[ANN][NFD][Nxtty] New NFD Asset: NFDNxtty!

[Nxtblg]

Unfortunately, although hinted at by the big load of asks in the sellbook, Nxttycoin slid today as a few dumpers knocked down the high bid. The first dumper, at about 2:30 AM Eastern time this morning, blew away the entire low bid with a 292'028 dump. The next two dumpers were smaller - neither dumped more than 100'000 each - but the combined oomph of the three was enough to push Nxttycoin's high bid on the Nxt AE to 0.032 Nxt. The last dumper sold well before 9 AM Eastern Time.

And then...something funny happened. The market in the AE came to a complete standstill. There've been no trades at all in the last ~16 hours.

That big dump was actually an arbitrage play from Bter. Over there, another dumper let more than 350'000 Nxttycoin go at a price of 170 satoshis. So, the aforementioned first dump on the Nxt AE was simply an arbitrageur looking to score a profit. Unfortunately, that Bter dump was enough to push Nxttycoin's price back below 200 satoshis: even the bot-paced low ask is down to 192.

It looks like those Bter dumpers were less sparse than I thought yesterday.  To the arbitrageur, whoever you were, congrats for your patience.

Nxt sank briefly below 6000 satoshis, although on low volume, but didn't stay there long. Because the Nxttycoin market was dead during the time I was making the changes - not even the high bid and low ask moved - all of my adjustments were driven by changes in Nxt itself. As I write this, the high bid for Nxttycoin is still 0.032 and the low ask - mine - is 0.0338. Since I had to propagate the dumps to the NFD AE, I'm calling it a day by leaving the offer for NFDNxtty at 102 NFD per unit and the buyback bid at 98.

Despite the hard times that Nxttycoin has been going through, it's still above the >0.03 lows that were set before I started this thread. We'll see if tomorrow brings any improvement.   

[Nxtblg]

The same dormancy for Nxttycoin on the Nxt AE that prevailed for most of yesterday continued today. Over at Bter, the only trade was a teeny tradebot-to-tradebot trade at 200 satoshis. On Nxt's AE, there were only two trades this day (Eastern time zone). Once of them was small and the other was miniscule.

Unfortunately, the small one was a Sell order at the high bid: it was large enough to blast through almost all of the bid. As I write this, the high bid is still 0.032 but it hinge by a thread of only 60 Nxttycoin. Once it goes, the next highest bid is at 0.031563...and it's only for 10'000 Nxttycoins.

There was a change in the ask book today, but it's not that encouraging. Someone lowballed my formerly low ask by landing a sell order of almost 240'000 at 0.03377. Recently, someone else joined him or her by placing another large sell order at 0.03379: this one's for 200'000. Right now, someone would have to Buy close to half a million at the asks to get the price above 0.034. That's a lot of overhang.

Unfortunately, there's far less of a cushion in the buybook. A dump of less than 70'000 would shove Nxttycoin's price down below 0.030.

Ironically, there's a fair bit of development under the hood right now. Not only is there a new interface coming with a Call feature being added - screenshots here - but also a set of security questions to add 2FA to Nxtty is being added too. Screenshots here.

So, even though the Nxttycoin market isn't all that good, improvement of Nxtty itself is continuing apace. I don't know how the market will take to the improvements once they're in production as an upgrade, but I wouldn't write Nxttycoin off.

To get back to its orderbook, the Nxt AE's high bid is the above-mentioned 0.032 and the low ask is a small sell that I snuck ahead of those two biggies at 0.0336: I'm still doin' my spread-narrowing thing. Nxt's gyrations a little above and briefly below 6000 satoshis did keep me hopping today. As I call it off for another night, I've left the orderpair for NFDNxtty at a 101 NFD offer and a 97 NFD buyback bid. You can check this anytime by firing up your NFD wallet and checking the NFDNxtty orderbook in NFD's Asset Exchange. 

