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Plex prices

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Hasikan Miallok
Republic University
Minmatar Republic
#61 - 2014-06-27 01:27:54 UTC
Remiel Pollard wrote:


I then gamble all the isk I make away on Somer Blink because reasons.


U no maka the profits on Somer Blink ?
DaReaper
Net 7
Cannon.Fodder
#62 - 2014-06-27 01:29:04 UTC
xXxXxXxXxXxX Orti wrote:
DaReaper wrote:
PotatoOverdose wrote:
Looking at the average sell order for plex over the past 6 years and compare to overall PCU for those same times:

2008-6-26: N/A----------------------------------PCU: 23718---------------------Empyrean Age
2008-11-18: 309 Mil----------------------------PCU: 25151 (Δ =+1433)----Quantum Rise
2009-6-26: 400 Mil (Δ =+91 Mil)-----------PCU: 28363 (Δ =+3121)----Apocrypha
2010-6-26: 308 Mil (Δ = -92 Mil)-----------PCU: 32695 (Δ =+4332)----Tyrannis
2011-6-26: 393 Mil (Δ = +85 Mil)----------PCU: 31884 (Δ =-811)-------Incarna
2012-6-26: 498 Mil (Δ = +105 Mil)--------PCU: 28464 (Δ =-3420)-----Inferno
2013-6-26: 558 Mil (Δ = +60 Mil)----------PCU: 33124 (Δ =+4660)----Odyssey
2014-6-26: 750 Mil (Δ = +192 Mil)--------PCU: 28402 (Δ =-4722)-----Kronos

Price History Data was taken from Eve Markets, PCU data was taken from Eve-Offline. Eve-Markets does not have a full data set for 2008, so the earliest date was used. All other data was sampled for 6-26 (today's date).


If you look at the overall history of plex prices, it stays squarely in the 300-400 Mil Range when PCU is experiencing a growing trend.

When PCU stagnates (around 30,000 give or take) the Price of Plex starts climbing by about 100 Mil per year. Local fluctuations can decrease this (as in 2013) or increase it (as in 2014), but the overall trend looks like an increase of 100 mil a year.

Quantum Rise, Apocrypha, and Inferno preceded the largest uptick in PCU. These same expansions preceded the periods of greatest price-stability in recent history. Δ =+91 Mil followed by Δ = -92 Mil [i.e. the market corrected itself] For Quantum Rise and Subsequently Apocrypha and Δ = +60 Mil following Inferno.

TL; DR:

An active and growing player base combined with successful and popular expansions seems to lead to plex price stability. Granted, this data is very, very rough around the edges so this is a tenuous conclusion at best.



My guess is supply and demand, as new and old players come/return to the fold they may buy plex from ccp/3rd party and sell to get a quick jolt of cash, the more people supplying the more it will be stable. But when players drop, some of these could be plex sellers, so less supply, and the price rises. Other factors ofc contribute, as in ccp adding new services that can use plex, thus creating more demand then supply can justifiably keep up with.


If i take this argument the other way are you saying that the amount of new subs isn't growing anymore?


not neccicarily. but it could. It could also be the part that ccp plays int he mess. CCP made services recently, sinco incarnia, that use more plex. You have the NES, ship skins, dual training, and other things. This can also push more demand into the cycle and even if the supple were to grow due to sub growth, there could be more coming otu then going in, thus the price rise. i.e bill buys a plex from ccp. whe he chekcs jita the plex numbers are low due to a new feature. so he deicdes to see if he can sell his plex for 50m more then the highest listed. if there is more demand then supply, the low ones will be bought, then bills, so bill buys more and raises the price again. Other people follow suit, and some undercut the lowest. but due to bill and other people, you now have higher prices.

Another scenario, Scroge McDuck is a day trader, sitting on billions. He decided to make an investment so buys up all the plex in jita, he then takes one and puts it up for 100m more. and now plex cost more. If you ignore ccp's manipulation which they said they did at fan fest to stop a huge bubble, supply and demand rules apply.

