Rust skin market is a scam. Be warned.

[ABRACADABRA]

I have paid attention to the skin market of rust for months now. What I have seen makes absolutely no sense. 2 hours ago the new chest roadsign item that was released last week, was at 3.01 with one seller, next price 1 seller, next price 1 seller, etc. It was going to climb through 3 dollars by the end of the day (currently 2am) at the rate its selling. It is now selling for 2.46, how did that price drop, what seller takes less profit when selling an item? I understand the 1-3 cent price cut to get an item listed and sold first but not by nearly 60 cent. I have seen multiple items that had only 2-3 sellers the past 2 months, for example, one item had 3 sellers, one priced at 9 dollars, the second priced at 22 dollars, the third, 88 dollars. I watched the 9 dollar list get bought and it go to 22 bucks, I checked on it the next day and it was back at the low 8 dollar range.... how... I saw a listing for 9 chestplates, 3 of them were for 1.01, the next was 1.80, then 2.30, then 8, and it doesn't show the rest of the sellers.. so I bought the 3 for for 1.01 and watched it go to 1.80... about a week goes by, and there were multiple listing created for 1.01 .... how... why would they be listed for 1.01 if the lowest priced seller is 1.80 .... this is getting long but these are just a few example out of TONS of others I have noticed over the past few months.... who is controlling this market, really?

[𐂃𐂃𐂃]

It's a virtual item with absolutely no value whatsoever. The person in control of it urgently needs money for a vacation. Just wait until winter arrives and hope they're not into snowboarding as well.

[ABRACADABRA]

Originally posted by Immortal:

It's a virtual item with absolutely no value whatsoever. The person in control of it urgently needs money for a vacation. Just wait until winter arrives and hope they're not into snowboarding as well.

That makes no sense at all.. if they want to sell their skin, all they have to do is price it 1 cent less than the current for sale price and the item will now be the first one listed and sold when someone buys the skin... 99 percent of these skins trade daily as well so needing it quick isn't really an issue as the skin will 99 percent chance sell the day you list it

[Harzon]

Originally posted by Immortal:

It's a virtual item with absolutely no value whatsoever. The person in control of it urgently needs money for a vacation. Just wait until winter arrives and hope they're not into snowboarding as well.

wtf is wrong with you

[ABRACADABRA]

Originally posted by 123:

Originally posted by Immortal:

It's a virtual item with absolutely no value whatsoever. The person in control of it urgently needs money for a vacation. Just wait until winter arrives and hope they're not into snowboarding as well.

wtf is wrong with you

I took his comment a bit wrong, i think he actually means something like a shadow government.. not a "consumer" but the one who actually has control over the listings

[Harzon]

Originally posted by hawoo:

Originally posted by 123:

wtf is wrong with you

I took his comment a bit wrong, i think he actually means something like a shadow government.. not a "consumer" but the one who actually has control over the listings

oh ok

[Gnasty Gnorc]

you realize that the price is entirely set by supply and demand, right?

No one person has control over listings. They're automatic.

[ABRACADABRA]

Originally posted by Havik:

you realize that the price is entirely set by supply and demand, right?

No one person has control over listings. They're automatic.

..... was that your attempt at sounding smart or something? If I own a skin and want to sell it then I list the skin for what it's worth. The skin is 2.88, so I can list it for 2.87 so I have the best price to sell on the market, or I list it for profit... supply and demand is work here, if we are able to set the price for an item that has few sellers, that is supply and demand nimwit

[Chronic213]

Originally posted by Havik:

you realize that the price is entirely set by supply and demand, right?

No one person has control over listings. They're automatic.

False bans are automatically lifted despite an appeal process existing, and now market prices for skins are automatic despite users setting the prices themselves? I'm starting to think someone has misled you about the meaning of the word "automatic".

Originally posted by hawoo:

I have paid attention to the skin market of rust for months now. What I have seen makes absolutely no sense. 2 hours ago the new chest roadsign item that was released last week, was at 3.01 with one seller, next price 1 seller, next price 1 seller, etc. It was going to climb through 3 dollars by the end of the day (currently 2am) at the rate its selling. It is now selling for 2.46, how did that price drop, what seller takes less profit when selling an item? I understand the 1-3 cent price cut to get an item listed and sold first but not by nearly 60 cent. I have seen multiple items that had only 2-3 sellers the past 2 months, for example, one item had 3 sellers, one priced at 9 dollars, the second priced at 22 dollars, the third, 88 dollars. I watched the 9 dollar list get bought and it go to 22 bucks, I checked on it the next day and it was back at the low 8 dollar range.... how... I saw a listing for 9 chestplates, 3 of them were for 1.01, the next was 1.80, then 2.30, then 8, and it doesn't show the rest of the sellers.. so I bought the 3 for for 1.01 and watched it go to 1.80... about a week goes by, and there were multiple listing created for 1.01 .... how... why would they be listed for 1.01 if the lowest priced seller is 1.80 .... this is getting long but these are just a few example out of TONS of others I have noticed over the past few months.... who is controlling this market, really?

I'll admit, I pay virtually zero attention to the skin market, and I'm not even really familiar with how it works, but is there more than one market? I know there's one here on Steam obviously, but are there other markets on 3rd party sites? All those skin gambling sites... do they sell skins? If so, that could be driving price movements here on Steam, too. Just a guess.

[DICKENS CIDER]

its the same person controlling the supply and demand on the item in question . I wish they would teach you kids things in school again .

[Chronic213]

Originally posted by DICKENS CIDER:

its the same person controlling the supply and demand on the item in question . I wish they would teach you kids things in school again .

Like how to punctuate properly?

[DrummerJacob]

Originally posted by hawoo:

Originally posted by Immortal:

It's a virtual item with absolutely no value whatsoever. The person in control of it urgently needs money for a vacation. Just wait until winter arrives and hope they're not into snowboarding as well.

That makes no sense at all.. if they want to sell their skin, all they have to do is price it 1 cent less than the current for sale price and the item will now be the first one listed and sold when someone buys the skin... 99 percent of these skins trade daily as well so needing it quick isn't really an issue as the skin will 99 percent chance sell the day you list it

No, it does make sense, you just dont see it for whatever reason. Keep in mind the sellers in this marketplace are many times kids that like you, dont understand basic economics, so their decision making isnt top notch, but it is real and nowhere near a scam. Of course its some private profile guy giving this warning thats nothing more than an indication of your ignorance about this subject. How embarrassing to dig that deep and be that wrong about it.

Also, please learn how to use paragraphs. When youre done with one idea, you go to the next paragraph, and it makes it easier for the reader to comprehend what youre writing. (Assuming thats your goal is to be understood)

When you take Economics in High School, pay attention to when they talk about supply and demand, youll completely understand everything thats going on here just from one lesson about it.

There is zero scam in the marketplace because for there to be a scam in the marketplace, every single person on there including myself, would have to be in on the scam, and nobodys sent me any info about anything. And since you havent named a single thing that might be a scam, why even use that language? You havent made any case that a scam of any kind existed anywhere, not even once.

Its literally nothing more than supply and demand. If demand to sell something is high, the price will go down because they'll have to lower the price to compete and get faster sales, if the demand to buy is high, the price will rise because sellers will start to see they can charge more for their item that seems to be worth more now to people.

Its all about what value people see in a skin. One skin that is obvious in this way is christmas lights. When they first came out, nobody cared about them, so not many people bought them. But years later so the supply is dangerously low for such a decent skin, then when powered Christmas lights came out and the concept of using Rust for role playing got more traction, those lights went up in value because they didnt require power and are super easy to place and are also cheap.

Youll see the price of Christmas lights go up around christmas too, cause guess what, demand goes up. It'll inevitably peak over 200 again this year, thats just a prediction but has held up the last 3 years since back w hen it used to sit at around $75.

Every skin goes through this in some way or another on a smaller or larger scale. Youre commenting on pennies as if that matters, im commenting on $100 shifts in price and even that is completely reasonable so it makes your concern about a few pennies look silly.

And where are you getting this figure "99% of skins trade daily?" Thats absolute nonsense. You just made that up. Thats just the BEGINNING of your misunderstanding of this situation. As you read this, I have 6 skins up for sale and some of them have been up for weeks now because I wont negotiate on the price. I need that specific price or no deal, and that means the skin wont sell quick, but it will sell, and I know that because Ive done it like this hundreds of times.

Just because youve been watching the market for a few months doesnt mean anything, Ive been watching it for about 7 years, and? I dont see anything weird, and Ive seen things far beyond what youve mentioned here. For instance, someone sold the christmas light which sits at around $150-200 value, for like $30 in the last few months. Why? Either seller mistyped an accidentally cheap price or dude just really needed to liquidate his Xmas lights to get quick cash to buy a game on sale or something, because thats one of your options is to dump your items for way too cheap if you want to.

