Stablizing the market(stop undercutting everyone people!)

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Originally Posted by Myrhn

If u expect to buy all the materials to make some gear and sell it for more than the cost of the materials something is wrong with u. Getting more gil from making gear, buying all materials, would only work if u allways make it HQ. For that reason, as a wvr/tan, i have all materials from my class and only buy ignots and such to make a profit

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The PRIMARY reason for why people expect that is because it, hum... Makes absolute sense since it's how it works in real life? I mean, at least that's what experience tells me. I mean sure game-world unnatural things like infinite income of money and infinite natural resources and levelling people and whatnot might bajoongle the market but at least THAT assumption is something that is eternally true, the price of the materials together will always be lower than the price of the finished product.

I love undercutting. Prices are too high on a lot of things, and if I want to move inventory quick I undercut big time.

Its also fun dicking around with other undercutters lol

It's an interesting conundrum.

I believe Price History only exacerbates the problem.

[insert some crazy reason for someone to undercut]
[undercut happens for the entire price history]

Then it gives the impression that no one is willing to pay any price higher than the undercut price.

I'm not sure what would drive a person to buy mats and sell the finished product at a loss price IF they're already level 50.

It would be more understandable if someone gathered the items, crafted a set while gaining EXP, made more sets than desired, and instead of auctioning to an NPC which takes their work out of the system, just wants to get it into a player's hands, auctions it off at break-neck low prices.

Supply/Demand
If the demand for an item is high enough, undercutting is a non-issue. As a matter of fact, it's a good thing.
Let's see a market for one day without undercutting.

/buys the last of "X Item" for "X Price"

Now there is no more "X Item" for "X Price" and the price went up and no one undercuts anymore so the price remains high. So, eventually you have hempen that costs 100,000G each.

SUCH A STABLE MARKET AMIRITE?


Edit: Not sure if this was said already, only read OP

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Originally Posted by Fiosha_Maureiba

It's an interesting conundrum.

I believe Price History only exacerbates the problem.

[insert some crazy reason for someone to undercut]
[undercut happens for the entire price history]

Then it gives the impression that no one is willing to pay any price higher than the undercut price.

I'm not sure what would drive a person to buy mats and sell the finished product at a loss price IF they're already level 50.

It would be more understandable if someone gathered the items, crafted a set while gaining EXP, made more sets than desired, and instead of auctioning to an NPC which takes their work out of the system, just wants to get it into a player's hands, auctions it off at break-neck low prices.

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its not about buying hte mats and crafting and selling. i gather my own mats. but instead of using them to craft i stand more to just sell them. this should not be the way it works.

It's all supply and demand. The higher the quantity in circulation, the lower the price will get. It's especially true with armor, as people who bought a body for 100k won't hesitate to put it back up for 50k to get rid of it. That's why it's a joke to craft in XI (and increasingly so, XIV).

XIV needs more consumables like XI (sneak/invis pots, food good enough to not be seen without), and even then you better get in and make your money fast before everyone bandwagons it and the profit margin falls to little of nothing.

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Originally Posted by syntaxlies

its not about buying hte mats and crafting and selling. i gather my own mats. but instead of using them to craft i stand more to just sell them. this should not be the way it works.

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yay someone understands

and thats the problem


whats interesting is if logic is involved, the raw farmed mats should be going down in price too....but they arent

its amazing how the people doing that are not undercutting each other for the most part.....but the crafters are to the point where it makes it not even worth it to craft at all

I really think we should designate fair prices for items in the MW. I would go through myself and make a whole list of what should be what price but, I don't have the time. xD

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Originally Posted by TheVedis

yay someone understands

and thats the problem


whats interesting is if logic is involved, the raw farmed mats should be going down in price too....but they arent

its amazing how the people doing that are not undercutting each other for the most part.....but the crafters are to the point where it makes it not even worth it to craft at all

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Ah! That sounds like a different problem than the undercutting of final products.

That is an odd problem. The materials should be undercutting too unless...

*shows evil mastermind that buys ALL materials below a threshold and reprices them at the "standard'*

Quote:

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Originally Posted by TheVedis

yay someone understands

and thats the problem


whats interesting is if logic is involved, the raw farmed mats should be going down in price too....but they arent

its amazing how the people doing that are not undercutting each other for the most part.....but the crafters are to the point where it makes it not even worth it to craft at all

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Just think what it'll be like when they make crafting so easy that everyone does it, I might be able to make a living buying stuff from the wards and npcing it for profit lol.