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Plex Prices

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Teckos Pech
Hogyoku
Goonswarm Federation
#1041 - 2015-11-02 20:09:52 UTC
Oh, and I guess Dr. EyjoG was an economic know-nothing as well,

Quote:
"My recommendation to the development team to them is to think about sinks. How can you sink more stuff in terms of isk out of the economy? I do not see it as a threat to the economy at this point, but it is definitely something the development team should be thinking about in the upcoming release patch."--Dr. EyjoG (8:54 - 9:14 of the posted video)

"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
#1042 - 2015-11-02 20:13:42 UTC
Market McSelling Alt wrote:



"As the player number declines there is less competition for asset generation between players, which means more people can make more isk. The generalization is that the longer you have played the more likely you are to be "invested" in this game. These "invested" players tend to be the ones who plex their account, or to an extreme plex their way to fanfest."



I was clearly talking about people making isk to buy plex... please train up reading comprehension to at least II


So what, I was pointing out you have two contradictory statements. You appear to be completely incapable of reconciling these two statements into a logical narrative.

Or let me put it this way, I know you were providing an explanation about people being able to buy PLEX (I don't care about this explanation, I consider it irrelevant). Inside that explanation was a statement suggesting prices are rising. You also noted that prices are generally declining as per CCP Quant. My point is you have inherently contradictory views and seem completely unaware of it.

"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
#1043 - 2015-11-02 22:56:48 UTC  |  Edited by: Teckos Pech
Did CCP Quant define his notion of the money supply? I could see two possible definitions. First is the total supply of ISK in the game—i.e. all the ISK in all the wallets everywhere in the game. The second and possibly more useful, the amount of ISK in active accounts (including various “live” corporate wallets). So noting that “50% of the money supply is in the economy” doesn’t tell us much. If it is the second, we still don’t know much, but if the number of active accounts is declining, then it is possible the money supply is declining, even though the amount of the money supply circulating remains roughly constant.

Edit: This article suggests it is the second definition.

Quote:
"The most reliable measurement is to look at ISK on active accounts – because there are a lot of accounts that are inactive and, as you will know, if you play EVE your stuff is always there even if you quit playing. Even though that ISK exists, we know that it’s not going to be used in-game so it doesn’t really count even though it could potentially return. So the measurement that we find most valuable to observe is ISK on active paying accounts, people playing the game and subscribed – and that is at any given point between 6 and 700 trillion ISK. A lot of ISK!"--Dr. EyjoG

"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
Sabriz Adoudel
Move along there is nothing here
#1044 - 2015-11-02 23:51:28 UTC
I'm interested to see how much PLEX prices fall with the introduction of a considerable new ISK sink, the Citadel blueprints.

I support the New Order and CODE. alliance. www.minerbumping.com
Ria Nieyli
Nieyli Enterprises
SL33PERS
#1045 - 2015-11-03 10:51:15 UTC
Not much, I reckon. The XL things aren't going to be personal assets. 6b for medium isn't enough to dent serious industrial types, and the large and x-large prices make them corp/alliance assets as it is.

