$ 0.002630 (-2.03 %)
0.00000602 BTC (-4.51 %)
new lower
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Who is selling and for what purpose? In any opportunity to buy
$ 0.002385 (-15.60 %)
0.00000583 BTC (-12.69 %)
will buy some
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Someone dumped 4.7M NSR. Hope these shares either stay in circulation to increase NSR liquidity, or go minting.
NSR price stayed remarkably stable.
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Meh, i doubt it. Probably someone concerned about Nu bankruptcy, sure, but i doubt it’s due to that post individually. Like @mhps said, I hope this increases our mint difficulty and voting rates.
Damn, someone really wants out.
Another big dump price is very low, 572sats now
Who is going to prepare the greeting cards for all the new shareholders?
2 Likes
I am interested in buying some more
It’s beyond my imagination that such a single post of a single person (like me) can have caused such a dump.
If that were true, I had to recommend those who panic easily, to do some due diligence before doing something as drastic as this.
Then again, if an NSR holder is so well-informed and clear-sighted to get panicked that easily, it might be better for Nu to get rid of this NSR holder and find someone more illuminated 
I stick firmly to my assessment regarding the outlook (with an unchanged liquidity provision scheme!), but an informed reader should also be aware that Nu
- is already on its way to reform the liquidity provision scheme1,
- vastly reduces costs associated with it by using the parametric order book more consequently,
- the new products that are already on the road map create (temporary) revenue and finally
- B&C Exchange will create demand for US-NBT (and future products) and increase the number of transactions (to generate final revenue)
Nu is far from being in danger. Once the NSR buybacks are replaced by NSR sales (to remove NBT), it will start to look less brightly. But at the moment Nu is in a good position to do the necessary adjustments, cut costs and get along with the funds for a loooong time.
1 sell side gateways are partially in place, the trade volume provided by ALP/MLP with small spread will be reduced to save costs (e.g. at Poloniex), dual side bots (from different operators with cheap operating fees) are installed at Poloniex to support the peg beyond the volume ALP/MLP can serve (because Poloniex is currently one of the most important exchanges).
3 Likes
buy buy and buy
Bleh…I’m at the car dealership getting some things fixed and I just got a $1,100 bill. No cheap NuShares for me this week. 
Enjoy it everybody. 
Would be a great time for buybacks, if only Nu had the reserves to do it…
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That is most possible reason for dumping, no short profit from buyback
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I think so, too.
Maybe somebody speculated on rising NSR price due to buybacks and now wants to get rid of them being aware that it might take some time until they continue.
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I cant help but doubt that. Today’s volume rivals volumes we had a year ago.
What in particular do you doubt?
That the seller bought during buybacks. The volume points to a year or more ago. Like IPO or something. Anyway, all speculation.
1 Like
I would just like to point out that despite the panic sell (which has the appearance of being a single seller), the most important metric for the success of NuBits is the growth or contraction of the number of NuBits in circulation. At the moment, the total number of NuBits in circulation is at an all time high at 805,282. If you look back through the buyback calculation thread you will see on February 6th the circulating supply was reported to be 810,143. However, after February 6th the method of calculation was corrected (this was discussed in the calculation thread) to exclude funds at BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP. That address had 20,547 USNBT in it on February 6th, so a corrected and revised total supply for February 6th would be 789,596.
This means total USNBT in circulation has risen 1.99% since February 6th. This is still an annualised rate of 13.97%. And these are the bad times. While I don’t have specific dates and numbers in front of me, I recall that our total supply was no more than 350,000 about a year ago. So over the last year the number of circulating NuBits has more than doubled.
We need to continue focusing on increasing demand for NuBits, but our growth has been quite robust and the number of NuBits in circulation is currently at an all time high.
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