The market is crashing bad!

wooot.. more general hysteria for us all .. mmm gotta love the smell of fear.. has anybody been getting L under the table from LL? has anybody found a Linden Multiplier???..then chill ..as long as there are ppl playing the game ..and the content is worth buying there wont be a crash.

hehe this is what I was hinting at as a possibility

Personally I think after the last 800 'OMG OMG OMG SELL SELL SELL' posts the room has become a lil more hip - could be time for em to come up with a new tactic hehe.

No! The market has surged! Buy! Buy! Buy!

WAIT THE MARKET HAS STABILIZED! ahhh... make a grilled cheese?

Run for your lives the sky is falling ! again.

But it was such a convincing argument he put forward

No, just shocked that it's going to take until Feb. I pointed out this problem back when LindeX was still in beta. It's just a shame that it isn't a priority.



Yeah it definately works, in just the way I thought it might when I first saw it. Now that more and more people are realizing that they can have their selling limits raised, (I assume) we're able to see something closer to the actual amount people want to sell sitting on a 1 sided market. I think this will get much worse (for sellers, although it will of course be a buyers dream.. two sides to every coin) before it gets any better.

This is an interesting theory, which has been repeated several times in slightly different wording. "market griefers" paying money to influence the charts. As silly as it sounds to do something like that, it could be happening.

That said, it's not the cause of the current situation anyhow. The theory falls short of reality as it fails to consider the OTHER L$16,000,000+ that is sitting there below LL's target rate of 250. Market griefers selling a few lindens outside of the current rate doesn't change the underlying facts that all those lindens ARE stacked up and when there are no bizarre sell orders sitting the going rate IS 268.

If this type of thing is going on for the reasons implied, it's griefing the historical data, not the actual market conditions. Of course an argument could also be made as to whether this would really be "gaming" anything at all. If said people did post L$ for sale at whatever price they found reasonable for whatever reason, and a transaction did then occur, the market data is accurate. We may not like their motives for trading at whatever price they're trading at, but the more I think about it, I'm not really sure if we can call it "gaming" or "griefing".

I also have an alternate theory as to what's behind these sales way outside of the going rate. It's not nearly as much FUN as yours, of course, because it doesn't lead to an implied right for certain forum regulars to bash another resident for doing things they don't like. So, yeah, pretty boring stuff, but here it is anyhow.

Sally Seller comes along and wants to sell L$ RIGHT NOW. There is no way to enter a limit buy order for Sally Seller to sell into. Sally is confused, and doesn't know what to do. She sees that she can buy now but she can't sell now, she can only post a classified ad to sell her money. So, she does what comes naturally, she offers a discount. She sees that the going rate is 268 and figures that if she offeres it for 280ish it will sell RIGHT NOW rather than sitting there for months with all of these other millions of L$ that have stacked up. She then puts the order in at 280, and a LindeX vulture snatches it up right away to relist at a better price. All parties satisfied.

Lindex needs a "WANTED" column. To have someone working full-time on a currency exchange for seven months *without* completing this (and several other) highly critical features is inexcuseable. Unless, of course, LL's goal in bringing currency exchange in-house was to gain the ability to slow the exchange rate's decline (by decreasing market liquidity) and obfuscate that decline (by switching to the inverse of the community-accepted $/L$1k and inverting the exchange rate price graph).

I've wondered about both of those things myself. I'm not sure whether the change of the quoting method was to make it "easier" to understand, or to make it not look as much like a "carbon copy" of your old exchange, or what. But, I've talked with several people who are under the impression that the value of the L$ is currently CLIMBING. One example can be seen right in this thread where someone cites the current uptrand in the L$. This kind of mass confusion is really sad.

I hope that you guys will consider bringing GOM back at some point. There really does seem to be a need in the community for more real markets.