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Bad Bobby
Bring Me Sunshine In Tea We Trust
634
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Posted - 2014.11.21 15:06:33 -
[91] - Quote
Now this thread is going places. |
flakeys
Arkham Innovations
2578
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Posted - 2014.11.21 15:20:29 -
[92] - Quote
Bad Bobby wrote:Now this thread is going places.
At least both the entertainment value as the informative value is going up by every page ...
We are all born ignorant, but one must work hard to remain stupid.
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RAW23
868
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Posted - 2014.11.21 15:56:29 -
[93] - Quote
Cista2 wrote:So, less than 100 PLEX are sold (in Jita) per hour, and you are personally responsible for 30-40 of those less than 100 sold? That is impressive indeed, but I do not understand why you call yourself a small player when you have "casually" cornered so much of the market. Maybe your monopoly is why there is no 0.01 isking on this item Anyway, the statement that was made by Bad Bobby was that the players with the perfect broker standings have "deliberately" made the spread on the item so small that noone else can make any profit. This is what I said was utter nonsense, and that the spread on PLEX is decided not by the daytraders - the daytraders simply trade within the price margin that the item has. I did *not* say that is not possible to make profit on that spread and that noone is doing it. I said that daytraders are not the important factor in price development of PLEX. You, who trade 30-40 PLEX per hour on the slim margin spread, must then be the right question to answer the question: have you deliberately minimised your own profits to the smallest possible, just to squeeze any competitiors out? You did say that I am wrong in everything I put forward, so we just need a confirmation that to minimize your profit is indeed your strategy. Alternatively, if that is not your strategy, then you should in fact agree with me that such a strategy is nonsensical.
A couple of things:
a) Your figure of 100 PLEX an hour in Jita is waaaaay off. What you have done is taken the daily average and then proceeded to treat each hour as if it conforms to that average. This is not the case. The vast majority of PLEX trading is done in EU and US prime-time, a window of about 8-10 hours. During this period PLEX volumes are much higher than during the hour after downtime, for instance, and I would estimate that the average in the peak period is closer to 200 than 100.
b) As to why I'm a small player, it's because I trade casually and infrequently. While I might be very active when I'm active, the periods I'm active are brief and inconsistent. It's pretty easy to corner about 10% of the volume in any market if you are willing to 0.01 constantly for a few hours. I certainly have nothing approaching a monopoly but I do concede that if I traded everyday for significant periods then I would probably count as a relatively major player in the market.
c)
Quote:Maybe your monopoly is why there is no 0.01 isking on this item
Go and buy a stack of 5 plexes on a buy order and then sell it on a sell order, then come back and tell me there is no 0.01isking. There is probably more in this market than in any other market I have traded in when the spreads are decent (although see d below) and I can't begin to understand why you think otherwise.
d)
Quote: Anyway, the statement that was made by Bad Bobby was that the players with the perfect broker standings have "deliberately" made the spread on the item so small that noone else can make any profit. This is what I said was utter nonsense, and that the spread on PLEX is decided not by the daytraders - the daytraders simply trade within the price margin that the item has.
No, Bobby is right here and you're wrong. Just watch the market for a while and you'll see that those 0.01ing don't let the spread get too high for too long. There is already a lot of competition and when the spread gets big enough to allow those without standings to play as well, activity on the market becomes much harder to compete with. As such, while I might enjoy half an hour of a higher than normal spread, I know with absolute certainty it will be closed down in the 30-45 minute time frame if it opens up during peak hours (off peak the wider spreads can last longer). I don't shut the margins down myself because I'm not sufficiently invested as a player in that market to seek to exercise control over it (or any other - I just ride the waves maaan), but if I were trading in it every day for significant periods I would absolutely be closing the margin down actively to shut people out. This is hardly rocket science or anything new to eve. Margins are not a 'natural' product of the good being traded, they are a product of the way traders trade them. As Bobby pointed out, the situation is the same in a lot of the other very high volume markets in Jita (look at low end mins for example). These markets are largely controlled by a relatively small number of people with deep pockets who keep the margins slim and also have the resources to push the markets around a bit.
e)
Quote: I did *not* say that is not possible to make profit on that spread and that noone is doing it. I said that daytraders are not the important factor in price development of PLEX.
