Extreme Undercutting - Should it be a violation?

[Clethoria]

Nope and nah. I mass craft and have literally several retainers filled to the max with mats and low level gear. Sold by an NPC for 300g, but I'll put it up for 100g. I have the right to sell it as such, and I got an inventory to clear out. It's better than getting 1g-5g for my trouble anyway.

[Bleam]

You must be new to MMOs.

No, extreme undercutting will never be a violation because it's a free market ran by the players. How much an item is "worth" is based off of supply and demand. If someone puts an item up that is "worth" 100k for 50k just to get it to sell quicker then said player would be the one to lose out in the end. However, if they flood the market with these items all for 50k, it will eventually drive the item's "worth" down to that level based on the supply they put up. Nothing wrong here unless it involves RMT activity.

Sounds to me like your just mad because someone took an item that made you some gil on the side and exploited it so everyone else could buy it for less.

I see nothing wrong with this. Find another item to farm/make money with and move on. No need to make threads about it.

[storm]

The value of all items on the market board are set by the players, not by SE, therefore it's for the players to control. If someone undercuts you buy it and raise the price. If multiple people undercut you then obviously the market has decided that that items value is lower than you think. Or you can buy all of them out and again raise the price, or wait until the price fluctuates more favourably. Though over time most item's value trends down.

[Johaandr]

I am one of those who undercuts. I mean everyone does it.
No reason at all because why not.

[Lilseph]

Snip.

In my opinion, there's not much we can do here. Again, the prices are under the player's criteria. Some people take advantage of it and buy said items just to sell them back. Very risky in some circunstances. Extreme undercutting is aggravating because the item loses its value sometimes, compared to its base cost. The lack of regulations in the market are sometimes annoying, I won't lie, I've been victim of extreme undercutting in the past from people that have no idea how to operate with the MB or just want to crash the market. As much as I would like to have a penalty like... not being able to sell items on the market for several days, the economy here is 100% controlled by the players. It's really hard to have the GMs interfere with that because they don't have a chart of "What's the optimal price for X thing".

[Paladinleeds]

snip

I'm not sure how it's me being mad at someone else for taking an item I was making some gil on the side for and exploiting it so everyone else could buy it for less when I stated in my OP that it was myself I reported for it. Why would I be mad at someone else if I reported myself for the extreme undercutting?

Lol what is this? What do you want to do? Set price caps for mid and max price? Who decides what undercutting is? You? Dude.... no. Free markets or don't bother in the game.

WELCOME TO....

Funnily enough, RuneScape at least USED to do that with the Grand Exchange and trading. There were certain caps to value that could be traded. So you had to follow the markets when selling, you couldn't deviate too far. I believe on the Grand Exchange you were only allowed to deviate 5% from the average price (it'd adjust automatically dependent on how much an item was trading for, if the item was selling consistently above average, average price would go up, and vice-versa for if it was consistently selling below average). And trades outside of the GE had to have value of max 100k difference traded between both sides, and once you'd used that allowance it took time to recharge as well. I think it was 24 hours.

[Syfurion]

No, it should not be a violation. Echoing others in this thread, it's a free market, sell what you want at the price you want, if it's worth it to someone they'll buy it.

[Nightroad]

Should report you for charging to much !

[Mazora_Espeon]

EDIT: FOR CLARIFICATION. Yes, I reported MYSELF to the GMs for this. Not another player. Myself. Because I was told I was griefing other players by doing this extreme undercutting. I acted upon what I had heard from other players. And I felt the GM response warranted a thread opened to discuss this. Please don't think I'm trying to say that one person should control the markets

So, after a heated and angry me decided to report myself for extreme undercutting (90% undercuts for example, to try and lower prices) I was responded to with this.

Greetings (name),

Thank you for your call.

We're deeply sorry that your game experience is disrupted by another player. Unfortunately, undercutting in the Market board is not a violation to our rules and policies, therefore we're afraid we won't be able to assist you in this case.

We would be very grateful if you could submit any suggestions or comments on our official forums. Your feedback will then be forwarded to the appropriate department by our Community Representatives. We remind you however that name shaming is strictly against our forums guidelines, therefore we advise you to share your comments without referring to any specific player.

Official forums:
http://forum.square-enix.com/ffxiv/

Although individual responses aren't sent, rest assured that all comments submitted are read and considered for future updates.

Thank you for your understanding and we apologise for any inconvenience caused.

Regards,

- The FINAL FANTASY XIV Game Master Team

So, currently it clearly isn't a violation. But do you think it should be a violation? Why do you think so?

Personally, if it is deterimental to the experiences of other players as I have been told it is, I believe it should be. I do believe experiences which severely negative impact the experiences of others (as I believe severe undercutting is), should be punished. But what are your thoughts? Let's turn my heated and angry moment into a useful discussion.

No no no... You have it all wrong... It isn't that it "currently" isn't a problem, it's that it IS NOT a problem. And why is that? Because it's part of the uncontrollable feature of an MMO. Undercutting is just how the game's economy works. And if you don't like it, then build your own market of people to trade stuff with. On the Balmung server, there are many people who offer to craft things for free if someone has the materials for it. And then you also have people that are willing to give things away to people for free as well. So tell me... should something that's uncontrollable and unmonitorable such as giving things freely to people also be a violation? Because technically... if company was able to give things away for free in the real world, then it would cause other companies that their competing to lose their consumers since everyone would flock to the free stuff causing the other companies to lose business

[Clethoria]

Should report you for charging to much !

That guy who sells NPC gear for 99,999,999