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Skizar
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Posted - 2009.06.08 10:42:00 -
[1]
Okay i was annoyed when i had to pay 650 million for my GTCs as i used to pay 500-550 now thre up to 750? This is silly lets not push it so high that people wont buy and the market crashes!
Skizar
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Blane Xero
Amarr
The Firestorm Cartel
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Posted - 2009.06.08 10:45:00 -
[2]
This is a new and exciting/intelligent idea that nobody has ever attempted to pursue just to find out that it is pointless.
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Haruhiist since December 2008
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Kappas.
Galaxy Punks
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Posted - 2009.06.08 10:45:00 -
[3]
If nobody was paying 750m for them the price would come down anyway - trouble is someone always does.
__________________
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Rodger Wilcoe
ANZAC ALLIANCE
Southern Cross Alliance
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Posted - 2009.06.08 10:46:00 -
[4]
Two words:
Supply & Demand
It is a free market. Buyers will pay what they are willing to get what they need, and sellers will sell at what they want.
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Niccolado Starwalker
Shadow Templars
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Posted - 2009.06.08 10:47:00 -
[5]
 Originally by: Skizar
Okay i was annoyed when i had to pay 650 million for my GTCs as i used to pay 500-550 now thre up to 750? This is silly lets not push it so high that people wont buy and the market crashes!
Skizar
Then why not buy them by cash? they are dirtcheap anyway! 30-35 dollar or so for 60 days! And save your IG cash for ingame activities!
Originally by: Dianabolic
Your tears are absolutely divine, like a fine fine wine, rolling down your cheeks until they flow down the river of LOL |
Abrazzar
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Posted - 2009.06.08 10:49:00 -
[6]
Price spiked when CCP offered Fanfest tickets for PLEXes. It'll go down again once the demand is saturated. It'll take a while though. Better do more grinding.
--------
Ideas for: Mining
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Dragon Greg
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Posted - 2009.06.08 10:53:00 -
[7]
Originally by: Rodger Wilcoe
Two words:
Supply & Demand
It is a free market. Buyers will pay what they are willing to get what they need, and sellers will sell at what they want.
Hehe. No. Supply & Demand is subject to easy manipulation :-)
See Plexes, reselling is very lucrative, and CCP letting us pay for the fanfest with them is quite nifty from their point of view as well.
You can still pick up 60D GTC's for about 600-650M btw, just mostly during EU office hours in the second half of the work week.
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Tzar'rim
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Posted - 2009.06.08 10:56:00 -
[8]
Originally by: Niccolado Starwalker
Originally by: Skizar
Okay i was annoyed when i had to pay 650 million for my GTCs as i used to pay 500-550 now thre up to 750? This is silly lets not push it so high that people wont buy and the market crashes!
Skizar
Then why not buy them by cash? they are dirtcheap anyway! 30-35 dollar or so for 60 days! And save your IG cash for ingame activities!
Stop being so logical, jeez!
Self-proclaimed idiot
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Banana Torres
The Green Banana Corporation
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Posted - 2009.06.08 11:01:00 -
[9]
The long term trend price of GTCs is most surely up. The amount of money being created in the Eve universe makes the Bank of England look like amateurs. But in the same way as real life prices are going to rise cause of all the money being printed to get us out of the current situation, the prices of non player crafted stuff in Eve will relentlessly rise.
So my advice is buy early, buy often.
The player crafted stuff does not obey normal market rules cause a lot of it is produced for fun.
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Blane Xero
Amarr
The Firestorm Cartel
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Posted - 2009.06.08 11:05:00 -
[10]
I still think that the fact, that an old 90 day GTC was 400m~ compared to the current 350-400m PER MONTH deal we have now on PLEX/GTC is god-damned ridiculous. Unfortunately there are alot of mindless drones who are happy wasting 2-3 hours a day ever day for a month -just- to cover the GTC cost.
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Haruhiist since December 2008
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Tippia
Raddick Explorations
Intrepid Crossing
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Posted - 2009.06.08 11:10:00 -
[11]
Originally by: Skizar
This is silly lets not push it so high that people wont buy and the market crashes!
I find this part not just implausible, but actually next to impossible…
———
“If you're not willing to fight for what you have in ≡v≡…
you don't deserve it, and you will lose it.”
— Karath Piki |
Seibicoe
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Posted - 2009.06.08 11:50:00 -
[12]
Damn poor people stop whining and go farm me my ISK. |
Sky Marshal
IMpAct Corp
Tau Ceti Federation
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Posted - 2009.06.08 12:01:00 -
[13]
Originally by: Rodger Wilcoe
Two words:
Supply & Demand
It is a free market. Buyers will pay what they are willing to get what they need, and sellers will sell at what they want.
No, it isn't. It is free only above 550/600M, not less.
