FTC/BTC Technical Analysis / Speculation
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[quote name=“Kevlar” post=“31748” timestamp=“1382124498”]
[quote author=chrisj link=topic=4084.msg31741#msg31741 date=1382122793]
[quote author=adamstgbit link=topic=4084.msg31719#msg31719 date=1382118652]
i’m starting to think even if BTC goes parabolic to 180, FTC will hold, because we all know what comes after a parabolic rise ;)
[/quote]You mean prices can’t just keep going up because that would require infinite time?
[/quote]Well, sort of. He’s saying that if it goes to 180 it’ll come back to 160.
Presently it bumped off 160 for a day before breaking out to 165, where it’s presently bumping it’s head now.
Since 160 had some strong resistance I expect that resistance will turn into support now when it comes back down.
But the real story here is the FTC price. It’s now hit new lows at $0.0768235 USD, and the buy support on MCXNow really tells a frightening story: 8.5 BTC being bought, vs 100,239.1 BTC being sold for a ratio of 12,529:1 against the price. (that can’t possibly be right, can it? Do they mean 100,239 FTC?) Cryptsy market books are practically empty. I can’t see BTC-e since they banned Tor exit relays.
The reality here is that if this trend continues unabated with nothing to prop up speculation, the price of FTC is about to bottom out completely. Regardless of what BTC does, the market has lost it’s nerve with regards to FTC and there’s not a whole lot we can do about it besides hope a wild whale appears.
unkunku absolutely nailed the reasons for this:
[quote author=unkunku link=topic=4084.msg31675#msg31675 date=1382109781]
FTC is not being valued as a commodity, rather as a currency. BTC is valued as a commodity with scarcity. This scarcity scenario is practically unpresent today with the money supply of FTC.
Yes the value may go up long-term, and moreover, saying that the coin one day will be worth X is just hyping it. And we’ve had alot of this recently which now is receeding, and the true value of FTC is gradually showing.
[/quote]
[/quote]Kevlar,
What are you doing with your FTC given the recent drop? Would you suggest selling FTC and if so, what would cryptocoin would you buy?
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[quote name=“pairmike” post=“31772” timestamp=“1382152964”]
[quote author=Kevlar link=topic=4084.msg31748#msg31748 date=1382124498]
[quote author=chrisj link=topic=4084.msg31741#msg31741 date=1382122793]
[quote author=adamstgbit link=topic=4084.msg31719#msg31719 date=1382118652]
i’m starting to think even if BTC goes parabolic to 180, FTC will hold, because we all know what comes after a parabolic rise ;)
[/quote]You mean prices can’t just keep going up because that would require infinite time?
[/quote]Well, sort of. He’s saying that if it goes to 180 it’ll come back to 160.
Presently it bumped off 160 for a day before breaking out to 165, where it’s presently bumping it’s head now.
Since 160 had some strong resistance I expect that resistance will turn into support now when it comes back down.
But the real story here is the FTC price. It’s now hit new lows at $0.0768235 USD, and the buy support on MCXNow really tells a frightening story: 8.5 BTC being bought, vs 100,239.1 BTC being sold for a ratio of 12,529:1 against the price. (that can’t possibly be right, can it? Do they mean 100,239 FTC?) Cryptsy market books are practically empty. I can’t see BTC-e since they banned Tor exit relays.
The reality here is that if this trend continues unabated with nothing to prop up speculation, the price of FTC is about to bottom out completely. Regardless of what BTC does, the market has lost it’s nerve with regards to FTC and there’s not a whole lot we can do about it besides hope a wild whale appears.
unkunku absolutely nailed the reasons for this:
[quote author=unkunku link=topic=4084.msg31675#msg31675 date=1382109781]
FTC is not being valued as a commodity, rather as a currency. BTC is valued as a commodity with scarcity. This scarcity scenario is practically unpresent today with the money supply of FTC.
Yes the value may go up long-term, and moreover, saying that the coin one day will be worth X is just hyping it. And we’ve had alot of this recently which now is receeding, and the true value of FTC is gradually showing.
[/quote]
[/quote]Kevlar,
What are you doing with your FTC given the recent drop? Would you suggest selling FTC and if so, what would cryptocoin would you buy?
