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PlexGeddon is coming

Author
Jori McKie
Hedion University
Amarr Empire
#21 - 2012-09-12 08:24:54 UTC  |  Edited by: Jori McKie
Tikera Tissant wrote:

And regarding the plex at the moment, either someone with a lot of ISK bought the lot of it so the prices will push way up, and than he can dump them back to the market, or people bought for the vegas event, or a hell of a lot of ISK was just dumped into the market buy FW or null dwellers.


Trying to manipulate the Plex market is difficult as the volume and cash involved is to high but right now with the low supply it seems possible. Still i doubt it, i think it is what it is, supply is going dry.

The next weekend will be interesting.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." - Abrazzar

Jori McKie
Hedion University
Amarr Empire
#22 - 2012-09-12 08:47:49 UTC  |  Edited by: Jori McKie
What the hell
Jita
~20 Plex for sale (13Plex below 1b, yep 1b)
buy: 544
sell: 600

1b Plex here we come

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." - Abrazzar

Jack Miton
School of Applied Knowledge
Caldari State
#23 - 2012-09-12 08:56:24 UTC
get a job, no more need for plex, problem solved

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Jori McKie
Hedion University
Amarr Empire
#24 - 2012-09-12 09:02:17 UTC
I have no problem with the current Plex prices, it's just fun right now to observe it.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." - Abrazzar

Rastafari equalibrium
The Scope
Gallente Federation
#25 - 2012-09-12 09:46:16 UTC
Not many corps / alliences can afford to artificially inflate the plex market... bet its noobswarm doing it to try to make up for their failed hulkageddon.
Amarrius Ibn Pontificus
Legion Air
#26 - 2012-09-12 10:23:49 UTC  |  Edited by: Amarrius Ibn Pontificus
ESSENCEtrademan boughtout all plex in essense region.
GENESIStrademan boughtout all plex in genesis region.

Feel free to continue the list while claiming there's no manipulation going on.

Oh I'm sorry, was this meant to be a secret?

I'd bet CCP's central bank will fix this before the week-end and manipulater tears will flood these forums.

On a side note, stop blaming Goons for all you dislike about this game. It's gotten old ages ago. If yer unhappy just stop playing,ya know.... do yerself the favor.
Jori McKie
Hedion University
Amarr Empire
#27 - 2012-09-12 10:34:35 UTC
Wooh, i have no idea and aren't involved at all. As i said with the high volume and cash involved it is difficult and risky to short term manipulate the Plex prices, right now it seems possible as the supply is short. But i don't think the manipulation is the reason for the rising Plex price, the supply is short and if a manipulation is going on then it just speeds up the inevitable.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." - Abrazzar

Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
#28 - 2012-09-12 10:42:43 UTC
Amarrius Ibn Pontificus wrote:
ESSENCEtrademan boughtout all plex in essense region.
GENESIStrademan boughtout all plex in genesis region.

Feel free to continue the list while claiming there's no manipulation going on.

Oh I'm sorry, was this meant to be a secret?

I'd bet CCP's central bank will fix this before the week-end and manipulater tears will flood these forums.

On a side note, stop blaming Goons for all you dislike about this game. It's gotten old ages ago. If yer unhappy just stop playing,ya know.... do yerself the favor.


You're mentioning two fairly small regions. If the forge was bought out by jitatrademan(woman) then it would be interesting. For now it's just someone noticing the hike in main regions and balancing out in the rest of empire. IIRC the characters are accessible by quite a few and were most likely therefor quickest to react.

As for blaming goons, I'm not sure how it's a problem. Goons like the attention, people need a scapegoat. Seems fairly symbiotic, no?
yolonda Itonula
Science and Trade Institute
Caldari State
#29 - 2012-09-12 10:44:12 UTC  |  Edited by: yolonda Itonula
less than 48 hours ago there was crap ton of plex's for sale in amarr, this morning when i logged in there was only 4 people selling em.. logged into jita and list was barly more then that and someone had over 30 for sale at nearly 600m a pop...... yes someone is manipulating the plex's.

i buy 1 plex a week, so i am constantly watching them... i have never seen the supply go down that low.
Akrasjel Lanate
Immemorial Coalescence Administration
Immemorial Coalescence
#30 - 2012-09-12 10:49:13 UTC
Or maybe someone know something before the rest of community knows it.

CEO of Lanate Industries

Citizen of Solitude

Little Mittens
Doomheim
#31 - 2012-09-12 11:19:42 UTC
Tanith YarnDemon wrote:
You're mentioning two fairly small regions.
You mean like Amarr was bought out by AMARRtrade, also a small region?
Nah, I don't think there's any concerted effort...
Trappo
Nikkih's transport
#32 - 2012-09-12 14:10:50 UTC
TASHMURKONtrademan bought one from me, cheers
Kaikka Carel
Ziea
#33 - 2012-09-12 14:21:52 UTC
My buddy just said that the cheapest sell order is 576kk while I just bought one for 519kk 9 jumps away from the Jita.
Bad Messenger
Rehabilitation Clinic
#34 - 2012-09-12 14:42:31 UTC
There has been plans for operation like this.

Someone is making some profits Smile
Vincent Athena
Photosynth
#35 - 2012-09-12 15:21:15 UTC
The volume in Forge is actually low. That indicates that the price rise is more due to low supply, rather than high demand. Players are not creating (via use of RL cash) and selling sufficient PLEX to meet current demand.

There are huge stockpiles of PLEX in the game collected by investors over the years. One wonders what will happen to the PLEX when they decide its time to cash out.

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Javajunky
Federal Navy Academy
Gallente Federation
#36 - 2012-09-12 15:36:27 UTC
I'll give CCP the cash for the accounts rather than give the manipulator the ISk. Just because I can easliy afford it.

