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Market McSelling Alt
Bernie Madoff Investment Services LLC
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Posted - 2015.09.10 04:45:28 -
[1] - Quote
Alavaria Fera wrote:Hasikan Miallok wrote:Regardless of what it is called, the fact is higher prices for PLEX mean less are offered for sale.
People sell just enough PLEX in game to cover their current costs. They do not randomly decide "oh PLEX are getting a billion ISK now I cash in a stack and buy that Revenant I always wanted" - they sell the number of PLEX needed to cover their current ISK requirements. So as long as the "ISK requirements" are also rising because of higher prices for everything else, we're good... hmm that's one way to go about it... start ganking more so everything becomes harder to get.
But costs aren't rising, they are falling and have been.
Eve has been deflationary for a while now. Which means people need less Plex to buy in game assets, which means the price of Plex goes up in game.... that in turn means less Plex needs to be sold to get isk.
It is a self fulfilling prophecy now. Prices of non-plex stuff is dropping, Plex prices are increasing. Plex sellers have to buy less to get the same utility, and plex buyers have to work harder to get the isk to buy the plex.
Toilet Bowl in reverse. Hurricane
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Market McSelling Alt
Bernie Madoff Investment Services LLC
569
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Posted - 2015.09.11 14:56:47 -
[2] - Quote
Zihao wrote:Jeremiah Saken wrote:La Rynx wrote:Its even better: If isk gets cheaper, ships and fits get cheaper. Cheap stuff would be good for PvP since you do not loose expensive stuff. How can CCP get less for the game? The Plex was already sold? Expensive PLEX and cheap ISK are good for CCP: ppl wil risk more since all is cheaper. because you can buy more assets per 1 PLEX. So before ppl sell 1 PLEX per month, now will be selling 1 PLEX per two or three months. Less real cash for CCP. There is not a fixed pool of isk or players selling PLEX, so no.
So yes...
As long as the general trend of prices of all non-plex items is deflationary, the rising price of Plex has a compounding effect on itself in that people need to sell less of them to do what they want in the game... where as the people buying plex need to do more in game to gather the isk to buy.
Again, it is a Hurricane effect.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
571
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Posted - 2015.09.12 01:59:20 -
[3] - Quote
Johnny Riko wrote:Market McSelling Alt wrote:Zihao wrote:Jeremiah Saken wrote:La Rynx wrote:Its even better: If isk gets cheaper, ships and fits get cheaper. Cheap stuff would be good for PvP since you do not loose expensive stuff. How can CCP get less for the game? The Plex was already sold? Expensive PLEX and cheap ISK are good for CCP: ppl wil risk more since all is cheaper. because you can buy more assets per 1 PLEX. So before ppl sell 1 PLEX per month, now will be selling 1 PLEX per two or three months. Less real cash for CCP. There is not a fixed pool of isk or players selling PLEX, so no. So yes... As long as the general trend of prices of all non-plex items is deflationary, the rising price of Plex has a compounding effect on itself in that people need to sell less of them to do what they want in the game... where as the people buying plex need to do more in game to gather the isk to buy. Again, it is a Hurricane effect. I think what is implying is that as the ISK value of a PLEX increases, more people will consider buying one to sell in game for ISK to fund their activities/give themselves an ISK injection. Which is correct. Unless CCP publish numbers on the amount of PLEX bought with cash and the number of PLEX redeemed in game for game time, we will never actually understand the ISK value increase. It is as simple as that.
The velocity (Market term for volume bought and finally used) has been decreasing for a long time. 2014 fanfest the reporting was velocity was falling as fast as the price was increasing, which is why CCP injected the market with Plex from banned accounts.
So no, people aren't buying more plex to sell to inject isk just because the price is going up. In fact market volume is way down on Plex and there is even less of it on the market this week than last, and the week before.
