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I would buy a PLEX if I could sell it for 2 billion ISK. How about you?

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Author
Corey Fumimasa
Science and Trade Institute
Caldari State
#1 - 2013-05-19 15:12:34 UTC
I'm not a big buyer of in game currency. It always seems like cheating to me and ends up taking away more opportunity to interact with the game than it provides.

I have purchased currency in other games just to see what that would be like. The coolest part was the actual transaction, it felt like a shady deal in a dark alley where I was getting something that I wanted for a good price.

But after the fact the currency and the items that I bought with it felt empty of meaning in a way. I stopped playing that character soon after and left that game for a while.

In Eve PLEX is part of the game. Buying a few PLEX to start an investment is a great option, that can pay off in the long run because the investment could eventually start to buy PLEX to play. I think it can be argued that PLEX is one of the most innovative and important innovations in the history of gaming.

there have been a few times that I have thought about buying one; an investment that would have probably returned the money in a year or so, an expensive ship that I wanted to buy, and a few times just for the experience of dealing in one. To this point I have not, 20$ for .5 billion ISK never seemed to be worth it.

I was thinking about PLEX the other day and wrote out some of the pro's and cons, I'm not going to bore you with the details. The bottom line however was intersting, it came out to 2 billion ISK.

What is your bottom line?
Obunagawe
#2 - 2013-05-19 15:18:20 UTC  |  Edited by: Obunagawe
When the isk/hour in-game is better than the isk/hour working IRL and buying PLEX.

For me, I'd need to be earning 20 times as much IRL to make it cost effective for me to finance my EVE with real money.

That's before we consider that RL money supply is limited, while EVE isk supply is as much as you put hours into it. So that's a point in favor of using ISK to pay for EVE.
Danni stark
#3 - 2013-05-19 15:29:36 UTC
i'd probably never buy plex to sell, regardless of the cost of plex.

as it stands i buy plex with isk to fund all of my accounts.
BadAssMcKill
Aliastra
#4 - 2013-05-19 15:44:42 UTC  |  Edited by: BadAssMcKill
I can see your point , but however look at it from CCP's point of view. How many players would buy plex to keep their accounts going if they cost 2 billion?

I think 500-600 million is a decent middle ground
Shadow Lord77
Shadow Industries I
#5 - 2013-05-19 16:03:34 UTC
BadAssMcKill wrote:
I can see your point , but however look at it from CCP's point of view. How many players would buy plex to keep their accounts going if they cost 2 billion?

I think 500-600 million is a decent middle ground

^

I think PLEX is actually undervalued. The real reason why it's so low is that everytime it peaks above 600M CCPs economic designers begin to dump all their confiscated/bought-in-game PLEX on the markets.
floating in space
#6 - 2013-05-19 16:08:54 UTC
I wonder what would happen to the Character Bazaar if PLEX were worth 2b
IHaveCandyGetInTheVan69
Crouching Woman Hidden Cucumber
#7 - 2013-05-19 17:20:40 UTC
Corey Fumimasa wrote:

there have been a few times that I have thought about buying one; an investment that would have probably returned the money in a year or so, an expensive ship that I wanted to buy, and a few times just for the experience of dealing in one. To this point I have not, 20$ for .5 billion ISK never seemed to be worth it.



Seriously, did you not read what you have just written?

If the investment is returned 'in a year or so' surely it doesn't matter how much they cost (unless that cost changes over the year)

If you buy 20bn ISK for $20 and 20bn ISK returns $20 or
100m ISK for $20 and 100m ISK returns $20 in a year why does it matter what the conversion is?

Himnos Altar
An Errant Venture
#8 - 2013-05-19 18:04:26 UTC
I bought Plexes to sell for ISK when I still lived with my parents and they paid for my gas.

Now I'm on my own and have rent to pay (not in-game, thankfully), my own gas, my own electric bill, my own internet bill.......

you better believe I'm buying Plexes with ISK for game time now.
stoicfaux
#9 - 2013-05-19 19:42:00 UTC
If PLEX sold for two billion isk, then that two billion isk would only be worth 0.5 to 0.6 billion isk in today's isk.

Given Eve's historical inflation rate, how long would it take for things to cost four times as much? If you can answer that question, then you'll have a good idea on when you can sell a PLEX for two billion.