[/quote]If you don’t [b]believe [/b]in the coin that you buy, you will lose tons of money. you buy high because that coin was being hyped, and you’ll sell low, because that coin was down on its luck.
you have to believe or you will lose money.
thats my cryptocoin philosophy
so, stick with FTC…
don’t go around buying and selling alts trying to make money, you will for sure lose money.
learn more about FTC, talk about FTC here on the forum, help grow the community by telling poeple what FTC is all about and why you’re backing it. -
[quote name=“pairmike” post=“31772” timestamp=“1382152964”]
[quote author=Kevlar link=topic=4084.msg31748#msg31748 date=1382124498]
[quote author=chrisj link=topic=4084.msg31741#msg31741 date=1382122793]
[quote author=adamstgbit link=topic=4084.msg31719#msg31719 date=1382118652]
i’m starting to think even if BTC goes parabolic to 180, FTC will hold, because we all know what comes after a parabolic rise ;)
[/quote]You mean prices can’t just keep going up because that would require infinite time?
[/quote]Well, sort of. He’s saying that if it goes to 180 it’ll come back to 160.
Presently it bumped off 160 for a day before breaking out to 165, where it’s presently bumping it’s head now.
Since 160 had some strong resistance I expect that resistance will turn into support now when it comes back down.
But the real story here is the FTC price. It’s now hit new lows at $0.0768235 USD, and the buy support on MCXNow really tells a frightening story: 8.5 BTC being bought, vs 100,239.1 BTC being sold for a ratio of 12,529:1 against the price. (that can’t possibly be right, can it? Do they mean 100,239 FTC?) Cryptsy market books are practically empty. I can’t see BTC-e since they banned Tor exit relays.
The reality here is that if this trend continues unabated with nothing to prop up speculation, the price of FTC is about to bottom out completely. Regardless of what BTC does, the market has lost it’s nerve with regards to FTC and there’s not a whole lot we can do about it besides hope a wild whale appears.
unkunku absolutely nailed the reasons for this:
[quote author=unkunku link=topic=4084.msg31675#msg31675 date=1382109781]
FTC is not being valued as a commodity, rather as a currency. BTC is valued as a commodity with scarcity. This scarcity scenario is practically unpresent today with the money supply of FTC.
Yes the value may go up long-term, and moreover, saying that the coin one day will be worth X is just hyping it. And we’ve had alot of this recently which now is receeding, and the true value of FTC is gradually showing.
[/quote]
[/quote]Kevlar,
What are you doing with your FTC given the recent drop? Would you suggest selling FTC and if so, what would cryptocoin would you buy?
[/quote]I’m holding onto it. No I wouldn’t suggest selling it at an all time low, that would be the wrong move entirely. I’d suggest buying while it’s cheap, and holding on to it LONG term. Like years.
FTC is a great choice for shorting BTC, which is overbought ATM. So are MCXFees. Right now I’d suggest buying USD for the short term, and selling it for BTC in a day or three.
Let me be clear since I’ve probably confused some of you:
Crypto currencies ARE the future of wealth and value store. Bitcoin has an early adopter advantage and is rising on news AND adoption. This will eventually happen to any crypto currency that gains widespread acceptance.
Feathercoin is overvalued at the moment because of a lack of adoption, and that adoption will take a long time to spread. But in a year or two from now You’ll be laughing and how cheap it once was. JUST LIKE BTC!!! It’s got the same path to follow, and the early adopters are reading this right now. It’s going to go down before it goes up… It has to in accordance with the laws of supply and demand. Is now a good time to buy FTC? It depends on your goals. Are you looking to make short term gains against the USD? Wrong coin entirely. Are you wanting to short BTC in for the next few days? Maybe a great call… Maybe BTC will skyrocket to 200 and never look back. I don’t know for sure. Are you looking for a long term value store that will pay off big in three years? Buy as much FTC as you can… And then get involved in it adoption. There’s soooooo many ways to do so! Kickstarter, client development, service development, marketplace, etc.
That’s what I’m doing, but I don’t have any delusions about the price in the next two months… I know my pay off is still a ways away.
What were doing here is “technical” analysis, and it’s a great way to predict short term price changes. What I just talked about is “fundamental” analysis, and that’s VERY different, and much better suited for long term predictions.
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[quote name=“erk” post=“31807” timestamp=“1382183548”]
I lol at the people that think BTC is overbought. You ain’t seen nothing yet.The issue with FTC is you can hardly buy anything with it, whereas I have bought all sorts of bits and pieces with BTC.
People are so wrapped up in mining and exchanges, they don’t care about the fundamental function of a currency.
Go down the shop and see what you can buy with prime numbers!
