Is STEAM market bidding function broken/compromized ?

[livinghell]

I am for 2 days the only highest bidder for https://steamcommunity.com/market/listings/730/StatTrak%E2%84%A2%20Music%20Kit%20%7C%20Daniel%20Sadowski%2C%20Crimson%20Assault . This item was already sold 2 times for much lower price, and NOT to me. Check the log on item price. How is it possible? Is there any exploit to buy items BEFORE they are actually listed for all "public" bid orders?

[cSg|mc-Hotsauce]

Originally posted by livinghell:

I am for 2 days the only highest bidder for https://steamcommunity.com/market/listings/730/StatTrak%E2%84%A2%20Music%20Kit%20%7C%20Daniel%20Sadowski%2C%20Crimson%20Assault . This item was already sold 2 times for much lower price, and NOT to me. Check the log on item price. How is it possible? Is there any exploit to buy items BEFORE they are actually listed for all "public" bid orders?

So, you were not first in line?

[livinghell]

Originally posted by cSg|mc-Hotsauce:

Originally posted by livinghell:

I am for 2 days the only highest bidder for https://steamcommunity.com/market/listings/730/StatTrak%E2%84%A2%20Music%20Kit%20%7C%20Daniel%20Sadowski%2C%20Crimson%20Assault . This item was already sold 2 times for much lower price, and NOT to me. Check the log on item price. How is it possible? Is there any exploit to buy items BEFORE they are actually listed for all "public" bid orders?

So, you were not first in line?

:qr:

Read carefully: I am and WAS first in line with 5 € AND the only person bidding 5 €. It was sold for lower price somehow.

[cSg|mc-Hotsauce]

Originally posted by livinghell:

Originally posted by cSg|mc-Hotsauce:

So, you were not first in line?

Read carefully: I am and WAS first in line with 5 € AND the only person bidding 5 €. It was sold for lower price somehow.

That just means you were not the 1st bidder in line regardless of the amount you were bidding at.

[livinghell]

Originally posted by cSg|mc-Hotsauce:

That just means you were not the 1st bidder in line regardless of the amount you were bidding at.

:qr:

How to understand this precisely: ..... regardless of the price or FOR the wished price???

[cSg|mc-Hotsauce]

Originally posted by livinghell:

Originally posted by cSg|mc-Hotsauce:

That just means you were not the 1st bidder in line regardless of the amount you were bidding at.

How to understand this precisely: ..... regardless of the price or FOR the wished price???

If multiple buy orders satisfy a new market listing, which buy order gets processed?

We have made some changes to how this works in March of 2017, and again in July of 2017 to try to be more fair for users of all currencies.

The oldest matching buy order will be selected. It used to be that the buy order for the highest amount after currency conversion would be selected, but that was unfair to users of some currencies as the maximum amount differs from currency to currency. So now, if multiple buy orders could fulfill a newly-listed item, the oldest buy order will be selected.

https://support.steampowered.com/kb_article.php?ref=6088-udxm-7214#buyordersnewlistings

[cSg|mc-Hotsauce]

Originally posted by Jerry:

Originally posted by cSg|mc-Hotsauce:

That just means you were not the 1st bidder in line regardless of the amount you were bidding at.

That is not how the market works, according to Steam. The highest bid should be paired with the lowest price. Even taking into account the usual shifts through currency conversions, a 10% gap towards the top bid is barely to be explained.
Something may have gone wrong there indeed.

Let me repost that for you...

If multiple buy orders satisfy a new market listing, which buy order gets processed?

We have made some changes to how this works in March of 2017, and again in July of 2017 to try to be more fair for users of all currencies.

The oldest matching buy order will be selected. It used to be that the buy order for the highest amount after currency conversion would be selected, but that was unfair to users of some currencies as the maximum amount differs from currency to currency. So now, if multiple buy orders could fulfill a newly-listed item, the oldest buy order will be selected.

https://support.steampowered.com/kb_article.php?ref=6088-udxm-7214#buyordersnewlistings

[livinghell]

Originally posted by cSg|mc-Hotsauce:

Originally posted by livinghell:

How to understand this precisely: ..... regardless of the price or FOR the wished price???

https://support.steampowered.com/kb_article.php?ref=6088-udxm-7214#buyordersnewlistings

:qr:

YES, I see. To understand it you have to take the condition "The oldest matching buy order will be selected." and redefine "matching" in a most irrational way. It IS broken.

