Hello feather coiners,

New to the forum and was thinking about a feathercoin related trading strategy. Would love to get some feedback on it and hopefully it actually works well! 8)

The recent drop in price of feathercoin is crazy and might go even lower. However I was thinking of a way to earn more feathercoin and/or BTC. On BTC-e the current difference between sell and buy prices is 14,2%. By selling and buying back (or both at the same time) you earn a 13,8% profit after fees.

Already done my first sell-buy cycle, whichs took about 2 days and the strategy seems to work so far. However you do risk that market moves (either up or down) while doing this so just holding feathercoin could be a better strategy:

- in a droping market this strategy likely make a loss (in BTC), however it beats holding because you are able to buy back feathercoins at a lower price (e.g. having more feathercoin). It could make a profit (in BTC) if you're able to buy back enough feather coin to overcome the drop in market price.

- In a stable market this strategy will make a profit (in BTC and feathercoin) for sure. At the current price a 13,8% profit will be made on every feathercoin sold and bought back. By making this profit you're able to support, eventually, bigger buy and/or sell walls for keeping the price stable. Or you could hold feather coin (BTC) for an expected rise (drop) in price.

- In a rising market this strategy will make a profit (in BTC), however it is likely beaten by holding. This strategy could out preform holding if you're able to buy back enough feathercoin + left over BTC's.

Overall this strategy is the best in a relative stable market. But to me more importently is the lose reducing effect it will have in a dropping markt, we still facing for now. The only risk is a fast, sudden (or even a slow and steady) rising markt. To lessen the risk for a rising markt and avoid holding just BTC will feather coin goes back to it's former glory I plan on using the same percantage as my profit marge of my BTC-feathercoin holdings, so about 13,8% of my holdings at current price. Consider doubling it if the strategy is working well and market seems to stay stable or dropping.

Hoping to get some feedback on this strategy, wondering if anyone already tried it. And more importently if I missed any risk, key point or made any mistakes.

Lankhy.