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==Manipulated Buy Orders== | ==Manipulated Buy Orders== | ||
The contractor will advertise a contract for several copies of the same item at an inflated price but will put in buy order at en even slightly higher price. As soon as you buy the contract the scammer | The contractor will advertise a contract for several copies of the same item at an inflated price, but will put in buy order at en even slightly higher price. As soon as you buy the contract, the scammer withdraws the buy orders. | ||
Note that since this is highly time-sensitive, requiring the scammer to constantly monitor the market and be ready to change or cancel the order at a moment's notice, it's very unlikely that people actually do these type of scams with normal buy orders. | Note that since this is highly time-sensitive, requiring the scammer to constantly monitor the market and be ready to change or cancel the order at a moment's notice, it's very unlikely that people actually do these type of scams with normal buy orders. | ||
===What you see=== | ===What you see=== | ||
A contract for several | A contract for several copies of an item. The market shows buy orders for this item at a higher price, potentially giving you net benefits if you take the contract and sell the items immediately on the market. | ||
===How it works === | ===How it works === | ||
Price example: | |||
*The scammer | * The scammer creates a contract for 3 items for a total of 500 million ISK. | ||
*The scammer also places 3 different buy orders for 200 million ISK each, | * The scammer also places 3 different buy orders for 200 million ISK each, leading you to believe you can buy and resell the contracts immediately for 100 million ISK profit. | ||
*As soon as you accept the contract the scammer | * As soon as you accept the contract, the scammer withdraws their buy orders, or they fail due to lack of ISK. If the actual market price is 100 million ISK, you have lost 200 million ISK. | ||
*Making 3 different buy orders makes | * Making 3 different buy orders makes the process of your reselling the items longer; the buy orders usually have .1 ISK difference, so a lambda will usually try to sell the items one by one. This gives the scammer more time to remove the other buy orders. Even if you manage to resell 1 of the items before the buy order is removed, you have lost 100 million ISK. | ||
===How to | ===How to recognize the scam=== | ||
* | * The contract price is suspiciously higher than current market buy order prices. | ||
*For a given item, a couple of buy order prices | * For a given item, a couple of the buy order prices have a much higher price than the others. | ||
==BPC's as BPO's== | ==BPC's as BPO's== | ||