This is loosing a steam.
Will slingshot up in the heavens hard, once suckers sold all their plex and lose all isk.

This is loosing a steam.
Will slingshot up in the heavens hard, once suckers sold all their plex and lose all isk.

But PLEX is the real one and only hard currency in eve.
I draw analogy of PLEX as gold bars and isk as printed paper money.

More and more people use PLEX for counting their rich, isk is losing his purchasing power and the only safe bet is PLEX.

One day, ccp will (maybe) allow selling PLEX for dollars, and in that particullar moment the actual value of plex will be presented.

And the actual value is higher, alot alot higher than 450 or 500 or 600 M per piece.


Anyways, this crash venture is over for me, i spent my weekend isk for this fun, alot of paperwork to do so i may post my findings and numbers later on, if someone interested. if not, all is public on eve-profit.com, as always were.

473 in sinq,can the rise be stopped?

then how do you explain the real lack of inflation in all products. When I started eve in 06, a megathron was 100m. I look today and its still about 100m. Granted t2 stuff is a lot cheaper than it was back then but that is because of invention. T2 stuff is relatively unchanged. A zealot used to be 100m, today its 120m. Which in MMO terms is near zero inflation.

My counter thesis to your point is that isk is isk, there is no inflation and therefor gold bars are only a commodity not a currency of last resort. PLEX is a commodity, just like all others and has only spiked recently due to some sort of 3rd party manipulation and or overall subscriber trends.

I wonder if the new Aurum token will relieve some of the pressure off PLEX?

Maybe. I have some Aurum in reserves I have never used and I want to sell. Aurum tokens would be the solution. Others can buy mine on the market and don't need to acquire a PLEX to buy their monocles.

What strategies? maximizing loss?
According to eve-profit.com:

Last 24 Hours Profit Top 10:
6.706.200.000 IceFyre S18 (published)

Go there see yourself, its public.
We all wait your new strategies...

I still recall the discussions on the old forums where self-proclaimed experts pegged the "true value" of a PLEX at 317 and if memory serves right I said that such "true value" proclamation is total bullshit and offered my own view that PLEX will be 500 by February.

Well, it took a bit longer to get there, and it took CCP to start buying PLEX and injecting ISK out of thin air into the economy to do so, but I still enjoy the fact that at the end of the day I was right about where PLEX prices are going.

In theory I doubled my ISK in less than one year by doing nothing, in practice there's no use for ISK so it's irrelevant.

The PLEX-gold analogy makes sense at first view.

The counter argument is gold is stable valued as it is one of the rare-earth elements and rises in price with more paper money influx. PLEX instead is made out of thin air (ingame wise) and consumed. That is why speculation on this item is very risky in my eyes as I miss a number of price indictaors such as raw materials and finished goods. PLEX is the only item not manufactured in a normal kind of way.

Dont' get me wrong. I've speculated with PLEX before and made several billions, but current prices are too high, the market is too hot, too much people are speculating that item and without a proper price trend indictator I'm lost in mass hysteria until someone is loosing his nerves and dumping his stuff.

Long PLEX speculators Ice...

Kudos btw! =)

Not bad, yeah. Btw I think from these numbers and what i know about PLEX market, his net PLEX holdings are probably about 100-200b (ballpark).

Also, how is that number calculated? Daily average between bid and ask? Seems a bit arbitrary.

Also I think it's kind of a big risk to actually expose your positions/capital/market API key to public?

Ah its a fake money, nothing to be afraid of.
Numbers are calculated by matching item by item buy/sell minus fees, for every transaction from api, so its pretty conservative calculation, but also accurate.
Since my PLEX trade is largelly done with contracts and directly buying from sells, that profit is actually alot bigger.
Dont know what ballpark is, but I think youre not very qualified to count my net holdings or whatever.
Also, as everyone knows, just ask, I dont hide anything.

PLEX will drop when CCP does promotion, will rise after, I am holding always both very large number of goldbars and isk, so in every direction price goes, the rich always win.