It is time for immediate use of tier 6 liquidity (NSR sales)

[masterOfDisaster]

I wouldn’t want to test that when dealing with Nu funds.
It seems like I need to move them manually.
But thank you for the links. I might have a look at them for the next time.
I’d like to have an automated way to move orders as part of my mandate.

But I need to move only one no matter whether it’s one or three orders on the book.

[masterOfDisaster]

NSR sell orders adjusted:

In numbers:
800,000 NSR @ 0.00000500
800,000 NSR @ 0.00000450
799,998 NSR @ 0.00000410

Next move will bring the 800,000 NSR @ 500 Satoshis to 370 Satoshis and leave the others untouched.
I think the way is clear: move the most expensive order to roughly 90% of the cheapest (and make some roundings).
Any suggestions to improve this or are you fine with it?

[MaVo]

how many NSR are going to be sold within what time-frame? Can that already be (roughly) anticipated?

[masterOfDisaster]

2.4 million NSR until Friday next week.

Well that is all there will be for the week.

All according to “Standard and Core” motion and the buyback calculation.

[MaVo]

Thanks!

[masterOfDisaster]

NSR sell order adjusted

In numbers:
800,000 NSR @ 0.00000450
799,998 NSR @ 0.00000410
800,000 NSR @ 0.00000380

[Sabreiib]

I seems seldom would buy lots of NSR at your price, within one week.

I’ve said that when you are in short of money, seldom will lend u money.
So called NBT<->NSR shift is the old “debt-to-equity swap” in real world.

[masterOfDisaster]

NSR sell order adjusted

In numbers:
799,998 NSR @ 0.00000410
800,000 NSR @ 0.00000380
800,000 NSR @ 0.00000350

[masterOfDisaster]

NSR sell order adjusted

In numbers:
800,000 NSR @ 0.00000380
800,000 NSR @ 0.00000350
799,998 NSR @ 0.00000325

[masterOfDisaster]

NSR sell order adjusted

In numbers:
800,000 NSR @ 0.00000350
799,998 NSR @ 0.00000325
800,000 NSR @ 0.00000300

[masterOfDisaster]

NSR sell order adjusted

In numbers:
799,998 NSR @ 0.00000325
800,000 NSR @ 0.00000300

The order placed at 800,000 NSR @ 0.00000280 bought into a buy order (@288 Satoshis) and was traded for 2.3 BTC.

[masterOfDisaster]

Another 29,000 NSR were sold.
Remaining orders:

In numbers:
799,998 NSR @ 0.00000325
771,062 NSR @ 0.00000300

All BTC proceeds (2.4 BTC so far) from the NSR sale have been put on buy side at an offset of approximately 90% following this inspiration:

Current Liquidity

Before I forget, I suggest we reserve 10 btc and authorize a custodian to place them at e.g. $0.1 in case of a bank run or an attack described here (step 3). If someone wants to sell cheap nubits, we want them to fall in our hands. Proceeds Nubits are outstanding nubits and will be burned. There are about 3.5btc on the buyside above $0.1 but below 5% spread. Placing a sizeable order at $0.1 encourages smaller bargain hunters to front run this order therefore putting more buys above it.

I’ll leave them there until FLOT or shareholders make a decision what to do with them.

[masterOfDisaster]

NSR sell order adjusted

In numbers:
771,062 NSR @ 0.00000300
652,946 NSR @ 0.00000275 (the difference to 799,998 was sold into buy orders when placing the order)

[mhps]

Gone.
Price stays quite a bit above previous low.
Moment of truth.

[masterOfDisaster]

Not that bad rate at all!
Approximately $0.0017 for each NSR - it only looks very bad, if you look at the BTC rate.
That is of course a problem, if you try backing the reserve for trading on a NBT/BTC by NSR.
A good reason to put focus on increasing USD reserves as well as other assets.

[MaVo]

So are we going to sell much more NSR during the next weeks?

[Sentinelrv]

Just bought about 333,000 NSR on Poloniex. Can’t pass up these low prices.

[masterOfDisaster]

So are we going to sell much more NSR during the next weeks?

Very likely, depending on the outcome of the “buyback calculation”.
The last calculation calculation combined with the current situation makes me think, that more NSR will be sold.
Maybe @mhps wants to run a calculation in between to report the current water level.

What’s the feedback on using several orders that got moved the way I moved them?
It seems to have lead to a good result. Would it have been better when using a single order? Who knows…

[mhps]

Not much has changed. Be warned though: things can change quickly.

31.743468 - 199.380840 = -167.637372 BTC (17059.415807 - 107150.253945 = -90090.838138 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -8.3819 BTC (~ -4504.54 NBT)

Standard < -2500: Sell 4504.54 NBT (8.3819 BTC) amount of NSR next week.

[masterOfDisaster]

Not much has changed.

As expected.
Thank you for running a calculation.