Quick update on ShortBTCD, as opening day draws to a close. 35,450 NXT-worth were traded. The target price swung as low as 80 and as high as 110, with around 50 price adjustments over 10.5 hours. The target price is currently 105.6, based on BTCD/BTC at 0.009235. As such, the bid/ask is now 105/106.
We're about to close up shop for the evening - to reopen in about 12 hours. If anyone wants to get in or out of a position at current levels, now's the time.
So if somebody bought shortBTCD this morning, they would have a 6% profit right now
and if they were lucky enough to buy at 80, more than 30% profit?
All this while BTCD went down