"Girl, you must be new here. To be honest, my inventory could buy your life. CSGO isn't something you can handle.
Last time with the black egg stickers, a lot of people sold too early when the price only went up by a few tens. I said then, it was just market manipulation, and all those who didn't believe me got washed out.
When the price later surged past a thousand, they were dumbfounded, crying to buy stickers from me. In the end, they all bought back in.
So, trust me, brothers, Butterfly Knife, Doppler, just buy them, they'll surely rise."
The group leader said this while also posting a screenshot of his account on a third-party trading platform in the group.
"That's all I'll say. If you don't believe me and are prepared to sell your skins and gloves, just throw them at my buy orders. I'll buy as much as I can at market prices."
Chen Yiyang clicked on the image and found that this guy indeed had a lot of funds, having made buy orders for high-end items worth over a million.
The third-party platform's buy orders are similar to an automated purchase system.
You set the criteria for the items you want to buy and then set a purchase price.
If someone has something that meets your criteria, they can sell it to you directly, and the system automatically pays them.
The benefit of this is convenience.
But the downside is, if the market experiences a sharp fluctuation while you're asleep, you could be wiped out.
Because once the other party chooses to trade, the item is immediately paid for and given to you.
If the buyer decides to withdraw the transaction, it's likely you'll end up with neither the money nor the item, losing both financially and materially.
Chen Yiyang rubbed the little accountant's head, signaling her not to worry.
According to current data monitoring, the replacement system will be online in the next few days.
That morning, Chen Yiyang woke up as usual and checked the sniping system.
But there wasn't any particularly good sniping intel.
So, he took a look at CSGO's update announcement.
Then he realized that the announcement was out, and the replacement system was officially online.
The CSGO item market, valued at billions of USD, was about to undergo a massive change!
Chen Yiyang immediately woke the little accountant and logged into her account where she buys items.
Even though he was already worth billions, Chen Yiyang was still very keen on making money in this kind of in-game scenario.
But just as he was about to sell the red items in the little accountant's game account...
He discovered that none of the third-party trading platforms could be accessed.
What's going on?
Chen Yiyang looked at the CSGO item groups he had joined.
He found that others, who woke early to see the announcement and were eager to sell knives and buy red items, also couldn't log into the third-party trading platforms.
Could it be that too many people saw the news, causing the entire trading platform to crash?
But that's not right.
There shouldn't be many people waking up this early to see the announcement. Why did the trading platform crash so quickly?!
Someone in the group then revealed the truth.
"These damn third-party trading platforms themselves are the biggest scalpers, hoarding a large number of knives and gloves.
Now that the game company has issued a notice, they're rushing to buy low-priced red items set for automatic sale, while also quickly unloading their inventory of knives and gloves.
The platform probably won't even be accessible until they clear out their stock!"
Chen Yiyang then realized what was happening.
Despite the online outrage against scalpers active on various platforms,
the truth was, the largest hoarders in the entire third-party trading scene were these platforms themselves.
Now, the market collapse was inevitable.
So, these trading platforms simply decided to shut down operations. Until they manage to sell off their stock, no one else would be allowed to make a move.
And it's not just happening with the domestic third-party platforms. The same issue was happening abroad.
The largest foreign item lottery platform also suddenly stopped allowing players to withdraw items.
This lottery platform was essentially a gambling site.
Users would pay varying amounts to participate in different lottery pools.
The more you pay, the greater the chance of winning a good prize.
The top lottery pools offered those expensive knife and red skins.
However, on such an unregulated third-party gambling site, the odds of winning were actually quite low.
Most players ended up with cheap, low-priced red gun skins.
After drawing these junk items, players could sell them back to the site for cash at market value or choose to withdraw them to their accounts.
But after the game update, this site suddenly realized that their massive stockpile of high-value gold items might become worthless in the future.
And the low-priced red items they originally hoarded for deceiving users could potentially increase in value several times over.
So, after the game update, they immediately locked the site, forbidding users from freely withdrawing any items.
Damn it.
After observing the behavior of these platforms and sites, Chen Yiyang couldn't help but sigh.
It turns out, only when the tide recedes do you realize who's been swimming naked.
The scalpers treating CSGO like a stock market were now the lambs led to slaughter, unable to escape.
Though unable to offload his stock for the time being, Chen Yiyang wasn't worried—just the opportunity to test the new replacement system.
So he started using the cheap red items in his account to synthesize gold items.
After about an hour, he managed to synthesize around ten gold items in total.
The most valuable knife, which originally sold for as high as 30,000 on the market,
was synthesized using red items costing less than 500.
With a simple click, he netted a profit of over 29,000.
So he continued refreshing the site while combining cheap red items into gold ones.
Before long, whether the third-party trading platforms cleared their inventories or feared future reputation damage,
all third-party trading platforms gradually restored user access.
A large number of users who knew about the new replacement system flooded into the sites, starting trades.
By then, Chen Yiyang already had over fifty gold items in hand.
He glanced at the account of the group leader who previously mocked the little accountant and found all his buy orders still there.
It seemed this guy played too late last night and wasn't awake yet.
So Chen Yiyang simply threw all the gold items he'd synthesized into his buy orders.
As for the red items he initially intended to sell, noting the current prices weren't particularly high, he held off on selling them, instead listing some with what he considered a high price, then set them aside.
By noon,
Most people were awake by now.
Even the late-night gaming habit folks and scalpers were up.
Now, everyone had seen this latest CSGO announcement.
The market collapse officially began.
All players madly rushed to offload their stocks.
And soon this selling spree lost all reason, with even gold items outside the synthesis range being mass-sold.
Every investor in the CSGO item market saw their confidence collapse.
