Pages: 1 [2] 3 :: one page |
|
Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Vherokan
|
Posted - 2009.01.24 18:30:00 -
[31]
Originally by: aka Ishur
Originally by: Space Pinata
Obviously sellers aren't going to sell for less when the cards are going for so much. If they try to, people will buy them, PLEX them, and resell them for a profit. Most buyers aren't going to stop buying either, though. So the situation will only worsen without some intervention to increase the supply of GTC's being sold.
WOAH HOLD ON A ****ING MINUTE>>>i can plex a gtc bought on the forums!!11??
no |
aka Ishur
Stormwolf Holdings LLC Elite Trade Group
|
Posted - 2009.01.24 18:31:00 -
[32]
Thank you for the swift and concise reply. |
Space Pinata
Amarr Discount Napkin Industries
|
Posted - 2009.01.24 18:37:00 -
[33]
Originally by: Vherokan
Originally by: aka Ishur
Originally by: Space Pinata
Obviously sellers aren't going to sell for less when the cards are going for so much. If they try to, people will buy them, PLEX them, and resell them for a profit. Most buyers aren't going to stop buying either, though. So the situation will only worsen without some intervention to increase the supply of GTC's being sold.
WOAH HOLD ON A ****ING MINUTE>>>i can plex a gtc bought on the forums!!11??
no
Step 1) Buy plex Step 2) Resell plex Step 3) Profit |
aka Ishur
Stormwolf Holdings LLC Elite Trade Group
|
Posted - 2009.01.24 18:43:00 -
[34]
Originally by: Space Pinata
Step 1) Buy plex Step 2) Resell plex Step 3) Profit
Thank you for that lesson, but i was more interested in the margins involved in converting an isk-bought 60-Day Gtc, into 2 plex. legally.
|
Darwin's Market
|
Posted - 2009.01.24 18:44:00 -
[35]
as sellers get more isk per gtc now, they sell LESS too, only compounding the problem
sweet deal
|
Maria Kalista
|
Posted - 2009.01.24 18:45:00 -
[36]
Edited by: Maria Kalista on 24/01/2009 18:46:05
Originally by: Space Pinata
Originally by: Vherokan
WOAH HOLD ON A ****ING MINUTE>>>i can plex a gtc bought on the forums!!11??
no
Step 1) Buy plex Step 2) Resell plex Step 3) Profit
Yes
Step 1) Buy code (shattered crystal etc) Step 2) go in game hit ESC & enter code (button somewhere lower left corner) Step 3) Resell plex Step 4) Profit
Originally by: AkRoYeR
...the beauty of EvE. You have to live on the edge all the time. If you don't stay frosty, you will die!
Best game ever!
|
Vabjekf
|
Posted - 2009.01.24 18:46:00 -
[37]
Dont worry, when they get up to 1bil ill sell one.
|
Maria Kalista
|
Posted - 2009.01.24 18:50:00 -
[38]
Originally by: Vabjekf Dont worry, when they get up to 1bil ill sell one.
Somehow I fear they WILL reach 1 bill.
What I wonder is what will be the cap where the price raise will stop (no one will buy), and what was all these years the cap that kept the price "so low".
Originally by: AkRoYeR
...the beauty of EvE. You have to live on the edge all the time. If you don't stay frosty, you will die!
Best game ever!
|
Heyte
|
Posted - 2009.01.24 18:53:00 -
[39]
Originally by: Spurty nice, looks like its time to buy some gtcs to bolster the capital ship fund!
Buy high sell low, that's always been my moto.
... wait.
|
Clair Bear
Perkone
|
Posted - 2009.01.24 19:11:00 -
[40]
Originally by: Maria Kalista
Somehow I fear they WILL reach 1 bill.
This is my target for a 30 day. At that level macro ice farming is no longer profitable with current ice product prices. Which means if I can get PLEXes to a bil/month, I'll have had an impact on megaliances without ever having POS bashed.
