>>723949268
I don't feel bad for people who invested a zillion dollars into skins and ruined the market for people who just want to see cool art on their guns.

What did gabe do now?

>>723949268
are chinks going to stand in front of tanks again?

>>723949268
>>723949319
What happen

>>723949938
knives can be collected from tradeup contracts now

>>723949547
You can trade up gun skins for knives/gloves now I think

>>723949938
New update makes reds trade up able to knives meaning even 1€ reds nobody wanted are now worth something

so knives are effectively worthless now?

>gambling is....gambling?

>>723950051
10 million knives were crafted since the update, next week they will all be tradeable/marketable. You do the math

>>723950051
Yea and no

>>723950158
>10 million knives were crafted since the update
Source? Like genuinely.

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laughing at all the foreigners that are losing all their money

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He's literally genociding us or something

People should stop taking virtual hats so seriously

>>723949268
Millions of Russians lost their life savings and your laughing?

great. i had a ton of crates i got from playing that were constantly inclining, now they are all crashing. fucking thanks you stupid fucker.

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keking at staxx so hard.

What were knives even going for

>>723949268
did he do this because he personally has a big knife collection? i seem to remember him having one

>>723950680
absurd amounts of money. the highest tier would regularly sell for 2k+

First time I'm hearing, that CS knife trading and hoarding is big in China

>>723950713
>2k+
there were 5k knives last i gived a fuck about csgo

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>>723950680
>>723950713
>>723950841

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>all the chinks on xitter coming out of the woodwork imploring a corporation to revert the update with sob stories
Thanks Gabe

Mass chink/zigger suicide?

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>>723950886
Start posting some lmao

>>723950886
Post'em

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people treating a video game like a /biz/fag NFT slop simulator deserved this if not worse

I know some people were using this for money laundering. I wonder how much money was lost.

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>>723950960
>>723950987

feels like 2015 again with $50 knives

>>723951130
>3min ago
>rope avatar
I'm not buying that this isn't you trolling anon

>>723951137
>it's for the skin I like
>skin loses value, suddenly doesn't like the game
but I thought he liked the skin?

>>723951137
lmao dumb kid, that's what you get for larping as a stock broker on a fake money market. i bet this motherfucker felt like patrick bateman after investing all his money in stupid pixels.

>>723951130
Of course it's reddit

Might redownload CS2 and show support
Still using default skins and raping the lobby because painted shit looks gay

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>>723951182
nah its just moving that fast

>>723950208
Ya source engine

Did people legitimately stake their life saving on this shit? What the fuck?
I just casually collected the weekly crate drops and sold a bunch every now and then when I needed steam bux.

>>723951314
a bunch of cryptotards jumped ship to cs after they saw how "stable" it was

>>723951307
Video game btw

Haven is killing last of Russian foreign currency reserves, lmao

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Elon and China are behind this.

>>723951314
Cryptobros noticed that instead of shilling the next big nft collecting that'll rug pull them whole comparing them to csgo skins, they could just literally buy csgo skins and have been using them as a faux stock market

>used to install random skins for fun
>servers would customize things sometimes and give you new skins
>everyone enjoyed it
>now people act like it's super serious and are upset and angry over what is a video game weapon that looks a little different

>>723951509
Guarantee next week he's opening thousands of cases to trade up all the way to knives

I invested my daughter's college fund not 2 weeks ago in CS knives. Now their value just dropped 70% and it seems like it's going to keep dropping.

What am I supposed to tell her? How can I break it to her that she can't go to college now?

>>723951509
>opening an expensive knife was special
>the company only cares about money
the lack of self awareness is sad

>>723951137
YOUR MOM DEAD FUCK YOU

Blue gem AKs are still up and up btw

Knifecucks seething

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>>723951626
fuck forgot to attach pic

>>723950886
One of the artists I follow on xitter got all shitty and threatened to report valve over it lmao. I don't know what people think knives are supposed to be but they aren't securities.

>>723951626
>>723951654
fucking kek
>MOM GO BOOM!!

>>723951540
People "invested" in skins. I can only assume they probably sold them to third party websites for real money.

the market is not dead, just flipped. time to invest in reds (actually the best time was hours ago, but you will profit in 7 days)

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Holy shit based. I hated the state of cs2 and skincels with a passion so I'm really glad to see this change.
I doubt that this will impact the prices too hard though. Maybe slash the value of knives for the first year by around 1/4 before all the chinkpajeetbots get enough drops to trade up to craft one. But here's hoping Valve wont back out of this because the pushback is gonna bee MASSIVE

So this doesnt affect me but..
these kind of artificial fantasy markets are made to SEEM like they have sufficient stability over time to invest...
then the devs just randomly rugpull and alter the whole reality once in a while and pretend like it's all good??
It's pure sick griefing they must be getting off on it, that's all this update does it's sadistic even if you dont care for the traders

hard to imagine there's not some insider trading going on aswell desu. I don't care but I wouldn't put it past the government to regulate online economies like this if they're big enough cause it's perfect for extracting ez money like that

At least you know with crypto if it crashes it's natural or coordinated externally, not the dev going in and fucking with the code on the fly. like this is just unnatural people are not built to expect things to be this volatile when the market cap is in the billions like wtf

>>723951761
Most Valve employees are millionaires lmao.

