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blankseplocked STOP THE DEFLATION OF PLEX!!
 
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Seraph Castillon
Gallente
Posted - 2009.08.25 19:29:00 - [31]
 

Edited by: Seraph Castillon on 25/08/2009 19:28:52
The lower the better for me. The only thing that confuses me is that they had to skyrocket to 400m first, only to plummet down at an even faster face after that.

Red Emma
Gallente
Posted - 2009.08.25 19:59:00 - [32]
 

Originally by: Karanth
It's ok, I just went and probed out a PLEX plex, and using my hacking mods I uncovered a cache of PLEX!!! So now you know there are lots of PLEX now to solve this shortage of PLEX you were talking about OP!

Just came back from the market after unloading them all for a cool 200mil each. YARRRR!!




Yo dawg, we heard you like PLEX.

Malcanis
Caldari
Vanishing Point.
The Initiative.
Posted - 2009.08.25 20:51:00 - [33]
 

Originally by: Seraph Castillon
Edited by: Seraph Castillon on 25/08/2009 19:28:52
The lower the better for me. The only thing that confuses me is that they had to skyrocket to 400m first, only to plummet down at an even faster face after that.


Actually they peaked at ~450 or so.

I sold mine @400-410. I should have waited another week Embarassed

Nyota Sol
Center for Advanced Studies
Posted - 2009.08.25 22:31:00 - [34]
 

People need to take a step back and see that PLEX serves multiple functions.

PRIMARY: buying subscription time using ISK
SECONDARY: getting ISK with real $ currency
TERTIARY: a commodity that can be "bought low, sold high"

Clearly a lot of people have the first two reversed in their minds. These are the people who likely think the "current price" of PLEX is determined by the Sell Orders. Such people may currently be inclined to believe PLEX are "too cheap" and can't be sustained at lower prices. Wrong.

Most of the careful observers I've seen all agree that PLEX could dip into the low 200s and find stability in that range, regardless of the moans from those who buy ISK with real $$.

The PLEX market could likely be stable at a variety of prices.

However, like it or not, the supply of PLEX is double what it was 2 months ago and PLEX usage (for subs) appears to be flat. This naturally puts prices in the hands of buyers... of those interested in LOW prices.

My advice to people sitting on a bunch of PLEX used as investment is to EITHER sell right now or decide to wait 3-4 months. I'm not convinced prices will ever go back up above 300m significantly, but I can see how it could be possible in a couple months if PLEX usage starts growing again.

Agallis Zinthros
Amarr
Posted - 2009.08.25 23:29:00 - [35]
 

As someone who pays their subscription by buying PLEX at the end of every month, I'm a lot happier with the new prices, and I intend to buy one in a few days if they stay at this price.

Seraph Castillon
Gallente
Posted - 2009.08.25 23:46:00 - [36]
 

Originally by: Nyota Sol
I'm not convinced prices will ever go back up above 300m significantly


That's a bald statement considering the fluctuations that plex prices have undergone in the past year alone. It only takes a few months for the price to shift 100m in any direction. The only real assumption anyone can make is that it will keep going down and once it's done doing that it will go up again. How far down and definatly how far up is something that's hardly predictable because it depends on too many variables.

Rotnac
Caldari
GoonWaffe
SOLODRAKBANSOLODRAKBANSO
Posted - 2009.08.26 01:39:00 - [37]
 

As a guy who buys PLEX to pay for his account, I love the ever-lowering prices.

Nyota Sol
Center for Advanced Studies
Posted - 2009.08.26 01:56:00 - [38]
 

Edited by: Nyota Sol on 26/08/2009 01:56:37
Originally by: Seraph Castillon
Originally by: Nyota Sol
I'm not convinced prices will ever go back up above 300m significantly


That's a bald statement considering the fluctuations that plex prices have undergone in the past year alone. It only takes a few months for the price to shift 100m in any direction. The only real assumption anyone can make is that it will keep going down and once it's done doing that it will go up again. How far down and definatly how far up is something that's hardly predictable because it depends on too many variables.


The one time they significantly went above 300m was by rabid speculation and market manipulation

The previous item(s) had much cheaper costs for 30 days of eve

Current plex supplies are more than double what the market supports

Markets tend to set ceilings and floors at big round numbers, and once plex shows strong demand in the 200s then it may be hard to imagine people ready to BUY plex at 300m at the same rates

I think that if the prices drop enough, the demand to USE plex will increase significantly and thus imply demand levels that the higher prices cannot support

Icychorria
Amarr
WaHnSiNn IsT ReLaTiV
Legiunea ROmana
Posted - 2009.08.26 03:18:00 - [39]
 

I've seen too many of the same threads posted on the attempts for market collusion, regardless whether the products of discussion are minerals or in this case, PLEX's.
While many OP's of this topic have mistakenly dismissed the laws of real world economics in a virtual economy like Eve, the laws and principles of any dynamic economy are at work and actually hold dominion over the market forces in Eve, not the individual players!

