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Jita: Live Market Update - Skill Injector Prices Crashing

Author
pajedas
Doomheim
#141 - 2016-02-10 16:04:43 UTC
Ria Nieyli wrote:
He sounds like someone who's holding injectors, hoping to cash out in 1-2 months.

That's why they call it speculation.

No one knows.

Why so skeptical?

🐇

Ria Nieyli
Amok.
Goonswarm Federation
#142 - 2016-02-10 16:06:34 UTC  |  Edited by: Ria Nieyli
pajedas wrote:
Ria Nieyli wrote:
He sounds like someone who's holding injectors, hoping to cash out in 1-2 months.

That's why they call it speculation.

No one knows.

Why so skeptical?


Because the maths of his speculation doesn't work out. I mean, earlier in the thread he managed to add up 15 and 6 to 24.

Not to mention his belief that people have only just now realised that you can farm SP for sale and started training characters from scratch yesterday instead of having them already set up.
Memphis Baas
#143 - 2016-02-10 16:16:04 UTC  |  Edited by: Memphis Baas
I'm not sure about the increased PLEX prices either.

Yesterday it seemed like everyone bought PLEX and dumped it into the Jita market so they could afford to buy some injectors. Usual daily PLEX volume is in the 2000 range, yesterday they had over 10,000 traded. To me that looks like a HUGE influx of PLEX, and it's not like anyone put extra effort into getting any more ISK into the economy (from missions) than usual.

PLEX prices should be crashing.

EDIT: Although, I only disagree with the predictions and analysis. The fact that the OP took the time to post actual Jita and Amarr prices for everyone who couldn't log into the game at the time was a very nice thing on his part. Thank you for doing that.
pajedas
Doomheim
#144 - 2016-02-10 16:16:20 UTC
When you said,
Quote:
He sounds like someone who's holding injectors, hoping to cash out in 1-2 months.

I thought you were referring to Pandora Bokks :-/

The market is so huge I don't think this thread will drive the prices either way.

Only time will tell the supply and demand of this feature.

🐇

Ria Nieyli
Amok.
Goonswarm Federation
#145 - 2016-02-10 16:24:46 UTC
Memphis Baas wrote:
PLEX prices should be crashing.


At the same time people were converting PLEX into aurum to buy extractors, which drove PLEX demand to be higher than usual as well.

pajedas wrote:
When you said,
Quote:
He sounds like someone who's holding injectors, hoping to cash out in 1-2 months.

I thought you were referring to Pandora Bokks :-/

The market is so huge I don't think this thread will drive the prices either way.

Only time will tell the supply and demand of this feature.


I was talking to Pandora, not about him P

As for the supply and demand, well. What could be said has been said.

Alphea Abbra
Project Promethion
#146 - 2016-02-10 16:31:26 UTC
Memphis Baas wrote:
I'm not sure about the increased PLEX prices either.

Yesterday it seemed like everyone bought PLEX and dumped it into the Jita market so they could afford to buy some injectors. Usual daily PLEX volume is in the 2000 range, yesterday they had over 10,000 traded. To me that looks like a HUGE influx of PLEX, and it's not like anyone put extra effort into getting any more ISK into the economy (from missions) than usual.

PLEX prices should be crashing.
Unless a ton of PLEX were bought on the market, used to get AUR and that AUR used to buy items from the store.
In other words, since the extractors costs AUR, people who do this for market games are most likely buying PLEX off the market, which will counterweight the PLEX that enters the market.

Honestly, I think much of that extra PLEX comes from PLEX hoards. Maybe even as much as half. People who have bought a PLEX or two off the market before for their pension, who now sees a need for a quick infusion of cash and sells it, or the serious market players, both could dump a lot of PLEX suddenly when they see the need.
Short-term I'd see the PLEX market being volatile, but a slow trend upwards. When the SP market settles and you can calculate a steady profit, I'd guess PLEX rises more than before, since the extractors and SP farms are extra consumers, but I can't see where increased PLEX-purchase should come from, unless driven by a rising PLEX price ingame.

It's interesting to see, though. I wish I had good access to the EVE market data, this would be absolutely perfect to do some macroeconomics statistics and analysis on!
Kaivar Lancer
Doomheim
#147 - 2016-02-10 16:42:48 UTC
Next on CCP's list: faction standing tags
Kalgeroth
Doomheim
#148 - 2016-02-10 16:43:44 UTC  |  Edited by: Kalgeroth
Arrow I've made my price predictions in the thread
Arrow If anyone disagrees, thats cool, feel free to post your own price predictions

Attention Then we will see who is correct in a few weeks/months

I believe the reason PLEX prices did not crash, was because buying 16 plex and converting them to AUR was the most price efficient way to purchase skill extractors with ISK. So there was record supply, but also record demand.

Anyway, the next few weeks will be fascinating for the market and I look forward to seeing what will happen Cool
pajedas
Doomheim
#149 - 2016-02-10 16:44:40 UTC
Alphea Abbra wrote:
Unless a ton of PLEX were bought on the market, used to get AUR and that AUR used to buy items from the store. In other words, since the extractors costs AUR, people who do this for market games are most likely buying PLEX off the market, which will counterweight the PLEX that enters the market.

