Lots of selling on GOM
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Enabran Templar
Capitalist Pig
Join date: 26 Aug 2004
Posts: 4,506
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07-12-2005 00:02
From: Dark Korvin Hmmm.... This comment gave me a nasty tangent thought. I was thinking Zeppi Schlegel could one day just decide to sell large sums of $L sitting in his account slowly until there were no longer enough $L in the account to fill orders. He then would be able to just disappear with all traders being out of luck. GOM isn't going to shaft anyone. I've been using GOM for as long as I've been an SL resident, for both buying and selling. These guys are absolutely solid. Never had an ounce of trouble. They're very accessible if you have problems or questions and they're dedicated to SL in a way other services are not. GOM's proprietors are SL residents and a part of our community. Their track record is sufficiently long to preclude and worries of bad behavior. I'm not the least bit worried when I trade with them.
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From: Hiro Pendragon Furthermore, as Second Life goes to the Metaverse, and this becomes an open platform, Linden Lab risks lawsuit in court and [attachment culling] will, I repeat WILL be reverse in court. Second Life Forums: Who needs Reason when you can use bold tags?
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Khamon Fate
fategardens.net
Join date: 21 Nov 2003
Posts: 4,177
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07-12-2005 06:47
My thought is that a few people with a lot of excess lindens in their accounts have put them on the block expecting a rush of freebie newbies to purchase them. Their greatest enemy is the people who are steadily generating accounts for the sole purpose of buying and reselling first land.
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Elror Gullwing
Registered User
Join date: 6 Sep 2004
Posts: 306
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Lots of Selling......
07-12-2005 07:08
Hmm.... could it be a minor land baron has just left game? Check the Leader Board for the past few days and see who has dropped off and cashed out.
Conspiracy theories are more fun, though.....
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Buster Peel
Spat the dummy.
Join date: 7 Feb 2005
Posts: 1,242
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07-12-2005 07:26
From: Elror Gullwing Hmm.... could it be a minor land baron has just left game? Check the Leader Board for the past few days and see who has dropped off and cashed out. L$2M doesn't get you even close to the leader board.
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Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
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the Truth
07-12-2005 08:06
You want the truth?
YOU CAN'T HANDLE THE TRUTH!!!!!!!
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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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07-12-2005 08:22
If GOM isn't solid then SL is in big trouble
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Jsecure Hanks
Capitalist
Join date: 9 Dec 2003
Posts: 1,451
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07-12-2005 08:28
From: Homer Simpson Look Marge, you don't know what it's like - I'm the one out there every day putting his ass on the line. And I'm not out of order! You're out of order! The whole freaking system is out of order! You want the truth? You want the truth? You can't handle the truth! 'Cause when you reach over and put your hand into a pile of goo - that was your best friend's face, you'll know what to do!! Forget it Marge, it's Chinatown

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Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
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07-12-2005 09:20
You can't handle the truth! Son, we live in a world that has walls. And those walls have to be guarded by men with guns. Who's gonna do it? You? You, Lt. Weinberg? I have a greater responsibility than you can possibly fathom. You weep for Santiago and you curse the Marines. You have that luxury. You have the luxury of not knowing what I know: that Santiago's death, while tragic, probably saved lives. And my existence, while grotesque and incomprehensible to you, saves lives...You don't want the truth. Because deep down, in places you don't talk about at parties, you want me on that wall. You need me on that wall. We use words like honor, code, loyalty...we use these words as the backbone to a life spent defending something. You use 'em as a punchline. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom I provide, then questions the manner in which I provide it! I'd rather you just said thank you and went on your way. Otherwise, I suggest you pick up a weapon and stand a post. Either way, I don't give a damn what you think you're entitled to!
-Copied directly from "A Few Good Men" Staring Tom Cruise and Jack Nickelson.
Truly a Classic.
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Ferran Brodsky
Better living through rum
Join date: 3 Feb 2004
Posts: 821
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07-12-2005 11:25
Huge quantities of large blocks seems to stagnate the buy/sell speed on the market.
I voted for Nader. I hate you all!
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Cubey Terra
Aircraft Builder
Join date: 6 Sep 2003
Posts: 1,725
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07-12-2005 11:38
I don't see this as a real dip in the market. The market is small enough that one or two individuals with enough L$ can artificially depress the *apparent* sell price by placing several large sell orders slightly below the current lowest sell price. These blocks are large enough that they're unlikely to be bought, and other sellers will tend to sell at or below these blocks.
