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Scammed out of 840million isk (great way to welcome new players)

First post
Author
Sonoske Kautsuo
Irked inc.
#1 - 2014-02-20 01:47:39 UTC  |  Edited by: Sonoske Kautsuo
EDIT

Does anyone here know this is a super ******* old thread? Why keep digging it up?

I buy PLEX so what?

I make plenty of money from POS bashes, SOMER blink Promos and Trading. Hell I snagged 10 Gilas when they were 135mill. Now they are 210mill in Jita and they keep going up thanks to the new expansion.

Trust me I have learned a lot and make a decent living in EVE.

I also make a decent living IRL and if I choose to drop $100 on PLEX then that's my business.

EVE WAS MADE FOR ME! Just wish I would have found it sooner!!!





So first off I am about a 3 week old Eve player, I decided to get some money with plexes so I could invest in the market of buying and selling, I came across a buy order today that wanted 3 Tuvan Modified Kinetic Plating for 2.5billion isk, I then purchased one for 839million isk. Their were only 4 of them on the market. Then when I attempt to sell it to this person it would not let me sell it. I was stumped thinking it was some sort of ****** up exploit.

Then as I looked into it further I noticed he only accepts 3 at a time not 2.5bill each, yes I overlooked this but again I was blinded buy the fact that it was a possible error by a player and I tried to get money off of it. Someone posted in local "to bad I don't have money to buy this, look at the market error (link to item)"

Now all the other buy orders are below 150mill, making me think that maybe he tried to do 250mill in a buy order and added an extra 0 by accident making it 2.5 billion. I think he purchased all of them off of the market then puts them up their at inflated prices, then makes a stupid sell order that may catch someone off guard, like me. Now I could only buy one so now I cannot sell it back to him to make my money back because I would need 3 of the said item. So basically if he got them for a lot cheaper he just made profit on me and I cannot get it back because of how he has it set up.

Now I am not even sure if I can resell this item for even 750mill, unless someone else see this little scheme and has the money to fall for it. Basically making me have to then link, " look at this market glitch" man this is ******* stupid OopsOopsOops

Do you think this was a scam?
RAW23
#2 - 2014-02-20 01:56:39 UTC
Sonoske Kautsuo wrote:
Now I could only buy one so now I cannot sell it back to him to make my money back because I would need 3 of the said item. So basically if he got them for a lot cheaper he just made profit on me and I cannot get it back because of how he has it set up.


Actually, you are lucky you could only afford one. If you had purchased three and tried to sell all of them to him his buy order would have been cancelled as it was set up using the margin trading skill and backed by only a proportion of the total value in escrow. If he didn't have enough in his wallet to complete the purchase the transaction would fail and his order would disappear entirely, leaving you with three of the overpriced items. This is known as 'the margin trading scam'.

CCP have announced that they want to change the mechanic but they are not sure how to do this yet as margin trading is an important part of the economy of eve. In the meantime scams like this go on. Basically, as a new player expect scams in eve and if a business deal seems too good to be true then assume it probably is and seek advice before going ahead with it. Asking about this in the rookie channel would probably have informed you of the situation.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

Almiel
University of Caille
Gallente Federation
#3 - 2014-02-20 01:56:45 UTC
Classic margin trading scam. Welcome to eve where if it looks too good to be true, it most definitely is.
Arsine Mayhem
Doomheim
#4 - 2014-02-20 02:04:20 UTC
It is the greedy that get scammed.

If you're 3 weeks into the game, why do you need that much isk?
Agondray
Avenger Mercenaries
VOID Intergalactic Forces
#5 - 2014-02-20 02:20:40 UTC
Market PVP

"Sarcasm is the Recourse of a weak mind." -Dr. Smith

Sonoske Kautsuo
Irked inc.
#6 - 2014-02-20 02:25:34 UTC
Well I have always been good at playing the market in mmos, however I do not understand enough of the markets mechanics yet, therefore I got scammed by something that seemed to be a good deal, in most mmos scams are done by player to player not market interactions since most devs make those solid to prevent exploits.

