These forums have been archived and are now read-only.

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

EVE General Discussion

 
  • Topic is locked indefinitely.
 

Increasing demand results in increased price
Author
Previous Topic Next Topic
Tipa Riot
Federal Navy Academy
Gallente Federation
#21 - 2017-05-20 19:56:33 UTC  |  Edited by: Tipa Riot
Mr Epeen wrote:
Sonya Corvinus wrote:
Can you earn enough to buy month's plex in game in an hour of play time? A simple yes or no answer will do.
I'll take this one. Yes. Yes you can.

I'll give you one example. I just finished building a Nomad today.

Real time: Over a month. Time logged into the game (play time): Under an hour.

You can buy plenty of PLEX with 8+ billion Iskies. Obviously less when you take into account build costs, but you see what I'm saying. Still well over a months worth of PLEX per hour played.

Mr Epeen Cool

... you talk about revenue, but profit is needed to have spare ISK for PLEX consumption, and margins for jump freighters are not that great last time I checked (if you are not falling for the "minerals I mine are free" trap). Blink

But of course, yes, you can make 1.4B ISK with one hour net playtime per month, after you have invested into the right setup. Probably rather not or only with some luck, within one hour at a time.

I'm my own NPC alt.
Sonya Corvinus
Grant Village
#22 - 2017-05-20 19:57:33 UTC
Mr Epeen wrote:
I'll take this one. Yes. Yes you can.

I'll give you one example. I just finished building a Nomad today.

Real time: Over a month. Time logged into the game (play time): Under an hour.

You can buy plenty of PLEX with 8+ billion Iskies. Obviously less when you take into account build costs, but you see what I'm saying. Still well over a months worth of PLEX per hour played.

Mr Epeen Cool


That's great, is it realistic for most people though? You can earn enough for 3-4 months playtime in a hour working IRL though, very easily. That's my only point. Grinding for ISK doesn't make sense. If you have fun doing it, go for it, but don't turn any video game into a job.
Mr Epeen
It's All About Me
#23 - 2017-05-20 20:02:13 UTC
Sonya Corvinus wrote:

That's great, is it realistic for most people though?
Probably not. But you asked, "Can you earn enough to buy month's plex in game in an hour of play time? A simple yes or no answer will do."

So that's what I answered. You did not add qualifiers. You asked a straight up question and I gave you a straight up answer.

Mr Epeen Cool
Sonya Corvinus
Grant Village
#24 - 2017-05-20 20:43:29 UTC
Mr Epeen wrote:
Sonya Corvinus wrote:

That's great, is it realistic for most people though?
Probably not. But you asked, "Can you earn enough to buy month's plex in game in an hour of play time? A simple yes or no answer will do."

So that's what I answered. You did not add qualifiers. You asked a straight up question and I gave you a straight up answer.

Mr Epeen Cool


I assume common sense goes into interpreting what someone says. Apparently I shouldn't. My apologies. Cool
Ben Johannson
The Scope
Gallente Federation
#25 - 2017-05-22 09:40:43 UTC
In a competitive market at maximum output, increasing demand would tend to increase prices. However, that isn't what we have in Eve. We have an administratively determined price for PLEX set by CCP, not a market determined price. The player equivalent of speculators also manipulate prices via hoarding, which impairs market signaling.
Don Pera Saissore
#26 - 2017-05-22 10:24:07 UTC
Sonya Corvinus wrote:
Don Pera Saissore wrote:
Sonya Corvinus wrote:
I don't see why anyone would ever actually buy plex in game....


I wish i was stupid and privileged like you


Wow, the basics of the time value of money go over some people's head. You can earn $10.95 in an hour of work IRL. Can you earn enough to buy month's plex in game in an hour of play time? A simple yes or no answer will do.

If you think earning $10.95 an hour makes a person privileged, you need to spend less time playing video games and more time studying to prove you're worth a better job.

Jesus, kid....

In my country i have to work about 6 hours to make 10 dollars. You are privileged but too stupid to realise it, you also have a misconception that in order to make isk one needs to grind.

