX, and then having to waste even more because someone felt like manipulating the market.


Have you considered subscribing with cash? Instant solution.




Yeah I am legally disabled, unable to work going through chemotherapy and on an extremely fixxed income with no way to change it. Paying for EVE is not possible. The only reason I am able to play is because of PLEX


What about running, lets say... 4 accounts? This is an Orca/Rorqual plus 3 miners.

Running 7 accounts is a bit overkill imho and maybe, just maybe you will enjoy the game more. You get the chance of looking your beautiful ship more than 10 seconds before alt-tabbing to the next client.
Ione Hunt
Storm Solutions
#163 - 2014-12-09 19:03:46 UTC
Aurelius Valentius wrote:


When PLEX is high hold them, and only use them as needed, when PLEX is low accumulate more if you can, this is the "way of the PLEX" - zen style.


/end thread

Seriously, this is all people need to realise and accept.
Meilandra Vanderganken
Aliastra
Gallente Federation
#164 - 2014-12-12 10:27:50 UTC
Ione Hunt wrote:
Aurelius Valentius wrote:


When PLEX is high hold them, and only use them as needed, when PLEX is low accumulate more if you can, this is the "way of the PLEX" - zen style.


/end thread

Seriously, this is all people need to realise and accept.

And turn them into iskies at your leisure Smile

Small crash seems to be in progress atm again. Time to buy :)
Mr Omniblivion
Ministry of War
Amarr Empire
#165 - 2014-12-12 22:44:10 UTC
What a weak manip attempt
Marsan
#166 - 2014-12-13 00:49:12 UTC
Personally with the multiboxing changes I'm serious thinking of converting a large amount of my isk to trit, ice and the like rather than invest any more in plex.

Former forum cheerleader CCP, now just a grumpy small portion of the community.
Meilandra Vanderganken
Aliastra
Gallente Federation
#167 - 2014-12-13 06:04:11 UTC
Marsan wrote:
Personally with the multiboxing changes I'm serious thinking of converting a large amount of my isk to trit, ice and the like rather than invest any more in plex.

Isboxers claim they already have workarounds for the nerf. Sure, they might have to perform 10 clicks instead of one now and use fleetwarp but I reckon that's a burden they are able to carry Lol
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#168 - 2014-12-13 06:50:29 UTC
Meilandra Vanderganken wrote:
Marsan wrote:
Personally with the multiboxing changes I'm serious thinking of converting a large amount of my isk to trit, ice and the like rather than invest any more in plex.

Isboxers claim they already have workarounds for the nerf. Sure, they might have to perform 10 clicks instead of one now and use fleetwarp but I reckon that's a burden they are able to carry Lol

Multiboxing is still a thing and it still eats up muchos PLEX.

I've multiboxed pretty much everything in EVE, including a lot of things people still tell me you cannot multibox, and I've never used any input multiplication. I have however eaten a metric **** ton of PLEX.

Talking about this is reminding me of the frankly embarrassing amount of money I spent on multiple subscriptions before I eventually switched over to PLEX.
Damjan Fox
Fox Industries and Exploration
#169 - 2014-12-13 15:30:04 UTC
Quote:
Small crash seems to be in progress atm again. Time to buy :)


You don't want to wait a little till beginning of next year? With all the multibox alt accounts running out of subscription, i would assume, we'll see a slight price drop in january, don't you think?

Proposal: >>> New Inventory / Item Hangar <<<
Toad The Hitchhiker
Science and Trade Institute
Caldari State
#170 - 2014-12-14 00:28:02 UTC  |  Edited by: Toad The Hitchhiker
Damjan Fox wrote:
Quote:
Small crash seems to be in progress atm again. Time to buy :)


You don't want to wait a little till beginning of next year? With all the multibox alt accounts running out of subscription, i would assume, we'll see a slight price drop in january, don't you think?



