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KwarK
United States44397 Posts
On May 23 2013 05:12 Sermokala wrote: are you telling us we should be buying up plex's togeather to cause a panic and make tons of iskies? Sell sell sell. | ||
Firebolt145
Lalalaland34507 Posts
On May 23 2013 04:51 Veldril wrote: So there's no more TL runs corp anymore? If I would like to play with you guys, where is the place to hang out now? Either on our teamspeak while we play Dota, or in the Hatchery PUB channel. | ||
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KwarK
United States44397 Posts
The real issue is that the market values a months game time at more than 500m worth of labour and is going to keep pushing it higher than that imo. So the question becomes how long can CCP keep intervening to fight the market with their artificially generated supply (they looted banned player accounts, used that to build a stockpile and right click sold them at a loss to directly impact the market). It's not been so long since the last time they intervened. Also at some point they're going to work out that it's probably not something they can keep doing forever, plex inflation is here to stay. So, speculate on plex at your own risk, know that the game equivalent of God is betting against you and is willing to do divine intervention to distort the market, but also that there is isk to be made. I've certainly made some. | ||
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inph
4 Posts
On May 23 2013 05:12 Sermokala wrote: are you telling us we should be buying up plex's togeather to cause a panic and make tons of iskies? No because CCP will step in and intervene selling a whole load of PLEX onto the market and tanking the price. If you already have PLEX to sell, sell them. Buying now would just be dangerous. Page 102/113 from the 2012 CSM 7 minutes (CSM_CCP_Meetings_December_2012.pdf): "Dr.EyjoG also provided CSM with a report on PLEX intervention(s) made by the EVE Central Bank since the last CSM Summit. The major intervention was related to a PLEX price spike triggered by a large FW payout, and PLEX prices have remained stable since that time. The CSM was satisfied that the ECB had acted appropriately and in line with the procedures previously described. Dr.EyjoG noted that he hopes to have a devblog out in January that discusses this topic in more detail. Other PLEX-related tidbits: the liquidity of the PLEX market (the number of PLEXes on the market at any time) has been increasing steadily, while the price volatility is down. The inventory of PLEXes in the game has been steadily increasing, but so has monthly usage. The current inventory represents about 45 days’ worth of usage, and on a typical day, there are about 4000 PLEX trades on the in-game market." Right now there are only 174 PLEXs between 575m and 637m in Jita There are normally 500-900 PLEXs on sale in Jita in that range. | ||
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Galdo
United States338 Posts
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Vipsanius
Netherlands708 Posts
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KwarK
United States44397 Posts
On May 23 2013 05:28 Galdo wrote: I thought you lost like 200b. I bought constantly on the way down from 580 to 480. I've been selling on the way back up. | ||
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DefMatrixUltra
Canada1992 Posts
On May 23 2013 05:26 KwarK wrote: CCP will sale the fuck out of it until it hits 500 I think. They want to introduce price controls on it. The real issue is that the market values a months game time at more than 500m worth of labour and is going to keep pushing it higher than that imo. So the question becomes how long can CCP keep intervening to fight the market with their artificially generated supply (they looted banned player accounts, used that to build a stockpile and right click sold them at a loss to directly impact the market). It's not been so long since the last time they intervened. Also at some point they're going to work out that it's probably not something they can keep doing forever, plex inflation is here to stay. They are definitely trying to fix the PLEX market, but what they're keeping fixed is the rise rate not the price. When the rate bumps up too high, they will dump PLEX to bring it back down. I suspect they have an extremely good picture of what the rate "should be" from past data and will intervene whenever it appears to go above that. But the price of PLEX will still be allowed to rise over time. The boiling frog effect of steadily rising PLEX price is good for them in every way, and their highest priority is keeping the frog from jumping out. To be fair to them on this occasion, it seems like their fuckup caused the rate hike in the first place so their fixing would not be as bad as it was before. I would definitely keep any PLEX speculation in the extreme short term. It's been demonstrated in the past that they allow for temporary rate hikes with e.g. the PLEX donation schemes without intervention. For them to intervene directly as they did recently, they must have had some compelling evidence (whether correct or not) that it was going to be a big problem. | ||
