The DNotes market report for Monday, May 28, 2018
Since CoinMarketcap does not recognize any active DNotes markets, and our only market right now is
NLexch (not recognized by CMC), I am reporting what's going on with that market once a day so that we can all be apprised of the current market price for DNotes.
I'm also participating as a buyer trying to accumulate more DNotes with minimal impact on the market. My strategy is to place limit buy orders and only buy the sell side when I see an order that is significantly lower than the next ask price until the gap between bid and ask closes.
We again saw two distinct periods of market action--around 1:00 AM MDT and then around 3:00 PM with some small trades made through around 8:00 PM.
We also seem to have found a price floor at 299 Sathoshi, as several times over the past two days I had buy orders at 298 and down, 299, 300 and up, and my 299 and 300 and up orders would get completely filled but my 298 order would not be touched. I still have standing buy orders at 298 just to make sure. The bulk of the trades today happened at 299 and 300 Satoshi putting the price at 0.021374 USD. However, the high price today is 400 and the last price is 375, or 0.026717 USD. Currently highest bid is 325 and lowest ask is 375. Twenty-four hour volume cracked 100,000 NOTE, and right now sits at 103,891.45 NOTE. This is the first time I have seen more than 100,000 NOTE volume since I began tracking this.
If you would like to buy BTC to be able to buy DNotes (or for any other reason), I would like to recommend
GDAX. GDAX is the exchange built by Coinbase. You use the exact same login procedure and you can instantly add funds to your GDAX account from your Coinbase walelts. You can also withdraw to your Coinbase wallets as well as other options including directly to an address of your choice. Not only is GDAX a well laid out and functioning exchange, but you can do all your trading and withdrawing on it with no fees. If you use Coinbase to buy/sell Bitcoin, you will be paying a lot in fees. On GDAX, as long as your trades start out as limit orders, you get charged no fees at all. Leon Redinger on the Telegram channel told me about GDAX' no fee trading, so now I'm passing along the info.