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Thebro Nobrunder
Schrodinger's Renegades
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Posted - 2009.06.19 15:03:00 -
[1]
Would it be reasonable to require a player to undercut the current market orders by at least 1% of the current order?
This is similar to what sites like ebay do to keep people from raising their bids by silly amounts.
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Stick Cult
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Posted - 2009.06.19 15:05:00 -
[2]
No, because some margins are only a few percent anyway. Undercutting a few times by 1% totally ruins any margin there was.
Especially in trit, some margins are only 2% or 3%, of course the profits are made because of the massive volume (billions of units), but undercutting by 1% a few times destroys it.
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Thebro Nobrunder
Schrodinger's Renegades
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Posted - 2009.06.19 15:08:00 -
[3]
Originally by: Stick Cult No, because some margins are only a few percent anyway. Undercutting a few times by 1% totally ruins any margin there was.
Especially in trit, some margins are only 2% or 3%, of course the profits are made because of the massive volume (billions of units), but undercutting by 1% a few times destroys it.
It would force people to either accept the lower margine... or post their sell order for the same price as the other orders. In that case everyone could make money instead of the nut (or bot) who keeps undercutting by 0.01 isk
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Hagir Bethul
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Posted - 2009.06.19 16:02:00 -
[4]
Edited by: Hagir Bethul on 19/06/2009 16:02:37
Originally by: Thebro Nobrunder
It would force people to either accept the lower margine... or post their sell order for the same price as the other orders. In that case everyone could make money instead of the nut (or bot) who keeps undercutting by 0.01 isk
Now if you could give a good reason why limiting player interaction is supposed to be a good thing? Your conclusion is false also. Not everyone could make money. Only those who corner the market by putting up sell order precisely 0.99% over production cost.
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Thebro Nobrunder
Schrodinger's Renegades
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Posted - 2009.06.19 17:23:00 -
[5]
I don't want to limit player interaction... but undercutting someone by 0.01 isk every 10 minutes is just stupid. Add to this the bots which are doing it illegally.
In the worst case where someone had a sell order at 101% of production costs... then you could either sell yours at no profit, or post your order at the same price. In this case you are making just as much money as the other guy.
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Grarr Dexx
Amarr Corp 1 Allstars
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Posted - 2009.06.19 17:25:00 -
[6]
This will ruin bulk trader and margin trader professions. Also high value trader. |
Santiago Fahahrri
Galactic Geographic
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Posted - 2009.06.19 18:03:00 -
[7]
Market PVP is valid. Welcome to Eve. ~ Santiago Fahahrri Galactic Geographic |
Thebro Nobrunder
Schrodinger's Renegades
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Posted - 2009.06.19 18:30:00 -
[8]
We're not limiting trading skills, or market pvp. Undercutting a sell order for a multi million isk item for 0.01 isk is just stupid... it's unrealistic, and it wouldn't be allowed in any rational system. |
Santiago Fahahrri
Galactic Geographic
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Posted - 2009.06.19 18:34:00 -
[9]
Originally by: Thebro Nobrunder We're not limiting trading skills, or market pvp. Undercutting a sell order for a multi million isk item for 0.01 isk is just stupid... it's unrealistic, and it wouldn't be allowed in any rational system.
It would be allowed in any and all free market systems. |
Maxsim Goratiev
Gallente Imperial Tau Syndicate
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Posted - 2009.06.19 19:59:00 -
[10]
i don't agree with idea above |
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Kahega Amielden
Minmatar Suddenly Ninjas
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Posted - 2009.06.19 20:18:00 -
[11]
No. Just give the sale who whichever order the buyer selects, rather than the lowest.
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Jobby
Minmatar UNITED STAR SYNDICATE
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Posted - 2009.06.23 01:52:00 -
[12]
Originally by: Thebro Nobrunder Would it be reasonable to require a player to undercut the current market orders by at least 1% of the current order?
No. |
Caassimolar
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Posted - 2009.06.23 02:50:00 -
[13]
dumbest idea, you have zero knowledge of the eve market, this would kill the market, just because you're bad at playing it
stop selling at jita and most your problems will be solved
you are the problem |
Jin Nib
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Posted - 2009.06.23 02:52:00 -
[14]
You do relize that just because some nob decides to out bid you by .01 ISK does not mean you have to do the same? |
Stella SGP
Oresome Mining Inc.
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Posted - 2009.06.23 17:04:00 -
[15]
Your pain is my gain. |
BenjaminBarker
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Posted - 2009.06.23 19:16:00 -
[16]
Originally by: Kahega Amielden No. Just give the sale who whichever order the buyer selects, rather than the lowest.
This. 100% This.
If I could buy a module for 1,000,000 isk instead of 999,999.99, I would, but apparently I HAVE to support those who think a .01 undercut is 'competition'.
If you can't do that, then limit the price by order of magnitude. For example, anything under say 100 isk uses the current .01 isk resolution, but for every order of magnitude above that, the resolution increases by a factor of 10:
0 - 100 isk = .01 isk resolution 100 - 1,000 isk = .1 isk resolution 1,000 - 10,000: 1 isk resolution 10,000 - 100,000 = 10 isk resolution 100,000 - 1,000,000 = 100 isk resolution etc...
That provides a resolution of at least 0.1% of the price. With Trit selling around 4 Isk, the resolution of each price increase is around 0.25%. If that's enough for competition on Trit, then 0.1% to .01% is enough for everything else.
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Scarlette Harlette
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Posted - 2009.06.23 19:19:00 -
[17]
Edited by: Scarlette Harlette on 23/06/2009 19:22:49 Your idea is bad, and you should feel bad.
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Sep'Shoni
Gallente Carpe Diem inc.
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Posted - 2009.06.25 17:13:00 -
[18]
Originally by: Thebro Nobrunder
I don't want to limit player interaction... but undercutting someone by 0.01 isk every 10 minutes is just stupid. ...
Nothing stupid about doing what is necessary to make a profit.
The Eve market is based solely on price competition. Its PvP with buy and sell orders rather than guns.
Restricting the ability of industrial characters to compete with each other in this way is the exact equivalent of giving people who don't enjoy gun-PvP immunity to pirates and war-decs. |
Sep'Shoni
Gallente Carpe Diem inc.
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Posted - 2009.06.25 17:16:00 -
[19]
Originally by: Thebro Nobrunder We're not limiting trading skills, or market pvp. Undercutting a sell order for a multi million isk item for 0.01 isk is just stupid... it's unrealistic, and it wouldn't be allowed in any rational system.
Ever go shopping in a country with a free market?
Gas stations and grocery stores compete on pennies all the time in real life.
Its 100% realistic for people to try to make the maximum possible profit possible while still being just a tiny fraction better than the competition -- because if you're a LOT better then the competition it would be like dropping money in the street and not bothering to pick it up. |
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