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Plex Prices

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Author
Vincent Athena
Photosynth
#321 - 2015-03-03 03:20:05 UTC
Alexi Stokov wrote:
The only way to stop PLEX speculation is to peg it to a specific isk value, say 500 million isk. No matter what region you are in PLEX is the same value on the market

People would just not use the market. They would trade via contracts, or directly by trading with each other in a station, or via a third party.

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Vaerah Vahrokha
Vahrokh Consulting
#322 - 2015-03-03 22:55:00 UTC
erg cz wrote:
PLEX speculators do not create any usefull game content but rather abuse feature, that was intended solely for quick ISK injection / possibility to play for free. So there will be no surprise if CCP decides to get rid of those via PLEX conversion quota? PLEX speculators rage quite, game economy stabilize, CCP will get 20 euro for one replaced megatrone navy issue instead of 10 as it was around new year.


How curious seeing people deciding in a sandbox game what's useful, what's "intended solely for" and so on.

I have read long threads with dumbs declaring miners useless, others declaring L4 missioneers a "cancer for EvE economy" and much more.

EvE is bigger than this. In EvE people create content, even content you find useless. In EvE unconsensual gameplay is not only allowed, but encouraged. PLEX speculators create content you don't like... feel free to stay out of it!
Vaerah Vahrokha
Vahrokh Consulting
#323 - 2015-03-03 22:56:55 UTC
Alexi Stokov wrote:
The only way to stop PLEX speculation is to peg it to a specific isk value, say 500 million isk. No matter what region you are in PLEX is the same value on the market


We have enough economy rigging in RL.

Let's allow a true, capitalistic economy exist, at least in a fictional game, shall we?
Alexi Stokov
State War Academy
Caldari State
#324 - 2015-03-04 00:14:01 UTC  |  Edited by: Alexi Stokov
Vaerah Vahrokha wrote:
Alexi Stokov wrote:
The only way to stop PLEX speculation is to peg it to a specific isk value, say 500 million isk. No matter what region you are in PLEX is the same value on the market


We have enough economy rigging in RL.

Let's allow a true, capitalistic economy exist, at least in a fictional game, shall we?



The claim was made that CCP was looking at ending it and changing buying PLEX directly with AUR. I was stating that I do not* understand how they expect to eliminate speculation without a forced market price peg.
Market McSelling Alt
Doomheim
#325 - 2015-03-04 00:38:41 UTC
Alexi Stokov wrote:
Vaerah Vahrokha wrote:
Alexi Stokov wrote:
The only way to stop PLEX speculation is to peg it to a specific isk value, say 500 million isk. No matter what region you are in PLEX is the same value on the market


We have enough economy rigging in RL.

Let's allow a true, capitalistic economy exist, at least in a fictional game, shall we?



The claim was made that CCP was looking at ending it and changing buying PLEX directly with AUR. I was stating that I do not* understand how they expect to eliminate speculation without a forced market price peg.



Plex has many uses right now. One of which is the direct storage of Isk. Anyone can store plex and play trading games and the worst they have to risk in their mind is less isk, or using it for a month's game time.

Take plex off the in game market and the station games end. Make plex's only use directly applying game time. Now plex can only be converted to AUR, which can then be used for various things. This provides a buffer to Plex, but also makes it far more risky to horde Plex because getting stuck with a lot of AUR would not have the same benefits of being stuck with a bunch of Isk.

CCP Quant: Of all those who logon in Eve, 1.5% do Incursions, 13.8% PVP and 19.2% run Missions while 22.4% mine.

40.7% Join a fleet. The idea that Eve is a PVP game is false, the social fabric is in Missions and Mining.

Vaerah Vahrokha
Vahrokh Consulting
#326 - 2015-03-04 09:15:46 UTC
Market McSelling Alt wrote:


Take plex off the in game market and the station games end. Make plex's only use directly applying game time. Now plex can only be converted to AUR, which can then be used for various things. This provides a buffer to Plex, but also makes it far more risky to horde Plex because getting stuck with a lot of AUR would not have the same benefits of being stuck with a bunch of Isk.


