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Increasing demand results in increased price

Author
Warped Intentions
#1 - 2017-05-19 15:51:51 UTC
This is basic economic theory.

By adding the small skill injector option, CCP is increasing demand for the skill extractors which are only available through PLEX purchases in the New Eden Store. The increased demand for PLEX will result in an additional increase in PLEX prices which are already being inflated to the point of insanity since the PLEX split.

Prediction: Before the winter, it will cost 2 Billion ISK for one month of Game Time.
#2 - 2017-05-19 15:59:43 UTC
When the game gets to the point where regular players are pushed out of the loop, you have a bit of a situation.

What I mean is like up till recently in the Character Bazaar where it came down to character traders selling to other character traders. Or PLEX speculators selling back and forth with other PLEX speculators. Or other less obvious examples that I won't go in to.

The small injector mechanic is just going to open up the speculation game to low end speculators. Not help new players get a foothold in the game. At least in my opinion.

Mr Epeen Cool
Amarr Empire
#3 - 2017-05-19 16:00:27 UTC
dont you know this is a psychopath game
we hoard all the plex just to watch the poor isk farmers suffer
and were never gonna sell it back hahaha
#4 - 2017-05-19 16:09:14 UTC
Amarr Empire
#5 - 2017-05-19 16:18:00 UTC
sorry bad joke
Black Marker
#6 - 2017-05-19 16:20:03 UTC
Nana Skalski wrote:
Today we discuss investment in PLEX

Recomendation: BUY!

I have almost 1.6 million. Don't think I need more.

When you don't know the difference between there, their, and they're, you come across as being so uneducated that your viewpoint can be safely dismissed. The literate is unlikely to learn much from the illiterate.

Evictus.
#7 - 2017-05-19 16:27:46 UTC
Increasing demand results in increased price unless you also have increased supply!

At some point later this year, we can reasonably anticipate some major wars as alliances position themselves for the conversion of outposts to faction citadels. PLEX reserves will be sold on the market to finance these wars.

People are also likely to use PLEX reserves to finance refineries and it's important to recognize that every moon hosting a mining operation will need a refinery. My understanding from Fanfest is there won't be a gradual transition where both refineries and POS co-exist, so they will be needed fast!

Long term I have no doubt PLEX will continue to appreciate. An aging player base pretty much guarantees that. More people who want to buy PLEX in game to pay their subscription than want to sell PLEX in game to finance projects.

Ivy League
#8 - 2017-05-19 16:47:43 UTC
We have also gone quite some time without a meaningful plex sale, last one I remember was the Angel extravaganza one, which was a very minor discount and the skins, so most people realistically where getting the skins out of it.

the last major sale was black friday, about 6 months ago now.
I remember at one point CCP said that they believe 1-1.2b to be the "sweet spot" for plex prices, and in the past they have done major plex sales any time the prices get considerably above that benchmark. I would not be at all surprised if we see a major plex sale right around the time they hit 1.5b

Even without the sale, the higher plex prices get, the more valuable your 20 dollars becomes, which makes buying plex for sale that much more appealing, which will eventually increase the supply.

yes, it is basic supply and demand, the prices will continue to climb until either the supply increases through a sale, or more people wanting to cash in on the 2b+ prices. or until the demand dries up due to people not being able to afford them anymore.

as someone who trades in plex quite heavily, I have seen very minimal reduction in trade volume which means we haven't actually hit that point yet.
#9 - 2017-05-20 00:43:08 UTC
Thomas Lot wrote:
This is basic economic theory.

By adding the small skill injector option, CCP is increasing demand for the skill extractors which are only available through PLEX purchases in the New Eden Store. The increased demand for PLEX will result in an additional increase in PLEX prices which are already being inflated to the point of insanity since the PLEX split.

Prediction: Before the winter, it will cost 2 Billion ISK for one month of Game Time.


And?