Then again, always count on stupid.
Gadolf Agalder
Sebiestor Tribe
Minmatar Republic
#1046 - 2015-11-08 20:56:53 UTC
1.16b ISK to 1.173 - 2
Gadolf Agalder
Sebiestor Tribe
Minmatar Republic
#1047 - 2015-11-12 00:51:56 UTC
Up to (not down) 1.186,695 b ISK - 4 - 3 - 2 - 1 - 0
Tangentoar
Mining and Logistics Incorporated
#1048 - 2015-11-14 03:59:45 UTC
I find this a most interesting topic. It is just more proof that CCP let's the market sort itself out. I trade the "real" market every morning, futures to be exact. It really is a simple concept; The price for PLEX will stop going higher when the amount of buyers exceed the sellers. When PLEX was at around 200-300 mil ISK if anyone can remember those days, I had multiple characters cranking out operations so I could fund my alts with PLEX because it made sense. I could mine a belt down or research my bpo's and then sell them for ISK then go buy PLEX so I didn't have to pay. This process really only took me a few days too do. I use to be a BUYER of PLEX from an eve market point of view. Now that the cost of plex is now over 1 billion, it doesn't make sense for me to fund my alts with PLEX and now I purchase it with real money so I can sell it on the market, because it makes more sense for me to do it this way now. If I still tried to make the ISK to buy the PLEX it would literally take me all month just to fund my alts and then I'm still "break even". I consider my time valuable as I'm sure most here do, but some consider money more valuable than time. Currently there are those that consider money more valuable their time so they purchase PLEX with ISK and until that sentiment changes I'm "bullish" on PLEX prices.
Teckos Pech
Hogyoku
Goonswarm Federation
#1049 - 2015-11-14 04:18:54 UTC
Tangentoar wrote:
I find this a most interesting topic. It is just more proof that CCP let's the market sort itself out. I trade the "real" market every morning, futures to be exact. It really is a simple concept; The price for PLEX will stop going higher when the amount of buyers exceed the sellers. When PLEX was at around 200-300 mil ISK if anyone can remember those days, I had multiple characters cranking out operations so I could fund my alts with PLEX because it made sense. I could mine a belt down or research my bpo's and then sell them for ISK then go buy PLEX so I didn't have to pay. This process really only took me a few days too do. I use to be a BUYER of PLEX from an eve market point of view. Now that the cost of plex is now over 1 billion, it doesn't make sense for me to fund my alts with PLEX and now I purchase it with real money so I can sell it on the market, because it makes more sense for me to do it this way now. If I still tried to make the ISK to buy the PLEX it would literally take me all month just to fund my alts and then I'm still "break even". I consider my time valuable as I'm sure most here do, but some consider money more valuable than time. Currently there are those that consider money more valuable their time so they purchase PLEX with ISK and until that sentiment changes I'm "bullish" on PLEX prices.



That last part where some people consider money more valuable than their time...they are essentially putting a very low value on their time. For example, if they are taking 20 hours to afford a PLEX they are implicitly saying that their leisure time is worth less than $1/hour. Another implication of this is that they'd work for less than $1/hour too.

"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
Tangentoar
Mining and Logistics Incorporated
#1050 - 2015-11-14 04:33:19 UTC
Teckos Pech wrote:
Tangentoar wrote:
I find this a most interesting topic. It is just more proof that CCP let's the market sort itself out. I trade the "real" market every morning, futures to be exact. It really is a simple concept; The price for PLEX will stop going higher when the amount of buyers exceed the sellers. When PLEX was at around 200-300 mil ISK if anyone can remember those days, I had multiple characters cranking out operations so I could fund my alts with PLEX because it made sense. I could mine a belt down or research my bpo's and then sell them for ISK then go buy PLEX so I didn't have to pay. This process really only took me a few days too do. I use to be a BUYER of PLEX from an eve market point of view. Now that the cost of plex is now over 1 billion, it doesn't make sense for me to fund my alts with PLEX and now I purchase it with real money so I can sell it on the market, because it makes more sense for me to do it this way now. If I still tried to make the ISK to buy the PLEX it would literally take me all month just to fund my alts and then I'm still "break even". I consider my time valuable as I'm sure most here do, but some consider money more valuable than time. Currently there are those that consider money more valuable their time so they purchase PLEX with ISK and until that sentiment changes I'm "bullish" on PLEX prices.



That last part where some people consider money more valuable than their time...they are essentially putting a very low value on their time. For example, if they are taking 20 hours to afford a PLEX they are implicitly saying that their leisure time is worth less than $1/hour. Another implication of this is that they'd work for less than $1/hour too.