The only thing keeping Plex up now is the fact that so much of them are being used to transfer characters. Look at the number of Ishtar, Miner and boost characters for sale and tell me multibox changes haven't effected anything Roll

Once all those accounts are firesold, or just unsubbed I predict a large flood of PLEX on the market as these accounts going from say 20 to 5 won't need the stockpile anymore.


https://forums.eveonline.com/default.aspx?g=posts&t=389930&find=unread There is 8x bombers gone and the guy even lists Isboxer as the reason lol Front page has 3x sets of miner toons and a set of marauder toons.
Meilandra Vanderganken
Aliastra
Gallente Federation
#171 - 2014-12-14 02:24:52 UTC
Toad The Hitchhiker wrote:


The only thing keeping Plex up now is the fact that so much of them are being used to transfer characters. Look at the number of Ishtar, Miner and boost characters for sale and tell me multibox changes haven't effected anything Roll

Once all those accounts are firesold, or just unsubbed I predict a large flood of PLEX on the market as these accounts going from say 20 to 5 won't need the stockpile anymore.


https://forums.eveonline.com/default.aspx?g=posts&t=389930&find=unread There is 8x bombers gone and the guy even lists Isboxer as the reason lol Front page has 3x sets of miner toons and a set of marauder toons.

The thing is: all those chars on firesale will have to be dedicated to an account. I very much doubt they are being bought to sit in an unsubbed account. Because of this, I do not expect the ammount of subbed accounts to drop significantly in the grand scheme of things.

Listing one link to someone fireselling his chars is by no means proof of pending PLEX market price crash. Even with the news out on the isboxer nerf for quite some time, PLEX prices have not even dropped below the last spike peak (the summer one). That price peak was at about 820 million at it's height. We are still well above that atm.

I'm pretty sure that if you buy PLEX now, you'll be able to sell it within a year for 200+ million profit. If you're daytrading PLEX in jita atm, well, that's another story, but I'm not in the PLEX trade for daytrading in general. I just funnel "excess" isk into PLEX, turning it into more isk at my leisure. The worst thing that can happen is that I end up with a bunch of PLEX to sub my accounts with if they become worthless in terms of isk. Sounds like a pretty good deal to me...
Toad The Hitchhiker
Science and Trade Institute
Caldari State
#172 - 2014-12-15 02:32:30 UTC
Meilandra Vanderganken wrote:
Toad The Hitchhiker wrote:


The only thing keeping Plex up now is the fact that so much of them are being used to transfer characters. Look at the number of Ishtar, Miner and boost characters for sale and tell me multibox changes haven't effected anything Roll

Once all those accounts are firesold, or just unsubbed I predict a large flood of PLEX on the market as these accounts going from say 20 to 5 won't need the stockpile anymore.


https://forums.eveonline.com/default.aspx?g=posts&t=389930&find=unread There is 8x bombers gone and the guy even lists Isboxer as the reason lol Front page has 3x sets of miner toons and a set of marauder toons.

The thing is: all those chars on firesale will have to be dedicated to an account. I very much doubt they are being bought to sit in an unsubbed account. Because of this, I do not expect the ammount of subbed accounts to drop significantly in the grand scheme of things.

Listing one link to someone fireselling his chars is by no means proof of pending PLEX market price crash. Even with the news out on the isboxer nerf for quite some time, PLEX prices have not even dropped below the last spike peak (the summer one). That price peak was at about 820 million at it's height. We are still well above that atm.

I'm pretty sure that if you buy PLEX now, you'll be able to sell it within a year for 200+ million profit. If you're daytrading PLEX in jita atm, well, that's another story, but I'm not in the PLEX trade for daytrading in general. I just funnel "excess" isk into PLEX, turning it into more isk at my leisure. The worst thing that can happen is that I end up with a bunch of PLEX to sub my accounts with if they become worthless in terms of isk. Sounds like a pretty good deal to me...


One of the reasons to buy an account instead of skill a character is to put it as your 3rd slot. I would wager a person buying a low skilled Mackinaw pilot that is one of 10 on sale with the same name as someone else isn't going to set up a new account just for that to be their new main. I would wager it is a side character to mine when something is going on they can't or won't use their main.

Also, many of these characters are being sold using the 2x plex in their accounts to transfer, after they transfer they may go to an account that is paypal based, or otherwise. Either way it is a negative pressure on PLEX. There are many negative pressures on PLEX and until subcription numbers increase I don't see much strong short term support.
Jerry T Pepridge
Meta Game Analysis and Investment INC.
#173 - 2014-12-15 03:15:15 UTC
Toad The Hitchhiker wrote:

One of the reasons to buy an account instead of skill a character is to put it as your 3rd slot. I would wager a person buying a low skilled Mackinaw pilot that is one of 10 on sale with the same name as someone else isn't going to set up a new account just for that to be their new main. I would wager it is a side character to mine when something is going on they can't or won't use their main.

