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Undercutting on the trading post, what's the point?

trading post undercutting

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#61 Flavvor

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Posted 21 October 2012 - 07:01 AM

I hate how people drop it 5-10 silver at a time. when i see that i see people buying low then taking all the listings off and selling high.

Why the F do people sell at 1 copper above npc price??? People seem just to stupid to understand/relize there loosing money. but then again only rares and exotics have any value in this game.

#62 PracticalShutIn

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Posted 21 October 2012 - 07:08 AM

View Postnennafir, on 21 October 2012 - 05:12 AM, said:

Basically,  it is by and large a buyers market now.

LOL at people raging against the mob.  Learn to adapt.  If you are as smart as you claim to be (all the while talking about everyone else being unwise) you should be able to, after all!

It's like, look dude if everyone else is winning and you are losing and can't adapt, it is highly amusing that you are calling other people lacking in intelligence to explain your losses.
I could easily do what they're doing.  It occured to me on like day 3.  I didn't feel right about and and chose not to.  Any wealth I made was from diligence and thoughtfulness.  And I did make money.  Now the only way left is to do something I feel is beneath me.  Restraint is my friend.

#63 spritepac

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Posted 21 October 2012 - 10:29 AM

View PostFlavvor, on 21 October 2012 - 07:01 AM, said:

I hate how people drop it 5-10 silver at a time. when i see that i see people buying low then taking all the listings off and selling high.


You just described every flipper. I myself have done the same things and agree its total garbage. Now imagine if you COULDN'T see buy or sell orders from other people. Market price would sustain.

#64 NeoSaigon

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Posted 21 October 2012 - 12:02 PM

View PostRabidusIncendia, on 16 October 2012 - 10:53 PM, said:

I agree, I'm just saying this topic is kinda doomed to derail over and over, since most people saying undercutting is fine are talking about something entirely different.  E.g. if you have a dusk, and you want to risk a sell offer rather than selling straight to buy, then the only logical move is to sell one copper below the current listing.  That is rational undercutting.  Not, e.g. undercutting when the difference between buy and sell is less than 5%, in which case you either vendor or sell straight to buy offers.

However, there is one distinction I want to add here, and that it is entirely logical to drop the selling price to where it is barely profitable, since the market is flooded on nearly all accounts of crafting.

I.e. the best course of action is to ignore "price fixing" as the op calls it.  Price fixing can only exist if you can cooperate with competitiors, i.e. one or two other competing people who you can negotiate with.  Since you can't coooperate with 2 million anonymous players, you just have to follow the logical game theory route and undercut to the point of aklmost no profit.  Part of why I predicted crafting would be worthless and never used it for anything but leveling.

I think most people of the market are in fact rational.  But what you see is, if all the rational people on the market tank crafting to the point where you make only a few coppers per crafting, it only takes a handful to wreck it and make it not profitable at all.  I.e. even a measly 10% of "stupid" crafters will cause no profit period.



There is an undisclosed 15% tax on the TP which for whatever reason still isn't made clear.  I'm willing to bet a good half of the people don't even know the tax exists.  The "projected profit" Anet added still makes absolutely no sense and says nothing, since one could interpret it as anything you want if you're casually marketing.

So in actuality, if you sell something that costs 1 gold at a price one copper above vendor, you are actually losing money since you would have made more money vendoring it.

I tried price fixing Superior Rune of the Soldier when Vulcanus recipe came out.  There was an extreme lack of supply because everyone was hoarding molten lodestones, or using it to craft the weapon.

When I checked TP, there were 5 selling for 90s.  I bought them all and pushed it up to 2g, then put a bulk supply at 1.5g.  A few sold.  30mins later, somone undercut 1.5g ->90s again >.<

#65 deathTouch2k

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Posted 22 October 2012 - 06:10 AM

View PostNeoSaigon, on 21 October 2012 - 12:02 PM, said:


I tried price fixing Superior Rune of the Soldier when Vulcanus recipe came out.  There was an extreme lack of supply because everyone was hoarding molten lodestones, or using it to craft the weapon.

When I checked TP, there were 5 selling for 90s.  I bought them all and pushed it up to 2g, then put a bulk supply at 1.5g.  A few sold.  30mins later, somone undercut 1.5g ->90s again >.<

It's called competition. Someone was willing to accept a smaller profit margin in order to move the product quicker.

Working as intended.

#66 Novalight

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Posted 23 October 2012 - 11:40 AM

View PostdeathTouch2k, on 22 October 2012 - 06:10 AM, said:

It's called competition. Someone was willing to accept a smaller profit margin in order to move the product quicker.

Working as intended.

Haven't checked in few days but approximately 1 week ago, by the material prices 90s was no profit at all.

I have seen that when you search for something, it shows you different price than an actual prices. Those runes of Soldier that were selling for 1,5g, TP listed the price at 1.35 and surely enough, when I put two runes at 1,5g up, someone put a price 1.35, 15 silver lower, and then some more and some more and soon it was 1.20-ish. Meh.

#67 Di-Dorval

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Posted 23 October 2012 - 12:43 PM

Sold all my Black Lion chests at 30 copper before halloween. Now that the event started and that it would actually be useful for people to buy one they sell for 6 copper. Or everyone was disapointed by what Anet is offering or everyone is undercutting each other so much that it got back to original pricing. But who dosn't want a chainsaw greatsword?

Edited by Di-Dorval, 23 October 2012 - 12:56 PM.


#68 RabidusIncendia

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Posted 23 October 2012 - 04:30 PM

Not really, gems skyrocketed instantly before halloween and didn't go down, implying scads of keys were sold.  It just means people finally did a bit of math and realised there woud never be a shortage of chests at this point no matter how many keys were sold :/

Edited by RabidusIncendia, 23 October 2012 - 04:30 PM.

Fun while it lasted.  I guess.

#69 PracticalShutIn

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Posted 24 October 2012 - 02:10 AM

View PostNeoSaigon, on 21 October 2012 - 12:02 PM, said:

When I checked TP, there were 5 selling for 90s.  I bought them all and pushed it up to 2g, then put a bulk supply at 1.5g.  A few sold.  30mins later, somone undercut 1.5g ->90s again >.<
The same has happened to me when I found something to sell well on the TP.  Someone kept posting the item at the same lowball price though EVERY part of the day.  Like every 3 hours they would log in and post this at the same low price.  And even when it sold easily, they would never increase the price.  That's contrary to a player's motivations.  When it started, I tried buying a couple to raise to the proper (well-selling) price, but the ones I bought were replaced perpetually and I ended up not selling them.  Sometimes I think there are bots on the TP.  Whether player bots or Anet bots I do not know.





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