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MrTB Spyker
Registered User
Join date: 20 Dec 2008
Posts: 2
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03-16-2009 04:56
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Lindal Kidd
Dances With Noobs
Join date: 26 Jun 2007
Posts: 8,371
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03-16-2009 07:42
From: MrTB Spyker It seems to be majorly confusing for alot of people besides myself..
First the restriction on spending your own money seems silly as alot of other people have mentioned.. as one would like to buy atleast $24.70 worth of lindens at the best possible price around. which brings me to this board..
Now getting my head around the restrictions on limits per day and per month sorted out..
i went to actually put in an open order, now from my understanding you have
Open Sell Orders at the Best 20 Rates
This from my understanding is people selling lindens at the best 20 rates on the open market right?
then you have
Open Buy Orders at the Best 20 Rates
This is people that are offering to buy lindens and showing the best 20 rates
So if the lindex exchange is showing L$287 / US$1.00 L$60,500 buy rate.. (L$60,5000 being the Total remaining quantity) then how come my order at the same offer to buy lindens is not being filled????
From my understanding there are $60,500 lindens avalible at the rate of 287 lindens for every US $ which cost even more if its AU or other currency.
Just like everyone else, im just looking for the best deal and 7000 lindens at that rate leaves me to asume, that at that top 20 rate, the order was/is avalible to be filled with that quantity of 60,500 being avalible to purchase
or am i missing something?...
confused... No, that isn't $60,500 available for purchase. It means that there are that many orders in to purchase lindens at that price. The linden trades in a very narrow range (controlled by Supply Linden). People who put in buy orders at 287 are making a long shot bet...that money is going to sit on the table for a LONG time, since lindens normally are purchased at about 269-275 per $1.00 US. If you don't understand limit buy/sell orders, just click the "immediate purchase" or "immediate sale" button instead. You may not get the very best price by 1 or 2 lindens, but it's easy and quick.
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It's still My World and My Imagination! So there.
Lindal Kidd
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Oryx Tempel
Registered User
Join date: 8 Nov 2006
Posts: 7,663
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03-16-2009 08:33
Just as if you put your L$7000 up for sale at L$245/USD; You're offering it, but it's going to sit there for months if not longer, because no one wants to buy at that rate. Your L$7000 will still show up on the LindeX, but that doesn't mean they're going anywhere.
The L$60,500 to buy at L$287/USD is just that: an offer. Doesn't mean anyone's going to take the person up on it. The people selling L$ don't want to sell at L$287 because they could make a lot more by selling at L$260.
Like Lindal said, to buy/sell quickly, your best bet is to
a) make an immediate transaction, not worrying about the rate, or
b) buy/sell at the lowest/highest L$/USD rate listed. Sell at L$261/USD, for example, which is one of the higher listings available. It will sell within a few hours. Buy at one of the lower listings available. Either way, it's literally pennies on the dollar, and unless you're going to be doing this very often, won't matter.
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MrTB Spyker
Registered User
Join date: 20 Dec 2008
Posts: 2
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Penny on the pound
03-16-2009 14:36
I guess i was mislead by the idea of Total remaining quantity and how the data was/is set out..
Now i feel like im ripping myself off because when buying US $ in credit it cost over $40 to $45 AU and went through london..
so now i get the feeling i have to settle for ripping myself off,
no matter....
thanks for the input.. It is appreciated.
Was/is my mistake
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MrTB Spyker
Registered User
Join date: 20 Dec 2008
Posts: 2
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Update
03-16-2009 14:52
Dont know maybe its just my perception of things... who knows..
I ended up getting 6422 for $24.70 taking the fee into account...
Thanks again for the help
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