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Plex Prices

First post
Author
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#921 - 2015-10-04 04:45:28 UTC
Bad Bobby wrote:
Bad Bobby wrote:
Bad Bobby wrote:
1,174 Sell / 1,126 Buy atm

The combination of the CCP intervention at the end of last week and the ongoing PLEX sale appears to be having some effect. We've seen this before though and it will only be temporary.

I've already called the current stable price of plex at ~1.1B and I expect to see that rise to ~1.2B once these downward pressures have passed. It will be interesting to see if it falls bellow 1.1B this week, it will be a buying opportunity if it does.

1,129 Sell / 1,104 Buy atm

PLEX sale still going strong. Looking good to dip bellow 1.1B during the next few days. As with all previous PLEX sales, the price will bounce back up as soon as the sale is over, so when it goes below 1.1B you should be buying ready to cash in post sale.

1,110 Sell / 1,080 Buy atm

PLEX sale still going. Buy, buy, buy!

1,112 Sell / 1,096 Buy atm
Vibiana
Frontier Trading Company
#922 - 2015-10-04 06:25:31 UTC  |  Edited by: Vibiana
Bad Bobby wrote:
Bad Bobby wrote:
[quote=Bad Bobby][quote=Bad Bobby]1,174 Sell / 1,126 Buy atm

PLEX sale still going. Buy, buy, buy!

1,112 Sell / 1,096 Buy atm


just to keep that thread away from stupid price listings, I have a question:

Dear Bobby, what is the bottom price do you expect in this round of the PLEX match?

And why? Roll Is that ~200 buy orders yours?
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#923 - 2015-10-04 06:50:52 UTC
Already answered, if you read back. Hence my smugposting the prices.
motie one
Secret Passage
#924 - 2015-10-04 08:50:17 UTC  |  Edited by: motie one
Teckos Pech wrote:
motie one wrote:

For those who argue that high exchange values drives rw plex sales, so that must be great for Great for CCP? remember that the botters and RMT players will not have disappeared.




Yes, and the lower the ISK price of PLEX the better it is for RMTers. Roll


Hopefully, you read the sentence that followed this where that ^^(your reply) was clearly shown to be a falsehood, if not an actual deliberate lie designed to mask their actions and motivations? so this reply makes sense to you, (unless you were Just looking for words to clip out without actually reading or understanding the post?)

Otherwise, Clearly you have not got the message that that propaganda has been discredited?

News flash:- High Plex to ISK redemption rates drive RMT sellers sales! (Who would have guessed?Roll)

So now that statement you proposed, repeated ad infinitum almost as a universal truth, until people started to believe it, has been publicly Exposed as a lie, literally a cover for RMTers actions, new Propaganda will need to be written by the RMTers, to be repeated by the gullible at every opportunity.

CCP understand, are not gullible, have seen through the clumsy lies, and are on to them, and Know EXACTLY what they are doing.


So Assuming, you read it and the little Roll was intended as a double meaning, ironic, self deprecating attempt at humour, but just not done that clearly, here is a reply.

If not jump straight to the last sentence.

If you feed rats, you soon find them crawling all over your living room.
Who would you rather CCP support, RMTers or Players?

When Plex sells in game, at a price that is not a banquet for the "rats", and still desireable enough that CCP makes a good income, Traders have a commodity in good supply and demand, and Players can buy it for isk for fair labour.

Then Plex is good, fair and functional.

If it merely plays to RMTers and speculators, both long and short term, and creates a feeding frenzy where traders drive the price to more and more unrealistic levels, and end users cease to even consider it as something that they can actually use.

Then plex is actually something harmful, and damaging, at so many levels.

I do not believe that that can, or will continue. It will either be steered back into a healthy state, or there will be an almighty correction.

Even a Blind rat, nailed in a barrel, and placed in a dark cave, should be able to see that the money river is going to and is beginning to run dry.

You of course have the right to continue in your beliefs, in spite of everything.
motie one
Secret Passage
#925 - 2015-10-04 11:19:28 UTC  |  Edited by: motie one
Vibiana wrote:
Bad Bobby wrote:
Bad Bobby wrote:
[quote=Bad Bobby][quote=Bad Bobby]1,174 Sell / 1,126 Buy atm

PLEX sale still going. Buy, buy, buy!

