More actions
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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 compelled to fill the buy order before the next person sees it. | 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.<br> | ||
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But this is so much more, this scam makes the scammer ISK in many ways<br> | |||
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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.<br> | |||
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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.<br> | |||
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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. <br> | |||
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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.<br> | |||
Overall this can can net the scammer hundreds of millions in an hour as many will on impulse buy up the items (only work 20k for millions) and then find they cannot fulfill the order unless they buy twenty. Then they may realize too late that the cost would be twice that of the buy order returns. Even if they complete the buy order it will be rejected as the persons alt that place the buy order does not have suffficnet funds to pay for it. | |||
===[[Can_Flipping|Can flipping]]=== | ===[[Can_Flipping|Can flipping]]=== | ||