FTC Delisted at BTC-e
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Volume my ass, there was thousands of buy vol for ages. I think they (btce) listed it to pump then got all they could out of it, inside trading if you ask me. I reckon they buy up all the coin they plan to list imo!
I have 4500 ftc and i for one will not sell even though im down 60%. -
Bad news :(
It feels volume isn’t true reason for this… More likely official statement.Could it be that their trade engine can’t handle too cheap coin values compared btc?
Already earlier had feeling that would like to have one or two more decimals there… -
[quote name=“richy” post=“33983” timestamp=“1384378512”]
Volume my ass, there was thousands of buy vol for ages. I think they (btce) listed it to pump then got all they could out of it, inside trading if you ask me. I reckon they buy up all the coin they plan to list imo!
I have 4500 ftc and i for one will not sell even though im down 60%.
[/quote]I’d say that’s a fair assessment. The problem with BTCe is they have the “Keep Playing Rules”, it’s a glorified casino where the rules of the game are to keep the punters playing and then sell them back their fees at a higher price.
It also looks terrible to payment processors and merchants. We need to act fast to get an alternative exchange in the EU, we have spoken to three so far.
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Jeez, is this what caused that ~70% decrease in value? Just cause it’s not on Btc-e people want to dump -.-
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I’ll still be mining!
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So, no one thinks this was personal? FWIW, [b]I do[/b]. I saw the writing on the wall a few days ago (thankfully). They (BTC-e) in my opinion have a grudge against FTC due to our users outspokenness in their chat, tickets and on forums. This is payback.
Perhaps I’m wrong, but I don’t think I am.
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Difficulty drop. More FTC for us.
Then recover like a monster.
I am loving this.
Even though I owe 900 LTC due to getting ripped off by an Avalon seller when tormail first died before it was completely wrecked.
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There is no community more active. Screw the idiots.
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I noticed the buy support drop off in stages over last 24 hours, I took some screen grabs. I think the whole thing was an inside job. They are basically monitoring inbound funds and manipulating the prices. Remember that as an exchange they see in to all of our accounts. So they have the top level view.
Though that still doesn’t explain all the sell orders, that is a lot of coins.
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I have an idea for rebounding, if anyone is interested. This is ridiculous.
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This is actually really interesting for me because I found some addresses for BTCe cold wallets.
Now I get to see what happens:[url=http://explorer.feathercoin.com/address/6pUkUJT4vMjnmaBE7zf7gu7QNrPGihbpLd]http://explorer.feathercoin.com/address/6pUkUJT4vMjnmaBE7zf7gu7QNrPGihbpLd[/url]
[url=http://explorer.feathercoin.com/a/71Bnbs1W7w]http://explorer.feathercoin.com/a/71Bnbs1W7w[/url]
[url=http://explorer.feathercoin.com/a/6mricKGjfk]http://explorer.feathercoin.com/a/6mricKGjfk[/url] -
There I was, thinking BTC-e could be trusted. I was so wrong, there was NO reason at all to delist FTC, TRC maybe, because of the lack of support, but FTC, come on! Taking out my coins as we speak, how can we trust not any other coin might see the same faith?
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Eh, I’ll keep mining. :)
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I have sent the dev a message about this to see if there is anything we can do. I do find this somewhat unfair as we have more volume than other alts but perhaps their minds can be changed if there is enough demand to keep it on there.
If not BTC-e then where will the volume reside for Feathercoin in the future?
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[quote name=“chrisj” post=“33995” timestamp=“1384380114”]
I noticed the buy support drop off in stages over last 24 hours, I took some screen grabs.
[/quote]Yep.
[quote author=chrisj link=topic=4389.msg33995#msg33995 date=1384380114]
I think the whole thing was an inside job. They are basically monitoring inbound funds and manipulating the prices.
[/quote]Double yep.
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The delisting is caused by attention to the LTC. This caused a systemic paralysis.
They’re going to regret doing this.
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Good idea Bushstar!
I haven’t been using BTC-e for a few months now, I have transferred all of my trading profile over to [url=http://coinmkt.com]coinmkt.com[/url]
It feels like it has a better management side, as well as FTC/USD/BTC/LTC. I would suggest moving over there! -
[quote name=“spiller” post=“34004” timestamp=“1384381458”]
Hey guys, Just stopped by to say - this is maybe a good thing because it was holding FTC down anyway. We lost some value, but we will make it back. Keep mining :)Exchange: I suggest CoinMKT (https://coinmkt.com) cool interface, USA based echange, with responsive support - and introduced FTC last month. You can also buy coins with OKPAY, so the fact that one can do quick transfer and pay with USD / EU may raise the value later on. I have noticed people buying FTC at higher value there, and traded a small amount yesterday.
This is only a suggestion, I do no work for CoinMKT or anything like that. Crypto-Trade is also good. Others may have ideas as well.
[/quote]- rep, I couldn’t have said it better myself
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Just signed up to CoinMKT, looks snazzy.
I think this whole de-listing saga is a massive inside job. BTCe just wanted to drive the price down to get cheap coins.
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Shame to see this go however I think theirs a lot that goes on behind closed doors on BTC-e than they let on. More exchange sites need to come out and be far better than btc-e… MTGOX use to be fantastic to do trading on. Now after all their BS its down hill. If their was a true exchange to come out like say cryptcy and have USD and payment gateways to put funds in take funds out then I think a lot of people would move over to cryptsy and let btc-e die off.