Pon Farr Memorial: once every 7 years, all the carebears in high-sec must PvP or they will be temp-banned.

Danni stark
#10 - 2013-05-19 19:43:51 UTC
stoicfaux wrote:
If PLEX sold for two billion isk, then that two billion isk would only be worth 0.5 to 0.6 billion isk in today's isk.

Given Eve's historical inflation rate, how long would it take for things to cost four times as much? If you can answer that question, then you'll have a good idea on when you can sell a PLEX for two billion.





~140/(inflation as a percentage)

is how long it would be.
Captain Tardbar
Deep Core Mining Inc.
Caldari State
#11 - 2013-05-19 20:30:48 UTC
Look. Chances are if you are buying plex with isk, you are most likley earning less than minimum wage in a sense.

If you work at McDonalds in the USA and work two hours you can pay for a month subscription for $7.50 and hour. For working 4 hours you can earn subscription and a plex.

Basically if you cannot make your subscription plus 500 million isk with 4 hours of EVE then you are wasting your time.

Unless, you are enjoying playing EVE more than working at McDonalds then I suppose its not that bad.

Looking to talk on VOIP with other EVE players? Are you new and need help with EVE (welfare) or looking for advice? Looking for adversarial debate with angry people?

Captain Tardbar's Voice Discord Server

Danni stark
#12 - 2013-05-19 20:34:39 UTC
Captain Tardbar wrote:
Look. Chances are if you are buying plex with isk, you are most likley earning less than minimum wage in a sense.

If you work at McDonalds in the USA and work two hours you can pay for a month subscription for $7.50 and hour. For working 4 hours you can earn subscription and a plex.

Basically if you cannot make your subscription plus 500 million isk with 4 hours of EVE then you are wasting your time.

Unless, you are enjoying playing EVE more than working at McDonalds then I suppose its not that bad.



i've worked in a mcdonalds.

i'd rather spend 30 days making 500m isk than work there, it's a ******, thankless job and unless the people you work with have a great sense of humour it's a ******* hellhole.
Celeste Taylor
Ruby Dynasty
#13 - 2013-05-19 20:51:46 UTC
Captain Tardbar wrote:
Look. Chances are if you are buying plex with isk, you are most likley earning less than minimum wage in a sense.

If you work at McDonalds in the USA and work two hours you can pay for a month subscription for $7.50 and hour. For working 4 hours you can earn subscription and a plex.

Basically if you cannot make your subscription plus 500 million isk with 4 hours of EVE then you are wasting your time.

Unless, you are enjoying playing EVE more than working at McDonalds then I suppose its not that bad.



Indeed, the argument works if you like your job more than playing Eve. I also Plex my accounts since I enjoy making money in Eve. Might come as a shock to some people but I actually would even play Eve if I didn't make virtual currency. On the other hand I would quit my job if it didn't pay me.

I like playing Eve and the ability to pay in game is a nice bonus.
Captain Tardbar
Deep Core Mining Inc.
Caldari State
#14 - 2013-05-19 21:05:02 UTC  |  Edited by: Captain Tardbar
Celeste Taylor wrote:
Captain Tardbar wrote:
Look. Chances are if you are buying plex with isk, you are most likley earning less than minimum wage in a sense.

If you work at McDonalds in the USA and work two hours you can pay for a month subscription for $7.50 and hour. For working 4 hours you can earn subscription and a plex.

Basically if you cannot make your subscription plus 500 million isk with 4 hours of EVE then you are wasting your time.

Unless, you are enjoying playing EVE more than working at McDonalds then I suppose its not that bad.



Indeed, the argument works if you like your job more than playing Eve. I also Plex my accounts since I enjoy making money in Eve. Might come as a shock to some people but I actually would even play Eve if I didn't make virtual currency. On the other hand I would quit my job if it didn't pay me.

I like playing Eve and the ability to pay in game is a nice bonus.


Yeah. I think my point is that if you don't enjoy grinding isk in game, then then buying plex is a better option.

Also if you make $30 an hour and work 60 hours a week then plex probaly is good for you.

If you do enjoy grinding isk, then grinding isk is better than paying.