My prediction is that when this person feels they've depressed the market enough, they'll stop, wait for the price to rubber-band way back up over 4.00 or possibly 4.10 and sell their L$ at the resulting high price. Hopefully the market will eventually grow large enough that one person can't have undue influence over prices like this.
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Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
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07-12-2005 11:47
God thats a brilliant theory.
I love you Cubey, will you marry me?
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Buster Peel
Spat the dummy.
Join date: 7 Feb 2005
Posts: 1,242
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07-12-2005 11:58
well, now there's another $1M for sale at $3.92, for a total of $4M or so under $4.
AND there are no longer any $100K buy orders.
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Cristiano Midnight
Evil Snapshot Baron
Join date: 17 May 2003
Posts: 8,616
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07-12-2005 13:05
From: Anshe Chung If you know me, then you know I am one practical and pragmatic girl. I use all markets when it makes sense. But I have one highly optimized cash flow, selling off in small quantities and on regular basis. I put effort into this in order to not waste any pennies so that I can keep land prices low and consistent.
I won't cash out and leave, because I am deeply involved with Second Life project. I want it grow and succeed. Since I joined Second Life I met many people who have nowhere to go in their real lifes. Some are sick and disabled, forced into their hospital beds. Others have less dramatic but nontheless real limitations in their normal lifes. When it is night time in the Central Park, when the virtual moon is illuminating the landscape and I see one young couple in love I have one feeling of sense and acomplishment for hard work. Because feelings of love and happiness are something real and I wish everybody in every hospital or lonely bedroom on this planet should be able to share it. Regaining youth and beauty, reliving childhoods - never forget those for whom Second Life is equal to Second Chance.
The L$ at GOM today might be from another nice person who put much effort into land trading but decided to retire or take one break. Truly, this post deserves some kind of an award. Oscar perhaps?
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Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
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07-12-2005 13:46
From: Cristiano Midnight Truly, this post deserves some kind of an award. Oscar perhaps? Nah, its all BS. Anshe is probably the one selling.
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Cristiano Midnight
Evil Snapshot Baron
Join date: 17 May 2003
Posts: 8,616
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07-12-2005 14:15
From: Jamie Bergman Nah, its all BS.
Anshe is probably the one selling. Your first sentence was my point. I don't think I have ever seen anything so trite ever posted in a forum - it made my teeth hurt. I was being sarcastic.
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Cristiano ANOmations - huge selection of high quality, low priced animations all $100L or less. ~SLUniverse.com~ SL's oldest and largest community site, featuring Snapzilla image sharing, forums, and much more. 
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Surina Skallagrimson
Queen of Amazon Nations
Join date: 19 Jun 2003
Posts: 941
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07-13-2005 02:15
Why is everyone continuing to 'blame' Anshe when someone else claimed reponsibility for the 2M back on page 2? (I use the word 'blame' in prefference to what I'm really thinking...)
This is the Land and Economy forum, not the General forum. We're supposed to be civilised business people in here. Leave her alone.
The question you should be asking is not "who has put ML$2 on the market?" but "Why have they moved them from 3.93 down to 3.80?" That is a drop of US$260 in sale value.
Also, if they're genuinely trying to 'cash out' because they want the money, why place orders so large that most users would not be able to fill them?
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-------------------------------------------------------- Surina Skallagrimson Queen of Amazon Nation Rizal Sports Mentor
-------------------------------------------------------- Philip Linden: "we are not in the game business." Adam Savage: "I reject your reality and substitue my own."
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Hiro Queso
503less
Join date: 23 Feb 2005
Posts: 2,753
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07-13-2005 03:38
From: Surina Skallagrimson The question you should be asking is not "who has put ML$2 on the market?" but "Why have they moved them from 3.93 down to 3.80?" That is a drop of US$260 in sale value.
Also, if they're genuinely trying to 'cash out' because they want the money, why place orders so large that most users would not be able to fill them? Maybe this person got a lucky windfall and is trying to offload them as soon as possible 
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LillyBeth Filth
Texture Artist
Join date: 23 Apr 2004
Posts: 489
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07-13-2005 06:09
wtf has it got to do with ANY-ONE how much ANYBODY wants to sell their L$ for?
They dont owe you or LL a God Damb thing!
Maybe they are broke? maybe they just dont give a sh*t...either way , thats life and its none of business.
Sorry but really !!???
and yea that Anshei post was absolute shite....ive IM her direct about land and she only replies of its a sale...twice now she just left me hanging in IM once she knew there was no L$ involved or it was a deal she wasnt interested in.
thats ppl and thats what money does to us ( yes I include myself) what makes me barf is sentimental ' I care about the community' crap
Everybody here who runs a business in a way it provides enough L$ to sell is all out for themselves no matter what crap they spout.
