Limit buys
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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05-22-2006 14:07
From: Lewis Nerd The problem is that it's being deliberately manipulated towards a crash, so that a small group who hold a lot of money who want to get stipends removed are then able to control the market by releasing limited amounts of cash to people who need it having no other income - and push the rate nearer to 250 so they get more for their money, whilst the buyers are SOL and have no alternative.
This isn't a free market at all. Markets go up as well as down... and right now it's being forced down by a tiny percentage of self-serving individuals with nothing more than their own profit on their minds.
Lewis Now now, lets not spread panic and fear that markets are being manipulated . You sound like a Democrat who screams "price gouging" when gasoline prices rise. The value of L$ is the value the market is willing to pay. And who is the market? Its You. Its Me. Its thousands of other players... If you don't like what is going on, appeal to Linden Labs to stop flooding the market with money via stipends. People can't sell what they don't have, right? |
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Pix Paz
Away with the Pixies
Join date: 17 Oct 2005
Posts: 129
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05-22-2006 14:08
Is it the plan that it will be useful when we start to see where support lies and how support moves?
Spose the other thing it does, is makes me think about at what number I would become a buyer.
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Svar Beckersted
Registered User
Join date: 14 Apr 2006
Posts: 783
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05-22-2006 14:10
Just look at the LindeX now and you see what is happening.
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MartAnthony Varmint
Registered User
Join date: 26 Dec 2004
Posts: 75
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Open Buy Order Column
05-22-2006 14:10
We need a Column like the Open sell Order has...
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Pix Paz
Away with the Pixies
Join date: 17 Oct 2005
Posts: 129
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05-22-2006 14:12
With a few more buy orders you will not see the silly ones
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Mad Wombat
Six Stringz Owner
Join date: 21 Jan 2006
Posts: 373
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05-22-2006 14:13
From: MartAnthony Varmint We need a Column like the Open sell Order has... Scroll down to the bottom of the page. |
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Svar Beckersted
Registered User
Join date: 14 Apr 2006
Posts: 783
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05-22-2006 14:16
From: Pix Paz With a few more buy orders you will not see the silly ones Come on Pix we are just playing and the silly ones will never get executed anyway. |
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Kazanture Aleixandre
Here I am.
Join date: 5 Oct 2005
Posts: 524
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05-22-2006 14:18
I am  bought some L$ at 397/usd |
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Mad Wombat
Six Stringz Owner
Join date: 21 Jan 2006
Posts: 373
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05-22-2006 14:20
We should wait a few hours and see on what price level the buyers will position themselves on the market. This is really interesting.
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Svar Beckersted
Registered User
Join date: 14 Apr 2006
Posts: 783
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05-22-2006 14:21
From: Kazanture Aleixandre I am bought some L$ at 397/usd How did you do that? The lowest open buy order is L$348/1, you should have gotten that rate or this market isn't working right. |
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Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
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05-22-2006 14:22
O M G! WHAT WERE YOU THINKING when you put the buy orders UNDER the gigantic mountain of sell orders?! Could someone on the web team please move the buy orders TO THE LEFT of the gigantic mountain of sell orders so they are CLEARLY VISIBLE? PLEASE?! Thanks. |
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Kazanture Aleixandre
Here I am.
Join date: 5 Oct 2005
Posts: 524
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05-22-2006 14:23
From: Svar Beckersted How did you do that? The lowest open buy order is L$348/1, you should have gotten that rate or this market isn't working right. Market is working cool |
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Svar Beckersted
Registered User
Join date: 14 Apr 2006
Posts: 783
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05-22-2006 14:24
From: Kazanture Aleixandre Market is working cool Was that the lowest rate when you bought? |
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Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
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05-22-2006 14:25
From: Svar Beckersted Was that the lowest rate when you bought? The lower numbers are more recent. When it opened there was a brief window of time in which the price was in that area. |
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Svar Beckersted
Registered User
Join date: 14 Apr 2006
Posts: 783
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05-22-2006 14:29
From: Shaun Altman The lower numbers are more recent. When it opened there was a brief window of time in which the price was in that area. Where do you think the serious mony will settle? I see a lot at L$335/1. |
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Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
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05-22-2006 14:30
From: Svar Beckersted Where do you think the serious mony will settle? I see a lot at L$335/1. It will move about constantly. |
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Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
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05-22-2006 14:30
From: Svar Beckersted Where do you think the serious mony will settle? I see a lot at L$335/1. Interestingly, 335 is what you'd need right now to mke a teeny tiny profit. |
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Kazanture Aleixandre
Here I am.
Join date: 5 Oct 2005
Posts: 524
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05-22-2006 14:32
From: Shaun Altman Interestingly, 335 is what you'd need right now to mke a teeny tiny profit. yes |
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Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
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05-22-2006 14:33
From: Kazanture Aleixandre yes I'm disapointed in you for not being more greedy. Aparently it isn't possible to deposit USD, so limit buy orders are more or less completely off limits to normal L$ buyers. Why did nobody start a group to dictate the price at which we'd place orders? |
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Svar Beckersted
Registered User
Join date: 14 Apr 2006
Posts: 783
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05-22-2006 14:35
From: Shaun Altman Interestingly, 335 is what you'd need right now to mke a teeny tiny profit. You are right but for me with my limited assets I'm looking for a bigger spread and may not see them any time soon. |
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Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
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05-22-2006 14:37
From: Svar Beckersted You are right but for me with my limited assets I'm looking for a bigger spread and may not see them any time soon. Put the order where you want it. You may just be shocked by what you see. |
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Siggy Romulus
DILLIGAF
Join date: 22 Sep 2003
Posts: 5,711
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05-22-2006 14:39
Might just be me - but they appear to have borked the estimated proceeds for limited buys in the process.
I just had a look see and no matter what rate I put it, it spat back the exact same number for the estimate.
_____________________
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
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Lawrence Linden
Linden Lab Developer
Join date: 25 Jun 2005
Posts: 235
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05-22-2006 14:39
From: Shaun Altman I'm disapointed in you for not being more greedy. Aparently it isn't possible to deposit USD, so limit buy orders are more or less completely off limits to normal L$ buyers. Why did nobody start a group to dictate the price at which we'd place orders? *cough* https://secondlife.com/account/manage_balance.php *cough* Also, we are looking at ways of improving the content and formatting of the text and data on those pages. Cheers, Lawrence |
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Lawrence Linden
Linden Lab Developer
Join date: 25 Jun 2005
Posts: 235
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05-22-2006 14:41
From: Siggy Romulus Might just be me - but they appear to have borked the estimated proceeds for limited buys in the process.
I just had a look see and no matter what rate I put it, it spat back the exact same number for the estimate. Could you please give a concrete example of the values you're entering? I just tried various values and the values I chose all worked correctly. Cheers, Lawrence |
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Kazanture Aleixandre
Here I am.
Join date: 5 Oct 2005
Posts: 524
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05-22-2006 14:41
the thing is if you try to buy at 75000 / usd u can never buy if there are better rates like
350/usd.
For example if there is 75000L$ buy request at 350/usd, and 500000L$ at 75000/usd.
And if a resident tries to sell 75000L$ at a rate of 75000/usd;
the 350/usd guy will buy it.
the question is at what rate?
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