Guild Wars 2

Be Patient

time and time again i see idiots undercutting by 1 copper and then resetting their sale or purchase to try undercut whoever uncercuts them by another copper
and the reason that is stupid is because on average you ll pay 20-50s+ fee each time you reset your sale or purchase so by the time you finally get your " good deal" you ll end up with less profit or no profit at all

another thing is there is no reason to undercut someone selling 1-15 items their purchase is short term if you’re trying to sell 100+ items dont be an idiot and blow your profit on fees undercutting the guy selling 5 items

then theres the mega hoarders or possible botters , you create a block by dumping over a thousand items at a time ,it is a bad idea because you effectively set the new average price from wich to undercut for everyone else

most importantly dont expect instant purchase or sale if you’re aiming for actuall profit set a proper price behind that of an undercutter that is selling a minimal ammount of the item you want to sell and wait it’ll eventually sell

But if i am buying items i am exempted from all fees and i will offer 1 extra copper than my closest competitor and be the top buyer of goods

Yawn Do you think that the people who do this will actually be on the forum? I undercut all the time. But then I only sell high value items. One at a time. And I wait.

JVJD.4912:

But if i am buying items i am exempted from all fees and i will offer 1 extra copper than my closest competitor and be the top buyer of goods

yup. TradeWars 2

Undercutting is ridiculous and I laugh at people who do.

- A piece of iron ore is a piece of iron ore. Doesn’t matter if you get it from a bag, a boss or mining it. Why would a person list theirs for less unless they’re stupid? Unless they believed that selling theirs first is the profit, instead of the coin sitting in their bank.

- Supply and demand means nothing in a world where supplies are infinite. Think about this. Supply and demand is based on the premise that when materials are low, the price goes up. There will never be a limit on cloth, ore, leather, or any other material. Therefore, there is no demand to cause materials to rise in price, except out of greed. The only materials that should get expensive are seasonal, like candy corn. T6 mats should never cost more than any other tier of material. Once you reach 80 the access to all tiers of material is equal.

- Value and worth. There is a difference between these two words and I believe a lot of people don’t know it. A piece of Mithril ore is roughly 50-60 copper. This is how much it’s worth. However, to someone that really needs a piece of Mithril ore might pay 2 gold because they’re in a pinch. That’s value.

- When listing an item, charge more than the other player. Why? Don’t you think you’re time is worth it? I certainly think my time is worth it. If you and another player are fighting the same boss at the exact same time, why would you put yourself in a position to lose money by undercutting, when you get the same item and have put in the same amount of time and effort?

- Prices will never get out of control. Sure they’ll go up when everyone is listing them for more. But soon the price will get to a point where a person will say – “That’s not worth it.” And will go farm it themselves. The prices will come back down since the value of the item will have reached it’s peak.

Shivan.9438:

Undercutting is ridiculous and I laugh at people who do.

- A piece of iron ore is a piece of iron ore. Doesn’t matter if you get it from a bag, a boss or mining it. Why would a person list theirs for less unless they’re stupid? Unless they believed that selling theirs first is the profit, instead of the coin sitting in their bank.

- Supply and demand means nothing in a world where supplies are infinite. Think about this. Supply and demand is based on the premise that when materials are low, the price goes up. There will never be a limit on cloth, ore, leather, or any other material. Therefore, there is no demand to cause materials to rise in price, except out of greed. The only materials that should get expensive are seasonal, like candy corn. T6 mats should never cost more than any other tier of material. Once you reach 80 the access to all tiers of material is equal.

- Value and worth. There is a difference between these two words and I believe a lot of people don’t know it. A piece of Mithril ore is roughly 50-60 copper. This is how much it’s worth. However, to someone that really needs a piece of Mithril ore might pay 2 gold because they’re in a pinch. That’s value.

- When listing an item, charge more than the other player. Why? Don’t you think you’re time is worth it? I certainly think my time is worth it. If you and another player are fighting the same boss at the exact same time, why would you put yourself in a position to lose money by undercutting, when you get the same item and have put in the same amount of time and effort?

- Prices will never get out of control. Sure they’ll go up when everyone is listing them for more. But soon the price will get to a point where a person will say – “That’s not worth it.” And will go farm it themselves. The prices will come back down since the value of the item will have reached it’s peak.

That is not true though? Materials get consumed and leave the market. People gathering puts it back into the market, but drop chances and just, the amount of people willing to gather a certain thing do influence the supply rate.

Astrella.8930:

Shivan.9438:

Undercutting is ridiculous and I laugh at people who do.

- A piece of iron ore is a piece of iron ore. Doesn’t matter if you get it from a bag, a boss or mining it. Why would a person list theirs for less unless they’re stupid? Unless they believed that selling theirs first is the profit, instead of the coin sitting in their bank.

- Supply and demand means nothing in a world where supplies are infinite. Think about this. Supply and demand is based on the premise that when materials are low, the price goes up. There will never be a limit on cloth, ore, leather, or any other material. Therefore, there is no demand to cause materials to rise in price, except out of greed. The only materials that should get expensive are seasonal, like candy corn. T6 mats should never cost more than any other tier of material. Once you reach 80 the access to all tiers of material is equal.

- Value and worth. There is a difference between these two words and I believe a lot of people don’t know it. A piece of Mithril ore is roughly 50-60 copper. This is how much it’s worth. However, to someone that really needs a piece of Mithril ore might pay 2 gold because they’re in a pinch. That’s value.

- When listing an item, charge more than the other player. Why? Don’t you think you’re time is worth it? I certainly think my time is worth it. If you and another player are fighting the same boss at the exact same time, why would you put yourself in a position to lose money by undercutting, when you get the same item and have put in the same amount of time and effort?

