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Atomyc'al
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Posted - 2011.05.29 21:30:00 -
[1]
What in the world is happening with PLEX prices ? it's insane!
any discussion on the topic i might have missed ?
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Brock Nelson
Caldari T2 Technologies Unlimited SRS.
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Posted - 2011.05.29 21:32:00 -
[2]
PLEX discussion below...have you seen it?
Investor Relation | BSAC SE Listing |

Dibsi Dei
Salamyhkaisten kilta
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Posted - 2011.05.29 21:33:00 -
[3]
for some reason people want to wear clothes even though they are sitting all alone in the captains quarters
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Icanti
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Posted - 2011.05.29 21:37:00 -
[4]
Edited by: Icanti on 29/05/2011 21:37:43 Bubble.
We've seen it before in the plex market. Plex for fanfest anyone?
This is Eve we are talking about here, do CCP really think the people who play eve will pay for items which have no use? (Edit-And things that hardly anyone will ever see)
If people who play Eve cared about about things looked, they'd be playing a different game.
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The Illustrious Juden
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Posted - 2011.05.29 21:39:00 -
[5]
Oh, didn't notice, I've been postulating about how science can't really find answers for the deeper human need.
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HyperFaggas
The Official Hyperdallas Fanclub
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Posted - 2011.05.30 11:27:00 -
[6]
Its parth of ccp action to reduce amount of plex consumed ingame. After cosmic buff they saw a 15% increase in people buying plexes and no more rl $$ for ccp (explains first plex rise). Now ccp scared everyone out 0.0 into boring mission running they bought up all plex with alts and relist for higher. On this way ccp can fund the new station interieur develop ments and 2 other games they are develeping with eve funds.
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Steve Thomas
Minmatar Sebiestor Tribe
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Posted - 2011.05.30 18:52:00 -
[7]
actualy theres realy nothing keeping CCP from deciding that they need another 15,000 this month for whatever reason so why not dump enough ISK on the market to buy up 1000 low bids then just delete thoes Plex.
.End of line.
If your too paranoid to play EvE. . . ...then your not paranoid enough to play EvE ----------------
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Voddick
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Posted - 2011.05.30 20:16:00 -
[8]
Originally by: Steve Thomas actualy theres realy nothing keeping CCP from deciding that they need another 15,000 this month for whatever reason so why not dump enough ISK on the market to buy up 1000 low bids then just delete thoes Plex.
Does anyone else remember a month or so ago when Dr. Eyjo said they are looking at PLEX price manipulation to reduce the appeal of RMT?
This may sound great (from a CCP business standpoint): CCP manipulates the PLEX prices higher and higher to reduce the time/return ratio of RMT shops. BUT, I believe we are approaching a tipping point where ISK PLEX purchases are becoming out of reach for many 'casual' players. Thus, the manipulation actually lowers the demand for and supply of PLEX.
This is ofc speculation, but I would like to hear from others.
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Mortimer Civeri
Gallente Federal Navy Academy
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Posted - 2011.05.30 20:48:00 -
[9]
I don't know what ISK sellers are charging for the equivalent of $35 USD, but if CCP is trying to manipulate PLEX to match, that is the most ******ed thing imaginable, but it is CCP so what ever.
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egola
Amarr
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Posted - 2011.05.30 21:44:00 -
[10]
Edited by: egola on 30/05/2011 21:44:15
Originally by: Mortimer Civeri I don't know what ISK sellers are charging for the equivalent of $35 USD, but if CCP is trying to manipulate PLEX to match, that is the most ******ed thing imaginable, but it is CCP so what ever.
its horrible HORRIBLE to the gamers moral wise, but its one of the smartest move (the implementation of aurum) in the business sense. you are both eliminating outside RMT, encourage your OWN RMT, while removing liabilities in place of what? in-game pixels that they already developed?
