Fair enough. I pray that you are correct. I have a lot invested! Thank you for taking the time to give such detailed responses @Yurizhai @tomjoad and @desrever
When NuBits first launched, shares were sold for 0.0018 NBT by Jordan. Now, the price is 0.005 NBT, which has completely cut off new supply for the time being, as Tomjoad mentioned. I think it’s normal to see some selling in between those prices, by early adopters who bought at the low price and want to diversify. If those sellers run out of NSR, the price could jump suddenly, since Jordan’s price is currently well above market price. In the past week or two, buying pressure has been very steady.
A gambler thinks in terms of minutes and hours.
A speculator thinks in terms of days and weeks.
An investor thinks in terms of months and years.
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np @rodchi , I also understand your point of view. Think about the low volumes of NSR to estimate how much people is holding vs selling.
@Chronos is right, some early adopter might be differentiating a small part of their investment for whatever reason.
And if you want to see that price going up faster, there is tons of work to do !
Yeah, I’m into NuBits/NuShares for the long-haul. The system is very well designed which makes me shocked to see people dumping NuShares at what I view as low prices (I concede that I don’t know what they purchased them for). I think that they will regret selling so low in the long run. I can definitely see Nubits helping to reduce the volatility of Bitcoin since the BTC used to help maintain the Nubits peg are temporarily taken out of circulation.
I really see it going like this long-term:
- NuBits will eventually replace Bitcoin as the crypto-currency of choice for people completing low to medium value transactions.
- Peercoin will continue to be the instrument used to pay NuShare dividends. BTC/PPC/USD will be used to maintain nuBits pegged at $1.00.
- Bitcoin will become the crypto-currency of choice for people completing high value (e.g. multimillion dollar transactions). So Nubits will be like a $1 bill, while Bitcoin will be like a $100 bill.
- NuShares will be the crypto-currency of choice for people who are long-term investors who want to earn dividends and enjoy a continuously rising share price.
I have positioned myself long-term for all of these eventualities by holding Nushares/NuBits/Bitcoin/PPCoin in a roughly 1/1/1/0.1 ratio, and I plan on doing so for several years to come.
I’m quite surprised by the original post. It is hard to understand how they reach the conclusion that the share price is in a downward spiral.
The open market NSR price is currently 0.00339 NBT. This compares to a price on opening day, September 23rd, of 0.0018 NBT. This is an 89% increase in 65 days. This is an annual return rate of 3,689%. It is a stunning return.
Dividends have been issued in an amount approximately equal to 1.7% of the market cap. This is an annualized dividend rate of 9.5% of the share price. This is also spectacular.
These incredible results occurred in the context of a powerful bear market for Bitcoin and Peercoin. Since September 23rd, Bitcoin is down 13% and Peercoin is down 49%.
In these 65 days the number of shares in the market has increased more than 50%. Given that 60% of NuShares have been distributed as of yesterday, we know this pace of distribution can only be sustained for two and a half months, after which NuShare supply must drop to 2% per year.
Share sales are important as they decentralize network ownership and raise development funds.
I’m pleased with the performance and am proud to have been able to provide this kind of opportunity. I believe the rapid price increase in the face of a sharp increase in supply indicates the market recognizes we have something important and special. Still, there are ample signs that very few, even within the Bitcoin community, know who we are.
My mention of annualized return rates should not be interpreted as a prediction of what will occur. I’m happy to let the market decide that. It does help us understand the current trajectory of the price, however.
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shhhhhhh you’re talking the share price up, some of us are trying to acquire 
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@JordanLee Hi Jordan!!
I’m looking at the BTC/NSR price on Bter. It peaked at 17 units a few weeks ago (I dont feel like writing a lot of zeroes…lol), and it now stands at about 8.5 units (ask price) to 7.5 units (sell price). I bought in between 8 and 10 units, with my average cost being about 9 units or so. So it is frustrating for me to see people dumping at 7.5 units when I have paid as much as 10 units. I have never bought NuShares for NuBits because all of my NuBits are parked until around Christmas time. I will try this after my NuBits are unparked.
