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Plex Prices

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Author
Angelica Everstar
#441 - 2015-05-04 20:47:38 UTC
To my knowledge sale is over tmr.
Might see another on the final days of the PLEX4GOOD

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Lil Bo Peep
Insight Securities
#442 - 2015-05-06 13:06:11 UTC
Xanato Kaso wrote:

I enjoy mining. 6 of my toons are dedicated towards mining and this one is towards combat. but I have to spend a lot of time mining just to pay for PLEXES when i could be using those minerals for my industry goals. all due to the super inflated price of PLEX.


I used to run a 6 ship mining fleet, I enjoyed it too. Then PLEX got expensive and it sucked and I was tired of feeling obligated to mine MORE, and EVERY DAY to maintain my accounts. Then I realized that after subtracting my PLEX cost, dual boxing missions netted me more ISK/Hr than sextuple-boxing miners so I sold my miners. Then I realized that 45 minutes at my RL job nets a month worth of game time for 1 account. Now I pay with a CC and explore the other things EVE has to offer, I play whenever I want, and I don't care about PLEX prices. YMMV, but the takeaway is that missioning is (can easily be, if you do it right) more profitable and I also found it to be similarly relaxing and enjoyable. It's ultimately less stressful as well, as I have fewer accounts to worry about.
Ria Nieyli
Amok.
Goonswarm Federation
#443 - 2015-05-06 13:45:10 UTC
Koniforous wrote:
Is the sale over? If prices continue to rise I'd expect the sale to continue, or a new one to be announced soon....


I'm just wondering at which point will CCP **** a brick and try to depress the prices longterm.
Lucas Kell
Solitude Trading
#444 - 2015-05-06 14:42:26 UTC
Ria Nieyli wrote:
Koniforous wrote:
Is the sale over? If prices continue to rise I'd expect the sale to continue, or a new one to be announced soon....
I'm just wondering at which point will CCP **** a brick and try to depress the prices longterm.
Why would they ever do that?

The Indecisive Noob - EVE fan blog.

Wholesale Trading - The new bulk trading mailing list.

Koniforous
Tauren Transit
#445 - 2015-05-06 14:54:45 UTC
They had sale after sale last year while prices were experiencing wild fluctuations. I don't think ccp aims to maintain a specific price, but rather, a specific rate of price increase. I've suspected that when prices increase by ~100mil within only a few days/weeks, ccp intervenes with a sale, and if prices continue rising, they begin selling off banned account plex to buy orders for less than the order is posted. I'm more concerned about ccp's long term promise of game time via purchased plex, and how they plan to handle it.

I foresee a LOT more uses of plex in the future that completely destroy the plex [releasing ccp from promised game time (releasing ccp from paying back a loan/bond purchased by a pilot)]. Whether or not this will make prices rise though is beyond my scope, I would guess prices would rise however if supply becomes limited. But with ever increasing ways to use plex, new players would have to continue coming into the game for supplies to remain high and isk values to remain low. Something I'd guess won't happen unless ccp does something like blizzard did with cataclysm and change their entire eve universe upside down (a path we seem to be on.)

Blah blah blah
Ria Nieyli
Amok.
Goonswarm Federation
#446 - 2015-05-06 14:55:06 UTC
Various reasons, 1 PLEX costing more than 1 month of regular subscription probably at the top.
Lucas Kell
Solitude Trading
#447 - 2015-05-06 15:40:36 UTC
Ria Nieyli wrote:
Various reasons, 1 PLEX costing more than 1 month of regular subscription probably at the top.
A PLEX is a monthly subscription, and it's ISK price is irrelevant against subscription prices. Consider that a PLEX on Serenity is over 3b, there's no reason to assume they will ever intervene by pushing for a hard limit on price.

Koniforous wrote:
I don't think ccp aims to maintain a specific price, but rather, a specific rate of price increase.
This. They intervene when prices rise or fall too quickly, and usually do so by trading PLEX which has been taken from botters and the like. To quote them directly:
Quote:
EVE Central Bank may, or may not, take actions to intervene with the PLEX market if its stability is severely threatened.
- Important to note that it does not mean that there is a specific target for PLEX prices or money supply in the future.


Koniforous wrote:
I'm more concerned about ccp's long term promise of game time via purchased plex, and how they plan to handle it.

I foresee a LOT more uses of plex in the future that completely destroy the plex [releasing ccp from promised game time (releasing ccp from paying back a loan/bond purchased by a pilot)]. Whether or not this will make prices rise though is beyond my scope, I would guess prices would rise however if supply becomes limited. But with ever increasing ways to use plex, new players would have to continue coming into the game for supplies to remain high and isk values to remain low. Something I'd guess won't happen unless ccp does something like blizzard did with cataclysm and change their entire eve universe upside down (a path we seem to be on.)
I think it's pretty safe to say that PLEX for game time will continue as normal. As for other uses, I'm sure they will add more as time goes on, it's a pretty good way of running purchases. That PLEX will rise in prices is a certainty regardless. PLEX price generally goes up, it always will. I'll honestly be surprised if we don't see the 1b PLEX this year.

