Technically just before Heavensward's release but mid-Heavensward is when I seriously got into playing the game.
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i see it a lott goes from 150 k to 29 k in 1 shot
If you think that the item is worth millions instead of a few hundred of gils, buy from the competition at lower cost and sell them milions.
But that's how the market works. Personnally, when I see someone undercutting me from 1 gil, I undercut of 15% of the value and flood the market. Undercut for real or don't do it.
Making gils is not really hard, items worth millions like rare mount or minions are the worst way to make money as they are hard to farm and have few buyers.
Selling things that are craftable/collectable is the easiest way to make money. And if you want to setup a new price, just do it.
It wouldn't be a problem if it wasn't for the bots that automatically undercut the lowest version from 1 gil every 30 min, unless you undercut by a lot. That's something SE barely tackles, even if that's how gold sellers get their gold.
I would add that the servers where kinda dead for the past month, and people came back for the XVI collab.
The big undercutters are usually exactly that type of player. They're not out for max profit, they just want to get rid of what they have to sell for what they considerable a reasonable price. They're rarely out to crash the market to manipulate the market price (though I have done that on a few occasions when I thought the market price was excessively high for an item with low cost to make, especially if sales history made it look like one player was trying to manipulate the price for profit).
If the item is in high demand, the undercut should have no impact on the normal market price for the item since it will disappear almost as soon as the item was listed. If the item is in low demand and the price only continues to sink, then the price correction was probably needed because no one was interested in buying it at the going price.
Work smarter, not harder.
The MB is a battleground. Undercutters exist and won't go away any time soon, but we're about to see a shift in the board as we do every expansion. Time to prepare is now!