New L$ trading level low - L$317 / $1 USD.

Continues to fall with no signs of letting up.

GD, I wish I could short the linden. I'd ride it down to 500.

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Quit complaining about the lidnen fallign when you encourage it.

Jonas, at this point selling all your L$ is the ONLY choice.

The L$ will undoubtedly fall through L$361 within months. I see L$500 on the not-too-distant horizon.

"Only choice" Not even a visible choice for me. Its a game. I don't cash out. Your panic isn't contagious enough to get me. When, and if, you sell original content, come talk to me then, k?

No offense, Jonas, but its obvious you are an osterich.

Please, go bury your head in the sand. Its obvious you won't be joining us in any action we may take to remedy this severe recession / depression SL is about to go through.

Being called an osterich from you does very little. The words of a freebie reselling chicken little mean nothing to me.

If you want to end the downslide: STOP THE UNDERCUTTING.

Its obvious you will only be contributing to the problem.

'The L$ is falling, the L$ is falling!' -Jamie "Chicken Little' Bergman

Quit blaming the sellers when its LL who created the selling enviroment
through their policy and actions.

If you can profit, its more than just a game.

And so it is..... I'm not wrong.

Nor am I when I say its undercutters lowering the sell rate. Don't try to blame LL for what the players sell their lindens at.

You want to have the currency back up to 250l/USD? It is really easy to do. They have already done it once when the L  USD was about at this trading range. IT is so simple I don’t know why anyone would not have thought of this by now. All you have to do is close the LindeX and open a new exchange service. It worked great last time, why won’t it work again?

At this point, I'm willing to do ANYTHING to bring back the value of the L$.

You could stop undercutting other players and try selling above the going rate to bring it back up?

Anything that doesn't impact my personal cash flow situation.

me & Jonas are developing a forum love hate relationship seems I see him on the few threads I vist and normaly I argue with him but on this one I have to agree.

The control of the L$ Value falls with those who are selling it & deciding what price to sell it.

It was the same at GOM and I recall LL starting to sell it & GOM closing and there was a panic then too....people were selling at stupid rates because they feared it was going to drop & continue to drop so they thought ' anythings better than nothing ' without realising they were the VERY people pushing it.

ANYONE that undercuts has no right to complain. Simple

Sure...match the best seling rate but undercutting is forcing the next scared panic seller to force his price down.

I have been selling it at the best rate for 4 days now & it keeps dropping...why? because people like Jamie undercut it.

All people have to do is fix it...no one else is causing this but the ppl selling it...dont blame LL they made an announcement ( so?) ...actions speak louder than words..and the sellers are the ones pushing it down.

I have no sympathy for panic sellers they are the cancer in the economy.

uh huh.

I bet you sell any lindens you have well below the current rate so that you can come back here and gloat about what it last traded for. why?

that's just crazy. IT'S CRAZY I TELLS YA

I would be curious to see the results if the majority of sellers in SL held their Linden $ for 24-48 hours. My guess is, within that short time frame you would see quite a rebound based off the average amount traded daily.

~Tao

In this current market enviroment, it is better to hold US$
and buy Linden Dollars when you need them.

The weekend is coming up. What a convenient time for a page error to appear on the 'selling' page so people could only buy L$, not place it for sale, until Monday when the website people get back in the office.

Problem solved - if you thought there was one in the first place.

Lewis

Hasn't the US$ lost a lot of value against other currencies lately as well?

Lewis

Jonas works for the Socialists Party and he is attempting
to brainwish people into thinking that solutions to economic
problems is to control the trading markets because "sellers"
are evil,. Yet ignoring the government policies which created
the enviroment which encourages selling.

Let me see if I understand this. Someone posts a higher $L amount per $1 US and everyone panics and goes higher in order to sell first. Then those who weren't going to sell, try to sell. Now there are more $L for sale than anyone needs so people post even higher $L amounts in order to sell first. LANDSLIDE!

What would happen if everyone just at the same time changed their selling rate back to $250....the value would be back!

It's so simple, just start posting lower $L amounts per $1 US. Just do it...but everyone has to do it. This is where LL stepping in would be helpful if they would just make the change for everyone. I can't imagine why people wouldn't want to do it, they'll immediately start getting more $US. Make a forum post giving a time and day for changing all $L selling amounts and everyone does it.

The leap-frogging to sell first needs to stop. People just need to post a fair price rather than post what will get them cash faster. That's why it's called investing. Investments take time.

I also agree that people using the exchange to pay for tier and NEEDING that money at a specific time is part of the problem. If they would just get the tier they can afford and happily take home any profits they make the market would be better because people would be able to wait for good prices rather than settling for less $$.

What is a fair price? Is L$250/US$ a fair price? How about L$251/US$? What about L$100/US$? That's better for sellers, but not as good for purchasers, who would prefer a rate of L$500/US$.

The bottom line is, a "fair price" is exactly what the market is trying to find. If you don't like where it's heading, you have a choice. You can either (a) live with the fact that your idea of a fair price is different from everybody else's, (b) use your own cash to force the exchange rate to where you'd like it to be, (c) hope that you can get all the sellers to collude in such a way as to drive the exchange rate in a way that is beneficial to them (and, by definition, detrimental to the purchasers), or (d) try to get LL to change their economic policy in order to slow the precipitous slide of their currency value.

Lol thats a bit of an understatement Lewis. $1.87 to the £1 now, a few months ago it was $1.71. Have mused to myself if the dollar illness would spread across to Linden but that depends on the absolute percentage of US vis-a-vis rest of world people here.

Anyone else any views on that point?