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Thomas Lot
Astrocomical Warped Intentions
142
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Posted - 2017.05.22 17:07:30 -
[1] - Quote
" ...Hello skilful Capsuleers of New Eden!
With the changes to PLEX now deployed and the market now stable, today weGÇÖd like to tell you about another small improvement weGÇÖre going to be making on May 23rd, this time relating to Skill Trading. ..."
Are you just so oblivious to the market that you would try to make this statement? PLEX market is NOT stable. A market increase from 1.2 Billion to 1.5 Billion in three days with a continuation of increase does not in any way indicate stability.
**Throws down the gauntlet. |
Khara Hirl
Brutor Tribe Minmatar Republic
0
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Posted - 2017.05.22 17:09:35 -
[2] - Quote
Thomas Lot wrote:" ...Hello skilful Capsuleers of New Eden!
With the changes to PLEX now deployed and the market now stable, today weGÇÖd like to tell you about another small improvement weGÇÖre going to be making on May 23rd, this time relating to Skill Trading. ..."
Are you just so oblivious to the market that you would try to make this statement? PLEX market is NOT stable. A market increase from 1.2 Billion to 1.5 Billion in three days with a continuation of increase does not in any way indicate stability.
**Throws down the gauntlet.
They could not of foreseen this happening, it will eventually bottom out once people get tired of buying skins and **** for plex, to me it's insanity to try to sell skins for $10 each. |
Vortexo VonBrenner
Tadakastu-Obata Corporation
2881
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Posted - 2017.05.22 17:26:29 -
[3] - Quote
...except the gauntlet thrown is really just an old dirty torn rubber glove.
EvE security zones in pictures
EvE quick reference pdf
EvE links
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Mr Epeen
It's All About Me
11149
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Posted - 2017.05.22 17:28:50 -
[4] - Quote
I guess it comes down to how you define stable.
By my definition it hasn't been stable ever. Been in constant flux since release.
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!
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Thomas Lot
Astrocomical Warped Intentions
143
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Posted - 2017.05.22 17:30:22 -
[5] - Quote
Khara Hirl wrote:
They could not of foreseen this happening, it will eventually bottom out once people get tired of buying skins and **** for plex, to me it's insanity to try to sell skins for $10 each.
I differ in my opinion... With CCP Quant, and various data economists looking at this decision, I believe that CCP knew exactly what was going to happen and that this is a deliberate response to the massive amount of ISK already in-game and continuing to be amassed through NPC bounties.
Lockefox, delonewolf and several other market analysts predicted a large decrease in PLEX prices with the conversion of AURUM to PLEX. They could not factor in the human capacity of hoarding.
Put that together with the fact of ease of speculation with the smaller PLEX and the resulting Increase price is very predictable.
I simply take offense that CCP, in a DEV Blog, would state that PLEX is stable. |
Thomas Lot
Astrocomical Warped Intentions
143
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Posted - 2017.05.22 17:38:47 -
[6] - Quote
Please understand that I have no problem with the PLEX price by itself. Lockefox pointed out and we all see that the prices of other market items have not significantly changed.
In point of fact, many items have had significant decrease in prices because of either game mechanics (Rorqual mining) or anticipated meta-changes (T3C).
I have no problem putting a few American Dollars into CCP hands for my game time. In fact this is the preferred way for me. I can mine enough mineral wealth or kill enough rats to throw away many many ships in my pathetic attempt at PvP.
Well, really... calling what I do PvP is an insult to real PvPers.
A touch of honesty in Dev Blogs would be refreshing, that's all. |
Keno Skir
1613
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Posted - 2017.05.22 17:51:43 -
[7] - Quote
Thomas Lot wrote:Please understand that I have no problem with the PLEX price by itself. Lockefox pointed out and we all see that the prices of other market items have not significantly changed.
In point of fact, many items have had significant decrease in prices because of either game mechanics (Rorqual mining) or anticipated meta-changes (T3C).
I have no problem putting a few American Dollars into CCP hands for my game time. In fact this is the preferred way for me. I can mine enough mineral wealth or kill enough rats to throw away many many ships in my pathetic attempt at PvP.
Well, really... calling what I do PvP is an insult to real PvPers.
A touch of honesty in Dev Blogs would be refreshing, that's all.
Have you considered that as game developers they probably mean stable as in "the new item / system is in market and functioning normally / without glitches" rather than "the price will never change again" which is obviously impossible and stupid in a free market economy.
The price of PLEX has been rising for years, why did you think it would stop dead once they broke it down into mini-plex? The price has now settled reasonably close to the old price and that makes the market for that item as essentially stable as it's going to get.
