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Nyota Sol
Center for Advanced Studies
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Posted - 2009.08.19 11:51:00 -
[1]
Some of us just love a good doom & gloom story.
I admit that i do, but when it has come to PLEX I have tried to be optimistic and even invested substantially into them. However, with the recent devblog and supply-side data, I'm afraid my doom & gloom side has taken over.
Looking at the red & blue lines from April/May, we can see how at the start of May the amount of plex used for subs was higher than the number created (i.e. red higher than blue). That put the sales prices in the hands of those with the diminishing stockpiles (notice the yellow line dips right there).
Looking at the blue line in June/July, we can see that people continued to create plex with real cash at an increasing rate. However, plex use flattened (red). This caused a steady increase in stockpiles.
Looking generally at the yellow line, we can see several periods where stockpiles increased significantly. In Feb, there was a similar pattern as in May, but there wasn't a massive price spike.
So what happened?
What seems to be different about May/June is that massive speculation took place, and with the 400m prices it seems that the general interest in collecting plex as trade items became popular.
The plex stockpiles doubled in June/July, ending at over 16,000 plex sitting around collecting dust at the start of this month. Even with flat usage demand, the prices have remained stable. We can see that plex usage nose dived in June, indicating a decoupling of the price from the actual usage.
Why?
Why haven't prices dropped below 300m?
I believe that people who invested in plex with ISK have a natural desire to hold until the prices get them a reasonable return. Since prices are stable, they are holding out in good faith.
Similarly, I believe that there could be a significant number of plex created with cash whereby the owners are holding tight in hopes for a bit more out of them. These people will become increasingly interested in cashing out, especially if prices get volatile again.
Finally, we have a number of people who may have invested at 300-310m with the expectation of using the plex later for subs. Perhaps they perceived that prices would go up again and thus bought what they could the moment prices landed back down.
What portions of the over 16,000 plex are held by each type? How many of them will start selling at under 300m if the current floor should collapse?
I don't see any way for plex prices to rebound unless the usage rate jumped from 800 to something like 1000 in Aug/Sept. I don't see the usage rate increasing significantly unless prices dropped to 225m-250m.
I see a plexapocalype on the horizon.
Volume increasing. Prices flat. Supply increasing exponentially.
Demand flat.
CAS 101 Eve Musings |
Nyota Sol
Center for Advanced Studies
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Posted - 2009.08.19 11:55:00 -
[2]
Edited by: Nyota Sol on 19/08/2009 12:04:22
One further question is... what could 200-300 billion in sudden disposable cash do to the wider markets?
That's the rough value of the "excess" plex stockpiles.
And one further thought. I think CCP's open push for people to buy plex makes sense from a simple marketing and business model point of view. However, I assume they realize the potential implications of letting the community know about this massive supply-side build up. They want more people to buy plex and the more i've thought about this, the more i suspect this recent devblog was published with an interest in seeing much lower plex prices. I personally would welcome 225m plexes and i suspect CCP would too.
CAS 101 Eve Musings |
quygen
Minmatar Acting Neutral
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Posted - 2009.08.19 12:44:00 -
[3]
Spend all on cheap Trit around the universe and relist at higher price? Please resize your sig to a maximum of 400 x 120 - Mitnal
^ You seen it CCP =) Now go fix! |
Vaerah Vahrokha
Minmatar Dark-Rising
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Posted - 2009.08.19 12:54:00 -
[4]
Edited by: Vaerah Vahrokha on 19/08/2009 12:55:21 What happens?
Support - Auditing and consulting
Before asking for investors, please read http://tinyurl.com/n5ys4h and http://tinyurl.com/lrg4oz
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Malcanis
Vanishing Point. The Initiative.
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Posted - 2009.08.19 13:19:00 -
[5]
A good proportion of it could be people like myself who bought a large number of the eve box sets cheaply. There's no real down side to hanging on to a PLEX in the hope of a price rise for someone like me, since I can always use them for extending my subscription.