>>723951761
With the way this was written I was expecting to see the Artifact pasta.

>>723951791
It's not insider trading, valve has been overhauling the crate/skin system for a while now to navigate around EU regulations.

>>723950384
>playing game for skins
>don't even enjoy the skins themself just the value they hold
What a sad people lmao, this is just pathetic.

>>723951850
lmao

Pretty based of valve

>>723951791
it makes sense. they make profit from every microtransaction on the market. horders made them lose money, so now that reds will flood the market they are actually pumping up the economy.

>>723951654
Why is that such a common saying anyway? For a non-Chinese it doesn't even register as an insult, you just think "No, she's not" and that's that.

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>>723951708
This one is not taking it very well

imagine the seething the people who have buy orders for knives are going to wake up to

>>723951791
>>723951902
Valve also introduced an extra grinder to cull skins in the market. However, the consequence of this is because knives can't be traded up their previously lauded artificial scarcity is gonna get challenged.

>>723951761
Good bye bing bang bong ivan vladimir xi.

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Remembering some years back when some TF2 crate always gave unusuals and retards who used unusuals as a financial investment started crying.

>>723951954
>Let's see if anyone will still X and Y in the future
addicts and criminals always say this lol

what's the death toll going to be from this?

>>723952157
the chinese century has been cut short

Winner here because was never involved in such trash hobby.

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>>723949268
You mean he crashed third party market to keep more money for himself?

I applaud their tenacity. It takes guts to crash a billion dollar market, just to make a couple of millions down the road.

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>dogshit reds that were selling for 2 bucks are now selling for 40 bucks overnight
this is insanity lol. i wish i had some

csgo and dota 2 ruined valve
I'm glad that fans of both now suffer the consequences of their blind simping for a corporation

>>723949268
Now they just need to make it so you can buy an item to remove and transfer stickers

Trump ordered Valve to do it to crash russia/china economy. It's actually working.

>>723949268
They are fucking with CS because they deeply hate it.
I would bet a lot of money that they are about to release the first public version of Deadlock very soon.

https://www.youtube.com/watch?v=WaXvbkjn-RA
Here we go again

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>>723952157
billions of chinks

>>723952343
>fans of both now suffer the consequences of their blind simping for a corporation
Fans of cs are happy because their reds just shot up in value, non-fan crypto tards are the only ones affected

this is like the rape of nanking all over again

>>723952343
People who play the game benefit from it, though. It's quite literally the traders who get fucked raw. Prices for some knives like Butterfly and Karambit were fucking outrageous.

>>723951902
Alright but that's all predicated on the fact that valve gets full authority over the market.

Imagine you made a game with an item system, and somehow people invested billions of dollars into it based on the fair assumption that you wont radically change anything especially if you haven't in the past.
sure, it's all technically fake assets and you have the right to control your game, but at that point with so many peoples money on the line doesn't it become ethically questionable to use your control recklessly like this, or for your own gain. even just legally speaking. It feels like something the law will catch up to, or maybe not because it still carries the connotation of being unserious because video game.
Yeah you can say it's fair and they should've known better, but that doesn't make it feel fair. The freakouts over this are going to be real and very serious but I guess it's typical for people to take enjoyment from anyones demise but their own

I lost a few hundred bones on my knife and gloves but made it back on my reds (I actually own my skins to play with them).
I was really fucking pissed when gloves from the first collection started exploding in price half a year ago and I got priced out of some very cool ones, I already got bored of my old ones and wanted a new pair.
Maybe now I'll once again be able to afford them.

>>723952650
>and somehow people invested billions of dollars into it
on third party sites
>based on the fair assumption that you wont radically change anything
not a fair assumption

It baffles me that people think "investing" in anything like this is EVER a safe bet. And that's coming from someone that has boughtered some tf2 hats I thought were neat in the past. Some went up in value since and others went down, but I don't give a shit as I got them because I WANTED them and still use them.
Makes me wonder if Valve will semi-slutsquat to knife speculators for forgiveness like they did with the "crate depression" hats in tf2, keep me posted.

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>tfw put all my investment into buying crates
unaffected and still free money year on year

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>>723949268
Crashing this market...with no survivors!

