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Roland Deschaines
Minmatar Esquires Of Questionable Intention
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Posted - 2009.05.17 13:44:00 -
[1]
Hey. PLEX prices have gone UP recently. a lot. They're closer to 400 mil than 300 mil these days. Does anybody know why, and where this is headed?
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ingenting
20th Legion Sodalitas XX
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Posted - 2009.05.17 14:00:00 -
[2]
supply/demand? _________________ - "Welcome to EVE, remember to insu *BAAOOM*... Told you, newb."
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Roland Deschaines
Minmatar Esquires Of Questionable Intention
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Posted - 2009.05.17 14:36:00 -
[3]
OFC, but it seems to have been pretty stable up to now. Are people buying less real money GTCs, and more Eve money PLEXs? Why so? And is it probably gonna last long?
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Finedele
Caldari Provisions
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Posted - 2009.05.17 17:45:00 -
[4]
hello sai, long days and pleasant nights to you :>
i would say its all about convienience. buying and selling a plex is so much easier than getting a gtc sold.
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Dariah Stardweller
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Posted - 2009.05.17 19:21:00 -
[5]
Originally by: Roland Deschaines OFC, but it seems to have been pretty stable up to now. Are people buying less real money GTCs, and more Eve money PLEXs? Why so? And is it probably gonna last long?
Stable? Open up the market screen and at the market graph with the view set to "year", does that look stable?
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Clair Bear
Perkone
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Posted - 2009.05.17 22:12:00 -
[6]
The morning before 1.2 patch deployment someone bought out all the PLEX sell orders in Jita. There were a grand total of 12 left at various times during the day.
So, basically speculation and manipulation. Someone with a set of giant brass balls was just crushing people with them (and his wallet), that's all.
As much as I wanted to drive the price higher I had to help myself to all the free ISK instead.
Oh, and if you look at shorter term graphs you'll see PLEXes had flatlined for about 2 months. I'm glad to see a bit of movement here.
And in summary, bigger blobs are the answer. Now what was the question? |
Roland Deschaines
Minmatar Esquires Of Questionable Intention
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Posted - 2009.05.18 15:44:00 -
[7]
OK - so basically a huge buy 'em all so I can dictate price with my monopoly sort of thing. Hmm. I hope it comes back to 330 soon anyway.
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Ryoko Yoshida
Amarr
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Posted - 2009.05.18 16:03:00 -
[8]
We (the Illuminati) have decided poor people can no longer pay ISK to play.
Enjoy your IRL spending. -------------------- This is where my sig is meant to begin... |
Ryoko Yoshida
Amarr
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Posted - 2009.05.18 16:05:00 -
[9]
Edited by: Ryoko Yoshida on 18/05/2009 16:06:00 (Double post - deleted) -------------------- This is where my sig is meant to begin... |
Sir Elliot
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Posted - 2009.05.18 19:19:00 -
[10]
A number of RL causes could also be at the root.
College and high school are letting out for the summer. It was right about 2 months ago that Apoc came out, etc, so the initial 60 day timecards are expiring.
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Jinx Barker
Caldari GFB Scientific
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Posted - 2009.05.18 20:45:00 -
[11]
in Jita volume of PLEX has been constant at 800-900 units for the last few months.
About a week ago they volume has started to decrease, last time I checked we have had 380 units for sale, down from 850 or so before. So, as supply dwindles, the demand, even if it stays the same, will push the prices up.
I have resold quite a number of PLEX, making some ISK in the process.
::::Click The Signature For the Blog::::
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Bloody Rabbit
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Posted - 2009.05.19 18:19:00 -
[12]
I have to admit I was storing my idle isk in plexes I bought at 300-305 but I have sold all of them as the price has been rising.
I watch the market but I'm not sure why the increase other than spring is here and people with money are not buying and selling plexes with cash as they are outside spending their money.
