07-15-2022, 10:37 PM
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#195
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Member
Join Date: Aug 2015
Location: Brooklyn, NY
Posts: 1,894
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Quote:
Originally Posted by AbraCalabro
Here's how it works, simplified:
X and Y are friends, X wants to increase perception of value in his item. He lists it with an auction house. X and Y can recruit Z, 1, 2 and 3 who also have accounts, or they can open accounts under names of friends or relatives willing to help out and manage the accounts directly and offer them a cut.
The auction goes live. The shilling flies under the radar. X's item sells for a new, record price, X has money, so he can pay for direct from one of the accounts he manages directly, or he sends the money to one of his fellow colluders.
The item is then held and is put up for auction again by the winning account, the same process repeats, except now it sells for even more. X has money, so it's no problem to get it paid for.
The trend kicks off and then the item is listed again by the winning account. Now that the hype train is chugging along, they don't need to worry about shilling, the perception of value has been changed. X is satisfied with the amount of money he will make now, no shilling happens once that number is achieved, X dumps the item.
The more popular the item is, the more heat it's generating, the easier it is to execute to successful completion. Especially because X can reference "legitimate" sales. I already touched on this.
There it is for you in plain English. Have you actually read my posts? What else do you need to be educated on?
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You got 3 Gold Stars on this one
Dudes all remain in denial
Right on Abra
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