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Uvas Umarov

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About Uvas Umarov

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  1. I currently use paypal to withdraw funds from SL. Is there a way to have money withdrawn directly to my bank account? I vaguely remember a check option or wire option...
  2. wherorangi wrote: Uvas Umarov wrote: As to devalueing the linden, we are seeing that happen right now. For the last several years, supply linden sold just enough lindens to keep up with the demand for them. Thats why you can see the straight line of the price graph. That is up until a few months ago when supply linden went bonkers and put in a **bleep**load of sell orders. We can know this is true because we can see the demand for lindens hasn't changed. It looks to me that supply linden has vastly curtailed its amount of sell orders from sometime yesterday.. If he keeps this up, order will return to the lindex. i just pick on this it may not be Supply Linden either. A lot of the discussion (me included) has been about what would be the reasoning of LL if it was Supply Linden. That the reasoning might make some limited sense, doesn't mean it is true that it is Supply Linden it may be that some resident started this plunge off just by using a trading program to short the L$. Even just for fun, just to see if they could, and maybe make some few hundred dollars out of. Or even to just end up with a stack of L$ so to have lots of inworld spending money. A stack they wouldn't have got otherwise it doesn't take a lot of money to create a short, given how people react to abrupt changes on trading exchanges it takes substantial money to make substantial money from a short. If the person is only in it for a few hundred dollars tho then not so much in this case then if the Lindex has settled then it may simply be that the resident (or now possibly residents) have been warned off by Enforcer Linden How in the world can you "short" lindens? A short is a derivitive contract where you promise to sell a stock at a certain price. On the Lindex, you can put in a buy order at a certain price, or you can put a sell order in at a certain price. There is no mechanism to allow "shorts". What could happen that a large stampede of residents decided to all sell at once. But this doesn't explain the facts. If it was a mad rush to sell your lindens, when you saw your price has been passed by, you would cancel your order and make another one at a cheaper price. What we do see is 400 million linden's worth of past by sell orders just sitting there. That is like 1.25 million dollars. Only supply linden wouldn't care what happend to 400 million linden sell orders because he just creates them out of nothing. he doesn't pay for them, so it doesn't matter to him if they just sit there.
  3. Are you kidding? When supply linden sells some lindens, what do you think people buy them with? Fake dollars? EVERY linden supply linden sells is 100% profit. They are created out of nothing and paid for with real money. As to devalueing the linden, we are seeing that happen right now. For the last several years, supply linden sold just enough lindens to keep up with the demand for them. Thats why you can see the straight line of the price graph. That is up until a few months ago when supply linden went bonkers and put in a **bleep**load of sell orders. We can know this is true because we can see the demand for lindens hasn't changed. It looks to me that supply linden has vastly curtailed its amount of sell orders from sometime yesterday.. If he keeps this up, order will return to the lindex.
  4. It definately is supply linden pushing down the price. Look at all the abandoned sell orders. Several hundred million L's worth of past by orders just sitting there. Nobody leaves that amount of money laying around. Here's what is happening: supply linden continually adds big sell orders. These orders stack up until the amount is so big that people get tired of waiting and start selling at 1 linden per dollar more. When enough people start doing this, supply linden notices that his orders aren't selling anymore, so he starts stacking up more big orders at the new price. When enough people get tired of waiting for new price, they jump up again another linden to get their lindens sold. Which makes supply linden notice his orders aren't selling again so he joins the next price, stacking up big orders, again. This has been going on for the last several months at an ever accelerating pace. Eventually the price of lindens went down so quickly that traders started getting burned. The prices changed too quickly for them to get a profit from their orders. So it now looks like they have mostly stepped to the side. And the market has completely broken down these last 2 days. Price touched 282 yesterday and touched 291 today. I think supply linden has finally stopped putting so many massive sell orders in, because they simply get passed over.
  5. Etheria Parrott wrote: I am hoarding my Lindens. I don't own a sim so I don't need to pay tier so I'm hoarding as much as I can to offset the 15USD process credit fee. Not everyone owns a sim. Other friends of mine are in the same position. I have just offered my hoard at 249. I don't care if I have to wait 6 months or more for the lindex to stabilize but it will sit there waiting until it does. Sell them fast. The price is dropping quickly now. If you hoard in lindens, you are losing value. After you sell you can accumulate dollars in your account until you have enough to process a withdrawal.
  6. It's good for people buying lindens...not so good for people selling lindens. The amount of people selling lindens is crushing the buyers, not even worth putting in a buy order if you are a linden trader. I am gonna sit this out for awhile. We can reach 300 this week by the looks of it.
  7. I had a little trouble getting an order in this morning. It cleared up after a few minutes/tries. Cheers
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