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Toad The Hitchhiker
Science and Trade Institute Caldari State
1
|
Posted - 2014.12.03 23:45:05 -
[1] - Quote
Plex only has a value as long as CCP declares it is valid tender. The day that Plex is declared unsaleable, or non-market based is the day that all your time and effort is worthless.
Is this likely to happen? No Could it happen? Yes
Before you say that CCP would never do such a thing it would behoove people to look at history. There are numerous examples of priceless items being made worthless with one devblog, including out of game assets. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
1
|
Posted - 2014.12.04 00:50:30 -
[2] - Quote
Elizabeth Norn wrote:Toad The Hitchhiker wrote:Plex only has a value as long as CCP declares it is valid tender. The day that Plex is declared unsaleable, or non-market based is the day that all your time and effort is worthless.
Is this likely to happen? No Could it happen? Yes
Before you say that CCP would never do such a thing it would behoove people to look at history. There are numerous examples of priceless items being made worthless with one devblog, including out of game assets. Did any of those other changes remove a major source of income for CCP?
WTS 60 day time card... WTS 90 day time card?
Changes don't always have to remove something, or add something to significantly effect the game or value of assets.
Some would argue the recent ISBoxer changes will significantly hurt their bottom line. Need more examples? |

Toad The Hitchhiker
Science and Trade Institute Caldari State
1
|
Posted - 2014.12.04 00:58:52 -
[3] - Quote
Elizabeth Norn wrote:I don't get what you mean by the time card statement and I don't think the recent key broadcasting change will affect their bottom line much.
Off topic, but you don't think banning the use of a tool that let one guy use 30 of the same ship to alpha anything in the game is going to effect the number of accounts that guy keeps active?!
The time card thing is important because it is the reason we have PLEX today. They got rid of the 60 and 90 day time cards, which you bought and transferred in the forums in place of that we got 30 day market available in game assets.
What would prevent them from say losing a court case, or some other change in some other country's laws that would force them to take said assets back out of game? Maybe not make plex worthless, but definitely make it hard to sell 500 of them. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
1
|
Posted - 2014.12.04 01:35:32 -
[4] - Quote
Candy Oshea wrote:Toad The Hitchhiker wrote:Elizabeth Norn wrote:I don't get what you mean by the time card statement and I don't think the recent key broadcasting change will affect their bottom line much. Off topic, but you don't think banning the use of a tool that let one guy use 30 of the same ship to alpha anything in the game is going to effect the number of accounts that guy keeps active?! Toad The Hitchhiker wrote: Some would argue the recent ISBoxer changes will significantly hurt their bottom line. Need more examples?
The guy/multiboxer using isk to pay for his account, has no bearing on the amount of PLEX being generated by the players that buy them for RL money. so how does that affect the bottom line sonny? Will only affect the supply/demand in game. that & a sorebutt from the guy that can't multibox 30 miner accounts in his rented 0.0 space anymore.
what?! How can you say that the guy/multiboxer using isk to pay for his account has no bearing on amount of PLEX generated?
It does not matter if an account is plex, paypal, month 2 month, they all have to be bought from CCP. If 1000 accounts are unsubbed, then 1000 less plex are needed every month. If they are still being bought but not used, then CCP gets the cash for the plex but retains the liability on their sheets for the time unused.
Or do you think Sleepers drop plex?
Seriously don't be one of those people that think there is some magical disconnect between plex and CCP subscriptions. Every plex is either a 1 month subscription, or a liability towards 1 month of subscription not yet realized... until the day CCP changes policy. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
1
|
Posted - 2014.12.04 03:33:29 -
[5] - Quote
Again, all plex has to be bought before it is sold on the market. If less people are buying, more will have to be bought to purchase the same amount of isk, which in turn drives the price down. This is supply and demand. This is what the thread is about. Please use some common sense.
And the silly comment about .2% or whatever... come on, you really think all 400k accounts in this game are funded through plex? We actually have no idea how many are or are not, but we do have market data. Even a 30 plex a day drop in volume could have substantial effect on the plex market short term.
