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PLEX Over 600m now....
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Wolf Kruol
Suicide Squad Gamma
#181 - 2012-10-09 17:45:05 UTC
hehe saw it for 625 in jita today... a friend of mine thinks by Christmas plexs will range around 1bil isk.. at the rate its going he might be right. What?

Wasn't ccp suppose to be monitoring this? I could have sworn that they said they would make sure prices wouldn't go out of whack?

Oh well another jita legit scam.. P

“If you're very very stupid? How can you possibly realize you're very very stupid?

You have to be relatively intelligent to realize how stupid you really are!”
Vertisce Soritenshi
The Scope
Gallente Federation
#182 - 2012-10-09 18:04:04 UTC
Man...I was typing up this huge explanation in Word on all of this...was only halfway done after 3 paragraphs and suddenly stopped caring enough to keep going.

Prices will eventually come back down. Supply and demand has it's own ebb and flow. This was bound to happen eventually. It won't be the last time it happens.

Stop buying PLEX at the price it is at and I guarantee you it will start to trend downwards within a week. PLEX is only worth what people are willing to pay. Right now...people are willing to pay over 600m for them, otherwise they wouldn't cost this much.

Bounties for all! https://forums.eveonline.com/default.aspx?g=posts&m=2279821#post2279821
Skydell
Bad Girl Posse
#183 - 2012-10-09 18:34:58 UTC
As so many have stated, it's about supply and demand.

There are less than 700 Plex in the Forge region right now, under a billion ISK. The bulk of them under 700 mill. It would take someone with a half trillion ISK to buy them all sending Plex in Jita to over a billion. If you add a few hundred billion more you could keep it there.

Lets be generous and say there are 5000 Plex in the game right now. Lets not be generous and say there are only 250,000 with active accounts. That's enough Plex for 2% of EVE for 1 month. Lets suppose for a moment 10% of the population of EVE want to Plex their accounts. That means you are fighting with 4 other people for that plex. That doesn't include other uses, agents of chaos just manipulating for the hell of it or in favor of lower prices elements like annuals and people who Plex'ed 6 months at once.

It still, from a macro perspective means, there are not as many Plex as there are people who want them. Prices Will go up.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#184 - 2012-10-09 18:41:20 UTC
Everything is working as intended.
Cipher Jones
The Thomas Edwards Taco Tuesday All Stars
#185 - 2012-10-09 19:02:18 UTC
Bad Bobby wrote:
Everything is working as intended.


Except for the fact that you only have a hundred some likes. Thats just silly.

internet spaceships

are serious business sir.

and don't forget it
Bobb Smith
Doomheim
#186 - 2012-10-09 19:06:54 UTC
Selling PLEX to sculpt characters is stupid. The whole character avatar thing is stupid. If I wanted a character to walk around, I'd play ANY other MMO. This is supposed to be a SPACESHIP game!
JitaPriceChecker2
Doomheim
#187 - 2012-10-09 19:18:11 UTC
Bad Bobby wrote:
Everything is working as intended.


intended by who ?
Vertisce Soritenshi
The Scope
Gallente Federation
#188 - 2012-10-09 19:25:56 UTC  |  Edited by: Vertisce Soritenshi
Skydell wrote:
As so many have stated, it's about supply and demand.

There are less than 700 Plex in the Forge region right now, under a billion ISK. The bulk of them under 700 mill. It would take someone with a half trillion ISK to buy them all sending Plex in Jita to over a billion. If you add a few hundred billion more you could keep it there.

Lets be generous and say there are 5000 Plex in the game right now. Lets not be generous and say there are only 250,000 with active accounts. That's enough Plex for 2% of EVE for 1 month. Lets suppose for a moment 10% of the population of EVE want to Plex their accounts. That means you are fighting with 4 other people for that plex. That doesn't include other uses, agents of chaos just manipulating for the hell of it or in favor of lower prices elements like annuals and people who Plex'ed 6 months at once.

It still, from a macro perspective means, there are not as many Plex as there are people who want them. Prices Will go up.

Bing ******* o!
Bobb Smith wrote:
Selling PLEX to sculpt characters is stupid. The whole character avatar thing is stupid. If I wanted a character to walk around, I'd play ANY other MMO. This is supposed to be a SPACESHIP game!

That just came completely out of left field. What prompted you to make that comment?
JitaPriceChecker2 wrote:
Bad Bobby wrote:
Everything is working as intended.


intended by who ?

The god of economics.

Bounties for all! https://forums.eveonline.com/default.aspx?g=posts&m=2279821#post2279821
Kalchak
Polaris Rising
Goonswarm Federation
#189 - 2012-10-09 19:30:51 UTC
If you don't like the price, do not buy the product.

I run two accounts and have a family, with a third child on the way. I know for a fact i cannot justify running two accounts for real money with a new baby approaching the gate, so i'm going to have to grind my ass off for isk, beg for donations (yuck), or do as the wife suggested and just sub one account till we get things stabilised financially.
It's not about not affording the sub, i just can't really justify the extra expense right now. So one account will have to be turned off.

This is not brain surgery OR rocket science.

Priorities and Market Economics at work.

