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TravelsAsia

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Obits Questions
« on: December 18, 2015, 05:11:47 pm »
If these questions were already answered,  no problem just providing a link with the location it was addressed.

1. With only a portion of the Obits sold, is there a cutoff date when you personally stop selling Obits and allow the market to determine the price?

If so, will those unsold Obits be destroyed?

2. Could you provide the link on exactly how profits are calculated? Will it be a different model between OL, Nanocard and the upcoming Casino?

3. During the buyback, is there a way for investors to be sure that CCEDK doesn't issue additional Obits and buy them back themselves?
« Last Edit: December 20, 2015, 05:06:57 pm by TravelsAsia »

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Re: Obits Questions
« Reply #1 on: December 18, 2015, 06:00:06 pm »
pinging [member=23432]ccedk[/member]
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

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Re: Obits Questions
« Reply #2 on: December 20, 2015, 12:05:42 am »
If these questions were already answered,  no problem just providing a link with the location it was addressed.

1. With only a portion of the Obits sold, is there a cutoff date when you personally stop selling Obits and allow the market to determine the price?

If so, will those unsold Obits be destroyed?

2. Could you provide the link on exactly how profits are calculated? Will it be a different model between OL, Nanocard and the upcoming Casino?

Having my day off today, will try to answer it all tomorrow, in the meantime feel free to read this new article. It is strange how they left out my expected launch times but all in all ok:

http://www.newsbtc.com/2015/12/19/exclusive-newsbtc-interviews-ronny-boesing-from-ccedk-and-obits/
OBITS - a token of appreciation  http://obits.io/
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ICOO Prelaunch ICO asset - http://icoo.io/

TravelsAsia

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Re: Obits Questions
« Reply #3 on: December 20, 2015, 05:11:23 pm »
If these questions were already answered,  no problem just providing a link with the location it was addressed.

1. With only a portion of the Obits sold, is there a cutoff date when you personally stop selling Obits and allow the market to determine the price?

If so, will those unsold Obits be destroyed?

2. Could you provide the link on exactly how profits are calculated? Will it be a different model between OL, Nanocard and the upcoming Casino?

Having my day off today, will try to answer it all tomorrow, in the meantime feel free to read this new article. It is strange how they left out my expected launch times but all in all ok:

http://www.newsbtc.com/2015/12/19/exclusive-newsbtc-interviews-ronny-boesing-from-ccedk-and-obits/

"Ripple, NanoCard and PayPal are based on a fully operational multi-sig account functionality on the platform and it is expected to be fully up and running come February 2016."

Great developments.  I added an additional question above.

Offline yvv

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Re: Obits Questions
« Reply #4 on: December 20, 2015, 05:59:06 pm »
Just wait for one month more, and we all see what they deliver. My impression now is that they badly overpromiss.

Offline ccedk

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Re: Obits Questions
« Reply #5 on: December 20, 2015, 07:58:32 pm »
If these questions were already answered,  no problem just providing a link with the location it was addressed.

1. With only a portion of the Obits sold, is there a cutoff date when you personally stop selling Obits and allow the market to determine the price?

2. Could you provide the link on exactly how profits are calculated? Will it be a different model between OL, Nanocard and the upcoming Casino?

3. During the buyback, is there a way for investors to be sure that CCEDK doesn't issue additional Obits and buy them back themselves?


1. With only a portion of the Obits sold, is there a cutoff date when you personally stop selling Obits and allow the market to determine the price?

It has never been the intent to stop selling OBITS. We have created an amount which we felt was suitable to identify the value of Openledger within a period of 2-3 years if the platform is developing according to expectations and in the interest of all users.

In order to let market work on its own, we dont sell on any markets at a price below 24,50 bts.

We already reached the target of minimum 20% to make it worth starting a  buyback, and that is set as first time 1st day of February, allowing whatever is released from Openledger-reg to be one major part of first buyback amount(I expect first buyback to be around 1,5 to 3 million bts).

