These forums have been archived and are now read-only.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.
12Next page
 

Margin Trade Scam
Author
Previous Topic Next Topic
Tron Aeolean
WarmHoles Inc.
#1 - 2014-05-25 17:37:34 UTC  |  Edited by: Tron Aeolean
Apparently players are allowed to make fake buy orders on the market that cant be full-filled.

I'm no trader, I don't know how to read those fancy charts. Thinking that the marketplace could not provide false information, I saw what looked like a fairly simple way to make 200mil, There was a faction item for sale in contracts for 500mil, and a buy order on the MP for 700mil! My exact thought process was, "They cant fake a buy order! They must not know the value of their item!" Upon attempting to sell it, nothing happened, the order just sat there mocking me refusing to pay out.

Now I wont be able to afford plex and who knows when my bills will allow me enough extra cash to re sub (family's are expensive).

I wonder how many honest players who deposit and help fund the game have been forced to quit because of this scam.

I wonder how many different ways there are that CCP could improve this situation.

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

Is there any hope that this is going to change in the future?

Research yields no official CCP response, can someone point me to where it is?

Screenshot:
http://minus.com/i/bqZkcBHCNmYLQ

UPDATE:

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.
arabella blood
Keyboard Jihad
#2 - 2014-05-25 17:45:51 UTC
can i get your stuff?

Troll for hire. Cheap prices.

Tron Aeolean
WarmHoles Inc.
#3 - 2014-05-25 17:47:06 UTC  |  Edited by: Tron Aeolean
arabella blood wrote:
can i get your stuff?


Didn't say I was quitting, But I wont be able to play for a few months!
arabella blood
Keyboard Jihad
#4 - 2014-05-25 17:51:51 UTC
i can hold them for you...

Troll for hire. Cheap prices.

Tron Aeolean
WarmHoles Inc.
#5 - 2014-05-25 17:54:06 UTC
Trolls are fast on these forums. Shocked
Thomas Builder
Center for Advanced Studies
Gallente Federation
#6 - 2014-05-25 18:04:44 UTC
Shrug. That wasn't even an margin trading scam.

Even though the offer is very likely a margin trading scam, the problem you encountered has nothing to do with margin trading. You couldn't sell to the order because of the minimum quantity required. Which is clearly stated in the market interface. Although you seem to have setup your windows so that the column is just barely visible. So, before crying about how the interface is lying to you, maybe you should read what the interface is actually saying.

That being said, if you could find the four items required, I'd expect the sale to still fail, because of the margin trading scam.
Far Wanderer
ACGM Acquisitions
#7 - 2014-05-25 18:06:07 UTC  |  Edited by: Far Wanderer
Tron Aeolean wrote:
Trolls are fast on these forums. Shocked
They're also easy to ignore.

The margin trading scam is part of the game. Always has been and always will be, because risk and uncertainty are part of what makes EvE the game it is.

Just think of your loss as a learning tax vis-a-vis an element of the game that you didn't understand as well as you thought you did.

Teachers deserve to be paid well, after all.

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn
Tron Aeolean
WarmHoles Inc.
#8 - 2014-05-25 18:17:33 UTC
All-right, thanks guys. I see that I should have been able to catch it now.

Ill make a point when I am able to re-sub to learn how the marketplace works more thoroughly.

I still think that CCP could do something to warn players about this. Perhaps a section in the tutorial about the dangers of the marketplace. Maybe there is allready one and I just missed it.

Learning on my own cost me 15$. Seems kinda steep for a lesson, but what do I know eh?
PyroxQ
Pinpoint Pierce
#9 - 2014-05-25 19:00:17 UTC
Tron Aeolean wrote:
...Perhaps a section in the tutorial about the dangers of the marketplace.

...



Welcome to a pvp-game. Everything is dangerous.


Also, much as in real life, if it looks to good to be true, it is most likely not true. If you learnt that lesson only now, and it was 15 bucks, Id say thats a freakin' bargain.
Silvetica Dian
Imperial Shipment
Amarr Empire
#10 - 2014-05-25 19:09:44 UTC
Tron Aeolean wrote:
All-right, thanks guys. I see that I should have been able to catch it now.

Ill make a point when I am able to re-sub to learn how the marketplace works more thoroughly.

I still think that CCP could do something to warn players about this. Perhaps a section in the tutorial about the dangers of the marketplace. Maybe there is allready one and I just missed it.

