Second Life Forums Archive - L$ Dropping vs. USD $

Jamie Bergman

SL's Largest Distributor

Join date: 17 Feb 2005

Posts: 1,752

11-30-2005 11:12

As I predicted earlier in my thread (/130/25/73669/1.html) that recommended selling the L$ in the short term, the L$ has proceeded to drop against the USD and is now selling at L$265 / $1.00 USD. Technical indicators point to a continued drop so I would advise all to cash out their Lindens and sit on the sidelines until support can be found on the buying side.

This has been a public service message of Jamie Bergman, SL's top economic mind.

Maylin Murakami

MeatMogul

Join date: 24 Sep 2005

Posts: 179

hi

11-30-2005 11:28

lalala

Logan Bauer

Inept Adept

Join date: 13 Jun 2004

Posts: 2,237

11-30-2005 11:41

Anyone want to buy a useless thread or gratuitiously over-exposed blog? I'm selling links for $500 a pop, IM me now, because I'm teh eCONomical!!!!1

_____________________

PICS -

BLOG - http://arcticgreenhouse.blogspot.com/
XSTREET -

INWORLD -http://slurl.com/secondlife/Alternate Reality/144/138/54/

Taco Rubio

also quite creepy

Join date: 15 Feb 2004

Posts: 3,349

11-30-2005 11:46

From: Jamie Bergman

Technical indicators point to a continued drop.

From: Jamie Bergman

For reasons unknown to me, the L$ has been falling from its nice little perch of L$250 = $1.00 USD.

how did "i have no idea why this is happening" become a technical indicator?

I think maybe i misread your title, your mind certainly does seem to run on an economy.

_____________________

From: Torley Linden

We can't be clear enough, ever, in our communication.

Kevn Klein

God is Love!

Join date: 5 Nov 2004

Posts: 3,422

11-30-2005 11:52

If everyone sells their $L and waits, wouldn't that lower the value even further?

That would only be good from an investor's perspective, in that the investor could buy up the surplus $L at a huge discount, then sell it back after the fear level drops, and prices for $L increases.

Jamie Bergman

SL's Largest Distributor

Join date: 17 Feb 2005

Posts: 1,752

11-30-2005 11:54

From: Kevn Klein

If everyone sells their $L and waits, wouldn't that lower the value even further?

That would only be good from an investor's perspective, in that the investor could buy up the surplus $L at a huge discount, then sell it back after the fear level drops, and prices for $L increases.

Yes and No. In general, the trend is your friend. When value begins to slide, it tends to build on itself. To hedge against this, you can to cash out and wait until support has been re-established on either the buy or sell side.

This way, you're protected against a precipitous drop - and will have the flexibility to go long when/if the trend reverses.

Dark Korvin

Player in the RL game

Join date: 13 Jun 2005

Posts: 769

11-30-2005 11:58

The problem with selling to save money on the $L market, is that the change has to be greater than it did on GOM before you make your money back re-buying the $L. In my mind, the time to sell has passed. The time to buy is coming later. Hopefully limit orders on the buy side will be done by soon, and we can get cheaper $L than all the impatient people. Money goes to those with patience.

Jamie Bergman

SL's Largest Distributor

Join date: 17 Feb 2005

Posts: 1,752

11-30-2005 12:07

From: Dark Korvin

The problem with selling to save money on the $L market, is that the change has to be greater than it did on GOM before you make your money back re-buying the $L. In my mind, the time to sell has passed. The time to buy is coming later. Hopefully limit orders on the buy side will be done by soon, and we can get cheaper $L than all the impatient people. Money goes to those with patience.

Yes, that is why you should have sold when I originally said to.

Kyran Nyak

Certified lunatic

Join date: 4 Jan 2005

Posts: 24

11-30-2005 12:16

not something new really... L$ has been dropping since gom, Lindex cranked it up again, and ppl are falling back to the old price again. bound to happen tho coz ppl want to sell their lindens fast and so go lower and lower. sad but true. yet not something new. nice conclusion sl's top economic mind

DogSpot Boxer

vortex thruster

Join date: 23 Aug 2005

Posts: 671

11-30-2005 12:29

Must be those SL commies and socialists at work.

_____________________

Dogspot Boxer
Charter Member Of The Socially Inept Club

Our Motto:

We may be inept, but at least we're social

Mulch Ennui

15 Minutes are Over

Join date: 22 May 2005

Posts: 2,607

Read

11-30-2005 15:43

interesting thread I found

explains in great detail about how to play the Lindens Game

if you are going to buy or sell, READ THIS POST FIRST!!!!!!!

_____________________

I have of late--but wherefore I know not--lost all my mirth, that this goodly frame, the earth, seems to me a sterile promontory, this most excellent canopy, the air, look you, this brave o'erhanging firmament, this majestical roof fretted with golden fire, why, it appears no other thing to me than a foul and pestilent congregation of vapours.

http://forums.secondcitizen.com/

Einsman Schlegel

Disenchanted Fool

Join date: 11 Jun 2003

Posts: 1,461

11-30-2005 15:44

Quick! The sky is falling!!