1,112 Sell / 1,096 Buy atm


just to keep that thread away from stupid price listings, I have a question:

Dear Bobby, what is the bottom price do you expect in this round of the PLEX match?

And why? Roll Is that ~200 buy orders yours?


Someone is clearly trying to establish a Floor, But it looks far to weak to protect against a break through.
Do not assume that all those 200 (??Is that in Every Hub together??) apparent orders would turn out to be able to be satisfied, likely someone with a high margin trading and other skills, is playing "price support" with a dedicated alt with an empty wallet.

I also doubt is it would be a market trader doing this, market traders benefit from high volatility and activity in a predictable range.
Setting the range, limits their opportunities, but they can benefit from the false sense of security I guess.

Smart market traders can do very well at the moment, but the risk of "breakthrough" must be worrying, definitely a time to monitor developments by the minute, otherwise it could be unfortunate.

Once those apparent orders evaporate, just how low is it you get before you hit the point where the desire for players to buy them to use kicks in?
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#926 - 2015-10-04 11:55:55 UTC
1,153 Sell / 1,135 Buy atm

It's not what's going on in the buy orders that is important right now. I could do with keeping the price down for at least another day, so feel free to continue the deranged tinfoil doomsaying. Alternatively: buy, buy, buy!
motie one
Secret Passage
#927 - 2015-10-04 12:58:06 UTC  |  Edited by: motie one
Bad Bobby wrote:
1,153 Sell / 1,135 Buy atm

It's not what's going on in the buy orders that is important right now. I could do with keeping the price down for at least another day, so feel free to continue the deranged tinfoil doomsaying. Alternatively: buy, buy, buy!



Fine, Glad it is helpful, It might even turn out to be right, then you can buy even cheaper!!!

Selling might be more of a challenge though.

Keep it up though, someone might buy enough to let you exit your position eventually, one can always hope?
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#928 - 2015-10-04 13:25:20 UTC
motie one wrote:
Fine, Glad it is helpful, It might even turn out to be right, then you can buy even cheaper!!!
That is what I said before.

Remember that you are the one that thinks propping up PLEX prices makes sense, I'm the one that thinks anyone doing so is an idiot.

motie one wrote:
Keep it up though, someone might buy enough to let you exit your position eventually, one can always hope?
Why would I be holding a position?
Elizabeth Norn
Nornir Research
Nornir Empire
#929 - 2015-10-04 13:33:19 UTC  |  Edited by: Elizabeth Norn
motie one wrote:

[...]
So now that statement you proposed, repeated ad infinitum almost as a universal truth, until people started to believe it, has been publicly Exposed as a lie, literally a cover for RMTers actions, new Propaganda will need to be written by the RMTers, to be repeated by the gullible at every opportunity.

CCP understand, are not gullible, have seen through the clumsy lies, and are on to them, and Know EXACTLY what they are doing.

[...]

If you feed rats, you soon find them crawling all over your living room.
Who would you rather CCP support, RMTers or Players?

When Plex sells in game, at a price that is not a banquet for the "rats", and still desireable enough that CCP makes a good income, Traders have a commodity in good supply and demand, and Players can buy it for isk for fair labour.

Then Plex is good, fair and functional.

If it merely plays to RMTers and speculators, both long and short term, and creates a feeding frenzy where traders drive the price to more and more unrealistic levels, and end users cease to even consider it as something that they can actually use.

[...]


Could you elaborate on this? I was under the impression that rising PLEX prices helped speculators, but did the opposite for RMTers.

Edit: I wasn't caught up, we're getting to the juicy stuff now it seems.

motie one wrote:
They will change techniques, the minutes show that the war against bots, is going really well, but apparently the increased risks associated with botting may be Encouraging them to Credit card and other fraud to get plex, as the high exchange also makes this greatly more viable and profitable. And also remember Credit card companies chargeback as well as causing issues for the retailer. So overvalued Plex is not exactly in CCP's best interests either, but conversely in the RMT operators best interest. The exact opposite of what some have been claiming, quite falsely.