[Nxtblg]

Unfortunately, NFDNxtty suffered a double whammy today that drove the offer all the way down from 101 NFD to 85 and the buyback bid from 97 to 84. Not only did Nxt itself have a bad day, falling to ~5800 satoshis, but Nxttycoin suffered too.

The huge sell wall in the low 0.03s proved to be a harbinger. Enough dumpers came forward this morning (Eastern time) to drive the high bid down to 0.0283, where it stayed for the rest of the day. Had there not been an obliging small whale snapping up the entire low ask of 158'223 Nxttycoins at exactly 0.03, the last trade would still be below that number.

Unfortunately, the high bid is still at 0.0283 and the buybook is still thin.  A hasty dump of 100'000 would drive the price down to 0.0255. The low ask is mine, at 0.0298, but it's small: you can think of it as a way of giving a little discount on the 25'000 NFDNxtty I'm offering on the NFD AE.

That dump might happen; I can see the growing gloom in the orderbook. More and more, Nxttycoin holders are either putting out lower asks or just plain folding. As a result, the Nxt AE market is almost as bad as it was when Nxttycoin was making new post-launch lows.

But the market to watch is Bter's. As I write this, there are four solid bids from 165 satoshis up to 169. At Nxt's last price of 5780 satoshis, a dump of 100'000 Nxttycoin on Bter would yield about 0.166 Bitcoin that could be sold for more than 2800 Nxt. If a spate of panic selling hits Nxt's AE and drives the low ask to 0.027 or below, an alert and nimble arbitrageur could make a nice profit by dumping his or her Nxttycoin at Bter, buying Nxt, and then hitting the ask in the AE. Assuming that the buy wall in the high 160s is still around, that is.

All and all, a depressing day where I have to sign off for the night with the NFDNxtty orderpair at 85 NFD asked and 84 NFD bid.

[Nxtblg]

Although Nxt recovered slightly today, the slide in Nxttycoin continued as the redesign work of the app itself continues under the hood. There's a former small whale who wants to get out entirely. This person dumped more that 385'000 Nxttycoin on the Nxt AE this afternoon (Eastern time) and currently has a sell order of 350'000 more at 0.0288. Luckily, a large buyer came in 0.0285 to take up more 250'000 after the ex-whale swallowed up the resident tradebot's bid of 111'456 at 0.0289.

Unfortunately, the buybook is thin once again. As a test of the market, I sold some of my surplus and put in a low ask at 0.0271 to test the market: I wanted to see if the recent plummet would induce any capitulation. So far, it's hasn't.

But still, the market is pretty depressed. All but one of the trades today - a rather high-volume day - were Sells at the bid. The lone exception was for only 6'710 Nxttycoin.

So, again, I lowered the orderpair for NFDNxtty on the Nxt AE. I'm leaving an offer of 81 NFD per unit and a buyback bid of 79.

Maybe Nxttycoin and NFDNxtty will pick up when the redesign is unveiled, but right now the market's solidly in gloom territory. The only ray of non-gloom is the fact that the Bter buybook is still as thick as it was at 165 and 166 satoshis.

[Nxtblg]

As I expected, that frustrated ex-whale did dump the rest of his or her Nxttycoin - at the bids. This drove down Nxttycoin's price to 0.0232001. Oddly, though, a substantial buyer at Bter snapped up well over 200'000 of them at prices ranging from 200 satoshis to 238! The tradebots adapted, and their piddly trades have been roughly around 200 satoshis. Consequently, the Bter market and the Nxt AE were really out of whack price-wise for most of the day.

Sad to say, though, the AE's low ask adjusted. There's a definite arbitrage opportunity at Bter, but the volume is too tiny to be worth it. Once again, any arbitrageur between the AE and Bter has to sit and wait patiently for a hasty buyer like that above-mentioned Bter buyer who did his thing almost 24 hours ago.

