How Low Will It Go: Deluxe Edition!

Wow I feel ripped off haha.

How do I go about placing that type of order?

What I`ve been doing is hitting "Sell Lindens" then it asks me to type in the amount I`d like to sell and I get the money instantly.

I`d rather like to sell at around 266, where do I click to do this?

Same page. Just scroll down untill you see the limit sell box.

https://secure-web10.secondlife.com/account/currency_settings.php Check the advanced button.

Ah that explains it. I was on basic since I joined.


Thanks a ton, both of you.


Quick question, does the buyer have to buy all of the $L im offering to sell? Eg If I put up 200K can they only buy 5K if they wanted?

And if my $L does not sell can I retrieve the money back into my Sl account?

Believe it or not I have had people buy as little as L$100 before but your sell order will stay active as long as you want or gets executed completely. You can cancel at any time and get your remaining L$ back into your account.

Thanks! I put some up, hopefully this is a usable method for me.

Orders are filled in a first-in-first-out per best rate. All the orders that existed at the same sell rate as yours have to sell first, before it gets to your L$200k. If someone puts up a better offer (more L$/$) then that new order will sell first before returning back to your order.

Once your L$ sells, and you look at your US$ account history, you'll see either one single credit (someone bought L$200k or more) or dozens of small credits). From your point of view, it's best if the order fills in less transactions since the 3.5% is applied per buy order (for a sell) and rounded in LL's favour, but that's not anything you have any control over.

You can go to https://secondlife.com/currency/history.php to cancel your order at any time, even if it's been partially filled. The remainder of the L$ will just go back to your in-world balance then.

Thanks Kitty, that`s some really good information on this.

I guess it`s a bit risky(probably not the best word to use) as you don`t know how many purchases before your order is totally sold out. I put mine up for 265/1 but now I think I will cancel and put it for 267. Are there any fees for listing and/or cancelling?



How come in the buying section it shows people have bought for 308/1? That seems really expensive... Are those old figures?

My last 3 L$265/1 sell orders all took 3 days to be executed but a L$266/1 order should fill in a few hours.

The difference is really negligible. 3.5% of 10000L put up isn't going to be 4% because of a rounding error. No, there are no fees for cancelling.

Those are limit buy orders and they will go all the way to L$1000/1 or greater you just can't see them. The greatest exchange rate for an executed limit buy order was about L$17,000/1 but we think that was an error on the part of the seller. Last summer before the exchange rate started down it was possible to get limit buy orders filled at L$350/1 in enough quantity to make sizable profits when sold at L$330/1.

Don't cancel and relist . The amount of transactions it will sell in is completely random since it depends on how much people are buying and what rate you're selling at doesn't really influence that.

I only pointed it out in case you'd check how much you're supposed to get vs how much you actually did after the 3.5%. Let's say everyone bought your L$200k in L$1k chunks.

L$1k at 265/1 with a 3.5% seller's fee = $3.641509 and assume LL cuts off at the pennie so you get $3.64
$3.64 * 200 = $728

If it sold in one big chunk, you'd have gotten $728.30 instead

So it doesn't actually make any real sort of difference, but some people calculate the before and after manually and there would be a discrepancy of 30 cents for this specific example .

I hope I didn't confuse you any further, otherwise just forget all of the above. I'm still only half-awake yet and not being terribly clear .

You could offer to sell your L$ for 200/1 too, it would just not ever reach that rate since L$ are sold from top to bottom and people continually put in new orders at realistic rates.

They might hope the exchange rate ever hit that, or they could have forgotten they have any orders listed (or their accounts could have long been cancelled/abandonned), or they might just be using the LindeX as a place to deposit their excess L$.

This thread is turning into "Limit Sell: Deluxe Edition!"

I know. I'm bored with land speculation talk too.

No one has even placed a starting bid on Troll Sweat. Discuss.

Kitty- haha no that makes perfect sense. I`m just wondering how realistic that .30 cent add on is. Would that be the real figure or were you just making up an example?

If that`s the real difference then it`s nothing i`d personally worry much about.

My last 3 trades at L$265/1 normalized to L$200,000 yielded $728.25, $728.24, and $728.27. I wouldn't get real worried about it.

There are 12 sims that have no starting bid are we waiting to see when Troll Sweat actually goes in that queue?

Yes. If I have to stay up all night, I will witness Troll Sweat begin its journey towards getting sold. There are many Corsica sims still unnamed. Can Lark's Vomit be far behind?