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>>723952650
>doesn't make it feel fair
pic rel

>>723952650
Nigger historically we have had real life valuable commodities that people invest into crash harder. Bitching that made up pixels in a digital ecosystem for a game was a good investment is downright retarded unless you are some desperate chinkbot farmer

>>723953113
HOLY FUCK LMAO

>>723953113
-2 billion in two weeks

AIIIEEEEEEEEEEEE

>>723949268
BASED. FUCK TRADEFAGS AND SKINSHITTERS

>>723953113
>CS2 market cap was at over five fucking BILLION
Holy shit I hope it crashes and burns even harder. Fucking retarded jew scheming shit

>>723950158
>next week they will all be tradeable/marketable
they already are

>>723950384
>they killed the game because they made cosmetics accessible
LOL
LMAO

holy based. i knelt

KNIVES ARE FOR COSMETIC NOT FOR SPECULATION

>>723952650
>fair assumption that you wont radically change anything especially if you haven't in the past
Not a fair assumption. Since valve already went trough multiple larger changes throughout the years. Not only that, most of this gambling and speculation is done on 3rd party sites, so off steam.

why are people calling it a scam?

I assumed there would be a /biz/ thread and I was right. lmao.
People are really mad about this.

>>723949268
thank you comrade gaben

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>>723953113
Gabe absolute madman

seriously some of these expensive knives were getting pretty embarrassing to look at with the old gen animations and textures, i understand valve trying to phase them out. maybe karambit's flipping animation made 10-year-olds experience their first dry orgasm in 2012, but now it doesn't look like a few thousand bucks worth of microtransaction value.

>>723952935
Well the skins are worth what people are willing to pay, and valve controls them and all avenues but direct trading. yea a lot of the money making is third party but they're clearly making ridiculous amounts themselves and benefit from the overall growth of the economy
Its not fullproof but a fair assumption because everything would be dirt cheap without significant trust. Valve also knows this and it's why the skins aren't worthless even though they easily could be. there's no reason to believe otherwise, all their behaviour looks like gradual attempts to add to the whole system over time, not rework earlier foundations like this. there is technically no promise sure, but that would then close off their options as a developer, so it's not that simple to just say that. but it's rational to keep the economy stable for their own profit

Can I just make a knife now and sell it to some retard who has a buy order for thousands of euros?

Isnt this just them taking the overvalued knives and spreading their speculated value to slread it across all the other items

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>>723952650
>fair assumption
valve literally bans RMT and gambling. It's all hidden away on third party sites. If you didn't think they'd assfuck you sooner or later you're delusional
It's one thing if you're speculating on beanie babies or tulip bulbs, at least those were physical goods with a theoretical limit on supply. This is digital shit. Valve could have an event tomorrow that gives out infinite free knives. They could also delete all inventories at will or disable trading. there is no "fair assumption" of anything.
Scalpers took a gamble, lost, and now they're salty because they're holding the bag. Same way every investment can go. That's why you're able to make money at all, because you're assuming a risk. If there was no risk it wouldn't be profitable. It's all musical chairs and the music happened to stop today, instead of next week or next year.

>>723953646
not exactly, people will start undercutting each other because there are countless reds out there. the knives was what held the economy together.

>>723953574
that ship sailed within like an hour of the update. all the reds that were up for autosale are bought up too

>>723953727
How? Genuine question.

>>723953769
for little jimmy or little ivan it was the unattainable wish to own a knife. it was the endgame of csgo. now that he has a knife he loses interest in "investing" or using his mum's credit card

>>723953742
Damn crazy. I just looked at the price charts for some knives and it's all down like 80% lmao

>>723952862
Wait a minute... StatTrak reds are far rarer and more expensive...
AND THEY LAUGHED AT ME WHEN I BOUGHT A STATTRAK KNIFE, KEK

>>723953572
7/10 bait you've gotten multiple people to reply several times

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>>723953781

Why is a substantial portion of these peoples wealth in video game skins? What the fuck were they thinking?

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>>723949268
Have chinks never heard of 2008 ?

>>723949268
i never really found cs go or whatever it's called today appealing as an idea due to the cosmetics trade shit but i might give it a go now

>>723953946
c'mon bro it was just 6 billion dollars market cap value

>>723953946
Terminally online people who spend their whole lives on counter strike

>>723954083
Back when I was a terminally online CS player I got my skins for free on fpsbanana

>>723954021
the market cap is almost 4 billion now. way to lose 2 billion in span of what 8 to 9 hours?

>>723953572
The only thing Valve provides is a optional gacha in a free game for skins worth $0. (Reminder you cannot cash out on Steam)

Your entire "economy" is hosted on shady russian/chinese sites and all of the supposed value is what they tell you it's worth and now they're telling you it's worth nothing. Not Valves problem you got involved with that shit.

