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So... History, the First ATC/BTC statement (Remember Historical) »

April 2014 BTC/ATC Statement

See below

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Hash: SHA1

Previous Statement (4-16-2014)

Balance in Total
ATC: 891911.87588299
BTC: 0.38960537

Current Statement:
Capital Infusions Since last Statement:
393319 ATC (Delivered by Mircea Popescu 4-27-2014)

Period Ending Totals:
ATC: 14035.87588299 (-98.42631584%)
BTC: 2.65501867     (581.46357171%)

Summary of activities:
Since the last Statement period before the transition to end of the month
statements, the Altcoin market has experienced a substantial increase of
Altcoin buying. Outstanding asks orders had all been filled on the 27th
yeilding 0.64104281 BTC on 371123 ATC of Asks placed between 150 satoshis
per and 205 satoshis per.

Following this the noted capital infusion of additional ATC was made and
the orderbook was cleared down to 150 satoshis per and an askwall of
400k ATC was placed at 199 satoshis per. The askwall was quickly consumed.

As a result substantial gains in BTC were made at the expense of limiting
substantially the ability to market make asks in further attempts to dampen
the ATC market. The current plan is to wait out the present enthusiasm
until present bids are filled. The question of current bid placement may
be revisited in some months should ATC seem to have developed a new
permanent price plateau. Given the impending increased rate of ATC generation
after the next, long awaited, difficulty adjustment the plan for the
next month at least is to wait out present buying pressure.
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This entry was posted on Wednesday, April 30th, 2014 at 6:22 p.m. and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “April 2014 BTC/ATC Statement”

  1. So… History, the First ATC/BTC statement (Remember Historical) | Bingo Blog says:
    April 30, 2014 at 8:49 p.m.

    […] ← April 2014 BTC/ATC Statement […]

    Reply

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