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Vladya Blade
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Posted - 2011.05.31 14:13:00 -
[11]
"for some reason people want to wear clothes even though they are sitting all alone in the captains quarters"
this
next time/patch we will pay in Argintum to take a look when they change clothes
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Mortimer Civeri
Gallente Federal Navy Academy
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Posted - 2011.05.31 15:41:00 -
[12]
Higher plex costs would mean more isk spent keeping RMT bot accounts subbed but I imagine RMTers sell on "$$$ for X Billion Isk" instead of "$$$ for one PLEX" so really the biggest concern they would have is whether they have enough isk coming in to supply the more RMT orders coming in due to buyers needing more isk to cover higher plex prices and I'd imagine that isn't a problem (or its a problem they want.) |

Akita T
Caldari Navy Volunteer Task Force
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Posted - 2011.05.31 17:26:00 -
[13]
Edited by: Akita T on 31/05/2011 17:34:56
Originally by: Mortimer Civeri I don't know what ISK sellers are charging for the equivalent of $35 USD, but if CCP is trying to manipulate PLEX to match, that is the most ******ed thing imaginable, but it is CCP so what ever.
Originally by: Mortimer Civeri Higher plex costs would mean more isk spent keeping RMT bot accounts subbed but I imagine RMTers sell on "$$$ for X Billion Isk" instead of "$$$ for one PLEX" so really the biggest concern they would have is whether they have enough isk coming in to supply the more RMT orders coming in due to buyers needing more isk to cover higher plex prices and I'd imagine that isn't a problem (or its a problem they want.)
That's not quite how it works.
RMTers have to adjust their ISK sales price in such a way as to have the ISK worth of PLEX cost noticeably less than actually buying a PLEX with RL from CCP (otherwise, people would have no reason to risk buying ISK), so basically, they end up getting less cash for the same amount of ISK, and they don't receive a different total amount of cash from people purchasing ISK to purchase PLEX (or purchasing PLEX directly from them).
Also, since the "I want this ship and that fit" people generally "purchase X amount of ISK" (with less regard of $ cost) not "spend Y$ on however much ISK it buys", with people needing roughly the same amount of ISK in-game, RMTers see a downwards trend in their total revenue while selling more or less the same amount of ISK to these types of people. Remember, they HAVE to decrease their ISK sales price to noticeably below the legal via-PLEX exchange rate, otherwise nobody would be foolish enough to bother (they'd just buy GTC/PLEX from CCP and sell for ISK instead of going to a RMTer).
So overall, RMTers either have to shell out more ISK or make less RL money (or a bit of both) whenever PLEX prices are higher. Trust me, RMTers would like PLEX prices in ISK to be as low as possible, not the other way around. _
Make ISK||Build||React||1k papercuts
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moneykeeper
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Posted - 2011.05.31 18:01:00 -
[14]
Could be that less people are selling plex, due to the economic depression in the US. Or maybe CCP are manipulating the market. It is also possible that this is just speculation ahead of CCP's swindling microtransaction insanity. Or some combination of all of these.
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Diomedes Calypso
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Posted - 2011.05.31 18:58:00 -
[15]
Originally by: moneykeeper Could be that less people are selling plex, due to the economic depression in the US. Or maybe CCP are manipulating the market. It is also possible that this is just speculation ahead of CCP's swindling microtransaction insanity. Or some combination of all of these.
The economic situation was worse a year ago - even if not good its not worse
If CCP were manipulating the price, I'd think it would be to keep it from rising too much higher too quickly from 400... probably slighlyt above an ideal price for sales and game balance today.. next year? thats another matter.
There is no question that introducing another use for plex and the antipation of it would be a push to net accumulation of plex now, and pushing upward of the needed supply in the future --- if the pace of introducing plex doesn't rise the price will rise till demand and supply meet (but that could potentially be at a price where both demand and supply are lower than today if left to free market balancing)
CCP has taken one material and already availble step to increase supply of plex: the plex for buddy invite option. Obviously it hasn't been enough to maintain the price level although its pretty new.
The big enchilada questions for me would be ....what is the pace of new subscriptions all things being equal, people will stop selling plex for isk as the begin to lose interest but will keep accounts active, especially those with huge piles of isk .....I beleive a shrinking player base would tend to send plex prices upward somewhat , but of course at a high enough level people will start matching the decrease by closing alt accounts too...still there is built in tendency for a disparity.
