Necessarily YES.
There is NO set value on these things. The value is, by design, fluid. So the only "correct" price is the one that one sells for. Yes, even if some guy sells that rare foil for 1 cent.
Yes, you could get more for your stuff if a person didn't undercut you... but that's just basic supply and demand.
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It's not strictly supply and demand since sellers can't actually increase quantity supplied, nor do the cards actually have a cost of production (unless you take into account buying games just to get cards).
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they can decide at what price they wish to supply it, and at what price it is no longer worth to to them as far as the value they have for the item.
so they can't increase or decrease the supply of a given card all that much....but they can change the supply of that card at any given price point. if a lot of supply is tied up in >$10 and the buyers are looking more for $6 thats lower supply but high demand at the lower level which some sellers will likely drop to meet. if sellers drop to 4 those get snapped up quickly showing enough demand to try a higher price point. ect.
and if demand is for the card at 6 but the seller doesn't want to let it go for less than 7 they simply don't set their individual price lower.
(if enough sellers felt that way the price would end up set at 7 or higher and the people wanting it for less would either wait for somebody discounting for a quick sell or just have to suck it up and make the call if they even want it at all, is the card worth $7 to them? if yes buy if no don't. just the same as the sellers who'd want 20 if they could get it will have to decide: set it to a price where it'll sell or not.)
the item costs nothing to produce, but also nothing to horde. if a seller doesn't like the prices just don't sell at them. refuse to supply, nobody has a gun to their heads forcing them to participate in price wars down to prices they feel lower than the value. even less so if they happen and end so quickly as implied by some above.
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I doubt most people on steam act like rational suppliers. They'll sell at any price regardless and likely undercut any price.
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That's still being rational. Sales are just a form of competition or removing surplus stock. Whereas the steam market is totally different because, like I said earlier, there is no cost of production. That means any price will be a profit maximization point meaning that people will sell there cards regardless of price.
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True, but that's not really relevant to the point here. What's being asked for in this thread is artificial price controls because people erroneously believe that a certain card has a set value, when actually what complaining about being undercut shows is that the sellers want protection from normal healthy market forces pushing the cost down. I see the same complaint regarding the WoW Auction Houses all the time and it's just as silly there (although there, real money is not a limiting factor assuming you're not cheating.)
Also, TheGannet's reply is excellent.
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lol. I did the same, but with a few foils i had. On the day the sale ended, the foils rocket to $3, but i couldn't sell because i was locked out of the market for using a new payment method. So the cards dropped to $1.50 when i was able to sell. I thought the cards would surely go back up soon. WRONG, they just kept going down, there were 100s of new foils listed and just drove the price down. Ended up selling 2 Kerbal summer foil cards for 80c and a Tomb Raider summer foil for 90c
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Those people are just fucking morons. New cards come out for game and half of them have a starter price under 20 cents. Don't they know the one percent will snatch up cards in an instant?
The market itself has a bunch of people with prices all over the place.
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How am I going to get more of the Tomb Raider games if I need to match them? >:(
I can think of one three letter word that might just significantly improve the quality of your life
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Silly Xarabas, my country doesn't use Yen as currency.
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Amazing thread.
To all the people that are crying when people are selling stuff way to cheap in their opinion: buy it yourself and re-sell it for the price you think is correct. Then if you overpriced shit doesn't sell come back here and cry for your stupidity.
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A lot of the time, people don't give a crap about getting the maximum out of a stupid virtual item. They just want to dump the thing because maybe they need exactly X amount of money in their wallet to afford something else they want to buy. So they don't mind underselling it in order to get that amount of wallet funds quickly.
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I had some good foil drops 3 foils in 10 hours of playing. 1 of them was a double. So i sold that one on steam market. THat perticular foil would go for around 6.5€. I sold it for 5.99€ and it was sold immediately. You have to think about alot of things when selling and not just mash up " a great" price. Depends on market, and of course price/demand. Maybe a suggestion if the foil you want to sell is at lets say 2 dollars, why not sell it for 1.5 or 1.2 dollars? It will be sold pretty quickly and everybody is happy :)Thats what I also do in real life when i get a present that i already have. Last year I got the latest iphone. Normal around 650€ over here. Sold it for 550€ and it was sold the next day ;) Just saying that undercutting prices is just a way of doing business? its nothing personal :) That people actively undercut things is also an indicator that the prices are way to high for a particular item.
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Back then when Trading Cards were still private group only, I always watched which games would be added at tues- and thursday. So Tower Wars was added. Lucky me -> playing it, getting a foil as first drop of all and had a monopol of that foil....thinking about price...hmm...15€+15% should be reasonable. So I set it on market overnight for these 17,25€ and it was bought! Next day that foil was ust worth 5€. then 4€. Then Trading Cards got public. Now it is 0,80€.
So I just got (and sold) one foil in my whole Trading Card History...and instant 15€ for me :D
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trying to sell my Skyrim foil and happens the same thing!
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I really want a foil. First booster pack today full of 10 cent Gmod cards
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One time I played for hours with other sellers trying to sell our foil cards. Every time someone offered a lower price I lowered that price by 1 cent
The price started from like 10 euros (it was a foil for game that had just gotten cards) and finally I could sell it for 0.5 euro, lol.
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talk about stupid:
Here in Germany the counter-strike case keys cost 2.04€ on the market, while you can buy fully new ones ingame for 1.79 Q_Q
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Got two foils yesterday, trying to sell them, people pop up and undercut by a dollar or two for no reason. How am I going to get more of the Tomb Raider games if I need to match them? >:(
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