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deeks87 deacon
Industrial Guard Constabulary
8
|
Posted - 2014.03.13 12:36:00 -
[1] - Quote
When i joined eve i remember a plex was 500m isk at best, now to plex my accounts it's costing me almost 700m isk and going up. Is there a reason for this and is it some ploy by CCP to force us to use RL cash to line there greedy CCP pockets? Those who forget the past, are destined to revisit it! |

jenks jenki
Industrial Guard Constabulary
1
|
Posted - 2014.03.13 12:43:00 -
[2] - Quote
I know exactly what you mean, it does just seem to get more and more to keep my accounts going and the cost of ore is staying the same. I think it wont be long before it start forcing high sec players out of the game. |

flakeys
The Mjolnir Bloc The Bloc
2089
|
Posted - 2014.03.13 12:53:00 -
[3] - Quote
jenks jenki wrote:I know exactly what you mean, it does just seem to get more and more to keep my accounts going and the cost of ore is staying the same. I think it wont be long before it start forcing high sec players out of the game.
Because nullsec life is SO much better in isk/hour rate ? 
Using plex for your accounts is a choice and nothing more as you are free to pay for your account with rl cash instead of ingame isk.Offcourse if you think eve is too **** to spend rl cash on then i can understand why people complain.
We are all born ignorant, but one must work hard to remain stupid.
|

Setsune Rin
Collapsed Out Shadow Cartel
155
|
Posted - 2014.03.13 13:10:00 -
[4] - Quote
the entitlement on these people....it's like they don't understand how plex work
NEWFLASH:
PLEX are not created on some whim by ccp, nobody plays this game for free some other customer is paying your subscription if you're buying plex for isk.
they're just so tired of your **** that they're increasing the prices on you. |

Ambo
CTRL-Q Iron Oxide.
98
|
Posted - 2014.03.13 13:23:00 -
[5] - Quote
Setsune Rin wrote:is it some ploy by CCP to force us to use RL cash to line there greedy CCP pockets?
Actually, CCP would probably rather everyone paid for their game time through plex.
If I sub for one month, it costs me -ú9.99. If some scrub buys a plex to sell to me and I use that to get 30 days of game time then said scrub has paid CCP -ú16.99 for the plex. So yeah, CCP couldn't care less about the ingame price of plex, other than the fact that a higher price probably means less people paying for game time through plex which as we've already determined above, leads to less money in CCP's pocket. i.e. if anything, CCP would want lower ISK per plex, not higher. |

Varius Xeral
Galactic Trade Syndicate
2299
|
Posted - 2014.03.13 13:40:00 -
[6] - Quote
Yeah, we should create a committee of university professors, mothers, and community activists to decide the fair price for a plex. Official Representative of The Nullsec Zealot Cabal |

deeks87 deacon
Industrial Guard Constabulary
8
|
Posted - 2014.03.13 13:46:00 -
[7] - Quote
Varius Xeral wrote:Yeah, we should create a committee of university professors, mothers, and community activists to decide the fair price for a plex.
How about we just burn jita  Those who forget the past, are destined to revisit it! |

Samroski
Games Inc. The Night Crew Alliance
449
|
Posted - 2014.03.13 13:56:00 -
[8] - Quote
PLEX will hit 800 by Christmas and 1B within two years. Buy now. Any colour you like. |

Abidal Trekt
State War Academy Caldari State
7
|
Posted - 2014.03.13 13:58:00 -
[9] - Quote
OP is right. We need some kind of... Five-Year plan. |

The Antiquarian
Imperial Academy Amarr Empire
1858
|
Posted - 2014.03.13 14:18:00 -
[10] - Quote
If everyone were to use ingame means to fund their subscription, CCP would be bankrupt and we will be left with Star Citizen dingleberry poop.
As much as we love free stuff, there should be some boundary. CCP is already doing a great favor by letting the experienced to be able to fund the subscription via PLEX.
You are meant to enjoy EVE Online. If you have an increasingly hard time funding subscription via ingame PLEX, then I suggest that you pay with actual dollars to play this great game. |
|

Baron Chauman
Dread Phoenix Society Fidelas Constans
11
|
Posted - 2014.03.13 14:25:00 -
[11] - Quote
The Antiquarian wrote:You are meant to enjoy EVE Online. If you have an increasingly hard time funding subscription via ingame PLEX, then I suggest that you pay with actual dollars to play this great game.
Or find another game to play for a few years until the next offer of a free month to return. An important reason some of us play eve is because we don't have to pay real money for it. |

350125GO
Sebiestor Tribe Minmatar Republic
1
|
Posted - 2014.03.13 14:35:00 -
[12] - Quote
The Antiquarian wrote:If everyone were to use ingame means to fund their subscription, CCP would be bankrupt and we will be left with Star Citizen dingleberry poop..
Your logic is right, but in-game PLEX are not infinite. They are only created when someone pays for one out of game with real world money. They don't just respawn every day after DT. So ingame there's a finite supply, thus normal market mechanics apply.
Therefore, all your seeing is supply and demand. As demand outpaces supply prices go up. In this case it could be due to the influx of new players and returning players (like myself) after BR-5, speculators trying to make long-term investments, or a combination of both.
When you see buy orders in Jita for 75 Plex at a time at decent prices you know it's more likely the speculators driving prices up rather than the PLEX sellers. New players and returning players trying to get isk will just unload at the buy price rather than list on the market to try to get an extra 20-30mil out of it. They don't generally have the patience to wait it out. They had to wait 3-5hrs for the PLEX to show up to begin with, they don't want to wait more to get their iskies.
So, everyone complaining on this forum about the cost of PLEX really should be looking at the members of this forum, and not complaining about CCP. |

enterprisePSI
264
|
Posted - 2014.03.13 14:38:00 -
[13] - Quote
I , for one, welcome those pricey plexes . The tears of the many, outweigh the tears of the few. Or the one. enterprise-psi-¬
|

