Feathercoin price
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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.
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I gonna love this in fact.
I bought in another 6k FTCs at just 0.00041 each today! :P You just need to be patient enough, and not rush over things because whales are trying to unload their sacks.The current FTCs does look a lot like the early BTC… not for LTC as its mostly following BTC’s price.
We should see an increase in price once AlphaT’s ASICs are out in 3~6 months time as mining gets more difficult.
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[quote name=“eaxvac” post=“50666” timestamp=“1389176758”]
We should see an increase in price once AlphaT’s ASICs are out in 3~6 months time as mining gets more difficult.
[/quote]So that basicly means it’s better to invest in FTC than in Mining hardware cause when the ASICs come GPU mining would be pretty much useless with the difficulty rising true the roof ;)
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[quote name=“Morderchai” post=“50683” timestamp=“1389180827”]
[quote author=eaxvac link=topic=6677.msg50666#msg50666 date=1389176758]
We should see an increase in price once AlphaT’s ASICs are out in 3~6 months time as mining gets more difficult.
[/quote]So that basicly means it’s better to invest in FTC than in Mining hardware cause when the ASICs come GPU mining would be pretty much useless with the difficulty rising true the roof ;)
[/quote][quote author=eaxvac link=topic=6549.msg49832#msg49832 date=1388887023]
[quote author=ghitzafunny link=topic=6549.msg49762#msg49762 date=1388867477]
[quote author=eaxvac link=topic=6549.msg49758#msg49758 date=1388865604]
Stocked up an additional 20k FTC today with its price at 0.0005 of BTC :P
I’ve faith in this community…
[/quote]
WOOOW , an additional ?!? 20k FTC , how much did you have before :)) ?
[/quote]Probably just 1000 that I mined myself with my GPU :P
Ok, this is why I bought the 20k FTCs outright… I was, was about to pre order the ASIC from Alpha technology, but a second thought came to my mind…
I did some calculation in terms of getting Alpha’s ASIC to mine vs buying them outright right now. Here it is:
Buy 39,354 FTCs with 12,000 GBP (Instant! no trouble)
[b]VS[/b]
Buy 25MH miner for 12,000 GBP. You’ll get 488 FTCs daily starting from 6 months from now.
To get 39,354 FTC with the ASIC miner you need 80 days (488 coins/day at difficulty of 200).If the price does goes up without difficulty increasing a lot, this might well proof me wrong. But the chance of that happening is almost zero.
The mining business is never easy, and its always a loss making at the start. I’m choosing the easy way out here.
[/quote]Yes… here’s a post that I wrote a week ago.
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First of all I want to point out that I am an happy FTC holder, and still continue to buy FTC every month (yeah, converting the good ol’ fiat paycheck to the future of currency! ;) ) because it is so cheap, and I love cheap.
Second, I am happy with the fact that the FTC/BTC ratio is… unbelievably stable. I have seen LTC following BTC to the moon, crash in the ocean and take off again, and amidst this crypto anarchy FTC has been the most stable coin by far.
However, (and yes, this is the part where you discover that I am a crypto noob, impatient and quite easily frightened :P) I am worried. When looking at the buy and sell orders at BTC-e, I don’t see a sell wall. I see so many walls that we could easily call it a house, castle or whatever. Then, looking at the buy orders, there is little to no support after .00035. It seems to me that it wouldn’t take a lot for the coin to actually plummet all the way to .0001, which would obviously be disastrous.
I am not the most active member here (not by a long shot) but I have been following this forum on a daily basis for probably 3 month’s, and I am really impressed with the community behind Feathercoin and the overall positive “can-do” attitude. Initiatives like Link have been mindboggeling and extremely impressive to me. And that is, at the same time, the thing that confuses me.
Good things are happening constantly, we are improving every day, chrisj get’s on some really good shows and totally rocks it, but nothing really happens in terms of price development. If anything, the coin is dropping even more (currently .00041, but .0004 a few minutes ago).
I read that some whales are keeping it down ATM, but do we know for sure? Isn’t it just a huge group of dissapointed or scared bagholders who bought their FTC at .0007? Maybe even .001? I just can’t see the reason for whales to keep pressing down the price for so long (although I have absolutely no idea how a whale thinks, and “for so long” might not be an accurate description for a 2 month period, but that’s where my noobness shows through I guess ;) ). Wouldn’t it hurt their chances of making money on the coin when many people (or well, the BTC-e trollbox daytraders) that aren’t that actively following this community and progression of the coin are leaving/panic selling it?
I guess my greatest fear is that a big part of my savings (yes, I do spread my risk a bit, but FTC is my main piggy bank as I feel it has a lot of potential and it just seems very solid) will just evaporate, either by plummeting prices or even complete delisting of the coin on BTC-e. (although volume is still pretty good)
Long story short: This newb need some comforting, maybe a blanket and some coco, and he need someone to reassure him and calm him down. It would be greatly appreciated ;D
Thanks in advance, and please continue your great work for the community!
-Remonius
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Thanks Remonius for your post. I think it describes well the mixed feelings, confusion and fear (for example being delisted from BTC-e) looking at the price of Feathercoin at the moment (even below 0,0004) and all the sell walls.
But maybe the current price has to do with all the negative news and bank warnings lately regarding cryptocurrency in general and the uncertainty it brings with it. Even Litecoin seems kind of stuck now at one price level, although it is regarded as the silver of cryptocurrency.
Furthermore Feathercoin is still very young, I think not even a year old.
What I have read about the prices of earlier coins is, that they went through similar phases…so we have to keep faith and think long term. All the FTC bashing going on at BTC-e trollbox is not very helpful though.
I’m a noob in crypto also, so can’t come up now with more than this…
