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Plex Prices

First post
Author
General Muller
GALEDOWNE RED Corporation
#1161 - 2016-04-17 09:55:56 UTC
Alexi Stokov wrote:
Aaron Honk wrote:
Plex prices are going to tank for a little bit

https://i.imgur.com/gAVTe31.png



That's a buy order not a sell order. Why would prices tank?


With the release of Citadels it was stated very clearly that an immense fortune will be required to create these structures and as with any new feature it is all about who can achieve it first to control that very aspect, which means Mr. Visa is going to be extremely popular for that instant ISK, combined with high-roller players already stockpiling plex in assets for when they need to drop it.

The market will be flooded with supply resulting in the price to crash.
Ria Nieyli
Nieyli Enterprises
SL33PERS
#1162 - 2016-04-17 10:08:43 UTC
General Muller wrote:
Alexi Stokov wrote:
Aaron Honk wrote:
Plex prices are going to tank for a little bit

https://i.imgur.com/gAVTe31.png



That's a buy order not a sell order. Why would prices tank?


With the release of Citadels it was stated very clearly that an immense fortune will be required to create these structures and as with any new feature it is all about who can achieve it first to control that very aspect, which means Mr. Visa is going to be extremely popular for that instant ISK, combined with high-roller players already stockpiling plex in assets for when they need to drop it.

The market will be flooded with supply resulting in the price to crash.


The real reason is going to be the increased ISK sinks. Be it citadel BPOs or market taxes, there'll be a lot less free ISK ingame to hoard PLEX with after the patch.
Buzz Orti
State War Academy
Caldari State
#1163 - 2016-04-26 21:34:01 UTC
Teckos Pech wrote:
[quote=Buzz Orti]...
My point is I don't see how "manipulation" where you try to buy up lots of PLEX will work.

Manipulation is a term related to control.
If you buy a lot of PLEx with intent to manipulate the pricxe to either go up or down, or for other other purpose which one "manipulator" or another would control (yes, subcontracting is allowed in this kind of internet game, be it ISP contract or free wifi), one may intent to control part of the market in PLEx.

PLEx prices being what they are, I'm all but left out at this point.

I just earned my first PLEx ingame, from running incursion. I now have over 1.05b ISK left, and spent around 1 b more in the process.
So, I earned about 2b ISK income, and that would be enough for 2 PLEx time, except I had expenses to "get" the income.
I can still make 3b to 4b except again that Citadels come out today, which means more capital flow will go elsewhere, and my income risk to diminish yet again.

So, if you buy lots of PLEx low, and sell them high, how many PLEx do you need to make one PLEx worth?
I would say around 4 to 1, or 4 PLEx purchase sold buys you a 5th PLEx to reinvest in your PLEx manipulation capital.
That means that , once you have your first 5 PLEx from sales of PLExes, you can also sell that 5th PLEx and increase your capital.
So, you make around 20% profit on an item which is fairly high cost and value.

This ratio , of high value comparison , does go down with the new citadel even higher costs.
Nobody even knows the fuel cost, and the BluePrint are , I don't know how much or how many PLEx worth because I didn't check that yet.

So, if you buy 5 PLEx low, with the free profit 5th PLEx, and sell them high, you make 6.20 PLEx, or approximately 20% profit.
8 PLEx bought at that rate returns 10 PLEx worth, or 2 free PLEx.
40 PLEx earns 10 and 80, 20 for a new capital total of 100.

Except for an important detail, all the transaction is done exclusively in PLEx, for as long as the risk of exclusion works (instead of actually losing from exclusion).

Builds ship in empty Quafe bottle.

u3pog
Ministerstvo na otbranata
#1164 - 2016-04-27 20:48:06 UTC  |  Edited by: u3pog
I think someone doesn't want PLEX below 949 999 999.99 ISK...There must be 20K pieces in buy orders at that price.
dawww
Custard Cowboys
#1165 - 2016-04-27 21:21:33 UTC
CCP didn't want the volume of plex sales to fall with citadel bpos costing so much, no one has that sort of capital.

#conspiracy
Buzz Orti
State War Academy
Caldari State
#1166 - 2016-04-27 21:31:09 UTC  |  Edited by: Buzz Orti
u3pog wrote:
I think someone doesn't want PLEX below 949 999 999.99 ISK...There must be 20K pieces in buy orders at that price.

20,000 / 20% = 20,000 x 0.20 = 4,000 PLExes x 949,999,999.99 ISK (or 949.9m ISK, or 0.949b ISK) =
The result is out of range.
= 37,999,999.996m ISK. (In supposed profit, way over the cost of a Citadel.)
= 37,999.99b ISK = 37.99T ISK, or enough for an XL Citadel + a Palatine / Palladium.

Also, it is extremely hard to conspire to do good.

Builds ship in empty Quafe bottle.

dawww
Custard Cowboys
#1167 - 2016-04-27 21:36:53 UTC
Buzz Orti wrote:
u3pog wrote:
I think someone doesn't want PLEX below 949 999 999.99 ISK...There must be 20K pieces in buy orders at that price.

