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Plex hits 1b ISK in Jita

First post
Author
Vollhov
Viziam
Amarr Empire
#221 - 2015-09-15 21:22:19 UTC
Excellent.
Now the you can buy behind plex of the Paladin and rig t2.
Just throw $ a game. Lol

End of Time. I'm not fanatic, I'm just a servant by Her Majesty the Empress Jamyl Sarum I. It's time to leave this world to me. YC111 to YC117.12.10 20:00

Zihao
Doomheim
#222 - 2015-09-15 21:25:25 UTC
Salvos Rhoska wrote:
Someone(s) in EVE have wrestled control of PLEX from CCP and the consumers, by buying up and stockpiling the limited amount that is introduced to the game.


Those someones being customers of CCP and consumers themselves and they're just as entitled to buy and hold PLEX as you are to buy and expend them for game-time.
Vic Jefferson
Stimulus
Rote Kapelle
#223 - 2015-09-15 21:44:01 UTC
Salvos Rhoska wrote:
PLEX took an arrow to the heel, and its adventuring days are over.


You aren't factoring in anything from the buyer's end. I am far more likely to purchase PLEX when prices are this high, because they sell for so much ISK, allowing one to do hilariously silly and reckless things for not much time investment.

For the price of a burger and a beer, I could buy a carrier and welp it for amusement's sake. For the price of two burgers and two beers, I could have a burger and beer while I welp a carrier. Now we are talking!Pirate

Vote Vic Jefferson for CSM X.....XI.....XII?

Salvos Rhoska
#224 - 2015-09-15 22:09:19 UTC  |  Edited by: Salvos Rhoska
Zihao wrote:
Those someones being customers of CCP and consumers themselves and they're just as entitled to buy and hold PLEX as you are to buy and expend them for game-time.

Yes.

None of which is contrary to what I stated.

Thanks for stating the obvious and irrelevant.

Vic Jefferson wrote:
You aren't factoring in anything from the buyer's end. I am far more likely to purchase PLEX when prices are this high, because they sell for so much ISK, allowing one to do hilariously silly and reckless things for not much time investment.

Did I forget to include that here? I've made so many posts I might have lost track.
Yes, I am aware of that.
But studies of suppliers show that increase/decrease in value of PLEX in isk does not really effect PLEX RLM demand much.

How many PLEX have you purchased from CCP?

Also, you do realize that when I buy the PLEX from you, I retain and appreciate its value?
You run off and blow up your ship and lose it. Me, on the otherhand, I still have your PLEX. At full value, and can re-sell it for more than you did, without ever spending 1 cent of RLM on it.
Markus Reese
Deep Core Mining Inc.
Caldari State
#225 - 2015-09-15 22:16:48 UTC  |  Edited by: Markus Reese
If CCP became worried about plex stockpiling, an easy solution if they deemed necessary is to just stop sales.

However if I was CCP, I would have legal evidence that it is an ingame asset which has since been redeemed. If somebody spent all that isk to get 1000 plex, well they might very well have something never to get used. Let em control the market. CCP happy. Higher price means plex sellers more liable to control plex. Plex not redeemed means nil to CCP. It would to me...

If it starts flooding market, rate of consumption will not change unless they are flooded for an ungodly low price. In which case those players took a loss.

Plex is pretty close to a real world commodity. However is a dangerous game. If eve stops operating, then value is a pure zero.

To quote Lfod Shi

The ratting itself is PvE. Getting away with it is PvP.

Lucas Kell
Solitude Trading
S.N.O.T.
#226 - 2015-09-15 22:45:51 UTC
Salvos Rhoska wrote:
But studies of suppliers show that increase/decrease in value of PLEX in isk does not really effect PLEX RLM demand much.
Ergo, rising PLEX price doesn't affect income for CCP. Game continues as ever it has.

Salvos Rhoska wrote:
You run off and blow up your ship and lose it. Me, on the otherhand, I still have your PLEX. At full value, and can re-sell it for more than you did, without ever spending 1 cent of RLM on it.
The part you miss out is that you already handed value over, so you're not up the value of the PLEX. At first you are even then as price increase you are up whatever that profit between the time you buy and sell the PLEX. That you retain the value of the item is irrelevant. That happens whenever anyone creates anything in game from a source (mining, NPC loot drops, etc).

The isk you gave to him goes to someone else for him to buy a ship and the ship gets wrecked. So effectively all he's doing is injecting a PLEX and removing minerals, which there are a ludicrous amount of being injected constantly. It has very little effect on anything beyond the value of a PLEX, which is why we see little or no change in other indices when the PLEX price rises. The only time the value of PLEX actually matters is when you consume it.

