Watch Out For These Grand Exchange Scams! [OSRS]
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- เผยแพร่เมื่อ 7 ส.ค. 2024
- The grand exchange has been one of my favourite additions to osrs, but there are many ways to get scammed while using it or in the area. Today I want to highlight some of the more common scams that revolve around the grand exchange.
Generally if you are using a bit of skepticism, you will almost always be fine. That said some of these scams are very tricky, or just something you may not have thought of before. Let me know of any other scams you often see at the grand exchange, and maybe il make a follow up video!
Thanks for watching
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I avoid scams by avoiding human interaction as much as possible
If you are not an Ironman I am disappointed
it's sad but I do the same, with the amount of pkers and lurers out there I just was turned off. From the amount of things I heard happened to people I learnt not to interact with strangers beyond chatting
Lmao
I avoid scams by being an ironman. We aren't the same kid.
@@ark2819 imagine commenting 6 days late on a TH-cam video, all to flex on the fact that you died on your hcim
I like that the game still taxes you on top of that massive loss from the BGS and the mace. . .
There is no need for any exceptions or warnings. GE sink should never have priority over the best current buy offer, it should only sink items that are currently being offered. Its just poorly designed and not thought through.
That's a Jagex special.
In my opinion you are right just maybe make a 2 minute hold on offers that are egregiously below the real price.
Then how would it work for items that always have offers in? I could ruin the item sink by leaving in a 1GP offer for all important items.
This is true. But what is your remedy to the situation? People always so ready to point the finger at Gagex and don’t have an idea of their own.
This. If an offer is to instantly go through, jagex should buy it for the same price it would've gone for(i.e. highest buyer) The item sink should never take precedence over current ge offers, even if it means that they will be spending more out of their virtual coffer. I often times put an item for sale at a price lower than I would realistically be okay with selling it, but I can do that because I'm confident that there's NO WAY no offer exists for that item.
There really should be a confirmation screen if you're selling an item for less than something like 50% of the GE value. It'd just go "This sell offer is much lower than the GE price - are you sure you wish to proceed?".
Even if this issue didn't exist, I still think that would be a good addition to the game.
RS3 does this for expensive items. It's probably on the list of things to do
Get rich quick schemes will always exist
Jagex can't be responsible for shutting every door
@@greenbean4422 Except this is a door they themselves opened. It would not have sold for 300 without the system in place. It would have gone to the highest buy offer.
Instead the game saw : 1- I need to buy item, 2- the offer is less then my current virtual bank, 3- insta buy that item for asked price. Overwriting the best buy offer.
@@jawstrock2215 bruh I just went into it with another guy
Idk how to explain this to you guys, but there is no better system. Literally think for more than 10 seconds about the problems your ideas create rather than the solutions they solve.
Often when you change things you end up creating more problems than when you originally started, and this is no different. Lowest bid offer is the SAFEST AND BEST WAY Jagex could have coded this.
You guys are ONLY thinking of the guy in the video who lost his mace and not any other scenario that could happen, and unless you do your thinking is *DANGEROUS*
@@greenbean4422 literally what problems would be created by a confirmation window
Thanks for the update on the scams at the Ge, appreciate your content, keep it up!
This could all be fixed with a "buy now" "sell now" button, that instantly pushes the transaction for the buy/sell price
Almost like Eve online has had that feature forever.
Was waiting for this comment, easy fix
Mid game on point
Game is ran by such levels of incompetence its nothing but a miracle we've made it this far.
And where are the crackdown police raids on bot farm owners we were promised?
As someone hitting alot of GE limits, im glad that people will help me out buying the items. But yeah for normal values and normal items like runes/rune items/dhide items /dragon items etc etc
Is that not more time consuming and dangerous with your GP then just making a handful of G.E. alts to make those purchases for you?
You don't have to spend time finding someone to buy for you, you don't have to trust them with the items/gp. It just seems the smart way to do it.
I had done this twice and it payed off. I told how much and told current price. I bought it told total cost of it and got little extra for doing it.
yeah i run into it pretty often buying blood runes and people usually help me out and i tip a little bit
@@jamesmontgomery3818 Main difference is, with common item, the person might just have it sitting in his bank anyway(So it's like an unlisted sell order). While obscure items, people wouldn't normally hold those in large quantity. The tax is also saved.