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glas mir
Reaction Scientific
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Posted - 2009.08.19 13:24:00 -
[6]
Originally by: Vaerah Vahrokha Edited by: Vaerah Vahrokha on 19/08/2009 12:55:21 What happens?
Support
fail link, it doesn't work, http://www.investopedia.com/terms/s/support.asp would probably work.
if factors keep banging down, support doesn't last forever
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Nyota Sol
Center for Advanced Studies
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Posted - 2009.08.19 13:49:00 -
[7]
Thanks for the tip on the "support" concept.
I guess I am saying that the support level is going to crack and likely reset at a much lower price whereby the plex usage rate will actually increase. The current support level does not appear to be based on real plex use/demand.
It's possible that all 10,000 excess plex will be sold at 300m or higher, but i really don't see how this situation can be maintained.
Originally by: quygen Spend all on cheap Trit around the universe and relist at higher price?
I approve of this plan!
CAS 101 Eve Musings |
Midas Man
Caldari Dzark Innovations
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Posted - 2009.08.19 15:05:00 -
[8]
IMO its a manipulation fallout
GTC's on the forum have been victim to a long time upward manipulation. In Plex's we have seen 2 massive manipulations. People have claimed to have made money and sold out before the crash.
Look back to when plex's were first released and all the talk of 1 bil for a 60 day GTC and so ~500mil for plex in the forums.
Once the first manipulation gained momentum, the prices moved up very quickly to 400mil, alot of people took to the forum rumors of 500mil+. The people/person behind the first manipulation probably sold all their plex's to the new batch of "sheep" and stopped he upward push on prices. Price crashed back to the 300 mil or so that was the happy medium before the manipulation.
The people who stock piled at 350-400 will still be holding onto large quantities of plex's awaiting this fabled 500mil.
On the back of this we know from history that higher gametime cost (isk) increases peoples willingness to spend real money on GTC to sell for isk.
We also have the wide advertising campaine ccp have been making since the plex introduction to make people aware they can buy isk legitimatly further increasing supply. IMO demand wouldn't be affected too much by this the people who are rich enough ingame to pay with isk probably already do, those that cannot afford to buy GTC for $ will already be using isk for GTC and if they aren't they are unlikely to be able to generate the isk especially with the doubling of the cost of GT that came about after 30 day GTC's were removed.
ATM most people have a perception that 300mil for a plex is ok so there is still alot of consumers paying the price. The spread is usually at 2-3% between buy/sell in Jita allowing those with good standings, trade skills to day trade on them (buy in busy server periods sell in quiet server periods and you can increase that spread to 5-10%) so alot of resellers are still paying the 300mil price.
since the blog stating the massive stock piles of plex's available the prices are falling a few mil a day as more and more people realise the folly of investing more into them.
A crash is inevitable and Im hoping for the 150 mil per plex, 300 mil per 60 GTC. Bring back the old price of game time.
1 last though that I have no evidence on but may be worth considering, since the ghost training nerf I would gamble that demand for 30 day cards took a hit as alot of character farmers quit their jobs.
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Nyota Sol
Center for Advanced Studies
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Posted - 2009.08.19 15:20:00 -
[9]
Let's factor in that CCP crushed some 6000 accounts last month, which could help explain that dip in plex usage (just a hunch).
Originally by: Midas Man
since the blog stating the massive stock piles of plex's available the prices are falling a few mil a day as more and more people realise the folly of investing more into them.
A crash is inevitable and Im hoping for the 150 mil per plex, 300 mil per 60 GTC. Bring back the old price of game time.
While 150m is a nice thought, I imagine another "support" floor in the low 200s because i think a LOT of people would consider that a very reasonable price.
From my limited observations of recent trading, I suspect there are quite a lot of people heavily invested in plex that are quickly buying out sell orders in the 290-305m range. However, while that could be a successful strategy of maintaining support in the 300m levels, I don't see how it can be sustained in all the major trade regions over many weeks.
There's just too many plex out there burning pockets, imo.