Baron Chauman
Dread Phoenix Society Fidelas Constans
12
|
Posted - 2014.03.13 14:39:00 -
[14] - Quote
350125GO wrote:So, everyone complaining on this forum about the cost of PLEX really should be looking at the members of this forum, and not complaining about CCP.
Yeah, lets go gank some of those 20-alt mackinaw gangs and hope they stop playing, that's one way to decrease demand. |

350125GO
Sebiestor Tribe Minmatar Republic
1
|
Posted - 2014.03.13 14:49:00 -
[15] - Quote
Baron Chauman wrote: Yeah, lets go gank some of those 20-alt mackinaw gangs and hope they stop playing, that's one way to decrease demand.
That is a viable profession for some. ;) |

flakeys
The Mjolnir Bloc The Bloc
2093
|
Posted - 2014.03.13 15:08:00 -
[16] - Quote
350125GO wrote: So, everyone complaining on this forum about the cost of PLEX really should be looking at the members of this forum, and not complaining about CCP.
Good thing then that those complaining aren't regulars here obviously so they wouldn't know who to complain to even if they took your reasoning for truth .
We are all born ignorant, but one must work hard to remain stupid.
|

I LIKE IT
HIGH RISK INVESTMENT
151
|
Posted - 2014.03.13 15:18:00 -
[17] - Quote
I FOR ONE WELCOME OUR NEW PLEX HOARDING OVERLORDS |

Cashevening Moolah
State War Academy Caldari State
0
|
Posted - 2014.03.13 16:21:00 -
[18] - Quote
deeks87 deacon wrote:When i joined eve i remember a plex was 500m isk at best, now to plex my accounts it's costing me almost 700m isk and going up. Is there a reason for this and is it some ploy by CCP to force us to use RL cash to line there greedy CCP pockets?
PLEX were averaging around 450m ISK at 11/13. Where have you been?
It isn't about CCP being greedy. People made it clear that CCP's banned player account become liquidated. Instead of the seized accounts destroying economy, CCP did what it cans to protect it by releasing money back into the economy.
Annual cost of living increase in real life makes its impact on Eve Online's economy too! |

Batelle
HOMELE55
2230
|
Posted - 2014.03.13 16:42:00 -
[19] - Quote
Quote:I don't know how PLEX works or supply and demand but the cost is up so I blame CCP for being greedy. "CCP is changing policy, and has asked that we discontinue the bonus credit program after November 7th. So until then, enjoy a super-bonus of 1B Blink Credit for each 60-day GTC you buy!"
Never forget. |

The Antiquarian
Imperial Academy Amarr Empire
1858
|
Posted - 2014.03.13 18:06:00 -
[20] - Quote
Batelle wrote:Quote:I don't know how PLEX works or supply and demand but the cost is up so I blame CCP for being greedy.
The usual "Occupy Wall Street" mentality. Blame corporations and large companies for all the worlds' problems. |
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Baron Chauman
Dread Phoenix Society Fidelas Constans
12
|
Posted - 2014.03.13 18:14:00 -
[21] - Quote
The Antiquarian wrote:The usual "Occupy Wall Street" mentality. Blame corporations and large companies for all the worlds' problems.
Yeah why blame the people who own the entire planet for how it's doing? You just have to become one of them, it's that simple. Just be less poor. |

Bad Bobby
Bring Me Sunshine In Tea We Trust
315
|
Posted - 2014.03.13 18:29:00 -
[22] - Quote
Baron Chauman wrote:The Antiquarian wrote:The usual "Occupy Wall Street" mentality. Blame corporations and large companies for all the worlds' problems. Yeah why blame the people who own the entire planet for how it's doing? You just have to become one of them, it's that simple. Just be less poor. The rich may "own the entire planet" but that doesn't give them super-human powers.
Owning something, be it a car, home, company or country doesn't mean you can fix its problems... or even understand them. |

Baron Chauman
Dread Phoenix Society Fidelas Constans
12
|
Posted - 2014.03.13 18:39:00 -
[23] - Quote
Bad Bobby wrote:The rich may "own the entire planet" but that doesn't give them super-human powers.
Owning something, be it a car, home, company or country doesn't mean you can fix its problems... or even understand them.
Nope, but it at least makes it easier to turn your assets into even more assets (even if that means your average guy can't afford his plex/house anymore). They seem to understand how to do that just fine. |