OMG Comet Mining idea!!! Comet Mining!

Eve For life.
Mara Rinn
Cosmic Goo Convertor
#63 - 2014-06-27 02:08:11 UTC
I'll keep paying my accounts with PLEX while PLEX prices remain over about +2% of PLEX prices.

Day 0 Advice for New Players
Ramona McCandless
Silent Vale
LinkNet
#64 - 2014-06-27 06:06:31 UTC
Marsha Mallow wrote:
Dinsdale Pirannha wrote:
I too "live in the west", but don't make value judgement calls on how people should live outside of Eve.

This tbh.


Uh, no.

Dino was disagreeing with a position I put forward which entirely agrees with yours.

Sorry hun, but to agree with Dino here is to disagree with everything you wrote after "This tbh".

"Yea, some dude came in and was normal for first couple months, so I gave him director." - Sean Dunaway

"A singular character could be hired to penetrate another corps space... using gorilla like tactics..." - Chane Morgann
LUMINOUS SPIRIT
Caldari Provisions
Caldari State
#65 - 2014-06-27 06:09:10 UTC
TigerXtrm wrote:
As someone who pays for his account the old fashion way and gets free PLEX on occasion, I can only point and laugh at all of you who spend hours grinding each month just to be able to play. Lol


more like 15minutes.

wormholes for the win.
Remiel Pollard
Aliastra
Gallente Federation
#66 - 2014-06-27 11:49:59 UTC
Hasikan Miallok wrote:
Remiel Pollard wrote:


I then gamble all the isk I make away on Somer Blink because reasons.


U no maka the profits on Somer Blink ?


Maybe I do, maybe I don't.

“Some capsuleers claim that ECM is 'dishonorable' and 'unfair'. Jam those ones first, and kill them last.” - Jirai 'Fatal' Laitanen, Pithum Nullifier Training Manual c. YC104
Kagura Nikon
Native Freshfood
Minmatar Republic
#67 - 2014-06-27 14:37:42 UTC
TharOkha wrote:
Ramona McCandless wrote:
TharOkha wrote:
TigerXtrm wrote:
As someone who pays for his account the old fashion way and gets free PLEX on occasion, I can only point and laugh at all of you who spend hours grinding each month just to be able to play. Lol


Good for you. But have you ever considered the fact that there are other parts of the world where 20-30 EUR or USD is 1/10 - 1/20 of monthly fee?


What? What do you mean?


There are countries where 600 USD is monthly salary... Those players rather grind isk than pay by RL money....



Depending how many hours takes you to make a plex, it is still worth more to pay with your pay check THEN use that free tiem to make more money in real life.

If takes you 16 hours (just a random number) to make 1 plex. And you earn 600 USD working 160 hours per month, means you earn 3.75 dollars per hour in real life. In other words takes you 5 hours workign to pay for 1 month of game subscription.


So even if you earn only 600 USD per month , it is still worth more to pay with your credit card if it takes you more htan 5 hours to make that plex.

"If brute force does not solve your problem....  then you are  surely not using enough!"
Kagura Nikon
Native Freshfood
Minmatar Republic
#68 - 2014-06-27 14:52:38 UTC
Hasikan Miallok wrote:
DaReaper wrote:
xXxXxXxXxXxX Orti wrote:
wow opened up a bag of worms here i guess. interesting points though.

Someone somewhere must be doing some sort of market research to find out I guess this comes down to CCP knowing about their customers and whether or not they know what the price of plex equates to in isk.

Anyway sorry for coming to the board and opening up what looks like to be a controversial topic


not controversial, just a dead, beaten to a bloody pulp, then beaten again till its just a red stain... then beaten again, then found a necromancey to regenerate it, and then beaten to a bloody pulp again horse.

Remember kids, search is your friend =)


Its really a vet versus noobie things.

For a vet PLEX even at a billion will generally be almost pocket money unless they continually pour ISK into PvP ships.