CCP Peligro said "It's a bit of a double edged sword. Less bots, more fraud.", why does ISK cost of PLEX matter for them in regards to fraud? No matter what they have to undercut them to stay competitive and RL PLEX cost is fixed around $17-20, so even if in-game PLEX hit 20b, they would still have to significantly undercut $20 per 20b to stay competitive. If anything higher PLEX prices not only reduce the profitability of botting (I don't think PVE income is going up at the moment), they might also reduce the profitability of account hacking, unless the average account they rob is increasing their in-game wealth at the same rate as PLEX is appreciating.

I can't see how the rising ISK cost of PLEX affects the profitability of credit card fraud. The only thing I got from the minutes were that because of their efforts to ban bots, the new sov system and other unmentioned factors (rising PLEX prices perhaps? ;)) it's "it's a lot more expensive to bot now." (Peligro), so RMTers are instead turning to fraud.

motie one wrote:
News flash:- High Plex to ISK redemption rates drive RMT sellers sales! (Who would have guessed?Roll)


But not CCP's? No matter what RMTers have to undercut CCP due to the risk associated with their business, so why would a better higher PLEX prices benefit RMTers more than CCP? The only thing I can think of is if RMT looked significantly better (say 1b more per $20) than PLEX from CCP, even if the RMT risk discount percentage was the same as usual. The Nosy Gamer has talked about this, I'll see if I can find his posts about it, I think there were some statistics.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#930 - 2015-10-04 13:51:54 UTC
Shar Tegral wrote:
Then, suddenly, I realized that you are a buffoon and don't know what you are talking about. Once I realized that, your post made much sense.
motie one
Secret Passage
#931 - 2015-10-04 14:04:08 UTC
Bad Bobby wrote:
motie one wrote:
Fine, Glad it is helpful, It might even turn out to be right, then you can buy even cheaper!!!
That is what I said before.

Remember that you are the one that thinks propping up PLEX prices makes sense, I'm the one that thinks anyone doing so is an idiot.

motie one wrote:
Keep it up though, someone might buy enough to let you exit your position eventually, one can always hope?
Why would I be holding a position?


Glad you are not, it could get messy.

And as for propping up Plex prices, some will believe it is in their best interests, I believe the opposite applies.

Thanks for clarifying, we are appearing on these points to be fully in agreement.
motie one
Secret Passage
#932 - 2015-10-04 14:11:27 UTC  |  Edited by: motie one
Elizabeth Norn wrote:
motie one wrote:

[...]
So now that statement you proposed, repeated ad infinitum almost as a universal truth, until people started to believe it, has been publicly Exposed as a lie, literally a cover for RMTers actions, new Propaganda will need to be written by the RMTers, to be repeated by the gullible at every opportunity.

CCP understand, are not gullible, have seen through the clumsy lies, and are on to them, and Know EXACTLY what they are doing.

[...]

If you feed rats, you soon find them crawling all over your living room.
Who would you rather CCP support, RMTers or Players?

When Plex sells in game, at a price that is not a banquet for the "rats", and still desireable enough that CCP makes a good income, Traders have a commodity in good supply and demand, and Players can buy it for isk for fair labour.

Then Plex is good, fair and functional.

If it merely plays to RMTers and speculators, both long and short term, and creates a feeding frenzy where traders drive the price to more and more unrealistic levels, and end users cease to even consider it as something that they can actually use.

[...]


Could you elaborate on this? I was under the impression that rising PLEX prices helped speculators, but did the opposite for RMTers.

Edit: I wasn't caught up, we're getting to the juicy stuff now it seems.

motie one wrote:
They will change techniques, the minutes show that the war against bots, is going really well, but apparently the increased risks associated with botting may be Encouraging them to Credit card and other fraud to get plex, as the high exchange also makes this greatly more viable and profitable. And also remember Credit card companies chargeback as well as causing issues for the retailer. So overvalued Plex is not exactly in CCP's best interests either, but conversely in the RMT operators best interest. The exact opposite of what some have been claiming, quite falsely.


