I might be stupid but(Gem auction question)

Does the background itself disappear in a month? I thought that they would just not be obtainable after the sale

well we all know that lol

About the background (It's actually a profile modifier), yes they do.

They give a 5000XP badge with it, which most level hunters want

Some people quickly becomes unaware of the actual amount they're spending when there's no $ beside the currency they're using. That's why many freemium games uses coins or gems. They don't feel like they're spending money when they're using a virtual currency.

The only auction I bet on gave me the equivalent of a 90% off sale so it was worth it for me. Too many people however will go overboard and that's exactly what Valve is counting on.

As far as CS:GO and overbidding on games is concerned, I think they'll be a few different types of people, and probably more than what I'm listing here:

• People who don't realise and got carried away
• People who realise, but don't really care as they see fun and entertainment in the auction process itself, afterall we're not talking huge amounts of cash in the great scheme of things as far as some folk are concerned
• People who did really well out of cheap gems for boosters, they might consider that they're almost playing for free. I know in reality they'd be spending money they got from selling the boosters which they could've spent in the sale, or alternatively were trashing backgrounds and emotes for gems out of the badges they crafted with said boosters but they did have a nice little windfall. In theory, if I'd have made all my games with cards drop I could have acquired getting on for 700 boosters on day one when sacks were $0.03. I could see myself potentially falling into this category if I'd have got all those boosters and just had some fun with it.
• People who don't really care for backgrounds and emotes, other than the background they have on display yet have lots and lots of them to trash. They might not consider it worth their time to list them all on the market, and view this as a good way of getting rid of them, exchanging them for something more tangible to them. Again, to them it's almost a form of 'free' currency.

As far as the the background goes. It's about the e-peen. I just hope that everyone grabbing it can afford it and they're not addicted for their sake.

Steam brainwashes people into negligence their wallet

Also people are dumb, i think mainly is that, with this auction i've made more 10$ profit, while leveling up, my bids are the smallest i can keep them while still staying in game, ranging between 10 - 25 gems

And thats it

they have a shit ton of money, they don't give a fuck; deal with it

It's their money.. They can do whatever they want with it..

Wont make a new thread, i have a question too. Does anybody knows how the conversion rate (how much gems one item is worth) is generated? And is there any list where i can see which background, items give how many gems ?

Just go to your inventory and look at the items there, it'll show you. Some backgrounds and emoticons are worth 100 gems and sell for ~$0.11.