market failure

[BlackHaloJT]

If it worths 1000G, simply just buy the 80G one and resell it ^^

It doesn't work that way.. they will still undercut you buy a large amount. Not even a hour later I was undercut on a item by almost 30k. Sure if you need a item and its cheap it works out for you but as a thriving economy goes it isn't realistic.

[Nicobo]

It doesn't work that way.. they will still undercut you buy a large amount. Not even a hour later I was undercut on a item by almost 30k. Sure if you need a item and its cheap it works out for you but as a thriving economy goes it isn't realistic.

The suggestion was for OP example - 1000G vs 80G, it is 92% off ^^;
So in the same ratio, it will be listing an item on 32.6k and someone undercut it 30K listing at 2.6K...

[BlackHaloJT]

If it worths 1000G, simply just buy the 80G one and resell it ^^

The suggestion was for OP example - 1000G vs 80G, it is 92% off ^^;
So in the same ratio, it will be listing an item on 32.6k and someone undercut it 30K listing at 2.6K...

Yea I see what your saying I apologize for reading it backwards. Sad thing is like most people are talking about even if you were to buy it that low then sell it back to normal it would probably be undercut by that time.

I have done plenty of buying and reselling in the Version 1 days there seemed to be more market value for things. Did people undercut yes but it didn't seem as drastic because the materials were wide spread. I found if you have a good chunk of money your not desperate to sell for less profit. But I still will never understand even if a few people control the supply and demand of a item why they screw themselves by undercutting drastically and below value of a item. Maybe the problem is there is no actual visible median price of items?

[Tirabi]

It doesn't work that way.. they will still undercut you buy a large amount. Not even a hour later I was undercut on a item by almost 30k. Sure if you need a item and its cheap it works out for you but as a thriving economy goes it isn't realistic.

So buy those for 80g and mark them up to 500g, not 1000. Still a hefty profit for no work. I've made a ton of gil reselling undervalued items. I bought 8 stacks of vendor trash last night for 2g each that vendored for 203g each. People are stupid. It's not always gil sellers that are doing it.