Author

Topic: Dirty tricks deployed against the SFI fund on Havelock? (Read 1018 times)

member
Activity: 114
Merit: 10
OK, there is some SERIOUS weirdness going on with the way Havelock displays values in that case - when I viewed it, SFI was only 'worth' 1,000 BTC, at 0.0005 BTC/unit - explaining my minor freak out.

I read your post just now and logged back in to double check, and you're absolutely right that it's got a market cap of 1998 BTC.

Hmm...


According to the API, the only 0.0005-something trade (also the lowest trade) happen during these 3 consecutive trades:

  • 2014-01-15 17:55:22 - 1000 @ 0.00080000
  • 2014-01-15 18:02:05 - 1 @ 0.00051000
  • 2014-01-15 18:52:56 - 1250 @ 0.00080000

You must have looked during the 50 minute period of 6pm (Havelock time) where the last trade would have been @ 0.00051.

At the time the 0.00051 bid was placed and fulfilled, there must have been no bids between 0.0008 and 0.00049999.

This could be disproved if there were any bids in that range placed before the 0.00051 trade happened, but no such bids exist currently.
sr. member
Activity: 308
Merit: 251
Giga
i didn't see any value go down in half, i just checked and the price chart looks like a straight line
legendary
Activity: 2786
Merit: 1031
OK, there is some SERIOUS weirdness going on with the way Havelock displays values in that case - when I viewed it, SFI was only 'worth' 1,000 BTC, at 0.0005 BTC/unit - explaining my minor freak out.

I read your post just now and logged back in to double check, and you're absolutely right that it's got a market cap of 1998 BTC.

Hmm...


The calculation is made based on last trade.
sr. member
Activity: 252
Merit: 250
OK, there is some SERIOUS weirdness going on with the way Havelock displays values in that case - when I viewed it, SFI was only 'worth' 1,000 BTC, at 0.0005 BTC/unit - explaining my minor freak out.

I read your post just now and logged back in to double check, and you're absolutely right that it's got a market cap of 1998 BTC.

Hmm...
sr. member
Activity: 328
Merit: 250
Hi all,

As you may be aware, all 2,000,000 units of the seed coin fund (SFI) were sold today, closing out the IPO stage and raising 2,000 BTC for some very interesting companies.

However, almost immediately upon closing some 1,000 BTC worth of stocks were sold off, halving the value of the fund.

Is this some market manipulation by those worried by the potential of the companies within the fund, or something else I'm missing?



1,000 Units of SFI were sold not 1,000 BTC.  A total of only  BTC0.8

It is normal once live trading begins for people to buy and sell into the Bids and Ask causing the Market Cap to change.

sr. member
Activity: 252
Merit: 250
Hi all,

As you may be aware, all 2,000,000 units of the seed coin fund (SFI) were sold today, closing out the IPO stage and raising 2,000 BTC for some very interesting companies.

However, almost immediately upon closing some 1,000 BTC worth of stocks were sold off, halving the value of the fund.

Is this some market manipulation by those worried by the potential of the companies within the fund, or something else I'm missing?

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