The Indecisive Noob - EVE fan blog.

Wholesale Trading - The new bulk trading mailing list.

Vic Jefferson
Stimulus
Rote Kapelle
#227 - 2015-09-15 23:25:00 UTC
Salvos Rhoska wrote:
How many PLEX have you purchased from CCP?


A few. Not any recently. I don't think there's many things that I don't already own in game that I want to own, or wouldn't be trivial for me to replace or buy using in game means at this point.

It's a long thread. Maybe it was mentioned somewhere. If everything worth flying wasn't small, fast, and cheap, there may be more demand for PLEX from a buyer's perspective. Expensive ships are overly cumbersome for many people to fly. I can buy, what, 10 or more well fit svipuls for one PLEX? The BC buff won't fix this much either as they are T1 hulls and are incredibly cheap to fly after insurance. Basically what I mean to say is you get more re-ships per ISK now than you used to with the current meta, which may translate to more reships per PLEX. Even bling is hilariously cheap these days.

I'd buy PLEX, but there's literally nothing to spend it on. What?

Vote Vic Jefferson for CSM X.....XI.....XII?

Hasikan Miallok
Republic University
Minmatar Republic
#228 - 2015-09-15 23:36:55 UTC
Skeln Thargensen wrote:
PLEX are in a bubble!!!



I think of bubbles as the situation where the actual practical value of a commodity is detached from its speculative investment value.

An example of this is our local real estate market where many apartments are empty because the rents are beyond what people are prepared to pay. When I asked a real estate friend about this his reply was "if you drop the rent its value as a speculative investment plummets, you are fair better off keeping the rent up and leaving it vacant".
Markus Reese
Deep Core Mining Inc.
Caldari State
#229 - 2015-09-16 00:24:48 UTC  |  Edited by: Markus Reese
Hasikan Miallok wrote:


I think of bubbles as the situation where the actual practical value of a commodity is detached from its speculative investment value.

An example of this is our local real estate market where many apartments are empty because the rents are beyond what people are prepared to pay. When I asked a real estate friend about this his reply was "if you drop the rent its value as a speculative investment plummets, you are fair better off keeping the rent up and leaving it vacant".


That is interesting. A very close friend of mine, him and his family own a major downtown apartment block. In addition, their rent in this extremely well maintained building has a vacancy of never and long term residence. Their reasoning?

Well, they could charge more, but why? Just to make more money? Their operational costs have not increased and when there is a rent increase, is explained and they maintain all their renters. Result is their overhead costs are minimal and income perfectly stable. The tenants wanting to stay in the building look after it. The waiting list, people wait literally years for if a room opens up.

100% of 80% market is better than 0% of 100%. The market forecasting for stuff like that is all luckers. Gotta make money and get out, somebody always loses. That hurts the whole economy. People wonder why it is crap? It is concern over a quick buck instead of long term stability.

Example of false value increase. My property since buying has increased 4 fold in value to total investment, but only cause people want it to flip/rent at overcharged cost. My actual costs have increased absolutely none.

To quote Lfod Shi

The ratting itself is PvE. Getting away with it is PvP.

Zihao
Doomheim
#230 - 2015-09-16 00:40:02 UTC
Salvos Rhoska wrote:
Thanks for stating the obvious and irrelevant.

Irrelevant would be the distinction you're drawing between speculators and consumers.
Chrome Veinss
Republic University
Minmatar Republic
#231 - 2015-09-16 05:00:27 UTC
I have always thought that the problem isnt the price of PLEX, or the speculators and hoarders. Really the problem is how PLEX is used mainly to fund alt accounts. The more alt accounts a person has, the easier it is to make isk, and therefore the easier it is to buy more PLEX and fund more accounts with PLEX. I've never considered getting more than 1 alt account and can barely comprehend the motivations of people that have 12, just like i cant comprehend why would anyone want a super. I'd like to think that theres "no wrong way to play eve" but the fact is that certain behaviors are detrimental to the game itself. The overabundance of alts per player is one of those behaviors. Every single time a player does anything in this game with an alt, rather than cooperating with other people, Eve loses a chance for the kind of social interaction and engagement that sets this game apart from any other games out there. I understand there are plenty of activities where using alts is just more practical, but that only showcases how terribly designed and boring a lot of activities in Eve are. I'm not arguing for a cap on the number of accounts a person has, rather I'd like to see a game where playing with other people is more fun than players having entire corporations of their own alts.

