Have you guys ever considered an ochestrated PUMP of FTC with our FTC FORUM?
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PUMP with NO DUMP. I think its a good idea… whatcha guys think? We need some life, FTC is getting rather dull. :o
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Nope!
A Pump is generating a bubble of hot air and will shoot back on you in the long run.
Feathercoin -as any currency- lives based on the trust people have in that currency.
Manipulating a currency doesn’t build trust and will lead to weakness in the long term -
[quote name=“Wellenreiter” post=“42652” timestamp=“1386704413”]
Nope!A Pump is generating a bubble of hot air and will shoot back on you in the long run.
Feathercoin -as any currency- lives based on the trust people have in that currency.
Manipulating a currency doesn’t build trust and will lead to weakness in the long term
[/quote]Great response. +1 rep.
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Ive still noticed that pumps bring in new attention and new investors which cant really hurt the coin. Usually still leave coin stabilizing at new highs.
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[quote name=“THEDDD” post=“42672” timestamp=“1386706250”]
Ive still noticed that pumps bring in new attention and new investors which cant really hurt the coin. Usually still leave coin stabilizing at new highs.
[/quote]That’s true, but not the nicest way to get attention. So just keep on spreading the ftc-word! :)
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[quote name=“THEDDD” post=“42672” timestamp=“1386706250”]
Ive still noticed that pumps bring in new attention and new investors which cant really hurt the coin. Usually still leave coin stabilizing at new highs.
[/quote]It’s the other way around: new attention and new investors bring pumps, which hurt the coin. The fact that the coin stabilizes at new highs is because it was undervalued to begin with, and whales are manipulating the price keeping it down until they’re ready to do the next pump, liquidate while the price is high, and buy back in when it crashes.
All this does is leave short-term investors reeling. The best movement is a slow, steady rise over time sustained by genuine adoption, not artificial manipulation. Spend your time getting people to buy the coin, and such measures become genuinely unnecessary.
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I’m guessing that at this rate, the next idea is going to be setting up a Federal Feathercoin Reserve. No thanks…
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[quote name=“MTRisner” post=“42743” timestamp=“1386713883”]
I’m guessing that at this rate, the next idea is going to be setting up a Federal Feathercoin Reserve. No thanks…
[/quote]Totally. Then we can pin the price to another commodity!
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[quote name=“Kevlar” post=“42727” timestamp=“1386712411”]
[quote author=THEDDD link=topic=5791.msg42672#msg42672 date=1386706250]
Ive still noticed that pumps bring in new attention and new investors which cant really hurt the coin. Usually still leave coin stabilizing at new highs.
[/quote]It’s the other way around: new attention and new investors bring pumps, which hurt the coin. The fact that the coin stabilizes at new highs is because it was undervalued to begin with, and whales are manipulating the price keeping it down until they’re ready to do the next pump, liquidate while the price is high, and buy back in when it crashes.
All this does is leave short-term investors reeling. The best movement is a slow, steady rise over time sustained by genuine adoption, not artificial manipulation. Spend your time getting people to buy the coin, and such measures become genuinely unnecessary.
[/quote]Both ways around, really. For exped crypto users it will result as you described, but for newbie’s who are attracted by ‘‘free-fast-big-bucks’’ they will think ‘‘oh dear that FTC is going so high I need to get all of them!!!’’, like 80% in the BTC-e would do. :P
And yup, that’s not the way to create a reliable coin.
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[quote name=“Pryderi” post=“42759” timestamp=“1386715893”]
[quote author=Kevlar link=topic=5791.msg42727#msg42727 date=1386712411]
[quote author=THEDDD link=topic=5791.msg42672#msg42672 date=1386706250]
Ive still noticed that pumps bring in new attention and new investors which cant really hurt the coin. Usually still leave coin stabilizing at new highs.
