Message to the 1 gil undercutters

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Originally Posted by Reap00

This is actually incorrect. If someone is stupid enough to have an undercut war with me I will gladly place the item at 1 gil. You can't undercut that pal. I don't need or care about gil in this game. I have more than I will ever need.

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Why would someone do undercut war?
I still have not seriously do trading so I don't understand.

Do they do nothing but watching the MB when online?

Oh, this topic again?

I've been known to post things at a higher than lowest price *gasp*! It all depends on the quantity, quality, and list price of the first 5-10 items on the board. If those listings are low quantity, then I can get away with pricing in the middle or top 3/4 of the group since people crafting need high quantities of stuff when leveling. If I've got HQ and NQ items and people are listing HQ at increasingly low prices, I'll list around the price of the 5th listed HQ then price the NQ at half that.

Of course, this all goes out the window when people are listing full stacks of 99 at stupidly low prices. I'll happily undercut those by a fair margin to make sure my lower quantity posting is attractive to buyers.

I don't believe current MB prices are due to people being malicious, I think they're due to retainers bringing back so much stuff that people are just trying to offload it and have little idea of it's past "actual" value. The glut of supply of formerly high-ticket items has (permanently?) tanked prices and we just have to deal with it, sadly. :(

its a free market

People who undercut by 1 Gil understand that's all it takes to bump you to the top of the list. They also understand what profit is all about. People who undercut by loads are just pure delinquents.

Quote:

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Originally Posted by Reap00

This is actually incorrect. If someone is stupid enough to have an undercut war with me I will gladly place the item at 1 gil. You can't undercut that pal. I don't need or care about gil in this game. I have more than I will ever need.

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I mean then I'll just buy it from you and then sell it at my own price. I dont think you are really sticking it to anyone with that tactic.

I kinda just place my prices at complete average, I am sadly not smart or good at the marketing endgame, I just like making chump change.

All undercutting by thousands does is tank the market and show that you yourself don't like making money.

That or support people who buy the severely undercut post and re-sell it at a proper undercut price. Either way, you're losing more than anyone.

"I don't want to actually pay attention to the markets to be competitive I will just throw hissyfits and tank the market for everyone instead".

Wonderful attitude.

Oh no! rofl

Nobody can stop me from undercutting by 1 gil. I do it everyone. Nobody is self, not even myself. Sometimes I don't realize the lowest price is my other retainer and I end up undercutting myself!

I wish people more regularly undercut by 1 gil. In my expierence people undercuts by hundreds and then thousands and then a 10k item has suddenly dropped to to 250g and the one moment it goes back up it goes right back down.

The MB is a frustrating place.

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Originally Posted by Ashliet

The MB is a frustrating place.

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Welcome to a world where players who do not have automated means to offer items on the Market Board do not have a disadvantage.

Welcome to a world where many players who add items only look at the default vendor price for items they post.

Welcome to a world where the majority of players aren't trying to charge 2,000 gil for an item that sells for 1000 gil at a vendor.

Welcome to a world where the fewer dedicated players can gauge not only the current prices but also look at the historical data for the item in order to reach a realistic price.

Welcome to a world where speculators are discouraged because someone can always sell an item for less. Again and again.

Welcome to Eorzea.

-- a member of the "If it'll sell for 10x more than the vendor price and I need the gil today, lets just get this out of inventory" crowd. Which is most of us.

I don't think most people realize the majority of their items are easy to acquire and almost worthless. I see people talk about how their "100k item crashed to 10k because of filthy undercutters", but if any item can crash to 10% of the average selling price, it was never worth 100k. The market history doesn't matter. If you sold a few for 100k you got lucky that it took a while before other people realized there was a market to fill. You're never entitled to 100k.
If an item is worth 100k, it will consistently sell for that. A few heavy under-cutters will have no effect because demand will buy them out faster than they can supply. Simple as that.

As well as bots being rampant, almost everyone has a crafter now. I've seen 150k items I was selling for a few weeks drop to 20k and I don't mind one bit, because honestly I was able to spam that item effortlessly. It's worth 20k. I'm happy I got lucky for a bit.
Due to oversupply crashing prices, people are desperately searching for niche markets all the time. This creates massive price spikes, where players will discover a niche, kill it with oversupply, crash the market, give up because it's not profitable and move to another item, which then causes supply to drop and the market becomes a niche again until players return to it. This creates a cycle and is the reason why sometimes it feels no matter what you try to sell, the price crashes.

The markets are perfectly fine. Everything's just too easy to get or make.

If you're undercutting things by 1 gil and it's still not selling, it means you're in a saturated market. Stop farming that or stop making that.

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Originally Posted by Liam_Harper

The market history doesn't matter. If you sold a few for 100k you got lucky that it took a while before other people realized there was a market to fill. You're never entitled to 100k.

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What's killing me with "WTF, REALLY?!" are people selling small bunches (3-5, probably from retainers) of Coffee Biscuits for 100-200 gil per. The profit margin on those things is so high that I have no idea why they put them on the MB other than they have no idea what their actual value is and because canny people buy them up right away to turn in for leves.

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Originally Posted by Catwho

If you're undercutting things by 1 gil and it's still not selling, it means you're in a saturated market. Stop farming that or stop making that.

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A lot of the 1 gil undercuts I see are items coming from quick ventures. Players can't control what they get.

Really looking forward to Endwalker's release since the loot tables should be changing then. In the meantime, my alts are leveling Desynthesis at a decent profit thanks to the flood of housing items.

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Originally Posted by Illmaeran

What's killing me with "WTF, REALLY?!" are people selling small bunches (3-5, probably from retainers) of Coffee Biscuits for 100-200 gil per. The profit margin on those things is so high that I have no idea why they put them on the MB other than they have no idea what their actual value is and because canny people buy them up right away to turn in for leves.

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One of the custom delivery quests rewards 3 Coffee Biscuits so those small stacks are probably coming from that (I've never gotten them from a retainer venture). If the player hasn't leveled CUL to 78, they can't do the leve for the 2k gil so the MB ends up being the place to sell.