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Thread Statistics | Show CCP posts - 2 post(s) |
GavinGoodrich
Dissident Aggressors
Mordus Angels
73
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Posted - 2014.07.04 16:35:00 -
[1] - Quote
I'm not an econ major, would like to hear some thoughts on people who know more about this kinda stuff?
What's the main factors, you think?
Just tossing out what I think is doing it, which is probably wrong:
- Eve-Bet + world cup isk gamblin' WOO!
- New store buy options (acccording to friends)
- EVE Vegas
Haaaaaalp my head's on fire |
Elnoo
The Sadistic Clowns
Mordus Angels
10
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Posted - 2014.07.04 16:40:00 -
[2] - Quote
GavinGoodrich > can someone help me understand the rocketing plex price right now?
Elnoo : GavinGoodrich - it's witchcraft! - makes it easier for you to understand
GavinGoodrich > oh thanks
GavinGoodrich > *grabs torch n' pitchfork
THAT's my version and I'm sticking with it.... 
Friendship is like pissing yourselfGǪ
Everyone can see it, but only YOU can feel the true warmth that it bringsGǪ |
Al0tta Fagina
1
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Posted - 2014.07.04 16:44:00 -
[3] - Quote
Supply and demand!
I heard Goons are holding their own GǣspecialGǥ OlympicsGǪ. The prizes are in plex.
I guess there are a LOT of Gǣspecial snowflakesGǥGǪ. Would certainly explain the LARGE demand.
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Samroski
Games Inc.
The Night Crew Alliance
458
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Posted - 2014.07.04 17:04:00 -
[4] - Quote
Various activities like the Goons Olympics, Eve Bet/Vegas, Store et al do not impact the PLEX market significantly. $200k worth of PLEXes at the last PLEX for Good drive hardly dented/spiked the average.
So what is the real cause? It is obviously my humble (though successful and continuing) attempt at market manipulation. I have 48t invested and making 400b a day. I like to think of myself as a PLEX man, and there will be blood.
Any colour you like. |
Big Lynx
Destructive Mechanics
Quam'Nocent
530
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Posted - 2014.07.04 17:14:00 -
[5] - Quote
Samroski wrote:
So what is the real cause? It is obviously my humble (though successful and continuing) attempt at market manipulation. I have 48t invested and making 400b a day.
Lelz |
Tau Cabalander
Retirement Retreat
Working Stiffs
3815
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Posted - 2014.07.04 17:30:00 -
[6] - Quote
Quote:PLEX nearing 800m--thoughts?
I wish I had held longer onto the 37 PLEX I recently sold.
It's amazing what one can find lost in hangars and cargoholds after years. |
Scion Lex
Tungsten Carbonide Asset Management
152
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Posted - 2014.07.04 18:34:00 -
[7] - Quote
Purposeful and direct speculation on all fronts so that certain groups can take their white collar pay checks and finance the crap out of....whatever.
There is no isk in trading it.
Grinding plex is becoming unreasonable even for the most hardnosed
it represents 20USD fixed....its the other end thats moving....in one direction mind you.
Its cheaper to pay cash...especially over the long term
....and yet it keeps going up.
So the way I see it the only people who are benefiting are people who buy plex for isk. People who have the money to blow and the operations feed that isk into. I don't think the isk is piling up somewhere...its being used/blown up.
I stopped messing with it at all back when it was under 500m. Not sure what you guys are thinking. |
Evil Brock Nelson
40
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Posted - 2014.07.04 18:44:00 -
[8] - Quote
I was thinking about this hot delicious grilled cheese sandwich with my kraft dinner |
Fulbert
wws Corp.
2
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Posted - 2014.07.04 19:13:00 -
[9] - Quote
GavinGoodrich wrote:I'm not an econ major, would like to hear some thoughts on people who know more about this kinda stuff?
What's the main factors, you think?
Demographic trends and concerns
Seasonal variations
ISK Depreciation
Real life economic issues?
