I just had a look at the Jubi New coin application form. It’s very formal, just like any Chinese application form. Every coin is treated as if it was a formal business case. Things like, user count, active users, QQ forum, Wechat forum.
Also, development plans for the next year.
Not all of that stuff is mandatory, but it probably requires an admin contact and an e-mail address or telephone number.
@Danlau @aciddude Thanks for the comments. It’s quite easy to buy in, but hard to cash out, not that I want to at the moment. I don’t really want to lose another x% by converting the stuff back into Bitcoin and then cashing out. Hence, if there was a regulated company that can just provide a GBP/FTC pair (well, actually any other currency would be good too).
90%+ fall in market value would feel like a burst bubble wouldn’t it? The market is still liquid i.e. you can still cash in.
I’m looking for a 40% decline before I buy in again. I still have about 50% of what I day trade, which I’m going to keep for the long term. I have been quite busy lately, so haven’t been able to micromanage.
@SimonTower Where do you suppose money is going to come into FTC when the main exchange closes? Another BTC-e like drop perhaps
@SimonTower One factor could be that the coins are not liquid enough yet. Arguably, most of the rise has been driven by Chinese speculators/investors. Fluctuations of +/- 20% happen daily, which is great for day trading. I wouldn’t mind putting a few hundred pounds extra in, just to see what happens after halving. However, it’s a bit painful to convert the coins back into pounds if I ever desire to. It would be nice to have an 19800 equivalent in the UK.
@gonnaforget At 2$ I’ll buy a Porsche… god knows what my wife would say.
@SimonTower Of course it’s good to have more exchanges on board to smooth out the price.
Having a discussion about real vs fake anything is pointless, because it’s not possible to prove the theory. The walls are too thin, hence the price moves around wildly.
@aciddude It makes sense, because the funding mechanism works by depositing crypto or CNY. People get a deposit bonus of 0.5%, but every withdrawal takes 0.5% off as well. Having the trades in normal currency could attract a larger customer base, because most people don’t like working with fractional amounts (more than 2 decimal places).
I managed to recover my feather wallet from my Surface pad a few weeks back. Quite chuffed that the featherprice is going back up. I’ve also restarted mining feathers to support the network and hopefully we can get more merchants on board and make the currency a bit more mainstream.
90%+ fall in market value would feel like a burst bubble wouldn’t it? The market is still liquid i.e. you can still cash in.
@xonar Nicely explained. 2018 could be a year of more regulation. ICOs in particular might get regulated, so in theory some coins may also get wiped clean.
Computer geek at heart, currently working in nutrition business exporting to the far east. Early cryptocoin adopter, but sold out before doing my MBA at Imperial College Business School.
I’m currently holding all my coins in Feathers, been doing so since 2013.
Hypothetical question: Is UFO coin just a test bed for features in upcoming feathercoin features?
Happy holidays.
@gonnaforget At 2$ I’ll buy a Porsche… god knows what my wife would say.
1 USD or <10 cents.
The litebit site seems to be ok, for folks in Europe.
I’m looking for a 40% decline before I buy in again. I still have about 50% of what I day trade, which I’m going to keep for the long term. I have been quite busy lately, so haven’t been able to micromanage.
I just had a look at the Jubi New coin application form. It’s very formal, just like any Chinese application form. Every coin is treated as if it was a formal business case. Things like, user count, active users, QQ forum, Wechat forum.
Also, development plans for the next year.
Not all of that stuff is mandatory, but it probably requires an admin contact and an e-mail address or telephone number.
@SimonTower Of course it’s good to have more exchanges on board to smooth out the price.
Having a discussion about real vs fake anything is pointless, because it’s not possible to prove the theory. The walls are too thin, hence the price moves around wildly.
@SimonTower Where do you suppose money is going to come into FTC when the main exchange closes? Another BTC-e like drop perhaps