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Stable?!
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Thomas Lot
London Elektricity
#1 - 2017-05-22 17:07:30 UTC
" ...Hello skilful Capsuleers of New Eden!

With the changes to PLEX now deployed and the market now stable, today we’d like to tell you about another small improvement we’re going to be making on May 23rd, this time relating to Skill Trading. ..."



Are you just so oblivious to the market that you would try to make this statement? PLEX market is NOT stable. A market increase from 1.2 Billion to 1.5 Billion in three days with a continuation of increase does not in any way indicate stability.


**Throws down the gauntlet.
Khara Hirl
Brutor Tribe
Minmatar Republic
#2 - 2017-05-22 17:09:35 UTC
Thomas Lot wrote:
" ...Hello skilful Capsuleers of New Eden!

With the changes to PLEX now deployed and the market now stable, today we’d like to tell you about another small improvement we’re going to be making on May 23rd, this time relating to Skill Trading. ..."



Are you just so oblivious to the market that you would try to make this statement? PLEX market is NOT stable. A market increase from 1.2 Billion to 1.5 Billion in three days with a continuation of increase does not in any way indicate stability.


**Throws down the gauntlet.



They could not of foreseen this happening, it will eventually bottom out once people get tired of buying skins and **** for plex, to me it's insanity to try to sell skins for $10 each.
Vortexo VonBrenner
Doomheim
#3 - 2017-05-22 17:26:29 UTC  |  Edited by: Vortexo VonBrenner
...except the gauntlet thrown is really just an old dirty torn rubber glove.

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Mr Epeen
It's All About Me
#4 - 2017-05-22 17:28:50 UTC
I guess it comes down to how you define stable.

By my definition it hasn't been stable ever. Been in constant flux since release.

Mr Epeen Cool
Thomas Lot
London Elektricity
#5 - 2017-05-22 17:30:22 UTC
Khara Hirl wrote:



They could not of foreseen this happening, it will eventually bottom out once people get tired of buying skins and **** for plex, to me it's insanity to try to sell skins for $10 each.



I differ in my opinion... With CCP Quant, and various data economists looking at this decision, I believe that CCP knew exactly what was going to happen and that this is a deliberate response to the massive amount of ISK already in-game and continuing to be amassed through NPC bounties.

Lockefox, delonewolf and several other market analysts predicted a large decrease in PLEX prices with the conversion of AURUM to PLEX. They could not factor in the human capacity of hoarding.

Put that together with the fact of ease of speculation with the smaller PLEX and the resulting Increase price is very predictable.

I simply take offense that CCP, in a DEV Blog, would state that PLEX is stable.
Thomas Lot
London Elektricity
#6 - 2017-05-22 17:38:47 UTC
Please understand that I have no problem with the PLEX price by itself. Lockefox pointed out and we all see that the prices of other market items have not significantly changed.

In point of fact, many items have had significant decrease in prices because of either game mechanics (Rorqual mining) or anticipated meta-changes (T3C).

I have no problem putting a few American Dollars into CCP hands for my game time. In fact this is the preferred way for me. I can mine enough mineral wealth or kill enough rats to throw away many many ships in my pathetic attempt at PvP.

Well, really... calling what I do PvP is an insult to real PvPers.


A touch of honesty in Dev Blogs would be refreshing, that's all.
Keno Skir
#7 - 2017-05-22 17:51:43 UTC
Thomas Lot wrote:
Please understand that I have no problem with the PLEX price by itself. Lockefox pointed out and we all see that the prices of other market items have not significantly changed.

In point of fact, many items have had significant decrease in prices because of either game mechanics (Rorqual mining) or anticipated meta-changes (T3C).

I have no problem putting a few American Dollars into CCP hands for my game time. In fact this is the preferred way for me. I can mine enough mineral wealth or kill enough rats to throw away many many ships in my pathetic attempt at PvP.

Well, really... calling what I do PvP is an insult to real PvPers.


A touch of honesty in Dev Blogs would be refreshing, that's all.


Have you considered that as game developers they probably mean stable as in "the new item / system is in market and functioning normally / without glitches" rather than "the price will never change again" which is obviously impossible and stupid in a free market economy.

The price of PLEX has been rising for years, why did you think it would stop dead once they broke it down into mini-plex? The price has now settled reasonably close to the old price and that makes the market for that item as essentially stable as it's going to get.

Job done.