Job done.
Black Lanterns Blog <- Read my ramblings -.-
250,000 Bonus SP when you start an Alpha Clone HERE <---
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Algarion Getz
Aideron Corp
385
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Posted - 2017.05.22 18:04:54 -
[8] - Quote
Thomas Lot wrote:" ...Hello skilful Capsuleers of New Eden!
With the changes to PLEX now deployed and the market now stable, today weGÇÖd like to tell you about another small improvement weGÇÖre going to be making on May 23rd, this time relating to Skill Trading. ..."
Are you just so oblivious to the market that you would try to make this statement? PLEX market is NOT stable. A market increase from 1.2 Billion to 1.5 Billion in three days with a continuation of increase does not in any way indicate stability.
**Throws down the gauntlet. They probalby ment the real money market. I doubt they care much about the ISK price of PLEX as long as they sell the same or more PLEX for real money.
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Thomas Lot
Astrocomical Warped Intentions
143
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Posted - 2017.05.22 18:04:58 -
[9] - Quote
Keno Skir wrote:Thomas Lot wrote:Please understand that I have no problem with the PLEX price by itself. Lockefox pointed out and we all see that the prices of other market items have not significantly changed.
In point of fact, many items have had significant decrease in prices because of either game mechanics (Rorqual mining) or anticipated meta-changes (T3C).
I have no problem putting a few American Dollars into CCP hands for my game time. In fact this is the preferred way for me. I can mine enough mineral wealth or kill enough rats to throw away many many ships in my pathetic attempt at PvP.
Well, really... calling what I do PvP is an insult to real PvPers.
A touch of honesty in Dev Blogs would be refreshing, that's all. Have you considered that as game developers they probably mean stable as in "the new item / system is in market and functioning normally / without glitches" rather than "the price will never change again" which is obviously impossible and stupid in a free market economy. The price of PLEX has been rising for years, why did you think it would stop dead once they broke it down into mini-plex? The price has now settled reasonably close to the old price and that makes the market for that item as essentially stable as it's going to get. Job done.
Your argument is sound! Looking at it from the stability of the game design instead of from an economic viewpoint puts a perspective on the statement that makes sense.
I bow to your debate and pronounce you a winner of the gauntlet. |
Matthias Ancaladron
Wrath of Angels Solitaire.
305
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Posted - 2017.05.22 18:05:47 -
[10] - Quote
Khara Hirl wrote:Thomas Lot wrote:" ...Hello skilful Capsuleers of New Eden!
With the changes to PLEX now deployed and the market now stable, today weGÇÖd like to tell you about another small improvement weGÇÖre going to be making on May 23rd, this time relating to Skill Trading. ..."
Are you just so oblivious to the market that you would try to make this statement? PLEX market is NOT stable. A market increase from 1.2 Billion to 1.5 Billion in three days with a continuation of increase does not in any way indicate stability.
**Throws down the gauntlet. They could not of foreseen this happening, it will eventually bottom out once people get tired of buying skins and **** for plex, to me it's insanity to try to sell skins for $10 each. Yes they could have because I told them here on forums Plex would skyrocket to 1.5-2b a month or two ago when it was announced.
They knew. |
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Jenn aSide
Shinigami Miners ChaosTheory.
15875
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Posted - 2017.05.22 18:12:33 -
[11] - Quote
I remember CCP telling us how few people actually use plex for game time compared to the rest of EVE players, confirming the idea that PLEX is a luxuary, and one usually consumed by the already wealthy. And it is the already wealthy that tend to complain the loudest about plex prices.
Everytime I hear a PLEX price complaint I get this vision of old super rich guys wearing sea captain's hats, blazers and Ascots protesting outside chanting "the price of both Kaviar and P+éT+ë are now OUTRAGEOUS, we demand intervention lest we not have anything to spread over our Blinis!! |
Jenn aSide
Shinigami Miners ChaosTheory.
15875
|
Posted - 2017.05.22 18:14:25 -
[12] - Quote
Thomas Lot wrote:Please understand that I have no problem with the PLEX price by itself. Lockefox pointed out and we all see that the prices of other market items have not significantly changed.
In point of fact, many items have had significant decrease in prices because of either game mechanics (Rorqual mining) or anticipated meta-changes (T3C).
I have no problem putting a few American Dollars into CCP hands for my game time. In fact this is the preferred way for me. I can mine enough mineral wealth or kill enough rats to throw away many many ships in my pathetic attempt at PvP.
Well, really... calling what I do PvP is an insult to real PvPers.
A touch of honesty in Dev Blogs would be refreshing, that's all.
