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Plex hits 1b ISK in Jita

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Tippia Sunshine and Lollipops 25527	Posted - 2015.08.07 13:04:19 - [31] - Quote Frostys Virpio wrote: Why should there be equilibrium when it can just keep rising? Hey, these aren't tulips we're talking about. GÇ£If you're not willing to fight for what you have in GëívGëí you don't deserve it, and you will lose it.GÇ¥ Get a good start: Newbie skillplan 2.2.
Remiel Pollard Black Hydra Consortium. CODE. 6751	Posted - 2015.08.07 13:11:00 - [32] - Quote Tippia wrote: Frostys Virpio wrote: Why should there be equilibrium when it can just keep rising? Hey, these aren't tulips we're talking about. I totally get that reference. **** I'm old. GÇ£Some capsuleers claim that ECM is 'dishonorable' and 'unfair'. Jam those ones first, and kill them last.GÇ¥ - Jirai 'Fatal' Laitanen, Pithum Nullifier Training Manual c. YC104
Darek Castigatus Immortalis Inc. Shadow Cartel 677	Posted - 2015.08.07 13:12:16 - [33] - Quote Remiel Pollard wrote: Tippia wrote: Frostys Virpio wrote: Why should there be equilibrium when it can just keep rising? Hey, these aren't tulips we're talking about. I totally get that reference. **** I'm old. Nah, just have good historical taste. Pirates - The Invisible Fist of Darwin you're welcome
Tippia Sunshine and Lollipops 25529	Posted - 2015.08.07 13:16:36 - [34] - Quote Darek Castigatus wrote: Remiel Pollard wrote: I totally get that reference. **** I'm old. Nah, just have good historical taste. I suppose I could have said boo.com stock, but now I realise that there are probably posters here that were born after that, so now I feel old. And tulips should be general knowledge, dammit. GÇ£If you're not willing to fight for what you have in GëívGëí you don't deserve it, and you will lose it.GÇ¥ Get a good start: Newbie skillplan 2.2.
Webvan All Kill No Skill 12192	Posted - 2015.08.07 13:20:11 - [35] - Quote Tippia wrote: Wohoo! More cash for less. \o/ Daniela Doran wrote: Wrong! People will stop plexing and either quit because too expensive or pay the 3 months/6months package from account management. Either way is bad because the rising plex prices is due to the rapid decline in subscribers and this is still summer. Makes you wonder what's gonna happen to eve when school starts. Do you have any actual numbers on that decline? And have you taken into account the regular player activity behaviour during summer and early autumn? Also keep in mind the bulk of the playerbase is in their 30's here. Some 60% I think it was. 10-15% in their 40's. ~25% in their 20's. A large percentage of players according to CCP are into tech, computer related, IT jobs. Why does it matter when school starts? So wrong on so many things, Dan. I'm in it for the money Ctrl+Alt+Shift+F12
McChicken Combo HalfMayo The Happy Meal 993	Posted - 2015.08.07 15:55:25 - [36] - Quote Tulips and boo.com Not sure what era you folks are from but glad I wasn't part of it. There are all our dominion Gate camps: "Its like the lowsec watercooler, just with explosions and boose" - Ralph King-Griffin
Frostys Virpio KarmaFleet Goonswarm Federation 2100	Posted - 2015.08.07 16:01:51 - [37] - Quote Tippia wrote: Frostys Virpio wrote: Why should there be equilibrium when it can just keep rising? Hey, these aren't tulips we're talking about. If people do what was done back when the tulip market crashed when the PLEX market potentially crash, I won't be able to do anything but laugh.
Jenn aSide Ascendent. Test Alliance Please Ignore 12087	Posted - 2015.08.07 16:22:05 - [38] - Quote Adriana Nolen wrote: I'm sure all of us are space rich but Yea, one has to be super space rich to generate an average of 33.3 million isk per day in a game that has missions and anomalies that pay 33.3 million isk for 5-10 minutes of 'lol work' (if you are a scrub and don't want to do 6 minutes of faction warfare missions that is).
