These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

EVE General Discussion

 
  • Topic is locked indefinitely.
 

Plex prices

First post
Author
Nicolai Serkanner
Incredible.
Brave Collective
#81 - 2014-06-27 23:45:41 UTC
Tyberius Franklin wrote:
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.


I agree with semantics. Blink
polly papercut
Royal Amarr Institute
Amarr Empire
#82 - 2014-06-28 01:31:07 UTC
Prince Kobol wrote:
I cant wait until Plex prices hit a billion.. the tears will be stunning

Yup all the tears from all the people complaining that there is hardly any players left to pvp.
Followed by all the complaints about how null sec and low sec are dead and empty will be so great.

See for me I will just have more time to work on rl things than computer things. So I will not be here to see all the tears but you can bet your ass they will not come from the people quitting.
Alavaria Fera
GoonWaffe
#83 - 2014-06-28 02:56:24 UTC
EvE Online: Grinding

Wonderful.

Triggered by: Wars of Sovless Agression, Bending the Knee, Twisting the Knife, Eating Sov Wheaties, Bombless Bombers, Fizzlesov, Interceptor Fleets, Running Away, GhostTime Vuln, Renters, Bombs, Bubbles ?

Rhiannon Marius
Marius Family Enterprises Unlimited
#84 - 2014-06-28 03:07:54 UTC
Why are there so many repeat subjects in GD? Ugh Have not plex prices come up enough?
Hasikan Miallok
Republic University
Minmatar Republic
#85 - 2014-06-28 06:39:27 UTC
Rhiannon Marius wrote:
Why are there so many repeat subjects in GD? Ugh Have not plex prices come up enough?



+1 for spotting that most PLEX complaints are actually PLEX stockpilers alts trying to pump prices up.
Ellon JTC
Quadralien
#86 - 2014-06-28 06:47:34 UTC
xXxXxXxXxXxX Orti wrote:
Is the price of plex expected to get even higher?

I keep hearing that at some point CCP will step in but how does that work?


thats the way it looks ;)
Dave Stark
#87 - 2014-06-28 07:59:35 UTC
polly papercut wrote:
Prince Kobol wrote:
I cant wait until Plex prices hit a billion.. the tears will be stunning

Yup all the tears from all the people complaining that there is hardly any players left to pvp.
Followed by all the complaints about how null sec and low sec are dead and empty will be so great.

See for me I will just have more time to work on rl things than computer things. So I will not be here to see all the tears but you can bet your ass they will not come from the people quitting.


i sincerely doubt people will quit if plex prices reach 1bn isk.
Mara Rinn
Cosmic Goo Convertor
#88 - 2014-06-28 08:17:22 UTC
Here is why PLEX prices are rising: you have people like me who buy and sell PLEX as an investment. I buy them low, sell them high.

Here is how to stop the price of PLEX rising, it's a two-pronged strategy:

  1. Don't sell your PLEX to buy orders
  2. Don't buy PLEX from sell orders


There is also a third strategy which doesn't address the issue of the PLEX you buy being expensive: buy PLEX for real money, to sell in-game for ISK. At some point you have to acknowledge that you are spending far too much time each month grinding ISK to buy that PLEX. A long time ago, I could run missions flat-chat for one weekend a month (or three nights a month) to earn the ISK needed to pay my account subscriptions (back in the day, 90 days of game time was about 180M ISK or so from memory). Eventually it got to the point where I was "playing" the game for an hour or two every night just to break even.

So take a break from the hand-to-mouth lifestyle, pay the subscription fees for a year, and set out to establish a PLEX fund of your own. If you convert your capital to PLEX and then trade PLEX, it doesn't matter whether PLEX prices rise or fall, all you care about is the difference between the price you can sell your PLEX for now, and the price you can buy a new one. The surplus in that transaction remains as ISK until you have enough ISK to buy another PLEX.

If CCP wanted to curb the use of PLEX as an investment currency they could (for example) implement a new tax that is specific to PLEX, equivalent to the 0.01% taxes suggested for stock markets in order to curb the insanity of high frequency trading. Since any decently prepared trader can flip PLEX at a profit on margins of around 1%, a PLEX-specific tax would have to be in the order of low single-digit percentages.

Another option for discouraging (or "dis-incentivising") PLEX trading would be for CCP to implement a "holding period" where a PLEX doesn't become available to the buy-order bidder for several days after it is bought. Though one might, for example, be able to redeem a PLEX while it is still in NPC escrow (but you won't be able to reverse-redeem the PLEX until it is delivered to your hangar).

