Oh it 100% makes sense.
That’s why half these people complaining about their inability to make gold would bankrupt their own businesses.
They would open up shop then undercut everything because to them price is king.
Again, quick buck vs long term gold income. Sad most don’t have that foresight.
Quick buck can mean long term investment. It’s not that easy. However that doesn’t matter since it’s impossible for everyone to agree on this. It’s just how it goes
couldnt it be better if people instead of undercutting… uppercut?
eventually cheaper one will be sold off and remaining will be more expensive.
seems like its current trend of shop owners, was curious.
Not really when the discussion is about market making a specific item.
GHL are not going to become irrelevant like the T1 mats for a long long time.
They are definitely not becoming irrelevant. Prices are not dropping because of undercutting. This is not a long term happening. If demand is higher then supply they will stabilize again
On NA West where we’re being destroyed by bots they’re up to 140.
(Bots would bring the price down not up. People buying gold is what brings the prices up)
Whenever i sell these kind of items i check the buypage, use the refresh button a few times to see the amount of items being sold for which prices
I typically am a vulture when it comes to undercutting, I wait patiently for cheap mats to show up and snatch them away
Printing gold increases prices by devaluing gold. Our crystals are also up to 700.
Yeah that’s easy to observe when you refresh prices a few times… There is no need for undercutting mostly… It’s starts on 80,79,78,77,76… And few moments later it’s back to 80 if the amount of new items isn’t way higher than buy orders… Just needs some patience
Bots bring the price down by flooding the market.
Gold buyers bring the price up by essentially printing gold.
Strictly about ghl though, do they flood it? I haven’t seen or heard about bots at 1370 yet, though it’s still only a matter of time i guess
Not when they’re flooding the market with gold.
Trading royal crystals for gold doesn’t print gold. Learn how the systems work before commenting.
Price doesn’t go infinitely. Even if there are no incentives to sell the product as soon as possible the price would eventually cap out at one point, which would be how much it’s actually worth, the amount someone is willing to pay for it.
I mean bot gold buyers ffs, use some common sense
I agree undercutting by 1g is lame but its been present in every AH in every MMO I have played. I also think that having a posting cap per character incentivizes people to dump their mats fast if you are grinding and farming and posting several things. Couple this with limited inventory space and you have people who are trying to dump things fast to list more things. This is my personal experience, especially after reset. I try to clear out my excess inventory on all my characters and always post the max in the auction house and market with many things left over. I feel if I have the lowest price that my items will sell fast and I can post more before I switch to the next character. If I could post everything and then switch to my next character I would happily post it at the low without undercutting.
My mistake, I thought you couldn’t possibly be saying that bots both bring down and raise the price as that would be crazy.
thats how it works … either u undercut to make fast profit and maybe lose some profit than the stock is away …
Or u hold onto it and wait till the supply dry out and than either there is no more interest or u make even more profit …
Just ur choice
you mean basic economics like… undercutting? happens all the time with supermarkets and gas stations. ebay items, basically any online store that sells the same item.
While its slightly different in the AH I did just want to point out that undercutting is a very very very basic marketing strategy that quite literally happens every day all around you weather you notice it or not.
I’m personally a hoarder so I have mats to spare and never need to buy them, or sell them for that matter.
I did take a highschool econ class though, not that its needed to understand undercuttings place, purpose, and overall function within any economy, virtual or otherwise.