CCP decide of the minimum ISK price of the GTC, by raising or lowering the real price. The last time the real price of GTC was overboosted ( first time they "boost" something, to be honest  ), ISK price followed the CCP logic.
If CCP decide to make GTCs less expensive, ISK price would go lower too.
It is not a free market.
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Local is fine, period. |
Nel Tu
Minmatar
Thurisaz Robotics Corporation
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Posted - 2009.06.08 12:11:00 -
[14]
Originally by: Blane Xero
I still think that the fact, that an old 90 day GTC was 400m~ compared to the current 350-400m PER MONTH deal we have now on PLEX/GTC is god-damned ridiculous. Unfortunately there are alot of mindless drones who are happy wasting 2-3 hours a day ever day for a month -just- to cover the GTC cost.
I don't buy GTCs to be honest (I have this thing called a job, I heard they were rare but I camped the spawn and finally got one). But I can make 400m in two days just be doing 3-4 hours in a WH o.O. Made 759mil split between three people in 2 hours. Not that hard to do.
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Two things are infinite: the universe and human stupidity; and I'm not sure about the universe. |
Blane Xero
Amarr
The Firestorm Cartel
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Posted - 2009.06.08 12:11:00 -
[15]
Originally by: Sky Marshal
If CCP decide to make GTCs less expensive, ISK price would go lower too.
It is not a free market.
1. Its a Free Market when players decide the value of Isk to Real world Currency.
2. Given the fact that there is now precedent that they can get 600-700m for a 60 day GTC, the prices will now always be artificially gouged to such lengths. Simple logic; If people are buying it at that price they can afford it, and will continue to do so. Unless someone really broke the mold and suddenly flooded the place with 400-500m 60 day GTC's/200-250m plexes. But there is personal limitations that stop this; and when he/she could make another 150-200m easy PER GTC. The appeal is that "Personal isk > Other people's convenience"
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Haruhiist since December 2008
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Roddy Piper
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Posted - 2009.06.08 12:36:00 -
[16]
Edited by: Roddy Piper on 08/06/2009 12:45:55
The price of a 60 Day GTC will be going to 1 Billion and stay there..for awhile
GTC are meant for older players with high in game income or any player with high in game steady income which are usually well established players. They are not meant for new players that have to grind for days or weeks just to get a measly 750 Mill -1 Billion Isk which is pocket change to most older players.
Want to play for free you gotta put in the time :)
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wowtard
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Posted - 2009.06.08 12:39:00 -
[17]
GTCs exist for the convenience of people who pay for them with cash, not for the people who pay for them with ISK.
If you can't afford them at 700M, then boohoo, because there are obviously plenty of other people who can.
There are people swimming in tens of billions of ISK because they run complex industrial operations or know how to take advantage of the market. Your endless of hours of ratting/missioning just aren't worth that much anymore. Everyone and their mother can do it. Supply and demand. The bar has been raised and the spoils are going to the victors.
Stop feeling so entitled and go do something that makes more ISK than simply providing another warm body to EVE.
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Wai Ng'Tse
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Posted - 2009.06.08 13:40:00 -
[18]
Originally by: Niccolado Starwalker
Originally by: Skizar
Okay i was annoyed when i had to pay 650 million for my GTCs as i used to pay 500-550 now thre up to 750? This is silly lets not push it so high that people wont buy and the market crashes!
Skizar
Then why not buy them by cash? they are dirtcheap anyway! 30-35 dollar or so for 60 days! And save your IG cash for ingame activities!
Some people don't want to / can't afford to, do this.
Which is fine if that's how they play the game (I don't!), but I think that this might be because of people just having less disposable income to spend on the game. Therefore:
Fewer people spend RL money on GTC / subscription.
More people want to use ISK to pay for their subscription.
This has caused demand to be greater than supply, hence the ability for sellers to ask 750m :) |
Pohbis
Neo T.E.C.H.
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Posted - 2009.06.08 14:14:00 -
[19]
Originally by: Sky Marshal
Originally by: Rodger Wilcoe
Two words:
Supply & Demand
It is a free market. Buyers will pay what they are willing to get what they need, and sellers will sell at what they want.
No, it isn't. It is free only above 550/600M, not less.
CCP decide of the minimum ISK price of the GTC, by raising or lowering the real price. The last time the real price of GTC was overboosted ( first time they "boost" something, to be honest ), ISK price followed the CCP logic.
If CCP decide to make GTCs less expensive, ISK price would go lower too.
It is not a free market.
Please, show me this Ç to ISK conversion that CCP controls.
It's true that the RL price-movement of a GTC will result in the in-game cost moving up and down as well. There is however, nothing that says that the current cost equals 550/600M ISK. That convertion is entirely based on supply and demand.
