These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
Previous page12
 

Will plexes ever drop?
Author
Previous Topic Next Topic
Sizeof Void
Ninja Suicide Squadron
#21 - 2016-01-26 10:33:13 UTC
As long as there is nothing else for space-rich players to buy, they will continue to stockpile PLEX, thus keeping the price high. And, CCP's recent decision to sell the new Skill Extractors for AURUM will also affect PLEX prices via space-rich players who will use the ISK->PLEX->AURUM method to buy the Extractors, in order to reallocate useless SP. This will increase the upward pressure on PLEX prices, as well.

PLEX prices can only drop when (a) CCP has a PLEX sale, and (b) CCP dumps large amounts of confiscated PLEX on the market - ideally, both at the same time. However, as we saw during the most recent holiday PLEX sales, the prices cannot drop significantly if the space-rich players can continue to buy them up, nearly as fast as they go on the market. This indicates that CCP would probably also have to (c) significantly reduce the ISK faucets in the game, and (d) increase the ISK sinks, in order to bleed out a lot of the excess ISK, partcularly that held by the space-rich, from the game. Progressive taxes on the space-rich, perhaps? lol

It is just too easy for many players to accumulate ISK and PLEX these days. Take a look at this fellow for example.
Minarete
Celestial Tomb
#22 - 2016-01-28 18:22:47 UTC
Darkstar01
Doomheim
#23 - 2016-01-28 22:14:02 UTC  |  Edited by: Darkstar01
Sizeof Void wrote:
As long as there is nothing else for space-rich players to buy, they will continue to stockpile PLEX, thus keeping the price high. And, CCP's recent decision to sell the new Skill Extractors for AURUM will also affect PLEX prices via space-rich players who will use the ISK->PLEX->AURUM method to buy the Extractors, in order to reallocate useless SP. This will increase the upward pressure on PLEX prices, as well.

PLEX prices can only drop when (a) CCP has a PLEX sale, and (b) CCP dumps large amounts of confiscated PLEX on the market - ideally, both at the same time. However, as we saw during the most recent holiday PLEX sales, the prices cannot drop significantly if the space-rich players can continue to buy them up, nearly as fast as they go on the market. This indicates that CCP would probably also have to (c) significantly reduce the ISK faucets in the game, and (d) increase the ISK sinks, in order to bleed out a lot of the excess ISK, partcularly that held by the space-rich, from the game. Progressive taxes on the space-rich, perhaps? lol

It is just too easy for many players to accumulate ISK and PLEX these days. Take a look at this fellow for example.


PLEX will also go down if there is an influx of new players.

We'll see what happens with the launch of Citadels and Eve Valkyrie. Eve Online is definitely going to receive a lot of publicity due to how popular the Oculus Rift is, and hopefully CCP can retain most of these players. Maybe it will drop PLEX down to around 1 Bil.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#24 - 2016-01-29 03:54:19 UTC
The PLEX sale is on, get them while they're not quite so hot.
Luthor Ikkala
Snow Moon City
Fraternity.
#25 - 2016-01-29 06:13:24 UTC
I dont really see a reason why plex price should drop. When you have trained up necessary skills it shouldn't be too big of an issue to plex your account every month or every two months time. There is so many decent ways to make in this game so it shouldn't be a problem
Sequester Risalo
Significant Others
#26 - 2016-01-29 12:58:16 UTC
When the Last Freighter is Ganked, the Last Asteroid Mined, and the Last Rat Killed, You Will Realize That You Cannot Eat PLEX.

The price will go down when there is no more demand for PLEX because EVE is dying.
Blinky Jimmy
Irreducibly Insane
Salty..
#27 - 2016-01-29 18:52:07 UTC
Sequester Risalo wrote:
When the Last Freighter is Ganked, the Last Asteroid Mined, and the Last Rat Killed, You Will Realize That You Cannot Eat PLEX.

The price will go down when there is no more demand for PLEX because EVE is dying.

