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Scalper group says it has ‘no regrets’ over reselling 3,500 PS5 consoles
- Thread starter CenturionNami
- Start date
While I understand the sentiments again scalping , it is not unexpected nor unrealistic that there'd indeed be people who do it to put food on the table/pay bills. It's easy for people to afford something worth 450-900 quid even if they are short on cash or don't have money IF they know that it's guaranteed to turn them a small profit within days. They can just buy 2 PS5 on credit and then sell it for a 20-40% markup and that's the decent profit.
It's not one person buying 3500 PS5, they probably have people ranging in thousands and each person probably sold like 1-2 PS5. Additionally, bitcoin was 5K is March, and it was 20K earlier this week. That's 8 months of wait to turn over a profit vs turning over a profit in a couple of days. Not to mention investing big in crypto requires a strong headgame and experience else you lose money. Easy guaranteed money vs volatile trading.
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I ended up getting involved in this, I sold a PS5 as I ended up with 2 and the store made it difficult to return it, so I stuck it on Ebay and it sold for £960.
I then did some research joined a group and with their help managed to get 10 Xbox Series X in the recent Argos restock. I've sold 6 of them on Ebay each for over £800
For me it's easy money that was too good to pass on. I invest in stocks have a decent private pension etc. but this was so much simpler and the risk involved is almost not existant.
I don't feel bad, if the demand wasn't there the consoles would have gone close to RRP as I'm not putting a reserve on them.
I then did some research joined a group and with their help managed to get 10 Xbox Series X in the recent Argos restock. I've sold 6 of them on Ebay each for over £800
For me it's easy money that was too good to pass on. I invest in stocks have a decent private pension etc. but this was so much simpler and the risk involved is almost not existant.
I don't feel bad, if the demand wasn't there the consoles would have gone close to RRP as I'm not putting a reserve on them.
The funny thing is, post ebay/paypal charges that seller's going to end up with a $100 profit or so. The seller would've paid around $770-800 for it, and ebay+paypal fee is 13.4-13.9%. Scalping on ebay seems to me is a lot of hassle for not much profit unless you are able to sell for almost 2x the price.
rtx 3080: Search Result | eBay
Buy and sell electronics, cars, fashion apparel, collectibles, sporting goods, digital cameras, baby items, coupons, and everything else on eBay, the world's online marketplacewww.ebay.com
it's happening with everything right now
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<p dir="ltr">You are bidding on a new Nvidia Geforce RTX 3080 Founders Edition printed image. From Nvidia, describing the 3080: "The GeForce RTX™ 3080 delivers the ultra performance that gamers crave, powered by Ampere—NVIDIA’s 2nd gen RTX architecture. It’s built with enhanced RT Cores and...www.ebay.com
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Shut your mouth Robin Hood , you're a fucking scalper, you don't get to have the moral high ground here
Thats pretty cool not gonna lie. In the end, people can decide not to buy products at a higher price.
User warned: hostility
Imagine being a scalping POS and bragging about it.
User banned (1 week): Hostility and Repeated Use of Slur Over Multiple Posts
It's not a brag, just saying that it's so easy to do I can see why people do it. I can't think of another product that has such a good ROI at the moment.
I guess maybe sneakers but that's not something I know anything about so won't be looking into it.
Also imagine being such a cunt you call people out on the Internet for it, goes both ways.
Calling scalpers out for being scalpers isn't being a cunt lmao.
Calling someone a piece of shit sure sounds like something a cunt would do.
In scalping there's no victim and you're not getting scammed.
Frankly, it's probably morally neutral or perhaps immoral (but with virtually negligible harm when the scalped product is a luxury item), as scalpers reportedly use bots to buy up PS5s in bulk. They then redistribute the PS5s to people with a high willingness to pay as opposed to the random random distribution of regular stores. While the latter sounds "fair", you could make an argument that giving the console to those who pay more for it, is an appropriate approach as well as it is probably indicative of a high desire for the product. I think the only issue with scalping that I have is that the willingness to pay is obviously impacted by your income, so someone who has a big desire for a PS5 but low income might miss out on the console in the launch week, whereas someone with a medium desire for it but a high income has access to it. And even then, it's just a luxury item nobody needs and that you can buy 3 months down the line anyway. It's a mild inconvenience at worst.
