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Overpriced Plexes
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Kero Resistanbul
Caldari Provisions
Caldari State
#1 - 2017-05-16 18:57:50 UTC
Hello dear CCP...
After new plex system steam store plex prices are MAD.For example i bought 12 old plexes for 284 TL (1EUR=3,9TL) now just 500newplex are 68TL.When you calculate it i bought 6000 new plex with 284 TL, now if i want to buy same number of plexes it costs 816 TL :) nearly %300 Expensive right now guys no body going to pay for this after that kind of pricing please do something for us:)
Chainsaw Plankton
FaDoyToy
#2 - 2017-05-16 19:14:52 UTC
284 TL / 12 plex / 3.9 eur/tl = a wee bit over 6 eur / plex, which just sounds wrong, it sounds way too cheap. Sounds like steam was giving you a local currency deal, I wouldn't be surprised if steam was losing money on that transaction and they figured it out when they redid the pricing. 816 TL / 12 plex / 3.9 eur/TL is 17 eur/plex which sounds like the right price, and what other people were/are paying.

@ChainsawPlankto on twitter
Kero Resistanbul
Caldari Provisions
Caldari State
#3 - 2017-05-16 23:08:34 UTC
Yeah but do you know anything about currency difference? They changed the price so so much .So nobody guna pay for it nowadays...
Gregorius Goldstein
Queens of the Drone Age
#4 - 2017-05-17 07:22:17 UTC
TR = Turkish Lira?
I guess you have to blame the Turkish speaking German Players that figured out how to pay Steam in Lira. Earn Euro, spend Lira (or rossijskij rubl in other cases) is a nice deal. Local prices for online gods are hard to protect and when those local prices get abused from the outside the players those prices were supposed to be for get the short end.
Nana Skalski
Taisaanat Kotei
EDENCOM DEFENSIVE INITIATIVE
#5 - 2017-05-17 08:05:35 UTC  |  Edited by: Nana Skalski
Similar situation happened to the other game I played some time ago. Funcom had a deal with the publisher to sell subscription for half the money they got from the rest of the europe, Russia had the same deal. I dont think it was a mistake of some kind. But they removed the deals when the game went f2p.

ᴇᴠᴇʀʏ ᴘᴀʀᴛ ᴏғ ᴀ ɢᴀᴍᴇ ʜᴇʟᴘs ᴛᴏ ᴛᴇʟʟ ᴀ sᴛᴏʀʏ 📕

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ᴏsᴘʀᴇʏ 🚀

≡⋁≡ ♥
Joey Bags
School of Applied Knowledge
Caldari State
#6 - 2017-05-17 13:49:00 UTC
PLEX is likely to continue to go up do to the following.

1.Smaller chunks, like a stock split, make it more affordable and an attractive investment.
2. You can use PLEX to buy vanity items and ship skins directly with no AUR conversion.
3. PLEX has always trended up long term with only short, small downturns.
4. More Alphas in the game mean X% will convert to Omega - ie ~ there's more people buying it.

You can pick your friends and you can pick your nose but you can't pick your friends nose. Unless you podded them...and collected their corpse.
Lulu Lunette
Savage Moon Society
#7 - 2017-05-17 14:40:03 UTC
Joey Bags wrote:
PLEX is likely to continue to go up do to the following.

1.Smaller chunks, like a stock split, make it more affordable and an attractive investment.
2. You can use PLEX to buy vanity items and ship skins directly with no AUR conversion.
3. PLEX has always trended up long term with only short, small downturns.
4. More Alphas in the game mean X% will convert to Omega - ie ~ there's more people buying it.


Love the stock market and economical take. Agree with all of this. The demand on individual PLEX is much higher now and the old classic supply:demand thing. (Less are buying PLEX with RL dollars) So I'm saying Eve is dying I guess P

Totally kidding!~

I really think the change is much better - The former Aurum/PLEX was dumb and overly complicated. My only two wishes is that they called PLEX something else after the split, and that the PLEX vault was instead in the wallet instead of every single inventory window.

@lunettelulu7
Kero Resistanbul
Caldari Provisions
Caldari State
#8 - 2017-05-17 16:36:04 UTC
I don't know what did they think but GM said it was a marketing decision! What the? When somebody change the price %300 in 1 day it's not normal and it's way tooooo expensive for TR than EU and US countries.So our currency not good right now if they want to protect their customers in TR they have to do something about that prices.Otherwise no body guna pay 68 TL for one month subs.It was 25 in steam and it was ok.Also when you earn with $ and € 19 is no big deal but for Turkey it's expensive...
Teckos Pech
Hogyoku
Goonswarm Federation
#9 - 2017-05-17 17:39:23 UTC  |  Edited by: Teckos Pech
Lulu Lunette wrote:
Joey Bags wrote:
PLEX is likely to continue to go up do to the following.

