Second Life Forums Archive - Lindens are a little weak lately

Uvas Umarov

Phone Weasel Advocate

Join date: 8 Feb 2007

Posts: 622

06-11-2007 08:19

I've been trading lindens for awhile now and its been very stable for the last 2 months, like clockwork.

But in th last week or so, the linden is dropping in value a little and the spread is closing up. Its getting hard to make any money for a small player like me

Any ideas on why the value of the linden might be dropping?

_____________________

"On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings

Colette Meiji

Registered User

Join date: 25 Mar 2005

Posts: 15,556

06-11-2007 08:57

From: Uvas Umarov

I've been trading lindens for awhile now and its been very stable for the last 2 months, like clockwork.

But in th last week or so, the linden is dropping in value a little and the spread is closing up. Its getting hard to make any money for a small player like me

Any ideas on why the value of the linden might be dropping?

Spending has been down for the last several months.

Uvas Umarov

Phone Weasel Advocate

Join date: 8 Feb 2007

Posts: 622

06-11-2007 08:59

Could be a sign that the big rush of sign ups is over...

_____________________

"On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings

Usagi Musashi

UM ™®

Join date: 24 Oct 2004

Posts: 6,083

06-11-2007 08:59

selling is still 277L per $1 US Dollar

buying is still 266l per $1 US Dollar $4.06 to be correct

Brenda Connolly

Un United Avatar

Join date: 10 Jan 2007

Posts: 25,000

06-11-2007 09:01

From: Colette Meiji

Spending has been down for the last several months.

Can't spend when you can't log in, or TP to shops, or rez the vendors, or buy Lindens, or are a free account who won't buy Lindens or have bought everything in sight already, or.....

_____________________

Don't you ever try to look behind my eyes. You don't want to know what they have seen.

http://brenda-connolly.blogspot.com

Uvas Umarov

Phone Weasel Advocate

Join date: 8 Feb 2007

Posts: 622

06-11-2007 09:01

It hasnt gotten above 276 for six days in a row now...

_____________________

"On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings

Raudf Fox

(ra-ow-th)

Join date: 25 Feb 2005

Posts: 5,119

06-11-2007 09:11

From: Brenda Connolly

Can't spend when you can't log in, or TP to shops, or rez the vendors, or buy Lindens, or are a free account who won't buy Lindens or have bought everything in sight already, or.....

Let's not forget the new exchange fees for many US residents. And the fact that there is seems to be a new policy that seems to affect even those of us who are premium that if we change our payment info, we have a good chance of winding up a 1 day old account trading limit, until we buy L or a premium renewal (and wait 14 days after that for the account to 'reset' to a normal trade limit)... And that's if we can get our payment info to change, or our banks to not block payments TO Linden Labs.

The reason the L is weak is because it's become a bigger hassle to use the LindeX overall.

I recommend SLExchange's site now. Much more user friendly.

_____________________

DiamonX Studios, the place of the Victorian Times series of gowns and dresses - Located at http://slurl.com/secondlife/Fushida/224/176

Want more attachment points for your avatar's wearing pleasure? Then please vote for

https://jira.secondlife.com/browse/VWR-1065?

Uvas Umarov

Phone Weasel Advocate

Join date: 8 Feb 2007

Posts: 622

06-11-2007 09:12

err...

new exchange fees?

I haven't noticed.

Are they for cashing out, I haven't done that in a while.

_____________________

"On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings

Zaphod Kotobide

zOMGWTFPME!

Join date: 19 Oct 2006

Posts: 2,087

06-11-2007 09:15

Foreign transaction fees, started when LL moved their payment processor overseas

From: Uvas Umarov

err...

new exchange fees?

I haven't noticed.

Are they for cashing out, I haven't done that in a while.

_____________________

From: Albert Einstein

Problems cannot be solved at the same level of awareness that created them.

Raudf Fox

(ra-ow-th)

Join date: 25 Feb 2005

Posts: 5,119

06-11-2007 09:23

From: Uvas Umarov

err...

new exchange fees?

I haven't noticed.

Are they for cashing out, I haven't done that in a while.

I'm not sure.. you see, I haven't used my credit card to pay the premium or the tier. But from what I've been reading here, a lot of US users are having to pay an exchange rate fee from their banks because Linden Labs moved their own bank to Britain. I don't think this is for cashing out since that can only be done via a check or Paypal. So, I'm thinking it's due to the user's bank having to convert the payment to Linden's bank into that bank's currency when making a payment TO Linden Labs. JD Linden posted about it on the blog, saying it's not LL's fault for the fees. But that is a whole other discussion.

But that blog post alone is enough to discourage me from wanting to use my CC for anything to do with Linden Labs. I don't know if my bank would charge the fee or not, but I'd rather not have to pay it.

_____________________

DiamonX Studios, the place of the Victorian Times series of gowns and dresses - Located at http://slurl.com/secondlife/Fushida/224/176

Want more attachment points for your avatar's wearing pleasure? Then please vote for

https://jira.secondlife.com/browse/VWR-1065?

Uvas Umarov

Phone Weasel Advocate

Join date: 8 Feb 2007

Posts: 622

06-11-2007 09:26

Oh I gotcha

I haven't put any money in in awhile, the trading game has been good to me.

