Supply Demand model vs the Impatient Idiots Model

What model accurately describes the decline of the L$?

This poll is public to help many people decide who to put on ignore for lack of intellectual rigour.

Ok, put me on your ignore list.

very strange indeed seems like some would like to see the market go down by posting to sell at 335 and 336 then selling now at 347 or 348 when there is really only a tiny difference in the amount of us $ they will get. buy placing a sell order at 335 then selling now at 347 or 348.

i would go further and say any one selling on Tuesday unless you "have to " to make tier or are day trading is just selling them selves short.

i'm putting ingrid on my ignore list first.

This mentioned Pie. I had to vote!

MM

I think this past weekend's HUGE increase in $L value is a perfect example of how this is DEFINITELY a supply & demand model of economics. The demand greatly increased during the weekend, with more people playing the game and wanting to buy stuff, so a lot more $L was demanded, bought, and its value was brought up.

I think this past weekend's HUGE increase in $L value is a perfect example of how this is DEFINITELY an impatient idiots model of economics. The vaue of $L greatly increased because there weren't as many people willing to sell right away, knowing that the market will be able to handle them. By being patient and not undercutting others, the value of $L was brought up. Then loosing patience this morning and undercutting each other for stupid $6,000 or so orders, they brought the value back down to where it was before.

undercutting competition for an equivalent product is the best way to make the sale in a free and open market. undercutting improves efficiency and stablizes the exchange rate.

Let's see....today is welfare day....and the exchange rate is down...but over the past week it went up, up, down, down, down, down, down.....

Sounds balanced to me - people running out of money just in time for next week's paycheck.....

so i guess those who support the "impatient idiot" theory must be buying up L$ like no tomorrow since clearly it will rebound for huge profits!

unless of course the real problem is that everyone is lined up at the Lindex Sell Station to cash out their surplus of L$ and just can't compete with the bargain prices.

Looking at the market, it looks like the Line up on the Sell side is really crowded and the Buyers are lonely....

Well after today I would say Impatient Morons because it started off at 320 early in the morning and then the impatient ones came on and sold it up to 336 or so. Now they lost out because its down to 328.

you know it's a good thing for a lot of us here that the majority of SL players don't visit the forum. then the forums would be decrying the impatient morons who bought there L$ too low and ruined it for everyone else.

i figured it out though. there is an energy crisis. people are selling L$ to buy USD to buy CAD to buy uranium and oil. it has nothing to do with supply demand and everything to do with impatient morons buying energy on the foreign market.

Mostly number one with a little number two.

Phewwww! Someone forgot to flush!

Ok, here is another lesson in patience. Lets take today's action on the LindeX as a starting point. You want to sell L$2,000,000 in the LindeX at L$320/1 and you are next in the queue to sell at that rate. Before your first sale someone jumps in and posts an offer at L$321/1. All the screaming I hear is about people out bidding each other to be the first to sell. You as the patient seller want all that volatility and here is why. If the USD volume is going to be $30,000 that day and there are going to be 8,000,000 new L$ posted, you don't want all 8,000,000 posted at L$321/1 because that would take out $24,922 and leave you with $5,078. No, you want that 8,000,000 posted at an average of say L$330/1 and take out $24,242 leaving you with $5,758. That is almost $700 more for you. You still haven't sold all 2,000,000 L$ but you sold a lot more that you would have if nobody panicked. Panic is good.