The Indecisive Noob - EVE fan blog.

Wholesale Trading - The new bulk trading mailing list.

Ria Nieyli
Amok.
Goonswarm Federation
#448 - 2015-05-06 16:22:51 UTC
Lucas Kell wrote:
A PLEX is a monthly subscription, and it's ISK price is irrelevant against subscription prices. Consider that a PLEX on Serenity is over 3b, there's no reason to assume they will ever intervene by pushing for a hard limit on price.


CCP doesn't directly manage the Chinese server, though. CCP earns more cold, hard cash per PLEX used than if that person were to subscribe through a credit card. Especially when you consider the discounts they give for buying multiple months at the same time. If you take into account that economics stats that CCP released show that EVE's economy is deflationary, the only conclusion is that PLEX is currently massively overpriced due to upwards manipulation. The question is, where will CCP draw the line, since it's directly tied to their profit as a company.
Lucas Kell
Solitude Trading
#449 - 2015-05-06 16:49:28 UTC
Ria Nieyli wrote:
CCP doesn't directly manage the Chinese server, though. CCP earns more cold, hard cash per PLEX used than if that person were to subscribe through a credit card. Especially when you consider the discounts they give for buying multiple months at the same time. If you take into account that economics stats that CCP released show that EVE's economy is deflationary, the only conclusion is that PLEX is currently massively overpriced due to upwards manipulation. The question is, where will CCP draw the line, since it's directly tied to their profit as a company.
But why would they draw a line? If anything, they want prices to be higher, as someone is more likely to buy an extra PLEX to sell for 3b isk than they are to sell one for 800m. I honestly don't think CCP will ever intervene beyond what they currently do, which is to slow down rapid spikes and falls in price, which they purely do to keep the economy from crashing.

There's a bit of truth though to the manipulation in that a large number of PLEX are held by traders and a lot are actively traded, but the primary driver for the continuous uptick in price is what people are willing to pay for purchase and consumption.

As it stands PLEX are actually pretty cheap. You can PLEX an account with a highsec miner playing semi-AFK for 2.5 hours a day can PLEX every month. That's one of the lowest forms of income, and you can still PLEX an account in a relatively small amount of playtime. I think it will be a long time before PLEX hits any form of ceiling.

The Indecisive Noob - EVE fan blog.

Wholesale Trading - The new bulk trading mailing list.

Market McSelling Alt
Doomheim
#450 - 2015-05-06 16:56:56 UTC
Lucas Kell wrote:
Ria Nieyli wrote:
CCP doesn't directly manage the Chinese server, though. CCP earns more cold, hard cash per PLEX used than if that person were to subscribe through a credit card. Especially when you consider the discounts they give for buying multiple months at the same time. If you take into account that economics stats that CCP released show that EVE's economy is deflationary, the only conclusion is that PLEX is currently massively overpriced due to upwards manipulation. The question is, where will CCP draw the line, since it's directly tied to their profit as a company.
But why would they draw a line? If anything, they want prices to be higher, as someone is more likely to buy an extra PLEX to sell for 3b isk than they are to sell one for 800m. I honestly don't think CCP will ever intervene beyond what they currently do, which is to slow down rapid spikes and falls in price, which they purely do to keep the economy from crashing.

There's a bit of truth though to the manipulation in that a large number of PLEX are held by traders and a lot are actively traded, but the primary driver for the continuous uptick in price is what people are willing to pay for purchase and consumption.

As it stands PLEX are actually pretty cheap. You can PLEX an account with a highsec miner playing semi-AFK for 2.5 hours a day can PLEX every month. That's one of the lowest forms of income, and you can still PLEX an account in a relatively small amount of playtime. I think it will be a long time before PLEX hits any form of ceiling.



That is far too short-term sighted. CCP wants cheap plex because they want more subscription numbers. As it is we are dropping again at 2013 rates. Seeing average users down almost 10k from this time last year.

CCP wants a healthy balance where people will still buy Plex but not too high that people start leaving or hibernating accounts.

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
#451 - 2015-05-06 17:09:48 UTC
Could it be that the main reason for gradual price increase of plex is due to the very mechanic ccp uses to lower prices? Plex sales.

I wonder if plex price acts like fiat currency inflation, that to lower rates more plex is pumped into the system lowering prices for short time, and then elevating prices in long term because of speculative traders buying plex and holding them thus shortening the supply.

Either way, I foresee prices continually rising also. I'd guess that with more and more ways to use/destroy plex, we will see higher and higher prices of plex, resulting in more pilots subbing with cash, not plex. This will have a slowing effect on price increase.

I'm not sure how less speculative buying and a shrinking supply of pilots that buy plex for cash to pump into the economy will affect the price though. I imagine with everything turning to aurum, demand for plex might decrease, prices might fall, and eventually we may see an aurum dominated market just before ccp decides to get rid of plex and deal strictly with aurum. I don't know what I'm talking about.
Angelica Everstar
#452 - 2015-05-06 18:04:55 UTC
I will say this much - number don't lie Twisted

Its going to be interesting times ahead Blink

§ Current Bond AE09 1 Trillion / Acc. 4,5t ISK

ƒ Want to become a better trader ?

