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srly? 1500m for a old plex?
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Regulus Scyssor
Libertalia.
#1 - 2017-07-09 22:02:22 UTC  |  Edited by: Regulus Scyssor
Miniplex brings a infernal volatility to monthly payment. It is very easy for a miniplex to raise a million in the market, but that is equivalent to raising 500 million the monthly game lisence, the worst of all is that nothing tells us that the plex is not going to raise another million in a couple of months

The obvious solution is devaluate plex, but I think another sugesttion: lower the number of plex necessary to pay a month of play, 300 or 350 maybe... Stability game is threatened if you add nerfs mechanics and plex high values

Venture is love
Tuttomenui II
Aliastra
Gallente Federation
#2 - 2017-07-10 02:08:50 UTC
Players choose the price not CCP. Why would they decrease it from 500? PLEX is as valuable as someone is willing to pay for it. Plus higher demand will increase that price.

Working as intended.
Netan MalDoran
School of Applied Knowledge
Caldari State
#3 - 2017-07-10 02:57:56 UTC
People for the most part are still going to treat 500 nuPLEX the same as an older PLEX. When you say "its easier for plex to be 1 mil more now" is the same as saying 'its easy for old plex to just increase by 400 mil". Same thing. There would be an expected inflation in price to a small extent as more people can use and buy plex, but thats about it.

"Your security status has been lowered." - Hell yeah it was!

Falcon's truth
Valdr Auduin
Sebiestor Tribe
Minmatar Republic
#4 - 2017-07-10 08:20:39 UTC
I've been hearing talk of "investors" buying up nuPLEX and holding to force the price up more rapidly.
Coralas
Center for Advanced Studies
Gallente Federation
#5 - 2017-07-10 09:21:50 UTC
Valdr Auduin wrote:
I've been hearing talk of "investors" buying up nuPLEX and holding to force the price up more rapidly.


Its been happening since plexes existed.

Thomas Lot
Spatial Forces
Warped Intentions
#6 - 2017-07-10 12:50:15 UTC
This was very predictable from an economics standpoint. Stock-splits result in a rise in price of the original stock in a majority of cases. Especially since there is not an alternative.

Prediction: 4 Million / nuPlex by Winter expansion.
Agondray
Avenger Mercenaries
VOID Intergalactic Forces
#7 - 2017-07-10 15:35:22 UTC
they advertise what you would get as a plex if you bought it as 440 plex +60 free plex for 19.99. they try and make it sound like you are getting a great deal than what you did before buying 1 plex for the same price

"Sarcasm is the Recourse of a weak mind." -Dr. Smith
Mr Epeen
It's All About Me
#8 - 2017-07-10 15:40:54 UTC
Tuttomenui II wrote:
Players choose the price not CCP.
That's certainly true...as far as it goes.

Should say a certain number of players. As in, not players in general. Only the market manipulation players. The ones that can afford to sit on hundreds of thousands of PLEX.

They're the ones that set the market price.

Mr Epeen Cool
Matthias Ancaladron
Imperial Shipment
Amarr Empire
#9 - 2017-07-10 16:02:24 UTC
Thomas Lot wrote:
This was very predictable from an economics standpoint. Stock-splits result in a rise in price of the original stock in a majority of cases. Especially since there is not an alternative.

Prediction: 4 Million / nuPlex by Winter expansion.


That's what I predicted months before the update.
And people told me I had no idea what I was talking about and asked for my figures and i told them it was common sense the prices would sky rocket to 3-4m.


Either was it's unacceptable as I rely on Plex to play the game. 2b a month is too much, 1b is constant grinding as is. They need to seriously buff faction spawns or bounties and general loot drops if they expect people to simply not quit at those prices who can't pay for subscription. The easiest fix is just add a market cap of 2m. It cant be sold on market above 2m a unit.
Memphis Baas
#10 - 2017-07-10 18:13:09 UTC
Yeah market price cap, rofl. That'll work.
Valdr Auduin
Sebiestor Tribe
Minmatar Republic
#11 - 2017-07-10 20:39:32 UTC
Matthias Ancaladron wrote:
Thomas Lot wrote:
This was very predictable from an economics standpoint. Stock-splits result in a rise in price of the original stock in a majority of cases. Especially since there is not an alternative.

Prediction: 4 Million / nuPlex by Winter expansion.


That's what I predicted months before the update.
And people told me I had no idea what I was talking about and asked for my figures and i told them it was common sense the prices would sky rocket to 3-4m.


Either was it's unacceptable as I rely on Plex to play the game. 2b a month is too much, 1b is constant grinding as is. They need to seriously buff faction spawns or bounties and general loot drops if they expect people to simply not quit at those prices who can't pay for subscription. The easiest fix is just add a market cap of 2m. It cant be sold on market above 2m a unit.

Nobody would sell.
Mara Pahrdi
The Order of Anoyia
#12 - 2017-07-10 21:28:53 UTC
Matthias Ancaladron wrote:
The easiest fix is just add a market cap of 2m. It cant be sold on market above 2m a unit.

People would just stop selling on the market and switch to contracts.

Remove standings and insurance.
Teckos Pech
Hogyoku
Goonswarm Federation
#13 - 2017-07-10 21:34:10 UTC
Coralas wrote:
Valdr Auduin wrote:
I've been hearing talk of "investors" buying up nuPLEX and holding to force the price up more rapidly.


Its been happening since plexes existed.



Why? Attempts to corner markets in this manner tend to fail spectacularly.

"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
Dravos Tarimus
Sebiestor Tribe
Minmatar Republic
#14 - 2017-07-10 21:40:51 UTC
Valdr Auduin wrote:
I've been hearing talk of "investors" buying up nuPLEX and holding to force the price up more rapidly.

