RE: Drip Day, Building update, 1608 days of posting!

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RE: Drip Day, Building update, 1608 days of posting!

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droida in LeoFinance • last year

Thank you for the drips.

Three days ago, the price of BBH has fallen to 0.0006 HIVE with only 40 HIVE sold. Today the price is at 0.00007 HIVE with only 6 HIVE sold since then. I never saw it at a so low price, 16 times below its value!

The order book content has changed and there are now more sell orders than buy orders. There are sell orders more consequent of many thousands of BBH which stay at a low price even when BBH value is getting higher. Orders validity is 30 days, and that limits durably BBH price, and even more if the order price is refreshed by a bot.

Screenshot from 2024-01-01 14-12-39.png

This situation is very harmful to BBH. In order for its market price to be closer to its value, that is guaranteed through investment, I propose solutions:

Change dividends computation to take the market liquidity into account. Offer a bonus for buy orders accordingly to their HIVE value, and a penalty for sell orders accordingly to their BBH value. Bonus and penalties could be pondered with orders age or distance between the price and BBH value.
Buy BBH. You could put a buy order to an honest price, maybe 20% under BBH value. The quantity of the order could be low if bots come in concurrence.

Happy New Year! !BEER

last year in LeoFinance by droida

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bradleyarrow last year

I am working on things everyday. That being said, free market rules.

BBH is still a small project. And as it grows and matures, this issues should go way.

No one hates them more than me.

I appreciate your feedback. I have noted it.

I am trying to put in a base support level.

Thanks

!BBH

!ALIVE

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1 vote

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droida 11 months ago (edited)

Thank you for your feedback. I'm sure you are very busy. Such a project must take a lot of time. Rewarding buy orders with drips requires work to get it implemented.

You may hate me because I'm also in the sales book. A small order that is not very responsive which also leaves the possibility for others to sell. With some patience, I can now sell it for almost double the price I paid.

I like your project. I won't sell all my tokens, but taking profit is an important thing in trading.

I thought about putting myself tiny buy orders to trigger the bots, but I see that master-lamps is not trading this pair anymore.

!BEER

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4 votes

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bradleyarrow 11 months ago

I don't hate you or anyone.

I knew/know what free market trading can be/is like before a launched BBH.

You and everyone else is free to do what is best for you. It is my job to work on making things better for everyone. And sometimes that takes time and learning from lessons.

Oh, where did master-lamps go?

Wow, someone downvoted you reply to me. What in the world is that all about?

Keep doing what you are doing, I thank you for your support.

Bradley

!BBH

!ALIVE

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droida 11 months ago

master-lamps trades a lot of pairs, and I think he dropped BBH because of the low volume.
Downvotes seems to be tiny, but I don't know the reason, that's a bit annoying. !PIZZA

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3 votes

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bradleyarrow 11 months ago

Got ya, thanks.

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bbhbot last year

@droida! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bradleyarrow. _(2/50)

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youarealive last year

@droida! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ bradleyarrow. _(1/10)

The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.

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beerlover 11 months ago

^{View or trade BEER.}

Hey @bradleyarrow, here is a little bit of BEER from @droida for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

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droida last year (edited)

What you think about my BBH market analysis? @bradleyarrow
WTF @spaminator?

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1 vote