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Plex Prices

First post
Author
Toad The Hitchhiker
Science and Trade Institute
Caldari State
#201 - 2014-12-23 18:45:50 UTC
Daniel Plain wrote:
Toad The Hitchhiker wrote:
And in many of the countries with large Eve subscribers PLEX is borderline illegal. Do not fool yourself into thinking that PLEX is anything more than one court case away from being worthless in this game. Perhaps not worthless, just not worth what you think it would be.

Imagine holding 100 plex as your life savings in eve... it becomes illegal tender for in game transactions (because ganking and destroying plex would be akin to larceny in most countries). The PLEX is declared valid only for game time and is auto applied to the account you hold. How worthwhile is it to have 100 months of game time in a game that might not live that long?

Everything could change, as many things have in the past and will in the future. I would say the most worthwhile investment in game if you don't like isk is Trit... as the game has always used it and always will. But again, I wouldn't stockpile anything that has no actual live value, hence I would stockpile nothing in eve.


the only appropriate answer



You can make fun all you want to... but if you took 1 trillion isk and bought Plex one year ago today, and I bought 1 tril of Trit

You would have 1.25 trillion in isk if you sold your plex today (and dropping) and I would have 1.33 tril isk for selling my trit (and increasing)

Trit can't go anywhere without massive changes to the game, Plex is a relatively new market item, with a relatively experimental application for in game trading.
Elizabeth Norn
Nornir Research
Nornir Empire
#202 - 2014-12-23 19:33:33 UTC
If you bought 1T of PLEX one year ago and sold it a few weeks ago you would have 1.544T

If you bought 1T of Tritanium one year ago and sold it a few weeks ago you would have 1.165T

It's not just about what you buy and sell, but when you buy and sell it too.

Also these:

http://www.eve-markets.net/detail?typeid=34#history
http://eve-marketdata.com/price_check.php?type_id=29668
Toad The Hitchhiker
Science and Trade Institute
Caldari State
#203 - 2014-12-23 20:01:14 UTC  |  Edited by: Toad The Hitchhiker
Elizabeth Norn wrote:
If you bought 1T of PLEX one year ago and sold it a few weeks ago you would have 1.544T

If you bought 1T of Tritanium one year ago and sold it a few weeks ago you would have 1.165T

It's not just about what you buy and sell, but when you buy and sell it too.

Also these:

http://www.eve-markets.net/detail?typeid=34#history
http://eve-marketdata.com/price_check.php?type_id=29668



Right, just like if you bought 1 tril of plex a month or two ago and tried to sell it now you would have less than 900bil?

Got it, your examples only are relevant when they support your talking points.


Edit: http://www.eve-markets.net/detail?typeid=34#supply

Take it out to as far as you want, it is the only graph you need to see how silly it is to belittle the trit market.

http://www.eve-markets.net/detail?typeid=29668#supply Your precious plex... something is wrong with your site data, but you can see when it works what the difference is if you know how to read supply/demand charts.
Makhpella
Bad Taste.
#204 - 2014-12-24 11:27:48 UTC
Toad The Hitchhiker

http://youtu.be/SGvDtc2Ye04
Meilandra Vanderganken
Aliastra
Gallente Federation
#205 - 2014-12-24 14:47:03 UTC  |  Edited by: Meilandra Vanderganken
Toad The Hitchhiker wrote:

Edit: http://www.eve-markets.net/detail?typeid=34#supply

Take it out to as far as you want, it is the only graph you need to see how silly it is to belittle the trit market.


Nobody belittles the trit market, it's just that trit has been much more volatile throughout EVE history. The recent spike is speculation/manipulation cuz of the ISBoxer nerf mostly I reckon. There have been many changes that affected supply and demand for trit throughout the years due to changing game mechanics, both adding negative pressure and positive pressure on the price. For PLEX, all changes made so far have added positive pressure on the price. I doubt CCP is going to remove uses for PLEX anytime soon.

