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Stop Selling Linden For L$295+/$1usd!!!
Lorelei Patel
was here
Join date: 22 Feb 2004
Posts: 1,940
04-11-2006 13:44
From: Chri5 Somme
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.


Congrats! You just passed your first econ lesson!

Oh, and about that thing you said to me earlier? Better people than you have said that to me today. Get in line! :rolleyes:
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Broadly offensive.
Lewis Nerd
Nerd by name and nature!
Join date: 9 Oct 2005
Posts: 3,431
04-11-2006 13:55
From: Chri5 Somme
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.


A few simple points:

a) Nobody made you buy the money.

b) Nobody made you sell the money.

c) Nobody made you sell the money now.

d) Nobody made you sell the money at a loss.

A fairly simple conclusion to all of the above is that it is your own fault, and that if you had just got the money because you needed it, rather than with the intent of making a profit, you wouldn't be out of pocket now.

Sorry... and the 'disguised profanities' does not help your case, by the way.

Lewis
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Siggy Romulus
DILLIGAF
Join date: 22 Sep 2003
Posts: 5,711
04-11-2006 14:08
From: Chri5 Somme
lol you make it sound like a common occurance... if you don't want to be bothered then don't read it.


What your posting is a common occurance - if you don't like what I type - don't reply.
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From: Jesse Linden
I, for one, am highly un-helped by this thread
Siggy Romulus
DILLIGAF
Join date: 22 Sep 2003
Posts: 5,711
04-11-2006 14:09
From: Chri5 Somme
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.


You just lost money - who's the 'n00b' again? I find that hysterical.
_____________________
The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals.

From: Jesse Linden
I, for one, am highly un-helped by this thread
Ordinal Malaprop
really very ordinary
Join date: 9 Sep 2005
Posts: 4,607
04-11-2006 14:13
Synchronised n00b-laughing begins... now!

hahaha
Argent Stonecutter
Emergency Mustelid
Join date: 20 Sep 2005
Posts: 20,263
04-11-2006 15:01
But there's avatars dying in africa.
ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
04-11-2006 19:26
From: Chri5 Somme
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.



Thats the market dear Chris... If you don't like it, put your
money where your mouth is and buy up the L$ to hold it at
a higher price. Don't curse others for trying to sell at any price
instead of holding out for more. How about all those still holding
out for L$250? When will their orders be executed? Will you buy
their L$?

"The Market", this is you and me and we determine the valuation
of L$. Not what you want it to be. The L$ had (NO) value other than
what "The Market" is willing to pay. So if an offer goes out to sell at
L$350 and the buyers jump over each other for that price, then you
know that block was undervalued and a boom to the buyer. If an
off goes out to sell at L$200 and there are no takers, then you know
the market rejects that price and refuses to appease the seller with
any buy offers.

Just as it is in real life, so it is in Second Life. Free Markets dictate
prices, not socialists who believe value is a static force. Accept the
fact, that Linden Dollar valuation is constantly changing and there
is no accepted value. Its value is whatever "The Market" decides.
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
04-11-2006 19:26
From: Argent Stonecutter
But there's avatars dying in africa.



Let them eat cake.
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Ricky Zamboni
Private citizen
Join date: 4 Jun 2004
Posts: 1,080
04-11-2006 21:18
http://www.careerbuilder.com/monk-e-mail/?mid=7100907
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