We will continue selling OBITS also after buyback, if any left, why not?

This is not a get rich quick sceme and we are in it for the long haul, and just like any other business, you offer a certain amount of value for people to buy, which will be sold sooner or later all based on the success we will hopefully have with OpenLedger.

We are already sure to have minimum 1 million from OpenLedger-reg alone more or less so that is a good start.


If so, will those unsold Obits be destroyed? All OBITS bought back will be destroyed or burned, bottom line it will no longer be a part of total supply.

2. Could you provide the link on exactly how profits are calculated? Will it be a different model between OL, Nanocard and the upcoming Casino? Not sure I understand what you mean with how profits are calculated.

We had 50% of all fees on OpenLedger, and have been telling in media that the open source announcement made it possible to offer 100% instead(100% of 80% since 20% is for the network.)

All models whether NanoCard, Ripple, Paypal, fiat gateway, casino etc.added to OBITS is set to be 100% of the profits added to the revenue stream.

It is 100% on all acitivities connected to Openledger meaning also the deposit and withdrawal fees of fiat gateway of 2-3% deposit.

What we cannot guarantee yet are the fees connected to activities on CCEDK itself due to legal aspects in all of this.



3. During the buyback, is there a way for investors to be sure that CCEDK doesn't issue additional Obits and buy them back themselves?

First of all what would the incentive be to issue more? Would we not loose trust, integrity and belief in us if this would happen?, secondly It has been told before and I am happy to say it again, that there is no reason whatsoever to think of any dillution in terms of any added OBITS, because it will never happen.

Third, OpenLedger is as transparent and open as can be, that is the whole point, so we would never be able to do buyback ourselves without you knowing it, less alone issuing new ones which is not going to happen.

The only time we will issue new OBITS, is when the last OBITS of present supply has been bought back! With a constant value increase of revenue stream on OpenLedger, it may take a very long time before all is bought back.

Strategically it would not make sense to buyback ourselves, let alone issue new ones as we would loose the trust of all OBITS owners, and how would we be able to sell the remaining amount if anyone thought like that.


I have answered with comments in other colour below each qustions as I am not sure right of hand if you can find information anywhere on this.

I know that a constant update of what is generated for buyback is about to be added to OBITS site, and in general there is no interest at all trying to hide any information as we do try to make all as transparrent as possible.

With that in mind I will make sure that your questions here are mentioned on site where it seems best place to put most probably ider FAQ's.

I will try to have all of this put in a nice way on FAQ over the holidays for all outside the community to see also.

I think it is worth mentioning also that we had a fiat gateway option ready from time of launch but was advised to wait, which is the reason why the fiat gateway as an option is not OpenLedger yet. There is nothing we woul have preferred more that to have been able to offer this already.

Also we would have loved to offer 100% of the transaction fees on all th Open assets like OpenBTC, OPEMLTC etc. it is however initially made posible on the bae of a contract between Cryptonomex and Blocktrades, adn I have accepted for this to continue alo now when Cryptnomex has left as the partner of OpenLedger, with CCEDK in charge of the full 80% as registrar.

We have all the interest in adding features to OpenLedger and will do this in the new year according to what i possible, we are  limited in the way that we are depending on the development on platform itself, and better communication in future will have to be one of the requirements for better fulfillment.

« Last Edit: December 20, 2015, 08:14:34 pm by ccedk »
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Offline ccedk

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Re: Obits Questions
« Reply #6 on: December 20, 2015, 08:44:44 pm »
Just wait for one month more, and we all see what they deliver. My impression now is that they badly overpromiss.

Please let me know what we have promised which you believe we will not deliver? If you are one of the OBITS owners who wants to buy back on feb 1st, I guess you are hoping all will happen before that time so that price will jump, but price will jump on the OBITS owners believing in OpenLedger and BTS 2.0 platform only, an that can take months to even a year from now before we have all up and fully functional on the platform, and mind you this is not CCEDK making that possible, it is the shareholers all holding an interest in making BitShares platform stand as something unique and wordth fighting for.

