These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
Previous page12
 

Margin Scammed? Help please
Author
Previous Topic Next Topic
Zelda Wei
New Horizon Trade Exchange
#21 - 2013-02-06 20:46:02 UTC
Missette wrote:
there is currently no way to spot the margin trading scam. the only tip off is that it is too good to be true.


Ignorant Bullshit, they are typically blatantly obvious. If you cannot spot them that is YOUR failing.
Merouk Baas
#22 - 2013-02-06 23:26:51 UTC
Note that this thread has been necroed from December, by the OP to post a follow up. So you're flaming someone who posted more than a month ago.
Tom Hagen
Twilight Empire
#23 - 2013-02-07 00:43:28 UTC
Zelda Wei wrote:
Missette wrote:
there is currently no way to spot the margin trading scam. the only tip off is that it is too good to be true.


Ignorant Bullshit, they are typically blatantly obvious. If you cannot spot them that is YOUR failing.



There is always a lot of BS comments like that in these threads. I guess all of you are born with instant knowledge of every game mechanic in EVE. Or you and many before you have heard it or read it from a second source (not in the EVE client) so get of the high horse. If you don't know about it you are most likely f*****.
It shouldn't be a prerequisite to spend time on the forum in order to enjoy the game as a new player. That's the problem with the Margin scam, it hurts new players the most. It requires a knowledge about the mechanics in game, when dealing through CCP implemented channels. Many new players make the mistake and treat the market and the contract in the same way.
Why shouldn't they?
How many other games has a built in system to scam other players?
RubyPorto
RubysRhymes
#24 - 2013-02-07 00:50:12 UTC
Tom Hagen wrote:
Zelda Wei wrote:
Missette wrote:
there is currently no way to spot the margin trading scam. the only tip off is that it is too good to be true.


Ignorant Bullshit, they are typically blatantly obvious. If you cannot spot them that is YOUR failing.



There is always a lot of BS comments like that in these threads. I guess all of you are born with instant knowledge of every game mechanic in EVE. Or you and many before you have heard it or read it from a second source (not in the EVE client) so get of the high horse. If you don't know about it you are most likely f*****.
It shouldn't be a prerequisite to spend time on the forum in order to enjoy the game as a new player. That's the problem with the Margin scam, it hurts new players the most. It requires a knowledge about the mechanics in game, when dealing through CCP implemented channels. Many new players make the mistake and treat the market and the contract in the same way.
Why shouldn't they?
How many other games has a built in system to scam other players?


If it's too good to be true, it's a scam.

Requires no knowledge of game mechanics, just basic common sense.

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
Claire Coffee
Coffee Inc
#25 - 2013-02-07 01:20:04 UTC  |  Edited by: Claire Coffee
RubyPorto wrote:


If it's too good to be true, it's a scam.

Requires no knowledge of game mechanics, just basic common sense.


Every new player will have a hard time defining "too good".
There are a lot of things that can make you multi-billionaire overnight. Sounds like too good to be true? but it's there.

[b]DRINK COFFEE Do stupid things Faster with More Energy[/b]
RubyPorto
RubysRhymes
#26 - 2013-02-07 01:23:17 UTC
Claire Coffee wrote:
RubyPorto wrote:


If it's too good to be true, it's a scam.

Requires no knowledge of game mechanics, just basic common sense.


Every new player with have a hard time defining "too good".
There are a lot of things that can make you multi-billionaire overnight. Sounds like too good to be true? but it's there.


All of them take more effort than "accept contract advertised as being below buy orders."

"It's easy to speak for the silent majority. They rarely object to what you put into their mouths." -Abrazzar "the risk of having your day ruined by other people is the cornerstone with which EVE was built" -CCP Solomon
Ave Kathrina
My Ass Is On Fire
#27 - 2013-02-07 02:11:37 UTC
Sit in locla in a trade hub and watch for contracts (Or significant market price comparrisons between regional trade hubs) - if its too good to be true, it probably is.

A handy hint is to open the pilot info on the person spamming a 'liquidation corp assets' or 'need to buy plex really soon' contracts - using the little 3 white line icon thing in the top left hand side above the portrait, right client and 'show contracts'.

You'll see the contract history of the pilot (not useful if someone has a fresh account/pilot) and you'll see all the previous successful contract scams the pilot has had.


Learning about margin trading scam is part of learning about eve, be greateful your lesson didn't cost you beeleeeons
I've done some really stupid shit in this game.
Somnorific
Center for Advanced Studies
Gallente Federation
#28 - 2013-02-08 04:28:43 UTC
the too good to be true reply doesnt always apply.
ive easily made 50-100m for one trip to jita.
so a noob see's an officer mod selling for 400m and a buy for 500m doesnt seem that far from other market ventures.
its kind of broken and exclusively exploited.
most legit margin trades im assuming dont come in the shape of single item officer mods.
Tau Cabalander
Retirement Retreat
Working Stiffs
#29 - 2013-02-08 09:20:44 UTC  |  Edited by: Tau Cabalander
Missette wrote:
there is currently no way to spot the margin trading scam. the only tip off is that it is too good to be true.

