L$ 334 / $1 USD.... 10:41 AM PST -5 from Opening Bell

I learned my lesson in London. Take the Express Train from Heathrow
to Paddington for half the price of a Taxi Ride.

I am no financial expert...but it is clear to me the market is being manipulated. When in doubt follow the money. Who stands to benefit most from a falling $L?

This is not "panic buying/selling" Its deliberate leapfrogging perpetuated by sums as low as $L20K. If you want proof, watch and see if it isnt at $L350 in the next few days. Its simple.

You can dismiss this as folly, but no other market that has ever traded in $L has ever seen such fluxuations. Not in the past 3 years. Its not inflation, its not a glut of real estate or lack of sinks. These sectors would take weeks of ebb and flow, to have any significant impact on valuation.

Under any economic model I have ever been involved with in rl (Investments, CD's, Money Markets) I would have my rl portfolio manager up on charges if this were a secured market (which it is supposed to be).

I reiterate, I am no expert...but I am no idiot either.

Wake up people. Wake up Linden Labs.

Have you actually traded on this market yet? From my past three days, I learned that the sporadic $20k to $30k that show up to "leapfrog" other people are TINY compared to the numbers that move daily. Usually I (and I'm sure other traders here) don't even really care about them, since a $30k amount above you dissapears in 30 minutes or less. If someone puts that above me, I completely ignore it. Heck, the market went all the way up to $338 today for a while with the leapfrogging, but since they were all no more than about $50k to $60k, it was all gone within two to three hours, and now we're back to $331. Only major "bumps" on the trade are people putting up $1.5mil to $2mil, which definitely causes the market to lock at that rate for a long time. I seriously doubt that's manipulation though. Either the seller is just wanting too much too fast, or is inexperienced. Heck, today's $2,100,000 that was lumped up on the low $330's lever was either all bought out, or was partially bought out and removed. Hopefully with time, we will have more investors/traders willing to buy other people's $L, which will make the Buy Orer rates more reasonable, and those $20k to $30k will simply shift to those. Then again, since they dissapear so quickly, there's probably no point.

At least the L$ still has some value.

More than I can say regarding most forum posts about the L$.

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No wait... let's start yet ANOTHER thread on the exact same topic.

What happen to your predictions of L$250, L$270, L$300, etc?????
Did the ole RBD Master show you up Jopsy? Hahahahahaha
What can I say but, "I Told You So"...

Hey now, air is free, albeit not always healthy depending on where you live, but always free! (unless of course you go to an oxygen bar, then ya pay for it)

Unless you are underwater....

Must be a diver.

Or live anywhere near a city or an industreal zone where you have to pay taxes so that the government can keep factories from taking it away from you by poluting it all.

oops, forgot about that one...oh and if you're in space too...heh

You're a raving loonie RBD, and have once again mistaken me for someone else.

Time to up your voltage or adjust your meds or something.

Let me explain this.

The artistic expression and creativity is the economy. People come to be artistic and creative and see other's creations. Avatars do not eat, drink, get cold, need transportation, et. The only reason to log in and support the world is the artistic expression and creativity.

SL follows the same vein that Vegas does. Before casinos, it was little more than a stop for GI's on the way to the coast. Vegas doesn't have ports, it isn't a natural hub of commerce like NYC, Chicago, San Francisco, et It doesn't have a university like Harvard or Princeton. It doesn't have the history of Rome or Paris or Cairo. It doesn't have religious significance like Jerusalem or Mecca. The only thing that Vegas has, it's lifeblood, is gambling. As I explained earlier, the casinos make it very cheap and easy to make Vegas a vacation destination.


And SL's lifeblood is content creation and vending it. Why, as a content provider, do you want to take away the freebies which will lure people into SL and to your vendor?

In other words, all this will bite us on the ass. Plenty of armchair economists, but they know f*** all about marketing.

Yeah, I don't scuba dive. And if the cost of scuba diving tanks rose too high, many more people would take up snorkling instead.

Let's just say that I didn't stay at a cheap hotel. But you do have to buy your own drinks at the bar. When you are gambling though, even at nickel slots, they'll bring it right to you. You just have to hold up the hand that isn't pulling the (completely unnecessary) lever.

Yeah, and how much would Penn and Teller be if they were playing anywhere else? You can drop more than that to see an off Broadway show with second rate players in NYC. You'd be paying as much in the midwest for third rate players (they know they have you by the short and curlies). And how many people did that $100 cover? More than one, you got a real bargain.

You weren't staying at a hotel/casino if you paid that much. Remember the buffet line is not far from the casino floor and it seems that every damn door in the place is next to slot machines. The idea is that if you pass slot machines enough you will start dropping tokens in.

Ohh, and I forgot something. They'll let you "steal" the branded stuff in your room too. So you can bring advertisment home for them. Cheaper than a TV commercial. Even if everyone takes theirs, it would still be cheaper.

Boy howdy is that true.

wow, I think the question should better be asked, have you noticed who the sex toy manufacturers in Second Life are, yet?

Yeah, I'm guessing one of the largest seller of sex anims and modelled genitals probably has done a few trades on the exchange, and probably uses the money to pay for his shops in Eros and Amsterdam.

Go inworld sometime.

Hey, don't blame me, I was against cutting the $50l freebie.

I was asking that pecause the person I was asking was making some rather broad and uninformed guesses about what they believed the market was doing. Things I have not noticed at all myself while actively trading.