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Some basic number analysis (for example, https://kryptografen.com/news/do-crypto-traders-take-the-weekend-off/) backs you up on that thought Rabbithole. If i were setting up an exchange I would want experienced traders/ corporates. The feedback at this stage is paramount and these are the people who can provide it.
From the RNS 16 Nov 2022 :
Those accepted by GS20 Exchange to take part in its soft launch and commence trading on the platform will be required to give feedback on their experience using the exchange. This feedback will provide substantive data which will allow the GST team to better assess users' needs for the development of the finalised user experience of the GS20 cryptoasset exchange.
This is a professionally run company and it is unthinkable that those selected initial users of the exchange will not have been informed about this down period. There is absolutely no reason to put out a service announcement to inform non involved individuals. Until possibly next week we are essentially still out of the loop.
Glass half full - If Goodlife receives no response to his question I would think the reasons for the shut down are a positive RNS is due.
Coalculus is shadowing the movements of Bitcoin almost exactly again on Coinbase. This is the pattern we saw last week before the step up by Coalculus which got everyone so excited. Would be very interesting to know what testing protocols are happening here.
Agree with you Dooby. The likelihood is this is Noel selling. We seemed to finish the day with bits and bobs towards the end so I'm thinking the seller would have had 11th May in mind for completion. Whoever it is, the market has been pretty orderly throughout so no worries.
I've also been in this for two years and most of that time I've been underwater. Always had faith in Jack, the hippy and the Geek to pull this off. I have absolutely no doubt their submission was one of the best the FCA has seen and their preparation for this company to go forward will be equally thorough. A quality team.
The buyer has played a very clever game thus far, so I can't assume the price will rise significantly without the need to loose a few more traders/weaker holders or an announcement is made.
I believe the buying began on Wednesday last week because all eyes were on Bitcoin: perfect for disguising the opening Gambit. Thursday's purchases continued throughout the day - no fanfare on social media, no rumours, no announcements -nothing. 'Pump and dump' -you're having a laugh. Waiting for traders to sell after such a rise has meant the buyer ( for the sake of argument let's call him John) was able to pick up more cheap stock on Friday and I don't think he is finished yet
All my own opinion of course and doubtless will be proved wrong!
History suggests that Francesco quite likes a lunchtime RNS. You might be barefoot today yet.
Indeed Dave. Where is the resident Beekeeper!?
Final moves of the chess pieces and we have a new company created before our eyes.
GLA