CCP Peligro said "It's a bit of a double edged sword. Less bots, more fraud.", why does ISK cost of PLEX matter for them in regards to fraud? No matter what they have to undercut them to stay competitive and RL PLEX cost is fixed around $17-20, so even if in-game PLEX hit 20b, they would still have to significantly undercut $20 per 20b to stay competitive. If anything higher PLEX prices not only reduce the profitability of botting (I don't think PVE income isn't going up at the moment), they also reduce the profitability of account hacking, unless the average account they rob is increasing their wealth at the same rate as PLEX is appreciating.

I can't see how the rising ISK cost of PLEX affects the profitability of credit card fraud. The only thing I got from the minutes were that because of their efforts to ban bots, the new sov system and other unmentioned factors (rising PLEX prices perhaps? ;)) it's "it's a lot more expensive to bot now." (Peligro), so RMTers are instead turning to fraud.

motie one wrote:
News flash:- High Plex to ISK redemption rates drive RMT sellers sales! (Who would have guessed?Roll)


But not CCP's? No matter what RMTers have to undercut CCP due to the risk associated with their business, so why would a better higher PLEX prices benefit RMTers more than CCP? The only thing I can think of is if RMT looked significantly better (say 1b more per $20) than PLEX from CCP, even if the RMT risk discount percentage was the same as usual. The Nosy Gamer has talked about this, I'll see if I can find his posts about it, I think there were some statistics.


Yes, I am sure there are a lot of factors and variables to consider, but having RMTers acting as competiition, that CCP effectively has to pay the costs of, must be very frustrating. Possibly the disparity in exchange rates/ value in country relative to living costs, may mean that when Plex has a high in game value that people want plex for cash, and the RMTers can get an increased number of customers and undercut CCP whilst still being highly profitable in local terms. I have not kept up on the rouble exchange rate, or other appropriate currencies, so I do not know if that is the direction they are coming from, there may be also more pressure on purchasers to take risks, but either way, RMTers are acting as competition for CCP even if CCP still make some money from Plex sales.
Clearly not a situation that CCP will want to encourage.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#933 - 2015-10-04 14:26:29 UTC
motie one wrote:
Glad you are not, it could get messy.
It's not that it could get messy, it's that it's either idiotic or redundant.

motie one wrote:
And as for propping up Plex prices, some will believe it is in their best interests
What reason would they have for believing that? What set of circumstances would make it beneficial?

Sure there will be the odd fool out there behaving irrationally on the market, but it's unlikely that such a person would wield sufficient isk to make an impact on the market, because fools don't generally have that kind of isk.

You are advancing tinfoil theories that are predicated on their being a super rich illuminati that is staffed entirely with imbeciles that are hell bent on losing their isk. I don't think the existence of such a group is plausible, because the entire concept is contradictory.

motie one wrote:
Thanks for clarifying, we are appearing on these points to be fully in agreement.
Which points? The only point I advanced was that you are delusional. It would be somewhat paradoxical if you were to agree with me.
motie one
Secret Passage
#934 - 2015-10-04 14:36:05 UTC  |  Edited by: motie one
Bad Bobby wrote:
motie one wrote:
Glad you are not, it could get messy.
It's not that it could get messy, it's that it's either idiotic or redundant.

motie one wrote:
And as for propping up Plex prices, some will believe it is in their best interests
What reason would they have for believing that? What set of circumstances would make it beneficial?

Sure there will be the odd fool out there behaving irrationally on the market, but it's unlikely that such a person would wield sufficient isk to make an impact on the market, because fools don't generally have that kind of isk.

You are advancing tinfoil theories that are predicated on their being a super rich illuminati that is staffed entirely with imbeciles that are hell bent on losing their isk. I don't think the existence of such a group is plausible, because the entire concept is contradictory.

motie one wrote:
Thanks for clarifying, we are appearing on these points to be fully in agreement.
Which points? The only point I advanced was that you are delusional. It would be somewhat paradoxical if you were to agree with me.



For someone who seems to have reasonable market insight, it is surprising how you so fail to understand the motivations of those you deal with with many of your transactions, seeing Plex as purely a token to keep score,of your trading gains, clearly blinds you to the wider aspects.

