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Thread Statistics | Show CCP posts - 0 post(s) |
Skeln Thargensen
katana spelunking trips
588
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Posted - 2015.09.08 23:13:39 -
[91] - Quote
lovely.
for people with jobs that don't need a videogame job
forums. -áserious business.
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Tiddle Jr
Galvanized Inc.
473
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Posted - 2015.09.08 23:16:33 -
[92] - Quote
1.5b by the end of the year. |
Eliram Kahoudi
Big Fluffy Bunnies
101
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Posted - 2015.09.08 23:44:43 -
[93] - Quote
im dumping all my plex on the market as soon as it hits 1.5, cause i bought in at 980 |
Hasikan Miallok
Republic University Minmatar Republic
1486
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Posted - 2015.09.09 00:08:06 -
[94] - Quote
With PLEX below a billion you can passively PLEX alt accounts with losec/null PI logging in a few times a month .
With current PLEX/PI prices you now need to feed those accounts extra ISK to make up the shortfall.
How annoying. |
Forum Toon
State War Academy Caldari State
7
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Posted - 2015.09.09 00:25:49 -
[95] - Quote
when I returned to eve with this new account I thought I'll use the free plex I got for extra 30 days... to my surprise it was 1b already as I logged in.
going to keep it and see how much it will get :P |
Webvan
All Kill No Skill
13847
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Posted - 2015.09.09 00:52:27 -
[96] - Quote
Tiddle Jr wrote:1.5b by the end of the year. Could be, if the world economies takes a sudden downturn beyond what it is now. Well, or more like crashes. It's taken a number of years to get from 200m to 1b, something pretty significant could drive it up fast though. Like, what if all the nuts are right and a 2.5mile asteroid does hit Puerto Rico in 7 to 15 days as they predict... lol, that would send world markets into turmoil and maybe all there would be left is PLEX rotting in players item hangers. Of course no one could connect to the interwebs anyway, but besides the point hehe
I'm in it for the money
Ctrl+Alt+Shift+F12
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Val'Dore
PlanetCorp InterStellar
1009
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Posted - 2015.09.09 00:58:06 -
[97] - Quote
What's the price of PLEX in China?
Star Jump Drive A new way to traverse the galaxy.
I invented Tiericide
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Hasikan Miallok
Republic University Minmatar Republic
1486
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Posted - 2015.09.09 01:00:03 -
[98] - Quote
Val'Dore wrote:What's the price of PLEX in China?
Last I heard 3 to 4 billion.
This is my take on the issue (though have not done any economics for 20 oodd years):
Because satisficing is a factor the elasticity of supply of PLEX can actually be negative.
In plain English - people tend to buy jand cash in just enough PLEX to get the ISK they currently need and no more. This means if ISK/PLEX prices rise less PLEX are needed to meet the demand for ISK.
The end result is a bit counterintuitive. Normal if the ISK return for PLEX rises you expect the supply to go up but in the case of PLEX the more ISK you get per PLEX the less will appear on the market. A player formerly selling a PLEX every second month may get buy selling one every third month.
This is potentially a positive feedback loop. The higher the price, the less PLEX are seeded, and this causes an a rise to higher prices again. Rinse and repeat.
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Rain6637
GoonWaffe Goonswarm Federation
32268
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Posted - 2015.09.09 01:08:14 -
[99] - Quote
Called a Giffen Good, see my sig.
Help, I can't download EVE
President of the Commissar Kate Fanclub
PLEX: A Giffen good? (It's 1B?)
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Hasikan Miallok
Republic University Minmatar Republic
1486
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Posted - 2015.09.09 01:27:35 -
[100] - Quote
Rain6637 wrote:Called a Giffen Good, see my sig.
That makes sense.
It also explains why 10% PLEX sales have minimal effect on how many PLEX get sold in game (as opposed to stockpiled).
I see two reasons for this reducing CCP cash income.
