Rework the market system to allow purchase offer listings and eliminate undercutting

[xJimmehx]

Ah, I remember the GTS. It was actually pretty good, it spanned all servers, and nothing was really overpriced, and prices stayed pretty stable, minus when an item was chosen to be merched by the community. If I wanted prayer pots for cheap, I could just set a lower buying price before I go to sleep, and wake up in the morning to find that I got some You wouldn't have to keep checking the MB for cheap prices like you have to with the MB system atm.

Atm, some mats can fluctuate quite a bit, and you can't check the price of something on all servers easily.
The GTS imo was actually better compared to the FFXIV market board, I remember how much I missed the GTS when I first started playing back in ARR.

Also, those who say FFXIV is player controlled? The GTS was player controlled also.

I think people disagreeing here have never experienced the GTS first-hand. It was so bloody good, knowing that what you craft had a certain, stable price, whereas the sell offers people did would give more power to the buyer, preventing stuff from being too overpriced, like some items are now in FFXIV.

The GTS system was honestly a better system. You could also put up a stack of 99 on the GTS, and instead of someone else being forced to buy that entire 99 stack, people could buy what ever amount of your 99 stack they wanted! It was so useful! Since it wasn't a hindrance for someone to sell large stacks, people didn't have to undercut so much to sell them, which meant more players could sit down, make a lot of something, have them reliably sell, which actually made prices more reasonable since this nice system promoted more crafters/suppliers to sell things.

Also the anomynity of items being sold! Market trolls couldn't find out what items you were selling and ruin your business.

This so much! Awesome post. I miss 2004 a bit now XD

[Aeloria]

Oh Definitely, I dont have additional retainers for sure. Im not condemning anyone that does either since its a liability purchase. Would you rather than retainers being so convoluted, it might be better to have everything rooted to a single seller?
That makes a lot of sense, in a way to me, but a little less for anonymity sake when selling...hmmm
Also: This is an edit, my original question was super dumb.

Hmm yeah a single seller would be better I think. I'm not super worried about anonymity as most things I craft already have my tag on it anyway. My friends finally figured out who my retainers were, and making jokes about not buying from x, y, and z retainer lol. Anyway at least with a single seller not having to back in and out would be so wonderful. Retainers are the one thing that just bugs me.. The whole premise for extra inventory more MB selling slots and having to pay monthly for that on top of the subs.. Something just feels off about that. Sadly they are very similar to the mule concept on FFXI. People bought extra char slots for mule's to send things and gil back and forth to get more selling slots on the AH. Granted these are all optional services and we do get 2 freebie retainers.. Sorry I rambled a bit.

[Joven]

Random odd question: has anyone else posted the same item on both your retainers and undercut yourself on one of them just to move more?

[ForteNightshade]

literally no one said anything about SE setting an average. the average would be determined by whatever people are selling and buying them for. you completely failed to understand how a system like this would work. the market would still be player driven as is OSRS's.

For someone who likes to throw around insults, perhaps you should actually read the replies you're responding to? I clearly said "if" while outlining a hypothetical. Just because someone disagrees with you doesn't mean they have no idea what they're talking about. Your ideas aren't the end all be all.

And how is this a problem? If its too low to bother with, then people wouldn't bother with it, resulting in less people making it.
Which would lessen supply, and after a while the price will go up until people can be bothered with making it again.

Items are only worth how much someone is willing to pay for it, so averages work well in this regard.

OSRS doesn't work by setting one price and leaving it there, the average price changes based on what people are buying things for.

I feel like people don't know how the market works in general.

Because there is little incentive for the buyer to list high prices. It takes control away from the seller entirely since they have no idea what market trends are. Basically, it can easily lead to a lot of low-balling because, as I said, the buyer has no reason to set their cash out price high. Furthermore, this could make botting worse. How they have full anonymity alongside what is more or less an automated purchase system. A bot that can produce 30 full stacks of 99 Infusions can immediately sell them once they find the magic price and utterly flood the market with none being the wiser.