I hope CCP won't do this thing because it'd be a terrible move that could have vast negative effects on the whole EvE economy.

PLEX does 4 fundamental things:

- Provides a muitiple pronged attack vehicle against RMTers.

- Greatly helps at preserving the only defense that a 12 year old MMO has against its economy implosion: wallets segregation.

- Acts as "liquidity sponge" that preserves the other markets against a massive flood of ISK that would make them unpracticable, and perma-manipulated against new players.

- Gives a players niche an "end game" where to PvP, PLEXes are capital ISK ships.


This has become even more relevant after CCP nerfed Technetium, the former "end game flag ship".
erg cz
Federal Jegerouns
#327 - 2015-03-04 11:40:12 UTC
There is 12 sell orders in Jita with price under 800 milions atm. And median price keep falling even quicker. PLEX price is droping, several months in a raw already, despite all smart talks about "economy implosion". Simply because PLEX is bound to real money. It is not some virtual pixel item, it is a bit more, than part of Eve economy. CCP loses money on high PLEX price and they want their money back.
Vaerah Vahrokha
Vahrokh Consulting
#328 - 2015-03-04 16:34:59 UTC
erg cz wrote:
There is 12 sell orders in Jita with price under 800 milions atm. And median price keep falling even quicker. PLEX price is droping, several months in a raw already, despite all smart talks about "economy implosion". Simply because PLEX is bound to real money. It is not some virtual pixel item, it is a bit more, than part of Eve economy. CCP loses money on high PLEX price and they want their money back.


You don't seem to have an idea about what "economy implosion" is.
Alexi Stokov
State War Academy
Caldari State
#329 - 2015-03-04 17:20:43 UTC
erg cz wrote:
There is 12 sell orders in Jita with price under 800 milions atm. And median price keep falling even quicker. PLEX price is droping, several months in a raw already, despite all smart talks about "economy implosion". Simply because PLEX is bound to real money. It is not some virtual pixel item, it is a bit more, than part of Eve economy. CCP loses money on high PLEX price and they want their money back.



How much is CCP losing? I'd guess that your argument is that because PLEX nets you ~800 m isk that people are buying less because the PLEX is getting them more than when PLEX bought 500 m isk. I would argue that because PLEX gets more isk, it incentivized people to buy it with real money because it gives them more isk. Unless the $ price for PLEX has changed, the real world money is now buying more. The question would then be at what level is there "equilibrium"?
Vaerah Vahrokha
Vahrokh Consulting
#330 - 2015-03-05 08:11:52 UTC
Alexi Stokov wrote:
The question would then be at what level is there "equilibrium"?


That's a process called: "price discovery". Markets equilibrium is ever changing, current equilibrium is called: "price".
Hellois Dawn
The Outlet
#331 - 2015-03-05 11:12:50 UTC
I bought my first plex for 319 million isk and i know people who bought 90 days for 180 million
Market McSelling Alt
Doomheim
#332 - 2015-03-05 12:09:46 UTC
Alexi Stokov wrote:
erg cz wrote:
There is 12 sell orders in Jita with price under 800 milions atm. And median price keep falling even quicker. PLEX price is droping, several months in a raw already, despite all smart talks about "economy implosion". Simply because PLEX is bound to real money. It is not some virtual pixel item, it is a bit more, than part of Eve economy. CCP loses money on high PLEX price and they want their money back.



How much is CCP losing? I'd guess that your argument is that because PLEX nets you ~800 m isk that people are buying less because the PLEX is getting them more than when PLEX bought 500 m isk. I would argue that because PLEX gets more isk, it incentivized people to buy it with real money because it gives them more isk. Unless the $ price for PLEX has changed, the real world money is now buying more. The question would then be at what level is there "equilibrium"?