Black Lanterns Blog <- Read my ramblings -.-

250,000 Bonus SP when you start an Alpha Clone HERE <---
Algarion Getz
Aideron Corp
#8 - 2017-05-22 18:04:54 UTC  |  Edited by: Algarion Getz
Thomas Lot wrote:
" ...Hello skilful Capsuleers of New Eden!

With the changes to PLEX now deployed and the market now stable, today we’d like to tell you about another small improvement we’re going to be making on May 23rd, this time relating to Skill Trading. ..."



Are you just so oblivious to the market that you would try to make this statement? PLEX market is NOT stable. A market increase from 1.2 Billion to 1.5 Billion in three days with a continuation of increase does not in any way indicate stability.


**Throws down the gauntlet.

They probalby ment the real money market. I doubt they care much about the ISK price of PLEX as long as they sell the same or more PLEX for real money.

The inflation is also not surprising when you consider that the largest ISK faucet in the game, null sec bounty prices, has doubled in just 1 year and PLEX is one of the few high value goods that is not affected by the material deflation (caused by capital mining).

http://cdn1.eveonline.com/community/MER/Mar_2017/9aaa_top.sinks.faucets.over.time.png
http://cdn1.eveonline.com/community/MER/Mar_2017/9a1_faucets_breakdown.png

Just read the monthly economic reports. You can get so much information out of them.
Thomas Lot
London Elektricity
#9 - 2017-05-22 18:04:58 UTC
Keno Skir wrote:
Thomas Lot wrote:
Please understand that I have no problem with the PLEX price by itself. Lockefox pointed out and we all see that the prices of other market items have not significantly changed.

In point of fact, many items have had significant decrease in prices because of either game mechanics (Rorqual mining) or anticipated meta-changes (T3C).

I have no problem putting a few American Dollars into CCP hands for my game time. In fact this is the preferred way for me. I can mine enough mineral wealth or kill enough rats to throw away many many ships in my pathetic attempt at PvP.

Well, really... calling what I do PvP is an insult to real PvPers.


A touch of honesty in Dev Blogs would be refreshing, that's all.


Have you considered that as game developers they probably mean stable as in "the new item / system is in market and functioning normally / without glitches" rather than "the price will never change again" which is obviously impossible and stupid in a free market economy.

The price of PLEX has been rising for years, why did you think it would stop dead once they broke it down into mini-plex? The price has now settled reasonably close to the old price and that makes the market for that item as essentially stable as it's going to get.

Job done.



Your argument is sound! Looking at it from the stability of the game design instead of from an economic viewpoint puts a perspective on the statement that makes sense.

I bow to your debate and pronounce you a winner of the gauntlet.
Matthias Ancaladron
Imperial Shipment
Amarr Empire
#10 - 2017-05-22 18:05:47 UTC
Khara Hirl wrote:
Thomas Lot wrote:
" ...Hello skilful Capsuleers of New Eden!

With the changes to PLEX now deployed and the market now stable, today we’d like to tell you about another small improvement we’re going to be making on May 23rd, this time relating to Skill Trading. ..."



Are you just so oblivious to the market that you would try to make this statement? PLEX market is NOT stable. A market increase from 1.2 Billion to 1.5 Billion in three days with a continuation of increase does not in any way indicate stability.


**Throws down the gauntlet.



They could not of foreseen this happening, it will eventually bottom out once people get tired of buying skins and **** for plex, to me it's insanity to try to sell skins for $10 each.

Yes they could have because I told them here on forums Plex would skyrocket to 1.5-2b a month or two ago when it was announced.

They knew.
Jenn aSide
Worthless Carebears
The Initiative.
#11 - 2017-05-22 18:12:33 UTC
I remember CCP telling us how few people actually use plex for game time compared to the rest of EVE players, confirming the idea that PLEX is a luxuary, and one usually consumed by the already wealthy. And it is the already wealthy that tend to complain the loudest about plex prices.

Everytime I hear a PLEX price complaint I get this vision of old super rich guys wearing sea captain's hats, blazers and Ascots protesting outside chanting "the price of both Kaviar and PÂTÉ are now OUTRAGEOUS, we demand intervention lest we not have anything to spread over our Blinis!!
Jenn aSide
Worthless Carebears
The Initiative.
#12 - 2017-05-22 18:14:25 UTC
Thomas Lot wrote:
Please understand that I have no problem with the PLEX price by itself. Lockefox pointed out and we all see that the prices of other market items have not significantly changed.