/thread
Speaker for TheDead
Fusion Enterprises Ltd
Pandemic Horde
#190 - 2012-10-09 19:32:23 UTC
Survival of the richest, kids....this is EvE! Shocked

CCP feels that way too many people are playing for free, and the business model simply doesn't work. I seriously doubt they will interfere in this price increase in any way.
It's to their benefit to have a broader customer base actually paying them direct, on the other hand, it could backfire and make people stop subbing all those alts.....(Or is that part of the diabolical master plan?) Cool



"Inception date: [u]Expired[/u]."
Skydell
Bad Girl Posse
#191 - 2012-10-09 19:37:41 UTC
Speaker for TheDead wrote:
Survival of the richest, kids....this is EvE! Shocked

CCP feels that way too many people are playing for free, and the business model simply doesn't work. I seriously doubt they will interfere in this price increase in any way.
It's to their benefit to have a broader customer base actually paying them direct, on the other hand, it could backfire and make people stop subbing all those alts.....(Or is that part of the diabolical master plan?) Cool





The only thing CCP should be monitoring is the new wave of Bot alts that just got plex'ed out for the next 3 months.
Nicolo da'Vicenza
Viziam
Amarr Empire
#192 - 2012-10-09 19:41:47 UTC
Speaker for TheDead wrote:
Survival of the richest, kids....this is EvE! Shocked

CCP feels that way too many people are playing for free, and the business model simply doesn't work. I seriously doubt they will interfere in this price increase in any way.
It's to their benefit to have a broader customer base actually paying them direct, on the other hand, it could backfire and make people stop subbing all those alts.....(Or is that part of the diabolical master plan?) Cool

Greater ISK value per plex bought means more people will be tempted to buy PLEX, which is good for CCP.
I know I sure am.
Kari Juptris
Dreddit
Test Alliance Please Ignore
#193 - 2012-10-09 20:30:29 UTC
Speaker for TheDead wrote:

CCP feels that way too many people are playing for free, and the business model simply doesn't work. I seriously doubt they will interfere in this price increase in any way.


I don't presume to speak for CCP, but every single plex in the game was purchased with real world money by somebody at some point. There is no "playing for free". Somebody, sometime, paid for it.
Mara Rinn
Cosmic Goo Convertor
#194 - 2012-10-09 20:37:38 UTC
Speaker for TheDead wrote:
CCP feels that way too many people are playing for free …


Which player does CCP make more money from: the player who subscribes for 12 months for $131.40 ($10.95 a month) or the player who redeems a PLEX each month, for which CCP was paid over $17?

Using PLEX doesn't mean you play for free: it means someone else paid a premium for your game time. An account paid by PLEX results in about 60% more money flowing to CCP (less whatever margins are available for the GTC resellers).

Day 0 Advice for New Players
Mara Rinn
Cosmic Goo Convertor
#195 - 2012-10-09 20:42:10 UTC
Skydell wrote:
It still, from a macro perspective means, there are not as many Plex as there are people who want them. Prices Will go up.


That's about the size of it, compounded by speculative traders (i.e.: people who aren't interested in having PLEX, just profiting from them), and further compounded by supply diminishing as value increases (which is exactly opposite to normal economic theory, where the assumption is that manufacturers will produce more of a profitable product).

Day 0 Advice for New Players
Malcanis
Vanishing Point.
The Initiative.
#196 - 2012-10-09 20:44:57 UTC
Speaker for TheDead wrote:
Survival of the richest, kids....this is EvE! Shocked

CCP feels that way too many people are playing for free, and the business model simply doesn't work. I seriously doubt they will interfere in this price increase in any way.
It's to their benefit to have a broader customer base actually paying them direct, on the other hand, it could backfire and make people stop subbing all those alts.....(Or is that part of the diabolical master plan?) Cool






*sigh*

"Just remember later that I warned against any change to jump ranges or fatigue. You earned whats coming."

Grath Telkin, 11.10.2016
Vincent Athena
Photosynth
#197 - 2012-10-09 20:48:40 UTC
Mara Rinn wrote:
Speaker for TheDead wrote:
CCP feels that way too many people are playing for free …


Which player does CCP make more money from: the player who subscribes for 12 months for $131.40 ($10.95 a month) or the player who redeems a PLEX each month, for which CCP was paid over $17?

Using PLEX doesn't mean you play for free: it means someone else paid a premium for your game time. An account paid by PLEX results in about 60% more money flowing to CCP (less whatever margins are available for the GTC resellers).

Right. CCP would make the most money if one very rich person bought 300,000 PLEX a month, sold them for ISK or gave them to every other player, all of whom used the PLEX to fund their accounts.

Know a Frozen fan? Check this out

Frozen fanfiction
Mara Rinn
Cosmic Goo Convertor
#198 - 2012-10-09 21:01:24 UTC
Maybe CCP needs to run a PLEX for PLEX charity offer? Lol

As in: get rich bastards to buy PLEX to fund the poor bastards who live hand-to-mouth. Perhaps there should be a special in-game offer every now and then for people who redeem large quantities of GTC to PLEX and then sell them on the market for ISK. Maybe a special shirt, golden goggles or a glowing halo (but that would mean CCP has to release hats too).

Yes, a halo. Let's make it so!

Day 0 Advice for New Players
Vertisce Soritenshi
The Scope
Gallente Federation
#199 - 2012-10-09 22:04:26 UTC
Malcanis wrote:
Speaker for TheDead wrote:
Survival of the richest, kids....this is EvE! Shocked

CCP feels that way too many people are playing for free, and the business model simply doesn't work. I seriously doubt they will interfere in this price increase in any way.
It's to their benefit to have a broader customer base actually paying them direct, on the other hand, it could backfire and make people stop subbing all those alts.....(Or is that part of the diabolical master plan?) Cool






*sigh*

I know...right?

Bounties for all! https://forums.eveonline.com/default.aspx?g=posts&m=2279821#post2279821
Marlona Sky
State War Academy
Caldari State
#200 - 2012-10-09 22:08:46 UTC
I liked PLEX far more when players were unable to undock with it. Of course this would eliminate the 'donation' mechanic for CCPs wallet.