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Derp Durrr
Arx One Arx Alliance
298
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Posted - 2015.09.16 21:37:27 -
[1] - Quote
Like REALLY cashed out. all at the same time. I know quite a few of us are currently sitting on piles of the damn things, just pushing the price up as far as we can take it. theres not really anything stopping the price from going up anymore since this has become the MD minigame, kind of like doodlejump on my phone.
but what if someone would just take that stockpile, decide "f it I'm out" and dump, say, 1k units on the market? sure, the daily trade volume is like 3000 (heard someone say so in SCC 5 minutes ago) but what would happen if the plex price dropped down, even for a moment, to wherever the 1k stack would drop us?
just counting quickly by hand, jita doesnt have enough buy orders to support 1k plex. hell, jita doesnt support enough buy orders to support 500 units! so after jita is downed, then amarr, dixie and rens (since them combined is probably gonna be less than jita) we'd have emptied the buy orders.
what would happen? would people simply put up new orders at the same price as before (currently 1.3B) and move on? or would the itch start and would plex take a serious hit while people scramble to get their sales in?
more importantly, what would this do for the rest of the eve economy? imagine plex being like 250 mil again...
anyway, Derp.
Founder of the soon-to-be Legendary Tournament series -=DESTRUCTION DERPY=- Are you up for the challenge? Join our ingame channel Destruction Derpy today!
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Angelica Everstar
286
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Posted - 2015.09.16 21:56:54 -
[2] - Quote
I'm not sure 10k PLEX would be enough for a last effect.
§ Help support PLEX4GOOD
¦Æ Bonds: Current AE08 1.2 Trillion // Total : 3+ Trillon ISK
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@EveEntrepreneur
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Sabriz Adoudel
Black Hydra Consortium.
5347
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Posted - 2015.09.16 22:16:50 -
[3] - Quote
Look at what happens to the PLEX prices when there's a big sale on them. They tend to fall 5-10% then slowly creep back.
If you are sitting on 1T worth of PLEX you could probably get 0.98T for it and impact the market. Someone or a group sitting on 5T or 10T worth would have a bigger impact but still I expect the fundamentals behind PLEX prices would remain strong.
I support the New Order and CODE. alliance. www.minerbumping.com
Sabriz's Rule: "Any time someone argues for a game change claiming it is a quality of life change, the change is actually a game balance change".
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goodlady Smith
Exit-Strategy Exit Strategy..
37
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Posted - 2015.09.16 22:55:58 -
[4] - Quote
While you could ... why would you want to?
Please like my posts it makes me feel better about the time I spend on the forums
Buy your drugs from: Charlinda Akheteru, AIA Pharmaceuticals
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Sabriz Adoudel
Black Hydra Consortium.
5347
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Posted - 2015.09.17 00:17:40 -
[5] - Quote
goodlady Smith wrote:While you could ... why would you want to?
If I was heavily exposed to the PLEX market, I'd research historic times CCP have offered sales on PLEX bundles, and try to anticipate when the next one would be. I'd then reduce my exposure prior to the projected discount with a view to buying them back during the discount period.
I support the New Order and CODE. alliance. www.minerbumping.com
Sabriz's Rule: "Any time someone argues for a game change claiming it is a quality of life change, the change is actually a game balance change".
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0000000000ZERO0000000000
Zero Zentharis
6
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Posted - 2015.09.17 00:46:17 -
[6] - Quote
I just want to see the world burn. Also The Plexening is an awesome name. |
Aerasia
Republic University Minmatar Republic
96
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Posted - 2015.09.17 07:27:03 -
[7] - Quote
Angelica Everstar wrote:I'm not sure 10k PLEX would be enough for a last effect. Depends on how you do it. The crash last year was on something like 12k extra volume over ~1 week. That wouldn't have all been from a single person/group liquidating their stock, so theoretically you could crash the entire market with far less than that. Maybe as little as 500 PLEX.
A lot of it depends on why people are actually buying. Looking at the accelerating gain in price over the last week or so, I'd hazard a guess that 'flippers' are starting to aggressively seek the market top now that they've gotten tired of waiting for a natural crash. If you dropped 500 PLEX today, and maybe another 500 tomorrow, chances are good you'd spook a lot of short term investors. They dump their stock (probably getting some mid-term investors to exit their positions as well), and the price drops back down to 800M before next Friday. |
Careby
273
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Posted - 2015.09.18 18:01:36 -
[8] - Quote
Sell!!!