Julius Rigel
161
|
Posted - 2014.03.14 09:28:00 -
[24] - Quote
deeks87 deacon wrote:When i joined eve i remember a plex was 500m isk at best, now to plex my accounts it's costing me almost 700m isk and going up. Welcome to EVE! I hope you've had a pleasant couple of years so far. When I joined eve, I remember a "PLEX" (they were called 30day GTCs back then) was 180m ISK and rising.
deeks87 deacon wrote:Is there a reason for this Yes, there is a reason for this. It doesn't really have all that much to do with PLEX itself, but the fact that players are printing truckloads of ISK every day by running missions, killing NPCs, claiming insurance, and so on, and only burning a handful in the form of taxes, LP store, corporate fees, etc..
The same thing is happening to ores / minerals - thousands of players spend their entire playtime mining or looting missions (printing minerals), and almost never cause any explosions that make minerals disappear. For every unit of, say, tritanium a miner creates, the value of each individual piece of tritanium goes down by an immeasurable fraction. For every tritanium you destroy, the value of each tritanium goes up a little bit.
So as long more tritanium is created, and less tritanium is destroyed than is created, the value of individual tritanium pieces goes down.
The same applies to all items in the game, even PLEX. The difference is that PLEX doesn't grow on trees, per se. There are no "PLEX belts" you can mine for an infinitely respawning source of PLEX. So the number of PLEX in the game is not rising nearly as fast as the number of minerals or ISK.
Thus, if you want to exchange your ISK for PLEX, you'll want to do it now, while the ISK is still worth more than 4 milliseconds of gametime. Do YOU like to undock? |

Adunh Slavy
1345
|
Posted - 2014.03.14 09:29:00 -
[25] - Quote
350125GO wrote: Therefore, all your seeing is supply and demand.
Don't forget the supply and demand of money. Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.-á-á- William Pitt |

Vaerah Vahrokha
Vahrokh Consulting
5274
|
Posted - 2014.03.14 15:28:00 -
[26] - Quote
Baron Chauman wrote:The Antiquarian wrote:The usual "Occupy Wall Street" mentality. Blame corporations and large companies for all the worlds' problems. Yeah why blame the people who own the entire planet for how it's doing? You just have to become one of them, it's that simple. Just be less poor.
If they took the planet, it's because the others did not fight to avoid that.
Many were bought up, showing they are no better than those "owners". Many more were just spineless amoebas who let others play their cards. Big surprise, their cards lost. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Vaerah Vahrokha
Vahrokh Consulting
5274
|
Posted - 2014.03.14 15:43:00 -
[27] - Quote
Julius Rigel wrote: The same applies to all items in the game, even PLEX. The difference is that PLEX doesn't grow on trees, per se. There are no "PLEX belts" you can mine for an infinitely respawning source of PLEX.
Whenever I want to mine in a PLEX belt, all I have to do is to open the markets window 
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Oska Rus
Free Ice Cream People
150
|
Posted - 2014.03.14 17:10:00 -
[28] - Quote
Few years at least imho. PLEX price grows but not that rapidly. If your ingame income doesnt grow faster than plex you probably suck in eve. |

Joshua Foiritain
Coreli Corporation Ineluctable.
576
|
Posted - 2014.03.15 11:27:00 -
[29] - Quote
The Antiquarian wrote:If everyone were to use ingame means to fund their subscription, CCP would be bankrupt and we will be left with Star Citizen dingleberry poop.
As much as we love free stuff, there should be some boundary. CCP is already doing a great favor by letting the experienced to be able to fund the subscription via PLEX.
You are meant to enjoy EVE Online. If you have an increasingly hard time funding subscription via ingame PLEX, then I suggest that you pay with actual dollars to play this great game. I dont think you understand how plexes work... CCP isnt selling them to you, other players are. A player spends real money to buy plexes and then sells these plexes to you, CCP loses no money on this. All plexes do is change who pays the subscription fee for your account.
I miss paying 370 mill isk for 90 day GTC's :(
Coreli Corporation: Small gang PVP & Drug Production, Apply now! |

Billy Hix
Ekchuah's Shrine Comporium
119
|
Posted - 2014.03.15 11:41:00 -
[30] - Quote
It will be interesting to see what happens over the next year or so.
If PLEX hit 1B or even 2 B then we should see a big drop in the number of people who can afford to pay their accounts using PLEX. However if people can sell their PLEX for 2B isk I imagine many more people paying real life money to be in game rich (assuming PLEX has increased more than general inflation)
The piece of the puzzle I am looking forward to playing out is mineral supply. We all know a huge % of the mineral supply comes from multiboxing miners paying for their 10+ accounts with PLEX. If they can't afford to pay with PLEX, will they move to paying for those accounts with real money? Or will we see a big drop in mineral supply as they let most of their accounts lapse. |
|

Kudos12345
Republic University Minmatar Republic
6
|
Posted - 2014.03.15 11:45:00 -
[31] - Quote
deeks87 deacon wrote:Varius Xeral wrote:Yeah, we should create a committee of university professors, mothers, and community activists to decide the fair price for a plex. How about we just burn jita 
I think also imprison and re-educate all the plex profiteers in special stations. |

Monics Shakhtar
Starfighters unlimited
0
|
Posted - 2014.03.15 12:30:00 -
[32] - Quote
deeks87 deacon wrote:When i joined eve i remember a plex was 500m isk at best, now to plex my accounts it's costing me almost 700m isk and going up. Is there a reason for this and is it some ploy by CCP to force us to use RL cash to line there greedy CCP pockets?
I can sell you in private contract a PLEX for 680M !
Send me a private message if you are interested. |