>>723954173
KINO

>>723954173
Anyone involved deserved it by thinking they can get filthy rich from manipulating virtual skins

>>723953667
>This is digital shit. Valve could have an event tomorrow that gives out infinite free knives. They could also delete all inventories at will or disable trading.
yes this is technically possible and the most extreme version of what just happened, but nobody would really expect it. if all skins were suddenly deleted the fallout would be terrible and theres good reasons to criticise it or this kinda mini version of it

the problem comes down to just the amount of money and how many people are seriously affected. because it's all online and impersonalized it seems less serious but the skins are treated like real assets anyway or nobody would ever spend 10k on a knife.

of course if you ask anyone who had invested their money in knives if they considered the potential volatility, they would probably say yes for such an investment. but it's still a totally random crash that didn't really need to happen, so it's gonna feel worse.
Lastly for physical collectibles I don't think there are barely any people who have had their savings invested in like beanies or pokemon cards or something, the scale of it is just completely different, and yes them being physical gives them tangible value also.
but it remains that this is a digital economy that is made to feel like it has stability, so I don't think it's fair to just say you should have known better. it's unprecedented and also inhuman to expect everyone to just completely recategorize it in their minds when the items are still worth millions

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>>723949938
Valve gave a lessons in civics for millions of people for why it's not smart to have your wealth locked in something the issuer controls.

>>723950028
How common are "reds"?
Seems like there was an opportunity to just pump the value of them instead of tanking knife value.

people were already losing money to trade scams and bots and valve did nothing to rectify that. they stopped duping lost items years ago.

>people actually invest their money in fucking cs skins
This is even dumber than investing in funny internet "money", holy shit

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Wake the fuck up you German fag.
I don't watch streamers but I really want to see his reaction

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>medic!
>he bought ze knife?
>дa.
>doomp eet!

>>723954330
that swedish retard anomaly probably hanged himself already

>>723954248
Nearly as rare as knives both are under 1% odds of receiving

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>>723954382
>Nearly as rare as knives
there were $1 reds before this update

>>723954173
This is a good thing

I don't keep up with this cancer, Is it possible to short knives?

>>723954439
Yeah well, now you gonna get fucked on just buying reds to fill out all your skins cheaply but the knife is more feasible to get now.
They will probably equalize in a weird way after a lot of skins get burned

Damn the first day in like 100 I decide to get some good sleep and this shit rolls out. Now even the cheapest reds are too expensive and cant roll a tradeup. Maybe knives will get cheaper

>>723954439
Ugly skins don't sell no matter how rare.

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>CS:S fags can now get the best knife in the game for a reasonable price
Still waiting for $150 prices.

>>723954439
tf2 also has sub 1% reds and a lot of them are worth less than the cheapest unusuals which are actually more common

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the prices for all skins are dropping. it's a literal bubble burst lmao
>>723954583
>Maybe knives will get cheaper
that is guaranteed. the prices will drop for the next months as more and more knives are traded up

>>723954667
Or I could just continue playing the better game

>>723954667
$1 would be a reasonable price

Actually based as fuck from valve. Even the cheapest FN dopplers should still be maximum 60 euros. No sane human should spend more than that on virtual pixels.

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I'm still mad.
Are there any other decently fun games with trading that aren't koreaslop mmos?

>>723954692
not comparable to csgo. there were kids that would gladly trade their whole inventory for a knife, any knife. you look all the time at your knife in this game and they made the defualt knives bad on purpose. in comparison, owning something like the burly beast in tf2 is more fun than a cheap unusual.

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>>723954243
>I don't think there are barely any people who have had their savings invested in like beanies or pokemon cards or something,
Yes, yes there was. They were split up in divorce proceedings. People killed themselves from losses in speculating over dumbass toys. This is the same thing but even worse, because it's digital so it's not even real. It's like dumping your savings into NFTs. Absolutely braindead, but if you cash out quick enough it's no harm done.

it never made any sense, you and others were tricked into believing it made sense, because there was the potential for profit. It could be LITERALLY anything, it could be pictures of bored monkeys or promissory notes redeemable for property in the afterlife. it's speculation, pure and simple. The value was pumped to 6b market cap because the investors believed the value would keep pumping more. The "reasonable assumption" is that it will crash eventually and someone will be the bagholder in the end. You're gambling on that not happening before you cash out. In this case it didn't

