Who is buying?

Moonman

@shadow1117
Trading is an exciting thing, but only use logic - not emotions and never invest more than you can afford to lose. Always remember, the difference between an investor and a gambler is only their emotional state ;)

Also, sharpen your trading technical analysis skills, it will be very helpful! (Just google for resources, there is a ton of free articles, databases, videos etc)

shadow1117

@Moonman its just a game for me i investet about 3€ or 4€ on my electrical bill so this rise is paying out so far, i aquired some skills in the past i like this trading game type stuff somtimes i just buy 30 or 50 euros for forex or cfd trading and quit as sonn as i have lost all or won 10x of the investment :-)

but this crypto currency market is completely crazy… at least its slow so reacting is easy

woo if this round pays out i have beaten my mining rig with trading :-)

ok i 3dprint a phoneholder now my arm is getting tired holding my phone for watching AOE2 livestreams while watching FTC rise to the stars

Buy and hold, never sell. best strategy.

Moonman

@Indalo
Buy high, sell low, cry buckets is the best strategy :p

xonar

“never sell” is my key…

Mr_Metaphysical

@aciddude Super cheap… Still cheap at $ .099 once adoption happens and the network is accessible to consumers this will be an unbelievable price point.

AcidD

@tmetaphysical said in Who is buying?:

@aciddude Super cheap… Still cheap at $ .099 once adoption happens and the network is accessible to consumers this will be an unbelievable price point.

Yes, and if you go to
http://coinmarketcap.com/currencies/views/all/

You can see the CryptoCurrencies and filter out all the trash… You’ll see FTC is 67th Place! (at time of writing this…)

It’s great to see really, I just hope this momentum stays with us after the halving.

kelsey

ok this slowish (for crypto) build in price and volume looks promising. obviously driven by block halving, but potential to rise it to the next level and get ftc more notice.

AcidD

@kelsey it does feel a bit slow.

Support seems to have built around the 2800 - 2900 sat mark.

at time of writing there’s ~10461 blocks left

Avg block times from March till June ~1 min 3 seconds

10461 blocks remaining * 63 seconds = ~ 7.6 days from now so we are looking at ~ July 9th for the halving.

wrapper

What are they buying with?

90 % BTC
8% Chinese Yuan

Coingeko
https://www.coingecko.com/en/coins/feathercoin/trading_exchanges

mkxjinshan

@wrapper 19800.com is the main market of ftc in china.

AcidD

@wrapper said in Who is buying?:

What are they buying with?

90 % BTC
8% Chinese Yuan

Coingeko
https://www.coingecko.com/en/coins/feathercoin/trading_exchanges

No No No… unfortunately wrapper this is wildly inaccurate…coingecko need to update their site.

19800 trades FTC and has trading fees for FTC. This leads me to think the volume there is real, no one can trade FTC back and fourth and fake volume like how they could with zero free trading.

19800 is leading the way for FTC and trade volume in general. Trex follows closely behind…

I watch these kind of stats almost every day and I’d say on “bad” days or days with very little trading… 19800 will have 70% of the global FTC volume…trex will take 28% and the other 2% will be shared amongst the very low volume exchanges.

On good days like today where the FTC market in general seems quite active…
19800 has a 58% share of the global FTC volume…Trex now has about 38% and the rest share the small amount of %

–
A lot of people say that 19800 will “start the pump” or whatever…basically the gist is that 19800 will lead the way and I personally dont think that’s true.

I think the real action and whales will be on Trex, 19800 only trades FTC/CNY and is useless to anyone not living in China and using CNY.

Of course there could be Mega whales playing trying to lead the price on 19800 and then selling on Trex for BTC ?

Edit: When I say “Trex” It’s short for Bittrex.

kelsey

guess with the latest action we should dust off this thread :)

AmDD

@kelsey said in Who is buying?:

guess with the latest action we should dust off this thread :)

I missed out on those cheap coins the other day!

Vigospqr

I googled who owns most feather coins,

https://bitinfocharts.com/top-100-richest-feathercoin-addresses.html

If i understand this right, 3 out of 5 started buying feathercoin this year and managed to buy 20 million coins.

How this is even possible? And If someone buying so much how come it didnt reflect in the price of FTC?

Probably some hedge fund managers, investing around, hoping for high risk high return scenarios? Well its good for feathercoin that some big players are involved, but cant they manipulate the price?

AmDD

@vigospqr said in Who is buying?:

I googled who owns most feather coins,

https://bitinfocharts.com/top-100-richest-feathercoin-addresses.html

If i understand this right, 3 out of 5 started buying feathercoin this year and managed to buy 20 million coins.

How this is even possible? And If someone buying so much how come it didnt reflect in the price of FTC?

Probably some hedge fund managers, investing around, hoping for high risk high return scenarios? Well its good for feathercoin that some big players are involved, but cant they manipulate the price?

That doesnt mean they just bought, it means they just moved them into that address. It could be someone who has owned them for years and is just moving stuff around. Or it could be an exchange thats moving coins around.

Vigospqr

@amdd said in Who is buying?:

I googled who owns most feather coins,

Thanks for your reply, Prices are going crazy today, gonna develop a heart condition, i guess its better to have a discipline, not to look at prices everyday, buy once a week whatever the price on payday and analyse in 2020. Then either retire or carry on few years more until mission accompolished (lol).

But i see some crazy coins going up and staying up (not all pump and dump) which have no community, no website etc, who buys these coins or how do people even know about them?

Comparatively Feathercoin should be worth much much more. Why doesn’t it though?

taurus

@vigospqr said in Who is buying?:

Comparatively Feathercoin should be worth much much more. Why doesn’t it though?

Comparing to what? People take “currency” in cryptocurrency too literally. Cryptos are not backed by any real assets, so they’re not currencies by definition. Even the flakiest of the fiat currencies are backed by the power of the state (the issuer) to collect taxes. Cryptocurrencies are backed by nothing, so their prices float against nothing. It’s a virtual asset with limitied supply and its price is only determined by supply and demand. There’s no intrinsic value.

Vigospqr

@taurus

Very well put but comparing to other top 100 crypto currencies, feathercoin should be worth more. By take on why it currently isn’t is:

Pump and Dump and 51 % Attack - Happened in early stages but still it did happen and majority of trust was lost, and investors become vary of investing. But it was successfully dealt with so investors should look pass that.
No Major Backers: We (desperately trying to fit in -lol) don’t have major investors, hedge fund, ico investment etc. But i guess this could arise Pump and Dump which feathercoin is against of. I assume there are hundred regular investors, Leaving the general public as their customer, which most don’t know about, that’s why we probably need advertising or famous person on board.

3, Not based in silicone valley and not being able to be seem to be making so called “disruption” doesn’t help either.

taurus

@vigospqr,

Agree with all your points. As I pointed out, the only way to increase coin “value” is to boost demand. I got involved with Feathercoin only recently and unfortunately my first impression is not that great. The Mac wallet takes forever to sync, there’s no mobile wallet. I’m encouraged that there’s an active forum and that the developers are involved though.