>price undercutting

[Maenara]

You start out at an unreasonable price and it's supposed to slowly dip down until it reaches something people are willing to pay for it. It's not supposed to lose 95% of its initial price in 10 sellers.

[jcart953]

Hahah you guys wanted 70 mil for that lol. Have you ever thought your price was maybe too high? I mean if you think your price is really worth that much (can't see why) then buy all the lower bids and re-sell. Honestly, though I always undercut people and will continue to do so.

[Maenara]

I have a SH Trident. I bought it for 11 million meseta. Now it's worth 30~40 million meseta and slowly trending upwards, so.

[Sizustar]

The market determine what an item is worth, if it's not selling at the price you're setting it at, then it's too high.

[jcart953]

Lol I have one 2, but anyway that's not a SH trident. Point is not all camos are worth the same . Hell not all items are worth the same and obviously the price drop is reflecting that.

Edit: What Sizustar stated 2.

[Maenara]

It's not selling at the price I was selling at because the first seller after me instantly slashed off 30 million meseta from my price. Then, when a second seller showed up, they undercut THEM by 100k. Then, the person who undercut me by 30 million meseta instantly undercut themselves by 15 million meseta. Third seller undercut them by 1 million meseta. So they dropped their price by 7 million more meseta.

The market didn't determine the price. Once very desperate person did.

[Sizustar]

It's not selling at the price I was selling at because the first seller after me instantly slashed off 30 million meseta from my price. Then, when a second seller showed up, they undercut THEM by 100k. Then, the person who undercut me by 30 million meseta instantly undercut themselves by 15 million meseta. Third seller undercut them by 1 million meseta. So they dropped their price by 7 million more meseta.

The market didn't determine the price. Once very desperate person did.

What you described is exactly the market determining the price.
If there is a demand for it, then it'll sell at a higher price, if not, then the price will be lower.

Posting on this forum won't change anything, you can either buy up all said item in the market, then set it at your price, or just wait and see if someone else will buy it, but as there are other that are alot cheaper then yours, that's not likely to happen.

What you wish to sell is not the market price, it's what you want to sell, but it's not what the buyers are seeing now, as there are more people selling it at a lower price, so that is it's current worth.

[Maenara]

I'm sorry, you must not be understanding my post. Try again?

[isCasted]

Everyone understands your post. Your price is undercut but this much because other sellers know in advance that nobody is going to pay that much. That's why this undercutting goes at higher rate - you made starting price unacceptable. Your price is so ridiculous it's comparable to those people who put items for 10 billion meseta just to make use of My Shop as extra storage.

If you want logic to see logic in their actions, try to see logic in your actions first.

[GreenArcher]

If the "market" didn't determine these prices, why not just buy up all these low priced items listed by the "desperate undercutters" and make a huge profit selling all your camo's for 70mil a piece?