VALUE - Here's what I understand
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[quote name=“chrisj” post=“6018” timestamp=“1369403692”]
[quote author=UKMark link=topic=778.msg6013#msg6013 date=1369403094]
The only way Feathercoin will get into more hands is when people stop falling for same trap and selling low, buying high.
What you state about the bot is absolutely true and plainly obvious to anyone if they care to look, you can basically set your watch by the dumps, you can also set your buy in price by them too.
I also feel someone with a huge amount of BTC is trying to undermine FTC value and create panic, by selling at a slight loss, as they know they will be able to pump it back and earn twice their loss as profit given time.
[/quote]To stop people from selling low we would need to educate them. That could be a huge undertaking but I can do my best in the BTCe Trollbox. I noticed someone there just now almost acting as an FTC Ticker updating on the latest stats. That could keep Feathercoin top of mind which is a strong strategy in Brand Positioning.
We need to be open to persuasion when people come at us with criticisms. Unless it is a blatant troll which we should correct as swiftly as possible if someone has a legitimate concern then we should invite them here with a direct link to Newbie forum and say hey, “raise it here we would love to hear your views”.
Once people are here we can get people invested for the long term.
[/quote]I agree! But people get fearful, it’s a natural counter-instinct when one is originally greedy :) IE: they only buy high because they think it is going to moon, they then sell low because they realise it wasn’t and try to cut their losses, if they were not greedy they would be buying low and holding, yes I trade, but I hold more offline than I ever do trade. Once people stop being greedy and the tree is fully shook of weak hands and bad apples, then the price will rise and it could rise quite rapidly too, faster than we have seen in recent pumps, which will leave quite a few greedy folk caught with their pants well and truly around their ankles :D
Just watching now, we have people dumping at 0.00093 while everything is being bought up to 0.00103… :o
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If you’ve trusted the community this far, I’m asking you go a little further down this road with me. Now we’re moving into Phase 2, I’m dedicating these hours moving forward:
M-Th 7a-10a, 9p - 11p (20 hrs)
F-Su (10 hrs)30 hours each week is Feathercoin. I sold quite a bit of Litecoin last night for FTC… I’m burning my bridges behind me so I have no choice but to help make this coin a success. I take the time and investment each of you make into the coin to heart.
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[quote name=“UKMark” post=“6025” timestamp=“1369405372”]
Once people stop being greedy and the tree is fully shook of weak hands and bad apples, then the price will rise and it could rise quite rapidly too, faster than we have seen in recent pumps, which will leave quite a few greedy folk caught with their pants well and truly around their ankles :D
[/quote]Love the tree analogy. Not sure people will ever stop being greedy but I am encouraged by the idea that this is a selection process and only the brave will survive; which is exactly what this coin needs.
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I’ll say it again. More people outside of the “mining” community/speculators need to have feathercoins. The only way is to find a way to literally give it to them. thus my suggestion on a simple donation method for bloggers an URI to bring up the client for a simple transfer. Once a bunch of bloggers have maybe 10 to 40 ftc they’ll want to spend on something just because they have it. That’s when the market place will most likely increase with services. A lot of people here are probably US based. Until the mtgox dhs issue gets settled we should look at Europe, SA, and Oceania areas/bloggers
my limited 2 cents
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The problem with FTC are People don´t care about anything, many Young “so called Traders” are after fast profits. This is Happening right now again, it´s going way down, and Panic sells, started again. The Problem is after that trollbox, is flooded with People blame Ftc for theire loos and stop trading with ftc, but it´s theire fault alone, trading without any knowledge, you can´t loose Money, unless the coin die´s. I belive in this coin so i hold agood amount and bought what i can.
Btw BTC-E is not a good way to trade, to much talking, to less acting, Trollbox sucks hard, and there are People, that belive in some trolls, I tell you without that box, it wouldn´t hace so many Panic sells. Buy what you can and hold it!
Edit: 400.000 coins @ 0.00087 and 0.00088 beening for sale, this Needs to be stoped…
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it just dropped below 0.0008
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[quote name=“Shym” post=“6087” timestamp=“1369417164”]
The problem with FTC are People don´t care about anything, many Young “so called Traders” are after fast profits. This is Happening right now again, it´s going way down, and Panic sells, started again. The Problem is after that trollbox, is flooded with People blame Ftc for theire loos and stop trading with ftc, but it´s theire fault alone, trading without any knowledge, you can´t loose Money, unless the coin die´s. I belive in this coin so i hold agood amount and bought what i can.Btw BTC-E is not a good way to trade, to much talking, to less acting, Trollbox sucks hard, and there are People, that belive in some trolls, I tell you without that box, it wouldn´t hace so many Panic sells. Buy what you can and hold it!
Edit: 400.000 coins @ 0.00087 and 0.00088 beening for sale, this Needs to be stoped…
[/quote]Totally agree, most of these cheap sells must of been bought above 0.00100… Why sell at such a loss when you could of sold @ 0.00100 and probably will be able to again by Monday? It just hit 0.0093 again amongst this madness!