For every "rich" vet with 10 alts that considers a price hike from 900 mill to 1.2 bill a minor annoyance, there are likely a dozen newbies that quit the game entirely, because 300 million when youre a belt ratting newbie is all your income for the month if you're doing everything right and playing a lot. Newbies do the math and see 10 hours of work to make x quantity of isk. While the guy multiboxing incursions sees 1 hour of work with 10 alts. Also for every american or european that makes $20 in an hour of real life work there are a dozen people from other countries making $20 or less for an entire day of the same work. These people want to play the game but the only way they can afford it is by plexing their account. I used to see a lot of them before CCP had the fantastic idea of eliminating the language channels and I'd say 90% of them would disappear after the trial or their first subscription month because they just couldn't make enough isk, or getting that isk involved too much time. And thats when PLEX was 700-800 mill.

Eve needs a lot more players. There are way too many systems for the quantity of players we currently have, resulting in most space being empty most of the time and there being little content. Eve also probably wouldnt work as a free game, so a good compromise would be a relatively cheap PLEX that allows an influx of new players, especially from the so called "developing world". PLEX price can only drop to that level if there is a massive overhaul to gameplay mechanics that results in people playing the game with a dozen alts as outrageous and stupid as trying to play say Dota by multiboxing your entire team.
Scotchmo
Royal Amarr Institute
Amarr Empire
#232 - 2015-09-16 05:11:01 UTC
This game is more expensive per month than World of Warcraft.

I dunno how.

Its a bold statement to say "we got a better product than the most popular mmo so we can charge more"

I seriously think it should cost less per month.

Plex RL prices should be halfed. People will buy more, in game price will fall and Newbs can aspire to plex their account thus living the free to play dream.

Pray this brings in more people.
La Rynx
School of Applied Knowledge
Caldari State
#233 - 2015-09-16 05:22:43 UTC  |  Edited by: La Rynx
Hoarding Plexes is not my problem, its the horders.
If the Horders would try to make a big amount of isk from PLEX, the price would drop again.

As for me, i buy the PLEX from CCP, i pay always the same. (almost)
Player RM = same
CCP RM = same

CCP needs RM to pay ppl and servers.

PLEX ingame (speak value in the actual -> game) depends on other factors.
But whatever all is in control of CCP.

CCP can flood the market by creating new ingame PLEX, CCP can increase the isk income, so it would take 1hour to make a billion and more.

Ppl hoarding PLEX?
If they have hoarded 2000 Years of game time and CCP closes. What can the horders do?
NOTHING!
PLEX is also some kind of trust someone puts on CCP to keep the promise of delievering gametiime.

PLEX are not ment to play EvE for free. PLEX are meant to trade game time for other ingame items. There is a small but important difference.
It is literally a trade of time, ppl can buy gametime they do not have tp ppl who have more of gametime.
This frees RealTimefor PLEX sellers who give up on RealTime.

Sinking playercount is problem, PLEX prices may indicate, but hardly are a reason for the decrease.

Atomic Virulent : "You can't spell DOUCHE. without CODE."

La Rynx
School of Applied Knowledge
Caldari State
#234 - 2015-09-16 05:31:14 UTC  |  Edited by: La Rynx
Scotchmo wrote:
This game is more expensive per month than World of Warcraft.

I dunno how.

Its a bold statement to say "we got a better product than the most popular mmo so we can charge more"


Nobody other than you says that.
Comparing MassCompatible WoW with EvE is not that easy and "being better" is good for nothing.

Scotchmo wrote:

I seriously think it should cost less per month.

I seriously think, i do not care what you think.

I mean:
I beg to differ;

Scotchmo wrote:

Plex RL prices should be halfed. People will buy more, in game price will fall and Newbs can aspire to plex their account thus living the free to play dream.

Pray this brings in more people.


Thats one hefty missconception / hope some ppl carry.
In no way free EvE would get more players.
EvE is like beer or whiskey. You have to grow and adapt to the taste.
EvE is not to everyones taste.

And changing EvE to keep old and get new players is science in it self.

EDIT:
I do not pray for anything.

Atomic Virulent : "You can't spell DOUCHE. without CODE."

Hasikan Miallok
Republic University
Minmatar Republic
#235 - 2015-09-16 05:46:28 UTC  |  Edited by: Hasikan Miallok
Likely longterm scenario:

1) The need for ISK is fairly constant so as prices rise less PLEX will hit the market. ( The number of people buying extra PLEX for real money to take advantage of higher ISK/PLEX ratios is minimal in the greater scheme of things)

2) The amount of PLEX bought ingame by speculators will rise as PLEX keeps rising. Also in a "bull" market there is never a good time to sell you are always better off hording for even longer. People will just keep adding to the PLEX stash.

