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Market Discussions

 
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PLEX Reaches 1 Billion ISK

First post
Author
Donima
Pyromaniacs Anonymous
#1 - 2014-11-19 18:36:37 UTC
Plex on the marker in eve has just reached 1 billion isk. The increase in price if this commodity is outrageous. Especially when you consider that just 2 years ago it was only 500mil. And back in 2009 it was just under 200mil. That means it grew 300 mil over 3 years and then 500 mil in just under 2yrs with nearly 200mil of that being just in the last month or 2.

Now some may say this is due to inflation or increasing avenue for income stream. But nowhere of those explain why Plex prices have skyrocketed so drastically while every other commodity has practically stayed stagnant.

Many players rely on the ability to pay isk to play because they can't afford to pay with real money such as broke college students or others affected by a down turned economy. But these prices are making it extremely difficult for these people to afford the time to be able to afford to Plex their account.

My concern is that if CCP doesn't do something about this soon, they will be losing a lot of their more consistent player basis and we as capsuleers might be losing a lot of our industrial friends.

I ask CCP to consider this market commodity as an exploited market item right now and look for a way to fix it as soon as possible.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#2 - 2014-11-19 18:47:14 UTC
About bloody time.
Vaillene
Aliastra
Gallente Federation
#3 - 2014-11-19 18:47:52 UTC
If people buy it at that price and player #s are on the rise why should they step in?

If it gets to an unsustainable price then the market will sort itself out. If no one buys the price will start coming down, price isn't high enough for that to happen so seems fine to me.
350125GO
Sebiestor Tribe
Minmatar Republic
#4 - 2014-11-19 19:07:14 UTC
Donima wrote:

Many players rely on the ability to pay isk to play because they can't afford to pay with real money such as broke college students or others affected by a down turned economy. But these prices are making it extremely difficult for these people to afford the time to be able to afford to Plex their account.


Why is this a concern to CCP or anyone besides the people who want to play for free (outside of time spent earning the isk)?

CCP would likely only be concerned about the isk cost of PLEX if the cash sales of PLEX decreased for some reason, however, it's also likely that the higher the isk value of PLEX, the more PLEX CCP will sell.

You're looking at this from a personal, emotional viewpoint, instead of the basic economic issues at play.

Though I think it's great that some people can pay for their account(s) (it's always multiple accounts with these players) with isk, I'm not the least bit motivated to do anything to make it easier for them to continue to do this.

You're young, you'll adjust. I'm old, I'll get used to it.

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#5 - 2014-11-19 19:39:21 UTC
350125GO wrote:
it's also likely that the higher the isk value of PLEX, the more PLEX CCP will sell.
It goes both ways.

The higher the ISK value of PLEX, the more players become interested in creating at least one PLEX to put on the market for ISK.

The higher the ISK value of PLEX, the less PLEX a player needs to sell to achieve any particular amount of ISK.

People that used to create two PLEX a month to fund their PvP habit, only have to create one PLEX a month now.

This is very much PLEX working as intended, because the most important customer in this process is the one who creates a PLEX. He's getting good value for money and this prevents him from considering illicit RMT services.

350125GO wrote:
Though I think it's great that some people can pay for their account(s) (it's always multiple accounts with these players) with isk, I'm not the least bit motivated to do anything to make it easier for them to continue to do this.

It's been stupidly easy to sustain an account with PLEX for a very long time. The amount of isk you can generate from an account even if you only log in once a week is huge. We're only just starting to close the gap between cost and yield.
ISD Ezwal
ISD Community Communications Liaisons
ISD Alliance
#6 - 2014-11-19 19:46:19 UTC
As there is already a thread on the same topic, this one gets a lock.

Thread locked.

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