@@jawstrock2215 I get that, but I don't bring those items people have in their banks into the equation because my response is tailored to stopping the scam. Which requires the player spend their own money getting the items.
IF the players already have the items, it's just a straight trade of items for GP without risking your own GP. Which I don't think comes into the stopping the scam conversation at all.
I missed your calm, soothing voice. Welcome back and can't wait for more content!!
Wtf???
There is another common scam at the GE. Usually extremely low level players (alts) advertising "spending 2147M" or "buying X item way over price." They are trading platinum tokens instead of GP, hoping you don't notice they only offered 2.147M instead of 2.147B. Or "Show me your bank, i'll give you 10M" hoping you'll forget to remove your items and trade your bank over.
Hey flip! Do more of these, have a good week!
i hate that people abuse the "i hit my buy limit" because I actually had it happen with dragon dart tips but ofc nobody would help you buy it. so had to wait it all out :/
Another scam I've seen that involves the GE limit is saying they're at the limit and need someone to buy them a huge volume of X. Usually something believable like dart tips. Then after you buy the items, the scammer offers you a lowball that works out about the same as you'd get from the GE after tax. So now your options are to sell to the scammer for the lowball or sell back to GE and lose money on the tax. The scammer hopes you decide to just sell to them but either way you lose.
That's not a scam that's a finesse, a hustle. There's a line.
@@joeh858 No. it's a scam. A legitimate hustle would say their offer price ahead of time, not after. It preys on the fact that most people in their position will pay market price and sometimes higher, so that's what the people trying to help will assume.
@@maskettaman1488 Would it be a scam if the person advertising is actually the one selling the item in the GE, lol. I guess everything is a scam if you don't take self accountability
@@joeh858 Now you're discussing one of the scams from the video. The difference is that what you describe requires the item to be something obscure or low volume that the scammer can corner the market on
The final scam is like the definition of a Pump and Dump scam. Which is a financial crime in the real world, lately it's been pretty popular in various low market cap cryptocurtencies.
Kinda funny to see in osrs, but still sucks cause it's tricking people out of their gp.
True its as old as time, im grateful for RS to have taught me a bit of how stocks and merching works. So i stay tbe hell away IRL
for me it's the other way around, i've seen it in rs and have fallen for it in rs, now when i see it in the real world i recognise it like with gamestop and cryptos.
Like 6 years ago, I got back in OSRS. Within a week I got 25 mil, ranger boots clue. Some guy askes me to buy 2k grog because of the buying limit. 4mil or something. Got scammed. It was my welcome back and heads up to the game. Never got scammed again.
5:00 it actually happens a lot where people are past the buying limit and get people to buy it for them and usually the people who do so make a bit extra money which is one reason why the scam works so well
Tbh I only do it if it's a item like feathers, or other relevent skilling items that people can legitimately hit the limit on since I frequently done it when I was skilling.
@@HiddenAnimeHOTD yeah, people do it a lot with alchables too
Alchables bones and fletching stuff
Just makes you love ironman mode even more, lol
That second scam method is super familiar to me: In RS3 I was scammed out of by far my most valuable possession, a Dragon Axe (worth a few mil at the time IIRC) and it turned me off playing the game for years. I remember it was a summoning scroll of some sort I was buying for the scammer, and they contacted me through private messages instead of public chat (Which in hindsight was a MASSIVE red flag).
The good news is when I decided to return to the game for a short period way way later, the value of Dragon Axes went wildly down in value and I managed to re-buy one within a couple days. Phew!
only worth 60k now
You play runescape?
I remember the first time I got full Dharoks. didn't know what the abyss was and went in and had no tele, died and lost it all.
Noobs
Oh hey, it's you! Crazy how the creators we follow all watch each other, I love it.
Speaking of your multiple series'...are they still going? Was enjoying the cb achievement HC you gonna carry on with that at some point? 🤔
There just needs to be a warning like rs3 has, if its a % under mid then it asks if you are sure you want to make the offer.
Just don't be a room temperature (Celsius) iq smooth brain
I downvote everything related to rs3, no matter how much sense it makes
@@PurpleOkayTurtle why? Have you ever played it?