3) The amount of PLEX bought ingame by players to sub accounts will drop as PLEX keeps rising and they unsub those accounts.


Longterm result - PLEX will enter the game at the current rate (CCP income will not be effected) but it will become a speculative commodity in-game mainly bought up and horded.
Jenn aSide
Soul Machines
The Initiative.
#236 - 2015-09-16 05:53:07 UTC
Irony strikes, back when plex was cheap gas prices were high (or 3 bucks a gallon and rising). Now Plex is over 1 bil but I just filled my care up with $1.95 gasoline 10 minutes ago.

Coincidence? I think not... Twisted
Alavaria Fera
GoonWaffe
#237 - 2015-09-16 06:19:31 UTC
La Rynx wrote:
Ppl hoarding PLEX?
If they have hoarded 2000 Years of game time and CCP closes.

Then welp, what else would they do with the ISK...

Triggered by: Wars of Sovless Agression, Bending the Knee, Twisting the Knife, Eating Sov Wheaties, Bombless Bombers, Fizzlesov, Interceptor Fleets, Running Away, GhostTime Vuln, Renters, Bombs, Bubbles ?

Teckos Pech
Hogyoku
Goonswarm Federation
#238 - 2015-09-16 07:06:20 UTC
Hasikan Miallok wrote:
Likely longterm scenario:

1) The need for ISK is fairly constant so as prices rise less PLEX will hit the market. ( The number of people buying extra PLEX for real money to take advantage of higher ISK/PLEX ratios is minimal in the greater scheme of things)

2) The amount of PLEX bought ingame by speculators will rise as PLEX keeps rising. Also in a "bull" market there is never a good time to sell you are always better off hording for even longer. People will just keep adding to the PLEX stash.

3) The amount of PLEX bought ingame by players to sub accounts will drop as PLEX keeps rising and they unsub those accounts.


Longterm result - PLEX will enter the game at the current rate (CCP income will not be effected) but it will become a speculative commodity in-game mainly bought up and horded.



1. As the the price of PLEX in game rises, then there is more incentive to buy them and sell them. Keep in mind that the price out of game is constant or falling over time.

2. Speculators often serve a useful purpose in markets ensuring that market prices are accurate. However, people will not necessarily "just keep adding to the PLEX stash". If this were true, then a bull market could never turn into a bear market.

3. If this is the case, then the price of PLEX will drop.

You are just spouting nonsense. You make it sound like speculation is a Bad Thing™ when in fact speculators can help ensure that prices reflect all relevant information.

Here is some information to consider, the price of PLEX was pretty stable for awhile, but when skins are introduced PLEX prices jump up....oh and you can buy skins with PLEX.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online

Teckos Pech
Hogyoku
Goonswarm Federation
#239 - 2015-09-16 07:20:02 UTC
Mir Jana wrote:
1.2b isk...

ffs.... WoT dont charge anything.... LoL dont charge anything... Neverwinter dont charge anything... ffs, chesscube dont charge anything...

why do I have to spend 3 hours daily to rat to be able to pvp on weekends... ?!?!

wtf....?!?!


Because you are doing it wrong? Funny how when a miner says, "If I mine my own minerals they are free," the cacophany is "OPPORTUNITY COST!!!" Yet you fail that same test so utterly when it comes to PLEX. Does your RL job pay that little?

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online

Lucas Kell
Solitude Trading
S.N.O.T.
#240 - 2015-09-16 08:36:18 UTC
Teckos Pech wrote:
Mir Jana wrote:
1.2b isk...

ffs.... WoT dont charge anything.... LoL dont charge anything... Neverwinter dont charge anything... ffs, chesscube dont charge anything...

why do I have to spend 3 hours daily to rat to be able to pvp on weekends... ?!?!

wtf....?!?!


Because you are doing it wrong? Funny how when a miner says, "If I mine my own minerals they are free," the cacophany is "OPPORTUNITY COST!!!" Yet you fail that same test so utterly when it comes to PLEX. Does your RL job pay that little?
Depending on the job, opportunity cost doesn't really work the same way in real life. Most people don;t have an infinite amount of overtime available, hell, most people don't have overtime frequently. Opportunity cost only works if the opportunity is always there, otherwise the best course of action is to do you job then in the between time do the lower value stuff. Like how an ice miner will mine all the ice then resort to ore once there's no ice about.

That said, the guy is still a fool as EVE is a game, it's here for entertainment. I make isk for PLEX because it entertains me to do so. If I had to "work" to make the isk and it stopped being a simple effect of me enjoying the game, I'd not do it.

The Indecisive Noob - EVE fan blog.

Wholesale Trading - The new bulk trading mailing list.