20,000 / 20% = 20,000 x 0.20 = 4,000 PLExes x 949,999,999.99 ISK (or 949.9m ISK, or 0.949b ISK) =
The result is out of range.
= 37,999,999.996m ISK. (In supposed profit, way over the cost of a Citadel.)
= 37,999.99b ISK = 37.99T ISK, or enough for an XL Citadel + a Palatine / Palladium.

Also, it is extremely hard to conspire to do good.



well if there are orders for 20000 plex that's around $280,000 worth, who has that kind of money to spend on a game....could just buy another house
Varnik
Proposition Thirteen
#1168 - 2016-04-27 21:53:40 UTC
dawww wrote:
Buzz Orti wrote:
u3pog wrote:
I think someone doesn't want PLEX below 949 999 999.99 ISK...There must be 20K pieces in buy orders at that price.

20,000 / 20% = 20,000 x 0.20 = 4,000 PLExes x 949,999,999.99 ISK (or 949.9m ISK, or 0.949b ISK) =
The result is out of range.
= 37,999,999.996m ISK. (In supposed profit, way over the cost of a Citadel.)
= 37,999.99b ISK = 37.99T ISK, or enough for an XL Citadel + a Palatine / Palladium.

Also, it is extremely hard to conspire to do good.



well if there are orders for 20000 plex that's around $280,000 worth, who has that kind of money to spend on a game....could just buy another house



There are indeed a lot of orders (In Jita) at this price and I do wonder who is manipulating the market...

...

Aaron Honk
Distributed Denial of Service
#1169 - 2016-04-27 22:44:42 UTC
Buzz Orti wrote:
u3pog wrote:
I think someone doesn't want PLEX below 949 999 999.99 ISK...There must be 20K pieces in buy orders at that price.

20,000 / 20% = 20,000 x 0.20 = 4,000 PLExes x 949,999,999.99 ISK (or 949.9m ISK, or 0.949b ISK) =
The result is out of range.
= 37,999,999.996m ISK. (In supposed profit, way over the cost of a Citadel.)
= 37,999.99b ISK = 37.99T ISK, or enough for an XL Citadel + a Palatine / Palladium.

Also, it is extremely hard to conspire to do good.


These orders are bogus. You can confirm it by importing the prices in a sheet. (margin trading scam)
Buzz Orti
State War Academy
Caldari State
#1170 - 2016-04-28 00:14:04 UTC
dawww wrote:
...


well if there are orders for 20000 plex that's around $280,000 worth, who has that kind of money to spend on a game....could just buy another house

My brother in law is a commercial real-estate agent or broker and you can buy a $600,000 house with $5,000 down-payment.

Also, the EVE Online hardware costs millions of which the $280,000 is not even the 20% which 80% of the populus (latin term for effect, not efficiency) pays.

Many commercial building including CCP's basement is probably worth over millions over the hardware millions.

Builds ship in empty Quafe bottle.

Keacha
Science and Trade Institute
Caldari State
#1171 - 2016-04-28 03:09:35 UTC
Varnik wrote:

There are indeed a lot of orders (In Jita) at this price and I do wonder who is manipulating the market...


These orders went up a few hours before patch. I checked a few of them and they all belonged to Probag Bear. See his post in MD. Pre patch speculation etc.

Originally the orders were placed to push the price up. Very few people bothered to out bid him for several hours before patch release . He pushed the price up about 15m. No one else really bidding. A few minutes after the patch was release and eve went back on line he caved and dropped the orders to 950m. As you can see he has since decreased the orders to 849m.

Its not CCP. They want the price to drop as do I. Enjoy the cheap plex while it lasts
General Muller
GALEDOWNE RED Corporation
#1172 - 2016-04-28 13:47:36 UTC
dawww wrote:
well if there are orders for 20000 plex that's around $280,000 worth, who has that kind of money to spend on a game....could just buy another house


Just ask Bill Gates. He saved CCP from near collapse a few years ago....
Makeleth Riatu Solette
The Scope
Gallente Federation
#1173 - 2016-04-28 14:23:46 UTC
General Muller wrote:
dawww wrote:
well if there are orders for 20000 plex that's around $280,000 worth, who has that kind of money to spend on a game....could just buy another house


Just ask Bill Gates. He saved CCP from near collapse a few years ago....


Not sure if sarcasm or legit. If legit, link please?

Mail me if you'd like some marketing advice or advice in general

u3pog
Ministerstvo na otbranata
#1174 - 2016-04-28 18:48:46 UTC  |  Edited by: u3pog
Aaron Honk wrote:
Buzz Orti wrote:
u3pog wrote:
I think someone doesn't want PLEX below 949 999 999.99 ISK...There must be 20K pieces in buy orders at that price.

20,000 / 20% = 20,000 x 0.20 = 4,000 PLExes x 949,999,999.99 ISK (or 949.9m ISK, or 0.949b ISK) =
The result is out of range.
= 37,999,999.996m ISK. (In supposed profit, way over the cost of a Citadel.)
= 37,999.99b ISK = 37.99T ISK, or enough for an XL Citadel + a Palatine / Palladium.