$10.95/mo is so much cheaper than plex is now from a time perspective ("grinding for money" IRL compared to griding for ISK) I don't see why anyone would ever actually buy plex in game....
LEGIO ASTARTES ARCANUM
#10 - 2017-05-20 01:34:02 UTC
Sonya Corvinus wrote:
Thomas Lot wrote:
This is basic economic theory.

By adding the small skill injector option, CCP is increasing demand for the skill extractors which are only available through PLEX purchases in the New Eden Store. The increased demand for PLEX will result in an additional increase in PLEX prices which are already being inflated to the point of insanity since the PLEX split.

Prediction: Before the winter, it will cost 2 Billion ISK for one month of Game Time.


And?

$10.95/mo is so much cheaper than plex is now from a time perspective ("grinding for money" IRL compared to griding for ISK) I don't see why anyone would ever actually buy plex in game....

This is exactly why with my core account group I have always gone back and forth from time to time based on the conversion rates of 3 different currencies. Sometimes with RL money and sometimes PLEX is easier to acquire. If it gets high enough Ill return to real money again.


But yes smaller increments always means more people getting involved in investing in the "gold" and "platinum group metals" of this wonderful game.Blink

Have you heard anything I've said?

You said it's all circling the drain, the whole universe. Right?

That's right.

Had to end sometime.

#11 - 2017-05-20 05:24:52 UTC  |  Edited by: Don Pera Saissore
Sonya Corvinus wrote:
I don't see why anyone would ever actually buy plex in game....


I wish i was stupid and privileged like you
Wrecking Machine.
#12 - 2017-05-20 11:06:55 UTC
Don Pera Saissore wrote:
Sonya Corvinus wrote:
I don't see why anyone would ever actually buy plex in game....


I wish i was stupid and privileged like you


First off, way to escalate, wow.

Second, where I live, a ****** minimum-wage job pays for subscription in under half the time it would take to grind a plex in-game, and that is with currency conversion.
Limited Expectations
#13 - 2017-05-20 12:16:35 UTC
In a addition of the split, market reset (buy/sell orders got cancelled?), there is a "little" issue of 0.0 printing trillions with nothing to absorb that isk. No economy can handle a 2-punch, not to mention a 3-punch.

I try to plex accounts but over the last 3 years it has become 10x more difficult to do so (my fault, should have skill injected for carrier or rorq when they were OP as fuk, now it's too late).


Also it's not increased demand, more likely drop in supply.
#14 - 2017-05-20 12:20:04 UTC  |  Edited by: Nana Skalski
I dont see drop in supply. Traded amount is big, even somewhat growing, amount of trade orders is big. No wonder, you can get sizeable amount of ISK for it and items are cheap, even deadspace loot. Why grind ISK when you can sell bunch of PLEX?
Amarr Empire
#15 - 2017-05-20 13:56:01 UTC
Sonya Corvinus wrote:
Thomas Lot wrote:
Prediction: Before the winter, it will cost 2 Billion ISK for one month of Game Time.


And?

$10.95/mo is so much cheaper than plex is now from a time perspective ("grinding for money" IRL compared to griding for ISK) I don't see why anyone would ever actually buy plex in game....


This right here is a big problem for the health of the game, people would rather spend time earning money out of game than in game, working a minimum wage job is better than playing this game according to prices. Who knows how the game will survive when literally all that is left is people logging in to pings when a giant fight starts over a misclick on jump instead of bridge.
Wrecking Machine.
#16 - 2017-05-20 15:46:36 UTC
Mr Mieyli wrote:
Sonya Corvinus wrote:
Thomas Lot wrote:
Prediction: Before the winter, it will cost 2 Billion ISK for one month of Game Time.


And?

$10.95/mo is so much cheaper than plex is now from a time perspective ("grinding for money" IRL compared to griding for ISK) I don't see why anyone would ever actually buy plex in game....


This right here is a big problem for the health of the game, people would rather spend time earning money out of game than in game, working a minimum wage job is better than playing this game according to prices. Who knows how the game will survive when literally all that is left is people logging in to pings when a giant fight starts over a misclick on jump instead of bridge.