Also, many of these characters are being sold using the 2x plex in their accounts to transfer, after they transfer they may go to an account that is paypal based, or otherwise. Either way it is a negative pressure on PLEX. There are many negative pressures on PLEX and until subcription numbers increase I don't see much strong short term support.


toad are u saying plex prices will drop and ppl should sell them

@JerryTPepridge
Toad The Hitchhiker
Science and Trade Institute
Caldari State
#174 - 2014-12-15 05:20:57 UTC
Jerry T Pepridge wrote:
Toad The Hitchhiker wrote:

One of the reasons to buy an account instead of skill a character is to put it as your 3rd slot. I would wager a person buying a low skilled Mackinaw pilot that is one of 10 on sale with the same name as someone else isn't going to set up a new account just for that to be their new main. I would wager it is a side character to mine when something is going on they can't or won't use their main.

Also, many of these characters are being sold using the 2x plex in their accounts to transfer, after they transfer they may go to an account that is paypal based, or otherwise. Either way it is a negative pressure on PLEX. There are many negative pressures on PLEX and until subcription numbers increase I don't see much strong short term support.


toad are u saying plex prices will drop and ppl should sell them




People will do whatever they want with them. They are however a very tricky thing. One one hand you have the fact that everything in game is technically worthless (according to the EULA) and the other it gives you game time (worth $$$). On one hand you have the value of game time as a buffer to any isk fluctuations, on the other they are the single most secretive thing in the game. CCP does not talk about PLEX, they don't offer answers to questions about it. We have never known if any were ever seeded, how many are destroyed and how many were locked in inventory of banned accounts or what happens to those that are.

Personally, I would never stockpile something that has actual cash value but is technically worthless. Think about it, you are paying money to get something that converts into something that is worthless but may have worth some time in the future should things remain the same. Or you are paying worthless in game currency for someone else having spent cash for the same.

At the end of the day the idea of PLEX is horrible, at least time cards had a number and remained outside the game, but in the game anything could effect the price.

But to directly answer your question, yes PLEX price will drop, I don't know how long but I can say with a large amount of certainty that we are looking at a correction in the market from lack of demand.
Meilandra Vanderganken
Aliastra
Gallente Federation
#175 - 2014-12-15 09:40:32 UTC  |  Edited by: Meilandra Vanderganken
Toad The Hitchhiker wrote:




People will do whatever they want with them. They are however a very tricky thing. One one hand you have the fact that everything in game is technically worthless (according to the EULA) and the other it gives you game time (worth $$$). On one hand you have the value of game time as a buffer to any isk fluctuations, on the other they are the single most secretive thing in the game. CCP does not talk about PLEX, they don't offer answers to questions about it. We have never known if any were ever seeded, how many are destroyed and how many were locked in inventory of banned accounts or what happens to those that are.
CCP has stated that it does intervene in PLEX markets if prices rise too fast (they're not aiming at any set price though), they have several tools for this. 1) they can sell PLEX at a discount, this has happened numerous times before. 2) they revealed that they have taken PLEX from banned accounts and dropped them into the market to stop price spikes. They did not create them out of thin air though.

Quote:

Personally, I would never stockpile something that has actual cash value but is technically worthless. Think about it, you are paying money to get something that converts into something that is worthless but may have worth some time in the future should things remain the same. Or you are paying worthless in game currency for someone else having spent cash for the same.

At the end of the day the idea of PLEX is horrible, at least time cards had a number and remained outside the game, but in the game anything could effect the price.

But to directly answer your question, yes PLEX price will drop, I don't know how long but I can say with a large amount of certainty that we are looking at a correction in the market from lack of demand.

As soon as your cash becomes PLEX, it has no actual cash value anymore, you cannot revert it back to cash (legally at least). You can use it for things that would otherwise COST you cash instead (subs, fanfest tickets and whatnot) but it's never ever going to be cash again in a non-eula violating way.

So at that point, you have two main values left on your PLEX: a non set isk value in game and a set value of 30 days worth of subscription. The isk value has only gone up in the lifetime of PLEX (all 'crashes' so far have been little more than corrections after large price spikes after which the upward trend continued again). As for the ingame use of PLEX, only more options have been added (dual training, fanfest tickets etc etc) and the 30 days of subscription has remained the same. I very much doubt CCP is going to tamper with the number of subscription days on existing PLEX ever.

Knowing all this, I feel very safe with my PLEX investment both isk wise and playtime wise. For things to work out badly isk wise on my current PLEX stock (which is laughably small by the standards of the big boys) prices would have to drop below 600 million isk and stay there. That's roughly where they were a year ago.

