Undercutters

[aesteval]

Because when I see someone get all OCD about being the top listing on the marketboard I decide to destroy the value in the market. You want to undercut? FINE, I'll show you how.

[Renius]

Well, I got a drop last week

It's a drop there is no value to it unless someone sees it as valuable and is willing to pay the asking price. No one cares if it is rare or not. Value is a perception and it is set by what the buyer is willing to pay not what the seller would like to get for the item.

[SnugglesD]

Apparently this kind of thing is meaningless to someone who has hundreds of millions of gil, which, in itself, is a problem.

People that have hundreds of millions of gil got it by working for it. You got one drop and are now dipping your toes into the market. Undercutting is not new, market fluctuations are not new, and the principles of supply and demand are not new. Virtual economies are like real economies. If you want to play the market, you have to learn how it works and play within its parameters. Rules and practices are not going to change to suit your tastes.

[ChloeGrace]

.

Ok Gordon Gecko.

[Galborion]

Ok Gordon Gecko.

He is right you know...

[NorthernLadMSP]

LOL you started the undercutting and now you're complaining on the forum about undercutting.

[Rinari]

I specifically make my mission to not buy items that have been dropped by 1 gil. If both items were the cheapest I'll buy the more ''expensive' one.'

I do this to as a way to spite the 1 gil undercutters. While my little spites most likely go unnoticed, there are a bunch of us around acting as an invisible force to make 1 gil undercutting less worthwhile. If someone undercuts me by 1 gil, I either ignore it on high volume items, or give a bigger cut on low volume items.

If something isn't moving, I need to get rid of it to open up that AH spot. Sometimes I'll severely undercut to get rid of an item taking up space. Having it take up an AH spot IS a cost. I can see where someone with a 'one per month' 5M item would want to slash the price way down to get rid of it. It's entirely possible that they could move other items in that spot to make more over the month instead of waiting around. Opportunity costs! What is the cost of tying up your AH spot for a month? It would be the most profit you could have made selling other items in that spot.

Chloe's market contender was probably okay taking a month to make 5M.. but not 2 months assuming that 1 gil undercut sold first. They could have fired back with another 1 gil undercut, but would have led to a lot of effort keeping up the 1 gil undercut war. I expect they reasoned to just give up on the 5M / 2 month deal, and the ~5M / 1 month deal with constant 1 gil undercut babysitting, opting instead to take a 3M deal hopefully baiting in a quicker buy from some holdout that was watching for that particular music item. Seems reasonable!

[Deshavi]

I has someone do that a while ago. I pushed him from 460k down to 29k (yes, risky, I know). Bought them all up and sold them for 460.

[Clethoria]

Buy on weekends, sell on weekdays. I've learned to accept that it's ok to pull out because when I put it back up, all the undercut prices have been sold during the weekend, and I can put it up right back even higher than before and get a sale. Kids will be in school, and most adults will be at work.

This seems to be a problem for bigger servers because I remember glamour prisims running for 20k+ on a quiet EU server whereas on Ultros, they're constantly 2k or less. No undercutting on a smaller server, or not as much, cause no one's there to buy it.

A slap fight, I am now gonna use this term, will only make the other person giggle and buyers happy. Just gotta learn the MB or dominate it.

[Elamys]

Because when I see someone get all OCD about being the top listing on the marketboard I decide to destroy the value in the market. You want to undercut? FINE, I'll show you how.

Okay, that's kind of...well, not to be rude, but dumb. People want or even have to be top because people are just going to buy whatever is listed first (cheapest). Not so much the case in bulk items like crafting materials, but for gear or glamour items or orchestrion rolls and such, yes. Especially if it's something that doesn't move super fast, you want to be top or else your item is going to take even longer to sell. There's no reason for you to destroy the market because you feel like being petty.