If you dont believe in the platform and therefore also OpenLedger I suggest you sell OBITS asap, but otherwise, I cannot really understand why you would start talking about overpromising on something where you if you are an OBITS owner is all part of making magic happen!

Negaitivity has never made any goals, but believing can create wonders!

Let m run you some numbers on what I hope will happen in this new year of 2016 as well as present stats easily accessible thanks to cryptofresh.com.

http://cryptofresh.com/u/openledger-reg the ccedk account of OpenLedger showing all profits made so far in regards to transaction fees and other ones, worth mentioning is that the past couple of months have been used to improve platform, and it is possible to see and daily change to the better towards a top designed platform

Here is an overview of the fees on platform

http://cryptofresh.com/fees


The details of obits account from where OBITS is sent and general update on what is left:

http://cryptofresh.com/u/obits



Statistics on OBITS asset:

http://cryptofresh.com/a/OBITS

Worth mentioning: 275 accounts sunday one week ago and now dec 20th, 284 have so far have bought OBITS, you can also see the accounts placing buy and sell orders on OBITS market


Statistics an charts


http://cryptofresh.com/charts

For instance 3580 unique accounts created one week ago, 3781 today dec. 20th 2015.

This one below to show how many Life Time member accounts have been created so far

https://bitshares.openledger.info/refscoreboard

With 3781 signups and in this link info how many users are referred by Life Time members as well 2936 users

3781-2936 = accounts created based on referral link of Life Time member

With 3781 signups we have an average of 60 sign-ups a day


The goal in 2016 is 120-180 signups a day, which I believe will come soon in the new year, making us reach an approx amount of users 60.000 by the end of 2016 if all works more or less according to expectations.

With 60.000 users on exchange, it is not far from an estimated daily  volume in profits of some USD 4000-6000 equivalent, and we have reached the goal of doing the same as some of the top 5 major exchanges, and 2017 will be all about the sky is really the limit!


Other news: Within next 10 day we have a special high quality use case video out, with the tag title OpenLedger - Smart Trading Decentralized, pointing out the difference between centralized and decentralized with OpenLedger in focus an OBITS as the profitable example of an asset on platform. Furthermore at one week later we also present a high quality How to register video presentation as well.

« Last Edit: December 22, 2015, 10:18:09 am by ccedk »
OBITS - a token of appreciation  http://obits.io/
OpenLedger Webwallet - https://bitshares.openledger.info
ICOO Prelaunch ICO asset - http://icoo.io/

Offline salva82

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Re: Obits Questions
« Reply #7 on: December 21, 2015, 02:34:00 pm »
Ronny, I'm a big holder of obits, I would like to know why there is a big difference between the capitalization obits.io ($ 1.18 million) and that of CoinMarketCap ($ 225.000). hello, and good job, I believe a lot in your project.

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Re: Obits Questions
« Reply #8 on: December 21, 2015, 02:43:01 pm »
Just wait for one month more, and we all see what they deliver. My impression now is that they badly overpromiss.

Please let me know what we have promised which you believe we will not deliver? If you are one of the OBITS owners who wants to buy back on feb 1st, I guess you are hoping all will happen before that time so that price will jump, but price will jump on the OBITS owners believing in OpenLedger and BTS 2.0 platform only, an that can take months to even a year from now before we have all up and fully functional on the platform, and mind you this is not CCEDK making that possible, it is the shareholers all holding an interest in making BitShares platform stand as something unique and wordth fighting for.

If you dont believe in the platform and therefore also OpenLedger I suggest you sell OBITS asap, but otherwise, I cannot really understand why you would start talking about overpromising on something where you if you are an OBITS owner is all part of making magic happen!

Negaitivity has never made any goals, but believing can create wonders!

