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Ghoest
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Posted - 2011.06.22 04:23:00 -
[1]
I thought I had a handle on what to expect with plex prices.
What I didnt expect was so many players becoming upset once they saw the arum price tags(honestly I didnt expect $60 items to be thtre making them upset either.) In any case angry players are a new variable.
Wherever you went - Here you are.
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Tutskii
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Posted - 2011.06.22 04:31:00 -
[2]
It's not that players are upset or not. Its that confidence has been lost on the AUR model.
A lot of people bought plex to spend on these items. Those plex are back on market.
Others, bought plex to resell at a later date to people that wanted to spend on these items, those are back on market too.
And even others, bought plex to store, because they thought plex would be up due to increased demand.
Now that its obvious there will be no increased demand, the price collapsed. No anger involved.
Complete, and utter loss of faith, perhaps. Think CCP went off the deep end with this? Is it just hilariously terrible?
Don't tell them, tell massively! |
J'J'J'Jita
Ch'Ch'Ch'Chia Corp
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Posted - 2011.06.22 05:27:00 -
[3]
You're being too narrow-minded by focusing on my namesake's market. If you look at secondary market hubs, their sell orders were wiped out compared to just 36h ago and what has occurred was a great jita arbitrage. Even with that, the average price is slightly up. Couple that with some speculator overreaction to NEX prices, and it's been quite an interesting market today. There are a couple excellent short-term cycle opportunities before the inevitable long-term rise.
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Slavemaster
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Posted - 2011.06.22 06:51:00 -
[4]
Edited by: Slavemaster on 22/06/2011 06:55:29
Plex will go down to 320 in a matter of days. To believe for a sec that players will use plex to get AUR is just silly. - You buy stuff to show off to other players, not alone in your QQ
The only reason plex is this high is that people are desperately buying to keep the prices high.. And yes, they will fail
- If you are smart dump all plex now buy at 320, or even at 300
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RAW23
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Posted - 2011.06.22 07:45:00 -
[5]
Dumped mine at 385 after seeing the contents of the NEX. It wasn't just the prices but the general lack of choice that made me run from PLEX. Pitifully few clothing combinations for each gender will make the clothes unattractive even to those not put off by the price or the barbies in space concept. I mean, what's the point on spending money on clothing that will be exactly the same as the clothes everyone else will be wearing if they buy some, even if you can get over the fact that no one else will see you wearing them. This could be a deliberate move on CCP's behalf, though, as they can control plex prices more closely by drip-feeding new products into the store rather than offering something for everyone on day one.
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Vaerah Vahrokha
Minmatar Vahrokh Consulting
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Posted - 2011.06.22 09:48:00 -
[6]
That's what makes news trading so fickle. News sometimes shoot back.
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
Wyke Mossari
Gallente
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Posted - 2011.06.22 10:50:00 -
[7]
Well speculators were warned with all the subtlety of a brick in the face, but seeming choose to ignore that warning. You can expect PLEX to crash hard.
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Lederstrumpf
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Posted - 2011.06.22 11:17:00 -
[8]
Originally by: Tutskii A lot of people bought plex to spend on these items. Those plex are back on market.
+1 ... yet I'd argue most of them aren't back on market yet.
The weekend is still half a week ahead.
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Ludacrys
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Posted - 2011.06.22 11:28:00 -
[9]
1)People hoarding plex because of increased demand expectations, either to buy stuff or to resell 2)NEX Prices are ******ed nobody will buy anything from the store 3)Enjoy your 250m plex soon
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Kara Books
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Posted - 2011.06.22 11:29:00 -
[10]
Well, I can see the part where upwards pressure is highly unlikely on PLEX but crashing... The economy is to stable for a crash.
Perhaps they might fall to 350 but I highly doubt a crash, CCP looks to be doing a good job of keeping the market predictable and stable, atleast for the month that I have bin here.
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Patient 2428190
DEGRREE'Fo'FREE Internet Business School
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Posted - 2011.06.22 11:38:00 -
[11]
While I would love to ride on the "THE FORUMS HATE MICROTRANSACTIONS, PLEX WILL CRASH, DUMP YO GOODS (to my sell orders)" train, its not true.