So yes, it is ******** to think that plex demand only effects sellers and not buyers from CCP. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
1
|
Posted - 2014.12.04 03:46:19 -
[6] - Quote
Candy Oshea wrote:Toad The Hitchhiker wrote:Again, all plex has to be bought before it is sold on the market. If less people are buying, more will have to be bought to purchase the same amount of isk, which in turn drives the price down. This is supply and demand. This is what the thread is about. Please use some common sense.
And the silly comment about .2% or whatever... come on, you really think all 400k accounts in this game are funded through plex? We actually have no idea how many are or are not, but we do have market data. Even a 30 plex a day drop in volume could have substantial effect on the plex market short term.
So yes, it is ******** to think that plex demand only effects sellers and not buyers from CCP. So one post your asking if this will affect the bottom line of CCP (which is what my response was too), Now you are arguing about supply and demand, and have somehow projected that i think 400k accounts are plexed? the 0.2 is using your 1000 Unsubs/400k accounts. Its silly because you don't understand? I take it you are a butthurt alt of a multiboxer, Gotcha. EDIT: Toad The Hitchhiker wrote: At the end of the argument the theory being proposed is that PLEX is a 100% safe investment, which is untrue. The various reasons are posted, mine included. The most important I haven't mentioned yet is that there is an abundant supply held by very wealthy players, should one decide to tank the price, they could.
Who exactly is proposing that plex is a 100% safe investment?
So you use unrelated insults to minimize the points that I am making... got it.
Your argument was that 1000 subs lost wouldnt effect CCP or effect the Plex market. I argue that both your points are wrong.
The two reasons why is, 1000 lost subs hurts CCP no matter how they are funded and 1000 plex per month would be negative to the plex market because of supply and demand.
But you decided to go 1st grade school boy on me and call me names instead. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
7
|
Posted - 2014.12.14 00:28:02 -
[7] - Quote
Damjan Fox wrote:Quote:Small crash seems to be in progress atm again. Time to buy :) You don't want to wait a little till beginning of next year? With all the multibox alt accounts running out of subscription, i would assume, we'll see a slight price drop in january, don't you think?
The only thing keeping Plex up now is the fact that so much of them are being used to transfer characters. Look at the number of Ishtar, Miner and boost characters for sale and tell me multibox changes haven't effected anything 
Once all those accounts are firesold, or just unsubbed I predict a large flood of PLEX on the market as these accounts going from say 20 to 5 won't need the stockpile anymore.
https://forums.eveonline.com/default.aspx?g=posts&t=389930&find=unread There is 8x bombers gone and the guy even lists Isboxer as the reason lol Front page has 3x sets of miner toons and a set of marauder toons. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
7
|
Posted - 2014.12.15 02:32:30 -
[8] - Quote
Meilandra Vanderganken wrote:Toad The Hitchhiker wrote:The only thing keeping Plex up now is the fact that so much of them are being used to transfer characters. Look at the number of Ishtar, Miner and boost characters for sale and tell me multibox changes haven't effected anything  Once all those accounts are firesold, or just unsubbed I predict a large flood of PLEX on the market as these accounts going from say 20 to 5 won't need the stockpile anymore. https://forums.eveonline.com/default.aspx?g=posts&t=389930&find=unread There is 8x bombers gone and the guy even lists Isboxer as the reason lol Front page has 3x sets of miner toons and a set of marauder toons. The thing is: all those chars on firesale will have to be dedicated to an account. I very much doubt they are being bought to sit in an unsubbed account. Because of this, I do not expect the ammount of subbed accounts to drop significantly in the grand scheme of things. Listing one link to someone fireselling his chars is by no means proof of pending PLEX market price crash. Even with the news out on the isboxer nerf for quite some time, PLEX prices have not even dropped below the last spike peak (the summer one). That price peak was at about 820 million at it's height. We are still well above that atm. I'm pretty sure that if you buy PLEX now, you'll be able to sell it within a year for 200+ million profit. If you're daytrading PLEX in jita atm, well, that's another story, but I'm not in the PLEX trade for daytrading in general. I just funnel "excess" isk into PLEX, turning it into more isk at my leisure. The worst thing that can happen is that I end up with a bunch of PLEX to sub my accounts with if they become worthless in terms of isk. Sounds like a pretty good deal to me...