@@youtubeSuckssNow No. My whole life revolves around being a contrarian. GIGACHAD
There's the 'buying - rare item- for - ridiculous price-' scam.
How does this scam work exactly?
@@Aldragon one way I've seen them do it is they put up Plat coins for a lesser amount
@@Aldragon Think hes talking about the "Buying twisted bow 1.2b" kind of scam. IE; he overpays like 200m
@@rickardsvensson7097 Right, so how does that work as a scam? I've never traded one to find out what they do.
To be honest the oldest orders that are at or above the sale price should have prio. The BGS and Mace situations are unfortunate but not scams. Several people put in low offers like that just in case they get lucky.
Easiest solution is to make the system buy at the highest offer price or lowest selling price that isn't autocompleted. This shouldn't be able to be abused because it'll only buy if it has the money in the "pile" for that item and you shouldn't be able to know that
They did not though, the system superseded the higher buy offer to fulfill the quota of the delete list.
Surprise adding regulation to economic systems results in disaster. Let's just delete OSRS and start over again from 2007 patch. This time don't add GE.
So with the item sink why dont they make sure it buys at least at alch value ?? or buy at the median price
could also do in-game shop price (selling or maybe even buying)
I kinda fell for the buy limit scam recently, guy asked for wrath runes, I managed to sell them for profit though, only like 1k or so but didn't lose anything at least.
so long sinc a video! missed u
What about those guys offering services of Inferno??? That's a very good known scam :) I have reported a bunch of them through the report method, but I think Jagex doesn't care at all !!! Thank you for this vlog! Great one!
When I was banking 99herblore I was asking people to buy me super sets since I hit the limit I lost track howmany people called me a scammer even tho super sets are one of the most traded items in game
Always wondered how that works. Ty
They already have something implemented within rs3, so it is kind of surprising they don't have something like this in place on osrs.
the potential for flipping has been insane the last few years
Merching clans are basically the OG crypto pump and dumpers
Good video bro
Did Flipping Utilities get removed from plugin hub recently? I can't find/use it anymore
I use to be in a merch clan back in 2009. The key is to not get greedy and sell before the clan leader announced the sell lol.
Your videos are amazing
good info here. but the buying limit scam.. how upsetting..
ive wanted the help before for long grinds..
I bought an anguish for 5m once when it was going for 15m I feel so bad for that guy lol
What a bargain
Don't.
He's the fool - you're the smart player.
Don't feel guilty for participating in the open market and succeeding.
Would you rather get caught in a pump and dump scheme in a Runescape merching clan or one pushed (unsuspectingly) by Jim Cramer? For some of us, we learned that lesson playing Runescape. For others, we learned that lesson in the real world market and brought it to Runescape.
I don't trust you inherently. Thanks Jagex.
So what if I were to put an item in way over market price and Jagex buys it for the item sink would I get the extra money??
Eve online allows in game scamming and I agree with the idea. It’s most prevalent in large population areas just like the real world. It adds to the big city feeling of these areas.
One time I was merching dinhs and instantly sold them by mistake for 1m each losing about 800m a low price warning would be nice
Honnestly I had to buy from player because of the trade limit several times when I was enchanting onyx bolts to 99... but yeah I guess its a rare exception
I've seen the merching clan scam on OSRS subreddits so also be careful there.
Merching clan kinda works with the GameStop stock, during that event. The people at the bottom buying it will make not much at all or lose money.
Do you think blood shards are victim to merching clans? They have skyrocketed to 10m recently from its former 4m and now its starting to drop again
rs3 has a popup warning for those trades if i recall, ye they never got it into osrs tho
legit had to ask to but arrow shafts the other day. was feathering them and ran into the cap. gave a small tip for the help.
ty for educating me
About buying items for others, in rs3 this is common. I myself have asked others about 20 times. And twice as much others have asked me. But if you do ask someone to go out of their way i will generally pay 500k per item extra for the hassle. Not a rule or anything but both parties get something that way. Which can help you not to look like scam when you need help. Ex. Seasinger robes for comps with only 2 buy limit per 4 hrs.
