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    FTC More Stable Than BTC?

    Feathercoin Discussion
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    • ?
      A Former User last edited by

      I believe FTC is more stable than BTC. I’m pretty sure the BTC swings is because you simply couldn’t fit 12mil coins into a 10bil dollar market cap @ $1000 per coin, that’s why it crashed @ $840. I also believe that eventually FTC will appeal more to most investors. I’m not sure how much FTC is mined and how much will be put into production, but there is already 23.1mil FTC and you can pretty much fit 20BIL into FTC and if more FTC are produced quicker than BTC it will be more stable over time. That’s just my thoughts.

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      • zerodrama
        zerodrama Regular Member last edited by

        Stable is nice. Capable is better.

        FTC will wipe the floor.

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        • ?
          A Former User last edited by

          [quote name=“zerodrama” post=“35284” timestamp=“1384997468”]
          Stable is nice. Capable is better.

          FTC will wipe the floor.
          [/quote]

          I believe it is capable for FTC to reach that level once it is adopted more. How quick is the question. It could be just as quick as BTC

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          • wrapper
            wrapper Moderators last edited by

            There are a lot of ways to answer this question.

            1. The first is that FTC is Bitcoin, once you start looking into Crtypto-currency. There is a philosophy you have to go by or be seriously attacked, there are rules of the Bitcoind protocol, there is the open source development rules.

            2. Stable in what way? The coin with the most Hash power is always going to have groups which could attack or choose to switch on mass to another coin. The lesser coins have usually been whipped out by that. However, if we look at hash rate, FTC is as stable as it has ever been in hash rate and is “not unstable” either, suddenly changing, either up or down. ASICs have caused huge hash instabilities for Bitcoin.

            3. Price, I think price instability is due to / a sign of human intervention. Either conscious, or subconscious, as more and more people find out how far Crypto currency has come in the last 4 years and get involved.

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            • K
              Kevlar Spammer last edited by

              [quote name=“BitEnthusiast” post=“35283” timestamp=“1384997113”]
              I believe FTC is more stable than BTC. I’m pretty sure the BTC swings is because you simply couldn’t fit 12mil coins into a 10bil dollar market cap @ $1000 per coin, that’s why it crashed @ $840.[/quote]

              :o No, that’s bad assumptions.

              The price lift is on news. There’s a butt-ton of it. The media is on fire with news stories about how Bitcoin is going mainstream, adoption is through the roof, it outpaced Paypal in amount of money transacted daily, the number of miners continues to shoot through the roof, the US senate is proposing no new regulations, Canada now has ATMs, China is stopping stockpiling of the US dollar and has said that their citizens should be allowed to use Bitcoin exchanges, Russia banned the US dollar, and Obama raised the debt ceiling. It’s basically the perfect storm for economic revolution, and if Bitcoin is going to fill that role, the current price is incredibly cheap.

              The correction is due to profit taking, and people with weak stomachs who can’t handle the ride back down. It’s back at 700 yesterday, and 800+ today. It’ll be over 1,000 before the month is out.

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              • H
                HopeStillFlies Regular Member last edited by

                And if we could stop using the word “crash” for situations that aren’t crashes, that’d be great.

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                • K
                  Kevlar Spammer last edited by

                  [quote name=“HopeStillFlies” post=“35868” timestamp=“1385191025”]
                  And if we could stop using the word “crash” for situations that aren’t crashes, that’d be great.
                  [/quote]

                  Absolutely. A crash would be a return to double digits, [u][i][b]and then staying there[/b][/i][/u].

                  A correction is when the market moves the price in response to a changing landscape in order to maintain price coherence with respect to influencing dynamics.

                  The price moved up very rapidly on news, and it’s going to come back down EVERY SINGLE TIME it does that. The point remains that it didn’t come down anywhere near how much it went up, and it’s going to continue to do that for the foreseeable future too.

                  This particular correction was completely expected and the fact that most of it has been recovered just a few days later only demonstrates that we are entering the vertical section on the S-curve of adoption and acceptance.

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                  • wrapper
                    wrapper Moderators last edited by

                    I agree with Kevlar, this is one situation when it doesn’t take Isaac Asimov and Psychohistory to correctly predict the future any more.

                    But, it’s exciting to see how the detail pans out, and I haven’t even got any Bitcoins!

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