1) As ISK/PLEX ratios rise less PLEX needs to be bought hence less income for CCP. 2) As ISK/PLEX rise players who partially subsidise an ALT with plex may unsub that account if they cannot justify full time subs. |
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Brutus Utama
Fusion Enterprises Ltd Phoenix Company Alliance
55
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Posted - 2015.09.09 12:07:28 -
[101] - Quote
The price of plex is becoming too high i have had to unsub my miners as its not worth it i had them to make isk but with the increase of isk price for plex they barely pay for themselves and why would i spend so much time grinding just to have the accounts for show they dont provide me anything anymore just enough isk to buy the plex to keep that account going they make me no profit anymore...
i dont see the point in putting the little time i have into mining to get nothing out of it....except another month of grinding to get the same result.... i believe that is called insanity |
Flynn Fetladral
Alekhine's Gun
557
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Posted - 2015.09.09 12:40:46 -
[102] - Quote
The space rich get richer, the poor get space poorer. Last time I sold a PLEX the market value was around 360 million ISK but that was in a time when a Tengu cost well over a billion just for the hull.
Oh and we used a little officer mods. KIDDING! We used a lot of officers mods, A LOT! Because we donGÇÖt :censored: around in low-sec.
@flynnfetladral on #tweetfleet
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Odie McCracken
Federal Navy Academy Gallente Federation
26
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Posted - 2015.09.09 12:48:54 -
[103] - Quote
I'm happy to see this, no damn grinding if I want isk :) |
Anize Oramara
The Arch Dashing Dashers
373
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Posted - 2015.09.09 12:49:13 -
[104] - Quote
Considering there are multiple ways to make over 500mill a day playing casually, no, only the lazy get poorer.
Much like most of real life. |
La Rynx
School of Applied Knowledge Caldari State
374
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Posted - 2015.09.09 13:16:06 -
[105] - Quote
Hasikan Miallok wrote:Rain6637 wrote:Called a Giffen Good, see my sig. That makes sense.
No it does not. i read the source and googled more information.
"Giffen" describes rising demand with increasing price. The giffen paradoxon happens to "inferior goods!" and other "details".
"If" there is something, then its market speculation.
Hope the frozen fan fiction is better...
And and the "10percent sales"... Are still more expensive than the Plex prices from other legal resellers. The wan't make any dent. Why should someone throw his PLEX on the market to lower the price?
Atomic Virulent : "You can't spell DOUCHE. without CODE."
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Jenn aSide
Ascendent. Test Alliance Please Ignore
12342
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Posted - 2015.09.09 13:24:46 -
[106] - Quote
Anize Oramara wrote:Considering there are multiple ways to make over 500mill a day playing casually, no, only the lazy get poorer.
Much like most of real life.
Sadly, you hit the nail on the head. People complaining about PLEX prices are complaining because they are the types that 'grind' for plex to play for 'free' and are feeling a pinch because they have to grind more to plex. Most of them used to spend a little time at the end of a month, grind up a plex and forget about it for 30 days, now that's harder to do.
Most will not realize that it's their isk making methods and their expectations (read: feelings of entitlement fueled by their experiences with cheap plex in the past) that's the problem.
PLEX exists so that people who are actually good at using time to make isk can trade that to someone who either isn't that good at it, or who doesn't like having to make isk and just wants to play in usually non-profitiable but fun ways. But because it was so cheap, 'work-a-day' players saw it as something else: "An almost free ride". Now that is ending (as it should) and they don't like it.
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Alavaria Fera
GoonWaffe
6836
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Posted - 2015.09.09 13:25:41 -
[107] - Quote
La Rynx wrote:No it does not. i read the source and googled more information. Oh snap, that's quite a callout there.
Every change leaves the badguys just about to fall.
We just need more coalitions to exist to destroy them, more legions to be paid off, more lasersov, more something!!