So that's why it was so hard to get more cballs when I hit the limit
Rs3 player here, GE has no tax and has a warning on items worth over 500k when you try to sell under 70% of value
If someone is selling such a high-ticket item like the BGS or Inquisitor's Mace, idk why they wouldn't just type out the entire number for the price they want to sell it at. How much time are you really saving by typing "M" instead of a few zero's?
Find it interesting OSRS *Doesn't* have that warning, especially given the sink system. RS3 already does, and the item sink system isn't in there.
The warning isn't in the game BECAUSE of the sink system.
Jagex doesn't care if you lose your item for 100gp - they PREFER it.
A ton of people ask for feathers they are pretty safe to buy
Feathers are a commodity and are in constant demand by fletchers and fishermen alike. But they also have an easy stock so it's pretty pointless to try and inflate the market with them.
I’ve seen so many people asking for burnt food at the ge - I’m guessing it’s a scam but I have no idea how it works. Can anyone explain?
Reminds me of the RS3 climbing boots lol they went to 1-200k before dumped
you mentioned merching clans and i swear down i had a fucking PTSD flash back to the rs2 days of tradelimits and min max prices on ge. a time when merch clans basically controlled the GE dark days
I'm 100% sure there are people saying "how can someone be stupid enough to fall for a merching clan scam?" and have a crypto wallet full of NFTs just waiting for the price to go up in order to sell.
I had a hard time stopping laughing this video. Man what a great start to my day
This is a problem for me, because I buy alot of iron 2hs and always hit my ge limit( which is 125/4hrs) and I have multiple accounts buying them as well. Rarely anyone buys them for me when I ask for them in the ge😅
It’s a friend chat for buying/selling rune items.
@@BMA_DuckIsLate I'm buying iron 2h's😂 not rune
been looking at ge tracker and ive seen high value items selling for a lot less at certain times of day, not sure if this has been covered or not but im guesssing it is the item sink but people cant be doing the same thing at the same times roughly daily... seems suss to me
“Buying max cash” “spending max stack, no trash.”
Yes that dhide armor for high alching hit buying limit all the time
Very interesting, applicable to real life. Make more please =D
I hit resource limit quite a bit doing high alc
I actually hit my buy limit...and I do ask people to help. I can't afford membership on 4 accounts to constantly hit my limit to keep up profit.
whats the scam where people are buying valuable items for more?
once went on a merchin clan like... 10 years ago, thought ti was a scam, but turns out they did held together. they actually not just marched, but bought lots of certain items in bulk for lower price, so they can sell it over a long period. so if you needed quick cash it was great, they would tell you to buy something and then you were Merching, risky
or you would be asked to make certain items, and then get those sold, normally these would sell for a very, very long time, or until a certain moment. their main item were herbs, and other items for double exp weekend. so when that day came, they would sell that stuff at a higher price and make billions.
most items to collect were I think
herbs
fish
wood
bowstrings
they took a big risk because what if an update came that would crash it, but from what I heard and remember, that never happened. but they stopped after marching became.... a big bad thing.
Question: I did some flipping today and the margins on items were rather good but the 1 percent tax made it so it was terrible margins, is flipping basically pointless now?
Nah I make millions a day flipping
No because margins are larger now.
has anyone seen that scam where the dude logs in, and a bunch of ppl log in after and they run up to him and say "are you that twitch streamer" or w/e and start "giving him items to double" or some shit.
Could you give me any tips on items I should be flipping with 80m?!?!
flip those pvm skills cause with 80m you're not making shit
Feel like the item sink should give either market value or like 10% less regardless of the offer they are taking. Like someone dumps an item thats picked up by the aink, they get 10% less than MV. If the sink lands on a MV item, they pay MV.
lol buying D claws for 1 gp now became possible... What a time to be alive
I've actually hit the but limit so often in FTP 😅
I've been helped a lot luckily.
Never for something low volume though, that is a very big red flag.
I've also fronted people some money for it too, which only opens me up to be scammed.
And you probably had a lot that did not need to buy off the GE at all, and just had those item on hand/bank in the first place.
More 1-99s, you make them better than anyone else. Hunter would be aweosme :)
you say it like hunter is a new skill
@@Audikontroller1 no i'm saying it like a hunter guide would be awesome for him to make I feel it has so many options.
