Please add better options to buy orders (and possibly sell orders)

As someone who does a lot of crafting, I make extensive use of buy orders. However, a major problem is someone placing a higher buy order .01 gold higher than your order and moving you from the top of the list and having to reenter a higher order if you wish to remain the best bid. When this occurs you are forced to cancel your order eating the loss on the listing fee in order to repeat the process. Today I had someone do this to one of my buy orders for a single item 8 different times. I know it was the same person doing it because their previous order would disappear with the creation of the new one. While I was increasing my bids by 5% to 10% with each order this person would always just increase my bid by .01. I think that this sort of behavior should not be rewarded and I think there are two easy potential solutions:

  1. Create a minimum price increase someone must place on their buy order in order to have the highest bid (I think 1% would be a fair number but .5% could potentially work as well).

  2. On order creation, add the option to increase your bid price automatically if someone puts in a higher buy order (maybe have it so you specify a certain quantity of the item another buy order must be in order for your price to increase in order to avoid having a potential seller create numerous buy orders for 1 item in order to artificially force potential price increases).

One of the functions of markets is price discovery based on supply and demand. While this seems to be largely functional on the selling side of things (although I would potentially be ok with similar options for sales) the buy orders are currently extremely frustrating to use as people bunny hop your listing without aiding in price discovery at all as they are not aiming to pay a “fair” price, simply the lowest bid price +01.

1 Like

Good idea :+1:

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