Extreme Undercutting - Should it be a violation?

[Niraves]

I think its a free market and if Random Player # 4907 wants to sell the same fish as you for 1/10th the price, he has every right to do so. Is it stupid? Yep. Is it annoying? Yep. Is there anything likely to be done about it? Nope!

And no, I don't think extreme undercutting should get someone banned. What you consider 'extreme' might not be a big deal to them, and banning someone for posting an auction is just.. well its as dumb as the undercutting itself.

[Paladinleeds]

I think its a free market and if Random Player # 4907 wants to sell the same fish as you for 1/10th the price, he has every right to do so. Is it stupid? Yep. Is it annoying? Yep. Is there anything likely to be done about it? Nope!

And no, I don't think extreme undercutting should get someone banned. What you consider 'extreme' might not be a big deal to them, and banning someone for posting an auction is just.. well its as dumb as the undercutting itself.

Well from what I've heard, extreme undercutting with the aim of trying to crash a market (as in drive the prices down), is an offence in WoW and people do get banned for it. So something clearly seems amiss here.

Did you... actually reported someone for undercutting in the market...? As annoying as it is, the market is being controlled by the players. The prices you see are also controlled by the players. Undercutting is really annoying, yes, but I don't consider it a violation of any kind.

Yes, as listed in my original post, I actually did report myself for it (as I had done it in the past and was told it gets people banned on WoW. Had a friend give me a right telling off for getting as angry as I did at myself!). If I feel I've breached a rule, I am usually very quick to report myself. Perhaps too quick, but that's a discussion not for this forum.

[Niraves]

Well from what I've heard, extreme undercutting with the aim of trying to crash a market (as in drive the prices down), is an offence in WoW and people do get banned for it. So something clearly seems amiss here.

Except, you can't say for 100% certain that they are undercutting to attempt a market crash. And even if you could say it, you can't PROVE it. And neither can a GM. They can't punish a player for posting an auction simply because another player has the same item listed for a higher price and is just assuming they want to crash the market on said item.

[Lilseph]

Snip.

In my opinion, there's not much we can do here. Again, the prices are under the player's criteria. Some people take advantage of it and buy said items just to sell them back. Very risky in some circunstances. Extreme undercutting is aggravating because the item loses its value sometimes, compared to its base cost. The lack of regulations in the market are sometimes annoying, I won't lie, I've been victim of extreme undercutting in the past from people that have no idea how to operate with the MB or just want to crash the market. As much as I would like to have a penalty like... not being able to sell items on the market for several days, the economy here is 100% controlled by the players. It's really hard to have the GMs interfere with that because they don't have a chart of "What's the optimal price for X thing".

[Vanitas]

Well from what I've heard, extreme undercutting with the aim of trying to crash a market (as in drive the prices down), is an offence in WoW

This isn't wow/10

[Memoriae]

-snip-

Sorry for the double post but to wrap this up


You have to remember, this game is not WoW nor RS and you cannot treat it as such because all their own reasons, petty or justified, for implementing such a controlling policy. We don't always get what we want and sometimes we can get it faster than others, but at what price? It's up to you, op, to determine what you will invest in this market and what you use your gil on.

In the end eventually when the dust all settles, who is really the victims here? You or them? Losing sucks op, everyone here knows that, but sometimes you got to bite the bullet rather than paint yourself a victim of a flaw in the market system, because there are still profits to made elsewhere.

[StouterTaru]

Well from what I've heard, extreme undercutting with the aim of trying to crash a market (as in drive the prices down), is an offence in WoW and people do get banned for it.

If the market crashes as a result, then the item was priced excessively high. I made my initial fortune "crashing the market" on crafted ilvl 90 gear when it was a couple months old. The gear was listed (but rarely selling) on the MB at 500%+ profit. I flooded the market with everything listed at 50-100% profit (around what people charge off the MB), and sold more of the items in 1 week than had sold in 2 months on the MB. Other people started listing at reasonable prices, and I left a healthy market with 40M profit or so.

If the market crashes, it just means the item was horribly overpriced. Otherwise, someone will quickly buy it up and relist for an easy profit.

[dayspring83]

I think its a free market and if Random Player # 4907 wants to sell the same fish as you for 1/10th the price, he has every right to do so. Is it stupid? Yep. Is it annoying? Yep. Is there anything likely to be done about it? Nope!

And no, I don't think extreme undercutting should get someone banned. What you consider 'extreme' might not be a big deal to them, and banning someone for posting an auction is just.. well its as dumb as the undercutting itself.

Couldnt have said it better myself. If someone is that eager to sell something at a 90% discount, buy it up and re-sell it at the price you want to sell it for. I've made a good chunk of money buying out undercutters and reselling their stuff at my regular asking price.

[RichardButte]

I think its a free market and if Random Player # 4907 wants to sell the same fish as you for 1/10th the price, he has every right to do so. Is it stupid? Yep. Is it annoying? Yep. Is there anything likely to be done about it? Nope!

And no, I don't think extreme undercutting should get someone banned. What you consider 'extreme' might not be a big deal to them, and banning someone for posting an auction is just.. well its as dumb as the undercutting itself.

Yeah, extreme undercutting is facepalm-worthy, but not ban-worthy.

It's annoying as hell, too, and just as detrimental to those who do it, but as the old adage goes, "You can't heal stupid."...

[Princess_Momoka]

I think its a free market and if Random Player # 4907 wants to sell the same fish as you for 1/10th the price, he has every right to doso. Is it stupid? Yep. Is it annoying? Yep. Is there anything likely to be done about it? Nope!

And no, I don't think extreme undercutting should get someone banned. What you consider 'extreme' might not be a big deal to them, and banning someone for posting an auction is just.. well its as dumb as the undercutting itself.

Pretty much this. I will undercut war too a point, and that point is "Is this price worth my time?" Once that is no, I put up for a price where it is worth me dropping everything to replace it, and keep an eye on it if i want to change it to my equilibrium price in the future. (This means the undervalued ones sold and people are at price war in the range I like so I will join in) On my server there is a few named people that will undercut spam no matter what, I really hate how there is some people that find a way to play 24/7 and undercut spam but whatever, this point gil is literally useless atm so I am picky over selling things. I do not care if I still got 3.4 -250 stuff still listed, if they want it for a glam or whatever they pay my minimum threshold, if not they can wait, that simple. I do not understand how and what goes though people's minds selling a HQ product like the 250s back in the day for lower then the material cost. What really did not shock me though is when the people stop doing it, people bought my stuff again. (Meaning they didn't bother to replace and undercut war again)