Feathercoin's future price

[Truth_Policy]

@aciddude I think pushing adoption to merchants will do a lot to contribute to healthy price rises. If someone asked you “Why feathercoin?”, knowing they have many other market options, what would you say?

[Orgest]

New foundation built.
1 Day chart still looking good with loads of RSI available. MACD movement has been broken to maintain growth.

1 Week chart looking amazing. Just see it yourself, feathercoin is going to the moon.

[mkxjinshan]

feathercoin price are rising steadily.

[wrapper]

I don’t trade but you’d have done well buying on Thursday and selling on Sunday, over the last few weeks …

https://bitinfocharts.com/feathercoin/

[AcidD]

@Truth_Policy said in Feathercoin's future price:

@aciddude I think pushing adoption to merchants will do a lot to contribute to healthy price rises. If someone asked you “Why feathercoin?”, knowing they have many other market options, what would you say?

“Why Feathercoin ?”

• ACP
• eHRC
• The amazing and hard working community we have. (unlike the poison/politics) you see on /r/btc & /r/bitcoin
• Block time speed
• anti ASIC. - Feathercoin is currently ASIC resistant thanks to NeoScrypt

That’s why.

Feathercoin can easily be the crypto that you buy coffee with, it’s a crypto for the masses with enough coins to be spread easily.

[j_scheibel]

so speculating on the future is fun. The market place for crypto currencies is changing all the time and it makes historical prices a pretty poor reference point. any extrapolation you do is… well not going to be right. That being said. lets do some! :smile:

first block from
https://bitinfocharts.com/bitcoin/

feathercoin 2013-04-16 - 1543 days
litecoin 2011-10-08 - 2099 days
bitcoin 2013-04-16 - 3101 days

if everything were equal (it’s not) we should be able to look at the value x days out and divide by 4 from litecoin or 16 from bitcoin. of course run ups on price completely destroy this model, but again lets do it anyway.

first right now. (https://coinmarketcap.com/currencies/xxxx/)
at day 1543

feathercoin today - $0.067957 - 0.00002694 bitcoin

litecoin 2015-12-29 - $3.47 - 0.00818907 bitcoin
adjusted $0.8675 - 0.0020472675 … feathercoin vs litecoin 7.83% - 1.3159%

bitcoin 2013-04-01 - $4.88 - 1 bitcoin (https://99bitcoins.com/price-chart-history/)
adjusted $0.305 - 0.0625 bitcoin … feathercoin vs bitcoin 22.28% - 0.043104%

feather coin is tracking down from both historical prices. bitcoin’s case is just crazy as a comparison point, but in both cases the big take away is its conversion to bitcoin. people do not value it as 1/16th or 1/4th of the two currencies. for litecoin it has 1.31% the bitcoin value of litecoin… and .043104% of the expected value compared to bit coin. this shows how much the market value has increased in general and how poorly received feathercoin currently is (since ideally the number would be 100% if it was equivilent to bitcoin)

Now lets skip ahead 6 months 1 year to see where like litecoin and bit coin ended up.

–6 months–
litecoin 2016-06-29 - $4.10 - 0.00637223 bitcoin
adjusted $1.025 - 0.0015930575

bitcoin 2013-10-01 - $133.03 - 1 bitcoin
adjusted $33.2575 - 0.0625 bitcoin

–1 year–
litecoin 2016-12-29 - $4.56 - 0.00467491 bitcoin
adjusted $1.14 - 0.0011687275

bitcoin 2014-04-01 - $458.09 - 1 bitcoin
adjusted $114.5225 - 0.0625 bitcoin

again, It’s tough to draw any extrapolation from these numbers. partly cause its only 3 data points, but mainly cause crypto-currency is still in its infancy for being adopted and used for commerce. So spikes/speculation and media hype and general adoption are widely varying the price from currency to currency.

so there ya go. fun to look at but its usefulness is pretty darn limited. i’ll leave you with this; IF feathercoin was suddenly adopted like either litecoin or bitcoin and had the same valuation increase as 2013-10-01 and 2014-04 bit coin did. it’s values would be

litecoin
feathercoin 2018-01-07 - $0.08

feathercoin 2018-07-07 - $0.09

bitcoin
feathercoin 2018-01-07 - $7.41

feathercoin 2018-07-07 - $25.52

lets hope we track closer to bitcoins growth :}

[wrapper]

@j_scheibel Thanks for the interesting price analysis. I’ve noted some of the things that I think affect price over the time period you describe.

Bitcoin is a pioneering technology, a bit like the first vacuum cleaner. Although we called them “Hoovers” other cleaners were made, and they used the same suction technology.

It is not the same situation now, over the years since Bitcoin started it has already been shown that cryptocurrency experiment is viable. That was not so sure / known, even when Feathercoin began, four years ago.

Over that same period, Litecoin has shown cryptocurrency can exist on different algorythms, Feathercoin has shown coins can survive and be secure on the same algorythm (set of miners).

Bitcoin has had to get over the barrier of development and acceptance, even now that is limited. As the common use of Bitcoin increases, the barrier level to crypto-currency in general break down, if that happens Litecoin or other coins with Foundations or Industry paid developers should see the first benefit. That is because they have everything “ready to go”. You may see more exponential change, because take up can be so rapid.

The pricing figures tend to confirm similar, “secondary” use case for Litecoin and Feathercoin, among other things alternate value transfer and storage.

Litecoin now has a foundation and permanent programmers, for Feathercoin to maintain any sort of comparison in price is a great achievement.

I am an an expert in FMECA and whilst “monitoring symptoms” such as price, can be informative, it is preventing “causes of failure” which should be primary task of Administration.

That is why the Feathercoind mining software, to mine the blockchain and wallet to access your funds is the primary goal of FTC Technical Development, secondary goal is GPU or ASIC mining capacity for security.

The primary gaol of FTC Administration is to maintain the forum so there is maximum transparency / contribution from the community to Technical Development, forum moderation, web site development, server admin, wallet user support, mining support, pool support etc.

[Orgest]

@wrapper exactly why I believe Feathercoin will be the top Cyrptocurrency of the future. The way it sublimes in real life is different than the other coins. @j_scheibel very interesting analysis I hope ftc will be $25 next year!

[mkxjinshan]

FTC will be more and more better。the price will hit 1$ again.

[shadow1117]

Amazing times…

FTC has a 24h volume of 264.86117586 BTC on bittrex right now that are 684887.64 USD probably the highest volume I’ve ever seen for FTC.

And is was on 10 uscent tonight.

The halving is going to be huge. (I hope so)

Absolutely crazy: