A breakout is currently underway in US NuBits. The price surged to 0.00139 BTC a few hours ago. Right now, the US NuBit price could be brought to $1 with a mere 8 Bitcoins. While more would be required to maintain $1 after that, we are close and making excellent progress toward restoring the peg. The value of US NuBit sell orders on Poloniex below $1 has ranged from 12 to 52 Bitcoins over the past two months, as I recall. In the last few hours that has broken out of the historical range to 8 Bitcoins.
The community has not been very effective at banding together in defense of the peg. We have here another excellent chance to do so. All it would take to restore the peg right now is one sizable investor to appear with BTC or several smaller investors doing the same. Alternatively, someone who is deep pocketed and is fond of holding some US-NBT for its stable value could just buy up the modest supply of US NuBits for under $1 and revalue them at $1, knowing that we will continue to aggressively support their value at $1.
Here is a smart way to make money, with considerable risk but outstanding return potential: Approach @jooize either here on the forum or by Bitmessage and propose to purchase a large number of NSR, perhaps 30 to 50 BTC worth would be enough. Liquidity operations will take that BTC and pump US-NBT. This alone may restore the peg, and with it, confidence. The NSR price revalues upward quickly and powerfully as it is revalued for a high likelihood of selling many additional NuBits. Several small investors could achieve the same effect.
The point is that if even a small amount of money wants to make this project a success, it will be a success. There is good reason to think a fantastic return might be had from a purchase of NuShares at the moment. Want to be a rich hero who proved stable decentralized currency can work? You have a real chance to do so right now. It doesn’t matter how many negative and disparaging viewpoints emerge on this forum. If sufficient funds are put up for NSR or even US-NBT, this effort will succeed.
Let’s have vision and work together people. We came here to prove that a stable decentralized currency is possible. Let’s see it through.
@masterOfDisaster would you consider being a hero of the peg by using part of the 13 shareholder BTC you have to buy US-NuBits up to $1.00 right now? It will only take 8 BTC to do so. I think this action would spur more optimism and quite possibly a pop in the NuShare price, which will in turn help us secure the peg.
The US-NBT price is quite malleable at the moment. Let’s put our disagreements aside and work as a team to push it quickly to $1.
