Second Life Forums Archive - Why is it we never see a small buy order

MartAnthony Varmint

Registered User

Join date: 26 Dec 2004

Posts: 75

05-24-2006 08:12

Why is it we never see a small buy order say for 5000 L's or less. Could it be most that buy L's don't even know there is a Advanced section in Lindex or they just buy all there L's in game and pay what ever it is at the time?

Maybe LL need to let everyone know how to place orders. I bet over 1/2 of the ppls in the game have no idea how or that they even can place buy orders.

And just who is it that is placing the buy orders we see now cuase they all seem to be in the hurdeds of thousands of L's which is hundreds of USA dallors. I bet most in SL that buy L's spend like 10 USA dallors at a time.

Babu Babeli

Registered User

Join date: 5 Apr 2006

Posts: 7

05-24-2006 08:46

Maybe both options be available in Basic mode so people could see that, and also put the limit order one on top. Most people may not know how it works and would just put in amount in the first empty space they see and press the first button that appears after it.

Jon Rolland

Registered User

Join date: 3 Oct 2005

Posts: 705

05-24-2006 08:48

Because people buying "small" amounts are buying for a purchase NOW. A small order is ineffiecent($0.30US fee). If someone was planning ahead they could place a limit buy order for what they want, but if they were planning ahead they wouldn't place a small one.

Yumi Murakami

DoIt!AttachTheEarOfACat!

Join date: 27 Sep 2005

Posts: 6,860

05-24-2006 08:57

Because you can only place a limit buy order if you have US$ credit with LL, and usually the only people who have that are people who've previously cashed out and are buffering money for tier, to whom small amounts of L$ are meaningless.

Bloop Cork

This space for sale.

Join date: 27 Apr 2006

Posts: 277

05-24-2006 09:06

MartAnthony:

Another reason is that many (if not most) of the current buyers are currency traders. As such, they buy large lots and then hope to sell them at a lower Linden price to make a profit. Experienced traders can make money no matter were the price of the Linden sits.

They are trying to become what is know as Market Makers.

Read this thread to learn more (especially post #1

:

/130/4b/107964/1.html

Give it some time, though. The Lindex just instituted limit buys this week. Over time, more regular buyers should enter the market (we hope) and there will be smaller buy lots requested.

Svar Beckersted

Registered User

Join date: 14 Apr 2006

Posts: 783

05-25-2006 00:57

I watch the Lindex a lot and have seen many market buys of L$1000, a few of L$500 and even one of L$150.

Fade Languish

I just build stuff...

Join date: 20 Oct 2005

Posts: 1,760

05-25-2006 01:31

From: Svar Beckersted

I watch the Lindex a lot and have seen many market buys of L$1000, a few of L$500 and even one of L$150.

Even for small buyers this could be good. If you're prepared to plan ahead a bit, why not not use a limit buy? You might get a good deal.

_____________________

Why is it we never see a small buy order
MartAnthony Varmint Registered User Join date: 26 Dec 2004 Posts: 75	05-24-2006 08:12 Why is it we never see a small buy order say for 5000 L's or less. Could it be most that buy L's don't even know there is a Advanced section in Lindex or they just buy all there L's in game and pay what ever it is at the time? Maybe LL need to let everyone know how to place orders. I bet over 1/2 of the ppls in the game have no idea how or that they even can place buy orders. And just who is it that is placing the buy orders we see now cuase they all seem to be in the hurdeds of thousands of L's which is hundreds of USA dallors. I bet most in SL that buy L's spend like 10 USA dallors at a time.
Babu Babeli Registered User Join date: 5 Apr 2006 Posts: 7	05-24-2006 08:46 Maybe both options be available in Basic mode so people could see that, and also put the limit order one on top. Most people may not know how it works and would just put in amount in the first empty space they see and press the first button that appears after it.
Jon Rolland Registered User Join date: 3 Oct 2005 Posts: 705	05-24-2006 08:48 Because people buying "small" amounts are buying for a purchase NOW. A small order is ineffiecent($0.30US fee). If someone was planning ahead they could place a limit buy order for what they want, but if they were planning ahead they wouldn't place a small one.
Yumi Murakami DoIt!AttachTheEarOfACat! Join date: 27 Sep 2005 Posts: 6,860	05-24-2006 08:57 Because you can only place a limit buy order if you have US$ credit with LL, and usually the only people who have that are people who've previously cashed out and are buffering money for tier, to whom small amounts of L$ are meaningless.
Bloop Cork This space for sale. Join date: 27 Apr 2006 Posts: 277	05-24-2006 09:06 MartAnthony: Another reason is that many (if not most) of the current buyers are currency traders. As such, they buy large lots and then hope to sell them at a lower Linden price to make a profit. Experienced traders can make money no matter were the price of the Linden sits. They are trying to become what is know as Market Makers. Read this thread to learn more (especially post #1: /130/4b/107964/1.html Give it some time, though. The Lindex just instituted limit buys this week. Over time, more regular buyers should enter the market (we hope) and there will be smaller buy lots requested.
Svar Beckersted Registered User Join date: 14 Apr 2006 Posts: 783	05-25-2006 00:57 I watch the Lindex a lot and have seen many market buys of L$1000, a few of L$500 and even one of L$150.
Fade Languish I just build stuff... Join date: 20 Oct 2005 Posts: 1,760	05-25-2006 01:31 From: Svar Beckersted I watch the Lindex a lot and have seen many market buys of L$1000, a few of L$500 and even one of L$150. Even for small buyers this could be good. If you're prepared to plan ahead a bit, why not not use a limit buy? You might get a good deal. _____________________

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Why is it we never see a small buy order