> this is a digital economy that is made to feel like it has stability
No it's not. It's tradeable vidya cosmetics. They weren't invented to be exchanged for real life money or gambled on. They're to be "sold" for play money you spend at the counter like chuck-e-cheese tickets. Valve can assfuck the RMT economy six ways to sunday and just laugh because they didn't make that economy. the "value" of the items was invented by speculators who now have to lie in the grave they dug themselves, rip in piss

honestly this feels like a separate gamer audience getting hoodwinked by the same lessons crypto traders learned, getting tricked into thinking THEIR .jpeg has Real Value[tm] and being shocked when the rugpull comes

>>723954243
>I don't think there are barely any people who have had their savings invested in like beanies or pokemon cards or something
in chinkland their government has strict regulations and heavy taxes or something. even with crypto they have problems i believe, putting their money in CS2 skins made sense because they'd have no issues whatsoever, its also why the economy was so heavily inflated, chinks would spend thousands of dollars into skins and just save them for a while, then later dump them. even some of my skins rose like 200% for some short time. people did have their actual life savings into this game

>>723954198
This. My interaction with the CS market is selling crates I have one the steam market and buying DLC or small games or whatever.

>>723954246
I see that fucking Domitian bump

>>723953113
>mfw when it was 6b hours ago
brutal holy fuck

>>723954839
>Yes, yes there was.
didn't say there were none, the scale of it is just much less so it's not as bothersome. on the other hand, clearly a ton of people are invested into one of the biggest game economies there is, it's serious business. esports, gambling etc also involved giving it more projected value, it's like a real ecosystem.
>No it's not.
idk it seems plainly obvious that it's emulating a real market. there's barely any introduced chaos at all
>honestly this feels like a separate gamer audience getting hoodwinked by the same lessons crypto traders learned
There different is that the dynamics of crypto are known. You have guaranteed ownership and you know any rise or fall is the result of quite well understood market mechanics, manipulated or not

>>723954731
based valorant chad

>>723950158
how about they get a job at a factory and craft real knives for a paycheck

>>723949983
Only current ones or old too?

>>723954950
>people did have their actual life savings into this game
yeah and i have some actual consideration for the gravity of that. maybe some people that were already rich invested and aren't fundamentally affected too badly, but for some it's not a throwaway thing

>>723949547
He crashed skins market by allowing to get knives from trading in skins, and now gambling addicts with e-celebs and special snowflakes are going to seethe like hell broke loose.

>>723954816
i don't get it

>>723955492
You dump bunch of red rarity skins for chance to get a knife. Before this, you only could get knife by being lucky in case rolls or by buying directly from market.

>>723955505
>yeah and i have some actual consideration for the gravity of that.
I wouldn't. They will scrounge up some more money and lose it again somewhere else. A fool and his money are soon parted.

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>>723951137
Dumbfucks like him get what they fucking deserve. Spit on cunts like him and laugh hard. I fucking hope all shitheads like Anomaly end up hanging themselves.

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Imagine being Gabe and watching wannabe wolfs of wall street seethe and rage over the "crash" of a "market" with a total cap less than your personal net worth, lmao
Gaben could personally buy out the entire CS2 market at double the asking price, and still have more money than your entire family ever made in their entire lives combined, going back three generations
This is the kind of premium deluxe seethe even money can't buy, bravo gaben

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>>723949268
This is just a repeat of Valve crashing the trading card market on purpose with first craftable cards and then the points store making them redundant entirely. Used to be you could sell an animu card set for like 20 bucks, now it's like 5 cents a card.

It's 100% on purpose, that's definitely Valve's way of telling everyone they've had enough of a market existing under their nose. The mystery is what the skins market did to piss them off, I know they were tired of ruskies gaming the trading market - but I thought all the skins gambling stuff blew over ages ago. Might've just taken a while for them to implement the crash.
Pic unrelated.

>>723954667
I'll not play CS until I get my dream knife.

>>723955640
this market is as real as any market. your stonks aren't any different

>>723955767
when everyone starts dumping the first wave of knives on the 30th/31st, they're going to be way fucking cheaper lmao

>>723955458
He meant CSS

what's the play right now?

>>723955676
>The mystery is what the skins market did to piss them off
Probably the annual post on reddit condemning Valve for running casinos that prey on children. Valve doesn't actually do that but reddit/twitter doesn't care. Valve at this point doesn't need CS/DoTA markets and is probably rolling out a slow process that kills all the gambling sites by making everything worthless.

>>723955949
I'd sell all knives and covert skins

>>723955613
Usually. I think almost everyone could take this well if knives but went down by half or something but feels like valve didn't calibrate it right.
Not to mention the amount of people making bank off holding reds, are they fools then too? it's not like they were betting on this happening lol maybe they are

>>723955949
Dota 2,what else?

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>>723955949

You guys think reds will keep on rising in price? My FT red went to 28 euros and im thinking of holding

>>723956378
I think both reds and knives are going to go down in price

>>723956378
They're already starting to drop on SCM.

