Impatient morons!

I have been watching the exchange rate creep gradually from L$330 down to L$327, rejoicing...then two impatient morons post at L$328 and L$329!

If you two are out there...IF YOU WANT A FAST SELL, POST AT L$347 SO THE OPEN BUY ORDERS TAKES THEM! THAT'S WHAT THEY ARE THERE FOR!

Morons!

Musuko.

Wait, you're happy the L$ value went up but you're mad at residents who are selling to benefit from that very occurrence?

I'm mad at the people who, upon seeing the value of the Linden start to recover, decide it's a great idea to sell at the lower rates, preventing that recovery.

Musuko.

They're not preventing anything. Value of L$ always rises on Saturday night.

Shhh...you'll be showing how false the morons are when they blame the stipend again.

I was so excited to read this post and see that the L$ had climed sharply in value to 227! But then I checked the LindeX and saw that it was actually 327. So, no need to get excited and run off to check LindeX as I did. All is normal.

Why would they want to sell their money at L$347 when they can sell it at L$229?

If everybody held onto their money until the rate returned to L$250, then started to sell it again. It would just return back to L$330 again after a few days.


All we need is lurve...

"I was so excited to read this post and see that the L$ had climed sharply in value to 227!"

Typo! Sorry about that.

"They're not preventing anything. Value of L$ always rises on Saturday night."

Constantly undercutting for a quick sale prevents that rise.

"If everybody held onto their money until the rate returned to L$250, then started to sell it again. It would just return back to L$330 again after a few days."

Not if demand matched supply. And, with people not getting so much money for free off of stipend and having to buy it instead, hopefully demand will start to match supply.

Musuko.

327 heck it hit 325 then some person dumped 900k at 326

Great. Now some moron's dumped a million Lindens at 327. This isn't for a quick sell...they could set higher and have the open buy orders take it for an instant sell. No...this is sabotage. Grr.

Musuko.

I'll be happy to hold onto my money until the rate hits 250 and my turn in line comes if you'd like me to. All I ask in exchange is that you pay my tier in the mean time.

well they -could- cut all basic stipends and then noone would get free money form stipends

Sabotage?? Get real. There are always going to be people the dump +1L over the current price. The market will then absorb the money, move on, and reward those that placed it at the current levels.

On a side note, notice how the mere thought of less money being put in the market seems to have helped the market quite a bit? Maybe all the panicked selling is over. I guess we need to wait and see.

"The market will then absorb the money, move on, and reward those that placed it at the current levels."

If the supply continues to outweigh the demand, the money will never get absorbed; if X is being bought each day, and 2X is being sold, the rate won't recover.

"On a side note, notice how the mere thought of less money being put in the market seems to have helped the market quite a bit?"

The drop has stalled and leveled out. Let's hope this continues and improves.

Musuko.

If supply outweighs demand, then of course it will drop. It will always drop until supply = demand. That is economics of a free market 101.

I saw a -2L change in the price yesterday, and I see a -2L change today. I hope that tomorrow brings another -2L drop. Will it? I don't know. 1ML$ to burn through is really not that much when you have over 12ML$ traded daily.

That was an amount at 316 for the past week that was moved to 327. Still to much of an amount to sell, will be constantly undercut and sit for another week.

And back up to L$331 it goes, with another million roadblock slotted neatly in place. Joy.

Musuko.

This makes me so sad, I must cry... :*(

Impatient Morons, how about stupid because anytime they move 1 million higher it never sells!!!! Everything else in amounts 500K or less does and thats why it strenthened yesterday.

"Impatient Morons, how about stupid because anytime they move 1 million higher it never sells!!!!"

Exactly. If they wanted to sell fast they should sell at a rate that'll be snapped up by the open buy orders. That's what they're there for.

Although, there is, of course, the very real possibility that anything bought with those buy orders will simply end up back in the sell orders.

Musuko.

Musuko, I've been the watching the LindeX for quite some time now and if I look at the numbers, supply does not outweigh the demand. Yes, there is more money in the LindeX than is sold in one day. If noone would undercut it would take approximately 2.8 days to fill all open sell orders. These 2.5 days are the average for the time from May 20th to May 27th. This time will grow when the supply to the LindeX is bigger than the demand, it will remain stable when demand = supply and it will get smaller if the demand outweighs supply.

For yesterday (May 27th) this number was 2.4 and there was a peak of 3.4 on May 21st. This drop indicates, that at the moment demand outweighs supply.





Do they really want to sell or just push the exchange rate? So how about manipulating?

For example: At 12 pm there were two sell orders (L$ 1,062,069) at 327 undercutting a sell order of L$100,000. Placing these sell orders at 327 instead of 326 means US$ 10.62 less while you win 15 minutes it would take to sell the 100,000 (given a daily volume of L$ 10,000,000).

Have you considered the fact that some of us acctually WANT the linden to drop?

"Have you considered the fact that some of us acctually WANT the linden to drop?"

Why on earth would you want that? Because buying Lindens would be cheaper? But the profits of the land barons and content creators will be hit, so they'll have to increase their prices to match the shortfall, and you'll be no better off.

So why would you want this?

Musuko.

Step 1. Linden declines
Step 2. ?????
Step 3. Profit

Answer: (see step 2.)

To my surprise the amount at 329 which was over 1 million has actually been cut in half. Just wait until Tuesday when a lot of sellers will post there 3 day weekend gains. Yikes!! I hope not. I'm not screaming chicken little either, I'm hoping that doesn't happen.