Plex is drying up. Like I said, If I need 1bil isk a month to fund my pvp, now I only have to sell 1 plex instead of 2. The guy buying my one has to grind twice as hard to buy it. It is a cycle.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
576
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Posted - 2015.09.16 12:50:12 -
[4] - Quote
Jenn aSide wrote:Mir Jana wrote:1 account Eve = 1 account in WoT + 1 account in LoL + 1 account in (random game name) = more fun then EVE at these plex prices... If PLEX prices are impacting your 'fun' that just means your way of thinking is the problem, not the price of PLEX. This is a very good example of what another poster said here, PLEX fooled ignorant people into thinking the game was 'free'. Notice how the above poster lists nothing but free to play games in his comparison to EVE.
I understand that Plex doesn't change the fun level of Eve... but what does it say about Eve that players would rather play free games than this one?
I said it before, I will say it again, and you will undoubtedly white-knight to the bitter end. Many players are willing to play Eve when it is free to them through Plex. Just because it is worth playing doesn't mean it is worth paying for to these players.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
576
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Posted - 2015.09.16 13:18:32 -
[5] - Quote
Jenn aSide wrote:Market McSelling Alt wrote:Jenn aSide wrote:Mir Jana wrote:1 account Eve = 1 account in WoT + 1 account in LoL + 1 account in (random game name) = more fun then EVE at these plex prices... If PLEX prices are impacting your 'fun' that just means your way of thinking is the problem, not the price of PLEX. This is a very good example of what another poster said here, PLEX fooled ignorant people into thinking the game was 'free'. Notice how the above poster lists nothing but free to play games in his comparison to EVE. I understand that Plex doesn't change the fun level of Eve... but what does it say about Eve that players would rather play free games than this one? It says that in general gamers suck, are cheapskates and we are better off without them. Quote: I said it before, I will say it again, and you will undoubtedly white-knight to the bitter end. Many players are willing to play Eve when it is free to them through Plex. Just because it is worth playing doesn't mean it is worth paying for to these players.
Screw them. The problem is a screwed up mentality ("something I like is worth the time it takes to get plex, but it's not worth 50 cents a day!"). CCP and EVE aren't responsible for the screwed up mentality of today's instant gratification gamer. More to the point, it's CCP's efforts to attain more of these types of people that have driven REAL EVE players (people with a sense of responsibly, a sense of patience, and sense of context (15 bucks a month is cheap for epic video game entertainment) and who know how to make 50 cents in a 24 hour span of time) away from the game. While I don't believe EVE is in any danger, I'd rather see it actually die rather than cater to the kinds of horribly entitled whiners you'd love to see it populated by.
You'd rather see it die... how noble your cause.
What is it again that CCP has done since 2009 to "attain" new players? Was it all that new shinny content they added like two iterations of Sov and ship skins?
My point had nothing to do with plex actually. It was more about Eve. CCP needs to make Eve beat free to play games, and if you think players are the problem and not CCP, then we can stop this discussion right now and watch the water drain to the bottom of the bowl together.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
578
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Posted - 2015.09.17 20:11:33 -
[6] - Quote
Anne Dieu-le-veut wrote:I'm sure CCP is losing all kinds of sleep over freeloaders threatening to quit. It's like threatening to stop pirating cable if the cable company doesn't lower their prices.
WTF do you whiners honestly expect CCP to do? They're not going to put a hard cap on what people can charge. If they lowered the IRL price of PLEX, there is no guarantee people buying PLEX from CCP would sell them any cheaper. If PLEX are selling reasonably fast for 1.2B, there's no reason for sellers to lower the price.
Ignorant
Even if you Plex your account you are still paying CCP for your game time. All Plex came from CCP, therefore all Plex is a monthy sub paid to them whether some noob paid it for you or you go on a Monthly plan.
In fact, CCP gets MORE cash from Plexers than they do monthly subs.
So stop being so ignorant. No one is "Pirating" plex from CCP.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
578
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Posted - 2015.09.17 20:16:44 -
[7] - Quote
Malcanis wrote:Market McSelling Alt wrote:
In fact, CCP gets MORE cash from Plexers than they do monthly subs.