Again, in a worst case scenario you end up with something that has turned out to be a very bad isk investment. That still leaves you with loads of game time (or fanfest tickets). I could live with that. Hell, in fact I'd love to see PLEX crash down to 200 million or lower Lol


Edit: OT: trending downwards again, 800 million is starting to get closer. Should it drop below 800 things would be getting interesting as that means it will be entering the price range in which PLEX stabilized after the summer peak.
N00B-SAIB0T
MK Financial
#206 - 2014-12-24 17:21:10 UTC
PLEX dropped to below 800 million in the last day or two. At roughly 792 million last I checked. I just resubbed about 3 weeks ago, when it was still 885-ish million. Almost a 100 million ISK drop in less than a month.

Will be interesting to see how low it goes.
Nemah Xadi
Hedion University
Amarr Empire
#207 - 2014-12-24 17:50:14 UTC
There are people putting up buy orders for hundreds of PLEX at 800m over the last few days, it only briefly drops below 800m as those get filled up. The fatcats seem to think this is a time to buy, and I wouldn't expect it to go lower than this either.
Toad The Hitchhiker
Science and Trade Institute
Caldari State
#208 - 2014-12-24 17:53:06 UTC
Nemah Xadi wrote:
There are people putting up buy orders for hundreds of PLEX at 800m over the last few days, it only briefly drops below 800m as those get filled up. The fatcats seem to think this is a time to buy, and I wouldn't expect it to go lower than this either.



Just watch. They don't have the isk to stop what is coming.
Nemah Xadi
Hedion University
Amarr Empire
#209 - 2014-12-24 18:31:47 UTC
Toad The Hitchhiker wrote:
Just watch. They don't have the isk to stop what is coming.



I would like for you to be correct Sir, but since you are clearly a grade A moron, I shan't be holding my breath.
Jerry T Pepridge
Meta Game Analysis and Investment INC.
#210 - 2014-12-25 09:08:12 UTC
Toad The Hitchhiker wrote:
Nemah Xadi wrote:
There are people putting up buy orders for hundreds of PLEX at 800m over the last few days, it only briefly drops below 800m as those get filled up. The fatcats seem to think this is a time to buy, and I wouldn't expect it to go lower than this either.



Just watch. They don't have the isk to stop what is coming.


toad is right guys

tiiiimber (fred flintstone voice)

sell them now or be dunked by ..... . ....... OopstoadOops

thats right, the toad ! Lol the guy who in his wisdom, predicted this would happen Shocked

please, step forward if you took a dive on this based solely of "what you read on the forums" Give toad the satisfaction, that had you read butthurt retorical post #24432 you would have avoided this!

"just buy more
from the store"

that rhymes!

go go 500m!

@JerryTPepridge

Toad The Hitchhiker
Science and Trade Institute
Caldari State
#211 - 2014-12-25 15:23:55 UTC
Jerry T Pepridge wrote:
Toad The Hitchhiker wrote:
Nemah Xadi wrote:
There are people putting up buy orders for hundreds of PLEX at 800m over the last few days, it only briefly drops below 800m as those get filled up. The fatcats seem to think this is a time to buy, and I wouldn't expect it to go lower than this either.



Just watch. They don't have the isk to stop what is coming.


toad is right guys

tiiiimber (fred flintstone voice)

sell them now or be dunked by ..... . ....... OopstoadOops

thats right, the toad ! Lol the guy who in his wisdom, predicted this would happen Shocked

please, step forward if you took a dive on this based solely of "what you read on the forums" Give toad the satisfaction, that had you read butthurt retorical post #24432 you would have avoided this!

"just buy more
from the store"

that rhymes!

go go 500m!


Not sure what that was about.

But the bottom of the market cap just fell out. Warning to those who still have PLEX for short term gain, there is nothing substantial stopping a 750m price by the end of the day.

