Originally Posted by
Energizeric
Undercutting by 1 gold is effective on cheaper gear, as people will always just buy the cheapest one. However, on very expensive gear, undercutting by 1 gold will make sure that neither yours or the other one listed will sell. Here is the reason...
Let's suppose the item for sale is a sword. So there are 5 swords available in the CS ranging in price from 500k-600k. The cheapest is 500k, the second cheapest is 520k. If you now list one for 499k and I'm looking to buy one, I will wait. Why? Because I want to see if someone will undercut you by a significant amount. And there is no risk for me, because at worst someone buys yours for 499k and I can still buy the one for 500k, so nothing lost in waiting. So maybe the next guy will list for 480k, and then I save 20k.
Undercutting by 1 gold encourages buyers to wait. And what happens when buyers wait? Sellers get impatient and lower their prices.
Undercutting by 1 gold causes prices to drop!
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