Space kulaks Lol

Dravos' Diary: A Newbie's Attempts To Git Gud
Teckos Pech
Hogyoku
Goonswarm Federation
#15 - 2017-07-10 21:41:37 UTC
Thomas Lot wrote:
This was very predictable from an economics standpoint. Stock-splits result in a rise in price of the original stock in a majority of cases. Especially since there is not an alternative.

Prediction: 4 Million / nuPlex by Winter expansion.


Stock splits in and of themselves do not result in price increases. The fact that the price might have been high which lead the Board of Directors to split the stock may indicate strong growth potential leading to higher prices post split. But the split itself is not really a significant factor. It is like saying you cut each piece of cake in half so now you have more cake...no, you don't.

"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
Mr Epeen
It's All About Me
#16 - 2017-07-10 21:42:36 UTC
Teckos Pech wrote:
Coralas wrote:
Valdr Auduin wrote:
I've been hearing talk of "investors" buying up nuPLEX and holding to force the price up more rapidly.


Its been happening since plexes existed.



Why? Attempts to corner markets in this manner tend to fail spectacularly.
You mean like De Beers?

The guys who buy up every diamond mine in the world so they can sit on their stock and trickle shiny stones into the market for $2,000.00 to $200,000.00 that they paid a nickle for?

Yeah...that never works.

Mr Epeen Cool
Dravos Tarimus
Sebiestor Tribe
Minmatar Republic
#17 - 2017-07-10 21:42:58 UTC  |  Edited by: Dravos Tarimus
Tuttomenui II wrote:
Players choose the price not CCP. Why would they decrease it from 500? PLEX is as valuable as someone is willing to pay for it. Plus higher demand will increase that price.

Working as intended.

I don't think OP is complaining about the mechanics of the free market. Rather, I think OP is complaining that the change in PLEX mechanics by CCP has resulted in more volatility in PLEX prices.

Dravos' Diary: A Newbie's Attempts To Git Gud
Teckos Pech
Hogyoku
Goonswarm Federation
#18 - 2017-07-10 21:49:59 UTC
Mara Pahrdi wrote:
Matthias Ancaladron wrote:
The easiest fix is just add a market cap of 2m. It cant be sold on market above 2m a unit.

People would just stop selling on the market and switch to contracts.


Yup. I have never understood why people prefer no PLEX at all vs. PLEX at a high price. Talk about cutting off one's nose to spite one's face.

Why could the price of PLEX be going up? PLEX are taking over for Aurum. Gee...increased demand can never ever lead to an increase in the price. That is just crazy talk. So much better to posit a grand conspiracy that is manipulating the price of PLEX.

For those who believe the conspiracy theory....tell me this: how do you unwind a multi-trillion ISK position in PLEX with out crashing the market or even just seeing the price start to decline? That has always been the problem when trying to corner a market. You buy up a mega-crap-ton of the commodity and the price goes up. You are now richer...on paper. How do you convert those paper gains to real gains? That is how do you liquidate your stock of the commodity without dropping the price?

"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
Teckos Pech
Hogyoku
Goonswarm Federation
#19 - 2017-07-10 23:01:11 UTC
Mr Epeen wrote:
Teckos Pech wrote:
Coralas wrote:
Valdr Auduin wrote:
I've been hearing talk of "investors" buying up nuPLEX and holding to force the price up more rapidly.


Its been happening since plexes existed.



Why? Attempts to corner markets in this manner tend to fail spectacularly.
You mean like De Beers?

The guys who buy up every diamond mine in the world so they can sit on their stock and trickle shiny stones into the market for $2,000.00 to $200,000.00 that they paid a nickle for?

Yeah...that never works.

Mr Epeen Cool


You found one of the few exeptions...congratulations. Try looking up the Hunt Brothers, or Yasuo Hamanaka and what he left Sumitomo left holding in regards to copper, or Prosche's attempt to corner the market on Volkswagen shares. China also tried it with rare earth metals of which it produced about 97%. Like the previous examples it did not end like they thought when old closed mines were re-opened. Malaysia also tried to corner the market on tin, but had to abandon the attempt while suffering large losses.

And how exactly an one corner the market and drive up the price when people can buy PLEX for RL money and sell them in game?

"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
Mr Epeen
It's All About Me
#20 - 2017-07-10 23:17:24 UTC
Teckos Pech wrote:
Mr Epeen wrote:
Teckos Pech wrote:
Coralas wrote:
Valdr Auduin wrote:
I've been hearing talk of "investors" buying up nuPLEX and holding to force the price up more rapidly.


Its been happening since plexes existed.



Why? Attempts to corner markets in this manner tend to fail spectacularly.
You mean like De Beers?

The guys who buy up every diamond mine in the world so they can sit on their stock and trickle shiny stones into the market for $2,000.00 to $200,000.00 that they paid a nickle for?

Yeah...that never works.

Mr Epeen Cool


You found one of the few exeptions...congratulations. Try looking up the Hunt Brothers, or Yasuo Hamanaka and what he left Sumitomo left holding in regards to copper, or Prosche's attempt to corner the market on Volkswagen shares. China also tried it with rare earth metals of which it produced about 97%. Like the previous examples it did not end like they thought when old closed mines were re-opened. Malaysia also tried to corner the market on tin, but had to abandon the attempt while suffering large losses.

And how exactly an one corner the market and drive up the price when people can buy PLEX for RL money and sell them in game?
1) You only need one exception to disprove a generalization. But if you want more, look for them. They're there.
2) You are seriously dedicated to spend hours scouring Google for examples to prove your overly broad statement.


Mr Epeen Cool
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