Backbone Reserve Operations (Tier 6)

[jooize]

2016–12–18

Minimum reserve is met.

533.1382 USD in BTC: 0.6767

NSR sold: 2819583.33333333
BTC acquired: 0.67500824

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–12–18 Logs

• https://github.com/NuTrading/Poloniex-jooize
• https://github.com/NuTrading/Poloniex-Gateway-jooize

[jooize]

2016–12–19

Minimum reserve is met.

533.1382 USD in BTC: 0.6734

NSR sold: 2927826.087
BTC acquired: 0.67337946

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–12–20

Minimum reserve is met.

533.1382 USD in BTC: 0.6745

NSR sold: 3065909.09090909
BTC acquired: 0.68163453

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–12–21

Circulation: 147,110.50
Reserve percentage: (50 - 147,110.50/80,000) / 100 = 0.4816111875
Equilibrium reserve: 0.4816111875 * 147,110.50 = 70,850.0625987188
Minimum reserve: 0.20 * 70,850.0625987188 = 14,170.0125197438
Current Tier 1–4 reserve: 17771.4940131 + 2524.80746219 + 2448.00 = 22,744.30147529
Move to equilibrium: 0.01 * (70,850.0625987188 - 22,744.30147529) = 481.0576112343

Minimum reserve is met.

Move to equilibrium in BTC: 0.5888
NSR sold: 2944000

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–12–22

Circulation: 147,110.50
Reserve percentage: (50 - 147,110.50/80,000) / 100 = 0.4816111875
Equilibrium reserve: 0.4816111875 * 147,110.50 = 70,850.0625987188
Minimum reserve: 0.20 * 70,850.0625987188 = 14,170.0125197438
Current Tier 1–4 reserve: 14159.32733077 + 2711.11486764 + 2586.81 = 19,457.25219841
Move to equilibrium: 0.01 * (70,850.0625987188 - 19,457.25219841) = 513.9281040031

Minimum reserve is met.

Move to equilibrium in BTC: 0.5960
NSR sold: 3973333.333

BTC Poloniex @jooize → Poloniex Gateway @jooize
7,394 US-NBT @jooize → Bittrex Gateway @jooize

[Nagalim]

So where did the $3k go? Reserve went down and circulation stayed the same.

[jooize]

I used the weekly calculation of money supply, but current T1–4 reserve.

[jooize]

2016–12–23

Move to equilibrium in BTC: 0.6328
NSR sold: 4520000

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–12–24

Move to equilibrium in BTC: 0.5288
NSR sold: 3525333.33333333

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–12–25

Move to equilibrium in BTC: 0.7548
NSR sold: 4440000

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–12–26

Move to equilibrium in BTC: 0.5746
NSR sold: 3591250

BTC Poloniex @jooize → Poloniex Gateway @jooize
11465 US-NBT Poloniex @jooize → @jooize

[jooize]

2016–12–27

Move to equilibrium in BTC: 0.5530
NSR sold: 3456250

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–12–28

Move to equilibrium in BTC: 0.5600
NSR sold: 4000000

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–12–29

Move to equilibrium in BTC: 0.5440
NSR sold: 3885714.28571428

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–12–30

Move to equilibrium in BTC: 0.5288
NSR sold: 3525333.33333333

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–12–31

Move to equilibrium in BTC: 0.4957
NSR sold: 3540714.28571428

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2017–01–01

Move to equilibrium in BTC: 0.4404
NSR sold: 2936000

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2017–01–02

Move to equilibrium in BTC: 0.46590
NSR sold: 3327857.14285714

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2017–01–03

Move to equilibrium in BTC: 0.45583
NSR sold: 3255928.57142857

BTC Poloniex @jooize → Poloniex Gateway @jooize