The Antiquarian
Imperial Academy Amarr Empire
1859
|
Posted - 2014.03.15 13:03:00 -
[33] - Quote
Joshua Foiritain wrote:The Antiquarian wrote:If everyone were to use ingame means to fund their subscription, CCP would be bankrupt and we will be left with Star Citizen dingleberry poop.
As much as we love free stuff, there should be some boundary. CCP is already doing a great favor by letting the experienced to be able to fund the subscription via PLEX.
You are meant to enjoy EVE Online. If you have an increasingly hard time funding subscription via ingame PLEX, then I suggest that you pay with actual dollars to play this great game. I dont think you understand how plexes work... CCP isnt selling them to you, other players are. A player spends real money to buy plexes and then sells these plexes to you, CCP loses no money on this. All plexes do is change who pays the subscription fee for your account. I miss paying 370 mill isk for 90 day GTC's :(
I have read CCP's annual and quarterly financials and as a former accountant at Big 4 and current employee at an investment bank, trust me, I have more understanding about how in-game currency (PLEX) works than you can possibly imagine.
What I am trying to explain in my previous post is that the OP made it sound as if CCP is obligated to reduce the cost of PLEX so everyone can play free. Once again, the prices of PLEX is set by the ingame supply and demand and CCP is not obligated to lower the market price so everyone can technically play the game for free. |

Plug in Baby
Crouching Woman Hidden Cucumber
154
|
Posted - 2014.03.15 13:06:00 -
[34] - Quote
While some of your logic is valid, the idea that something of scarcity is guaranteed to increased in price is completely incorrect. I would estimate that PLEX is currently above its true value due to the large number of largely uninformed speculators. Yes in the long term PLEX will likely continue to rise, but there will often be localised declines.
Investing in PLEX when it is peaking will mean decrease the value of the investment, better to invest in conventional items until the bubble pops, then go for the long term investment.
Also in all of this it is worth noting the opportunity cost, the ISK you earn from investing in PLEX even over a peroid of relatively good growth is not 'free ISK' chances are more could have been made by investing in something with steeper growth and you may have made an opportunity loss, although long term it'll still be ok This is not a forum alt, this is a forum main. |

mynnna
GoonWaffe Goonswarm Federation
3105
|
Posted - 2014.03.15 14:49:00 -
[35] - Quote
Three years ago PLEX were 360m, roughly. If you accept that it's linear, then you can plug in what we've got (setting 3 years ago as x=0 and y=360, today as x=1095 and y=652) into a linear equation and approximate plex price as y=(4/15)*x+360.
Plug 1b in for Y, solve for X, and you get 2400. Now that' 2400 days from three years ago, which is 1305 days from today, which means PLEX will hit 1b isk around October 9th or 10th, 2017.
Grab the full data somewhere and you could probably refine things a bit, even find a slightly non-linear equation that better fits the data.
And you thought your middle school algebra wouldn't ever be useful to you. 
Of course with ship skins out and seemingly proving to be popular, CCP may wind up doing more of them, which may well blow the approximate linear increase out of the water... Member of the Goonswarm Economic Warfare Cabal |

Claire Voyant
146
|
Posted - 2014.03.15 19:09:00 -
[36] - Quote
mynnna wrote:And you thought your middle school algebra wouldn't ever be useful to Three words. precalc. exponential. 2016. |

Claire Voyant
146
|
Posted - 2014.03.15 20:11:00 -
[37] - Quote
nevermind |

mynnna
GoonWaffe Goonswarm Federation
3107
|
Posted - 2014.03.15 20:17:00 -
[38] - Quote
Indeed, and that's probably a better way to model the price rise anyway.
Point is, "not for a couple years at this rate" is the answer to the OP. Member of the Goonswarm Economic Warfare Cabal |

Jerome Gouillot
Pangalactic Frontline Supply Agency
6
|
Posted - 2014.03.16 13:16:00 -
[39] - Quote
Monics Shakhtar wrote:deeks87 deacon wrote:When i joined eve i remember a plex was 500m isk at best, now to plex my accounts it's costing me almost 700m isk and going up. Is there a reason for this and is it some ploy by CCP to force us to use RL cash to line there greedy CCP pockets? I can sell you in private contract a PLEX for 680M ! Send me a private message if you are interested.
679,999,999.99 - convo me ingame |

joyous the
Slippery Penguin
45
|
Posted - 2014.03.16 14:17:00 -
[40] - Quote
I remember paying 315mil for 100day codes, and 115 for 30s. I also remember having to pay 15$ for this game, for years. So quit bitching you get to play for free and stop being poor. |
|

