Over 2,000,000 L$ at 300!!!!!
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Jesrad Seraph
Nonsense
Join date: 11 Dec 2004
Posts: 1,463
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03-26-2006 22:46
From: Ricky Zamboni How about, "Damn it! Every time I place my currency for sale at L$1 below the current rate, some joker comes in and undercuts me and my order never sells. Well, I'm getting sick of it! I'm placing it at L$10 below the current rate so I can just get rid of it."
Case in point: About a month ago, there were roughly L$6M available at L$261/US$, which were typically undercut by a few million placed L$1 to $L3 below it. A couple of weeks ago, the L$6M order had dropped down to L$278, again with a couple of million quickly piling up just below it. Now, that L$278 order has begun evaporating, and I'd bet dollars to donuts it's partly due to sellers getting suck of their stuff not selling. Anshe agrees with you, apparently  I just never had any trouble selling my L$ on LindeX so far, so that explanation didn't hit my mind. It's probably the best explanation, too.
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Either Man can enjoy universal freedom, or Man cannot. If it is possible then everyone can act freely if they don't stop anyone else from doing same. If it is not possible, then conflict will arise anyway so punch those that try to stop you. In conclusion the only strategy that wins in all cases is that of doing what you want against all adversity, as long as you respect that right in others.
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Gabriel Tackleberry
Registered User
Join date: 22 Feb 2006
Posts: 23
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03-27-2006 04:51
From: Anshe Chung Oh my, what one thread!  From: someone
Does this seem like gloating to anybody else?
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Loniki Loudon
Homes By Loniki
Join date: 5 Dec 2005
Posts: 176
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03-27-2006 09:15
This morning it seems there is less then 3.5 mil spread out across like 8 points. Its this selling frenzy that is driving the market up. If it was held where it is for a day, the value of the L would go down 10 points... I can't help but think this whole current drive is being fed by the island frenzy. There has to be a reason why people want to sell so fast.
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-27-2006 09:45
From: Loniki Loudon This morning it seems there is less then 3.5 mil spread out across like 8 points. Its this selling frenzy that is driving the market up. If it was held where it is for a day, the value of the L would go down 10 points... I can't help but think this whole current drive is being fed by the island frenzy. There has to be a reason why people want to sell so fast. Loniki: And who is going to put up their US$ Dollars to hold up the market? Not Me. Not You. Not Jonas or Siggy. Guess that means "The Market" will do whatever it damn well wants to do. And if that pushes the valuation down, then so be it.. Now if all this upsets you and you hate seeing the Linden Dollar decline, then let me point your attention to the Grand Master Economic Guru King Phillip Linden. If you don't like what is going on, then fuss at him because its his economic policies which has created this mess... Not the people trading on the exchange. Linden Dollar Valuation on the LindenX is the "Effect" not the "Cause". |
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Fade Languish
I just build stuff...
Join date: 20 Oct 2005
Posts: 1,760
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03-27-2006 09:53
From: ReserveBank Division Loniki:
And who is going to put up their US$ Dollars to
hold up the market? Not Me. Not You. Not Jonas or Siggy.
Guess that means "The Market" will do whatever it
damn well wants to do. And if that pushes the valuation
down, then so be it.. Nor me, and yes. |
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Sean Martin
Yesnomaybe.
Join date: 13 Sep 2005
Posts: 584
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03-27-2006 15:49
I bet whoever put up that much money for sale was willing to take the loss just to see this forum and laugh.  It's happened in other online games. Someone who's tired of playing leaves the game, sells off all their gold, way below market value, for a certain period of time. The market crashes and sometimes even takes the game with it if it's an older game. But those are different enviorments. I think SL is flexable enough to withstand that simply because we make do in SL with what we have. SL did come from nothing after all. Or wait it was created wasn't it? Heh I remember something about "Let there be Lag and he saw it was good" Well it grew from almost nothing hows that. I noticed some in other forums talked about selling all their property, cashing out, and starting over with an alt. Or even with the same character if it wasn't popular? I can see why some would do that just to get a sense of sucess all over again. Or to see if they can do it again. Since SL doesn't have much of a game quality to it on a whole. I don't know. Maybe some older, richer, players are leaving because things are not how they want it. They may not have intended to crash the market but they have so much that it's hard not to effect the enviorment. Just having a lot of cash makes you that much of an influance in a small economy I guess. I suppose it could be played or gamed that way. But it could be gamed the other way too. Like nobody buying. heh  If only we had the abilitiy to choose which price to buy at. If I feel like buying L$ at a higher price then why shouldn't I? Or wait. We do don't we? I dunno I never buy.  |
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Don Benavente
Registered User
Join date: 26 Sep 2005
Posts: 1
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I dont understand how you get moeny from traffic
03-27-2006 19:02
From: Markie Macdonald And the boat has now sunk....
Let the dance start... Who said it first?
On you marks
Gets Set
Go......... Hey how do you get moeny from traffic im having trouble |
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ReserveBank Division
Senior Member
Join date: 16 Jan 2006
Posts: 1,408
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03-27-2006 19:10
From: Sean Martin If only we had the abilitiy to choose which price to buy at. If I feel like buying L$ at a higher price then why shouldn't I? Or wait. We do don't we? I dunno I never buy. If you like you buy your L$ for more, then let me introduce you to eBay... $25000 Lindens Thousands of Second Life Linden Dollars price: US $105.00 Twenty five thousand Linden dollars will be paid to your second life account by me in my second life, Lola Lollipop within hours of payment. Please provide your second life name with your Paypal Payment. Transaction cannot be completed without your second life name. Thanks! Enjoy your second life! Lola Lollipop http://cgi.ebay.com/25000-Lindens-Thousands-of-Second-Life-Linden-Dollars_W0QQitemZ8271330195QQcategoryZ4596QQssPageNameZWDVWQQrdZ1QQcmdZViewItem |
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mcgeeb Gupte
Jolie Femme @}-,-'-,---
Join date: 17 Sep 2005
Posts: 1,152
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03-27-2006 20:39
I thought posting names was against the rules like in this case. |
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Sean Martin
Yesnomaybe.
Join date: 13 Sep 2005
Posts: 584
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03-28-2006 05:13
Oh yeah of course! Hah |
