Wall Observer - NuShares price movement tracking & discussion


#346

me guesses some bot’s algo went crazy, maybe triggered by the high wall.


#347

$ 6,344 trade volume.


#348

A glitch at cryptsy?


#349

If not a glitch, then that’s a huge boost for only one share buyback.


#350

exactly $1,000 volume makes me suspicious. I can’t find the volume in the trade history, makes me think glitch. Cryptsy has for sure been pumpy and has no sell walls below 18 microbtc, so for sure the price is correct, but the volume seems fishy.


#351

The sell wall on cryptsy is insane – the prices are not aligned with other markets
What’s the rationale or the reason behind it?


#353

Why is there so little trading volume for NSR? less than 1kUSD typically – Among the TOP20 coins, that is unique.


#354

Maybe nobody wants to sell ;)?


#355

I think this is it. Look at the recent poll conducted by Tomjoad. No shareholder seems to want to sell.


#356

Why would they in the prospect of EU-NBT and CH-NBT?

I don’t know how the proceeds from selling the new products will be handled in detail.
A part will be kept in tier 4, some might be used for NSR buybacks and burns and a part of it will likely be distributed as dividend.

Would you want to sell shares of a corporation that will soon have:

  • more money in the books
  • a higher market capitalization (if the buybacks work as intended)
  • a decent dividend distribution

#357

FTFY:
No shareholder seems to want to sell. And no buyer want to buy for a high enough price


#358

So Nushareholders have a (much) higher expectation for NSR than the market.


#359

By elimination, did you just suggest that selling USD could only bring the proceeds we have had so far and we have reached a limit for USD?


#360

$ 0.002433 $ 4,376 +6.61 %


#361

NSR back over 0.0025 USD, and over 2,000,000 USD total market cap. The share buybacks are benefiting from the increase in the price of BTC, as our Tier 4 BTC reserves are increasing in value. From what I can see on BTER/Poloniex, there isn’t much NSR left around these prices too.


#362

I love these share buybacks. First buy back as many shares as possible and destroy them. Then more dividends can be distributed to a smaller number of shareholders.


#363

$ 1,602,392 $ 845 -21.05 % :frowning:


#364

Isn’t that a good thing, since it lets us buy back more shares?


#365

Oh, it looks we just bought shares back with a good discount


#366

@desrever @Sentinelrv you are right.