Exactly. I'm actually quite surprised the amount of time people put into this game trading, researching etc. now with PLEX as high as it is. Everything is either time or money to me, PLEX would have to seriously tank for me to go back to the old way of doing things because right now as you say, even at 100 mil ISK per hour income assuming that I don't take a break, it would take me 12 hours to buy a single PLEX with ISK. It would make more sense for me to work 2 extra hours at my theoretical low paying job of 10 dollars an hour and just buy a PLEX with real money instead. I've pretty much stopped manufacturing and doing BPO's because most people insist in this game that they don't want to make hardly any profit on the time they put in. That's fine with me, I'll let these guys work hours and hours making the product for a measly profit while I work a single extra hour at my Engineering Job and buy 4 PLEX when I get home. 6 Billion ISK for one hour of work aint too shabby. I never made that kind of ISK before.
Teckos Pech
Hogyoku
Goonswarm Federation
#1051 - 2015-11-14 04:38:14 UTC
Tangentoar wrote:
Teckos Pech wrote:
Tangentoar wrote:
I find this a most interesting topic. It is just more proof that CCP let's the market sort itself out. I trade the "real" market every morning, futures to be exact. It really is a simple concept; The price for PLEX will stop going higher when the amount of buyers exceed the sellers. When PLEX was at around 200-300 mil ISK if anyone can remember those days, I had multiple characters cranking out operations so I could fund my alts with PLEX because it made sense. I could mine a belt down or research my bpo's and then sell them for ISK then go buy PLEX so I didn't have to pay. This process really only took me a few days too do. I use to be a BUYER of PLEX from an eve market point of view. Now that the cost of plex is now over 1 billion, it doesn't make sense for me to fund my alts with PLEX and now I purchase it with real money so I can sell it on the market, because it makes more sense for me to do it this way now. If I still tried to make the ISK to buy the PLEX it would literally take me all month just to fund my alts and then I'm still "break even". I consider my time valuable as I'm sure most here do, but some consider money more valuable than time. Currently there are those that consider money more valuable their time so they purchase PLEX with ISK and until that sentiment changes I'm "bullish" on PLEX prices.



That last part where some people consider money more valuable than their time...they are essentially putting a very low value on their time. For example, if they are taking 20 hours to afford a PLEX they are implicitly saying that their leisure time is worth less than $1/hour. Another implication of this is that they'd work for less than $1/hour too.


Exactly. I'm actually quite surprised the amount of time people put into this game trading, researching etc. now with PLEX as high as it is. Everything is either time or money to me, PLEX would have to seriously tank for me to go back to the old way of doing things because right now as you say, even at 100 mil ISK per hour income assuming that I don't take a break, it would take me 12 hours to buy a single PLEX with ISK. It would make more sense for me to work 2 extra hours at my theoretical low paying job of 10 dollars an hour and just buy a PLEX with real money instead. I've pretty much stopped manufacturing and doing BPO's because most people insist in this game that they don't want to make hardly any profit on the time they put in. That's fine with me, I'll let these guys work hours and hours making the product for a measly profit while I work a single extra hour at my Engineering Job and buy 4 PLEX when I get home. 6 Billion ISK for one hour of work aint too shabby. I never made that kind of ISK before.


Exactly, I just pay for my account with a credit card and then spend a few hours in game to make ISK so I can have ships to go have fun in.

"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
Buzz Orti
State War Academy
Caldari State
#1052 - 2015-11-16 20:23:18 UTC
I bought my first or second plex at 2.109b ISK or so.
It was used to cover for this pilot 30 days of active time , and also forums posting period.
screenshots

Builds ship in empty Quafe bottle.
Vincent Athena
Photosynth
#1053 - 2015-11-17 21:32:23 UTC
Teckos Pech wrote:
Tangentoar wrote:
I find this a most interesting topic. It is just more proof that CCP let's the market sort itself out. I trade the "real" market every morning, futures to be exact. It really is a simple concept; The price for PLEX will stop going higher when the amount of buyers exceed the sellers. When PLEX was at around 200-300 mil ISK if anyone can remember those days, I had multiple characters cranking out operations so I could fund my alts with PLEX because it made sense. I could mine a belt down or research my bpo's and then sell them for ISK then go buy PLEX so I didn't have to pay. This process really only took me a few days too do. I use to be a BUYER of PLEX from an eve market point of view. Now that the cost of plex is now over 1 billion, it doesn't make sense for me to fund my alts with PLEX and now I purchase it with real money so I can sell it on the market, because it makes more sense for me to do it this way now. If I still tried to make the ISK to buy the PLEX it would literally take me all month just to fund my alts and then I'm still "break even". I consider my time valuable as I'm sure most here do, but some consider money more valuable than time. Currently there are those that consider money more valuable their time so they purchase PLEX with ISK and until that sentiment changes I'm "bullish" on PLEX prices.



