It has begun.

Good.

Originally posted by Mr. Smiles:

Good.

I think the changes are good, the market value of the items was just ridiculous.

Valve made rare items less rare

Lol baby's first pump and dump

There were cosmetics in CS with designated rarities
Red rarity cosmetics were more common and considered cheap or worthless
Gold rarity cosmetics were considered rare and valuable, can go for $1000+

They added an update to make 5 red cosmetics be convertible into gold cosmetics

People started mass buying reds to convert to golds, and the demand drove up red cosmetic prices. But the supply of gold cosmetics increased, became less rare, and their prices crashed.

Most big traders held gold rarity cosmetics and so they lost a ton of value. Meanwhile people holding large quantities of red rarity cosmetics sold off for a ton of profit.

I'd say that Valve wants more people to get into buying and selling knife skins in CS2. If you wanted to buy one or get into it, they were far too expensive and most people would avoid it unless they were already into knives and selling. In short they're giving people a taste of the items before making the prices go back up again.

Valve also gets a small cut of the sales for items sold on the steam market, so panic buying / selling also gets them money in the short term too

Originally posted by ;592911760736132206:

I think the changes are good, the market value of the items was just ridiculous.

No its not. Collectors have fallen.
Now red skins are expensive than knife. Steam lose $2 Bilion

Originally posted by パエトーン (Belle):

There were cosmetics in CS with designated rarities
Red rarity cosmetics were more common and considered cheap or worthless
Gold rarity cosmetics were considered rare and valuable, can go for $1000+

They added an update to make 5 red cosmetics be convertible into gold cosmetics

People started mass buying reds to convert to golds, and the demand drove up red cosmetic prices. But the supply of gold cosmetics increased, became less rare, and their prices crashed.

Most big traders held gold rarity cosmetics and so they lost a ton of value. Meanwhile people holding large quantities of red rarity cosmetics sold off for a ton of profit.

Happened before with Team Fortress 2 buds, will just take some time to recover.

It's interesting when it repairs.
Now when the trade ban is lifted.
People will start selling knives and price fall again

Somehow Trump is to blame for this.

I just know it.

I don't have skin in this game, but I do not feel any pity for stupid and greedy people, who flushed their money down the toilet by "investing'" in stupid speculative BS without intrinsic value lke NFTs or digital assets.

“Engravings give you no tactical advantage whatsoever.”

Gaben was in on some insider trading or something fishy, I'm sure of it.