Undercut Hell

[Lito00]

Nobody cares about the plight of the 1%

I am not going to participate in the debate/discussion... but I did want to mention that this is actually quite an insightful comment. Much more insightful that it first seems at a surface level.

If you take the time to ponder this (particularly how it applies irl), you would be surprised how one-sided and closed minded many arguements/debates really are. In game, for sure... but also, as I mentioned, irl (regardless of which stance you take on most matters).

[Eye_Gore]

I'll undercut by atleast 10% or more just to drive the price the down, when it reaches a good enough decline I will buy it up and resell at back at the price I originally undercut, after I made my first million doing this, I figured it was a good way to manipulate the market. They put it there for us to use it as we see fit, so I made the system work for me.

[Maduro]

The markets in this game and the emotional response that people have just crack me up. I love how many people are willing to share their "trade secrets" with other people, but people just write-off the suggestions for one reason or another. Personally the undercutting/overpricing game is quite funny. Every once in a while I go and adjust prices on my items for sale and I crack myself up. I normally do the undercut by 1 gil, so my item is at the top of the list for at least a min, so it really cracks me up when I have something like an animal skin up for sale for like 600 gil but end up just having to NPC it because there are 500 of them listed for 1 gil each. Looking back on it, it cracks me up that I would even put it up for sale for that much in the first place.

[Izsha]

Ah the undercut threads. Always a popcorn eating good time at work. Please continue to entertain me with faulty understandings of rudimentary economics bound with the emotional zeal of social injustice and moral righteousness.

[Eye_Gore]

I be like:




After the close:



Then me:



You:

[Kyoskai]

>Hates undercutting
>Buys all the undercut
>????
>Profit

[Bleakk]

Economics 101

[HakuroDK]

This is what a free market is. If you see someone undercut you by an obscene amount on an item that is in at least a moderate demand, then buy that item, relist it at a more appropriate price, and gather the profits. That's one option, and an option that I personally take advantage of from time to time. There's not a huge amount of integrity in this option, but it's the most efficient method.

Another option would be to ignore the undercut price, acknowledge that it is only one or two items that will get sold quickly, and keep listing at your intended price.

[Krr]

We do not need a blind auction system. Any advocacy for it is just advocacy for supply-end price manipulation.

Markets only function when both buyer and seller have full information on what they are buying and selling, which blind auctions prevent. Blind auctions are part of the equation making FFXI's market economy dysfunctional.

Undercuts are not 'malicious' or 'exploitative'. They're basic supply, demand, and market competition theory. The 'undercutters' are not denying your ability to make a sale - your high price is generating a surplus you need to react to.

All the same tactics used on the FFXIV market board are tactics used in the real world every day and considered legitimate uses of the free market. Including one-gil undercuts. Haven't you ever seen an item for 39.99 instead of $40.00?

[Relaeh]

Everyone undercuts b/c their dumb and do not know the meaning of the word patience...you playing an mmo but are in a hurry.