LindeX at 262 - why?

I'd make a solid 90 USD USD more if I waited for the sorta random 262 rate and cashed out the month then, instead of at 264, but I prefer consistency to day trading.

The best way to do it is to constantly have L$ up for sale rather than just sat doing nothing in world. So this is the status right now.

Exchange Rate - Total Remaining Quantity
L$263 / US$1.00 - L$1,148,017
L$262 / US$1.00 - L$14,789,113
L$261 / US$1.00 - L$4,314,367
L$260 / US$1.00 - L$2,156,359

I have sale orders at 261 and 260. based on recent history I would expect the 261 to sell at some point during Nov so have the most sat at that amount. Less sat at 260 on the off chance.

If I then need to cash out fast I'll just cancel everything and create a new sell order at 264 for an very quick transaction.

There is no point at all having L$ sat doing nothing on your avatar in world unless you plan to spend it. Leave as much on the exchange as possible to get the best price (especially with the £ being so weak at the mo.)

I wouldn't expect your sell orders to execute this month, because even though there are only a few million now, Supply Linden typically ratchets the target amount up to about 30-40 million L for sale. You will have to wait much longer than that, unless they drop from 262 to 261.

I wouldn't expect your sell orders to execute this month, because even though there are only a few million now, Supply Linden typically ratchets the target amount up to about 30-40 million L for sale. You will have to wait much longer than that, unless they drop from 262 to 261.

Would the strengthening US dollar have anything to do with it?

If someone spends thrity quid a month they'll now be getting less Linden dollars than they were a couple of months ago.

You can cancel an order? That's something I haven't picked up before. I'd imagined that those who had orders that weren't being filled for ages were stuck without their money. It gets better.

Thank you all for the information. If I'd listened to Kitty a while ago, I would have been doing it this way for a while now.

P.S. Welcome back from the OS thread, Ciaran. Is this just a visit?

We experienced one large real world business who ran a promotion that ended & then they sold all the L$ they collected on the exchange at once in late Sept and October. That caused the Supply of L$ to expand faster than normal prior to October and then slower than normal - even declining - in October. November has returned to normal and to ensure stability we let the L$ appreciate by one L$ and we plan to let it continue to appreciate modestly over time.

The LindeX is the absolute most fun part of my job & I've got a great team working with me on it.

Would the strengthening US dollar have anything to do with it?

If someone spends thrity quid a month they'll now be getting less Linden dollars than they were a couple of months ago.

I would also suspect that with history as an indicator, they may let the rate drift back up as we close in on the holidays

That would contradict Zee Linden's explicit statement that they're planning on letting it continue to appreciate over time. I suppose they could make an exception over the holidays, but I think people would have more confidence if we saw consistent, slow appreciation (e.g., having the rate drop by 1L$/USD every 3-6 months), until it hits some target. If it fluctuated both up and down, there's be more speculation on both sides which could disrupt things.