The last figures I saw were that CCP get somewhere between 25-33% of their income from PLEX. Do you have a more recent source?
No, I mean Plex is at least $15 a piece and in some currencies more.
Monthly subs can get as low as $11 with multi month discounts and even lower with buddy and power of 2.
I didn't mean macro sense, sorry.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
579
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Posted - 2015.09.17 22:00:33 -
[8] - Quote
Anne Dieu-le-veut wrote:Market McSelling Alt wrote:Anne Dieu-le-veut wrote:I'm sure CCP is losing all kinds of sleep over freeloaders threatening to quit. It's like threatening to stop pirating cable if the cable company doesn't lower their prices.
WTF do you whiners honestly expect CCP to do? They're not going to put a hard cap on what people can charge. If they lowered the IRL price of PLEX, there is no guarantee people buying PLEX from CCP would sell them any cheaper. If PLEX are selling reasonably fast for 1.2B, there's no reason for sellers to lower the price. Ignorant Even if you Plex your account you are still paying CCP for your game time. All Plex came from CCP, therefore all Plex is a monthy sub paid to them whether some noob paid it for you or you go on a Monthly plan. In fact, CCP gets MORE cash from Plexers than they do monthly subs. So stop being so ignorant. No one is "Pirating" plex from CCP. LOL talk about ignorant. Your time playing <> money for CCP. You are paying the person you bought the PLEX from for your playing time. People subbing with PLEX bought from Jita are not contributing to CCP's bottom line.
THE PLEX CAME FROM SOMEWHERE
You have to buy Plex from CCP. Don't be stupid
What you are saying is ignorant. It would be akin to saying you don't support Kraft foods when you buy a box of Kraft Mac & Cheese from your local grocery because you paid that grocery directly. Ignorant.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
587
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Posted - 2015.09.17 22:40:36 -
[9] - Quote
Scipio Artelius wrote:Aaron wrote:I meant paying attention to whats happening with ccp/Eve, Wow, you still see what plex users have said as irrelevant. You can't even see that its not really me pushing, My views are based on other peoples (plex users) gripes.
No, I don't see what PLEX users say is irrelevant. I just see it as a personal experience and not necessarily representative of the broader communities view on the whole, simply because there hasn't been enough consistency in view that makes a representative sample. Show me the single consistent argument stated over and over and over, by a representative sample of the playerbase. So far, you haven't shown that in any way at all. The only thing has been "well I've listened and therefore it is true". I've also listened and don't see the same thing you see. There is no consistency in the argument and a lot of is it whining from a few, certainly not enough numbers that has any statistical significance.
It is a system pretty similar to that of the Labor Unions and Auto-Companies. Labor always wants more money and benefits, Car Companies want to pay less to make more profit on cars.
Car Companies need labor to make the cars so they are a necessary evil. Labor needs the Car Company to be able to sell cars so they can get work and wages. It is a system of balance.
I guess some are calling for the balance to be looked into. But I don't know where the correct equilibrium should be.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
587
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Posted - 2015.09.17 23:51:55 -
[10] - Quote
Hasikan Miallok wrote:My simplistic observation is this:
- people do not generally decide how many PLEX to get based on how much real cash they want to spend - people do not generally decide how many PLEX to get based on how much ISK they get per PLEX
Many (most?) people base their purchases on how much ISK they need.
This means: - PLEX supply will be resistant to ISK/PLEX price changes and may even drop as ISK/PLEX rises - PLEX supply will be resistant to real money price changes and supply will only increase slightly as PLEX price drops
Which lends back to my backwards toilet theory. People only IRL Buy the Plex they need to get a certain isk amount in game. Therefore as the price ingame increases, less Plex is needed to get the assets they want. Those buying plex in game have to work harder, pushing the price of non-plex ingame items down.
It is a vicious cycle. Plex continues to become more scarce as its value in game increases. Sad really.
