Quote from: uqaz on March 01, 2016, 09:42:22 PM
Hello, did we have a buy back today or dividends were distributed?

50,770 obits was burned yesterday.
https://cryptofresh.com/tx/cc701e73c77dc94d1c3c250ab9c31752f9c973b0

Hello, did we have a buy back today or dividends were distributed?

Well, it looks like the buy back was a success!

Congrats!  +5%

Quote from: ccedk on February 01, 2016, 08:16:45 PM

Quote from: hcf27 on February 01, 2016, 07:59:42 PM
Any1 knows why the date of the buyback was changed from today to tomorrow 10am?

If you look at Forbes article, 1 day is reserved for placing sell orders, and buybcak starts from 10 am GMT+1

The exchange reveals that it is expected that "any future profits made will be utilized primarily as a market maker on the platform."

Specifically, the buyback will take place on the base of a minimum 1 million (m) BitShares (BTS), starting from 10.00am GMT+1 (06.00am EDT) on February 2, 2016. Sell orders are expected to be placed on February 1, 2016. (Note: The buyback will also involve an element of Bitcoin (BTC) of around 10%, with 90% being BTS).

http://www.forbes.com/sites/rogeraitken/2016/01/16/cryptocurrency-obits-ending-crowd-sale-with-buyback-dividend-option-adding-fiat-gateway/#7b9012b4207f

article created same day as sharedropping to OBITS holders of 2 BTC

The above time for final buyback was in order for everyone worldwide to have had all day 1st to decide whether to put as sell order or leave for later.

Thanks!

Quote from: hcf27 on February 01, 2016, 07:59:42 PM
Any1 knows why the date of the buyback was changed from today to tomorrow 10am?

If you look at Forbes article, 1 day is reserved for placing sell orders, and buybcak starts from 10 am GMT+1

The exchange reveals that it is expected that "any future profits made will be utilized primarily as a market maker on the platform."

Specifically, the buyback will take place on the base of a minimum 1 million (m) BitShares (BTS), starting from 10.00am GMT+1 (06.00am EDT) on February 2, 2016. Sell orders are expected to be placed on February 1, 2016. (Note: The buyback will also involve an element of Bitcoin (BTC) of around 10%, with 90% being BTS).

http://www.forbes.com/sites/rogeraitken/2016/01/16/cryptocurrency-obits-ending-crowd-sale-with-buyback-dividend-option-adding-fiat-gateway/#7b9012b4207f

article created same day as sharedropping to OBITS holders of 2 BTC

The above time for final buyback was in order for everyone worldwide to have had all day 1st to decide whether to put as sell order or leave for later.

Any1 knows why the date of the buyback was changed from today to tomorrow 10am?

Quote from: Akado on February 01, 2016, 12:25:33 AM

Quote from: uqaz on February 01, 2016, 12:06:38 AM

Quote from: Akado on January 31, 2016, 11:46:57 PM
That's because of the current sell wall of 28k OBITS. Nice way to bait people into selling cheap. Supposedly everyone bought at 26 bts. Not to mention the account selling http://cryptofresh.com/u/tcby1979 got them directly from Ronny instead of buying them from the market. Even with the OBITS promotions it doesn't get much cheaper than that.

So imo it doesn't make much sense to sell that amount at that price. It makes sense though in triggering people to sell at lower prices.

oh, thanks, i didn't know that. If it goes like this, assuming no wall at 28.5k, then the price jumps to 29,94 BTS/OBITS

No one can really know, everyone will try their best to manipulate the price and get the best price for themselves.

oh, sure. But i believe the ones that will flip it already put their sell orders.

Quote from: uqaz on February 01, 2016, 12:06:38 AM

Quote from: Akado on January 31, 2016, 11:46:57 PM
That's because of the current sell wall of 28k OBITS. Nice way to bait people into selling cheap. Supposedly everyone bought at 26 bts. Not to mention the account selling http://cryptofresh.com/u/tcby1979 got them directly from Ronny instead of buying them from the market. Even with the OBITS promotions it doesn't get much cheaper than that.

So imo it doesn't make much sense to sell that amount at that price. It makes sense though in triggering people to sell at lower prices.

oh, thanks, i didn't know that. If it goes like this, assuming no wall at 28.5k, then the price jumps to 29,94 BTS/OBITS

No one can really know, everyone will try their best to manipulate the price and get the best price for themselves.