Ive paid $5 more for a guitar skin than I wanted just because I didnt want to wait for the skin since I needed it for a music video. That was me slightly raising the price cause I dont give a damn, and the market will deal with that. Others lowball prices and wait long periods of time to get it, and sometimes they get lucky and their item buys and they juked the market and got the best out of it.

Its always about time and money. If you have more time,m you can offer less money, if you have more money you can spend less time and just instabuy the skin at whatever price you know it will go through at.

Thats how the basic economy in the world works. When you cant enough of something, the price goes up, and the market is flooded with a cheap product, its value goes down and price goes down.

Think about the perspective of the Steam user. Why sell a skin at all? Usually its to buy a game or buy a newer skin since you cant convert it to cash easily. And how hard is it to imagine kids wanting their money sooner than later, at the expense of having to lower their price slightly to get it sold quicker? Ive done this probably 100 times and not even exaggerating, you can look at my inventory and profile, I deal with alot of items in a few different games.

Ive sold items for a few bucks over what theyre worth when I didnt need the money fast but I know I dont want the item anymore, and ive sold items under what theyre worth to get quick cask for Steam sale items. Its just basic logic really, and if a bunch of people do the same as you, it will affect the overall price somewhat, otherwise it usually doesnt and just shows up as an overlooked fluke in the sales history page.

[Chronic213]

Originally posted by DrummerJacob:

Originally posted by hawoo:

That makes no sense at all.. if they want to sell their skin, all they have to do is price it 1 cent less than the current for sale price and the item will now be the first one listed and sold when someone buys the skin... 99 percent of these skins trade daily as well so needing it quick isn't really an issue as the skin will 99 percent chance sell the day you list it

No, it does make sense, you just dont see it for whatever reason. Keep in mind the sellers in this marketplace are many times kids that like you, dont understand basic economics, so their decision making isnt top notch, but it is real and nowhere near a scam.

Also, please learn how to use paragraphs. When youre done with one idea, you go to the next paragraph, and it makes it easier for the reader to comprehend what youre writing. (Assuming thats your goal is to be understood)

When you take Economics in High School, pay attention to when they talk about supply and demand, youll completely understand everything thats going on here just from one lesson about it.

There is zero scam in the marketplace because for there to be a scam in the marketplace, every single person on there including myself, would have to be in on the scam, and nobodys sent me any info about anything. And since you havent named a single thing that might be a scam, why even use that language? You havent made any case that a scam of any kind existed anywhere, not even once.

Its literally nothing more than supply and demand. If demand to sell something is high, the price will go down because they'll have to lower the price to compete and get faster sales, if the demand to buy is high, the price will rise because sellers will start to see they can charge more for their item that seems to be worth more now to people.

Its all about what value people see in a skin. One skin that is obvious in this way is christmas lights. When they first came out, nobody cared about them, so not many people bought them. But years later, when powered christmas lights came out and the concept of using Rust for role playing got more traction, those lights went up in value because they didnt require power and are super easy to place and are also cheap.

Every skin goes through this in some way or another on a smaller or larger scale. Youre commenting on pennies as if that matters, im commenting on $100 shifts in price and even that is completely reasonable so it makes your concern about a few pennies look silly.

And where are you getting this figure "99% of skins trade daily?" Thats absolute nonsense. You just made that up. Thats just the BEGINNING of your misunderstanding of this situation.

Just because youve been watching the market for a few months doesnt mean anything, Ive been watching it for about 7 years, and? I dont see anything weird, and Ive seen things far beyond what youve mentioned here. For instance, someone sold the christmas light which sits at around $150-200 value, for like $30. Why? Either seller mistyped an accidentally cheap price or dude just really needed to liquidate his Xmas lights to get quick cash to buy a game on sale or something, because thats one of your options is to dump your items for way too cheap.

Ive paid $5 more for a guitar skin than I wanted just because I didnt want to wait for the skin since I needed it for a music video. That was me slightly raising the price cause I dont give a damn, and the market will deal with that. Others lowball prices and wait long periods of time to get it, and sometimes they get lucky and their item buys and they juked the market and got the best out of it.