On the Nxt AE itself, that dump called forth a hopeful big bidder who currently wants to buy 360'000 at 0.025. That's likely an arbitrageur, waiting for another dump that (s)she can send the Nxttycoin to Bter and dump them there for Nxt. Unfortunately, that ex-whale now has no Nxttycoin so a dump would have to come from someone else. I laddered two buys myself in between that big bid: 90'000 at 2.47 and 75'000 at 0.0255. The latter was the high bid for some time, but no longer: the price discrepancy vis-à-vis Bter seems to have worked to pull up the bid.

As I write this, the low ask is 0.0283 and the high bid is 0.02616; that whaledump looks a lot like capitulation. Accordingly, I'm leaving the overnight orderpair for NFDNxtty on the NFD AE at 84 NFD for the offer and 80 NFD for the buyback bid.

[Nxtblg]

Nxttycoin quieted down today after yesterday's big dump as it settles into its below-0.03-Nxt doldrums. Although an echo dumper came in and knocked out what used to be the two high bids, those dumps were small and only pushed the price down to 0.0256 early this morning Eastern time. That dump was only for a little more than 45'000 Nxttycoins. After wards, some small Buys at the ask pushed the price up to 0.027889: the current low ask.

The buybook thinned out as that huge 350'000 Nxttycoin order at 0.025 was pulled. I did the best that I could to replace the buywall around that price, but I could only supply a little less than half of the missing order. If my three somewhat lowballish buys were completely filled, the NFDNxtty_Dedicated_Account would have 270'000 Nxttycoins in it. Had I moved the orders up to a single bid a wee bit above 0.026 and that entire bid were hit, the backing account would have 260'000. As I write this, the current high bid is 0.02561.

Nxt slumped back today, which drove down the orderpair I'm still setting for NFDNxtty in the NFD AE. As I finish up for the day, I'm leaving the overnight offer at 80.5 NFD per unit and the buyback bid at 75.5.

The Bter market is still stable, thanks to there being a lack of arbitragable opportunities. Again, arbitrage will wonly work if there's an accommodating dumper in the Nxt AE - and/or an eager buyer at Bter. All quiet on the Nxtty front...

[Nxtblg]

The Nxttycoin market of the Nxt AE was dead for almost all of today (Eastern time), but it's picked up smartly as I write this report. First of all, a couple of dumpers ate into my high-bid buywall at 0.026 Nxt. But just now, a big buyer hit the low ask and managed to swallow up three of the sellbook levels for a total buy of over 270'000. This buyer is a small whale who held a little less than 1 million Nxttycoin before that purchase.

Maybe he or she was reassured by Nxttycoin's buybook stability on Bter. There are two substantial orders at 166 and 165 satoshis that are still very much live and waiting to be dumped into. Or, it could be anticipation of the new UX upgrade.

Anyhoo, I replaced the 0.026 high bid and added another one at 0.0265 after I was outbid. Because of that whalechomp, the low ask has jumped up to a 0.0283 sell order with tiny volume. But one higher is a huge - huge - sell order of almost half a million at 0.0287. Unless that order gets pulled or raised, I don't see Nxttycoin moving up from here anytime soon. Its market has been quiet for a long time, quiet enough to make that 480'000 sell order a huge overhang relative to Nxttycoin's daily volume. The way I see it, there won't be any significant climb unless buyers get excited about Nxtty.

There's a hint of something: the buybook just fattened up with that same whale placing a huge order of more than 350'000 at 0.0258. Why is this whale accumulating right now? Your guess is as good as mine.

We'll wait and see. In the meantime, that big chomp has widened the spread somewhat, but I'm leaving my orderpair for NFDNxtty where it was for the overnight period - I have a hunch that the sellwall will regenerate. So, my ask on the NFD AE will stay at 81 NFD and my buyback order will hold at 77 NFD.

[Nxtblg]

A little after I signed off last night, something interesting took place in the Nxt AE. That same small whale bought more at the ask, and managed to push the low ask up above the 0.031 Nxt level. That buying may be a whalepump, but it may not be. If it is, then the whale is going about it more cautiously than the previous contender: he or she bought more than 250'000 more, but then pulled back. It's hard to say if those buys were an attempt to prime the Nxttycoin market or were merely buys for the long haul.