For a new player trying (stupidly) to PLEX in the first 3 months for whom even 100 mill is a lot of ISK it is almost unattainable unless you happen to be very good at scamming and station trading.



Why would someoen be a vet and still play eve if he is not pouring lots of isk into PVP ships?

"If brute force does not solve your problem....  then you are  surely not using enough!"
Eugene Kerner
TunDraGon
Goonswarm Federation
#69 - 2014-06-27 14:58:40 UTC
Ok, let me break it down for you.
CCP would only take measures if Plex would drop below a certain isk value because people would stop buying them for cash.

TunDraGon is recruiting! "Also, your boobs [:o] "   CCP Eterne, 2012 "When in doubt...make a diȼk joke." Robin Williams - RIP
Mr Epeen
It's All About Me
#70 - 2014-06-27 16:03:00 UTC
I don't think PLEX will stop rising as long as CCP cater to a vocal minority and keep bolstering the ISK faucets while reducing the sinks.

For the elite, PLEX is not more expensive. It still falls within the same percent of their income that it always has. The issue is with the huge number of players in which this is not the case.

What CCP needs to do is make PLEX a sink via selling only for game time and only buyable from them through the market. Like skill books. PLEX has become the ZOD rune of EVE and it's not going to be conducive to keeping new players in the game. ISK is the galactic currency, not PLEX. Or at least that is how it should be.

Mr Epeen Cool
Elmonky
Federal Navy Academy
Gallente Federation
#71 - 2014-06-27 16:20:26 UTC
This again. PLEX is PLEX. It's a commodity.. a luxury commodity. I agree with Ramona that spending money on luxuries when you have low income is not common sense... but sometimes necessary to not get depressed.

What I cannot understand is how posts with little tone can be warped to allow flaming to become rife across nearly every thread.


Where I work we are told that communication is 80% tone, 5% words and 15% body language. How some of the asshats in here manage to change that 5% is literally astounding.

I didn't once read ''POOR PEOPLE MUST NOT PLAY EVE' 'PEOPLE FROM THE ''EAST'' SHOULD NOT PLAY EVE BECAUSE OF TAX/WAGES/REASONS''

to the OP - Plex has had periods of steady increase, just like gas bills , mortgages, inflation, electricity, food. The dips you see in prices are market adjustments to volume (PLEX is technically infinite as long as people pump RL money into EVE) but the market has finite numbers. The dips NEVER drop below the earlier prices:

eg : PLEX climbs to 300 mill early 2010 from 250 late 2009. It drops to 280 mill... Space rich people hoard PLEX waiting for the next PLEX boom from CCP's next marketing scheme.

Also OP please use the search function as subjects like this occur maybe once a week since the forums existed.
Jegrey Dozer
Aliastra
Gallente Federation
#72 - 2014-06-27 22:12:51 UTC
I believe that rising PLEX prices is predominantly due to the prevalence of more efficient ISK generation techniques coupled with the permeation of the knowledge of said techniques.

This would suggest that we are seeing a boom in prices because more and more people are generating larger quantities of ISK and therefore have the ability to purchase PLEX from the market.

This would also suggest that there are two outcomes. One would be that PLEX prices will smoothly level out and stay, for the most part, very stagnant in regard to price fluctuation. The second would be that PLEX prices will go further than demand would be willing to pay for, which would ultimately result in a PLEX pricing crash until it rebalances itself. I would put my money on the first outcome over the latter.

Or maybe I am entirely wrong. This is just what I believe is an explanation for the current situation.
Tyberius Franklin
Federal Navy Academy
Gallente Federation
#73 - 2014-06-27 22:30:57 UTC
Kagura Nikon wrote:
Why would someoen be a vet and still play eve if he is not pouring lots of isk into PVP ships?
Because there are things for vets to do other than sink isk into PvP ships.
voetius
Grundrisse
#74 - 2014-06-27 22:52:03 UTC
Tyberius Franklin wrote:
Kagura Nikon wrote:
Why would someoen be a vet and still play eve if he is not pouring lots of isk into PVP ships?
Because there are things for vets to do other than sink isk into PvP ships.