Let m run you some numbers on what I hope will happen in this new year of 2016 as well as present stats easily accessible thanks to cryptofresh.com.

http://cryptofresh.com/u/openledger-reg the ccedk account of OpenLedger showing all profits made so far in regards to transaction fees and other ones, worth mentioning is that the past couple of months have been used to improve platform, and it is possible to see and daily change to the better towards a top designed platform

Here is an overview of the fees on platform

http://cryptofresh.com/fees


The details of obits account from where OBITS is sent and general update on what is left:

http://cryptofresh.com/u/obits



Statistics on OBITS asset:

http://cryptofresh.com/a/OBITS

Worth mentioning: 275 accounts sunday one week ago and now dec 20th, 284 have so far have bought OBITS, you can also see the accounts placing buy and sell orders on OBITS market


Statistics an charts


http://cryptofresh.com/charts

For instance 3580 unique accounts created one week ago, 3781 today dec. 20th 2015.

This one below to show how many Life Time member accounts have been created so far

https://bitshares.openledger.info/refscoreboard

With 3781 signups and in this link info how many users are referred by Life Time members as well 2936 users

3781-2936 = accounts created based on referral link of Life Time member

With 3781 signups we have an average of 60 sign-ups a day


The goal in 2016 is 120-180 signups a day, which I believe will come soon in the new year, making us reach an approx amount of users 60.000 by the end of 2016 if all works more or less according to expectations.

With 60.000 users on exchange, it is not far from an estimated daily  volume in profits of some USD 4000-6000 equivalent, and we have reached the goal of doing the same as some of the top 5 major exchanges, and 2017 will be all about the sky is really the limit!


Other news: Within next 10 day we have a special high quality use case video out, with the tag title OpenLedger - Smart Trading Decentralized, pointing out the difference between centralized and decentralized with OpenLedger in focus an OBITS as the profitable example of an asset on platform. Furthermore at one week later we also present a high quality How to register video presentation as well.


+5% +5% +5%

Offline yvv

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Re: Obits Questions
« Reply #9 on: December 21, 2015, 05:08:25 pm »
Just wait for one month more, and we all see what they deliver. My impression now is that they badly overpromiss.

Please let me know what we have promised which you believe we will not deliver?

You promise a fucking lot, and deliver nothing to me personally yet. You don't need to write a 50 lines of crap to me, because I don't buy your bullshit anyway. Just don't waist your time, go do what you promise, otherwise you end up in crap.

Offline ccedk

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Re: Obits Questions
« Reply #10 on: December 22, 2015, 10:23:48 am »
Ronny, I'm a big holder of obits, I would like to know why there is a big difference between the capitalization obits.io ($ 1.18 million) and that of CoinMarketCap ($ 225.000). hello, and good job, I believe a lot in your project.

When doing the marketcap on CMC we were told that only way to get listed on CMC was to provide the amount sold to public only, and not the amount totally available as supply.

They said this was particular important in regards to assets, where the supply was on the hands of the issuer.

So what you see on CMC, is a weekly updated marketcap in terms of amount of OBITS sold.

It has been updated two times already.
OBITS - a token of appreciation  http://obits.io/
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ICOO Prelaunch ICO asset - http://icoo.io/

38PTSWarrior

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Re: Obits Questions
« Reply #11 on: December 22, 2015, 04:25:59 pm »
Off-topic: Congrats to the rise in price of OBITS.

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Re: Obits Questions
« Reply #12 on: January 27, 2016, 12:55:42 am »
Hey, just saw http://obits.io/#stats that the number of obits for sale were from 71%, to now 42%...

Is this related with today's avalanche in altcoin?

What just happenned ?!

Offline Akado

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Re: Obits Questions
« Reply #13 on: January 27, 2016, 12:58:12 am »
Hey, just saw http://obits.io/#stats that the number of obits for sale were from 71%, to now 42%...

Is this related with today's avalanche in altcoin?

What just happenned ?!

private investors ? people buying otc
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Re: Obits Questions
« Reply #14 on: January 27, 2016, 01:03:16 am »
Hey, just saw http://obits.io/#stats that the number of obits for sale were from 71%, to now 42%...

