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L$ continues to fall... IGE drops buy price again
Ace Cassidy
Resident Bohemian
Join date: 5 Apr 2004
Posts: 1,228
09-29-2004 06:19
IGE has dropped their "buy" price for L$ for the second time in as many weeks. They now only offer US$1.275 for a block of L$250.

- Ace
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Lynn Lippmann
Toe Jammer
Join date: 12 Jun 2003
Posts: 793
09-29-2004 06:56
BUT...

On GOM, the price is $1.33 -- so it's "better" to sell your Linden's there.

What am I missing here?
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Cubey Terra
Aircraft Builder
Join date: 6 Sep 2003
Posts: 1,725
Re: L$ continues to fall... IGE drops buy price again
09-29-2004 06:56
From: someone
Originally posted by Ace Cassidy
IGE has dropped their "buy" price for L$ for the second time in as many weeks. They now only offer US$1.275 for a block of L$250.

- Ace


Is it typical for IGE to offer less than the market rate on gamingopenmarket.com? It's currently 1.32/250 Linden block there.
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Ace Cassidy
Resident Bohemian
Join date: 5 Apr 2004
Posts: 1,228
09-29-2004 11:00
If you're selling L$, its almost always better to park your sell orders at the top of the "Sell" line. You'll usually get a better price than IGE offers, even after discounting the US$0.03/block commission charged by GOM.

And you're almost always better off buying on GOM as well. This is especially true if you're patient and just put in bids at the top of the "Buy" line.

This isn't ALWAYS true, but as one who keeps a close eye on both IGE and GOM, I can safely say that this is usually the case.

Just be a good shopper/seller, check out both sites, and go for wherever you can get the best deal with the level of convenience you want.

- Ace
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Chip Midnight
ate my baby!
Join date: 1 May 2003
Posts: 10,231
09-29-2004 13:09
I don't see any decline at GOM at all. Every time I've looked over the past week to ten days it's been right around $1.32. The last time I sold L$ about two weeks ago I think I got $1.32 for it. Soooo, aside from IGE dropping their buy price I don't see this decline you're talking about Ace.
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
09-30-2004 03:18
I think IGE is trying to limit their exposure to the l$. They're doing this by reducing the price to a point people will stop selling to them..
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Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
09-30-2004 07:11
Like I said a million times. The cheaper land prices will cause a demand on the Linden Dollar. As such, the LD will increase in value.
Maxx Monde
Registered User
Join date: 14 Nov 2003
Posts: 1,848
09-30-2004 07:17
So where's the uptrend? It's basically flat at the 1.30 area, not including the portion that was due to the fraud closure.
Alby Yellowknife
Sic Semper Tyrannis
Join date: 5 Jun 2004
Posts: 1,148
09-30-2004 07:19
From: someone
Originally posted by Maxx Monde
So where's the uptrend? It's basically flat at the 1.30 area, not including the portion that was due to the fraud closure.



Rome wasn't built in a day. Currency valuation moves take time. It took 4 months to move from the $1.05/per block range to $1.40/per block range.

Patience...
blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
09-30-2004 23:47
Yeah, I think the temporary drop was an issue of seasonality.
People going back to work / school. Less demand for SL.

I think we may find a big uptick around christmas when the latest round of people get their funky new computers.
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Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds :

"User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches."