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Plex price manipulation, plex up 20 million in less than 24 hours.

First post
Author
Knights Armament
Deep Core Mining Inc.
Caldari State
#1 - 2014-03-11 10:13:15 UTC
Icarus Able
Refuse.Resist
#2 - 2014-03-11 10:13:56 UTC  |  Edited by: Icarus Able
EditDerp its not the weekend anymore Fail
Possibly news of the new ship paintjobs?
Knights Armament
Deep Core Mining Inc.
Caldari State
#3 - 2014-03-11 10:15:34 UTC
Icarus Able wrote:
Its more expensive on weekends because more people are online?

Possibly, but someone is buying up most of the plex and relisting, driving prices up. I thought CCP flooded the market with plex to prevent this type of behavior? What is to stop large alliances from using their vast income to buy up all the plex?
Abrazzar
Vardaugas Family
#4 - 2014-03-11 10:15:44 UTC
1000 words and video messages for the coffin.
Knights Armament
Deep Core Mining Inc.
Caldari State
#5 - 2014-03-11 10:18:23 UTC
One guy has 50 plex going for nearly 700 million isk, obviously we have a big player in the markets right now driving prices up.
Icarus Able
Refuse.Resist
#6 - 2014-03-11 10:21:51 UTC
Im guessing its to do with the ship skins coming out soon. You can convert plex to aurum to pay for them which would drive up the price anyway so maybe someones just getting ahead on the action.
Knights Armament
Deep Core Mining Inc.
Caldari State
#7 - 2014-03-11 10:25:54 UTC  |  Edited by: Knights Armament
I really don't see how 1 month of gametime is worth however many hours it takes your average player to earn 700 million isk.
Icarus Able
Refuse.Resist
#8 - 2014-03-11 10:27:57 UTC
Knights Armament wrote:
I really don't see how 1 month of gametime is worth however many hours it takes your average player to earn 700 million isk.


4 hours if i try and get the right people with me.
Christopher AET
Federal Navy Academy
Gallente Federation
#9 - 2014-03-11 10:30:12 UTC
I fail to see the problem

I drain ducks of their moisture for sustenance.

asteroidjas
Rothschild's Sewage and Septic Sucking Services
The Possum Lodge
#10 - 2014-03-11 10:32:37 UTC
i haven't bought a plex to use for gametime since it was what, 250m...obviously there is no abundance of low-risk isk faucets since somehow more ppl have more money they are willing to spend. Unfortunately, CCP have apparently decided to not include plex in their 'index' to gauge inflation.
Lors Dornick
Kallisti Industries
#11 - 2014-03-11 10:33:40 UTC
Plex is higher in suburbs than in Jita, minor flux is happening.

News at 11.

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.

Gilbaron
The Scope
Gallente Federation
#12 - 2014-03-11 10:39:28 UTC
an investment of 2 billion ISK for a single job that runs for a month makes enough money to buy a plex. it may take some days to sell what you made, but it may happen faster if you spread to a few more jobs in the same category :)
Knights Armament
Deep Core Mining Inc.
Caldari State
#13 - 2014-03-11 10:44:28 UTC
I just don't see the point in allowing plex prices to climb un-regulated, your average 2 month old character isn't going to spend 2.5 billion on a plex.
Commander Spurty
#14 - 2014-03-11 10:50:24 UTC
The tea leafs say "more 40bill raven kill mails soon"

There are good ships,

And wood ships,

And ships that sail the sea

But the best ships are Spaceships

Built by CCP

Jurou Yuan
Wolfraam 74
#15 - 2014-03-11 10:55:45 UTC
Knights Armament wrote:
I just don't see the point in allowing plex prices to climb un-regulated, your average 2 month old character isn't going to spend 2.5 billion on a plex.


They can just pay with money then. Paying with plex is a option not a right.
Knights Armament
Deep Core Mining Inc.
Caldari State
#16 - 2014-03-11 10:57:06 UTC
Jurou Yuan wrote:
Knights Armament wrote:
I just don't see the point in allowing plex prices to climb un-regulated, your average 2 month old character isn't going to spend 2.5 billion on a plex.


