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PLEX Over 600m now....

Author
baumjoe
The Phoenix Uprising
Test Alliance Please Ignore
#101 - 2012-10-08 21:47:49 UTC
RAGE QU1T wrote:
The spice MUST continue to flow or brace for havac



I shall chock your navigators of their spice and will bend to my will.
Lors Dornick
Kallisti Industries
#102 - 2012-10-08 21:52:52 UTC
Gogela wrote:

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.


Well, actually I live in that box behind the pub where a GTC costs about 6 beers.

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.

Alavaria Fera
GoonWaffe
#103 - 2012-10-08 21:57:41 UTC
Bart Starr wrote:
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.

Scrubs, you say ... Cool

Triggered by: Wars of Sovless Agression, Bending the Knee, Twisting the Knife, Eating Sov Wheaties, Bombless Bombers, Fizzlesov, Interceptor Fleets, Running Away, GhostTime Vuln, Renters, Bombs, Bubbles ?

James Amril-Kesh
Viziam
Amarr Empire
#104 - 2012-10-08 22:01:04 UTC
Bart Starr wrote:
I don't think scrubs like Krixtal who can't figure out how to earn ISK deserve to play for free.

There are those of us who could with a bit of work make the ISK necessary to buy PLEX every month, but it then becomes a grind to play to grind to play cycle, which is not what I want.

Enjoying the rain today? ;)

Acac Sunflyier
The Ascended Academy
#105 - 2012-10-08 22:02:10 UTC
Only way I've been able to PLEX til december is by getting lucky on SOMER Blink. Otherwise the prices are ridicules.
Acac Sunflyier
The Ascended Academy
#106 - 2012-10-08 22:03:32 UTC
I'd like to also point out that the rise in PLEX cost does increase inflation as PLEX increases the velocity of isk.
Alavaria Fera
GoonWaffe
#107 - 2012-10-08 22:44:18 UTC
James Amril-Kesh wrote:
Bart Starr wrote:
I don't think scrubs like Krixtal who can't figure out how to earn ISK deserve to play for free.

There are those of us who could with a bit of work make the ISK necessary to buy PLEX every month, but it then becomes a grind to play to grind to play cycle, which is not what I want.

It's kind of annoying, isn't it.

Though at least the people selling the plex are happy and hey, they're the ones paying CCP for it so ...

Triggered by: Wars of Sovless Agression, Bending the Knee, Twisting the Knife, Eating Sov Wheaties, Bombless Bombers, Fizzlesov, Interceptor Fleets, Running Away, GhostTime Vuln, Renters, Bombs, Bubbles ?

Valari Nala Zena
Perkone
Caldari State
#108 - 2012-10-08 23:02:43 UTC
I think that increased PLEX prices isn't a good thing for CCP.

The only thing that affects CCP's income, is the amount of accounts active.
An active account means someone payed real money, direct or indirect, for it to be active.

So, if i understand correctly,
when people decide to deactivate some of their accounts because isk per plex is to high, revenue is lost.
Soon Shin
Scarlet Weather Rhapsody
#109 - 2012-10-08 23:16:10 UTC
On the contrary high isk/Real Money Exchange range for PLEX would encourage the sales PLEX more than it encourages RMT.


More people are using PLEX to fund their accounts and less people are buying PLEX, its a two-fold effect that makes PLEXes rise high.
Shizuken
Venerated Stars
#110 - 2012-10-08 23:24:14 UTC
Kyt Thrace wrote:
Do people really NOT understand Supply & Demand :P


No, they really don't. They have this idea that somehow things have a discrete and intrinsic price. When the price changes there must be someone trying to **** them.
Shizuken
Venerated Stars
#111 - 2012-10-08 23:32:24 UTC
Valari Nala Zena wrote:


So, if i understand correctly,
when people decide to deactivate some of their accounts because isk per plex is to high, revenue is lost.



Except that as the ISK value rises it incentivises more players to pay real money for them as they can now trade them for more in game currency. Ask my buddy why he suddenly decided to buy 8 of them. This would at least partially offset the drop in subs. Also if people stop subbing with PLEX then demand will drop until the ISK price comes back to a level that people are willing to pay.
Vertisce Soritenshi
The Scope
Gallente Federation
#112 - 2012-10-08 23:53:44 UTC
It's just a matter of time before they come back down again. At some point people will stop paying the high prices. That in conjunction with the people that buy more of them in hopes of getting more ISK for them will bring prices down as the people that have them at higher prices start to reduce their prices in hopes of selling them off.

Supply...Demand...

Bounties for all! https://forums.eveonline.com/default.aspx?g=posts&m=2279821#post2279821

Large Collidable Object
morons.
#113 - 2012-10-08 23:59:19 UTC
James 315 wrote:

And what do you think is a fair price? Smile



1 bill.
You know... [morons.](http://www.youtube.com/watch?v=4gjOx65yD5A)
half of eve
Royal Amarr Institute
Amarr Empire
#114 - 2012-10-09 00:20:34 UTC
I am genuinely shocked that this thread has so consistently appeared every 6 months or so for the last 6 years(maybe more but that's when I started playing), and that every time there's so many people who think CCP has anything to do with the prices.
Gogela
Epic Ganking Time
CODE.
#115 - 2012-10-09 00:39:19 UTC
Vertisce Soritenshi wrote:
It's just a matter of time before they come back down again. At some point people will stop paying the high prices. That in conjunction with the people that buy more of them in hopes of getting more ISK for them will bring prices down as the people that have them at higher prices start to reduce their prices in hopes of selling them off.

