Feathercoin price
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[quote name=“Oded” post=“50267” timestamp=“1389028560”]
[quote author=TrollboxChamp link=topic=6677.msg50259#msg50259 date=1389026719]
Dont fret man. You have learned a hard long lesson. You will be better off a year down the line. Hold em. Dont sell below your buy in.
[/quote]Good one.
long run it is.
[/quote]There remains definite interest, for example today we are back over the 13MM USD capital estimate although we drop down at times and go back up. But the volume of Feathercoin in last 24 hours for example (on BTC-E) is 5th at 600K+ after a 6MM+ with Peercoin even - that shows the support as the next emerging currency (hopefully not just hedging)…
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I’m so impressed with the number of sober, reflective replies here. You all are heroes in my book.
I’ve said this in a number of other posts, but it bears repeating:
The current price doesn’t matter. I know you think it does, because you’re want to make money quickly… and if that’s true you’re probably in the wrong forum, the pump and dumpers hang out in the troll boxes in the exchanges.
But if you ask most people here, they’ll tell you you’re looking at it wrong, as I think you’ve seen. They’ll tell you that crypto-currencies have intrinsic value inherit in their design, and that value will be realized slowly as they become more viable as a currency which can be used for transactions. They’ll tell you that the rapid rises are always followed by rapid falls, but the overall trend shows much promise. They’ll tell you stories about how they made the same mistake you did, buying when it went up, and selling when it went down, only to watch it rise again even higher 6 months later. They’ll tell you that the valuation is decided not by the price on exchanges which are relatively new players on the scene, but on the potential for disruption of existing markets and the adoption in mainstream settings, which drives acceptance, and therefore true value which can’t be taken away through price manipulation.
But please, don’t take our word for it. Do your own research. Perhaps you could tell us why you bought in the first place, and why you don’t think it’s present valuation is acceptable given it’s current position in the market?
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Hi hammers,
I bought in at .00066 and I saw the price drop to .00036 of a bitcoin that was half its original price, but you know what? I am not worried at all, I am in this long term, the price will come back up.
We are still in the very early days, be patient, it wont happen overnight.
As for important news, have you seen Kevlars Link thread? or Zerodramma’s Flux thread? they are not solely for feathercoin but its all good things happening.
Also, check out chrisj’s post on btc-e keeping the price down.
[url=http://forum.feathercoin.com/index.php/topic,6653.0.html]http://forum.feathercoin.com/index.php/topic,6653.0.html[/url]
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[quote name=“Kevlar” post=“50295” timestamp=“1389036460”]
But please, don’t take our word for it. Do your own research. Perhaps you could tell us why you bought in the first place, and why you don’t think it’s present valuation is acceptable given it’s current position in the market?
[/quote]I think he is saying the price of Bitcoin went up, and he could have kept the Bitcoin.
In a similar vein, I had Gibson SG 1969, which I sold in 1990 for £275, if I’d have kept it it would be worth a grand? I’ll have to write to Gibson to complain…
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Even so, market cap has gone up by 30% in the last week. Positive gain even after accounting for inflation.
After looking at all those coinmarketcap sites, I think value is probably a function of market cap and volume… Mastercoin is supposed to have a Marketcap of >100million, but only 41 BTC’s worth of trades.
Quarks lose about 2 million market cap a day :) They should rename it Down Quark.
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[quote name=“Frozenace” post=“50319” timestamp=“1389044846”]
Even so, market cap has gone up by 30% in the last week. Positive gain even after accounting for inflation.After looking at all those coinmarketcap sites, I think value is probably a function of market cap and volume… Mastercoin is supposed to have a Marketcap of >100million, but only 41 BTC’s worth of trades.
Quarks lose about 2 million market cap a day :) They should rename it Down Quark.
[/quote]Brilliant! +1 rep for a great post.
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Slow and steady wins the race
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I’m proud to be a part of this community reading through a tread like like this, and +1 for everyone answering the question, even a +1 for the OP to ask the question, its a hard question to ask, and your asking for a lot of people new to feathercoin. :)
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[quote name=“Frozenace” post=“50319” timestamp=“1389044846”]
Even so, market cap has gone up by 30% in the last week. Positive gain even after accounting for inflation.After looking at all those coinmarketcap sites, I think value is probably a function of market cap and volume… Mastercoin is supposed to have a Marketcap of >100million, but only 41 BTC’s worth of trades.
[/quote]value is governed by supply and demand, market cap = value x total supply of coins.
i don’t know a lot about mastercoin but maybe the market cap is so high because the demand far outweighs the supply, there are currently only 550,000 available coins.
