Blamed for sell on market?

[Zhi]

Because the last purchase was from months ago. Go ahead and buy and relist if you think you can make a profit with it

[zemogFC]

real talk: in this instance, there are two items for sale. Even if the OP undercut, who cares? When its gone, then the other seller will have the only item listed. I'd want to get rid of the OPs item as fast as possible so that I could totally dictate what I get for my item - the sole item left. At this point the balance of supply and demand is so screwed, the other seller can do whatever they want.

I guess you missed it. People will undercut the absurdly low "sell it fast" price and suddenly the market for that item has crashed.

I literally price my items 1 gil lower than the lowest priced item. People will still buy mine first and I don't screw myself and others over by crashing the market on that item.

[Moheeheeko]

He shouldn't have made that tell, but I can understand the frustration.

Undercutting by 30% like that is a surefire way to crash the market.

[zemogFC]

What he should have done is bought your severely underpriced item, and then re-listed it for 95% of what his other retainer is selling the item for. That way he's making a profit on both items and you get your gil.

lol I do that too. If I see someone trying to crash an item I'll just buy it myself and relist at the same price as whatever I'm selling. Its sucks having to be the market board price protector though.

[Alistaire]

I guess you missed it. People will undercut the absurdly low "sell it fast" price and suddenly the market for that item has crashed.

I literally price my items 1 gil lower than the lowest priced item. People will still buy mine first and I don't screw myself and others over by crashing the market on that item.

Yup, there's only 2 reasons to undercut:

1. to be the lowest up (don't even need to do this if you sell it in a different city)
2. nothing's selling for a significant amount of time

Nobody needs gil so fast as to wreck the market with ridiculous undercutting.

[Welsper59]

Huge undercuts are obviously good for buyers, bad for sellers. Lets say you're a crafter, and you have found yourself a niche market selling boots at 35k a piece. Then here comes the OP who puts his 1 pair up at $20k because he wants to sell it fast. If another person comes along and also adds their boots to sell, they will base it off the now-low-price of $20K, as will most future sales. And sadly it doesn't tend to stop with just one seller. So OP sold at $20K, next person may come along and drop it another $5K, so on and so forth.

But again, that's how this game is setup. Whatcha gonna do. Just have to then try to find some other market that no one else has tapped yet and hope some person doesn't come along and crash that for you too.

I dislike people that flood the stock of a low profile (see slow-selling) item. Why would someone put up 8-15 of this item that only sells one every 1-3 days? That's just begging for undercutting. The idea may be to move more items by dropping prices, but unless the item sees frequent purchases, which isn't a reality for certain goods regardless of how cheap they may get, it doesn't help the market on that particular product. You typically won't see items of base value (material cost) of 150k+ make numerous daily sales unless there's some sort of return value, like seeds or materia.

I don't really care if people undercut low/no stock items, as long as they don't flood it. High demand goods are fine as well, since someone will eventually pay the non-undercut average price, depending on how costly that is. Obviously, certain goods like materia may take longer to sell at that higher price tag, due to constant re-stock and undercuts usually, but going prices usually aren't too bad.

[Rbstr]

Yeah, what pretty much everyone else has said. It's not going to "sell faster" because you undercut - if someone wants to buy it, they're just gonna grab the lowest on the market when they decide to look, whether that's by 1k or 20k

That's not true, there's an elasticity to demand with price. Lots many many more people would buy Heavy Wolfram pants or whatever at 150k than 450k. Most of the people that want to buy 450k pants have already done so and don't need spares.
Crafted gear demand is extremely elastic in price because very few people actually need it.

Sure, the 1 gil cheaper undercut will sell *first* but a 50k undercut is certainly going to sell more quickly.

[NyneAlexander]

I guess you missed it. People will undercut the absurdly low "sell it fast" price and suddenly the market for that item has crashed.

I literally price my items 1 gil lower than the lowest priced item. People will still buy mine first and I don't screw myself and others over by crashing the market on that item.

oh no, I got it. But in this instance, there are only two items listed. The market won't crash. The OP undercuts and sells their item quickly, and then the angry other seller has complete control over the market price. He could have also bought the OPs item and relisted it at the price he wanted and made another profit.

[Tupsi]

That's not true, there's an elasticity to demand with price. Lots many many more people would buy Heavy Wolfram pants or whatever at 150k than 450k. Most of the people that want to buy 450k pants have already done so and don't need spares.
Crafted gear demand is extremely elastic in price because very few people actually need it.

Sure, the 1 gil cheaper undercut will sell *first* but a 50k undercut is certainly going to sell more quickly.

Then you realize:

"Hey, if I drop it 50 MORE thousand lower, people will buy it even faster!"

Then the next person:

"..But if I drop it by 120k and sell it for 30k it'll fly off the market!'

Then the next person:

"But at 10k or less it's sure to rarely stay up on MB!"

And thus, a market crash is born.

[Senfei]

I don't understand why you would undercut that much anyway. This isn't like a hot item that someone with only 120k gil is gonna blow their life savings on and your massive undercut will actually enable them to buy it. A 1 gil undercut probably would have sufficed.

No need for the personal message though, I will concede that. I do get annoyed when things get massively undercut, but I've learned not to get upset about it and shift my focus on the market elsewhere until the damage is undone or it stabilizes at the new price and I just have to deal with a slight loss in profits.