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The rising price of PLEX and its consequences.

Author
Holy One
Privat Party
#41 - 2011-10-31 11:25:50 UTC
Tore Vest wrote:
Holy One wrote:
Tore Vest wrote:
So.... why so high plex prices ?


Demand. Supply. Iskflation. Risk free pve, technetium in the former NC space etc. More isk in people's wallets, more demand for 'free' game time. Plex supply remaining consistent, means higher prices.


So.... ppl want more plex then market can give.... got it.
Hmm.... more ppl living on plex then.... ?


Superficially yeah. But there are plenty of plex in people's hangars, its just that speculators try to control the markets and higher prices are better for them.

And yeah re: WH, true. I guess you could say then that the distribution of wealth has become less acute with access to better ships to whore pve in. Meaning much higher amounts of isk paid out in bounties and LP's.

:)

bartos200
Living Ghost
#42 - 2011-10-31 11:32:23 UTC
Dradius Calvantia wrote:
Holy One wrote:
The rising price? Is because CCP is pumping trillions of isk in to the economy from wormholes and incursions etc. Demand rises, prices rise. There are a slew of other macro economic factors ofc. But on the whole, people are more affluent than they were three years ago.


You do realize that not one single ISK has been pumped into the EVE economy through WHs right? WHs are sources of resources which then have to be sold to other players for ISK that already exists in game.

The current ISK faucets are:

1. Incursions
2. Mission Rewards
3. Bounties
4. Insurance

These are the only ways that ISK enters the game (unless there is something I am forgetting which is possible at this time of night.)

I personally think that these ISK faucets desperately need to be re-balanced with the ISK sinks.


i have not done mutch WH but i do know that the sleepers drop loot that is sold to NPC buy orders thus pumping isk in the economy
DarkAegix
Center for Advanced Studies
Gallente Federation
#43 - 2011-10-31 11:38:08 UTC  |  Edited by: DarkAegix
Back in my days 30mil ISK bought you a PLEX, a moving-picture cinema ticket, a ferry across the river, lunch, firewood for the night and a warm set of clothes!
Tore Vest
#44 - 2011-10-31 11:41:33 UTC
The way I see it, is that thanks to incursions... ppl have more isk....
Players... after they have bougth 2 or 3 faction bs with multi billion fitting... have nothing else to spend money on.
Noone want to spend isk on a super anymore either.
So.... they buy plex... to live on.
I guess that is ... at least one reason why plex prices are rising.

No troll.

Dradius Calvantia
Lip Shords
#45 - 2011-10-31 11:43:52 UTC
bartos200 wrote:

i have not done mutch WH but i do know that the sleepers drop loot that is sold to NPC buy orders thus pumping isk in the economy


This is false.
Azahni Vah'nos
Vah'nos Family
#46 - 2011-10-31 13:18:05 UTC
You have to wonder what affect the botters have on the PLEX market as we know they wouldn't be paying a sub. Also unless their whole group was banned then it would be far to easy with one or two accounts left to create another group of botting accounts and PLEX them.

Is botting still prolific in EVE and has CCP taken banning them back a few notches after losing so many subscribers? It would also be some interesting theorycrafting guessing what the PLEX price might be without the botters.

Nex (Cash Shop) / Aurum - removing sand from the sandbox since Incarna. Currently the only use for aurum is to buy virtual items in the in-game store, but Cockerill expects to expand its uses in the future.

LacLongQuan
Doomheim
#47 - 2011-10-31 13:20:22 UTC
Holy One wrote:
Tore Vest wrote:
So.... why so high plex prices ?


Demand. Supply. Iskflation. Risk free pve, technetium in the former NC space etc. More isk in people's wallets, more demand for 'free' game time. Plex supply remaining consistent, means higher prices.

^this sums up everything
Jack Dant
The Gentlemen of Low Moral Fibre
#48 - 2011-10-31 13:26:23 UTC
Dradius Calvantia wrote:
bartos200 wrote:

i have not done mutch WH but i do know that the sleepers drop loot that is sold to NPC buy orders thus pumping isk in the economy


This is false.

No, this is false. Sleepers drop "tags" that are bought by NPC research corps. For example the "Sleeper Data Libraries" are worth 200k to NPCs, and have no other use ingame.