Looking to talk on VOIP with other EVE players? Are you new and need help with EVE (welfare) or looking for advice? Looking for adversarial debate with angry people?

Captain Tardbar's Voice Discord Server

Fatbear
The Scope
Gallente Federation
#15 - 2013-05-19 21:06:20 UTC
Some of us have the option of flexible IRL working, and thus choose how much to work and earn.

I can spend 4 hours in Eve making X amount of ISK, or I can do an additional bit of work for 1, earn some £££, buy PLEXs for the same amount of ISK.

Easy choice.

Especially when most of the money making avenues in this game are soul destroyingly dull.
D3F4ULT
#16 - 2013-05-19 21:55:05 UTC
I'm currently commuting to work at a job that's a hour away and I'm still paying for all three of my accounts while living on my own in college.

I just don't have the time to sit down and plow out isk to support my gaming experience. I'd rather spend an hour at work sitting at a desk then buy a PLEX for a quick 500-600m that would take me a month to make in the current fashion that I play.

"To each his own."

"Bow down before the one you serve, you're going to get what you deserve"

Destiny Corrupted
Deadly Viper Kitten Mitten Sewing Company
#17 - 2013-05-19 21:58:21 UTC
The real question is what that 2 billion could buy you in the game if PLEXes cost that much. The price of a PLEX coincides pretty well with about two hours of minimum wage work in most first-world nations, and also coincides with about two-three hours of grinding the most profitable activities in the game (high-sec incursions, wormhole sleepers, null anomalies).

You'll never really be able to shift this equation. So, does it matter how much a PLEX actually costs in-game?

I wrote some true EVE stories! And no, they're not of the generic "my 0.0 alliance had lots of 0.0 fleets and took a lot of 0.0 space" sort. Check them out here:

https://truestories.eveonline.com/users/2074-destiny-corrupted

Mathias Orsen
The Scope
Gallente Federation
#18 - 2013-05-19 22:10:25 UTC
This is just a foolish post. I'm sure you would buy and sell a plex if you could get 2 billion isk for it. Especially when time and trial has proven they are only worth about 550m.
Corey Fumimasa
Science and Trade Institute
Caldari State
#19 - 2013-05-20 00:21:01 UTC  |  Edited by: Corey Fumimasa
IHaveCandyGetInTheVan69 wrote:
Corey Fumimasa wrote:

there have been a few times that I have thought about buying one; an investment that would have probably returned the money in a year or so, an expensive ship that I wanted to buy, and a few times just for the experience of dealing in one. To this point I have not, 20$ for .5 billion ISK never seemed to be worth it.



Seriously, did you not read what you have just written?

If the investment is returned 'in a year or so' surely it doesn't matter how much they cost (unless that cost changes over the year)

If you buy 20bn ISK for $20 and 20bn ISK returns $20 or
100m ISK for $20 and 100m ISK returns $20 in a year why does it matter what the conversion is?



The time factor fool.
Also, your name is disgusting.
Corey Fumimasa
Science and Trade Institute
Caldari State
#20 - 2013-05-20 00:47:27 UTC
Destiny Corrupted wrote:
The real question is what that 2 billion could buy you in the game if PLEXes cost that much. The price of a PLEX coincides pretty well with about two hours of minimum wage work in most first-world nations, and also coincides with about two-three hours of grinding the most profitable activities in the game (high-sec incursions, wormhole sleepers, null anomalies).

You'll never really be able to shift this equation. So, does it matter how much a PLEX actually costs in-game?


CCP can do whatever they want with the price of PLEX. If they wanted to give more value to a PLEX they could just include a T3 cruiser with every one. If they wanted to lower the ISK price for PLEX they would just have to start seeding them here and there.

In the first case the price of all items in game would start to come down as inventory went up due to these PLEX items. So PLEX would be worth even more ISK and would take longer to grind for players buying them with in game currency.

In the second case the ISK price for PLEX would go down as supply went up.

CCP has never done this, but it wouldn't be difficult if they decided to.

My price of 2 bil is based on the point in time that I would like to see positive cash flow from a PLEX investment. Also just the value I currently place on in game goods. The idea of comparing RL work time to in game ISK grind time wasn't part of my breakdown.
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