Who is buying?

Moonman

Hmmmm correction or trendline broken?
My guess is btc bubble cycle begins in the near future.

SimonTower

@Moonman Look at the whole market. 90% of coins are red today(-10-50%), so relax. In the last year the real FTC jump was right after this stage. I think it isn’t a “correction”, it’s only “following the sheeps”. ;)

FlatBlack

@SimonTower aye, fren… thanx for some statement…
a bit calm ere… :blush:
.
so…is asia-market causing dis ‘situation’ currently…?

SimonTower

@FlatBlack Lots of traders realize the profit at BTC that’s why the panic. Look at Polo trollbox or the alts at Bter (based on CNY) :)

I don’t know what’s will happening but In my opinion the uptrend will continue. Our volume is higher than ever at Bittrex for months now and that’s a good sign.

FlatBlack

@SimonTower oralleee…:hugging: hopefully :fingers_crossed:

Moonman

I usually mock pack mentality in trading, but i can’t say big dips don’t scare me. Even at times where after TA i say to my self “its just a correction” or “healthy volatility”, red is scary anyway you see it. Basic instincts you see :p

FlatBlack

@Moonman :oD Noted…!!!
hard to be a ‘strong-hand’… ehh…? ;3)

Moonman

@FlatBlack

TrollboxChamp

I wont sell :)

TrollboxChamp

I will let my ftc sit for a few years. Then maybe i woukd think about selling some. Dont be scared team

FlatBlack

@Moonman ayyye, mate… dat d ‘mode’ im ‘in’ rit, now… ;oD
thanx for d ‘tips’… ;3)

TrollboxChamp

Bought a few more at 12 to 1300. Seems cheap at this point

surfguy72

Had a friend loose 40% of his crypto holdings. Reminder: DON"T LEAVE MUCH ON AN EXCHANGE. Use 2-factor auth, and back all your encrypted wallets often.

Posting here to say, FTC is the coin he trusts in long term. So he’ll be cashing in his milk money to buy FTC and get back to where he was :)

AcidD

@TrollboxChamp said in Who is buying?:

Bought a few more at 12 to 1300. Seems cheap at this point

In the grand scheme of things… it’s very very cheap.

Moonman

@surfguy72
Which exchange?

surfguy72

@Moonman It was bittrex. So far, it appears to be a key-logging software that got him. He didn’t hold enough for anywhere here to be worried, just sucks to see anyone loose money that way.

Moonman

@surfguy72
Yeah its pretty sad :(
Always use a good antivirus people!

TrollboxChamp

@aciddude yup. 100k by summer 2018? :)

TrollboxChamp

Lots of ppl we could get onboard within the gpu mining community. Btc price bump has done mining wonders.

Moonman

Although i like the optimism, i really can’t see an ftc marketcap >20mil in 2017-2018. If you look at historical charts, even at overhyped periods for the coin, it did not surpass that number (not taking in account extremely short pump peaks).
The simplest way to speculate future value is to speculate how much fiat will flow towards ftc - how many people will give their money to buy ftc.
With a current circulation of about 165m coins, to reach a value of 100.000 satoshis, means a btc value of 0.001 = 2eur/ftc, a marketcap of 330mil.

I wish that would happen, because i would be an actual millionaire in that case, but to be honest, the possibility of reaching such numbers is pretty difficult.

On the other hand, a target of 10.000sats its actually possible, market cap of 30some million at current btc value, with ftc going to 0.2eur/ftc, now that i can imagine.

Of course there is the possibility of a sudden extreme rise of btc value AND people not insta-dumping their ftc, which is highly unlikely too.