• Twongo [she/her]@lemmy.mlOP
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      9 days ago

      valve included red skins (2nd highest tier) in trade-up contracts to get knives. (5 red skins for a knife) now undesired red skins from let’s say the butterfly case can be used to get the illusive knife. (5x 20$ skins to get a former 1000$ knife)

      knife prices dropped, cheap red skins rose in value and expensive red skins tanked.

      in general the skin market lost 2bn$

        • Belly_Beanis [he/him]@hexbear.net
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          9 days ago

          speculative investers

          I’m glad they got burned, tbh. The ranking of “things you should invest in” goes something like:

          • land
          • stocks
          • bonds
          • long-term savings & investment accounts
          • precious metals
          • currencies from different countries
          • fine art from well-known artists or notable antiques
          • literally anything that isn’t collectibles
          • no seriously…anything that isn’t comics, cards, toys, or games
          • LITERALLY ANYTHING
          • collectibles
          • crypto currency
          • NFTs
          • everything else
          • garbage
          • landfills to put your garbage in (although landfills are actually useful so they probably go above collectibles)
          • garbage even garbage people who collect garbage don’t want
          • lottery tickets and other gambling schemes
          • video game skins or items

          CS:GO and other Valve Marketplace stuff goes down there at the bottom.

    • BountifulEggnog [she/her]@hexbear.net
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      9 days ago

      I think it’s worth noting that the overall market is still valued the same as it was back in spring. Which was up from 24, up from 23, etc. This is bad for the value of the most expensive stuff, and the market as a whole has slightly corrected, but it’s still massive and probably still inflated. There’s been a bubble brewing for a while.