For instances, Eve's economy can be arguably compared to a market model known as a "Perfectly Competitive" system, whereby:

1) There are many buyers and sellers that act independently of one another, and due to their relatively small representation of the market, have no influence in price at all.

2) Products are homogenous in Eve Online, with no distinguishable features in products other than what lies in the disguise of price. In other words, there are no single entities that can claim ownership to a unique or otherwise recognizable brand-name product (be it rigs or PLEX's). Hence there can be no specific qualities that would otherwise warrant the differences in price between Seller A's PLEX versus Seller B's PLEX.

3) Buyers and sellers have access to relevant information and find confidence in knowing that all products are inherently derived from the same pool of raw materials, despite the many forms of acquisition.

4) Buyers and sellers have relatively no barriers to entry and exit, other than the basic recognition of the value of ownership and the decision to extrapolate profit.

Accordingly, players seeking to sell their goods in Eve Online must bear allegiance to the practice of pricing their goods at market equilibrium, as the marginal revenue curve in a perfect competition follows the demand curve. If a player decides to drive up the price of a specific good or item, buyers simply may choose to take their business elsewhere.

In that regard, sellers in Eve’s market economy are price takers, and buyers are price searchers. The forces at play will eventually establish its own market equilibrium in response to any shifts in aggregate demand and supply from the activities of both price takers as well as price searchers.

Lanais Suleia
Posted - 2009.08.26 03:27:00 - [40]
 

Originally by: Rotnac
As a guy who buys PLEX to pay for his account, I love the ever-lowering prices.


Ditto. I just got another 4 months gametime for 1bn. Sweet.

DarthCaboose
Posted - 2009.08.26 06:00:00 - [41]
 

Lots of people here are saying "It's the lack of demand" as the reason for the deflation. However, PLEXs are finding that all-too-important equilibrium right now with the supply curve; people won't be getting PLEXs if they know they'll be selling them at a lower price. How low that will go remains to be seen...

Personally, I'm loving the dropping prices. Wonder if they'll ever hit the 200 million mark?

Kuolematon
Space Perverts and Forum Warriors United
Posted - 2009.08.26 09:25:00 - [42]
 

I made stupid buy order for 50 PLEXes before bans and left EVE.. I was happily buying PLEXes for 285m pop MadMadMad

Veloletum
Caldari
Moonlit Toxicity
Posted - 2009.08.26 09:29:00 - [43]
 

HAHA so much fun reading all of your posts, making such a huge deal out of my post. Simply i woulda liked to see one person back myself up. But eh, whatever life is unfair ;] Had fun reading all of your posts thanks for a good 20-30 minutes Very Happy

Veloletum
Caldari
Moonlit Toxicity
Posted - 2009.08.26 09:52:00 - [44]
 

and another thing to add. :D If your in need of PLEX give me a Eve-Mail ;)

Chantilly Layce
Proper Villains
Posted - 2009.08.26 10:34:00 - [45]
 

Look at those PLEXies plummet!! Woot!


Nif Makria
Caldari
Eve Engineering Finance
Posted - 2009.08.26 15:04:00 - [46]
 

buyers and sells dont really mind what price they goto - as for the past few weeks the profit has always been around 6m-8m per plex.

So even at sell 300m the buy was 294m at sell 310m the buy was 294m

- basically no matter what the price traders are getting the same profit... so trying to get the traders to club together isnt going to work.

Poreuomai
Minmatar
Mirkur Draug'Tyr
Ushra'Khan
Posted - 2009.08.26 16:12:00 - [47]
 

Originally by: Martosh Toma
Everyone needs to stop giving in to the sell orders of plex and get prices to below 200m, biding more will get you your game time now yes, but it also will result in prices staying high. Everyone needs to band togeter to get prices low!


This. Very Happy

Kerfira
Kerfira Corp
Posted - 2009.08.26 23:39:00 - [48]
 

Posting in a thread where the OP doesn't understand the basic Economy 101 concepts of 'supply and demand'....

There is a very easy way for you to force prices up: Start buying a lot of PLEX yourself Cool

A lot of people were enticed over the summer to try to cash in on the high PLEX price, and bought lots of them to sell. Then one of the biggest customers (the farmers) got the ban-stick, and lo-and-behold, summer (which is a high-point for PLEX buying) ended!

