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    If you had 1 million FC, how would you sell them ASAP

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    • F
      FeatherWeight last edited by

      Hi there

      if you had 1 million coins (which I wish I had) and you wanted to sell them ASAP, how would you do that in bulk? could you do that?

      thanks

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      • T
        Tuck Fheman last edited by

        [quote name=“FeatherWeight” post=“39094” timestamp=“1386081034”]
        Hi there

        if you had 1 million coins (which I wish I had) and you wanted to sell them ASAP, how would you do that in bulk? could you do that?

        thanks
        [/quote]

        I would PM fontas and every other P&D’r on Twitter to start a pump, then dump. (see 11/29 PPC P&D)

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          FeatherWeight last edited by

          [quote name=“Tuck Fheman” post=“39097” timestamp=“1386081466”]
          [quote author=FeatherWeight link=topic=5311.msg39094#msg39094 date=1386081034]
          Hi there

          if you had 1 million coins (which I wish I had) and you wanted to sell them ASAP, how would you do that in bulk? could you do that?

          thanks
          [/quote]

          I would PM fontas and every other P&D’r on Twitter to start a pump, then dump. (see 11/29 PPC P&D)
          [/quote]

          sorry, whats a P&D?

          I just think there must be a lot of “bitcoin millioniares”, but there only millionaires unless they sell, and getting rid of million(s), I mean finding buyers must be hard?

          thanks

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          • T
            T4rQu1N Regular Member last edited by

            P&D is pump and dump. You’re right, its hard to shift that much volume when an exchange doesn’t have that many orders… hence the pump and dump… you get Fontas or one of the other high volume people to tweet about it, cause a buying frenzy, then dump all over the unsuspecting (or in most cases, suspecting but falling for it anyways) speculators.

            Personally, I would get rid of 1M FTC at the Oxford Blue with a Christmas party :D

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              aysyr Regular Member last edited by

              [quote name=“T4rQu1N” post=“39107” timestamp=“1386082829”]
              Personally, I would get rid of 1M FTC at the Oxford Blue with a Christmas party :D
              [/quote]

              Ooooo, physical Feathercoin party favors each loaded with 1k FTC :D

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              • ?
                A Former User last edited by

                I don’t think you could… not without destroying the crypto economy as a whole.

                BUT

                If I somehow ended up with that many ftc I would TRY to use it to personally fund the best devs of the top coins so they could focus on strengthening their crypto of choice.

                Someone who tried to dump that amount clearly doesn’t care about the fundamental ideal which makes crypto’s a currency of the people.

                Just an opinion. If I was asked again in a year, I might give a different response…

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                • F
                  FeatherWeight last edited by

                  But if you look at coins like Infinity Coins, there must be a lot of people holding onto millions of coins, “if” it went up to $1, a lot of people I guess would cash in the coins for USD, can people really cash in vast amount of coins?

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                  • ?
                    A Former User last edited by

                    If the market was flooded with millions upon millions of coins, I could imagine the currency would drop in price… Overabundance would eventual be the coins demise. Even if they started off at $1000 a piece, everyone with extra-ordinary amounts of coin would be forced to undercut each other. Very quickly the market would catch on and people would stop buying forcing even more under cutting and competition to off load…

                    Like I said. Damaging the crypto scene as a whole. Maybe a few coins would survive but it would only be the one’s that have a limited supply. This in turn would create yet more volatility.

                    I’m no economist but I think this scenario would not turn out well. Especially if a large group had millions of coins worth over a dollar or more each.

                    If a singular person had a million coin worth $1000 a piece, then it might play out differently but the end game would be the same. Either a flooded market leading to a complete distrust, or a system similar to the one in place currently.

                    The best outcome would be to have many types of coins equally divided amongst everyone on the planet. But considering only a fraction have access to buying said coins, I couldn’t see this happening.

                    To be perfectly blunt (and I know many if not most will disagree with this ideal) I see crypto’s as a means to an end where we live in a world without currency. Period.

                    But that’s a very unpopular scenario. Most would not and could not ever believe it to work.

                    [me=Calem]steps of the soapbox.[/me]

                    [size=8pt]oh god what have I said…[/size]

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                    • T
                      Tuck Fheman last edited by

                      24,962,650 FTC

                      BTC-e Sell Orders Total: 2,963,738.67 FTC
                      BTC-e Buy Orders Total: 4217.13 BTC (5,229,080 FTC at current price)

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                      • ?
                        A Former User last edited by

                        [quote name=“Tuck Fheman” post=“39127” timestamp=“1386086721”]
                        24,962,650 FTC

                        BTC-e Sell Orders Total: 2,963,738.67 FTC
                        BTC-e Buy Orders Total: 4217.13 BTC (5,229,080 FTC at current price)
                        [/quote]

                        Could you translate that for me?

