Not solely market related - but I do wonder what value (AUR) would be needed to cover, let's say, 1% of Iceland transaction. Let's assume each AUR is worth 1$. That give a marketcap of more or less 7 000 000$. Or about... 21$ worth of AUR in each Icelandic hand. 21$ - so few. And even 20$ per AUR ? 424$ per icelandic citizen. I guess it would be enought to cover a decent % of daily transaction ?
What you guys think ? Some ppl think that we may see AUR value rise 10x or even 100x if things get rolling - but would it be enought to cover a decent part of icelandic transaction ?
PS: I just want to add that being a new member of the dev team, I can say that these guys almost never discuss AUR price - and when they do, it's only to point that the value should to be highter to cover icelandic market needs.
Topic: [AUR] Auroracoin market observer - page 4. (Read 8377 times)
I guess only few players are active in this market (5-15). Most of them, long time holders. Only strong hands left around.
Once in a while it feels like a new guy or two enter the market to buy in.
Recently there have been some itchy buying fingers at work.
Seem to me people are competing trying to accumulate AUR... price had to give at some point and it started to.
Well we have been getting more people involved recently here in Iceland and the word is spreading and I'm pretty confident that these are Icelanders that see what is going on and what is about to happen.
And/or Icelanders that see and seize arbitrage opportunities?
8 ISK/AUR (rate on beta exchange) is about 0.00016 BTC/AUR if I'm not mistaken: still roughly 30% above the rate on bittrex. Quite a juicy opportunity (if liquidity is high enough).
Not sure we're there yet. I suspect it's mainly people that want to buy in to hold and see that currently they have better price on foreign exchanges than ISX.
I guess only few players are active in this market (5-15). Most of them, long time holders. Only strong hands left around.
Once in a while it feels like a new guy or two enter the market to buy in.
Recently there have been some itchy buying fingers at work.
Seem to me people are competing trying to accumulate AUR... price had to give at some point and it started to.
Well we have been getting more people involved recently here in Iceland and the word is spreading and I'm pretty confident that these are Icelanders that see what is going on and what is about to happen.
And/or Icelanders that see and seize arbitrage opportunities?
8 ISK/AUR (rate on beta exchange) is about 0.00016 BTC/AUR if I'm not mistaken: still roughly 30% above the rate on bittrex. Quite a juicy opportunity (if liquidity is high enough).
I guess only few players are active in this market (5-15). Most of them, long time holders. Only strong hands left around.
Once in a while it feels like a new guy or two enter the market to buy in.
Recently there have been some itchy buying fingers at work.
Seem to me people are competing trying to accumulate AUR... price had to give at some point and it started to.
Well we have been getting more people involved recently here in Iceland and the word is spreading and I'm pretty confident that these are Icelanders that see what is going on and what is about to happen.
I guess only few players are active in this market (5-15). Most of them, long time holders. Only strong hands left around.
Once in a while it feels like a new guy or two enter the market to buy in.
Recently there have been some itchy buying fingers at work.
Seem to me people are competing trying to accumulate AUR... price had to give at some point and it started to.
I have send the rise and downfall of aurora coin,but now it is a dead in my opinion am surprise that there are still movement on it's market,when a new coins comes out in the market my thought is will this become a new aurora or will it suffer the same fate
Your assumptions are not enough verified. Dig more 
You can start from here: https://bitcointalksearch.org/topic/auroracoin-empowering-financial-freedom-1044432
I have send the rise and downfall of aurora coin,but now it is a dead in my opinion am surprise that there are still movement on it's market,when a new coins comes out in the market my thought is will this become a new aurora or will it suffer the same fate
we're seeing a little bit of buying coming in, likely due to the fact that the AUR exchange moved a little closer due to the politicians affirming "no VAT".
I guess only few players are active in this market (5-15). Most of them, long time holders. Only strong hands left around.
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The AUR exchange isx.is price increase was due to a @10000AUR single buy in a extremely low liquidity exchange, with a super thin order book. For me, Bittrex reflects better the present AUR market condition.
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The AUR exchange isx.is price increase was due to a @10000AUR single buy in a extremely low liquidity exchange, with a super thin order book. For me, Bittrex reflects better the present AUR market condition.
My guesstimate is that 80% (3000AUR) of mined coins today, are sold on Bittrex on daily basis. If no news in 15 to 20 days, the 8000 level will be broken down.
Your guesstimates about miner selling make a lot of sense. Maybe it's a little less, even.
I agree: support around 8000 is grandiose. That 30k support wall has been there forever and doesn't move. And it's not alone. It could well be we're looking at a bottom here.
I was right. 8000 support is broken, 18 days latter
Congratulations on a very good calculation.
The astute observer will have noticed that the last 12000 AUR of that wall at 8000 were sold just in the last hour (one trade, actually). This might lessen the perceived validity of above calculation (miner selling should be more steady). Let me assure you it's completely valid: the continual miner selling was buffered slightly above the wall @8000 (after 8400 was broken in a similar manner) and then the buffer was emptied in one go.
What amazes me is that there is no other selling. Only strong hands left?
I think some of the volume is being traded on the ISK/AUR exchange now. There was a large increase in trading there in the last couple days and a 10% increase in trading price.
-Fuse
My guesstimate is that 80% (3000AUR) of mined coins today, are sold on Bittrex on daily basis. If no news in 15 to 20 days, the 8000 level will be broken down.
Your guesstimates about miner selling make a lot of sense. Maybe it's a little less, even.
I agree: support around 8000 is grandiose. That 30k support wall has been there forever and doesn't move. And it's not alone. It could well be we're looking at a bottom here.
I was right. 8000 support is broken, 18 days latter
Congratulations on a very good calculation.