One of these were predictable!

My guess is that you didn't correctly predict that summer would end, and that PLEX prices would soon be dropping.

What does that make you?

Arres Everdark
Posted - 2009.08.27 04:18:00 - [49]
 

Well if PLEX becomes low 200m, then people will be tempted to start buying ISKs illegally. I wonder what would happen then?

Kitchie
Gallente
Vikramaditya
Posted - 2009.08.27 05:08:00 - [50]
 

I suspect the demand for PLEXes will be limited for while.

In order to buy PLEX, players need surplus ISK and I suspect that a proportion of that surplus ISK was sitting in EBANK accounts. But now they can't get their ISK out and so for some people, funding their PLEX purchases has suddenly become much more difficult.

No research, facts or anything behind that, just a hunch :)

Kerfira
Kerfira Corp
Posted - 2009.08.27 07:49:00 - [51]
 

Originally by: Kitchie
...and I suspect that a proportion of that surplus ISK was sitting in EBANK accounts....

The amount of ISK locked up in EBANK is minuscule compared to the total amount of ISK in EVE. It'll have next to no effect.

LaVista Vista
Conservative Shenanigans Party
Posted - 2009.08.27 08:00:00 - [52]
 

Originally by: Kerfira
Originally by: Kitchie
...and I suspect that a proportion of that surplus ISK was sitting in EBANK accounts....

The amount of ISK locked up in EBANK is minuscule compared to the total amount of ISK in EVE. It'll have next to no effect.


I second this.

K'rik
Posted - 2009.08.27 08:08:00 - [53]
 

Originally by: Veloletum
Everyone needs to stop giving in to the buy orders of PLEX and keep your prices above 300Mil, lowering your prices will get your plex sold yes, but it also will result in prices staying that low. Everyone needs to band together to keep the prices high!!


Oh well, since some random person ranted on the forum I will do exactly as I'm told - phew, you sure told me - that's a lesson learnt.

Veloletum
Caldari
Moonlit Toxicity
Posted - 2009.08.27 12:05:00 - [54]
 

Haha, well rant and grief all yall want, im still selling PLEX and making ISK regardless. :) keep it coming

Drykor
Minmatar
Aperture Harmonics
K162
Posted - 2009.08.27 14:35:00 - [55]
 

When GTC's would be back down to 400m for 90days (i.e. about 133m for a plex) you would have had a point.

Kalrand
GoonWaffe
Goonswarm Federation
Posted - 2009.08.27 14:58:00 - [56]
 

Originally by: Drykor
When GTC's would be back down to 400m for 90days (i.e. about 133m for a plex) you would have had a point.


uh... isnt a GTC for 60 days?

Steve Thomas
Minmatar
Sebiestor Tribe
Posted - 2009.08.27 15:20:00 - [57]
 

Originally by: Veloletum
Originally by: Per Bastet
Your care bear Tears are Delicious.


WinkIf only she knew Cool
Positive sec status is as pos sec status does.


Steve Thomas
Minmatar
Sebiestor Tribe
Posted - 2009.08.27 15:31:00 - [58]
 

Edited by: Steve Thomas on 27/08/2009 15:49:40
Originally by: Arres Everdark
Well if PLEX becomes low 200m, then people will be tempted to start buying ISKs illegally. I wonder what would happen then?


Then CCP continues to do what its always done. randomly Negative balance any account they suspect of buying plex from accounts that they suspect are engaged in farming. then occasionaly wake up and pretned they did a massive banhammer attack that catches about 20-30% of the accounts used as if it was a great victory Rolling Eyes

Steve Thomas
Minmatar
Sebiestor Tribe
Posted - 2009.08.27 15:48:00 - [59]
 

http://www.eveonline.com/devblog.asp?a=blog&bid=684

read the dev blog

you will see that up untill that point the rate of used plex to created plex was roughly 800 to 1000. at the time of that blog the typical plex that was being converted to game time was created 17 days ago, and any plex created that day would on average be "used" 21 days later.

or to put it another way Most of the plex that exists is in the hands of idiots who dont get that < 2400 accounts are the sole source of any plex demand that exists out of 208,000 payed accounts.

yet the estimated RMT value from EVE online would equate to more than 100k accounts every month. . .

now do you get why I treat any coment about how Plex for ISK as any kind of solution to the RMT problem as comeing from a total idiot?

Private Bank
Posted - 2009.08.27 15:48:00 - [60]
 

no my problem you need to use REAL MONEY to get isk, and not can earn the isk by yourself. i got one thing to say: LEARN IT!!!


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