Plex may fall slightly when the speculative bubble of Aurum/MT items bursts, but everybody's subscriptions that rely on PLEX still come due every month. Just like before, I'd wager a fair percentage of PLEX users will pay the ISK price no matter what it climbs to. ...Then when you stopped to think about it. All you really said was Lalala. |
Mu-Shi Ai
The Chrysalis Group
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Posted - 2011.06.22 13:47:00 -
[12]
Edited by: Mu-Shi Ai on 22/06/2011 13:50:44 It's becoming more and more clear that the whole WIS/NEX aspect of Incarna is a big bone being thrown to the RP crowd by CCP. I don't think they're expecting people to go out and purchase GTCs for the express purpose of turning the resulting PLEX into Aurum. They're creating this as an ISK sink for rich RP'ers who have literally billions sitting there serving no purpose whatsoever in their wallets. After all, MD has bonds and IPOs to keep (some of) that money busy, among MD-oriented players, while others have expensive PVP habits. What's out there to soak up that cash if you don't belong to groups like these? Vanity items! Expensive ones! Ones that will make you shell out for 4 PLEX if you want to obtain them!
CCP is either planning on reducing the cost of NEX vanity items in the future, or they don't expect to sell them to the average player. I think that's the dynamic we're working with. If Aurum prices don't come down, it'll be safe to say that the NEX market is just a niche for RP'ers, created by CCP. And hey, if you don't like it, you still have the game you knew before that you can play as you've always played it. A lot of people are getting butthurt over this, but there's a distinct possibility that CCP didn't really envision the average player buying these vanity items in the first place. They may just be trying to give rich people with unused billions something to finally spend them on. And why would they? If the ISK is just going to be burning a hole in their wallets otherwise, there's really nothing to lose.
In order for the average player who doesn't have billions burning a hole in his/her wallet to even think of converting a PLEX to Aurum, the PLEX prices will have to come down dramatically. Hopefully this will push down PLEX prices, but I'm not sure if it will have that effect necessarily. Because even 300m ISK PLEX would be pushing it for converting to Aurum at current prices for vanity items. It would have to come down even lower than that for the average player to buy in. I don't think PLEX will crash, but the prices will ultimately determine who NEX items are for in the game. My bet is on rich RP'ers with nothing better to spend their ISK on.
EDIT: In any case, at these Aurum prices, I don't think anybody can rationally accuse CCP of milking the players. The prices are too far out of whack for anybody at CCP to reasonably expect they'll become a popular purchase. Everything about this says that either (a) they are inflating prices briefly in order to keep people from buying up all the PLEX and dumping them into Aurum right away, or (b) this is intended to be niche RP from the outset. If they wanted everybody to get in on the action and really milk the players, each piece would be worth less than $10, set up to sell like hotcakes.
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RAW23
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Posted - 2011.06.22 13:52:00 -
[13]
Originally by: Mu-Shi Ai Edited by: Mu-Shi Ai on 22/06/2011 13:50:44 It's becoming more and more clear that the whole WIS/NEX aspect of Incarna is a big bone being thrown to the RP crowd by CCP. I don't think they're expecting people to go out and purchase GTCs for the express purpose of turning the resulting PLEX into Aurum. They're creating this as an ISK sink for rich RP'ers who have literally billions sitting there serving no purpose whatsoever in their wallets. After all, MD has bonds and IPOs to keep (some of) that money busy, among MD-oriented players, while others have expensive PVP habits. What's out there to soak up that cash if you don't belong to groups like these? Vanity items! Expensive ones! Ones that will make you shell out for 4 PLEX if you want to obtain them!
It can't be an isk sink as no isk is removed from circulation through buying something with aurum. The only thing that leaves the game is PLEX (as far as I can see in my current sleep-deprived semi-befuddled state).
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Krathos Morpheus
Legion Infernal
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Posted - 2011.06.22 14:06:00 -
[14]
Originally by: Mu-Shi Ai They're creating this as an ISK sink for rich RP'ers who have literally billions sitting there serving no purpose whatsoever in their wallets.