Also, it is extremely hard to conspire to do good.


These orders are bogus. You can confirm it by importing the prices in a sheet. (margin trading scam)


Why would someone waste lots of billions of ISK in broker fee for a scam? Plus I don't see how buy orders with min volume of 1 and such a low price is a scam...

To me this looks like stockpiling for the cold winter. You know, "winter is coming" and all that...Maybe a coallition which already lost a lot. Big smile It just looks too much for a single person's pocket.
Alexi Stokov
State War Academy
Caldari State
#1175 - 2016-04-28 21:39:07 UTC
Keacha wrote:
Varnik wrote:

There are indeed a lot of orders (In Jita) at this price and I do wonder who is manipulating the market...


These orders went up a few hours before patch. I checked a few of them and they all belonged to Probag Bear. See his post in MD. Pre patch speculation etc.

Originally the orders were placed to push the price up. Very few people bothered to out bid him for several hours before patch release . He pushed the price up about 15m. No one else really bidding. A few minutes after the patch was release and eve went back on line he caved and dropped the orders to 950m. As you can see he has since decreased the orders to 849m.

Its not CCP. They want the price to drop as do I. Enjoy the cheap plex while it lasts



How did you check a few orders?
Zahara Cody
Imperial Corrections Service.
#1176 - 2016-04-28 23:22:32 UTC
Why in the hell would he need 400 something bil if he has the cheese to put up 38 tril worth of buy orders? Roll

Hating is free, that's why poor people do it the best.

u3pog
Ministerstvo na otbranata
#1177 - 2016-04-28 23:26:33 UTC
Zahara Cody wrote:
Why in the hell would he need 400 something bil if he has the cheese to put up 38 tril worth of buy orders? Roll


He should skip the PLEX thing and just save for the Palatine citadel, so he can get an achievement...oh wait, that's another game. Pirate

What a turn of events, eh? From 1350 mil right after the injector fever, down to less than a billion in 2 months. I wonder where we're headed next...
Keacha
Science and Trade Institute
Caldari State
#1178 - 2016-04-28 23:28:57 UTC  |  Edited by: Keacha
[/quote]
How did you check a few orders?[/quote]
I sold plex into different buy orders over a couple of hours using different characters.

I dont think it was a scam. His market post to get extra isk however sounds like it was an attempt. https://forums.eveonline.com/default.aspx?g=posts&t=478043&p=2

Maybe just looking at using the patch to push up prices using bulk orders and market force, but realized the 3x increase in daily plex sales would stop any attempt to push prices up, Still worth a try and also make people notice. Maybe did it to mask his real reason, He most likely still wants plex however will buy them cheaper when the price bottoms out.

Also being a regular buyer of plex it is also likely that the real reason that the orders were put up directly before the patch was to save the 2%.brokers fee. (if that worked prepatch). It doesn't sound a lot but when the plex market returns profits of less than 1% a transaction it means he will triple his return per sale down the track. It is a reasonable use of the margin trading skill when dealing with volumns like that. He will be more competitive than any other trader for a while and can choose to dominate the plex market for a while if he likes.

So many reason for doing this as a trader and thats just a few possible reasons. Knowledge is power.
probag Bear
Xiong Offices
#1179 - 2016-04-29 00:01:30 UTC
Keacha wrote:

I sold plex into different buy orders over a couple of hours using different characters.

I dont think it was a scam. His market post to get extra isk however sounds like it was an attempt. https://forums.eveonline.com/default.aspx?g=posts&t=478043&p=2

Maybe just looking at using the patch to push up prices using bulk orders and market force, but realized the 3x increase in daily plex sales would stop any attempt to push prices up, Still worth a try and also make people notice. Maybe did it to mask his real reason, He most likely still wants plex however will buy them cheaper when the price bottoms out.

Also being a regular buyer of plex it is also likely that the real reason that the orders were put up directly before the patch was to save the 2%.brokers fee. (if that worked prepatch). It doesn't sound a lot but when the plex market returns profits of less than 1% a transaction it means he will triple his return per sale down the track. It is a reasonable use of the margin trading skill when dealing with volumns like that. He will be more competitive than any other trader for a while and can choose to dominate the plex market for a while if he likes.

So many reason for doing this as a trader and thats just a few possible reasons. Knowledge is power.


But then how did I get the 38 trillion?.. https://m.youtube.com/watch?v=fq3abPnEEGE

:n all seriousness, it's not me. I only made a few small orders. The rest belong to someone I told the method to. His name... "Pear brobag"
Buzz Orti
State War Academy
Caldari State
#1180 - 2016-04-29 00:43:17 UTC  |  Edited by: Buzz Orti
+37.99 T x 5 = 189.95 T

(builds enemy Quafe ship in a bottle...)

eve-marketdata
Sellers 0.9 The Forge - Jita : 5 units - 952,900,000 ISK - 1 hour ago

eve-central
Sell Orders
Heimatar [-] 0.9 Rens VI - Moon 8 - Brutor Tribe Treasury : 970,000,000.00 - 1 unit - 2016-05-05 - 11 hours ago

Builds ship in empty Quafe bottle.