There needs to be a balance, but without artificial manipulation there can't be. Therefore Plex is a horrible idea since it is really pegged at two differnt currencies, one that changes and one that doesn't, one that has real value and one that doesn't. Plex needs to die honestly. Or someone smarter than I needs to come up with a better system.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
587
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Posted - 2015.09.18 00:13:20 -
[11] - Quote
Aaron wrote:Salvos Rhoska wrote:Aaron wrote:Ok, so people use plex as an investment buying low then selling high. I'm sure you're aware this type of investment has a time limit and I don't think people will hold on to plex at this point. At some point the stockpile will be sold and used to plex accounts.
How are you faring with affording plex? will you find 1.3b and rising hard to achieve every month? What will you do if you can't achieve it or find it time consuming?
If plex users are finding it hard then this must be listened to. You are completely missing my point, man. 1) The largest hoarders are not selling. Infact Im not even entirely certain they have any intention of ever selling. The current price situation is irrational as weighed against a tight sequence of strong effects which should have additively reduced PLEX price, but did not. Instead prices rise faster. The force of commerce required to have overcome these commensurate PLEX price mitigators is huge, premeditated, concerted and deliberate. I previously called you on being too abstract and extreme, now I have to call you on being too narrow. As I said, PLEX sitting in someones station hold IS NOT SUBBING ANYONE, and yet appreciating in value for every unit taken off the market. Take a minute to think on the long term implications of that. 2) There is no time limit. If you hold 1000+ PLEX , and started buying already in August 2014, your stock value is already enormously appreciated in value. The amount of stockpiled PLEX in this game, at this point, can easily overcome the incidental introduction of more of it in competition, simply by buying it off the market. 3) How am I faring? Im liquidating assets as fast as I can to buy PLEX. My only regret is I didnt do it a month ago (let alone a year ago). 4) This is EVE. Remember that. The potential for critical mass PLEX manipulation has always been a potential. Last years events from last fall have created an excellent opportunity in may ways that some organisations have finally found a window for actualising this. 5) Nothing can be done, except to buy up as much PLEX as you can, right now, so that you are not left disadvantaged when PLEX finally stabilises at some higher rate. 6) PLEX is not going to drop. Nothing indicates that it would. Its rises already overcame significant mitigants, and hoarders have a vested interest in maintaining it high, which they will, and theybhave the appreciated stock with which to facilitate that. I'm going to stop talking to you because your view is one-sided, you speak of plex stabilizing but you refuse to take into account the fact that if no one buys it then it is worth nothing. If plex traders aren't careful their stock value will vanish. Traders should analyse the market in its entirety and pay attention to customer feedback. Plex customers have reported that their extra accounts are now closed and they struggle to keep 1 account plexed. the plex traders are like: **** you, pay me! I dunno man there's something wrong with this whole picture. Listen, don't take my word for anything, we can keep our eyes open and see what happens.
The only things Plex horders have to really worry about is:
A) There is never enough trade volume to do a dump on the market of large quantities for profit. Even at the current prices you wouldn't be able to sell 1000 Plex and make much money from earlier this year, the Buy orders aren't there to support large dumps.
B) If the servers close, or CCP cancels the plex program you are sitting on huge piles of Anaconda Mines.
I guess B isn't that big of a deal because if the servers close who cares about your in game assets anyways.
Just because a person closes their account due to Price of Plex now, doesn't mean they will never come back if the price was imploded on the market.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
587
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Posted - 2015.09.18 00:15:49 -
[12] - Quote
Anne Dieu-le-veut wrote:Aaron wrote:Nothing can beat your buddy paying your sub for a reward theres no other way. We need regulation, the only way seems to be reducing RL cost.
You haven't demonstrated in any way how lowering the IRL price of PLEX will lower the market value. You aren't reducing the supply of ISK, so people willing to spend a billion plus can and will spend it. I honestly wouldn't care either way if they made PLEX price packages identical to sub package prices...I just don't think it would do anything. TBH I think IRL PLEX prices will always be more, because you can do more with them.
