DeletedUser
how so? the money is refunded when you're outbidded.
Lets me ask you something, Is $6 not more then $5? Is 10001 not more then 10000?It's a market. Not a who-has-time-to-raise-1$-most-times contest.
1$ is nothing. Everyone can raise 1$ no matter how poor. But not everyone has time to re-bid 100 times a day.
The seller want's to find the person who wants to pay the most for the item. Simple as that.
"This concept will lock people out of the bid because they do not have enough time to work a job to gain the minimum bid amount for something they want before the auction is over. Sure, not at the start, but in the last couple of hours."
So if the bid reaches $10,000, and I only have $10,020, I should be locked out of the biding process because although I have enough to bid higher, you some how magically deserve a bid higher then I can afford? And even though I might have been willing to pay more then the winning bid, but not the minimum increase increment that you are somehow entitled to, that's how an auction is supposed to work.Raising the bid beyond what your opponents can afford. That is what an auction is all about. So, if you can't afford to give a proper raise, you will have to earn more money and come back later.
The way the system works now, the minimum raise might as well be 0.0001$. In terms of profit, 1$ is nothing.
Who cares. You are not entitled to any amount of money for any product. Anything that limits what the buyer is able to bid does nothing but diminish the experience in the game for the buyers. And there has not been a good reason explained for it other then you get anoyed waiting for the last bid to come in. Well, just like you said earlier, "That is what an auction is all about."Putting an item out for auction instead of instant buy makes no difference.
It's like saying; "This is what I expect to get for the item, but I’ll let you 1$ raise-fight over who really gets it".
So if the bid reaches $10,000, and I only have $10,020, I should be locked out of the biding process because although I have enough to bid higher, you some how magically deserve a bid higher then I can afford? And even though I might have been willing to pay more then the winning bid, but not the minimum increase increment that you are somehow entitled to, that's how an auction is supposed to work.
There is no abusing anything. Let's not even suggest that. The purpose of a market auction is to get the most someone is willing to pay for something. As a buyer, I am willing to pay $1 more then whoever else to get the item until the bid is higher then I think the item could be worth to me.I don't care about the potential 1$ raisers. They offer me nothing when im selling an item. They are just (ab)using a hole in the bidding system that shouldn't have been there in the first place.
Here is the problem with that line of reasoning. The market value of an item is what anyone is willing to pay for it in the market at any certain period of time. If I bid 10 times the value of something yesterday, it doesn't automatically mean that the market value jump 10000% over night. It means you found a buyer willing to pay more then last time. If the same item comes up tomorrow, and I bid only 5% of that, then the correct market value at that time is less then we started with. The buyers are who set a market value when somehting is auctioned, not the seller. The seller can post a minimum bid that they are willing to let it go for and let others pay more for it, but in the end, it's all about the buyer, not the seller.The bidding function should serve as a help when the seller doesn't know the market value of an item. He should be able to put the item out for any price, and let the buyers drive the price up to a respectable value.
Not the way its being abused now, on the expense of the sellers.
It's greed because the concept here is not to allow market forces to accelerate the bid to determine the market value but to set limits primarily meant to benefit the seller. And with those limits in place, you are limiting the amount of participation from the majority of players who are not collectors of money and play the game in other ways like dueling or fort fighting. If you are going to start the bid lower then what you are willing to take for the item, then it's pretty obvious that setting a minimum raise level is only there because you want more money then the smallest amounts of increases a player is willing to give. To me, that equates to greed. I'm not sure how it can be seen otherwise.I still fail to understand why you call it greed to ask for more money for an item.
If an item is overpriced, either at bidding price, instant purchase or minimum bid, that is the sellers problem. Not the buyers. The buyer simply doesn't buy the item, and that forces the seller to lower the price.
There is something called supply and demand.....other than sharing amongst alliance members, most of market items are sold because there is a big demand for them, thus the seller can boost the price. and this is the wild west, mind you, so anything goes. Just look at prices for products used for crafting.The buyers are who set a market value when somehting is auctioned, not the seller. The seller can post a minimum bid that they are willing to let it go for and let others pay more for it, but in the end, it's all about the buyer, not the seller.