NuBits returns to peg in $ 1, easy money!
In my last post 6 days ago NuBits - a high-risk opportunity to raise money, or lose
I wrote about the possible return of this stablecoin to peg and several X-profits. The post did not have time to close yet, and the idea has already worked! My congratulations for @brianphobos, good job! Just look at this beauty:
Unfortunately, I sat and waited 20 cents, and the price dropped only to 28. It seems that I have become too cautious because of this multi-month downtrend in the market of altcoins and I'm waiting for the "perfect deal". And such "perfect deals" are very rare and I just miss a lot of good deals. I have to adjust the risk threshold to increase it!
Well, now I need to adjust the trading plans for this coin NBT. They found money, it means that the system is alive and the risk in it is lower now. Probably the holders will begin to melt their NuBits-dollars from deposits and pour into a exchange, there is a high probability that they will break support again. So it makes sense to catch the "falling knife". Bitcoin is now stable, so I set the catching zone on BTC-NBT chart, I like the zone beetwen 5300-6200:
I charged three orders, by the ladder-scheme, I hope they will be executed!
P.S.
and as always:
Do not forget that you are fully responsible for all your actions on the market. This post is not a recommendation to action, but an exchange of views, criticism is welcome!
Thanks for the shout out! I was pleasantly surprised when I saw it jump up that much this soon!
Yes, it was nice jump! Have you already closed this position? I still did not understand what happened, read their forum, and did not get it))
I was trying to look on the forum also and didn't see anything that really showed where all the volume came from and the chat room was down as well. I haven't covered the position. I'm syncing the wallet right now and I still have some of them Parked in there earning interest. I'm 50/50 on cashing out or sticking in there and just earning more. I think it could really bounce around a lot before it returns to a dollar but this will certainly get people's attention who want to try to catch a swing. I think more concerning is the low volumes on NuShares. There needs to be more action there because if the Nu team is still selling NuShares to generate capital to buy NuBits then it becomes and issue. But you can buy NuShares through private transactions through them as well.
I am 90% sure that this is the manipulation of management,
Just look at these huge volumes:
and yesterday there were in general 5500 BTC (~ $ 36 million).
They sold their NBTs before they withdrew support at $ 0.95, and now they are speculating below the peg.
I'm not sure that I can handle a private transaction))) I work on crypto exchanges mostly. Although I'm Russian, and it's a bit risky to work for Bittrex.
I ended up selling mine at $0.72 and I'm planning on buying back in to play the dip. And then Park them at 58%. I'm hoping to get in under $0.40. It is more like a game to me at this point but it is one of the most interesting things happening in crypto right now in my opinion.
I don't know where the volumes are coming from but if you think if someone bought up Millions worth and then Parked them at 58% they could really get their cost basis down.
Personally I don't know if it will work out. I'm not sure if this is the highest park rates have ever been in the history of NuBits or not. It would be like these governments like the United States. Just keep printing your way out of the situation and taking on more "debt" . It is very intriguing to say the least.
2 days after:
"falling knife" is falling!))
Затраты на продвижение 10,0 СБД
Профит: 13.212 SBD, 5.019 SP
ну ты шпаришь, вот молодец!
Привет, а ты что тут делаешь?
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Great post!
Thanks for tasting the eden!