Market board logic - how to loose 100k in 8 hours

In my opinion easy solution to stop the mass reposing is put the tax upfront.

Aka you pay the taxes when you post not when it sells. That way every time you pull off a 100k item to undercut by 1 gil you lose 5-8k gil instantly.

That’s why I only undercut by 1 gil, sure you may think if seen petty, but am I ruining the market for everyone else?

Occasionally I will just say fck it and undercut by hundreds of thousands if gil if the dude I’m competing with just won’t stop undercutting by thousands of gil on items that cost hundreds of thousands of gil, eventually bring the price down to rock bottom anyway.

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Originally Posted by E4EO

That’s why I only undercut by 1 gil, sure you may think if seen petty, but am I ruining the market for everyone else?

Occasionally I will just say fck it and undercut by hundreds of thousands if gil if the dude I’m competing with just won’t stop undercutting by thousands of gil on items that cost hundreds of thousands of gil, eventually bring the price down to rock bottom anyway.

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It's not petty to undercut by 1 gil. In fact, it keeps the market on that particular item from crashing. It's petty to undercut someone out of spite. "What's this? Someone put the same item up as me, and undercut me by a gil?? Well, screw this a-hole, I'm going to cut his price by 50k. Yeah! That'll show him to undercut me by a gil!" So the undercutter finally wins over a buyer, at 50k less than what it would have sold. There was also a good chance that the buyer would still buy the item that was not undercut to spite the player that undercut their item by 1 gil. That's how the market is.

That's basically the attitude that the undercutter sets off. He/she usually has no clue how the game's economy works, and thinks they are doing a service when all they are really doing is cutting themselves short. That said; it isn't always wise to undercut by 1gil. If the average price is much lower than the going rate, chances are undercutting by 1 gil isn't going to help much. I totally get severely undercutting price spikes to bring that crap back down to more reasonable rates. Some players think that monopolizing a particular item allows them to set the price at whatever they want. Not so much.

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Originally Posted by E4EO

That’s why I only undercut by 1 gil, sure you may think if seen petty, but am I ruining the market for everyone else?

Occasionally I will just say fck it and undercut by hundreds of thousands if gil if the dude I’m competing with just won’t stop undercutting by thousands of gil on items that cost hundreds of thousands of gil, eventually bring the price down to rock bottom anyway.

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when something like that happens I will increase the price with millions until your item has sold or discard/sell it to npc.

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Originally Posted by Krojack

Funny because I made a similar comment about bots on the MB and people jumped all over me saying it doesn't happen. Pretty pathetic when people don't think bots work the MB in this game.

I for the most part just gave up on the MB. I make money just by doing things in the game and it slowly builds up over time. Crafting doesn't make money anymore beyond that first 1-2 weeks after new gear comes out.

Also SE won't ban gathering bots so there is very little money in selling mats. I have been reporting 2 max level gather bots for over 2 years now and they are still going strong. They gather all the Aetherial Reduction nodes and sell the sands and crystals/clusters.

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I make a million or so a week gathering and crafting basic materials so there is plenty of money to be made in selling mats

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Originally Posted by Kleeya

While the mogstation is very far from the worst p2w games i have seen, additionnal retainers doesn't make us all equals, and can heavily influence how you are using the market board.

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QFT.

Additional retainers are P2W when it comes to making gil. Just from having more sales listing up on the MB to spamming quick ventures with 10 retainers.

I have the 2 standard retainers on the standard account. My main's retainers, I'm always updating the prices. Alt retainers, I check once or twice daily, it doesn't matter so much if people undercut me because it's guaranteed some of my stuff will sell with the sheer number of things I have up for sale across characters.

So I can imagine,someone with the max number of retainers and on standard account probably will have a much easier time making gil.

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Originally Posted by Skivvy

I loved running across those rare purchases of really expensive items where it sold for like....1 g, or something insanely low. I never managed to get one of those myself, but was still always amusing to see. Good times!

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I was there for Raise III. Remember that? BCNM60 I think it came from. No one never bothered to 1g that one. Infact I think it still reached the highest price(4mil) for a spell drop..(for those that never played, the totally casual player can make 4mil in 4months from doing FFXIV dailies. FFXI..that same person might need 2 years LOL).

Ah yes, Refresh is another one too. Oh wow I feel spoiled by FFXIV now. Lets bw glad we dont have to buy spells/get them as drops. That was a market nightmare.

It's "Lose" not "Loose" by the way

I'm one of those evil undercutters because I am poor in reality and can only use the two retainers so limited space to sell.

There is no real instruction.
For example if someone put out a thing for 200k and manage to sell it.
And then some random guy happend to have the same thing and decides to sell it for 100k without looking at the sales log. And then there we have u who sells it for 99k and gets mad by someone undercuts you by 10k.

Market Board has no rules, instructions whatsoever.

Ouch. That really hurts!