One of the reasons to buy an account instead of skill a character is to put it as your 3rd slot. I would wager a person buying a low skilled Mackinaw pilot that is one of 10 on sale with the same name as someone else isn't going to set up a new account just for that to be their new main. I would wager it is a side character to mine when something is going on they can't or won't use their main.
Also, many of these characters are being sold using the 2x plex in their accounts to transfer, after they transfer they may go to an account that is paypal based, or otherwise. Either way it is a negative pressure on PLEX. There are many negative pressures on PLEX and until subcription numbers increase I don't see much strong short term support. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
7
|
Posted - 2014.12.15 05:20:57 -
[9] - Quote
Jerry T Pepridge wrote:Toad The Hitchhiker wrote: One of the reasons to buy an account instead of skill a character is to put it as your 3rd slot. I would wager a person buying a low skilled Mackinaw pilot that is one of 10 on sale with the same name as someone else isn't going to set up a new account just for that to be their new main. I would wager it is a side character to mine when something is going on they can't or won't use their main.
Also, many of these characters are being sold using the 2x plex in their accounts to transfer, after they transfer they may go to an account that is paypal based, or otherwise. Either way it is a negative pressure on PLEX. There are many negative pressures on PLEX and until subcription numbers increase I don't see much strong short term support.
toad are u saying plex prices will drop and ppl should sell them
People will do whatever they want with them. They are however a very tricky thing. One one hand you have the fact that everything in game is technically worthless (according to the EULA) and the other it gives you game time (worth $$$). On one hand you have the value of game time as a buffer to any isk fluctuations, on the other they are the single most secretive thing in the game. CCP does not talk about PLEX, they don't offer answers to questions about it. We have never known if any were ever seeded, how many are destroyed and how many were locked in inventory of banned accounts or what happens to those that are.
Personally, I would never stockpile something that has actual cash value but is technically worthless. Think about it, you are paying money to get something that converts into something that is worthless but may have worth some time in the future should things remain the same. Or you are paying worthless in game currency for someone else having spent cash for the same.
At the end of the day the idea of PLEX is horrible, at least time cards had a number and remained outside the game, but in the game anything could effect the price.
But to directly answer your question, yes PLEX price will drop, I don't know how long but I can say with a large amount of certainty that we are looking at a correction in the market from lack of demand. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
7
|
Posted - 2014.12.16 00:09:06 -
[10] - Quote
Meilandra Vanderganken wrote:Toad The Hitchhiker wrote:
People will do whatever they want with them. They are however a very tricky thing. One one hand you have the fact that everything in game is technically worthless (according to the EULA) and the other it gives you game time (worth $$$). On one hand you have the value of game time as a buffer to any isk fluctuations, on the other they are the single most secretive thing in the game. CCP does not talk about PLEX, they don't offer answers to questions about it. We have never known if any were ever seeded, how many are destroyed and how many were locked in inventory of banned accounts or what happens to those that are.
CCP has stated that it does intervene in PLEX markets if prices rise too fast (they're not aiming at any set price though), they have several tools for this. 1) they can sell PLEX at a discount, this has happened numerous times before. 2) they revealed that they have taken PLEX from banned accounts and dropped them into the market to stop price spikes. They did not create them out of thin air though. Quote: Personally, I would never stockpile something that has actual cash value but is technically worthless. Think about it, you are paying money to get something that converts into something that is worthless but may have worth some time in the future should things remain the same. Or you are paying worthless in game currency for someone else having spent cash for the same.
