Undercutting

[MilkieTea]

Yeah you don't understand how it works at all.

Buy orders are not required to be filled. They're an option. No one would fill a stupidly low priced buy order, just like no one will buy a wind crystal priced at 999,999,999 gil.

Please read what they are replying to.

Only one way to get a definite end to undercutting. Buy orders.

AKA: Someone makes a request for an item for x amount of gil, and no one can sell below that amount until that buy order is fulfilled.
That way it would be significantly harder for someone to crash the value of items by grossly undercutting them.

[Risvertasashi]

Please read what they are replying to.

I read it just fine - it seems you don't understand either.

So, let me explain.

Crystals are selling for 100 gil each. There is a buy order for crystals for 80 gil each.

Mr. Undercutter wants to sell his crystals for 50 gil each. But when he goes to list, instead of creating a listing of crystals for sale at 50 gil each, the buy orders for 80 gil each are automatically filled.

Creating a buy order for 1 gil each does nothing. If there's only buy orders for 1 gil, then Mr. Undercutter's crystals would be listed for 50 gil. (So it basically works exactly as now).

Really, I didn't think so many people could misunderstand what "below" means.

[GrizzlyTank]

Price things the way you want. You decide the value of your time, not others.

If someone thinks you've listed it too low, they're welcome to buy the item to relist for profit. That takes your low priced item off the mb and returns current prices to what they had been, usually before anyone other than the buyer has noticed.


I list a buy order for 580 gear at 1 gil.

I didn't just crash your marketboard. I killed it. No one is going to sell to me for 1 gil because materials are more expensive but now they also can't sell to others because my buy order has to be filled first under your system.

The last thing you want to do is give buyers such absolute control over the market prices because they're looking to pay as little as possible just as sellers are trying to sell for as much as possible. That's why the free market exists - so a price point can be reached that both sides are willing to accept as reasonable.

Re-read what i wrote... "Someone makes a request for an item for x amount of gil, and no one can sell below that amount until that buy order is fulfilled."

If someone makes a buy order at 1gil, then someone can still sell their item at whatever gil they want as long as it is at or above 1 gil.
At the same time someone else can set a higher buy order meaning that, that order has to be fulfilled before yours.

Edit: Just saw that there were multiple people that... Somehow had no idea of what i wrote. Risvertasashi and Skivvy you got it right. I was mainly talking about how GW2 does it, although there it goes both ways. For buyer you have to either make a buy order for whatever gil, or buy the item listed for lowest sell order. Aka if an item is sold for 80, 90, 100 you can either set a buy order for <80 gil or you have to purchase the item for 80 gil, can't buy the items for 90 or 100 untill the 80 item is sold.

Same for a seller, if someone want to sell an item and there are buy orders for 10, 20 and 30 gil. then the seller can set whatever price they want as long as it is above 30gil, or sell directly to the buy order for 30 gil, but can't sell directly to the 20 and 10 buy orders.

I don't like massive undercutters, but I also don't appreciate people effectively holding a market hostage to the highest bidder.

Looking at GW2, the market there isn't held at hostage at all, rather the prices are stabilized for it's supply and demand. More supply than demand and prices drop, demand than supply the prices rise. It's just that no single person can just say this 1000gil item is now worth 200g and have other people unknowingly assisting keeping the price grossly deflated.

[Bearded]

Looking at GW2, the market there isn't held at hostage at all, rather the prices are stabilized for it's supply and demand. More supply than demand and prices drop, demand than supply the prices rise. It's just that no single person can just say this 1000gil item is now worth 200g and have other people unknowingly assisting keeping the price grossly deflated.

Another good part of the GW2 system is you can purchase as few items as you want - just want 10 silver ingots but everyone lists stacks of 99 - no problem. Granted having such a system in FFXIV would take a massive amount of development time but it would solve the perceived problem.

[BaconBits]

All I know is if someone undercuts me on some random item that doesn't even sell often, I will go out of my way to find every retainer they have and forcibly drop their prices by 20-30% out of sheer spite. Made a killing on Deep-fried Okeanis doing that.

[Krotoan]

You can undercut by chunks, sell quickly and have Gil in hand and a retainer slot free to put something else up.. or you can play the death-by-a-thousand-cuts 1 gil downhill race that is marketboard watching.

Personally I'll take a 10-20% loss of what the marketboard price is if the next time I visit my retainer the slot is free and the gil is waiting.

[Eriane_Elis]

I undercut by whatever amount. 1gil, 1000 gil, 200k gil. It depends on who I'm undercutting and how frequent I have to undercut / drive people away. It's just how life is on the MB. You either play the game or you don't. On our server we have several market artisans if you will that pretty much have dozens of retainers selling things. You gotta do what you gotta do for that precious gil.

I also want to mention that I don't know anyone who focuses on % in the MB. People are irrational so there's no logic to pricing. Something that should be worth 3million can be sold for 150k for a few months. It's not about supply and demand, it's just people don't compute how much money something is really worth. So I don't bother with % at all, it would be time consuming to do on so many retainers. Undercut if you want to undercut, I see people matching my price and I find this funny because this game doesn't work that way. What i do find stupid is gatherers see mats selling in stacks of 99 at 4.5k then they put theirs up for 600gil. Why? It was selling fine at 4.5k, now the whole market for that mat crashed. Those are the people you should be annoyed with, not everyday undercutters.

[xenahawk]

I always undercut to what i feel is reasonable. No matter the mmo poeple get mad because undercutting means they either dont sell the item or the have to adjust the price and not get as much for it.

[Vonleo]

Under cutting is fine even by 1 gil its fine. The problem is though people have actual bots that undercut as soon as you undercut and they have it on 24/7. Try undercutting any of the crafted ilvl580 gear and you will know what I mean.

[Conundrum]

Whining market board thieves complaining about undercutting...it's like popcorn for the soul.