You're shiitaking me!!!! Get out!!


Yup. It's there. Shiitake
It probably means "Land of the perfumed blossom" in its home language.
Some of the exotic names are fun. I quite like them.

It's nice to see a bunch of Irish placenames as sim names.
They should have been in the Irish language though.
Thug dúin SL as Gaeilge a deirim!

I own land in Shiitake. It's a Japanese mushroom. For real.

Oh get out Raymond!

You remember as well as I do that a 4096 m. sq parcel was fetching approx. L$30,000 during your first six months in SL. That's approx. $112 US dollars. Overnight last November that base value doubled, and although my memory may not be the best (feel free to correct me ), I'm pretty sure it tripled or even quadrupled towards December 2006/Jan 2007. So, a 4096 was suddenly in the $225 - $350 USD price range. That's a pretty significant outlay for a bunch of prims on a relatively small piece of land in a computer game - particularly for those who have no interest in making money and are wary of all the disputes and drama attributed to the mainland. With land at that price, it would also take eight to twelve months for your tier payments to match the initial outlay. That's why I reckon the above statement is simply not true. The outlay *is* substantial enough to deter regular consumers when land prices are high.

Also, if the land boom last November was responsible for anything, it was the realisation that land prices can actually become highly volatile - even after over a year of stability - so there is a considerable risk that you won't get your outlay back when you sell-up. So buying land become more a question of "how much outlay can I afford to write off."

Maybe the outlay isn't such a big deal for land traders because, let's face it, that is where their profit margins lie...provided the value of land is moving in the right direction for them. I noticed no complaints from land dealers when mainland value rocketed last year, but lots from potential consumers who had been priced out of the market. And for what? So traders can keep the price high by dealing mainly among themselves?

It seems to me that the boot is on the other foot, and good old fashioned karma is coming into play here.

I should have clarified that I was talking about the buyers of smaller parcels from 512 to 2048, not those buying 4096s and above.

I don't know about the karma thing. I see it as more ying yang.

Many land barons are doing very well scooping up land for less along with everyone else. And end users who bought high and want to sell now are going to take a huge loss, an outlay they will have to write off as you put it.

I hope I have some good karma coming. I'm trying to win my first full mainland sim at auction. And I'm not going to carve it up. I'm going to keep it and make it all purty-like. Yes, very soon I will hopefully be swimming in an ocean of Troll Sweat.

Here's my few thoughts for whatever they are worth.

By raising the bottom end price for mainland, the lindens have assured that we will never see the days of 3-5 Lindens per m2 again as that price for a full 65536 works out, at the current exchange, to around 5.05 Lindens per m2 (please, feel free to check my math, its late, or early, depending on how you look at it). Factor in the automatic markup that anyone who buys a sim will add on when they cut and sell and you know those areas that are selling under 7 per m2 are not exactly the premium land that folks prefer (seen the grey stone hill/mountains for sale yet?).

The sims that are selling lowest are the least favorable for that first and likely most profitable sell.

As long as there are enough folks wanting to try to flip quick, the prices will go above the minimum. What happens when folks stop paying when they are high bidder is another story entirely.

We are going to have a land glut period, but the best parcels in the settled, matured (not rated mature, just growed up) sims with no ad farms cause the ad farmers didn't hit every new sim this way back then, etc, will still draw a premium price.

There are mainland sims that are simply beautiful. They are generally older, have fewer parcels and those moving in feel more compelled to fit in with the jones' The path from new sim to a beautiful settled, matured sim can be a rocky and ugly one. It can also be really expensive to anyone who tries to keep buying out the ugly... so sayeth the voice of experience

Char

Indeed. I've often felt bad for those who joined up after November and paid the going rate because I just couldn't see the high prices being sustained in the long term. I'm also aware that I've not invested in mainland since November, primarily because of the outlay for the size of parcel I'm interested in, but there are other obvious reasons factored in there too.
LOL. Good luck with that! Any reason you're undertaking this venture now, and not.. say.. two months ago?

Do be careful about using the word "mature" when referring to the older, more established sims, as it's easy to confuse with the rating (Mature vs. PG).

I mention it because I can't tell you how many parcels I have seen with MATURE in the listing that were in a PG sim. It was especially funny when the PG sim in question was also brand new and full of 512s for sale. Perhaps it was just wise for its age.

Two words: Troll Sweat.