Its always about time and money. If you have more time,m you can offer less money, if you have more money you can spend less time and just instabuy the skin at whatever price you know it will go through at.

Thats how the basic economy in the world works. When you cant enough of something, the price goes up, and the market is flooded with a cheap product, its value goes down and price goes down.

Think about the perspective of the Steam user. Why sell a skin at all? Usually its to buy a game or buy a newer skin since you cant convert it to cash easily. And how hard is it to imagine kids wanting their money sooner than later, at the expense of having to lower their price slightly to get it sold quicker? Ive done this probably 100 times and not even exaggerating, you can look at my inventory and profile, I deal with alot of items in a few different games.

Ive sold items for a few bucks over what theyre worth when I didnt need the money fast but I know I dont want the item anymore, and ive sold items under what theyre worth to get quick cask for Steam sale items. Its just basic logic really, and if a bunch of people do the same as you, it will affect the overall price somewhat, otherwise it usually doesnt and just shows up as an overlooked fluke in the sales history page.

If you click on an item in your Steam inventory, you can see how many of them sold in the last 24 hours, can't you? And if you list that item for sale for 1 cent less than the current lowest price, that item will sell first, correct?

Also, it kinda doesn't make sense that people have apparently figured out how to withdraw cash from their Steam wallet for vacations and snowboards... does it?

You've assumed the OP is an uneducated child for some reason. Why?

And if you're going to criticize paragraph structure, maybe you should ensure you use punctuation properly. You've left out quite a number of apostrophes.

[ABRACADABRA]

Originally posted by Chronic213:

Originally posted by DrummerJacob:

No, it does make sense, you just dont see it for whatever reason. Keep in mind the sellers in this marketplace are many times kids that like you, dont understand basic economics, so their decision making isnt top notch, but it is real and nowhere near a scam.

Also, please learn how to use paragraphs. When youre done with one idea, you go to the next paragraph, and it makes it easier for the reader to comprehend what youre writing. (Assuming thats your goal is to be understood)

When you take Economics in High School, pay attention to when they talk about supply and demand, youll completely understand everything thats going on here just from one lesson about it.

There is zero scam in the marketplace because for there to be a scam in the marketplace, every single person on there including myself, would have to be in on the scam, and nobodys sent me any info about anything. And since you havent named a single thing that might be a scam, why even use that language? You havent made any case that a scam of any kind existed anywhere, not even once.

Its literally nothing more than supply and demand. If demand to sell something is high, the price will go down because they'll have to lower the price to compete and get faster sales, if the demand to buy is high, the price will rise because sellers will start to see they can charge more for their item that seems to be worth more now to people.

Its all about what value people see in a skin. One skin that is obvious in this way is christmas lights. When they first came out, nobody cared about them, so not many people bought them. But years later, when powered christmas lights came out and the concept of using Rust for role playing got more traction, those lights went up in value because they didnt require power and are super easy to place and are also cheap.

Every skin goes through this in some way or another on a smaller or larger scale. Youre commenting on pennies as if that matters, im commenting on $100 shifts in price and even that is completely reasonable so it makes your concern about a few pennies look silly.

And where are you getting this figure "99% of skins trade daily?" Thats absolute nonsense. You just made that up. Thats just the BEGINNING of your misunderstanding of this situation.

Just because youve been watching the market for a few months doesnt mean anything, Ive been watching it for about 7 years, and? I dont see anything weird, and Ive seen things far beyond what youve mentioned here. For instance, someone sold the christmas light which sits at around $150-200 value, for like $30. Why? Either seller mistyped an accidentally cheap price or dude just really needed to liquidate his Xmas lights to get quick cash to buy a game on sale or something, because thats one of your options is to dump your items for way too cheap.

Ive paid $5 more for a guitar skin than I wanted just because I didnt want to wait for the skin since I needed it for a music video. That was me slightly raising the price cause I dont give a damn, and the market will deal with that. Others lowball prices and wait long periods of time to get it, and sometimes they get lucky and their item buys and they juked the market and got the best out of it.

Its always about time and money. If you have more time,m you can offer less money, if you have more money you can spend less time and just instabuy the skin at whatever price you know it will go through at.

Thats how the basic economy in the world works. When you cant enough of something, the price goes up, and the market is flooded with a cheap product, its value goes down and price goes down.

