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===The drunken buy order=== | ===The drunken buy order=== | ||
The drunken buy order is a very cleverly constructed multiple layered scam, so called because it is often announced in local that a player must have been drunk when they | The drunken buy order is a very cleverly constructed multiple layered scam, so called because it is often announced in local that a player must have been drunk when they placed a buy order. | ||
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<u>It's a Trap</u><br> | <u>It's a Trap</u><br> | ||
The scammer announces in a local channel that a player must have been drunk when they put up | The scammer announces in a local channel that a player must have been drunk when they put up their buy order and invites you to check it out with a link to the item being sold. At first glance it seems that a player has put up a buy order for items with a price a great deal higher than the sell price of the product.<br> | ||
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<u>How it works</u><br> | <u>How it works</u><br> | ||
Greed and instant riches (if you are quicker than others), are the primary mechanisms that they are triggering. Its the speed and greed that makes this work so very well, when the player checks out the buy order they will at first glance see it is offering to pay ten times the sale price of the item. Seeing the instant opportunity for increasing your ISK balance by ten or more times they can feel | Greed and instant riches (if you are quicker than others), are the primary mechanisms that they are triggering. Its the speed and greed that makes this work so very well, when the player checks out the buy order they will at first glance see it is offering to pay ten times the sale price of the item. Seeing the instant opportunity for increasing your ISK balance by ten or more times they can feel compelled to fill the buy order before the next person sees it. | ||
But this is so much more, this scam makes the scammer ISK in many ways | |||
Firstly they buy up a not to well known item that there are not to many of in a region that is for example priced at 20,000 ISK Each, then put them back up for sale in number of carefully quantified and varied prices averaging 2 million each. | |||
Secondly they put up they put up a few buy orders, some very low at 20,000 ISK Each then the drunken one offering 20 million each. | |||
Thirdly they train "Margin Trading" and use this trick yourself. (Ability to make potentially risky investments work in your favor. Each level of skill reduces the percentage of ISK placed in market escrow when entering buy orders.) This is so any buy orders can be canceled if the player who made the order does not have sufficient funds to complete the buy order. | |||
This trick is that if you expand your market window horizontally, you will see the the the drunken one offering 20 million each requires a minimum of 20 are required, which means you would have to spend an average 40 million to fill it. | |||
===[[Can_Flipping|Can flipping]]=== | ===[[Can_Flipping|Can flipping]]=== | ||