Who is buying?
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@aciddude thats my thought as well. It creates a very false volume measure.
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For anyone who really cares about fake-ish volume…
http://coinmarketcap.com/currencies/bitcoin/#marketsScroll down to the bottom or just do a search for “19800”
you’ll see that exchange and a lot of unknowns that have popped up with zero fee trading, this is mostly because the Big three exchanges in china halted zero fee trading:
http://www.coindesk.com/chinas-big-three-bitcoin-exchanges-end-no-fee-policy/
http://www.coindesk.com/chinas-central-bank-continue-bitcoin-exchange-inspections/This one explains it
http://www.coindesk.com/bitcoin-volume-move-traders-embrace-no-fee-exchanges/http://www.coindesk.com/change-china-means-bitcoin/
Enjoy!!!
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I’m buying :)
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@surfguy72 No doubt man, me too at these prices nearing all time lows. And while Bitcoin is making the $1000 crypto coin a reality…
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This is a good time for us small guys to get some FTC :) Things will correct from this bottom. There’s too much value in FTC.
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at least thee’s some upvotes, yall are quiet :)
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@surfguy72 Even though prices are great right now, Ive decided I need to take some profits to pay off the farm I built this fall. So far Ive not paid anything towards it and rather was just buying coins.
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Same here - buying card->mining->buying extra card->mining… :)
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Plus there seems to be a silent accumulation phase right now, the richest ftc wallets are increasing in size. Now, if we could have a market cap >5-7mil… :)
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@Moonman Looking at RSI and MFI on the 1d, looks like we should see some price movement in the next 10 to 15 days. I’m almost back to my holdings when I was mining with GPU on scrypt for FTC oh so many years back.
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buying more! you guys think it can raise old btce times ?
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@Indalo awww i do remember the FTC/BTC on btce days :) Anyone able to bid on the receivership coins? I haven’t been able to get a reply from them to do so
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@Indalo
Well its pretty simple in the case of small economic systems:
Price = marketcap / supplyFor example 2 scenarios:
0,032/ftc = 5mil / 155mil
0,064/ftc = 10mil / 155milSo, if a few million usd or eur will be injected to ftc… And not only for a pump with a ~20h peak, it would be possible.
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@surfguy72 said in Who is buying?:
@Indalo awww i do remember the FTC/BTC on btce days :) Anyone able to bid on the receivership coins? I haven’t been able to get a reply from them to do so
Me too… Actually I moved away from FTC at that time. To X11 coins - they were very popular at that time.
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Decided to pickup some more in this dip.
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Let me said yesss , I’m buying… :D
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oh noes!! cheapp ftc´s! lets buy…
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I am buying some too. Any speculations guys?
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@Moonman Without going full TA. It seems FTC can be pretty cyclical, looking at 1d chart, this time of year seems like maximum accumulation. Then entering to April to June is when the spikes in price occur. Pardon the childish looking writing :)
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@surfguy72 why childish, the ideas were expressed in a really nice way :)
The price seems to be a bit manipulated i guess, from the number of transactions in relation to btc price movements. Anyone with similar observations?