Speculation / Market manipulation (everyone has more ISK to spend - including bored-to-death station traders) |
Rhivre
TarNec
Invisible Exchequer
765
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Posted - 2014.07.04 21:46:00 -
[10] - Quote
Scion Lex wrote:.
Grinding plex is becoming unreasonable even for the most hardnosed
While the isk/day to fund a plex is indeed increasing, I am fairly sure most players who have been playing a while can make over 30m/day.
Fluffy Bunny Pic! |
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X ATM092
Clan Shadow Wolf
Fatal Ascension
328
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Posted - 2014.07.04 22:46:00 -
[11] - Quote
Power of 2 consumes a shitton of plex ahead of time. I used about 800 plex on my next batch of po2s which won't require any more plexing for 6-8 months. |
Adunh Slavy
1531
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Posted - 2014.07.05 01:14:00 -
[12] - Quote
Greater supply of ISK, lower supply of PLEX, demand for PLEX the same or increasing. Pick one, two or all three.
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 |
Adunh Slavy
1531
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Posted - 2014.07.05 01:24:00 -
[13] - Quote
Scion Lex wrote:
it represents 20USD fixed....its the other end thats moving....in one direction mind you.
Its cheaper to pay cash...especially over the long term
Not quite true. Real world prices are on the move upwards, above and beyond the numbers reported by governments and central banks. In fact they are attempting to raise the specter or the deflation boogey man as an excuse to print more money and expand even more credit.
While at the same time, wages have hardly moved for the majority. I would suggest that the supply of money for trivial things has decreased, and let's face it, Eve is trivial compared to eating and paying the mortgage.
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 |
Civ Kado
Eta Pegasi
46
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Posted - 2014.07.05 01:49:00 -
[14] - Quote
As more people aquired more SP, making isk and plexing your account became easier through several isk faucets (either level 4 missions, or nullsec ratting, etc). The only think you are seeing is supply and demand, plus inflation at work. I have a feeling the Cruis update is being rolled out in order to deal with one of these isk faucets in order to lower plex prices. |
Antihrist Pripravnik
T-AFK and counting
444
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Posted - 2014.07.05 10:35:00 -
[15] - Quote
Civ Kado wrote:What CCP needs to do is stop interfering with the prices and let natural market forces come at play. Once the prices get high enough and this bubble bursts, prices will start to go down and balance.
CCP intervened only once: April 2014.
We will wait for a long time for "bubble to burst"... As CCP Dr.EyjoG said : http://www.youtube.com/watch?feature=player_detailpage&v=w2hsqEvPGWQ#t=1294
1 bil-30 days-5% loan available - collateral required:
https://forums.eveonline.com/default.aspx?g=posts&t=352279 |
Ozzymandias Duskwalker
Shifting Sands Trader Cartel
Bleak Horizon Alliance.
11
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Posted - 2014.07.05 21:53:00 -
[16] - Quote
The price of plex... is too damn high!
SSTC, flying moas before they were cool.
SSTC is now recruiting! we have lvl 5 mission fleets, incursion fleets, mining fleets, camping fleets, lolfleets, whyisthisguyfcing? fleets, 'zzZzZZzzzz' fleets (POS and POCO bashing) and exploration fleets!. |
Fulbert
wws Corp.
3
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Posted - 2014.07.05 22:35:00 -
[17] - Quote
Adunh Slavy wrote:Scion Lex wrote:
it represents 20USD fixed....its the other end thats moving....in one direction mind you.
Its cheaper to pay cash...especially over the long term
Not quite true. Real world prices are on the move upwards, above and beyond the numbers reported by governments and central banks. In fact they are attempting to raise the specter of the deflation boogey man as an excuse to print more money and expand even more credit. While at the same time, wages have hardly moved for the majority. I would suggest that the supply of money for trivial things has decreased, and let's face it, Eve is trivial compared to eating and paying the mortgage.
Thanks, I was thinking something like that but i wasn't able to express it in english, cause it's not my native language.
By the way, have we some real life statistics about the number of PLEX being sold (for $ or Gé¼) by CCP?
