Guide to Free Trade Sniping

Well, no one really bought my guide and some guy just leaked it on the RS General, so I'll post the full guide here.

COINSHARE SNIPING: BY UNIONLOZER

Ok, so although I call it sniping, technically it’s different than real sniping, but has the same results and basically the same way of doing it. It’s called "Coinshare Sniping."

Basically, Coinshare is used by clans who are fighting boss monsters (Such as Corp, Tormented Demons, Nex, Bandos, Armadyl, Saradomin, Zammy, ECT). When a clan "Coinshares" a valued drop (say a divine sigil from corp, or dragon claws from tormented demons) the item is immediately placed into the GE at MED price. The item is then sold to the first person who puts an offer in at med or above AFTER the item is placed in the GE. The reason why the mechanics are set up like this is so money is not removed from the game by the GE buying an item for 25m and selling it to another player for 30m (5m is lost).

Example of above statement:
Player A & Player B share a Coinshare dragon claws drop. Player C buys the dragon claws from GE
If player A & Player B were to Coinshare Dragon claws (guide price 25m) they would each receive 12.5m.

Say the street price of dragon claws was 30m, and Player C bought the claws for 30m. 5m would be lost to the GE, (+dclaws for A & B when they got drop, -dclaws when drop sold, +25m total GP) (+dclaws for player c, -30m from player c) Add those all up and you get Claws+Claws-Claws+25m-30m= Claws -5m.

Normal trades are like this. Player A gets dragon claw drop, sells to player b for 30m. Player A is +dclaws(from drop)-dclaws(from selling)+30m(from selling) Player B is +dclaws(from buying)-30m(from buying). Add those up and you get +dclaws, the original item gained.

"Coinshare Sniping" is much like regular sniping, except instead of mass spamming max price and waiting for the price to change, you repeatedly put an offer in for an item you wish to buy at Med +1 (Med would work but I always do Med+1 just to be safe).

Basically, say you have an offer in on a Divine Sigil for 1b, and, 5 minutes later, a clan "Coinshares" it. Even though your offer is more than the person who puts in a 750m offer 1 second after the sigil is placed on the GE, the person who put their offer in AFTER the sigil was placed on the GE will receive it.

So, say that a divine sigil (724.1m) is dropped after a team kills it (while using Coinshare). The sigil will be placed in the GE @ 724.1m, and will be sold to the first person to put an offer in at med or above after the item was placed in the GE. You can see the profits that can be made here considering that the "street price" for the Divine Sigil is around 1b.

Another way Coinshare sniping works is with high level armor/weapons that have been bought out. Say Dragon Claws have a "guide price" of 23m, but are being sold at 30m. If you were to effectively "Coinshare snipe" a pair of them, you would earn 7m.

The third way this will work for profit is with Godswords. Very often Godswords will crash and then be bought out (repeating the process over and over). While the hilts and swords are crashing, all the Coinshared hilts will be placed in the GE @ Med (However, since they are crashing, none will be sold). The items will then remain at the new med price (lowering everyday) until they are bought. When the respective Godsword is bought out, the hilts will still be buyable for around 5-10 hours due to the large supply that has been collecting at Med while the hilts and swords were crashing.

EXAMPLE: Armadyl Godsword has been crashing from 60m-50m in about a week. Then, it gets "bought out" and is now selling for 60-65m. You can "Coinshare snipe" a hilt and then sell it for some good profit. If you realize the “price bounce” soon enough, the hilts are still buyable for around 5-10 hours at Med, and after you purchase one of those you can immediately flip it or make it into a Godsword and sell it VIA W2/Forums/GE.

 

thanks for this shame it got leaked though

 

not bad,ive gotten 2 elys and a divine like this,a good way to do it is to scan forums for corp masses and start doing offers when they start.

 

good guide sorry it got leaked... thanks for sharing it though

 

i saw a thread on this ( selling for $ ) at first, it thought it was bullshit as im like " sniping after free trade " wtf?

now i know.

pretty brillant!

 

wow brilliant idea

 

I believe people have bots for this already haha

 

thanks man! this is great. going to use this.

 

I would like to see proof of this.

 

nice guide how much was it selling for?

 

Like $10 or 20m.

 

Wow Nice

 

thanks for the guide