Currency is: Gold, Silver, Copper.
You have to be patient, it is a waiting game.
If the item is selling for 157 Gold 78 silver 78 copper.
You can Undercut it with 1 copper. That is the best option.
If you undercut with gold, you are lowering a value of item with a huge impact.
The best option is to undercut with coppers, the item will have his huge expensive value and you will be rich.
If you undercut with silver, that is still ok if you go with 1 silver.
You have to remember never to undercut with Gold because you are making your wallet light.
Everyone wants to have heavy wallet with huge amount of gold.
I agree but some people just don’t get it, I tend to participate in the "heavy moldy bag market " which ranges between 7-9s, despite this every time the price rises you see people undercutting by a silver dropping the value of the item, it’s just stupid 1g or 1silver undercutting gives you no more benifit for sell speed then 1c, it just devalues a valuable item and the seller ends up with less money.
However you won’t change people, some don’t get how economy works.
When I got things to sell, I usually do it like the example of the OPs screenshot. Placing it somewhere in the middle between buy-orders and sell-listings because:
- you still get more gold than you would get by selling it instantly
- you are less likely to be undercut by other players
- you only have to wait a few days max for it to sell instead of several weeks because others undercut you with 1c
- sometimes undercutting by a few gold results in getting bought almost instantly by other traders because they fear devaluation of the item through my offer
So yeah, I think its the optimal way if you want to sell items rather fast but dont fullfill the buy-orders. In the example the guy undercuts by 14 gold. Including fees thats a loss of ~12g. In return he has better chances to sell the item fast.
There might be several reasons for a large cut besides not getting it. Possibly the person wants to sell it fast and get their gold because they need the gold now for another project but doesn’t want to take the bigger hit of selling to a buy order. They might think a price is too high because of a price spike and that listing at the higher price won’t sell but be repeatedly undercut so they list at a price closer to the average for that time. Or possibly they have listed before at a higher price, were undercut repeatedly so that it didn’t sell and relisted at a large cut just to sell it because they got tired of waiting.
There have been a couple of times when I’ve had an item that listed high, was undercut repeatedly till it was low, pulled it after a month and undercut the current price by a largish margin just to sell the item.
TL;DR: “Someone undercut me severely as he wanted to sell faster than I do. It made me mad, so I put a thread and called it a ‘guide’ so that we can establish a market collusion and I get less competition next time I trade.”
i have collected several stacks of things and sold it as cheap as possible. small amounts, a little lower each time.. mostly because the prices for most things i feel are way 2 kitten high
Or you can undercut by 25% if you are still in the margin of profit and make the person following your guide either buy it and profit a little to keep the margin active or let the market determine the proper price/margin. If you play the undercut by 1c game you will get undercut by people who have made buy outs and have hidden supply.
If you only undercut it by a copper, the next person will do the same. If you undercut by a lot and it’s only a few items you are trying to sell, other players may simply leave you alone, knowing it will sell quickly and the price will go back up. However if you undercut by a lot with a lot of items, you may have just set the new low point and everyone will now undercut you and it will take a long time for you to sell your items. It’s tricky to know how many and by how much the other sellers will let you get away with before crushing you behind a wall of undercut items.
Or you can undercut by 25% if you are still in the margin of profit and make the person following your guide either buy it and profit a little to keep the margin active or let the market determine the proper price/margin. If you play the undercut by 1c game you will get undercut by people who have made buy outs and have hidden supply.
You can get undercut in both way. There are people who undercut like crazy, if another crazy person come they will set a new price. We cannot let the market fall in crazy people hands! We have to act now! And fight with 1 copper so we can all be rich!