On the buy limit thing, if they give you money to buy it it's probably OK never use your own money for someone's "buy limit"
I agree at way they are honest and you buy it at price they want it for.
In rs3 they have the "youve put in a sell offer way lower than the normal price" check and it always serves me well. Should be in os
Rs3’s economy is such that many items don’t even sell for minus 30-50% though… Osrs is very different in that sense.
Im suprised that merch clans are still around. I thought those died out years ago
If jagex wants to buy an item to sink it should be forced to pay the highest bid price like anyone else.
No. Ideally that's not what we want
You want the least amount of gp being introduced to the game in exchange for deleting said item, and the lower that gp is the better
Jagex should *always* be paying the lowest bid because that way less gp is introduced into the game in exchange for the item.
@@greenbean4422 If I understand correctly; all the gold for these purchases comes out of the GE tax; the GE is still a net gold sink and would be with my suggestion. I’m already letting Jagex cross the spread for free, saying they got highest bid instead of lowest offer even though they also have access to market data that the players don’t. Anything less is unfair to anyone who does not know the actual sale price of these items, which is ~everyone using the official client who doesn’t do tons of extra research, because the guide price is never reliable.
@@danielrhouck can you think with your brain for two seconds before opening your mouth?
You realize that with your system people would be placing their items on the market for 2147M and the "gold sink system" would instantly buy it, because it's the highest bid. This would literally introduce billions of gp into the game and hyperinflate the markets as well as effectively destroying the gold sink that the grand exchange was created to make.
You dont understand a single thing about the grand exchange If you think your suggestion was good.
@@greenbean4422 I’m sorry; I used some jargon from IRL markets which isn’t common in-game. I *think* that all I need to say is “bid” means only the price someone is willing to buy at, and “highest bid” implicitly means “highest standing bid, not anything that insta-buys”; the term “offer” is for selling, symmetrically. I wrote a lot more going into more detail just in case; you probably know the GE mechanics but it seemed like a good idea to have a full explanation.
In general, across systems (including how IRL markets work, how the GE works, etc.), there’s a book of standing, unfulfilled orders. The term “highest bid” is the highest standing buy price, and “lowest offer” is the lowest standing sale price; the terms are one-sided, and only about orders that don’t get fulfilled instantly. This means the highest bid is always lower than the lowest offer.
If you put a sell order in for max cash, that’s the highest offer, not the highest bid. Nobody cares about the highest offer, for exactly that reason. Similarly for if you put a buy order for 1 gp.
Without the new system, if you put a sell order for 1 gp, you are matched with the highest bid price, and the offer trades instantly for the highest bid (unless there is literally nobody buying at any price); this is why you can get more than you sell for. Here, 1 gp never becomes the “lowest offer” because it was matched instantly and never entered into the order book. If you put a buy order for max cash, you are matched with the lowest offer likewise if there are any sellers at all, and it is never the highest bid if that happens.
TL;DR: I’m still giving Jagex a better deal than any player gets, both because they see the full orderbook or at least the BBO (best bid/offer), and for queue-jumping reasons I didn’t get into here.
@@danielrhouck You still haven't explained why it's best for Jagex to be paying the highest bid (not highest sell offer)
It makes 0 sense to me - there's 0 extra benefit toward paying the highest bid than there is paying for the lowest sell offer, and in terms of coding I don't see how your idea is even possible.
You would literally have to linkup a database full of bid offers- of which could easily be manipulated by players who understand the system.
The very reason why your idea will never be implemented is because it can be taken advantage of. The reason why "highest" anything isn't going to enter the code is because the highest bid can change at any moment, and that change could happen ON PURPOSE. Merching clans exist whether you want them to or not, and if they understand that the highest bid is what will manipulate the gold sink then they will simply trade these items amongst one another until they trigger the gold sink in their favor.
It does not take a large imagination to reverse engineer any kind of imaginative coding you can think of to implement what you think is "best for the market" because you really have to consider not just what's best for the market in theory, but what's best for the market with the notion that BAD ACTORS EXIST.
lowest sell offer is the only way I see this being unexploitable and still good for the market. A gold sink *will always* benefit the market. If one player got careless and put his inquisitor's mace in for 300gp? Fuck that idiot - it benefits me to see his mace get vaporized and so I will be happy to see it go!