Or tons of new players come and flood the market. Who am I kidding, there's no optimism in eve.
Leg Day
Republic University
Minmatar Republic
#28 - 2016-01-30 22:43:34 UTC
Almost certainly not. Think about it for a moment... PLEX connects ISK to the Dollar, the most powerful currency in the history of mankind. There's no way that ISK can ever compete with the dollar, ever. The only way it would change is if CCP changed PLEX's relationship with the dollar in some way (like creating plex2 that costs $10) or something like that.
Nitshe Razvedka
#29 - 2016-01-31 01:16:21 UTC
Leg Day wrote:
Almost certainly not. Think about it for a moment... PLEX connects ISK to the Dollar, the most powerful currency in the history of mankind. There's no way that ISK can ever compete with the dollar, ever. The only way it would change is if CCP changed PLEX's relationship with the dollar in some way (like creating plex2 that costs $10) or something like that.


The OP is talking about the isk price of plex not dollar price.

The isk price is driven by supply and demand within the eve market.

The dollar price is dependent on your currencies value in relation to the US dollar.

The US dollar is not the most powerful currency in the history of mankind. It is a fiat currency based on the perceived strength of the US economy. Hence market shocks such as 2007 see the dollar freefall. It is neither pegged to silver or gold, what keeps it artificially high is the Petro Dollar Recycling System ( the 6 major oil markets only trading in US $ ).ShockedCoolSmile

Thieving pirates discuss INTEGRITY; Anarchist gankers give us LAWS; and Whoring merc's cry then blow off clients with INSULTS.

Up is down and down is up in the C&P Forum.
Mazare Mircea
Beyond Divinity Inc
Shadow Cartel
#30 - 2016-02-08 03:13:38 UTC  |  Edited by: Mazare Mircea
Zad Murrard wrote:
They will stabilize / drop once enough people cannot make the needed amount of isk / month to buy one-
(where X is however many they are usually buying).

Now whether people start subbing with money or quitting the game once they cannot buy plex with isk
is something I don't know.

Time will tell. Or CCP, I'm sure they have some numbers in this matter already.


This really.

Plex is tied to # of hours that are needed to get to the plex, for each and every one user this number varies.

Most plexers are the null-sec anom farmers and incursion runners.
I don't think to a null sec farmer, it matters if he pays with plex in 12hs or in 24hs, he's got a full month to pay.
Same for incursion runners, who cares if you pay in 8hs or in 16hs if you still have a full month to farm.

Added to this is that ppl use plex to park their isk, you saw what happened with the swiss franc when it became the designated currency to park RL cash in.

I am confident that it will reach 1.7b by the end of the yr (mid point between 1.6 and 1.8 vehiculated in this thread).

CCP can influence this by reducing the payout of these 2 activities that create isk out of thin air in the game, but it will take a prolonged, steady stay at a price level followed by a steady drop despite the efforts of the speculators with trillions of isk to make most ppl sell their plexes.
And even then, put yourself in these ppl's shoes ... what will you do with the isk ?; park it in what ?

And if this run to sell the plexes actually happens (with the corresponding significant drop from the future plateau), it means a huge loss for CCP because they will lose subscription RL money as more ppl for a few months will prefer to spend ISK than to sub with rl cash, until these excess plexes are all used.

PS: CCP stated at one point that 200k plexes are hoarded.
Think how many accounts that means, and how much RL $ that is.
Jerry T Pepridge
Meta Game Analysis and Investment INC.
#31 - 2016-02-08 03:42:08 UTC
poors will always speculate prices are heading down to make themselves feel better.

these are a luxury item, they should be valued as such.

once they are on the market CCP already is paid, so it only makes sense that they want the prices to rise to where only good players can afford it.

@JerryTPepridge
Mazare Mircea
Beyond Divinity Inc
Shadow Cartel
#32 - 2016-02-08 03:54:03 UTC  |  Edited by: Mazare Mircea
The ideal scenario is for them to be bought (from CCP), to be put up on the market and trade, and never used.
Ideal for CCP obviously.

Their price will fall (referring strictly to a prolonged fall) but not before a big # of users will say ' too much'.
Atm, they are the ones who control the price, because they keep buying and using.

But with major war in the north, east and every other place nowhere in sight, with Citadels coming to the game and CCP trying to move more ppl into null, a serious nerf to null income is unlikely to happen.

At most CCP will change the mechanic of Incursions to getting more LP, less ISK, which has the advantage of redistributing isk instead of generating isk.


What many hopefulls also forget is that with 2000 units traded in Jita per day, an average of 80 / hour, with price swings daily, and with peak trading of plexes probably reaching 250 units per hour (EU evenings), PLEX is ISK.
You keep it, and if you have an emergency you get instant cash, on a sell order.
Why would someone with excess isk, not buy PLEX then ?
Previous page12