Undercutting

[NegativeS]

I recently read a thread where someone was denouncing people who undercut on the Market Board, which is something that took me by surprise. I figured that it was something that was normal in every MMO auction house-esque system, or at the very least that's the experience I got since it was prevalent in every MMO I've played up to this point... and in real-life...

But since I'm still relatively new and only just now getting the opportunity to participate in an early expansion economy, I just want to ask, because I've been absolutely vomiting materials onto the Market Board at undercut prices and smiling with greedy glee when they all sell before the person whom I have undercut.

Is this behaviour 'normal' or 'acceptable' in FFXIV?

[Snorky]

Everyone does it, and if they get mad about it there is a reason. I don't feel bad at all doing it. Some of the prices for materials are too outrageous.

[aveyond-dreams]

Yes. At the end of the day, the goal is for *my* stuff to sell. If someone else is selling something like the Cape of Happiness for like 900k, I'm absolutely going to slash those prices down to 300-400k because I know that more average players will be able to afford and buy more at that price.

[MilkieTea]

undercutting by 1 gil is fine

tanking the market because you think itll sell ‘faster’ isn’t.

if something is selling at 80k gil (and i mean selling, not sitting there), either price at 80k or 79,999. you make more money, the market doesn’t tank, everyone wins. people will ALMOST always buy the first one on the list anyways, regardless of if its insanely cheap or priced right at market value. you simply shoot yourself in the foot, as well as everyone else.

[Snorky]

undercutting by 1 gil is fine

tanking the market because you think itll sell ‘faster’ isn’t.

if something is selling at 80k gil (and i mean selling, not sitting there), either price at 80k or 79,999. you make more money, the market doesn’t tank, everyone wins. people will ALMOST always buy the first one on the list anyways, regardless of if its insanely cheap or priced right at market value. you simply shoot yourself in the foot, as well as everyone else.

Let's talk about that, tanking the market. There is no difference in under cutting and tanking the market. If I price according to the market price ( who decides this anyway?) And some one comes in and undercuts me I adjust my price lower. Competition good, so this person comes back and under cuts me again now I'm like okay why? So yeah it's gonna tick me off especially the same person doing it. So I lower my price again and the person does it again, yep I'm going to tank the market because now they are wasting my time because I have to watch the market boards. Sorry not sorry

[computerquip]

Let's talk about that, tanking the market. There is no difference in under cutting and tanking the market. If I price according to the market price ( who decides this anyway?) And some one comes in and undercuts me I adjust my price lower. Competition good, so this person comes back and under cuts me again now I'm like okay why? So yeah it's gonna tick me off especially the same person doing it. So I lower my price again and the person does it again, yep I'm going to tank the market because now they are wasting my time because I have to watch the market boards. Sorry not sorry

Position in the list doesn't matter that much. Checking once a day is fine. For items that have high demand, you may not have to even care. By undercutting so much that they won't undercut you anymore, you've screwed yourself more than you've screwed them.

[Jin-]

undercutting by 1 gil is fine

tanking the market because you think itll sell ‘faster’ isn’t.

if something is selling at 80k gil (and i mean selling, not sitting there), either price at 80k or 79,999. you make more money, the market doesn’t tank, everyone wins. people will ALMOST always buy the first one on the list anyways, regardless of if its insanely cheap or priced right at market value. you simply shoot yourself in the foot, as well as everyone else.

This, but you can't fix stupid people. No matter what you tell them they just go back to "I want to sell it fast argument '

[Conundrum]

This, but you can't fix stupid people. No matter what you tell them they just go back to "I want to sell it fast argument '

The best part is watching people like you get butthurt over undercutting.

[Velvet_Lunarfang]

but where and how does a item get it's value is there some sort of math involved because by the sounds of it anyone can just make a amount up that is the issue with player based economies anyone can just make something up. Though you hate being undercut but in a market it's fair game if you sold something for 100k and I sold it for 50k then customers would rather pay 50k then 100k realistically

[Equitable_Remedy]

undercutting by 1 gil is fine

tanking the market because you think itll sell ‘faster’ isn’t.

I don't know where to begin with this.

Buyers want to buy at the lowest available price. If someone is willing to sell an item at a price lower than the price at which you are will to sell that same item, that someone does not have any obligation whatsoever to raise their price closer to yours. Either you lower your price, or you wait until the market clears all the sellers willing to sell for less than you.

Because, unlike the real world, your character doesn't need things like food, shelter, or clothing and doesn't want things like entertainment, sale prices are largely valuations of time (to farm a thing, craft a thing, roll for rare things, etc.). Different people value time and gil differently, which is why the clearing price for an item (say lvl 90 group maps) can vary significantly over time as different people with different values post.

That's called a market.