But that is just stream-of-conscioussness blathering. CCP obviously doesn't believe there is a problem with PLEX prices.
polly papercut
Royal Amarr Institute
Amarr Empire
#89 - 2014-06-28 08:43:30 UTC  |  Edited by: polly papercut
Dave Stark wrote:


i sincerely doubt people will quit if plex prices reach 1bn isk.


People already have over the current prices I started a poll that did not last for more than an hour but even with the small sample group you can see how many accounts have been canceled due to current plex prices.

http://poll.pollcode.com/65338942_result?v

And you think that if they go up even more that even more people will not cancel accounts or out right quit the game?
You have to think out side of your personal love for EVE man. Not everyone will do what ever it takes to continue playing. There are lots of people out there who would just assume quit than have to grind all day to plex accounts.

Will the game die? No . Will it take a noticeable hit in active subs? It already has and you can bet your ass it will get worse if plex hits 1b

Want to take the poll ? http://vote.pollcode.com/65338942
Mara Rinn
Cosmic Goo Convertor
#90 - 2014-06-28 08:52:15 UTC
The error margin (about 25%) on a sample size of 15 is almost bigger than the sample set ;)
Eugene Kerner
TunDraGon
Goonswarm Federation
#91 - 2014-06-28 09:08:00 UTC  |  Edited by: Eugene Kerner
polly papercut wrote:
Dave Stark wrote:


i sincerely doubt people will quit if plex prices reach 1bn isk.


People already have over the current prices I started a poll that did not last for more than an hour but even with the small sample group you can see how many accounts have been canceled due to current plex prices.

http://poll.pollcode.com/65338942_result?v

And you think that if they go up even more that even more people will not cancel accounts or out right quit the game?
You have to think out side of your personal love for EVE man. Not everyone will do what ever it takes to continue playing. There are lots of people out there who would just assume quit than have to grind all day to plex accounts.

Will the game die? No . Will it take a noticeable hit in active subs? It already has and you can bet your ass it will get worse if plex hits 1b

Want to take the poll ? http://vote.pollcode.com/65338942

Did all your alts sign?
Seriously, there was not even a possibility to vote against the outcome you would favor.
Its supply Vs. demand and a lot of people see to it that the supply is kept low.
CCP helps this efforts by programms like "Power of two".
If you are Not able to sustain your accounts with sub. fee then you should consider the fact that should worry about other things than online Computer games.
Eve is not for free. Deal with it.

TunDraGon is recruiting! "Also, your boobs [:o] "   CCP Eterne, 2012 "When in doubt...make a diȼk joke." Robin Williams - RIP

Plug in Baby
Family Tipes
#92 - 2014-06-28 09:08:32 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


You assume that 700m / month isn't a trivial amount to many people.

That assumption is incorrect.

This is not a forum alt, this is a forum main.

Eugene Kerner
TunDraGon
Goonswarm Federation
#93 - 2014-06-28 09:09:36 UTC
Mara Rinn wrote:
The error margin (about 25%) on a sample size of 15 is almost bigger than the sample set ;)

<3

TunDraGon is recruiting! "Also, your boobs [:o] "   CCP Eterne, 2012 "When in doubt...make a diȼk joke." Robin Williams - RIP

polly papercut
Royal Amarr Institute
Amarr Empire
#94 - 2014-06-28 09:11:26 UTC
Mara Rinn wrote:
The error margin (about 25%) on a sample size of 15 is almost bigger than the sample set ;)

except this was not asking if you would cancel this is asking if you did cancel.

So seeing as we have 33 cancels over the plex you could safely assume that the real number is much much larger. And you could also safely assume that number will continue to increase the closer plex gets to 1B.

Small sample size 33 canceled accounts, Pretty scary to think what the real numbers are. Remember for every account canceled that is $20 USD out of ccp bank and for everyone who converts from plex to monthly is $5 USD.

It is never a good thing for a company to show loses CCP did not lay off devs because they are rolling in the money. They are losing money some where and a lot of it. Hence the over 100+ lay offs. And who did not see this coming? How many CCP's left for other companies? It helps noone to sit and calm everything is fine. Every dollar out of CCPs bank has a negative effect.

And seeing that CCP being a smaller company I would assume they depend on investor funding I could be wrong here but if that is the case it is only a matter of time before CCP needs to do something to start making money again.
I mean after all you can only lay off so many people once you are at a skeleton crew then where do you make up for the losses?