Anyway, I was not trying to diss NuShares. I hold a lot of them, I will accumulate more. I am just commenting on what I was seeing here earlier: https://bter.com/trade/nsr_btc
Every time the price would try to rally, someone would dump a bunch of NuShares at about 7.5 units of BTC. It looked like they were intentionally trying to suppress the price. For this reason, I thought that we should either reduce the supply of NuShares, or do anything possible to encourage people to buy NuShares. However, I am very satisfied with the answers that I have received here, I will do what I can to help educate people about NuBits and NuShares. I have started by posting a message to the Bitcoin Reddit explaining why I invest in both Bitcoin and NuBits. I won’t link to it again here for fear of looking like I am trying to pump up the post, but you can easily find it there.
Anyway, I am very long NuShares/NuBit, and I look forward to accumulating a LOT more.
We don’t need to worry about the price of NSR. This is a free market where people have right to sell or buy NSR per trading price.
If someone wanna sell, let him sell, he will not get benefit form Nubits growing.
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Without going too much into details, at CCEDK we started one week ago when price at Bter was 0,0000081 to acquire Nushares for the possibility of bringing it slowly to an increase. Gradually working the price on the various pairs we are from today actively working NSR on CCEDK with the trdaing pairs NSR/BTC, NSR/PPC, NSR/NBT and NSR/CNY. I am happy to see that my work throughout the week has resulted into a general increase to some 0,0000091-93, whereas my focus point onwards in coming week means working NSR at around NBT 0,0034-36. Our airm will be to offer the Nushares at a price gradually increasing based on demand and supply with a liquidity already working on the exchange of some 8-9 million Nushares, expecting this to increase once everyone gets ther word out that at CCEDK you are able to deal with Nushares on an active scale between 4 pairs in fact, and with the NBT related pairs we are in fact speaking 8 pairs on CCEDK directly or indirectly involving Nushares.
We believe in doing our part in bringing both NBT and Nushares out to the world, and hope as many of the Nubit community will keep backing up the work we are doing to constantly improve and better the user experience on CCEDK, but as well creating awareness of Nubits and Nushares through the work we do on our other currecies as well.
I believe personally that bringing the other currencies into the picture making them interact with NBT and NSR like BTC and PPC is already doing, it will not only help NBT get out there quicker, but also improve the overall acceptance of the Nubit as a currency here to stay.
Thank you sofar all of you who has been around CCEDK sofar. The ones who has not yet, do not be afraid, We are here to serve, and we serve well, in the belief that serving is the road to success not only in real life but also in this world of virtual reality.
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And it seems like working, as from yesterday we have seen an increase of 60% from 810 sat to 1300 at Bter and still slightly lower at CCEDK. If Nushares increase signifys health and improvement of NBT then we are on right track to the moon…
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Thanks ronny. CCEDK is highly trustworthy. My biggest headache with it is the account trade history. It is time consuming and error-prone to work with. I suggest CCEDK change to a more friendly format that puts transaction fee in the same line of each trade, and puts deposit and withdrawal in the same table.
If changing the current format will break too many things, then maybe adding a link of “download history” to export in the format above?
Any chance you could send me an e-mail or PM with exactly details as to what you would like done, and I will pass it onto the devs., I definitely would like to make all as confortable as possible for every user on CCEDK, so I am all ears and ready to follow up. If you have an example of other exchange doing the same also that could be helpful.
Trade history format of poloniex and cryptsy are good examples.
We made it possible now to download history of trade under transactions in my funds export to CSV
We have registred and will work on other parts but please note the Export to CSV as new feature.
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@ronny, it’s great that CCEDK is responding to users requests. However there are some problems I think -
The buyer/seller field effectively leaks other users’ private trading information and should be taken off immediately.
The field separator should use one symbol (comma is recommended, comma is the “C” in CSV) instead of a mixture of semicolon, white space, etc. In its current format importing to excel has trouble.
The current history does not reflect account balance changes. Transaction fee is missing. It’s recommended to add it for each history line.
Depposit/withdrawal should be added
Download shouldn’t be limited to current display page. Make it eiither for user specified days or all acticities in the last one to three months please.
The exported history is still giving small trouble when imported to exell because `"’ shouldn’t be put around e.g. ‘100 PPC’ , because you want 100 to be in a cell as a number, not the string “100 PPC”. Trasaction fee is not shown for every transaction.
Will forward this info to developer, thanks
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I forgot … exported files are usual for programs, so numbers like 23134.3 shouldn’t be 23,134.3 or 23.134,3 or 23 134.3
Just most computers write it – 23134.3