That last part where some people consider money more valuable than their time...they are essentially putting a very low value on their time. For example, if they are taking 20 hours to afford a PLEX they are implicitly saying that their leisure time is worth less than $1/hour. Another implication of this is that they'd work for less than $1/hour too.

Unless you have a personal goal of playing for free, and you get enjoyment out of accomplishing that goal. For some, making ISK is fun, especially if it means they can get that fun for zero cash.

Know a Frozen fan? Check this out

Frozen fanfiction
Teckos Pech
Hogyoku
Goonswarm Federation
#1054 - 2015-11-17 22:22:38 UTC
Vincent Athena wrote:
Teckos Pech wrote:
Tangentoar wrote:
I find this a most interesting topic. It is just more proof that CCP let's the market sort itself out. I trade the "real" market every morning, futures to be exact. It really is a simple concept; The price for PLEX will stop going higher when the amount of buyers exceed the sellers. When PLEX was at around 200-300 mil ISK if anyone can remember those days, I had multiple characters cranking out operations so I could fund my alts with PLEX because it made sense. I could mine a belt down or research my bpo's and then sell them for ISK then go buy PLEX so I didn't have to pay. This process really only took me a few days too do. I use to be a BUYER of PLEX from an eve market point of view. Now that the cost of plex is now over 1 billion, it doesn't make sense for me to fund my alts with PLEX and now I purchase it with real money so I can sell it on the market, because it makes more sense for me to do it this way now. If I still tried to make the ISK to buy the PLEX it would literally take me all month just to fund my alts and then I'm still "break even". I consider my time valuable as I'm sure most here do, but some consider money more valuable than time. Currently there are those that consider money more valuable their time so they purchase PLEX with ISK and until that sentiment changes I'm "bullish" on PLEX prices.



That last part where some people consider money more valuable than their time...they are essentially putting a very low value on their time. For example, if they are taking 20 hours to afford a PLEX they are implicitly saying that their leisure time is worth less than $1/hour. Another implication of this is that they'd work for less than $1/hour too.

Unless you have a personal goal of playing for free, and you get enjoyment out of accomplishing that goal. For some, making ISK is fun, especially if it means they can get that fun for zero cash.


No, it is not free. Opportunity cost and all that.

"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
Veraca Darmazaf
Ministry of War
Amarr Empire
#1055 - 2015-11-17 22:27:17 UTC  |  Edited by: Veraca Darmazaf
Teckos Pech wrote:
Vincent Athena wrote:
Teckos Pech wrote:
Tangentoar wrote:
I find this a most interesting topic. It is just more proof that CCP let's the market sort itself out. I trade the "real" market every morning, futures to be exact. It really is a simple concept; The price for PLEX will stop going higher when the amount of buyers exceed the sellers. When PLEX was at around 200-300 mil ISK if anyone can remember those days, I had multiple characters cranking out operations so I could fund my alts with PLEX because it made sense. I could mine a belt down or research my bpo's and then sell them for ISK then go buy PLEX so I didn't have to pay. This process really only took me a few days too do. I use to be a BUYER of PLEX from an eve market point of view. Now that the cost of plex is now over 1 billion, it doesn't make sense for me to fund my alts with PLEX and now I purchase it with real money so I can sell it on the market, because it makes more sense for me to do it this way now. If I still tried to make the ISK to buy the PLEX it would literally take me all month just to fund my alts and then I'm still "break even". I consider my time valuable as I'm sure most here do, but some consider money more valuable than time. Currently there are those that consider money more valuable their time so they purchase PLEX with ISK and until that sentiment changes I'm "bullish" on PLEX prices.



