Lindens at $375-$500L / per $1US by August

Look at these open buy orders:
How can the Linden do anything but devalue if the greatest concentration of open buy orders is in the 375-500 range and there is not a correlative concentration of open sell orders anywhere in the trading range?

Since players have to sell to pay tier, or benefit from sales of in-game or out-of game sales of content, the Linden can only devalue. How can it do otherwise?


Sell

Open Orders [Currency Exchange Help]
Buy Orders ... Sell Orders
Rate Amount Rate Amount
339.9 3,738 ... 339.4 10,000
340.0 3,400 ... 339.3 340
347.7 7,649 ... 339.2 11,000
347.8 43,770 ... 339.1 13,356
347.9 11,480 ... 339.0 1,017
348.0 1,621 ... 337.9 2,699
349.7 15,386 ... 335.0 16,409
349.8 41,609 ... 334.5 100
349.9 19,244 ... 331.0 2,031
350.0 17,900 ... 321.0 4,647
352.7 23,278 ... 318.0 10,000
352.8 92,790 ... 315.1 2,500
354.1 27,265 ... 315.0 500
354.2 200,000 ... 305.0 1,000
354.3 31,178 ... 300.0 8,000
354.4 100,000 ... 285.7 5,000
354.5 35,095 ... 285.0 16,050
354.6 5,000 ... 280.0 4,000
354.9 39,039 ... 279.0 4,900
355.0 12,000 ... 259.7 100
359.9 43,547 ... 250.0 500
360.0 3,000 ... 238.1 100
374.9 49,486 ... 166.7 10,000
375.0 500,000 ... 99.0 100
399.9 57,185 ... 10.0 100
400.0 20,000 ... 1.0 10,000
899.9 138,584
900.0 2,800
1,000.0 1,000

Doesn't really matter what price unfilled buy orders have, as long as _sell_ orders in the 325-330 range get fully realized. And currently, they do. In other words, as long as sellers can get the price they want, there's no reason for them to sell any cheaper.

Nice 1st post ! Another alt ?

mmm.... "Jammy bank arrow" sound cool !

If you look at todays volume which is currently approaching 8M and then look at the open SELL orders you will see that if people dont panic and try for a quick sell by pointing down there is the POTENTIAL for the L$ to get as far as 310/1 within the next 24 hours.


The key point is, sellers need to hold firm... there is a CHANCE for a sharp increase in the comming days.

This data is not from the LindeX, go repost using the Lindex data and you will find a completely different story.

If you want to fix your US$ income, the task should involve a simple scaling of your prices as the value of the $L changes. It is not that difficult of a concept. Having your price point change is supposed to make you lose money unless you made a mistake in setting a price. Change your prices, and you should make the same amount of US$ money if the supply and demand situation for your product have not changed (it is impossable for them not to change). If you can't make money in the way you used to, then your business needs to be fixed. The problem isn't that money is the wrong value. Money doesn't work that way. Money is the right value automatically by adjusting itself to what it can buy, which is always changing as well.

Currency never sets in at a price just because one person believes it should sit there. Look at all the countries that fix their currencies to the US$. Everyone knows these currencies are never worth what the bank claims they are. All it does is set up a system businesses can make extra money on or lose extra money on depending on if they exploit or fall victim to the discrepancy.

Rob,
While this may seem easy in theory, the actual task of changing prices every other day on everything you have for sale (we have over 200 items) is nothing less than dauntless. I haven't seen a client/server vendor that does this automatically. if you know of one, let me know!

Peace,
-Hunter

Vendex.

Thanks, I'll check it out!