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Delzo Delacroix
The Avatarian
Join date: 2 May 2006
Posts: 80
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06-03-2006 12:01
Hop on over to the Lindex and notice the levelling off of the $L price that started around May 25. When was it that LL implemented the Limit Buys again? Oh yeah, May 22. The reason this works is because the outbidding works in both directions. The only thing that surprises me is the size of the gap between the Limit Buys and Limit Sells price. I expected it to be much closer. I was wondering why we haven't heard many doom and gloom posts lately. Now that I've looked into the reasons I understand...there's nothing left to complain about. Of course, I'm sure someone will think of something  |
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Duke Scarborough
Degenerate Gambler
Join date: 30 Apr 2006
Posts: 158
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Well.....
06-03-2006 12:22
1. It's still mm'ing up...but it has slowed a bit.
2. The large difference is due to the double-sided fees. Each buy/sell carries with it a fee of .30US and 3.5% of the L$ value.
So, 999L being sold at 333L/1US has fees of .30 + 3.5% (a total of 13.5% in fees)
The larger transactions don't suffer at much... (9990L being sold has 4.5% in fees)
So a gap of 10-15% would be normal for a small purchase normal market such as the Lindex
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