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Uhh.................. No, I don't think this is allowed, although I highly doubt Valve would trade ban you for it?
LMFAO. This is hilarious! Are we trading snatched panties on Steam now?
:p
"Sharking" won't get you banned. If you both agree to an offer, no matter who gets the better value from it, it's a fair trade. Just don't deceive. Unless sharking by definition includes deceiving. In that case, I still haven't seen anyone banned from Steam for it. You obviously shouldn't do it anyway.
Well, if you are actively lieing to people about your trading, that is pretty much the definition of scamming. Enough people start reporting you for dishonest trading and you will probably get a Trade Ban.
http://www.polygon.com/features/2014/5/22/5590070/steam-valve-item-trading
Going by that, sharking, while a mean thing to do, is not something I think they would ban for. As others have said, it will cause a bad reputation and can effect future trades. There are also sites that "ban" people who use them for sharking.
Enough reports, however, and people will receive a notice, when you are trading with them, stating that you could potentially be a scammer. While Valve is still unlikely trade ban for it, they won't remove the warning either (it will go away after a few weeks).
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My personal opinion on the matter is that "sharking" doesn't really exist as a scam as it happens in real life on a daily basis. Car dealerships, audio/video retailers, ect; do this with every customer they can do it to.
As with anything, knowledge is needed before making any transaction, especially if it is a good for goods transaction.
There is also the "What is it worth to you?" aspect of a trade/deal. Is what you are giving them worth more or less to you, then what you are getting? Should you trade those skins you are not using for that hat you really want? It is an important question everyone should ask themselves before making any trade.
Any more than when I go to the flea market and buy a #1 mint condition Superman comic for $50 from a guy who gave it to me 'for free' for buying some other piece of junk from his stand. We both know what we are getting and giving away. We agree on the price. Transaction completed. While I may have come away from the deal a zillion bucks richer, I did nothing illegal. We conducted a transaction and both sides agreed to the 'fair' value of the trade.
Also there is the part of 'value' is relative. Maybe this weird TF2 nick nack is worth $50. But yeah I really don't want to spend the time haggling on TF2 outpost while a MILLION PEOPLE want to get this thing off of me trying to friend me constantly. Maybe I jsut say "Screw it, take it for $30" I may know the value of the item but the $20 is me saying "I could waste my time trying to get taht, or I can dump it for $30 and do something more worthwhile and fun with my time".
Same on Steam Trades. You may argue the ethics. But the act itself is not bannable. Maximization of arbitage is the very basis of what the Steam Trade system is based upon.