Kenn Nilsson

AeonVox

Join date: 24 May 2005

Posts: 897

11-30-2005 15:47

I tend to think that a lot of people selling Linden might not really know what they're doin'...

...I mean, we are talkin' about a world in which 50-70% of people can't figure out how to open a door...

_____________________

--AeonVox--

Computer games don't affect kids; I mean if Pac-Man affected us as kids, we'd all be running around in darkened rooms chasing ghosts, eating magic pills, and listening to repetitive, addictive, electronic music.

Stephen Teazle

Jesse Camp stole my gf

Join date: 30 May 2005

Posts: 31

11-30-2005 18:00

Technical indicators - lol. Yeah everyone go pull the Linden up on the nearest Bloomberg terminal. I mean it's not like it's an easily manipulatable, highly illiquid fake currency or anything....

DogSpot Boxer

vortex thruster

Join date: 23 Aug 2005

Posts: 671

11-30-2005 18:51

Damned Commies.

_____________________

Dogspot Boxer
Charter Member Of The Socially Inept Club

Our Motto:

We may be inept, but at least we're social

Weedy Herbst

Too many parameters

Join date: 5 Aug 2004

Posts: 2,255

11-30-2005 18:59

From: Jamie Bergman

This has been a public service message of Jamie Bergman, SL's top economic mind.

"You're a mobius strip with a socialist on one side and a capitalist on the other." R. Underthorn

_____________________

SuezanneC Baskerville

Forums Rock!

Join date: 22 Dec 2003

Posts: 14,229

11-30-2005 19:17

From: Weedy Herbst

"You're a mobius strip with a socialist on one side and a capitalist on the other." R. Underthorn

Please be nice to mobius strips, they're my friends.

_____________________

-

So long to these forums, the vBulletin forums that used to be at forums.secondlife.com. I will miss them.

I can be found on the web by searching for "SuezanneC Baskerville", or go to

http://www.google.com/profiles/suezanne

-

http://lindenlab.tribe.net/ created on 11/19/03.

Members: Ben, Catherine, Colin, Cory, Dan, Doug, Jim, Philip, Phoenix, Richard,
Robin, and Ryan

-

Adriana Caligari

Registered User

Join date: 21 Apr 2005

Posts: 458

11-30-2005 21:04

Mobius strips are nice little objects - leave em alone

Technically they go on for ever

(But then so do other things - go on and on and on and on )

SL's leading Flat Strip eggspurt.