I would argue that PLEX bought does not = profit for CCP until it is utilized. Remember they are a Corporation that has to follow accounting standards and practices.

When PLEX is high, people unsub alts, it is that simple. The need for isk exists whether PLEX is high or not, people who buy isk are going to do it anyways. The real pressure on PLEX is number of accounts using it and number of stored or "invested" Plex.

If you get rid of Plex-Isk direct storage, the price drops, then more accounts re-sub, then CCP gets more money.

CCP Quant: Of all those who logon in Eve, 1.5% do Incursions, 13.8% PVP and 19.2% run Missions while 22.4% mine.

40.7% Join a fleet. The idea that Eve is a PVP game is false, the social fabric is in Missions and Mining.

hey friends
Pator Tech School
Minmatar Republic
#333 - 2015-03-05 13:29:19 UTC
[/quote]


I would argue that PLEX bought does not = profit for CCP until it is utilized. Remember they are a Corporation that has to follow accounting standards and practices.

[/quote]

not sure if youre trolling or what

but by that logic lets say i sell sodapop irl
you buy one but i dont profit until you open it and drink it
Myriad Blaze
Common Sense Ltd
Nulli Secunda
#334 - 2015-03-05 14:00:04 UTC
Market McSelling Alt wrote:
When PLEX is high, people unsub alts, it is that simple.

Market McSelling Alt wrote:
If you get rid of Plex-Isk direct storage, the price drops, then more accounts re-sub, then CCP gets more money.

So your claim is, that people will unsub alts, if they can't afford to buy game time with ISK and will re-sub, when PLEX prices are low enough that their ISK is enough to buy them game-time again. Roger that.

But what I don't understand is, how you believe that CCP's (real life) cashflow is affected by people who can't be arsed to give (real life) money to CCP anyway.

CCP gets cash from people who are willing to give real currency money to CCP and buy PLEX. And probably most of the PLEX bought from CCP with real life money are sold to other players for ISK via the ingame markets. Prices are solely driven by demand and supply. People who will unsub because of high PLEX prices will lower demand a bit, which has the potential to lower prices a bit. But that's it. CCP will neither get more or less money because of that.
Market McSelling Alt
Doomheim
#335 - 2015-03-05 15:15:21 UTC
Myriad Blaze wrote:
Market McSelling Alt wrote:
When PLEX is high, people unsub alts, it is that simple.

Market McSelling Alt wrote:
If you get rid of Plex-Isk direct storage, the price drops, then more accounts re-sub, then CCP gets more money.

So your claim is, that people will unsub alts, if they can't afford to buy game time with ISK and will re-sub, when PLEX prices are low enough that their ISK is enough to buy them game-time again. Roger that.

But what I don't understand is, how you believe that CCP's (real life) cashflow is affected by people who can't be arsed to give (real life) money to CCP anyway.

CCP gets cash from people who are willing to give real currency money to CCP and buy PLEX. And probably most of the PLEX bought from CCP with real life money are sold to other players for ISK via the ingame markets. Prices are solely driven by demand and supply. People who will unsub because of high PLEX prices will lower demand a bit, which has the potential to lower prices a bit. But that's it. CCP will neither get more or less money because of that.



Because the volume of PLEX rarely moves much. The same amount is being bought from CCP and put on the market every day. The real change has been price. Sure there have been some spikes and dips, but the real kicker is the price has increased over time with little change in volume.

So the only real change is when PLEX = High, investors unload stock (AKA CCP not involved)
When price = Low, investors stock up (same amount bought from CCP, but liability increases as game time owed)

CCP has pretty steady sales of Plex, their income however fluctuates based on how many are used. They already stated year over year that stockpiles of PLEX are alarming, and concerning. Their move off the market means the Liability of Plex is not the hedge fund of players, instead we stock AUR which CCP doesn't have to show on their books as game time owed.

CCP Quant: Of all those who logon in Eve, 1.5% do Incursions, 13.8% PVP and 19.2% run Missions while 22.4% mine.

