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400M isk for a PLEX?... really?
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Aoki Ayumi
project HAVEN
#1 - 2011-10-31 14:09:19 UTC
The time when I need to use my isk for paying a PLEX has come...
Last one I bought was for 350M isk the past month. Best offer I can find now is 420M isk.
I am supossed to pay 770M isk in 6 months?

I remember when I used to buy a 3 month GTC for 150M isk... for God sake, what has happened?
sajuukkhar69
Borean Freeze
#2 - 2011-10-31 14:12:10 UTC
It's like IRL, people's hunger for money. :/

As some people can't do elseway to pay their subscription, plex sellers are making the prices higher and higher for their own profit.
And btw, I just checked in jita, they are at 480M. :D
Akrasjel Lanate
Immemorial Coalescence Administration
Immemorial Coalescence
#3 - 2011-10-31 14:16:33 UTC
That sucks... WE need more rich kids to put more PLEX on the market.

CEO of Lanate Industries

Citizen of Solitude
OllieNorth
Recidivists Incorporated
#4 - 2011-10-31 14:26:32 UTC
Aoki Ayumi wrote:
The time when I need to use my isk for paying a PLEX has come...
Last one I bought was for 350M isk the past month. Best offer I can find now is 420M isk.
I am supossed to pay 770M isk in 6 months?

I remember when I used to buy a 3 month GTC for 150M isk... for God sake, what has happened?



Congratulations, you are the 99%.

/OCCUPY JITA!
Personal Banker
Universal Eve Lending Corp
#5 - 2011-10-31 14:27:15 UTC
Well I guess you can look at it in two different ways:

#1 It sucks for people who use isk to buy plex to continue there eve subscription

#2 It is great for people who buy plex then sell them, to fund there eve operations

But inst this low compared to before when plexs were over 600m? Or is that something I just heard and wasn't true?

-Chris
Gatan Hahran
Brukterer
#6 - 2011-10-31 14:29:14 UTC  |  Edited by: Gatan Hahran
There are several effects that push the PLEX price.

1) Player numbers suffered a bit: If this happens the pool of isk in illegal markets raises because of selling quitters, which results in lower $/ISK ratio and lower incentive to purchase through legal way = less PLEX = high cost/PLEX, which automatically balances the suppy and demand .. and dollar->PLEX becomes more attractive again at the end of the cycle, which we have far not reached yet.

2) Suffering economy in both USA and Europe, the primary markets of PLEX purchases with dollars. If this happens people tend to be careful with wasting their cash and tend to pay with worthless ISK for their gametime instead of dollar or euro.

3) Speculation



Better way for CCP:

CCP sells the gametime for an ISK amount that is related to the total amount of ISK in the game on active accounts. But how do they earn the money that they get from PLEX now?
They go the Diablo 3 way and allow player to player trading.
Player A wants to sell his ISK to Player B for 100 Dollar.
ISK and Dollar change owners through CCP as third party.
CCP keeps a comission of 25 Dollar for the exchange.
RMT destroyed, since the risk of losing everything is not worth to avoid a 25% fee.
Atima
Inevitable Outcome
E.C.H.O
#7 - 2011-10-31 15:32:01 UTC
Aoki Ayumi wrote:
]

****
Last one I bought was for 350M isk the past month. Best offer I can find now is 420M isk.
I am supossed to pay 770M isk in 6 months?
****


The math is strong in this one.
Shanlara
Weatherlight Industry
#8 - 2011-10-31 15:36:37 UTC
Current jita price is 450m for cheapest... it's starting to get to the point where it's no longer worth it to use ingame money at these price especially for the ones of us who ain't super rich, for the past year I been pretty much trying to use purely plex, at this point I don't want to anymore, this is just way to exspensive for a plex.
mxzf
Shovel Bros
#9 - 2011-10-31 15:49:46 UTC
Shanlara wrote:
Current jita price is 450m for cheapest... it's starting to get to the point where it's no longer worth it to use ingame money at these price especially for the ones of us who ain't super rich, for the past year I been pretty much trying to use purely plex, at this point I don't want to anymore, this is just way to exspensive for a plex.


Precisely. That's how supply and demand works. When the price increases past what people are willing to pay, the demand decreases (in this case people pay for time with $ instead of ISK). If demand drops enough without supply dropping too, you end up with too many PLEX on the market and people start undercutting each other so that their PLEX will sell first and they'll get the ISK from it and the PLEX price will drop (the same thing will happen if a ton of people start buying GTCs to sell for ISK, because supply will go up without demand going up and prices will drop).

