Who is buying?

Frozenace

@SimonTower Where do you suppose money is going to come into FTC when the main exchange closes? Another BTC-e like drop perhaps

SimonTower

@Frozenace When FTC delisted from BTC-e, everybody moved to Cryptsy. When Cryptsy died, the volume started to grow at Bittrex.

We don’t need a completely manipulated exchange for FTC, I think. 19800 is almost a fake exchange with fake trades now but when the price is falling there the real traders at Bittrex are selling too. I opened a topic about exchanges, let’s work together to reach some real one!

edit: Check the BTC, ETH and some currencies at the site. It hasn’t any trades for days now and the prices are stucked (BTC at 7080 yuan, lol)

Frozenace

@SimonTower Of course it’s good to have more exchanges on board to smooth out the price.

Having a discussion about real vs fake anything is pointless, because it’s not possible to prove the theory. The walls are too thin, hence the price moves around wildly.

Lordas

A bit offtopic, but Bittrex BTC withdrawal fee now - 0.001BTC. Wow…

RIPPEDDRAGON

@Lordas What was it before?

SimonTower

19800.com is down for 2 more hours because of upgrading/maintenance. Maybe they had technical issue and that is why the trades are halt in the last days.

Lordas

@RIPPEDDRAGON said in Who is buying?:

@Lordas What was it before?

Was 0.0002 BTC, that’s too small because fee was from 0.0003 to 0.0004, so they compensate from their own money. But 0.001 too much.

Mr_Metaphysical

@Frozenace Exchanges are good… We need FTC in the market, ATMs in stores, lag work showing businesses how to save over specific periods of time with FTC instead of Visa, mastercard debit transactions, etc. That is the only way to solidly grow FTC quitely

AmDD

@Lordas I heard there have been some people with a $10 transaction fee and it still takes hours… this is getting crazy.

Lordas

@AmDD said in Who is buying?:

@Lordas I heard there have been some people with a $10 transaction fee and it still takes hours… this is getting crazy.

Since old times I was sure that BTC is commodity not currency…

RIPPEDDRAGON

@Lordas Damnnnnn yeah

wrapper

Re: BitInfoCharts
https://bitinfocharts.com/feathercoin/

The Feathercoin chart on BitInfoCharts, from the 10 May is really weird, Why is the dollar price diverging?
FTC still follows the exact path = bitcoin , but they suddenly diverged, after a pump collapse …

Dollar v Bitcoin

Bitcoin is going down? but why does FTC follow when it is has largely been traded with BTC?

Moonman

@wrapper
Prolly large volume of bots that have btc/usd parity value based triggers?
Or even bigger, whales with bots are trying to increase the spread, so they can later forage profits?
Also i have seen the same divergence in many altcoins lately, it could mean that people diversify cryptocurrency investments, especially with the current inflow of fiat investment into crypto.

wrapper

https://bitinfocharts.com/feathercoin/
Since the 16th May the USD and Bitcoin have expanded with a linear increase. Anyone spot why 10 May and the 16th May 2017 are significant?

eg the WannaCrypt attack (Crypto False Flag) started on Friday, 12 May 2017.

wrapper

I found you can produce some customized charts, this one shows Feathercoin Transactions against Litecoin …

TransactionsFTCvLTC

https://bitinfocharts.com/feathercoin/transactions-ltc-ftc.html

Moonman

Lol @bots going crazy right now

Moonman

Hmmm, china is buying like crazy

wrapper

Wonder if @Lizhi has more info on why China is buying?

SimonTower

alt text

Good morning Bittrex, You have some work. :)

xonar

@SimonTower finally… hugeeee… :dart: