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PLEX prices about to plummet?
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Heila Loran
Doomheim
#101 - 2012-04-30 12:11:02 UTC  |  Edited by: Heila Loran
Incursion income (and other comparable mainstream feature income) is basically the minimum wage of EVE. The time it takes to fund an account at minimum wage always has to be constant. A massive amount of players seem to be paying for their accounts with PLEX while earning their ISK at minimum wage. If minimum wage increases PLEX price has to increase because otherwise a huge amount of players would switch from RL money to PLEX for funding their accounts. If minimum wage decreases PLEX price also has to decrease because otherwise a huge amount of players would switch from PLEX to RL money.

Among the players who use PLEX for subscription incursion runners have to use the largest share of their income to buy PLEX. On the other hand there are the in-game rich players which use methods of earning ISK that are way more effective than incursions. Those players often have like 10 to 30 accounts. Those accounts are funded with PLEX and the players don’t even notice it in their wallet. They would keep those accounts even if PLEX rises to 1b ISK. However at that rate most incursion runners would have switched to a RL money subscription.
Johnny Frecko
Federal Navy Academy
Gallente Federation
#102 - 2012-04-30 12:49:30 UTC
Heila Loran wrote:
Stuff


Incursions isn't even close to minimum wage in eve.
It's not even close to the minimum wage of plex-buying players.

Nor can you even say there's a "minimum" wage, as that changes heavily based on skillpoints, active time playing a day and experience(add to that personal education, IQ etc.)

Incursion income is "tiny" as was said before. CCP did mention that bounties from missions are WAY greater(they even shoed by how much, but i can't be bothered to re-check).
So if *most* people mine and run missions in eve, that means that those are "most" of the people that buy plex.
We also know that the plex market is roughly 25-30% of the eve's market volume.
that would also mean that according to people's expectations - Incursion pilots should have been buying roughly 4 plex per month to explain such demand.

Incursions are *semi* responsible to high plex prices, The inflation itself and the increase in the agregated demand is far more meaningful.

tl;dr incursions won't magically lower plex prices. nor did they magically increase it.
corestwo
Goonfleet Investment Banking
#103 - 2012-07-05 15:00:33 UTC
so we're over three months later now. where's the plummet? ccp took my money and i'm space poor so i was really looking forward to cheap plexes SadSadSad

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

fofofo
Private Pineapple
Brutor Tribe
Minmatar Republic
#104 - 2012-07-05 16:01:20 UTC
corestwo wrote:
so we're over three months later now. where's the plummet? ccp took my money and i'm space poor so i was really looking forward to cheap plexes SadSadSad


You are a thread necromancer? You'll be hearing from my henchmen soon.

You will be dealt with.

.
corestwo
Goonfleet Investment Banking
#105 - 2012-07-05 16:03:34 UTC
Bring it on.

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

fofofo
JohnathanGalt
Northern Sky Industries
#106 - 2012-07-05 17:33:54 UTC
It looks like the cheapest PLEX in Jita right now is 477 million. So that is a drop of 4.6% since the thread was started. Still no causation proven AT ALL. OP took a wild guess, put no conditions on it, and is currently correct. Who says what next week will bring though.
Bethany Ring
Perkone
Caldari State
#107 - 2012-07-08 14:44:41 UTC
JohnathanGalt wrote:
It looks like the cheapest PLEX in Jita right now is 477 million. So that is a drop of 4.6% since the thread was started. Still no causation proven AT ALL. OP took a wild guess, put no conditions on it, and is currently correct. Who says what next week will bring though.

I think you are using the definition of plummet incorrect. OP is was not correct at all.

plum·met (plmt)
n.
1. See plumb bob.
2. Something that weighs down or oppresses; a burden.
intr.v. plum·met·ed, plum·met·ing, plum·mets
1. To fall straight down; plunge.
2. To decline suddenly and steeply: Stock prices plummeted

Great spirits have always found violent opposition from mediocrities. The latter cannot understand it when a man does not thoughtlessly submit to hereditary prejudices but honestly and courageously uses his intelligence. [u]Albert Einstein[/u]
DarthNefarius
Minmatar Heavy Industries
#108 - 2012-07-08 18:13:47 UTC
Retar Aveymone wrote:
i predict plex will go up

at some time in the indefinite future


Looks like your prediction so far is FAIL P PLEX prices are stuck in the 470-490 area for the past few months.
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'
Simi Kusoni
HelloKittyFanclub
#109 - 2012-07-09 02:07:17 UTC
DarthNefarius wrote:
Retar Aveymone wrote:
i predict plex will go up

at some time in the indefinite future


Looks like your prediction so far is FAIL P PLEX prices are stuck in the 470-490 area for the past few months.

Almost as bad as your predictions concerning you unsubcribing over incursions.

burrrrrrrrrrrrrrrrrrrrrrrrrrrrrrn.

[center]"I don't troll, I just give overly blunt responses that annoy people who are wrong but don't want to admit it. It's not my fault that people have sensitive feelings"  -MXZF[/center]
Kalel Nimrott
Caldari Provisions
#110 - 2012-07-09 07:35:01 UTC
DarthNefarius wrote:
Retar Aveymone wrote:
i predict plex will go up

at some time in the indefinite future


Looks like your prediction so far is FAIL P PLEX prices are stuck in the 470-490 area for the past few months.


Biomass yourselve already!!!!!!

Bob Artis, you will be missed.

O7
Daniel Plain
Doomheim
#111 - 2012-07-09 13:47:37 UTC
Simi Kusoni wrote:
DarthNefarius wrote:
Retar Aveymone wrote:
i predict plex will go up

at some time in the indefinite future


Looks like your prediction so far is FAIL P PLEX prices are stuck in the 470-490 area for the past few months.

Almost as bad as your predictions concerning you unsubcribing over incursions.

burrrrrrrrrrrrrrrrrrrrrrrrrrrrrrn.

i approve this post

I should buy an Ishtar.