Yeah but it would be nice to have some parity in the IRL price of Plex. I mean depending on your country of origin you could be paying as much as 60% more than the guy from New York.
Also 2x plex for character transfer when its equivalent price is $20 is a scam. CCP is collecting more from those Plex than they would from the actual service with paypal or a credit/debit account.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
589
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Posted - 2015.09.18 19:57:40 -
[13] - Quote
Bagrat Skalski wrote:Its hard to say where these prices would be in a month. Days of predictability are over. Something snapped.
Lots of old rich players were are going to leave the game anyways decided to take their isk and ruin it for everyone?
I don't know. That is what I am doing. Before I go I am buying a few hundred billion isk of Plex to keep it off the market, then unsub all of my accounts.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
589
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Posted - 2015.09.18 20:31:17 -
[14] - Quote
Odie McCracken wrote:So what page will this thread be on when it gets to 1.5Bil? My guess is 25.
Don't be so sure... watch the price as we type. Someone is getting out early
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Market McSelling Alt
Bernie Madoff Investment Services LLC
589
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Posted - 2015.09.18 20:49:53 -
[15] - Quote
Markus Reese wrote:Tank Murdock Jnr wrote:Odie McCracken wrote:So what page will this thread be on when it gets to 1.5Bil? My guess is 25. Well, I'm reliably informed that lots of old rich players are leaving with the intention of ruining it for everyone. So, page 22. When the garbage is cleaned up, does it not get better?
No, the lights get turned off.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
597
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Posted - 2015.09.20 01:29:06 -
[16] - Quote
Aaron wrote:Nicolai Serkanner wrote:Aaron wrote:Tippia wrote:
No. None of them even come close to being relevant to your idea that CCP needs to reduce the retail price of PLEX. They don't even mention it, and you have consistently failed to offer any sane or sensible connection between what they say and what you want the conclusion to be.
LMAO, now you're trying to tell me the RL price of a plex has no effect on the isk price? The people who use RL cash to buy plex want value for money which I understand. This is the kind of logic you refer to as insane. God knows how you got all those likes, you talk ****. You should really stop posting because you make absolutely no sense at all. Does this guy not make any sense either? A plex sale for people and ccp
From your own article:
"CCP can run all the sales they want, but unless players en masse feel thereGÇÖs a need for a quick infusion of liquid isk, it wonGÇÖt change playersGÇÖ desire to spend their cash buying PLEX from CCP."
So no, people aren't going to buy cheaper plex because the need for plex is not there to support it at any price. The deflationary pressure of items in this game, and the lack of expensive end game goals now have led us to no longer need isk infusion.
Again, we need Content. PVP, PVE, PVB, PBJ anything, Content.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
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Posted - 2015.09.20 18:37:20 -
[17] - Quote
Zihao wrote:Salvos Rhoska wrote: You just face-planted.
This is not my face. This is my avatar. Faces cannot be "planted," because they are not plants. You lose literal-man.
Nope, you face-planted.
And now you are getting your alts to like your post... double down on stupid.
Never go full reterd.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
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Posted - 2015.09.20 19:28:32 -
[18] - Quote
Faenir Antollare wrote:Salvos Rhoska wrote:Zihao wrote:Salvos Rhoska wrote: PLEX is not a "privilege". Its a commodity that is bought into the universal game world with RLM.
PLEX is not a "commodity," it's a series of bits in memory somewhere on a server bought into the game universe with algorithms. Actually, since we're going to be obnoxiously literal and obtuse to idiom, PLEX is just a bunch of vibrating sub-atomic matter. You just face-planted. Hard. Its clear you have been hurt either on this account or another, and desperately want to strike back anyway you can. But in this instance, you really should re-evaluate what you just said, pick up your teeth and be on your way. Posting in a.. I "Liked a Salvos post" thread
I know, made me feel a little dirty too. But right is right.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
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Posted - 2015.09.20 20:27:10 -
[19] - Quote
Zihao wrote:Cars aren't a privilege, they're machines that are built with metal, rubber, and plastic for money.