Tippia Sunshine and Lollipops 25532	Posted - 2015.08.07 16:46:59 - [39] - Quote McChicken Combo HalfMayo wrote: Tulips and boo.com Not sure what era you folks are from but glad I wasn't part of it. Bad news: you areGÇª GÇ£If you're not willing to fight for what you have in GëívGëí you don't deserve it, and you will lose it.GÇ¥ Get a good start: Newbie skillplan 2.2.
Starbuck05 Zeura Brotherhood 274	Posted - 2015.08.07 16:51:46 - [40] - Quote Get used to it...gone are the days when plex was 400 mil -á- I am the commanding officer , u should adress me as sir ! -á- But if i call u sir , what would i call your wife then ??
Vincent Athena V.I.C.E. 3578	Posted - 2015.08.07 16:52:33 - [41] - Quote In economic theory there is something called Giffen good (good, as in "goods and services"). These are goods which have a reversed supply-demand curve. That is, an increase in price results in a decrease in supply. It is possible that the PLEX is a Giffen good. To see how this could be, first let me recast what I mean by "the price of the PLEX". Consider how much Real Money I need to buy, say, 10 billion ISK via PLEX. As the ISK value of the PLEX increases, the price, in Real Money, of 10 billion ISK decreases. Normally one would expect this to increase the demand for PLEX. As the Real Money cost of 10 billion ISK drops, more players will opt to make the purchase. But if the PLEX is a Giffen good, then the reverse happens. The mechanism may be: The number of people who would want a supercap is limited by the number of characters who have skills to fly them, not the super's price. Dropping the price of supers will have only a small effect on their demand. (I'm assuming a player does not want spare supers sitting about, they want most every one logged off in space with a pilot sitting in it.) A player with little ISK can buy a super by using Real Money to buy PLEX, selling the PLEX for ISK and buying the super. As the ISK value of a PLEX increases, the number of PLEX the player need buy goes down. Increased ISK price leads to a reduced supply of PLEX. (Or, to put it another way, the decreasing price of ISK leads to decreasing demand for PLEX). This makes the PLEX a Giffen good. A numerical example: Say the ISK price of the PLEX increases by 10%. Any player deciding to make a big purchase now needs to buy 10% fewer PLEX. Lets say as a result of the better price, 5% more players decide to make such a purchase. Yes, the total players buying PLEX increases, and the total ISK bought increases, but as each now buys fewer PLEX, the total supply of PLEX goes down. Again, we have a Giffen good. What this means for CCP: The increasing ISK value of the PLEX would reduce revenue, and hence is not in CCPGÇÖs best interest. Know a Frozen fan? Check this out Frozen fanfiction
Erin Crawford 481	Posted - 2015.08.07 17:01:37 - [42] - Quote Vincent Athena wrote: ... What this means for CCP: The increasing ISK value of the PLEX would reduce revenue, and hence is not in CCPGÇÖs best interest. which is why CCP is currently offering us a 10% PLEX safe. "Those who talk donGÇÖt know. Those who know donGÇÖt talk. "
Kaivar Lancer Placid Peace Corps 679	Posted - 2015.08.07 17:13:20 - [43] - Quote Not much we can do. PLEX holders have no reason to sell. Now, if CCP introduced a regular tax or fee for holding a PLEX, we can expect PLEX to flood the market. The fee needn't be large, perhaps 0.01% of the median Jita value per day. People would be more compelled to only buy a PLEX when they need it, as opposed to hoarding it for no reason.