Eve rocks.
You can find my thread on M&D where it's clearly explained how PLEXes are unlike any other commodity in Eve. They always have guaranteed value (game time) whatever nerfs come. Moreover, nobody can market PvP you without emptying their RL wallet since PLEXes can't be transported.
Manipulating PLEXes is like playing poker and being able to use monopoly money while everyone else has to pony up RL cash.
|
|
Vabjekf
|
Posted - 2009.01.24 19:15:00 -
[41]
Originally by: Clair Bear
Originally by: Maria Kalista
Somehow I fear they WILL reach 1 bill.
This is my target for a 30 day. At that level macro ice farming is no longer profitable with current ice product prices. Which means if I can get PLEXes to a bil/month, I'll have had an impact on megaliances without ever having POS bashed.
I wish you luck in your noble endeavor!
|
OffBeaT
Caldari KaMiKaZes
|
Posted - 2009.01.24 19:31:00 -
[42]
its 50 bucks Canadian to play eve for 3 months so like i said 1200m is right to me to wona sell them 90 day cards.. wth is 400m gona do for me in eve.. that's 2 days snack food for cva!
the time cards are under valued its as plan as that! |
Myfanwy Pisces
P H O E N I X
|
Posted - 2009.01.25 00:21:00 -
[43]
Canada has it's own currency?!?
...does Canada know?
(Don't mind me, our ú is dead in the water at the moment...)
|
OffBeaT
Caldari KaMiKaZes
|
Posted - 2009.01.25 01:53:00 -
[44]
Originally by: Myfanwy Pisces Canada has it's own currency?!?
...does Canada know?
(Don't mind me, our ú is dead in the water at the moment...)
|
Raymon James
Minmatar Tribal Liberation Force
|
Posted - 2009.01.25 02:23:00 -
[45]
Edited by: Raymon James on 25/01/2009 02:24:18 a couple of problems with plex prices though
1) how mutch work does it take to make 400m now, 500m in a month or so and so on up the scale. 2) is it worth that mutch work to play EVE online 3) how mutch will that level of effort to supprt the Plex market up distorting the Eve Economy.
Eventualy I suspect the plex market will "cap out" at under 600m per 30 day.
It will just be interesting to see when that happens.
|
Kazzac Elentria
|
Posted - 2009.01.25 02:41:00 -
[46]
Originally by: Clair Bear
Originally by: Maria Kalista
Somehow I fear they WILL reach 1 bill.
This is my target for a 30 day. At that level macro ice farming is no longer profitable with current ice product prices. Which means if I can get PLEXes to a bil/month, I'll have had an impact on megaliances without ever having POS bashed.
Eve rocks.
You can find my thread on M&D where it's clearly explained how PLEXes are unlike any other commodity in Eve. They always have guaranteed value (game time) whatever nerfs come. Moreover, nobody can market PvP you without emptying their RL wallet since PLEXes can't be transported.
Manipulating PLEXes is like playing poker and being able to use monopoly money while everyone else has to pony up RL cash.
Right there riding this train with you. |
Kylar Renpurs
Dusk Blade
|
Posted - 2009.01.25 05:24:00 -
[47]
Supply. Demand. Nuff said. |
Astarte Nosferatu
Abrivianius Manufacturing Corporation
|
Posted - 2009.01.25 06:07:00 -
[48]
GTC prices above 1bil are good mkay? |
Kwint Sommer
Caldari XERCORE
|
Posted - 2009.01.25 08:25:00 -
[49]
To quote CCP's response to almost every petition I've ever filed,
"Working as intended."
If you can't afford it, drop some alts, make some more ISK or just pony up the 12 bucks or whatever it costs.
|
nether void
Caldari Shrapnel Industries
|
Posted - 2009.01.25 19:12:00 -
[50]
http://en.wikipedia.org/wiki/Economic_bubble
Just don't get caught riding it at the top. |
|
Iridescent Moon
Caldari Iridescent Dawn
|
Posted - 2009.01.25 19:38:00 -
[51]
Originally by: nether void http://en.wikipedia.org/wiki/Economic_bubble
Just don't get caught riding it at the top.