Changing the market to match osrs's Grand exchange would eliminate the ability for bots and players both from continuing this sleazy practice. You want your item to sell quickly, you list it below the algorithmically determined average (as dictated by how players are buying and selling them, again to reiterate so some of you smart ones don't assume i mean SE is setting market averages again) and guess what, it almost always sells instantly because players also have the ability to put up buy offers and wait for a purchase to come in much like someone putting up a sale and waiting for the sale to go through.

... no it doesn't. As I described above, your idea helps bots. Now they can operate with complete anonymity. Just find the magical purchase buyers have set and mass produce from there. They could sell their entire stock in seconds because no one knows who they're buying from or knows what to set their own prices at to be competitive. And once said botters have figured out this price, they can just dip it lower and lower if someone else encroaches. They can also tank the market completely ala sell Infusions for 500 gil. Why? It's a bot. They couldn't care less about how high the profits are since everything is profit. They had a script doing it.

[xJimmehx]

Because there is little incentive for the buyer to list high prices.

If you dont get your items for a few days, you change your pay rate to something higher. I tried buying things at average price just as the demand kicked in and had to do so. After a few days(hours/minutes/I never actually cared enough to see how long it takes to update a price listing) the "average" price changes to the new, higher value.

A bot that can produce 30 full stacks of 99 Infusions can immediately sell them once they find the magic price and utterly flood the market with none being the wiser.

I would say that doesnt change much here. People always pay whats cheapest. Unless they see their friend had listed an item they need and its just slightly more expensive, but that has never happened to me. So if a bot sells the cheapest items, it gets bought anyways. I really thinks its more of a "bot" problem than a market problem.

Edit: Also going by the GE, the price wouldnt fluctuate much at all. So long as the bot was selling at the current market price. Id much rather have that than having someone undercut me by 80% and list dozens of stacks. That makes it harder to sell and generally just forces me to give up on that particular market.

[Aeloria]

Random odd question: has anyone else posted the same item on both your retainers and undercut yourself on one of them just to move more?

Far too often than I care to admit.. LOL

[ADVSS]

Hmm yeah a single seller would be better I think. I'm not super worried about anonymity as most things I craft already have my tag on it anyway. My friends finally figured out who my retainers were, and making jokes about not buying from x, y, and z retainer lol. Anyway at least with a single seller not having to back in and out would be so wonderful. Retainers are the one thing that just bugs me.. The whole premise for extra inventory more MB selling slots and having to pay monthly for that on top of the subs.. Something just feels off about that. Sadly they are very similar to the mule concept on FFXI. People bought extra char slots for mule's to send things and gil back and forth to get more selling slots on the AH. Granted these are all optional services and we do get 2 freebie retainers.. Sorry I rambled a bit.

Dont Apologize I actually agree with you, just personally, I dont think theyd ever change the system. its another sub dollar per month, per retainer, per character. Thats actually a lot of revenue, for....being able to sell more per day/week/month.
So Yes, I agree with you entirely I just, I don't know or think honestly, we will see this part change. I wish I could reassure you, I just don't see how at this time

[Doljax]

Random odd question: has anyone else posted the same item on both your retainers and undercut yourself on one of them just to move more?

Yes. All the time.

[Kaitoo]

im fine with in this game becauset here are no cancer addons that do that automaticly

[AlliciaCapulet]

Well, if you are unhappy with people who undercut, just do as I do. Personnaly, if I see someone undercutting of 1 gil, I won't buy from the undercutter. And depending of the price too. An item that is sold 10k and is undercuted by 1k is fine, but an item that is sold 1 million and is undercutted by 1k, again I won't take the cheapest here. I don't encourage people who put like nothing as undercut, have some guts if you want to undercut someone, or else put the same price if not.

Also, depending on the cost, and how lazy I am, it's possible that if i'm in Limsa and your retainer is in Gridania and are undercutting of a small ammount, I will buy the next one from Limsa just to avoid the tax and avoid teleporting to Gridania.