- AURORACOIN -

[Bimmerhead]

It seems most currency controls will be lifted on coming Tuesday:

http://icelandmonitor.mbl.is/news/politics_and_society/2017/03/12/iceland_government_lifts_capital_controls/

Could that see the ISK resume a downward trajectory?

[demokritos]

It seems most currency controls will be lifted on coming Tuesday:

http://icelandmonitor.mbl.is/news/politics_and_society/2017/03/12/iceland_government_lifts_capital_controls/

Could that see the ISK resume a downward trajectory?

Hopefully. That's at least the reason why I just bought me some more AUR today.

I'm definitely have to go to that gelato place and spend some of it.

[preble]

https://www.bloomberg.com/news/articles/2017-03-12/iceland-removes-krona-controls-more-than-eight-years-after-crash

Even though Iceland supposedly removes capital controls on the krona, they are buying up international krona to try to keep it stable at a set rate. I think the market should truly decide price which makes auroracoin a good alternative. When the next recession hits people will predictively flee to other alternatives and auroracoin will be there.

Here is a quote from article,

"The government also announced on Sunday that the central bank bought about 90 billion kronur ($834 million) at 137.5 krona per euro from remaining offshore holders of the currency to “safeguard the economy against monetary, exchange rate, and financial instability.” There now remains about 100 billion kronur in such holdings.
The krona traded at 114.95 per euro as of Friday.

Restrictions will still be in place for some of the funds that won’t sell the central bank their offshore kronur at 137.5 per euro. They have another two weeks to complete the transactions, the central bank said."

[preble]

https://www.bloomberg.com/news/articles/2017-03-12/iceland-removes-krona-controls-more-than-eight-years-after-crash

Even though Iceland supposedly removes capital controls on the krona, they are buying up international krona to try to keep it stable at a set rate. I think the market should truly decide price which makes auroracoin a good alternative. When the next recession hits people will predictively flee to other alternatives and auroracoin will be there.

Here is a quote from article,

"The government also announced on Sunday that the central bank bought about 90 billion kronur ($834 million) at 137.5 krona per euro from remaining offshore holders of the currency to “safeguard the economy against monetary, exchange rate, and financial instability.” There now remains about 100 billion kronur in such holdings.
The krona traded at 114.95 per euro as of Friday.

Restrictions will still be in place for some of the funds that won’t sell the central bank their offshore kronur at 137.5 per euro. They have another two weeks to complete the transactions, the central bank said."

What is interesting about this is that the market is 115 krona per euro, but the central bank wants 137.5 krona for every euro. Does anyone know why anybody would sell to the central bank at a 20% loss compared to market. And also how could the central bank pay in euros if the currency controls aren't lifted till Tuesday.

[molecular]

I'm definitely have to go to that gelato place and spend some of it.

A shop in Iceland... accepts Auroracoin... sells.... (wait for it...) ICECREAM. Lol.

[molecular]

What is interesting about this is that the market is 115 krona per euro, but the central bank wants 137.5 krona for every euro. Does anyone know why anybody would sell to the central bank at a 20% loss compared to market. And also how could the central bank pay in euros if the currency controls aren't lifted till Tuesday.

When you want to fill a large order that exceeds the liquidity of the market at current prices, you'll have to pay a higher price to find enough sellers. That's probably what was the case here, no?

[LTEX]

What is interesting about this is that the market is 115 krona per euro, but the central bank wants 137.5 krona for every euro. Does anyone know why anybody would sell to the central bank at a 20% loss compared to market. And also how could the central bank pay in euros if the currency controls aren't lifted till Tuesday.

When you want to fill a large order that exceeds the liquidity of the market at current prices, you'll have to pay a higher price to find enough sellers. That's probably what was the case here, no?

Well not entirely. They wanted their larger order filled and it surely exceeded liquidity. But in stead of paying a higher price for it (what would be the logical way of markets), they got a 20% lower price. Wish I could get those deals as well! Like put a buy order for 10k BTC @ $ 1000 and get it filled instantly, lol 

[preble]

What is interesting about this is that the market is 115 krona per euro, but the central bank wants 137.5 krona for every euro. Does anyone know why anybody would sell to the central bank at a 20% loss compared to market. And also how could the central bank pay in euros if the currency controls aren't lifted till Tuesday.

