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PLEX prices about to plummet?
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Hamaa Kazula
Perkone
Caldari State
#41 - 2012-04-18 10:26:51 UTC
corestwo wrote:
Plexes are now solidly above 500m/unit.


Just thought I'd put that here so that our OP can continue to look silly.


Solidly above 500m you say? Not in Jita.
Kara Books
Deal with IT.
#42 - 2012-04-19 04:16:32 UTC
Hamaa Kazula wrote:
corestwo wrote:
Plexes are now solidly above 500m/unit.


Just thought I'd put that here so that our OP can continue to look silly.


Solidly above 500m you say? Not in Jita.


they will PROBOBLY dip into 470 in the coming days, but there is also a chance they will instead spike to 520 and back to 500

Its unstable short term. long term expect 500 without further intervention.
corestwo
Goonfleet Investment Banking
#43 - 2012-04-19 04:49:36 UTC
Hamaa Kazula wrote:
corestwo wrote:
Plexes are now solidly above 500m/unit.


Just thought I'd put that here so that our OP can continue to look silly.


Solidly above 500m you say? Not in Jita.


http://i.imgur.com/vOQYQ.png

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
Hamaa Kazula
Perkone
Caldari State
#44 - 2012-04-19 05:12:19 UTC
corestwo wrote:
http://i.imgur.com/vOQYQ.png


Don't forget those pesky buy orders. People sell to those too. lol
corestwo
Goonfleet Investment Banking
#45 - 2012-04-19 05:45:47 UTC
Roll

Clearly we differ in opinion on what "above 500m" means.



They still haven't plummeted though. Lol

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
Hamaa Kazula
Perkone
Caldari State
#46 - 2012-04-19 06:31:40 UTC
corestwo wrote:
Roll

Clearly we differ in opinion on what "above 500m" means.



They still haven't plummeted though. Lol


They will. And when they do ill send you an evemail to let you know about it.
Moto Akimoto
Tengu and Cash
#47 - 2012-04-19 11:26:08 UTC  |  Edited by: Moto Akimoto
In the short term PLEX prices can decrease but in the long term and IFF CCP doesn't somehow make any drastic changes, PLEX will only continue to increase in value.

According to Dr E's presentations in the last few Fanfest, more and more players are using PLEX to sub their accounts. Assuming that the transition point from subscribing with Credit Card to using PLEX is 10M-30M skill points (at which point the character is self sustaining), this means that EVE needs an ever increasing number of new players to supply PLEX to the market.

Dr E also stated that many new players quit during the first 3 months of play. This leaves a very small timeframe of 3-6 months of when a player is most likely to purchase PLEX with cash to supply this market.

Now as far as I know, veteran players who generate plenty of ISK with their accounts have no need or motivation to balance this equation. Even if the player is a highly skilled PLEX trader, why would he/she purchase PLEX with his Credit Card if there is no way to cash out once again? ( It's a roach motel model )

CCP could make all the threats they want about intervening in the PLEX market if prices get too high but the foundation is still the same. Even if CCP where to unload the 10K+ PLEX which where confiscated from banned accounts, it would only make a dent for about a week. P

The question is: What will CCP do to counter the inevitable? How can they motivate veteran players to purchase PLEX with real cash?

TLDR: PLEX demand outstrips supply
Hamaa Kazula
Perkone
Caldari State
#48 - 2012-04-19 12:16:42 UTC  |  Edited by: Hamaa Kazula
Moto Akimoto wrote:
TLDR: PLEX demand outstrips supply


They are making some drastic changes.

- A huge nerf to incursions is coming. People will have less isk to spend on PLEX
- CCP is talking about a 10% reduction to npc bounties across the board. Same affect as above
- People that were buying isk from RMTers will move to converting GTCs to PLEX. Increases their supply
- If the bot banning campaign is successful there will be a significant dent in demand

Assuming that only new players sell PLEX for isk is dumb. You only have to go to eveboard to see numerous 80m+ SP chars with negative wallets to realize that many people, including vets, want isk without working for it. Now they'll have to flood the market with PLEX to get it and avoid a negative wallet balance.

They wont need to seed the 10k PLEX to drop prices. If they really needed to they could offer discounted PLEX deals like they have in the past.
Holy One
Privat Party
#49 - 2012-04-19 23:12:19 UTC
Moto Akimoto wrote:
The question is: What will CCP do to counter the inevitable? How can they motivate veteran players to purchase PLEX with real cash?

TLDR: PLEX demand outstrips supply


nerf incursions. job done.

:)
GreenSeed
#50 - 2012-04-20 00:10:37 UTC
Dandro Gaterau wrote:
That GFX card for 20x Plex was an evil trick by CCP to even make more money by selling overpriced Gfx cards and remove 2000 Plex from the game.

