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it seems that if a game you previously did a ga for becomes un-givable, it gets removed from your level calculation like you had never given it. I may be wrong on that, just how it seems.

I'm pretty sure this is intentional, or at least considered not worth the required resources. A bit like how the actual CV values aren't stored, but simply follow the price that's on Steam.

I don't think that info is actually stored anywhere - simply derived from the current Steam API and price info, cross referenced against the bundle list. With the number of giveaways I've done mine changes almost every day according to price changes, glitches, etc.

it only goes up.

Not sure why you assume this is a glitch since you saw the previous thread about this

I assume that isn't possible due to how much this would affect the servers or something.

Retroactiveness is all the rage around here.

It happened to me yesterday!
I was at 50% of the 4th level, now i am at 25%

It's not only CV level or giveaways, but also whitelists & blacklists and pretty much entire data - for example if you earned your first whitelist in February, and second one in April, then if that first user made a mistake and removed you from whitelist and added you back, then you wouldn't see your first WL from February anymore, but from April, and now the second.

Of course, in "big picture" those are misc irrelevant things, and with higher values it's impossible to actually pinpoint them, but from logical database view this is the best possible decision cg could make, because it doesn't add any extra info or overhead, but is purely based on what SG already has - dates of your giveaways, their price, date of whitelists/blacklists, and so on.

So no, it should stay like this, and I'm glad cg decided to go this way.