When you want to fill a large order that exceeds the liquidity of the market at current prices, you'll have to pay a higher price to find enough sellers. That's probably what was the case here, no?

Well not entirely. They wanted their larger order filled and it surely exceeded liquidity. But in stead of paying a higher price for it (what would be the logical way of markets), they got a 20% lower price. Wish I could get those deals as well! Like put a buy order for 10k BTC @ $ 1000 and get it filled instantly, lol 

I wish I could too lol. I can't complain though I made 1 btc on trading today. Yay!

[BioMike]

ISK is also very volatile. You could easily loose more than 20% if not selling now. When bought in 2008 post-crash you could have a nice profit now... even with 20% loss.

[dinobotta]

ISK is also very volatile. You could easily loose more than 20% if not selling now. When bought in 2008 post-crash you could have a nice profit now... even with 20% loss.

ISK is loosing 4% against all currencies as we speak....

[preble]

ISK is also very volatile. You could easily loose more than 20% if not selling now. When bought in 2008 post-crash you could have a nice profit now... even with 20% loss.

ISK is loosing 4% against all currencies as we speak....

Interesting. I guess the Tuesday news is affecting the price. 119 krona is equal to 1 euro now.

http://www.xe.com/currency/isk-icelandic-krona

[dinobotta]

What is interesting about this is that the market is 115 krona per euro, but the central bank wants 137.5 krona for every euro. Does anyone know why anybody would sell to the central bank at a 20% loss compared to market. And also how could the central bank pay in euros if the currency controls aren't lifted till Tuesday.

When you want to fill a large order that exceeds the liquidity of the market at current prices, you'll have to pay a higher price to find enough sellers. That's probably what was the case here, no?

This is ironic. Last year the Central Bank gave the hedge funds that hold ISK a one time offer to sell their ISK for I think 190 ISK/EUR or else they will be locked in the ISK forever...

Now 9 months later they are trying to settle this by offering them 137 ISK/EUR or about 30% higher price... but the real rate for other owners of ISK is about 115 ISK/EUR the 20% mentioned in the article. This shows how much amateurs the Finance minister of Iceland and the Icelandic Central bank are.

Imagine that you can bully your Central bank like this...

[preble]

I checked the 3 day volume chart on https://isx.is/ and the volume for last 3 days was even slightly more now than before the big election in October. Again they aren't big numbers but it looks promising that people are utilizing the exchange and buying more auroracoin. I think people expected the pirate party to do better however if the pirate party got one seat or 30 I like the prospects of AUR.

[BioMike]

I checked the 3 day volume chart on https://isx.is/ and the volume for last 3 days was even slightly more now than before the big election in October. Again they aren't big numbers but it looks promising that people are utilizing the exchange and buying more auroracoin. I think people expected the pirate party to do better however if the pirate party got one seat or 30 I like the prospects of AUR.

There is increased liquidity on ISX compared to November. It is worthwhile to trade there now. That explains the volume.

[systh]

Hey,

I'm maintaining Cryptocoins – the most complete vector/webfont cryptocurrency icon pack; just released a new update (2.2) including AuroraCoin!

• Demo/Download (fork & contribute): https://github.com/AllienWorks/cryptocoins

Hope you won't mind me posting here (other communities appreciate it).
If you like the work, tip me crypto and support further development:

AUR: ANGpXsA2LeMwsKnt7U11VEmiL45LLLofne
BTC: 1BL4weJNR4G2CxVgTtaXf2DPqRV7Qj64iG

Cheers!
~ Allien

[Trukkur]

now we are seeing news like these http://www.visir.is/helmingur-ferda-til-islands-afbokadur-vegna-verdlags/article/2017170318872

It's about the Icelandic tourist industry.

one tourist booking company has half of it's summer trips to Iceland, canceled because it's getting more expansive to be in Iceland.

could Auroracoin be a game changer for tourists in Iceland?

[preble]

6000 volume on ISX exchange. I don't think I have seen it that high ever, am I wrong?

[silencesilence]

Is there AURORACOIN roadmap ?

[dinobotta]

6000 volume on ISX exchange. I don't think I have seen it that high ever, am I wrong?

40K on isx.is

[Trukkur]

6000 volume on ISX exchange. I don't think I have seen it that high ever, am I wrong?

40K on isx.is

I think he is talking about 6000$ USD from https://coinmarketcap.com/currencies/auroracoin/#markets