BTC this week -10.56%
so thank you very much Mr. Potato keep a dumping!
0.013-0.030 seems to be the new market ... rather wide spread between ask/bids
the buy-in of feb1 (1500kg) may have been this dump
the wall at 0.012 range is very strong
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Mintpal stole only 401.228 UNO
yes stole is the correct word (mostly Knife's ... bum deal)
We'll see if jolly ol'England courts get it back to the rightful owners or not.
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regarding price
I am beginning think that UNO will always be volatile on top ...
Example right now the ask price is 0.016-0.030
and if you want $2000 of UN you clear the books
But over time the bottom (support) will be extremely stable and always creeping up.
Example right now at 0.012 is deep support ... now add in a more sophisticated Un-Ex ... you get granite like support lines.
We'll likely hold the spot in $dollars too as to prevent BTC risk.The crypto day traders will eventual start to provide ask liquidity for the buyers ... so this is perhaps not so bad.
And sellers (even in $1000s) will always have a good idea on the 30day price range.
BTC is good in that it always rains inflation that fill bid orders ... but that leads to 'overstock' and breaks price supports.
UNO is the opposite ... easy support to maintain due to low inflation but difficult to cool hot markets ... they can be very spiky (up) and there is little advantage gained to supply 'investor' UN to narrow the daily trading gaps. As savvy day traders might just use it as ammo for rapid accumulation and dump.
Let the only 'book' supply be miners selling as they wish (more or less).
