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PLEX Over 600m now....
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Darth Gustav
Sith Interstellar Tech Harvesting
#81 - 2012-10-08 19:17:20 UTC
Gogela wrote:
Karl Hobb wrote:
Gogela wrote:
Just be careful Karl. Yes you can make a fortune... but you can just as easily loose one by leveraging in the wrong direction! That said, if you bought your stock at 550 mil / PLEX, I don't think it will ever drop below that again. So GL!

I appreciate the advice (and the speculation Big smile). I made a few hundred mil off the recent zydrine speculation so I feel that even little 'ole amateurish me can watch for bubble signs. Even so, PLEX is special in that it's game time, so it's pretty much win-win for me anyway.

That's why I don't really speculate in it (PLEX). There's no telling what can happen. You can make a ton of ISK every month just playing swings... but there's so much risk. DUST is a big variable. I'll be the first to admit that despite my speculation, I really have no idea what's actually going to happen with DUST. What if EvE gets a million new nubs in a month or two? It could totally happen. What would happen to the market? No idea. Will they be more likely to buy PLEX and sell it on the market? I would bet so. That could actually crash the PLEX market. Buy things with low volume for a good chance of a win b4 DUST is on TQ... is my wild a** guess on how to invest.

Parcel together poor investments and bundle them as A1. People got away with it in RL and scams are allowed in Eve.

You should make a fortune. Cool

PS If you do I want a finder's fee. Thanks!

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom
Karl Hobb
Imperial Margarine
#82 - 2012-10-08 19:25:37 UTC
Gogela wrote:
That's why I don't really speculate in it (PLEX). There's no telling what can happen. You can make a ton of ISK every month just playing swings... but there's so much risk.

Go big or go home, right?

A professional astro-bastard was not available so they sent me.
Mokanor Lenak
Odd Fluffy Bunnies
#83 - 2012-10-08 19:29:15 UTC
Darth Gustav wrote:
Gogela wrote:
Karl Hobb wrote:
Oh man, this is awesome. If you see this Gogela, thanks, that investment is going to pay off (one way or another).

Yah... don't thank me yet because the other shoe will drop eventually. What's happening now is the winter "hype" bubble. This thread isn't helping. I expect PLEX to go up in price as people get amped for the next expansion and what we assume will be DUST players coming into the game... but what threads like this do is get everybody speculating... which creates a bubble. Any time people are investing in something they don't intend to consume, the supply and demand equation gets biased towards false demand. PLEX prices are not rising at a natural rate right now. People are speculating and it's moving up at an imbalanced pace. Just be careful Karl. Yes you can make a fortune... but you can just as easily loose one by leveraging in the wrong direction! That said, if you bought your stock at 550 mil / PLEX, I don't think it will ever drop below that again. So GL!

I'd like to translate this for all the movers and shakers:

Buy PLEX low now.

Sell PLEX high later.

Value = Demand / Supply

This has been a public service announcement from Darth Gustav.



Not everyone has the billions to pull that off :)
Karl Hobb
Imperial Margarine
#84 - 2012-10-08 19:30:30 UTC
Darth Gustav wrote:
Parcel together poor investments and bundle them as A1. People got away with it in RL and scams are allowed in Eve.

Thought: hitting up arrow + enter is even easier than belt ratting while taking care of a six-month old.

* Reminds self to create an alt and set up some bogus Jita contracts tonight.

A professional astro-bastard was not available so they sent me.
Lin-Young Borovskova
Doomheim
#85 - 2012-10-08 19:33:32 UTC
Please make another post like this when it hits the billion. You have too many isk and I almost none so gogogogo 1Bil the plex !

brb
Lin-Young Borovskova
Doomheim
#86 - 2012-10-08 19:35:00 UTC
Mokanor Lenak wrote:
Darth Gustav wrote:
Gogela wrote:
Karl Hobb wrote:
Oh man, this is awesome. If you see this Gogela, thanks, that investment is going to pay off (one way or another).

Yah... don't thank me yet because the other shoe will drop eventually. What's happening now is the winter "hype" bubble. This thread isn't helping. I expect PLEX to go up in price as people get amped for the next expansion and what we assume will be DUST players coming into the game... but what threads like this do is get everybody speculating... which creates a bubble. Any time people are investing in something they don't intend to consume, the supply and demand equation gets biased towards false demand. PLEX prices are not rising at a natural rate right now. People are speculating and it's moving up at an imbalanced pace. Just be careful Karl. Yes you can make a fortune... but you can just as easily loose one by leveraging in the wrong direction! That said, if you bought your stock at 550 mil / PLEX, I don't think it will ever drop below that again. So GL!

