Undercutting

[BaconBits]

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.

[Ayche]

One thing about the GW2 Trading Post that is the same as here, is that people will undercut by 1 currency just to have priority on selling.
It is the buy order part of the system that never made sense to me. Why would I ever make a buy order that is higher than a sell order? Surely everyone would just buy everything at the current lowest price, always.

[Gortys]

I do laugh when I see people undercut to the point where they're actively losing money
Like slashing prices on stuff that was already selling super fast, or posting stuff for less than what a vendor will buy it for
Bit of an odd choice tbh

I laugh, but then I buy some of it and just vendor it. I've made plenty of gil this way, but I also suspect some are purposely posting items at vendor price to encourage others to undercut. I can't see any other reason why the price drops so dramatically for these items and always by the same retainer.

[BaconBits]

I laugh, but then I buy some of it and just vendor it. I've made plenty of gil this way, but I also suspect some are purposely posting items at vendor price to encourage others to undercut. I can't see any other reason why the price drops so dramatically for these items and always by the same retainer.

I'd say it was me, but all I do nowadays is sell Eureka stuff on PF.

[kaynide]

One thing about the GW2 Trading Post that is the same as here, is that people will undercut by 1 currency just to have priority on selling.
It is the buy order part of the system that never made sense to me. Why would I ever make a buy order that is higher than a sell order? Surely everyone would just buy everything at the current lowest price, always.

The thing there is, the buy orders are more like “I want this thing and here is the max I’m willing to pay for it”. The standing sell orders are too expensive for this person, or more likely they put in a buy order of like 1,000 things with plans to resell it for profit.

Your average player doesn’t check carefully and just buys or sells at the current order value. The guy making bank is flipping 1,000s of units.

[Heavenly_Damned]

I just think the undercutting has gone way too far, I mean most mats are not cheap to get, and when you invest and things are selling for say 90K for a max 570 crafted gear and then 2 days later that same piece is 20K this is just unreasonable. We work hard to level our crafters to have people shit on the way to make money, I was behind on my crafting, finally got it all leveled up a few weeks after end walker only to find I can not make any money to get the things I want in-game, it is dishearting. And if people think it is funny it is not. And for those that are enjoying it, power to you. I just think it is wrong to undercut by 5 to 10K an item, just so it tanks the market, and then everyone else starts doing it that way, and then bam, endgame items sell for so cheap no one makes any more items, gil etc. then the whole market crashes.

[FoxyAreku]

There's nothing wrong with undercutting.

There is something wrong with undercutting by thousands or even hundreds of thousands.

It doesn't make your item sell much faster, all it does is hurt your own profits and everyone else's. Undercut by 1 to 100 for the sake of keeping things profitable for everyone and the economy healthy.
Sometimes we can save it by buying the item and re-selling it for the proper price, and this is something I encourage people to do if they see a ridiculous undercut, but when multiple people do outrageous undercuts even this becomes a lost cause.
Undercut small!

Thanks for coming to my ted talk.

[Conundrum]

I will continue undercutting...usually by 1gil.

99.9% of what I sell is junk brought to me by my army of retainers...no matter the sale price it's free money.

[Beytran70]

I don't mind undercutting that much, though some people take it too far in the name of greed which has a negative impact on the market. I think the general rule of undercutting by 1 should serve most people fine, since that puts your stack on the top of the list and makes it much more likely to sell.

[Liam_Harper]

I just think the undercutting has gone way too far, I mean most mats are not cheap to get, and when you invest and things are selling for say 90K for a max 570 crafted gear and then 2 days later that same piece is 20K this is just unreasonable. We work hard to level our crafters to have people shit on the way to make money, I was behind on my crafting, finally got it all leveled up a few weeks after end walker only to find I can not make any money to get the things I want in-game, it is dishearting. And if people think it is funny it is not. And for those that are enjoying it, power to you. I just think it is wrong to undercut by 5 to 10K an item, just so it tanks the market, and then everyone else starts doing it that way, and then bam, endgame items sell for so cheap no one makes any more items, gil etc. then the whole market crashes.

Nonsense. It has nothing to do with other players. Your crafted items are simply worthless. Barely anyone needs them. I've stepped in things that are worth more.

Leveling crafters is not hard work. It's a much shorter time investment than it used to be. EXP has been almost tripled on top of Ishgard and collectibles being highly accessible. You can craft Master Recipes with barely any melds, materia is miles cheaper and easy to obtain from scrips and infinite spiritbond. Mats rain from the sky from various sources. Gathering is a joke, even Legendary nodes barely need melds. It didn't used to be liked that.

I'm not saying this is good or bad. But players asked for easier crafting. Easier crafting means more people can craft their own items. Thus demand drops while supply skyrockets. That's what crashes the markets.

Some players wanted a slice of that gil pie that high end crafters enjoyed in earlier expansions. But you can't divide a single pie among a million people and expect everyone to get a fat slice. All you'll get is a crumb. There are merits to accessible crafting, but it comes at a cost. You can have accessible crafting or rewarding crafting, not both.