Julius Rigel
162
|
Posted - 2014.03.17 09:31:00 -
[41] - Quote
Plug in Baby wrote:While some of your logic is valid, the idea that something of scarcity is guaranteed to increased in price is completely incorrect. I never said it was guaranteed, just very likely, based on the concepts I outlined. I won't deny that there could be some emotions of optimism involved, but I try to look at the facts. There is also the possibility that CCP will do something that ultimately affects the supply or demand for ISK or PLEX, such as making PLEX 20 days instead of 30 (price of PLEX would go down), or removing bounties from NPC pirates (price decrease of ISK would level off a bit).
Plug in Baby wrote:I would estimate that PLEX is currently above its true value due to the large number of largely uninformed speculators. I agree, it should be a bit lower.
Plug in Baby wrote:Investing in PLEX when it is peaking will mean decrease the value of the investment, better to invest in conventional items until the bubble pops, then go for the long term investment. I agree.
Plug in Baby wrote:Also in all of this it is worth noting the opportunity cost, the ISK you earn from investing in PLEX even over a peroid of relatively good growth is not 'free ISK' chances are more could have been made by investing in something with steeper growth and you may have made an opportunity loss, although long term it'll still be ok I see it as a question of time (man-hours). A trader will be able to spend more time/effort flipping commodities to make more ISK. An "investor", per se, will be able to spend more time/effort swing trading to maximize longer-term profit off of price movements. A rich brat with too much money will be pretty happy to spend no time and no effort for the relative certainty of not losing buying power over time.
And indeed, since we are talking about investing smartly, and not about station trading, or about dumping ISK into a commodity that is relatively stable, you are absolutely correct that there are better items to trade for better profit. Do YOU like to undock? |

Chris Lehman
J44 Capital
0
|
Posted - 2014.03.17 11:41:00 -
[42] - Quote
Julius Rigel wrote:Plug in Baby wrote:Also in all of this it is worth noting the opportunity cost, the ISK you earn from investing in PLEX even over a peroid of relatively good growth is not 'free ISK' chances are more could have been made by investing in something with steeper growth and you may have made an opportunity loss, although long term it'll still be ok I see it as a question of time (man-hours). A trader will be able to spend more time/effort flipping commodities to make more ISK. An "investor", per se, will be able to spend more time/effort swing trading to maximize longer-term profit off of price movements. A rich brat with too much money will be pretty happy to spend no time and no effort for the relative certainty of not losing buying power over time. And indeed, since we are talking about investing smartly, and not about station trading, or about dumping ISK into a commodity that is relatively stable, you are absolutely correct that there are better items to trade for better profit. PLEX used to be a good long-term investment for those who don't have the time or patience to watch the market and can afford to lose a few percent. If you have time time to do it yourself and diversify, PLEX is definitely on the bottem of your to-buy list. |

cpt Mark
The Great Harmon Institute Of Technology Heiian Conglomerate
3
|
Posted - 2014.03.17 23:42:00 -
[43] - Quote
jenks jenki wrote:I know exactly what you mean, it does just seem to get more and more to keep my accounts going and the cost of ore is staying the same. I think it wont be long before it start forcing high sec players out of the game.
Jesus christ the subscription fee is nothing anyway. |

cpt Mark
The Great Harmon Institute Of Technology Heiian Conglomerate
3
|
Posted - 2014.03.17 23:51:00 -
[44] - Quote
Billy Hix wrote:It will be interesting to see what happens over the next year or so.
If PLEX hit 1B or even 2 B then we should see a big drop in the number of people who can afford to pay their accounts using PLEX. However if people can sell their PLEX for 2B isk I imagine many more people paying real life money to be in game rich (assuming PLEX has increased more than general inflation)
The piece of the puzzle I am looking forward to playing out is mineral supply. We all know a huge % of the mineral supply comes from multiboxing miners paying for their 10+ accounts with PLEX. If they can't afford to pay with PLEX, will they move to paying for those accounts with real money? Or will we see a big drop in mineral supply as they let most of their accounts lapse.
Basically as the value of plexes increase ingame it becomes more desirable to:
a) Purchase your game time with cash b) Leave the game c) Purchase PLEXs to sell for ISK (as you get more isk per cent)
Each of these three has the effect of increasing supply and lowering demand of PLEX. This in turn lowers the value of PLEX.
As the value of plex decrease it becomes more desirable to:
a) Purchase your game time with plex b) Acquire more alt accounts c) Avoid purchasing plex to sell for ISK (as you get less isk per cent)
Each of these three has the effect of decreasing supply and raising demand of PLEX. This in turn increases the value of PLEX.
And the game of ping pong continues long into the ages untill the end of time, with a gradual increase known as inflation.
OFC it is possible for the value of PLEX cards to decrease, however generally speaking they are similar to gold in that they will always be in demand and their level of demand will depend on the richness of players/ people which therefore means it will stay in line with inflation (Whilst if your ISK was liquidated you would see its value depreciate in relative terms).
Therefore, storing ISK in plex is a long term objective useful for isk that is sat doing nothing. |

Otto Runkter
Pator Tech School Minmatar Republic
0
|
Posted - 2014.03.18 00:53:00 -
[45] - Quote
To be honest I've always been perplexed (get it?) as to just how cheap PLEX have been. When you think of what you get for your money; would you really spend, what, almost $70 for a fitted dred? Maybe not quite, but damn close. That seems ridiculous. I would think $10-$20 would be tops. Even that seems plenty for something that can get blown apart in an instant. Yeah, I'm sure some Russian billionaire's kid has bought a titan with PLEX before, but that sort of thing has to be really rare. If I had no idea and never knew, if I had to guess what a PLEX price would be I'd say 2-4 billion. I can't believe people spend money and get so little ISK in return. When I first started I knew the program existed, but figured I'd never be able to use it as I'm not "that hardcore guy." Little did I know just how easy it was. In small time trading and a little manufacturing (not T2 either) on just one character I used to net about a quarter billion a day, then I kinda got started on another guy who got up to about .1 bil,/day, until I decided it was too much work and to move to a minimum effort plan where I still make ~.15 billion a day (with just the one guy- I abandoned the other account completely) with as little work as possible. It takes about 6 minutes to update orders, which I do several times a day, and every 4-5 days I spend about an hour moving **** around. Sometimes I guess if I'm watching TV I'll update the important ones frequently on the commercials too, as when I'm watching TV or reading I have it open to mine a little (hey, every little bit helps!), but that's it. I'm not that hardcore.
I looked around in some neighboring regions the other day to see if there were opportunities there in places without one of the "big 5" hubs, and opportunities abound. There's actually some volume there! In the end though I decided it was too much effort to get off my fat ass to move back and forth, and even more effort to train up another trader. If I ran four traders on two accounts and really worked it I know I could get well over a billion- closer to two-every day (average anyway). It would be a ****-ton of work, which is why I don't, but I could PLEX both accounts in a day. Hell, I could keep all six training and get my PLEX back in half a week! I'm just amazed (and thankful!!) that so many people spend money on PLEX only to sell them so cheaply. I'd never have believed there would be so many when there's so many players with soooooooo much ISK. I don't believe for a second that I'm unusually wealthy. I see some of the big transactions going on, and there's people with almost limitless ISK, and lots of them. There's lots of **** or extreme quantities that I could never afford. So how is it that people buying PLEX outnumber these ultra-rich so much, especially when selling a PLEX gets you so little??? If PLEX do go to a billion, I still think it's a pretty good deal. Yeah, it's gonna he hard to get it ratting, and the multi-box mining fleets will suffer (unless, for just that reason, mineral prices explode), but I never thought I'd be someone who would be able to PLEX at all. I figured that rare honor would be reserved only for the most hardcore players that did little else other than play EVE. Instead I find it to be not a big deal at all, even though I'm not one of the big shots. That was a huge shocker to discover that, "Wait a minute!... let me check the math again...I don't have to pay for this!!!" No my friend, PLEX are cheap, even now, and even at a billion. Not that I want them to go up, I don't at all, but I'm just continually amazed how cheap they are when you consider their cost/reward ratio for the people who buy them with money. |

Monics Shakhtar
Starfighters unlimited
0
|
Posted - 2014.03.18 10:10:00 -
[46] - Quote
I think PLEX in EVE universe and Gold in real life have many similarities... i will go into that in details later on. But for now i want to talk about something that isn't taken into consideration, it's about the "0.01ISK Buy Orders" for PLEX (and similar too-low orders). I think they are disrupting (intentionally or not) the Buy/Sell ratio stats in a way that affects the selling price when sellers look at the buyers average price on eve-central.com for example. There should a threshold for the Buyer Order on any item specially the PLEX since it is related to real money! |

Julius Rigel
163
|
Posted - 2014.03.18 12:30:00 -
[47] - Quote
Monics Shakhtar wrote:There should a threshold for the Buyer Order on any item specially the PLEX since it is related to real money! What? No...
First of all, (according to the wiki) the numbers you see in the market history have already been trimmed - that is, the outliers have been identified by some formula, and removed from the data. So what you see in the history is already CCP's idea of "true" values.
Secondly, the data you get from eve-central is not "official". It's simply numbers that people have found in their cache files and uploaded to a player-run data collection service. Now, eve-central does their own trimming of the data that you see on the site, but I'm not sure if that includes deleting outliers or something else, or just the exclusion of nullsec regions.
Places like eve-central aren't obligated to make sure the numbers they display are make sense, or even that they are correct.
What they do, however, is provide an API with all the raw numbers (minus duplicates) they receive, in XML format, so you could just download them and do your own thing if you wanted. You could make graphs of just the sell order price, or adjust all the buy order prices in some way, or have just the Jita price, or whatever. There's also the EVE Market Data Relay if you want super-duper real-time access to all the market data that everyone is scraping, but I think you will have to do a fair amount more to sort through it all, as it's just going to vomit lots of orders at you continuously.
In practice, the price of a PLEX is what someone is willing to pay for it, and what someone is willing to sell for. No more, no less. So whether or not you feel like below-average buy orders are skewing the charts, that's still what those buyers are paying for their PLEX, and that's what the people selling to those buy order are willing to sell for. Do YOU like to undock? |

Monics Shakhtar
Starfighters unlimited
0
|
Posted - 2014.03.19 06:15:00 -
[48] - Quote
Julius Rigel wrote:In practice, the price of a PLEX is what someone is willing to pay for it, and what someone is willing to sell for. No more, no less. So whether or not you feel like below-average buy orders are skewing the charts, that's still what those buyers are paying for their PLEX, and that's what the people selling to those buy order are willing to sell for.
You're right and wrong in that, because after-all you can't put a 1$ Buy Order for a Ferrari... |

Salvos Rhoska
Pator Tech School Minmatar Republic
349
|
Posted - 2014.03.19 08:23:00 -
[49] - Quote
Monics Shakhtar wrote:you can't put a 1$ Buy Order for a Ferrari...
Yes, you can.
Please, stop posting.
|

