The return of FOMO

 About a year ago now, CCP released a dev blog in which they declared "the end of FOMO", i.e. big sales that you make you feel like you have to take advantage of otherwise you're losing out on some serious opportunity cost. Whether that be the cost of PLEXing an account, or buying skill extractors or whatever.

In part they said this was to combat the behaviour of PLEX hoarding as an investment vehicle that gets unloaded during these massive NES sales. Pretty much since then the price of PLEX has steadily fallen, with small bumps here and there for minor sales. Until today.

We have never seen anything like this before. The scale of it is madness. And some of the deals are ridiculous. 3 for 1 hypercores??? I swore I would never again, but, well...

The main issue I have with this is that it totally shatters the idea that PLEX is not an investment vehicle. We now have clear, undeniable proof that t is and always will be. So any spare ISK you have, putting it in PLEX is a good idea.

It also throws so much ISK into the "game adjacent" economy. By that I mean items that are not available in game but affect your character in some way. MCTs, skill extractors and the like. So much money that could be used for in game activities is instead used on opportunities like this because they are more lucrative. And that's just sad really.

That being said, I will be taking part. I have around 180Bn ISK that I am not currently utilising, and I think the majority of it will be used in this sale in some way.

Now, what am I going to do?

I have 181Bn ISK sat in my wallet right now, and I want to invest the majority of it.

PLEX is currently sitting at 4,820,000 buy, 4,970,000 sell

That puts HyperCore break even at 160,666 ISK

and Skill Extractor 359,893 ISK

I can buy about 37,000 PLEX, which is what I put a buy order up for (the biggest of all time for me).

I'm going to buy about 500,000 Hypercores and then put the rest in Skill Extractors. 

I'll never get parity on these, but will probably look to start offloading in about 6 months for whatever profit I can get.

It's wild, I don't really like it, but knowing about it I'd be stupid not to take part.

Also, once the sale ends I'm going to slowly start stocking up on PLEX. As something like this is clearly going to happen again.