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Delegate Votes & AGS BTS

Started by bytemaster, November 20, 2014, 07:21:48 PM

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zerosum

 2 quick questions if you do not mind BM. I do not find them inappropriate, but if you do, simply disregard them BM.

1.Aren't the BTC donated to AGS and later sold for BTS(X) considered part of the AGS fund? By the 94 mil number it does not seem to be the case.
2.How many of those BTC still need to be converted to BTS?

Ander

Quote from: sumantso on November 20, 2014, 08:48:02 PM
I don't understand all these, but are you saying you expect the downtrend to continue? :(

He is saying the opposite.  He plans to sell bitUSD to buy BTS.
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biophil

Quote from: sumantso on November 20, 2014, 08:48:02 PM
I don't understand all these, but are you saying you expect the downtrend to continue? :(

How would you get that from "Non-AGS funds which have following my voting patterns have been moved ... to sell some BitUSD (read buy BTS)." He's buying BTS. He's interpreting the current market conditions as a good time to buy.
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sumantso

I don't understand all these, but are you saying you expect the downtrend to continue? :(

Vizzini

Never go against a Sicilian when death is on the line.

bytemaster

Some people have noticed (by tracking delegate votes) that millions of BTS which were voting for the current delegates have recently moved. 

As some of you may know I help manage the funds of a few whales so the actions you see that mirror AGS voting are not necessarily AGS funds.

Non-AGS funds which have following my voting patterns have been moved into Short / Buy orders in the BitUSD market to take advantage of the opportunity to sell some BitUSD (read buy BTS) when the individual who is short $760K is forced to cover some time next week (or sooner if this down trend continues).   

AGS funds are still mostly untouched with a total of ~95 million BTS.




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