I think you are confusing two different things. Day traders control the spread on the item but not necessarily the price. Manipulators control the price but not necessarily the spread. However, day traders and manipulators are often one and the same people, so Bobby signalling that he is trading the margin and Bobby signalling that he is to some extent controlling the prices are signals about two different activities from the same person, not a claim that trading the margin sets the price. It doesn't, at least by itself, but it only takes little nudges to open and close margins in the plex market, partly because the margins are so small in comparison to the value of the item that being caught on the wrong side of even a small drop can cost 100s of millions. I suspect that what is having its effect on the plex market is a combination of day traders/light manipulators who have found that it is easy to keep nudging the market up a little at a time without much significant downwards resistance with a few speculators who have caught onto this trend and bet big on it.
_There are two types of EVE player: _
those who believe there are two types of EVE player and those who do not.
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Signal11th
1470
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Posted - 2014.11.21 15:57:45 -
[94] - Quote
*gets popcorn and a brew*
Powered by reaTh Filter V1.23 "All posts by this pilot are personal held views and not representitive of any corp or alliance I am currently a member of. Like I'd give a sh*t anyway.
God Said "Come Forth and receive eternal life!" I came fifth and wo
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PotatoOverdose
Royal Black Watch Highlanders DARKNESS.
2550
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Posted - 2014.11.21 16:00:46 -
[95] - Quote
Now down 50 mil from 1b. The only way it can go is up, up, up! *popcorn* |
Eve Austerity
The Mjolnir Bloc The Bloc
1
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Posted - 2014.11.21 16:02:26 -
[96] - Quote
Hey,
I can also trade 20-30 plex in an hour and sometimes 40-50 - granted i don't get involved in every spread so its not a permanent state of events but every day i do 40-50 as an absolute minimum - I would say that day traders are almost certainly involved in the plex market on a very regular basis. I know at least 3/4 others who do the same thing. Looking at it as 100 plex per hour is also nice - Do you have a citation for that? The reason i ask is that in my limited experience i'm of the opinion that peak times take a much larger share of the total volume. I could be wrong
To say that day trading has no effect is not accurate IMHO.
Regards
Eve A |
Vincent Athena
V.I.C.E.
2984
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Posted - 2014.11.21 16:21:22 -
[97] - Quote
Isabella Odelia wrote:The UberSoldier wrote:Remember this thead. Next year, there will be a new one with "why is plex so expensive (with a price at 1.3 bil)"
I, for my self, finally learned one thing: Plex is always expensive, there will be no huge crash because there are so many wealthy people trying to secure their money from inflation. If the market would crash we would see huge demand from various people (which are atm just waiting for lower prices) and less supply (because its not sensible anymore to get that few ISK for real life money) -> PLEX rises again.
Look at the PLEX price on the Chinese Server, in 3-4 years we are going to have these prices on Tranquility. And then we are going to have no more than 15000 people online at same time, just same as Chinese Server. It's quite rare to have 15000 on Serenity at once. The average is around 6000 to 7000.
Now here is one to think about:
Right now the price of gasoline is dropping.
As a result, the number of miles you can get per dollar is increasing. Are we, as a result, spending more money on gasoline? No, we are spending less, and the sellers of gasoline are getting less money.
Now take the above and substitute "PLEX for "gasoline" and "ISK" for "miles".
As a result, the number of ISK you can get per dollar is increasing. Are we, as a result, spending more money on PLEX? No, we are spending less, and the sellers of PLEX are getting less money.
http://vincentoneve.wordpress.com/
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Cista2
Phoibe Enterprises
28
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Posted - 2014.11.21 17:39:14 -
[98] - Quote
Bad Bobby wrote:Closing the gap between buy and sell so that only people with very high standings can profitably trade an item is a tried and tested method.
