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Why do people undercut?
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SurrenderMonkey
State Protectorate
Caldari State
#41 - 2013-12-18 18:00:38 UTC
There's nothing even remotely mysterious about that. They wanted their order filled, so they priced at a level that would discourage others from following them.

What's generally less sensible are the people who undercut by a significant chunk that's still far too small to actually discourage competition.

"Help, I'm bored with missions!"

http://swiftandbitter.com/eve/wtd/
Nyancat Audeles
Center for Advanced Studies
Gallente Federation
#42 - 2013-12-18 20:16:56 UTC
The fun part is when the rest of the station traders absentmindedly follow and you realized you changed the buy prices across the region, and in some cases, across all of EVE!
Patri Andari
Thukker Tribe Antiquities Importer
#43 - 2013-12-19 01:49:57 UTC
Sometimes I like to boost buy orders just because it is an item I want to dump into the buy orders , but they are too low in price or not enough of them. Lemmings follow my buys up, and when I establish enough to satisfy the amount and price I want, I pull the buy order(s) and sell. Good times.

Be careful what you think, for your thoughts become your words. Be careful what you say, for your words become your actions. Be careful what you do, for your actions become your character. And character is everything. - author unknown
Mhax Arthie
Doomheim
#44 - 2013-12-19 12:02:09 UTC
Market bot. And I see a lot of them lately, they are annoying as fuk.
TheSmokingHertog
Julia's Interstellar Trade Emperium
#45 - 2013-12-19 13:31:36 UTC
Mhax Arthie wrote:
Market bot. And I see a lot of them lately, they are annoying as fuk.


Do you report them?

"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X

"Schrödinger's Missile. I dig it." ~ Makari Aeron

-= "Brain in a Box on Singularity" - April 2015 =-
SurrenderMonkey
State Protectorate
Caldari State
#46 - 2013-12-19 16:39:46 UTC
Mhax Arthie wrote:
Market bot. And I see a lot of them lately, they are annoying as fuk.


This theory is idiotic. Bots, being immune to fatigue, boredom, and carpal tunnel syndrome, have zero motivation to try to price anyone else out of a market - they can play .01 all day.

"Help, I'm bored with missions!"

http://swiftandbitter.com/eve/wtd/
Bill Saisima
Doomheim
#47 - 2013-12-20 09:48:39 UTC  |  Edited by: Bill Saisima
I generally don't care. There's too many people doing it and I don't have time to research their psychology. I sell my stock at the price I can and move away of that product temporarily if I get better margins out of something else. As long as I'm consistently moving stuff I'm making profit over the month. I could hold onto the inventory but then my isk is sitting there and I may even make even more loss over time. It's rarely worth it to speculate unless you're pretty sure what the outcome is.

edit: About bots, it happened this one time I suspected a bot. I trade daily since the last 4 months, most of it (volume-wise) in Jita 4/4.
Mhax Arthie
Doomheim
#48 - 2013-12-20 09:50:37 UTC
SurrenderMonkey wrote:
Mhax Arthie wrote:
Market bot. And I see a lot of them lately, they are annoying as fuk.


This theory is idiotic. Bots, being immune to fatigue, boredom, and carpal tunnel syndrome, have zero motivation to try to price anyone else out of a market - they can play .01 all day.

There is multiple way to set up a bot, one of them is to keep the buy orders 5% (or less) under the sell price. Problem is when a bot is set up to drive region orders with the same rules.

No point in reporting them as I'm sure that Dr. E. is already watching these fukers as they start to mess pretty bad with the economy.
Capt Under
Starlight Holdings
#49 - 2013-12-20 20:57:48 UTC
Debra Tao wrote:

tl;dr **** the 0.01 isk war i don't have time for that.

This,
0.01 isk wars show reckless greed (fat cats with a bad attitude) and dedicated for social losers with no real life except maybe a big wallet. So the moment I see someone trying to play that game and not share the market with me or other "casual traders", I would be more than happy to ruin ALL their profit margins (no profit for me either but they wasted more time than me so thats a win).

If enough traders would help to destroy profit margins for 0.01 traders they would eventual be forced to change their game or they would waste to much time for little financial gain.

Just say no, **** 0.01 low-life traders
Chi Garu
Perkone
Caldari State
#50 - 2013-12-20 22:00:02 UTC
Capt Under wrote:
Debra Tao wrote:

tl;dr **** the 0.01 isk war i don't have time for that.

This,
0.01 isk wars show reckless greed (fat cats with a bad attitude) and dedicated for social losers with no real life except maybe a big wallet. So the moment I see someone trying to play that game and not share the market with me or other "casual traders", I would be more than happy to ruin ALL their profit margins (no profit for me either but they wasted more time than me so thats a win).

If enough traders would help to destroy profit margins for 0.01 traders they would eventual be forced to change their game or they would waste to much time for little financial gain.

Just say no, **** 0.01 low-life traders


Who do you think buys your no-profit orders and then re-lists them at a profitable margin?
LittleTerror
Stygian Systems
#51 - 2013-12-21 01:58:49 UTC  |  Edited by: LittleTerror
Nyancat Audeles wrote:
The fun part is when the rest of the station traders absentmindedly follow and you realized you changed the buy prices across the region, and in some cases, across all of EVE!


You only sped up the process...


@OP

Don't buy stuff when the buy orders are (massively) over the regional low average in the last 30 days, because you will only be undercut by those who bought the stuff when it was at the CORRECT price...

All the information is right there on the price history graph/table however it is up to you to find items that are suitable to trade.

Tip.

All items change in price frequently, and so you will need to check over 300 - 500 items per day, this process can be made more bearable with spreadsheets, either use goggle docs or excel, I prefer excel...

You can read about spreadsheet stuff here
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