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L$3,000,000 Changed Hands Today!

Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
10-15-2005 17:17
Goodness! Incredible volume on LindeX! I guess my question is... where did this money go? I know my stores aren't seeing L$3,000,000 in business per day... so I wonder... what industries are consuming this vast amount of L$?

My theories (ranked in order of estimated size, from greatest to smallest)

Real Estate (the actual virtual land)
Clothing/Accessories
Furniture & Fixtures
Casinos (Gambling)
Vehicles & Aircraft
Other


Anybody else care to gander? $12,000 USD was spent today In World! Are you getting YOUR cut?
Moss Talamasca
Serpent & Thistle
Join date: 20 Aug 2005
Posts: 367
10-15-2005 17:21
Woah. I guess LindeX is a fair success, then :)
Cristiano Midnight
Evil Snapshot Baron
Join date: 17 May 2003
Posts: 8,616
10-15-2005 18:12
Where did you get that figure? I saw a volume of 1.7 million Lindens for today.
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Cristiano


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Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
10-15-2005 18:20
From: Cristiano Midnight
Where did you get that figure? I saw a volume of 1.7 million Lindens for today.


Right there good sir:

https://secondlife.com/currency/market.php
Margaret Mfume
I.C.
Join date: 30 Dec 2004
Posts: 2,492
just checked
10-15-2005 18:25
Today's volume: L$1,887,716
Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
10-15-2005 18:29
From: Margaret Mfume
Today's volume: L$1,887,716


Hmmmm... but look at the chart.... L$3,000,000+..... one of these is wrong....
Stream Shark
Registered User
Join date: 2 Jan 2005
Posts: 12
10-15-2005 18:30
Jamie, your enthusiasm for LindeX is so great, you actually see more money changing hands than actually took place! WoW!
Simple Chaos
Registered User
Join date: 13 Nov 2003
Posts: 84
10-15-2005 19:21
From: Jamie Bergman
Hmmmm... but look at the chart.... L$3,000,000+..... one of these is wrong....


The $3M mark on the chart is for the 14th... today is the the 15th (and we're at $2.1M so far today).

Still not bad though for yesterday -- over $3M!!
Frans Charming
You only need one Frans
Join date: 28 Jan 2005
Posts: 1,847
10-15-2005 20:03
Interresting to note, While 3m L$ was traded, the price of the L$ went up. Good times. :)
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Tateru Nino
Girl Genius
Join date: 13 Sep 2005
Posts: 312
10-16-2005 22:53
The higher the volume, the less urge there is to list at a worse exchange rate to get a quick sale. The rate of currency purchase should act on the exchange rate. Higher sale rates should bring the Ell up, and lower sale rates should bring it down.

Of course that's an oversimplification, but like a lot of oversimplifications, it is a useful one. There are - of course - many other factors operating on the sale price of Ellz.
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