RAW23 wrote:I don't shut the margins down The guy with perfect broker standings, who flips 30-40 PLEX per hour, does not deliberately shut down the margins. I rest my case - no need for further waterfalls of text |
Claire Voyant
149
|
Posted - 2014.11.21 17:41:27 -
[99] - Quote
Vincent Athena wrote:Now here is one to think about:
Right now the price of gasoline is dropping.
As a result, the number of miles you can get per dollar is increasing. Are we, as a result, spending more money on gasoline? No, we are spending less, and the sellers of gasoline are getting less money.
Now take the above and substitute "PLEX for "gasoline" and "ISK" for "miles".
As a result, the number of ISK you can get per dollar is increasing. Are we, as a result, spending more money on PLEX? No, we are spending less, and the sellers of PLEX are getting less money.
But a mile will always be a mile (until we all get helicopters) while the RL value of isk is dropping rapidly.
The demand curve for gasoline says consumers will probably drive more with a lower price of gas even if they spend less for gas in total. For example a 10% decrease in the price of gas might mean a 5% increase in miles driven.
A 10% decrease in the price of isk may or may not mean an increase in the isk bought for RL money. If the isk you are buying today has a perceived value to you of 20% less than before, a 10% price break may not seem like such a deal.
Isk is not a commodity, it is a currency. If the pound becomes cheaper than a dollar then Americans might vacation in England more because they can get more value for their money. But at some point if people don't want to visit a country no matter how much you devalue the currency they will still stay away.
Not that Eve is a third world country yet, but we do need more space tourists for PLEX prices to stabilize.
And while we may moan about the lack of space tourists driving up PLEX prices, CCP is going to have to layoff more employees soon if it doesn't get better. |
Eve Austerity
The Mjolnir Bloc The Bloc
1
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Posted - 2014.11.21 17:48:08 -
[100] - Quote
Cista2 wrote:Bad Bobby wrote:That is deliberate. RAW23 wrote:I don't shut the margins down myself The guy with perfect broker standings, who flips 30-40 PLEX per hour, does not deliberately shut down the margins. I rest my case - no need for more word cascades
Actually not true - it really depends on the resistance at any given time and how far you want to move into speculation.
For example on a market like plex u might close the margin to apply upward pressure even if its just limited. Recently i've noticed 10mil spreads - totally not worthwhile - however competition is the same on the buys because the resistance for it to be able to open again to a 15mil margin is very low on the sells - hourly trading almost as opposed to pure station trading. You dont need to have massively deep pockets depending on what time you do this either because if you take out 20% of the plex at an off peak time and only 15 need to sell to reestablish your margin there is a good chance it will happen.
If buy support is very strong - from those with deep pockets your risk is quite low
Regards
Eve A |
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RAW23
868
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Posted - 2014.11.21 17:54:18 -
[101] - Quote
Cista2 wrote:Bad Bobby wrote:Closing the gap between buy and sell so that only people with very high standings can profitably trade an item is a tried and tested method. RAW23 wrote:I don't shut the margins down The guy with perfect broker standings, who flips 30-40 PLEX per hour, does not deliberately shut down the margins. I rest my case - no need for further waterfalls of text
Selective quoting for the win!
RAW23 wrote: I don't shut the margins down myself because I'm not sufficiently invested as a player in that market to seek to exercise control over it (or any other - I just ride the waves maaan), but if I were trading in it every day for significant periods I would absolutely be closing the margin down actively to shut people out.
I don't have to do it because other people are doing the job for me and I'm complacent enough when trading casually to just follow the trend. If I were one of the players who was in that market daily I would be taking part in those activities as I would have a motivation to make the market dance to my tune as and when I wanted rather than just sliding along on the changes other people are engineering. I would also be working to open up the margins for brief periods at my convenience but not for long enough to let the guys with low standings take part regularly.
_There are two types of EVE player: _
those who believe there are two types of EVE player and those who do not.