I'd like to translate this for all the movers and shakers:

Buy PLEX low now.

Sell PLEX high later.

Value = Demand / Supply

This has been a public service announcement from Darth Gustav.



Not everyone has the billions to pull that off :)



Just wait some idiot to put around 100 and + of those in his cargo and auto pilot to jita, gank him, profit.

brb
Kari Juptris
Dreddit
Test Alliance Please Ignore
#87 - 2012-10-08 19:38:01 UTC  |  Edited by: Kari Juptris
Krixtal Icefluxor wrote:
Have 4 accounts. Tough financial month though. Wanted to buy PLEX as I usually do for at least 2 of the accounts.

1.2 Billion for 2 PLEX would wipe me out though.

So, this means 2 accounts are being suspended this month in the next 3 days. Loss for CCP. I'm sure I'm not the only one.

If a 2 1/2 year player like myself cannot make this viable, the entire idea behind PLEX is blown to smithereens.


Please, please cry more. If you're a 2.5 year old player you should be able to afford that 1.2B/month. I could churn out that amount in 5 days during a slow industrial week. If you're bad at making isk you have nobody to blame but yourself. If you're ratting for your isk, that is even worse.

context: This character is old but I didn't play for the longest time. I only have 29M sp as a 2007 character.

edit: This weekend was a good weekend. I've made 542,039,904 isk (less an overhead of about 50M) in the past 24 hours and 1.4 billion isk since Friday night. No, I don't to FW. My income is far more stable.
Liafcipe9000
Critically Preposterous
#88 - 2012-10-08 20:07:42 UTC
gank haulers or frigs transporting PLEX
it's almost braindead easy
Xenuria
#89 - 2012-10-08 20:09:33 UTC
Plex going up is a good thing for all the people that have disposable incomes and buy plex with money just to sell for isk.

Plex going up is a bad thing for freeloaders who have no money to pay eve subscription.

CSM 12 Candidate
Darth Gustav
Sith Interstellar Tech Harvesting
#90 - 2012-10-08 20:15:38 UTC
Krixtal Icefluxor wrote:
Have 4 accounts. Tough financial month though. Wanted to buy PLEX as I usually do for at least 2 of the accounts.

1.2 Billion for 2 PLEX would wipe me out though.

So, this means 2 accounts are being suspended this month in the next 3 days. Loss for CCP. I'm sure I'm not the only one.

If a 2 1/2 year player like myself cannot make this viable, the entire idea behind PLEX is blown to smithereens.

This looks an awful lot like complaining to me. Roll

Do as Krixtal says, not as Krixtal does. Twisted

He who trolls trolls best when he who is trolled trolls the troller. -Darth Gustav's Axiom
Gogela
Epic Ganking Time
CODE.
#91 - 2012-10-08 20:36:05 UTC  |  Edited by: Gogela
I don't think the EvE market could support derivatives trading without a major overhaul (though it would be pretty sweet...). Also, I'm not sure an Icelandic company is ready to start allowing derivatives trading yet... it's too soon™. Plenty of scamming in EvE already, anyway.

Signatures should be used responsibly...
Bart Starr
Aggressive Structural Steel Expediting Services
#92 - 2012-10-08 20:49:52 UTC
PLEX prices are sizzling.

If you can't take the heat, get out of the kitchen. And get out your wallet.

I don't think scrubs like Krixtal who can't figure out how to earn ISK deserve to play for free.
Silk daShocka
Greasy Hair Club
#93 - 2012-10-08 21:02:47 UTC
I think this may have something to do with people doing circles around beacon in certain complexes in lowsec.

Perhaps it's just the tournament that's coming up who knows
Kitty Bear
Deep Core Mining Inc.
Caldari State
#94 - 2012-10-08 21:06:39 UTC
BORRIS DEMONTFORD wrote:
Get a job?


Not that easy, the global economy is in bad straights
Europe is fiscally f*cked due to the Euro
The UK economy is in a doubledip recession


New Tesco store opened near me a while back, they advertised for 12 vacancies.. they recieved 950 applications.
The national average is almost 20 applicants per vacancy.




Plex ..
I'll buy em if they are cheaper than 500m, and keep my £9.99 a month
If they are more than than 500m, then I'll pay £ to play and buy shiny mods/faction ships with my ISK.
Surfin's PlunderBunny
Sebiestor Tribe
Minmatar Republic
#95 - 2012-10-08 21:07:19 UTC
Finally I invested in something that's not going to bankrupt me this time Big smile

Not like those stupid hulks... hulkageddon didn't jack up the prices then CCP decided to mace me good and changed Hulks so the prices plummeted Evil

"Little ginger moron" ~David Hasselhoff 

Want to see what Surf is training or how little isk Surf has?  http://eveboard.com/pilot/Surfin%27s_PlunderBunny
Lors Dornick
Kallisti Industries
#96 - 2012-10-08 21:24:33 UTC
Kitty Bear wrote:

Not that easy, the global economy is in bad straights


And that's what I think might be a serious fact.