Supply...Demand...

I think it's funny people just keep repeating the same line over and over again to support their argument.

(Some) Factors that are variable and influence PLEX prices:


  • Customer willingness to buy PLEX with real money to exchange for pretend money.
  • We have seen a steady climb in PLEX price since it's inception based on game inflation primarily. This is possible because the type of person that plays EvE has been relatively constant, and thus the probability of them buying PLEX is also relatively constant. Playing the DUST beta, I think I can say w/o an NDA violation that using AUR isn't that big of a deal in the game... as you can't buy an advantage... but man it can save you some time. Because of this, I've noticed that whereas I tend to use a PLEX to extend my account in EvE because I'm dumb and forget how cheap the sub is, I'll be using a lot of AUR in DUST... and you know what? It's fine. It's cheap. I can get countless hours of entertainment for a mercenary pack equivalent of AUR every few months. Those DUST players coming into EvE will have fewer logical walls (such as those I think we EvE player have created around MT) in between themselves and a PLEX. Might throw a wrench into the works... to what end I can't say.

  • Speculation.
  • I know PLEX prices are more expensive in the winter... and I'm not alone. Anyone anticipating the bump might be tempted to speculate. The more that do the higher the PLEX prices go. At some point a bigger trader... somebody w/ hundreds or thousands of PLEX, will decide to cash out. This will cause the market to dip a bit, followed by small holder panic, and real PLEX bargains in spring. It happens every year.

  • Health of EvE the game and Community.
  • If people don't think there's going to be a 2014 for EvE, they won't buy a lot of PLEX. If they do, they might get a lot and sub out for a few years.

  • Purchasing power of a PLEX.
  • The question a player thinking about forking over some green for some gold is 'what will this get me.' If the answer is 'three fully fit battleships' well that might sound pretty damn good, and so the PLEX enters the market. If the answer is 'one battleship kinda fit' than it might not be worth 20 bucks. So in very real terms, we attach the price incidentally to actual purchasing power of the PLEX at the time of the transaction between the customer and CCP. If there is a "true" value to a PLEX at any point in time, analysis of the PLEX market should begin here.

  • Player RL money situation.
  • If you 'ain't got no job and you ain't got s*** to do,' PLEX becomes more valuable to your RL economy. If the price of a cup of coffee in one EvE playing country approaches the down payment on a car in another, I'll bet you good (potentially worthless) money that PLEX prices will go through the roof. Billion ISK PLEX? I can assure you it's only a matter of time.

  • The stockpiles.
  • Some players use PLEX to hedge their fortunes against inflation. If you have half a trillion ISK you will loose tens of billions per year in purchasing power due to inflation if you keep it liquid. If those (and there are many) holding large amounts of PLEX have reason to dump them, they will. It will flood the market. It could create a crash that could take months or even longer for the market to absorb.


The fallacy of the "supply and demand" parrots is that YOU don't know what that means! "Demand" is complex. For demand, one wonders will eve be around for a few more years? Do I want to play that long? If it's assumed PLEX keeps pace w/ inflation how much ISK is out there in player hands that's going to get converted to PLEX? Is the likelihood of a DUST player buying a PLEX greater or less than that of an EvE player? The "supply" side is just as bad: what does a PLEX buy in game today? Exactly how many do you suppose are stockpiled in the richest players in EvE's hangers?

You can't just say "supply and demand" and call it good, because no one save the devs can even begin to approach the answers to the questions those two words imply. Supply: No one will tell you what the supply level is. No EvE players know (unless a dev broke the rules). Demand - this you actually can get a sense for if you look at volume over time (I would say a couple of years is good). That said, predicting the future, the most important aspect of "demand", is particularly tricky right now b/c of DUST.

tl;dr; PLEX is a very different kind of commodity. Predicting it's price is not simple. "Supply and demand" is a disingenuous answer. "Supply" is an unknowable number (for us players) and "Demand" requires some research, informed thought, and creative extrapolation. By design or accident, the PLEX market is dangerous, volatile, and very difficult neigh impossible to predict with a high degree of accuracy.

...just my 2 isk

Signatures should be used responsibly...

Hrothgar Nilsson
#116 - 2012-10-09 00:41:51 UTC
I was wondering, is it considered RMT if a Euro has an American get his PLEX for him to take advantage of the favorable exchange rate?
Ptraci
3 R Corporation
#117 - 2012-10-09 01:16:02 UTC
Krixtal Icefluxor wrote:


1.2 Billion for 2 PLEX would wipe me out though.



You are doing it wrong.
Jack Miton
School of Applied Knowledge
Caldari State
#118 - 2012-10-09 01:30:33 UTC
get a RL job, issue solved...

There is no Bob.

Stuck In Here With Me:  http://sihwm.blogspot.com.au/

Down the Pipe:  http://feeds.feedburner.com/CloakyScout

Gogela
Epic Ganking Time
CODE.
#119 - 2012-10-09 01:35:34 UTC
Jack Miton wrote:
get a RL job, issue solved...

New Eden needs PLEX buyers (sans job) just as much as it needs suppliers (Han's job).

Signatures should be used responsibly...

Bobb Smith
Doomheim
#120 - 2012-10-09 03:51:58 UTC
Alice Saki wrote:
1 Dollar!

TWO dollars! Bidding war no?