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Cista2
Phoibe Enterprises
28
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Posted - 2014.11.21 18:11:48 -
[102] - Quote
Eve Austerity wrote:If buy support is very strong - from those with deep pockets your risk is quite low
Sure thing PLEX is rising and rising. And what I pointed out in my first post is that buy support comes also from others than station traders. Namely, people that need PLEX for their 5-6 characters. And these may be fuzzy about the price of PLEX, but certainly not worried about the size of the spread. RAW suggests they buy from sell orders, and certainly many do, but they also can make own buy orders inside the margin spread, and save a buck or two. This is one part of the reason why you see spreads that are "totally not worth it".
And another part of the miniscule price spreads are those that sell PLEX that they bought from CCP. Again, the width of the spread is the last of their worries, they will gladly ruin the spread for you and make a few isk more on their sale.
As will those that have held PLEX and now sell them with high profits of 100 million isk per unit or more. When they decide that today is the day they sell a handful or 20, they don't care much about the spread. I've sold a few myself, doing my bit to narrowing the margin spread each time.
The rise of PLEX atm is similar to the great rise of Technetium a few years ago - which means 0.01 iskers have less influence on the daily price IMHO.
What Bobby and Raw are saying is that it is the people that make 4-5 million profit per unit of PLEX that are fine with driving their profit going down 2-3 million more per unit (except RAW himself naturellement), while those that make 50-100 million isk per unit are more worried about the margin spread, because they do not have perfect broker standings? I don't buy it. |
RAW23
868
|
Posted - 2014.11.21 18:16:14 -
[103] - Quote
Cista2 wrote:
What Bobby and Raw are saying is that it is the people that make 4-5 million profit per unit of PLEX that are fine with driving their profit going down 2-3 million more per unit (except RAW himself naturellement), while those that make 50-100 million isk per unit are more worried about the margin spread, because they do not have perfect broker standings? I don't buy it.
That's not what we're saying. You're eliding two completely different discussions - one about what is driving the price of plex and one about what normally drives the margin.
_There are two types of EVE player: _
those who believe there are two types of EVE player and those who do not.
|
MoRRaK Galaxy
Deep Core Mining Inc. Caldari State
20
|
Posted - 2014.11.21 18:23:16 -
[104] - Quote
Im rather happy there rising :)
Makes it easier and cheaper to fund my PvP |
Cista2
Phoibe Enterprises
28
|
Posted - 2014.11.21 18:25:28 -
[105] - Quote
RAW23 wrote:[quote=Cista2] You're eliding two completely different discussions - one about what is driving the price of plex and one about what normally drives the margin. Normally? Please explain to me what items in EVE "normally" increase their price with 300% over a period of a couple of years.
You two keep saying that PLEX is an item that behaves like every other and the price spread is regulated by the "tried and tested method" that daytraders always use on "all high volume items". I in my low humbleness is trying to point out that PLEX has behaved and does behave a little different from most items.
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Eve Austerity
The Mjolnir Bloc The Bloc
1
|
Posted - 2014.11.21 18:26:02 -
[106] - Quote
Cista2 wrote:Eve Austerity wrote:If buy support is very strong - from those with deep pockets your risk is quite low
Sure thing PLEX is rising and rising. And what I pointed out in my first post is that buy support comes also from others than station traders. Namely, people that need PLEX for their 5-6 characters. And these may be fuzzy about the price of PLEX, but certainly not worried about the size of the spread. RAW suggests they buy from sell orders, and certainly many do, but they also can make own buy orders inside the margin spread, and save a buck or two. This is one part of the reason why you see spreads that are "totally not worth it". And another part of the miniscule price spreads are those that sell PLEX that they bought from CCP. Again, the width of the spread is the last of their worries, they will gladly ruin the spread for you and make a few isk more on their sale. As will those that have held PLEX and now sell them with high profits of 100 million isk per unit or more. When they decide that today is the day they sell a handful or 20, they don't care much about the spread. I've sold a few myself, doing my bit to narrowing the margin spread each time. The rise of PLEX atm is similar to the great rise of Technetium a few years ago - which means 0.01 iskers have less influence on the daily price IMHO. What Bobby and Raw are saying is that it is the people that make 4-5 million profit per unit of PLEX that are fine with driving their profit going down 2-3 million more per unit (except RAW himself naturellement), while those that make 50-100 million isk per unit are more worried about the margin spread, because they do not have perfect broker standings? I don't buy it.