Also warning, hundreds of eve players just got amazon (plex sale) and paypal gift cards... expect a fresh batch of plex on the market to add to the 200 sell orders placed at 795 last night.
Jerry T Pepridge
Meta Game Analysis and Investment INC.
#212 - 2014-12-25 19:12:41 UTC
Nemah Xadi wrote:
Toad The Hitchhiker wrote:
Just watch. They don't have the isk to stop what is coming.



I would like for you to be correct Sir, but since you are clearly a grade A moron, I shan't be holding my breath.


dunked by toad the hitchhiker, be mad.

plex at under 800m :)

@JerryTPepridge

Ren Oren
Native Freshfood
Minmatar Republic
#213 - 2014-12-26 03:20:24 UTC
Plex @ 791

And I don't see the block trades anymore, seems they decided it wasn't a good idea to catch falling knives.

For now plex is back to being just a game time extension and not a investment or trade to speculate higher
Toad The Hitchhiker
Science and Trade Institute
Caldari State
#214 - 2014-12-26 05:28:54 UTC
Plex dropped to 768mil with several good sized orders. All support between 750 and current sell prices gone.

Hope you all enjoyed your Christmas.
Diomedes Calypso
Aetolian Armada
#215 - 2014-12-26 05:47:01 UTC  |  Edited by: Diomedes Calypso
I figure the best theory is that you would want to own an asset that took a fixed amount of player TIME to produce and of course had utility enough that players still would take the time to produce it.

ISK costs less and less to gather over time due to mud inflation... (and CCP does a good job at not letting it get out of hand)

The risk with Plex is that they may increasingly feel forced to make game time cheaper and cheaper in real $ ... and then hope to sell just as many plex for people to instead fund more accounts or spend the same $100 to buy a carrier (or whatever equates to $100 these days) buying 16 plex at 6$ a piece instead of 6 plex at $16$ a piece.

They may discover that the game time can be cheaper in real $ but make it up in volume ....

That might sound weird but plenty of FtP games really aren't free at all for most players and only a portion of what they pay per month is for their "premium" subscriptions

I know FtP ruins games..

...we're talking investment here though, not what we want.

If we want to play EVE markets in a way that will make our hordes as valuable as possible compared to the average ISK riches of other players.....get ahead in comparative ISK wealth... thinking of the META issues concerning financial motivations can effect the value

... time value .. 1 hour of a human players time..that's what I'd like to keep parity with....

..but I'll take the risk with Plex and characters even if I think they'll 1/2 life once....

Why ? The make things like Invention easier to do and suddenly my horde of expanded cargo bays falls in ISK and ISK doesn't buy the plex it used to.. AND Plex don't cost the Dollars they used to...
... that's a triple whammy loss

I'll never RMT my isk.. those are CCP assets...but I will score the value of my game holdings in dollar equivalent to gage whether I'm getting ahead or falling behind.

.

Toad The Hitchhiker
Science and Trade Institute
Caldari State
#216 - 2014-12-26 06:04:00 UTC
Diomedes Calypso wrote:
I figure the best theory is that you would want to own an asset that took a fixed amount of player TIME to produce and of course had utility enough that players still would take the time to produce it.

ISK costs less and less to gather over time due to mud inflation... (and CCP does a good job at not letting it get out of hand)

The risk with Plex is that they may increasingly feel forced to make game time cheaper and cheaper in real $ ... and then hope to sell just as many plex for people to instead fund more accounts or spend the same $100 to buy a carrier (or whatever equates to $100 these days) buying 16 plex at 6$ a piece instead of 6 plex at $16$ a piece.

They may discover that the game time can be cheaper in real $ but make it up in volume ....

That might sound weird but plenty of FtP games really aren't free at all for most players and only a portion of what they pay per month is for their "premium" subscriptions

I know FtP ruins games..

...we're talking investment here though, not what we want.

If we want to play EVE markets in a way that will make our hordes as valuable as possible compared to the average ISK riches of other players.....get ahead in comparative ISK wealth... thinking of the META issues concerning financial motivations can effect the value

... time value .. 1 hour of a human players time..that's what I'd like to keep parity with....

