Author Topic: Obits Questions  (Read 5046 times)

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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 »

Offline openledger

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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

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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