Who is buying?

Moonman

I believe i am not the only one here buying these cheap feathercoins OMNOMNOM :euro: :euro: :euro: :euro: :euro:

AcidD

With the Bitcoin price skyrocketing - now is the best time to be buying…before it’s too late :-)

looarn

What is the strategy ?

I mean BTC going high, I better keep it.

FTC going also high, not the right time to buy ?

AcidD

from what it looks like to me, people are jumping on the BTC price rise and actually selling FTC for BTC.

anything under 1000 sats is a good buy for me :-)

looarn

Hum you bet on the leverage effect if I understood well ?

A high BTC make the altcoin low, when this gonna inverse, then the leverage gonna put the altcoin high.

I think this is a bit risky, as we don’t know when BTC gonna finish its rise.

And the altcoin chart are also link to their own life. So not only the leverage.

EDIT : For instance, with all the annoucement on FTC going live in January, we can expect a rise. :)

AcidD

@looarn said in Who is buying?:

Hum you bet on the leverage effect if I understood well ?

A high BTC make the altcoin low, when this gonna inverse, then the leverage gonna put the altcoin high.

I think this is a bit risky, as we don’t know when BTC gonna finish its rise.

And the altcoin chart are also link to their own life. So not only the leverage.

Heh, it used to work like this for Litecoin back in the day.

But to be honest - I’m long on FTC…like very very long. Would probably only sell in the year 2020 :-) or never, I want to be able to spend my FTC in a shop one day.

AmDD

Ive got some low orders placed… A few have been placed over the last few weeks but Im planning on the BTC price driving down alts so my other orders will go through.

Moonman

@aciddude said in Who is buying?:

from what it looks like to me, people are jumping on the BTC price rise and actually selling FTC for BTC.

anything under 1000 sats is a good buy for me :-)

Yeah, buying under 0,007€
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kelsey

@aciddude said in Who is buying?:

@looarn said in Who is buying?:

Hum you bet on the leverage effect if I understood well ?

A high BTC make the altcoin low, when this gonna inverse, then the leverage gonna put the altcoin high.

I think this is a bit risky, as we don’t know when BTC gonna finish its rise.

And the altcoin chart are also link to their own life. So not only the leverage.

Heh, it used to work like this for Litecoin back in the day.

But to be honest - I’m long on FTC…like very very long. Would probably only sell in the year 2020 :-) or never, I want to be able to spend my FTC in a shop one day.

same i am very long in my core crypto holdings. i don’t cash out to fiat, (i trade but in between coins), always keeping my core holdings in a few (like ftc) waiting for a time when its easy to shop with etc.

thats the whole goal of these or there’s been no real point. alternative to fiat’s the aim not a fiat token to gain more fiat.

manage to pick up more today and the last few days (feels like today i was the only buy walls lol), always predicted (like others here) 700 sat, so 600 sat type buys i’m most happy to take.
most who’ve been around 2013 etc know alts fall bigtime when BTC rallies properly, but the good ones should rebound and sometimes massively.

i still think ftc has a big crypto future, no ones ever answered my “purpose of ftc” fully yet; but its there.

here’s to a great 2017 for ftc (and other non scam cryptos).

Moonman

Seems that there are about 1,5mil to 2mil ftc mined each month with the current hashrate.

What are your predictions on the marketcap of ftc, lets say in 6 months from now (presuming a crashing btc from 1200usd+ etc)

My guesstimation is that since a simple pump can drive the marketcap +9mil, a falling btc could drive the marketcap to 20-30mil.

looarn

To me FTC got a limited supply same as BTC and most of the Crypto. This is good, it mean on the long run it’s something rare.

FTC is ASIC resistant, it means everyone can contribut even on CPU mining (what I did personally) so to me FTC is better on this point than BTC.
In fact I mine both currently, but to be able to mine BTC I had to invest some money (we are talking k€ here) and that it’s not everybody can do.

Last thing, FTC gonna reach his real value when is use gonna be democratised. And this is the most important, if no one use it, no matter the advantages or the hashrate, the market cap gonna land to 1 satoshi, as lot of crypto end.

So as a merchand, I’ll accept for this year comming FTC, gonna look very strange for most of people but to me it’s mean something. :)

I really like the philosophy of FTC, more than BTC actually, and I kind of dont care about the market, I care about the uses, this is the real matter to me at least.

My 2 Cts,

kelsey

Moonman, looarn,. a side point to your discussion. i think inflation in crypto’s is over-exaggerated by many.
by this i mean; ask anyone how many bitcoin there are and most will reply “21 miliion” few would answer like “16.073 million”, so in effect the fact that there will be 21 million is already in many ways factored into the market.

if you’ve ever traded real world stockmarkets any certainties (not that that is entirely possible in real world markets yet it is with crypto ie the 21 mil), that will occur in the future are almost always factored into the price once known to the market (it doesn’t normally wait for the event to have to occur).

also when people discuss daily mining rates effects on a coin’s price they are assuming miners insta-dumping on the market anything they mine. i’d be confident that isn’t the case with ftc.

Moonman

Happy new year!
I am one of the people that have feathercoin in mind for usage in a variety of startups (currently i am rougly designing a service that uses ftc exlusively, but it has a looooong way ahead of it untill its a valid idea, people have to see it, agree, improve, finance etc)
The community aspect of it is what makes me lean towards ftc.
Of course, i love some good daytrading but also holding for the long run, when extensive adoption will happen (and everyday use will be a reality).
Price, volume, marketcap and other financial factor speculation is just one of my kinky hobbies, hence the spec post. :)

looarn

The main purpose is to enjoy what we are doing, you got a point there @Moonman :)

My best wishes to all feathercoiners !

Moonman

So fellow traders and believers, what’s your view/guesses/estimations/feelings?

ChekaZ

@Moonman said in Who is buying?:

So fellow traders and believers, what’s your view/guesses/estimations/feelings?

About Feathercoin? - Iam not worried actually, its pure manipulation again, top bittrex wallet getting bigger and bigger…
But yeah, price could rise to 5k~ levels that would be better.

Regards,
ChekaZ

AmDD

Im still buying. I only wish Id have held out longer and had more capital to buy more now rather than the whole way to this level… Oh well…

I will say that probably about a year ago I was nearing my “goal” for the number of FTC I wanted to reach and hold long term… Im now working on double that number. Bring on the cheap coins! :)

Mansuetus

I see clear correlation between feathercoin hashrate and feathercoin price in USD (not BTC). Based on that, I am fully convinced that feathercoin price is mainly driven by miners, who sell all harvested coins instantly. If there is more miners keeping their stash for the future, price will grow by casual speculators.

Moonman

@ChekaZ that 2+mil guy, been watching that wallet a long time now, keeps accumulating :p

AcidD

@Mansuetus said in Who is buying?:

I see clear correlation between feathercoin hashrate and feathercoin price in USD (not BTC). Based on that, I am fully convinced that feathercoin price is mainly driven by miners, who sell all harvested coins instantly. If there is more miners keeping their stash for the future, price will grow by casual speculators.

I think there’s a few ways to see this…

Feathercoin pumped last year and when the price went high, alot of GPU miners jumped on board which of course made the hashrate and difficulty rise.

if you go to https://whattomine.com/ Feathercoin is in the top 10 of what to mine and exchange for BTC. (at the time of writing this)

if you go here https://bitinfocharts.com/comparison/hashrate-ftc.html look at the year 2016, and you can see the hash rate correlates with the two pumps/rises FTC got during 2016

My Two Pence: To me this looks like a mega whale purposely keeping the price down.