[/quote]Name an item from [url=http://www.tipa.eu]www.tipa.eu[/url] and I will make FTC market auction for you…
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[quote name=“mirrax” post=“31808” timestamp=“1382184655”]
[quote author=erk link=topic=4084.msg31807#msg31807 date=1382183548]
I lol at the people that think BTC is overbought. You ain’t seen nothing yet.The issue with FTC is you can hardly buy anything with it, whereas I have bought all sorts of bits and pieces with BTC.
People are so wrapped up in mining and exchanges, they don’t care about the fundamental function of a currency.
Go down the shop and see what you can buy with prime numbers!
[/quote]Name an item from [url=http://www.tipa.eu]www.tipa.eu[/url] and I will make FTC market auction for you…
[/quote]we should offer a service like BTC had for a while, buy anything you want for ebay or neweggs for FTC.
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[quote name=“adamstgbit” post=“31771” timestamp=“1382149955”]
[quote author=adamstgbit link=topic=4084.msg31624#msg31624 date=1382074671]
1FTC = [img]http://thebitcoinreview.com/feathercoin_price_img.php[/img]$my god 7.89cents!
must…resist…urge…to…buy!
[/quote]i’m glad i stopped myself from buying, FTC/USD appears to be down a bit, and BTC is exploding! ;D
it’s almost over tho… BTC’s echo bubble will collapse, i’ve been predicting a hyperbolic move to 180 followed by a short lived bear market bringing bitcoin to 90-70.
Everyone thought my 180 prediction is nuts when i made it. and now everyone is convinced BTC will cut through 180 like a knife through butter. lol funny how it works like that.
[/quote]wowzers
bitcoin has really gone hyperbolic, can it go parabolic?
idk, but i know this will end in devastating crash… -
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[quote name=“erk” post=“32009” timestamp=“1382306900”]
This is a problem because it’s making people panic sell out of FTC and other alts. You might say good, cheap coins, but I say once someone sells at a loss, chances are they will feel burned and loose confidence in the coin.
[/quote]that has already happened
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[quote name=“adamstgbit” post=“32011” timestamp=“1382307202”]
[quote author=erk link=topic=4084.msg32009#msg32009 date=1382306900]
This is a problem because it’s making people panic sell out of FTC and other alts. You might say good, cheap coins, but I say once someone sells at a loss, chances are they will feel burned and loose confidence in the coin.
[/quote]that has already happened
[/quote][i]There is a theory which states that if ever anybody discovers exactly what the Universe is for and why it is here, it will instantly disappear and be replaced by something even more bizarre and inexplicable. There is another theory which states that this has already happened."[/i] -Douglas Adams
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[quote name=“MrAnderson” post=“32076” timestamp=“1382358349”]
[quote author=adamstgbit link=topic=4084.msg32037#msg32037 date=1382325163]
[img]http://thebitcoinreview.com/feathercoin_price_img.php[/img] ??? :o
[/quote] Great time to buy! Dig in :D
[/quote]I am!
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[quote name=“chrisj” post=“32083” timestamp=“1382360730”]
[quote author=MrAnderson link=topic=4084.msg32076#msg32076 date=1382358349]
[quote author=adamstgbit link=topic=4084.msg32037#msg32037 date=1382325163]
[img]http://thebitcoinreview.com/feathercoin_price_img.php[/img] ??? :o
[/quote] Great time to buy! Dig in :D
[/quote]I am!
[/quote]
+1 - nearly reached my “goal” :D -
[quote name=“ChekaZ” post=“32084” timestamp=“1382360899”]
[quote author=chrisj link=topic=4084.msg32083#msg32083 date=1382360730]
[quote author=MrAnderson link=topic=4084.msg32076#msg32076 date=1382358349]
[quote author=adamstgbit link=topic=4084.msg32037#msg32037 date=1382325163]
[img]http://thebitcoinreview.com/feathercoin_price_img.php[/img] ??? :o
[/quote] Great time to buy! Dig in :D
[/quote]I am!
[/quote]
+1 - nearly reached my “goal” :D
[/quote]i just started buying , two days ago 8) 8) 8)
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where are you guys buying from? im new to this exchange stuff?
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[quote name=“kris_davison” post=“32125” timestamp=“1382373274”]
where are you guys buying from? im new to this exchange stuff?
[/quote]btc-e.com have most of volume…
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[img]http://s10.postimg.org/py65gok0p/Untitled.png[/img]
we should try for a stable 0.00025BTC 8)
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Aren’t you too pesimistic? We should go for stable 0.001 ;)
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everyone remove your bids! we are going to 0.00029
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Yeah its a great community here. Lots of people willing to help you out. Also for me FTC is very good value right now. After the btc calms down prices will go back to normal.