40.7% Join a fleet. The idea that Eve is a PVP game is false, the social fabric is in Missions and Mining.

Market McSelling Alt
Doomheim
#336 - 2015-03-05 15:16:50 UTC
hey friends wrote:
Quote:



I would argue that PLEX bought does not = profit for CCP until it is utilized. Remember they are a Corporation that has to follow accounting standards and practices.



not sure if youre trolling or what

but by that logic lets say i sell sodapop irl
you buy one but i dont profit until you open it and drink it



You are bad at accounting. When I buy a sodapop you have fulfilled your obligation. Think of PLEX like a giftcard or a prepaid credit card... now apply your wrong logic.

CCP Quant: Of all those who logon in Eve, 1.5% do Incursions, 13.8% PVP and 19.2% run Missions while 22.4% mine.

40.7% Join a fleet. The idea that Eve is a PVP game is false, the social fabric is in Missions and Mining.

Koniforous
Tauren Transit
#337 - 2015-03-05 18:19:03 UTC  |  Edited by: Koniforous
Market McSelling Alt wrote:
hey friends wrote:
Quote:



I would argue that PLEX bought does not = profit for CCP until it is utilized. Remember they are a Corporation that has to follow accounting standards and practices.



not sure if youre trolling or what

but by that logic lets say i sell sodapop irl
you buy one but i dont profit until you open it and drink it



You are bad at accounting. When I buy a sodapop you have fulfilled your obligation. Think of PLEX like a giftcard or a prepaid credit card... now apply your wrong logic.

This is exactly why I support the selling of skill remaps for plex. Anything that destroys a plex without redeeming game time is the same as ccp lending money to someone and then that someone says its ok nevermind you can just keep the money, and that will be good for ccp, and more money in their wallet means more development And improvements on eve.
hey friends
Pator Tech School
Minmatar Republic
#338 - 2015-03-05 19:02:21 UTC
oh my to quote george takei

once someone buys a plex with cash from ccp/vendor ccp has the money end of story

they could care less if you blow it up ,wipe your tears with it or use it for game time

Myriad Blaze
Common Sense Ltd
Nulli Secunda
#339 - 2015-03-05 19:42:36 UTC
Market McSelling Alt wrote:
CCP has pretty steady sales of Plex, their income however fluctuates based on how many are used. They already stated year over year that stockpiles of PLEX are alarming, and concerning. Their move off the market means the Liability of Plex is not the hedge fund of players, instead we stock AUR which CCP doesn't have to show on their books as game time owed.

Ok, I see where you're coming from. However, I think you don't consider some aspects that I would deem important.

What you describe is only an accounting problem. You could also say it's purely cosmetic. CCP already has the money and will keep it. There is no way players can give their PLEX back to CCP and force them to pay real money for it.

Furthermore people with stockpiles of PLEX might stop playing without touching their PLEX. Or they might get banned and get their PLEX confiscated by CCP (I think it's not unreasonable to believe that CCP confiscated a significant number of PLEX when they banned Somer). In these cases it's money for nothing for CCP. They get money but never have to provide any services. And if at one day in the (hopefully) far future CCP decides to shut EVE down, all the stockpiled PLEX will be worthless (more money for nothing for CCP).
Market McSelling Alt
Doomheim
#340 - 2015-03-05 21:09:46 UTC
hey friends wrote:
oh my to quote george takei

once someone buys a plex with cash from ccp/vendor ccp has the money end of story

they could care less if you blow it up ,wipe your tears with it or use it for game time




Too bad they live in the real world and there is a difference between cash accounting and accrual accounting... and CCP is in Iceland so they can't follow the Enron form of accounting.

Just stop and let the big boys talk this one out. Shocked

CCP Quant: Of all those who logon in Eve, 1.5% do Incursions, 13.8% PVP and 19.2% run Missions while 22.4% mine.

40.7% Join a fleet. The idea that Eve is a PVP game is false, the social fabric is in Missions and Mining.