At the end of the day the idea of PLEX is horrible, at least time cards had a number and remained outside the game, but in the game anything could effect the price.
But to directly answer your question, yes PLEX price will drop, I don't know how long but I can say with a large amount of certainty that we are looking at a correction in the market from lack of demand.
As soon as your cash becomes PLEX, it has no actual cash value anymore, you cannot revert it back to cash (legally at least). You can use it for things that would otherwise COST you cash instead (subs, fanfest tickets and whatnot) but it's never ever going to be cash again in a non-eula violating way. So at that point, you have two main values left on your PLEX: a non set isk value in game and a set value of 30 days worth of subscription. The isk value has only gone up in the lifetime of PLEX (all 'crashes' so far have been little more than corrections after large price spikes after which the upward trend continued again). As for the ingame use of PLEX, only more options have been added (dual training, fanfest tickets etc etc) and the 30 days of subscription has remained the same. I very much doubt CCP is going to tamper with the number of subscription days on existing PLEX ever. Knowing all this, I feel very safe with my PLEX investment both isk wise and playtime wise. For things to work out badly isk wise on my current PLEX stock (which is laughably small by the standards of the big boys) prices would have to drop below 600 million isk and stay there. That's roughly where they were a year ago. Again, I would not mind lower PLEX prices, hell, if they'd hit rock bottom I'd be delighted even and prolly get several more accounts. Edit: just after writing this I saw I sold a PLEX that I was high balling for just under 900 million 
Just because someone was dumb enough to buy out of hub or unsorted market goods doesn't mean the bubble is growing again. Plex remains stubborn at 820-830mil. Again, there is no demand to push an increase.
And yes I know that cash -> plex cannot go the other way directly, which is why I would never suggest stockpiling something that doesn't actually exist is good. Again, if CCP wanted to they could sell plex for $5 a piece and crash the market, they could also stop the plex for training or plex for transfers. There is a number of things that CCP could do or undo that effect plex. Since the system is out of the hands of the player I don't feel it is a worthwhile investment unless you have the account numbers to utilize your future stockpiles. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
7
|
Posted - 2014.12.17 01:24:35 -
[11] - Quote
Meilandra Vanderganken wrote:Nemah Xadi wrote:Meilandra Vanderganken wrote:History teaches us that CCP has only done things that make PLEX more desirable so far and have never ever tampered with the intrinsic value of PLEX (the 30 day sub). I never thought they would do what they did to Isboxer. Never ever. Though I'm sure it will never ever happen again. Then you were a bit naive. Isboxer has been borderlining botting for a long time, I expect them to enforce cache scraping too in the not too distant future for instance, which has been ignored for years now. And if you think that there is a realistic chance that CCP is going to nerf PLEX intrinsic value without compensation for existing stocks, you're a bit naive as well. I'm not even sure it would be possible legally. Yesyes, we know PLEX is an ingame item and fall under the EULA and by that definition they can do whatever they want with it but it would be interesting to see how that holds up in court in a class action law suit. It would be much the same as buying a gift card for 20 bucks which then get's turned into a gift card for 10 bucks. Even if it were possible it would **** off so many ppl that I suspect the Summer of Rage will be dwarfed by it. You're right if you're saying that it CAN happen but you're wrong if you think that it is likely to happen. Pretty much everything else in EVE is a much more risky investment as they don't represent an intrinsic value so important as the stuff you can do with PLEX. There are countless examples of nerfs and buffs to pretty much everything in game, there are none (0, that is zero) for PLEX. So again: based on that knowledge, what do you think is the safest investment in EVE? *Any item* or PLEX?
And in many of the countries with large Eve subscribers PLEX is borderline illegal. Do not fool yourself into thinking that PLEX is anything more than one court case away from being worthless in this game. Perhaps not worthless, just not worth what you think it would be.
Imagine holding 100 plex as your life savings in eve... it becomes illegal tender for in game transactions (because ganking and destroying plex would be akin to larceny in most countries). The PLEX is declared valid only for game time and is auto applied to the account you hold. How worthwhile is it to have 100 months of game time in a game that might not live that long?