Um... You're wrong, in my opinion. Here's why - ISK doesn't just appear in your character's wallet. No, not even if you spend IRL money on PLEX. That means the ISK had to be obtained in-game first. Guess who did it? Players.

That a small number of players prefer to funnel IRL monies to CCP for in-game items they later exchange for ISK means nothing when the ISK had to be farmed first. Besides, it won't ever become a major phenomenon, since if the majority of playerbase started to sell PLEX for ISK, the prices would crash and it would no longer be at all profitable, and the cycle would continue.
Ivy League
#17 - 2017-05-20 17:33:01 UTC
Mr Mieyli wrote:
Sonya Corvinus wrote:
Thomas Lot wrote:
Prediction: Before the winter, it will cost 2 Billion ISK for one month of Game Time.


And?

$10.95/mo is so much cheaper than plex is now from a time perspective ("grinding for money" IRL compared to griding for ISK) I don't see why anyone would ever actually buy plex in game....


This right here is a big problem for the health of the game, people would rather spend time earning money out of game than in game, working a minimum wage job is better than playing this game according to prices. Who knows how the game will survive when literally all that is left is people logging in to pings when a giant fight starts over a misclick on jump instead of bridge.


If that was true, then the plex market would be over saturated and prices would crash. Can't have it both ways
ChaosTheory.
#18 - 2017-05-20 17:54:54 UTC  |  Edited by: Jenn aSide
Bjorn Tyrson wrote:
Mr Mieyli wrote:
Sonya Corvinus wrote:
Thomas Lot wrote:
Prediction: Before the winter, it will cost 2 Billion ISK for one month of Game Time.


And?

$10.95/mo is so much cheaper than plex is now from a time perspective ("grinding for money" IRL compared to griding for ISK) I don't see why anyone would ever actually buy plex in game....


This right here is a big problem for the health of the game, people would rather spend time earning money out of game than in game, working a minimum wage job is better than playing this game according to prices. Who knows how the game will survive when literally all that is left is people logging in to pings when a giant fight starts over a misclick on jump instead of bridge.


If that was true, then the plex market would be over saturated and prices would crash. Can't have it both ways


That's right. The game is fine, you can look on dotlan maps and see people NPCing it up all over New Eden. I'm slaughtering Guristas as I type this. The "pingers" (PVP players who hate pve 'grinding' and only log on for fleets/roams and use PLEX for this isk needs) are important, but it's by no means everyone of even a majority. Even in null sec "pvp" alliances.

People have been saying things like that for a long time (both the "no one will plex at a certain price" thing and "I don't know why people use plex" thing), but that just means that aren't paying attention to what people are actually doing.
#19 - 2017-05-20 19:26:22 UTC  |  Edited by: Sonya Corvinus
Don Pera Saissore wrote:
Sonya Corvinus wrote:
I don't see why anyone would ever actually buy plex in game....


I wish i was stupid and privileged like you


Wow, the basics of the time value of money go over some people's head. You can earn $10.95 in an hour of work IRL. Can you earn enough to buy month's plex in game in an hour of play time? A simple yes or no answer will do.

If you think earning $10.95 an hour makes a person privileged, you need to spend less time playing video games and more time studying to prove you're worth a better job.

Jesus, kid....
#20 - 2017-05-20 19:40:59 UTC  |  Edited by: Mr Epeen
Sonya Corvinus wrote:
Can you earn enough to buy month's plex in game in an hour of play time? A simple yes or no answer will do.
I'll take this one. Yes. Yes you can.

I'll give you one example. I just finished building a Nomad today.

Real time: Over a month. Time logged into the game (play time): Under an hour.

You can buy plenty of PLEX with 8+ billion Iskies. Obviously less when you take into account build costs, but you see what I'm saying. Still well over a months worth of PLEX per hour played.

Mr Epeen Cool
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