Andi Ghostaltar

Rya Nitely wrote: You are making a huge assumption here. I will be relying on SL income when I leave my rl job, which is only a few months away YAY!. So now, in this very small sample group of respondents you have two. SL is highly dependent on those who are prepared to take this risk. I don't believe it would survive without them. The very best and most popular products are made by those who create full time. We all know how much time and effort goes into creating. It's hardly possible to also commit to an rl job at the same time. This is why I'm leaving mine, because they have put up with me for years, and the only reason I'm still there is because they can't sack me. SL put me on a downward spiral in my rl job. I couldn't commit to both. Well, this doesn't really have much to do with the subject except that, yes there are many people who rely on this income and have to sell Id say its more of a generalization than assumption. I do beleive only a fraction of the userbase make a living here on sl, and it is risky. There are many stories of catastrophic failures as well as huge successes. I must congratulate you on your bold move. I know most of us here would love to make a full time income on sl and quit the boring old daily grind of rl work. It goes to show that if you love what youre doing and take it seriously (and have skills) sl can be an awesome place to make money.

Im not asking ppl to form a pact or any other kind of joint venture, im hoping i can spur ppl to look at the market a little better, maybe think abit more about the way ones decisions affect not only ourselves but the economy as a whole. But, it looks like someones hearing our ranting lol theres been quite a big drop at 257. Its definitley heading in the right direction now, hope it holds out. Isnt that funny hehe

I understand that its made up with multiple sellers. I just say order for simplicity, maybe I shiuld be more precise lol It may seem like the best price because they are all causing it to stagnate, they dont seem to see that if everyone places at 257 the value will keep dropping because everyone else will have to sell even cheaper to fill thier order quicker or stay stuck at the back of the que. But hey, im no expert. Part of the problem as I see it is that we are all humans and as humans we tend not to think of what benefits the whole long term rather we think of the short term benefits for the individual (rl and sl). I officialy give up caring lol Thank you all for the comments, its been very interesting to hear your thoughts.

Ive been looking at the market closley for the last few days. Its a joke. We will never kno for sure but the huge order at 257 looks like its been strategically placed. Where is this huge volume coming from? I watched it drop by 20mil over a day, then boom! 20mil placed back on. This has been consistant over atleast the last week. Why is it not placed on 255 or 254? Or spread across the board? If it was at 254 the orders infront would easily get filled and the price would be 254. So why so much volume at 257? In my opinion the ONLY reason the price isnt getting better is this strange huge volume at 257,it dont make sense. At the rate its going that order will never get filled because its being perpetuated. It will be interesting to see at whwt point that order starts to move.

I hear what you're saying. But the amount of people who rely on sl as a full time income and to pay bills is very small. Relying soley on sl for income is a huge risk seeing as its user base is declining. Thats even more reason to take steps to help the market recover. For most sl is only one income stream, and if people keep undercutting, you will have to wait for your order to fill anyway. So Id encourage people to take a small delay in cashing out so that the market can stablise and you earn more in the long run. The cheaper you sell lindens the harder you have to work at the end of the day. But you are right tho, its just to complex to bother thinking about lol might as well sell at anyprice

Just took a look at the market. There is nearly 100,000,000 on 257 and 10,000,000 on 258 and rising. People are placeing their L's at 258 - 260 coz they see that huge number at 257. There is about 30,000,000 between 256 and 250. We need to hold back so we can start burning through the lot at 257. Once we get past that hill, we should see it get back towards 250 pretty quick if people are patient. But, it looks like we are in for another spike as 258 gets more sell orders. Why is everyone placing on 257 when there is only 30,000,000 between 256 and 250? That order will never get filled and the value will drop even more. Its looking like it will go back up to 260-264 in the coming days/weeks and those at 257 will still have to wait longer. Wouldnt it make more sense to cancel your sell orders at 257 and place them on 250? That way we ave more chance of seeing a value increase faster? Not looking good. Im no expert at this so any info you can sare would be awesome.

Sorry, my title may be a bit confusing. I'm talking about linden sellers on the linden exchange rather than marketplace sellers (one in the same really). I know about supply and demand, but the way people are selling lindens is damaging the echange. In the real world if this kind of trading was happing on the same level the worlds econmy would crash. I'm sure the only reason it hasnt colapsed on sl is because Linden labs props it up from time to time, much like the govenments of rl. Sorry for the confusing title

Thanks for the comments peeps! I hear what your saying. This is how I see the population of sl... Long time residents who work for their L's Long time residents that don't know how to make L's so have to buy Short term residents or "tourists" who may buy a few L's but more likley not to This means that most of our economy is resting on the shoulders of long time residents. Most creators/sellers dont buy or spend L's regulary as they want to grow there pot. Shorttime residents are just checking things out and having a go and might like it, might not, so their spending is limited if at all. So its kinda left mainly to longtime regular residents who buy L's. A problem occurs. If sl isnt growing new longtime residents that cant make L's so have to buy, then the economy is relying on a small pool of long time residents who by now have a huge inventory and spend less because of it. Then selling your lindens takes forever so you try to undecut the price so you sell faster, because any money is better than no money. If the price dropped from say 260 to 250, the buyer wouldn't really feel it because they buy in smaller quantities. But for people selling in millions or 100's of thousands it would make a big difference. I like SL a lot, but I think it need overhauling to bring it more upto date and be more in line with todays software and design. Do any of you feel like its a bit dated now? Sorry for the long comment lol

Hey all! I've been on sl for a long time now, and its getting really frustrating how some linden sellers are devaluing lindens. STOP SELLING YOUR LINDENS CHEAP! If everyone listened to what I just said we would ALL get a better price for our hard work and receive the money fast. At the time of writing this lindens are at 261 to the dollar, thats rediculous! Why are you selling so cheap? I know you want your lindens fast, but if everyone did what you are doing eventually the prie of lindens will plumet to 1linden to the dollar lol. STOP LISTENING TO NONSENSE BLOG POSTS! The problem may lie in the fact that most of you dont know how the market works, but its probably more likely that you are impatient and dont care how much you earn. Well, I do care how much I earn and I also want my money fast. I also want everyone to make a better income. The only way we can do this is if we all look at the market properly. STOP TRYING TO UNDERCUT. you're just damaging yourself. Everytime someone undercuts, the price of lindens gets worse, so why do it? Please, if you are thinking of selling lindens, sell at 248-250 lindens to the dollar. If everyone did this the value of L's will be more stable. If you dont listen, then you will completly kill the market, and It wont be worth anyones time to make products. Once again, please sto undercutting to get your money faster, its a terrible strategy. Phew, rant over! p.s. sorry for any spelling or gramatical errors