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RE: NuBits Implosion (You Might Be Able To Profit)
Do You Guys Think NuBits will survive? Are you going to take a chance on it?
I think about it. Most likely, this method (collapse of the course) simply covers a debt from a crazy interest rate on a deposit, but perhaps it just R.I.P.
Could you answer a few questions please:
- The interest on the deposit is always 48%?
Once things seem to find a bottom I will likely try to buy up a bunch of NuShares as well
Where? I see only 2 exchanges cfinex and SouthXchange,
I think that very few people will go to such exchanges.
No the interest isn't always at 48%. A couple of weeks ago it was at 34%. The NuShare holders vote for what interest rates they want. It gets raised in this type of situation to encourage buying and holding. Also one thing that I didn't mention is that there are periodic burns for NuShares in decrease the supply in certain situations. It is a very intricate system and hard to understand all the pieces.
Yeah NuShares only has the two exchanges right now and they are hiring for someone to do marketing to get NuShares on more exchanges. You can also buy large amounts of NuShares from the core team as well from what I was seeing on the forum. They mainly are using the BTC to buy NuBits to increase the buy support back to $1.
I did the math on NuShares and if I buy $100 at current prices and it goes back to $0.02 which was an all time high then my NuShares could be worth over $7,000. Plus I would stake the NuShares and earn additional NuShares and be parking my Nubits and earning more NuBits in anticipation for NuBits to go back to $1 and NuShares to go up in price in the future as well.
I'm willing to bet a little bit on this. Maybe it implodes 100% but it has came back in the past and the reward is looking juicy if it works out.
You do not know where I can look at the statistics on interest rates?
For me it's definitely a pyramid! But I probably risk with NBT, if the price drops to 15-20 cents. My idea is that by such a drawdown they burn their debt. It's as if SBD fell 20 cents - then it would be profitable for the system to redeem it)))
They should have parking rates listed on the block explorer or something but I don't think they do. I look at them in my NuBits wallet. There is a button that says "Park" that I click on and it shows it. Also park rates can be shown by typing in certain commands in the QT wallet as well but it is easiest to just hit the "park" button.
What do you mean by it's definitely a pyramid?
I'll try to find, thanks!
additional NuShares and Nubits can be paid only by the arrival of new investors. If they do not come, we see what is happening now)) It's a pyramid.