Dude if i am expecting plex to rise, in say 30mins i want to secure as many as my pockets can afford. Hence i want to reduce the spread because i want less competition in buying the ones up that are available knowing full well that they will go up in an hour. Thus i reduce the margin to the total not worthwhile ( along with the other guys that do this ). |
Cista2
Phoibe Enterprises
28
|
Posted - 2014.11.21 18:32:50 -
[107] - Quote
Eve Austerity wrote:Dude if i am expecting plex to rise, in say 30mins i want to secure as many as my pockets can afford. Hence i want to reduce the spread because i want less competition in buying the ones up that are available knowing full well that they will go up in an hour. Thus i reduce the margin to the total not worthwhile ( along with the other guys that do this ). Dude that's not margin trading, that's speculation in a future price.
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Eve Austerity
The Mjolnir Bloc The Bloc
1
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Posted - 2014.11.21 18:37:59 -
[108] - Quote
Cista2 wrote:Eve Austerity wrote:Dude if i am expecting plex to rise, in say 30mins i want to secure as many as my pockets can afford. Hence i want to reduce the spread because i want less competition in buying the ones up that are available knowing full well that they will go up in an hour. Thus i reduce the margin to the total not worthwhile ( along with the other guys that do this ). Dude that's not margin trading, that's speculation in a future price.
Yeah but the people doing it on an hourly type basis are the same people who are trading in them, as rawrr pointed out to you in an earlier post. You asked why anybody would want to close a spread and i explained why |
Cista2
Phoibe Enterprises
28
|
Posted - 2014.11.21 18:50:16 -
[109] - Quote
Eve Austerity wrote:[Yeah but the people doing it on an hourly type basis are the same people who are trading in them, as rawrr pointed out to you in an earlier post. You asked why anybody would want to close a spread and i explained why My point is, someone cannot fixate the spread on PLEX by the "tried and tested method" to a width where it shuts out those that do not have perfect broker standings. The price development is too explosive! So....those broker standings are less relevant with PLEX when traders know, as you have just - oh gosh - pointed out, the price will rise anyway and that margin spread we see right now is completely irrelevant.
You state that the narrow margin spread that we see is irrelevant to you, while Bobby and RAW claim that the narrow spread is shutting people out |
RAW23
868
|
Posted - 2014.11.21 19:04:12 -
[110] - Quote
Cista2 wrote:RAW23 wrote:[quote=Cista2] You're eliding two completely different discussions - one about what is driving the price of plex and one about what normally drives the margin. Normally? Please explain to me what items in EVE "normally" increase their price with 300% over a period of a couple of years. You two keep saying that PLEX is an item that behaves like every other and the price spread is regulated by the "tried and tested method" that daytraders always use on "all high volume items". I in my low humbleness is trying to point out that PLEX has behaved and does behave a little different from most items.
All I can say is spend a bit of time actually doing some intensive trading of the spread on a couple of 'normal' days (i.e. days when the price is stable) and you'll see what I mean. At the moment it's pretty clear you are speculating about how the market works and what happens when you trade the spread without much experience of it and since you're unwilling to listen to those who do actually have that experience the only way you'll be convinced is to try it yourself.
_There are two types of EVE player: _
those who believe there are two types of EVE player and those who do not.
