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PLEX is dropping. How low can it go?

March rabbit
Gallente Federation
#21 - 2017-01-17 16:38:55 UTC
Selling SP got more interesting lately. It looks like a lot of players consume SP.

The Mittani: "the inappropriate drunked joke"

Project Fruit House
#22 - 2017-01-19 08:13:39 UTC  |  Edited by: Toobo
Over long term, we could see a gradual drop or increase in price, but for now it seems the resistance is there to keep it over 1b mark, not that I'm saying it's an 'organised/intentional' resistance from any one, but it just seems that every time PLEX goes below 1b people start to buy up and it goes right back over 1b again.

Would be interesting to see who will start dumping first, and at what mark - will it be at 1.1b people start selloing or are people going to hoard them with hope that it will hit 1.2b.

Although I initially thought PLEX would drop quite a lot over the winter (it had a dip) but it's been holding up better than I expected. Interesting.

EDIT: As I write, the current buy price for PLEX in Jita is at 1,046 million, while the sell price point is at 1,059 mil. Maybe someone with perfect standing could make miniscule profit from this, but the margin is too thin now for people to make ISK by buying at current buy and selling at current sell, i.e., quick flipping. This probably means that people who are buying at this price is expecting that the sell price would settle down at higher point, or something like that :p

Cheers Love! The cavalry's here!

#23 - 2017-01-19 15:17:23 UTC
March rabbit wrote:
Selling SP got more interesting lately. It looks like a lot of players consume SP.

With null players boasting hundreds of isk/hr incomes, I'm not surprised. Get into doctrine ships faster, a whole lot of ops become available to you.
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