Who is buying?
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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?
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Not a bit manipulated but a lot…
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I did not want to mention the term bot manipulated, but eventually could not hold my self :p
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Top wallet on trex appears to have increased, these are crazy low prices. I’ll just keep buying and mining :) each day i think its finding bottom, i’ll keep gladly catching these sells.
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don’t know why people act like manipulation is a surprise? tis everywhere money, markets and/or crypto trading is involved…and here we have all 3 :)
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And what do we know about 3?
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Good morning people! Nice price increase there!
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@Moonman That was a nice large chomp from the sell side. Found bottom? Anyways, tell that guy to slow down, i’m not done yet! The network hashrate is going through the roof as well.
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@surfguy72
I know the psychology of “price stay down, i am not done buying yet”, i only recently became more zen about it :p -
@Moonman I guess its worth saying. Anyone selling off market :)
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@surfguy72 said in Who is buying?:
@Moonman I guess its worth saying. Anyone selling off market :)
not sure why anyone would sell any off market this low
as for buying tis not that hard, i picked up a stash the other day in the low 400s no issues surprisingly noone jumping my buys etc, and again today in the mid 500s with no issue (well the occasional jump above my order start at 528 had to rise it to 544 to get it all), so its easy enough to get at these stupidly low prices.
(though it could be a timezone thing and i get the timing of a quieter market as I’m in australia).seriously btc is like well over 1k and ftc is not even 1 cent, thats just crazy imo :hourglass_flowing_sand: .
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Hmmm… 3M more appear on trex. I’ll take those :)
@kelsey yeah, AU gets a little less competition at times on the market
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Now is the best time to buy. Thank you for so much concern.
