L$ rebound

Ok, there were constant OMG the sky is falling posts about the L$ falling, why has there been nothing about the fact that it has rebounded? It is back up to $3.80 and continues to go higher. Is it just an anomaly or the start of the value of the L$ going back to $4 and beyond?

OMG the sky is raising... Good thing LindeX doesn't have a short sell option yet

It's also worth noting that with ROAM Search and SLWebSearch two concepts that can have the rug pulled out from under them, there is no lack of innovation on the webside of things.

HAHAHA the sky is raising! I'll toast to that!

Wish there was more of a violent outburst about happy news.

Good lord.

I think the price was being pushed down by the fear big orders caused when they were placed on GOM. It was bound to come up sometime, but the question is how much lower will the high peaks be every time we see them. Will we ever see the $L bounce up and down around the US$4/$L1000 area?

*Pounces on you to save you from all the US$ about to fall on you when you sell those $L.*

omg! only 3.80 what happened to the start off at 4.0 its going to take forever to get rich off LL now.

/end sarcasm

why yes the above is a joke

It is suprising to see all the patience for a better price.

From the volume it looks to me like they have already passed GOM in unique buyers. I imagine that a large part of GOM's volume was from day traders, and LindeX doesnt work for them.

If that is the case, (that LindeX already has attracted more buyers than GOM did), it could explain the increased price. Imagine what will happen if they get a buy button highly visible in the interface...

It may also be that quite a few sellers are sitting on the fence as long as they can (like me), waiting to see how far this will go. After all, it is far more interesting to hold on to your L$ when the trend is sharply up.

I hope we see it back at US4$ per L$1K again soon. Time will tell.

I have no doubt LindeX willhave more buyers in the long run. The payment is tied directly to the LL credit card you have on file and people afraid of paypal, afraid of 3rd party sites, or who have never heard of GOM will now buy Lindens. Furthermore, people who are just testing the waters will feel more comfortable charging $10 on that credit card than making the commitment of signing up for GOM. There is consumer confidence and other psychology at play .

Look at the graph, it is still falling! I think people just like looking at a negitive sloped graph.

I fully expect that button soon enough.

Mar

I agree, this is a much needed feature. I hope LL can implement this real soon.

Yes, a Buy Lindens button at the bottom of the client would be nice.

They economy must be stabilized! We need less sinks!

I am quite happy to see the L$ creeping upwards. The demand side of the equasion has probably lifted us up, and additionally, there are probably more sellers sitting on the fence waiting to see what the L$ market will do.

On a side note, has anyone been able to receive USD $ from selling L$ through LindeX? I want to know if its truly possible, and not just possible "in theory".

Lets keep the L$ rally alive!!

*gets all violent and stuff*

coco

I agree with this. I still remain fearful that the fall will resume if large numbers of people start routinely selling their stipends, That would take a while to unfold, and if it does, I think the currency will trend downward. (Of course, I don't have access to good data on what the sinks are and what the money supply is, so I'm just applying my wild imagination, not calculated reasoning.)

Buster

Well I don't think the original receivers of the newly printed $L cashing out their stipend will be much different than the way things already are. People already pay content creators with their stipend causing the same effect as a non-content creator cahsing out the stipend. Just because the content creator got the $L second hand does not mean that the newly printed $L had no effect on the economy. Content creators getting more and more $L to sell can cause a fall in price just as fast as people just turning around and selling their stipend.

The promising thing I just noticed is people complaining that they bought their limit for the month of $L. Imagine the floodgates that will open when there is no limit put on buying after testing. The buyers are much more restricted than the sellers right now US$40/ month for new players and US$250 / day for older players. With the selling being limited at US$1000 / per day for older players. Sure new people can't sell, but how many new people have vast amounts of $L to sell in the first place. I think after testing, we'll see the demand climb even more.

That's true to a great extent.



Good observation. I don't know about flood gates, but I have seen people complaining about the buy limits, and I haven't seen a complaint about newbies not being able to sell. Merchants have report a positive effect as well.

There is an overall lift to the economy, as Phillip predicted.

Buster

Hey Satchmo, just wanted to point out that a debit card works as well as credit card, so folks like me who can't remember to pay their bills will get an extra bit of convenience from an in the interface button that charges a debit card - no effort to buy, no need to remember to pay a bill.

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Please oh god of supply and demand let the price rise much higher than the 4.30 I bought some at.

Well just think how much they could be makeing if they only took one cent off of each US dollar worth of currency sold, then also take one cent off each US bought. Wonder how much it would change the income of LL. Of course we have no idea what they are doing to run this. But it shall be intersting to see where the money falls on the whell within the next few days. Now if they could just link getting the money and paying the bill to them in all one huge lump it would be fun.

I bought a ton of Lindens at 3.36 and did a partial buy at 3.05 which was the all time low, watching all the panic. Just waiting for it to go up a little more. I have around L350000 for you all soon.

Actually, I believe it was stated that monthly island and monthly grid teir fees would be taken from your US$ balance, but I can't seem to find a quote from a Linden. Anyone know if this is just rumor or actual fact? Are there any other type of bills you can pay with your US$ balance?

Anything that you currently pay US$ to LL for will first be taken from your SL account balance, then anything still owing on your bill will be charged to your CC as before.

If we need money sinks contact me iam setting op a non-profit organisation for the people of Tibet donations go to www.freetibet.org

I place then a money sink on your place a donation box client what is connected with a donation box server and keep track of all clients in SL placed with a history so i can let see how much money comes in for www.freetibet.org.

And dont forget visit our beautiful monastery under construction.
Als you can find information in the infonet terminals about the,
Tibetan monastery Alcona,Tibet

This is not a money sink. You are taking the $L and selling it for USD, no $L ever leaves the system.