Undercutting

[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.

[Zfz]

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.

Wouldn't that just instead give us people who cry about "idiots who buy at +50% price just to get their item fast"? :3

So instead of complaints about undercutters, we get complaints about overbidders.

[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.

[Zanarkand-Ronso]

Who Cares if its Normal or Acceptable?
YOU DONT PAY MY SUB

But for real, if you want to make a Quick sale, lower your Prices.
If you think you should make X amount, sell it for that price. But dont get made when people sell it cheaper and make more money.

[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.

[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.

[Risvertasashi]

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.

I've wanted this so much since I first played an MMO with it.

It's also nice because if I want to buy something low on stock, I can send a signal that says "Hey I'm willing to pay this amount for this thing" and someone can see that and hopefully fill it, if they feel the price is fair. And, conversely, if it's something I can make or get, I can do the same and get instant gil and not have to worry about something like "Well this item sells for 400k but usually only sells 1 or 2 a week so one person could tank the market down to 50k or even less in that time"

Sadly I don't think SE will ever give us this...

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.

If 600 is too low it will go back up. I always stock a wide variety of items and if something crashes - which is frequent - I just take it off the market for a bit. A bit being anywhere from a few hours to a few days. There's literally not enough time in a day for me to gather everything I could sell anyways, so going low isn't worth it for me - I just hold and focus on more profitable stuff until the low market comes back up.

If it stays low for an extended time, as for example some of the new endwalker mats are starting to do (but we've had over a month of good prices so I won't complain), then I'll eventually just sell off my stock at a low price and exit the market. Such is the free market.

[technole]

As an end game crafter myself whom also undercuts and ensures fair value, undercutting subject comes up usually by first time crafters getting involved in savage drop day with crafted gear. They don't understand the market won't pay 3.5 million for a i580 chest, it's not even worth 25% of that in material costs. People who are in the club know how much material costs are and what a reasonable profit is, not something like 500%