When will FTC establish as useful currency?
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Hi!
I’m new to FTC and find the concept very interesting and especially very useful for online economy. I know this is something what you’ve probably discussed already but I have the feeling that many traders have forgot about the purpose of an alternative crypto currency. Or it at least seems so because the time hasn’t arrived yet to use FTC in a very useful way. I try to explain what I actually want to say:
At the moment every alt. coin currency is just a high risk investment with no real use but actually it should be a currency you can trade and buy things with it. Of course there are already some shops who accept BTC or FTC but there are no such shops where the mainstream would buy because it’s too much risk for these shops. So mainstream shops will only accept FTC if the price is stable. But if we look to BTC we see it’s almost 5 years since the first bitcoin has been created and there is no hope for a stable price soon. But at some time this must have an end, right? When will the prices be stable? Maybe when most people on earth change their conventional currency in alt. currencies? Because as long as there are an increasing interest in alt. currencies the prices will raise (and drop sometimes). That’s the way I see this, maybe I think about it in a wrong way, so I’m very interested what’s your opinion. To finish my thoughts: It could be take years or even a decade until the first bigger shops which are interesting for the mainstream start to accept BTC, FTC etc. What’s your opinion? Do you think that it’s possible that alt. cr. currencies never will be becoming a useful currency that we use like the national currencies we use at the moment? And the last question which actually brought me to start this topic: Does it make sense for now asking shops (like gog, steam, amazon etc.) whether they will be accept FTC in the (near) future? Or is it too early? -
[quote name=“PL_CoinTrader” post=“44219” timestamp=“1387018757”]
Hi!
I’m new to FTC and find the concept very interesting and especially very useful for online economy. I know this is something what you’ve probably discussed already but I have the feeling that many traders have forgot about the purpose of an alternative crypto currency. Or it at least seems so because the time hasn’t arrived yet to use FTC in a very useful way. I try to explain what I actually want to say:
At the moment every alt. coin currency is just a high risk investment with no real use but actually it should be a currency you can trade and buy things with it. Of course there are already some shops who accept BTC or FTC but there are no such shops where the mainstream would buy because it’s too much risk for these shops. So mainstream shops will only accept FTC if the price is stable. But if we look to BTC we see it’s almost 5 years since the first bitcoin has been created and there is no hope for a stable price soon. But at some time this must have an end, right? When will the prices be stable? Maybe when most people on earth change their conventional currency in alt. currencies? Because as long as there are an increasing interest in alt. currencies the prices will raise (and drop sometimes). That’s the way I see this, maybe I think about it in a wrong way, so I’m very interested what’s your opinion. To finish my thoughts: It could be take years or even a decade until the first bigger shops which are interesting for the mainstream start to accept BTC, FTC etc. What’s your opinion? Do you think that it’s possible that alt. cr. currencies never will be becoming a useful currency that we use like the national currencies we use at the moment? And the last question which actually brought me to start this topic: Does it make sense for now asking shops (like gog, steam, amazon etc.) whether they will be accept FTC in the (near) future? Or is it too early?
[/quote]While BTC isn’t very stable, LTC and FTC are pretty stable, with prices of 29-36$ and 0.4~0.6$ respectively.
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[quote name=“PL_CoinTrader” post=“44219” timestamp=“1387018757”]
While BTC isn’t very stable, LTC and FTC are pretty stable, with prices of 29-36$ and 0.4~0.6$ respectively.
[/quote]As of only a month. before then it was about 2.50 and .11 cents
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This is still the myth none can foresee, it’s just about time we will see the result of all this geek porn. ;)
Might be wrong but: [quote]I’m not a native English speaker and thus I do probably some mistakes in my posts. In advance I hope you will forgive me for that but I appreciate every kind hint where I did mistakes. thanks! :)[/quote]
‘‘make some mistakes’’
Cheers!
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Who created feathercoin anyway?
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It already is a very usefull currency however it isn’t used on a large scale.
The greatest thing about cryptocurrency is that it is some much: cleaner, transparant and above all: faster and international.