I would love to see CCP P&L reports over the last 3 years.
polly papercut
Royal Amarr Institute
Amarr Empire
#95 - 2014-06-28 09:14:51 UTC
Eugene Kerner wrote:

Did all your alts sign?


I stopped reading right here.

This poll is not tied to EVE in any way so I could have 100 alts in EVE and it would not mean I could use them all to vote.
Plug in Baby
Family Tipes
#96 - 2014-06-28 09:18:24 UTC  |  Edited by: Plug in Baby
Remiel Pollard wrote:
I'm one of those people that buys PLEX from CCP and sells it in-game, and manipulates the market whenever possible to keep prices high so I can make a lot of isk..


So let me get this straight, you are introducing PLEX to the game and somehow you have convinced yourself that you are increasing PLEX prices.

These forums never fail to deliver.

Edit - Actually after a reread I think I have been trolled 8/10.

This is not a forum alt, this is a forum main.

Remiel Pollard
Aliastra
Gallente Federation
#97 - 2014-06-28 09:36:18 UTC  |  Edited by: Remiel Pollard
Plug in Baby wrote:
Remiel Pollard wrote:
I'm one of those people that buys PLEX from CCP and sells it in-game, and manipulates the market whenever possible to keep prices high so I can make a lot of isk..


So let me get this straight, you are introducing PLEX to the game and you somehow you have convinced yourself that you are increasing PLEX prices.

These forums never fail to deliver.

Edit - Actually after a reread I think I have been trolled 8/10.


No, you haven't been trolled and no, that's not how you increase PLEX prices. What I'm doing is for me to know, and you to take silly stabs in the dark at. Of course, if you do figure it out, and I'm sure I'm not the only one who does it, it'll be like a private little 'Eureka!' moment for you but then, you'll need a few bil in capital to get started. Actually... a 'few' bil is an understatement.

EDIT: it's also incredibly high risk, especially when you start using buy orders to manipulate instant sale prices.

“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

Remiel Pollard
Aliastra
Gallente Federation
#98 - 2014-06-28 09:52:26 UTC
polly papercut wrote:
Mara Rinn wrote:
The error margin (about 25%) on a sample size of 15 is almost bigger than the sample set ;)

except this was not asking if you would cancel this is asking if you did cancel.

So seeing as we have 33 cancels over the plex you could safely assume that the real number is much much larger. And you could also safely assume that number will continue to increase the closer plex gets to 1B.

Small sample size 33 canceled accounts, Pretty scary to think what the real numbers are. Remember for every account canceled that is $20 USD out of ccp bank and for everyone who converts from plex to monthly is $5 USD.

It is never a good thing for a company to show loses CCP did not lay off devs because they are rolling in the money. They are losing money some where and a lot of it. Hence the over 100+ lay offs. And who did not see this coming? How many CCP's left for other companies? It helps noone to sit and calm everything is fine. Every dollar out of CCPs bank has a negative effect.

And seeing that CCP being a smaller company I would assume they depend on investor funding I could be wrong here but if that is the case it is only a matter of time before CCP needs to do something to start making money again.
I mean after all you can only lay off so many people once you are at a skeleton crew then where do you make up for the losses?

I would love to see CCP P&L reports over the last 3 years.


No, the sample size is pathetic. I'll be more interested in the results if it hits 1000 minimum, and that's being generous.

“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

Eugene Kerner
TunDraGon
Goonswarm Federation
#99 - 2014-06-28 10:03:02 UTC
polly papercut wrote:
Eugene Kerner wrote:

Did all your alts sign?


I stopped reading right here.

This poll is not tied to EVE in any way so I could have 100 alts in EVE and it would not mean I could use them all to vote.


Then you missed the best part.
All these plex rants seem to come from about the same group of people. It reads like a presentation in the debate club. Do you guys pat easch other at the back when you put a thread online thats so low in content that they could serve as a homeopathic dilution?
Once the bubble bursts there will be enough time to rant endlessly.

TunDraGon is recruiting! "Also, your boobs [:o] "   CCP Eterne, 2012 "When in doubt...make a diȼk joke." Robin Williams - RIP

Saisin
Chao3's Rogue Operatives Corp
#100 - 2014-06-28 21:35:46 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

For some, half an hour everyday or so, and three or four hours a week one plex makes ...Lol

Vote Borat Guereen for CSM XII

Check out the Minarchist Space Project