I’m not complaining though as I’m loving all of these silly cheap coins :D -
Yes, its a classic pump/dump going on. You should have seen sell orders in chunk of almost 210k which is designed to scare people and force them to sell.
Anyways, good for me. I was pleasantly surprised when my buy order at 0.0007 got triggered. I actually bought at bit more at 0.0008 purely to sell when the price goes up. The crash has increased my FTCs by almost 70 :)
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[quote name=“Magic8Ball” post=“6092” timestamp=“1369418370”]
Yes, its a classic pump/dump going on. You should have seen sell orders in chunk of almost 210k which is designed to scare people and force them to sell.Anyways, good for me. I was pleasantly surprised when my buy order at 0.0007 got triggered. I actually bought at bit more at 0.0008 purely to sell when the price goes up. The crash has increased my FTCs by almost 70 :)
[/quote]I did exactly the same, I have more buy orders in place too, panic on :D
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The trollbox is trial by fire for new people.
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i bought at .00102 then when price started to go below it i sold them purposely at a loss managed to get .001 and then rebought at 0.0008 which effectively increased the amount i had by 20%
its obvious will spike again around mon/ tue next week
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[quote name=“jeremiel” post=“6095” timestamp=“1369419015”]
The trollbox is trial by fire for new people.
[/quote]it is only thing people on it look out for is themselves best taking it with a pinch of salt
Although i see the next stage of the pump is starting buy order volume was at 63btc now upto 315 btc
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Changing the hearts and minds of day traders is something I’m not interested in doing personally. We need to really focus moving past this community and break into new markets. When we get the volume where it needs to be, it’ll be much harder to manipulate the price.
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[quote name=“justabitoftime” post=“6107” timestamp=“1369419954”]
Changing the hearts and minds of day traders is something I’m not interested in doing personally. We need to really focus moving past this community and break into new markets. When we get the volume where it needs to be, it’ll be much harder to manipulate the price.
[/quote]I didn’t know day traders had hearts? It’s all about the percentage. Yes it’s harsh but true… Services are easier to purchase with an unknown thing then a physical object. I’d suggest there first.
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The more places which are offering ftc for real life / digital products which have demand will get more users to adopt it as a currency. If we can get some solid websites taking it as payment others will follow, would be a good idea in the future when we have this to have a link page or shopping tab on the main page, so perspective users can see straight away places where their coins can be spent.
Im wanting to setup something as i have quite a few products at my disposal but need a plugin or way to accept ftc. If we have a plugin or easy way to implement this more stores will accept faster spreading the word. Or is there already a plugin or method i have missed ?
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[quote name=“Drjones” post=“6163” timestamp=“1369425616”]
The more places which are offering ftc for real life / digital products which have demand will get more users to adopt it as a currency. If we can get some solid websites taking it as payment others will follow, would be a good idea in the future when we have this to have a link page or shopping tab on the main page, so perspective users can see straight away places where their coins can be spent.Im wanting to setup something as i have quite a few products at my disposal but need a plugin or way to accept ftc. If we have a plugin or easy way to implement this more stores will accept faster spreading the word. Or is there already a plugin or method i have missed ?
[/quote]Nothing yet, but hopefully we will have something soon! 8)
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[quote name=“UKMark” post=“6008” timestamp=“1369402418”]
I think people are missing something here…BTC has gone up in value, FTC/USD value has not really moved, in fact it has increased since the last time we visited 0.00099. People seem to panic sell too, they buy at 0.00160 and sell @ 0.00010? WHY? :o
[/quote]Most people buying and selling on BTC-e are kiddos with no knowledge in economics and trading. They’re spoiled with make money fast stories and they’re easy to be manipulated. Someone pumped FTC to 0.00180 and dumped it to the bottom which would be about 0.00100, but it is lower actually due to a recent BTC/USD rise. A smart move would be to sell at 0.00180 and to buy now unless you’re a long term investor.
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Good news :D would be great if we could get a dev or plugin maker to create an easy install plugin for one or two of the bigger open source carts. Sounds like we got things on the way so fingers crossed. In the mean time i will create something simple with a manual ordering process.
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[quote name=“manugarvaz” post=“5985” timestamp=“1369397756”]
Value is going down! Fast! What’s the plan here?
[/quote]Value? Huh? Only the price has gone down. Does FTC even HAVE a value yet? -
The truth is though there are 2 million Feathercoins on sale on BTC-e right now, that’s a lot of coins a lot of which would have been mined not bought above 100. And nobody can predict the future, for all we know the price could drop to 0.0005 and then 0.00045 will seem cheap. Nobody knows where the bottom really is and there are a lack of good tools monitor BTC-e technicals. This is a good resource: https://btc.penek.org
Scarcity is a great way to create value and right now there are too many coins so all that will keep the price up is investor confidence and that means we have to have absolute clarity and belief in our messaging.
