Wall Observer - NuShares price movement tracking & discussion

[crypto_coiner]

NSR price under $0.001852, how is this even possible?

There are ~816M NSR that have been distributed, but no where near that many are available on the markets to purchase. Many are held in wallets, minting blocks and casting votes.

Absolutely - meaning there are a few guys selling on markets (the only ones) , giving the opportunity to anybody interested to buy cheap.

NSR price under $0.001852, how is this even possible?

I believe in diversifying your risks, and if you need to reduce your exposure to Nu, I can’t be mad because I understand why. On the other hand, my involvement in the project is because I see a future where Nu has become a tool that many use and a community that inspires others and continues to bring innovations to the World.

Keep your heads up and keep on voting.

Absolutely - Nu is a blueprint for a decentralized and distributed governance and will inspire many others as we go along 2015 and 2016.

[Sentinelrv]

NSR price under $0.001852, how is this even possible?

Because of this, I’ve personally been waiting for a price point like this so I could buy even more.

And with that I just added another 230,000 NSR to my total.

[Hyena]

Yeah, I think we can look at the bright side – it’s a rare opportunity to pile up cheap nushares right now. We can already see the effects of this as the price has risen to $0.002682.

[ttutdxh]

We will miss this prices so bad…

[peerchemist]

Yes, for it does look like classic pump and dump.

[cryptog]

NSR price under $0.001852, how is this even possible?

A problem with incorrect liquidity

So you mean shareholders got a liquidity info that was in fact higher than the reality?

[pennybreaker]

I don’t know about you guys, but if we can break 0.00001200 resistance, I’m calling this a bottom …

[GLock]

The market is waking up!

walls @ 0.00001200 now and above!

[Joe]

I snagged some up

[tomjoad]

Back over 0.0030 USD after last week’s dump!

[pennybreaker]

Wow. We haven’t seen volume like this since January.

[Sentinelrv]

Glad I already bought my shares at the bottom.

[cryptog]

Even at 3 times the current price i feel it would still be a bargain.

[cshelswell]

I was certainly enjoying snapping some up.

Where are most folks trading now that BTER probably might be a bit risky.

[mhps]

NSR price under $0.001852, how is this even possible?

Any chance NSR was somehow used to carry out a pump and dump scheme?

My guess is that speculators search for patterns in all coins and does what they do to maximize profit. When they see a down trend momentum with thin volume they give it a hard kick and ride it.

After double side (NBT and NSR) burning is implemented, NSR will be a leveraged asset and will probably fluctuate more wildly, hopefully mostly upward in the next few years as Nu is just starting.

[Hyena]

Yeah that would definitely be cool. So, instead of distributing peercoins as dividends, we would buy nushares from the open market and burn them? Any reason why this wasn’t implemented in the first place because it seems as if the current dividend distribution method is not going to be used after nushares burning.

[Sentinelrv]

From what I understand, the dividend mechanism will still be used, but only after Nu really starts to make money. When we’re in the part of our economic cycle where NuBits demand is high, the money made from selling newly created NuBits will be used to buy back shares and burn them. That money should never be used for dividends though because that doesn’t exactly qualify as profit. Once Nu starts to earn profit from real business, then the dividend mechanism can start being used again. Until then, shareholders have a lot of work to do to figure out how to actually earn profit for the network. Does anyone else share this view?

[mhps]

NSR price under $0.001852, how is this even possible?

it seems as if the current dividend distribution method is not going to be used after nushares burning

There were some discussions on this

[Nagalim]

My vision of distributions is that they are used when NSR price is high and the NBT buy wall is strong. Basically, we create NSR and sell it for ppc which we distribute. Conversely, when NSR price is low and the NBT buy wall is weak, we institute high park rates.
These mechanisms allow Nu to speculate on its own market. Burning simply allows this process to be more fluid, it does not replace these mechanisms. In my opinion (which I’m sure some are tired of hearing) is that burning should be decentralized and done daily while park rates and distributions take care of things on the month to month scale.

On a side note, y’all know this dip was because skullandheadphones sold 3.5m shares right?

[GreatScott]

NSR price under $0.001852, how is this even possible?

Basically, we create NSR and sell it for ppc which we distribute.

So we would inflate our shares to distribute dividends. This is just getting weird, no offense intended. I keep thinking this is just moving money from one pocket to another and hoping the market doesn’t notice, whenever you bring the NuShare market into this discussion of your vision. Sometimes even pulling the money out of thin air and putting it into our pocket.