[/quote]It’s the other way around: new attention and new investors bring pumps, which hurt the coin. The fact that the coin stabilizes at new highs is because it was undervalued to begin with, and whales are manipulating the price keeping it down until they’re ready to do the next pump, liquidate while the price is high, and buy back in when it crashes.
All this does is leave short-term investors reeling. The best movement is a slow, steady rise over time sustained by genuine adoption, not artificial manipulation. Spend your time getting people to buy the coin, and such measures become genuinely unnecessary.
[/quote]Both ways around, really. For exped crypto users it will result as you described, but for newbie’s who are attracted by ‘‘free-fast-big-bucks’’ they will think ‘‘oh dear that FTC is going so high I need to get all of them!!!’’, like 80% in the BTC-e would do. :P
And yup, that’s not the way to create a reliable coin.
[/quote]That’s a very good point. +1 rep.
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[quote name=“THEDDD” post=“42672” timestamp=“1386706250”]
Ive still noticed that pumps bring in new attention and new investors which cant really hurt the coin. Usually still leave coin stabilizing at new highs.
[/quote]You don’t want stupid investors - Investors with a lack of understanding in a product can be detrimental, which is one of the main reasons Warren Buffet [one of the most amazing investing geniuses of our time] doesn’t split Berkshire Class A stock shares, to keep the “average” person with no understanding away. -
Kevlar is pumping FTC with Link - The Blockchain File Sharing Protocol
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In stock markets, consorting to manipulate the price is illegal. it might not be with crypto currency, but it certainly is unethical. Also tags the currency as unstable, and attracts speculative and technical analysis investors which can create wild oscillations. Slow, long term growth us preferred, if you are in it for long term investment.
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This isn’t a good idea at all and one I’m sure the majority of FTC community will agree that this is something we want to stay away from. Pump and dumps do nothing but prematurely inflate the price so people can dump their coins and panic sell whilst the dumpers flee with a bit of profit and buy back at a low. Sure, you could say the excitement surrounding the attention is good publicity, but it’s more than likely to have a lasting negative effect than a positive one overall, and I’d rather have a stable coin that can be used efficiently as a currency as opposed to one that has wild unstable mood swings and is abused by unscrupulous profiteers looking for a quick buck.
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[quote name=“Tuck Fheman” post=“43333” timestamp=“1386832702”]
Kevlar is pumping FTC with Link - The Blockchain File Sharing Protocol
[/quote]That is pump i like!
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If everyone who owns ftc right now got involved in a pump and dump what kind of value could ftc reach?
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[quote name=“Kevlar” post=“42727” timestamp=“1386712411”]
All this does is leave short-term investors reeling. The best movement is a slow, steady rise over time sustained by genuine adoption, not artificial manipulation. Spend your time getting people to buy the coin, and such measures become genuinely unnecessary.
[/quote]That’s excellent, that’s exactly how I see it. A coin based solely on novelty or uniqueness won’t stick around IMO, but a coin with a real word purpose, like micro-payments could.
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This coin needs something better then what we are all doing now to get it recognized or before long we won’t even have a FTC. It’s slowly dying already and if you cannot see that you need to open your eyes, community alone will not make FTC popular and outlast all these other coins promising bigger and better things.
Something needs to be done, I don’t have the answers but I know if things stay the way they are currently in a few months I’ll see you guys on another alt coins forum.
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[quote name=“Thefallen222” post=“53312” timestamp=“1390088275”]
This coin needs something better then what we are all doing now to get it recognized or before long we won’t even have a FTC. It’s slowly dying already and if you cannot see that you need to open your eyes, community alone will not make FTC popular and outlast all these other coins promising bigger and better things.Something needs to be done, I don’t have the answers but I know if things stay the way they are currently in a few months I’ll see you guys on another alt coins forum.
[/quote]Its not dying at all, I dont know where you’re looking at. “Other coins promising bigger and better things” Uhm I cant see any coin whos doing any better than we do.
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The price is already next to nothing and continuing to go down, if that isn’t dying I don’t know what is.