#feelthebern
You know what else Cars aren't?!
In Eve Online.
WTF are you babbling on aboutGäó
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Market McSelling Alt
Bernie Madoff Investment Services LLC
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Posted - 2015.09.20 21:37:21 -
[20] - Quote
Hippinse wrote:Market McSelling Alt wrote:Zihao wrote:Cars aren't a privilege, they're machines that are built with metal, rubber, and plastic for money.
#feelthebern You know what else Cars aren't?! In Eve Online. WTF are you babbling on aboutGäó Ooooh, driving in stations!
See, Content!
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Market McSelling Alt
Bernie Madoff Investment Services LLC
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Posted - 2015.09.21 00:28:12 -
[21] - Quote
Tyberius Franklin wrote:Quote:PLEX is available to everyone, and anyone in EVE and outside of it, by exactly the same means.
No privilege is necessary or required. All you need is money, or isk.
If you are unable to afford PLEX, that does not mean you are "under privileged", or lacking a privilege which those who can afford it have.
It merely means you do not have as much money to spend (or will to do so), ingame or without it, to purchase this commodity.
Its nonsense and quite a perversion of the severe concept of "privilege" for which there are serious historical examples, to walk around in life thinking you are "under privileged" because you can't afford a gold watch or a Ferrari. That seems contradictory. If the item has a fixed cost or method of being obtained it isn't available to those who can't pay that cost. It therefore isn't available to everyone. If I don't have the ability to pay the necessary cost it very much means I can't have the item. That excludes me from an ability, through lack of wealth, that others have. That someone doesn't have as much to spend doesn't negate the distinction, it IS the distinction. Thus PLEX (and pretty much everything else at some level) becomes a privilege of wealth.
Privilege of wealth, in-game or real-life.
Now... can we care less about its class definition and care more about the effect of its in-game price on real-life players?
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Market McSelling Alt
Bernie Madoff Investment Services LLC
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Posted - 2015.09.21 00:28:57 -
[22] - Quote
Salvos Rhoska wrote:Zihao wrote:Salvos Rhoska wrote:If you think that way, why do you not instead then pay the subs of the people whining here, as you are so "privileged"? What about the acknowledgement of privileged obligates him to do anything like that? What in my statement claims he is obligated? You are making a false assumption. The question simply asks why he does not do so.
Because he is not a philanthropist and advocating philanthropy pisses me off.
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Market McSelling Alt
Bernie Madoff Investment Services LLC
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Posted - 2015.09.21 12:08:51 -
[23] - Quote
Let us actually agree that he can't actually HAVE babies... but that we should fight for his RIGHT to HAVE them?!
But he can't actually have babies, where is the fetus going to gestate? You gonna keep it in a box?!
^Thread, circa p.24-30^
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Market McSelling Alt
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Posted - 2015.09.21 20:47:56 -
[24] - Quote
Tau Cabalander wrote:Aaron wrote:You're impsossible. Don't ever argue with Tippia. Imagine if Steven Hawking and Johnny Cochran had a child. It's a battle that few are prepared to fight. Just accept the loss and move on. [Or reach for the Chewbacca Defense to daze 'em while you make your escape.]
This is correct. Tippia will start to argue that you should have used "Than" instead of "Then" therefore the shields of the moon of Endor were still up and the trap was still an illusion... 47... Tupac is still alive. Done.
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Market McSelling Alt
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Posted - 2015.09.21 22:07:38 -
[25] - Quote
"I'm not a racist, I have plenty of [insert race here] imaginary digital pixel friends"
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Market McSelling Alt
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Posted - 2015.09.21 23:19:27 -
[26] - Quote
Anne Dieu-le-veut wrote:Assuming for argument's sake the number of people buying PLEX from CCP is down, maybe it's because ISK is so easy to make, fewer people feel the need to spend money for PLEX for a quick infusion of ISK. This would lead space rich people are to offer to pay more to entice someone to sell them one.
