Low trading volume on bitUSD

[sumantso]

Oh right. Do you think we could see a dump tomorrow?

A small one certainly. Maths would suggest a 2.5% reduction in price.

Why would any of the 52 mm be dumped?  I thought it was a penalty, where if you transfer, you lose the a certain percentage.

There is no penalty. And only a fraction is going to be dumped, like normal sell-offs.

[toast]

No penalty.

[Bitcoinfan]

I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

What are you talking about?

Vested balance.

Oh right. Do you think we could see a dump tomorrow?

Well let's see...I believe the vesting period began on 11/5/14, right? Two and a half months. And the vesting is for a period of 2 years...which means approx. 52,083,333 of the 500,000,000 new BTS will be unlocked at once. I can't imagine everyone is going to claim all at once, and I'm sure plenty of people will want to hold it...

But yea, there may be a small dump going on.

Maybe we should wait a year for BTS to get solid footing before unlocking the balances?  :P

Why would any of the 52 mm be dumped?  I thought it was a penalty, where if you transfer, you lose the a certain percentage.




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[nomoreheroes7]

I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

What are you talking about?

Vested balance.

Oh right. Do you think we could see a dump tomorrow?

Well let's see...I believe the vesting period began on 11/5/14, right? Two and a half months. And the vesting is for a period of 2 years...which means approx. 52,083,333 of the 500,000,000 new BTS will be unlocked at once. I can't imagine everyone is going to claim all at once, and I'm sure plenty of people will want to hold it...

But yea, there may be a small dump going on.

Maybe we should wait a year for BTS to get solid footing before unlocking the balances?  :P

[islandking]

I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

What are you talking about?

Vested balance.

Oh right. Do you think we could see a dump tomorrow?

[sumantso]

I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

What are you talking about?

Vested balance.

[islandking]

I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

What are you talking about?

[iamabtsgirl]

BitUSD now is only used to cover the short, without any real application. If this situation continues, I doubt the volume will go up.

It's also used as a device to go short BTS. If you think BTS is going to go down, buy bitUSD.

I would wait for 2 -3 days since kind of afraid tomorrow's huge amounts of bts released on a single day......

[Ggozzo]

BitUSD now is only used to cover the short, without any real application. If this situation continues, I doubt the volume will go up.

It's also used as a device to go short BTS. If you think BTS is going to go down, buy bitUSD.

[ripplexiaoshan]

BitUSD now is only used to cover the short, without any real application. If this situation continues, I doubt the volume will go up.

[islandking]

There is no trading volume on bitUSD today. Lets get some volume going!