¢ Pls help support EVEs charities!

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Koniforous
Tauren Transit
#453 - 2015-05-06 18:09:20 UTC
Angelica Everstar wrote:
I will say this much - number don't lie Twisted

Its going to be interesting times ahead Blink

Someone's needs to make a graph overlay of 1.plex prices, 2.new players, 3.overall population, 4.plex sale dates and duration, 5.amount of plex purchased/sold, 6. Aurum stuff
Angelica Everstar
#454 - 2015-05-06 18:17:23 UTC
I got one for private use, minus the Auruum Shocked

§ Current Bond AE09 1 Trillion / Acc. 4,5t ISK

ƒ Want to become a better trader ?

¢ Pls help support EVEs charities!

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Koniforous
Tauren Transit
#455 - 2015-05-06 18:22:15 UTC
Angelica Everstar wrote:
I got one for private use, minus the Auruum Shocked

I'm too lazy or I'd make one and post it on MD forums. Share it with us! I'd like to see aurum prices, aurum sales, and even aurum token prices on it too, I think those would be good indicators.
Lucas Kell
Solitude Trading
#456 - 2015-05-06 19:26:33 UTC
Market McSelling Alt wrote:
That is far too short-term sighted. CCP wants cheap plex because they want more subscription numbers. As it is we are dropping again at 2013 rates. Seeing average users down almost 10k from this time last year.

CCP wants a healthy balance where people will still buy Plex but not too high that people start leaving or hibernating accounts.
As long as PLEX is being consumed, I don't think they much care where it's going, subs or services. And PLEX is cheap, the effort you gave to put in to PLEX is minimal. It's not as cheap as the laziest casuals would like, but it's not them it's serving. If everyone could just PLEX their accounts with a couple of hours of effort, you'd find PLEX prices increasing even more rapidly, as demand shoots up while supply drops off. All the time prices are naturally rising it means tht supply is still chasing demand, which is ideal. I tell you what though, if they ever did decide to try to force a price cap, you'd see the economy crash faster than you can imagine when the long-term investors cash out.

Quite honestly, I think what you've got there is wishful thinking. Reality is that CCP will let PLEX continue fairly naturally, which means up.

The Indecisive Noob - EVE fan blog.

Wholesale Trading - The new bulk trading mailing list.

Koniforous
Tauren Transit
#457 - 2015-05-06 20:21:01 UTC
Lucas Kell wrote:
Market McSelling Alt wrote:
That is far too short-term sighted. CCP wants cheap plex because they want more subscription numbers. As it is we are dropping again at 2013 rates. Seeing average users down almost 10k from this time last year.

CCP wants a healthy balance where people will still buy Plex but not too high that people start leaving or hibernating accounts.
As long as PLEX is being consumed, I don't think they much care where it's going, subs or services. And PLEX is cheap, the effort you gave to put in to PLEX is minimal. It's not as cheap as the laziest casuals would like, but it's not them it's serving. If everyone could just PLEX their accounts with a couple of hours of effort, you'd find PLEX prices increasing even more rapidly, as demand shoots up while supply drops off. All the time prices are naturally rising it means tht supply is still chasing demand, which is ideal. I tell you what though, if they ever did decide to try to force a price cap, you'd see the economy crash faster than you can imagine when the long-term investors cash out.

Quite honestly, I think what you've got there is wishful thinking. Reality is that CCP will let PLEX continue fairly naturally, which means up.

Occasionally, however, the short in supply due to demand is driven by speculative investors, and that is not healthy for the economy, nor for ccp as a business.
Lucas Kell
Solitude Trading
#458 - 2015-05-06 21:26:09 UTC
Koniforous wrote:
Occasionally, however, the short in supply due to demand is driven by speculative investors, and that is not healthy for the economy, nor for ccp as a business.
There's no evidence to suggest it's not healthy for either. Again though, I think it's wishful thinking over anything else if you think CCP are going to intervene more than they currently do.

The Indecisive Noob - EVE fan blog.

Wholesale Trading - The new bulk trading mailing list.

Gallowmere Rorschach
The Scope
Gallente Federation
#459 - 2015-05-06 21:41:49 UTC  |  Edited by: Gallowmere Rorschach
Koniforous wrote:

Occasionally, however, the short in supply due to demand is driven by speculative investors, and that is not healthy for the economy, nor for ccp as a business.

Make sure and phone BP and Exxon-Mobil to inform them that speculators are bad for business.
Give us a detailed write-up of how long they spend laughing at you.
Angelica Everstar
#460 - 2015-05-06 21:43:44 UTC
I know of a few "speculative investors", that do not touch PLEX, due to CCP has clearly and repeatedly stated that "massive" manipulation of PLEX will get you banned.

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¢ Pls help support EVEs charities!

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