Wall Observer - NuShares price movement tracking & discussion


#528

The peg is still not restored and Nu in a catastrophic status, whether NBT goes up to 10USD or down to 0.10USD


#529

Don’t know. I guess most are trading bots that smell blood. NBT and NSR markets are so small it only takes a small whale…


#530

yep, pure magic happening. No manipulation, thanks god (or @Phoenix)!


#531

I just hope those shares will vote in diverse ways


#532



#533

Indeed, but if the value of NSR stayed high for whatever reason, sales of NSR could provide enough liquidity to run NuBots and maintain the peg at $1 on exchanges, especially if there were a good level of demand for NBT.

I know this is incredibly unlikely - without significant re-thinking and re-designing of the model, people shouldn’t & probably won’t trust Nu to hold a peg, but I can dream :slight_smile:


#534

@Phoenix’s motions will get a boost in support when there is a pump in NSR market which draws minting shares to the exchanges. Not surprised if they are not part of the plan.


#535

I think it s a new record:

$ 100,495 trade volume


#536

impressive – due to?


#537

Someone trying to make NSR an attractive liquid asset to buy…
Just my bet.


#538

finally some good news


#539

Interesting development, let’s see it can be sustained over the weekend. There will be a few sellers I suspect.


#540

NBT going close to $0.99 on coinmarketcap. Can it stay there?


#541

maybe not,still have less buy side


#542

When I first saw all those NSR (>$500k) and NBT (>$30k) liquidity I thought It was related to the B&C development fund being used.

But as we can see it’s still untouched here: https://blockexplorer.nu/address/BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a/1/newest

So it seems someone (or a team) is stepping in first so see what happens next…

This is gonna be interesting to watch!


#543

That was an interesting ride. NBT peg is holding for now. NSR volume in last 24h is phenomenal (600k+), a record.
Someone must have put in a lot of money and effort to prepare this and…

There are almost 300m NSR on Poloniex.


#544

NSR will be over 10USD by 2018


#545

seriously? with 2,702,268,334 NSR in circulation that would be a market cap of over $27 billion
how do you see this as possible? BTC has only $19 billion market cap at the moment …
what are you smoking?


#546

seriously?
– > absolutely

what are you smoking?
– > never inhaled a single cigaret in my entire life

with 2,702,268,334 NSR in circulation that would be a market cap of over $27 billion
how do you see this as possible? BTC has only $19 billion market cap at the moment …
–> I just had a dream – Market cap of entire cryptos by 2018 will be between 100~500bUSD.
Pegged cryptos would have their fair share and growth & boom


#547

If you want high prices for NSR - build services, where the payment or the fuel will be this coin