Who is buying?
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@Moonman I’ll let someone else handle this question. I have no ability to predict price. My reason for buying is that while its pretty slow around here, those who are still here are dedicated. There are some very smart and gifted people working behind the scenes of this community. I came here originally, years ago, to mine just for profit but quickly started to see beyond that. Feathercoin has been around longer than most others and has gotten past some rough times in its past. Its not going away anytime soon and I’d like to be here for the ride. I have no clue on the price other than “up” and “up” is good! :)
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I’m with @AmDD. I remember the days when it was really just BTC, LTC and FTC of which FTC seemed to have the superior formula in my view.
These days I like trading FTC/BTC but don’t play with cryptos for profit specifically. Only holding them as an alternative currency in case of a global financial system meltdown. The world would quickly recognise the value in all cryptocurrencies through another crisis.
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Totally agree with you @Loyal2FTC @AmDD, i am following ftc for quite a few years now and believe in its potential for further development.
On the other hand, i really like some techical analysis from time to time, more likely due to my past forex kink :laughing:
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Gotta love OG coins that manage to stay the test of time… even though we might be at a relative low point in community activity FTC manages to run smooth every single day… and if it doesn’t the community sparks back up again to get it fixed quick.
As far as how nice people tend to be in the crypto community, I have never found a better set of individuals than with the FTC community, everyone is genuinely friendly and helpful.
As many know, I am always here and never stop lurking and prepping for the next mining season.
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@lizhi said in Who is buying?:
No, I don’t think so. I hope you hold your money until I say let’s go.
Thanks for the heads up! Is the time near? ;)
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My cursor is on the buy button :)
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@Loyal2FTC
Same here :p -
Also buying slowly ;)
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I’m in too :-)
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The question is who’s selling :) There are only 115K FTC produced daily while the sell pressure is much higher.
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@ghostlander said in Who is buying?:
The question is who’s selling :) There are only 115K FTC produced daily while the sell pressure is much higher.
Looks like pressing down the market to later on collect coins when people followed. Don’t see a strong supporting even with the current low price. 75k wall could be removed fast. Interestingly market is not yet following downwards that heavy.
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It could be the Cryptsy receivership liquidating slowly their 3M FTC.
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what a pump and dump on bittrex - crazy - from 0.00001490 to 0.00001117 with an immediate sell of 250k FTCs - I guess many people lost some coins
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@ghostlander said in Who is buying?:
It could be the Cryptsy receivership liquidating slowly their 3M FTC.
starters cryptsy’s receivers wallet is over 6 M ftc, but anyways no that isn’t the one being dumped,
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@sradics said in Who is buying?:
what a pump and dump on bittrex - crazy - from 0.00001490 to 0.00001117 with an immediate sell of 250k FTCs - I guess many people lost some coins
honestly 250k isnt that many coins these days
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@RIPPEDDRAGON you’re right but based on the volume at bittrex it was at least significant ;-)
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@kelsey You’re correct, 6133K FTC. That’s quite a lot anyway.
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The simple alt coin strategy that usually works:
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Only buy into projects that won’t be disappearing any time soon. (History, Devs, Dedicated Community)
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Buy when they near all time lows against BTC.
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not trying to send it either way, but the trend is your friend.
unless something big fundamental is in development the trend seems to be down down down.
of course there is always the chance of an out of no where pump that seems to happen in ftc from time to time (pity that can’t be maintained to an up up up after as ftc even at this years peaks is grossly undervalued for what once was a top 3 coin).
but for now :(