The price stabilized this afternoon, something around 775m (sell orders). It may be a support price. Next time it raises, it could be wise to sell at 790mil. Just saying... |
Trin Javidan
Caymen Labs
29
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Posted - 2014.07.05 23:25:00 -
[18] - Quote
Al0tta Fagina wrote:Supply and demand!
I heard Goons are holding their own GǣspecialGǥ OlympicsGǪ. The prizes are in plex.
I guess there are a LOT of Gǣspecial snowflakesGǥGǪ. Would certainly explain the LARGE demand.
Yeah rite.... ccp openly admitted they "interfere" in the plex market
The higher it go's the lesser accounts i keep plexed up
Isbox + the rental state of 0.0 is the problem. More people than before have easy access to isk that drives up the demand of PLEX |
Marcus Alvin Tivianne
Center for Advanced Studies
Gallente Federation
0
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Posted - 2014.07.06 03:10:00 -
[19] - Quote
Trin Javidan wrote:
Yeah rite.... ccp openly admitted they "interfere" in the plex market
They've admitted to releasing PLEX that were on banned accounts, which would have otherwise hit the market at some point or been used, but I see no reason to assume CCP would poof them into existence. That's essentially comping someone's monthly sub fee.
Trin Javidan wrote:
The higher it go's the lesser accounts i keep plexed up
So what? If you aren't able to pay CCP or have someone else pay CCP in your stead, they're not gaining anything by simply handing you free game time in the form of seeding PLEX themselves.
Trin Javidan wrote:
Isbox + the rental state of 0.0 is the problem. More people than before have easy access to isk that drives up the demand of PLEX
I don't think isbox is the issue, just a symptom. Neither is renting, which is merely an arrangement between bears and pvp'ers to utilize space that they both want to enjoy. The issue at hand is merely multi-account usership and plex faucets in general. More and more players over the years have discovered two things about EVE:
1. If not absolutely vital for your niche in the game, it's highly preferable that you have more than one account, and many professions scale extremely well with account numbers with or without the aid of isbox. This brings plays who have a short-term windfall of isk + a power of two deal or some other promotion to cash in immediately on more accounts. Only much later when many more players do this is the aggregate effect being felt.
2. ISK faucets are plentiful and easy to tap into. Mission farming, anom ratting, and other isk faucets are staples of pve content and they continuously flood the market with new isk. What's more, even ship destruction itself generates more isk by way of the insurance system. So unless a pilot is dumb enough to buy an insurance plan and let it expire, even if they purchase no insurance at all, the demise of their ship is yet-another isk faucet. Minerals and modules are destroyed, but the supply of isk in the game economy goes up, therefor prices in general rise.
So what we're dealing with here isn't a mere speculative bubble, although i'm sure speculation is feeding into the loop at this point. What we're seeing is the culmination of years upon years of making multiclienting the norm, the popular culture of the "I plex all my accounts so I play for free," meme, and the onerous effects of universal inflation due to unchecked isk faucets.
Given that we're seeing this much of a price hike now, in the summer, when traditionally prices would be lower due to decreased activity; I think it's safe to say that come fall we're either going to see billion isk plex or a fundamental change in how a lot of the more casual multi-client users play the game. They will either have to adapt to a more farming-intensive lifestyle or they will need to cut back on the number of accounts they support. Considering the latter could be a serious competitive disadvantage, I think many players will try to ride out the storm on their savings first, meaning that we'll see critical mass only when those stores of isk have been significantly dented. |
erg cz
Sliperer
82
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Posted - 2014.07.08 09:10:00 -
[20] - Quote
With simple and plain high sec AFK mining ppl are able to make 30-40 mio ISK a day. That is about 1 bilion a month. I believe this is where PLEX prices go. |
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Dave Stark
6509
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Posted - 2014.07.08 13:12:00 -
[21] - Quote
erg cz wrote:With simple and plain high sec AFK mining ppl are able to make 30-40 mio ISK a day. That is about 1 bilion a month. I believe this is where PLEX prices go.
try per hour, per miner. not per day. |
Hillingar
Dark Sun Initiative
0
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Posted - 2014.07.08 13:50:00 -
[22] - Quote
I'm sure stuff like this, helps keeping prices down ...
http://www.evevegas2.com/
http://evenews24.com/2014/07/08/eve-is-real-trading-isk-for-goodies-reykjavik-style/ |
Rhivre
TarNec
Invisible Exchequer
765
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Posted - 2014.07.08 15:14:00 -
[23] - Quote
I suspect the multiple char training has more effect.