Likewise, just as people might rally to maintain 300m prices, we could potentially see people organizing to drop them below 300m in some regions. The moment a significant number of the people holding these 16,000 plex see sub-300m prices becoming widespread, we're likely to see panic and competition to dump them.
While i personally would like to see cheaper plex, this "plexapocalypse" could have nasty ripple effects on the markets. A lot of that raw cash could go right into more speculation... like billions of trit.
CAS 101 Eve Musings |
Vaerah Vahrokha
Minmatar Dark-Rising
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Posted - 2009.08.19 15:32:00 -
[10]
Quote:
fail link, it doesn't work
It's why I usually link stuff without using the url addy (but then people cry at me). It cuts parentheses I see.
Quote:
While 150m is a nice thought, I imagine another "support" floor in the low 200s because i think a LOT of people would consider that a very reasonable price
Also recall that supports and resistances usually focus on round "easy to feel" numbers, 200 / 250 / 300 etc are good candidates.
- Auditing and consulting
Before asking for investors, please read http://tinyurl.com/n5ys4h and http://tinyurl.com/lrg4oz
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Midas Man
Caldari Dzark Innovations
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Posted - 2009.08.19 15:43:00 -
[11]
Originally by: Nyota Sol Let's factor in that CCP crushed some 6000 accounts last month, which could help explain that dip in plex usage (just a hunch).
this is true and i missed it
Originally by: Nyota Sol
While 150m is a nice thought, I imagine another "support" floor in the low 200s because i think a LOT of people would consider that a very reasonable price.
This is a possibility alot of people with spare isk might start buying them around the 200 mark.
It doesn't look good 16,000 plex gathering dust is alot of downward pressure. If CCP's figures in the plex blog are correct 8k are used but 10k are being created over a 7 day period at the end of july. If that trend doesn't stop and panic starts then we have the makings of a serious crash. Even with no panic if 2k more per week keep getting created (people buying plex generally want the isk now) we could see big reductions in price (which in itself will slow the creation of plex's) but its certainly looking bleak for those with stock of them.
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Yakumo Smith
Gallente No End To Infinity Fleetingly Finite
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Posted - 2009.08.19 16:45:00 -
[12]
Edited by: Yakumo Smith on 19/08/2009 16:45:18 Yeah, once the rate starts to hit towards 200m i'd consider subbing my main for a few years.
At that point dropping 15B into the plex market would be win win. Either the prices would rise up again after hitting the new support (and I make a quick buck selling the plex on) or i'd just add the game time.
I suppose this must be my sig. I'll do something cool with it eventually. |
Nyota Sol
Center for Advanced Studies
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Posted - 2009.08.19 16:53:00 -
[13]
Edited by: Nyota Sol on 19/08/2009 16:54:26
Originally by: Midas Man
It doesn't look good 16,000 plex gathering dust is alot of downward pressure. If CCP's figures in the plex blog are correct 8k are used but 10k are being created over a 7 day period at the end of july. If that trend doesn't stop and panic starts then we have the makings of a serious crash. Even with no panic if 2k more per week keep getting created (people buying plex generally want the isk now) we could see big reductions in price (which in itself will slow the creation of plex's) but its certainly looking bleak for those with stock of them.
That's my question, about the nature of the downward pressure. And let's be clear, there is no sign of upwards pressure on the horizon beyond existing investors wanting to maintain the current floor at 300m.
It may not hit panic levels for a while, even if prices broke 300m in the coming weeks. I dont think a panic hits until the general plex market permanently seems to be under 305m.
I think plex started being created at increasing rates based on long-term investment interests and not for quick cash turn-around or sub use. I suspect that the moment the sub-300m buy orders come to dominate in a few regions, we're going to see many smart investors bailing quickly.
However, I suspect a lot of the heavily invested people/groups may hold out for a while. Maybe they will see the writing on the wall once prices keep heading downwards towards 250-275m. I think the panic hits once everybody fully understands the prices are not going to ever come back up to 350m range and thus profit for investors.
