Well, people don't just buy keys for 2.49 and sell them at a loss immediately, they usually acquire them through trading and sell them or later on decide they need the wallet money at the moment more than the keys.
The bigger mystery is why keys can consistently sell for more on the market than they do in-game. I've heard people guess that it's because people who don't have CSGO buy them for trading purposes, which makes a little sense. For me personally, I live in a state that Valve taxes in so buying in-game would cost me ~2.70.
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Well, I know some people who buy and sell CSGO skins for profit and it's not uncommon for them to have hundreds of keys from making a few here and there. Say they want to take some of that key value and buy a shiny new game to play, well then they would need to convert to wallet to buy the game. Before the lock of cross-region trading, what they would most likely do is trade those keys to a person in the RU/CIS region (which is usually half the price of US/Canada/etc) and then that trader would sell the keys for the money to buy the game.
Also when it comes to CSGO trading, occasionally people will quicksell their skins on the market. If you find a knife or something on the market that's significantly under its going rate, you'd need wallet to buy it up and keys would do you no good.
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all examples you need:
http://www.steamgifts.com/trades/search?have=keys
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uhm imagine I have a game that you want, but you don't have any game\item I like, so you pay with N keys (based on my game value). I'll sell the keys or I'll use them for another trade, that's all.
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keys are 2.49$ in game, some people sell them for about 2.66$ on market, so the seller actually receives about 2.4$ or so, why does he do it? Isn't he losing? Please help this is blowing my mind ;-;
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