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Jenn aSide
Ascendent. Test Alliance Please Ignore
12342
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Posted - 2015.09.09 13:27:02 -
[108] - Quote
Brutus Utama wrote:The price of plex is becoming too high i have had to unsub my miners as its not worth it i had them to make isk but with the increase of isk price for plex they barely pay for themselves and why would i spend so much time grinding just to have the accounts for show they dont provide me anything anymore just enough isk to buy the plex to keep that account going they make me no profit anymore...
i dont see the point in putting the little time i have into mining to get nothing out of it....except another month of grinding to get the same result.... i believe that is called insanity
The actual insanity was having mining characters that could both pay for themselves in temrs of game time AND provide you with a profit at the exact same time simply by mining.
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La Rynx
School of Applied Knowledge Caldari State
374
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Posted - 2015.09.09 13:29:22 -
[109] - Quote
Jenn aSide wrote:The actual insanity was having mining characters that could both pay for themselves in temrs of game time AND provide you with a profit at the exact same time simply by mining.
So since the is-boxer-abuse ban, everything is golden?
Atomic Virulent : "You can't spell DOUCHE. without CODE."
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Alavaria Fera
GoonWaffe
6836
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Posted - 2015.09.09 13:34:34 -
[110] - Quote
La Rynx wrote:Jenn aSide wrote:The actual insanity was having mining characters that could both pay for themselves in temrs of game time AND provide you with a profit at the exact same time simply by mining.
So since the is-boxer-abuse ban, everything is golden? The people who used a ton of accounts played a lot, certainly not playing the "i can barely plex myself" game.
People did argue they made plex more expensive, now they're greatly reduced in their multiboxing.... well...
Every change leaves the badguys just about to fall.
We just need more coalitions to exist to destroy them, more legions to be paid off, more lasersov, more something!!
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chelly Dian
Imperial Shipment Amarr Empire
51
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Posted - 2015.09.09 13:50:10 -
[111] - Quote
1bil for 30 days game time ?
Cheap. |
Anize Oramara
The Arch Dashing Dashers
375
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Posted - 2015.09.09 13:56:15 -
[112] - Quote
chelly Dian wrote:1bil for 30 days game time ?
Cheap. I figure I'd probably call it quits if it takes me more than a week to make the isk, so around 2 to 3bill I guess at my current rate of making isk. I have a lot of games I spend real money on and currently the process of making the isk in game is still enjoyable for me. It'll just be one of those things, nothing worth getting salty over. |
Alavaria Fera
GoonWaffe
6836
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Posted - 2015.09.09 14:05:04 -
[113] - Quote
I gotta take a hit of that Plex every 30 days or else I'm totally wrecked until I get some, you know how it is?
Time to get another plex...
Every change leaves the badguys just about to fall.
We just need more coalitions to exist to destroy them, more legions to be paid off, more lasersov, more something!!
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Jenn aSide
Ascendent. Test Alliance Please Ignore
12345
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Posted - 2015.09.09 14:34:33 -
[114] - Quote
Alavaria Fera wrote:I gotta take a hit of that Plex every 30 days or else I'm totally wrecked until I get some, you know how it is?
A new picture of Alavaria Fera has been discovered!
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Alavaria Fera
GoonWaffe
6836
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Posted - 2015.09.09 14:36:09 -
[115] - Quote
Jenn aSide wrote:Alavaria Fera wrote:I gotta take a hit of that Plex every 30 days or else I'm totally wrecked until I get some, you know how it is?
A new picture of Alavaria Fera has been discovered! It's not free. "1b ISK in Jita"
Every change leaves the badguys just about to fall.
We just need more coalitions to exist to destroy them, more legions to be paid off, more lasersov, more something!!
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Captain Awkward
Republic University Minmatar Republic
43
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Posted - 2015.09.09 14:39:12 -
[116] - Quote
Many say the value of a item is determined by supply and demand. Actually they usually forget a third factor. And that is the ammount of money that is in the ecconomy.