How is the isk destroyed (sinked) in the process? Quote: CCP is either planning on reducing the cost of NEX vanity items in the future, or they don't expect to sell them to the average player.
In the future, they planned for all the free clothes currently available to not be free, only one fixed set unless you buy more whenever you are podded. Quote: Hopefully this will push down PLEX prices, but I'm not sure if it will have that effect necessarily.
How will this push prices down in the long run if it is not decreasing how much PLEXes are consumed? I believe ccp has no idea on what they are doing, they probably pulled the destructible "pod clothing closet" in the last moment and they obscenely raised the prices to "compensate" that clothes were not going to be destroyed without even thinking how that prices compare to real things and in-game money value. I wouldn't be surprised if they looked at the podding rate of a pvp player along it's life and raised the price by that amount.
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Mu-Shi Ai
The Chrysalis Group
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Posted - 2011.06.22 14:17:00 -
[15]
Okay, so ISK is redistributed to people who are more likely to need it, then. In any case, it takes dead ISK out of wallets, in other words giving rich players who don't blow it all on PVP or MD metagaming-type stuff something to spend it on.
The demand for PLEX->Aurum will certainly be limited if PLEX prices remain as they are now. Again, only obscenely rich people with nothing else to spend their ISK on will partake. This could potentially work to push PLEX prices down, but like I said, I'm not going to predict that it will. A number of other factors play a role there.
The idea of losing the clothes if you got podded would have been stupid anyway. Would have been a nice boon, I suppose, to all the tycoon types who thought they were going to buy up tons of PLEX and start selling NEX gear for mad moneyz on the normal markets, but ultimately not very good for the players at large. Glad they did away with that idea.
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Ghoest
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Posted - 2011.06.22 15:11:00 -
[16]
What if 15% of the player base quits - how will that effect long term prices?
Im really not sure.
Wherever you went - Here you are.
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Mu-Shi Ai
The Chrysalis Group
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Posted - 2011.06.22 21:12:00 -
[17]
If 15% of the player base wants to quit over some stuff that doesn't change the functionality of the game and isn't required for them to purchase in the first place, then I think those people are stupid.
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Jamdown
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Posted - 2011.06.22 21:18:00 -
[18]
Originally by: Mu-Shi Ai If 15% of the player base wants to quit over some stuff that doesn't change the functionality of the game and isn't required for them to purchase in the first place, then I think those people are stupid.
+1
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Ludacrys
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Posted - 2011.06.22 23:14:00 -
[19]
Is CCP placing PLEX buy orders in jita to stop the price from collapsing? or is it a worried MD investor who thought he would sell his plexes at 500m isk by the end of the week? I see a 50 plex buy order in jita right now for 382m isk, which is something a sane person wouldnt do
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Candy Oshea
Amarr Techfree Investment Group
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Posted - 2011.06.22 23:23:00 -
[20]
what is the current Jita price? ___ iCandy Bonds
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Slavemaster
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Posted - 2011.06.23 06:08:00 -
[21]
Edited by: Slavemaster on 23/06/2011 06:13:33
Originally by: Ludacrys Is CCP placing PLEX buy orders in jita to stop the price from collapsing? or is it a worried MD investor who thought he would sell his plexes at 500m isk by the end of the week? I see a 50 plex buy order in jita right now for 382m isk, which is something a sane person wouldnt do
I was thinking the same thing,.. The only way CCP can influence that marked is doing buy orders. I plex for my accounts and cant say I am very happy with the idea of CCP stealing, taking rlf money from players. Thats pretty much what they do.
- .. I hope at least they have the dignity to tell if so...
Man, I cant say CCP is moving in the right direction. And if they believe for a sec that they can do stunts like this ( If so ), people will find out, Easy
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Ludacrys
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Posted - 2011.06.23 13:43:00 -
[22]
i still think CCP is placing PLEX buy orders, i dont like this at all, the price has only gone down 5 mill since yesterday just because of these orders blocking the way
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Vaerah Vahrokha
Minmatar Vahrokh Consulting
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Posted - 2011.06.23 14:00:00 -
[23]
Originally by: Ludacrys i still think CCP is placing PLEX buy orders, i dont like this at all, the price has only gone down 5 mill since yesterday just because of these orders blocking the way
It's not CCP, their interest is to remove PLEX and ISK, the thresold they can drop before having to also take into account RMTers competition is well below this.
