And yet you cry about this...
BTW it is not hard to make 5mil if you started with 10 mil. You can always lose gil easily enough.
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One thing for me is if there are several items up for say 10k and someone puts one up for 9999 I will buy the one below it for 10k. If you are going to undercut someone don't be cheap about it, give a better deal than one dang gil imho : ) I undercut when I need some gil fast or have an odd item I have no need for and just need the space. Checking history is very helpful, if an item has a lot up for sale but only 2 have sold in last month then I might undercut a lot to get rid of the item. I don't do that a lot or with a lot of items, just when it's kind of urgent. But hey, it will always happen so figure out a new strategy instead of expecting other people to make it easy for you.
When I'm choosing to undercut, after playing the 1 gil undercutting game for awhile I honestly get tired of it and do a steeper undercut to discourage further undercutting. Most of the time though, I just leave my items listed. I'm comfortable with gil now and I don't have any need to sell at a lower price. Usually I try to simply list something in another town and price match, and that seems to work just fine MOST of the time.
I've been known to undercut people until the item's barely worth selling, then yank mine from the market and wait for theirs to sell so I can relist mine higher. I swear, the PVP on the market board is better than Frontlines. :3
I agree with the op to an extent. I certainly don't disagree enough with the op to insult their outlook.
Personally, if I'm undercut too deep I'll flip it, but that's just me. I do the same thing in real life sometimes.
Nobody cares about the plight of the 1%