Already there.
GTC prices this weekend are the lowest in the past 4 weeks. Peak price was 2 weeks ago.
PLEX sell orders in Jita are NOT selling. Buy orders are being filled by people converting GTC to PLEX and selling to speculators. Consumers are buying GTC's and not PLEXs. Removal of ghost training removes the value of a 30 payment method, more so since you can not activate an account with a PLEX.
700 Million seems to be the flinch point for GTC consumers with a "reasonable" price being a few 10's of millions below that amount.
The bubble HAS burst. We are just in the calm before the storm when all the PLEX speculators panic and begin to sell to save their butts.
|
Raymon James
Minmatar Tribal Liberation Force
|
Posted - 2009.01.25 21:25:00 -
[52]
not sure about my local market
It seems to have peaked just 2 days ago at an average price of 380. but the problem seems to be that im only looking at a trafic of roughly 0-10 a day |
Aliedora
|
Posted - 2009.01.25 21:34:00 -
[53]
Originally by: Clair Bear And in conclusion, I've worked hard on raising PLEX prices to the levels they are today.
say, you wouldn't happen to know a certain Amber Leonne? :) |
Dani SP
Rupture Farms Mining
|
Posted - 2009.01.25 22:58:00 -
[54]
Originally by: Sidus Isaacs Edited by: Sidus Isaacs on 24/01/2009 18:17:48
Originally by: Dani SP Get a job.
:)
I pay for EVE with RL money, its not much, I need to work about 1 hour each month to support EVE ^^.
Exactly.
Maybe im an ignorant, but why is everybody so excited about GTCs etc.???
the cheapest way is real life money, even when its apparently the most expensive one. 1-2hours and you are done.
How much time is it needed to afford a GTC? Im sure, more than 2 hours :) |
Clair Bear
Perkone
|
Posted - 2009.01.26 05:10:00 -
[55]
Originally by: Iridescent Moon
The bubble HAS burst. We are just in the calm before the storm when all the PLEX speculators panic and begin to sell to save their butts.
That's one read on it. And what I've seen is PLEXes selling briskly even at 387M/unit just two days ago. A quick peek at eve-central.com 24 hour statistics for PLEXes shows 307 units for sale, 61 movement. And 5041 units being bought, 37 movement. The important part there is more are being sold at sell order prices than to buys.
I won't deny that it's time for PLEXes to move sideways for a bit. For people's brains to adjust to the new price levels before we make the push to 500M/month and beyond.
|
Uhr Zylex
Ginnungagaps Rymdfarargille Blade.
|
Posted - 2009.01.26 07:03:00 -
[56]
What Clair said.
Anyway, to be honest, it's pointless for me to even begin my own comment on things because threads like these contain 2 kinds of people:
1) People who don't want to spend their IRL money on gametime and want the PLEXes to be cheap. ("omg omg pricecrash all the speculators are doomed start dumping!!111eins") 2) People who have speculated on PLEXes rising ("PLEXes will be 1b in April.").
Don't listen to anyone, do your own research.
|
Ricdic
Caldari
|
Posted - 2009.01.26 07:46:00 -
[57]
I just pulled us out of the PLEX market. We bought about 20b worth of stock at 280 and have been pushing the prices up, buying and selling for the past few months until now when prices are around 370. Now that it's at an acceptable level almost all remaining stocks have sold and we have moved out of this market.
I personally don't believe it will get much higher than this.
It's interesting to see how many people saying they were the ones causing the manipulation. Whilst I was dealing with it the only people I had with any quantity were the gtc buyers. I saw no-one repricing until at least 2 weeks into it when I had the prices up to about 310m.
pics:
Day 1 You can see for todays date the low and high. That low was before I got to it. It has since stabilised now with buy orders up (not just mine, others competing with me) at 308m and sell orders (also being competed) at 342m.