And honestly even though I am 3 weeks old I love making in game money even if I have no use for it. I sit around and train skills, would be nice to train skills work the market and in 6 months from now have a sweet ship with plenty of high end upgrades that keep it alive.

I can use a Raven right now, but if I hop into one I have low lvl rigging and cant use most of the tech 2 mods. I would get raped! So I train up stuff and play the market. Sucks that I blew like about 30 bucks in isk.

If I was scammed by a player interaction then that's one thing. But this is stupid, it seem like more of an exploit.
Elizabeth Norn
Nornir Research
Nornir Empire
#7 - 2014-02-20 02:28:48 UTC  |  Edited by: Elizabeth Norn
Do your research in future, check the price history tab and a little searching.

Sonoske Kautsuo wrote:
If I was scammed by a player interaction then that's one thing. But this is stupid, it seem like more of an exploit.


This was as much of a player interaction as any other market order is. They had to train the skill, buy the items, list the items, create the buy order and spam their message, you thought you could capitalize on someone else's mistake, while they did so on yours. It's a game mechanic like any other, you just needed to slow down and find out what was really going on.
RAW23
#8 - 2014-02-20 02:38:35 UTC
Sonoske Kautsuo wrote:
Well I have always been good at playing the market in mmos, however I do not understand enough of the markets mechanics yet, therefore I got scammed by something that seemed to be a good deal, in most mmos scams are done by player to player not market interactions since most devs make those solid to prevent exploits.

And honestly even though I am 3 weeks old I love making in game money even if I have no use for it. I sit around and train skills, would be nice to train skills work the market and in 6 months from now have a sweet ship with plenty of high end upgrades that keep it alive.

I can use a Raven right now, but if I hop into one I have low lvl rigging and cant use most of the tech 2 mods. I would get raped! So I train up stuff and play the market. Sucks that I blew like about 30 bucks in isk.

If I was scammed by a player interaction then that's one thing. But this is stupid, it seem like more of an exploit.


I understand how you feel but this is really a player interaction, just one that uses the mechanisms of the market to effect the scam. Now, you mentioned that you would like to train up your trading skills. If you had done this then you would have learned how the margin trading skill works - basically it lets you place buy orders by putting down a deposit for the value of the order, allowing people to effectively trade in large numbers of orders that will not all fill at once rather than sitting watching a much smaller number. Margin trading in this way is somewhat analogous to real life but in RL there are social mechanisms in place that would prevent someone exploiting the system to steal money. In eve there are none and there does not seem to be any easy way to allow margin trading in the game without also leaving the possibility of this scam open. Margin trading is too important to get rid of to avoid the small number of cases in which such scams take place so we are left with the situation we are in.

Generally in eve you will frequently encounter players using their ingenuity to exploit loopholes in the system. CCP actively encourages this and defines an illegal 'exploit' quite narrowly in order to permit sandbox type emergent behaviour. You really only fell into this trap because you had an amount of isk that a player with your level of experience of the game should not have. Buying PLEXes can give you a push forward as a beginner but it is also a danger. Just as using isk from a PLEX to buy a shiny ship will make you a nice loot pinata for someone, so approaching the markets with an amount of money that is disproportionate to your experience also leaves you vulnerable. The lesson to be learned from this is that eve is a complex game, people will try just about anything to take advantage of you, and you should thoroughly research anything that you intend to plough a large proportion of your money into.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

Sabriz Adoudel
Move along there is nothing here
#9 - 2014-02-20 02:44:35 UTC
You got greedy, you got taught a lesson.

Most newbies that fall for something like that try to click on a contract and get told "you don't have enough ISK to make this transaction". (I've had that happen several times when I've posted scam contracts).

The majority of scamees are actually drunk veteran players, and if you log into EVE drunk, you deserve to suffer the consequences of doing so.

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

Abidal Trekt
Caldari Provisions
Caldari State
#10 - 2014-02-20 03:29:51 UTC
Not a great confidence boost for people looking to invest in your enterprise. Honestly though, don't sweat the small stuff. You can still recover and go on to make billions!
Almiel
University of Caille
Gallente Federation
#11 - 2014-02-20 04:47:08 UTC  |  Edited by: Almiel
Sonoske Kautsuo wrote:
in 6 months from now have a sweet ship with plenty of high end upgrades that keep it alive.