The astute observer will have noticed that the last 12000 AUR of that wall at 8000 were sold just in the last hour (one trade, actually). This might lessen the perceived validity of above calculation (miner selling should be more steady). Let me assure you it's completely valid: the continual miner selling was buffered slightly above the wall @8000 (after 8400 was broken in a similar manner) and then the buffer was emptied in one go.
What amazes me is that there is no other selling. Only strong hands left?
My guesstimate is that 80% (3000AUR) of mined coins today, are sold on Bittrex on daily basis. If no news in 15 to 20 days, the 8000 level will be broken down.
Your guesstimates about miner selling make a lot of sense. Maybe it's a little less, even.
I agree: support around 8000 is grandiose. That 30k support wall has been there forever and doesn't move. And it's not alone. It could well be we're looking at a bottom here.
I was right. 8000 support is broken, 18 days latter
@rocanonz
I think your "accumulation and support" over the holidays story is plausible.
This market is very very slow at this time. Low volume and low trading frequency.
I think it's good. Bulls can accumulate what miners mine.
I think your "accumulation and support" over the holidays story is plausible.
This market is very very slow at this time. Low volume and low trading frequency.
I think it's good. Bulls can accumulate what miners mine.
I can be completely wrong, but it doesn't matter 
The 10000 order was placed by a miner who want to cash out. Electricity is not so cheap in Holland or US.
The big order (16BTC) was placed, hoping someone will eat the 10000 AUR cake and knowing that the big bag holders, will not sell a dime with the coming developments. (new algo?, icelandic exchange, AUR merchant tools, etc.)
Still the 10000AUR sell order looks like a good entry point, for anyone who wants to have a decent return in few months, from now on.
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If i remember well, all the big buy orders including the 30000AUR were placed the same time, back in December 2015.
I'm speculating o the idea that they were intended as accumulation and buy support, for AUR and her blockchain for the holidays, when you just want to have a good time. Of course he knew the development perspective for AUR, soon to become real.
The 10000 order was placed by a miner who want to cash out. Electricity is not so cheap in Holland or US.
The big order (16BTC) was placed, hoping someone will eat the 10000 AUR cake and knowing that the big bag holders, will not sell a dime with the coming developments. (new algo?, icelandic exchange, AUR merchant tools, etc.)
Still the 10000AUR sell order looks like a good entry point, for anyone who wants to have a decent return in few months, from now on.
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If i remember well, all the big buy orders including the 30000AUR were placed the same time, back in December 2015.
I'm speculating o the idea that they were intended as accumulation and buy support, for AUR and her blockchain for the holidays, when you just want to have a good time. Of course he knew the development perspective for AUR, soon to become real.
My guesstimate is that 80% (3000AUR) of mined coins today, are sold on Bittrex on daily basis. If no news in 15 to 20 days, the 8000 level will be broken down.
Your guesstimates about miner selling make a lot of sense. Maybe it's a little less, even.
I agree: support around 8000 is grandiose. That 30k support wall has been there forever and doesn't move. And it's not alone. It could well be we're looking at a bottom here.
The guy who placed the buy walls, knew what he is doing. You will never see AUR this cheap again.
Not sure how you mean that. The huge order was pulled, not filled, so the guy didn't buy much (if anything at all). He could've been selling, even. The 10,000 AUR sell wall is still in place, btw.
Buy, hold and enjoy the ride.
Here I basically agree
My guesstimate is that 80% (3000AUR) of mined coins today, are sold on Bittrex on daily basis. If no news in 15 to 20 days, the 8000 level will be broken down.
The guy who placed the buy walls, knew what he is doing. You will never see AUR this cheap again.
Buy, hold and enjoy the ride.
The guy who placed the buy walls, knew what he is doing. You will never see AUR this cheap again.
Buy, hold and enjoy the ride.
here's chart from bittrex, hourly candles
Bear view: 8000 seems hard to tackle. Bears can't push through, there's a 30k bid there (has been for ages, weeks at least) that doesn't move and below there's more. Too expensive/risky to push down: when the fiat exchange goes live, AUR could shoot up and we're holding the bitcoin bag.
Bull view: Volume is low, seems like miners use the exchange to sell, so we can slowly collect cheap coins. Slippage is high to the upside, though, so patience is a virtue.
Bear view: 8000 seems hard to tackle. Bears can't push through, there's a 30k bid there (has been for ages, weeks at least) that doesn't move and below there's more. Too expensive/risky to push down: when the fiat exchange goes live, AUR could shoot up and we're holding the bitcoin bag.
Bull view: Volume is low, seems like miners use the exchange to sell, so we can slowly collect cheap coins. Slippage is high to the upside, though, so patience is a virtue.
Price history on bittrex since roughly the beginning of trading there (excluding initial spike).
Pretty volatile.
Not so cheap anymore, there was 50k volume transaction just today 
looks like some big buys.
looks like some big buys.yes, there's a lot of buy pressure. One huge order at 0.000113 was 63,000 AUR yesterday (now down to 43,000) and other big orders provide good support.
looks like a double bottom to me.
could be a bull trap, but I don't think so.
Just to evaluate this: it turned out to be a bull-trap: Price didn't go beyond 0.00015 for the next months, instead it went down to a low of 0.000049 on Oct 14th. So it was a double bottom only for a couple of days. Then more of a dead cat bounce.
Not so cheap anymore, there was 50k volume transaction just today looks like some big buys.
looks like some big buys.yes, there's a lot of buy pressure. One huge order at 0.000113 was 63,000 AUR yesterday (now down to 43,000) and other big orders provide good support.
looks like a double bottom to me.
could be a bull trap, but I don't think so.
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