Whatever the motive, (s)he provided enough buying pressure to bring back the resident tradebot. It jacked up the high bid above mine and waited. It had to wait a long time, as the market was dead for about eight hours. Only a small buy at the ask relieved the torpor until well after 11 AM Eastern time. And then, it catered to a dumper who snapped up the entire bid except for 10'000: that 10'000 remained on the buybook until tonight. So, the Nxttycoin market is more-or-less back to where it was. Again, the high bid is mine at 0.027; as I write this, it's already being nibbled away by a small seller. But so far, that whalebuy has had a positive effect on the market. There's another 100'000 bid at 0.027, which puts the bid in line with the highest substantial bid at Bter. There were a few dumps into those two bids, probably from small arbitrageurs, but the arbitrage advantage is now gone.

Right now, the spread on the Nxt AE is a little wide. That same tradebot is at it again, this time on the sell side. It's posted the low ask of 0.029569. As I noted above, the high bid of 0.027 is mine but another bidder has joined me there. Since Nxt itself is still in the doldrums, the arithmetic works out to an overnight orderpair for NFDNxtty of 84 NFD offered and 77.5 NFD for the buyback bid.

So, any rise in Nxttycoin is still being fended off by dumpers' headwinds. For today, anyway.

[Nxtblg]

The Nxttycoin market was all but dead today. Although I lowered the bid somewhat, playing around with the tradebot, there were no trades today save for one small sell in the wee hours of this morning Easter time and one of mine that I used to reposition. That was all. After my reposition and hold, I pulled all my orders and let the high ask come to rest at 0.029569 and the high bid stay where it was at 0.027.

So, I'm leaving the overnight orderpair on the NFD AE for 88 NFD per unit of NFDNxtty and the buyback order at 81.5. And going back to watching a market that, for the first time since I started this series, is all-but comatose.

[Nxtblg]

Today, as gauged by Eastern time, the Nxttycoin market woke up again. Unfortunately, the one Sell at the bid outweighed the two smaller Buys at the ask. Interestingly, those Buys also knocked down the low ask. Since I've been inactive in the Nxttycoin market -  I'll explain why below - I haven't stepped in to narrow the spread as yet.

Over at Bter, dumpers are whittling away the formerly substantial bid for Nxttycoin at 165 satoshis. If that goes, there's not much left until 155.

As I write this, the low ask on the Nxt AE is 0.029569 and the high bid is 0.0265. Accordingly, as things keep ticking along, I've placed the NFDNxtty offer at 89 NFD per unit and the buyback bid at 81 NFD. You can check this anytime in the NFD AE.

----------

Speaking of checking, I have something to tell you which you can verify at the Nxt block explorer. When I started this Asset on Dec. 17th of last year, I sent 200'000 Nxttycoins and 6 Nxt to the backing account. As I write this, the account contains exactly 200'000 Nxttycoin and 1'644 Nxt! That's after I threw around a whole bunch of Nxt for orders and cancellations. 

At Nxttycoin's high that day, the value of the 200'000 Nxttycoins was 10'000 Nxt. So, in a little less than a month, I've managed to boost the holdings of the backing account by 15.98%. It seems that I'm a pretty good spread trader.

[Nxtblg]

Although I went back to lowering the spread in the Nxt AE, the Nxttycoin market returned to comatose therein. Only one piddly trade of 3000 Nxttycoin took place the entire day. There was action in Bter, but not action of the good kind. The formerly large bid at 165 satoshis is now gone. There are a few piddly bids starting at 164, but the highest substantial bid is at 157.

With Nxt at 6020 satoshis, 157 gives an implied price of 0.0261 Nxt per Nxttycoin. Excluding my ask of 0.027, that's slightly below two thick bids at 0.0265. Unfortunately, the arbitrage opportunity has shifted to buying at the other marketplace. Instead of providing a lift-up with respect to the Nxt AE, the Bter market is now a potential drag-down.

