Perhaps I can help support NSR price - When did you sell how many shares at which spot price on which market for which purpose?
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.
Perhaps ppl are depressed and selling whatever they can?
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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 Bitcoinâs path downward.
If so, weâll see much more interesting downward price for NSR in the very near future. In other case too, btw.
Bring it on. Iâm ready to stock up on NuShares. Iâve 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.
Iâm 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?
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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.
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meaning on trading on exchange?
on which market?
Who do you think is selling?
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 weâre 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 donât 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 wouldnât 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 âsell the dying assetâ, even though NSR is actually not dying.
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yes, NSR is very cheap now. about BTER, it is very encourage that litlle by litlle the lost btc are returning to their owners!
This is almost a surefire bet. Anyone with liquidity to buy nsr right now would do well to do something like this:
Bter has the trade volume right now. Put orders between 7 and 7.5 microbtc, make sure you buy at least 1 btc of the current sell order (if you canât, well, maybe youâll get lucky and someone will sell to you before the next up wave). Transfer the nsr to poloniex and put sell orders from 7.6 microbtc to 8 microbtc. Youâre almost guaranteed to make like 10%.
An nbt auction (share buyback) would net us a good 10% profit on our hedge from the nbt buyback 6 months ago (when we sold nsr at $0.002).
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âI then placed multiple sell orders in the range of 0.0000077 and 0.0000088 BTC. The NSR market has been rather volatile for half a year now and since weâre near bottom prices right now it makes sense to buy low and sell higherâ
Thanks for your elaboration.
How do you know we are at the bottom?
Is your 500kNSR purchase for resell purpose to make a quick buck?
I have noticed a 1mnsr sell order around 000008btc mark on polo. Is that also you?
When NSR were initially sold I believe they were sold in a 0.0020$ and 0.0025$ range. Anything below that means a loss for the seller. If they are selling their mined NSR then the NSR they keep for mining is also becoming cheaper so they are not really winning much. From that I can deduce weâre at the bottom.
My 500k sell orders are for a quick buck indeed because if you buy in at the bottom and you have faith in the future of the asset then it is a good deal. However, what bothers me is the fact that BTC may rise more than NSR in the short term future. If that happens then I should have kept my BTC rather than converting them into NSR. NSR and BTC may both go up but I could still lose BTC wise by holding NSR. Either way this is also my contribution to the market activity of NSR trading. We need those dumb pump and dump gambler/speculators to get some positive free CMC marketing and awareness about nubits/nushares.
My sell orders are at 0.00000777 and 0.00000888 on bter and 0.00000850 on polo.
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Not necessarily. If you include minted NSR, PPC and BKS dividends into the equation, an early purchaser of NSR who paid $0.002 can sell NSR at $0.0015 (at 75% of buy price) without any loss:
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How do you identify the current sell order?
Why is there any such discrepancy between the 2 markets for arbitrage?
I went ahead and bought mine off the market instead of private.
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@crypto_coiner Basically, that big sell order at 8 microbtc is an arbitrage (in my opinion). Someone caught a ton of falling knives on Bter and put them up for sale on polo. At least thatâs what I think. That someone is incredibly smart.
Right now, we have sell pressure on bter and buy pressure on polo. Every month or so that flips and we get buy pressure on bter and sell pressure on polo. If you ride the waves, you can easily make a lot of money.
There is 1 btc up for sale on bter at 7.4 micro btc (https://bter.com/trade/nsr_btc). If I had money I would buy that and put it up on polo at 7.7 microbtc. That would be my guaranteed win. I would take the rest of the money and put it up as buy orders under 7.4 microbtc. This will most likely cause the polo price to go up, because people on polo are watching what happens on bter. That means that 7.7 will almost definitely get bought.
If I were buying to hold, Iâd just go ahead and buy some of that big ol 4 btc order at 7.5 microbtc on bter, then maybe put some orders up around 7 microbtc just for kicks. Always be wary of exchange hacks though.
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It would make sense for NSR to go up now since the sales of BKS have stopped. The next logical step for the investors who missed the train would be buying into NSR. We could cooperate and turn the end of BKS sales into a hype for NSR. Letâs buy the price up and justify it with the end of blockshare sales. It would draw some media attention to nubits and B&C projects generating new users, speculators and profit 
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