Of course, this all assumes we're not seeing and going to see a major increase in plex usage.
CAS 101 Eve Musings |
KaarBaak
Minmatar Squirrel Team
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Posted - 2009.08.19 17:22:00 -
[14]
Consider also: CCP is proud of the impact 'safe' PLEX conversion of RM->ISK has on the RMT market vs non-sanctioned ISK sellers. If the sell price of purchased ETCs gets too low, what is the risk of players returning to those ISK sellers?
<don tin-foil hat>
Perhaps it's those ISK sellers that are working on a plan to crash the market in order to drive ISK purchasers to the non-sanctioned ISK sellers? After all, there's more money in stolen credit cards and accounts than there is in PLEX resale.
</tin-foil hat>
KB KB
Beware the beast Man, for he is the Devil's pawn. Alone among God's primates, he kills for sport or lust or greed. Yea, he will murder his brother to possess his brother's land. |
Nyota Sol
Center for Advanced Studies
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Posted - 2009.08.19 18:30:00 -
[15]
Edited by: Nyota Sol on 19/08/2009 18:30:39
Originally by: KaarBaak Consider also: CCP is proud of the impact 'safe' PLEX conversion of RM->ISK has on the RMT market vs non-sanctioned ISK sellers. If the sell price of purchased ETCs gets too low, what is the risk of players returning to those ISK sellers?
<don tin-foil hat>
Perhaps it's those ISK sellers that are working on a plan to crash the market in order to drive ISK purchasers to the non-sanctioned ISK sellers? After all, there's more money in stolen credit cards and accounts than there is in PLEX resale.
</tin-foil hat>
KB
wat
First of all, CCP has strong interest in an increased rate of PLEX creation, regardless of the ISK value. Let's be clear on that. I'm sure they understand the theoretical risk of people being driven into illegal black markets, but I think the real fuel here is demand for subs not RMT.
Being able to safely "buy" ISK is very valuable even if it was at a 200m swap price. And i think we'd all agree that if prices were in the 200-250m range, we'd see a significant increase in the total volume of PLEX being utilized for subscriptions.
As for this silly notion of ISK sellers conspiring to crash the market to drive people out of PLEX creation, I don't know where to begin. These are the same fools that use capslock spam as marketing. I'd wager that most of those businesses make their income from other games and that Eve is a loss for them. As CCP said, their usual angle is credit card fraud and hacking. I suspect many will give up on Eve due to the PLEX market and increase account banning.
In fact, that could account for some of the increase in PLEX creation that we've seen since operation RAGE or whatever it's called. People spending real money on ISK have discretionary funds. Whether that expense gets them 200m or 400m is really arbitrary. They are likely to spend it either way... and a risk-free option has stronger overall value (CCP just needs to make sure the risk is there).
CAS 101 Eve Musings |
Malcanis
Vanishing Point. The Initiative.
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Posted - 2009.08.19 20:40:00 -
[16]
Originally by: Nyota Sol Edited by: Nyota Sol on 19/08/2009 18:30:39
Originally by: KaarBaak Consider also: CCP is proud of the impact 'safe' PLEX conversion of RM->ISK has on the RMT market vs non-sanctioned ISK sellers. If the sell price of purchased ETCs gets too low, what is the risk of players returning to those ISK sellers?
<don tin-foil hat>
Perhaps it's those ISK sellers that are working on a plan to crash the market in order to drive ISK purchasers to the non-sanctioned ISK sellers? After all, there's more money in stolen credit cards and accounts than there is in PLEX resale.
</tin-foil hat>
KB
wat
I think what he's hinting at is that CCP can easily manipulate the price of PLEX buy creating buy orders at an arbitrary level. ISK doesn't cost them anything, after all.
PLEX are effectively a fiat currency.
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Iridescent Moon
Caldari Iridescent Dawn
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Posted - 2009.08.19 21:33:00 -
[17]
Originally by: Nyota Sol
I admit that i do, but when it has come to PLEX I have tried to be optimistic and even invested substantially into them. However, with the recent devblog and supply-side data, I'm afraid my doom & gloom side has taken over.