[cSg|mc-Hotsauce]

Originally posted by livinghell:

Originally posted by cSg|mc-Hotsauce:

https://support.steampowered.com/kb_article.php?ref=6088-udxm-7214#buyordersnewlistings

YES, I see. To understand it you have to take the condition "The oldest matching buy order will be selected." and redefine "matching" in a most irrational way. It IS broken.

So, you were not first.

[TorMazila]

I've seen this and similar thing many times. Even weirder - I was the guy who actually purchased things for that "lower" price several times (sometimes asking for "almost it" exactly, sometimes - it was unexplainable pleasant surprise) and maybe I was the guy who sold the item for "much more" than I asked several times as well. And once I happened to sell an item to the second bidder who had a bit lower price and received that very amount - I simply stated the asking price as the second highest bidder (this was a trading card, not individual skin like in CSGO).
And situation like yours - ALL THE TIME. I sell something for several months and I see regular spikes in price of the item exceeding by far the price I'm asking.

Steam market is bugged and probably will never be fixed. Factor in the exchange rates which are changing all the time (in my country USD has gone up by 4% and then down by 6% within couple of months). and you will find it hard to even "fill the glass" with bids and offers properly. The "national currencies" idea is a trash when it comes to such cases. Or a "god given thingie" that allows getting more profits from trading if your currency is highly volatile..

[Count_Dandyman]

Originally posted by livinghell:

Originally posted by cSg|mc-Hotsauce:

https://support.steampowered.com/kb_article.php?ref=6088-udxm-7214#buyordersnewlistings

:qr:

YES, I see. To understand it you have to take the condition "The oldest matching buy order will be selected." and redefine "matching" in a most irrational way. It IS broken.

it is not irrational to treat matching as all buy orders that are higher then the sellers desired price unless you want to say your own shouldn't have counted as matching because it was not the price the seller chose.

[livinghell]

Originally posted by Count_Dandyman:

Originally posted by livinghell:

YES, I see. To understand it you have to take the condition "The oldest matching buy order will be selected." and redefine "matching" in a most irrational way. It IS broken.

it is not irrational to treat matching as all buy orders that are higher then the sellers desired price unless you want to say your own shouldn't have counted as matching because it was not the price the seller chose.

)) yes i mean it. If my highest bid didnt count as the BEST matching condition on the market, then matching is defined in an irrational way OR compromised by a bot (?) buying BEFORE the item is listed on market..

[Count_Dandyman]

Originally posted by livinghell:

Originally posted by Count_Dandyman:

it is not irrational to treat matching as all buy orders that are higher then the sellers desired price unless you want to say your own shouldn't have counted as matching because it was not the price the seller chose.

)) yes i mean it. If my highest bid didnt count as the BEST matching condition on the market, then matching is defined in an irrational way OR compromised by a bot (?) buying BEFORE the item is listed on market..

It does not say the best matching order though it says the oldest matching order the only one being irrational is you for complaining about it not doing what it does not say it will do.

[livinghell]

Originally posted by Count_Dandyman:

Originally posted by livinghell:

)) yes i mean it. If my highest bid didnt count as the BEST matching condition on the market, then matching is defined in an irrational way OR compromised by a bot (?) buying BEFORE the item is listed on market..

It does not say the best matching order though it says the oldest matching order the only one being irrational is you for complaining about it not doing what it does not say it will do.

So if you offer to sell a CSGO knife for 100 € you will get a 100 € from the first bidded person offering >=100 € and not the highest bid of 500 € ?? I cant even imagine how much people sold items massively under value thinking that it behaves like ebay, concerning highest bid match.

[Count_Dandyman]

Originally posted by livinghell:

Originally posted by Count_Dandyman:

It does not say the best matching order though it says the oldest matching order the only one being irrational is you for complaining about it not doing what it does not say it will do.

So if you offer to sell a CSGO knife for 100 € you will get a 100 € from the first bidded person offering >=100 € and not the highest bid of 500 € ?? I cant even imagine how much people sold items massively under value thinking that it behaves like ebay, concerning highest bid match.

seeing as those people were told the item would sell instantly and had the option to see the highest buy order and list it at that they only have themselves to blame for putting it at a price they didn't want to get.

[Xite >X< 👁️👁 🇦🇺]

If I sell an item for 3 cents, if the average price is $2000, the person with tje oldest 3 cent bid gets it.