Quote from: ShortBTCD on September 27, 2014, 01:12:50 PM

Quote from: Crypto_Enthusiast on September 27, 2014, 12:41:09 PM

Quote from: ShortBTCD on September 27, 2014, 12:22:34 PM

Quote from: Crypto_Enthusiast on September 27, 2014, 11:11:57 AM

Why is the UNITY price below ICO & keeps going down?

It's at 0.01073 BTC (138 NXT), on a weighted-average basis, by our count. Well off the peak of a few days ago, but still above the average ICO price of 0.01004. At least in BTC terms. Given that NXT was rising during most of the ICO, if you bought early with cheaper NXT, it's possible you're underwater in NXT terms, even net of the bonuses/discounts. But probably not by much - if I recall correctly, the first NXT offering price was something like 141.

For anyone concerned about further slides, a friendly reminder that we've got ShortUNITY available on the NXT Asset Exchange. Target value has risen from 100 to 126 over the last 3 days, as UNITY/SuperNET has fallen from our initial marker of 180 NXT.

So with the Short available it's quickly sounding like a bad ICO buy, no?

I wouldn't say so. The short is there primarily for hedging purposes. Ideally, it should even reduce volatility in the price of the underlying, which makes UNITY more attractive.

I do not know how to short though, and quite frankly don't want to.

I was on the understanding this would be a good investment, but it seems to be going down each time I look at it.