But the fact that the Nxttycoin market is all-but dead does have a silver lining. There are next to no buyers, but there are also next to no sellers. True, Nxttycoin has gone from capitulation to comatose, but the hands left are strong. It's now at the same price it reached during the doldrums of Nxtty's post-release letdown, and only more frustration and capitulation will drive it lower. There are three huge bids around 0.023: one of them has a volume of exactly 1'000'000.

Within this doldrum, there's actually a thriving community in Nxtty's Open Chat. True, it's small, but there is one. Where there's life in the product, but close to death in the Asset's trading, there is hope.

As I hinted above, the current high bid on the Nxt AE is mine and the low ask is influenced by mine: it's been placed by the usual tradebot. The former is at 0.027 and the latter is at 0.0279. After a day of adjusting the orderpair on the NFD AE solely because Nxt picked up, I'm leaving NFDNxtty's offer at 83 NFD and the buyback bid at 81.5 NFD.

[Nxtblg]

Right after I started writing last night's report, I saw a large sale of Nxttycoin on the Nxt AE that I first mistook for a dump. But it wasn't: the same person used the proceeds to set him- or herself up as another Nxttycoin spread trader. So now I have competition - and the benefits of such are flowing through to NFDNxtty. This trader is keeping the spread narrow, so my orderpair for NFD Nxtty is also narrow. For the entire day while I was adjusting them, the differences between my offers and my buyback bids were constant at only 0.5 NFD. That's pretty durn narrow.

Unfortunately for our new entrant, who currently has a very thick high bid of more than 200'000 Nxttycoins at 0.0266 Nxt, the market is still slow. Other than his or hers, there were only two trades and one was tiny. Both of them were Sells into his or her bid. This same person also has the low ask of 50'000 at 0.027, but it hasn't been touched yet.

At Bter, the buybook hasn't healed yet - the highest substantial bid is still at 157 satoshis, which is simply not arbitragable right now - but there are small higher bids tricking in. Trading is slow, but there is a little bit of buying pressure that has pushed up recent trades to around the 175 satoshi level. Unfortunately, the volume of each is so low that they might as well be bot buys. They might be micro-buyers.

With the Nxt AE low bid and high ask static in terms of price, my shifting of my NFDNxtty orderpair on the NFD AE was prompted by changes in Nxt itself. With another day at an end, I'm leaving the overnight orderpair on the NFD AE at 82 NFD as the offer and 81.5 as the buyback bid.

Maybe there'll be a pick-up tomorrow: we'll see. But one thing is apparent: the dumpers seem to have finally been worn down. 

[Nxtblg]

Unfortunately, the entry of that new trader got the attention of another small whale who threw in his hand and gave up. That whale dumped more than 1'000'000 Nxttycoins in mid-afternoon Eastern time and managed to blow away the first level of the huge lowball bids lurking around 0.023. The sad fact is, Nxttycoin in the Nxt AE is back to its December lows. If there's any silver lining, it's the fact that there it would take about 900'000 Nxttycoins' worth of dumping before the high bid drops below 0.0229. But after that, it's less of a journey to 0.02. 

In fact, Nxttycoin got so low on the Nxt AE that I smuggled 1000 extra Nxt into the NFDNxtty_Dedicated_Account to put in a lowball bid of my own: 40'000 at 0.0235. Unfortunately, it happens to be the high bid as I write this. The low ask is also mine: 50'000 at 0.026.

Oddly, the price at Bter has not tanked. There was a sizable dump of a little more than 200'000 at 157 and 156, and the current high bid is only 157 satoshis with the buybook thin until 143, but the 150 level is still holding.

What's really hitting Nxttycoin right now is the fact that the dumps are not being countered by any significant demand. For buyers, Nxttycoin simply isn't exciting; there's next to no interest in snapping it up. Maybe the slated improvement in the Nxtty app will gin up a bit of excitement in the Nxt community: we'll see.