BUH BYE! Be a responsible actor in the market and you won't be taken advantage of.
Wish they could let you adjust the price while it was in the ge. Like decrease price button you can use every 20 to 30 seconds.
You can literally just remove the item and replace it within seconds
Yeah it isn't real-time, but it's there.
If this were a feature in the game people would literally always put their item at the highest offer and just hit the down arrow on price until their item sells lmao
At best I'd like to see a warning when selling something for less than half the currently traded price above 100k. If a player wants to sell their mace for 1 gp and the game decides to delete that, it is working as intended. If you did not intend the price to be that low, a simple warning of the mismatched price or grace period delay in the sale of 1m+ items would be all that's needed.
Edit: 4:16 Dang, beat me to it
I mean escape From Tarkov did this and people still don't pay attention and complain... we don't need to idiot proof everything, just take the extra second to confirm the price.
I love the scams where they have to give you a bunch of junk, usually like 50k worth before you ever risk anything. I just sell their stuff and act like it never happened.🤣
*chuckles in ironman*
Buy limit is a legit thing too though. Many times I've had to ask people to buy stuff for me for fletching specifically.
When i was going crafting, i hit the buy limit every day on black dhide
Had a weird dude ask me to buy corrupted dragon once; realized after the fact that the armor has tanked GE value to much less than High Alch value. Interestingly, he did go through with paying me for them what he promised, but he made bank on the subsequent alch. Very odd that something would get depressed below high alch.
Dragon med helms drop to like 58.5k giving you almost 1k profit per alch
looking at the item sink its gonna result in the ge being almost completely useless. people are gonna stop selling to the ge if they get taxed on it. or if the item sink randomly makes items worthless they wont wanna chance it,
In the rabbit foot scam, how does the scammer still get away with the 500K? You never traded him, he logged out. If you went to resell them on GE, anyone can buy them? It doesn't mean that he will get them? Not really a scam is it? Just a dog move to do? Or am I missing something?
He's the only one selling. And you're the only one buying. It's pretty much a one on one trade, done over the grand exchange.
I realize this vid is a few months old but I want to add to the "buy limit" scam, unless its a trusted friend never buy anyone items they have buy limit for unless they give you the cash up front. That way you do not pay more than what they gave you and they can't scam you
I got hit with the buy limit one when I was relatively new. Lost 10M to raw mud pies lol. Feelsbadman
in rs3 there is a warning for selling items lower,
There are definitely people on rs3 that do the buy limit scam, but I also regularly see regular players offering to overpay for obscure items they hit there limit on that are legit too, almost always something they need to disassemble for invention components though.
I tell my wife not to help them unless she is very familiar with the item or it is a clannie, she has only been playing for maybe 2 years,so she is still very new to the game.
That being said I've sold 100 zamorak mjolners for 30m multiple times to people at the ge, and it was safe for me to do that because I knew there value,that I could use them myself or get rid of them for no loss, but if you don't know the items value it is best to just leave it alone and they can wait
My very first day of members some guy scammed me by offering a bunch of divine potions in exchange for my rune set. It was my first time playing members in like 8 years so I had no idea what those potions were. Still can’t believe someone went out of their way to scam a rune set out of someone lmao
As someone who regularly asks to have someone buy stuff for me I don't like that choice
I only buy stuff for people when they're at limit if its just fetching stuff. Because that stuff makes sense to be at limit
Ive bought many 100k items in the ge for less than 1k. You just have to wait astronomically long periods.
Ive hit ge limit and bought stuff from others, i.e feathers or crafting materials
maybe the buy limit on osrs could be a scam but in rs3 buy limits are a big thing and we trade players all the time without scamming
thank you
there's one where someone asks you to buy them a common item like feathers because they hit buy limit. You do it and it's all good. They ask to add you in case they need more. They then start talking to you every few days and after a few weeks usually they will tell you they're anti-scamming someone and need your help. its on a PvP world and i believe this is a trust building part of the scam. I don't know much more than that because I've just anti-scammed at this point each time and made nearly 200m and now they won't talk to me. They target people with Twisted Bows and other high ticket items.
The merging clan is literally just a ponzi scheme, just look at the graph, a triangle lol