The idea with PLEX was (as stated several times) that people who valued paying X amount of money for 30 days of game higher than grinding Y amount of time in the game.

In many ways, that X vs Y, is related to the amount of free money people have.

As the global economy has troubles, making it harder for people to get jobs (esp young ones, and we do have some under 40 here) it does have an effect.

The current PLEX rush can be a calculated attempt by scheming people (this is EvE after all) but I think it's actually connected to global economy.

And most likely we'll see at least 3 papers from Dr Eyjog students in a year or two ;)

CCP Greyscale: As to starbases, we agree it's pretty terrible, but we don't want to delay the entire release just for this one factor.
Gogela
Epic Ganking Time
CODE.
#97 - 2012-10-08 21:27:55 UTC  |  Edited by: Gogela
Surfin's PlunderBunny wrote:
Finally I invested in something that's not going to bankrupt me this time Big smile

Not like those stupid hulks... hulkageddon didn't jack up the prices then CCP decided to mace me good and changed Hulks so the prices plummeted Evil

Look at the market history of PLEX. It's pretty telling. I'll offer some of my PLEX rules (which may be wrong but it seems pretty right-on to me):

- PLEX is most expensive in Winter, and Cheapest in late Spring / early Summer. (buy low sell high)
- PLEX accrues value roughly as a function of inflation. It's therefor an effective inflation hedge for long term investing.
- PLEX is typically worth less than what it can immediately purchase. For instance, when CCP allowed people to use a PLEX to get the HD stream of fanfest, HD stream buyers also got 2 T-Shirts and a fancy Iteron IV. It was possible to buy multiple streams and thus multiple items. Flipped on the market for the first month or so, a 500 mil ISK PLEX could be turned into 1.2 billion through Fanfest HD Stream items.
- Because PLEX makes a good hedge against inflation, and because it's such a versatile, desirable, and easily transportable commodity, it stands to reason there are already significant stockpiles in the hangers of players. Those PLEX are not being used for game-time. They are being used to maintain the value of this or that capsuleer's fortune. (If you keep 20 billion in ISK for a year it will loose a lot of it's value through inflation. If you put it into PLEX a year later you might get 23 or 24 bil for it, thus preserving your purchasing power). Because I suspect there are so many PLEX out there being used as an investment strategy, I have to conclude that the potential exists, for whatever reason, for it to become in those players interest to dump all of their PLEX to market. This makes PLEX, despite it's track record, potentially volatile.
- PLEX year over year has never lost value in ISK terms.

EDIT: One more but it's important...

- PLEX can be manipulated and frequently is. No PLEX spike is sustainable. If you look at the price history and the price of a PLEX is tracking quickly outside of the expected inflation curve, you can wait and be well assured that it will come back to the normal inflation curve at some point. (When we say "buy low sell high" we mean "buy when it is lower than one would expect and sell (or avoid purchase) when the price level is trending significantly above normal inflation)

Signatures should be used responsibly...
DarthNefarius
Minmatar Heavy Industries
#98 - 2012-10-08 21:32:47 UTC  |  Edited by: DarthNefarius
Skydell wrote:
You can get em for 360 mill in Jita local. Big smile


TROLOLO You can also buy 2plex err wait the contract says 1 for 1.1 billion in JITA local
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'
Lors Dornick
Kallisti Industries
#99 - 2012-10-08 21:32:57 UTC
Gogela wrote:


[shortened to a generic blah]



How about that people have less money that they want to spend on games.

And if there's fewer people to pay and at the same time more people who can/want to spend the time to grind for isk?

The cost of grind vs cash goes up?

Shocking.

CCP Greyscale: As to starbases, we agree it's pretty terrible, but we don't want to delay the entire release just for this one factor.
Gogela
Epic Ganking Time
CODE.
#100 - 2012-10-08 21:40:09 UTC
Lors Dornick wrote:
Gogela wrote:

[shortened to a generic blah]

How about that people have less money that they want to spend on games.

And if there's fewer people to pay and at the same time more people who can/want to spend the time to grind for isk?

The cost of grind vs cash goes up?

Shocking.

Because that's not what's actually happening. If you want to live in that box behind the pleasure hub all your life keep oversimplifying market mechanics.

Signatures should be used responsibly...