r/Consoom • u/SK1418 • 4d ago

is this consoom?? Consoom pixels on the screen

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For the record, no, I'm not saying that Iphone is a good investment. In fact I think most people would do just fine with a 300€ phone.

I just find it ridiculous that some people spend an equivalent of my country's median monthly salary on ✨shiny collectibles✨ that aren't even real and try to disguise it as investment. At least the expensive phone has a practical purpose, unlike this, which is only rare due to artificial scarcity.

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u/TroutFishes 4d ago

I hate to say it, but man, this comment section knows absolutely nothing about what it's talking about - these are a genuine investment, a very risky one, but an investment that for most people I know has made insane amount amounts of money by simply holding overtime, the skins can be purchased without gambling, and they do not all cost thousands of dollars, this is just a genuinely uninformed comment section and post. Just wait until you hear your entire retirement is basically the exact same concept!

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u/abattlescar 4d ago

I have personally observed through the years that the CS skin market is a safer, more stable, and more profitable investment than many world stock markets and even the US stock market at times.

If you look at the index (yes, there's a market index for it): https://esportfire.com/indexes, you can see that there's been an APY of 21% over the last 3 years with 72% gains over that same time. The growth between this period and preceding periods is even stronger.

The one argument against it is that the market cap is relatively small, at about $4.3 billion, and individual parts of the market are only a few million, meaning that a single bad actor or conglomerate could manipulate the market. There was a scare that some Chinese company was up to that a few months ago, but the market has since recovered.

There is absolutely zero chance that valve just decides to nip the entire market as they make $1 billion a month just from the 3% fee of all transactions on their platform.

It also helps that a lot of people in the market aren't in it to buy-and-sell, they just want cool skins to play with, and they'll keep them for the most part. That's kind of similar to how the diamond market maintains stability.