Second Life Forums Archive

Alby Yellowknife

Sic Semper Tyrannis

Join date: 5 Jun 2004

Posts: 1,148

11-30-2004 07:35

Anybody a currency trader on GOM?

What I mean is, do you just buy/sell Linden Dollars for profit and aren't really buying L$ for use in SL.

Surina Skallagrimson

Queen of Amazon Nations

Join date: 19 Jun 2003

Posts: 941

11-30-2004 08:13

Yes, there are people that do this.

_____________________

--------------------------------------------------------
Surina Skallagrimson
Queen of Amazon Nation
Rizal Sports Mentor

--------------------------------------------------------
Philip Linden: "we are not in the game business."
Adam Savage: "I reject your reality and substitue my own."

blaze Spinnaker

1/2 Serious

Join date: 12 Aug 2004

Posts: 5,898

11-30-2004 08:59

Check out the forums on the gamingopenmarket.com

_____________________

Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds :

"User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches."

Apotheus Silverman

I write code.

Join date: 17 Nov 2003

Posts: 416

11-30-2004 10:11

I was for awhile a few months ago. Not enough fluidity yet for my taste.

_____________________

Apotheus Silverman
Shop SL on the web - SLExchange.com

Visit Abbotts Aerodrome for gobs of flying fun.

Alby Yellowknife

Sic Semper Tyrannis

Join date: 5 Jun 2004

Posts: 1,148

11-30-2004 14:30

Is the spread wasn't so large, it might be easier to trade the market.

Catherine Cotton

Tis Elfin

Join date: 2 Apr 2003

Posts: 3,001

11-30-2004 14:31

right now oh hell no the L$ is in the toilet.

_____________________

Siggy Romulus

DILLIGAF

Join date: 22 Sep 2003

Posts: 5,711

11-30-2004 17:55

From: Catherine Cotton

right now oh hell no the L$ is in the toilet.

And IGE Wheeling has suddenly slid down the leaderboard (strokes beard) hmmmm...

And as Led Zepplin once sang : "And it makes me wonder........"

Siggy.

_____________________

The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals.

From: Jesse Linden

I, for one, am highly un-helped by this thread

Alby Yellowknife

Sic Semper Tyrannis

Join date: 5 Jun 2004

Posts: 1,148

11-30-2004 19:45

From: Catherine Cotton

right now oh hell no the L$ is in the toilet.

Well toilet or not, the value the L$ wouldn't matter in a trading pit. The interesting thing would to see 2 different virtual currencies trading against each other. (ie: SLL/TBUX or SLL/TSO). Shifting currencies between other currencies.

Maybe in the future..

Catherine Cotton

Tis Elfin

Join date: 2 Apr 2003

Posts: 3,001

11-30-2004 21:46

please pick something besides tso that game has gotton so boring I finaly deleted my account i got tried of watching it die a slow painful death. LOL

_____________________

Alby Yellowknife

Sic Semper Tyrannis

Join date: 5 Jun 2004

Posts: 1,148

12-01-2004 05:40

From: Catherine Cotton

please pick something besides tso that game has gotton so boring I finaly deleted my account i got tried of watching it die a slow painful death. LOL

I never liked TSO because I hated spending all my time feeding, bathing, etc, and the settings would never last any time. I didn't feel like watching myself play chess 24/7..

Surina Skallagrimson

Queen of Amazon Nations

Join date: 19 Jun 2003

Posts: 941

12-01-2004 05:54

From: Alby Yellowknife

Is the spread wasn't so large, it might be easier to trade the market.

The spread has to be greater than the commision rate for day trading to work, it has been at, or lower than, this for quite a while now...

_____________________

--------------------------------------------------------
Surina Skallagrimson
Queen of Amazon Nation
Rizal Sports Mentor

--------------------------------------------------------
Philip Linden: "we are not in the game business."
Adam Savage: "I reject your reality and substitue my own."

Alby Yellowknife

Sic Semper Tyrannis

Join date: 5 Jun 2004

Posts: 1,148

12-01-2004 09:39

From: Surina Skallagrimson

The spread has to be greater than the commision rate for day trading to work, it has been at, or lower than, this for quite a while now...

GOM is not trader friendly. They charge a 3% commission to the seller. So for instance, if I bought L$100,000 Linden dollars @ US$4.00, it would cost me US$400.00. I would then need to sell that L$100,000 pot for US$4.13/block to just about break even.

Example:
======
Buy: 100/blocks @ L$4.00 = US$400.00
Sell: 100/blocks @ L$4.13 = US$413.00
Comm: US$413.00 x .03 = US$12.39
----------------------------------------------
Profit Less Commissions: US$0.61/cents

Since GOM charges 3% on sales, it makes its very nearly impossible to daytrade in the short term the Linden Dollar. Although GOM is 100x better than IGE, it still could use some improvement.

