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we did it comrades (hexbear.net)

submitted 3 weeks ago by Twongo@lemmy.ml to c/games@hexbear.net

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[–] CharlieTheOctopus@hexbear.net 18 points 3 weeks ago (3 children)

What caused this? Is CSGO having an economy crash or something?

[–] Twongo@lemmy.ml 33 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

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$

[–] carpoftruth@hexbear.net 27 points 3 weeks ago (1 children)

How many apes can you use a slurp juice on though. I don't get it

[–] Twongo@lemmy.ml 6 points 3 weeks ago

i tried my best to explain it lmao

[–] CharlieTheOctopus@hexbear.net 21 points 3 weeks ago (2 children)

thank god, its funny how ingame currencies collapsing is actually better for the consumer in most cases and is only loudly bemoaned by speculative investers

[–] Belly_Beanis@hexbear.net 16 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

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.

[–] LaGG_3@hexbear.net 2 points 3 weeks ago

Roll garbage a few spaces up - some people get by on scrap metal and stuff like that

[–] mx_oceanwater_they_them@hexbear.net 5 points 3 weeks ago* (last edited 3 weeks ago)

Yeah but if your consumers are children playing video games, and getting dragged into this by other (older and friendgroup) advertisers, it stops being funny.

[–] BountifulEggnog@hexbear.net 7 points 3 weeks 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.