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
Ludacrys
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Posted - 2011.06.23 14:10:00 -
[24]
well someone definitely IS trying really hard to stop the price from falling
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Krathos Morpheus
Legion Infernal
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Posted - 2011.06.23 14:10:00 -
[25]
Originally by: Vaerah Vahrokha
Originally by: Ludacrys i still think CCP is placing PLEX buy orders, i dont like this at all, the price has only gone down 5 mill since yesterday just because of these orders blocking the way
It's not CCP, their interest is to remove PLEX and ISK, the thresold they can drop before having to also take into account RMTers competition is well below this.
If they are buying they are removing PLEXes, do you think they care about removing ISK? IF they are intervening in the market they sold PLEXes to slow the push up when Aurum was announced and now they are buying to recoup the free gametime introduced in the system.
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Vaerah Vahrokha
Minmatar Vahrokh Consulting
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Posted - 2011.06.23 14:39:00 -
[26]
Edited by: Vaerah Vahrokha on 23/06/2011 14:40:55
Originally by: Krathos Morpheus If they are buying they are removing PLEXes, do you think they care about removing ISK? IF they are intervening in the market they sold PLEXes to slow the push up when Aurum was announced and now they are buying to recoup the free gametime introduced in the system.
They care *less* but removing ISK is a boon they can achieve on top of removing PLEXes.
Edit: those bought PLEXes can silently "disappear", it's why it's also good to make them take as much ISK as they can in the same process. Making them pay out a lot of ISK goes against that.
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
Laurent Savard
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Posted - 2011.06.23 15:11:00 -
[27]
Originally by: Patient 2428190 While I would love to ride on the "THE FORUMS HATE MICROTRANSACTIONS, PLEX WILL CRASH, DUMP YO GOODS (to my sell orders)" train, its not true.
Plex may fall slightly when the speculative bubble of Aurum/MT items bursts, but everybody's subscriptions that rely on PLEX still come due every month. Just like before, I'd wager a fair percentage of PLEX users will pay the ISK price no matter what it climbs to.
It will only totally crash if so much faith in CCP is lost that people start legitimately allowing PLEX fueled alts to lapse, and people don't want to hold too many PLEX for fear of true collapse.
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Laurent Savard
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Posted - 2011.06.23 15:19:00 -
[28]
Originally by: Mu-Shi Ai If 15% of the player base wants to quit over some stuff that doesn't change the functionality of the game and isn't required for them to purchase in the first place, then I think those people are stupid.
I could see 15% of the playerbase quitting if CCP implements the kinds of things they espoused in that internal newsletter though. MT for ships, weapons, and competitive advantage?
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Zagam
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Posted - 2011.06.23 16:09:00 -
[29]
Originally by: Mu-Shi Ai If 15% of the player base wants to quit over some stuff that doesn't change the functionality of the game and isn't required for them to purchase in the first place, then I think those people are stupid.
If 15% of the playerbase leaves, that reduces both supply and demand, but keeping the money supply static, which generally would increase prices over the medium term. (but its just inflation)
That said... of all the people that could leave EVE, I will miss those 15% the least. ---------.oOo.---------- Chaos, Madness, and Destruction. My work here is done. |
Raz Xym
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Posted - 2011.06.23 16:24:00 -
[30]
Originally by: Vaerah Vahrokha
Originally by: Ludacrys i still think CCP is placing PLEX buy orders, i dont like this at all, the price has only gone down 5 mill since yesterday just because of these orders blocking the way
It's not CCP, their interest is to remove PLEX and ISK, the thresold they can drop before having to also take into account RMTers competition is well below this.
CCP's sole interest is to SELL plex for real money (not isk). IF the price plummets, no one will pay real money for a PLEX. CCP can fabricate isk out of thin air. You do the math. What's a little inflation in times of trouble like this.
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