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Aerasia
Republic University Minmatar Republic
97
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Posted - 2015.09.19 02:25:33 -
[9] - Quote
Logged in yesterday to do just that. :) |
LaserzPewPew
Hard Knocks Inc. Hard Knocks Citizens
46
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Posted - 2015.09.20 21:22:30 -
[10] - Quote
We'll have to wait and see what the inflation numbers show. |
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motie one
Secret Passage
34
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Posted - 2015.09.25 15:37:33 -
[11] - Quote
If you were wanting to Crash the price of plex with large numbers, putting a longer term effort in whilst driving down each successive, order on both sides, would probably be a more efficient way of doing it. Pumping in sales, would probably just get absorbed, and be relisted at higher prices.
If however you have numbers sufficient to completely overwhelm resistance, than a straight dump might get you the desired effect, but you would get less isk for your redemption.
Depends on your motivation, Ideally to crash the market, you need to encourage the speculators to liquidate, before they get wiped out.
Let them do the work for you. Just prime the pump and sit back and watch the fireworks. |
Bad Bobby
Bring Me Sunshine In Tea We Trust
1173
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Posted - 2015.09.25 15:39:37 -
[12] - Quote
You had better have a lot more PLEX than I have isk, if you try this. |
motie one
Secret Passage
34
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Posted - 2015.09.25 15:40:56 -
[13] - Quote
Bad Bobby wrote:You had better have a lot more PLEX than I have isk, if you try this.
Yeah, Just a raw dump needs deep deep pockets.
Edit:- plex is dropping down hard it seems, wonder if the speculators are trying to get out somewhat and taking their profits, before they get caught holding Overvalued stock?
If so they may be doing the work for him, and it might not take too much of a push? |
Bad Bobby
Bring Me Sunshine In Tea We Trust
1173
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Posted - 2015.09.25 15:54:11 -
[14] - Quote
motie one wrote:plex is dropping down hard it seems, wonder if the speculators are trying to get out somewhat and taking their profits, before they get caught holding Overvalued stock? The PLEX price clearly overshot.
Some people are dumping stocks, some people are taking advantage of the high price to purchase PLEX (-ú/$/etc) and convert to ISK and we may even be seeing a CCP intervention (for possibly the first time this year).
I expect it to fall back to ~1.1B and then resume it's climb. |
Bad Bobby
Bring Me Sunshine In Tea We Trust
1173
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Posted - 2015.09.25 15:55:37 -
[15] - Quote
Also, why the **** do we have two PLEX threads again? |
motie one
Secret Passage
34
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Posted - 2015.09.25 17:00:35 -
[16] - Quote
Bad Bobby wrote:Also, why the **** do we have two PLEX threads again?
Well, one relates to the price of plex, and one relates to what would be required to manipulate sales of plex on the market for fun and tears.
Not really the same, but we could always ask CCP to remove all the different threads on the forum and compress them into one for simplicity, But Amarr battleship fitting and the Caldari elections on the same thread might get confusing? |
Bad Bobby
Bring Me Sunshine In Tea We Trust
1176
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Posted - 2015.09.25 17:09:18 -
[17] - Quote
motie one wrote:Bad Bobby wrote:Also, why the **** do we have two PLEX threads again? Well, one relates to the price of plex, and one relates to what would be required to manipulate sales of plex on the market for fun and tears. Not really the same, but we could always ask CCP to remove all the different threads on the forum and compress them into one for simplicity, But Amarr battleship fitting and the Caldari elections on the same thread might get confusing? Ok, let me reword that:
Why the **** do we have two ******** ****** threads again?
Surely one ******** ****** thread is enough for everyone? |
motie one
Secret Passage
34
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Posted - 2015.09.25 17:12:01 -
[18] - Quote
Bad Bobby wrote:motie one wrote:Bad Bobby wrote:Also, why the **** do we have two PLEX threads again? Well, one relates to the price of plex, and one relates to what would be required to manipulate sales of plex on the market for fun and tears. Not really the same, but we could always ask CCP to remove all the different threads on the forum and compress them into one for simplicity, But Amarr battleship fitting and the Caldari elections on the same thread might get confusing? Ok, let me reword that: Why the **** do we have two ******** ****** threads again? Surely one ******** ****** thread is enough for everyone?
Well, It does appear to me that they are quite different, one deals with overall dissatisfaction with plex price, and one deals with how to reset the market and means to do so.
Whilst that will be a wildly unpopular suggestion to Speculators and large holders, It is quite valid for people to explore that.
It's known as diversity in free speech, and actions. I know surprising! Who would have thought! |
Bad Bobby
Bring Me Sunshine In Tea We Trust
1176
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Posted - 2015.09.25 17:18:16 -
[19] - Quote
I'm not saying it shouldn't be discussed.