1.Smaller chunks, like a stock split, make it more affordable and an attractive investment.
2. You can use PLEX to buy vanity items and ship skins directly with no AUR conversion.
3. PLEX has always trended up long term with only short, small downturns.
4. More Alphas in the game mean X% will convert to Omega - ie ~ there's more people buying it.


Love the stock market and economical take. Agree with all of this. The demand on individual PLEX is much higher now and the old classic supply:demand thing. (Less are buying PLEX with RL dollars) So I'm saying Eve is dying I guess P

Totally kidding!~

I really think the change is much better - The former Aurum/PLEX was dumb and overly complicated. My only two wishes is that they called PLEX something else after the split, and that the PLEX vault was instead in the wallet instead of every single inventory window.



Stock splits usually reduce the price. If you have say 100 shares with a price of $100 and the stock splits (say 2:1, a common split ratio), you have 200 shares at $50. Note that in both cases the total value of the stock is the same $10,000 which would represents the firms market capitalization. Now, the reason for the stock split could be that the stock was increasing in value, but the split itself should have little to no effect on the price. It is very much like taking a $100 bill and getting two $50 bills.

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

8 Golden Rules for EVE Online
Nana Skalski
Taisaanat Kotei
EDENCOM DEFENSIVE INITIATIVE
#10 - 2017-05-17 17:57:54 UTC  |  Edited by: Nana Skalski
Kero Resistanbul wrote:
I don't know what did they think but GM said it was a marketing decision! What the? When somebody change the price %300 in 1 day it's not normal and it's way tooooo expensive for TR than EU and US countries.So our currency not good right now if they want to protect their customers in TR they have to do something about that prices.Otherwise no body guna pay 68 TL for one month subs.It was 25 in steam and it was ok.Also when you earn with $ and € 19 is no big deal but for Turkey it's expensive...

Actually my money have nearly identical exchange rate with Euro as Turkish money. I would say exactly the same thing as you because we have even similar wages here, maybe a little better. But I use PLEX bought for ISK from beginning, not counting the two month game time code I had to bought first, to play the game past trial.

ᴇᴠᴇʀʏ ᴘᴀʀᴛ ᴏғ ᴀ ɢᴀᴍᴇ ʜᴇʟᴘs ᴛᴏ ᴛᴇʟʟ ᴀ sᴛᴏʀʏ 📕

ᴡʜᴇʀᴇ ɪs ᴀɴɢʀʏ ᴄᴏɴᴄᴏʀᴅ ɢᴜʏ ᴡʜᴇɴ ʏᴏᴜ ɴᴇᴇᴅ ʜɪᴍ

ᴏsᴘʀᴇʏ 🚀

≡⋁≡ ♥
Joey Bags
School of Applied Knowledge
Caldari State
#11 - 2017-05-17 18:41:55 UTC
Teckos Pech wrote:
Lulu Lunette wrote:
Joey Bags wrote:
PLEX is likely to continue to go up do to the following.

1.Smaller chunks, like a stock split, make it more affordable and an attractive investment.
2. You can use PLEX to buy vanity items and ship skins directly with no AUR conversion.
3. PLEX has always trended up long term with only short, small downturns.
4. More Alphas in the game mean X% will convert to Omega - ie ~ there's more people buying it.


Love the stock market and economical take. Agree with all of this. The demand on individual PLEX is much higher now and the old classic supply:demand thing. (Less are buying PLEX with RL dollars) So I'm saying Eve is dying I guess P

Totally kidding!~

I really think the change is much better - The former Aurum/PLEX was dumb and overly complicated. My only two wishes is that they called PLEX something else after the split, and that the PLEX vault was instead in the wallet instead of every single inventory window.



Stock splits usually reduce the price. If you have say 100 shares with a price of $100 and the stock splits (say 2:1, a common split ratio), you have 200 shares at $50. Note that in both cases the total value of the stock is the same $10,000 which would represents the firms market capitalization. Now, the reason for the stock split could be that the stock was increasing in value, but the split itself should have little to no effect on the price. It is very much like taking a $100 bill and getting two $50 bills.


You are correct that the total value remains the same and in the short term can actually cause the total price to drop. Long term though everything else being equal (depending on market factors, company finances and other honestly more topical factors) prices generally rise when a lower entry cost is involved. Todays stock market with spiders or similar investment tools make it a tough comparison, I am attempting to be simplistic.

In short though the PLEX split of 500:1 makes it more likely people will pick up the smaller chunks as speculators, game time users or for EvE Store purchases than they did in the past which will likely drive prices up due to it's decreased entry fee.

You can pick your friends and you can pick your nose but you can't pick your friends nose. Unless you podded them...and collected their corpse.