Everything could change, as many things have in the past and will in the future. I would say the most worthwhile investment in game if you don't like isk is Trit... as the game has always used it and always will. But again, I wouldn't stockpile anything that has no actual live value, hence I would stockpile nothing in eve.
|

Toad The Hitchhiker
Science and Trade Institute Caldari State
7
|
Posted - 2014.12.17 05:19:29 -
[12] - Quote
Elizabeth Norn wrote:Toad, do you really believe this rubbish you're spouting?
You willing to put everything you worked for in this game, possibly even real life cash up to the support the belief that PLEX will be around forever and CCP doesn't ever mess with the market of the most secretive item in it's history? OK, have fun.
And to the American hater there... is it supposed to be an insult that you think Americans are the only ones with courts?! |

Toad The Hitchhiker
Science and Trade Institute Caldari State
7
|
Posted - 2014.12.17 05:31:51 -
[13] - Quote
Artemis Scat wrote:Toad The Hitchhiker wrote: And to the American hater there... is it supposed to be an insult that you think Americans are the only ones with courts?!
I think the fact that because you took Makhpella's observation as an affront to being American and as a personal insult, you very much verified his opinion.
I am not American, but I do take affront that somehow they are viewed as the only ones with laws and courts. But this is off-topic.
So instead of trying to insult a person's national heritage, or perceived national heritage let us not discuss the actual topic at hand... |

Toad The Hitchhiker
Science and Trade Institute Caldari State
8
|
Posted - 2014.12.23 18:45:50 -
[14] - Quote
Daniel Plain wrote:Toad The Hitchhiker wrote:And in many of the countries with large Eve subscribers PLEX is borderline illegal. Do not fool yourself into thinking that PLEX is anything more than one court case away from being worthless in this game. Perhaps not worthless, just not worth what you think it would be.
Imagine holding 100 plex as your life savings in eve... it becomes illegal tender for in game transactions (because ganking and destroying plex would be akin to larceny in most countries). The PLEX is declared valid only for game time and is auto applied to the account you hold. How worthwhile is it to have 100 months of game time in a game that might not live that long?
Everything could change, as many things have in the past and will in the future. I would say the most worthwhile investment in game if you don't like isk is Trit... as the game has always used it and always will. But again, I wouldn't stockpile anything that has no actual live value, hence I would stockpile nothing in eve.
the only appropriate answer
You can make fun all you want to... but if you took 1 trillion isk and bought Plex one year ago today, and I bought 1 tril of Trit
You would have 1.25 trillion in isk if you sold your plex today (and dropping) and I would have 1.33 tril isk for selling my trit (and increasing)
Trit can't go anywhere without massive changes to the game, Plex is a relatively new market item, with a relatively experimental application for in game trading. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
8
|
Posted - 2014.12.23 20:01:14 -
[15] - Quote
Right, just like if you bought 1 tril of plex a month or two ago and tried to sell it now you would have less than 900bil?
Got it, your examples only are relevant when they support your talking points. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.24 17:53:06 -
[16] - Quote
Nemah Xadi wrote:There are people putting up buy orders for hundreds of PLEX at 800m over the last few days, it only briefly drops below 800m as those get filled up. The fatcats seem to think this is a time to buy, and I wouldn't expect it to go lower than this either.
Just watch. They don't have the isk to stop what is coming. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.25 15:23:55 -
[17] - Quote
Jerry T Pepridge wrote:Toad The Hitchhiker wrote:Nemah Xadi wrote:There are people putting up buy orders for hundreds of PLEX at 800m over the last few days, it only briefly drops below 800m as those get filled up. The fatcats seem to think this is a time to buy, and I wouldn't expect it to go lower than this either. Just watch. They don't have the isk to stop what is coming. toad is right guys tiiiimber (fred flintstone voice) sell them now or be dunked by ..... . .......  toad  thats right, the toad !  the guy who in his wisdom, predicted this would happen  please, step forward if you took a dive on this based solely of "what you read on the forums" Give toad the satisfaction, that had you read butthurt retorical post #24432 you would have avoided this! "just buy more from the store" that rhymes! go go 500m!
