Market Board Rage

[Tanthalus]

I'm at a loss as to understand why anyone would be even a little bit upset at someone doing this with THEIR item.
It's not yours so you have zero right to be upset about it. If he wants to sell the item for 200k less than the other guy that's his choice. If you think this is going to hurt your bottom line you simply buy the item and resell it for your desired sell price.
Stating that his action would cause you (potential reader) to be angry only shows that you suffer from emotional immaturity and only affects you and not anyone else. Save yourself some wasted grief and move on guys! Crafters can be so pouty lol.

[Wintersandman]

I'm at a loss as to understand why anyone would be even a little bit upset at someone doing this with THEIR item.

The biggest factor is you're going to dump the item way faster. Plus what I have perceived from the MB.

Player A lists item for 700k
Player B lists item for 699k

0-24 hours later
Player A relists item for 698k

0-24 hours later
Player B relists item for 697k

This will go on until either Player A or B's item gets sold and that's not if Player C-Z enter the market. I am the jerk, I will list at market price on an item and if Player C enters I will undercut by 10% and continuously do so to muddy the waters. Also my purpose for significantly undercutting is to dump my item. If the item is 700k value and I sell at 400k then anyone with more patience can turn around the item for a profit. I get the money I need while market watchers will see the low value and resell for the actual value.

[Tanthalus]

Yah you just pointed out something that's already common knowledge lol. My point is why people would be so reviled over another persons actions. Unless person A and person B are watching the market every 5 minutes then there is no real reason for them to see a significant price slasher in their midst. The item would move before either of these penny pinchers noticed or one of them would have snatched it and put it back in with their price. I'm scratching my head at the "grief" incurred by having to either a) wait a little longer for that money (there are no guarantees in a MB sale *important*)
Or b) seeing someone not want to play the pithy "I'll drop a Gil, you drop a Gil" game. What a pointless waste of time when you can just snatch up the winnings by undercutting by larger margins. Those who sell-sell well

[Wintersandman]

My point is why people would be so reviled over another persons actions.

You just had the chance to sell your item at a faster rate then person B would like. They don't get to play the undercutting game.

[Honourlessichi]

Far as i'm concerned,it is a free market,not your market,not hers,not his,not any one persons.

If i undercut someone by a large amount(and i do quite often just to shift something fast) and they can't deal with it,that's on them.

If you feel the need to rage at a complete stranger over their pricing policy,something is very wrong with you.Chill the heck out.(I do agree with undrecutting by 1 or 2 gil being shady,i don't like that one bit,but i still wouldn't go whisper them about it,it is their choice to do so not mine)

I will change my pricing if i'm competing against a FC member or friend though,but no one else.

[Niwashi]

If you undercut an item that was selling at 680k to 450k, you're only shorting yourself

Only true if it's actually *selling* at 680k. If someone has listed it at that price but it's still sitting there unsold, that's an entirely different matter. Yet I've heard of people still complaining about big undercuts even then.

[Xenosan]

Wait.. this was an i90 crafted piece.. sold for 450k..? Marked down from 650K..?

Wow. I would have guessed it was a four-star furniture armoire or maybe even an wootz weapon.. but an item that outdated <_>

Must be easy to get rich on your server. 450k itself for that is still over priced.

That wouldnt be selling for more than the price of HQ terminus putty x3/4 over here.

[LineageRazor]

There's pretty much NEVER any good reason to get angry at people who undercut by a wide margin. If they do it once, then it's just a blip in the market history; it will sell fast, and prices will resume as they were. They may have been fools for selling so low, but by no means does the market get "tanked".

If they do it many times, then they have more stock than the current market has a demand for and so the price SHOULD go down. If you're certain that your product is worth more than they're selling for, then just wait out the storm. If you're right, his overstock will eventually sell out and prices will return to what you think is normal. If you're wrong, and the prices stay low, then the market has shifted; demand vs supply was not what you thought it was. You screwed up; own up to your mistake and price low, as the current market demands. Don't blame your competition for knowing the market better than you do.

It's the same deal if the guy is trying to "control" the market by selling cheap to force out competitors. You're the competitor in this case. LET yourself get "forced out", hold onto your product, and once the guy thinks he's in control and starts jacking prices up again, then sell. The marketboards are both like and unlike a real economy. The forces of supply and demand are in full effect, but entry into a market costs nothing. Being forced out of a market in real life has horrifying consequences due to the extreme costs involved in setting up shop. In FFXIV, though, you can join, leave, and rejoin a market quickly and easily at any time.

Honestly, the only folks worth getting mad at are the ones who MINUTELY undercut by one gil, or ten gil, or whatever. These folks are basically cheating the system; they aren't pricing cheaper in order to keep the markets competitive, because really, their goods AREN'T cheaper to any meaningful degree. They are pricing cheaper to keep their names visible on the first page of the price list.

[RaginCajun]

Think what a lot of crafters forget when it comes to this type of business sealing is that in truth the market board valuation is only showing what an item is worth from one persons perspective, so 1 crafter buys the mats and passes cost on, others get their own mats so the 2 valuations are very different. Fundamentally my personal view is that its a video game and anyone who gets bent out of shape as a result of imaginary money should get out of the house more often.

[GenJoe]

Think what a lot of crafters forget when it comes to this type of business sealing is that in truth the market board valuation is only showing what an item is worth from one persons perspective, so 1 crafter buys the mats and passes cost on, others get their own mats so the 2 valuations are very different. Fundamentally my personal view is that its a video game and anyone who gets bent out of shape as a result of imaginary money should get out of the house more often.

lol that's a healthy attitude but easier said than done when you've spent hours crafting dozens of items thinking of 500% profit margin only to have it undercut down to the point of selling it just to break even

and that's why undercutting is worth so much more than the lost profit. It leaves a strong impression on the person.