Wall Observer - NuShares price movement tracking & discussion

[cryptog]

Well said.

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

Instead of seeking out investments based on fundamentals or long-term outlook.

To me it is clear that there are no other crypto-asset innovating as much as Nu and for this reason, I am holding all my shares because I want to vote and contribute substantially to its development.
It is true that NuBit has not fulfilled yet its mission since there is still no use of it as a currency (as far as I know).
Therefore, having a decreasing NSR price is not particularly surprising.
However when NBT starts to be used a daily currency, I certainly expect the price of NSR to ramp up.

[Sentinelrv]

I was pretty bummed out after our exchanges got hacked and we lost all our volume, but a lesson was learned and we’ve spent the last month or 2 changing strategies to decentralize liquidity. These liquidity pools are really exciting and I think they could become a game changer for Nu. Because of this, I’ve personally been waiting for a price point like this so I could buy even more.

[JordanLee]

My guess is the low buy wall had an effect. Shareholders need to be quick to raise rates before support gets as unbalanced as it was a day ago. A problem with incorrect liquidity info appears to have been a major contributing factor to the problem. I have asked @desrever to sort out the problem with @erasmospunk if necessary so liquidity info will be more reliable in the future.

[crypto_coiner]

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

There are ~816M NSR that have been distributed, but no where near that many are available on the markets to purchase. Many are held in wallets, minting blocks and casting votes.

Absolutely - meaning there are a few guys selling on markets (the only ones) , giving the opportunity to anybody interested to buy cheap.

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

I believe in diversifying your risks, and if you need to reduce your exposure to Nu, I can’t be mad because I understand why. On the other hand, my involvement in the project is because I see a future where Nu has become a tool that many use and a community that inspires others and continues to bring innovations to the World.

Keep your heads up and keep on voting.

Absolutely - Nu is a blueprint for a decentralized and distributed governance and will inspire many others as we go along 2015 and 2016.

[Sentinelrv]

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

Because of this, I’ve personally been waiting for a price point like this so I could buy even more.

And with that I just added another 230,000 NSR to my total.

[Hyena]

Yeah, I think we can look at the bright side – it’s a rare opportunity to pile up cheap nushares right now. We can already see the effects of this as the price has risen to $0.002682.

[ttutdxh]

We will miss this prices so bad…

[peerchemist]

Yes, for it does look like classic pump and dump.

[cryptog]

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

A problem with incorrect liquidity

So you mean shareholders got a liquidity info that was in fact higher than the reality?

[pennybreaker]

I don’t know about you guys, but if we can break 0.00001200 resistance, I’m calling this a bottom …

[GLock]

The market is waking up!

walls @ 0.00001200 now and above!

[Joe]

I snagged some up

[tomjoad]

Back over 0.0030 USD after last week’s dump!

[pennybreaker]

Wow. We haven’t seen volume like this since January.

[Sentinelrv]

Glad I already bought my shares at the bottom.

[cryptog]

Even at 3 times the current price i feel it would still be a bargain.

[cshelswell]

I was certainly enjoying snapping some up.

Where are most folks trading now that BTER probably might be a bit risky.

[mhps]

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

Any chance NSR was somehow used to carry out a pump and dump scheme?

My guess is that speculators search for patterns in all coins and does what they do to maximize profit. When they see a down trend momentum with thin volume they give it a hard kick and ride it.

After double side (NBT and NSR) burning is implemented, NSR will be a leveraged asset and will probably fluctuate more wildly, hopefully mostly upward in the next few years as Nu is just starting.

[Hyena]

Yeah that would definitely be cool. So, instead of distributing peercoins as dividends, we would buy nushares from the open market and burn them? Any reason why this wasn’t implemented in the first place because it seems as if the current dividend distribution method is not going to be used after nushares burning.

[Sentinelrv]

From what I understand, the dividend mechanism will still be used, but only after Nu really starts to make money. When we’re in the part of our economic cycle where NuBits demand is high, the money made from selling newly created NuBits will be used to buy back shares and burn them. That money should never be used for dividends though because that doesn’t exactly qualify as profit. Once Nu starts to earn profit from real business, then the dividend mechanism can start being used again. Until then, shareholders have a lot of work to do to figure out how to actually earn profit for the network. Does anyone else share this view?