Nyota, we talked about this in CCG a while back. I was right on the mark with what I was saying was happening in the PLEX market. If you want to go into this in detail sometime we can.
The one thing that was lacking for us to get a solid grip on the PLEX market was the ratio between creation and consumption. With the Dev Blog we now know this.
You had people like Clare Bear that were shouting "PLEX for a billion by the end of the year!". This was always unsubstantiated. I have gone over the whys of the price spike in June/July and why it was a bubble not a long term trend. PLEX does have a "fair and proper" value at about +/-300 million. PLEX will not rise do to the fact of all the speculators that are holding PLEX. If the market manages to edge up there will be enough players to liquidate their holdings to swamp the market and push the price down again.
With the Dev Blog I do agree, PLEX for 250 million is in the future. Jita is holding to the 300 million mark desperately but, in other regions PLEX are all ready at the 270 million ISK range... and falling. If this Blog had only come out a few weeks ago when I was loading up on PLEX at 300 million, ah, such is life.
PLEX as a manipulated and speculated market item is dead after this Dev Blog. Also the cries for ever rising GTC prices have also died. Long Live Cheap PLEX!!!!
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Helena C
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Posted - 2009.08.19 21:39:00 -
[18]
Originally by: Nyota Sol Edited by: Nyota Sol on 19/08/2009 18:30:39
Originally by: KaarBaak Consider also: CCP is proud of the impact 'safe' PLEX conversion of RM->ISK has on the RMT market vs non-sanctioned ISK sellers. If the sell price of purchased ETCs gets too low, what is the risk of players returning to those ISK sellers?
<don tin-foil hat>
Perhaps it's those ISK sellers that are working on a plan to crash the market in order to drive ISK purchasers to the non-sanctioned ISK sellers? After all, there's more money in stolen credit cards and accounts than there is in PLEX resale.
</tin-foil hat>
KB
wat
First of all, CCP has strong interest in an increased rate of PLEX creation, regardless of the ISK value. Let's be clear on that. I'm sure they understand the theoretical risk of people being driven into illegal black markets, but I think the real fuel here is demand for subs not RMT.
Being able to safely "buy" ISK is very valuable even if it was at a 200m swap price. And i think we'd all agree that if prices were in the 200-250m range, we'd see a significant increase in the total volume of PLEX being utilized for subscriptions.
As for this silly notion of ISK sellers conspiring to crash the market to drive people out of PLEX creation, I don't know where to begin. These are the same fools that use capslock spam as marketing. I'd wager that most of those businesses make their income from other games and that Eve is a loss for them. As CCP said, their usual angle is credit card fraud and hacking. I suspect many will give up on Eve due to the PLEX market and increase account banning.
In fact, that could account for some of the increase in PLEX creation that we've seen since operation RAGE or whatever it's called. People spending real money on ISK have discretionary funds. Whether that expense gets them 200m or 400m is really arbitrary. They are likely to spend it either way... and a risk-free option has stronger overall value (CCP just needs to make sure the risk is there).
Yes but who is gonna pay $15 bucks just to get 250 mil? That's barely a well fitted BS. While using ISk to buy plexes at under 300mil is a great deal. It's not such a great deal paying real money for such little isk at the current market costs of most items.
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Tesal
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Posted - 2009.08.19 21:58:00 -
[19]
August is a slow month. People are stocking up on all kinds of things. Its a good time to buy generally. Also, this coincides with the loss of isk selling so isk purchases are most likely transferring to legitimate sources.
This is awesome, I like these low prices, it fixes a lot of the problems keeping alts training skills. You can run 3 alts now for under a billion isk per month. Thats great, I hope it stays like this for a long time.
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Dynast
Eve Defence Force Systematic-Chaos
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Posted - 2009.08.19 23:23:00 -
[20]
Originally by: Helena C Yes but who is gonna pay $15 bucks just to get 250 mil? That's barely a well fitted BS. While using ISk to buy plexes at under 300mil is a great deal. It's not such a great deal paying real money for such little isk at the current market costs of most items.