Its so easy to get ISK these days. The increased price reflects that, even when supply and demand stay the same. |
Frostys Virpio
KarmaFleet Goonswarm Federation
2188
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Posted - 2015.09.09 14:42:29 -
[117] - Quote
Brutus Utama wrote:The price of plex is becoming too high i have had to unsub my miners as its not worth it i had them to make isk but with the increase of isk price for plex they barely pay for themselves and why would i spend so much time grinding just to have the accounts for show they dont provide me anything anymore just enough isk to buy the plex to keep that account going they make me no profit anymore...
i dont see the point in putting the little time i have into mining to get nothing out of it....except another month of grinding to get the same result.... i believe that is called insanity
Have you ever though about paying with real money for your subs and not having to grind a single ISK for your gametime? |
Tosski
State War Academy Caldari State
0
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Posted - 2015.09.09 16:00:46 -
[118] - Quote
Frostys Virpio wrote:Brutus Utama wrote:The price of plex is becoming too high i have had to unsub my miners as its not worth it i had them to make isk but with the increase of isk price for plex they barely pay for themselves and why would i spend so much time grinding just to have the accounts for show they dont provide me anything anymore just enough isk to buy the plex to keep that account going they make me no profit anymore...
i dont see the point in putting the little time i have into mining to get nothing out of it....except another month of grinding to get the same result.... i believe that is called insanity Have you ever though about paying with real money for your subs and not having to grind a single ISK for your gametime?
Most people pay for their subs via plex cause they don't have the real life money to pay for it. If not for plexes they wouldn't be able to play. As the economy keeps getting worse in many parts of the world, I can see the demand for plexes slowly go up. But on the other hand if prices of plex keep going up, will be more and more that will not be able to play cause they can't afford them. Yes its easy to make ISK, but also easier to lose it.
To me the answer is a big isk sink item, something like titans, but that most anyone can get, good item and costs billions upon billions of ISK, people need a reason to buy more plex to flood the market to get the prices to drop again. |
Zifrian
Licentia Ex Vereor Phoebe Freeport Republic
1653
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Posted - 2015.09.09 16:20:09 -
[119] - Quote
Jenn aSide wrote:Anize Oramara wrote:Considering there are multiple ways to make over 500mill a day playing casually, no, only the lazy get poorer.
Much like most of real life. Sadly, you hit the nail on the head. People complaining about PLEX prices are complaining because they are the types that 'grind' for plex to play for 'free' and are feeling a pinch because they have to grind more to plex. Most of them used to spend a little time at the end of a month, grind up a plex and forget about it for 30 days, now that's harder to do. Most will not realize that it's their isk making methods and their expectations (read: feelings of entitlement fueled by their experiences with cheap plex in the past) that's the problem. PLEX exists so that people who are actually good at using time to make isk can trade that to someone who either isn't that good at it, or who doesn't like having to make isk and just wants to play in usually non-profitiable but fun ways. But because it was so cheap, 'work-a-day' players saw it as something else: "An almost free ride". Now that is ending (as it should) and they don't like it. But this was the same argument when people complained that it was 500mil then 800mil...etc.
Something has changed and it's clearly causing inflation in the price. Maybe it's just due to a small number of traders buying mass amounts of a limited supply. After the isboxer ban, demand clearly dropped but now it seems to have gone back to the previous upward slope.
In any case, I'm not sure supply and demand will correct, what many see as an imbalance in price. Be nice to see some current plex stats like last years fanfest though. That's the only way to know if there is a problem that is affecting subs.
GÇ£Any fool can criticize, condemn, and complain - and most fools do. GÇ¥ - Dale Carnegie
Maximze your Industry Potential! - Download EVE Isk per Hour!
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Alavaria Fera
GoonWaffe
6836
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Posted - 2015.09.09 16:36:51 -
[120] - Quote
Zifrian wrote:But this was the same argument when people complained that it was 500mil then 800mil...etc.
Something has changed and it's clearly causing inflation in the price. I've seen similar things posted on EVEO when it was 500mil then 800mil...etc.
Every change leaves the badguys just about to fall.
We just need more coalitions to exist to destroy them, more legions to be paid off, more lasersov, more something!!
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