I can use a Raven right now, but if I hop into one I have low lvl rigging and cant use most of the tech 2 mods. I would get raped! So I train up stuff and play the market. Sucks that I blew like about 30 bucks in isk.



Another pro tip before you shed more tears: Don't fly what you can't afford to lose.

Don't come back with tears when you blow up your sweet ship with plenty of high end upgrades that didn't quite keep it alive. Love that last part too...high end upgrades Twisted
Loraine Gess
Confedeferate Union of Tax Legalists
#12 - 2014-02-20 05:35:14 UTC
Yes welcome to eve



Don't like it? Stay out, we don't need you.



You got taught a valuable lesson.
Fiddlestax Atruin
Sebiestor Tribe
Minmatar Republic
#13 - 2014-02-20 05:36:34 UTC
Buy Low, Sell High.
A good rule to live by: You should only buy from a sell order to complete someone else's buy order if you are sure that the item sells for the vast majority of what you bought it for.

If you are buying the item for 10% more than it is usually worth, you should expect to lose 10%+Tax on it if you sell it immediately.
Stay away from officer modules as a new pilot until you are sure of their value and usefulness. The margin trading scam operates on rare items for the most part.
Kendra Coldera
Pandemic Horde Inc.
Pandemic Horde
#14 - 2014-02-20 10:16:13 UTC  |  Edited by: Kendra Coldera
The real sob story here is that that guy now has to find another plating for this to be working again! Or he adapts and changes it to 2 bought !

EDIT: And also: This, ladies and gentlemen, is why new players + ISK = set sail for fail!
Myriad Blaze
Common Sense Ltd
Nulli Secunda
#15 - 2014-02-20 10:18:34 UTC
You should only trade items that you understand:

Where do the items come from?
What are they good for?
Are there other items that have a similar (or even better) effect?
What is the price history of the item?
What is the price volatility? The trade volume?
Etc.

Also you need to be aware of the fact that there are dozens if not hundreds of other players constantly scanning the market looking for good margins - often using automated tools. If you stumble over something that looks like a great opportunity you should ask yourself why none of the others took advantage of it. And if someone posts something about an "Epic fail buyorder" in local (typically with a link) there is no (!) doubt that it's a scam.

As a newbie to this game you should assume that everything you read in local about contracts, market opportunities, direct trades "to save tax", isk doubling, gaming - generally anything that involves isk - is a scam. And if you see other people claiming that someone is "legit" and that they made isk - remember that people often have several accounts or bring friends to help with their scam. With time and experience (and probably after blocking 100s of scammers, spammers, beggars and other idiots) you will learn to identify the rare gems that pop up in local once in a while.

And with regard to your Raven - you are nowhere near capable to fly that ship anytime soon. As a beginner you really should do the tutorials and then start to PvE or PvP in T1 frigates and work your way up from there. If you wan't to do missions you will need the faction standing anyway. Plus you would learn very fast that bigger is not always better in this game (for example big ships have problems hitting small ships - if you bring your Raven to a frigate fight, you would most likely lose it).
Roxanne Dallas
Sebiestor Tribe
Minmatar Republic
#16 - 2014-02-20 10:20:58 UTC  |  Edited by: Roxanne Dallas
Almiel wrote:
Classic margin trading scam. Welcome to eve where if it looks too good to be true, it most definitely is.


Well unless your moving it to another region because I very often manage to make 2 - 3x what I pay for something, but yeah when you get up to 100's of mill's difference per item it is likely going to be a scam or your just not going to be able to shift it at that price because no one will buy it.

Market trading is one big scam any ways, although this is a little more overt.
Roxanne Dallas
Sebiestor Tribe
Minmatar Republic
#17 - 2014-02-20 10:29:03 UTC  |  Edited by: Roxanne Dallas
Dude start off trading in an amount of isk that you can afford to lose I started with 200 mill even though I had 3 bill in my wallet so I could lose it and just not care that much, personally I doubled my money in about a day but thats just me. and I had already been playing for a while so.