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[quote name=“Pryderi” post=“50258” timestamp=“1389026482”]
FTC is a new coin and is not even listed FTC/USD on BTC-e yet, so take your time. It’s not the coin to make fast money on - the actual price of Feathercoin has been stable and climbing a bit, where to other goins just keep having pumps and dumps.
[/quote]I just noticed that Crypto-trade does FTC/USD.
BTC-e only does FTC/BTC and BTC/USD or BTC/EUR -
[quote name=“prensel” post=“50351” timestamp=“1389051344”]
[quote author=Pryderi link=topic=6677.msg50258#msg50258 date=1389026482]
FTC is a new coin and is not even listed FTC/USD on BTC-e yet, so take your time. It’s not the coin to make fast money on - the actual price of Feathercoin has been stable and climbing a bit, where to other goins just keep having pumps and dumps.
[/quote]I just noticed that Crypto-trade does FTC/USD.
BTC-e only does FTC/BTC and BTC/USD or BTC/EUR
[/quote]That’s what I said, right? BTC-e is the biggest exchange for Feathercoin.
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If Mastercoin demand > supply, then the volume would be a lot higher, right? Chinacoin has come and gone, so have many others.
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The pair FTC/BTC is the exact same spot as before the recent rise of BTC. Even if FTC/BTC pair it self goes nowhere the value is still up. That would be about 25 %.
I am suprised that the pair did not go under 0,00040 given the rapid BTC rise, but hey that just shows that FTC has vast buy support in the area where it is now.
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I bought another 1500 feathers last night over bittylicious, the coins arrived in 5 minutes flat.
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[quote name=“unkunku” post=“50450” timestamp=“1389104835”]
You fell for the hype and became a bagholder, welcome to cryptocurrencies! Someone has taken the difference between your buy-in and the current price, which makes them a very happy speculator :)If you plan on holding, remember that the inflation in feathercoins is just staggering, you can go and check out coinmarketcap.com every two weeks and see how many new coins are created ;) Of course this means that the market is getting flooded with feathercoins and that your coins are worth less as more coins are chasing the same USD on the exchanges.
[/quote]You know that it happens to every coin?
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However in FTC the inflation is way more than what the market can obtain at this time.
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The way I see it is that the price of Feathercoin is being suppressed, there is no doubt about that now. The lower they can make the price go the more they can make when they take the breaks off. The fact is that there whales in Feathercoin to Bitcoin to silver and gold. These people will use their resources to generate more for themselves. However our market price and cap being kept so low means that the coins used to push our price down are not as effective and when the market moves up the sells can dissolve rapidly. Personally I see the bright side of the market suppression as the coins are still affordable and relatively stable. I am still one of the main sellers of Feathercoin on Bittylicious so I appreciate this. There is a period when I am trying to get fiat back to Feathercoin through Bitstamp and I find it very unnerving holding fiat. I am happy to hold Feathercoin through the highs and lows as I believe we have a bright future but I do not want to end up as a fiat bag holder ;)
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[quote]The way I see it is that the price of Feathercoin is being suppressed, there is no doubt about that now[/quote]
Well i guess “they” whomever they may be, are getting good help by the vast increase in money supply. In the future this will decrease and even out as the coin is more and more adopted by more and more users, but for the near future one could probably catch them at a lower price.
If you are mining for the long run and the coin is sucsessfull all of the above really don`t matter.
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I can’t seem to put te ends together on the fact that “they” are supressing feathercoin.
who is they? and how can they do that? I thought the value of the coin is based on the demand of it. anyone can explain this?
Cause if this is the case then the smartest move for now seems to be:[attachment deleted by admin]
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This is pretty typical stuff on markets. Someone with a large number of something put lots of sells to push the price down to buy more cheaper. This even happens with food markets, read The Grapes of Wrath set in the dust bowl during the Great Depression. People with large farms and canneries would can their products and flood the market with them when smaller farmers bought their goods to market. The goal was to drive smaller farmers out of business and buy the farms.
I use to enjoy watching this on Bitcoin was the price was more volatile than it is now. Someone would come along and place large 1,000BTC+ sells. People would get scared and sell their Bitcoins making the price go down, and then the sell would disappear without actually selling any so the market gets confidence back and the price returns. So someone with a lot of coins who wants to buy more uses their resources to make the price cheaper before they buy.
Looking at Bitcoin it seems that over time more and more whales join the party and bring stability rather than the volatility that they initially cause.