This is your second thread about plex prices in Two days, for someone who doesn't care much about plex prices, you seem to care a lot. |
Gaia Ma'chello
V.I.C.E.
148
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Posted - 2017.05.22 18:20:17 -
[13] - Quote
Actually the ones that complain about the high price of the PLEX are those that are just barely wealthy enough to get one. A small rise can put it out of reach, or can make it painful.
For the really wealthy, a PLEX price change is just another way to make more ISK, and hardly something to complain about. |
Algarion Getz
Aideron Corp
385
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Posted - 2017.05.22 18:29:26 -
[14] - Quote
Gaia Ma'chello wrote:Actually the ones that complain about the high price of the PLEX are those that are just barely wealthy enough to get one. A small rise can put it out of reach, or can make it painful.
For the really wealthy, a PLEX price change is just another way to make more ISK, and hardly something to complain about. I agree. The really wealthy have already invested 100+ bill into PLEX. They couldnt be happier about the price increase.
I have heard of a trader who had over 4000 PLEX before the change. His total net worth has probably increased by a trillion in the last 2 weeks. |
Nana Skalski
Taisaanat Kotei
33894
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Posted - 2017.05.22 19:19:21 -
[15] - Quote
Its rather like PLEX is steadily going upward in value.
ߦçߦáߦç-Ç-ŠߦÿߦÇ-Çߦ¢ ߦÅ-ô ß¦Ç +óߦÇߦìߦç -£ß¦ç-ƒß¦ÿs ߦ¢ß¦Å ߦ¢ß¦ç-ƒ-ƒ ß¦Ç sߦ¢ß¦Å-Ç-Å =ƒôò
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GëíGïüGëí GÖÑ
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Teckos Pech
Amok. Goonswarm Federation
6492
|
Posted - 2017.05.22 20:46:39 -
[16] - Quote
For the love of God.....
Link
Quote:CCP is the supplier....players are the consumers--i.e. the demand side. You cannot have a market without both sides. So it is driven by both...but that aside, you are largely correct. The previous $ to ISK conversion was around 62,531,265.6. You need to buy 4.545454 of the 110 PLEX Packs at $4.99 which translates out to $22.68 which when we convert it back to ISK works out to roughly 1,418,322,797.76 ISK.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
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Teckos Pech
Amok. Goonswarm Federation
6492
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Posted - 2017.05.22 20:49:19 -
[17] - Quote
Matthias Ancaladron wrote:Khara Hirl wrote:Thomas Lot wrote:" ...Hello skilful Capsuleers of New Eden!
With the changes to PLEX now deployed and the market now stable, today weGÇÖd like to tell you about another small improvement weGÇÖre going to be making on May 23rd, this time relating to Skill Trading. ..."
Are you just so oblivious to the market that you would try to make this statement? PLEX market is NOT stable. A market increase from 1.2 Billion to 1.5 Billion in three days with a continuation of increase does not in any way indicate stability.
**Throws down the gauntlet. They could not of foreseen this happening, it will eventually bottom out once people get tired of buying skins and **** for plex, to me it's insanity to try to sell skins for $10 each. Yes they could have because I told them here on forums Plex would skyrocket to 1.5-2b a month or two ago when it was announced. They knew.
The rocket seems to be out of fuel.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
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Teckos Pech
Amok. Goonswarm Federation
6492
|
Posted - 2017.05.22 20:54:22 -
[18] - Quote
Can anyone who has an alt in Perimeter post the current PLEX price (sell order and buy order)? I'm at work and can't log in and EVE-central does not report citadel prices.
I checked last night and I calculated the price of a PLEX was under 1.4 billion.
Thanks.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
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David Therman
CAStabouts
180
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Posted - 2017.05.22 22:24:17 -
[19] - Quote
Teckos Pech wrote:Can anyone who has an alt in Perimeter post the current PLEX price (sell order and buy order)? I'm at work and can't log in and EVE-central does not report citadel prices.
I checked last night and I calculated the price of a PLEX was under 1.4 billion.
Thanks.
Don't have the exact buy/sell prices, but as of roughly 2 hours ago it was 1.392 billion for 500 Plex.
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Thomas Lot
Astrocomical Warped Intentions
143
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Posted - 2017.05.22 22:27:09 -
[20] - Quote
Teckos Pech wrote:Can anyone who has an alt in Perimeter post the current PLEX price (sell order and buy order)? I'm at work and can't log in and EVE-central does not report citadel prices.
I checked last night and I calculated the price of a PLEX was under 1.4 billion.
Thanks.
Jita is the best price on each market, currently.
Sell is at 2.8 Mil, Buy is 2.71...It may actually be stabilizing at the 1.4 B/month range.
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Teckos Pech
Amok. Goonswarm Federation
6493
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Posted - 2017.05.22 22:48:33 -
[21] - Quote
David Therman wrote:Teckos Pech wrote:Can anyone who has an alt in Perimeter post the current PLEX price (sell order and buy order)? I'm at work and can't log in and EVE-central does not report citadel prices.
I checked last night and I calculated the price of a PLEX was under 1.4 billion.
Thanks. Don't have the exact buy/sell prices, but as of roughly 2 hours ago it was 1.392 billion for 500 Plex.
Thanks.
So, I so reason at all to put any credence into the statements that PLEX will had to 2 billion and beyond. I'm not saying it won't eventually, just not anytime soon, IMO.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
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Aedaxus
Digital Zone Corp
58
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Posted - 2017.05.22 23:14:25 -
[22] - Quote
Thomas Lot wrote:" ...Hello skilful Capsuleers of New Eden!... PLEX market is NOT stable.... Unlike the .... [insert any other product sold on the market] *checks the market history* *sighs* It's predictable to some extent but never ever stable. Then again how you you describe stable? |
Lulu Lunette
Savage Moon Society
1615
|
Posted - 2017.05.22 23:45:25 -
[23] - Quote
sigh I was gonna reply to the other thread but it went to real life insults and tears about real life incomes so I guess here I'll say that it's really probably not any conspiracy - average joe-blow Capsuleer now can afford to enter the PLEX market. I bought 40 PLEX last night for no reason other than to hang onto it.
@lunettelulu7
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Teckos Pech
Amok. Goonswarm Federation
6494
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Posted - 2017.05.23 04:22:46 -
[24] - Quote
Okay, so I got home and checked Perimeter which has the best prices in the citadels between Jita and Perimeter. The price tonight is around 1.4 billion. Maurasi has even better prices at 2,765,000/unit for a cost of 1.385 billion for 30 days game time. Further, this taking off like a rocket thing...yeah, calling Bravo Sierra on that one too. The price seems stalled at around 1.4 billion ISK for the last 3 days (using the median price). Some rocket.
There is no story here nor any reason to think that PLEX are going to rise in price like a rocket. OOG supply of PLEX is perfectly elastic. That is CCP can sell as many PLEX as there is demand. The following graph shows the OOG PLEX market. Note that with the changes CCP implemented they have also increased the price from $20 to roughly $22. This has the effect of moving the supply from the red horizontal line up to the blue horizontal line. The demand curve does not change so people buy less PLEX Q2 vs Q1.
So what does that mean in game? It means there will be less PLEX being sold and the price will be bid up. As I noted in another thread at around $23 and holding the ISK to dollar conversion rate fixed we could see a price just over 1.4 billion. Instead we see a price just under 1.4 billion ISK.
I know these days everyone is in a perpetual state of outrage, but this...this is not it. The increase in PLEX price is not outlandish considering that there has not been such an increase since they were introduced in 2008. Inflation alone says that the price should be around $23 here in the U.S. Go find something that is worth being outraged over...not a perfectly reasonable price movement in a video game.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
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Nana Skalski
Taisaanat Kotei
33906
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Posted - 2017.05.23 09:43:37 -
[25] - Quote
I see that PLEX is now 4x what it was when I started playing. From 350M to 1400M.
Yes, its steadily rising in value.
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GëíGïüGëí GÖÑ
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Aedaxus
Digital Zone Corp
61
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Posted - 2017.05.24 06:20:02 -
[26] - Quote
Nana Skalski wrote:I see that PLEX is now 4x what it was when I started playing. From 350M to 1400M.
Yes, its steadily rising in value. Due to the no tax nullsec the richer get richer. Check out RL its kinda like eve online just more players but same economics. |
Jeremiah Saken
The Fall of Leviathan
799
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Posted - 2017.05.24 07:19:04 -
[27] - Quote
Lulu Lunette wrote:sigh I was gonna reply to the other thread but it went to real life insults and tears about real life incomes so I guess here I'll say that it's really probably not any conspiracy - average joe-blow Capsuleer now can afford to enter the PLEX market. I bought 40 PLEX last night for no reason other than to hang onto it. I don't think you understand why they are whining about. Average joe-blow Capsuleer want to PLEX his account and now he will have to pay more for the same service - PLEXing account. It doesn't matter if he can buy 125 PLEX per week or 500 once. Price skyrocket for him. It doesn't matter if threshold for entering the market is lowered. Overall main PLEX purpose (omega state) is more expensive than before the change.