Learning on my own cost me 15$. Seems kinda steep for a lesson, but what do I know eh?


Other teachers in eve charge a far higher price.
The people that suicide gank 18 bill mission boats.
the people that charge a 500 mill security deposit to join a corp and then offer to move all your ships.
the isk doublers.
the awoxers
the corp thieves.
the gate campers.
the reverse awoxers
They teach people valuable lessons in research, corp security, dotlan/in game maps etc.
These lessons all come with price tags and are all easily avoided by a little basic thought/ research.
When you see something too good to be true it is wise in eve as in life to think about where the catch is hidden or even just accept that there is a catch and you can't find it. The most trusting might even try it after accepting they may lose what they are putting at risk.
The margin trade scam only works on people willing to suppress rational thought in thrall to their greed. some self reflection may be called for here.

Money at its root is a form of rationing. When the richest 85 people have as much wealth as the poorest 3.5 billion (50% of humanity) it is clear where the source of poverty is. http://www.theguardian.com/commentisfree/2014/jan/20/trickle-down-economics-broken-promise-richest-85
Arec Bardwin
#11 - 2014-05-25 19:18:32 UTC
Tron Aeolean wrote:
There was a faction item for sale in contracts for 500mil, and a buy order on the MP for 700mil!
You wouldn't happen to spot this contract being spammed in local would you?
Gwen Sotari
Tribal Liberation Force
Minmatar Republic
#12 - 2014-05-25 20:00:25 UTC
If its too good to be true it probably is. there is no such thing as free isk.

http://filmskribenten.dk/wp-content/uploads/2012/06/nicolas-cage-cat.jpg
Daniel Plain
Doomheim
#13 - 2014-05-25 20:24:06 UTC  |  Edited by: Daniel Plain
Gwen Sotari wrote:
If its too good to be true it probably is. there is no such thing as free isk.

except the isk you get killing red crosses.

I should buy an Ishtar.
Gwen Sotari
Tribal Liberation Force
Minmatar Republic
#14 - 2014-05-25 22:11:23 UTC  |  Edited by: Gwen Sotari
well that's not free as you're using resources to get it and it requires time

http://filmskribenten.dk/wp-content/uploads/2012/06/nicolas-cage-cat.jpg
Sabriz Adoudel
Move along there is nothing here
#15 - 2014-05-26 00:07:36 UTC
About 30% of contracts offered in local are scams (with 50% being 'non-deceptive, well priced' and 20% 'non-deceptive, very badly priced'). However, that 30% get posted dozens of times each because the hit rate is quite low.

Moral to the story: Don't trust contracts in local. If it looks like a trap, it's a trap. If it doesn't look like a trap - chances are you do not know the trap.

I support the New Order and CODE. alliance. www.minerbumping.com
Voyager Arran
Brutor Tribe
Minmatar Republic
#16 - 2014-05-26 01:42:52 UTC
If someone is trying to sell you something for less than they could get by dumping it to a buy order in the same system, there is a 100.00% chance that it is a scam of some sort or another. If you can't figure out how the scam works, that just means the scammer knows more about bizarre market mechanics than you do.
Loraine Gess
Confedeferate Union of Tax Legalists
#17 - 2014-05-26 04:37:22 UTC
Bonus: Market is nothing but a BROKER for sales. The market posts orders for people who are buying. The guy was lying or unable to pay. Welcome to a very rational scam, if only you knew what a market was!
voetius
Grundrisse
#18 - 2014-05-26 08:02:10 UTC
Tron Aeolean wrote:


Research yields no official CCP response, can someone point me to where it is?



There is a dev post in the Features & Ideas forum that turned into a mini-threadnaught where CCP asked for people's views on this and what, if anything, needed to be done.
Bridgette d'Iberville
Better Killing Through Chemistry
#19 - 2014-05-26 15:27:55 UTC
OP: Good try selling that thing in Jita spamming local though. Did anyone actually buy it from you?

"I considered a career in griefing, but then realized that I would never achieve the level of tear generation that CCP manages to do each and every expansion."
Gully Alex Foyle
The Scope
Gallente Federation
#20 - 2014-05-26 18:52:19 UTC
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.

Make space glamorous! Is EVE dying or not? Ask the EVE-O Death-o-meter!
12Next page