Day 2 Notice specifically the market average which is really important. If that doesn't go up during a manipulation people will be far less likely to buy your stocks or compete with your sell orders.
Here you can see the price on it's way up and it also shows where we bought out the market
Here is our movement as of around 20 days later. You can see it's quite obvious we made a giant splash in the buying of these goods based on the big green purchased amount.
-----------
Finally here's the way PLEX's are now, where we have closer to about 15 units left, compared to almost 100 whilst we were moving the price.
-------------
Now, the last picture a lot of that has no relation to us. As of around the 18th of December I saw the PLEX market was gaining it's own traction, it was getting plenty of publicity and ingame people were moving prices around and had supporting buy orders at higher prices. At that point I decided to just sit on my stash and let others do the work. As per that graph, 18th of December prices were around 330m per unit average.
We had successfully pushed the price and the regional average in a solid gain position. I didn't really expect it to go higher and was going to sell out before it crashed but decided to hold on a little longer. Anyway it seems a lot of others jumped on it about that time as can be seen by a large increase in movement (bottom green bar), considering I bought out an entire days supply of PLEX back when I started with that first green spike.
Anyway the PLEX has been a pleasure to manipulate and we were able to sell our stocks on the backs of other people's investments in the past week or so. Being able to sell 50 PLEX to a Buy Order at 360m after buying at 285m 2 months earlier is very sweet.
Due to the level of supply on these items its incredibly easy to manipulate them. 20b of capital (I had 40 on hand but only ended up using 20) was sufficient to completely manipulate the PLEX from 285m to 330m before others jumped on the momentum and pushed us to where we are now. I still say the PLEX is the absolute best product in Eve for manipulation due to its real world ties however I wouldn't necessarily recommend people jump on the train now as it might be too late.
EBANK staff will probably get the ****s at me posting this but I like epeen stroking and stuffs, and it doesn't matter if the public know now that my task has been completed |
Researching King
|
Posted - 2009.01.26 07:49:00 -
[58]
Edited by: Researching King on 26/01/2009 07:49:30 damn lol need to rehost those pics will do and then link
gah, this is ricdic alt
|
Iridescent Moon
Caldari Iridescent Dawn
|
Posted - 2009.01.26 09:04:00 -
[59]
Edited by: Iridescent Moon on 26/01/2009 09:06:18
Originally by: Ricdic Edited by: Ricdic on 26/01/2009 07:57:45 I just pulled us out of the PLEX market. We bought about 20b worth of stock at 280 and have been pushing the prices up, buying and selling for the past few months until now when prices are around 370. Now that it's at an acceptable level almost all remaining stocks have sold and we have moved out of this market.
I personally don't believe it will get much higher than this.
Since your fessing up could you answer a question?
Did you choose to dump your PLEXs and then the prices on the Timecode forums dropped or did the drop in the Timecode forum tell you it was time to unload your stock?
I saw you unload your stock today. Was kinda funny to see the buy orders for PLEX drop form 370ish to 340ish in one fell swoop.
The real question is how many, or if any of the other speculators have enough ISK/PLEX to push the market back up or not. Going by your Spike purchase in November it does not appear that anyone else is/was so heavly invested in the market.
Best thing about all this is that the price is tanking jsut as I ned to buy some GTC's.
Oh, and one more thing... is Clair your alt? |
EBANK Ricdic
Eve-Tech Savings n Loans
|
Posted - 2009.01.26 10:21:00 -
[60]
I unloaded about 10 units yesterday and 10 the day before to approx 360m buy orders. I also have a 13 unit sell order with 10 remaining at 370. They are by last 10. I don't believe the market would have fallen as a result of my few left overs.
|
|
|
|
|
Pages: 1 [2] 3 :: one page |
First page | Previous page | Next page | Last page |