Second Life Forums Archive - Amount of L$ at LindeX going down

Daniel Regenbogen

Registered User

Join date: 9 Nov 2006

Posts: 684

03-09-2008 06:28

For a couple of days now I noticed the amount of L$ offered on LindeX going down. The average exchange rate was kinda stable for months at 265, with all time at least some 30 mio L$ offered at this rate. Over the last few days it went down to now less than 6 mio L$ offered. I doubt that a) the sellers suddenly stopped cashing out or b) the buyers suddenly started to buy 3 times of what they bought in the past.

What could be the reason for that? Did LL stop pushing L$ into the market themselfs? As someone who has to sell L$ every month to pay island fees I wouldn't mind the average exchange rate going down to 264 or even lower.

Lots of stuff happening these days...

Imnotgoing Sideways

Can't outlaw cute! =^-^=

Join date: 17 Nov 2007

Posts: 4,694

03-09-2008 08:18

Product : Demand? (^_^)

_____________________

Somewhere in this world; there is someone having some good clean fun doing the one thing you hate the most. (^_^)y

http://slurl.com/secondlife/Ferguson/54/237/94

Mathieu Basiat

Wavemaster

Join date: 24 Apr 2006

Posts: 57

03-15-2008 14:50

well, now its at 263

Ollj Oh

Registered User

Join date: 28 Aug 2007

Posts: 522

03-15-2008 22:14

The USD is worth less and less and the L$ is dependand on the USD.
If you pay your SL in EUR, CAN and other foreign (to SL) currencies, SL becomes cheaper by exchange rate, but worse to gain your foreign currency from.

Europeans can buy more, US-citizen can`t...

Zippy Cortes

Registered User

Join date: 4 Aug 2007

Posts: 135

03-16-2008 05:03

I dont really understand all this, but if someone can tell me in laymans terms i would very much appreciate it. I am about to cash out my lindens in the next few days about quater mil, what price should i set then if i sell via slexchange? Of course i want the best price, but if its only a saving of one or two dollars then i may as well sell via lindex. Cheers, if anyone can give me some pointers.

Uvas Umarov

Phone Weasel Advocate

Join date: 8 Feb 2007

Posts: 622

03-16-2008 05:42

If I were you, I would wait it out a few days. LL has kept the linden very stable for many months now. This may just be a glitch.

But the difference between 265 and 264 for a quarter million lindens works out to about 3 dollars difference.

_____________________

"On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings

Amount of L$ at LindeX going down
Daniel Regenbogen Registered User Join date: 9 Nov 2006 Posts: 684	03-09-2008 06:28 For a couple of days now I noticed the amount of L$ offered on LindeX going down. The average exchange rate was kinda stable for months at 265, with all time at least some 30 mio L$ offered at this rate. Over the last few days it went down to now less than 6 mio L$ offered. I doubt that a) the sellers suddenly stopped cashing out or b) the buyers suddenly started to buy 3 times of what they bought in the past. What could be the reason for that? Did LL stop pushing L$ into the market themselfs? As someone who has to sell L$ every month to pay island fees I wouldn't mind the average exchange rate going down to 264 or even lower. Lots of stuff happening these days...
Imnotgoing Sideways Can't outlaw cute! =^-^= Join date: 17 Nov 2007 Posts: 4,694	03-09-2008 08:18 Product : Demand? (^_^) _____________________ Somewhere in this world; there is someone having some good clean fun doing the one thing you hate the most. (^_^)y http://slurl.com/secondlife/Ferguson/54/237/94
Mathieu Basiat Wavemaster Join date: 24 Apr 2006 Posts: 57	03-15-2008 14:50 well, now its at 263
Ollj Oh Registered User Join date: 28 Aug 2007 Posts: 522	03-15-2008 22:14 The USD is worth less and less and the L$ is dependand on the USD. If you pay your SL in EUR, CAN and other foreign (to SL) currencies, SL becomes cheaper by exchange rate, but worse to gain your foreign currency from. Europeans can buy more, US-citizen can`t...
Zippy Cortes Registered User Join date: 4 Aug 2007 Posts: 135	03-16-2008 05:03 I dont really understand all this, but if someone can tell me in laymans terms i would very much appreciate it. I am about to cash out my lindens in the next few days about quater mil, what price should i set then if i sell via slexchange? Of course i want the best price, but if its only a saving of one or two dollars then i may as well sell via lindex. Cheers, if anyone can give me some pointers.
Uvas Umarov Phone Weasel Advocate Join date: 8 Feb 2007 Posts: 622	03-16-2008 05:42 If I were you, I would wait it out a few days. LL has kept the linden very stable for many months now. This may just be a glitch. But the difference between 265 and 264 for a quarter million lindens works out to about 3 dollars difference. _____________________ "On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings

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Amount of L$ at LindeX going down