Irata Skyfire
Imperial Academy
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Posted - 2009.01.18 08:53:00 -
[1]
 Originally by: Ricdic
* Supply is limited. Very limited.
Last time I checked Plex market history in Jita, average traded Volume seemed to be steadily rising, indicating an increasing supply.
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* Demand is always high. When people need one, they will pay anything to get it. Eve is an addiction and a drug. When people realise their high is wearing off they will immediately look to replenish at almost no cost barrier.
Don't know about others, but I switched back to paying for my account with real money again as soon as the price in isk went too high for my taste. Another typical reaction caused by high plex prices is reducing the amount of one's alt accounts, further reducing demand for plex tokens too.
Originally by: Speculative Sally
Since there's no way to sell short or sell futures in EVE you can't force the market DOWN without flooding it with goods. And since PLEX are produced by spending real world money you'd have to flood the market with cash out of your wallet... Who the hell wants to do that?
What about buying a sufficiently large amount of plexes with isk, waiting for prices to rise, and then flooding the market with them ? As soon as prices stabilize you could even replenish your stock and do it again. Now I'm not a market expert, but to me it looks like a viable way to force the market down without spending any real world money. And the fact that there's profit to be made that way should already answer your question as to who would want to do something like that.
The thing that's worrying me when looking at the plex market is that I can't see a way to tell how many of the tokens that get traded really get used up by end consumers. If the rate of consumption is less than the rate at which new tokens are entering the market, then the majority of current trading activity could very well just be resellers selling plexes to other resellers who want to re-enlist them at even higher prices.
Obviously, there really is a lot of profit to be made in the resulting pyramid scheme. But I can't help and feel a bit more uneasy with every additional helpful post inviting me to participate in this practically risk free and highly profitable venture.
Is it really reasonable to assume the big sharks would invite me to their best hunting grounds to share their prey of 1 plex/month end-consumers, when greedy inexperienced amateur traders like me buying as many plexes as possible would make for a so much juicier target ? I don't think so, but sure, I might just be a bit too paranoid.
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