>>723956378
once the prices of the knives start dropping, previously useless reds will also start dropping

>>723951795
classic millionaires, never want to make more money

>>723951761
>This company is not at all placing such an change to public debate
What did he mean by this?

>>723956025
>Valve at this point doesn't need CS/DoTA markets
I don't think they ever really needed it, but margins must've really dropped for Valve to axe them entirely, it was just free money for them printing itself. I assume they were getting a nice cut on every transaction.

But I suppose those casino exposes must've been pissing them off something fierce.

>>723953113
Kino.

>>723956025
>>723956814
The CS2 market cap was getting fuckibg ridiculous

They probably realized they needed to kneecap it now

>>723953113
Fucking beautiful

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NOOOOOOOO MY NFT- i mean weapon skins!

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>>723956865
The EU is proposing banning lootboxes outright and Valve is probably trying to get ahead of the curve. They can say Genesis Terminals aren't ackshaully lootboxes because you don't have to spend money to open them, only to buy the weapon.

Also as >>723956025 said, they're probably sick of self-righteous redditors huffing their own farts whenever they say Valve is le evil for le child casino.

>>723953113
I wonder if TF2fags are panic selling their unusuals considering that they're probably next on the chopping block since Valve is willing to pull shit like this one their largest cashcow (besides steam)

>>723957096
I pray I get to sell my cases before this goes through

>>723956378
next week everyone will sell their crappy knives and try their luck again with reds.

>>723955676
That drawing is great.
Are the rest of the illustrations as good?

>>723957096
I dont think Valve cares that much about reddit posts

But they do fucking hate all the money laundering and absurd millionaire to millionaire under the table dealings using CS skins as transactions

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>>723957320
Just pulled it at random from Kozaki's art book.
I would say he's all over the place, absolute blunderbuss in quality, but all his work for No More Heroes is worth a look at least, he nailed that.

>>723957368
it's not reddit it's who might read the reddit post and do something about it. If the right conditions happened they could be knee deep in a scandal and get congress on their ass for their "child gambling ring"

Steam is the golden goose and there's probably people at Valve questioning why they're still running this bullshit side business every time they see those negative kotaku articles and reddit posts about le children spending their life savings into CS knives.

>>723956865
>The CS2 market cap was getting fuckibg ridiculous
6 billion dollar marketcap and retards treating it like an investment is just asking for a government crack down and regulation especially in the EU. I think Valve considers it more trouble than its worth now.

>>723957368
>But they do fucking hate all the money laundering and absurd millionaire to millionaire under the table dealings using CS skins as transactions
I thought you couldn't "cash out" on sold skins, you can't really withdraw money from Steam, can you? Thought it all just went to the account to be spent on games one way or the other.
And if there's some convoluted way to siphon the money - uploading a $500 game yourself and repeatedly buying it with skin money - Valve would be taking such a monstrous cut while being tax compliant I really doubt they'd do anything but encourage it.

It'd be EU legislature and bad press that would clamp down on this, money launderers are just free cash for a side business, prop up the value of everything while being minimally intrusive. Art galleries got that down centuries ago.

>>723957680
You cant cash out on any steam money. Once you put 5 euros in the steam wallet, you cant get it back to real life money. The catch is people go through gambling and other 3rd party sites to sell it for real life money

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>>723957526
>children spending their life savings
oh no. Timmy spent his life savings ($20) on a CS skin. we have to do something about this!

>>723951860
>don't even enjoy your job just the paycheck

AAAAAAAAAAA THEY TOOOOK 2 BILLION AWAY IN VALUE HOW CAN'T VALVE SEE THAT THATS 2 BILLION IN DREAMS, 2 BILLION IN COLLEGE FUNDS GONE
ALL.GONE
GONE
GONE
WEDDINGS, FATHER DAY GIFTS, DOWN PAYMENTS ON A HOUSE VALUE WIPED OUT INSTANTANEOUSLY BECAUSE VALVE WANTED TO LET THEIR SKINE BE MORE ACCESSIBLE

THESE
SKINS
ARE PEOPLES LIVES

>>723957730
>The catch is people go through gambling and other 3rd party sites to sell it for real life money
Well if that's the case it's a mystery they didn't crack down on this ages ago, that sounds a lot like they're not even getting a cut.

>>723956739
Ancient Chinese proverb

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>>723949268
You weren't lying OP

>>723957778
Yeah lmao thats the joke

Cs2 had a 6 billion market cap that valve barely saw any money from

>>723957790
D] HOW TRADEUPS WORK NOW (tl;dr Valve nuked abusing fillers)
Discussion
Floats are now unrolled when you trade up your skin. That 0.01 MAC-10 Silver you have? Well, it's got a float cap of 0.12, so it now becomes a 0.08333 when calculating your tradeup average.

