[quote name=“Kevlar” post=“31748” timestamp=“1382124498”]
[quote author=chrisj link=topic=4084.msg31741#msg31741 date=1382122793]
[quote author=adamstgbit link=topic=4084.msg31719#msg31719 date=1382118652]
i’m starting to think even if BTC goes parabolic to 180, FTC will hold, because we all know what comes after a parabolic rise ;)
[/quote]

You mean prices can’t just keep going up because that would require infinite time?
[/quote]

Well, sort of. He’s saying that if it goes to 180 it’ll come back to 160.

Presently it bumped off 160 for a day before breaking out to 165, where it’s presently bumping it’s head now.

Since 160 had some strong resistance I expect that resistance will turn into support now when it comes back down.

But the real story here is the FTC price. It’s now hit new lows at $0.0768235 USD, and the buy support on MCXNow really tells a frightening story: 8.5 BTC being bought, vs 100,239.1 BTC being sold for a ratio of 12,529:1 against the price. (that can’t possibly be right, can it? Do they mean 100,239 FTC?) Cryptsy market books are practically empty. I can’t see BTC-e since they banned Tor exit relays.

The reality here is that if this trend continues unabated with nothing to prop up speculation, the price of FTC is about to bottom out completely. Regardless of what BTC does, the market has lost it’s nerve with regards to FTC and there’s not a whole lot we can do about it besides hope a wild whale appears.

unkunku absolutely nailed the reasons for this:

[quote author=unkunku link=topic=4084.msg31675#msg31675 date=1382109781]
FTC is not being valued as a commodity, rather as a currency. BTC is valued as a commodity with scarcity. This scarcity scenario is practically unpresent today with the money supply of FTC.
Yes the value may go up long-term, and moreover, saying that the coin one day will be worth X is just hyping it. And we’ve had alot of this recently which now is receeding, and the true value of FTC is gradually showing.
[/quote]
[/quote]

Kevlar,

What are you doing with your FTC given the recent drop? Would you suggest selling FTC and if so, what would cryptocoin would you buy?

Here is the quote.

[quote name=“Bushstar” post=“31047” timestamp=“1381598527”]
We’ve been pushed lower before, I remember seeing 0.00066FTC. The problem is that we seemed to be pegged at 1/20 of Litecoin’s value. Whenever Litecoin goes down we go down and vice versa. The success of of Bitcoin and Litecoin effect us greatly which is why we should all be working together in the crypto family :)
[/quote]

The other day Bushstar pointed out that FTC value is pegged to 1/20 of LTC. Given LTC drop the last few weeks, that seem to be valid. Do you all agree? If so, would it make more sense to study the LTC chart for technical patterns? Let me know what you think.

great job to all involved! This is good for the community.

I attended the Cryptocurrency Conference in Atlanta this weekend and I spoke to Charles Hoskinson, the creator of BitShares. He explained that Feathercoin has a great community and he would like to add it to BitShares system as an asset class, however, it is not a high enough priority. I suggest our developers reach out to him and Daniel to discuss adding FTC to their system as bitFTC/bitBTC currency pair.

Also, there were many questions about altcoins as a whole in comparison to bitcoin. The comments seemed to be varied. For instance, Stephen Pair of BitPay said they will not add any altcoins to their platform. One other presenter explain that altcoins serves as a prototype for bitcoin. If idea implemented in an altcoin is successful and the bitcoin community agrees it would be helpful to add it to bitcoin, it will be considered. Another comment I heard was a specific altcoin could become bitcoin’s replacement if, bitcoin suffered some drastic fate.

I learned a lot and got a chance to meet some very interesting people. BTW, Feathercoin was featured in last weeks episode of Letstalkbitcoin.com (episode 46, i think). Well that’s all for now.

[quote name=“Tuck Fheman” post=“29429” timestamp=“1380342606”]
[quote author=Bushstar link=topic=3798.msg29296#msg29296 date=1380283636]
Mark has also extended CoinWidget to create a Feathercoin donation widget for websites.
[/quote]

Nice!
[/quote]

Tuck, thanks for the link on mcxnow. I like it. Also, I am glad to see feathercoin added to coinwidget.

Yeah, i agree. I can seem to find it anywhere. I have submitted a support request to BTC-E. Hopefully, thye will provide me with something. Their API allows me to retrieve the last N prices, but not the daily value since FTC began trading. I’m trying to find the data to analyze, so that I can develop some trading strategies.

https://bitcointalk.org/index.php?topic=300148.0

Let us encourage him to make the switch.

Hey,

I’m looking for BTC-E Exchange Historical Data for Feathercoin. Does anyone know where I can get it? Not charts, the raw data in json format.

Thanks in advance.

Have we reached out to Coinbase? I believe it would be a longshot, but maybe worth a try. Also, what every happened to the discussion with Manu
Sporny?[quote name=“Bushstar” post=“28360” timestamp=“1379451706”]
Getting FTC used is absolutely key, we want users. Maria one of our new developers is working for Computer Assistance getting their Feathercoin shop ready for launch. All the tools developed for this will be packaged and released for others to use.

Maria and I are also going to do some much needed work on the market site getting it up to the spec that people expect. It needs a built in escrow and wallet to make life easier for buyers and sellers.

Beyond this we are going to convert or make plugins for other cart systems. I did expect that our UNOCS partnership was going to help on the merchant front but that is a complete dud. We have some lost time to make up for.
[/quote]