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Some kind of scam ?
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AncientDoomwalker Shikkoken
Precision Gears Inc.
#1 - 2014-04-28 19:05:43 UTC
Hello i am pretty confused coz i just saw a buy order that was at 1.6billion ISK and all the sell orders were at 750million ISK !
Should i buy the sell order and sell it to the buy order to make some EPIC profit Ugh ? Is it a scam ? What should i do ?
Bob ran
Optimistic Wasteland Inc.
Fraternity.
#2 - 2014-04-28 19:10:15 UTC
Its most likely a scam using margin trading skill
AncientDoomwalker Shikkoken
Precision Gears Inc.
#3 - 2014-04-28 19:14:00 UTC
Bob ran wrote:
Its most likely a scam using margin trading skill

Thanks a lot i was gonna make a bad mistake Big smile
Tesal
#4 - 2014-04-28 20:42:45 UTC
AncientDoomwalker Shikkoken wrote:
Hello i am pretty confused coz i just saw a buy order that was at 1.6billion ISK and all the sell orders were at 750million ISK !
Should i buy the sell order and sell it to the buy order to make some EPIC profit Ugh ? Is it a scam ? What should i do ?


The margin trading skill is something every serious trader uses for legit transactions. It allows you to put about 1/3 in escrow to cover your open buy orders. You can triple the amount you have on the market this way. Unfortunately scammers abuse this.

if you look at the buy orders you will see it is probably for 2 or more orders, with the minimum amount you need to supply as 2 or more orders. They are trying to trick you into buying up their vastly over priced stock(often 10x its actual value), but you can't fill the order unless you have at least 2 or more items to sell. If you manage to get enough stock to fill the order, the order will fail because they don't have enough isk to held in escrow cover the order, they are relying on margin trading.

Look at the item history. You will see the typical price range. You will see either a massive price spike or a vastly overpriced order.

Once you know what to look for it is very easy to spot these margin scams.
Adunh Slavy
#5 - 2014-04-28 20:54:09 UTC
Check your sorting

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt
Precentor Saggitus
Planet Express Transport
#6 - 2014-05-02 17:53:59 UTC
The scam has several aspects. First, the scammer is usually the one selling the item to fill the order. If one checks the markets cluster wide, the item used won't be on the market anywhere else, precluding you buying it cheaper and delivering it. I've debated on trying to just aquire the item through other means, but the scammer is usually careful about selecting their scam as not to make it easy. The last few days compressed ore has been the favoured bait item, though other times its been unpopular faction mods or more likely officer mods.

The second part of the scam is that there will be a second buy order for the item at a lot lower price than the overpriced order. If the victim fails to notice that to sell the item that they need a minimum quantity of two or more, and not careful about checking the price they get for selling, they unwittingly sell it back for a lot less.

Lastly if someone realises that they need to aquire two or more items, the scammer can easily cancel the buy order upon watching the first item being sold.

I suspect that there is only one player busy at pulling this scam in game. There will only ever be one of them online at any given time constantly flogging the local with their LOOOOL MARKET MISCALCULATION link, usually in Amarr, though sometimes a character also in Jita. The character flogging the scam changes on a weekly basis, but is always a one man corp character of low game age.

Either way, like many things linked in market hub local, there is very few legitimate offers. If one is posting auction contracts / trade contracts legitimately, its best to go to Dodixie, Hek or Rens where the local isn't flooded so bad.

Few people understand the psycology of a highway traffic cop. Your average speeder will panic and immediately pull over to the side. This is wrong. It arouses contempt in the cop heart. Make the bastard chase you. He will follow.
Myriad Blaze
Common Sense Ltd
Nulli Secunda
#7 - 2014-05-02 18:59:39 UTC
Precentor Saggitus wrote:
Lastly if someone realises that they need to aquire two or more items, the scammer can easily cancel the buy order upon watching the first item being sold.

Why should the scammer bother to cancel the buy order?
As long as it's there it's an incentive for naives to buy from his overpriced sell orders.
And since the buy order will auto fail when someone tries to sell to it, the scammer has nothing to lose.
The Greenmachine Greenmachine
Green's Bicycle Shop
#8 - 2014-05-02 19:10:39 UTC
Precentor Saggitus wrote:
The scam has several aspects. First, the scammer is usually the one selling the item to fill the order. If one checks the markets cluster wide, the item used won't be on the market anywhere else, precluding you buying it cheaper and delivering it. I've debated on trying to just aquire the item through other means, but the scammer is usually careful about selecting their scam as not to make it easy. The last few days compressed ore has been the favoured bait item, though other times its been unpopular faction mods or more likely officer mods.

The second part of the scam is that there will be a second buy order for the item at a lot lower price than the overpriced order. If the victim fails to notice that to sell the item that they need a minimum quantity of two or more, and not careful about checking the price they get for selling, they unwittingly sell it back for a lot less.

Lastly if someone realises that they need to aquire two or more items, the scammer can easily cancel the buy order upon watching the first item being sold.

I suspect that there is only one player busy at pulling this scam in game. There will only ever be one of them online at any given time constantly flogging the local with their LOOOOL MARKET MISCALCULATION link, usually in Amarr, though sometimes a character also in Jita. The character flogging the scam changes on a weekly basis, but is always a one man corp character of low game age.

Either way, like many things linked in market hub local, there is very few legitimate offers. If one is posting auction contracts / trade contracts legitimately, its best to go to Dodixie, Hek or Rens where the local isn't flooded so bad.


