Wall Observer - NuShares price movement tracking & discussion

[tomjoad]

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

Simple. Lack of interest at Nu Network. Nushares holders cutting losses. Nu Network leaders should start campaigning for more awareness and implement use cases. Simple case of an innovative product that no one wants to buy.

It’s important to note that Nu is still outperforming almost every competitor that was released after us. Of the 21 projects ahead of NuShares in market cap today, only two were released after Nu: Banxshares (which only released 37% of shares to the public, and are only traded on an internal exchange that self-reports numbers), and PayCoin (which is an outright scam).

NuShares have never traded in a bull market in its entire history. It’s tough to be critical of the performance of NuShares when by all accounts it has out-paced the market. Peercoin has dropped 90% from last summer for example. The past year and a half has seen a severe contraction in enthusiasm for cryptocurrencies from the heights of January 2014. As long as we’re improving our products (NuBits) though, I’m optimistic that enthusiasm will begin to grow once more and the price of NSR will reflect that.

[masterOfDisaster]

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

Nu Network leaders should start campaigning for more awareness and implement use cases.

Uses cases are already in the making.
The shapeshift plugin of the Android wallet (release 2 of version 2.0) allows paying with NBT everywhere a payment for which shapeshift offers conversion is supported.
The MasterCard that allows access to crypto funds is another nice tool.
These are very basic use cases that allow paying with NBT at places that don’t support NBT directly (yet), while having the advantages of a stable, pegged crypto currency.
Other use cases will follow into the real world. There are a lot more ideas.

But first the liquidity providing needs to be brought to a higher level.
And that is in the making as well.
With NuLagoon and the mushrooming TLLPs there are very sophisticated approaches to provide liquidity available.

Try to keep some hope.
It’s normal that a young business needs to invest before it’s making revenue.
Nu might still fail. But I’m confident that Nu will be here for some more time.
Nu survived February this year and the default of its main exchanges.
The basics are solid.

[cryptog]

Huge dump. NuShares NuShares $ 1,108,105 $ 0.001360 814,675,606 NSR * $ 2,787 -32.86 %

[mhps]

When bitcoin price goes up people tend to sell other assets to buy BTC to catch some upward movement.

[crypto_coiner]

Huge Dump -
30 NuShares$ 1,642,866$ 0.002016814,776,474 NSR *$ 2,608-15.78 %

[tomjoad]

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

This is the closest thing we have to a price watcher thread, near as I can tell.

Wall Observer - NuShares price movement tracking & discussion

Wall Observer A free service brought to you by the Nu community Whenever there is a significant change in market depth, this is the thread to discuss it. Let the speculation begin!

Is a good observer thread as well.

[crypto_coiner]

Price now around $ 0.001600/NSR on ccmc - ouch!

[Nagalim]

If we buy back everything we sold a while ago we could probably make >10% on the hedge.

[crypto_coiner]

Perhaps I can help support NSR price - When did you sell how many shares at which spot price on which market for which purpose?

[Sentinelrv]

I have 300 NuBits to spend. The price is around $0.0016. If anybody would like to sell me 185,000 NuShares, then please PM me.

[crypto_coiner]

Perhaps ppl are depressed and selling whatever they can?

Dow Plunges 530 Points as 'Feeling of Fear' Grips Wall Street

[Sentinelrv]

All of this selling was triggered by somebody finding an XT block in Bitcoin. That and all the uncertainty caused by the block size debate is causing all the panic. NuShares are most likely just following Bitcoin’s path downward.

[crypto_coiner]

If so, we’ll see much more interesting downward price for NSR in the very near future. In other case too, btw.

[Sentinelrv]

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

If so, we’ll see much more interesting downward price for NSR in the very near future. In other case too, btw.

Bring it on. I’m ready to stock up on NuShares. I’ve been strapped for money over the last 3-4 months, but now my situation is better and I plan on buying every chance I get. Looks like I picked the right time.

[crypto_coiner]

I’m interested in buying back NSRs in pretty large quantity too but naturally exchanges dont cater well to that goal.
I believe the unseeded auction iniatiated by @nagalim could respond to such demand of mine.

Otherwise, is there any category or topic where nushareholders discuss and announce their ASK/BID offers for nushares?

[Hyena]

I think it would be healthy for NSR to have some open market activity and for that reason I would rather buy from the open market than privately. I just bought 500k at 0.0000074 BTC prices because I think NSR is massively undervalued right now.

[crypto_coiner]

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

open market activity

meaning on trading on exchange?

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

I just bought 500k at 0.0000074 BTC

on which market?

Who do you think is selling?

[Hyena]

I bought mainly from bter but a small portion from poloniex. Basically I executed the buy orders until 0.0000074 BTC/NSR at the same time on both exchanges to get the cheapest possible nushares. I then placed multiple sell orders in the range of 0.0000077 and 0.0000088 BTC. The NSR market has been rather volatile for half a year now and since we’re near bottom prices right now it makes sense to buy low and sell higher.

The people who are selling right now have been over invested in NSR and they need to cash out for whatever reasons. The bter hack is mainly still responsible for the NSR being so weak and that was totally unexpected for many of us. It takes time to recover from an incident like that and I think the time is ripe for the NSR to rise from the ashes. I must admit I myself am over invested in NSR right now but since I don’t need to use the funds stuck in NSR I have time to wait for better prices. Not everyone can afford to wait though. They are willing to sell at loss.

I wouldn’t be surprised if many of the desperate sellers are actually dumb speculators and gamblers who bought into NSR prior to bter hack in hope of quick buck and are now forced to sell with a loss. They have not educated themselves about the fundamentals of nubits and used only the price chart as a basis for their investment. From that point of view, it would make sense to “sell the dying asset”, even though NSR is actually not dying.

[seki]

yes, NSR is very cheap now. about BTER, it is very encourage that litlle by litlle the lost btc are returning to their owners!

[crypto_coiner]