Wars... there have been large wars continually since the beginning of the year, with more capital losses than ever. I'd imagine the first time or two someone lost a carrier , they'd be more likely to break out a credit card to replace it than they would subsequently.
While the majority of players have farmed or traded or manufactured for their capitals, even 5% of the losses being covered with plex sales would be significant as each carrier is more than 2 months play but was 3 plexes not long ago.... a super carrier is 80 Plex (thats 6 accoutns for a year) . Given the size of these demands they play a signicant part of the supply equation even if they are not the most common plex sale situation. If people are getting burned out and have lost their share, that could cutting a 5% replacement with $ rate to a 3% replacement with $ rate could drop plex supply 10%?maybe even if less if there were equilibrium at a lower level that would be an issue.
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Zee Death
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Posted - 2011.05.31 23:52:00 -
[16]
I love it... UP UP UP to around 450-480M At last my GTC's are now worth trading for ISK.
For all you others... Work harder dogs...
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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2011.06.01 00:04:00 -
[17]
1b plex or bust!
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Mr Dilkington
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Posted - 2011.06.01 01:18:00 -
[18]
I cant get in game for a few days, how high is it ?
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Paladinhunt
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Posted - 2011.06.01 04:17:00 -
[19]
Rev up those protein delicacies!
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Takashi Sato
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Posted - 2011.06.01 05:51:00 -
[20]
Some cant afford to pay for their game through cash and rely on buying plex to keep their accounts active. Over 400m and one account almost has to work at making isk 40 hours a week to keep the isk rolling in fast enough. |
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Diomedes Calypso
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Posted - 2011.06.01 06:02:00 -
[21]
Originally by: Takashi Sato Some cant afford to pay for their game through cash and rely on buying plex to keep their accounts active. Over 400m and one account almost has to work at making isk 40 hours a week to keep the isk rolling in fast enough.
are you trying to pay for plex running level 2 missions ?
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Murauke
Perkone
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Posted - 2011.06.01 08:54:00 -
[22]
I tried to come up with an answer to this before and got burned, the way i see it, people are not subbing their accounts so plexes are not being generated.
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Xylorn Hasher
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Posted - 2011.06.01 09:48:00 -
[23]
It is all player manipulation on PLEX prices as we have seen many times ago with a diffrence that CCP made another use for PLEX. I expect that CCP will expand with micro transaction idea. Maybe station rental fee for bars and shops payed in new currency who knows. After all they did microtransactions for purpose and once implemented it won't be step back in my opinion. Of course it is in CCP best interest to keep PLEX prices at high level and force players to pay for game real cash or leave which will be also good for game as they aren't valuable customers from CCP's point of view. ( doesn't pay for game )
Why? because less number of hisec Farmers for Plex (FFP) will make prices of items go high and make Eve economy healthier.
In conclussion. I'm afraid its beginning of end paying for game by ISK. We have to remember that summer holydays are coming which always make PLEX prices high. I'm expecting them to rise above 500m this summer.
I think PLEX prices will stabilise on new level propably around 450m in time ( after summer holydays )and stay on that level unless CCP will expand with micro transaction idea.
Anyway it's great time for speculation on PLEX market.
Wish you great profits
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Cpl Ferro
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Posted - 2011.06.01 10:13:00 -
[24]
TLDR Version:
Makes the prices rise: - Players who for some reason cannot pay for their account(s) that require game time - New shiny things on the horizon - Belief that the prices will be higher -> Players with lots of ISK investing in PLEX
Might make the prices lower: - Investors begin to sell their stockpiled PLEX
Though the PLEX value will obviously never crash completly, since there always will be people who want to play for free.
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Aoki Ayumi
University of Caille
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Posted - 2011.06.01 12:00:00 -
[25]
Originally by: Cpl Ferro Edited by: Cpl Ferro on 01/06/2011 10:21:08 TLDR Version:
Makes the prices rise: - Players who for some reason cannot pay for their account(s) that require game time - New shiny things on the horizon - Belief that the prices will be higher -> Players with lots of ISK investing in PLEX
Might make the prices lower: - Investors begin to sell their stockpiled PLEX
Though the PLEX value will obviously never crash completly, since there always will be people who want to play for free.