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Eve Austerity
The Mjolnir Bloc The Bloc
1
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Posted - 2014.11.21 19:05:01 -
[111] - Quote
Cista2 wrote:Eve Austerity wrote:[Yeah but the people doing it on an hourly type basis are the same people who are trading in them, as rawrr pointed out to you in an earlier post. You asked why anybody would want to close a spread and i explained why My point is, someone cannot fixate the spread on PLEX by the "tried and tested method" to a width where it shuts out those that do not have perfect broker standings. The price development is too explosive! So....those broker standings are less relevant with PLEX when traders know, as you have just - oh gosh - pointed out, the price will rise anyway and that margin spread we see right now is completely irrelevant. You state that the narrow margin spread that we see is irrelevant to you, while Bobby and RAW claim that the narrow spread is shutting people out
It does, it shut out those that you point out are trying to save isk by buying from a buy and not a sell because it becomes not worth it 'hmm i can save 5mil if i spend an hour babysitting an order, forget that i will just buy it now from a buy'
- thus leaving it open to the traders and speculators only - forgive me but your initial argument was that traders have zero impact in plex and wouldn't want to narrow a spread i have pointed out why as i trader i would look to do that given the right circumstances.
and yes plex price is explosive - perfect broker skills allow you to not lose isk if it doesn't work and to make a chunk if it does. and plex dropped by 65mil ish at one point yesterday and are currently trading circa 35 mil lower on the sells peak. not everybody can afford to have 20-25 bil in plex for any amount of time (opportunity cost ). Those that bought and sold at the wrong time would lose isk if they wanted to cash out today based on yesterdays high buy. |
Tear Jar
Emolgranlan Code Enforcement Branch
159
|
Posted - 2014.11.21 20:29:23 -
[112] - Quote
Vincent Athena wrote:Isabella Odelia wrote:The UberSoldier wrote:Remember this thead. Next year, there will be a new one with "why is plex so expensive (with a price at 1.3 bil)"
I, for my self, finally learned one thing: Plex is always expensive, there will be no huge crash because there are so many wealthy people trying to secure their money from inflation. If the market would crash we would see huge demand from various people (which are atm just waiting for lower prices) and less supply (because its not sensible anymore to get that few ISK for real life money) -> PLEX rises again.
Look at the PLEX price on the Chinese Server, in 3-4 years we are going to have these prices on Tranquility. And then we are going to have no more than 15000 people online at same time, just same as Chinese Server. It's quite rare to have 15000 on Serenity at once. The average is around 6000 to 7000. Now here is one to think about: Right now the price of gasoline is dropping. As a result, the number of miles you can get per dollar is increasing. Are we, as a result, spending more money on gasoline? No, we are spending less, and the sellers of gasoline are getting less money. Now take the above and substitute "PLEX for "gasoline" and "ISK" for "miles". As a result, the number of ISK you can get per dollar is increasing. Are we, as a result, spending more money on PLEX? No, we are spending less, and the sellers of PLEX are getting less money.
It depends, we really have two competing trends.
1. People who say "Plex is worth 1b isk. I am going to buy plex with RL money now!"
and
2. People who need a set amount of isk each month and go "well, now i only need two plex per month instead of 3 to fit my spending habits". |
Vincent Athena
V.I.C.E.
2985
|
Posted - 2014.11.21 22:41:56 -
[113] - Quote
Right. For any commodity there is a price that maximizes the revenue for the seller. Here the seller is CCP, and what we players are buying is ISK. That is we buy PLEX and use it to get ISK form another player. Hence the commodity price we look at is dollars per ISK. This price has an optimum value. If ISK is too expensive, few will buy it as it's a poor use of their money. If it's very cheap (a huge amount of ISK per dollar), many may buy, but they will buy very little PLEX as they just do not need that much, and would rather spend their money on something else. Somewhere in between, CCP makes the most revenue.
Now what is that price? We would need to CCP's sale records to know. The best we can do is look at the trading volume at Jita. The daily trading volume for PLEX peaked somewhere around 500 million. Since then it's been dropping. CCP's economist even remarked on that drop in a presentation. My guess is a 500 million ISK PLEX makes CCP the most revenue.
http://vincentoneve.wordpress.com/
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Claire Voyant
149
|
Posted - 2014.11.21 22:55:31 -
[114] - Quote
Vincent Athena wrote:Right. For any commodity there is a price that maximizes the revenue for the seller. Here the seller is CCP, and what we players are buying is ISK. That is we buy PLEX and use it to get ISK form another player. Hence the commodity price we look at is dollars per ISK. This price has an optimum value. If ISK is too expensive, few will buy it as it's a poor use of their money. If it's very cheap (a huge amount of ISK per dollar), many may buy, but they will buy very little PLEX as they just do not need that much, and would rather spend their money on something else. Somewhere in between, CCP makes the most revenue.