They can just pay with money then. Paying with plex is a option not a right.


You're right paying with money might be cheaper in the long run, it would also probably be cheaper to just uninstall the game and play something else. Roll
Rhatar Khurin
Doomheim
#17 - 2014-03-11 11:04:36 UTC
Knights Armament wrote:
I thought CCP flooded the market with plex


What? They have never done this, all PLEX sold are player bought and sold.
Salvos Rhoska
#18 - 2014-03-11 11:11:32 UTC  |  Edited by: Salvos Rhoska
Player market controls price of PLEX ingame. No need for external regulation.

Since all PLEXs are introduced into the game by someone paying IRL money in some form, that part is externally regulated by CCPs pricing, and CCP doesnt need to worry about the ingame price of PLEX interms of their revenue from players maintaining account time.

I agree a rise in PLEX value ingame is to be expected in anticipation of the ship paintjobs.
This because PLEX is the ingame item convertible to AUR.

So there is a connection between the demand on AUR items and PLEX.

Again, there is no need for external regulation on this, because PLEX as the ingame item convertible to AUR, is only introduced into the game by someone somewhere buying ine with IRL money.

AUR, however, can also be purchased from CCP directly out of game.
So if it should happen that demand for AUR items raises so high that it raises PLEX to an unsustainable level (ie: where people are paying so much ISK for PLEX to either maintain gametime or purchase AUR, people will start buying the AUR directly from CCP instead, and the PLEX will devalue eventually to a point where it is more inline with peoples capacity to generate ISK for purposes of maintaining gametime.

So no need to worry, and no need for internal regulation. PLEX price ingame is player controlled. If rising PLEX prices make it harder for people to maintain their account time, that is simply because other playersmaremcharging more, and they will simply have to adapt either by playing harder or more profitably, or obtaining gametime by out of game means. Noteably, another factor is that the higher the value of PLEX ingame is, the more lucrative it is for people to buy PLEX from CCP and sell ingame, which again will serve to reduce PLEX price as supply increases.

TLDR: The more demand there is for AUR items, the higher PLEX price will rise (especially at this point where buying AUR from CCP is (to my perception atleast) still quite uncommon. The existing pool of PLEX ingame, will also drop, owing to people converting them into AUR now, as well as using them for account maintenance, which was the only primary PLEX sink at this point. So even as demand for PLEX increases (to convert into AUR) that also means a direct reduction in PLEX supply, which further increases the foreseeable price of PLEX in ISK.

The proposed current AUR price for paintjobs, is quite low. So low, infact, that converting a PLEX will get you more AUR than what most people even really have use for in terms of just buying the paintjobs. So though AUR items will drain some PLEX, its not likelyto be all that many in the long run.

Make no mistake though, PLEX prices will certainly spike noticeably as we get closer to an actual release of the AUR paintjobs.
I have no doubt that many speculative players can see this eventuality, and are either ensuring they get the PLEZ they need for upcoming months, now, before that happens (therefore driving price up now) but also those whonanticipate being able to sell PLEX in that spike period for substantial profit.

No cause for panic. Everything is as it should be.
Jurou Yuan
Wolfraam 74
#19 - 2014-03-11 11:11:57 UTC
Knights Armament wrote:
Jurou Yuan wrote:
Knights Armament wrote:
I just don't see the point in allowing plex prices to climb un-regulated, your average 2 month old character isn't going to spend 2.5 billion on a plex.


They can just pay with money then. Paying with plex is a option not a right.


You're right paying with money might be cheaper in the long run, it would also probably be cheaper to just uninstall the game and play something else. Roll


So pay with plex? Can't afford too? Nobody else's problem but your own.


Hasikan Miallok
Republic University
Minmatar Republic
#20 - 2014-03-11 11:16:29 UTC
AUR are going up in cost quickly as well.

Probably some market speculation going on.
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