Drama: Ironically, the players who are speculating in PLEX (like the poster above) make the prices higher. Some of these players are the same players who generally use PLEX to pay for their accounts and complain when the prices get higher.
CCP and everybody, please, read this. Now read it again. Now, please, CCP low down the plex prices. STOP THIS MADNESS. Thanks.
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Steve Seninard
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Posted - 2011.06.01 22:08:00 -
[26]
Originally by: Aoki Ayumi
Originally by: Cpl Ferro Edited by: Cpl Ferro on 01/06/2011 10:21:08 TLDR Version:
Makes the prices rise: - Players who for some reason cannot pay for their account(s) that require game time - New shiny things on the horizon - Belief that the prices will be higher -> Players with lots of ISK investing in PLEX
Might make the prices lower: - Investors begin to sell their stockpiled PLEX
Though the PLEX value will obviously never crash completly, since there always will be people who want to play for free.
Drama: Ironically, the players who are speculating in PLEX (like the poster above) make the prices higher. Some of these players are the same players who generally use PLEX to pay for their accounts and complain when the prices get higher.
CCP and everybody, please, read this. Now read it again. Now, please, CCP low down the plex prices. STOP THIS MADNESS. Thanks.
Get a job.
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Zee Death
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Posted - 2011.06.01 22:12:00 -
[27]
Edited by: Zee Death on 01/06/2011 22:16:42 I got a 100 plex @ 350 2 weeks ago, now plex are 409M
I just realized, I made a cool (100x59M= 5900) 5.9 Billion less taxes.... wow, I'm doing this again, nothing ventured nothing gained.....
edit:
Look at it this way, if I'd bought 50 GTC's @ $34.99 = $1750, I would of got (@350M isk/ plex) 35 Billion but now it's worth (2 weeks on) 40.9 Billion.
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Vincent Athena
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Posted - 2011.06.02 20:27:00 -
[28]
Just checked the Jita PLEX price. 401M, just a little higher than it was before the Aurum was announced. Id say things are rather stable, and not insane.
A quick google search found that RMT ISK is selling for 400m for $11.00 vs 1 PLEX per $17.50 from CCP.
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Vilgan Mazran
SniggWaffe FREE KARTTOON NOW
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Posted - 2011.06.02 22:42:00 -
[29]
I confess to speculating a bit, but more to protect myself. I bought 30 for 400ish. I wouldn't be surprised at all to lose money on it. However, I pay for everything via plex so it is kind of hedging my bets as I don't want to end up forking over 500M-600M or some nonsense for a plex around midsummer because prices are going ape**** with speculation and whatnot. I would be surprised to see it plummet to 250ish again (and I can just hold on to them for a bit if that happens) so not a huge risk to get some protection against some possibly extortionate plex prices later.
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Alter X
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Posted - 2011.06.03 02:32:00 -
[30]
Originally by: Cpl Ferro Edited by: Cpl Ferro on 01/06/2011 10:21:08 TLDR Version: Might make the prices lower: - Investors begin to sell their stockpiled PLEX
I think you missed the major factor here - demand for plexes.
There are a couple of opposing factors at play here, with AUR coming into play, that's going to increase the demand for plex as more players who don't currently buy it will buy some just to bling their character in CQ a bit... whether this will just be a short-term issue until they're bored with CQ or lasts longer is unknown at this stage (walking around for 10 mins on the test server pretty much exhauseted my need for it!).
On the down side:
- The higher prices go, the more players will disable some of their alt accounts... I know some people who have 9 accounts all paid for by plex - there has to come a point where some of those will need to be shut down.
- With more botters getting banned, that'll disable more accounts currently paid for by plex
- ...and the big unknown one right now - how many players will we lose when the Incarna patch hits and their computers can no longer satisfactorily run EVE... the number who can't start it may be quite low, but there will be a lot of people who have pixel shader 3 cards who simply will no longer have the performance they need.... this could turn out to be a blip, or a real concern for the short-medium term.
- CCP plex regulation: I think CCP will want to keep the plex price quite low - it's in their best interest to make people buy 3 plex if then need 1bil isk... not just 1 or 2. That will also serve to keep the number of alt aco****s players use higher (makes the overall subscription numbers look good), but at the same time they need to keep the balance there so it's still worth it for players to spend the cash. I don't think the price would need to get much higher before CCP start flooding the market with extra plex on fake player accounts to drive the price back down under the 400m mark.