We are planning to use FTC to pay out people who provide storage and bandwith for example… how would you do that with dollars?
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When nothing else is now ;)
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When the feathercoin market https://market.feathercoin.com has listing over 100.000 items for sale you can consider FTC as useful currency that will produce a slingshot effect to FTC, drive its value over BTC it will focus all attention to FTC please list your items on the feather coin market and claim your 1 Free lucky feathercoin for each 10 items listed on the feathercoin market read about the conditions of the lucky coin reward here https://forum.feathercoin.com/index.php/topic,6043.0.html
Regards,
Demir -
LTC is as unstable as BTC ,it just hit sub $20/ltc before recovering a little
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[quote name=“cyborg” post=“45530” timestamp=“1387302131”]
LTC is as unstable as BTC ,it just hit sub $20/ltc before recovering a little
[/quote]Just bought another 10 LTC, let’s go back to the moon! Bought a hellot of FTC for 75ct each :-\
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[quote name=“Pryderi” post=“45535” timestamp=“1387302622”]
[quote author=cyborg link=topic=5987.msg45530#msg45530 date=1387302131]
LTC is as unstable as BTC ,it just hit sub $20/ltc before recovering a little
[/quote]Just bought another 10 LTC, let’s go back to the moon! Bought a hellot of FTC for 75ct each :-\
[/quote]Me too. But I don’t really care because I just hold them.
Thanks for the responses. But to my last question of the topic: Do you think it makes sense already to ask the shops in which one buys or is it too early? That question is maybe a little stupid because that won’t hurt to ask. But on the other hand I read some posts that FTC needs some time before getting known. For instance could a rush on FTC lead to very unstable prices and therefore decreasing trust in Feathercoin. What you think?
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[quote name=“PL_CoinTrader” post=“45582” timestamp=“1387310394”]
Thanks for the responses. But to my last question of the topic: Do you think it makes sense already to ask the shops in which one buys or is it too early? That question is maybe a little stupid because that won’t hurt to ask. But on the other hand I read some posts that FTC needs some time before getting known. For instance could a rush on FTC lead to very unstable prices and therefore decreasing trust in Feathercoin. What you think?
[/quote]
If I’m understanding correctly, you’re asking, “Do you think it makes sense to ask merchants to accept payment in FTC, or is it too early?”. I don’t see what it could hurt in asking, as long as you are being up front and honest in the information you’re giving out. I feel that, if the merchant feels confident in where the coin is headed, is educated in how the process works, and realizes that there will be a great deal of price volatility, they can come to their own conclusion on what to do. The problem I see with merchants is, they have a business to run. Sometimes they have some pretty tight margins and accepting FTC, while it could be great for them long term, might run them out of business short term. -
[quote name=“MTRisner” post=“45588” timestamp=“1387311815”]
[quote author=PL_CoinTrader link=topic=5987.msg45582#msg45582 date=1387310394]
Thanks for the responses. But to my last question of the topic: Do you think it makes sense already to ask the shops in which one buys or is it too early? That question is maybe a little stupid because that won’t hurt to ask. But on the other hand I read some posts that FTC needs some time before getting known. For instance could a rush on FTC lead to very unstable prices and therefore decreasing trust in Feathercoin. What you think?
[/quote]
If I’m understanding correctly, you’re asking, “Do you think it makes sense to ask merchants to accept payment in FTC, or is it too early?”. I don’t see what it could hurt in asking, as long as you are being up front and honest in the information you’re giving out. I feel that, if the merchant feels confident in where the coin is headed, is educated in how the process works, and realizes that there will be a great deal of price volatility, they can come to their own conclusion on what to do. The problem I see with merchants is, they have a business to run. Sometimes they have some pretty tight margins and accepting FTC, while it could be great for them long term, might run them out of business short term.
[/quote]^This. And also, FTC started in April THIS year where BTC started in 2009. There’s no need for hasty decisions or worries about FTC staying far from the big guys. If ‘‘we’’ keep our faith into the coin itself it will just be a matter of time (but not short term) other people trust the FTC as well.
