Counter-Strike market explodes. Prices skyrocket overnight.
(media.scored.co)
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I can only laugh.
I struggle enough with the investment viability of crypto at times. CS go skin market? That's just a tax on the stupid.
There was a point where WoW money was more steady than actual countries. So it became a good investment. Tons of Chinese farmers appeared for just that.
These video game markets are more stable than half the economies in Africa, South America and the SEA region. That's why they were able to operate so steadily for years, because for a lot of young men it became semi lucrative careers in otherwise complete poverty nations.
The only retarded part about it is forgetting that risk factor of making your money on someone else's plantation, meaning these types of explosions are always a possibility.
There's a term for that: counterparty risk. Money shouldn't be subject to counterparty risk (you either have it or you don't), but fiat being what it is, you always have to worry about the government gassing up the money printer to benefit itself.
It’s literally more tangible and functional than 99% of cryptos so I don’t know how you get off on calling them stupid when you’re doing something even dumber.
Somehow you misread the words “struggle with viability”
I played around a bit with TF2 back in the day (never with real money), and just by trading back and forth you can make a bit of a profit. But, yeah, the whole thing gets pretty crazy, and the serious players gain and lose a silly amount of money. Not my thing.