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Jinx Barker
Caldari GFB Scientific
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Posted - 2009.05.19 20:24:00 -
[13]
It came down last night at bellow 315 at one point. Now it is back up to 364+
::::Click The Signature For the Blog::::
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dr doooo
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Posted - 2009.05.19 21:21:00 -
[14]
Originally by: Clair Bear The morning before 1.2 patch deployment someone bought out all the PLEX sell orders in Jita. There were a grand total of 12 left at various times during the day.
So, basically speculation and manipulation. Someone with a set of giant brass balls was just crushing people with them (and his wallet), that's all.
As much as I wanted to drive the price higher I had to help myself to all the free ISK instead.
Oh, and if you look at shorter term graphs you'll see PLEXes had flatlined for about 2 months. I'm glad to see a bit of movement here.
I don't agree with you on your brass balled trader theory. Plex's have been in short supply for a month or so, and sell orders nearly running out occasionally for a few weeks in Jita. My interest was piqued back to plex's when a load of my old orders were filled at 260-270mill (ish) a few months ago. There was a rumour that a very rich Russian had been busted for buying $100,000 worth of isk, and had then gone on to replace this with $50,000 worth of plex's. Whether that is true or not doesn't really matter. If enough players believe it, or believe it enough to have a punt on plex's, the price is going to go up.
For what it is worth, I've been selling of my last few dozen I was holding the last few days. Is the market topping out now? Who knows! One very big buyer can obviously push the market higher, but I think they would have to be very desperate to be buying now. On top of that, you've also got all the 'Johnny come lately' traders, who have just heard that plex's are 'happening' the last few days. This type of trader tends to update orders like a speed-freak mainlining crack on the side, and have an equally nervous selling trigger, as they have everything they own wrapped up in a few plex's. So I'm out for at least the short term.
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Mara Rinn
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Posted - 2009.05.20 04:01:00 -
[15]
Edited by: Mara Rinn on 20/05/2009 04:03:04 The last few spikes in PLEX prices seem to have been due to folks trying to trade the price up by buying the low ones and re-listing them at a higher price.
So someone out there has bought themselves a nice big stack of ultra-expensive PLEX which are never going to shift.
Originally by: Ryoko Yoshida We (the Illuminati) have decided poor people can no longer pay ISK to play.
If that is so, I assume someone has endless supplies of ISK and isn't interested in actually redeeming the PLEX for play time since they already have about 10 years worth of PLEX stashed away in Jita.
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Samroski
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Posted - 2009.05.20 19:27:00 -
[16]
Edited by: Samroski on 20/05/2009 19:30:24 Since this thread started I've been keeping an eye on PLEX prices in Lonetrek and Forge, and there were loads of these around at about 350 mil till 2 days ago- in fact I bought one for 348.
Today there are none in both these regions under 280!
Nice manipulation by somebody who has a bit of cash to spare :)
Edit: there are 30 PLESes at Jita and 7 in Lonetrek currently
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Kazzac Elentria
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Posted - 2009.05.20 20:04:00 -
[17]
I'll say this, its not hard to start a cascade on any item including PLEX |
Dzil
Caldari Second Quadrant Ice Division
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Posted - 2009.05.20 20:12:00 -
[18]
Originally by: Samroski Edited by: Samroski on 20/05/2009 19:30:24 Since this thread started I've been keeping an eye on PLEX prices in Lonetrek and Forge, and there were loads of these around at about 350 mil till 2 days ago- in fact I bought one for 348.
Today there are none in both these regions under 280!
Nice manipulation by somebody who has a bit of cash to spare :)
Edit: there are 30 PLESes at Jita and 7 in Lonetrek currently
I can't for my life wrap my brain around this. The price went up - why the 280 reference point?
Looks like a classic market manip - but in some cases the price never actually settles back into neutrality, especially if inflation/out of game circumstances could cause a different equilibrium. However, I'm ultimately kind of surprised - the summer is usually a lull in MMOs, I would expect GTC sales to slump and prices to drop, not the opposite.
------------------------------ In EVE, when someone undercuts you, they're a lemming.
When you undercut someone else, it's skill/effort/manipulation.