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Caliph Muhammed
Caldari Caldari Naval Command Intelligence Security
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Posted - 2011.06.03 03:09:00 -
[31]
You can not control the price of plex. If I buy plex to resell on the market, I set the price im willing to let it go for. Not CCP.
There is no way for CCP to stealth sell Plex at a price that would make a difference. No one but a force intending to lower the price would cut themselves out of an extra 150 mil per unit (random number there) to help out the people who can't afford to pay a subscription. Once it became apparent that the free market aspect to plex was gone, the plex sales would plummet. We know the people complaining about the price aren't going to make up the lost sales as they are stating they can't afford a $15 sub to begin with.
If the market says a plex is worth 1 billion by virtue of the most able willing to pay it, then a plex is worth 1 billion. If you can't afford them anymore that's to bad. You were never promised the ability to play for free, only to have the option available should you be able to afford the isk to do so.
Honestly, the reason the plex price is so high is do to the fact everyone and their mother wants an alt account. It is the primary reason for the incredible demand and limited supply we currently have. And it's only going up from here unless subscription numbers start to go negative, which is contrary to any MMO companies desired course.
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Alter X
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Posted - 2011.06.03 03:33:00 -
[32]
Of course you can set whatever price you want... but if others are selling for less than you want to, those are going to get bought and yours will still be sitting there... basic supply and demand says that if more of an item is for sale than the number being brought, price (via competition) will go down accordingly.
CCP have already stated they are monitoring the plex price and will intervene if they see a need (and it's not in their best interest to get too high)... the most likely way they will intervene is to put additional plex on the market and slowly drop the price (which will happen pretty quick and with limited CCP involvement from all the 0.01 trading).
Is it caused predominately by alt accounts - sure, are CCP in a sticky situation because closing alt accounts will show negative growth - sure (why do you think they just changed the buddy program to let people add extra accounts easier!)... are they going to sit by and let everyone close their alt accounts because they can no longer afford a plex? I don't think so.
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Caliph Muhammed
Caldari Caldari Naval Command Intelligence Security
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Posted - 2011.06.03 04:10:00 -
[33]
Edited by: Caliph Muhammed on 03/06/2011 04:12:15 "Of course you can set whatever price you want... but if others are selling for less than you want to, those are going to get bought and yours will still be sitting there... basic supply and demand says that if more of an item is for sale than the number being brought, price (via competition) will go down accordingly."
I think we have to differentiate between the types of sellers and buyers.
Type 1 is the seller who uses real life cash to purchase a PLEX. Only this type physically puts cash into the companies pocket.
Type 2 is the seller who uses in game isk to buy plex for resale to others in game for plex at a profit. This seller never puts cash in the companies hand. What he does has no effect on anything relative to the matter at hand (plex) outside of helping to raise or lower the in game price.
Type 3 is the buyer. There is only one type of real buyer and that is the one who uses the plex. This guy puts no money into the companies hand if he plays purely thru plex acquired through in game isk. If he pays a sub then he is by default a typical player and isn't really relative to the plex market.
Now back to what I said in the first post with some clarification from the types of plex sellers/buyers. There is no way outside of selling plex directly in game from the company to the buyer to influence the price of market plex.
If the company decides to sell a limited quantity of plex for isk then the resellers will purchase the plex and price it accordingly to the current market, which will make its price exactly as it is now.
If the company decides to sell plex directly in unlimited quantities the type 1 reseller will have no purpose for buying plex as he could only resell it for the same amount he bought it for. That means all direct non subscription cash ends for the company.
Now to deal with the argument some put forth about stealth sales in limited quantities under cutting the market. Not only would it be completely transparent by virtue of its steady price undercutting and stock supply it would still by default be bought out by the resellers and resold for the current market price. Therefore it would default to the previous statement I made about the company selling limited quantities openly to the public.
