Market Discussions

I'm not an econ major, would like to hear some thoughts on people who know more about this kinda stuff?

What's the main factors, you think?

Just tossing out what I think is doing it, which is probably wrong:

• Eve-Bet + world cup isk gamblin' WOO!


• New store buy options (acccording to friends)


• EVE Vegas

Supply and demand!

I heard Goons are holding their own “special” Olympics…. The prizes are in plex.
I guess there are a LOT of “special snowflakes”…. Would certainly explain the LARGE demand.

Lelz

Purposeful and direct speculation on all fronts so that certain groups can take their white collar pay checks and finance the crap out of....whatever.

There is no isk in trading it.
Grinding plex is becoming unreasonable even for the most hardnosed
it represents 20USD fixed....its the other end thats moving....in one direction mind you.
Its cheaper to pay cash...especially over the long term
....and yet it keeps going up.

So the way I see it the only people who are benefiting are people who buy plex for isk. People who have the money to blow and the operations feed that isk into. I don't think the isk is piling up somewhere...its being used/blown up.

I stopped messing with it at all back when it was under 500m. Not sure what you guys are thinking.

Demographic trends and concerns
Seasonal variations
ISK Depreciation
Real life economic issues?
Speculation / Market manipulation (everyone has more ISK to spend - including bored-to-death station traders)

Power of 2 consumes a shitton of plex ahead of time. I used about 800 plex on my next batch of po2s which won't require any more plexing for 6-8 months.

Not quite true. Real world prices are on the move upwards, above and beyond the numbers reported by governments and central banks. In fact they are attempting to raise the specter of the deflation boogey man as an excuse to print more money and expand even more credit.

While at the same time, wages have hardly moved for the majority. I would suggest that the supply of money for trivial things has decreased, and let's face it, Eve is trivial compared to eating and paying the mortgage.

CCP intervened only once: April 2014.

We will wait for a long time for "bubble to burst"... As CCP Dr.EyjoG said : http://www.youtube.com/watch?feature=player_detailpage&v=w2hsqEvPGWQ#t=1294

Thanks, I was thinking something like that but i wasn't able to express it in english, cause it's not my native language.

By the way, have we some real life statistics about the number of PLEX being sold (for $ or €) by CCP?

The price stabilized this afternoon, something around 775m (sell orders). It may be a support price. Next time it raises, it could be wise to sell at 790mil. Just saying...

They've admitted to releasing PLEX that were on banned accounts, which would have otherwise hit the market at some point or been used, but I see no reason to assume CCP would poof them into existence. That's essentially comping someone's monthly sub fee.



So what? If you aren't able to pay CCP or have someone else pay CCP in your stead, they're not gaining anything by simply handing you free game time in the form of seeding PLEX themselves.



I don't think isbox is the issue, just a symptom. Neither is renting, which is merely an arrangement between bears and pvp'ers to utilize space that they both want to enjoy. The issue at hand is merely multi-account usership and plex faucets in general. More and more players over the years have discovered two things about EVE:

1. If not absolutely vital for your niche in the game, it's highly preferable that you have more than one account, and many professions scale extremely well with account numbers with or without the aid of isbox. This brings plays who have a short-term windfall of isk + a power of two deal or some other promotion to cash in immediately on more accounts. Only much later when many more players do this is the aggregate effect being felt.

2. ISK faucets are plentiful and easy to tap into. Mission farming, anom ratting, and other isk faucets are staples of pve content and they continuously flood the market with new isk. What's more, even ship destruction itself generates more isk by way of the insurance system. So unless a pilot is dumb enough to buy an insurance plan and let it expire, even if they purchase no insurance at all, the demise of their ship is yet-another isk faucet. Minerals and modules are destroyed, but the supply of isk in the game economy goes up, therefor prices in general rise.

So what we're dealing with here isn't a mere speculative bubble, although i'm sure speculation is feeding into the loop at this point. What we're seeing is the culmination of years upon years of making multiclienting the norm, the popular culture of the "I plex all my accounts so I play for free," meme, and the onerous effects of universal inflation due to unchecked isk faucets.

Given that we're seeing this much of a price hike now, in the summer, when traditionally prices would be lower due to decreased activity; I think it's safe to say that come fall we're either going to see billion isk plex or a fundamental change in how a lot of the more casual multi-client users play the game. They will either have to adapt to a more farming-intensive lifestyle or they will need to cut back on the number of accounts they support. Considering the latter could be a serious competitive disadvantage, I think many players will try to ride out the storm on their savings first, meaning that we'll see critical mass only when those stores of isk have been significantly dented.