>>724045059
No you don't have it right, and neither do 99% of the retards on this website.
It's very simple, Valve introduced skins to the game. You get skins by playing the game. They sometimes drop at the end, or you get a case. A case has a set of unique skins of varying rarity (blue, purple, pink, red, etc.) and a special rare knife. $2.50 to open.
With the gun skins, you could take 10 of the same rarity and convert them into 1 skin of the next rarity. But you could not convert the red skins into anything.
Knives could only be unboxed, very rare. Certain knives with certain patterns are especially rare.
Now after 12 years, Valve made it so you can trade up 5 red skins for a knife. This has caused knife prices to crash as many people can craft the previously very rare items.
You can either sell or buy skins on the Steam Market, but you can also to the same on third party websites for real money. I used to trade back in 2013, made thousand in real money. It's very safe and easy to cash out, especially now.
If I'd kept some of the skins that I had back then, they would have been worth many 10s of thousands of dollars today.
So the reason why this is big news is because seemingly out of nowhere, a stable 12 year old market that has seen insane growth each year was just tipped on it's head.
People that are happy about this are just coping to make their shitty lives seem better (it's not).
I haven't been into CS trading for about 12 years now, so this doesn't affect me. I had no knives in my inventory, just a few skins (that I paid $0 for) worth about $4k appreciating in my inventory.
I find this interesting more than anything.