- Prices will never get out of control. Sure they’ll go up when everyone is listing them for more. But soon the price will get to a point where a person will say – “That’s not worth it.” And will go farm it themselves. The prices will come back down since the value of the item will have reached it’s peak.

That is not true though? Materials get consumed and leave the market. People gathering puts it back into the market, but drop chances and just, the amount of people willing to gather a certain thing do influence the supply rate.

What I’ve said it’s true. The materials in the market never have and never will leave the market in such an amount to cause a massive spike in prices.. You’re correct in saying that the people out gathering do influence the supply rate, but supplies in game are infinite. The proof lies in the fact that for years Elderwood and Mithril have been the lowest selling material, but even when they’re plentiful as they’ve always been, the prices are rising due to needing them for upgrading guild halls. Before HoT Elderwood logs sold for half a silver, give or take, but after the release, they went up to a silver piece or more and the places to get them is still there. The supply is still plentiful. This debunks supply and demand in this MMO.

Infinite?

Assault Knight Power Core

(ups, its a trophy not mat)

No. They had a high supply because they were the dominate mat nodes in the high level area as well as the dominate mat you got from salvaging high level gear. And since it doesn’t really take long to get to 80 compared to other games, even conservatively playing, it means that for a very long time there were a lot of players at the cap. Since the drop system is based on level, salvaging gear drops created a ton of T5 basic mats. But the sink for them was limited which kept the prices low.

Supply and demand seems to be working in my book.

Doesn’t the trading post sell the most recently listed item first if you just price match the lowest seller?

Serval.6458:

Doesn’t the trading post sell the most recently listed item first if you just price match the lowest seller?

No, it’s first in, first out. Not last in, first out. So if you list your item at the same price as 1000 others, the 1000 others have to sell before yours does.

Maybe they undercut by 1 copper just to annoy the previous seller.

People do that.

Most likely thought they are doing it because they believe it will make their item sell faster. It is still a gamble though because the next guy may undercut you by a copper.

Undercutting by a copper is normal practice. Unless there’s a good reason not to, it’s a perfectly sensible practice, whether we’re talking undercutting (selling) or overcutting (buying). It’s when someone randomly changes the price by a silver, a gold, several… by several percentage points, that you start thinking some players ought to be barred from using the TP.

In short, if it was selling (buying) for X, it’ll sell for X +/- 1 cp. But when you randomly knock a chunk off the price… It was going for the price you just screwed over. If it wasn’t, the price wouldn’t be there!

It can be very frustrating. Not that I have any time for the OP’s post. I do believe, even though I have no stat’s to back up my opinion, that the vast majority of people who play the game don’t visit the forum. So the vast majority of people that use the TP will never see this…

I threw some trash rares up on the TP earlier today, came back later, checked on them and saw that people had strongly undercut me and then people had undercut them further until there was a price difference of something like 10-15 silver.

All my items still sold within a timeframe of around six hours or so anyway. All they’re doing is gouging into their own profit margins.

Tapioca.9062:

I threw some trash rares up on the TP earlier today, came back later, checked on them and saw that people had strongly undercut me and then people had undercut them further until there was a price difference of something like 10-15 silver.

All my items still sold within a timeframe of around six hours or so anyway. All they’re doing is gouging into their own profit margins.

^This^

It happens very often that i’ll check on my sell order progress to find out that some random tp social justice warrior tried to bring the price real close to buy order price and i can’t help but facepalm as i know full well that it’ll be back to normal values next time i check. It baffles me even more when it’s in fast moving markets, I just don’t see the point. That being said, too bad for them, I know my markets and all they’re really doing is, well… nothing but lose out on potential gold gains.

Tapioca.9062:

I threw some trash rares up on the TP earlier today, came back later, checked on them and saw that people had strongly undercut me and then people had undercut them further until there was a price difference of something like 10-15 silver.

All my items still sold within a timeframe of around six hours or so anyway. All they’re doing is gouging into their own profit margins.

No, all they are doing is wanting to get paid first. As long as the price you list is withing the range where sales are being made, it’ll sell, eventually. But people who once always clicked on “sell instantly” start placing asks, eventually isn’t fast enough. They have no patience.

Master: Ed Gooberman, you must learn patience.
Ed: Yeah, yeah, patience. How long will that take?

I undercut pretty much for 2 reasons;

To get it out of my inventory b/c it takes up space and I just want it gone.

and most importantly:

Anything above vendor cost is a win to me.

Big ticket items, I would sell for much higher prices but I don’t find those ever so no point even going further about that.

I personally do not sit infront of the TP all day and night long like many to monitor what stuff is worth; people with third party programs, third party sites, and or are career flippers will always come out on top no matter what so I really don’t care no more I guess.

edit. one more reason why I tend to undercut: I have been burned by other undercutters and had items not sell for weeks. Then I have to reprice and it happens again so I continually make less money due to listing fees over time thus I just price stuff to sell fast/be done with it.

I think most people who are undercutting by a large amount want to sell their item quickly but think the price offered by the buyers is too low. So they want a price somewhere between and are happy with that. At least that is my thinking when I do it.

I always undercut with 1 copper because I know it drives certain people crazy.

GragorR.9768:

It happens very often that i’ll check on my sell order progress to find out that some random tp social justice warrior tried to bring the price real close to buy order price and i can’t help but facepalm as i know full well that it’ll be back to normal values next time i check. It baffles me even more when it’s in fast moving markets, I just don’t see the point. That being said, too bad for them, I know my markets and all they’re really doing is, well… nothing but lose out on potential gold gains.

I think this way they can lower the average price level.
After the weekend they can buy all the stuff for that low price and sell it later for a higher price.
If you have enough gold ofc

I undercut by more on the premise that others will let this sale go rather than me setting the new base line price to undercut by a copper.