I just don't know why it couldn't be discussed in the existing PLEX thread.
It's not like the existing PLEX thread isn't capable of hosting diverse conversation and means of expression while still relating to the core subject of PLEX. We've already had opinions about PLEX expressed through the mediums of shitposting, rap and interpretive dance. |
motie one
Secret Passage
34
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Posted - 2015.09.25 17:22:52 -
[20] - Quote
Bad Bobby wrote:I'm not saying it shouldn't be discussed.
I just don't know why it couldn't be discussed in the existing PLEX thread.
It's not like the existing PLEX thread isn't capable of hosting diverse conversation and means of expression while still relating to the core subject of PLEX. We've already had opinions about PLEX expressed through the mediums of shitposting, rap and interpretive dance.
You do have a point, the creating of works of art as fiction was mildly amusing too, even though not preserved for prosperity, but this thread seems pretty focused so far and deserves to live for a while, for those who might possibly be deliberately taking action in co-ordinating their actions with what might be, a possibly central bank action for the greatest effect?
Who knows where if anywhere it will lead, at least it gives speculators with a short attention span, and lack of desire to read to the end of a mixed complaint thread stretching to the horizon, the opportunity to see something that may preserve their wealth. |
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motie one
Secret Passage
35
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Posted - 2015.09.25 18:06:51 -
[21] - Quote
Multiple training certificate are currently priced significantly higher than plex. Now THAT is an indicator.
No point redeeming plex for aurum, Buying these and reselling them though, there is only a tiny volume due to their overpricing.
It is looking like someone has primed Plex for a crash and Just waiting for players to provide the final push. Almost no support left above a billion and almost none left below either!
This thread was VERY appropriate and well timed!
Edit: Buy orders starting to come in to provide support, Whether they end up being collateral damage at this point remains to be seen, supportive Numbers are not tremendous, Even a limited direct action will crash through these and leave people with an expensive experience and they provide a means for people to dump some of their stock and take their profits, but not many to go around. |
motie one
Secret Passage
35
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Posted - 2015.09.26 12:54:29 -
[22] - Quote
Derp Durrr wrote:Like REALLY cashed out. all at the same time. I know quite a few of us are currently sitting on piles of the damn things, just pushing the price up as far as we can take it. theres not really anything stopping the price from going up anymore since this has become the MD minigame, kind of like doodlejump on my phone.
but what if someone would just take that stockpile, decide "f it I'm out" and dump, say, 1k units on the market? sure, the daily trade volume is like 3000 (heard someone say so in SCC 5 minutes ago) but what would happen if the plex price dropped down, even for a moment, to wherever the 1k stack would drop us?
just counting quickly by hand, jita doesnt have enough buy orders to support 1k plex. hell, jita doesnt support enough buy orders to support 500 units! so after jita is downed, then amarr, dixie and rens (since them combined is probably gonna be less than jita) we'd have emptied the buy orders.
what would happen? would people simply put up new orders at the same price as before (currently 1.3B) and move on? or would the itch start and would plex take a serious hit while people scramble to get their sales in?
more importantly, what would this do for the rest of the eve economy? imagine plex being like 250 mil again...
anyway, Derp.
Well, look at the supporting numbers of buy orders in Jita now?
It appears that "someone" has primed the pump, waiting for someone to pull the handle!
"See? Players did it"
If you were serious about your Idea, there is unlikely to be a better time to implement it. Some kind "person" has set it all up for you to do. |
Derp Durrr
Arx One Arx Alliance
300
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Posted - 2015.09.26 18:21:06 -
[23] - Quote
If I could have delivered the final push I would have done it. alas, I cashed out a week ago. will bring smores to the bonfire though :-)
Founder of the soon-to-be Legendary Tournament series -=DESTRUCTION DERPY=- Are you up for the challenge? Join our ingame channel Destruction Derpy today!
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Teckos Pech
The Executives Executive Outcomes
3429
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Posted - 2015.09.30 19:25:26 -
[24] - Quote
Sabriz Adoudel wrote:Look at what happens to the PLEX prices when there's a big sale on them. They tend to fall 5-10% then slowly creep back.
If you are sitting on 1T worth of PLEX you could probably get 0.98T for it and impact the market. Someone or a group sitting on 5T or 10T worth would have a bigger impact but still I expect the fundamentals behind PLEX prices would remain strong.
So says every forecaster prior to every crash.
Upgrading Local to Eliminate All AFK Influence
So Local Chat vanished, now what?
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