I'll leave it at that.
It is so much easier, not to see the obvious.
I will leave you with your world view, as it is clearly hard for you to imagine otherwise, and possibly make you a less effective trader if you had to consider the whole picture.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#935 - 2015-10-04 14:40:44 UTC
motie one wrote:
Bad Bobby wrote:
motie one wrote:
Glad you are not, it could get messy.
It's not that it could get messy, it's that it's either idiotic or redundant.

motie one wrote:
And as for propping up Plex prices, some will believe it is in their best interests
What reason would they have for believing that? What set of circumstances would make it beneficial?

Sure there will be the odd fool out there behaving irrationally on the market, but it's unlikely that such a person would wield sufficient isk to make an impact on the market, because fools don't generally have that kind of isk.

You are advancing tinfoil theories that are predicated on their being a super rich illuminati that is staffed entirely with imbeciles that are hell bent on losing their isk. I don't think the existence of such a group is plausible, because the entire concept is contradictory.

motie one wrote:
Thanks for clarifying, we are appearing on these points to be fully in agreement.
Which points? The only point I advanced was that you are delusional. It would be somewhat paradoxical if you were to agree with me.



For someone who seems to have reasonable market insight, it is surprising how you so fail to understand the motivations of those you deal with with many of your transactions, seeing Plex as purely a token to keep score,of your trading gains, clearly blinds you to the wider aspects.

I'll leave it at that.
It is so much easier, not to see the obvious.
I will leave you with your world view, as it is clearly hard for you to imagine otherwise, and possibly make you a less effective trader if you had to consider the whole picture.
So you are just going to throw around the tinfoil and coward out whenever anyone calls you on it?
motie one
Secret Passage
#936 - 2015-10-04 14:46:14 UTC  |  Edited by: motie one
There is more than enough already posted as to explanations and justifications for my comments.
A bit too much for you to reduce to a dismissive one line attack. Do you really believe readers are that stupid? And that would work?

You are more than free to hide beneath a towel and say all is well, and nothing to see here move along.
After all, If you can't see it it can't hurt you?

I'll just post this.
http://h2g2.com/entry/A387029

Maybe it works out for you?

I have often heard that one should not assume malice or blatent self interest when stupidity is an option.
But in many ways you seem to be intelligent?
So I will keep an open mind.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#937 - 2015-10-04 15:03:25 UTC
motie one wrote:
There is more than enough already posted as to explanations and justifications for my comments.
A bit too much for you to reduce to a dismissive one line attack. Do you really believe readers are that stupid? And that would work?
I'm not speaking to "readers" I'm speaking to you. I'm calling you out for posting baseless nonsense. You can either defend your claims or not.

I think you are just here to troll and spout gibberish. You can prove me wrong if you wish.
motie one
Secret Passage
#938 - 2015-10-04 15:10:53 UTC
Bad Bobby wrote:
motie one wrote:
There is more than enough already posted as to explanations and justifications for my comments.
A bit too much for you to reduce to a dismissive one line attack. Do you really believe readers are that stupid? And that would work?
I'm not speaking to "readers" I'm speaking to you. I'm calling you out for posting baseless nonsense. You can either defend your claims or not.

I think you are just here to troll and spout gibberish. You can prove me wrong if you wish.

Well, all points are raised, and discussed in previously published posts.
I recommend that If you have any interest whatsoever, in understanding them, you should attempt to read them.
As opposed to just looking for the odd line you can snip out, and quote out of context.

But as I do not believe you have such an interest, and are simply trying to supress any information or view that upsets your tidy little "unofficial" trading cartel there is not much point even bringing your attention to them.

But of course you could be right, Everything is wonderful! All is right with the world, and Everyone should buy as many plex as they can beg borrow or steal to afford.

And we can all dance hand in hand happily into the rosy future.


>>insert amazing amount of sarcasm emoji here<<
Ishmael D'ren
Alt Beanix Fuel Cartel
Goonswarm Federation
#939 - 2015-10-04 16:07:08 UTC
Wait, you think Bad Bobby, or some kind of cartel is propping plex prices up?
motie one
Secret Passage
#940 - 2015-10-04 16:19:22 UTC  |  Edited by: motie one
Ishmael D'ren wrote:
Wait, you think Bad Bobby, or some kind of cartel is propping plex prices up?


Bobby? Not so much that it counts in the big scheme of things.

Others? One would be naive not to know that.