But most of those "things" lead directly or indirectly to more isk and there isn't really much point in having a crapton of isk for no reason.
Tyberius Franklin
Federal Navy Academy
Gallente Federation
#75 - 2014-06-27 22:58:44 UTC
voetius wrote:
Tyberius Franklin wrote:
Kagura Nikon wrote:
Why would someoen be a vet and still play eve if he is not pouring lots of isk into PVP ships?
Because there are things for vets to do other than sink isk into PvP ships.
But most of those "things" lead directly or indirectly to more isk and there isn't really much point in having a crapton of isk for no reason.
That's true, but irrelevant. Nothing says you should try to 0 out your wallet on PvP. Grinding isk would be unwise, but if what you enjoy yields more isk than it takes then so be it.
Nicolai Serkanner
Incredible.
Brave Collective
#76 - 2014-06-27 23:07:18 UTC
Dinsdale Pirannha wrote:
CCP should be on its hands and knees kissing the feet of people ... spend increasingly large amounts of time grinding in-game to maintain said hobby.


Why should CCP be grateful people grind their monthly account? There is no profit there for CCP.
Tyberius Franklin
Federal Navy Academy
Gallente Federation
#77 - 2014-06-27 23:13:19 UTC
Nicolai Serkanner wrote:
Dinsdale Pirannha wrote:
CCP should be on its hands and knees kissing the feet of people ... spend increasingly large amounts of time grinding in-game to maintain said hobby.
Why should CCP be grateful people grind their monthly account? There is no profit there for CCP.
There isn't any reason for CCP to grovel, after all they are entirely responsible for the system that makes the exchange possible, but considering plex costs more than a sub you can bet that it's contributing to CCP's profit.
Nicolai Serkanner
Incredible.
Brave Collective
#78 - 2014-06-27 23:15:29 UTC
Ralph King-Griffin wrote:
Chandaris wrote:
inflation only moves in one direction.

really?



Yes. The opposite of inflation is called deflation. Just like up and down or left and right.
Nicolai Serkanner
Incredible.
Brave Collective
#79 - 2014-06-27 23:26:44 UTC
Tyberius Franklin wrote:
Nicolai Serkanner wrote:
Dinsdale Pirannha wrote:
CCP should be on its hands and knees kissing the feet of people ... spend increasingly large amounts of time grinding in-game to maintain said hobby.
Why should CCP be grateful people grind their monthly account? There is no profit there for CCP.
There isn't any reason for CCP to grovel, after all they are entirely responsible for the system that makes the exchange possible, but considering plex costs more than a sub you can bet that it's contributing to CCP's profit.


Yes, but not in grinding plex. Those are already paid for.
Tyberius Franklin
Federal Navy Academy
Gallente Federation
#80 - 2014-06-27 23:32:12 UTC  |  Edited by: Tyberius Franklin
Nicolai Serkanner wrote:
Tyberius Franklin wrote:
Nicolai Serkanner wrote:
Dinsdale Pirannha wrote:
CCP should be on its hands and knees kissing the feet of people ... spend increasingly large amounts of time grinding in-game to maintain said hobby.
Why should CCP be grateful people grind their monthly account? There is no profit there for CCP.
There isn't any reason for CCP to grovel, after all they are entirely responsible for the system that makes the exchange possible, but considering plex costs more than a sub you can bet that it's contributing to CCP's profit.


Yes, but not in grinding plex. Those are already paid for.
It's the "grinding" or rather the resulting isk that provides the incentive for the plex purchase from CCP. It's not directly putting money into CCP's accounts, but people making isk keeps the system working and as such can be considered inextricably linked to the point of not mattering that it's technically not where the real cash is traded.

Semantics I guess.