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Body_Shield
Canada3373 Posts
![[image loading]](http://i692.photobucket.com/albums/vv286/Body_Shield/New%20Album%202/white_apocolypse_zpsc83f7291.png) ![[image loading]](http://i692.photobucket.com/albums/vv286/Body_Shield/New%20Album%202/xfF1FV9_zps9129efbe.png) ![[image loading]](http://i692.photobucket.com/albums/vv286/Body_Shield/New%20Album%202/afqbpkr_zps2cccff51.jpg) | ||
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Omigawa
United States1556 Posts
On May 22 2013 21:18 Johnny Business wrote: Yes, Why you asking? never seen either of them before, was just curious. especially since one was a 2004 character that never left an npc corp edit: what is the fastest way to boost faction standings on your own? i want to do fw L4's but i don't want to bother people who have better things to do. i heard you get a boost to a faction of your choices standings at the end of the sisters of EVE epic arc, would that be a worthwhile thing to do? | ||
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Vipsanius
Netherlands708 Posts
On May 23 2013 14:39 Omigawa wrote: never seen either of them before, was just curious. especially since one was a 2004 character that never left an npc corp edit: what is the fastest way to boost faction standings on your own? i want to do fw L4's but i don't want to bother people who have better things to do. i heard you get a boost to a faction of your choices standings at the end of the sisters of EVE epic arc, would that be a worthwhile thing to do? You can run FW level 1/2s in a daredevil and get access to level 3s in a few hours, then use a caracal to do those. I think 1 full (14 missions or so?) run of lvl 3's will easily get you into level 4s. | ||
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Firebolt145
Lalalaland34507 Posts
On May 23 2013 16:16 Vipsanius wrote: You can run FW level 1/2s in a daredevil and get access to level 3s in a few hours, then use a caracal to do those. I think 1 full (14 missions or so?) run of lvl 3's will easily get you into level 4s. Don't do this. -_- Best way is to ask someone else to share standings with you. | ||
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Ueberlisk
Finland455 Posts
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KwarK
United States44397 Posts
On May 23 2013 23:03 Ueberlisk wrote: I had a chat with chief economist at fanfest and he basically said that they will just seed more plex into the market if they see someone buying them all to spike prices. He said it's special case with plex and they won't intervene that way with "normal" in game items. tyty | ||
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Ueberlisk
Finland455 Posts
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Vipsanius
Netherlands708 Posts
On May 23 2013 18:40 Firebolt145 wrote: Don't do this. -_- Best way is to ask someone else to share standings with you. Yeah if you can find someone online to share standings definately choose that route. | ||
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KwarK
United States44397 Posts
On May 24 2013 00:38 Ueberlisk wrote: CCP apparently has huge bank of plex that have been taken from permanently banned accounts(bots and whatnot). So they are not just creating more from thin air..or that's what he told me and also said at the presentation. Unless plex are a commonly used rmt item I don't see how they can have that much. Isk, sure, but plex can only be generated with real money and people who get banned are not out there buying plex with their credit cards. That leaves buying plex with isk over time with the intent to dump at a loss to trigger a loss of market faith and a crash or creating them out of thin air. | ||
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Lysenko
Iceland2128 Posts
On May 24 2013 01:19 KwarK wrote: Unless plex are a commonly used rmt item I don't see how they can have that much. You think the majority of accounts banned for botting are doing it for RMT purposes? I'd assume that most of the bans are just ordinary players trying to goose their income in their off hours. Accounts primarily engaged in RMT are probably a smaller number, though with impact out of proportion to their numbers. | ||
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KwarK
United States44397 Posts
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Antoine
United States7481 Posts
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