Steam Market is malfunctioning- Knives sold at 0.03 cents, stat trak sold at 3 cents

[Mr Selfridge]

Steam Market is having the same issues in the EU as it had in the far east, i am seeing knives and high quality stat trak gun being sold at 0.03 cents every few minutes. Impossible to get though.

[Wild Grant]

It's not malfunctioning, you can't get them because market bots are, the issue was global when it happened before, not just the far east, items have always had radical price drops, sometimes due to people's accounts being hacked or drunk people thinking cents are Euros.

[HOOD ΝΙGGA]

Originally posted by Glorious Beast Mode:

It's not malfunctioning, you can't get them because market bots are, the issue was global when it happened before, not just the far east, items have always had radical price drops, sometimes due to people's accounts being hacked or drunk people thinking cents are Euros.

Hahahahahhahaha drunk people thinking cents are euros XD

I think that some people or steam maybe given items away someway because all items sold at 0.03 were sold at 1st May 10 AM cet on my time

[Wild Grant]

on the 1st of may there was a massive exchange rate error which affected the market globally, this was rolled back but it still shows on market history.

[Mr Selfridge]

No! This is different, There is a huge range of high quality skins and knives being sold at 0.03 in the last hour. I wouldn't say if it wasn't so. Also prices have dropped severely on many skins and my guess is something is more wrong than usual with the market. If the new op wasnt around the corner i would be making a quick profit. 38 flip Knives ft were sold in 1 hour at 0.03 cents, That has never happened. CHARTs dont lie.

[skyking]

This happened because of a conversion problem with currencies on Steam. People using a certain currency could buy everything for .03 cents USD. This problem has been fixed and all purchases made during that time reverted.

[Wild Grant]

Originally posted by Mr Selfridge:

No! This is different, There is a huge range of high quality skins and knives being sold at 0.03 in the last hour. I wouldn't say if it wasn't so. Also prices have dropped severely on many skins and my guess is something is more wrong than usual with the market. If the new op wasnt around the corner i would be making a quick profit. 38 flip Knives ft were sold in 1 hour at 0.03 cents, That has never happened. CHARTs dont lie.

Those were 'sold' May 1st.

[Mr Selfridge]

Originally posted by Glorious Beast Mode:

Originally posted by Mr Selfridge:

No! This is different, There is a huge range of high quality skins and knives being sold at 0.03 in the last hour. I wouldn't say if it wasn't so. Also prices have dropped severely on many skins and my guess is something is more wrong than usual with the market. If the new op wasnt around the corner i would be making a quick profit. 38 flip Knives ft were sold in 1 hour at 0.03 cents, That has never happened. CHARTs dont lie.

Those were 'sold' May 1st.

Why are the prices dropping on everything steeply?

[Wild Grant]

I'm gonna need to see an example.

[skyking]

Originally posted by Mr Selfridge:

Originally posted by Glorious Beast Mode:

Those were 'sold' May 1st.

Why are the prices dropping on everything steeply?

Because that's how the economy goes. Eventually they'll go back up.

[Mr Selfridge]

I suspect the Bots may not register their trades with the market. So this is just what players may have bought somehow. I haven't time to trawl through pages and pages of knives, I just went through 2 pages of flip knives.

I also reviewed the long term history and the 0.03 sales between April 28th and May 3rd have distinct or unique cluster formation of 0.03 sales; a cluster that is absent along the charts previous time chronology.

You cannot say these 0.03 sales are routine because clearly they are not. YES! There are many sales on May 3rd indicating that the market malfunction is ongoing and not resolved.

I am not doing any more 'donkey work' on this issue. I was just curious about the Market breakdown. Market breakdowns always result in steep price reductions across all skins. The price reduction began back in late April and so also did the Market malfunction where Knives and skins began to be sold at 0.03.


May 3rd

http://steamcommunity.com/market/listings/730/%E2%98%85%20Flip%20Knife%20%7C%20Scorched%20%28Field-Tested%29

http://steamcommunity.com/market/search?q=&category_730_ItemSet%5B%5D=any&category_730_TournamentTeam%5B%5D=any&category_730_Weapon%5B%5D=tag_weapon_knife_flip&category_730_Type%5B%5D=tag_CSGO_Type_Knife&appid=730#p2_price_asc



Unusual price drop. May 3rd

http://steamcommunity.com/market/listings/730/%E2%98%85%20Flip%20Knife%20%7C%20Urban%20Masked%20%28Field-Tested%29

[Bradley]

Originally posted by Mr Selfridge:

No! This is different, There is a huge range of high quality skins and knives being sold at 0.03 in the last hour. I wouldn't say if it wasn't so. Also prices have dropped severely on many skins and my guess is something is more wrong than usual with the market. If the new op wasnt around the corner i would be making a quick profit. 38 flip Knives ft were sold in 1 hour at 0.03 cents, That has never happened. CHARTs dont lie.

flip knives are ♥♥♥♥ why not

[skyking]

Originally posted by Roasted Orphans:

Originally posted by Mr Selfridge:

No! This is different, There is a huge range of high quality skins and knives being sold at 0.03 in the last hour. I wouldn't say if it wasn't so. Also prices have dropped severely on many skins and my guess is something is more wrong than usual with the market. If the new op wasnt around the corner i would be making a quick profit. 38 flip Knives ft were sold in 1 hour at 0.03 cents, That has never happened. CHARTs dont lie.

flip knives are ♥♥♥♥ why not

And yet you will still never be able to afford one.

[Bradley]

Originally posted by Room Temperature Legumes:

Originally posted by Roasted Orphans:

flip knives are ♥♥♥♥ why not

And yet you will still never be able to afford one.

http://i.gyazo.com/ab0d093c49d13808bf63bad79b05c8fa.png


LOLOLOLOLOLOLOLOLO

[Wild Grant]

Isolated incidents do not indicate a trend, you linked one with one sale and another with two sales at a moderate price, indicating one extremely low sale and one normal price sale.

I think someone got scammed or had their account hacked.
This is nothing like the May 1st issues, just isolated cases which honestly have been happening on all items since the market was launched.

[Mr Selfridge]

Originally posted by Glorious Beast Mode:

Isolated incidents do not indicate a trend, you linked one with one sale and another with two sales at a moderate price, indicating one extremely low sale and one normal price sale.

I think someone got scammed or had their account hacked.
This is nothing like the May 1st issues, just isolated cases which honestly have been happening on all items since the market was launched.

I never said it was a trend, the last 7 days have been highly unique.They are outliers/OCC not trends.

There is a cluster between late April to May 3rd and i am not just using the links I provided. No one got scammed or got their account hacked. Also on the balance of probabilities if it was a bad sale then why the 0.03 cents. Why always 0.03 cents.

Not only is their a clear and present cluster indicating this is an OCC, but the probability that every seller that makes a bad sale just happens to sell at precisely 0.03 is on the balance of probabilities very unlikely.

Leaving what a hack. So the 0.03 spikes are related to some form of scam or hack ? Is that wwat you are saying?

Well that is what I am asking!