Market Ward Madness

[HurtigeKarl]

Ah, someone with business sense!

Depending on how often someone sells there, it is risky behaviour, since the miners are likely to have a hell lot more of ore than they put on the market. (I.e. the miners are pretending to have lower supply than they actually have, to get better price for the work they've already done) So if the miner sees that he has been bought out, he should immidietely put more and more ore into the market. On faster markets, you may have time enough to sell some stuff if not all before the miner puts more of his stack there.

[Leowilde]

Whenever I try to sell something, and every item before mine has been undercut by, say, 10 gil each time, I raise the cost of my item to 10 gil above the one before me. In a futile hope that it will stop there lol.

[FrogDog]

If I had to pick between 1 gil from a vendor and 1 gil on the market board, I'd probably pick the market board. It's such an insignificant amount of gil that's lost and I'd rather somebody use those items than vanish.

[Noata]

Well buying and reselling under cutters is very profitable, and its not really risky if you know the market your selling in. Playing the market is mostly common sense realizing that most people want instant sales. also where did this 19 gil of 99 gil loss come from. 5% tax on either end would at max be 10 gil... where did we start suffering from a 20% tax on the market

aww i found the guy, its closer to 5 gil loss, so yes you lose 5% again its nothing big, its 5% loss but you enable products to be made, which means that the 5% you lose may have helped a crafter make that absolutely needed item when leveling your lancer. Really this economy is fine, the measly 5% loss is nothing to whine about. most items have a higher then NPC sell value on the market if there for crafting.

[Leowilde]

If I had to pick between 1 gil from a vendor and 1 gil on the market board, I'd probably pick the market board. It's such an insignificant amount of gil that's lost and I'd rather somebody use those items than vanish.

I'd go for the vendor, as 1 gil sell on the market is just annoying.

[MorbidAngel]

People just don't know how to play the market. The only tactic they know is "undercutting". Like in this example:




For some odd reason, the guy indicated by the orange arrow undercut the other guy below him. I guess he was in a hurry to sell, what doesn't make sense is that he then proceeds to undercut himself, and then more people follow and keep undercutting the undercutter (red box).

So what I did was simple, buy everything in the Green box and flip it for 380, making profit from other people's darksteel ore.

Tell me about it. Farmed some boars hide last night just to come back to a 400 gil per decrease in the span of 45 min...

[ghondon]

Well buying and reselling under cutters is very profitable, and its not really risky if you know the market your selling in. Playing the market is mostly common sense realizing that most people want instant sales. also where did this 19 gil of 99 gil loss come from. 5% tax on either end would at max be 10 gil... where did we start suffering from a 20% tax on the market

aww i found the guy, its closer to 5 gil loss, so yes you lose 5% again its nothing big, its 5% loss but you enable products to be made, which means that the 5% you lose may have helped a crafter make that absolutely needed item when leveling your lancer. Really this economy is fine, the measly 5% loss is nothing to whine about. most items have a higher then NPC sell value on the market if there for crafting.

ehh bad math sorry was early in morning drinking coffee. I excel at math as well dont know where that clicked in my head. It is definitely 5 gil Good catch

[Mairuzu]

People just don't know how to play the market. The only tactic they know is "undercutting". Like in this example:




For some odd reason, the guy indicated by the orange arrow undercut the other guy below him. I guess he was in a hurry to sell, what doesn't make sense is that he then proceeds to undercut himself, and then more people follow and keep undercutting the undercutter (red box).

So what I did was simple, buy everything in the Green box and flip it for 380, making profit from other people's darksteel ore.

This.

Especially when its a constantly moving item. THAT DEMAND!

[Ramsey]

Selling the same item at multiple prices can be a valid tactic, but it's not usually a good idea on commodities. Dealing in commodities is insanely annoying, I don't envy anyone making their profits off of such an item. The only way a decent profit can be made is by buying up the competition, which is a lot of work. At least on finished products you can crash the market.