Fluffy Bunny Pic! |
Vaerah Vahrokha
Vahrokh Consulting
5445
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Posted - 2014.07.08 15:53:00 -
[24] - Quote
GavinGoodrich wrote:
PLEX nearing 800m--thoughts?
As a trader, you don't "think". As a trader you shall be on the right side of the trend and make hard cash on it.
About trend... I am still laughing thinking my charts had shown this trend years ago and people did not believe me 
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Steve Celeste
Overdogs
298
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Posted - 2014.07.08 16:40:00 -
[25] - Quote
PLEX nearing 900m--thoughts? |
Qmamoto Kansuke
Killing with pink power
5
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Posted - 2014.07.08 17:33:00 -
[26] - Quote
I guess at this rate we're bout to catch up to the chinese server soon?The only question is are the subs going to fall at their lvl too |
Felicity Love
Ka'ra Shabuir Inc.
2000
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Posted - 2014.07.08 19:07:00 -
[27] - Quote
"Hard times" in the real world... people need to eat and put gas in their cars... PLEX... not so much.
Or not.
"Psssshhhhhhhhhhhhhh" -á-- That ambiguous and pseudo-technical term used by management to describe, to staff, how frakking cool something looks inside their own heads.
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Jame Tea Sukarala
School of Applied Knowledge
Caldari State
0
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Posted - 2014.07.08 19:16:00 -
[28] - Quote
Felicity Love wrote:"Hard times" in the real world... people need to eat and put gas in their cars... PLEX... not so much.
Or not.
Central banks are hard at work printing prosperity for us all. Mind your tongue peasant. You signed our social contract by continuing to exist in our territory. |
Koniforous
Tauren Transit
131
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Posted - 2014.07.08 19:59:00 -
[29] - Quote
Qmamoto Kansuke wrote:I guess at this rate we're bout to catch up to the chinese server soon?The only question is are the subs going to fall at their lvl too
Skydell wrote:Posted: 2012.12.20 08:51 | The template on passive profit in EVE is 1% at the top so a player with 75 Billion could plex their account in passive income from that ISK. I'd say there is 5% of EVE in that group and they are former CEO's of massive alliances that fell apart over the years, the said CEO's took the money and run.
Plex has always said more for me than anything forums say or even API sites and wallets. Because we know what a wealthy server looks like thanks to the Chinese server, Serenity we can see where Plex would be if everyone was filthy rich. There Plex go for 2 billion the last I read anything on it. Because we have 600 mill Plex at most, I suspect most players are under the 75 Billion mark.
This was posted a while ago. Looks like Skydell nailed it, too. I really hope PLEX doesn't reach 2bil  .
TAUTX Bank: 12.5% of profits paid to investors monthly. More info: https://forums.eveonline.com/default.aspx?g=posts&t=322582&find=unread |
Irokoi Purisukin
Prussia Group
Meracom
0
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Posted - 2014.07.08 21:08:00 -
[30] - Quote
CCP doesn't seem to have interfered on the PLEX market so far and following this current spike. Although it also depends on what CCP considers interfering with PLEX prices. I don't think they include their PLEX sales and promotions even though it helps curbing the price rise. But even those haven't happened in a while. Also worth noting is that Dr.EyjoG was in the process of leaving CCP folloing some offer to become rector of some Icelandic university. So the new person taking his place at CCP may have a different approach. As of now the prices seem to be spiking at a faster rate than what has been the norm, but there's also been a decrease on the amount of PLEX being traded. |
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