Not sure what that was about.
But the bottom of the market cap just fell out. Warning to those who still have PLEX for short term gain, there is nothing substantial stopping a 750m price by the end of the day.
Also warning, hundreds of eve players just got amazon (plex sale) and paypal gift cards... expect a fresh batch of plex on the market to add to the 200 sell orders placed at 795 last night.
|

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.26 05:28:54 -
[18] - Quote
Plex dropped to 768mil with several good sized orders. All support between 750 and current sell prices gone.
Hope you all enjoyed your Christmas. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.26 06:04:00 -
[19] - Quote
Diomedes Calypso wrote:I figure the best theory is that you would want to own an asset that took a fixed amount of player TIME to produce and of course had utility enough that players still would take the time to produce it.
ISK costs less and less to gather over time due to mud inflation... (and CCP does a good job at not letting it get out of hand)
The risk with Plex is that they may increasingly feel forced to make game time cheaper and cheaper in real $ ... and then hope to sell just as many plex for people to instead fund more accounts or spend the same $100 to buy a carrier (or whatever equates to $100 these days) buying 16 plex at 6$ a piece instead of 6 plex at $16$ a piece.
They may discover that the game time can be cheaper in real $ but make it up in volume ....
That might sound weird but plenty of FtP games really aren't free at all for most players and only a portion of what they pay per month is for their "premium" subscriptions
I know FtP ruins games..
...we're talking investment here though, not what we want.
If we want to play EVE markets in a way that will make our hordes as valuable as possible compared to the average ISK riches of other players.....get ahead in comparative ISK wealth... thinking of the META issues concerning financial motivations can effect the value
... time value .. 1 hour of a human players time..that's what I'd like to keep parity with....
..but I'll take the risk with Plex and characters even if I think they'll 1/2 life once....
Why ? The make things like Invention easier to do and suddenly my horde of expanded cargo bays falls in ISK and ISK doesn't buy the plex it used to.. AND Plex don't cost the Dollars they used to... ... that's a triple whammy loss
I'll never RMT my isk.. those are CCP assets...but I will score the value of my game holdings in dollar equivalent to gage whether I'm getting ahead or falling behind.
So it is your theory then that Plex is a horrible investment because the price IRL monies has always dropped and the value of In Game Isk has always decreased as well?
Plex is a horrible investment because we cannot control the supply, or the utility. I think this recent week's price crash backs up at least some of what I have been saying. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.26 13:25:25 -
[20] - Quote
Jerry T Pepridge wrote:i really do think that toads avatar has ALOT to do with ppl instantly dis-agreeing with him.
if you want to stock plex (for some stupid reason), put up buy orders for 500m & wait.
That is about what I get for "randomize all" and accept without double checking.
Oh well.
Someone is making a valiant effort in Amarr to buy up a bunch of sell orders, but Jita fell last night to 783 so the Amarr orders are pretty hilarious. Plex down to 760 by the end of the weekend :)
There is a massive oversupply on the market right now, even for speculation. We are looking at 23% more PLEX for sale in the four hubs than there is buy orders in the entire game. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.27 00:57:06 -
[21] - Quote
Diomedes Calypso wrote:Toad The Hitchhiker wrote:
So it is your theory then that Plex is a horrible investment because the price IRL monies has always dropped and the value of In Game Isk has always decreased as well?
Plex is a horrible investment because we cannot control the supply, or the utility. I think this recent week's price crash backs up at least some of what I have been saying.
