this post was submitted on 24 Oct 2025
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What caused this? Is CSGO having an economy crash or something?
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$
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
I'm glad they got burned, tbh. The ranking of "things you should invest in" goes something like:
CS:GO and other Valve Marketplace stuff goes down there at the bottom.
Roll garbage a few spaces up - some people get by on scrap metal and stuff like that
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.