Quote from: Akado on January 31, 2016, 11:46:57 PM
That's because of the current sell wall of 28k OBITS. Nice way to bait people into selling cheap. Supposedly everyone bought at 26 bts. Not to mention the account selling http://cryptofresh.com/u/tcby1979 got them directly from Ronny instead of buying them from the market. Even with the OBITS promotions it doesn't get much cheaper than that.

So imo it doesn't make much sense to sell that amount at that price. It makes sense though in triggering people to sell at lower prices.

oh, thanks, i didn't know that. If it goes like this, assuming no wall at 28.5k, then the price jumps to 29,94 BTS/OBITS

That's because of the current sell wall of 28k OBITS. Nice way to bait people into selling cheap. Supposedly everyone bought at 26 bts. Not to mention the account selling http://cryptofresh.com/u/tcby1979 got them directly from Ronny instead of buying them from the market. Even with the OBITS promotions it doesn't get much cheaper than that.

So imo it doesn't make much sense to sell that amount at that price. It makes sense though in triggering people to sell at lower prices.

Quote from: Akado on January 31, 2016, 03:08:32 PM

Quote from: uqaz on January 30, 2016, 10:52:02 PM

Quote from: yvv on January 30, 2016, 07:36:15 PM

Quote from: Akado on January 30, 2016, 07:29:26 PM
Well if you don't trust OpenLedger/CCEDK it's really simple, you don't buy OBITS

I have no single reason to trust them.  This does not mean that I will never want to gamble with their token. I perfectly understand the risk to lose my money if I ever do this. For now, I prefer to observe, how all this thing goes.

If you're not interested in this for long term, you just flip it.

Akado, thanks. Abusing of your kindness, with that ammount of BTS, what would br the price in obits/BTS if buy jack happenned NOW? Sorry, my internet sucks here...

@uqaz no problem, happy to help  :)

there is not defined price. atm those 1.3M BTS will "eat" the order book if I'm not mistaken. Any sell orders those 11.3 can buy, they will. If for example there was only one sell order on the books, selling 1000 OBITS for 1 full BTC, that would be the price. It will buy whatever it can on the sell side. Take into account 10% will be used to buy on the OBITS/OPENBTC market. The other 90% will be on the OBITS/BTS market.

Friend, thank you very much, but i think u didn't get what i meant.

We just have to make a "sumproduct" with two columns table "Sell OBITS for BTS". See, when sumproduct = 90% x 1,347,000, wu can find the final price of this burn.

Now, my internet is ok, i find 25 BTS/OBITS (i expected much more...).

Thanks for your time.

Quote from: uqaz on January 30, 2016, 10:52:02 PM

Quote from: yvv on January 30, 2016, 07:36:15 PM

Quote from: Akado on January 30, 2016, 07:29:26 PM
Well if you don't trust OpenLedger/CCEDK it's really simple, you don't buy OBITS

I have no single reason to trust them.  This does not mean that I will never want to gamble with their token. I perfectly understand the risk to lose my money if I ever do this. For now, I prefer to observe, how all this thing goes.

If you're not interested in this for long term, you just flip it.

Akado, thanks. Abusing of your kindness, with that ammount of BTS, what would br the price in obits/BTS if buy jack happenned NOW? Sorry, my internet sucks here...

@uqaz no problem, happy to help  :)

there is not defined price. atm those 1.3M BTS will "eat" the order book if I'm not mistaken. Any sell orders those 11.3 can buy, they will. If for example there was only one sell order on the books, selling 1000 OBITS for 1 full BTC, that would be the price. It will buy whatever it can on the sell side. Take into account 10% will be used to buy on the OBITS/OPENBTC market. The other 90% will be on the OBITS/BTS market.

Quote from: yvv on January 30, 2016, 07:36:15 PM

Quote from: Akado on January 30, 2016, 07:29:26 PM
Well if you don't trust OpenLedger/CCEDK it's really simple, you don't buy OBITS

I have no single reason to trust them.  This does not mean that I will never want to gamble with their token. I perfectly understand the risk to lose my money if I ever do this. For now, I prefer to observe, how all this thing goes.

If you're not interested in this for long term, you just flip it.

Akado, thanks. Abusing of your kindness, with that ammount of BTS, what would br the price in obits/BTS if buy jack happenned NOW? Sorry, my internet sucks here...

Quote from: Akado on January 30, 2016, 07:29:26 PM
Well if you don't trust OpenLedger/CCEDK it's really simple, you don't buy OBITS

I have no single reason to trust them.  This does not mean that I will never want to gamble with their token. I perfectly understand the risk to lose my money if I ever do this. For now, I prefer to observe, how all this thing goes.

Well if you don't trust OpenLedger/CCEDK it's really simple, you don't buy OBITS