Wednesday 31 December 2014

Happy New Year!

T'was the day before New Years and PLEX prices were falling...

PLEX prices are still dropping with today's Jita prices at 787 million in sell orders and 777 million in buy orders. That's only a 10 million ISK spread, less than the minimum possible combined taxes + broker fees to buy and sell one PLEX at those prices, which is an indication of a market still trending downwards.

Some others insist it's just a temporary effect caused by a bursting bubble, Christsmas PLEX sales or the recent influx of new players on trail accounts and prices will soon go back up again.

I disagree, I fully expect the downward to trend to continue. If the existing trend continues at the same rate PLEX will be selling for around 650 million each in another month.

But nobody knows for sure what's going to happen next, we're all just going to have to wait and see.

Starting tomorrow (Jan 1st, New Year's Day) the new multi-boxing input policy goes into effect and that's the main factor behind the drop in PLEX prices since around Nov 24.

Depending on how various holders of PLEX stockpiles react, the price might just continue going down slowly until it eventually stabilizes at a new lower level or it could crash hard.

If CCP isn't very strict about enforcing the new policy  prices will start going back up again before long. The multi-boxers certainly will test how effective CCP is in enforcing it.

Have a Happy New Year!

1 comment:

  1. I think new macro policy works like a charm :)
    Did you also notaice that there is a lot less bot's on market?