It doesn't matter to me if PLEX is $19.95 or $14.95 when it comes to deciding if I am going to buy one. If they dropped the price to $14.95 tomorrow, I still wouldn't buy any, because I don't need the ISK, and if I did, I'd still sell it for as much as I could get, and not pass my savings on to the user.
Or that there is nothing in game to spend said isk on. No conflict drivers, no shinny things, no capitals, no end game goods.
Deflation is starting to show up in several areas of the market recently, not just T3 prices, T2 mods and rigs, but also in certain mineral and ice markets as well. Pith/Gist stuff was just the beginning. Even the LP store for SoE is taking a hit right now.
Everything is costing less on the market, there is less need to buy it and there is less people buying. Thus Plex rises because Out of game supply is diminished, and in game demand increases (Not going to pay real money myself to play a game im not enjoying, but will use in-game assets to keep the skill queue running)
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Market McSelling Alt
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Posted - 2015.09.22 00:01:38 -
[27] - Quote
Teckos Pech wrote:Market McSelling Alt wrote:Anne Dieu-le-veut wrote:Assuming for argument's sake the number of people buying PLEX from CCP is down, maybe it's because ISK is so easy to make, fewer people feel the need to spend money for PLEX for a quick infusion of ISK. This would lead space rich people are to offer to pay more to entice someone to sell them one.
It doesn't matter to me if PLEX is $19.95 or $14.95 when it comes to deciding if I am going to buy one. If they dropped the price to $14.95 tomorrow, I still wouldn't buy any, because I don't need the ISK, and if I did, I'd still sell it for as much as I could get, and not pass my savings on to the user. Or that there is nothing in game to spend said isk on. No conflict drivers, no shinny things, no capitals, no end game goods. Deflation is starting to show up in several areas of the market recently, not just T3 prices, T2 mods and rigs, but also in certain mineral and ice markets as well. Pith/Gist stuff was just the beginning. Even the LP store for SoE is taking a hit right now. Everything is costing less on the market, there is less need to buy it and there is less people buying. Thus Plex rises because Out of game supply is diminished, and in game demand increases (Not going to pay real money myself to play a game im not enjoying, but will use in-game assets to keep the skill queue running) Well prices might be dropping, but not due to deflationGǪunless you got some reason for us to believe that the amount of ISK in the economy is shrinking. Sheesh...I blew that.
Deflation by definition is the price of goods dropping. Doesn't matter why for this discussion. Isk availability shrinking is one of the ways deflation could happen.
Good example of how money supply has no effect on prices is the current economic conditions of the United States. Their dollar value is rising, but the amount of money being created from thin air has never been higher. Lots of reasons for Inflation, Stagflation and Deflation.
Eve is deflating in prices, for many reasons.
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Market McSelling Alt
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Posted - 2015.09.22 00:41:51 -
[28] - Quote
Tiberius Heth wrote:Market McSelling Alt wrote: Deflation by definition is the price of goods dropping. Doesn't matter why for this discussion.
What?
Apparantely you are getting the cause of most types of Inflation/Deflation confused with the actual definition of Deflation.
Let me help you out
As you can see, money supply is credited as the often likely cause. In the case of our Eve Economy, it likely is not. Oversupply of raw materials is likely the cause of deflation in Eve.
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Market McSelling Alt
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Posted - 2015.09.22 01:11:03 -
[29] - Quote
Zihao wrote:Market McSelling Alt wrote: As you can see, money supply is credited as the often likely cause. In the case of our Eve Economy, it likely is not. Oversupply of raw materials is likely the cause of deflation in Eve.
I'd be curious to know why you think monetary inflation isn't also a culprit. I don't have any reason to suppose that both aren't a strong factor or that one is stronger than the other, but plentiful reminders can be found here that "incursions and high class wh are the best isk/hr," and these are rather explicitly pumping isk into the economy.
Because monetary inflation wouldn't cause prices to drop...
