Word to the wise: Patience is a virtue

Word to the wise: Patience is a virtue

in Crafting

Posted by: Garrix.7036

Garrix.7036

I’ve watched 3 or 4 primary money makers drop in price nearly 30 or 40% over the past week. No-one makes any money if you undercut by that much. Why do people lower the price of an item to actual losses if you buy the materials from the trader? I’d like to think it’s just people making one with the mats they have, but the sheer amount of times it happens iskittenretarded.

Use the ‘Match Lowest Price’ button. Everyone ends up doing better in the end.

Word to the wise: Patience is a virtue

in Crafting

Posted by: Kaz.5430

Kaz.5430

If you think items are being sold at 30% less that the price they ‘should’ be sold at, buy them and re-list them at the higher price. It’s only a gamble if you’re wrong about what they are worth.

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Word to the wise: Patience is a virtue

in Crafting

Posted by: penatbater.4710

penatbater.4710

because they’re not bought from tp/traders? because they’re farmed? And while the seller might get a bit more from selling mats on its own, ultimately, it can drive prices down hopefully of the mats themselves and thus making it cheaper for everyone to acquire good items. Also, farmed stuff sold for a lower price is not necessarily a loss, maybe a loss on opportunity cost, but that’s like, what, 5-10% of the current price? In the end all copper/silver/gold he earns by undercutting is considered pure profit for him, and transformation of time/effort into cash.

Personally, I undercut by a few copper only if I need cash fast (like I just spent all my gold placing an order and only have around 15s to travel).

It’s only a loss if you consider that the price of the materials themselves is fixed, but it’s not. Of course, I’m talking about items that have intrinsic value, not the ones who buy/sell stuff on TP for vendor price + 1c.

Don’t disturb me, I have a cat in me at the moment.

Word to the wise: Patience is a virtue

in Crafting

Posted by: ShadowbaneX.6273

ShadowbaneX.6273

I’d guess because the supply is outpacing the demand…or perhaps just not enough people have the money to buy it at the listed price if it’s a high ticket item.

Heroes of the Horn [HotH] – Yak’s Bend