urgent matter, read asap.

yay for the idiots selling linden at a high amount again. please don't move this post, i want everyone to see it. No one reads the economy forum. If i get complaints saying "well people can't wait to pay land tier" or stupid shiat like that then stfu pls. If you sold for lower you'd get more money and you would have more money to pay more land tier later on.

STOP DEVALUING THE LINDEN DOLLAR!



Best buying rate: L$300 / US$1.00
Last trade: L$300 / US$1.00
Last close: L$301 / US$1.00
Change: -L$1 / US$1.00
Today's volume: L$3,066,879
Today's open: L$301 / US$1.00
Today's high: L$570 / US$1.00
Today's low: L$299 / US$1.00
Today's average: L$300.88 / US$1.00

The average shows to me that somebody trying to panic the market sold about $L300 extremely high, while everyone else ignored him.

The sky isn't falling.

moved to Land and Economy.



Yes ppl do.

I haven't seen anything to indicate conspiracy where LindEx is concerned. Might it just be the normal economics of currency exchange, based on which currency (dollars or lindens) which people prefer or value more?

Damn you and your 'logic' and 'rational thought'. We don't much care for that in these here forums.

Yay indeed! It means the buyers get better value for money! More game money for less real money means we'll spend a little more, which means all the sellers in game get more money as we have more to spend.

I look forward to the exchange rate increasing to L$350 or more!

Lewis

And really, you don't need a conspiracy - or a vast amount of $L to drive the market down.

Based on observing the market over the last few weeks, a million $L at a given sale level is all it takes to trigger the psychological leap by the next seller to price his sale one $L lower to get at the head of the line. The next few sellers match that price, then the cycle triggers again.

Where are all these economically clueless posters coming from?

There?

Really? I'm not an economist by trade, but I am a very experienced interpreter of statistics. The pattern of means + spread on Lindex is very peculiar - although without additional data it's hard to be entirely sure what's going on. If you look at any other exchange rate over a month or so, with daily highs and lows I strongly suspect you'll find the range more or less evenly spread around the mean rate, maybe not on every day, but on most. The UK£ to US$ generally shows this for example. L$ are not traded on quite a typical free market I guess, but the consistency of the spikes up above the main trading rate and the (general) consistency of the size of them strongly suggests that someone is deliberately selling short. We don't normally know how much is being sold short unless we happen to catch it, but whenever I've sold on LindeX I've sold at the best rate or the best rate +1 and sold within a couple of hours each time, usually within minutes in fact. That's fine, because I'm cashing out for paying my tier, so I want a fast sell. I also want a good price though.

Is there any reason for selling 10 points, or 200 points, off the rate other than pushing the market when selling at 1 point off gives you quick sales in my experience?

Eloise,

It's obvious you aren't an economist, since the Lindex doesn't have a spread, all buy orders are market orders, a spread can't exist.

I'm sure she meant intraday high-low spread rather than an ask-offer spread.

Until the sellers price all their items higher to compensate and shift the whole pricing scheme upwards. Nasty circle you create.

I meant what I assume is the range of selling points, but since it's not clearly defined as such anywhere that I can see I balked at using the correct technical term. Sorry I used one that is a technical term for day trading.

Not nessesarily. I've felt no need to raise my prices and I really don't think I'll need to consider it unless we have a real, full-on, 15% drop in a day sort of market change.

"Landlords" may have to, as thier L$ values are more closely connected to Lindex market conditions, but I'm not sure the imact that would have on the economy.

One of the factors oft overlooked in this particular economy as it related to the LindeX is interest.

No, not the banking sort.

The only thing driving most SLers to buy from LindeX is interest in spending the L$ on things in-world. It's not an investment, it's not playing the market, it's a luxury expense.

I belive LL made a few major mistakes along those lines that we're paying for now. Event funding being the major one. Now we have a "tradition" of folks expecting thier entertainment to pay them for being there, or at least a hope of it in the form of prizes. Camping chiars and thier ilk being only the most recent iteration of that "tradition".

This means there's far less interest in purchasing L$ for anything. Camping and prize hunting are seen as a matter of basic income in a game where L$ are points instead of the L$ being seen as a micro-paymnet system similar to the tokens of a video-game arcade.

It is my belief that the summer season in the northern hemisphere attracting folks to outside fun combined with people simply getting bored with SL fare and wandering off to find more interesting things to do are the major drivers behind this market "depression".

Reducing the monitary pool wil help a bit, yes. More patience when selling would help a bit too. Neither will fix the problem becasue they don't address the problem. The market that needs work is the one where folks pay for thier entertainment in SL, it's not the LindeX.

Best buying rate: L$300 / US$1.00
Last trade: L$300 / US$1.00
Last close: L$301 / US$1.00
Change: -L$1 / US$1.00
Today's volume: L$3,066,879
Today's open: L$301 / US$1.00
Today's high: L$570 / US$1.00
Today's low: L$299 / US$1.00
Today's average: L$300.88 / US$1.00

no no no you got it all wrong, by the end of the day it looked more like this


Daily Summary:
Best buying rate: L$300 / US$1.00
Last trade: L$300 / US$1.00
Last close: L$301 / US$1.00
Change: -L$1 / US$1.00
Today's volume: L$8,496,015
Today's open: L$301 / US$1.00
Today's high: L$900 / US$1.00 <------- Thats right, 900$L again
Today's low: L$299 / US$1.00
Today's average: L$300.52 / US$1.00

I dont get why anyone would sell at this rate. makes absolutely no sense, the only sense i can see of it, is, to purposly distrupt the averages and further incite economical worries some may have.

I certainly could use some at 900$L per 1.00. Take them and sell them at current market price and make a profit.

Explain to me this:

If I always kept punching that "buy Lindens" button all the time I'm on, I might sometimes see $900 Lindens for a dollar?

And I could buy them then, at that price?

coco

Yes if you can actually catch it before its gone.

Yep but it only shows what the rate was, not how many lindens were sold at the price. For all we know it could have been 1 linden (unless there's a minimum sell amount, I'm not sure).

Yes.

Everybody!
Look closely again at the stats - I think you might find something interesting.

Not...

The lindens can drop all they want. I don't cash out. I don't care how many lindens it costs to cash out one US $

All right, now - if I click on it and I don't "catch it," as you say, will I automatically be charged whatever the next one up is?

coco