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Market McSelling Alt
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Posted - 2015.09.22 01:12:08 -
[30] - Quote
Hasikan Miallok wrote:Market McSelling Alt wrote:
Deflation is starting to show up in several areas of the market recently, not just T3 prices, T2 mods and rigs, but also in certain mineral and ice markets as well. Pith/Gist stuff was just the beginning. Even the LP store for SoE is taking a hit right now.
The SOE LP hit may be a localised phenonema related to burners. However as a case in point it seems to me the volume of PI being traded this month is around half what was being traded in the same period last year though I have limited access to accurate figures.
You are correct, LP values are just a localized part of the economy. But it was just one of the examples for how asset deflation is taking hold in a shrinking game economy.
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Market McSelling Alt
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Posted - 2015.09.22 01:16:43 -
[31] - Quote
Zihao wrote:Market McSelling Alt wrote:Zihao wrote:Market McSelling Alt wrote: As you can see, money supply is credited as the often likely cause. In the case of our Eve Economy, it likely is not. Oversupply of raw materials is likely the cause of deflation in Eve.
I'd be curious to know why you think monetary inflation isn't also a culprit. I don't have any reason to suppose that both aren't a strong factor or that one is stronger than the other, but plentiful reminders can be found here that "incursions and high class wh are the best isk/hr," and these are rather explicitly pumping isk into the economy. Because monetary inflation wouldn't cause prices to drop... The two aren't mutually exclusive though. Specifically, isk spent on PLEX or not spent at all doesn't can't drive asset prices up. The existence of isk along is not sufficient to cause general asset inflation. Players have to compete for those items to drive the price up.
That is exactly what I said. But for some reason you are trying to make a point about monetary inflation that simply is having no effect on asset prices.
Monetary inflation effecting Plex? Yes Asset deflation effecting Plex? Yes Monetary inflation causing asset deflation... lol no
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Market McSelling Alt
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Posted - 2015.09.22 07:13:47 -
[32] - Quote
Teckos Pech wrote:Market McSelling Alt wrote:Zihao wrote:Market McSelling Alt wrote: As you can see, money supply is credited as the often likely cause. In the case of our Eve Economy, it likely is not. Oversupply of raw materials is likely the cause of deflation in Eve.
I'd be curious to know why you think monetary inflation isn't also a culprit. I don't have any reason to suppose that both aren't a strong factor or that one is stronger than the other, but plentiful reminders can be found here that "incursions and high class wh are the best isk/hr," and these are rather explicitly pumping isk into the economy. Because monetary inflation wouldn't cause prices to drop... Increasing money supply and a drop in the general price level. Sure. BTW, where is your index of prices? Got one? Admittedly I don't, but I'm guessing you don't either and you are basing your claims on anecdotes.
Are you prepared to make the statement that there isn't more Isk Faucets than Isk Sinks in this game each month? Would be a bad statement to make.
Are you prepared to admit you are too lazy to look up price history for basic items? Because you don't need someone else creating a spreadsheet for you when you can just open up your market in game and take a look.
So please, before you try and patronize me, think about what you are actually saying. Monetary Inflation has always happened in this game due to its very design. Asset Deflation hasn't always happened but it definitely is right now.
Plex inflation appears to be a symptom of both Monetary Inflation and Asset Deflation. It isn't rocket science, its economics.
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Market McSelling Alt
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Posted - 2015.09.22 17:53:34 -
[33] - Quote
R3DRUM wrote:I love plex prices! its nice to know most of eve are real life poor. Once a week I sell a plex fit 20 ships and pvp all week. I dont have to PVE at all. Keep rising PLEX prices!
Plex is nothing more than a legalized method to Pay to Win...
Or at least Pay to Fail Harder.
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Market McSelling Alt
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Posted - 2015.09.24 00:23:17 -
[34] - Quote
Cancel Align NOW wrote:Alas Yang, I hit reply with the intent of going along with your Aaronicde. I can not bring myself to follow through.
Is that compassion I detect?!
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