Quote from: Ducky1 on May 20, 2015, 07:15:36 PM

Quote from: johnp on May 20, 2015, 05:52:36 PM

I have a question for someone who understands these things better than me. There are several exchanges trading Startcoin, the main one being Bittrex but there is also Justcoin. Now this exchange doesnt seem to have the same structure as others in that it sells Startcoin above the price of Bittrex and they are grouped in chucks of 12000 coins. I have been watching the trading on Justcoin and quite often trades are for in excess of 100,000 coins a day.

The funny thing about it is that you rarely see any one sell any coins to the exchange and if they do they are in small quantities. So my question is where do they get there stock from they must have sold > 500,00 in the last week?

A lot of it may be from the coins on the debit cards. There where 150 backers, and each card got 25000 start. That's 3,75 million coins. If somebody refills their card with startcoin I guess it will also be sold the same way. They obviously don't want to depress the startcoin price, so it's always higher than the Bittrex price. It's for those who want to buy a lot of start without affecting the price much.

Now that does make sense as there is only about 57,000 mined everyday, another strange thing about Justcoin is that if you buy all the 12000 at a fixed price and then wait a minute another 12000 appears at the same price so you dont have to buy the next 12000 at a higher price, i have done this several times.