So I took 10 UMP Carbon Fibers, all of which with a float of 0.017 and a cap of 0.12 and tossed them into CSFloat, which told me the following:

0.01785082183778286
0.01735330931842327
0.01752500981092453
0.017279591411352158
0.017734844237565994
0.01738204061985016
0.017476020380854607
0.017708614468574524
0.017843609675765038
0.017714723944664
Average Float: 0.017586858571

And here's what it thinks the output would be. I landed on the Desert Eagle Meteorite and got the following.

Expected Float: 0.003165634543
Resulting Float: 0.02638028934598

Take each of the 10 inputs, divide by 0.12, so an actual average of 0.14655715475, and multiply by 0.18 to get 0.02638028934598.

So, that nice low float you wanted? Yeah, good fucking luck, there's no way to abuse items to make results lower float than what you put in unless their range allows for that. Say you have an item with a 0 to 1 float range, average 0.5 float, and the result is 0.5 float capped. Well, now it's 0.25 float. Awesome, let's take 10 of those 0.25 floats and trade up to a 0 to 1 float range! Well, back before this update, you would get a 0.25 float result, which would be great! But now, it unrolls back to a 0.5 float. Sorry, guys.

Don't like doing all the math? Fuck that, have an Excel sheet to do it for you! Just type in your input floats and the input item float range, and the outputs and output float range, and you'll see what kind of float you'll get! I didn't spend any time cleaning it up or supporting any items, it's 3:30 AM.

EDIT: 4:30 AM awake realizing the resulting formula at the bottom is fucked, I'll fix it eventually

>>723951584
turn her into your own personal traddaughterwife

>>723955676
The skin gambling drama of like 2017 or whenever that was never went away, all the outcry (sort of) did, but all that shady 3rd party website shit grew and grew. I think a lot of the covid hypebeast retards got into cs skins because it’s easy, with gambling as a side gig. If you incognito open jewtube and type cs2 I wonder what videos you get.

>>723957902
This is way too mathematically complex to be a bug, someone had to have fucked with tradeups intentionally to get it to this stage.

>>723957917
Yep 2020 was the dealbreaker. Especially since every fucking nftard and cryptonigger hopped ship onto skins when they realize how stable it was compared to their shitcoins.

>>723957937
they're killing float and patterns you retards, is not that hard, they will not allow this skin market to survive, get it through your skulls.

We Valorant now, bye stupid niggers.

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>>723949268
I'm still mad that I bought a knife for 45 euros or so and then sold it for 90 to buy some games I dropped immediately. It's now worth 3 or 4 hundred. Fuck my stupid chungus life

Based valve killing this shit game

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Valve has blood on their hands. This is a dark time for the skin community

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>posted a couple of hours before the update

>>723957902
Honestly quite a shame, tradeups were pretty much coinflips but they were cool and I have fond memories in TF2 of trying to roll items like the maul or the nostromo napalmer for a quick buck lol

>>723958064
>suiciding frame 1 before the market even shakes out or they even potentially announce they are reverting the change
imagine being this weak hands

>>723958064
LMAOOOOOOOOOO

Its /biz/ downfall all over again, where are the pink wojaks!

>>723951137
>paid Gabe money to get a knife skin in a f2p game
Bet he never played the fucking game.

>>723955483
real knives cost less than virtual knives

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Just invest in stocks lol.

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>>723949268
LET'S FUCKING GOOOOOOOOOOOOOOOOOO

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Bros. I bought this knife a while ago. Was about 90 euro - a fuckin STEAL considering it's worth around 400€ now.
Do we think it's gonna drop in value? Should I offload?

God bless this update. The market was so absurdly retarded that people were shilling out 1000 euros just for knives. 1000 euros for fucking pixels. Absolutely based by valve and I hope they dont revert it

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>>723958096
xe was too weak

>>723958064
got the video?

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>everyone can get whatever skin they want much easier and cheaper
Gabe did a good thing, why is everyone mad? People can finally show off their dream skins when they play the game.

>>723958270
If you cant tell, every single knife will drop in value, especially in the coming weeks when knives will start being tradable & sellable

>>723958364
Cryptobros are mad they're left holding the bag.

>>723958279
felliposter located
return to 2008 immediately

>>723958364
Chinks and vatnigs basing their entire allowance on gambling for skins are now homeless. Well, more homeless than usual

>>723958440
Just in time for the winter season

>>723951917
It's the most insulting thing a chinese guy can say to another chinese guy. Because of their culture about honor and family or some shit. It just doesn't make any sense in english.

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>>723950028
>it's real
wew lad I remember when a friend got this in a crate over 10 years ago and he was upset because he lost the 50/50 on the M4A4 asiimov

>>723951130
Complaints written in AI slop should be ignored.