But for tonight, I've set the orderpair in the NFD AE in accordance with me setting the spread in the Nxt AE. Since Nxt itself eased back a bit to slightly below 6000 satoshis, I'm leaving an offer of 77 NFD per unit of NFDNxtty and a buyback bid of 70.5.

Yep, it's a rough market...

[Nxtblg]

Well...this is a first. For the first time since I issued NFDNxtty, there were no Nxt AE trades all day (Eastern time.) Not a one. Over at Bter, the only action were two piddly little trades: the largest, by far, was for only 2000 Nxttycoin at 171 satoshis.

In other words, the Nxttycoin market was all-but dead today.

But in the orderbook, a little ray of hope came with a new bid of 300'000 at 0.02361 Nxt. It isn't the high bid - mine is - but it's welcome insulation from another big holder driving the price down with a big dump.

If you have hope for Nxttycoin, you have a good opportunity to place a lowball bid on the Nxt AE at a little above 0.023. I can't see the price going much lower than that level unless there's a huge dump fest. But that said, demand has withered: if you do so, you're in with a long hold...

Both the low ask and the high bid on the Nxt AE are once again mine: 0.026 and 0.024 respectively. Accordingly, I've set my orderpair on the NFD AE at 76.5 NFD for the NFDNxtty offer and 72 for the buyback bid. If Nxt's stability at 5900-6000 satoshis holds tomorrow, there's a good chance the orderpair will be exactly the same when I write tomorrow's report. The Nxttycoin market is that desolate.

[Nxtblg]

Nxttycoin trading woke up today, but not in a good way. As you probably have guessed already, the bulk of the trading was dumps. It actually was two dumps, of almost 240'000 combined. The first blew away my high bid and took a chunk out of the big buy order at 0.02361; the second one whittled down that same order to only 60'000 bid. 0.023 is getting closer.

Moreover, the action is worse at Bter. The buybook there is all but wrecked: Nxttycoin's high bid is only 108 satoshis and the first substantial bid is at 101. That bid had a huge chunk taken out of it by another dumper.

But while I'm on the subject...if you're looking to pick up Nxttycoin long term and have some BTC you don't need to touch, you'd do better to place a lowball bid at Bter than you would by bulking up the buybook on the Nxt AE. 108 satoshis, using the current price for Nxt, is only a wee bit more than 0.018 Nxt. If you want to get Nxttycoin at 0.02 - well below the ~900'000 buywall around 0.023 - just send some BTC up to Bter and place a bid below 120 satoshis. One dumper today drove the price down to 101 satoshis, so <120 is feasible if you have some patience.

As I write this, the Nxt AE low ask is 0.0255 Nxt and the high bid is the aforementioned 0.02361. Accordingly, I'm leaving the overnight NFDNxtty orderpair in the NFD AE at 76 NFD for the offer and 72 NFD for the buyback bid.

[Nxtblg]

Strangely, the days that Bitcointalk was out of commission saw a certain healing in the recently beleaguered Nxttycoin market. On Bter, the buybook is back in line with the Nxt AE - albeit on thin bids - and the Nxttycoin market in the Nxt AE itself has seen a preponderance of Buys that have pulled its price up from below 0.024 Nxt to its current 0.0255. For a market that's been whomped by dumpers, including a few big ones, it's a real ray of light. Buyers are now steady, in good but moderate volumes. It's the dumpers that have vanished.

Have a look at this chart from Nxt Blocks, which I've set to range from the beginning of December to today:

A chartist would say that this is an awful chart, but what it does show is a possible double bottom at the 0.023 level: the same level at which the very thick lowball bids are at. So far, Nxttycoin's trading is consistent with the double-bottom hypothesis which forecasts an upwards turn. Of course, another big dumper could put the kibosh on any healing process...but the high bid has been jacked up to 0.025 for some time now and no dumper has surfaced as yet.

I know that I'm sticking my neck into the proverbial block when I opine this, but it looks to me like the Nxttycoin market has bottomed and is turning upwards. By saying so, I'm arguing "against interest" somewhat because I have three lonely buy orders outstanding. 