Check the trade history. If the price or volume is all wrong, especially the item required to fill the order, steer clear.

Saw one just today on an item I know the market very well, and it made me think, "Why would someone do that?" Answer: must be a margin scam.

Note that low volume items are often the target, as they are easier to manipulate. Officer modules just happen to be low volume and high value [or at least the scammer can make you think that for unpopular ones], so ripe for scamming.

I have an officer armor module I can't get rid of because in reality it is quite common and complete junk when compared to LP store items. It was given to me by somebody that couldn't get rid of it either.
Dex Thunakar
Evil Genius Organisation
#30 - 2013-02-08 09:26:17 UTC
LOL you call a sell order an auction? How peculiar :)
Zelda Wei
New Horizon Trade Exchange
#31 - 2013-02-09 01:12:57 UTC
Sola Mercury
Republic Military School
Minmatar Republic
#32 - 2013-02-09 19:09:33 UTC
Somnorific wrote:
well a month later and i definitely have my head around these scams. very easy to spot now.
I still contend there should be a notifier if buyer does not have the isk to cover the purchase price in his wallet- particularly on single item purchases. The item immediately comes out of my inventory and is placed on sale and taxes and fees are lost by the seller. Doesnt seem entirely fair.

Cheers


If you dont want to place a new sell order, just use simple sell. Not advanced sell.
It will save you money, you dont need to pay brooker fees.

Simple sell is: You sell to the best buy order. If the quantity of items to be sold is larger than the amount listed in the buy order, buy order is filled, the rest stays in your hangar.

Advanced sell is: You place a new sell order on market. If one or multiple existing buy orders are met, these orders are partially or fully filled. if some of your items cant be sold at this moment, the new order stays on market, else the order is filled and disappears imediately. Note, that placing an order costs brooker fees.
Somnorific
Center for Advanced Studies
Gallente Federation
#33 - 2013-02-11 17:10:36 UTC
Zelda Wei wrote:

Only an idiot would fail to spot that these are scams

http://eve-central.com/home/quicklook.html?typeid=8263#buys

http://eve-central.com/home/quicklook.html?typeid=8335#buys



to be fair, this was not the point i was trying to convey.
it was a single item officer mod where the buy order had only 24% of the money in his account or however the scam works.
tried selling for 500m and it does not go through as listed. instead it gets placed on auction(before which i just bought the item from same scammer for 400m)
its a broken and abused mechanic.
Missette
Federal Navy Academy
Gallente Federation
#34 - 2013-02-11 17:32:17 UTC
Zelda Wei wrote:
Missette wrote:
there is currently no way to spot the margin trading scam. the only tip off is that it is too good to be true.


Ignorant Bullshit, they are typically blatantly obvious. If you cannot spot them that is YOUR failing.



Oh Great and Wise Zelda Wei, please enlighten we ignorant masses to your method for spotting the blatantly obvious scam.....

My response was aimed at someone new to the game. There is no 'mechanical' way to spot margin trading scam. If someone thinks they can buy from a sell order, then turn around and sell to a buy order for a profit they are generally going to get scammed (to good to be true). It is possible to buy from a sell order, then put up your own sell order and make profit, but that is a different game.
Gizznitt Malikite
Agony Unleashed
Agony Empire
#35 - 2013-02-11 19:57:46 UTC  |  Edited by: Gizznitt Malikite
1.) Margin Trade Scams are easily identifiable 95+% of the time....

How to trade without being Margin Trade Scammed:

Step 1.) Search for an Item to buy and resell for profit.

Step 2.) Understand the value of the product before you buy it:
  • Know what the item is used for, and who would use it.... If you don't know this, you probably shouldn't be trading it.
  • Review the Market history of an item... You can pull up this data right at the market screen, and view up to an entire YEAR worth of data in graph or table format.... It provides a decent indication of the items price history, and it tells you how quickly the item moves...
  • Always Remember: BUY ORDERS are NOT GUARANTEED.... If you determine the worth of your item, especially if it is a slow-moving rare item, off a few buy orders you will lose money... and you deserve it too!!

    • Setp 3.) Decide if you want to accept the risk in buying/reselling the item:
  • Buying an item to resell for profit ALWAYS incurs some risk on your part.... Someone might beat you to the sell, the sell might not go through because of the purchaser doesn't have enough isk, so you need to understand that you may not be able to instantly offload the item. And if you can't, the price could drop (or rise) quite rapidly depending on what's happening in game!
  • A volatile item: something that has major price swings is risky.... ALWAYS.... although it's also potentially profitable...
  • A stagnant item: something that moves very slow is risky.... ALWAYS.... because if it takes a long time to sell, your isk will be tied up and not earning you profit....

    • Step 4.) When you understand the value, and accept the risk... then go buy the item and attempt to resell it for profit... not before!

    Why does this avoid being margin trade scammed? Because you wont go around buying overpriced items you hope to resell for profit (unless your a moron). Additionally, you will conscientiously accept the risk of loss whenever you purchase an item to resell, and hence wont be scammed.... you'll just be unlucky and/or a moron....
    Previous page12