Up until lately that is...

_____________________

"On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings

Lindens are a little weak lately
Uvas Umarov Phone Weasel Advocate Join date: 8 Feb 2007 Posts: 622	06-11-2007 08:19 I've been trading lindens for awhile now and its been very stable for the last 2 months, like clockwork. But in th last week or so, the linden is dropping in value a little and the spread is closing up. Its getting hard to make any money for a small player like me Any ideas on why the value of the linden might be dropping? _____________________ "On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings
Colette Meiji Registered User Join date: 25 Mar 2005 Posts: 15,556	06-11-2007 08:57 From: Uvas Umarov I've been trading lindens for awhile now and its been very stable for the last 2 months, like clockwork. But in th last week or so, the linden is dropping in value a little and the spread is closing up. Its getting hard to make any money for a small player like me Any ideas on why the value of the linden might be dropping? Spending has been down for the last several months.
Uvas Umarov Phone Weasel Advocate Join date: 8 Feb 2007 Posts: 622	06-11-2007 08:59 Could be a sign that the big rush of sign ups is over... _____________________ "On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings
Usagi Musashi UM ™® Join date: 24 Oct 2004 Posts: 6,083	06-11-2007 08:59 selling is still 277L per $1 US Dollar buying is still 266l per $1 US Dollar $4.06 to be correct
Brenda Connolly Un United Avatar Join date: 10 Jan 2007 Posts: 25,000	06-11-2007 09:01 From: Colette Meiji Spending has been down for the last several months. Can't spend when you can't log in, or TP to shops, or rez the vendors, or buy Lindens, or are a free account who won't buy Lindens or have bought everything in sight already, or..... _____________________ Don't you ever try to look behind my eyes. You don't want to know what they have seen. http://brenda-connolly.blogspot.com
Uvas Umarov Phone Weasel Advocate Join date: 8 Feb 2007 Posts: 622	06-11-2007 09:01 It hasnt gotten above 276 for six days in a row now... _____________________ "On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings
Raudf Fox (ra-ow-th) Join date: 25 Feb 2005 Posts: 5,119	06-11-2007 09:11 From: Brenda Connolly Can't spend when you can't log in, or TP to shops, or rez the vendors, or buy Lindens, or are a free account who won't buy Lindens or have bought everything in sight already, or..... Let's not forget the new exchange fees for many US residents. And the fact that there is seems to be a new policy that seems to affect even those of us who are premium that if we change our payment info, we have a good chance of winding up a 1 day old account trading limit, until we buy L or a premium renewal (and wait 14 days after that for the account to 'reset' to a normal trade limit)... And that's if we can get our payment info to change, or our banks to not block payments TO Linden Labs. The reason the L is weak is because it's become a bigger hassle to use the LindeX overall. I recommend SLExchange's site now. Much more user friendly. _____________________ DiamonX Studios, the place of the Victorian Times series of gowns and dresses - Located at http://slurl.com/secondlife/Fushida/224/176 Want more attachment points for your avatar's wearing pleasure? Then please vote for https://jira.secondlife.com/browse/VWR-1065?
Uvas Umarov Phone Weasel Advocate Join date: 8 Feb 2007 Posts: 622	06-11-2007 09:12 err... new exchange fees? I haven't noticed. Are they for cashing out, I haven't done that in a while. _____________________ "On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings
Zaphod Kotobide zOMGWTFPME! Join date: 19 Oct 2006 Posts: 2,087	06-11-2007 09:15 Foreign transaction fees, started when LL moved their payment processor overseas From: Uvas Umarov err... new exchange fees? I haven't noticed. Are they for cashing out, I haven't done that in a while. _____________________ From: Albert Einstein Problems cannot be solved at the same level of awareness that created them.
Raudf Fox (ra-ow-th) Join date: 25 Feb 2005 Posts: 5,119	06-11-2007 09:23 From: Uvas Umarov err... new exchange fees? I haven't noticed. Are they for cashing out, I haven't done that in a while. I'm not sure.. you see, I haven't used my credit card to pay the premium or the tier. But from what I've been reading here, a lot of US users are having to pay an exchange rate fee from their banks because Linden Labs moved their own bank to Britain. I don't think this is for cashing out since that can only be done via a check or Paypal. So, I'm thinking it's due to the user's bank having to convert the payment to Linden's bank into that bank's currency when making a payment TO Linden Labs. JD Linden posted about it on the blog, saying it's not LL's fault for the fees. But that is a whole other discussion. But that blog post alone is enough to discourage me from wanting to use my CC for anything to do with Linden Labs. I don't know if my bank would charge the fee or not, but I'd rather not have to pay it. _____________________ DiamonX Studios, the place of the Victorian Times series of gowns and dresses - Located at http://slurl.com/secondlife/Fushida/224/176 Want more attachment points for your avatar's wearing pleasure? Then please vote for https://jira.secondlife.com/browse/VWR-1065?
Uvas Umarov Phone Weasel Advocate Join date: 8 Feb 2007 Posts: 622	06-11-2007 09:26 Oh I gotcha I haven't put any money in in awhile, the trading game has been good to me. Up until lately that is... _____________________ "On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?" ---ginko bank owner on his financial dealings

Welcome to the Second Life Forums Archive

Lindens are a little weak lately