To answer your question, yes i can earn for a plex in one hour, my record was 2.3bil in about 2 hours. Its not something that happenes every day, i was lucky that time.
Tanuki Kittybeta
Ripperoni in Pepperoni
#27 - 2017-05-22 10:46:09 UTC
hi guys i dont know much about market stuff but this thread tells me to buy it so im gonna buy some now
Lulu Lunette
Savage Moon Society
#28 - 2017-05-22 12:02:21 UTC
PLEX costs have risen so much that it's outpaced how fast I can make money through PI and with having a RL wardec ATM I guess it's working as intended that I resubscribed last night 😁

Oh and now investing in PLEX is so much easier in smaller chunks like this so now I'm treating it like my space 401k! 😊

@lunettelulu7
Matthias Ancaladron
Imperial Shipment
Amarr Empire
#29 - 2017-05-22 21:01:18 UTC
Thomas Lot wrote:
This is basic economic theory.

By adding the small skill injector option, CCP is increasing demand for the skill extractors which are only available through PLEX purchases in the New Eden Store. The increased demand for PLEX will result in an additional increase in PLEX prices which are already being inflated to the point of insanity since the PLEX split.

Prediction: Before the winter, it will cost 2 Billion ISK for one month of Game Time.


I predicted 2b Plex prices weeks ago.
Please take your number and wait in the outrage line behind me thank-you.
Teckos Pech
Hogyoku
Goonswarm Federation
#30 - 2017-05-22 21:15:13 UTC  |  Edited by: Teckos Pech
Thomas Lot wrote:
This is basic economic theory.

By adding the small skill injector option, CCP is increasing demand for the skill extractors which are only available through PLEX purchases in the New Eden Store. The increased demand for PLEX will result in an additional increase in PLEX prices which are already being inflated to the point of insanity since the PLEX split.

Prediction: Before the winter, it will cost 2 Billion ISK for one month of Game Time.


You should move beyond basic economic theory.

When a change in policy or the like is announced ahead of time, the price effect tends to show up right after the announcement. For example, if CCP announced that a certain faction item was going to drop much less frequently, say only 1/10th as much, we’d see the price of that good go up immediately, not when the effect actually takes place. The reason for this is that people are forward looking and they now know something about the future with certainty and thus when something is going to become more scarce those items around today also become more valuable.

So all these prognostications regarding PLEX prices going to 2 billion….why aren’t we seeing it right now? What is preventing this from happening? After all, if the price of PLEX is going to hit 2 billion in a few months, why are people not buying them up now and thus driving the price up to 2 billion in short order?

"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
Blade Darth
Room for Improvement
Good Sax
#31 - 2017-05-22 21:17:18 UTC
I predict 3-4b if we don't get better npc AI/ reworked sites (capital rats in anoms or something) and current trend of "not enough destruction" continues.

Omen Navy Issue Tutorial
Teckos Pech
Hogyoku
Goonswarm Federation
#32 - 2017-05-22 21:25:39 UTC
Blade Darth wrote:
I predict 3-4b if we don't get better npc AI/ reworked sites (capital rats in anoms or something) and current trend of "not enough destruction" continues.


I fail to see the logic here....

"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
Sonya Corvinus
Grant Village
#33 - 2017-05-22 22:05:29 UTC
Don Pera Saissore wrote:
In my country i have to work about 6 hours to make 10 dollars. You are privileged but too stupid to realise it, you also have a misconception that in order to make isk one needs to grind.

To answer your question, yes i can earn for a plex in one hour, my record was 2.3bil in about 2 hours. Its not something that happenes every day, i was lucky that time.


"privileged". I moved 2,500 miles away from my family on my own to find a better job, and worked 90 hour weeks for years to put myself through school to prove I deserve a better job. If that makes me privileged, then fine.

I also didn't play video games when doing that. If you are in a position where you have to work 6 hours to make ten dollars, you shouldn't be playing video games. That was kind of my point.
Indahmawar Fazmarai
#34 - 2017-05-22 22:23:21 UTC
Sonya Corvinus wrote:
Don Pera Saissore wrote:
In my country i have to work about 6 hours to make 10 dollars. You are privileged but too stupid to realise it, you also have a misconception that in order to make isk one needs to grind.

