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L$ Dropping Precipitously Again |
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Faith Stormwind
Second Life Resident
Join date: 10 Nov 2004
Posts: 4
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08-12-2005 17:10
WOW! I just watched it drop from $3.71, to $3.70, and a couple more times down to $3.68!
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nimrod Yaffle
Cavemen are people too...
Join date: 15 Nov 2004
Posts: 3,146
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08-12-2005 17:11
WOW! I just watched it drop from $3.71, to $3.70, and a couple more times down to $3.68!
Edit: $3.67 now |
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Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
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08-12-2005 17:35
WOW! I just watched it drop from $3.71, to $3.70, and a couple more times down to $3.68! Edit: $3.67 now And the price is dropping, I wonder what this is doing to theday traders bottom line, it can't be good for them either. I also wonder if this could induce panic in the market. But then IGE is still buying at 3.80 per kL so will it return to that price? or will it stay low? _____________________
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Schwanson Schlegel
SL's Tokin' Villain
Join date: 15 Nov 2003
Posts: 2,721
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08-12-2005 17:47
I actually like the new system, in theory. It makes sense. The problem as I see it is that it gives the immediate gratification crowd much greater sway over the market. Anyone wanting to sell their $L now has to wait in cue. Sellers of small amounts of $L can no longer ask a higher price. Everyone has to wait for the lowest priced $L to sell, before they sell their $L. It was inevitable IMO that this new system would drag down the value of the $L. It is now a buyer's market. _____________________
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Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
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08-12-2005 18:05
I would say 2.10 per KL is a crash. Or maybe another hacked account? This is unreal.
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nimrod Yaffle
Cavemen are people too...
Join date: 15 Nov 2004
Posts: 3,146
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08-12-2005 18:09
I would say 2.10 per KL is a crash. Or maybe another hacked account? This is unreal. $2.00 now, this is VERY fun to watch! |
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Eboni Khan
Misanthrope
Join date: 17 Mar 2004
Posts: 2,133
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08-12-2005 18:13
How much was put at $2? You will notice the largest block is for sale at 1.6 million for sale at 3.87.
Didn't GOM used to have a yearly chart? What has been the historical low? _____________________
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Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
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08-12-2005 18:14
40,000 $2.05 fill
100,000 $2.02 fill 150,000 $2.02 fill This is the top of the want now.... This is quite a drop _____________________
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Jillian Callahan
Rotary-winged Neko Girl
Join date: 24 Jun 2004
Posts: 3,766
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08-12-2005 18:18
Woah bebbeh. Did someone just dump a ton on the market or something? I think there's a bunch of happy L$ buyers right now.
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Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
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08-12-2005 18:21
I heard that someone just dumped on the market, which was weak to begin with... it is quickly coming back to a higher price... but there are a lot of happy buyers right now
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Trevor Matador
Quizno Creator
Join date: 20 Mar 2005
Posts: 63
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08-12-2005 18:22
You mean sellers, I wouldn't have known until tomorrow, but I just got an email about 10 mins ago saying my 2.22/1000 order was filled. WOA! Probably some rich, stupid, noob buying his/her way into our little society
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Trevor Matador
Quizno Creator
Join date: 20 Mar 2005
Posts: 63
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08-12-2005 18:26
Now it's back up to 3.61/1000. Hmm...
Sounds like a conspiracy to me |
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Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
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08-12-2005 18:28
It is back to 3.66 per KL... someone cashed out and flooded the market... down to 2.02... must be a new low for the L$
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Ricky Zamboni
Private citizen
Join date: 4 Jun 2004
Posts: 1,080
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08-12-2005 18:31
Now it's back up to 3.61/1000. Hmm... Sounds like a conspiracy to me I know that was tongue-in-cheek, but rather than being a conspiracy, this really shows the resilience of the market. Even with a series of big sales dropping the price to almost half its nominal value, it has bounced back to where it was within a matter of a few minutes. _____________________
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Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
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08-12-2005 18:37
Or maybe there was a reason it came back so soon... Someone was watching the market...
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Eboni Khan
Misanthrope
Join date: 17 Mar 2004
Posts: 2,133
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08-12-2005 18:37
Ricky,
I don't understand this new system. Why are you taking away the free market and forcing people to fill orders. Why can't people pick and choose the order they want to fill freely as they did in the past? I am really disappointed in the new system and have taken my business to IGE. _____________________
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Eboni Khan
Misanthrope
Join date: 17 Mar 2004
Posts: 2,133
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08-12-2005 18:38
Or maybe there was a reason it came back so soon... Someone was watching the market... Anyone with enough USD or Lindens can manipulate this market as they please. _____________________
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Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
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08-12-2005 18:40
Anyone with enough USD or Lindens can manipulate this market as they please. Yep _____________________
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Smiley Sneerwell
Registered User
Join date: 6 Jun 2005
Posts: 210
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08-12-2005 18:45
Someone just bought a string of orders to buy a unit or two of L$ to get that side down very low. That was interesting to see, but realistically, it is the big orders of L$ for sale that really indicates the current price.
However, there certainly is a sale on L$ at the moment, unless the price is really headed toward the $3 per unit point. |
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Trevor Matador
Quizno Creator
Join date: 20 Mar 2005
Posts: 63
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08-12-2005 18:51
Look at this...
Is THAT a conspiracy? |
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nimrod Yaffle
Cavemen are people too...
Join date: 15 Nov 2004
Posts: 3,146
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08-12-2005 18:52
You already posted that, stop spamming you photoshop whore!
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Trevor Matador
Quizno Creator
Join date: 20 Mar 2005
Posts: 63
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08-12-2005 18:55
I used Corel, thank you very much
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Hiro Queso
503less
Join date: 23 Feb 2005
Posts: 2,753
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08-12-2005 19:20
Dayam, seems I missed out big time!
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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08-12-2005 20:45
Yeah no kidding!
Still, Ricky, I'd watch that account if I were you, just in case. _____________________
Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds :
"User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches." |
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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08-12-2005 20:49
ONe possibility was that it was just one avatar selling to another ALT.
So they only gave up 3% to Ricky in order to dick with the market. _____________________
Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds :
"User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches." |