no 150% buyback today？
It seems not…
This is still true two hours later. Please be patient.
Friday, January 22, 2016
Funds Purchased Thursday: 1544769 NSR
Previous Market Price: 0.0000088 BTC
Buyback Price: 0.0000139 BTC (150% of market price)
Maximum Price Paid: 0.00001095
Total Shares Purchased with 24 BTC: 2522887.653 NSR
The burn should be posted this weekend. I recommend FLOT and shareholders consider depositing more to Poloniex, as that seems to be where much of the volume occurs recently.
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polo have limit withdraw
I have a withdrawal limit that can handle most any volume in just a few days.
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if you do this for an extended period of time, those who wanted to sell into the buy wall then won’t be able to do it.
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Its very hard to move funds between exchanges when they’re in a buy wall. The procedure is to leave the buy wall at 100% price for approx 24 hours and if it hasnt been eaten why would I expect another couple hours to make a huge difference? The wall is taken down so I can rearrange funds ad get prepared to buy into the sell walls. Im not sure how I would do that with the walls still up without attracting manipulation.
I take that you are moving part of the wall to the other exchange where there are better sell orders. You d on’t need to take down all the buy wall. But I agree it’s not a big problem.
If i leave part of the buy wall up then traders know precisely how many funds i have on each exchange and can use that info to manipulate me, knowing i have to go through the congested btc network to move funds back and forth if traders take down or put up orders.
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NSR Buyback #17 is complete. 2,522,881 NSR were burned.
Transaction ID: 388057a9511fd35d7f5f9fbdd81688f97f24b8bccb6573e8c01e2142c388ed26
We have burned 45,476,209 NSR since buybacks began. The circulating NSR supply is now 798,945,287.9 NSR, not counting FLOT funds. We are officially below the 800 million supply mark.
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