Plenty of people; back when 30 day GTCs were under 100mil people sold them.. hell, they sold them for 60-70mil. Bear in mind that the relative value of ISK and dollars/euros will vary greatly from person to person.. and that fifteen or thirty bucks for a shiny adult toy is a perfectly reasonable expenditure.. especially compared to bar tabs. As long as there's an officially supported way to get ingame stuff for money, it'll be used.
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Nyota Sol
Center for Advanced Studies
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Posted - 2009.08.20 00:38:00 -
[21]
Edited by: Nyota Sol on 20/08/2009 00:40:54
Originally by: Helena C
Yes but who is gonna pay $15 bucks just to get 250 mil? That's barely a well fitted BS. While using ISk to buy plexes at under 300mil is a great deal. It's not such a great deal paying real money for such little isk at the current market costs of most items.
Let me be clear on this point.
ALL THE SAME PEOPLE who would blow $15 to buy video game e-money would still spend it regardless of it being 250m or 300m. They can rationalize the in-game value from now to the end of eternity, but in the end these are people willing to spend real cash on in-game toys. It's shiny. It wouldn't honestly matter if it was a BS or a BC... they're going to spend it.
CAS 101 Eve Musings |
Akita T
Caldari Caldari Navy Volunteer Task Force
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Posted - 2009.08.20 05:14:00 -
[22]
Originally by: Nyota Sol Volume increasing. Prices flat. Supply increasing exponentially. Demand flat.
Not quite. The demand is not extremely elastic, and has a long delay between cause and effect, but the link is there. Once PLEX prices go down enough, you will see a significant increase in demand, which will remain there to some degree even after prices restart going up. Cycles, cycles, everything works in cycles... bubble, bust, repeat...
_
Info about our corp | Beginer's ISK making guide | Manufacturer's helper |
KaarBaak
Minmatar Squirrel Team
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Posted - 2009.08.20 15:33:00 -
[23]
Originally by: Nyota Sol Edited by: Nyota Sol on 20/08/2009 00:40:54
Originally by: Helena C
Yes but who is gonna pay $15 bucks just to get 250 mil? That's barely a well fitted BS. While using ISk to buy plexes at under 300mil is a great deal. It's not such a great deal paying real money for such little isk at the current market costs of most items.
Let me be clear on this point.
ALL THE SAME PEOPLE who would blow $15 to buy video game e-money would still spend it regardless of it being 250m or 300m. They can rationalize the in-game value from now to the end of eternity, but in the end these are people willing to spend real cash on in-game toys. It's shiny. It wouldn't honestly matter if it was a BS or a BC... they're going to spend it.
(IMO): SOME of the same people. Not all. A diminished value for RM->GTC->ISK conversion will discourage some (not all) GTC purchasing. A decreased (isk) value for GTCs will only tighten the market.
Some people will still purchase and sell them, but I don't think there is a rational explanation that the numbers will increase or remain the same if the price drops below 600M isk/GTC [300/PLEX].
KB
Beware the beast Man, for he is the Devil's pawn. Alone among God's primates, he kills for sport or lust or greed. Yea, he will murder his brother to possess his brother's land. |
Nyota Sol
Center for Advanced Studies
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Posted - 2009.08.20 17:25:00 -
[24]
Buy orders have come to dominate the plex market in the last 48-72 hours, with several regions having sub-300m plex prices (sell orders) for many hours at a time. Buy orders are in the 290-295m range. Averages will likely fall below 300m in the next 2 days, and then we'll see what happens.
Originally by: Akita T
Originally by: Nyota Sol Volume increasing. Prices flat. Supply increasing exponentially. Demand flat.
Not quite. The demand is not extremely elastic, and has a long delay between cause and effect, but the link is there. Once PLEX prices go down enough, you will see a significant increase in demand, which will remain there to some degree even after prices restart going up. Cycles, cycles, everything works in cycles... bubble, bust, repeat...