And if they want a quick $300 ASAP they will undercut their own Grandmother to get it * especialy is shes a virtual grandma as our geographical distant relationships with virtual friends are FAR more easy to abuse than if they have to look you right in the eye remember in RL *
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LillyBeth Filth
Texture Artist
Join date: 23 Apr 2004
Posts: 489
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07-13-2005 06:16
From: Ferran Brodsky yes yes yes Im replying to my post... http://forums.gamingopenmarket.com/viewtopic.php?t=22Apparently it's in feature suggestions on GOM, and has been there for quite sometime! Anyway, yeah... this feature would totally rock Oh btw, as I was posting someone dropped 3 lower 10k blocks for 3.92 even though there were no 10k blocks at 3.94... silly can't wait for someone to drop another chunk of 10k blocks at 3.91!! hooray for higher brain function! Farran, dunno who you are but your a character! You make me smile and when some-one stands out from a crowd to 'me' thats rare! Just thought id share 
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 TRU Graphic Solutions Ltd In Association with: 3DTotal.com - SubdimensionStudios.com - AmbientLight.co.uk - Jaguarwoman.com -Texturama.com - Fifond.com - 3DRender.co.uk Over 80 SL freelance texture artist supplying Premium seamless textures to SL Since 2004 Visit TRU Website: http://www.texturesrus.net
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Buster Peel
Spat the dummy.
Join date: 7 Feb 2005
Posts: 1,242
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07-13-2005 11:26
From: Surina Skallagrimson Why is everyone continuing to 'blame' Anshe when someone else claimed reponsibility for the 2M back on page 2? (I use the word 'blame' in prefference to what I'm really thinking...) Some people assume that everybody who is successful in business is unethical by definition. There is a lot of Anshe-bashing on that basis, and it is unfair and unjustified. From: someone The question you should be asking is not "who has put ML$2 on the market?" but "Why have they moved them from 3.93 down to 3.80?" That is a drop of US$260 in sale value.
I think "why", and "why now" are legitimate issues to speculate on. Its hard to kick around ideas about that without considering what sort of person it might be. Nothing wrong with that. From: someone Also, if they're genuinely trying to 'cash out' because they want the money, why place orders so large that most users would not be able to fill them?
It's really a pain in the ass to enter a gazillion little orders. They aren't in any great mad panic rush. It will move. Buster
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Colette Meiji
Registered User
Join date: 25 Mar 2005
Posts: 15,556
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07-13-2005 11:52
Is selling 2M at such a low rate enough to drive blocks off what "WAS" market value?
Allowing somone who knows the 2 mil wont be bought === (yes i admit thats a big leap, but who needs 2 million Lindens?) ==== to buy Lindens during a Bear Market.
Thus they can then take their 2 mil off the market, allow the price to stabilize and then sell off their newly aquired Lindens for a proffit.
Pure total crazy speculation , I know , just something that occured to me remembering part of a lecture I listened to in college about how to make money during a Bear Market.
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Dark Korvin
Player in the RL game
Join date: 13 Jun 2005
Posts: 769
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07-14-2005 22:40
You know what confuses me more than people selling large chunks of $L is who in the hell is the stupid guy trying to sell L$1k for US$2000. Isn't that a bit of a pipe dream there? Is there really a chance that someone would be even more stupid than the seller and buy that chunk of worthless $L.
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BooBoo Mifflin
Second Life Resident
Join date: 18 Nov 2004
Posts: 7
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07-15-2005 04:18
From: Dark Korvin You know what confuses me more than people selling large chunks of $L is who in the hell is the stupid guy trying to sell L$1k for US$2000. Isn't that a bit of a pipe dream there? Is there really a chance that someone would be even more stupid than the seller and buy that chunk of worthless $L. It's not done as a pipe dream. But since you seem so confident in your preconceived determination that it's all about stupid people, I doubt it could be explained it to you since it not done for a stupid reason.
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Jamie Bergman
SL's Largest Distributor
Join date: 17 Feb 2005
Posts: 1,752
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07-15-2005 09:22
Its an easy way to transfer large amounts of money between accounts.
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Dark Korvin
Player in the RL game
Join date: 13 Jun 2005
Posts: 769
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07-15-2005 11:57
I'm not meaning to say you are wrong, but there are a few things I don't understand. Why would you need multiple GOM accounts? Doesn't GOM let you put more than one avatar on the same account? I assume you don't mean transfering from one SL account to another, since one could always use find to look at their other account's profile, and then they could pay their other account.
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