Well sort of, I think I'm saying what you are another way. Even if you don't agree with my thinking as I expressed it (in my wordy manner) I do agree with exactly what you are saying. "we cannot control the supply or utility" Exactly (I explained why I thought supply would increase for Meta reasons and utility would become less scarce) BUT I wouldn't call it a "horrible investment" because it is as good or better as the next best ideas I have for PASSIVE (like unsubscibed holdings type of passive) parking of game assets. I anticipate game time coming down to maybe $10 a month ... so I know I'll lose half of the theoretical RMT value...but I don't see doing much better with other assets and at least I see a bottom. Trit ? yes that does make a fair bit of sense to me. that might be a better bet than holding characters or game time tokens... maybe I will put 1/4 of my game assets there. My main theory was that Player Time ingame.. not character time, is the greatest constant and so an asset that will take just as much time to collect in the future as the present would be the best investment. I'd need to trust that it doesn't become easier to mine Trit per player hour...or that the game requires less trit but some players continue to collect it as a by product of some other activity, and that is something I am wary about.
I see what you are saying now.
Well my problem with Plex is multi-faceted and stems from two problems, one the demand is dropping as the player base becomes "younger" and new accounts buy old ones which requires Isk. Demand is dropping because subscription numbers are taking a beating and have been naturally declining for 3.5 years.
But two, my problem is also that while the argument that Plex has utility as game time is valid on its face, when one looks at the history of CCP and the decisions as of late, I wouldn't put much stock into anything being the same in 6 months as it is today. Look at the mutlibox rule changes, team industry reversal, the sudden inclusion of dual skill training, training itself was massively changed and of course the GTC change which was huge and was game altering.
And last like you said the supply cannot be controlled. Realize it would only take one Eve player winning the lottery, or inheiriting a lot of money to crash the market down to 0. 3600 buy orders up today, 4000 sell orders. If someone had say 50k euro they could sell to every buy order and leave 4000 units to trickle through the next few weeks in an already over supplied market.
The only sound reason for why Plex has "always gone up" is that the economy worldwide was in shambles when they released it and continued to stagnate along with massive inflation in the game from WH's and Incursions. If CCP were to nerf Incursions or WH's the value of isk would start to tighten again, Economics 101. If the global economy continues to improve like it already has in the US and Canada and Australia, then people will have disposable income for Plex again and your oversupply starts to become a real problem.
Anyways, Plex is being propped up by another valiant effort tonight @770 with several large buy orders... those will be filled by morning :) Crash continues
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Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.27 12:17:49 -
[22] - Quote
ITT: Elizabeth Norm trying desperately to keep the value of her Plex hording up. 
I and others have explained all those reasons, but yet you want citation. Even the goons wrote about this back in July and after the CSM8 discussion on Plex. They said it then, most plex are consumed by accounts, however a lot of oversupply is sitting in hangers as investments, and that number has increased.
Overall demand for Plex has been steadily dropping and the amount purchased from CCP has increased but the price still went up. Dr. EyjoG explained that speculators had driven up the price and did it with the massive influx of Incursion and FW isk.
Also: "The final discussion point turned to PLEX. The graph very clearly showed both the FW driven spike and intervention by CCP - no further intervention has occurred since. EyjoG confirmed that their goal with plex is to prevent dramatic changes. Their preferred metric is PLEX price divided by subscriptions - maintaining a particular price is not a concern."
It was confirmed that CCP used banned accounts storage of Plex to seed the market at the end of last year and into this year.
Again, you cannot control the supply of Plex, if CCP magically decides the price is too high it drops it on it's own through Sales and Seeds.
You cannot control Utility. Plex is used for many things now, but that isn't always going to be the case. Trit is always used for ship and mod building until day this game ends. Some things have changed over time (pos fuel) but Plex is the only one that crosses RL and InG boundaries.
And we aren't in deflation yet... more like Stagnation: http://cdn1.eveonline.com/www/newssystem/media/65910/1/Indices_2014-02.png
Keep trying Liz... those blocking orders at 770 were gobbled up quick. 768 new block but only one set of 50 left. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.27 13:13:15 -
[23] - Quote
Elizabeth Norn wrote:You've just made unsubstantiated claims, most likely pulled out of your arse.
