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Title: Dirty tricks deployed against the SFI fund on Havelock? Post by: NanoAkron on January 15, 2014, 11:46:28 PM Hi all,
As you may be aware, all 2,000,000 units of the seed coin fund (SFI) were sold today, closing out the IPO stage and raising 2,000 BTC for some very interesting companies. However, almost immediately upon closing some 1,000 BTC worth of stocks were sold off, halving the value of the fund. Is this some market manipulation by those worried by the potential of the companies within the fund, or something else I'm missing? Title: Re: Dirty tricks deployed against the SFI fund on Havelock? Post by: havelock on January 15, 2014, 11:50:25 PM Hi all, As you may be aware, all 2,000,000 units of the seed coin fund (SFI) were sold today, closing out the IPO stage and raising 2,000 BTC for some very interesting companies. However, almost immediately upon closing some 1,000 BTC worth of stocks were sold off, halving the value of the fund. Is this some market manipulation by those worried by the potential of the companies within the fund, or something else I'm missing? 1,000 Units of SFI were sold not 1,000 BTC. A total of only BTC0.8 It is normal once live trading begins for people to buy and sell into the Bids and Ask causing the Market Cap to change. Title: Re: Dirty tricks deployed against the SFI fund on Havelock? Post by: NanoAkron on January 16, 2014, 12:07:51 AM OK, there is some SERIOUS weirdness going on with the way Havelock displays values in that case - when I viewed it, SFI was only 'worth' 1,000 BTC, at 0.0005 BTC/unit - explaining my minor freak out.
I read your post just now and logged back in to double check, and you're absolutely right that it's got a market cap of 1998 BTC. Hmm... Title: Re: Dirty tricks deployed against the SFI fund on Havelock? Post by: pedrog on January 16, 2014, 01:31:08 AM OK, there is some SERIOUS weirdness going on with the way Havelock displays values in that case - when I viewed it, SFI was only 'worth' 1,000 BTC, at 0.0005 BTC/unit - explaining my minor freak out. I read your post just now and logged back in to double check, and you're absolutely right that it's got a market cap of 1998 BTC. Hmm... The calculation is made based on last trade. Title: Re: Dirty tricks deployed against the SFI fund on Havelock? Post by: GigaCoin on January 17, 2014, 02:11:00 PM i didn't see any value go down in half, i just checked and the price chart looks like a straight line
Title: Re: Dirty tricks deployed against the SFI fund on Havelock? Post by: deizel on January 17, 2014, 02:33:10 PM OK, there is some SERIOUS weirdness going on with the way Havelock displays values in that case - when I viewed it, SFI was only 'worth' 1,000 BTC, at 0.0005 BTC/unit - explaining my minor freak out. I read your post just now and logged back in to double check, and you're absolutely right that it's got a market cap of 1998 BTC. Hmm... According to the API, the only 0.0005-something trade (also the lowest trade) happen during these 3 consecutive trades:
You must have looked during the 50 minute period of 6pm (Havelock time) where the last trade would have been @ 0.00051. At the time the 0.00051 bid was placed and fulfilled, there must have been no bids between 0.0008 and 0.00049999. This could be disproved if there were any bids in that range placed before the 0.00051 trade happened, but no such bids exist currently. |