Author Topic: Obits Questions  (Read 4225 times)

0 Members and 1 Guest are viewing this topic.

Offline ccedk

  • Moderator
  • Hero Member
  • *****
  • Posts: 1068
  • Synergy, community work and proactively thinking
    • View Profile
    • CCEDK.com - Danish Crypto Currency Exchange BitUSD-USD Buy and Sell Digital Currency
  • BitShares: ccedkbts
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/

Offline uqaz

  • Newbie
  • *
  • Posts: 15
    • View Profile
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?

Offline hcf27

  • Full Member
  • ***
  • Posts: 116
    • View Profile
  • BitShares: hcf27
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 »

Offline Akado

  • Hero Member
  • *****
  • Posts: 2760
    • View Profile
  • BitShares: akado
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
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline hcf27

  • Full Member
  • ***
  • Posts: 116
    • View Profile
  • BitShares: hcf27
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

  • Hero Member
  • *****
  • Posts: 2760
    • View Profile
  • BitShares: akado
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
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline hcf27

  • Full Member
  • ***
  • Posts: 116
    • View Profile
  • BitShares: hcf27
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

  • Hero Member
  • *****
  • Posts: 2760
    • View Profile
  • BitShares: akado
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
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline yvv

  • Hero Member
  • *****
  • Posts: 1177
    • View Profile
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

  • Hero Member
  • *****
  • Posts: 2760
    • View Profile
  • BitShares: akado
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
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline yvv

  • Hero Member
  • *****
  • Posts: 1177
    • View Profile
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.


Offline uqaz

  • Newbie
  • *
  • Posts: 15
    • View Profile
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

  • Hero Member
  • *****
  • Posts: 2760
    • View Profile
  • BitShares: akado
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.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline uqaz

  • Newbie
  • *
  • Posts: 15
    • View Profile
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

  • Hero Member
  • *****
  • Posts: 2760
    • View Profile
  • BitShares: akado
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 »
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads