Octoven
Phoenix Productions
Headshot Gaming
367
   |
Posted - 2014.04.16 05:23:00 -
[1] - Quote
The issue regarding PLEX is simple economics, demand is greater than supply. The higher demand is not due to a greater number of people using a PLEX so much as a greater variety to use it for. PLEX used to be pretty much just subscription, but over the years CCP has unlocked its usage for other stuff, AUR, AT, Fanfest...not to worry if you cant make it, because for just a PLEX you can get HD quality. Aurum wasn't enough, they needed to provide a larger market for them so ship skins are released. They then decided, "hey lets allow people to dual character train an account for an extra PLEX...how could that possible strangle the PLEX market." PLEX prices soared once again when they decided, "well...it seems to not be Armageddon so lets allow triple!" This isn't even counting the PLEXes that were donated to certain causes, and while thats great...in a situation where there are tons of outlet it sucks.
It is a frightening prospect, in the last 6 months the price of a PLEX in Jita went from around 590-600 mil to 715 mil. Of those 6 months the first 5 months saw only about a 30 mil increase. In the last month alone the price shot up by nearly 80 mil. We all know PLEX goes up this time of year due to Fanfest, but it is exasperated by the massive flood of uses in the past month.
The simple truth here is that CCP has decimated the PLEX market. The demand will stay at a constant rate assuming they don't introduce any new ways to use a PLEX. The supply isn't going to increase that much, it will some, but not enough to offset the ratio thus leading to PLEX possibly hitting 800 mil by May maybe a billion by summer time. There just aren't enough people buying PLEX to sell in game. That isn't likely to change very much even with the massive ISK making opportunity. It may go down slightly after Fanfest....but in all honesty, it will never hit a stable line.
On a side note, a comment to CCP, pushing out tons of ways to use a PLEX does NOT by any means guarentee you more sells. You took a risk doing it, and failed. It would be better for you to try and at least minimize further damage by stop introducing crap to use for a PLEX until you can find a way to plug up this supply vs demand problem. People aren't going to exponentially buy PLEX to sell but they will exponentially buy to use. |