Sabriz Adoudel
Move along there is nothing here
5800
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Posted - 2016.05.01 14:46:33 -
[1] - Quote
The PLEX crash I was expecting to see since the announcement of Citadel happened.
Or, more precisely, the value of ISK increased as I had predicted. Other PLEX-linked goods stayed at about the same price in PLEX (so a lower price in ISK).
So I sold a lot of stock (most was sold long before the patch) and bought into PLEX while they are at the lowest price they will ever be in the game's forseeable future. If null quietens down I will sell them when they hit 1600m, if null stays at war, 1300m is the goal price.
Might have missed the exact bottom of the PLEX price curve but these are a long term holding.
I have also stopped placing new buy orders for low margin items completely until 90 days pass (at which point most presently active orders will be gone, and the ones that remain will have been placed by people that understand that lower sunk costs mean higher profit, not lower resale prices).
Next step: Looking to set up or join a trader's channel that aims to circumvent market fees via private contracts.
I support the New Order and CODE. alliance. www.minerbumping.com
Sabriz's Rule: "Any time someone argues for a game change claiming it is a quality of life change, the change is actually a game balance change".
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Sabriz Adoudel
Move along there is nothing here
5803
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Posted - 2016.05.03 13:36:43 -
[2] - Quote
InterStellar Architect wrote:Sabriz Adoudel wrote:The PLEX crash I was expecting to see since the announcement of Citadel happened.
Or, more precisely, the value of ISK increased as I had predicted. Other PLEX-linked goods stayed at about the same price in PLEX (so a lower price in ISK).
So I sold a lot of stock (most was sold long before the patch) and bought into PLEX while they are at the lowest price they will ever be in the game's forseeable future. If null quietens down I will sell them when they hit 1600m, if null stays at war, 1300m is the goal price. I think PLEX dropped to around 1 Bil mainly due to the skill injectors. Then it dropped to around 900 mil mainliy due to people liquidating for the patch, and there was a PLEX sale. I doubt it'll go to 1600 any time soon, there's always gonna be a premium that people place on 2 x Skill Injectors for not having to wait.
Injectors are not relevant to the longer term PLEX values.
PLEX are the fundamental currency of EVE. Three years ago, a PLEX was worth a month's game time. Next year, it will be worth a month's game time. PLEX do not change in value.
ISK is a secondary, less important currency - less important because it has less intrinsic value (outside the player economy it only lets you buy skillbooks and blueprints, and usually demand for those is far below the ISK supply). Because 3% of the ISK in the game was just destroyed (~28T of 980T in Citadel BPOs), there is a shortage of ISK right now and so ISK is temporarily trading for more than it is worth, as people overcompensate. ISK has increased in value from 0.8 nanoPLEX, up to 1.1 nanoPLEX, a 40% increase.
This 40% increase is a massive overreaction to the 3% of the ISK in the game being destroyed - an increase that is fundamentally unsustainable. I expect to see ISK fall in value back to near 0.8 nanoPLEX in the short to medium term; and if nullsec gets quiet and ISK gets vomited into the game again from 50-80 thousand ratting hours per day, ISK will become oversupplied again.
Anyways believe what you want. I'm the person that stated publically many times in this forum that come Citadel release day, PLEX would trade for under 1000m ISK - and I said this when many people said 'no, they'll be >1300m by then and keep going up from there'.
I support the New Order and CODE. alliance. www.minerbumping.com
Sabriz's Rule: "Any time someone argues for a game change claiming it is a quality of life change, the change is actually a game balance change".
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