>>723958364
>everyone
I would say 99.9% of people are not mad about this. But that tiny minority that was treating skins as an investment, they're very mad, and very loud.
If nothing else it's a really funny way to kill a market.

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>>723958064
Imagine putting all your faith in a video game.

>>723955676
EU is ramping up legislation against gacha shit. Valve is simply anticipating it by changing the ecosystem, retards investing in skins getting bankrupted is a side effect

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>tfw husbant sold your dead parents' silver dinner set for a crimson karambit that now costs 0.79 $

>>723958364
>why is everyone mad?
whos this everyone?

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This will revive TF2.

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Knife prices are in the shitter ahahhaahhahahaha

>>723958423
I would if I could

Based gaben making knifes cheap so that PCjeets can buy them

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2025 is truly the death of digital currency

>>723958064
Someone leak the video

>>723955676
>be Valve
>literally create shady market that you take cut from
>definitely Valve's way of telling everyone they've had enough of a market existing under their nose
retard much? it's was like this by Gabe design to begin with

>>723958853
Nature is healing

Anyone else find it hilarious how skinfags were so fucking smug and kept saying that Valve would never touch them because they bought in so much money?

Lmao

>>723958082
He had few hours to cash it

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>>723951860
to be honest... i only play sc2 these days for the weekly quest, which means that if i have to be honest I show with my actions that I do NOT enjoy the game and as a eastern european I just thread it as a job. the reason I do not even lauch tf2 is that the skins there have no value... only game from valve games i play for fun is dota and maybe portal on the go.

If cs2 skins were worth as much as tf2 skins i would play the two games the same amount of time : probably less than 3-4 hours per year.

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>>723958757
>200$
>in the shitter
best I can do is 5 dollar for a karambit

>>723955785
Real fiat currency is backed by state violence.

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The /v/ meta is going to move fast:
The pirates stay winning.
The Nintendoids will blame soiny and steamies for any anti-nintendo post but now noone will defend Steam and since soiny players are all either children or cucks, noone will defend soiny too.
X-box does not exist.
This means that sadly the Nintendo and anti-Nintendo threads will become stale as noone will now have the energy to go put Nintendoids in their place - pirates are busy playing games, Steamies are seething and soiny are watching BBC porn.
Sadly this change is a loss for all of /v/ - we will now have to talk about playing the games we own.... 0 threads in the catalog incoming.

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>>723949268
AAAIIIIEEEEEEEEEEE NOOOO GABEN-SAMA STOP RUINING THE MARKET!!!
STOP STOOOPPPP I'M LOSING MY POWER!!!!

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>>723953781
do a flip faggot

>>723959310
and the CS market is backed by gabes capacity to violently rape his userbase, it seems

>>723955785
Stonks are backed by multigorillion dollar enterprises, be them states, banks or corporations. Your virtual knifes market is based on a couple of sweaty whales who could stop playing at any moment

>>723951937
>you will never own a big boat like lord gaben

>>723949268
>maoism is when cs2 skins become cheaper
YWNBAW

>>723953330
I mean unironically one of main reason why CS and its scene is so big is skin market. Its so big that third party trading sites literally sponsor CS teams and events directly unlike Valve lol. If Valve will kill that shit CS might finally significantly drop in numbers which will be funny as fuck. Most popular CS ecelebs are faggots obsessed with trading for a reason anon.

>>723949268
I don't give a fuck if those on top who invested millions get burned as long as the market still survives and I get to sell some cheap shit to make few bucks each month which will save me some money when buying actual games. highly doubt this thing was meant for making assholes get rich by abusing the market conditions.

Back in my day all those skins were free on gamebanana.

Should I cash out my current loadout and rebuy it later? o should I just die with my loadout and forget about it? Am I in for a good profit or am I just letting it get to me when it's a nothingburger for a player like me?

I need some assistance with this so I can go to bed in peace please.

>>723963540
>Back in my day
>gamebanana
Poser

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>Retards still don't know how to diversify into multiple assets and take your gains into gold
Diversify is like investing 101.

Do retards seriously???

>>723963540
Back in my day we called it FPSbanana

Thirdie room temp iq opportunists get what they deserve

>>723955785
Except you need sketchy gray market websites to even get real cash at all

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In the end every man gets what he deserves

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>>723958364
not such thing as everyone, 99% of the people who play CS GO don't give a fuck about this or say "cool, i can buy X skin cheaper", only the ziggers/chinks and whales who made money from it are seething

>>723955676
Chinks thought they were buying 5 houses off the back of their collection and valve decided to say nah

>>723967723
>the wu tang clan knows more about investing than average skintrader