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RIP PLEX Prices
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Epsilon Dog
Omega Armament
#1 - 2016-08-05 09:32:07 UTC
Here we go again :
https://www.reddit.com/r/Eve/comments/4w9fwk/all_this_exploit_drama_is_lame_lets_get_back_to/
Next trillions from plex will fuel next war.
Last time plex lost almost 500mil of value.
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Zero Zentharis
#2 - 2016-08-05 11:53:19 UTC
Uhh that's a lot of ratting phoenixes.
March rabbit
Aliastra
Gallente Federation
#3 - 2016-08-05 12:02:04 UTC
What is it about? Tried to read linked thread but there is only screenshot with something and lots of fluff in comments.

Another war is funded by casino? And why PLEX should be hurt?

The Mittani: "the inappropriate drunked joke"
Lan Wang
Federal Navy Academy
Gallente Federation
#4 - 2016-08-05 12:04:22 UTC
March rabbit wrote:
What is it about? Tried to read linked thread but there is only screenshot with something and lots of fluff in comments.

Another war is funded by casino? And why PLEX should be hurt?


says in the op, last time was was funded plex dropped 500mil, probably as people dont need to plex as they are being funded, i dunno

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Calm down miner. As you pointed out, people think they can get away with stuff they would not in rl... Like for example illegal mining... - Ima Wreckyou*
March rabbit
Aliastra
Gallente Federation
#5 - 2016-08-05 12:48:44 UTC
Lan Wang wrote:
March rabbit wrote:
What is it about? Tried to read linked thread but there is only screenshot with something and lots of fluff in comments.

Another war is funded by casino? And why PLEX should be hurt?


says in the op, last time was was funded plex dropped 500mil, probably as people dont need to plex as they are being funded, i dunno

Well... I haven't noticed PLEXes for 700 million (if we take 500 mil from 1.2billion where PLEX was at some point in time) for last year. It's price is actually pretty stable above 900mil lately.

So yeah, why PLEX should 'drop 500mil' because of this funding? If anything PLEX could raise a little if funded people will stop paying RL for subscription and pay with PLEXes from funding.

The Mittani: "the inappropriate drunked joke"
Lan Wang
Federal Navy Academy
Gallente Federation
#6 - 2016-08-05 12:57:39 UTC
no plex dropped the last time this war was funded, plex were selling for iirc 1.2+ bil, now settle at 900mil, wether that was because injectors or the war, i dont know, reddit will just turn into the same circle jerk as before

Domination Nephilim - Angel Cartel

Calm down miner. As you pointed out, people think they can get away with stuff they would not in rl... Like for example illegal mining... - Ima Wreckyou*
erg cz
Federal Jegerouns
#7 - 2016-08-05 13:48:18 UTC
Epsilon Dog wrote:
Here we go again :
https://www.reddit.com/r/Eve/comments/4w9fwk/all_this_exploit_drama_is_lame_lets_get_back_to/
Next trillions from plex will fuel next war.
Last time plex lost almost 500mil of value.


Even if TEST deployment in Delve is real, that trillion is already in game, in right hands. No one need to sell/buy a single PLEX to move it. Since it would be casino money, it will not affect eve economy other than by raising prices for ORE and other stuff, needed to build all those cap ships. And I seriosly doubt, that impact on raw stoff prices will be really noteable.

PLEX fall down from 1,2B to 800 M because of citadels and skill injectors, not because of world war bee.

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Do Little
Bluenose Trading
#8 - 2016-08-05 17:04:58 UTC
People with a lot of in-game wealth often store that wealth in PLEX as a hedge against inflation rather than simply leave ISK sitting in their wallet. Both sides needed a lot of ISK to finance the war and a lot of that ISK was raised by selling PLEX on the in-game market. At the same time we had Citadels and a lot of PLEX were sold to raise cash to build them. The increase in supply relative to demand is what pushed the price down.
March rabbit
Aliastra
Gallente Federation
#9 - 2016-08-06 07:41:19 UTC
... and PLEX already risen to 1 billion in Jita.... Yeah, RIP prices.... What?

The Mittani: "the inappropriate drunked joke"
Robby Rova
Doomheim
#10 - 2016-08-06 19:23:27 UTC
March rabbit wrote:
... and PLEX already risen to 1 billion in Jita.... Yeah, RIP prices.... What?


they were on their way there a month ago. No correlation yet.
Sabriz Adoudel
Move along there is nothing here
#11 - 2016-08-07 09:48:52 UTC
One trillion ISK isn't enough to seriously swing the PLEX market.

Now if something different happened that destroyed tens of trillions of ISK - perhaps some new blueprints - that might have a bigger effect. But one trillion getting into circulation will have a very minor inflationary effect, nothing more.

This might add 3-5m to PLEX prices, at most.

I support the New Order and CODE. alliance. www.minerbumping.com
Knitram Relik
State War Academy
Caldari State
#12 - 2016-08-07 10:34:32 UTC
As in real life, war cause the price of "secure" assets to drop. Look at the price of gold before 1939 and after the start of WWII. People want money at times of war so they sell their assets. Even those not involved will see the price dropping and then add to the selling frenzy.

"The problem with quotes on the internet is that it's really hard to verify their authenticity." - Abraham Lincoln
Vaerah Vahrokha
Vahrokh Consulting
#13 - 2016-08-07 21:40:58 UTC
I can easily imagine 2 more relevant factors that right now could affect PLEX prices more than that.

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Angelica Everstar
#14 - 2016-08-07 21:58:03 UTC
The sky is the limit :)

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Princess Adhara
University of Caille
Gallente Federation
#15 - 2016-08-09 02:05:35 UTC
Epsilon Dog wrote:
Here we go again :
https://www.reddit.com/r/Eve/comments/4w9fwk/all_this_exploit_drama_is_lame_lets_get_back_to/
Next trillions from plex will fuel next war.
Last time plex lost almost 500mil of value.


I was thinking about buying one plex in the next few months.

So... good news for me? \o/

Thanks, OP.
flakeys
Doomheim
#16 - 2016-08-09 16:44:36 UTC  |  Edited by: flakeys
Angelica Everstar wrote:
The sky is the limit :)


Whatever happened to akita T ....

We are all born ignorant, but one must work hard to remain stupid.
Sabriz Adoudel
Move along there is nothing here
#17 - 2016-08-10 12:56:45 UTC
Vaerah Vahrokha wrote:
I can easily imagine 2 more relevant factors that right now could affect PLEX prices more than that.


I can certainly think of a big one, although its effect has not yet even started to ripple through the economy.

I support the New Order and CODE. alliance. www.minerbumping.com
Careby
#18 - 2016-08-10 17:07:28 UTC
Isn't it funny how two people can view the same set of data and draw opposite conclusions? Or at least say they do...
flakeys
Doomheim
#19 - 2016-08-10 18:30:40 UTC
Careby wrote:
Isn't it funny how two people can view the same set of data and draw opposite conclusions? Or at least say they do...




I have that daily with my wife , so nah not that ''speciall'' Big smileBlink

We are all born ignorant, but one must work hard to remain stupid.