The player that does the buy order fails or miscalcs in jita and amarr is cosmetics but hes been banned before for macroing and should be banned again because he still macros today in both local chats
Precentor Saggitus
Planet Express Transport
#9 - 2014-05-02 20:41:26 UTC
Myriad Blaze wrote:
Precentor Saggitus wrote:
Lastly if someone realises that they need to aquire two or more items, the scammer can easily cancel the buy order upon watching the first item being sold.

Why should the scammer bother to cancel the buy order?
As long as it's there it's an incentive for naives to buy from his overpriced sell orders.
And since the buy order will auto fail when someone tries to sell to it, the scammer has nothing to lose.


Hmm. I assumed that there was potential for this since the scammer always takes the buy order down when they log off.

Quote:
The player that does the buy order fails or miscalcs in jita and amarr is cosmetics but hes been banned before for macroing and should be banned again because he still macros today in both local chats


Hence why there seems to be a new character doing it every week. Same MO all the time.

Few people understand the psycology of a highway traffic cop. Your average speeder will panic and immediately pull over to the side. This is wrong. It arouses contempt in the cop heart. Make the bastard chase you. He will follow.
Felicity Love
Doomheim
#10 - 2014-05-02 22:06:51 UTC
... if it smells like a Fedo, and looks like a Fedo... it probably is... and most market scams smell just as bad.

Save your ISK.... or not. Twisted

"EVE is dying." -- The Four Forum Trolls of the Apocalypse.   ( Pick four, any four. They all smell.  )
Sabriz Adoudel
Move along there is nothing here
#11 - 2014-05-02 23:05:36 UTC
Precentor Saggitus wrote:
The scam has several aspects. First, the scammer is usually the one selling the item to fill the order. If one checks the markets cluster wide, the item used won't be on the market anywhere else, precluding you buying it cheaper and delivering it. I've debated on trying to just aquire the item through other means, but the scammer is usually careful about selecting their scam as not to make it easy. The last few days compressed ore has been the favoured bait item, though other times its been unpopular faction mods or more likely officer mods.

The second part of the scam is that there will be a second buy order for the item at a lot lower price than the overpriced order. If the victim fails to notice that to sell the item that they need a minimum quantity of two or more, and not careful about checking the price they get for selling, they unwittingly sell it back for a lot less.

Lastly if someone realises that they need to aquire two or more items, the scammer can easily cancel the buy order upon watching the first item being sold.

I suspect that there is only one player busy at pulling this scam in game. There will only ever be one of them online at any given time constantly flogging the local with their LOOOOL MARKET MISCALCULATION link, usually in Amarr, though sometimes a character also in Jita. The character flogging the scam changes on a weekly basis, but is always a one man corp character of low game age.

Either way, like many things linked in market hub local, there is very few legitimate offers. If one is posting auction contracts / trade contracts legitimately, its best to go to Dodixie, Hek or Rens where the local isn't flooded so bad.




There are definitely multiple people running this, you can tell by talking to them in local. In Dodixie there are two very skilled ones and several immitators. (I've never run this, the mechanics of this make it somewhat awkward to run on characters with Margin Trading unless they are used for nothing else and my two Margin Trading characters are too active for it).

You are missing a *very* important step in setting up margin traps. You should give it a try sometime, so that those of us that know the technique precisely can teach you an expensive lesson.

I support the New Order and CODE. alliance. www.minerbumping.com
Myriad Blaze
Common Sense Ltd
Nulli Secunda
#12 - 2014-05-03 06:35:14 UTC
Sabriz Adoudel wrote:
You are missing a *very* important step in setting up margin traps. You should give it a try sometime, so that those of us that know the technique precisely can teach you an expensive lesson.

I believe some people miss that step ... that's why I have a growing collection of rare (but cheap) items in my possession. Twisted
Precentor Saggitus
Planet Express Transport
#13 - 2014-05-03 17:18:20 UTC
Sabriz Adoudel wrote:


You are missing a *very* important step in setting up margin traps. You should give it a try sometime, so that those of us that know the technique precisely can teach you an expensive lesson.


No thank you, not interested in playing the game or if I can get someone at it. More interested in numbers of actual people engaged in such activity. But only when I happen to be doing business in system myself. Something to pass the time.

Numbers of people trying a variety of scams seems to fluctuate, higher on weekends of course, but its interesting to see that some players can be tracked very predictably. You can almost set your clock to their schedule. Start... scamming....now! As I said, there's one particular person who does it like clockwork.

Few people understand the psycology of a highway traffic cop. Your average speeder will panic and immediately pull over to the side. This is wrong. It arouses contempt in the cop heart. Make the bastard chase you. He will follow.
Sabriz Adoudel
Move along there is nothing here
#14 - 2014-05-04 05:59:52 UTC
Precentor Saggitus wrote:
Sabriz Adoudel wrote:


You are missing a *very* important step in setting up margin traps. You should give it a try sometime, so that those of us that know the technique precisely can teach you an expensive lesson.


No thank you, not interested in playing the game or if I can get someone at it. More interested in numbers of actual people engaged in such activity. But only when I happen to be doing business in system myself. Something to pass the time.

Numbers of people trying a variety of scams seems to fluctuate, higher on weekends of course, but its interesting to see that some players can be tracked very predictably. You can almost set your clock to their schedule. Start... scamming....now! As I said, there's one particular person who does it like clockwork.



If their schedule and post times indicate botting report them.

Scammers acting like miners gives us EULA compliant 'discount merchants' a bad name.

I support the New Order and CODE. alliance. www.minerbumping.com