I'm just here to make ISK, whether that's through PLEX or otherwise (my investments are more diverse than just PLEX) and so far I'm doing okay. If PLEX goes down, that just means Fanfest and EVE Vegas are cheaper for me. You're the one with a vendetta against PLEX and shouting random things.
You said inflation, Eyjo said deflation, now you say stagnation.
General Economy = Stagflation Certain areas pertinent to this discusion = ... guess for yourself
I personally couldn't care less what Eyjo said except that he confirmed that CCP intervene's in Plex prices by seeding the market with confiscated Plex... hence even more reason not to use it as an Isk Park.
And if you truly believe the game is experiencing Deflation the LAST place you want to park your isk is in an item, you want to park it liquid. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.29 12:34:14 -
[24] - Quote
Jerry T Pepridge wrote:Meilandra Vanderganken wrote:Well over 800 again now in Jita. Trend break or correction after steep price fall? Time will tell but I'm not holding my breath that we'll be seeing prices go down much more... and less than 2 hours ago it was : 797 / 780 in Jita, (now (814 / 792) 780 / 764 in amarr (now 814 / 764) Dodixie is still at (797 / 768) would love to hear from toadfish the hitchhiker to get a professional opinion.
Sunday has more players log in and therefore more demand. I was expecting demand stripped so far down that it woudn't matter. Expect a fall throughout the week, especially on holiday.
Also outside of Jita (hubs) the true price of plex is still being reflected down faster.
Also there was that little problem where some RMT got blown up in a rookie ship with 86 plex in his hold and of course not one of them dropped. (Tin Foil)
|

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.29 20:42:11 -
[25] - Quote
Jerry T Pepridge wrote:Alexi Stokov wrote: If that chart is your demonstration of "stagflation",I can only conclude you have no idea what stagflation is. How does one determine unemployment in eve btw?
lets see toad wiggle out of this one. 
Easy, I never used the word "Stagflation"
I said STAGNATION... meaning not up or down. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.29 21:45:25 -
[26] - Quote
Bad Bobby wrote:Toad The Hitchhiker wrote:General Economy = Stagflation Toad The Hitchhiker wrote:Easy, I never used the word "Stagflation" Jerry T Pepridge wrote:lets see toad wiggle out of this one. 
Yep I did mistype that one time, The quoted post, the quoted post when I responded, the initial post all were stagnation.
Anyways, does this detract from the fact that Jita is lone prop up of the cost of Plex? All of Eve just dropped to 771 again, so the attempt to holdup the price is starting to crumble.
There are some very wealthy people trying to keep this price up. I think they just don't like me 
Anyways, I am signing off, too much hate and I don't benefit from voicing my opinion. And that is all this is, opinion. No one knows the future. |

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.29 21:49:21 -
[27] - Quote
Elizabeth Norn wrote:Also:- Toad The Hitchhiker wrote:The only sound reason for why Plex has "always gone up" is that the economy worldwide was in shambles when they released it and continued to stagnate along with massive inflation in the game from WH's and Incursions. If CCP were to nerf Incursions or WH's the value of isk would start to tighten again, Economics 101. If the global economy continues to improve like it already has in the US and Canada and Australia, then people will have disposable income for Plex again and your oversupply starts to become a real problem.
What did you discover Matlock?
I said it before. Isk supply is inflated, massively. Prices have been stagnant.... Plex is not a normal Eve commodity. Plex is injected from outside the game, the rest of the items are from inside the game.
So again, what would you like to show the Jury as exhibit A? |

Toad The Hitchhiker
Science and Trade Institute Caldari State
10
|
Posted - 2014.12.30 13:49:12 -
[28] - Quote
Makhpella wrote:Can someone tell me what is Toad trying to say? I cant comprehend it. Should I sell my freighter full of plex or should I undock it?
btw: It is Charon with T2 cargohold expanders.
lol, Orbit Jita IV-4 until the value goes down to make the killmail less hilarious. |
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