Thread 61179829

>Extended functionality of the "Trade Up Contract" to allow exchanging 5 items of Covert quality

Valve just killed the cs2 market today.

How are we holding up biz?

>>61179829 (OP)
What kind of absolute faggots buy shit ass skins for a shit ass game? It's even gayer than shit coins and meme stocks.

>>61179829 (OP)
Tfw literally every single fucking market is ruined since uptober dawned upon us

>>61179835
this game and this market have been around almost as long as bitcoin

>>61179829 (OP)
who the hell treats csgo knives as securities?

>>61179861
>who the hell treats csgo knives as securities?
Twitch chat

>>61179835
You can play with them, retard

What are 4caca's opinion on the knifepocalypse? Anyone investing in anything or are (you) panic selling?
Me personally ive picked up some raisins like Desert Eagle | Conspiracy, Factory New ones, reason being that they were cheap compared to other pinks from breakout collection and the knifes in it are generally rare and probably very desirable among the retards, like factory new Night, case hardened, crimson web or fade i think.

Ugly knives are going to zero, only hobo cheaters will use them

I’m waiting til next Friday to spend a couple grand on knives just as a fun investment. Really curious to see what happens when all the knives being traded up for flood the market in 7 days, prices will go down for a couple days for sure, which is why I have my eyes set on next Friday. Not sure what this means long term tho, especially for reds. Agent prices also dipped significantly (I’m guessing people are selling en masse to buy reds and they already have a low circulating supply). Also I can’t imagine valve reintroducing previous agent skins and condomhead is a mainstay meme in CS. Picking him up for $60 is a steal

Just lost 20k in 5 hours. Yeah

>>61179829 (OP)
>funny internet money that can't be cashed out without jumping through hoops
>manipulated by china
>no inherent value
>susceptible to rugpulls
>has no real world use
btw i'm describing every crypto and skins, but at least you can use skins ingame.

>>61179867
>asking this on the digital tulips board
kek, lmfao even

>>61179829 (OP)
how does it affect crates? i still have like atleast 350 breakout cases that i bought at 3 cents each back in 2016

>>61180859
>sell
what else? It is going to crash the market either way.

>>61180859
Just hold, cases will be fine. The more of these coverts get burned to get a knife the more gambling will need to be done via cases to get more coverts for a trade up.

>>61180859
do you need the money? if not then hold. people will thank you for your sacrifice.

>>61180859
cases aint going anywhere. if anything they might get a bump now that every once-dogshit red is actually worth a shit

I have a butterfly slaughter.

Should I still sell or is it too late?

It was 3k just yesterday. Now only 1.1k .
Its over

AAAAHHHHHHHHHHHHHHHH

DO I HOLD BROS OR JUMP SHIP

>>61180947
Good, fuck China and the money laundering shit hole, I say valve just combat the Chinese and fucked them hard.

>>61179829 (OP)
Lmao it's true.

Imagine spending thousands on virtual knives just to get rug pulled by Valve

>>61180959
Verifiable random NFTs unironically solves this problem

>>61180886
>>61180917
>>61180943
Based. I am gonna hoard.

KEK this is an actual rug pull lol

Just bought a shit ton of classic flip knife skins. Im thinking that the old cases are expensive as fuck anyways to begin with and there will be more people trading up the recent reds from the newer collections rather than the older ones.

the worst consequence to all of this is not the prices of random, particular items or even entire categories like knives. the absolute worst thing about this whole thing is how it shows that valve is completely unpredictable and doesn't give a fuck OR even worse: is completely clueless about its own economy. before this update, they had a really good track record of just not fucking with the system because it worked. but maybe they just lucked into it and didnt actually design it perfectly. it felt like you could invest in the cs skins market for a decade because the game kept growing in popularity, and there were no re-releases of skins and the economy just worked well. now, we have no fucking idea what they could do next. who knows? they could make cases untradable, or re-release very rare cases because why not. or just make an ingame shop where you can straight up buy the best items (they kinda already did). they lost the trust of the community in a big way and things are not crashing because of repricing but because of a general exodus of investors who changed their mind on investing or keeping any capital in the cs market as a whole because now anything could happen any day. a new precedent was set

>>61182205
>investors are mad!!!
These are just some shitty skins. Boo hoo now people have a chance to get them too by cashing in crappy ones oh no.
Good on Valve.

Bought a lot, used some to get this and keeping the covert skins to sell in a week.

just made about 8k just market buying skins with rare sticker crafts jesus I bought a x4 dreamhack fnatic holo craft on a 10€ gun and multiple more for the last 8 hours sniping shit like crazy

>>61182329
You can take stickers off guns ?

>>61182339
no but people pay premium for rare crafts I can sell that gun for 300 or 400 easy

>>61182343
I don't get it

>>61182343
but you could have done that before the patch aswell? what am i missing

>>61182329
Here's hoping you're not catching falling knives. The new item trade bans wear off in exactly a week. if its gonna hard crash, it will be then

>>61182543
there's no 7 day trade ban

>>61182559
All the newly crafted knifes have a trade delay, dont they? When those can all be sold at once, the market could crash. valve has never done anything like this before. id be fearful, not greedy

>>61179829 (OP)
Giving 0 fucks and looking to take up a large pool of those 10k Core and Houdini offer

>>61182580
ah, i just read that if the skins used in the trade up are not trade banned, then the knife won't be either.

But it will be trade banned if any of the skins used had an existing trade ban on them

>>61182594
Everyone's buying reds for cheap to trade up, so yeah, I think next week will be brutal.

