Who is buying?
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@Moonman said in Who is buying?:
I remember when i just barely (<10days) managed to take out my funds from cryptsy… That was reaaaaaly close…
HA HA! I have a similar story. just as I withdrawals started going funny I managed to get all my FTC out…few days later…Cryptsy was gone.
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@aciddude I lost 2+ BTC in dash to cryptsy, but that is par for the course…
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Lost like 50k Doge and other low coins, but yeah, were too lazy to store them local, thats what you get for lazyness .
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This Bitcoin fly works against us. C’mon Feather You can do it!
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Hi SimonTower, someone (bots…) try to drop down the price but massive volumes goes up the price… maybe you has the good way…
I was study with friends with a probabilistic software in the bank, for the diffusion, the visibility of the ftc market and the probable distribution of the blockchain, the price of the ftc now may be 15000 satoshi. But we know… bots are speculative. -
@xonar Look at that 19800.com. Our half of volume is there. Somebody every couple of days make a +20% gain always at same time (01:00-03:00 GMT)
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@SimonTower said in Who is buying?:
@xonar Look at that 19800.com. Our half of volume is there. Somebody every couple of days make a +20% gain always at same time (01:00-03:00 GMT)
Well spotted. I feel like there’s something wrong with the 19800 volume. I dont think they have trading fees…I cant confirm for FTC but it used to be this way for BTC.
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If today’s/yesterday’s drop is a correction and overall trend keeps its momentum (doesn’t break the lower channel limit), next rise will prolly reach about 2700sats.
At least from the classical TA point of view, minus the bots :p -
19800.com doesnt even trade in BTC anymore…so that’s FTC directly to CNY similar to cryptsy at FTC/USD…
I have no real feelings on this, it just seems kind of odd. a few months back they definitely did trade in BTC. Besides feathercoin they have a few other alts as well.
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@aciddude It makes sense, because the funding mechanism works by depositing crypto or CNY. People get a deposit bonus of 0.5%, but every withdrawal takes 0.5% off as well. Having the trades in normal currency could attract a larger customer base, because most people don’t like working with fractional amounts (more than 2 decimal places).
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Interesting day today. Btc dumping. Ftc rising.
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Almost every reasonable alts made an exponential rise in the last 2-3 months, but FTC only rising steadily. Is it normal? I thought reach more than 10k in april.
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@SimonTower One factor could be that the coins are not liquid enough yet. Arguably, most of the rise has been driven by Chinese speculators/investors. Fluctuations of +/- 20% happen daily, which is great for day trading. I wouldn’t mind putting a few hundred pounds extra in, just to see what happens after halving. However, it’s a bit painful to convert the coins back into pounds if I ever desire to. It would be nice to have an 19800 equivalent in the UK.
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@Frozenace Just out of interests what do you consider to be the easiest was to convert FTC to GBP at the moment. This is something that I will be looking to do in the future (depending on the price).
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@Danlau said in Who is buying?:
@Frozenace Just out of interests what do you consider to be the easiest was to convert FTC to GBP at the moment. This is something that I will be looking to do in the future (depending on the price).
imho as a person using GBP a lot…you have a few options
- Bittylicious…if someone buys
- Trade OTC - if you can find a buyer
- Sell FTC for BTC, Trade BTC on LocalBitcoins for GBP
the easiest is probably the LocalBitcoins route as you’re pretty sure to get your GBP…there will be fees and paperwork along the way.
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@aciddude Thanks for the reply. Bittylicious was my first choice as this seemed to be the most straightforward however they currently don’t have any buyers who would want a ‘one off’ purchase. I could register as a broker however I don’t have the time to sit around all day waiting for the individual ‘small’ buys.
I shall take a look into the others that you have suggested. Thank you.
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Look at that Google Trends! Highest value now in the last 12 months. :o
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I found a site what use the API from 19800.com. It’s interesting because 100% of that orders made by trader bots without any logic. Look at that fluctuation. (0.00-0.8 yuan within seconds). It’s started 3 hours ago.
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@Danlau @aciddude Thanks for the comments. It’s quite easy to buy in, but hard to cash out, not that I want to at the moment. I don’t really want to lose another x% by converting the stuff back into Bitcoin and then cashing out. Hence, if there was a regulated company that can just provide a GBP/FTC pair (well, actually any other currency would be good too).
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@SimonTower
There is a paper about the correlation between bitcoin price and google trends, pretty legit work by academic standards.Regarding ftc/gtrends i noticed that usually in pre-pump times, there is a clear increase in interest.
Although the current trend does not follow older patterns accurately, i am quite curious about the next weeks and especially untill Aug.
Of course, there is lots of manipulation in price action, as many of us tested, so movements can be mostly artificial.Other than that, by traditional TA i expect the price to go up to 2500-3500satoshis by mid-June/July.