Julius Rigel
165
|
Posted - 2014.03.19 08:41:00 -
[50] - Quote
Monics Shakhtar wrote:You're right and wrong in that, because after-all you can't put a 1$ Buy Order for a Ferrari... Why not?
There are even entire web services dedicated to bartering goods and services this way. You could go on ebay and bid 1$ on a Ferrari listed for auction, or you could make a post on craigslist offering to buy a Ferrari for 1$... there are many possibilities to do this.
Heck, there's nothing stopping you from walking into a Ferrari dealership and offering a dollar for a brand new Ferrari. In all likelihood, the dealer would not take your offer, but a bid is a bid, whether it fills or not. That's all a (limit) buy order is - a bid for an item (at a certain price).
You can place all the 1 ISK buy orders you want, and in all likelihood your 1 ISK buy order will never float to the surface and gain priority*, and it won't bother anyone or cause any trouble, the same way walking into a Ferrari dealership and politely asking a dealer if he would sell you a Ferrari for a dollar isn't going to cause any trouble. Perhaps you would get a blank stare or a chuckle, but there's no law against asking.
* In EVE, as I'm sure we are aware, the order priority is: 1) Best price (lowest sell when buying, highest buy when selling), 2) Earliest order creation date (so if two orders have the same price, whichever one was placed first will fill first).
There is currently more than enough demand for PLEX that there is a constant flow of "reasonable" bids in most regions, as you can see from this picture. Example: eve-central quicklook filtered by highest bid for each region, 08:00 March 18 2014
This could change, but it probably won't. Do YOU like to undock? |
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RudinV
Syndicate of Death BLOOD UNION
24
|
Posted - 2014.03.19 09:37:00 -
[51] - Quote
its funny to see carebears whine about plex prices, cose mostly its their fault. u farm more iskies>inflation>plex strike 700m |

Monics Shakhtar
Starfighters unlimited
0
|
Posted - 2014.03.19 10:57:00 -
[52] - Quote
Salvos Rhoska wrote:Monics Shakhtar wrote:you can't put a 1$ Buy Order for a Ferrari... Yes, you can. Please, stop posting. Oh really? Sure you can! You can do anything! But you should go and try it, and don't forget to come back and share us your experience  |

Salvos Rhoska
Pator Tech School Minmatar Republic
351
|
Posted - 2014.03.19 11:05:00 -
[53] - Quote
Monics Shakhtar wrote:Salvos Rhoska wrote:Monics Shakhtar wrote:you can't put a 1$ Buy Order for a Ferrari... Yes, you can. Please, stop posting. Oh really? Sure you can! You can do anything! But you should go and try it, and don't forget to come back and share us your experience 
Then why did you say you can't? |

Julius Rigel
166
|
Posted - 2014.03.19 11:30:00 -
[54] - Quote
Monics Shakhtar wrote:But you should go and try it, and don't forget to come back and share us your experience There. I've placed a buy order on a Ferrari for a dollar. Are you satisfied? Do YOU like to undock? |

Monics Shakhtar
Starfighters unlimited
0
|
Posted - 2014.03.19 11:35:00 -
[55] - Quote
Julius Rigel wrote:Monics Shakhtar wrote:But you should go and try it, and don't forget to come back and share us your experience There. I've placed a buy order on a Ferrari for a dollar. Are you satisfied? I liked and respected your point of view in what you replied previously. But for this one, you should recognize the difference between a "bidding" and placing a final and complete "buy order"! |

dan skirata
Rolling Static Gone Critical
15
|
Posted - 2014.03.19 12:06:00 -
[56] - Quote
Monics Shakhtar wrote:Julius Rigel wrote:Monics Shakhtar wrote:But you should go and try it, and don't forget to come back and share us your experience There. I've placed a buy order on a Ferrari for a dollar. Are you satisfied? I liked and respected your point of view in what you replied previously. But for this one, you should recognize the difference between a "bidding" and placing a final and complete "buy order"!
I don't think you understand the terminology of what a buy order means.. |

Monics Shakhtar
Starfighters unlimited
0
|
Posted - 2014.03.19 13:17:00 -
[57] - Quote
dan skirata wrote:Monics Shakhtar wrote:Julius Rigel wrote:Monics Shakhtar wrote:But you should go and try it, and don't forget to come back and share us your experience There. I've placed a buy order on a Ferrari for a dollar. Are you satisfied? I liked and respected your point of view in what you replied previously. But for this one, you should recognize the difference between a "bidding" and placing a final and complete "buy order"! I don't think you understand the terminology of what a buy order means.. Looking forward to take some Finance private courses with you.  |

Elizabeth Norn
Nornir Research
187
|
Posted - 2014.03.19 14:15:00 -
[58] - Quote
Monics Shakhtar wrote:I liked and respected your point of view in what you replied previously. But for this one, you should recognize the difference between a "bidding" and placing a final and complete "buy order"!
Monics Shakhtar wrote:Salvos Rhoska wrote:Monics Shakhtar wrote:you can't put a 1$ Buy Order for a Ferrari... Yes, you can. Please, stop posting. Oh really? Sure you can! You can do anything! But you should go and try it, and don't forget to come back and share us your experience 
It's not like a 1 ISK buy order for a PLEX will ever get filled either. .
|

