UNDERCUTTING....

[Roaran]

That is absolutely not what communism is, bro.

Everyone has their own idea of what communism is or is not. Suffice to say, nowhere has it ever made things better; and, everywhere it is tried, it has failed and resulted in the deaths of millions.

Communism isn't cool.

[Achtzen]

Yeah, It is. Having SE (government) steps in to fix prices in a player driven (free-market) economy is a stepping stone to a socialistic economy. Anyone that knows thier history should know what the road to socialism ultimately leads to.

[waldo]

All the socialism / communism / capitalism bullsh** aside, it's a good thing you are being undercut.

It means people are actually buying stuff off the wards, which for a very long time wasn't happening.
It's a sign the economy is strong, and that's a sign the game is getting good.

[Altonfenri]

thats the way it works, the sale pretty much gues to theperson who is attentive enough to catch the undercut and lower yours. i find that sometimes i just want to npc stuff..

[Efrye]

Hello Mr Strawman and Professor Red Herring, I haven't seen you guys in at least three pages.

Clearly you, sir, haven't played the stock market.

And once again: You can't compare real life economics with the market wards in Final Fantasy XIV. Sure, the basics apply to both, but the RL stock market is a tiny little bit more complex and has many more factors playing into it that you won't find in FFXIV. Not to mention that you can make a living camping the stock market all day long, whereas the Eorzean market wards are part of an entertainment product.

Also, please check this and this before using those terms again. I don't see how my post qualifies as either one of them. Your post on the other hand...

[Suneater]

If there are so many people making/gathering/selling something that you are getting undercut to the point that the things you are trying to sell won't sell within in few days of posting, the market is obviously saturated and you should stop crafting/gathering it. It's simple supply and demand. Find something that sells well but is rare or annoying to farm/craft, or is easy to make but isn't crafted.

Having a steady income is about finding a niche in the market and keeping a consistent, reasonably priced supply. Believe it or not, you will get undercut when you try to make the same 2 mat recipe everyone else is crafting a dozen of or when you dump your crap dated gathering mats on the market. If you keep getting undercut, just move on to something else and learn to price better.

[Huginn]

if you want fixed prices, go sell to NPC.
supply, demand, market price, freedom... not a command economy. if you wanted to stop people from undercutting what YOU think is fair, then we would need enforcement, and a glut in the market, a similar amount would sell, but yours would not because everyone was just waiting their turn to sell and the backup would stretch from the coral tower to stillglade fane.

[ChickNorris]

Actually a lot of crystal prices dropped when they allowed you to exchange guild points for them. Which caused there to be a lot more of them...which illustrated a funamental rule of economics. Supply dictates price.


Off of that chat and just as a basic player: I have undercut before. When I was leveling culinarian before, there was Shepherd's Pie and Knight's Bread as the main food for people. The prices were insane considering the recipe. Like 6k for 1 Knight's bread. They hardly sold, no one really bought the pies either. I tanked both prices. Found out the market would support 2k-3k prices. Kept the price around there and did very well for myself.

This is a reason also people undercut. It is all very well and good you are going to keep your Knight's Bread at 6k each and sell one or two a week and make 7000 gils. Meanwhile, I made and sold 100 at 1k profit each. According to this thread, that is undercutting. According to me, it is good business.

[Matsume]

[Krausus]

I try and make it a point to not buy 1g undercuts, seems like a community issue to me.