I was trying to look on the forum also and didn't see anything that really showed where all the volume came from and the chat room was down as well. I haven't covered the position. I'm syncing the wallet right now and I still have some of them Parked in there earning interest. I'm 50/50 on cashing out or sticking in there and just earning more. I think it could really bounce around a lot before it returns to a dollar but this will certainly get people's attention who want to try to catch a swing. I think more concerning is the low volumes on NuShares. There needs to be more action there because if the Nu team is still selling NuShares to generate capital to buy NuBits then it becomes and issue. But you can buy NuShares through private transactions through them as well.
I am 90% sure that this is the manipulation of management,
Just look at these huge volumes:
and yesterday there were in general 5500 BTC (~ $ 36 million).
They sold their NBTs before they withdrew support at $ 0.95, and now they are speculating below the peg.
But you can buy NuShares through private transactions through them as well.
I'm not sure that I can handle a private transaction))) I work on crypto exchanges mostly. Although I'm Russian, and it's a bit risky to work for Bittrex.
I ended up selling mine at $0.72 and I'm planning on buying back in to play the dip. And then Park them at 58%. I'm hoping to get in under $0.40. It is more like a game to me at this point but it is one of the most interesting things happening in crypto right now in my opinion.
I don't know where the volumes are coming from but if you think if someone bought up Millions worth and then Parked them at 58% they could really get their cost basis down.
Personally I don't know if it will work out. I'm not sure if this is the highest park rates have ever been in the history of NuBits or not. It would be like these governments like the United States. Just keep printing your way out of the situation and taking on more "debt" . It is very intriguing to say the least.
Yes, it was nice jump! Have you already closed this position? I still did not understand what happened, read their forum, and did not get it))
I was trying to look on the forum also and didn't see anything that really showed where all the volume came from and the chat room was down as well. I haven't covered the position. I'm syncing the wallet right now and I still have some of them Parked in there earning interest. I'm 50/50 on cashing out or sticking in there and just earning more. I think it could really bounce around a lot before it returns to a dollar but this will certainly get people's attention who want to try to catch a swing. I think more concerning is the low volumes on NuShares. There needs to be more action there because if the Nu team is still selling NuShares to generate capital to buy NuBits then it becomes and issue. But you can buy NuShares through private transactions through them as well.
I am 90% sure that this is the manipulation of management,
Just look at these huge volumes:
and yesterday there were in general 5500 BTC (~ $ 36 million).
They sold their NBTs before they withdrew support at $ 0.95, and now they are speculating below the peg.
I'm not sure that I can handle a private transaction))) I work on crypto exchanges mostly. Although I'm Russian, and it's a bit risky to work for Bittrex.
I ended up selling mine at $0.72 and I'm planning on buying back in to play the dip. And then Park them at 58%. I'm hoping to get in under $0.40. It is more like a game to me at this point but it is one of the most interesting things happening in crypto right now in my opinion.
I don't know where the volumes are coming from but if you think if someone bought up Millions worth and then Parked them at 58% they could really get their cost basis down.
Personally I don't know if it will work out. I'm not sure if this is the highest park rates have ever been in the history of NuBits or not. It would be like these governments like the United States. Just keep printing your way out of the situation and taking on more "debt" . It is very intriguing to say the least.