Kooshti Bargain Booze 26	Posted - 2015.08.07 17:15:14 - [44] - Quote Kaivar Lancer wrote: Not much we can do. PLEX holders have no reason to sell. Now, if CCP introduced a regular tax or fee for holding a PLEX, we can expect PLEX to flood the market. The fee needn't be large, perhaps 0.01% of the median Jita value per day. People would be more compelled to only buy a PLEX when they need it, as opposed to hoarding it for no reason. no my rl money doesnt really get taxed for sitting around so neither should my plex
Vincent Athena V.I.C.E. 3578	Posted - 2015.08.07 17:21:34 - [45] - Quote Kaivar Lancer wrote: Not much we can do. PLEX holders have no reason to sell. Now, if CCP introduced a regular tax or fee for holding a PLEX, we can expect PLEX to flood the market. The fee needn't be large, perhaps 0.01% of the median Jita value per day. People would be more compelled to only buy a PLEX when they need it, as opposed to hoarding it for no reason. It's not "no reason". It's protection against continuing price rises, or as an investment. Know a Frozen fan? Check this out Frozen fanfiction
Tackninja Boob Heads Black Legion. 0	Posted - 2015.08.07 17:41:48 - [46] - Quote Quote: no my rl money doesnt really get taxed for sitting around so neither should my plex its like people investing in gold irl, plex is new eden gold Actually it does. It is a type of capital gains tax. But still, EVE is not "real" world. So them applying a tax is plausible and would potentially help lower PLEX costs.
Algarion Getz Aideron Corp 50	Posted - 2015.08.07 18:17:56 - [47] - Quote Kaivar Lancer wrote: Not much we can do. PLEX holders have no reason to sell. Now, if CCP introduced a regular tax or fee for holding a PLEX, we can expect PLEX to flood the market. The fee needn't be large, perhaps 0.01% of the median Jita value per day. People would be more compelled to only buy a PLEX when they need it, as opposed to hoarding it for no reason. A fee pff, this is EVE not WOW. CCP should add a 30 day expiration timer to PLEX. When it reaches 0, the PLEX deletes itself and the EVE client plays a video of a smiling Hilmar, lighting a cigar with 20Gé¼ bill. This would end all the PLEX hoarding.
Tipa Riot Federal Navy Academy Gallente Federation 1187	Posted - 2015.08.07 18:34:14 - [48] - Quote Demand exceeds supply ... price rises. So there is likely too much ISK in the game and too many players want to buy PLEX. The other explanation that the EvE players got poorer in RL does not sound plausible. Also I don't think a hypothetical decreasing number of players "favors" the ones who sell PLEX to fund their PvP. I'm my own NPC alt.
Rain6637 GoonWaffe Goonswarm Federation 32154	Posted - 2015.08.07 18:34:47 - [49] - Quote suddenly I can't figure out how to edit my signature. I want to add the Giffen good post to it. Help, I can't download EVE President of the Commissar Kate Fanclub
DaReaper Net 7 2460	Posted - 2015.08.07 19:29:18 - [50] - Quote TL;DR too much salt i am sure.. but my response to these is the same.. So? You can make 1b isk in about 4 hours in a c4 wormhole. If you and another friend run it you can make more. It really is not hat hard to make 1b isk. OMG Comet Mining idea!!! Comet Mining! Yes i am optimistic about eve.. i'm giving it till dec 31st 2016 before i doom n gloom
Mr Epeen It's All About Me 8945	Posted - 2015.08.07 20:13:42 - [51] - Quote DaReaper wrote: It really is not hat hard to make 1b isk. That's the problem right there, in my opinion. Remember when a million was huge? I do. I was over the moon when my wallet hit 100m. And I earned it. I didn't buy it from CCP. Then came PLEX. CCP's answer to attracting all those millennials coming of age into the game. Now a billion is nothing. I feel barely adequate with my current worth of around 140b. What a failed experiment PLEX turned out to be for actual gamers. Great for CCP, though, so it's here to stay. Unfortunately. Mr Epeen There are 86,400 seconds in a day. You just saved one of them by typing 'u' instead of 'you'.-á Congratulations, dumbass!
Vortexo VonBrenner Tadakastu-Obata Corporation The Honda Accord 2079	Posted - 2015.08.07 20:25:40 - [52] - Quote Mr Epeen wrote: I feel barely adequate with my current worth of around 140b. You feel inadequate, yes? I see. *scribble scribble Tell me about your mother... ITT: ARE YOU NOT ENTERTAINED?