Also one thing to note on this game is if I stick something on the MB it means I don't want it anymore. I'm going to post it at a price I feel it will sell for. And if it's there too long I'll lower it until it gets to a point where it's too close to the vendoring price of dumping it on an NPC. The listings that make me shake my head are the people posting stuff so low I can buy it off the MB then vendor it at an NPC and make a profit.

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Originally Posted by RitsukoSonoda

Also one thing to note on this game is if I stick something on the MB it means I don't want it anymore. I'm going to post it at a price I feel it will sell for. And if it's there too long I'll lower it until it gets to a point where it's too close to the vendoring price of dumping it on an NPC. The listings that make me shake my head are the people posting stuff so low I can buy it off the MB then vendor it at an NPC and make a profit.

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I think this is because there are thousands of people like me who have, basically, infinite money and just by habit dump everything on the MB? Marketboard interaction is something new players do, or those who enjoy it. Nobody who has played any amount of time and invests the first 1-2 hours of each patch and expansion to making money has under, I dont know, 100 million? 200?
I know several in my FG, despite taking large breaks, sit at a comfortable 100 mill and simply dont care about gil.

As to the OP: You value ingame money, the other guy probably just wanted to get rid of his stuff quickly so he can use the freed up slot to dump something else. I dont think he was playing the same game as you here.

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Originally Posted by Neetborn

I'm one of those evil undercutters because I am poor in reality and can only use the two retainers so limited space to sell.

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As much as I dislike the undercutters. Your post is not brought up very much when people complain about it. The game has poor itemization and inventory management. People accuse others of hording. But MB is tied to this system and in order for someone using the given inventory and MB space they can't afford to be passive with how they sell. They are one step away from vendoring it.



So if they keep it they are hoarders and if they price it too low to convert it to one of the few unlimited(almost) inventory spaces in the game (gil) they are foolish players that don't understand markets. The system is not equal for all players. I apy a few extra hundred dollars a year and can afford to sit on some things. This person can't.

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Originally Posted by Kukulumi

Yesterday i saw that neo-ishgardian rings were sold for 168k gil, so i crafted
2 pieces, but by the time i put them on market board, one seller had undercut the
price to 150k gil.

Thats a shame i thought but undercut his price anyway. his next undercut was 20k
gil, and then 10k. - By that time, i wanted him to realize what he was doing,
so i undercut him with 1gil on one ring and with 10k on the other ring.

Some hours went by and other sellers had lowered their prices also.

8 hours later he was gone and the prices were around 80k gil, and i checked the
price history and saw he had sold for 50k gil.

Then i raised my price back to 168k gil and went to bed.

- I mean, what is this kind of sorcery? If he had undercut that diligently
but instead with 1 or 10 or 100 gil he would have sold anyway and be 100k
richer.

Am i missing something or did he do very wrong?

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You didn't "Lose" 100K gil. You never had it to begin with. Items are "worth" exactly whatever people are willing to pay.

They were willing to lower their price to sell their items sooner than anyone else. That's economics in unlimited supply.

Honestly it sounds like the biggest problem is the "Screw you Got Mine" mentality. Can call it economics or whatever you like but that's it underneath all the rationalization.

You should buy it and manipulate the price on your own lol.

I remember myself buying out all the dispellers and then selling them for twice the price i was making about 700k a day. :p

I'd rather sell 30 meerkats for 400k overnight to someone who wants to resell them (and did exactly that), than sit on them and sell one every 2 days for 500k in the 1 week before the market tanks them to 300k and i have to question if they're worth the space.

I also wish I had sold 5 more at 8 mil instead of holding them at 10mil until the market crashed to under 1m in less than a week after 5.3 hit.


Some markets arent worth playing the undercut by a few gil games.

If they arent selling well, lowering the price a miniscule amount of gil isnt going to magically make someone decide its finally in their price range.

If the last 20 prices for a_ring is 100k, and the board is trying to get 130k with 0 sales at that price, its not worth 130k, im going to sell it for something people will spend on it. Haggling over 10k on an item worth 10 times that is a great way to waste a lot of time.


for AH'ing, give me the GW2 system and call it good. Virtual markets need to be driven by both supply and demand, and nothing says "functional and efficient" like being able to buy from the lowest seller, sell to the highest buyer, or create buy or sell offers if those dont meet what you think its worth.

I can understand undercutting to a point...
I've seen people sell things at the same price as the sell-to-NPC price or lower and it just seems weird. :B

I sell every shiny thing (aka weapons that are legit shiny or have a neato effect when you unsheathe them) I know I won't ever use, at around 50k. Housing items? Also 50k (but only if they're one of those pricey, fancy pieces). Fancy clothes? 50k ... maybe. Minions? yep, they gotta be 50k too (again, taking rarity into account).

... Unless it's ingredients for CUL/ALC. I always sell stacks of those dirt cheap XD