Right now we have an economic crisis, a lot of people are holding on to every penny they got, others are now unemployed or working part-time. Thus, spending an extra amount of time grinding ISK to pay for ones gametime is now acceptable for a lot more people. More people wanting GTCs, higher cost. The RL price of a GTC is still the same as it was when they introduced 60day GTCs. In-game price much higher. Point proven, case closed.
Supply and Demand. |
Santiago Fahahrri
Galactic Geographic
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Posted - 2009.06.08 14:19:00 -
[20]
If you don't like the price don't buy 'em.
I've never bought one, or even gone so far as to look up how/where to buy them.
~ Santiago Fahahrri
Galactic Geographic |
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iudex
Caldari
State Protectorate
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Posted - 2009.06.08 15:02:00 -
[21]
Next to what people already said about supply and demand the value of GTC also directly reflect the popularity, success and value of Eve.
This can be explained when looking on how individuals make decisions to allocate limited resources, on what determines supply and demand.
The limited resource for a GTC seller is real life money, the product he buys is additional enjoyment of Eve by having additional isk. This enjoyment is affected by the state of Eve and can change in 2 ways:
a) If the game is great and successful in his eyes, it will have a higher meaning for him, he will be willing to spend more money for personal success in this game. He will sell more GTCs and/or at a price that is lower than if he doesn't give much about Eve. Result: If the value of Eve increases, people will be ready to spend more money for additional enjoyment of it (in terms of having more isk), GTC supply will rise, GTC price will go down.
b) If Eve turns out to be a fail-game for him, he either won't spend any additional rl money for it at all, or only at very high rates.
Result: If Eve loses it's appeal, is about to die and doesn't offer thrill and enjoyment, less people will be willing to spend their limited rl money for being successful in it (in terms of having more isk), the GTC supply will go down, GTC price will rise.
This conclusion is based on an assumption that the amount of isk/assets remains around the same and nothing else changes (ceteris paribus). Since this is changing, it's harder to establish a link between GTC price and the success of Eve, but it's still an indicator. And the longterm-trend of increasing GTC prices isn't a good sign for the well-being of Eve. |
Clair Bear
Perkone
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Posted - 2009.06.08 15:14:00 -
[22]
If you read the latest quarterly report you'll see the average ISK in people's wallets is double what it was at the time of the last quarterly report.
As people skill up they make ISK easier by faster ratting or whatnot. So as ISK has less value due to more and more supply game time buys ever more of it. |
SpaceSquirrels
Caldari
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Posted - 2009.06.08 15:23:00 -
[23]
Isk = fake money people easily make in a game.... gtc real money. Yeah higher price seems acceptable. If you don't like it pay 15 bucks a month.
_________________________
HATERS!!!!
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Rordan D'Kherr
Amarr
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Posted - 2009.06.08 15:36:00 -
[24]
Supply and demand.  |
Jinx Barker
Caldari
GFB Scientific
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Posted - 2009.06.08 15:40:00 -
[25]
Originally by: Skizar
Okay i was annoyed when i had to pay 650 million for my GTCs as i used to pay 500-550 now thre up to 750? This is silly lets not push it so high that people wont buy and the market crashes!
Skizar
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Pohbis
Neo T.E.C.H.
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Posted - 2009.06.08 15:42:00 -
[26]
Originally by: iudex
b) If Eve turns out to be a fail-game for him, he either won't spend any additional rl money for it at all, or only at very high rates.
Result: If Eve loses it's appeal, is about to die and doesn't offer thrill and enjoyment, less people will be willing to spend their limited rl money for being successful in it (in terms of having more isk), the GTC supply will go down, GTC price will rise.
I'd argue that if EVE "loses it's appeal, is about to die and doesn't offer thrill and enjoyment...", supply will go down, but demand will follow 
... but I'm lazy. So I'll just state it. |
wowtard
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Posted - 2009.06.08 15:56:00 -
[27]
Originally by: Clair Bear
If you read the latest quarterly report you'll see the average ISK in people's wallets is double what it was at the time of the last quarterly report.
There it is right there. Easier ISK is cheaper ISK.
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Cassiopeia Draco
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Posted - 2009.06.08 16:14:00 -
[28]
I agree with the OP the price on the GTC's has gone far too high, but I suspect they will peak about 850-900mil.
Supply/demand plays a part, but another reason is the increase in 30 day PLEX prices that occured when CCP announced that you could buy fanfest tickets with them.
So if PLEX's are going for 375-400mil in game, then GTCS' will naturally go for 700-750mil.
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Kendon Riddick
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Posted - 2009.06.08 16:21:00 -
[29]
pay 700+ mil by mining or mission splatting for a few hours every day for a month, or go collect some trollys at your local store for a few hours a month
your choice.
p.s. bu hu
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Arestan
Rising Sun Inc.
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Posted - 2009.06.08 16:27:00 -
[30]
Nice to see people who understand the world so well, especially the "get a job, you loser!" crowd. |
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