Think about the perspective of the Steam user. Why sell a skin at all? Usually its to buy a game or buy a newer skin since you cant convert it to cash easily. And how hard is it to imagine kids wanting their money sooner than later, at the expense of having to lower their price slightly to get it sold quicker? Ive done this probably 100 times and not even exaggerating, you can look at my inventory and profile, I deal with alot of items in a few different games.

Ive sold items for a few bucks over what theyre worth when I didnt need the money fast but I know I dont want the item anymore, and ive sold items under what theyre worth to get quick cask for Steam sale items. Its just basic logic really, and if a bunch of people do the same as you, it will affect the overall price somewhat, otherwise it usually doesnt and just shows up as an overlooked fluke in the sales history page.

If you click on an item in your Steam inventory, you can see how many of them sold in the last 24 hours, can't you? And if you list that item for sale for 1 cent less than the current lowest price, that item will sell first, correct?

Also, it kinda doesn't make sense that people have apparently figured out how to withdraw cash from their Steam wallet for vacations and snowboards... does it?

You've assumed the OP is an uneducated child for some reason. Why?

And if you're going to criticize paragraph structure, maybe you should ensure you use punctuation properly. You've left out quite a number of apostrophes.

Dudes a bot, I clearly understand supply and demand, I have traded in the stock market for years. When you hit a sensitive subject these clowns come out the woodwork to ♥♥♥♥♥♥♥♥

[Gnasty Gnorc]

Originally posted by Chronic213:

Originally posted by Havik:

you realize that the price is entirely set by supply and demand, right?

No one person has control over listings. They're automatic.

False bans are automatically lifted despite an appeal process existing, and now market prices for skins are automatic despite users setting the prices themselves? I'm starting to think someone has misled you about the meaning of the word "automatic".

Originally posted by hawoo:

I have paid attention to the skin market of rust for months now. What I have seen makes absolutely no sense. 2 hours ago the new chest roadsign item that was released last week, was at 3.01 with one seller, next price 1 seller, next price 1 seller, etc. It was going to climb through 3 dollars by the end of the day (currently 2am) at the rate its selling. It is now selling for 2.46, how did that price drop, what seller takes less profit when selling an item? I understand the 1-3 cent price cut to get an item listed and sold first but not by nearly 60 cent. I have seen multiple items that had only 2-3 sellers the past 2 months, for example, one item had 3 sellers, one priced at 9 dollars, the second priced at 22 dollars, the third, 88 dollars. I watched the 9 dollar list get bought and it go to 22 bucks, I checked on it the next day and it was back at the low 8 dollar range.... how... I saw a listing for 9 chestplates, 3 of them were for 1.01, the next was 1.80, then 2.30, then 8, and it doesn't show the rest of the sellers.. so I bought the 3 for for 1.01 and watched it go to 1.80... about a week goes by, and there were multiple listing created for 1.01 .... how... why would they be listed for 1.01 if the lowest priced seller is 1.80 .... this is getting long but these are just a few example out of TONS of others I have noticed over the past few months.... who is controlling this market, really?

I'll admit, I pay virtually zero attention to the skin market, and I'm not even really familiar with how it works, but is there more than one market? I know there's one here on Steam obviously, but are there other markets on 3rd party sites? All those skin gambling sites... do they sell skins? If so, that could be driving price movements here on Steam, too. Just a guess.

So you’re still wrong about the bans, but I’ll take the hit for my market comment. I worded it poorly.

What I meant was, individuals set the market price and control the listings.

There is nobody on Steams side that controls the listings in any capacity.

Kinda weird that everyone was dumb enough to not understand the context, though.

[Gnasty Gnorc]

Originally posted by hawoo:

Originally posted by Chronic213:

If you click on an item in your Steam inventory, you can see how many of them sold in the last 24 hours, can't you? And if you list that item for sale for 1 cent less than the current lowest price, that item will sell first, correct?

Also, it kinda doesn't make sense that people have apparently figured out how to withdraw cash from their Steam wallet for vacations and snowboards... does it?

You've assumed the OP is an uneducated child for some reason. Why?

And if you're going to criticize paragraph structure, maybe you should ensure you use punctuation properly. You've left out quite a number of apostrophes.

Dudes a bot, I clearly understand supply and demand, I have traded in the stock market for years. When you hit a sensitive subject these clowns come out the woodwork to ♥♥♥♥♥♥♥♥

You clearly don’t understand supply and demand and your OP proves it lol.