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Is this a scam?
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Skippy Usenet
Imperial Academy
Amarr Empire
#1 - 2013-03-18 22:15:03 UTC
http://bit.ly/Z9VcnA

I'm not sure how to embed a picture. sorry. But what's to prevent anyone from buying one of these items and immediately selling it for a 600 million+ profit?

If this is a scam, I don't understand it. Actually, I can;t see how someone could place teh buy order when items are available for less than is being asked, nor can I understand how a sell order can be placed when someone is buying it for more...

I just walked by thinking if it is too good to be true...
What?
Karl Hobb
Imperial Margarine
#2 - 2013-03-18 22:16:51 UTC
Skippy Usenet wrote:
I'm not sure how to embed a picture. sorry.

You can't.

Skippy Usenet wrote:
I just walked by thinking if it is too good to be true...

It is, look up the margin trading scam.

A professional astro-bastard was not available so they sent me.
Stegas Tyrano
Center for Advanced Studies
Gallente Federation
#3 - 2013-03-18 22:17:35 UTC  |  Edited by: Stegas Tyrano
EVE Central Market - 'Ghost' ECM

Check the sell orders.

EDIT: I derped I was looking at Buy Orders ^_^'

Herping your derp since 19Potato - [url=https://forums.eveonline.com/default.aspx?g=posts&m=2403364][Proposal] - Ingame Visual Adverts[/url]
Mire Stoude
Center for Advanced Studies
Gallente Federation
#4 - 2013-03-18 22:18:30 UTC
Yes, it's a margin trading scam. If you tried to sell it you would get a message saying how the order doesn't exist anymore (iirc). It's because the buyer doesn't have enough isk to cover the buy order anymore.

In Eve and RL, if you have to ask "is this a scam" the answer is most likely Yes.
Abrazzar
Vardaugas Family
#5 - 2013-03-18 22:19:04 UTC
Also notice the minimum volume of three on the buy order.

Sovereignty and Population

New Mining Mechanics
Mire Stoude
Center for Advanced Studies
Gallente Federation
#6 - 2013-03-18 22:21:23 UTC  |  Edited by: Mire Stoude
You can also tell that all the orders were created at the same time (and probably same person) by looking at the hours (not the days) remaining on the orders. It is highly unlikely they were created exactly x number of days apart.
Skippy Usenet
Imperial Academy
Amarr Empire
#7 - 2013-03-18 22:32:37 UTC  |  Edited by: Skippy Usenet
Thanks for all the answers... I learned something new. P

Seems to that if someone goes through the markets to sell something and then default on that, he, she, or it should have some time of fine for being fraudulent. But I admit that my understanding of markets and economies is almost Nil.

Again, thanks for all the info.

Edit: Likes to all of you, thanks again.
Takseen
Federal Defense Union
Gallente Federation
#8 - 2013-03-18 22:35:02 UTC
Skippy Usenet wrote:
Thanks for all the answers... I learned something new. P

Seems to that if someone goes through the markets to sell something and then default on that, he, she, or it should have some time of fine for being fraudulent. But I admit that my understanding of markets and economies is almost Nil.


Well, there's a lot of differences between real life and Eve. Not least of which is the crazy ship insurance scheme that would bankrupt any RL company in days.
Orlacc
#9 - 2013-03-18 22:36:02 UTC
That one is kind of subtle. I see contract spammers selling something for 10m and magically there is a buy order for the same item (minimum 3) for 100m.

"Measure Twice, Cut Once."
Whitehound
#10 - 2013-03-18 22:42:06 UTC
To explain the scam you need to know the this:

To place a buy order on the market does one need to posses the ISKs for a purchase up front (aka escrow). The ISKs are then held by the game until someone sells into the buy order. Because there is a skill which allows to reduce this amount is it possible to place a buy order without having all the ISKs needed. If someone tries to sell into a buy order will the ISKs get paid out of the escrow and then, whatever is missing, out of the buyer's wallet. So one can set up orders for 1b ISKs with i.e. only 500m ISKs in the wallet.

The scam is that when there is not enough ISKs in the buyer's wallet will the order fail, but you will only find out once you actually try to sell the item, which means you first need to posses it.

Loss is meaningful. Therefore is the loss of meaning likewise meaningful. It is the source of all trolling.
Jonah Gravenstein
Machiavellian Space Bastards
#11 - 2013-03-18 22:47:45 UTC
The easy way to spot a scam in Eve

Does it look too good to be true?
If the answer is yes, it's a scam. The same goes for contracts, read them very very carefully.

In the beginning there was nothing, which exploded.

New Player FAQ

Feyd's Survival Pack
Liafcipe9000
Critically Preposterous
#12 - 2013-03-19 08:26:43 UTC
Jonah Gravenstein wrote:
The easy way to spot a scam in Eve

Does it look too good to be true?
If the answer is yes, it's a scam. The same goes for contracts, read them very very carefully.

This
Solstice Project
Sebiestor Tribe
Minmatar Republic
#13 - 2013-03-19 09:46:38 UTC
Skippy Usenet wrote:
I just walked by thinking if it is too good to be true...What?
And with this simple line you have put yourself way above most others.

Congratulations ! :D
Jint Hikaru
OffWorld Exploration Inc
#14 - 2013-03-19 09:51:17 UTC
Also if the sell contract was posted in local..... very good chance its a scam.

Gotta ask yourself, why would someone sit in local (obviously AFK with automated chat script, but whatever) trying to sell something, when there is an active buy order (usually in the same system) for more money than he is asking.

Jint Hikaru - Miner / Salvager / Explorer / SpaceBum In the beginning the Universe was created. This has made a lot of people very angry and been widely regarded as a bad move.
Domina Trix
McKNOBBLER DRINKING CLAN
#15 - 2013-03-19 09:52:49 UTC
Skippy Usenet wrote:


I just walked by thinking if it is too good to be true...
What?


Congratulations, you have the ability to avoid nearly all the scams in EVE. If something looks too good to be true, it usually is.

Two of the defining characteristics of a carebear are wanting other players to play the way the carebear wants and whining on the forums for the game to change when they don't. Yet I see more threads on these forums from gankers than I do miners whining about wanting the game changed to suit them.