Becoming Rich with Daily Scavenging APP-Chapter 634: The Final Bagholder

So Chen Yiyang started to sell in small batches.

In the sticker market, his thousand sheets were already quite a lot.

Because the entire market inventory was only a few hundred thousand sheets.

Among those, quite a few stickers belonged to players who had already abandoned the game.

Therefore, if Chen Yiyang sold a thousand sheets all at once, it would actually devalue the Black Egg stickers in his possession. It was better to sell them ten by ten slowly.

Chen Yiyang initially thought that as he was selling, the price of Black Egg stickers would gradually fall.

But to his surprise, he had already sold more than two hundred sheets, and the price of Black Egg stickers had actually risen to around two thousand.

This made Chen Yiyang slightly lose his confidence.

This price for stickers was already unprecedented.

Chen Yiyang originally thought the price wouldn't go up, but he didn't expect to be wrong so quickly.

So he went on the forum to study it carefully.

He looked at the average forum account's speaking habits and personal profile.

And discovered an important reason.

That is, many people who play CSGO stickers are actually university students.

These university students are at a particularly unique age in their lives.

Before entering university, they have limited monthly pocket money, and basically no personal spending power.

After entering university, they have a stable living allowance each month and have a little spending power.

But they face many more temptations than they did in high school.

Social gatherings, game top-ups, clothes, shoes, various electronics.

Unless their families are especially wealthy and give an extra large living allowance.

Otherwise, the living allowance of university students is never enough.

In this situation, some university students can't help but focus on the game field they are familiar with.

Those willing to spend time will do game training work.

Those who only want to speculate naturally focus on CSGO items.

And now, it's the university opening season.

These university students, with their pure and foolish eyes, currently have about two to three months' living allowance in hand.

Two thousand or so for a sticker is just within their affordability.

This group of university students became the best financiers.

Therefore, Chen Yiyang made a judgment.

The price of Black Egg stickers would likely be speculated to nearly three thousand.

Because at three thousand per sticker, it exceeds the price students can afford.

So Chen Yiyang immediately chose to accelerate selling.

At around the two thousand price, he basically sold about eight hundred sheets.

But as Chen Yiyang was selling, the price of Black Egg stickers continued to rise.

Chen Yiyang sold another hundred or so.

The last of these hundred sheets was even sold when the price reached three thousand.

What happened next was pretty much what Chen Yiyang expected.

After the Black Egg stickers reached three thousand, the price wouldn't move anymore.

At that price, forget the main student buyers, even young people who had just started working wouldn't invest.

Originally those big speculators, they still had funds.

But a sticker priced at three thousand, they wouldn't dare buy it.

Buying at this price, once stuck in hand, they'd have to give up all they earned before.

What a pity.

Chen Yiyang smacked his lips a few times.

With about a hundred sheets left unsold, he couldn't sell them.

But just the ones he had already sold were enough to make him rich.

Something that originally cost three yuan each ultimately was sold at an average of about two thousand one for nine hundred sheets.

Calculating the end result, he made a pure profit of one million eight hundred ninety thousand.

Even for him, it was quite a large income.

In a small CSGO item market, picking up a bargain even once could yield several hundred percent returns.

If this were in the stock market or cryptocurrency, how much money could be made on a guess?

Now Chen Yiyang understands why so many people go bankrupt in the stock market and cryptocurrency.

The returns are indeed too tempting.

However, achieving such returns, most people might never experience even once in their lifetime.

This isn't like buying a lottery ticket.

Buying a lottery is a small gamble; unless you buy a lot, generally buying a few dozen yuan won't affect life.

Playing these things though, it's easy to get carried away, and within a short time, go bankrupt.

After Chen Yiyang sold a Black Egg sticker at the peak price of three thousand, within a few hours, the price dropped to about one thousand.

Chen Yiyang then listed the remaining hundred stickers at one thousand each.

He originally thought to sell if possible, or keep them as collectibles if not.

But after sleeping, he woke up and found that all the one hundred stickers at one thousand each were sold.

Huh?

How could they be sold?

Chen Yiyang was completely dumbfounded.

According to the normal trend, the price of Black Egg stickers should drop to a few hundred yuan in a short time.

At this price, because some have lost too much, they'd rather continue holding and waiting for a miracle than sell.

So the remaining price would drop below a hundred within two or three days.

However, Chen Yiyang didn't expect that the hundred Black Egg items he casually listed at one thousand each would be purchased.

He quickly checked the price trend, and found that at around four in the morning while he slept, just as the price was about to fall below a thousand, it mysteriously surged back to about eighteen hundred.

But this surge was only temporary, with little capital.

Only a small number of people including Chen Yiyang capitalized on this surge to sell their Black Egg stickers. Most people's stickers remained stuck with them.

This shouldn't be.

Chen Yiyang was puzzled looking at this surge.

Could it be that speculators thought these stickers still had value and tried to make a play with real money?

He took a look at the message boards.

It turned out it wasn't speculators driving this surge, but a streamer who played "Arena of Valor," acting out of impulse.

Thinking CSGO items had potential, he announced last month he was entering the item market.

Last night during his live stream, he happened upon the price drop of Black Egg stickers. For some unclear reasoning, he felt these stickers had great potential.

So he streamed purchasing and driving the sticker prices up.

He himself dumped in hundreds of thousands, and led his streaming fans to buy quite a few.

This added up to a total fund of over a hundred thousand which misled some small-time individuals, thinking the previous drop was all a facade, so they quickly withdrew and stopped selling.

And so, the sticker market prices were actually stabilized for several hours.

Of course, these clever folks became the last group holding the Black Egg stickers.

Once their seven-day restriction expires, attempting to sell the stickers would likely only yield a few dozen yuan.

This left Chen Yiyang stunned.