Human Nature?

How come one the L strengthens 6 points no one posts anything about it. Yet when it falls 6 points, several ppl in here cry out the sky is falling creating even more panic. Is this just the way some people are?

it closed at 332 witha weighted average of 334... what chart were you looking at?

and todays weighted average is 332....

the L$ has beein bouncing around in the same 3% range for the last two weeks.

That's what it says for me:

Daily Summary:
Last Close Date 2006-06-13
Best buying rate: L$326 / US$1.00
Best selling rate: L$341 / US$1.00
Last trade: L$326 / US$1.00
Last close: L$332 / US$1.00
Change: -L$6 / US$1.00
Today's volume: L$9,597,627
Today's open: L$332 / US$1.00
Today's high: L$347 / US$1.00
Today's low: L$326 / US$1.00
Today's average: L$331.8976 / US$1.00

"change -L$6" is likely what's talked about ^^;;

EDIT:
oops i'm on crack tonight!

edit: edited out too... i still want tha quote though ;o

actually, i'm not on crack.

that's based on the last trade. it's irrelevant.

here's a demonstration of the irrelevance of that figure for you with some easy manipulation of the change stat (cost me just 1000 L$):

Daily Summary:
Last Close Date 2006-06-13
Best buying rate: L$326 / US$1.00
Best selling rate: L$341 / US$1.00
Last trade: L$341 / US$1.00
Last close: L$332 / US$1.00
Change: +L$9 / US$1.00
Today's volume: L$9,624,311
Today's open: L$332 / US$1.00
Today's high: L$347 / US$1.00
Today's low: L$326 / US$1.00
Today's average: L$331.8909 / US$1.00

the important figure jamie or anyone worth listening to looks at is the weighted average.

The funny part is either am on crack too, or a couple of people just moved their L$326 sell orders to L$325 tier.

that right after a thread about strengthening linden. coincidence? i think not >>;;

/madtinfoilhattery

How many people noticed a huge limit buy order today that paid about $2,343 for L$800,000 and is selling it at L$328/1. That will net them $2,353 for a profit of $10.00. Ok this is a test, why would anyone do that?

Is that where that came from? Thats a lot of hard work for ten dollars.

There is a very good reason for it.

Ok so why did you make the trade?

It wasn't me Jon and I don't know who it is. My trades are much smaller and I spread both buy and sell orders.

I need to start doing this. Seems a bit risky though.

having watched the behavior of that trade on buy I honestly think this person was just trying to log jam the buy side of the market.

it started at 345 someone placed a small amount at 344. This person leaped to 343 someone placed 12k at 342 this person leaped again to 341 where it stayed till it sold.

Then on the sell side this person leaped another small under 20k amount.

That looks alot like this person saying I am going to take control because I can and heck with profits. Pure power trip.

Welcome to the forums Warriorz. You waited a year after joining SL to make your first post but your observation was correct. I believe the trader has another reason. I hope we will be hearing from you more often in the future we need new opinions and insight on this forum.

Yeah, i tricked that guy/girl. I placed 66000 at 344 so he placed it at 343. After that, I moved the money to 345, being far higher in the queue than having that guy/girl at 345.

Its either someone trying to game the system as it were. Or at least test the buy side, see how people will react to a large order
being placed. We can see large orders on the sell side causes people to undercut it.

The alternative option is that somebody wanted some L$ to use in game, rather then buy it, he or she set an order.

Yeah, I believe it was a regular order for ingame purposes. Day traders wouldn't have gone so low.

Sadly when you take into consideration the amount a person sold that 3k number. Realize that that 10 percent profit is actually non existant. Because on 3k alone LL in going to take 2.5 or 3.5% of that number. Which is a bit higher then 10 dollars =P. However and as i've point out in the past now 1 person really can control the value of the L. If they keep putting money in at a low low rate eventually thats where the economy towards the L value heads.

The funny thing is 1 person can devalue the L so much but it'd take alot of the sellers working together to bring it up higher. Sadly 1 person can totally ruin the economy. And as i brought up it is human nature that causes it. I'm all for that argument. And the reasoning behind such a large trade whatever that number was (im just going to say 3k usd worth of L here) is because that person probably needs to cover tier payments =/.

The most likely problem here is that they dont actually have that actual money on hand to begin with and create what we call a time restraint situation. Where if they dont get that 3k by a certain time their account is kinda screwed lol. The problem with the methodology of relying on ones L > USD income to pay tier is simply that if they cant back it up with real life funding first they create a situation as i'm stating forcing them to lower the value of L to sell it at a faster rate.

Sadly these actions impact everyone and it only speeds up the process of the L devaluling. Mind you L will continue to devalue regardless of them stopping this. It'll just be slowed and be allowed to fluxate better. The proof that a trade can go in at a value of six less L > 1 usd proves that point. If people would stop trying to get their speedy sells to pay tier the L devaluling might slow or it may go up in value.

Plus every time he moves his order, even if a tiny part of it sold, he got charged another $0.30US. Could also be someone who doesn't actually know how the market moves in regards to what kinds of numbers can be sold how quickly

Or it could be Ginko trying to fill a large withdrawal

Lina, they're talking about blocking up/manipulating Buy Orders, not Sell Orders. It's someone wanting to buy a bunch of $L, not sell them. They have the actual money ($USD) on hand to want to buy $800,000L

The $0.30 is not charged on cancelled unfilled buy orders, if it's partially filled however, yes

Er, I meant "if a tiny part of it sold," not "even." My english not too good there. Sorry, it's still too early in the morning

There are 2 people that I can think of that seem to like to post about the L$ dropping in value, and perpetuate it. I would be willing to bed these same people then purchase the L$ once they have stirred the panic up enough to drop the value further, and when the economy begins to improve, they then begin selling off their "earnings" and then when the time is right, they flood the LindeX with their excess, dropping the rate again, rinse/repeat.

When someone starts screaming SELL SELL SELL because the value is dropping... they're working against the economy, and the only two reasons I can see are:

1) Grid attack through malicious market manipulation. (disgruntled resident?)

2) Creating a panic to cause a surplus of cheap L$ to buy, only to resell at a better rate when the panic subsides.