I've had ideas about it before I even had 100m and later, when I decided I could pull it off, I tried it out on an item and it worked out amazingly. It was my first long term investment and it worked out pretty much exactly like I planned. It's honestly not even hard if you can afford it, but is it a bad thing to do? In my opinion, when done with cosmetics, "useless" items, it doesn't hurt anyone and they're way easier to work with as well. I was never sure of the rules regarding it though. When you look it up on google it finds very few, old posts and what I've gathered from those is that it's fine if it's one person doing it, but not when it's clans. Is that really how it works? What about one person on 10 accounts? Is it even enforced? You can see it happening quite a bit with certain items and I feel like a lot of the times it might take more people to pull it off, though I can't be sure.
I have so many questions lol. Am I right about the rules? Are they enforced? Does anyone have any experience with clans?
Only 2 pairs left so here it is
I've been flipping these socks since release, so I knew about how many there should be in the game and I went for it. The first time I just wanted to try it out and in a month I made 67921k profit from 38 pairs. This time I started buying mid December and I'm expecting to sell the last two today, just about 3 months later.
73 pairs and 254m profit. The most I had invested was like 320m, before the last spike. I was holding 60 socks while there were about 80-100 in the game. Here's the full log: Socks 2.txt
How I did it: First I was just buying as many as I could at their lowest point and when it slowed down enough I started buying them out fast so the price jumped up. Then I just slowly started selling them bellow the peak I created.
The problem with that is that you lose a little bit, because you have to buy a few at the peak so it looks like that's what it's worth and then sell under that peak. This is where I got lucky the second time around. I'm 95% sure someone caught up to me doing this and bought a few themselves (other option being a group of people that really wanted these socks for some reason) and soon they made them jump up (1st peak). That alone would be good enough as I could just start selling high at no cost, but not only did it not cost anything, I profited big time as they were buying my socks when they were trying to raise the price. At this point I had around 40 pairs and I knew they would start selling theirs so I held on to mine and bought another 20 while the price was dropping and eventually the trade basically stopped. This was it. I couldn't buy any more without overpaying massively and neither could anyone else. No reason to raise the price myself if I had full control already. I just put them in for ~19m and it worked. Sold one every two days, but I was making 8m a pair. Then I got lucky again. No one noticed the 8m margins, maybe they were scared...I was selling them for ~19m and buying them back for 11m for over a week (6 or 7 pairs) before someone else came in. From that point on I only bought a few more, which I sold for 2-4m profit each, then I just kept lowering the price till I was out and that was it.