Undercutting

[Typhon66]

Always entertaining to see folks who feel like they can actually control a market in the game like this....

I only just started using this strategy in this game, so to be fair, i haven't amassed much wealth yet, but my account on WoW with literally millions of gold on it (made in Lich King expansion) That was actually banned for "selling gold" and then promptly unbanned when they realized i simply gave gold to guild mates and personal friends is laughing at you. I literally owned the entire endgame market, from enchanting, potions, flasks, glyphs, gems etc. Nobody could compete with my volume and eventually everyone just gave up and stopped fighting and i became the sole supplier on the server of endgame consumables. Occasionally someone would try to push themselves into the market, but i had so much gold that i could easily compete at a loss in the market for months if not years and still be fine.

All of that was built using this same idea.

[Typhon66]

Also, i'm not trying to be rude in anyway, i am simply explaining why some people undercut so massively, yes there are people who do it not realizing why, but there are others, like me, who actually play MMOs to do this very thing, and own the market on something. This is the "character" i play in an MMO, i play someone who owns markets, and has massive amounts of money. And that's okay

[CYoung187]

Always entertaining to see folks who feel like they can actually control a market in the game like this. /snip

In all likelihood, your competitors don't even realize what you're doing. !

100% agreed. It take no effort to adjust what market you can cater to. The guy who actually think his retainers are notorious made me LOL as well. Like anyone even looks at the retainer name. Owning a small market in this game where what is in demand is constantly changing and leveling a crafting skill takes little time and effort just doesn't seem in any way efficient.

[jomoru]

It is quite possible I will be found out for posting this.

But I have made sure my retainers on my server can be recognized by sight, and are notorious. I do massive amounts of selling and repurchase through them, and I always use them to make a point.

Any time someone undercuts me, I undercut them very severely, and I am willing to crash/ruin the specific market we share just to teach them that lesson. I have even crashed a market because of people attempting to purchase from me and then resell with a price fix. I make them regret that thoroughly as well and sell at a loss..

Really? this is HILARIOUS. I'd undercut you so you'd waste money destroying a market then take things off for a week while it rebounds nad keep doing it over and over again!

[Squa11_Leonhart]

No, your stupid. Undercutting is one thing but crashing an in game economy for the personal satisfaction of "Whoo! I taught them a lesson!" is down right borderline retardation.

The only thing your doing is making sure the people who don't have the gil to buy items on your server suffer more than they already are because you wanna know what happens after a market crashes?

It inflates ten fold.

We're seen it happen everytime the stock market crashed in the real world.

Once the economy recovers from the crash, businesses jack up their prices in an effort to recover the profits lost, the result is the government being forced to print more money to counterbalance this inflation.

The difference between in game economies and real life is that no extra money can be put into circulation by SE.

Again.

DO NOT, compare stock to commodity.

[Dashuto]

.

Not only did you care enough about my post, but you cared enough to mock it up to sound even worse.

Did I strike a nerve perhaps?

To make profit you should keep a cool head. The purpose of my tactics seems lost on you.

Its something called "market control". By controlling the prices, when it inflates or deflates, and discouraging my competition, I end up in control of the market.

I first realized this from a crafter on FFXI named "Semitry", who beat me up pretty good on my way up. I'm sure anyone who career crafted on Midgardsormr would remember this fellow.

He would blast the market with dozens of HQ Scorpion harness to force the price of NQ's into nil, he bought out materials used to level to 100 out from beneath people and skyrocketed their price, stockpiling loads of it that would never be used, all to control the market, make profit off his desperate competitors, and trick elitists into paying 1000% for the HQ product. Then he'd let the market sit and resell those loads of cheap NQ's at a profit.

At first I was angry- but then I realized just how effective his tactic was. He had "market control", he was able to directly manipulate its prices, his profit, and the possibility of those willing to compete with him at all.

So at that point I decided to learn from it. I enter into a field of about 4-5 goods and I use a very similar method, I drive out my competition while stocking up, then make profit off the stock, then drive it higher for even more profit. Others begin trying to hop on board and make profit from my efforts there- and then I start the process again, often demolishing them in the process. Not always, just often.

[Destain]

No, your stupid. Undercutting is one thing but crashing an in game economy for the personal satisfaction of "Whoo! I taught them a lesson!" is down right borderline retardation.

The difference between in game economies and real life is that no extra money can be put into circulation by SE.

It's "You're stupid" genius. Yes SE could put additional Gil into circulation rather easily. Quests or a quest with a high gil reward.

[Moqi]

So at that point I decided to learn from it. I enter into a field of about 4-5 goods and I use a very similar method, I drive out my competition while stocking up, then make profit off the stock, then drive it higher for even more profit. Others begin trying to hop on board and make profit from my efforts there- and then I start the process again, often demolishing them in the process. Not always, just often.

And that's when you ask your crafter friends for a discount. Seriously if you're having fun that's great but if you think you are controlling anything you're deluded. It's not that hard to craft things, if the MB is expensive you go ask personally to a crafter.

[Flayy]

Lol!! It's a buyers' market, OP. Sorry that I'm buying the cheaper option and not your really expensive one.

[jomoru]

So at that point I decided to learn from it. I enter into a field of about 4-5 goods and I use a very similar method, I drive out my competition while stocking up, then make profit off the stock, then drive it higher for even more profit. Others begin trying to hop on board and make profit from my efforts there- and then I start the process again, often demolishing them in the process. Not always, just often.

Good for you, i of course get around "attempts to destroy me" by being diversified and not requiring one thing to sell.