Undercutting

[Eraden]

I have no crafting skills. I do not care to craft. My character is a level 90 miner and level 90 botanist. I make most of my Gil by selling gathered materials to the market board. That having been said, I have NO PROBLEM with undercutting and selling for lower amounts. It benefits the crafters in my guild. Heck, it benefits ALL crafters. Eventually their prices go down as it becomes less costly for them to make items and competition spurs them to lower their prices. On occasion there will be gathered items that are in demand and you can make a few extra Gil for a while selling those items. But eventually the market corrects itself again and prices drop back down. Honestly, if people want to make good coin by selling on the market board, they should be prepared to put a little effort into understanding the economics of the system. I think some people expect to make a fortune with a single item. Time and time again, my experience with the market board has shown that this is not a "California style gold rush". It's more of a "slow and steady wins the day". In short, I think the market boards are working as intended.

[KitKatnip]

undercutting by 1 gil is fine

tanking the market because you think itll sell ‘faster’ isn’t.

if something is selling at 80k gil (and i mean selling, not sitting there), either price at 80k or 79,999. you make more money, the market doesn’t tank, everyone wins. people will ALMOST always buy the first one on the list anyways, regardless of if its insanely cheap or priced right at market value. you simply shoot yourself in the foot, as well as everyone else.

You are missing out on an opportunity. If something is on the market for around 60k and there is one outlier at 30k, that is not tanking the market. That is your golden opportunity to buy the outlier and flip it to sell at the higher price.

[UsagiAndCrepes]

All is fair but at the end of the day there are some fundamental truths. This is something people have been complaining about forever and in all likelihood they will continue complaining about it for decades to come.

I don't think it's necessary to take the discussions too seriously. Allusions to economy from a perspective of people in a world with scarcity and finite resources doesn't fit too well with a game where resources are theoretically infinite and non essential. In that sense throughput always plays a bigger role than anything else. Everything else is roleplaying economics.

[LariaKirin]

Literally not a problem and does not need a solution.

If someone is willing to sell for 20% lower price, it's their right to do so. If you believe they're underpricing, simply buy it and resell for easy profit or wait for it to bought. If not, adjust your overpriced item.

Excess supply is pushing the price down towards equilibrium. Do not expect to sell your extremely easy to craft item for a ridiculously high price and you won't get mad about the economy working properly.

[Bearded]

Looking at GW2, the market there isn't held at hostage at all, rather the prices are stabilized for it's supply and demand. More supply than demand and prices drop, demand than supply the prices rise. It's just that no single person can just say this 1000gil item is now worth 200g and have other people unknowingly assisting keeping the price grossly deflated.

Another good part of the GW2 system is you can purchase as few items as you want - just want 10 silver ingots but everyone lists stacks of 99 - no problem. Granted having such a system in FFXIV would take a massive amount of development time but it would solve the perceived problem.

[BaconBits]

All I know is if someone undercuts me on some random item that doesn't even sell often, I will go out of my way to find every retainer they have and forcibly drop their prices by 20-30% out of sheer spite. Made a killing on Deep-fried Okeanis doing that.

[kaynide]

I have no crafting skills. I do not care to craft. My character is a level 90 miner and level 90 botanist. I make most of my Gil by selling gathered materials to the market board. That having been said, I have NO PROBLEM with undercutting and selling for lower amounts. It benefits the crafters in my guild. Heck, it benefits ALL crafters. Eventually their prices go down as it becomes less costly for them to make items and competition spurs them to lower their prices. On occasion there will be gathered items that are in demand and you can make a few extra Gil for a while selling those items. But eventually the market corrects itself again and prices drop back down. Honestly, if people want to make good coin by selling on the market board, they should be prepared to put a little effort into understanding the economics of the system. I think some people expect to make a fortune with a single item. Time and time again, my experience with the market board has shown that this is not a "California style gold rush". It's more of a "slow and steady wins the day". In short, I think the market boards are working as intended.

You're not wrong regarding a lot of things in this game, but whenever there is a new fancy-pants thing that people are impatient over, it costs a ton and can be extremely profitable to sell them. Especially materials for the newest glamour (usually locked in treasure hunts), the actual glamours themselves or the newest minions. Right now we're talking the "XX of Happiness" set.

At any rate, there are so many avenues to make money in this game that the market is entirely unnecessary for making cash long term. Essentially anything you do can net money- so if you've found a niche that works for you, work it!

[KitKatnip]

All I know is if someone undercuts me on some random item that doesn't even sell often, I will go out of my way to find every retainer they have and forcibly drop their prices by 20-30% out of sheer spite. Made a killing on Deep-fried Okeanis doing that.

That seems a bit... excessive. However, nothing is stopping them from buying your stuff and flipping it instead of reducing their price. A 20-30% profit isn't bad.

[BaconBits]

That seems a bit... excessive. However, nothing is stopping them from buying your stuff and flipping it instead of reducing their price. A 20-30% profit isn't bad.

It's not about winning, it's about sending a message.

That and for some reason instead of just buying the Okeanis and being done with it, they kept trying to undercut me instead. Unfortunately for them, I was on leave for almost a month and had nothing better to do. By the time my leave was up, the price of deep-fried okeanis had dropped by like 70-80%, and other people had joined in on the fun. I think I did that with 5 other items they were selling as well.

[kaynide]

It's not about winning, it's about sending a message.

Not really sure what the message is. For all we know they bought up your 80% off firesale and just sat on it to sell when prices rebounded.

Unless you've been monopolizing these 3-4 items for months, in which case I'd say they're selling other items and got to live in your head rent free.