Who is buying?
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@vigospqr said in Who is buying?:
I googled who owns most feather coins,
https://bitinfocharts.com/top-100-richest-feathercoin-addresses.html
If i understand this right, 3 out of 5 started buying feathercoin this year and managed to buy 20 million coins.
How this is even possible? And If someone buying so much how come it didnt reflect in the price of FTC?
Probably some hedge fund managers, investing around, hoping for high risk high return scenarios? Well its good for feathercoin that some big players are involved, but cant they manipulate the price?
That doesnt mean they just bought, it means they just moved them into that address. It could be someone who has owned them for years and is just moving stuff around. Or it could be an exchange thats moving coins around.
P2Pool Node: http://104.236.34.9:19327/ 0.5% fee
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@amdd said in Who is buying?:
I googled who owns most feather coins,
Thanks for your reply, Prices are going crazy today, gonna develop a heart condition, i guess its better to have a discipline, not to look at prices everyday, buy once a week whatever the price on payday and analyse in 2020. Then either retire or carry on few years more until mission accompolished (lol).
But i see some crazy coins going up and staying up (not all pump and dump) which have no community, no website etc, who buys these coins or how do people even know about them?
Comparatively Feathercoin should be worth much much more. Why doesn’t it though?
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@vigospqr said in Who is buying?:
Comparatively Feathercoin should be worth much much more. Why doesn’t it though?
Comparing to what? People take “currency” in cryptocurrency too literally. Cryptos are not backed by any real assets, so they’re not currencies by definition. Even the flakiest of the fiat currencies are backed by the power of the state (the issuer) to collect taxes. Cryptocurrencies are backed by nothing, so their prices float against nothing. It’s a virtual asset with limitied supply and its price is only determined by supply and demand. There’s no intrinsic value.
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Very well put but comparing to other top 100 crypto currencies, feathercoin should be worth more. By take on why it currently isn’t is:
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Pump and Dump and 51 % Attack - Happened in early stages but still it did happen and majority of trust was lost, and investors become vary of investing. But it was successfully dealt with so investors should look pass that.
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No Major Backers: We (desperately trying to fit in -lol) don’t have major investors, hedge fund, ico investment etc. But i guess this could arise Pump and Dump which feathercoin is against of. I assume there are hundred regular investors, Leaving the general public as their customer, which most don’t know about, that’s why we probably need advertising or famous person on board.
3, Not based in silicone valley and not being able to be seem to be making so called “disruption” doesn’t help either.
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Agree with all your points. As I pointed out, the only way to increase coin “value” is to boost demand. I got involved with Feathercoin only recently and unfortunately my first impression is not that great. The Mac wallet takes forever to sync, there’s no mobile wallet. I’m encouraged that there’s an active forum and that the developers are involved though.
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@taurus said in Who is buying?:
Agree with all your points. As I pointed out, the only way to increase coin “value” is to boost demand. I got involved with Feathercoin only recently and unfortunately my first impression is not that great. The Mac wallet takes forever to sync, there’s no mobile wallet. I’m encouraged that there’s an active forum and that the developers are involved though.
We are aware of the Sync Issues. This is fixed in the next version of FTC.
We have an android wallet out.
We(mostly me) are actively looking for an iOS/Swift dev that can help port BreadWallet.
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Perfect time to be buying. Just a slow accumulation to keep the volume low. Embrace the peace and quiet. Shh don’t tell anyone.
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Agree. I was pure miner, but since July did not sell any FTC and even buying time to time.
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FTC is up on market cap and transaction maximum has reached $10 Milion per 24 hours. 10 times previous peaks and continuing high daily transaction rates ~ $5 Million.
Having seen the fees and slow transactions, around at the moment, I suspect FTC is being used as trading intermediary. Very interesting, that has caused 10 times the “trading”, than “big whales type trading”.
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Whoop Whoop!
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Looks like FTC beat it’s previous highest market cap with $54 Million.
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Still going strong. Transactions weren’t slow in my experience with a zero fee. Maybe I made them in the quieter moments?
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I just posted about fees, FTC still has a lot of room in the blocks, so low fee blocks still go through fast. It Litecoin were just selling on speed, they would loose currently, but that isn’t all that needs to be considered. I agree with recent interviews with “Charlie Lee” and that even with Segwit, Bitcoin has past it’s currency usefullness (due to the limited supply) with it’s overkill POW power, is more of a store of wealth.
However, at only 4 times more coins, Litecoin (if crypto continues) will also pass through a period where it’s value will increase due to limited supply and it’s scrypt ASIC will give it security so that it too will end up a store of value.
So, I don’t know about the wider world, but “People” are starting to ask me about crypto.
One question I suggested an answer for was how to reduce fees and they have already saved money transferring FTC and LTC, then accumulating. They’ve had the added bonuses of the speed of transfers is “amazing (quote)” and their transfer cash reserve just increased by 4x (which they sold last night). The only disadvantage is the price was holding steady which was better for “stability”
Last week was the old days though, now they are sitting at work waiting for FTC to go down, so they can buy back in.
Note : I don’t trade yet, all trade “stories” followed at your own risk.
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Hey everyone, it took us about 9 months, but it appears that we will see a golden cross in the next few days. The 50 day moving average is about to cross above the 200 day moving average. Pretty significant event! Cheers!
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@calvinweight So what does that actually mean ?
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@digga I think what he is saying is this : it means that the longer 200 day average has been increasing despite fluctuations in the shorter average of 50 days. The short term average is about to be higher than the long term (again). since the long term has been going up presumably to maintain this you need the short term to be above it for some period of time. So people who do this kind of technical analysis would buy right now assuming the pattern holds. Of course if the stock … er i mean currency is always going up (or down) the lines never cross. fluctuation is how short term investors try to make money, this pattern is something they would look for.
I’ve never done this kind of techincal analysis but if there is some other meaning i’d love to hear it. (personally i put zero stock in anything but fundamentals cause i’m a buy it and forget kind of guy. hence my interest in feathercoin. its strong )
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@digga It’s just a longterm bullish signal. For investors with a really long investment horizon, this is usually a sign of price strength. It could attract some long term investment in other words.
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This is a bit of a SiFi answer to whom will be buying in the medium term.
“Artificial Intelligence” / “Machine Learning” applications require large amounts of training data to acquire subtle abilities. Currently we give away our data, even have to watch adverts whilst giving it away.
In the future that will not happen so readily, training data will become very important, especially clean or curated sets. You will be paid to contribute to those training sets and altcoins will be part of that economy.
https://comma.ai/ is an open source data set collection for self driving cars, the idea being to upgrade your own car. Currently it is a dash data collection system you get paid “tokens” to contribute your data.
Anyone want to start their own “machine learning training data collection business” and pay in altcoins?
https://play.google.com/store/apps/details?id=ai.comma.chffr
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bumping this thread as there was tons of action today.
Did anyone buy ?
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@acidd
Managed to buy some more at 11 sats.
Still holding my bags, don’t know for how long, but will hold more :)