"I am tormented with an everlasting itch for things remote. I love to sail forbidden seas..." - Herman Melville
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sero Hita
Science and Trade Institute Caldari State
361
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Posted - 2017.05.24 07:32:38 -
[28] - Quote
Jeremiah Saken wrote:Lulu Lunette wrote:sigh I was gonna reply to the other thread but it went to real life insults and tears about real life incomes so I guess here I'll say that it's really probably not any conspiracy - average joe-blow Capsuleer now can afford to enter the PLEX market. I bought 40 PLEX last night for no reason other than to hang onto it. I don't think you understand why they are whining about. Average joe-blow Capsuleer want to PLEX his account and now he will have to pay more for the same service - PLEXing account. It doesn't matter if he can buy 125 PLEX per week or 500 once. Price skyrocket for him. It doesn't matter if threshold for entering the market is lowered. Overall main PLEX purpose (omega state) is more expensive than before the change.
What average Joe does not get it that someone paid those real life money for him. People complaining about the prices not being low enough for them to play for free (if you don't think time has value), are a bit spoiled brats IMO.
Why should I get very little for my RL money (Lets face it the one putting out real money is the one who should benefit the most.)?
What you guys are saying is that you want someone else to get as little as possible for actually putting up some money (something you are to cheap to do), so you can get something without paying for less effort. Long live entitlement!!!
Also tbh. it is still ridiculously easy to earn that isk. You just don't want to roll up those sleaves and do some grease work do you? Lazy ********
"I'm all for pvp, don't get me wrong. I've ganked in Empire, blobed in low sec. Got T-shirts from every which-where.. But to be forced into a pvp confrontation that I didn't want is wrong ccp." RealFlisker
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Teckos Pech
Amok. Goonswarm Federation
6504
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Posted - 2017.05.24 07:40:00 -
[29] - Quote
Aedaxus wrote:Nana Skalski wrote:I see that PLEX is now 4x what it was when I started playing. From 350M to 1400M.
Yes, its steadily rising in value. Due to the no tax nullsec the richer get richer. Check out RL its kinda like eve online just more players but same economics.
More like PLEX have become useful in more aspects of the game. For example, want to transfer a character you need a PLEX. As the uses of PLEX have increased the demand also increases as does the price. There is nothing nefarious going on here other than
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek
8 Golden Rules for EVE Online
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Bjorn Tyrson
EVE University Ivy League
644
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Posted - 2017.05.24 07:50:06 -
[30] - Quote
Jeremiah Saken wrote:Lulu Lunette wrote:sigh I was gonna reply to the other thread but it went to real life insults and tears about real life incomes so I guess here I'll say that it's really probably not any conspiracy - average joe-blow Capsuleer now can afford to enter the PLEX market. I bought 40 PLEX last night for no reason other than to hang onto it. I don't think you understand why they are whining about. Average joe-blow Capsuleer want to PLEX his account and now he will have to pay more for the same service - PLEXing account. It doesn't matter if he can buy 125 PLEX per week or 500 once. Price skyrocket for him. It doesn't matter if threshold for entering the market is lowered. Overall main PLEX purpose (omega state) is more expensive than before the change.
I'm not sure if YOU understand how the plex market works.
people who can afford to plex their accounts, generally do (most people who plex accounts usually keep at least their main account subscribed normally for various reasons, like I do)
now because of that, it means that the increase in plex prices has actually hurt the hardcore multi-account player MORE than the casual.
for a casual player looking to plex just 1 account, its an extra 200 or so a month, that really isn't that big a deal. hell i've been in null-sec for 2 weeks and accidentalied half a billion in salvage and exploration because I was bored. that more than pays for the difference.
but, for the "hardcore" player, the ones who keep 5, 10, 15+ accounts and characters training, it has hit us much harder.
I only have 8 plexed accounts, and that 200 means an extra 1.6 billion per month... and y'know what i did... I absorbed the difference and passed it on. this is why injector prices have gone up (and probably will continue to go up now that they are split-able)
It is simple supply and demand, demand increased do to easier accessibility, and more things to use it on without any appreciable increase in supply, and the injector market followed shortly after (since it is directly tied to the price of plex) plex are now divisible, which will increase demand with no appreciable increase in supply, again the prices are going to go up. if you are an injector farmer, now is a good time to be alive, if you are wanting to get into the injector market 2 months ago was a good time to start, but you can probably still catch the tail end of it. if you want to get good isk for your plex, now is also the best time to buy for cash and sell... and if you are trying to plex your account off of HS mining... well hate to break it to you, but NEVER has been a good time for that. try looking into other ways to make isk.
sincerely, a 10 year veteran who has been there, done that, and burned out multiple times trying.
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