I know I'm a bit of n00b. But my JCing is going really well, together with mining I can usually make a healthy profit...
But recently I notice that prices are getting lower and lower; what would usually make me 2-3G now are lucky to get one. Someone was selling 5 [Bronze Bands of Force] for 50s!
Question being - Will this worrying trend continue, or does the market commonly go in to a slump like this?|||This dose happen from time to time, someone will put items in at a really low price (When there is no need to) and ruin the market value.
Primal Might on my realm normally sells for 160 – 170g. On Friday someone put 5 in for 100g when the next lowest price was 160g but that was his loss, I got all 5 and re-listed them all for 160g. I made 300g from him and kept the market at the usual price.
Best is to either wait a few days or if you can Buy out the low priced ones and relist them at a higher price.|||how did he lose? he sold his did'nt he? maybe hes a nice guy and trying to sell it cheap for other people..I hate when #$%^ people put crap up for 2000X times the amount of it..|||he lost out of potentially making 300 more gold than he could have. putting it up for market price, like what Eileithyia did, is not putting it back up for 2000x the amount of it. and he didnt put it up for the higher end of the market price (170g), but the lower end at 160 gold.
people who sell too low messes up the market for those who worked at collecting these things.|||Quote:
he lost out of potentially making 300 more gold than he could have. putting it up for market price, like what Eileithyia did, is not putting it back up for 2000x the amount of it. and he didnt put it up for the higher end of the market price (170g), but the lower end at 160 gold.
people who sell too low messes up the market for those who worked at collecting these things.
exactly, now if there were others in ah for around 110 - 115 yes there was a valid reason for putting them in at 100, but the lowest was 160g. What he should of done was put them in for around 155g and would of at least been 275g better off.
His loss my gain.|||I bought four BoE blues that Auctioneer said was at 50% of the price.
That cost me only about 80g. Right now I'm selling each of the four for 35g each, and they're selling well. That's 175% profit!
If someone does the whole "Mwahaha I'm going to list at super-cheap prices" thing, just buy them out and relist the stuff for a higher price. If you don't, somebody else probably will.|||Especially since undercutters usually last only a short time. They lose interest fast, or they got a short term windfall. A sudden and rapid downturn of a particular market is usually quite short term, particularly if that market has been relatively stable over time.
Stick 'em in the bank and wait until the weekend.
...Ren|||I once bought 5 Primal Lifes for 6 gold but I imagine this must have been a mistake on the listers part.
But yeah, make undercutters your friend. I follow some markets closely and every 5-7 days they hit a silly low and I buy them out and wait for them to hit their scarcity peak.|||If your selling JC things you make to lvl it will constantly go up and down. When I was lvling it I would make 15 of one thing and just put them up for cheaper then normal. Since not everyone is a JC, and only lvling JCers make begnning stuff, most of the things up are ripping people off. When others start lvling it, it prices will go down a lot since they'll be trying to get rid of it all.|||Quote:
people who sell too low messes up the market for those who worked at collecting these things.
Too low? Define "too low"? Do we ask for opinions on price before posting in AH?
Can't I sell for whatever I want to sell for? Who says I didn't do the work colleting mine, and I just don't want to wait to get top dollar (er...gold)?
If you think it is too low, please feel free to make money off of me. I'm pleased when you do so.
Sometimes, I put things in AH merely to free up my bag space....and couldn't care less if I could get more gold that I can't really use.
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