FIX the AUCTION HOUSE!!!!

[NyarukoW]

....You've now lost out on 1998g in total. And also left yourself open to be undercut further lowering the value of the item faster than people can actually purchase them.
...

This is how market crashes happen, where something that's worth 5,000g gets undercut by large chunks in a short period of time because, let's face it at ANY time someone could undercut your price. And by undercutting 1-2k gil you can be sure it won't be worth anything soon.

This complete utter nonsense. This is a clear and obvious flip opportunity. Buy low sell high people? Come on? Got no guts or something? Buy at 3000 sell it 4997 and pocket 1997 for profits. Piece of cake. Unless of course the people all trying to sell at 5000 is overpriced and trying to gouge people and you have no confidence in the 5000 price, then the price is where it should be. But you have to know the market to make the right call.

They just need to implement the blind auction and small tax like in FFXI and this undercut battle would never happen.

People should be able to undercut. Blind auctions are complete utter BS set up to favor the sellers. I much rather have an undercut battle than a bidding war. The market board is working quite well as it is. It would be better to have longer history to look at though.