Is this related with today's avalanche in altcoin?

What just happenned ?!

private investors ? people buying otc
I mean, it's prattically the end of the crownd-funding...40% will belong to CCEDK, the other 60% to other investors...

Man, that came from nowhere lol

Let's wait for Ronny on this.

« Last Edit: January 27, 2016, 01:05:31 am by uqaz »

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Re: Obits Questions
« Reply #15 on: January 28, 2016, 08:46:48 am »
there is no worries in this except I just wanted to make it more clear what is left for the world to buy for now an in future, as I move the 30% initially belonging to CCEDK to ccedkbts, which one can see on explorer also.

This way, once we put a hold of sell from OBITS account on Jan 1st, it is then clear what will be posible to buy in future, even though future project only will be offered a smaller part of this, slowly reducing the remaining amount available for users to buy from issuer supply.
OBITS - a token of appreciation  http://obits.io/
OpenLedger Webwallet - https://bitshares.openledger.info
ICOO Prelaunch ICO asset - http://icoo.io/

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Re: Obits Questions
« Reply #16 on: January 28, 2016, 12:59:00 pm »
Ok, that makes sense.

Can you tell us the accumulated value in the first-and-last buy back is how many BTCs?

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Re: Obits Questions
« Reply #17 on: January 30, 2016, 02:14:09 pm »
Hello,

I am new to bitshares and OpenLeedger, so far I have liked what I have seen, fees are rather high so I got me a membership too.

I have bought some obits since I think its a great project in theory, if they deliver this has a good chance of becoming a great long term investment.

Regards!
« Last Edit: January 30, 2016, 03:20:33 pm by hcf27 »

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Re: Obits Questions
« Reply #18 on: January 30, 2016, 02:18:18 pm »
Ok, that makes sense.

Can you tell us the accumulated value in the first-and-last buy back is how many BTCs?

[member=41533]uqaz[/member]

http://www.obits.io/

1347000 BTS accumulated so far. At 900 satoshis per bts (bts price on Polo atm) that gives ~12.123 BTC
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Re: Obits Questions
« Reply #19 on: January 30, 2016, 03:27:36 pm »
Ok, that makes sense.

Can you tell us the accumulated value in the first-and-last buy back is how many BTCs?

[member=41533]uqaz[/member]

http://www.obits.io/

1347000 BTS accumulated so far. At 900 satoshis per bts (bts price on Polo atm) that gives ~12.123 BTC

What I cant seem to find on cryptofresh is how many of the orders on the DEX are from Obits account (if any)

Offline Akado

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Re: Obits Questions
« Reply #20 on: January 30, 2016, 03:50:37 pm »
Ok, that makes sense.

Can you tell us the accumulated value in the first-and-last buy back is how many BTCs?

[member=41533]uqaz[/member]

http://www.obits.io/

1347000 BTS accumulated so far. At 900 satoshis per bts (bts price on Polo atm) that gives ~12.123 BTC

What I cant seem to find on cryptofresh is how many of the orders on the DEX are from Obits account (if any)

Buy orders will only be placed on 1st of February according to Ronny
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Re: Obits Questions
« Reply #21 on: January 30, 2016, 03:59:00 pm »
Ok, that makes sense.

Can you tell us the accumulated value in the first-and-last buy back is how many BTCs?

[member=41533]uqaz[/member]

http://www.obits.io/

1347000 BTS accumulated so far. At 900 satoshis per bts (bts price on Polo atm) that gives ~12.123 BTC

What I cant seem to find on cryptofresh is how many of the orders on the DEX are from Obits account (if any)

Buy orders will only be placed on 1st of February according to Ronny

Yes but they have sell orders at the moment, right? they will probably be taken off, otherwise they will be buying their own obits

Offline Akado

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Re: Obits Questions
« Reply #22 on: January 30, 2016, 04:08:45 pm »
Ok, that makes sense.

