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Margin Trade Scam
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Misuzuchan
Purple Frog Transport
Red-Frog
#21 - 2014-05-26 21:32:57 UTC
This could also be margin trading too though.
Lovely skill-book to let people put up a buy-order at a high price without having the ISK available.
This person goes to fulfil that order and it doesn't work because buyer doesn't have the ISK in his wallet! Then it goes into the sell-order queue instantly.

The best rule to remember is: If it's too good to be true, it probably is.
My rule for marketing involves only dealing with items of which 100+ get shifted a day, and that have more than 2 buy and sell orders.

Better luck next time. :)
Tron Aeolean
WarmHoles Inc.
#22 - 2014-05-26 21:38:34 UTC  |  Edited by: Tron Aeolean
Im not a new player by any means. Im just not a trader. I agree scams should be allowed, as a matter of fact ive taken part in corporate espionage, so dont think Im some goodie too-shoe's who knows nothing. The thing that got me is that I was warned of all the other kinds of scams and dangers from the tutorial and was able to avoid them (mostly) my entire play-through. I wasent warned about this.

And no it wasent from local, I saw the item listed in the contracts, and subsequent market lookup showed probable profit. I had no contact with other players. Just me, myself, and a wee bit of dumbass. lol

If I had taken the time to research the items value properly I would have been able to see it for what it was. Sadly I immediately took it at face value and assumed someone had made a mistake.

Witch leaves me to wonder, how do you tell the difference between someone who has simply made a mistake in their pricing vs a scam?

Also lets say I legitimately want to buy something at an absurdly overpriced amount, would I then have a harder time finding a seller because people would assume my orders are a scam?

I just feel theres got to be something that could be done to make this whole thing better for everyone. Aside from a mention in the tutorial, I have no clue how though >_<
munitqua
Perkone
Caldari State
#23 - 2014-05-27 13:12:13 UTC
Haha i got scammed the exact same way, this cost me 800m

At that time i could not even afford the 800m so i borrowed 300m from a friend.

When i figured out it was a scam, my heart stopped for a moment, but I wasnt mad. I thought: that's EVE and I loved the game even more ever since. I did smoke 5 sigarettes to calm me down haha, good times.
Malcanis
Vanishing Point.
The Initiative.
#24 - 2014-05-27 13:43:35 UTC
Oh look it's this thread again

"Just remember later that I warned against any change to jump ranges or fatigue. You earned whats coming."

Grath Telkin, 11.10.2016
350125GO
Sebiestor Tribe
Minmatar Republic
#25 - 2014-05-27 15:07:32 UTC  |  Edited by: 350125GO
Tron Aeolean wrote:

Witch leaves me to wonder, how do you tell the difference between someone who has simply made a mistake in their pricing vs a scam?


Mistakes are made in contracts, but not that often. You spot them by watching contracts continually for a long period of time and until you learn the market you won't be able to spot the mistakes. I scrutinize every contract I ever accept, two-three times to make sure I'm not missing anything.

If you want to make money on the market, contracts usually aren't the place to look.

You're young, you'll adjust. I'm old, I'll get used to it.
Elizabeth Norn
Nornir Research
Nornir Empire
#26 - 2014-05-27 15:36:04 UTC  |  Edited by: Elizabeth Norn
350125GO wrote:

If you want to make money on the market, contracts usually aren't the place to look.


I would have to strongly disagree with that, you just need to know what to look for. What you've said is like advising people not to trade on the market because of margin scams or manipulation.

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Joshua Foiritain
Coreli Corporation
Pandemic Legion
#27 - 2014-05-27 16:39:07 UTC
Tron Aeolean wrote:
I wonder how many honest players who deposit and help fund the game have been forced to quit because of this scam.

They couldn't as the situation is perfect. Smart people can take money from the dumb people.

Tron Aeolean wrote:
I wonder how little the scammes actually bring to the game. Both money and content wise.

Probably more then the clueless carebears who fall for it and then rage quit like 6 year olds. Bear

The Coreli Corporation is recruiting.
350125GO
Sebiestor Tribe
Minmatar Republic
#28 - 2014-05-27 16:56:14 UTC
Elizabeth Norn wrote:
350125GO wrote:

If you want to make money on the market, contracts usually aren't the place to look.


I would have to strongly disagree with that, you just need to know what to look for. What you've said is like advising people not to trade on the market because of margin scams or manipulation.


I updated my post to clarify it. was missing a crucial part of a sentence. Oops

Wasn't meaning to warn off contracts, just meaning to say that they're just like the market, you really need to know what you're trading in before you'll be able to reduce risk.

You're young, you'll adjust. I'm old, I'll get used to it.
Tron Aeolean
WarmHoles Inc.
#29 - 2014-06-03 17:06:15 UTC
Amazingly I left the item on the marketplace at the high price you can see in the screenshot, and someone actually purchased it!

I think my jaw may have literally hit the floor when I noticed lol.
Zahara Cody
Imperial Corrections Service.
#30 - 2014-06-03 17:41:21 UTC
I have a trillion isk that says contracts are a good way to make isk. Lol

Hating is free, that's why poor people do it the best.
Li Quiao
Imperial Academy
Amarr Empire
#31 - 2014-06-05 16:02:29 UTC
Gully Alex Foyle wrote:
TBH, people usually fall for buy order 'scams' or 'mistakes' only once in their entire EVE career.

It's unreasonable to expect new players, even smart ones, to know about the Margin Trading skill.

A small explanation/warning in the tutorial wouldn't hurt. If you skip it, or forget about it, then it's unquestionably your own fault.

'Enterpreneurs' Twisted can still make money off of fools (there's always plenty) or by upping their game towards more subtle market manipulation.


I actually knew it was a scam the first time I saw one, even though I wasn't aware of how Magin Trading could be used in this fashion. The scammer was broadcasting the "stupid" buy order in chat and moaning about how he didn't have enough money to take advantage of it himself, and it obviously stunk to high heaven. I figured the scammer just watched the market boards and pulled his buy order when he saw somebody take the bait. Then somebody explained to me how you can use Margin Trading to automate the process.
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