Welcome to the Second Life Forums Archive

The GOM Trader

The GOM Trader
Alby Yellowknife Sic Semper Tyrannis Join date: 5 Jun 2004 Posts: 1,148	11-30-2004 07:35 Anybody a currency trader on GOM? What I mean is, do you just buy/sell Linden Dollars for profit and aren't really buying L$ for use in SL.
Surina Skallagrimson Queen of Amazon Nations Join date: 19 Jun 2003 Posts: 941	11-30-2004 08:13 Yes, there are people that do this. _____________________ -------------------------------------------------------- Surina Skallagrimson Queen of Amazon Nation Rizal Sports Mentor -------------------------------------------------------- Philip Linden: "we are not in the game business." Adam Savage: "I reject your reality and substitue my own."
blaze Spinnaker 1/2 Serious Join date: 12 Aug 2004 Posts: 5,898	11-30-2004 08:59 Check out the forums on the gamingopenmarket.com _____________________ Taken from The last paragraph on pg. 16 of Cory Ondrejka's paper "Changing Realities: User Creation, Communication, and Innovation in Digital Worlds : "User-created content takes the idea of leveraging player opinions a step further by allowing them to effectively prototype new ideas and features. Developers can then measure which new concepts most improve the products and incorporate them into the game in future patches."
Apotheus Silverman I write code. Join date: 17 Nov 2003 Posts: 416	11-30-2004 10:11 I was for awhile a few months ago. Not enough fluidity yet for my taste. _____________________ Apotheus Silverman Shop SL on the web - SLExchange.com Visit Abbotts Aerodrome for gobs of flying fun.
Alby Yellowknife Sic Semper Tyrannis Join date: 5 Jun 2004 Posts: 1,148	11-30-2004 14:30 Is the spread wasn't so large, it might be easier to trade the market.
Catherine Cotton Tis Elfin Join date: 2 Apr 2003 Posts: 3,001	11-30-2004 14:31 right now oh hell no the L$ is in the toilet. _____________________
Siggy Romulus DILLIGAF Join date: 22 Sep 2003 Posts: 5,711	11-30-2004 17:55 From: Catherine Cotton right now oh hell no the L$ is in the toilet. And IGE Wheeling has suddenly slid down the leaderboard (strokes beard) hmmmm... And as Led Zepplin once sang : "And it makes me wonder........" Siggy. _____________________ The Second Life forums are living proof as to why it's illegal for people to have sex with farm animals. From: Jesse Linden I, for one, am highly un-helped by this thread
Alby Yellowknife Sic Semper Tyrannis Join date: 5 Jun 2004 Posts: 1,148	11-30-2004 19:45 From: Catherine Cotton right now oh hell no the L$ is in the toilet. Well toilet or not, the value the L$ wouldn't matter in a trading pit. The interesting thing would to see 2 different virtual currencies trading against each other. (ie: SLL/TBUX or SLL/TSO). Shifting currencies between other currencies. Maybe in the future..
Catherine Cotton Tis Elfin Join date: 2 Apr 2003 Posts: 3,001	11-30-2004 21:46 please pick something besides tso that game has gotton so boring I finaly deleted my account i got tried of watching it die a slow painful death. LOL _____________________
Alby Yellowknife Sic Semper Tyrannis Join date: 5 Jun 2004 Posts: 1,148	12-01-2004 05:40 From: Catherine Cotton please pick something besides tso that game has gotton so boring I finaly deleted my account i got tried of watching it die a slow painful death. LOL I never liked TSO because I hated spending all my time feeding, bathing, etc, and the settings would never last any time. I didn't feel like watching myself play chess 24/7..
Surina Skallagrimson Queen of Amazon Nations Join date: 19 Jun 2003 Posts: 941	12-01-2004 05:54 From: Alby Yellowknife Is the spread wasn't so large, it might be easier to trade the market. The spread has to be greater than the commision rate for day trading to work, it has been at, or lower than, this for quite a while now... _____________________ -------------------------------------------------------- Surina Skallagrimson Queen of Amazon Nation Rizal Sports Mentor -------------------------------------------------------- Philip Linden: "we are not in the game business." Adam Savage: "I reject your reality and substitue my own."
Alby Yellowknife Sic Semper Tyrannis Join date: 5 Jun 2004 Posts: 1,148	12-01-2004 09:39 From: Surina Skallagrimson The spread has to be greater than the commision rate for day trading to work, it has been at, or lower than, this for quite a while now... GOM is not trader friendly. They charge a 3% commission to the seller. So for instance, if I bought L$100,000 Linden dollars @ US$4.00, it would cost me US$400.00. I would then need to sell that L$100,000 pot for US$4.13/block to just about break even. Example: ====== Buy: 100/blocks @ L$4.00 = US$400.00 Sell: 100/blocks @ L$4.13 = US$413.00 Comm: US$413.00 x .03 = US$12.39 ---------------------------------------------- Profit Less Commissions: US$0.61/cents Since GOM charges 3% on sales, it makes its very nearly impossible to daytrade in the short term the Linden Dollar. Although GOM is 100x better than IGE, it still could use some improvement.