I agree with their position. This isn't something people depend on to live. Either put in the work to get one at MSRP, wait, or pay the premium. The hate for scalpers is far overblown to me.
It's a gaming enthusiast forum, so the average poster here is "someone who has a big desire".
Some of them have a low income or don't want to spend the premium, so naturally there is a ton of hate for scalpers here.
That said, the way Sony distibuted the stock wasn't fair to begin with.
People in the US had a way better chance to get one than Europeans. Germans and UK peeps got larger quantities than Spain or Portugal. Some countries don't even have a release date yet, others will never get it officially.
At least scalpers don't discriminate.
That seller is making all profit because they are just selling a picture not the product.
This forum is very likely to have rather wealthy users (centered around an expensive first world hobby). If those with a big desire and big income (like the average Era user) can't get their hands on a PS5 it means the supply is too low.
Yeah, I think that is the biggest problem here. If you want to wait in line (offline or online), get a single whatchamacallit (because there is a limit to how many a person is allowed to purchase) and then sell said whatchamacallit for a profit, that is totally cool. However, the idea that someone can force market scarcity (or at least exacerbate it) by purchasing a large portion of the stock is definitely scummy behavior.
I had someone offer $1200 for my ps5 at work yesterday. I've finished miles,demon souls and cod campaign so I'm seriously considering it as there's nothing to play on the horizon.
It's 3:20 am and my 10yo son and I just got up at 2 to try and score a PS5 for him. He's been saving for almost 2 years. The only place that had them in person was GameStop and each one in town got a whopping two. We were the 3rd person in line at 2:20. It's virtually impossible to get one online as many here know. It kind of pisses me off this is the route Sony took. He's disappointed and has no idea when he's actually going to be able to get one.
Well im not sure. It's clearly a shitty practice, but was that even legal?
Scalping 10 consoles and 3500 are 2 different things. Scalping a large number does not just surf on high demand, it actually largely contributes to it.
And that's not over, mean they probably stopped at 3500 because they could not get more, but what if they re-iterrate as soon as the supplies are getting produced?
I would not be surprised there would be a law against that.
Scalping 10 consoles and 3500 are 2 different things. Scalping a large number does not just surf on high demand, it actually largely contributes to it.
And that's not over, mean they probably stopped at 3500 because they could not get more, but what if they re-iterrate as soon as the supplies are getting produced?
I would not be surprised there would be a law against that.
Did you use bots?
If you used bots to get that stock, then no I think you should feel bad.You're cheating your way to profit.
Considering subliminal advertising is heavily regulated if not banned in most countries the experts of the world disagree with you.
In addition, there are people with compulsive shopping and buying disorders and other conditions who cannot control their own spending.
I personally know somebody that has this to such an extreme they have had to surrendered power of attorney over their own money.
Imagine bragging about scalping.
Now imagine the irony behind it, when those that participated in it, already have wealth but just can't stop being greedy on top of it.
Capitalism endboss, in the worst kinda way. Could have giftet these consoles to children hospitals or something like that but no, you need more extra cash on top of the cash you already have.
Now imagine the irony behind it, when those that participated in it, already have wealth but just can't stop being greedy on top of it.
Capitalism endboss, in the worst kinda way. Could have giftet these consoles to children hospitals or something like that but no, you need more extra cash on top of the cash you already have.
I would love to understand the thought process behind this statement.
I wish I had the arrogance to call another poster a cunt while having the most cunty post in this thread (see below quote):
For someone who doesnt feel bad you got really damn defensive there.
The buyers create the market not the resellers. New consoles are limited supply items, the fact this happens is basic economics. The only way to stop it would be Sony and Microsoft charging the price premium up front themselves. But basically these consoles are underpriced for the launch demand, so it's a given the price will inflate.
I wish I was this on-the-ball actually. Those are some nice margins.
It's easy to see why people do mean things to others for their own gain, yes. The hard thing for some is seeing the reason not to do something.
Anyone can max out their credit cards. It's not hard. People just don't do it because then you have to pay it back. If you're maxing out your cards for guaranteed profit then yeah, doesn't matter how poor you are, most people can afford a dozen or so PS5s.
I would actually argue that scalpers have driven demand up by limiting the stock more so than it should be.