Can you tell us the accumulated value in the first-and-last buy back is how many BTCs?

[member=41533]uqaz[/member]

http://www.obits.io/

1347000 BTS accumulated so far. At 900 satoshis per bts (bts price on Polo atm) that gives ~12.123 BTC

What I cant seem to find on cryptofresh is how many of the orders on the DEX are from Obits account (if any)

Buy orders will only be placed on 1st of February according to Ronny

Yes but they have sell orders at the moment, right? they will probably be taken off, otherwise they will be buying their own obits

They don't. You can check here
http://cryptofresh.com/a/OBITS

There's no account mane "obits" or "ccedk" selling obits. they did in the past but took them off because of the buy back
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Offline yvv

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Re: Obits Questions
« Reply #23 on: January 30, 2016, 07:11:36 pm »
Ok, that makes sense.

Can you tell us the accumulated value in the first-and-last buy back is how many BTCs?

[member=41533]uqaz[/member]

http://www.obits.io/

1347000 BTS accumulated so far. At 900 satoshis per bts (bts price on Polo atm) that gives ~12.123 BTC

What I cant seem to find on cryptofresh is how many of the orders on the DEX are from Obits account (if any)

Buy orders will only be placed on 1st of February according to Ronny

Yes but they have sell orders at the moment, right? they will probably be taken off, otherwise they will be buying their own obits

They don't. You can check here
http://cryptofresh.com/a/OBITS

There's no account mane "obits" or "ccedk" selling obits. they did in the past but took them off because of the buy back

This does not mean that they don't have sell orders. Any of those selling accounts can belong to ccedk. It is not possible to check this. Although, everything happens in open ledger, this scheme is absolutely opaque. This is a big obstacle for adoption of distributed ledgers by FIs.

Offline Akado

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Re: Obits Questions
« Reply #24 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
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Offline yvv

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Re: Obits Questions
« Reply #25 on: January 30, 2016, 07:36:15 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.


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Re: Obits Questions
« Reply #26 on: January 30, 2016, 10:52:02 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...

Offline Akado

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Re: Obits Questions
« Reply #27 on: January 31, 2016, 03:08:32 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...

[member=41533]uqaz[/member] 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.
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Offline uqaz

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Re: Obits Questions
« Reply #28 on: January 31, 2016, 07:14:02 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...

[member=41533]uqaz[/member] 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.


Offline Akado

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Re: Obits Questions
« Reply #29 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.
« Last Edit: January 31, 2016, 11:49:58 pm by Akado »
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Offline uqaz

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Re: Obits Questions
« Reply #30 on: February 01, 2016, 12:06:38 am »
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

Offline Akado

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Re: Obits Questions
« Reply #31 on: February 01, 2016, 12:25:33 am »
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.
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Offline uqaz

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Re: Obits Questions
« Reply #32 on: February 01, 2016, 12:30:11 am »
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.

Offline hcf27

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Re: Obits Questions
« Reply #33 on: February 01, 2016, 07:59:42 pm »
Any1 knows why the date of the buyback was changed from today to tomorrow 10am?

« Last Edit: February 01, 2016, 08:16:34 pm by ccedk »

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Re: Obits Questions
« Reply #34 on: February 01, 2016, 08:16:45 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.
« Last Edit: February 01, 2016, 08:21:03 pm by ccedk »
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Offline hcf27

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Re: Obits Questions
« Reply #35 on: February 01, 2016, 08:56:58 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!

Offline hcf27

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Re: Obits Questions
« Reply #36 on: February 02, 2016, 11:43:46 am »
Well, it looks like the buy back was a success!

Congrats!  +5%

Offline uqaz

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Re: Obits Questions
« Reply #37 on: March 01, 2016, 09:42:22 pm »
Hello, did we have a buy back today or dividends were distributed?

Offline jole10

Re: Obits Questions
« Reply #38 on: March 03, 2016, 06:21:43 am »
Hello, did we have a buy back today or dividends were distributed?

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