Stop Selling Linden For L$295+/$1usd!!!

why do people continuously feel the need to ruin second life by using such a high exchange rate! STOP SELLING SUCH A HIGH AMOUNT OF LINDEN PER $1USD!

When I see things like "Today's high: L$350 / US$1.00 " and last month it used to sell at around L$277/$1USD i start to worry. Just f#*kin be patient and sell at reasonable rates. Because you want to cut the queue line to sell your linden's faster than other people, you are ruining the worth of ingame currency. To anyone who cuts the queue, please just be patient and stop f#U|(ing around with the market.

They have to cut the queue - because their tier bill for the month is about to come due.

Sellers have a deadline, buyers don't; I think that's a major cause for the varying value.

Hello! They won't. This is part of the process of the L$ reaching a market value. Costs are cut to the bone so that only the big L$ earners can realistically sell money, they'll go further than that for a bit into a non-profit situation, then they'll bounce back a little to a rate where those who have hundreds of thousands to dump on the market daily will be able to do so through economies of scale, but smaller sellers won't.

lol? Sell it a few days ahead then? lol that's such a retarded excuse lol. I mean here we have a thing called "time management". Manage your time in a way that you can sell ahead of time so you don't have to meet a last second deadline.

a month ago or so the average was $277L/$1USD per day. How is anyone going to make moeny if we get fuc|(nuts messing it up and getting greedy. If i sell 100K of linden @ 277 then i can get US$348.37 but now i can only get US$321.66 for that. I can see in another month the market will be at like 350L/1USD so i'll only be able to get US$275.71.

Generally speaking, no one has to conduct business in a manner that makes you happy, if you are not party to the transaction.

Quit whining

Quit posting in the wrong forum - Land and the Economy is the place for such issues - so people who care about it can read and those who don't don't have to be bothered.

lol you make it sound like a common occurance... if you don't want to be bothered then don't read it.

Chri5, I don't think you understand how markets work. The whole point is that different people place a different value on the L$. Think people are selling too cheaply? Why don't *you* buy whatever you feel is undervalued and resell it when the price rises to what you think it should be?

But, no. You don't want to do *that*. Your post leads me to ask why you want to cheat those purchasing L$ by trying to get people to collude to sell overvalued currency.

So, Chri5, why do you want to cheat those who want to purchase L$ by getting sellers to collude to sell overvalued currency?

Edited to say: This topic has been discussed to death in the Land & Economy forum. Let's get some Resmod action over here!

fu(|( you, try selling linden then. If you want to lose money then ok sure let the market go to shiat.... then we'll end up like mexico or a third world country. Keep second life first world and don't let the market go to shiat1

It's called inflation dear.



Sounds like we're 2 for 3. Until then....slide slide slippity slide...

Great point, Yumi. This is particularly true for land resellers, thus the correlation between fluctuation in the Linden and sims at auction. It's bad enough to meet normal teir, but for land resellers, they often must meet several sims' worth of teir.

it would be pointless to buy and resell when linden charges 3.5%. Lost profit n00b

You're the corner store owner who voted for the Big Business Party and is now getting shafted by Walmart.

(Okay, in that analogy there's no alternative to voting for the Big Business Party, I admit that.)

Seriously, dude, you really don't know what you're talking about. Read through the *many* threads in Land & Economy in which people propose the same bonehead thing you did and learn from them.

Wow. We've got a winner, here.

Maybe they'll be able to help you over here:

http://teens.secondlife.com


As to everyone else: Don't be so hard on the lad. It'll all make more sense to him once he takes his first economics class when he gets to high school.

I am honestly starting to think some people are losing sleep over the value of $L

It might be helpful to point out at this juncture that the person you just called a "n00b" is in fact the proprietor of SL's first currency exchange.

Good luck with that credibility thing, though.

You got to take Economics in high school? I had to take Home Economics instead. I learn to sew and cook a meatloaf!

I just find it a bit annoying when I have to explain really basic principles of how the market operates - and I'm a fucking communist.

I mean, if you're going to play the game, at least understand how the game works.

Err, yes, that's why there IS a "Land and Economy" forum. Because threads like this are so common.

No offence, but not everyone has a steady flow of income where they can dump L$ by a certain date and there is no universal deadline to charge the masses their tier/monthly fee. While setting up a date, say first friday of the month every premium account will get billed may stablize things.. people will start b!tching about the LindeX having a 1 week of the month where the market dips because people aren't buying at the rate they want people to buy at and instead buyers will wait till the billing cycle to come in order to buy L$ mad cheap from desperate people who need to pay their bill asap.

alright n00bies, i buy L$10k of linden at 301L per 1USD, now i sell it for 297L per 1 USD.

I just spend 33.23USD on buying the linden and now am selling it to get about $32.49 now. Lost profit because linden charges 3.5%. If the market dropped a bit then i would be able to make profit because i would be out of the 3.5% margin but that will never happen.

moved to Land and Economy.