Feathercoin price
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Hi,
As I said in my introduction post I’m a bit worried about the price right now !
I bought my FTC at the wrong moment on btc-e at 0.00085 BTC, I only have a few thousands but i’m seriously wondering what I should do with them right now.
Are you expecting the price to go any higher than 0.0006 any time soon ? Any important news regarding FTC that could change the price this year ?
Thanks.
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Take a deep breath…
Ahh, isn’t that better now.
I believe most people here (but i’ll only speak for myself) would say we are in for the long haul. Look at what price you paid in actual USD. Multiply that by 100. Thats when I plan to sell, maybe. But if you have something better to do with that money, then go ahead and miss out on the feather revolution :P
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sell them to me…or be patient
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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.
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[url=http://www.youtube.com/watch?v=NG1qooBzE2w#ws]Zhou Tonged - Holding (Billy Joel - The Longest Time)[/url] Apply this to FTC. 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.
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[quote name=“TrollboxChamp” post=“50259” timestamp=“1389026719”]
[url=http://www.youtube.com/watch?v=NG1qooBzE2w#ws]Zhou Tonged - Holding (Billy Joel - The Longest Time)[/url] Apply this to FTC. 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 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.