Nicolai Serkanner Jebediah Kerman's Junkyard and Spaceship Parts Co. Brave Collective 450	Posted - 2015.08.07 20:34:18 - [53] - Quote B0RG 0VERLORD wrote: well i disagree,i think prices of plex will start to fall when supply and demand slopes,the amount of users buying will drop due to less people playing eve,numbers say we dropped 10000 members online in the last month(since fuzziesov), so less people = less plex being bought thanks Funny though that so far, you, and all the other EvE is doomed sayers, have been wrong, because the price of PLEX has been increasing again and again.
Nicolai Serkanner Jebediah Kerman's Junkyard and Spaceship Parts Co. Brave Collective 450	Posted - 2015.08.07 20:35:58 - [54] - Quote Mr Epeen wrote: DaReaper wrote: It really is not hat hard to make 1b isk. That's the problem right there, in my opinion. Remember when a million was huge? I do. I was over the moon when my wallet hit 100m. And I earned it. I didn't buy it from CCP. Then came PLEX. CCP's answer to attracting all those millennials coming of age into the game. Now a billion is nothing. I feel barely adequate with my current worth of around 140b. What a failed experiment PLEX turned out to be for actual gamers. Great for CCP, though, so it's here to stay. Unfortunately. Mr Epeen You might feel adequate; doesn't mean you are.
La Rynx School of Applied Knowledge Caldari State 341	Posted - 2015.08.07 20:40:47 - [55] - Quote a some are getting closer... not the value of plex is rising! the value of isk is decreasing! Atomic Virulent : "You can't spell DOUCHE. without CODE."
Hal Morsh Delusions of Granduer Two Drink Minimum 371	Posted - 2015.08.07 21:03:02 - [56] - Quote The higher plex goes, the more I feel like spending 20$ on some space goodies. Last time I did it I had a blast with all that isk. Dun'Gal > Hal is simply an imperfect ai, though if drunkeness ever gets programmed into ai's I foresee both a hilarious and tragic end to humanity.
Vincent Athena V.I.C.E. 3583	Posted - 2015.08.07 21:07:30 - [57] - Quote Rain6637 wrote: suddenly I can't figure out how to edit my signature. I want to add the Giffen good post to it. Your name at the top, forum settings. B0RG 0VERLORD wrote: well i disagree,i think prices of plex will start to fall when supply and demand slopes,the amount of users buying will drop due to less people playing eve,numbers say we dropped 10000 members online in the last month(since fuzziesov), so less people = less plex being bought thanks I looked at eve-offline. The average number of players on-line, averaged over a week or more, has been constant at 21000 for over 6 weeks. There was no drop of 10,000 from the new sov. In fact, the steady decline we've been having all year came to an end when the new sov rules hit. Know a Frozen fan? Check this out Frozen fanfiction
Malcanis Vanishing Point. The Initiative. 16829	Posted - 2015.08.07 21:09:04 - [58] - Quote At the end of the day, I think CCP are going to be confronted with the necessity of lowering their price point. It may seem counter-intuitive, but they're better off with 15 customers paying $10 each than they are with 10 customers paying $15 each. And not just a bit better - a lot better off. "It is difficult to get a man to understand something, when his ISK/hr depends upon his not understanding it!"
Nicolai Serkanner Jebediah Kerman's Junkyard and Spaceship Parts Co. Brave Collective 450	Posted - 2015.08.07 21:19:48 - [59] - Quote Malcanis wrote: At the end of the day, I think CCP are going to be confronted with the necessity of lowering their price point. It may seem counter-intuitive, but they're better off with 15 customers paying $10 each than they are with 10 customers paying $15 each. And not just a bit better - a lot better off. Also ingame.
Tippia Sunshine and Lollipops 25532	Posted - 2015.08.07 21:21:33 - [60] - Quote Also, can we get the difference between GÇ£lessGÇ¥ and GÇ£fewerGÇ¥ right, please? GÇ£If you're not willing to fight for what you have in GëívGëí you don't deserve it, and you will lose it.GÇ¥ Get a good start: Newbie skillplan 2.2.

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