Becoming Rich with Daily Scavenging APP-Chapter 633: Black Egg Sticker

The comments are from both domestic and international users.

Curiously, he read through them and found that everyone was asking if he was selling the Black Egg.

Black Egg, what the heck is that?

Chen Yiyang casually searched it up and discovered that the so-called Black Egg was a sticker in CSGO.

In CSGO, the gun skins and items can be freely traded.

Early on, when Chen Yiyang started out, he stumbled upon a CSGO account and sold a bunch of skins and items in it for tens of thousands of yuan.

So he later studied this stuff a bit.

He realized that from this perspective, the prices of various CSGO skins and items have been steadily rising.

Back then, he had some spare cash, so he bought a variety of them just to keep, thinking that if he ever accidentally went bankrupt one day, these items could serve as a hidden reserve energy.

Could it be that those things he bought back then have increased in value?

Chen Yiyang glanced through his inventory and easily found a holographic commemorative sticker from the 2021 championship, commonly known as the Black Egg.

Chen Yiyang had bought this Black Egg sticker years ago and currently holds a full thousand of them.

Why so many?

Chen Yiyang carefully looked through his purchase records and then remembered.

This sticker was really cheap back then, just over two yuan each.

Originally, his plan was to buy a hundred of each type of cheap sticker.

But when he was buying them, he accidentally pressed an extra zero and bought a thousand.

But they were only two yuan each; a hundred and a thousand weren't that much different.

So, how much are these things worth now?

Chen Yiyang curiously clicked open the market.

The 300 yuan per sticker price on the Steam marketplace blinded him.

This is crazy.

Chen Yiyang was dumbfounded.

An ordinary-looking purple quality sticker with no special features and large availability can actually increase from two or three yuan to three hundred yuan?

This must be a joke.

Chen Yiyang logged into the CSGO item trading platform and found that most user offers are indeed above three hundred yuan.

Furthermore, the price is still climbing.

For a moment, Chen Yiyang thought about selling all the stickers he had on hand immediately.

He had bought a thousand stickers for two or three yuan each; selling just seven would cover costs.

The rest would be pure profit.

This is crazier than the A-share market.

However, when Chen Yiyang was about to sell, he calmed down.

Considering his current wealth, there's no rush for this kind of money.

Instead of making money, he might as well have some fun and figure out why the price of these stickers surged so much.

So he checked the game forums.

Found that many people were talking about the Black Egg sticker.

The reason the Black Egg sticker could rise so sharply is that there are no external factors; it's purely a group of market manipulators pushing it.

"Manipulation," meaning there's no positive news but simply someone wanting to hype this thing, so everyone is buying.

For example, some items or stickers are co-branded by professional players, and if that player dies, people might buy the player's sticker for commemorative purposes.

The price of that sticker would also rise considerably in the short term.

This kind of purchase can still be somewhat reasonable, but it has also led to many people online making rumors every day about which CSGO pro player has died.

Making CSGO pro players the profession with the highest "death rate" online, though most are rumors.

But manipulation doesn't even have a rumor.

It's simply big speculators eyeing a certain sticker and buying tens of thousands while the price is low.

Then these speculators create fan groups, charging members a fee to join.

Once the fan group reaches a certain size, they'll inform the members of which sticker they've been hoarding.

Then, the core fans in the group would start buying the sticker for ten or twenty yuan.

At this point, the sticker price would climb to around fifty or sixty yuan.

This price surge is already close to a hundred percent, surely attracting attention from people outside the fan group.

Moreover, the speculators would hint to group members to spread the news to those outside the group.

Thus, the sticker's price continues to climb.

However, the market was still rational at this point.

It's just a sticker, not a gun skin that can be used personally.

Once prices rise to around two or three hundred yuan, regular players wouldn't dare to continue holding them and would start selling.

But then, several major speculator merchants would bring out their funds, creating a consensus.

As much as the market sells, they buy.

These big merchants collectively have funds in the amount of tens of millions.

In the stock market, it's nothing, but in the sticker trading market, it's considered sizable.

Thus, players would notice that although the sticker price has reached two or three hundred yuan, it continues to rise, essentially selling as much as others would buy.

This leads the market into a completely irrational phase.

Since the rational players have stopped at two or three hundred.

And irrational players simply don't make sense; they only see the Black Egg's price still rising.

Thus, they frantically seek out and purchase Black Eggs, hoping to sell at the next peak.

The forums posts Chen Yiyang saw were all about this.

Although many rational voices say that buying at this price would surely lead to a loss.

But these voices can't compare to the flood of rumors.

Things like "this time is different," "it's not speculators trying to deceive," but they're planning to build long-term reputation by permanently pushing the Black Egg's price up."

Things like "major speculators have already said they're going to push the price above five thousand yuan; those selling now will regret it later."

There's even talk of someone who paid to join a speculator's fan group, and the major speculator said he'd push the market to around ten thousand yuan; anything below that they can buy without worry.

CSGO item trading has a feature that locks the items you buy for a temporary seven-day period during which it cannot be traded.

Once the seven-day cooldown is over, it can be relisted.

This means that those who bought at the peak price will not be able to sell even if they realize the market is crashing because their trading cooldown hasn't ended.

However, Chen Yiyang didn't have this trouble; he had bought his thousand stickers many years ago, so he can sell them at any time.

But he was also quite curious about what price these merchants plan to push the trading price to.

So he didn't sell his stickers but transferred them all to the warehouse of his item trading platform.

The next day.

The price of Black Egg stickers continued to rise, straight to around fifteen hundred.

This price is already quite unprecedented.

Previously, only rare stickers with a very small stock could sell at this price.

Chen Yiyang felt this price was probably near the peak, even irrational players wouldn't think it could go any higher.