That said, the current low ask is 0.026216 because the recurrent if moderate-in-size buying has cleaned out the former high bid of 0.0255. The low ask, as mentioned above, is at exactly 0.025. Accordingly, I'm leaving the NFDNxtty orderpair on NFD's AE at 78 NFD for the offer and 76 NFD for the buyback bid. Tomorrow will show if I need to do some major adjusting of those orders...

[Nxtblg]

The Nxttycoin market went back to dormancy today. There were only two trades on the Nxt AE - the total volume of both was only 50'000 - but both of them took down a high ask. One of them was actually mine, as I wanted to up the Nxttycoin holdings of the dedicated account. My bids, including the new high bid at 0.026, are still untouched.

So is the new low ask at 0.0274. Nxttycoin's price is still moving up, but on very thin volume: volume so small, it could be said that the buyers don't see the point in waiting. On the brighter side, the dumpers are still absent. There was a wee bit of a dump at Bter, but no trade there today got above four figures in volume.

Accordingly, I'm ending this quiet day by leaving the NFDNxtty orderpair in the Nxt AE as 83 for the offer and 80 for the buyback bid. The rise in both mostly reflects Nxttycoin's rise, but it got some help by Nxt stirring out of its 6000ish doldrums. 

[Nxtblg]

It proved to be the calm before the storm, unfortunately. The recent rise of Nxttycoin, surely enough, proved an open invitation for five dumpers to dump away. All of them but one dumped six figures of Nxttycoin each. One of them dumped more than 650'000; another dumped almost 300'000. A third dumped 250'000. When you consider the huge volumes, it's a surprise that the high bid wasn't pummeled down more than it was today.

But what's interesting about those dumps is that they have not been accompanied by a thickening of the sellbook. Although the high bid was crushed to 0.0229, and the low ask followed suit by dropping to 0.024643, the sellbook is still quite thin. My lowest sell order is at 0.027, and it would only take 40'000 Nxttycoin's worth of Buys to make it the low ask. Whoever wants to sell, evidently wants to sell quickly instead of waiting around. 

Now that the dump blizzard seems to be over, it'll be interesting to see if the moderate Buys come back. Until then, though, both that dumpstorm and the tumbling of Nxt itself to 5500 satoshis drove my orderpair for NFDNxtty down to only 67 NFD for the offer and only 63.5 NFD for the buyback bid. Unfortunately, both are record lows.

Whoever those lowball bidders are, they're becoming the new whales. May their hands be strong...

[Nxtblg]

Once again, after that huge load of dumping yesterday, the dumpers went into abeyance. This day, all the trades were Buys on moderate volume: not whales, but regular Nxters who liked what they saw in Nxttycoin. As a result, the price moved up to about 0.027 and new bids came in: two of them were mine. All of them are five figures, which means that a big dumper could still whack the buybook down to where it got to yesterday. The low ask rose accordingly. As I write this, the low ask is at 0.0272 and the high bid is 0.0255.

Unfortunately, the healing of the orderbook did not compensate for Nxt's continuing slide. (Those dumpers yesterday could have dumped because they wanted to get out of Nxt itself.) Before rebounding somewhat, it got close to 5000 satoshis: as I write this, it's at 5220. So, I've left the overnight orderpair for NFDNxtty at 70 NFD as the offer and 67 NFD as the buyback bid.

Despite Nxt's own tumble, oddly reflective of Bitcoin's leap on the Coinbase exchange news, Nxttycoin is back to doing not that badly in Nxt terms. The market still has no traction, but for now the tide is turning.

[Nxtblg]

Sorry about missing the report last night. Unfortunately, due to a scheduling conflict, I have to bring these nightly reports to an end. If you've been reading them, thanks so much.

I will continue to maintain the NFDNxtty orderpair as specified in the original post. That won't change. You can see for yourself by keeping an eye on the NFDNxtty orderbook in your NFD Wallet.

Again, thanks for reading; I'm sorry to go.