I was simply talking about the current conditions as quantified in those charts by CCP.
As for plex trends, I'd hesitate to make long-term generalizations about them or to use GTC as the basis of analysis. I do believe interest in using them for subscriptions may have a ceiling at current prices. I do believe that people would continue to create them at 200-250m regardless of all the rhetoric about the past.
I do not believe everything works in cycles toward equilibrium, however. I dont even think a simple supply/demand curve accurately applies to something like PLEX. It's complicated, like real currency dynamics. It involves overlapping types of demand and interests.
I do think we will see a growth in plex usage (the primary demand) with lower prices and i think that interest in creating them will remain strong (the secondary demand). I consider plex usage the primary demand, because there is only one means to do so and because it sets the real value of plex. |
Nyota Sol
Center for Advanced Studies
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Posted - 2009.08.21 11:24:00 -
[25]
Edited by: Nyota Sol on 21/08/2009 11:25:01
Trading has been increasingly driven by Buy Orders, with Sell Orders being very stubborn. However, Buys in Sinq have been increasingly poking below 300 and now the same is happening in Jita.
Jita's daily averages have sunk below 300m.
Because 300 is such a strong psychological round number, my fascination with this increases and I wonder how long until we see a fairly sharp drop from the 290s.
That's Jita just before DT on the 21st.
CAS 101 Eve Musings |
Vaerah Vahrokha
Minmatar Dark-Rising
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Posted - 2009.08.21 11:57:00 -
[26]
So, in the end, this was not a sort of "random report" but just your part in a market manipulation to instill FUD and have prices drop, right? - Auditing and consulting
Before asking for investors, please read http://tinyurl.com/n5ys4h and http://tinyurl.com/lrg4oz
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Selene D'Celeste
Caldari The D'Celeste Trading Company ISK Six
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Posted - 2009.08.21 12:00:00 -
[27]
Isn't that what all of these threads boil down to?
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Nyota Sol
Center for Advanced Studies
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Posted - 2009.08.21 12:07:00 -
[28]
Originally by: Vaerah Vahrokha So, in the end, this was not a sort of "random report" but just your part in a market manipulation to instill FUD and have prices drop, right?
Yes, i'm "manipulating the market" by pointing out the obvious to anybody looking carefully at the facts in the devblog. Wow, you people need to get off your computers more often.
Sorry, but if i were "manipulating the market" i wouldn't be talking about this and would be simply buying out the Buy Orders and relisting them way lower in several regions. Oh wait, i don't have that kind of ISK.
Oh wait... and i said that the start THAT I'M INVESTED IN PLEX... so that would LOSE me even more money.
Please keep your tinfoil hats tilted at the sun...
CAS 101 Eve Musings |
Vaerah Vahrokha
Minmatar Dark-Rising
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Posted - 2009.08.21 13:25:00 -
[29]
1) By making threads starting with a tangential topic slowly narrowing to more and more precise economic statements is a classic of forum market manipulation. Sorry if you get called duck, if you quack and look like one.
2) I am not good like Shar but I can be as nasty and "direct". Don't tell anyone though . - Auditing and consulting
Before asking for investors, please read http://tinyurl.com/n5ys4h and http://tinyurl.com/lrg4oz
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Iridescent Moon
Caldari Iridescent Dawn
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Posted - 2009.08.21 17:32:00 -
[30]
Nyota is not the market manipulation type.
I have always said that PLEX have been overvalued since the middle of June. Sure, on one hand I am trying to keep the price down since I buy PLEX for consumption. On the other hand, I merely speak the truth. Anyone could see the same if they wanted to take their blinders off. On the gripping hand, I would usually leave out points that would argue against my position, why give the people who can't think for themselves any help.
In any case as Nyota said, what is going on is clear to see for anyone watching the market. The drop has been happening for a month and only the psychological 300 million number is what is keeping prices up atm. Outside of Jita prices have already fallen and will stay down for the long term.
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