The ‘Counter-Strike 2’ Skins Market Crash – ‘Counter-Strike 2’ players are reeling after an update from Valve saw the value of formerly rare skins plummet, crashing the Steam marketplace and causing some players to lose serious money

12 comments

1. Russian economy will never recover from this

2. Valve has to be one of the shittiest gaming companies, and is crazy how much leniency they get. Every other gaming company can do 1% of what they do, and attract a lot more criticism than Valve.

   Meanwhile Valve support a multi billion gambling eco system that targets children, and their fanboys, and so many others outside the bubble are praising this company like they are the second coming of Jesus.

   Many people even praise Valve for this move. They haven’t done anything for praise, in fact is worse because they don’t bother to tackle the gambling system they created. They probably made this change to increase their profits.

   Edit: I’m already at -10. Valve fanboys are angry, lmao.

3. As someone who has played CS in its various installments since before Steam and its marketplace were even launched, it’s amusing. I recall being somewhat disgruntled when skins monetization was introduced, and then later witnessing an entire ecosystem arise around it. I have no sympathy for these “investors”, or any player who forked out thousands for a single skin. They’ve made their bed.

4. I bought a bunch of katowice holo and foil stickers for titan, 2015 among other things (howl, for example) which I sold way, waaaaay too early. I think I would’ve 20x’d my money or something like that last I checked.

   It was an incredibly valuable lesson though. I’m now an actual investor (equities) so having this experience regarding patience early on as a teen is serving me right now, big time.

   As for people who genuinely put all their eggs in a skins basket, you all are a little special, lol.

5. My inventory went from almost 5k usd to around 1k in a matter of hours.

   It’s really nice to see though. China mostly controlled the market with over 200mil capitalisation iirc.

   They all got completely smacked in the face with this update and are panicking hard, underbidding each other.

   Prices on buff163 (their primary market place that western people can’t use) are so low that they can be compared to an era before China was actually able to play CS and use the trading system.

   I really like seeing those prices again and while I don’t care about losing 4K in unrealised gains it must be absolutely horrendous for people that had high 6 figures or more laying around in skins.

   Market cap went from 6 to 3bn afaik.

6. I’m glad people are losing real money on something that isn’t real. Maybe be smarter next time. Don’t waste money on shit that gets you “clout”. Life’s worth more than that. And always remember the corps can fuck you over at any moment they want to. Don’t give money to them.

7. oh what your digital goods got devalued? Hmmmmmmmmmmmmmmmm where have we seen this before?? nothing like this has ever happened right?

   anyone wanna buy some pictures of monkeys?

8. The average player lost almost close to nothing and wouldn’t cash out anyway, yet most of us are riled up like someone stole our savings.

   If you treat skins as skins as they are meant to and not as money/investment, you literally lose nothing 🙂

   Chinese/Russian (and other, of course) bot farms get fucked, casinos get fucked. Great stuff, really; 2 months ago folks were screaming that Valve should nuke them even if it wrecks the market – what’s happening isn’t the same but has a similar effect, and suddenly everyone is concerned.

   Additionally, while by far not everyone is like that, it’s hilarious how those of the higher end collectors who claimed they were in the skins for collection purposes and didn’t care for the prices going up at all suddenly reveal that they, in fact, do care. It’s never about the rarity, it’s about the price.

   And no matter what happens, articles will milk it by putting up alarming headlines. If (who knows) the market goes up, I guarantee there will be articles with similar headlines.

9. I have played a lot of CS but never cared for trading. Not knowing any better, I just find it interesting that it’s so significant even to the outside people that Forbes is covering it.

10. My cousin will be peeved. He made big money trading CS skins and had a lot of that money tied up in inventory that was appreciating. Now it is down the drain.

11. This mostly affects “Investors” and people hoarding massive amounts of high end Golds to pump the Market.

    Especially chinese players have been buying like crazy in recent months, I saw guys literally take out loans to dump into Skins. Guess that’s what happens when Daddy Xi doesn’t let you invest into anything. Multiple reports of suicides coming out of China because of this, but I would take it with a grain of salt, nothing confirmed so far.

    For the average Player this market correction is a good thing. Finally you can buy nice Skins for fair prices, 20k for a Butterfly was fucking insane.

12. Valve doesn’t need to care about this crash either, because they get your money moment it enters your steam wallet. Their digital economy is 30% less than zero-sum after all.

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