Ronny Hugo
Dark Fusion Industries Limitless Inc.
64
|
Posted - 2014.03.19 17:31:00 -
[59] - Quote
The reason for the plex price increase is that there's more people buying plex with isk instead of dollars because they can afford to. |

Iaredumbomaths
School of Applied Knowledge Caldari State
0
|
Posted - 2014.03.19 23:27:00 -
[60] - Quote
mynna wrote: Three years ago PLEX were 360m, roughly. If you accept that it's linear, then you can plug in what we've got (setting 3 years ago as x=0 and y=360, today as x=1095 and y=652) into a linear equation and approximate plex price as y=(4/15)*x+360.
Plug 1b in for Y, solve for X, and you get 2400.
i'm quite horrible at maths, maybe kindergarten level would be a compliment but can you please explain to me how you got to 2400, and what's the (4/15)*x for ?
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Brock Nelson
657
|
Posted - 2014.03.20 05:55:00 -
[61] - Quote
(4/15)X + 360 is the formula on how to find the Y, which is (more or less) found via determining how long it took for Y (plex price to get from 360 to 652 today)
Y = (4/15)X + 360 1000 = (4/15)X + 360 1000 - 360 = (4/15)X + 360 - 360 640 = (4/15)X (15/4)640 = (15/4)(4/15)X 2400 = X Signature removed, CCP Phantom |

Monics Shakhtar
Starfighters unlimited
0
|
Posted - 2014.03.20 07:02:00 -
[62] - Quote
Iaredumbomaths wrote:mynna wrote: Three years ago PLEX were 360m, roughly. If you accept that it's linear, then you can plug in what we've got (setting 3 years ago as x=0 and y=360, today as x=1095 and y=652) into a linear equation and approximate plex price as y=(4/15)*x+360.
Plug 1b in for Y, solve for X, and you get 2400. i'm quite horrible at maths, maybe kindergarten level would be a compliment but can you please explain to me how you got to 2400, and what's the (4/15)*x for ? en.wikipedia.org/wiki/Linear_equation will help you  |

Vaerah Vahrokha
Vahrokh Consulting
5282
|
Posted - 2014.03.20 07:59:00 -
[63] - Quote
Or, one could just draw a trend line and get an idea in 1 second. Sure it's not math precision grade (angle could change over time) but you do get the general idea. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Ronny Hugo
Dark Fusion Industries Limitless Inc.
65
|
Posted - 2014.03.20 08:25:00 -
[64] - Quote
Yeah I wonder if some people are investing in plexes so they can sit on them for years and sell them slowly when they need extra isk. |

Julius Rigel
169
|
Posted - 2014.03.20 08:55:00 -
[65] - Quote
Ronny Hugo wrote:Yeah I wonder if some people are investing in plexes so they can sit on them for years and sell them slowly when they need extra isk. 
It's not a secret club or anything. Yes, many players who are not interested in actively trading do sit on stacks of PLEX, and only keep a bit of ISK for day-to-day stuff.
Well, maybe it is a bit of a secret club. Shhh, don't tell anyone that PLEX price is rising! Do YOU like to undock? |

deeks87 deacon
Industrial Guard Constabulary New Eden Knights of Omnipotence
9
|
Posted - 2014.03.20 10:46:00 -
[66] - Quote
joyous the wrote:I remember paying 315mil for 100day codes, and 115 for 30s. I also remember having to pay 15$ for this game, for years. So quit bitching you get to play for free and stop being poor.
I didn't say i couldn't afford to buy them just curious as to how long to we pay 1b for them. I payed my sub for 9 months without even playing the game so i have paid my fair share of real cash. Those who forget the past, are destined to revisit it! use us for all your insurance needs @-á http://igc-eve-online-insurance.webs.com |

Gothikia
Regeneration
270
|
Posted - 2014.03.22 16:21:00 -
[67] - Quote
The price of plex is actually kind of scary right now with it ready to touch 700M ISK. I know it's simply a case of supply and demand (after B-R, there was much more supply, so the price dropped and you could easily scoop them up on buys for 610), but, one side effect of this is that it is actually devaluing ISK. When the price of PLEX was around 450, the InterStellar Kredit was much stronger meaning it had more buying power than it does now in relation to PLEX, ie, you could buy more then than you can now with the same amount of money.
I don't follow the economy of New Eden closely enough to know whether these prices are a good or a bad thing, but I do notice its effects. First, plexing three accounts very soon is going to cost 2.1 Billion ISK a month, that is horrendously expensive for anyone. It also creates an imbalance into the economy where there is a transfer of wealth from those can afford to RMT (Real money in exchange for ISK... in my day that was a bannable offense since it was considered RMT) where CCP is benefiting its bottom line at the expense of the economy in New Eden. Sandbox economy my ******* arse.
Unlike some people, I can actually afford to keep plexing 3 accounts, even if it hits 1 Billion ISK per plex, but there is not a lot of people out there who can, and that will only be a bad thing for our economy when you start to take people out of it.
I think PLEX is way too overvalued right now and inevitably, the hoarders will have to start selling them off.
Just my 0.02 ISK.
Edit: I should point out I only just switched all my accounts to plex after paying 1 year subs for them all for the last 2, and in some cases 3 years. <3 Gothie |
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