If you’re wondering why Steam is either super slow, or crashed entirely right now:Valve just updated CSGO to let you trade up reds ($10 skins) into knives ($1000+ skins) and the entire market is crashinginsane lmfaoOctober 23, 2025
In their post, a user explained: “If you’re wondering why Steam is either super slow, or crashed entirely right now: Valve just updated CSGO to let you trade up reds ($10 skins) into knives ($1000+ skins) and the entire market is crashing.” One commenter complained, “My knife just dropped $1,400 in value in the span of 30 minutes — what the fuck,” while another shared how they’d profited from the sudden volatility.
how do I explain this to the IRS pic.twitter.com/Cg7ldLw23UOctober 22, 2025
One player wrote, “I just sold a skin I bought for like three dollars months ago for 35 lmao. I liked the skin, but it would be stupid to miss out on a 10x profit.” Another user posted a screenshot showing Covert skins that had surged in value — “*formerly $10 skins.” Reddit is full of similarly stunned, delighted, and furious reactions. A thread even notes collectors who profited handsomely, and there are memes too — including a fake Warren Buffett quote urging panic selling.
One player tallied their “worthless red skins” at £3,329,612.70 — roughly four and a half million US dollars by Google’s conversion — and shared the figure online. Across forums and social feeds, players described a wild, confusing mix of disappointment and windfall gains.
Valve has not publicly responded to the divisive Trade Up update — which the developer described as a “small” patch — nor addressed the community’s intense reaction since the change went live.