What happens in lowsec, stays in lowsec, lowering the barrier to entry to lowsec PVP: https://forums.eveonline.com/default.aspx?g=posts&m=476644&#post476644

Tippia
Sunshine and Lollipops
#49 - 2011-10-31 13:26:52 UTC
Dradius Calvantia wrote:
bartos200 wrote:
i have not done mutch WH but i do know that the sleepers drop loot that is sold to NPC buy orders thus pumping isk in the economy
This is false.
You're being a bit unspecific there…

Anything that is sold to NPC buy orders is pumping ISK into the economy by very definition.
lilol' me
Comply Or Die
Pandemic Horde
#50 - 2011-10-31 13:29:44 UTC  |  Edited by: lilol' me
.
Jennifer Starling
Imperial Navy Forum Patrol
#51 - 2011-10-31 13:57:01 UTC
When prices rise there's one or two reasons:
1. More demand
2. Less supply

ad 1) more demand may be caused by:
- people earning less RL money because of the economical crises and wanting to pay with ISk instead of RL cash;
- people getting more ISK in-game because they find ways to earn more ISK/hour;
- people spending less ISK than before so they have a surplus;

ad 2) less supply may be caused by:
- less people buying plex because they have less RL money;
- NEX items may cause plexes to be removed from the market;

and so on.
wallstreetwhiz
Jita Traders Society
#52 - 2011-10-31 14:43:16 UTC
The very recent power-of-two offer has increased demand enough to mess with prices?
Malcanis
Vanishing Point.
The Initiative.
#53 - 2011-10-31 15:29:27 UTC
Dradius Calvantia wrote:
Holy One wrote:
The rising price? Is because CCP is pumping trillions of isk in to the economy from wormholes and incursions etc. Demand rises, prices rise. There are a slew of other macro economic factors ofc. But on the whole, people are more affluent than they were three years ago.


You do realize that not one single ISK has been pumped into the EVE economy through WHs right? WHs are sources of resources which then have to be sold to other players for ISK that already exists in game.

The current ISK faucets are:

1. Incursions
2. Mission Rewards
3. Bounties
4. Insurance

These are the only ways that ISK enters the game (unless there is something I am forgetting which is possible at this time of night.)

I personally think that these ISK faucets desperately need to be re-balanced with the ISK sinks.


Untrue. There are NPC buyers for the sleeper data libraries, and they pay quite a lot too.

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

Grath Telkin, 11.10.2016

Amro One
One.
#54 - 2011-10-31 16:11:31 UTC
I am sure RMTer are smiling now.
Shaidar Hussan
HelloKittyFanclub
#55 - 2011-10-31 16:29:39 UTC
Tore Vest wrote:
The way I see it, is that thanks to incursions... ppl have more isk....
Players... after they have bougth 2 or 3 faction bs with multi billion fitting... have nothing else to spend money on.
Noone want to spend isk on a super anymore either.
So.... they buy plex... to live on.
I guess that is ... at least one reason why plex prices are rising.

This, incursions are (almost) risk free and generate very large amounts of ISK. The only risk in incursions is griefers and bad fleets, and thanks to channels like BTL they are avoidable. Zero risk ISK generation shouldn't be that simple in this game.

I don't know of anyone that runs incursions and doesn't plex their account. Looking at Jita plex is 450m now, when I ran incursions I could earn that in a single night easily. If you're an incursion runner, you aren't going to be losing ships, so what else would you spend it on? You can easily spend a few days running incursions, plex all your accounts and still have money left over to buy ships for your PvP toon.

Solution: Gimp the crap out of people earning money in high sec. They go into WHs, or into low/null sec, and their money is spent on replacing their ships rather than buying plex.
Tippia
Sunshine and Lollipops
#56 - 2011-10-31 16:35:09 UTC
Amro One wrote:
I am sure RMTer are smiling now.

Why would they smile at increased competition?
Callic Veratar
#57 - 2011-10-31 16:45:19 UTC  |  Edited by: Callic Veratar
Amro One wrote:
I am sure RMTer are smiling now.


Doing a quick google search about that-which-should-never-be-done: RMT ISK sells for about 60-75% of a PLEX. Having the price of PLEX go up is only a good thing, because RMT will be even less profitable. PLEX functions as a hard RMT price cap.

I haven't bought any PLEX yet, but if it goes up higher, I'd definitely consider it.
Holy One
Privat Party
#58 - 2011-10-31 21:16:10 UTC
DarkAegix wrote:
Back in my days 30mil ISK bought you a PLEX, a moving-picture cinema tick, a ferry across the river, lunch, firewood for the night and a warm set of clothes!


Back in my day. The world was yours.

:)

SilentSkills
The Scope
Gallente Federation
#59 - 2011-10-31 21:20:28 UTC
I thought CCP has been actively seeking a viable ISK sink.

I don't see how rising PLEX prices are a bad solution to their problem.
Demon View
Doomheim
#60 - 2011-10-31 21:25:19 UTC
SilentSkills wrote:
I thought CCP has been actively seeking a viable ISK sink.

I don't see how rising PLEX prices are a bad solution to their problem.


Apart from taxes paid, PLEX sales sink no ISK. ISK is just transfered from the buyer to the seller.