So we could buy it. But we can’t hold it…
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we have. but if you throw 18 in, 28 will come out in 10minutes. you need to fend off a wave of accumulated selling pressure to hold a peg. i guess that means 100btc or more. even flot has the monwy it’s better to do this when btc is fallling.
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btc price takes a dip
as of Mon Jun 13 15:56:35 UTC 2016
Last price, highestBid, lowestAsk
Bitfinex BTC 687.01 688.0700000000001 688.63
ALP price feed “btc”: [687.0, 0.0014556]
Polo nbt 0.00043001 0.00044080 0.00043002
Polo nbt 2325.53 2268.6 2325.47 ***ratio to feed price 3.38505 3.30219 3.3849
polo tether 673.00000000 673.15039999 677.72677509
nbt price basically unchanged
on polo 23btc (29k nbt) is needed to bring the peg to $1 – more selling?
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People need to think about the inevitable. A crash in bitcoin price.
PS: 85% of the buying comes from China because some people want to hedge against the devaluation of the Yuan compared to the US dollar.
Reminds me of when the Chinese gov started to impose drastic rules on bitcoin trading in Dec 2013 and then you know what happened next.
Chances are that more than 50% of the mining happens in China. So maybe China no longer has an incentive to crackdown? They control it anyway.
as of Tue Jun 14 14:02:13 UTC 2016
Last price, highestBid, lowestAsk
Bitfinex BTC 687.15 687.14 687.15
ALP price feed “btc”: [687.15, 0.00145529]
Polo nbt 0.00038745 0.00038689 0.00037875
Polo nbt 2580.98 2584.71 2640.26 ***ratio to feed price 3.75606 3.7615 3.84234
polo tether 683.73000000 679.00000010 683.73000000
on polo 23btc (31k nbt) is needed to bring the peg to $1
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as of Wed Jun 15 05:07:31 UTC 2016
Last price, highestBid, lowestAsk
Bitfinex BTC 679.09 678.71 678.96
ALP price feed “btc”: [679.1, 0.00147254]
Polo nbt 0.00047068 0.00047545 0.00047068
Polo nbt 2124.59 2103.27 2124.59 ***ratio to feed price 3.12853 3.09714 3.12853
polo tether 670.48025308 670.48025307 670.48025308
SouthXchange 2500.11360000 2068.29610000 2089.18800000
On polo 21btc (26k nbt) is needed to bring the peg to $1.
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as of Wed Jun 15 15:47:15 UTC 2016
Last price, highestBid, lowestAsk
Bitfinex BTC 688.08 688.08 688.1
ALP price feed “btc”: [688.08, 0.00145332]
Polo nbt 0.00049920 0.00049835 0.00047407
Polo nbt 2003.21 2006.62 2109.39 ***ratio to feed price 2.9113 2.91626 3.06562
polo tether 682.74748828 680.55556184 682.74748828
SouthXchange 1963.54320000 1969.55250000 1989.44700000
On polo 20btc (26k nbt) is needed to bring the peg to $1.
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as of Fri Jun 17 06:27:22 UTC 2016
Last price, highestBid, lowestAsk
Bitfinex BTC 734.99 734.99 735.0
ALP price feed “btc”: [734.99, 0.00136056]
Polo nbt 0.00038256 0.00039322 0.00038422
Polo nbt 2613.97 2543.11 2602.68 ## ratio to feed price 3.56 3.46 3.54
polo tether 714.00000000 716.00000004 724.93839997
SouthXchange 2400.58950000 2555.99140000 2581.55130000’
On polo 21btc (27k nbt) is needed to bring the peg to $1.
it s not much.
This is only what’s on the books.
You don’t know how many NBT get dumped if the price is going to be pumped by e.g. Nu buying NBT.
True but at the same time I believe not every nbt of the 700k outstanding or so nbt will get dumped .
In any case we should stick first to the standard and sell NSRs accordingly and see what happens I believe.
as of Sat Jun 18 03:10:32 UTC 2016
Last price, highestBid, lowestAsk
Bitfinex BTC 734.13 734.13 734.2
ALP price feed “btc”: [734.91, 0.00136071]
Polo nbt 0.00036505 0.00036397 0.00035457
Polo nbt 2739.35 2747.48 2820.32 ## ratio to feed price 3.73 3.74 3.84
polo tether 739.00000000 732.97899998 738.99999985
SouthXchange 2400.58950000 2698.21610000 2725.47080000
On polo 13btc (23k nbt) is needed to bring the peg to $1.
less btc are being dumped. at lower average price in btc
1 Like
as of Sat Jun 18 16:17:25 UTC 2016
Last price, highestBid, lowestAsk
Bitfinex BTC 772.02 772.23 773.01
ALP price feed “btc”: [775.31, 0.00128981]
Polo nbt 0.00032572 0.00032688 0.00032572
Polo nbt 3070.12 3059.23 3070.12 ## ratio to feed price 3.96 3.95 3.96
polo tether 765.00000002 763.39200001 765.00000002
SouthXchange 2900.00000000 3024.94830000 3055.19780000
On polo 15.7btc (22k nbt) is needed to bring the peg to $1.
as of Sun Jun 19 23:19:02 UTC 2016
Last price, highestBid, lowestAsk
Bitfinex BTC 767.51 766.52 767.5599999999999
ALP price feed “btc”: [767.5, 0.00130293]
Polo nbt 0.00036587 0.00038579 0.00036586
Polo nbt 2733.21 2592.08 2733.29 ## ratio to feed price 3.56 3.38 3.56
polo tether 764.99000000 761.60000000 764.99000000
On polo 16btc (23k nbt) is needed to bring the peg to $1.
as of Tue Jun 21 15:36:56 UTC 2016
Last price, highestBid, lowestAsk
Bitfinex BTC 671.0599999999999 671.09 671.35
ALP price feed “btc”: [671.23, 0.0014898]
Polo nbt 0.00036992 0.00036992 0.00036990
Polo nbt 2703.29 2703.29 2703.43 ## ratio to feed price 4.03 4.03 4.03
polo tether 670.12000521 670.12000521 676.49999480
SouthXchange 4516.49000000 2655.87400000 2682.70100000
On polo 23btc (32k nbt) is needed to bring the peg to $1.
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A bit off topic. Shouldn t we put a part of Nu s btc into NuSafe? Btc is dropping.
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Hard to say. I am not against NuSafe but I guess the question is how much we want to put in nusafe – what is our short and mid-term expenditure plan?
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Not sure about these statements. How do you know? Do you feel comfortable with it, I wouldn’t. Only T1 is visible on Poloniex. I have NBT on Poloniex which are not on the books, others might also be waiting. I will probably use them for the next NSR auction, many won’t.
We have no idea and every week NBT are being unparked.
You go to the order book and look at the sell side. Count how many nbt or btc there are in orders that are selling nbt below Nu price feed price. You need what i reported that many BTC to clear those sell orders (of that many NBT) , for a fraction of a second maybe before new under-cutting orders are placed, still you did it. You get the latest buy price to the 0% spread peg level. It’s a fact.