So what's up with Lindex?

Nobody selling?

It's fallen to L$294/$1 now, when it should be up past 300.

Wonder what's going on. You'd have thought there would be a lot of people selling with all the panic over forums closing.

Lewis

Maybe it's all those unverified basics buying up all the L$ they can get to blow on hookers and gambling?

Why should it be worse than 300? Stipends were decreased, dwell payments have ended, and the population has seen a big increase.

Who are you to say that it should be over 300/1? The market as a hole is what sets the rate, not a single buyer. More people buying is a good thing for the economy. Less money sitting on the lindex and in people's accounts is a good thing. This is not because we want more of your cash, but people who do purchase things are generally happy about recieving a product or service.

The forums closing should have no effect on what the market itself does. The majority of the people I've spoken to IW believe the a general section to be vile and useless. There is only a small amount who believe that LL stoping to moderate you people's pissing contests is a bad thing.

I would suggest that the causes of this are the increased amount for classifieds, 30k a week last time I checked to be on the first page and many people busy with the SLCC. Also, during an extreme upshift like we've seen the past few months many people were worried and scatter to sell their lindens, where as on a down shift more try to buy before it gets too low.

Then again nothing ever happened with the "scare" of a few months ago, so there doesn't seem to be a point with certain people manipulating the market so drasticly.

The point being that there's a mad panic and "omg" when the market went over 300 ... yet when it drops below 300, nobody seems to make a mention of it.

Or is it because it's switched back to the sellers controlling the market rather than the buyers?

Lewis

Despite what RDB would have you believe (and he's suspciously quiet isn't he) no-one controls the market.

RDB is the main one, at least recently to scream sell, sell, sell OMG the linden is tanking. The rest of the people, wherever they are on the buyer/seller/BS hater spectrum have been pointing out why he's wrong.

Even RDB would find it hard to scream the market's tanking as the L$ strengthens slowly and continuously against the US$.

Now, I will admit I'm a net seller, not buyer, so I like this stronger L$, even though this isn't the right time of the month for me really, just after I paid my tier. But if 300 is your magic number, why are worried when it's in the range 300 ± 2%?

Why does the simple notion of supply and demand completly go over your head? This current slow decline is that there is more demand then there is new supply. There has also not been the 2 mil blocks placed at 5 points higher then the current rate.

I don't understand how you can fail to see that the inflation that you so dearly loved had a alot of seller manipulation. How is that at all a buyer controlled market?

The exchange will always be controlled by supply and demand. Not the buyers and not the sellers. Either side can manipulate it right before they announce their idea for a new currency, but it will always even out in the end.

Sellers can not controll the market as we can set it at whatever rate we want but if its too high, buyers won't buy it. Buyers can not control the market because they well.. want L$. There isn't these two opposing sides that fight eachother on market rates. Both sides need eachother to get what they want.

You can look at which ever way you want to, like you always do. But there is no evil in a natural fluctuating market. No big bad group of sellers who are sticking together to make you pay more for your L$.

Eloise although I agree with you to a great extent I do have to differ slightly. There has been a fairly consistent pattern over the last few months of the sell side decreasing the Linden value on Sunday night - Wed Night and it Increasing in value the rest of the week. Taking that as a basis the Lindex did behave oddly yesterday. Not horribly so but it was unnusual.

Did the million plus Lindens listed @ 296 really sell or did they all cancel and move that floor to 290?

The pile at 290 has been there a while, I'd say by the 13m traded yesterday that the 296 - 295 simply sold.

the market has been recovering since the day LL announced they would punish people who posted sell/buy omg posts during the 'appropriate' parts of their own market cycling.

Another thing to consider is that many of the biggest sellers of L$ were all in San Francisco for the past few days, without selling L$ on LindeX. That may have a small bit to do with the overall amount currently available.

Regards,

-Flip

Hard to believe none of the biggest money makers in SL have laptops

Thinks thats bad, after closing, at 8:25 its down to 204/$1 US

It's only bad if you don't have L$.

=B-)