The price of PLEX

PLEX price has been called into question over the past couple of months with speculation all over the place as to where it would go.  Anyone with a little knowledge on PLEX was under the belief that following the final little drop on January 1st the price would begin to climb.  This is where it becomes clear that MoxNix, who claims to be a pro trader, has no idea how the market work.  Here’s his prediction from the end of December:

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.

A cursory glance at the markets already shows that the price of PLEX is back hovering over the 800-820m mark, so unless the market collapses sometime in the next 20 days, we know this to be false.  PLEX is already beginning to recover, and with Christmas often having lower prices and with fanfest coming up in march, it should do very well.  Of course he knows this now as it’s plain to see, which is why he is switching all of his trading alts to work with PLEX.  It’s astounding that he can post up something so clearly wrong, then blog about how he’s going to heavily trade PLEX without acknowledging that it shows that he is aware his previous claim was totally incorrect.

Separately, he’s recently displayed that he claims to have more knowledge than he does in other areas too.  He undertook a huge monologue with one of the other trolls on his blog, claiming to be a computer expert, yet today’s post said he bought this for the PC he is building:

Win 8.1 (full version, not OEM)

A computer expert would know that the OEM version is the full version, it’s simply supplied without packaging and can only be sold when buying hardware (which he was).  I guess that when you’re on the internet though, everyone can be a self proclaimed computer expert and market guru.

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Market Morons

It’s funny to watch players (like my counterpart, over at the other, less intellectually stimulating Merchant Monarchy) getting all excited and acting as if they have vastly more knowledge than they do.

Right now, MoxNix is looking at Plex prices.  At first he seemed to just miss the fact that multiboxers were getting the nerfbat and started talking about the “Plex bubble” exploding.  In itself, that’s retarded because there is no Plex bubble.  The in game economy simply doesn’t work that way.  With no drastic outside changes – like the nerfing of thousands of multiboxed charaters –  Plex prices will only ever go up.

Then he’s moved on to “Plex price manipulation”, which is another way of saying “I don’t know what’s going on, so I’ll cry that other players are doing something!”.  It’s a repeat of the “everyone I don’t like is botting” scandal all over again.  Listen up Mox, it’s not price manipulation.  It’s simply people far more educated and wealthy than you chucking down their wallets to hedge bets on where the dip from these announced changes is going to stop.

It doesn’t end there though.  He was wrong, then he was wrong again, and now he’s made a third wrong assumption.  He’s talking about the Plex prices as if on 1st January we’re suddenly doing to see a massive drop in the Plex price where all the multiboxers stop buying them.  What he’s forgotten to consider (probably because he’s a fat, unemployed neckbeard sitting in his mother’s basement dreaming of being popular) is that the Plex for multibox characters will be bought and applied before the 1st.  It’s not like every multiboxer in the world was going to apply plex on exactly the 1st of January and now they won’t, it will be any time from last week right up to January, and the impact will reduce the closer we get to the live date.

Remember though, if you want to tell him any of this, you can’t do so on his blog, since he gets upset and deletes out any comments he doesn’t like (which includes anything that proves him wrong).