                        I’m not sure I follow what your trying to say.

                        Is the total buy orders a sum of all crypto’s on btc-e converted to their current price in Bitcoin?

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                        • M
                          mirrax last edited by

                          I think ChekaZ still offer some vine ;)

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                          • S
                            Stevenrm87 last edited by

                            [quote name=“Tuck Fheman” post=“39127” timestamp=“1386086721”]
                            24,962,650 FTC

                            BTC-e Sell Orders Total: 2,963,738.67 FTC
                            BTC-e Buy Orders Total: 4217.13 BTC (5,229,080 FTC at current price)
                            [/quote]

                            BUT all the buy orders are not set at the current price.

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                            • T
                              Tuck Fheman last edited by

                              [quote name=“Stevenrm87” post=“39151” timestamp=“1386090898”]
                              [quote author=Tuck Fheman link=topic=5311.msg39127#msg39127 date=1386086721]
                              24,962,650 FTC

                              BTC-e Sell Orders Total: 2,963,738.67 FTC
                              BTC-e Buy Orders Total: 4217.13 BTC (5,229,080 FTC at current price)
                              [/quote]

                              BUT all the buy orders are not set at the current price.
                              [/quote]

                              [quote] If you had 1 million FC, how would you sell them ASAP[/quote]

                              When did price come into the equation? There are more than 5M FTC wanting to be purchased that I can dump 1M FTC into. If we’re worried about profit, that’s a different story and we need to know if the FTC were mined from day one or what the purchase price was and on and on. I’m simply showing that you can easily dump 1M FTC.

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                              • R
                                Ruthie last edited by

                                [quote name=“T4rQu1N” post=“39107” timestamp=“1386082829”]

                                Personally, I would get rid of 1M FTC at the Oxford Blue with a Christmas party :D
                                [/quote]

                                That would be a hell of a party, can I come ;)

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                                • M
                                  mnstrcck last edited by

                                  A Christmas party is totally an amazing idea. Just stream it live on video.

                                  I’m willing to throw in some FTC if I get to see a tipsy ChrisJ dancing to Thriller at some point.

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                                    chrisj Regular Member last edited by

                                    [quote name=“mnstrcck” post=“39258” timestamp=“1386109719”]
                                    A Christmas party is totally an amazing idea. Just stream it live on video.

                                    I’m willing to throw in some FTC if I get to see a tipsy ChrisJ dancing to Thriller at some point.
                                    [/quote]

                                    Last time I tried to dance someone called an ambulance… never again :-[

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                                    • C
                                      chrisj Regular Member last edited by

                                      If I had 1M FTC I would get seriously paranoid and start printing out paper wallets inside a [url=https://en.wikipedia.org/wiki/Faraday_cage]Faraday Cage[/url]. I’d then start a fake media campaign on how all my private keys had been destroyed in some tragic boating accident and hire some heavies and move to some country that is really nice to rich people from overseas.

                                      Then in a few years I’d give it all away to the poor and deserving in multi signature wallets so they could only spend it if they could form enough consensus within their group.

                                      The end.

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                                      • S
                                        svennand Regular Member last edited by

                                        [quote name=“mnstrcck” post=“39258” timestamp=“1386109719”]
                                        A Christmas party is totally an amazing idea. Just stream it live on video.

                                        I’m willing to throw in some FTC if I get to see a tipsy ChrisJ dancing to Thriller at some point.
                                        [/quote]

                                        damnit, havent even unpacked my suitcase yet…

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                                        • K
                                          Kevlar Spammer last edited by

                                          Just asking for a friend, huh? Yeah, I remember having to buy condoms ‘for a friend’ as a teenager…

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                                          • P
                                            pyxis last edited by

                                            [quote name=“svennand” post=“39285” timestamp=“1386112273”]
                                            [quote author=mnstrcck link=topic=5311.msg39258#msg39258 date=1386109719]
                                            A Christmas party is totally an amazing idea. Just stream it live on video.

                                            I’m willing to throw in some FTC if I get to see a tipsy ChrisJ dancing to Thriller at some point.
                                            [/quote]

                                            damnit, havent even unpacked my suitcase yet…
                                            [/quote]

                                            LOL

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