This is the beauty of the free market system in Eve and is most definitely working as intended.
rogueclone2
MANDALORIAN MOTORS ENGINEERING CORE
#10 - 2011-10-31 20:08:03 UTC
wow what the hell is going on with the plexs
Florestan Bronstein
Ministry of War
Amarr Empire
#11 - 2011-10-31 20:54:52 UTC
Gatan Hahran wrote:
There are several effects that push the PLEX price.

current power of 2 promotion can also be activated with 3 PLEX (instead of 50$)
rogueclone2
MANDALORIAN MOTORS ENGINEERING CORE
#12 - 2011-10-31 21:12:23 UTC
at what point will ccp step in ?
rogueclone2
MANDALORIAN MOTORS ENGINEERING CORE
#13 - 2011-10-31 21:48:42 UTC
$ 14.95 gets me one plex for 1 account. so now if i'm paying 500 mil for one plex am now paying for my account an 25% of another acount. am i right ?
Florestan Bronstein
Ministry of War
Amarr Empire
#14 - 2011-10-31 22:08:19 UTC  |  Edited by: Florestan Bronstein
rogueclone2 wrote:
$ 14.95 gets me one plex for 1 account. so now if i'm paying 500 mil for one plex am now paying for my account an 25% of another acount. am i right ?

yes, maybe write a petition to find out how to access that quarter account?

if you paid for it, it should be yours.
Sator Nyatt
Nulli Secunda Holding
Nulli Secunda
#15 - 2011-10-31 22:16:25 UTC
rogueclone2 wrote:
at what point will ccp step in ?


They already have.

Unless you've been ignoring all the offers lately, CCP have been making access to plexes for $ cheaper and easier, via power of two, a dozen plexes for a discount, etc etc. Trying to get more people to pay $ for account time and plex, which in turn feeds teh market. More sellers = lower price.

They will never 'step in' and arbitraily drop the price. Thats ********, thats just giving away game time for free, since you can't turn isk into $, only $ into isk.

CCP have no interest in letting plex get too high, because it will mean they will lose subscriptions since a certain percentage of people will refuse/can't pay real money for their accounts.
rogueclone2
MANDALORIAN MOTORS ENGINEERING CORE
#16 - 2011-10-31 22:18:18 UTC
at this point a plex cap needs to be put in places. 400 mil cap sound right to you guys ? a plex can not be sold for more 400 mil
Shanlara
Weatherlight Industry
#17 - 2011-10-31 22:23:43 UTC
rogueclone2 wrote:
at this point a plex cap needs to be put in places. 400 mil cap sound right to you guys ? a plex can not be sold for more 400 mil


This is exactly what I been telling people all day, a cap somewhere needs to be place, and for me 400 is what i'm willing to pay, and still a good price for people buying plex with irl money, but the prices plex's are reaching right now is soon at the point where it's gonna slowly hurt ccp :S
Tahna Rouspel
Viziam
Amarr Empire
#18 - 2011-10-31 22:24:00 UTC  |  Edited by: Tahna Rouspel
The PLEX sale volume hasn't visibly changed in Jita in the last few months. It's the demand that increased, not the offer that decreased.

CCP should not impose a cap. The market varies in a natural way. Losing people that use PLEX isn't an issue as long as the volume of PLEX being sold is the same. If these people are no longer able to pay in isk, they can pay in money or farm more/better.
IceFyre S18
Zulu Labs
#19 - 2011-10-31 22:25:02 UTC
Well see, but I think 1B plex is not much of a problem for average player.
Having 10 alts is different thing tho.
Shanlara
Weatherlight Industry
#20 - 2011-10-31 22:30:48 UTC
Tahna Rouspel wrote:
The PLEX sale volume hasn't visibly changed in Jita in the last few months. It's the demand that increased, not the offer that decreased.

CCP should not impose a cap. The market varies in a natural way. Losing people that use PLEX isn't an issue as long as the volume of PLEX being sold is the same. If these people are no longer able to pay in isk, they can pay in money or farm more/better.


I think your words come from pure greed here, cause what you said makes no sense, I doubt ccp would like to lose a 20% player base just in hope of what you say is true, since how do you expect the influx of plex to keep the same when the player base gets lower ?
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