Prokofy Neva Posted October 4, 2019 Share Posted October 4, 2019 (edited) So here's a snapshot right now at 1:42 am SLT when I happened to look on the sell side: L$256 / US$1.00 L$13,265,205 L$255 / US$1.00 L$152,043,315 L$254 / US$1.00 L$89,471,050 L$253 / US$1.00 L$65,235,964 L$252 / US$1.00 L$72,354,579 I wouldn't remark on it, except that it has been at 254 and 255 for weeks, when it was at 253 for a good long time. It's strange given that you would think with Bellisaria homes selling like hotcakes (which means people would be buying to decorate them); with fall and Halloween (which get people to buy lots of decorations, costumes, etc.); with abandoned land being siphoned off more and more -- you would think the money supply would be tighter, i.e. more demand for Linden currency purchases and therefore a higher value for cash-out. Now, it could be that Supply Linden has flooded the markets, as he is wont to do, precisely to keep the purchasing Linden dollar cheaper for all those Bellisarians. But for it to be $13 million waiting behind at 256 seems unusual. Yes, I've seen situations like this clear up in hours, when some giant moves. Or the Lindens. But not always. It could be that some giant is failing and is trying to cash out, and isn't even very mindful that his giant footprint on the LindEx defeats his own value. Or we could see a worsening of the general problem of higher fees for cashouts, meaning that more and more funds wait longer to cash out (or conversely, more frequent, smaller cashouts without waiting for higher value?) Edited October 4, 2019 by Prokofy Neva 2 2 1 Link to comment Share on other sites More sharing options...
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