..but I'll take the risk with Plex and characters even if I think they'll 1/2 life once....

Why ? The make things like Invention easier to do and suddenly my horde of expanded cargo bays falls in ISK and ISK doesn't buy the plex it used to.. AND Plex don't cost the Dollars they used to...
... that's a triple whammy loss

I'll never RMT my isk.. those are CCP assets...but I will score the value of my game holdings in dollar equivalent to gage whether I'm getting ahead or falling behind.



So it is your theory then that Plex is a horrible investment because the price IRL monies has always dropped and the value of In Game Isk has always decreased as well?

Plex is a horrible investment because we cannot control the supply, or the utility. I think this recent week's price crash backs up at least some of what I have been saying.
Jerry T Pepridge
Meta Game Analysis and Investment INC.
#217 - 2014-12-26 06:27:23 UTC
i really do think that toads avatar has ALOT to do with ppl instantly dis-agreeing with him.

if you want to stock plex (for some stupid reason), put up buy orders for 500m & wait.

@JerryTPepridge

Toad The Hitchhiker
Science and Trade Institute
Caldari State
#218 - 2014-12-26 13:25:25 UTC  |  Edited by: Toad The Hitchhiker
Jerry T Pepridge wrote:
i really do think that toads avatar has ALOT to do with ppl instantly dis-agreeing with him.

if you want to stock plex (for some stupid reason), put up buy orders for 500m & wait.


That is about what I get for "randomize all" and accept without double checking.

Oh well.

Someone is making a valiant effort in Amarr to buy up a bunch of sell orders, but Jita fell last night to 783 so the Amarr orders are pretty hilarious. Plex down to 760 by the end of the weekend :)

There is a massive oversupply on the market right now, even for speculation. We are looking at 23% more PLEX for sale in the four hubs than there is buy orders in the entire game.
Diomedes Calypso
Aetolian Armada
#219 - 2014-12-26 21:21:27 UTC
Toad The Hitchhiker wrote:



So it is your theory then that Plex is a horrible investment because the price IRL monies has always dropped and the value of In Game Isk has always decreased as well?

Plex is a horrible investment because we cannot control the supply, or the utility. I think this recent week's price crash backs up at least some of what I have been saying.


Well sort of,

I think I'm saying what you are another way. Even if you don't agree with my thinking as I expressed it (in my wordy manner) I do agree with exactly what you are saying.

"we cannot control the supply or utility" Exactly (I explained why I thought supply would increase for Meta reasons and utility would become less scarce)

BUT

I wouldn't call it a "horrible investment" because it is as good or better as the next best ideas I have for PASSIVE (like unsubscibed holdings type of passive) parking of game assets. I anticipate game time coming down to maybe $10 a month

... so I know I'll lose half of the theoretical RMT value...but I don't see doing much better with other assets and at least I see a bottom.


Trit ? yes that does make a fair bit of sense to me. that might be a better bet than holding characters or game time tokens... maybe I will put 1/4 of my game assets there.

My main theory was that Player Time ingame.. not character time, is the greatest constant and so an asset that will take just as much time to collect in the future as the present would be the best investment. I'd need to trust that it doesn't become easier to mine Trit per player hour...or that the game requires less trit but some players continue to collect it as a by product of some other activity, and that is something I am wary about.

.

Nemah Xadi
Hedion University
Amarr Empire
#220 - 2014-12-26 23:01:52 UTC  |  Edited by: Nemah Xadi
Jerry T Pepridge wrote:
dunked by toad the hitchhiker, be mad.

plex at under 800m :)


Oh no, I'm pleased to be wrong :)

Lets try that again: I'm sure it won't go below 700m in a week. Then I might actually stay subscribed to this bad bad game.

I wonder if those 50-100 buy orders might actually be CCP keeping the prices from falling too fast...