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Nathaniel Brix
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Posted - 2009.05.20 21:07:00 -
[19]
Think he meant 380 (right now about 377 truthfully...) and you can see how someone is doing it. There is a 20 unit buy order for 363 and change right now to act as the engine to push the price higher...
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Jinx Barker
Caldari GFB Scientific
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Posted - 2009.05.20 22:15:00 -
[20]
Personally I view PLEX' as an EVE equivalent of RL Gold. They will always be in demand, and are subject to price manipulation, but at the same time limited, due to their value in RL cash, from being widely "abused." As such, they are also a good safeguard against the inflationary forces on the market.
At the moment, however, if someone asked my opinion, it is time to HOLD. Should they drop to 300+/- (give 10/15%) it would be time to buy, and should they reach 400+ mark, it would be time to sell.
Just some thoughts on the matter from a part time Jita w***e.
::::Click The Signature For the Blog::::
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glas mir
Reaction Scientific
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Posted - 2009.05.21 05:27:00 -
[21]
PLEXs are proving interesting, they seem to have settled in a new equilibrium, it might just be a very shallow demand curve.
looking at the jita market graph, the change occurred over five days. Looks like someone was buying out the market. Volume was on the low side of average, but not out of the ordinary. No clear technical patterns emerge from the chart.
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lIllIlIllIl
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Posted - 2009.05.21 08:22:00 -
[22]
Well im canceling all 5 my accounts will ask a friend when it cost's +-320 mil again but till then ill be looking for a new game to play. Might start playing my guild wars again at least its free
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2009.05.21 08:28:00 -
[23]
Your char/stuff, can I haz it?
Blueprint Store |
Ji Sama
Caldari Tash-Murkon Prime Industries
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Posted - 2009.05.21 08:39:00 -
[24]
No i haz stuf plx
Quote:
The SCC-LOUNGE is now offering Secure Commerce Services @ www.scc-lounge.wordpress.com
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Amond Starsmoke
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Posted - 2009.05.21 09:37:00 -
[25]
o/ o/ o/ o/ o/ o/ o/
21 gun salute for you and your macro hulk fleet!
maybe trit prices will go up now as hulk pilots leave the game?
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Kazzac Elentria
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Posted - 2009.05.21 12:11:00 -
[26]
Originally by: glas mir PLEXs are proving interesting, they seem to have settled in a new equilibrium, it might just be a very shallow demand curve.
looking at the jita market graph, the change occurred over five days. Looks like someone was buying out the market. Volume was on the low side of average, but not out of the ordinary. No clear technical patterns emerge from the chart.
based on outliers, all I did was get the ball rolling. The momentum took it the rest of the way to the true correct price.
Same thing I did with HACs, AF, and command ships few months back. |
Breaker77
Reclamation Industries New Eden Research
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Posted - 2009.05.21 22:05:00 -
[27]
What does everything think the Plexes for Passes will do to the Plex market?
Quote: 1 Fanfest Access Pass = 5 PLEX 1 Spouse (SoE) Access Pass = 12 PLEX
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Iridescent Moon
Caldari Iridescent Dawn
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Posted - 2009.05.21 22:34:00 -
[28]
Originally by: Breaker77 What does everything think the Plexes for Passes will do to the Plex market?
Yeah, that should push the price up a bit.
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Packs Merlau
The Scope
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Posted - 2009.05.21 22:40:00 -
[29]
I got this e-mail from CCP yesterday: Quote:
Quote: Our records indicate that the above character has a balance of 300 Million ISK or more. As part of our sixth anniversary celebration, we would like to extend a one-day reactivation offer to you so that you may have the opportunity to turn that ISK into game time using the ingame PLEX system. Simply log into Account Management and claim your 24 hour reactivation time.
It's a fair bet that a lot of people have re-activated and spent their ISK on plexes, driving up the price.
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Gabriel Rosencrantz
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Posted - 2009.05.22 00:07:00 -
[30]
The price has dropped from a high of ~389mil to ~384mil in about a 10 minute span of time (00:05 game time). and it looks like its picking up steam. my answer is: manipulation. but thats just a guess. whats up with this over 300mil email. I have more than a billion and i did not get an email. |
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