That last part where some people consider money more valuable than their time...they are essentially putting a very low value on their time. For example, if they are taking 20 hours to afford a PLEX they are implicitly saying that their leisure time is worth less than $1/hour. Another implication of this is that they'd work for less than $1/hour too.

Unless you have a personal goal of playing for free, and you get enjoyment out of accomplishing that goal. For some, making ISK is fun, especially if it means they can get that fun for zero cash.


No, it is not free. Opportunity cost and all that.

I believe his point was that if you enjoy doing whatever to earn ISK and have nothing else you would rather spend it on, it's not costing you any more than spending the same time on anything else in game you want to do. Either way your spending x hours on entertaining yourself.
Jinto Rinn
Doomheim
#1056 - 2015-11-18 13:22:51 UTC
http://imgur.com/vNmvJkX

That buy order though Shocked
Buzz Orti
State War Academy
Caldari State
#1057 - 2015-11-18 15:38:05 UTC
I forgot if it went up to 1.209 or 1.29.
It's now back up to 1.216 .

I started to work on the screenshots of my last purchase, but most of them are not finished.

Those above are the station listing prices near The Forge btw...
(those wouldn't show up in The Citadel...)

http://imgur.com/s5w8Lx2
It took me 11 minutes and a few seconds to fly to Jita to trade the PLEx for activation using (4) Hours for PLEx.

Builds ship in empty Quafe bottle.
Lors Dornick
Kallisti Industries
#1058 - 2015-11-18 15:57:51 UTC
I pay for my account(s) using real money, since I refuse to grind for Isk.

Sometimes I find a nice flow and make some, mainly by trading or buying/building/selling.

And sometimes I have a surplus of Isk and no obvious plan or scheme to invest in.

(As in to busy in KSP to really play the Eve market in earnest).

So I stash the surplus in Eve's version of governments bonds, aka plex.

Leaving isk stashed under the pillow (as in resting in j.random wallet) is a guaranteed loss over time.

And while a temporary crash in the plex market is possible, I do regard it as quite safe over time.

CCP Greyscale: As to starbases, we agree it's pretty terrible, but we don't want to delay the entire release just for this one factor.
Gadolf Agalder
Sebiestor Tribe
Minmatar Republic
#1059 - 2015-11-18 17:20:51 UTC
Lors Dornick wrote:
I pay for my account(s) using real money, since I refuse to grind for Isk.

Sometimes I find a nice flow and make some, mainly by trading or buying/building/selling.

And sometimes I have a surplus of Isk and no obvious plan or scheme to invest in.

(As in to busy in KSP to really play the Eve market in earnest).

So I stash the surplus in Eve's version of governments bonds, aka plex.

Leaving isk stashed under the pillow (as in resting in j.random wallet) is a guaranteed loss over time.

And while a temporary crash in the plex market is possible, I do regard it as quite safe over time.

I paid for my account using real money, except that I had to buy time back with a PLEx because I ran out of money (laid off).
Lucas Kell
Solitude Trading
S.N.O.T.
#1060 - 2015-11-18 17:53:45 UTC
Lors Dornick wrote:
I pay for my account(s) using real money, since I refuse to grind for Isk.

Sometimes I find a nice flow and make some, mainly by trading or buying/building/selling.

And sometimes I have a surplus of Isk and no obvious plan or scheme to invest in.

(As in to busy in KSP to really play the Eve market in earnest).

So I stash the surplus in Eve's version of governments bonds, aka plex.

Leaving isk stashed under the pillow (as in resting in j.random wallet) is a guaranteed loss over time.

And while a temporary crash in the plex market is possible, I do regard it as quite safe over time.
I pay for my accounts in plex, since the act of playing for fun in itself generates me more than enough income to plex my accounts. I'd probably pay with cash if I had to put any effort outside of enjoying the game into it, but I don't see that happening any time soon.

But yeah, plex will always go up.

The Indecisive Noob - EVE fan blog.

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