But yeah just like when flying an expensive ship and you lose it the mantra will be "if you can't afford to lose it, don't fly it." which is true. but the same concept applies to trading.

It's a learning experience and not a nice one, but it's not likely a lesson you will forget any time soon. and it also applies to the real world. Just be thankful that you learned it in-game rather than IRL but you bought PLEX so I suppose you kind of did learn that lesson IRL... Oh well.
Lucas Kell
Solitude Trading
S.N.O.T.
#18 - 2014-02-20 12:18:29 UTC
Sonoske Kautsuo wrote:
So first off I am about a 3 week old Eve player, I decided to get some money with plexes so I could invest in the market of buying and selling, I came across a buy order today that wanted 3 Tuvan Modified Kinetic Plating for 2.5billion isk, I then purchased one for 839million isk. Their were only 4 of them on the market. Then when I attempt to sell it to this person it would not let me sell it. I was stumped thinking it was some sort of ****** up exploit.

Then as I looked into it further I noticed he only accepts 3 at a time not 2.5bill each, yes I overlooked this but again I was blinded buy the fact that it was a possible error by a player and I tried to get money off of it. Someone posted in local "to bad I don't have money to buy this, look at the market error (link to item)"

Now all the other buy orders are below 150mill, making me think that maybe he tried to do 250mill in a buy order and added an extra 0 by accident making it 2.5 billion. I think he purchased all of them off of the market then puts them up their at inflated prices, then makes a stupid sell order that may catch someone off guard, like me. Now I could only buy one so now I cannot sell it back to him to make my money back because I would need 3 of the said item. So basically if he got them for a lot cheaper he just made profit on me and I cannot get it back because of how he has it set up.

Now I am not even sure if I can resell this item for even 750mill, unless someone else see this little scheme and has the money to fall for it. Basically making me have to then link, " look at this market glitch" man this is ******* stupid OopsOopsOops

Do you think this was a scam?
It happens.

So first, like other people have said: If it looks to good to be true, it is.

Now with that, you have a choice:
1. You can decide that you don;t want to put up with scams like this and you can stop playing EVE.

2. You can take it on the chin, learn from it (look up Margin trade scams) and work towards recouping your loss.

Both are perfectly valid and acceptable responses to the situation, and both have been taken up by various people. I'd say that option 2 sounds like it would suit you more if you enjoy marketing in games. The economy is EVE is far more complex and far more exciting than in most games, so it you've got the willingness to learn it and press on through errors in judgement which can cost you a lot (we've all bee there, just yesterday I refined 10b isk worth of material on the wrong character and lost a huge percentage... whoops) it can be huge amounts of fun. Don't fret too much about the plex. After time you'll be able to make more than a plex worth a month and can just save on a couple of subs to recoup (or sub in plex forever mua ha ha).

The Indecisive Noob - EVE fan blog.

Wholesale Trading - The new bulk trading mailing list.

flakeys
Doomheim
#19 - 2014-02-20 14:24:48 UTC
Sonoske Kautsuo wrote:
in most mmos scams are done by player to player not market interactions since most devs make those solid to prevent exploits.



Sonoske Kautsuo wrote:
and in 6 months from now have a sweet ship with plenty of high end upgrades that keep it alive.




Uhm just a little warning , in other mmorpgs you also have safe havens but this is not other mmorpgs ...





.. THIS IS SPARTAAAA ... uhm i mean EVE .

We are all born ignorant, but one must work hard to remain stupid.

Lord LazyGhost
Sebiestor Tribe
Minmatar Republic
#20 - 2014-02-20 14:27:55 UTC
Almiel wrote:
Sonoske Kautsuo wrote:
in 6 months from now have a sweet ship with plenty of high end upgrades that keep it alive.

I can use a Raven right now, but if I hop into one I have low lvl rigging and cant use most of the tech 2 mods. I would get raped! So I train up stuff and play the market. Sucks that I blew like about 30 bucks in isk.



Love that last part too...high end upgrades Twisted



same here lolz

watch list for future i think :)
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