L$ Dropping vs. USD $
Jamie Bergman SL's Largest Distributor Join date: 17 Feb 2005 Posts: 1,752	11-30-2005 11:12 As I predicted earlier in my thread (/130/25/73669/1.html) that recommended selling the L$ in the short term, the L$ has proceeded to drop against the USD and is now selling at L$265 / $1.00 USD. Technical indicators point to a continued drop so I would advise all to cash out their Lindens and sit on the sidelines until support can be found on the buying side. This has been a public service message of Jamie Bergman, SL's top economic mind.
Maylin Murakami MeatMogul Join date: 24 Sep 2005 Posts: 179	hi 11-30-2005 11:28 lalala
Logan Bauer Inept Adept Join date: 13 Jun 2004 Posts: 2,237	11-30-2005 11:41 Anyone want to buy a useless thread or gratuitiously over-exposed blog? I'm selling links for $500 a pop, IM me now, because I'm teh eCONomical!!!!1 _____________________ PICS - BLOG - http://arcticgreenhouse.blogspot.com/ XSTREET - INWORLD -http://slurl.com/secondlife/Alternate Reality/144/138/54/
Taco Rubio also quite creepy Join date: 15 Feb 2004 Posts: 3,349	11-30-2005 11:46 From: Jamie Bergman Technical indicators point to a continued drop. From: Jamie Bergman For reasons unknown to me, the L$ has been falling from its nice little perch of L$250 = $1.00 USD. how did "i have no idea why this is happening" become a technical indicator? I think maybe i misread your title, your mind certainly does seem to run on an economy. _____________________ From: Torley Linden We can't be clear enough, ever, in our communication.
Kevn Klein God is Love! Join date: 5 Nov 2004 Posts: 3,422	11-30-2005 11:52 If everyone sells their $L and waits, wouldn't that lower the value even further? That would only be good from an investor's perspective, in that the investor could buy up the surplus $L at a huge discount, then sell it back after the fear level drops, and prices for $L increases.
Jamie Bergman SL's Largest Distributor Join date: 17 Feb 2005 Posts: 1,752	11-30-2005 11:54 From: Kevn Klein If everyone sells their $L and waits, wouldn't that lower the value even further? That would only be good from an investor's perspective, in that the investor could buy up the surplus $L at a huge discount, then sell it back after the fear level drops, and prices for $L increases. Yes and No. In general, the trend is your friend. When value begins to slide, it tends to build on itself. To hedge against this, you can to cash out and wait until support has been re-established on either the buy or sell side. This way, you're protected against a precipitous drop - and will have the flexibility to go long when/if the trend reverses.
Dark Korvin Player in the RL game Join date: 13 Jun 2005 Posts: 769	11-30-2005 11:58 The problem with selling to save money on the $L market, is that the change has to be greater than it did on GOM before you make your money back re-buying the $L. In my mind, the time to sell has passed. The time to buy is coming later. Hopefully limit orders on the buy side will be done by soon, and we can get cheaper $L than all the impatient people. Money goes to those with patience.
Jamie Bergman SL's Largest Distributor Join date: 17 Feb 2005 Posts: 1,752	11-30-2005 12:07 From: Dark Korvin The problem with selling to save money on the $L market, is that the change has to be greater than it did on GOM before you make your money back re-buying the $L. In my mind, the time to sell has passed. The time to buy is coming later. Hopefully limit orders on the buy side will be done by soon, and we can get cheaper $L than all the impatient people. Money goes to those with patience. Yes, that is why you should have sold when I originally said to.
Kyran Nyak Certified lunatic Join date: 4 Jan 2005 Posts: 24	11-30-2005 12:16 not something new really... L$ has been dropping since gom, Lindex cranked it up again, and ppl are falling back to the old price again. bound to happen tho coz ppl want to sell their lindens fast and so go lower and lower. sad but true. yet not something new. nice conclusion sl's top economic mind
DogSpot Boxer vortex thruster Join date: 23 Aug 2005 Posts: 671	11-30-2005 12:29 Must be those SL commies and socialists at work. _____________________ Dogspot Boxer Charter Member Of The Socially Inept Club Our Motto: We may be inept, but at least we're social
Mulch Ennui 15 Minutes are Over Join date: 22 May 2005 Posts: 2,607	Read 11-30-2005 15:43 interesting thread I found explains in great detail about how to play the Lindens Game if you are going to buy or sell, READ THIS POST FIRST!!!!!!! _____________________ I have of late--but wherefore I know not--lost all my mirth, that this goodly frame, the earth, seems to me a sterile promontory, this most excellent canopy, the air, look you, this brave o'erhanging firmament, this majestical roof fretted with golden fire, why, it appears no other thing to me than a foul and pestilent congregation of vapours. http://forums.secondcitizen.com/
Einsman Schlegel Disenchanted Fool Join date: 11 Jun 2003 Posts: 1,461	11-30-2005 15:44 Quick! The sky is falling!!
Kenn Nilsson AeonVox Join date: 24 May 2005 Posts: 897	11-30-2005 15:47 I tend to think that a lot of people selling Linden might not really know what they're doin'... ...I mean, we are talkin' about a world in which 50-70% of people can't figure out how to open a door... _____________________ --AeonVox-- Computer games don't affect kids; I mean if Pac-Man affected us as kids, we'd all be running around in darkened rooms chasing ghosts, eating magic pills, and listening to repetitive, addictive, electronic music.
Stephen Teazle Jesse Camp stole my gf Join date: 30 May 2005 Posts: 31	11-30-2005 18:00 Technical indicators - lol. Yeah everyone go pull the Linden up on the nearest Bloomberg terminal. I mean it's not like it's an easily manipulatable, highly illiquid fake currency or anything....
DogSpot Boxer vortex thruster Join date: 23 Aug 2005 Posts: 671	11-30-2005 18:51 Damned Commies. _____________________ Dogspot Boxer Charter Member Of The Socially Inept Club Our Motto: We may be inept, but at least we're social
Weedy Herbst Too many parameters Join date: 5 Aug 2004 Posts: 2,255	11-30-2005 18:59 From: Jamie Bergman This has been a public service message of Jamie Bergman, SL's top economic mind. "You're a mobius strip with a socialist on one side and a capitalist on the other." R. Underthorn _____________________
SuezanneC Baskerville Forums Rock! Join date: 22 Dec 2003 Posts: 14,229	11-30-2005 19:17 From: Weedy Herbst "You're a mobius strip with a socialist on one side and a capitalist on the other." R. Underthorn Please be nice to mobius strips, they're my friends. _____________________ - So long to these forums, the vBulletin forums that used to be at forums.secondlife.com. I will miss them. I can be found on the web by searching for "SuezanneC Baskerville", or go to http://www.google.com/profiles/suezanne - http://lindenlab.tribe.net/ created on 11/19/03. Members: Ben, Catherine, Colin, Cory, Dan, Doug, Jim, Philip, Phoenix, Richard, Robin, and Ryan -
Adriana Caligari Registered User Join date: 21 Apr 2005 Posts: 458	11-30-2005 21:04 Mobius strips are nice little objects - leave em alone Technically they go on for ever (But then so do other things - go on and on and on and on ) SL's leading Flat Strip eggspurt.

Welcome to the Second Life Forums Archive

L$ Dropping vs. USD $