Again, I would not mind lower PLEX prices, hell, if they'd hit rock bottom I'd be delighted even and prolly get several more accounts.

Edit: just after writing this I saw I sold a PLEX that I was high balling for just under 900 million Lol
Toad The Hitchhiker
Science and Trade Institute
Caldari State
#176 - 2014-12-16 00:09:06 UTC
Meilandra Vanderganken wrote:
Toad The Hitchhiker wrote:




People will do whatever they want with them. They are however a very tricky thing. One one hand you have the fact that everything in game is technically worthless (according to the EULA) and the other it gives you game time (worth $$$). On one hand you have the value of game time as a buffer to any isk fluctuations, on the other they are the single most secretive thing in the game. CCP does not talk about PLEX, they don't offer answers to questions about it. We have never known if any were ever seeded, how many are destroyed and how many were locked in inventory of banned accounts or what happens to those that are.
CCP has stated that it does intervene in PLEX markets if prices rise too fast (they're not aiming at any set price though), they have several tools for this. 1) they can sell PLEX at a discount, this has happened numerous times before. 2) they revealed that they have taken PLEX from banned accounts and dropped them into the market to stop price spikes. They did not create them out of thin air though.

Quote:

Personally, I would never stockpile something that has actual cash value but is technically worthless. Think about it, you are paying money to get something that converts into something that is worthless but may have worth some time in the future should things remain the same. Or you are paying worthless in game currency for someone else having spent cash for the same.

At the end of the day the idea of PLEX is horrible, at least time cards had a number and remained outside the game, but in the game anything could effect the price.

But to directly answer your question, yes PLEX price will drop, I don't know how long but I can say with a large amount of certainty that we are looking at a correction in the market from lack of demand.

As soon as your cash becomes PLEX, it has no actual cash value anymore, you cannot revert it back to cash (legally at least). You can use it for things that would otherwise COST you cash instead (subs, fanfest tickets and whatnot) but it's never ever going to be cash again in a non-eula violating way.

So at that point, you have two main values left on your PLEX: a non set isk value in game and a set value of 30 days worth of subscription. The isk value has only gone up in the lifetime of PLEX (all 'crashes' so far have been little more than corrections after large price spikes after which the upward trend continued again). As for the ingame use of PLEX, only more options have been added (dual training, fanfest tickets etc etc) and the 30 days of subscription has remained the same. I very much doubt CCP is going to tamper with the number of subscription days on existing PLEX ever.

Knowing all this, I feel very safe with my PLEX investment both isk wise and playtime wise. For things to work out badly isk wise on my current PLEX stock (which is laughably small by the standards of the big boys) prices would have to drop below 600 million isk and stay there. That's roughly where they were a year ago.

Again, I would not mind lower PLEX prices, hell, if they'd hit rock bottom I'd be delighted even and prolly get several more accounts.

Edit: just after writing this I saw I sold a PLEX that I was high balling for just under 900 million Lol



Just because someone was dumb enough to buy out of hub or unsorted market goods doesn't mean the bubble is growing again. Plex remains stubborn at 820-830mil. Again, there is no demand to push an increase.

And yes I know that cash -> plex cannot go the other way directly, which is why I would never suggest stockpiling something that doesn't actually exist is good. Again, if CCP wanted to they could sell plex for $5 a piece and crash the market, they could also stop the plex for training or plex for transfers. There is a number of things that CCP could do or undo that effect plex. Since the system is out of the hands of the player I don't feel it is a worthwhile investment unless you have the account numbers to utilize your future stockpiles.
Jerry T Pepridge
Meta Game Analysis and Investment INC.
#177 - 2014-12-16 03:01:50 UTC
laymans terms:

plex are rectangles

@JerryTPepridge
Cista2
EVE Museum
#178 - 2014-12-16 08:21:09 UTC
Meilandra Vanderganken wrote:

2) they revealed that they have taken PLEX from banned accounts and dropped them into the market to stop price spikes.

Can anyone link to where this is described? I would like to know what CCP/NPC sell orders would look like, how large they were etc.

My channel: "Signatures" -
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#179 - 2014-12-16 08:52:41 UTC
I don't think they ever discussed those details.
Cista2
EVE Museum
#180 - 2014-12-16 10:24:47 UTC
Bad Bobby wrote:
I don't think they ever discussed those details.

I meant, described by players. If there are any npc PLEX orders on the market, and this was stated as fact in the post above, then surely players would have been on to it and discussing it.

My channel: "Signatures" -