But I assure you CCP will step in...



People seem to forget CCP is a business and its investors want stability and or growth in the business. This is especially important now that it just obtained additional "private funding" and DUST 514 is just around the corner. CCP doesn't want the drama.



Options:

Arrow10,000 plex sitting on the sideline from bannet bot accounts

Arrow Banning the manipulators entirely, just because the EULA will let them

Arrow Just seeding PLEX at a lower fixed Price permanently (maybe 300M each - ouchies manipulators)



CCP can easily remove Manipulators equation at anytime and there will be nothing they can do about it. You can mess with the mechancis and manipulate the price of an in game product any time thats an in-game mechanic. PLEX is a delicate threshold, item, the second you start impairing subscription numbers, you're crossing a line.

CCP answers to its investors, that is how a businesses work.

This will work itself out, I'm going to break out the popcorn - should be a good show. Manipulator tears incoming.
Huttan Funaila
Caldari Provisions
Caldari State
#37 - 2012-09-12 15:51:41 UTC
Javajunky wrote:
Just seeding PLEX at a lower fixed Price ...

This will kill off CCP's ability to sell PLEX, as there would be little to no reason for players to purchase PLEX from other players, and with that part of the equation killed off, there is no point purchasing PLEX with RL money, thus killing off a source of income for CCP.

My tinfoil hat suspicion is that enough RMT botrings got busted that this is the result.
Idris Helion
Doomheim
#38 - 2012-09-12 15:52:04 UTC  |  Edited by: Idris Helion
Unused PLEX sitting in piles in player hangars hurts CCP's bottom line because it complicates their accounting in real life. They know how many unredeemed PLEX are in the game, but not when they are actually going to be used for game-time (which is the whole point of PLEX, don't forget). The idea behind PLEX was that it provided a sanctioned way to do RM trading -- richer players would buy PLEX with cash, convert the PLEX to ISK, and spend, spend, spend. Poorer players could grind ISK and buy PLEX, then redeem the PLEX for game-time. It worked pretty well for awhile, but the system seems to be breaking down.

The cost of a PLEX is now higher than a monthly sub (by about 25%). Even poorer players have to look at the mechanics involved for grinding ISK for PLEX vs just paying for a sub -- 520M ISK may not be much money to the monocled elite, but it's hours and hours of dreadful grinding for many players. Speculators may be to blame for some of the recent spiking, but I think some of it is also simply due to a shrinking supply of PLEX on the market. Only CCP knows for sure since they can tell how much unredeemed PLEX is still in the game.

A possible solution would be to put an expiration date on the use of a PLEX. Three months, six months, a year, something like that: if you don't use it, it expires and is worth nothing. That would prevent speculators from hoarding PLEX for long periods of time, and would allow CCP some finer-grained control over the situation without intervening in the market.
Jori McKie
Hedion University
Amarr Empire
#39 - 2012-09-12 16:15:39 UTC  |  Edited by: Jori McKie
There might be point when CCP intervenes but i doubt it will be before we see much higher Plex prices.


This is just for the dudes who are crying it's to expansive, it costs to much time to grind party.
Right now at lets say 600m per Plex, you need with
- absolute stupid L4 mission grinding with no idea how to use LP, a Drake
20m/h => 30h (that's 2h for 15days) very painful but doable, still remember you can play this game for "free" after and just used your free time

- knowing how to grind L4 mission and use LP with no idea of the market to convert into ISK, a BS
60m/h => 10h (that's 2h for 5days) not really that hard

- knowing how to perfectly grind L4 mission and use LP with good knowledge of the market to convert into ISK, a damage fitted BS
120m/h => 5h (that's 2h for 2.5days) easy going


Now lets say a Plex costs 1b
- absolute stupid L4 mission grinding with no idea how to use LP, a Drake
20m/h => 50h (that's 2h for 25days) that is only doable for a very dediacted mission runner

- knowing how to grind L4 mission and use LP with no idea of the market to convert into ISK, a BS
60m/h => 16.6h (that's 2h for 8.3days) still not really that hard

- knowing how to perfectly grind L4 mission and use LP with good knowledge of the market to convert into ISK, a damage fitted BS
120m/h => 8.3h (that's 2h for 4.15days) still easy going


No to mention all the other better methods of earning ISK in EVE. It is still to easy to get ISK in EVE and i think the Plex price is reflecting that.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." - Abrazzar

DarthNefarius
Minmatar Heavy Industries
#40 - 2012-09-12 16:45:17 UTC  |  Edited by: DarthNefarius
Jori McKie wrote:
There might be point when CCP intervenes but i doubt it will be before we see much higher Plex prices.


This is just for the dudes who are crying it's to expansive, it costs to much time to grind party.
Right now at lets say 600m per Plex, you need with
- absolute stupid L4 mission grinding with no idea how to use LP, a Drake
20m/h => 30h (that's 2h for 15days) very painful but doable, still remember you can play this game for "free" after and just used your free time
(snip blah blah blah L4missions whine blah blah)


Oh come on stop talking about blaming L4 missions veteran mains with 8 day old speed tanked alts are making 20+ billion a month in FW Winmitar complexes. They went tier 5 again last weekend & we're seeing the PLEX spkie brcause of it.
The PvE designers need to take a class which explains the definition of a Monty Haul campaign.
At least with Incursions you had to have 3 month's plus o trianing to get in a legion or logistic then had to find a fleet and incursions paid what 1/4 what these speedtank alts are making a month?
An' then Chicken@little.com, he come scramblin outta the    Terminal room screaming "The system's crashing! The system's    crashing!" -Uncle RAMus, 'Tales for Cyberpsychotic Children'