Honestly, I think much of that extra PLEX comes from PLEX hoards. Maybe even as much as half. People who have bought a PLEX or two off the market before for their pension, who now sees a need for a quick infusion of cash and sells it, or the serious market players, both could dump a lot of PLEX suddenly when they see the need.
Short-term I'd see the PLEX market being volatile, but a slow trend upwards. When the SP market settles and you can calculate a steady profit, I'd guess PLEX rises more than before, since the extractors and SP farms are extra consumers, but I can't see where increased PLEX-purchase should come from, unless driven by a rising PLEX price ingame.

It's interesting to see, though. I wish I had good access to the EVE market data, this would be absolutely perfect to do some macroeconomics statistics and analysis on!

+1

🐇

Celthric Kanerian
Viziam
Amarr Empire
#150 - 2016-02-10 17:30:31 UTC
Weekly Jita updates on certain items is something that could earn my +1 every time. So thanks for that.
tiberiusric
Comply Or Die
Pandemic Horde
#151 - 2016-02-10 17:33:51 UTC
Rhohan wrote:
I just got rid of 36 mil SP I won't be using anymore. Yay Force Aux!
Nice bit of ISK too.


be interested to know what was your overall profit margin? how much to buy, how much you sold, and whether it was actually worth it

All my views are my own - never be afraid to post with your main, unless you're going to post some dumb shit

Rhohan
Brutor Tribe
Minmatar Republic
#152 - 2016-02-10 17:57:48 UTC
tiberiusric wrote:
Rhohan wrote:
I just got rid of 36 mil SP I won't be using anymore. Yay Force Aux!
Nice bit of ISK too.


be interested to know what was your overall profit margin? how much to buy, how much you sold, and whether it was actually worth it



I simply bought by first extractor for around 300 mil isk, and sold it for around 630 mil isk.
330 mil isk for 500k SP.

Used the profits to buy more extractors, then sold when full.

Did that for all the SP I don't use anymore, which was about 25% of my total SP, on this char.

Did this for my alts as well and have made about 76 Bil on selling SP across two mains and two alts.
Had a lot of redundant and useless SP from over the years.

Both my mains are still about 100 mil SP that I use, but the two alts were drained to min levels.


My only investment was the initial extractor, and of course, the cost of the sub to gain all the SP over the years.
But, if I'm not using it anymore... Blink



Smendrik Von'Smendle
Caldari Provisions
Caldari State
#153 - 2016-02-10 18:10:50 UTC  |  Edited by: Smendrik Von'Smendle
Prediction?.....PAIN

PLEX will be double(2-3bn) in price after the dust settles and as MORE people understand the real value of these injectors.
Waylan Yutani
SkyLark Insurgency
#154 - 2016-02-10 19:25:49 UTC
Theres a new rank 14 skill that needs skilling.. .fast.. Lol
pajedas
Doomheim
#155 - 2016-02-10 19:29:39 UTC
Just ran some numbers and 1b isk per 1m SP gained at 60% loss seems kind of high.

Maybe CCP can offer bigger extractors so you don't have to pay 300m every time you use one?

Just a thought...

🐇

Michael Turate
KarmaFleet
Goonswarm Federation
#156 - 2016-02-10 19:48:25 UTC
I got my isk out yesterday. Regardless of what happens in 2 months, this isk is now working today and generating tangible profit. Working isk is always better than idle isk in my book. Your mileage may, of course, vary.
Pandora Bokks
Pangalactic Frontline Supply Agency
Externa Group
#157 - 2016-02-11 01:03:53 UTC
Ria Nieyli wrote:


I was talking to Pandora, not about him P

.



Do I look that masculine? What?
Dyllan Ma'tar
The Scope
Gallente Federation
#158 - 2016-02-11 01:05:54 UTC
Chasida wrote:
But who is buying all these injectors?! Any high skill char has little use for them, the gained skills are low for high skill chars compared to the cost, so the return will be rather small.

The only use I can see for this is low skill alts. Not even new players are likely the buyers, because they will not have the ISK to buy them.

Or are some people just hoarding the injectors, to speculate in ISK? If so I fear they will burn themselves...

I do understand who all the sellers are, but I do not understand who all the buyers (and users) are! As I said only logical buyers I can come up with are low skill alts for players with A LOT of ISK.


Maybe..., maybe..., some of us just want to eat your brains.
Dyllan Ma'tar
The Scope
Gallente Federation
#159 - 2016-02-11 01:09:35 UTC
Ria Nieyli wrote:


He sounds like someone who's holding injectors, hoping to cash out in 1-2 months.


Ding ding ding ding ding!
Tau Cabalander
Retirement Retreat
Working Stiffs
#160 - 2016-02-11 02:10:46 UTC
pajedas wrote:
That's why they call it speculation.

No one knows.

Heisen-market: It is simultaneously both rising and falling until directly observed.