>>61182580
The market will severely crash next week unless Valve do something drastic, and quick. But that would mean the largest video game economy powerhouse in the world doesn't even know basic ecoomics works, or doesn't care.

>>61182652
definitely, imo legacy knives will be the least affected, but the dopplers and all the newest gloves/knives will be fucked lol.

How can a poorfag like me take advantage of the currently fucked skin market?

>>61182329
where are you buying from? i wanna get in this market but its confusing as fk. i used to trade tf2 shit like 2 decades ago

I am genuinely flabbergasted that anyone on the planet would pay even a cent for a videogame skin, much less invest so much money into them.

Did everyone just forget the 2000's when you'd download a ton of skins for free from FPSbanana or ModDB? Why the fuck are they paying cash for that now?

>>61185180
>Did everyone forget you can make your own blockchain? Who need crypto?
>Did everyone forget you can paint rocks gold?? who needs gold

you're not as smart as you think you are

>>61185193
>>Did everyone forget you can paint rocks gold?? who needs gold

Honestly it's a good thing. Red skins were utterly useless.

Solid advice: if you have anything left, buy the dip.
Market is already recovering. If you sell stuff shittier skins just ahead of the 29/30 Oct you can score yourself some cheap knives.
Or you can just hoard cases lmao

>>61186528
Meant for >>61184730
Honestly just buy cases.

>>61182329
>>61182339
new update just dropped

>>61185180
because its profitable to do so? im not really sure what point you're making other than admitting you missed a 6 year skin bullrun lol...

>>61186534
who's going to open your cases when the gold in it is 50 bucks each? thank for the exit liquidity thoughbeit.

>>61187315
>>61187336
That's the M4A1-S | Blue Phosphor. A few days ago it was worth $1150 FN. Now it costs $850. 12 months ago it was worth $500. Four years ago it was worth $100.

Do you know how retarded you sound? You're memeing over an x post meant for engagement. He only "lost" 3 months of floating profits...

>>61187368
you are laughing.
chinese students are jumping of buildings and you are laughing.

>>61187454
not surprised, it's over for cs investing in general so if you had a lot of money in it it can be really depressing

>>61179829 (OP)
so this is the black swan /biz/ kept talking about... impressive...

>>61187454
Good, all the china money laundering, wiped out, call it market correction.

Don't give a shit about skins and the chinks farming them, I'm just playing retakes and having fun.

>>61179829 (OP)
figure i'll repost this here, but headline for the update is >1 week's worth of unboxed knives is poised to hit the market a week after the update
>AWP chromatic abberation
32,986 skins sold
6,597 new knives
>MP7 bloodsport
24,676 skins sold
4,935 new knives
>AK Nightwish
60,144 skins sold
6,014 new knives
>AK Legion of anubis
37,523 skins sold
7,504 new knives
>MP9 Starlight Protector
43,237 skins sold
8,647 new knives

Grand total:
216,970 reds erased from existence
33,697 knives ready to hit the market over the 24 hours following 6 days, 13 hours 38 minutes, & 19 seconds from now

imagine not having a bullet proof inventory lmaoooooooo

>>61182669
are you terminally retarded?
valve knows exactly how economics and markets work
they did this entire thing because it makes them more money

it's so ironic people like you post without understanding anything and end up looking like a fucking retard

Me and the homies saw this coming and liquidated we about to control the ruby and saphire market

>>61186534
dumb af
>>61184730
don't, game is dead

t. 20+ year old steam acc

>>61188325
What do you hold? It's very item dependent so there will be stuff not hit as hard or pulled back to pre-pump levels. I'm fortunate to have bought early and diversified. Sucks for people who've accumulated in the past 1 - 2 years.

They should make it so every item can be crafted in game for 1$.

As someone who doesn't play CS2 I agree with valve on this update because I heard the game has NFTs, gambling and market manipulation and those things are bad. So I'm glad investors lost their money and I'm glad everyone can get low supply + high demand skins for cheap now instead of the low demand + high supply that were already cheap. It's not fair that the poor are forced to play with low demand + high supply skins that nobody wants. All skins should be cheap.

more like tulip bulb general lmaoooo

>>61180663
>Also I can’t imagine valve reintroducing previous agent skins
rofl
they just made the rarest items that were the basis of skins economy obtainable by trade ups but you "can't imagine" them release something that was already in the game before (factions)

>>61179829 (OP)
Buy CSGO CASE. There's nothing else better now! Gambler wont stop gambling!

>>61188754
wholesome comment

>>61188434
>1,218,585 players now
Pretty dead
t. played it before steam existed

>>61192249
bad faith or ignorant

call it

>>61192258
clearly not dead lmfao, only thing that's dead are some of the chinese investors

>>61192269
the market is dead and it's never going to recover from this

this is /biz/ you don't have to bait and pretend you don't understand what market faith is

>>61192277
You have no idea what you're talking about if you genuinely think that this kills the game.

>>61192295
bro has been on steam for 3 years

>>61192295
cs2 is in a terrible state

>>61192295
Most of the CS numbers are case farming bots and the ENTIRE esports aspect is funded and propped up by shady gambling sites and 3rd party markets.

>>61192952
which all still exist. There is essentially maximum 1.5x extra supply for knives, thats fucking nothing

all of you people screaming about this being the end of CS2 are gonna end up forgetting about this update in a week and go back to playing the game i guarantee it.

bump.
want to hear more stories about this crash.