"CCP have already stated they are monitoring the plex price and will intervene if they see a need (and it's not in their best interest to get too high)... the most likely way they will intervene is to put additional plex on the market and slowly drop the price (which will happen pretty quick and with limited CCP involvement from all the 0.01 trading)."
They can say whatever they want, the reality of the situation is they either sell it for isk and forego cash sales for plex or sell it for cash and let the market dictate the price. There is no workable way to do both. Which leads me to my final argument against your final statement.
"Is it caused predominately by alt accounts - sure, are CCP in a sticky situation because closing alt accounts will show negative growth - sure (why do you think they just changed the buddy program to let people add extra accounts easier!)... are they going to sit by and let everyone close their alt accounts because they can no longer afford a plex? I don't think so."
Showing negative subscription numbers from closed ISK paid alt accounts is what your pitting against showing positive cash income from non-subscription direct cash injection plex sales. There is no argument. Giving an appearance of bloated subscription numbers is irrelevant when compared to income. There is no debate no discussion to be had, one is going to win 100% of the time no matter how much many wished otherwise.
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clixor
Celluloid Gurus
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Posted - 2011.06.03 09:43:00 -
[34]
Edited by: clixor on 03/06/2011 09:44:00
Originally by: Caliph Muhammed
"Is it caused predominately by alt accounts - sure, are CCP in a sticky situation because closing alt accounts will show negative growth - sure (why do you think they just changed the buddy program to let people add extra accounts easier!)... are they going to sit by and let everyone close their alt accounts because they can no longer afford a plex? I don't think so."
Does it cross anyone minds that it's called the BUDDY program? The primary goal is to let gamers do the marketing for CCP. Is it used for ALTS? ofcourse.
I can't think of another MMO that is so ALT infested as EVE. In business terms this is a RISK, if there are 1.3 accounts per user, and 1 user quits, they lose 1.3 accounts, if there is 1.01 account per user than there is simnply less risk for CCP.
It's clear that with Incarna and any future updates, we are going to see features that increase the perceived identification with a certain character. This makes you do microtransactions (spend cash) and increases revenue per account.
There also will be increased interaction between players which reduce the willingness to login ALTs all the time, because, you know, my virtual friends will miss me at the pixelbar.
What has this to do with PLEX? Well, considering above points there is no logical reason why CCP would protect PLEX prices at all. Acutally not being to afford a PLEX is a good thing in that perspective.
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Ludacrys
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Posted - 2011.06.03 09:52:00 -
[35]
CCP is never going to create plex and sell it for ISK, that would be shooting themselves in the foot, what they can do is set the maximum price you can sell a plex for. IE: if you try to set an order or contract for more than X you wont be able to do it. Only they know how much X is tho.
note: i dont believe they will do anything at all, they just said they might so speculators go ruin some other market instead
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brutus flex
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Posted - 2011.06.03 11:26:00 -
[36]
Lol
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Caliph Muhammed
Caldari Caldari Naval Command Intelligence Security
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Posted - 2011.06.03 16:03:00 -
[37]
Edited by: Caliph Muhammed on 03/06/2011 16:03:55
Originally by: Ludacrys CCP is never going to create plex and sell it for ISK, that would be shooting themselves in the foot, what they can do is set the maximum price you can sell a plex for. IE: if you try to set an order or contract for more than X you wont be able to do it. Only they know how much X is tho.
note: i dont believe they will do anything at all, they just said they might so speculators go ruin some other market instead
I understand your position and line of thought but for the sake of debate can you imagine the slippery slope that would take us on? A little box pops up with a message thats says "We're sorry but Cap Recharger IIs have a max resale value of 1.5 million isk. Please enter a price below that maximum for your market order to be listed."
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The Illustrious Juden
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Posted - 2011.06.03 16:31:00 -
[38]
Originally by: Ludacrys they just said they might so speculators go ruin some other market instead
If no one was speculating, you wouldn't have any warning.
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Cpl Ferro
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Posted - 2011.06.04 00:21:00 -
[39]
Edited by: Cpl Ferro on 04/06/2011 00:24:25
Originally by: Alter X
Originally by: Cpl Ferro Edited by: Cpl Ferro on 01/06/2011 10:21:08 TLDR Version: Might make the prices lower: - Investors begin to sell their stockpiled PLEX
I think you missed the major factor here - demand for plexes.