In point of fact, many items have had significant decrease in prices because of either game mechanics (Rorqual mining) or anticipated meta-changes (T3C).

I have no problem putting a few American Dollars into CCP hands for my game time. In fact this is the preferred way for me. I can mine enough mineral wealth or kill enough rats to throw away many many ships in my pathetic attempt at PvP.

Well, really... calling what I do PvP is an insult to real PvPers.


A touch of honesty in Dev Blogs would be refreshing, that's all.



This is your second thread about plex prices in Two days, for someone who doesn't care much about plex prices, you seem to care a lot.
Gaia Ma'chello
Photosynth
#13 - 2017-05-22 18:20:17 UTC
Actually the ones that complain about the high price of the PLEX are those that are just barely wealthy enough to get one. A small rise can put it out of reach, or can make it painful.

For the really wealthy, a PLEX price change is just another way to make more ISK, and hardly something to complain about.
Algarion Getz
Aideron Corp
#14 - 2017-05-22 18:29:26 UTC  |  Edited by: Algarion Getz
Gaia Ma'chello wrote:
Actually the ones that complain about the high price of the PLEX are those that are just barely wealthy enough to get one. A small rise can put it out of reach, or can make it painful.

For the really wealthy, a PLEX price change is just another way to make more ISK, and hardly something to complain about.

I agree. The really wealthy have already invested 100+ bill into PLEX. They couldnt be happier about the price increase.

I have heard of a trader who had over 4000 PLEX before the change. His total net worth has probably increased by a trillion in the last 2 weeks.
Nana Skalski
Taisaanat Kotei
EDENCOM DEFENSIVE INITIATIVE
#15 - 2017-05-22 19:19:21 UTC  |  Edited by: Nana Skalski
Teckos Pech
Hogyoku
Goonswarm Federation
#16 - 2017-05-22 20:46:39 UTC
For the love of God.....

Link

Quote:
CCP is the supplier....players are the consumers--i.e. the demand side. You cannot have a market without both sides. So it is driven by both...but that aside, you are largely correct. The previous $ to ISK conversion was around 62,531,265.6. You need to buy 4.545454 of the 110 PLEX Packs at $4.99 which translates out to $22.68 which when we convert it back to ISK works out to roughly 1,418,322,797.76 ISK.


"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
#17 - 2017-05-22 20:49:19 UTC
Matthias Ancaladron wrote:
Khara Hirl wrote:
Thomas Lot wrote:
" ...Hello skilful Capsuleers of New Eden!

With the changes to PLEX now deployed and the market now stable, today we’d like to tell you about another small improvement we’re going to be making on May 23rd, this time relating to Skill Trading. ..."



Are you just so oblivious to the market that you would try to make this statement? PLEX market is NOT stable. A market increase from 1.2 Billion to 1.5 Billion in three days with a continuation of increase does not in any way indicate stability.


**Throws down the gauntlet.



They could not of foreseen this happening, it will eventually bottom out once people get tired of buying skins and **** for plex, to me it's insanity to try to sell skins for $10 each.

Yes they could have because I told them here on forums Plex would skyrocket to 1.5-2b a month or two ago when it was announced.

They knew.


The rocket seems to be out of fuel. Roll

"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
#18 - 2017-05-22 20:54:22 UTC
Can anyone who has an alt in Perimeter post the current PLEX price (sell order and buy order)? I'm at work and can't log in and EVE-central does not report citadel prices.

I checked last night and I calculated the price of a PLEX was under 1.4 billion.

Thanks.

"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
David Therman
#19 - 2017-05-22 22:24:17 UTC
Teckos Pech wrote:
Can anyone who has an alt in Perimeter post the current PLEX price (sell order and buy order)? I'm at work and can't log in and EVE-central does not report citadel prices.

I checked last night and I calculated the price of a PLEX was under 1.4 billion.

Thanks.


Don't have the exact buy/sell prices, but as of roughly 2 hours ago it was 1.392 billion for 500 Plex.
Thomas Lot
London Elektricity
#20 - 2017-05-22 22:27:09 UTC
Teckos Pech wrote:
Can anyone who has an alt in Perimeter post the current PLEX price (sell order and buy order)? I'm at work and can't log in and EVE-central does not report citadel prices.

I checked last night and I calculated the price of a PLEX was under 1.4 billion.

Thanks.



Jita is the best price on each market, currently.

Sell is at 2.8 Mil, Buy is 2.71...It may actually be stabilizing at the 1.4 B/month range.
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