To answer your question, yes i can earn for a plex in one hour, my record was 2.3bil in about 2 hours. Its not something that happenes every day, i was lucky that time.


"privileged". I moved 2,500 miles away from my family on my own to find a better job, and worked 90 hour weeks for years to put myself through school to prove I deserve a better job. If that makes me privileged, then fine.

I also didn't play video games when doing that. If you are in a position where you have to work 6 hours to make ten dollars, you shouldn't be playing video games. That was kind of my point.


Probably next time he shouldn't be born in places like Serbia, Bulgaria, Bolivia or Brazil, where the minimal wage is about 1.50 USD per hour.

...silly 'muricans... Roll
Sonya Corvinus
Grant Village
#35 - 2017-05-22 22:47:51 UTC  |  Edited by: Sonya Corvinus
Indahmawar Fazmarai wrote:
Probably next time he shouldn't be born in places like Serbia, Bulgaria, Bolivia or Brazil, where the minimal wage is about 1.50 USD per hour.

...silly 'muricans... Roll


Today I learned it's impossible for people to move.

Did you miss the part where I moved thousands of miles to have a shot at a good job? I moved thousands of miles with only what I could carry with me. One more time, if you can't afford $10.95/mo, stop playing video games and focus on your life.

But I forgot, I'm american, so there's no possibility I had a **** life for decades. Roll
Mr Epeen
It's All About Me
#36 - 2017-05-23 00:35:20 UTC  |  Edited by: Mr Epeen
Sonya Corvinus wrote:
Indahmawar Fazmarai wrote:
Probably next time he shouldn't be born in places like Serbia, Bulgaria, Bolivia or Brazil, where the minimal wage is about 1.50 USD per hour.

...silly 'muricans... Roll


Today I learned it's impossible for people to move.

Did you miss the part where I moved thousands of miles to have a shot at a good job? I moved thousands of miles with only what I could carry with me. One more time, if you can't afford $10.95/mo, stop playing video games and focus on your life.

But I forgot, I'm american, so there's no possibility I had a **** life for decades. Roll
The problem with people who grow up with privilege and entitlement (Trust me. You are one of them), is that they just don't get it. When you come to realize that your decades of **** life is still a level of luxury that much of the worlds people can never attain, you'll be one step closer to being a decent person.

Insulting people because they are less well off than you through no fault but being born elsewhere is lame. The whole point of PLEX purchase with ISK is because CCP gets it. Even though you don't. This is why you see threads like this.Game time with ISK is the only option for many, so they are concerned when the price jumps.

Mr Epeen Cool
Jenn aSide
Soul Machines
The Initiative.
#37 - 2017-05-23 02:05:53 UTC  |  Edited by: Jenn aSide
EVE is a western game with prices set in western currencies, if you can't afford it that's tough but no one owes you access to entertainment software.

Playing EVE if your minimum wage is $1.50 per hour would be like someone in my country playing EVE if it were $53 per month (for a yearly sub) then complaining about the price.
Nana Skalski
Taisaanat Kotei
EDENCOM DEFENSIVE INITIATIVE
#38 - 2017-05-23 10:13:19 UTC  |  Edited by: Nana Skalski
Rudolphus Indomitus
Viziam
Amarr Empire
#39 - 2017-05-23 11:51:35 UTC
As a new Eve player I have concerns with Plex and skill injectors
how can I know that when I buy skill injector or try to exchange Plex for Isk
i don't buy from goldfarmers that are forced to slave labor in sweetshops
Punisher Ofara
Amar Adventurers
#40 - 2017-05-23 13:42:19 UTC
I live in a "priviled country" and earn a respectable salary of a well-educated person in a permanent full-time job, but STILL I have to grind for PLEX in-game. What? The expenses of running a family are so high that I simply don't have fifteen bucks to spend on a computer game each month. But hey, I like the grind, I like spending my life watching space rocks melt through the MIGHTY POWER of my mining lasers!!! Or talk to those fine people that are NPC agents, or play the 0.01 ISK reaction-game with my fellow players. Or haul goods - no - numbers(!) in my virtual spaceships through gate after gate.

THAT, is what Eve for me is all about. Hard work.

Enjoy it, or CRY and enjoy it. Your choice.