Feathercoin up 400% in a week
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If you look at volumes on DOGE, FTC, BCC, etc., there was a ton of volume on these coins yesterday all at once. In fact DOGE had the highest one day volume on bittrex in history. This makes me think it’s a single group or entity putting down some volume. Most likely this is someone that moved a bunch of coin to BTC in anticipation of the BTG split and are returning to third tier alts. (Not this kind of movement on ETH, LTC, XRP and others)
It could also be that all these new crypto hedge funds are heavy in BTC, ETH and other top 10’s and have a lot of money they need to put into older, tried & true coins that have been around for a long time. The new investment money from all the noise over BTC this year is likely to cause a second bounce for a lot of coins IMO.
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I feel the alts are undervalued at the moment, especially the older coins like FTC, Peer etc. I saw a couple of posts on reddit a week or two ago, stating how undervalued FTC was. I bet that caused a couple of people to open their physical wallets.
I haven’t bought FTC in years, I just realised I didn’t even have an account on this forum but I have been lurking on here since 2013. I was an avid miner and bought some when they were 10p’ish a coin. Wish I dumped a lot of money some money a few weeks ago now ! haha . But then again I bet we all wish we put in 10k in to LTC etc when the price was only £1 a few years back. god damn it makes you sick doesn’t it! :)
I lost my 100LTC wallet after a reformat too, every time I look at the price i wince.
Once these coins are easily exchangeable I think the price will rocket. The main problem with these coins at the moment is they are such a pain to sell and not enough merchants take them.
One day when we can all use our phones that are loaded with coins, touch to pay at any merchant, between friends and countries will be the day this stuff really works. -
@digga said in Feathercoin up 400% in a week:
I lost my 100LTC wallet after a reformat too, every time I look at the price i wince.
Ouuch : I feel that. Been helping some meat worlders recover some wallets, still to open Bitcoin wallet with forgotten password.
Trying to be positive …
The only good thing to say is it get’s you “up to speed”, learning and setting methods in place to secure your own finances. It’s also a valuable skill to experience recovering wallets and keys, sort of “future accountant”. -
@wrapper
Yeah I can’t believe I was so careless. Back then 100 LTC was £100. Incidentally I made 2 purchases that day from bittylicious, some FTC + some LTC. I went and backed up my FTC wallet as I bought those first. Looks like I bought the LTC and had the wallet installed on C: and forgot about it. Crypo was so dead then and I guess the £100 really wasn’t a big deal in my life entiretyI decided to upgrade my desktop so I took the SSD and installed it in my new machine, formatted and reinstalled windows. Fast forward 12+ months and then I see LTC hit £50. I was like hmm, let me see how many LTC I got (out of interest) oh… I can’t find my LTC wallet, wait a sec! oh shit…
Many a night I tried to recover the wallet.dat file with various recovery tools, but I could only recover some of the program files. Those blocks were no doubt overwritten and overwritten again months ago.
Decided to take it on the chin, as it was causing me many sleepless nights and anxiety as I continued to see LTC hit £70 and was thinking what I would of done with that 7k. If I could find a specialist to take the drive to bits, then perhaps i’d have a chance. If I had 1000 LTC on there, then I probably would have.Nowadays I decided to buy 10% of my pay check (after tax) on some crypto per month. So i’ve got about 11LTC so far. This helps adjust for crash and hikes, as for all we know if the government bans/makes it impossible for exchanges in 2 years, we are all out of luck.
I also decided that i’d never sell what crypto I do have for this small gain. I’d rather wait until this system finally works and it’s worth selling, or I’ll take the money I have invested on the chin (which will probably be less than a few thousand.
Hell I guess if FTC goes to £4, i’ll cash out too :) -
@calvinweight
FWIW, mining activity also picked up in the past few days. FTC network hashrate more than doubled from around 1.5 GH/s to 3.5 GH/s. Coincidence? -
@taurus not suprised since the price has quadrupled. More profits for the miners. Wonder how long the price rise will continue.
Wish I could go back in time 3 days ;) -
@digga said in Feathercoin up 400% in a week:
More profits for the miners.
Actually, no. Since the network difficulty has also quadrupled, the profits are essentially unchanged.
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@taurus hmm, looks like it’s only gone up about 2.5 times to me. 20->50. Profits should be significantly better, until everyone else moves :)
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Don’t underestimate the hashrate thrown in by the multipools. They switch on and off, creating peaks in hashrate.
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@wellenreiter said in Feathercoin up 400% in a week:
Don’t underestimate the hashrate thrown in by the multipools. They switch on and off, creating peaks in hashrate.
Was a fairly consistent 1.2-5gh until this madness! Gone from 20-30 coins a day depending what i had mining to around 10 with both cards at max :(
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@gooders well at least with the price is triple what it was. The value should be about the same. (assuming it maintains)
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@j_scheibel said in Feathercoin up 400% in a week:
@gooders well at least with the price is triple what it was. The value should be about the same. (assuming it maintains)
Yeah… i’ve not cashed out just yet… going to risk it!
Wish i hadn’t cashed out 250 coins at 850 just a week ago! Part of trading i suppose… i am not mining to make money, that’s just a bonus towards costs!
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@digga said in Feathercoin up 400% in a week:
like it’s only gone up about 2.5 times to me. 20->50.
It’s averaging around 75 and peaking above 100 for the last 24 hours.
https://www.coinwarz.com/cryptocurrency/coins/feathercoin -
Is there any hope that feather coin will be bullish again?
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@omiseyeola said in Feathercoin up 400% in a week:
Is there any hope that feather coin will be bullish again?
well it’s gone way back down now… to what it was… but still nearly double what it averaged before this jump.
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We are still bullish IMO unless we fall below 1050 or so:
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@calvinweight said in Feathercoin up 400% in a week:
We are still bullish IMO unless we fall below 1050 or so:
I need to learn how to use TV :(
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I am in no way trying to say that I had anything to do with the rise in price…because I seriously doubt that I did.
With that being said:
I went onto a few of the crypto discussion pages that I follow about a week before the jump in price, asking if anyone had ever heard of FTC. I was scouring the internet for a profitable mining opportunity, and somehow stumbled across FTC. I read about the project, and was really intrigued by it. As most of you know, Feathercoin IS a great coin. After reading about it, and asking around to see if anyone had ever heard of it, I never ended up buying any, but I kept it on my radar. 3 or 4 days after I started talking about it, it had this crazy jump. I am still kicking myself for not buying in when I originally found it. I have since become an avid fan, and this is the first coin I’ve ever mined.
Like I said at the beginning, I’m not saying that it was my fault, but it sure was a strange coincidence. Maybe we have more influence over these Alt markets than we think…who knows…?
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I know that we don’t have any influence … :)
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not entirely true, our/your presence in the forum promotes an active community. without us its likely feathercoin would go away. … now if it ever REALLY took off the relative importance of anyone person would go down dramatically.