Now nearly every Plex ingame seems vanished and players who have to extend their account are forced to buy one from CCP instead from ingame. Double win for CCP Roll



why would anyone buy Plex to use as game time on your on account?


plex costs 19.95usd, while a month of game time 14.95
Dalden V
Yellow Lounge Industries
#51 - 2012-04-20 12:04:22 UTC
Hamaa Kazula wrote:


- A huge nerf to incursions is coming. People will have less isk to spend on PLEX
- CCP is talking about a 10% reduction to npc bounties across the board. Same affect as above



With the change in the drone regions that will replace done drops with ISK bounties, wouldn't that offset the ISK reductions you mention above?
Barakach
Caldari Provisions
Caldari State
#52 - 2012-04-20 12:25:30 UTC
GreenSeed wrote:
Dandro Gaterau wrote:
That GFX card for 20x Plex was an evil trick by CCP to even make more money by selling overpriced Gfx cards and remove 2000 Plex from the game.

Now nearly every Plex ingame seems vanished and players who have to extend their account are forced to buy one from CCP instead from ingame. Double win for CCP Roll



why would anyone buy Plex to use as game time on your on account?


plex costs 19.95usd, while a month of game time 14.95


But two or more plex only cost $17.50, so that's the price I would use to compare.
corestwo
Goonfleet Investment Banking
#53 - 2012-04-20 14:32:42 UTC
Barakach wrote:
GreenSeed wrote:
Dandro Gaterau wrote:
That GFX card for 20x Plex was an evil trick by CCP to even make more money by selling overpriced Gfx cards and remove 2000 Plex from the game.

Now nearly every Plex ingame seems vanished and players who have to extend their account are forced to buy one from CCP instead from ingame. Double win for CCP Roll



why would anyone buy Plex to use as game time on your on account?


plex costs 19.95usd, while a month of game time 14.95


But two or more plex only cost $17.50, so that's the price I would use to compare.


i'll have to get out my abacus and check but im pretty sure that $17.50 is still more than $14.95


but hey if there are people dumb enough to be paying for this game with real money maybe they're dumb enough to buy a gtc with real money to apply to their sub.

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
Vincent Athena
Photosynth
#54 - 2012-04-20 15:42:46 UTC
If you get a 12 month subscription its even cheaper: $10.95 per month. In fact for someone with multiple accounts and trying to PLEX them all, the cheapest way to switch to cash is to put one account on a 12 month sub.

I think CCP is looking at the inventory of PLEX in the game and trying to find a way to get it into circulation. There are many rich eve players sitting on mounds of PLEX simply because it seems a better place to store their wealth than ISK. The graphics card deal was to get people to think "I got all this PLEX. Maybe I should do something with it". Increasing the velocity of PLEX in the eve economy could bring down its price. But I do not think having a bunch leave the game for graphics cards really did that. It just reduced supply.

We will see if the incursion/RMT/bot nerfs have an effect. Even the drone dropping change could have an effect: It raises the price of minerals, encouraging more players to mine instead of rat or mission run. That reduces a faucet and adds a tiny sink (taxes from market transactions from selling the minerals).

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Amakre Ovyu
Federal Defense Union
Gallente Federation
#55 - 2012-04-21 01:29:10 UTC
Moto Akimoto wrote:
Dr E also stated that many new players quit during the first 3 months of play.

i wonder why
Hans Momaki
State War Academy
Caldari State
#56 - 2012-04-21 03:12:19 UTC
Amakre Ovyu wrote:
Moto Akimoto wrote:
Dr E also stated that many new players quit during the first 3 months of play.

i wonder why


Well, we all know why, don't we?
Hamaa Kazula
Perkone
Caldari State
#57 - 2012-04-21 03:32:26 UTC
CCP are now offering PLEX at discounted prices. More downward pressure on PLEX.
corestwo
Goonfleet Investment Banking
#58 - 2012-04-21 04:59:58 UTC
well it did finally push them under 500. congratulations, they fell, and all it took was something completely unrelated to any of your predictions!


e: And they're still only at the level they were at before they did the plex for graphics card offer. someone get me my popcorn!

This post was crafted by a member of the GoonSwarm Federation Economic Cabal, the foremost authority on Eve: Online economics and gameplay.

fofofo
DarthNefarius
Minmatar Heavy Industries
#59 - 2012-04-21 06:07:26 UTC
Holy One wrote:
Moto Akimoto wrote:
The question is: What will CCP do to counter the inevitable? How can they motivate veteran players to purchase PLEX with real cash?

TLDR: PLEX demand outstrips supply


nerf incursions. job done.



lol You are a fool i you think the nerfing o incursions will bring down prices. With Drone bounties more then supplanting the 10% o Incursion ISK we'll see the PLEX price will go up. Currently the PLEX prices are dropping below 500M ISK. When we see the ISK flooding the system 1 week after 24th expect to see the PLEX price jump back to 550+ againuntil bounties are getting the 10% nerf
An' then Chicken@little.com, he come scramblin outta the    Terminal room screaming "The system's crashing! The system's    crashing!" -Uncle RAMus, 'Tales for Cyberpsychotic Children'
Hamaa Kazula
Perkone
Caldari State
#60 - 2012-04-21 06:27:16 UTC
corestwo wrote:
well it did finally push them under 500. congratulations, they fell, and all it took was something completely unrelated to any of your predictions!


If the special offer on PLEX is the only factor driving their prices down then prices should jump back to 500m+ when the special offer finishes. I don't think it will. I guess we'll see soon enough.