L$ falling like a BRICK!! L$313 / $1 USD

Volume just past 10 million and the rate is 307 to 1 good job everyone.

fun is over snif back to buying stocks on Metaverse stock exchange *shameless plug* ya know u love me shaun

That'll teach me to hold out 'till Saturdays!

L$305.86 just observed.

The value is falling You get less L$ for the $ now.

Lewis

I wonder how some people feel now that they sold at 315 or 320 and listened to "who I don't really need to name" in this forum.

Like suckers, no doubt.

Welcome to the exchange!

Ohh mcgeeb Gupte, if I said it once, I said a million times.
When will people learn? This isn't rocket science, its common sense.


Dead Cat Bounce

You told me it wouldn't go back down to 305. I never said it couldn't go back to 310 or higher again I do know what I'm doing and did sell at 304 today before it goes back up so now go away.

They will feel great once the L$ hits 360+.

There is no reason for it to NOT keep falling.

None whatsoever.

Sure there is. But, I'm pretty confident that you know that already.

It's a cycle on weekends it gains during the week it drops, why b/c ppl have more free time on the weekend to spend and buy...check the last 4 mo.

- Fin -

Wait till LL unloads their 500+ billion L$...heh 500 could be possible.

No, there is not.

See you @ 360+.

I will bet you L$1 that we don't see a sustained rate of 360+ any time this year.

L$361 is the target. Because at L$361, Stipends from Premium
accounts break even.

Cost: US$72.00/yr
Stipends: L$26,000/yr

--
Block of L$1000 = US$2.769 - Exchange Rate: L$361.11

The things you say that are true, are painfully obvious to anyone who follows the market... We all get why 361 is a magic rate and why the market might trend towards it over time. Whether it will actually get there depends on a heck of a lot of factors besides the cost of an annual membership.

Exchange hits 361 to 1 oh but wait, someone doesn't want to wait to sell their order and posts at 362 to 1. The exchange is messed up and the value is determined by impatient sellers.

No Mcgeeb, you failed Economics 101. Value is not determined by
"Impatient Sellers". A seller can sell their supply of money for any
price they want. If the price is below the market, it will get snatched up,
if it is above the market, it may never sell.

If I said I'll sell you L$1,000,000 Linden Dollars at the rate of L$500, you
would gobble them up, because you know the market is currently willing
to pay L$315. I might be selling below market value to expedite a sale,
but its to my own loss... No different than if somebody put a 10,000 sqft
home on the market for US$100,000. Assuming it isn't next to a toxic
waste dump or something, people would grab that baby up in 3/seconds
knowing its far below market value. They would take it, resell it for market
prices, and net the profit.

Don't blame the drop in the linden dollar on Sellers. You need to place blame
on Linden Labs for having a policy which feeds the selling of the L$ against
the US$. A policy which has caused the Linden Dollar to decline for the
last 2/years running. Come Aug/Sept, it will be 3/years...

They have to blame it on someone! Soon the stipends will be gone as well and there will be only the people that cause the drop to be left!

Getting rid of the stipends will do nothing toward the falling value of the Linden. Which I should point out again is not even a real currency.

I see that Chicken Little is already running around like a lot of residents without his head attached.

The price of any free market is determined by sellers AND buyers. It's a free market because people are free to do what they want. If you don't like the way a free market works, you have the freedom to not participate in it.

Now, you may not like the exchange price that some people are buying and selling the Linden for, but it is not appropriate to blame the sellers or buyers. Each participant in an economy has different needs and motivations.

Arguing over what the exchange rate for the Linden should be is an exercise in futility. It should not be anything in particular. You may want the Linden to be at a particular rate or range because it is more favorable to you. Sellers want it lower, buyers want it higher. The rate will always rise and fall depending on the balance between buy-side players and sell-side players. It works that way in RW economies too.

Economies are terribly difficult entities to understand--especially an emerging economy like we have in SL. It is not perfect and never will be. It is no different in RL.

The real focus should be on the means and mechanisms for setting economic policies and how those policies can be implemented to enable the market to be as free and impartial as possible.

Well said, Bloop..

The issue as I see it is that there is far more money flooding into the economy as stipends than is being taken out. As long as this continues you're going to have high inflation.

I understand that not everyone has, or is interested in having, an Sl business to generate $L, but we're in a situation where the central bank is printing money and devaluing their own currency. Would not cutting back the weekly allowance help resolve some of this? Conversely, we could simply maintain the status quo and have the merchants start raising prices to take these inflationary trends into consideration.

I think that the one issue contributing to the rapid inflationary pressures we're seeing in-game is the is the rapid increase in the number of "registered" users while the number of active users has remained contant. When I first joined Sl there were ~60,000 users and ~5,000 users online at any time. Currently the number of registered users has more than quadrupled, yet the number of active users loged in at any time has remained contant. I'd be interested in seeing in the economic stats what the numbers would be if only "active" users were taken into account rather than the "total" number of users.

It might be wise for LL to reign back a little on their grid growth and allow the resident population to catch up with all the building going on.

Anyway, that's just my 2 cents worth

Don't let Jonas hear you say that, he'll reply that he "Paid" for
his stipends and is entitled to them...

I've been harping your point forever, but these folks just
can't get it through their heads the idea of Money Supply Inflation.