Now what is that price? We would need to CCP's sale records to know. The best we can do is look at the trading volume at Jita. The daily trading volume for PLEX peaked somewhere around 500 million. Since then it's been dropping. CCP's economist even remarked on that drop in a presentation. My guess is a 500 million ISK PLEX makes CCP the most revenue. Except you need to separate cause and effect. Maybe prices have risen so much since that that peak because supply has fallen so much. If you have a lot of people wanting to buy isk with PLEX, PLEX prices get driven down, players are happy and CCP is happy. If not so many people want to buy isk with PLEX prices go up and no one except the isk buyers (and PLEX speculators) are happy. |
Verity Sovereign
Sovereign Fleet Tax Shelter
733
|
Posted - 2014.11.22 08:58:45 -
[115] - Quote
It would be nice if we could get some per month statistics like: Total number of accounts paid with PLX + Total number of additional training queues on accounts paid with PLEX + Total amount of PLEX converted to aurum
and then Total number of plex bought with real money from CCP
Are less people buying plex from CCP? Are more there more accounts running? Are more people using dual training? - ie has plex use gone up (for my part I've gone from a high of using 3 plex per month, to less than one, as my sub lapses from time to time)
Maybe it is just hoarding. My plex stockpile has gradually increased, even as my plex use has gone down (but the rate at which I buy plex has gone down a lot) |
Theo Sotken
Mother Knows Best Corporation
34
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Posted - 2014.11.22 10:43:35 -
[116] - Quote
This latest increase in the cost of plexes has made me realise I cannot ignore the plex market. I currently consume about 10 a month which I was buying as needed but in future I have plan to build a buffer of a hundred.
Do plexes have a geffin good effect ie does the rising price of plex actually increase demand for the plex? |
Tear Jar
Emolgranlan Code Enforcement Branch
161
|
Posted - 2014.11.22 15:11:43 -
[117] - Quote
Theo Sotken wrote:This latest increase in the cost of plexes has made me realise I cannot ignore the plex market. I currently consume about 10 a month which I was buying as needed but in future I have plan to build a buffer of a hundred.
Do plexes have a geffin good effect ie does the rising price of plex actually increase demand for the plex?
I don't think it has a geffin good effect. I think the supply side of the equation is fairly fixed. a lot of players have a principled opposition to buying plex with money. These people won't sell at any price. Current sellers have no reason to increase PLEX "creation"(I mean they make plenty of isk to meet their wants right now). So PLEX prices are entirely decided by demand(rather when enough people become unable to afford them).
For more specific causes, look at multiboxers(who will keep plexxing until the extra accounts aren't profitable) and stagnating new player numbers. |
Vaerah Vahrokha
Vahrokh Consulting
5569
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Posted - 2014.11.24 14:42:21 -
[118] - Quote
PotatoOverdose wrote:Watching plex drop 40 mil in less than an hour after they hit 1 bil was good fun.
1B is a (very) big round number. It's a very good candidate for price to react to it (as resistance). Of course "reacting" does not necessarily mean "invert direction" but the reaction itself creates a milestone that later may be used to setup a trade.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
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Vincent Athena
V.I.C.E.
2988
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Posted - 2014.11.24 22:01:10 -
[119] - Quote
If the PLEX does start to drop, remember to time your buy. You don't want to be buying at 900 if it's going to drop to 850 or 800.
http://vincentoneve.wordpress.com/
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Xanato Kaso
Dojiin-Kai OuterHeaven-SoldiersWithoutBorders
22
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Posted - 2014.11.26 02:51:42 -
[120] - Quote
Vincent Athena wrote:If the PLEX does start to drop, remember to time your buy. You don't want to be buying at 900 if it's going to drop to 850 or 800.
how do you tell what its going to drop to though? and if my character needs a plex so i can keep playing. im kinda at the whim of the market |
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