I didn't miss it, you're just taking parts of my post out of it's context. What you are suggesting is fully covered in my TLDR post, under the first paragraph:
Makes the prices rise: - Players who for some reason cannot pay for their account(s) that require game time - New shiny things on the horizon - Belief that the prices will be higher -> Players with lots of ISK investing in PLEX
The AUR you speak of, is what creates a belief of higher expected value, or belief in higher demand of PLEX as you put it. Hence people invest. And yes, so far it's only a belief. What will happen once the AUR is implemented we cannot for sure tell.
To summarise, if the believers are correct, the market might stabilize, or the price might go up. If they are wrong, the prices will fall!
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Juliette DuBois
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Posted - 2011.06.04 02:51:00 -
[40]
I wonder if any character/corp currently has so much isk that he could just buy every PLEX from 4 major trade hubs and punch up the price by 10% every now and then? How many Plexes are currently for sale anyway... 
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PuffnSnuff
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Posted - 2011.06.04 03:51:00 -
[41]
Originally by: Juliette DuBois I wonder if any character/corp currently has so much isk that he could just buy every PLEX from 4 major trade hubs and punch up the price by 10% every now and then? How many Plexes are currently for sale anyway... 
Not only would the price of this venture be astronomical, but it would most likely fail due to the fact that CCP monitors for this sort of action. They have an interest to keep the price from being too low or high and so if a group of people attempted to manipulate prices too much they would intervene.
I'm sure someone, somewhere has the amount of isk to do it but you'd have to do it for a few days in order for the prices to stay in place.
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clixor
Celluloid Gurus
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Posted - 2011.06.04 09:54:00 -
[42]
Originally by: PuffnSnuff
Originally by: Juliette DuBois I wonder if any character/corp currently has so much isk that he could just buy every PLEX from 4 major trade hubs and punch up the price by 10% every now and then? How many Plexes are currently for sale anyway... 
Not only would the price of this venture be astronomical, but it would most likely fail due to the fact that CCP monitors for this sort of action. They have an interest to keep the price from being too low or high and so if a group of people attempted to manipulate prices too much they would intervene.
I'm sure someone, somewhere has the amount of isk to do it but you'd have to do it for a few days in order for the prices to stay in place.
What is CCP going to do? Send a mail begging to stop using perfectly valid game mechanics? 
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Florestan Bronstein
draketrain Test Alliance Please Ignore
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Posted - 2011.06.04 10:05:00 -
[43]
Originally by: clixor What is CCP going to do? Send a mail begging to stop using perfectly valid game mechanics? 
quoting myself (posted in some GD thread):
Originally by: Florestan Bronstein Edited by: Florestan Bronstein on 03/06/2011 08:47:23
Originally by: Mnengli Noiliffe are you people blind?
PLEX prices are ALREADY being controlled!
look at them, they used to rise like crazy and now they are actually falling. it used to be 404 on buy order and 414 on sell, now its less than 400 buy orders and less than 410 on sells.
maybe they are, maybe they are not 
That's the beauty of expectations... if people feel that PLEX prices may be too high any trader can just start setting up very small quantity orders at lower prices that look somehow artificial (afaik that's pretty much what was observed yesterday - a number of small quantity sell orders at fixed offsets from each others) and everyone will go into "OMG CCP MARKET CONTROLZ" mode and plex prices fall.
If EyjoG wanted lower PLEX prices he would just have to say so (without doing anything in-game) - I doubt that any speculator would be crazy enough to call the bluff and fight CCP over PLEX prices.
However, the idea of "Jita vs EyjoG" is one I like - a trader syndicate with enough ISK could try to force PLEX prices above whatever threshold EyjoG might deem reasonable and force CCP to create large amounts of free gametime in response. If you have too much ISK and always wanted to hurt CCP's bottom-line that's the way to go . Who knows - maybe CCP would even devalue PLEX (e.g. make it convert to just 15 days of gametime) if you can sustain the manipulation for long enough.
So maybe EyjoG should indeed rely on covert manipulations that can not clearly be attributed to him to hide his ideas about the range of "good" PLEX prices ...
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