Linden Value dropping through the floor???

thanks for the responses all, and sorry bout posting it in the wrong forum...was blind. Scrolled down, saw the Econo forum *chuckles*.


And for the little guy like me, not really intested in building but buying, this makes a huge impact. I'm not realy setup to spend unlimited amounts of money playing the game, and I had configured for weeks in both shopping and watching the market to see how much I needed to spend to get what I wanted and have a little left over to play with and hopefully keep me a few months.

And that amount of RL money was rapidly increasing, higher and higher.

Great for stores, crappy for people like me .

I do hope it returns to around 300 and stablizes, that seemed reasonable to me for 1K to be just over 3 bucks *shrugs*.

And so far, I've not seen any of the average prices for things I look at reflecting the market drop. *sigh*

In the end, I think the best thing that can happen is really a ---stable--- exchange rate. Forget 300 L$ per USD or 250 L$ per USD, even if it fell to 2000 L$ per USD or rose to 1 L$ per USD, as long as it stays steady, all is fine.

Let's hope we get there so we can close these forums once and for all, no more unfinished business, then maybe we can get on to enjoy SL.

I'd actually just prefer a flat exchange rate.. that doesn't drift. Yes it would kill the whole "currency exchange" concept.. but it would be really nice to poor players like me, who have maybe $20 a month we can drop on the game in a good month. It would also make it easier as a retailer, to be able to translate costs into real-world money.. a (US)$15 skin doesn't sound nearly as bad as a L$3000 one. it also makes it much easier as a retailer, to understand the vlaue you're placing on products when you price them.

The biggest concern I have is, every time I upload a texture, or make a land use fee, or whatever.. where is that money going? does it get flushed back into the system? or is LL eating it every time?

Uploads are money sinks and the 10L disappears from the system.

It's not falling apart, it's working as intended. And people always have a choice, no one is being forced to buy.

I can understand why as a buyer you'd feel that way. But I'm sure you can understand why sellers prefer it when that number goes down.

That would be right and handy if SL were a platform for US citizens only. But for people using euros or yens, for example, to deal with a fictional currency rather than a foreign one is far more satisfying, at least on the psychological level if not on the practical one.

I suspect too that tieing L$ to US$ on a flat rate could lead LL very quickly into troubles with US (and not only US) laws about currencies.

You may think you have more economic knowledge... but I know more about how this game works than you ever will, because I'm here for fun and not profit.

Lewis

And that sums Lewis up better than I ever could.

ZOMG!! The value of the linden is changing again. Raise Stipends! Lower Stipends! AHHHHH!!!

At last... you acknowledge SL is a game.

Congratulations for making that first step in your treatment programme.

Lewis

Lewis SL is different things for different people. For you it is a game. For me it is a platform my creativity can take wing in.

Live and let live.

*snickers* I've been saying it the whole time that they complained when it was to low but then they would complain when it got to high. Looks as though i was right hehe. 300L > 1 usd is more an ideal amount to hover around in actuallity. The problem is if the seller end of the market gets to be to good the buyers end sucks and if less people can afford to buy L then the sellers end up losing out 300L > 1 usd keeps it kind of good for buyers and good for sellers alike. Again though the seller end seems to be being pushed as of late and that is as bad as pushing the buyer end. Its good for those that have L now but it sucks for those that dont have L.

It is a let down if people spend less money because they cant really afford to buy L cuz of the exchange rate being good for sellers. I'm not here for profit either and i agree to a point. I think the sellers however need to realize that if the L keeps going at the rate it is less people will be inclined to buy it. The stipend never really needed to be gotten rid of in the first place. All it did was put a sense of stability into people which was if there wasnt so many people at the time screaming the sky is falling likely wouldnt of been needed. As i stated before the sellers control what the L is worth but if they let it get to high in value it will likely start falling.

I think LL could easily reinstate the stipend and stuff but 10-1 says it'll destabalize things because of the way the L started to go up.

Yep their current standing is that L has no actual value. We basically auction it off and other users buy. They would have problems if they tied it to any currency at all really. And then it may be subject to the cooky little gambling laws they are trying to pass in the u.s

I did no such thing. Read what I said not what you want to hear.

And both of you kneel to my superior economic intellect. Still an apprentice believing stipends are good, inflation doesn't exist, and nearly L$800/million linden dollars in circulation are good for everybody.. and that more would be better. Hahahah...

Yes, that superior economic bullsh--um, I mean intellect that was screaming two months that the L$ would keep declining in value from 330:1. Then said the same at 310:1, then 300:1. Right now it's at 283:1 and the other day it was 272:1. I don't see why you're so against stipends. The only way your two-month old "prediction" (L$ at 400:1 in a few weeks) will come true is if LL raised stipends to $10000/week.

Typical R&D stuff. He only wants rid of the stipend so he can profit off the fact that people will be stuck having to buy L to have any money to spend in SL. You wanna profit off the misery of others and you seem at the pit of your being to want SL to fail as a whole or just become some corporate platform is just a bunch of money grubbing little power mongers. The way L has been as of late has proved something i have said all along in that it was never the stipend that was the problem but rather the sellers. That was proved right to a degree. The removal of the basic stipends for new players and the cut down to 400L a week for new premiums put faith back into the sells and thats the only kick they needed at all to help the market in the right direction and it is good where it is now. It does not need to move up anymore so the stipends are fine being there.

You have spewed alot of nonsense about the subject in its entiritiy and have tried countless times to cause panic in the sellers. Your predictions have yet to come true as faith in the market has been restores and your predictions played on people not having that faith.

I'm not an anything trader anymore thanks to Linden puting the IN world economy directly into the toilet.

I'd actually be quite happy it the exchange rate went as low as L$100/US$ 1or even dare I say it 1/1 though I honestly doubt that'll ever happen since I never by lindens anymore and only sell since I stay entirely self sufficent in terms of money in game, though I'm sure all the money buyers are gonna hate me for saying that.

Better pony up that money, because the Sellers are taking advantage of the buyers willing to overpay on this price run up.. Question is, will you have enough incoming US$ to buy all the L$ being sold....

You are only looking at the short term, when long term, you have too many forces pulling down the L$... Enjoy your eMoney... For as long as it lasts.

That won't be an issue ever though, since if people aren't willing to buy at market rate (not very likely since most people don't use limit buy) then the market will adjust and the value will fall relative to the US dollar til it stablizes again so the issue isn't people buying, the issue will be what cost people are willing to pay to buy.

/me ducks the barrage from people who claim people who only sell and never buy are going to crash the lindex.

I'd say there has been many forces strengthening the L lately from its low at 330:1 to what it is now 282:1.

Egads, I've a batch that may finally sell after loafing about on the LindeX for the last 7 months!

Come'on lucky 270:1 ... papa needs a new pair of (economically savvy) shoes!

IMO, This thread is an example of a contrary indicator.

As soon as people start screaming about how things are "going all to hell", currency investors know that it's getting close to time to sell for a profit. It is a signal that the people that don't like low linden/dollar exchange rates are getting less likely to buy lindens at the market value.

The principle is "buy low, sell high", not "buy, then sell lower". Right now, the value of the linden is very high. It is clear to see, however, that the linden is not overvalued, because SLers bought 16 million of them today alone. A reasonable linden price target is probably 250, though that may be pushing it.

Unfortunately it is hard to get a handle on the real value of the linden without more granular data... Smart people(currency traders) will be doing a little more specific data mining on the statistics displayed on the lindex as they update.