Bitcoin Forum

Does anyone know anything about why Feathercoin more than  doubled in the last few days? I can't find any information about it so it just seems random, but a move that big shouldn't be. Sub 2000 sats three days ago, now trading over 5000, on no insignificant volume.

https://i.imgur.com/U7NVuZo.png

Probably just another pump and dump:

http://screenshotuploader.com/i/1604/ca38a.png

Pump & dump

Good call on that. I should have backed my chart out further. Pumps are always a concern of mine with any recent price spike. I guess I was hoping for any information that might be to the contrary in this case.

I don't know of any positive new for FTC, in fact there are just issues with the wallet(s).

It's worth noting the last P&D also got disrupted by wallet issues (new version caused troubles, forks, etc) otherwise it might have been bigger.

Do you think they're actually related or just a coincidence? The only way I could think of them being related is if somehow the wallet problems severely restrict supply and drive up the price, but that seems unlikely.

I doubt it's related but I'm not sure.

Was too cheap before. I think it's worth this price. It'll probably drop again, though and rise on another occasion again, who knows. But it being under value at 1k sat is pretty obvious.

Feathercoin has long history. It has quite a big community. The price has been pumped and dumped before.

someone or some groups are just playing with their coin stash

Totally seems like pump and dump. The top 200 ftc wallet activity also show much about the nature of the price increase.

still pumping along even overtaking Eth in vol on bittrex (need to change the tittle to trippled).

ftc fan as in its an honest old skool coin that still has support after many years. however the current does seem like a pump, though could be considered a rebound as its been a top 10 coin and many $$$ per coin in the past.

Seems just a huge pump going on with feathercoin and its not a wise dicision to buy them on this high mark. If  you buy now your bitcoin may got stucked till next pump which can happen again after few months or after few years or never. Be safe guys, i am not buying any alts at pumps.

Whales are trying to lure newbie traders.

Sweet, one of the few coins I was able to withdraw from crooksy before they closed. Syncing the wallet now, time to dump my last 30k of this dead coin.

while i'd agree this current action looks like a shortterm pump, ftc is far from a dead coin, community and dev team still going strong after 3 years (which is rare in this scene).

FTC是中国第一一代币

Glad my wallet took awhile to sync up and for me to get my FTC transferred, I managed to sell some at 10k sat, or 0.0001 BTC :)

I haven't sold it all yet, waiting to see if it goes up some more, but if it drops near 9k again I will probably let it all go. I didn't have that much, but at 10k I can get 3 BTC back.

its a grab
someone took a big position
FTC will be one of the major POW chains by 2020

i've a position in ftc and think its a good longterm prospect. however if this is a fontas pump as he is claiming on twitter tis not the best timing to grab then  :o

I can imagine that it is that someone has taken a position, but it is a very impatient person if that is the case! 
They could have slowly amassed a position instead of doubling the price in a day or 2.

Why will it be one of the major POWs in 2020?  I don't really get why LTC was popular, so a LTC clone seems fairly unimpressibve to me.
Time is on it's side, but from the oldies I prefer Peercoin and Primecoin, though they are way out of fashion!

grabs are not the same as accumulations
it is a power move, see what you can shake out

the pumpers join in on the fun
but the grabber is not looking to create support
he is just after a target

Why will it be one of the major POWs in 2020?
first to move into the antiASIC sector
& history FTC has it

Wow, its still going

I am following the development of Feathercoin for a couple of months. In my view, the current price increase is a mix of new developments (the community and the devs are very active developing the wallet) and pump. Feathercoin is at least that superior as Litecoin, so it does not wonder that price is increasing.

The Feather coin has a long history and a good community. So there are quite a few pumps in the last few years.

Well, a couple weeks later and we now have a little bit of perspective. This turned out to be a gigantic move from a long-term base around 1,500 sats to a peak of about 18,000 before crashing back down. It is currently still trading well above that old long-term average, sitting around 6,300.

Currently, i expect the price to drop further after the pump. Dump phase does not seem to be over yer.
Many orders @ the area of  <.020mB, people do not appear interested in buying large quantities of FTC for higher than that.

The pump phase ended a few days ago. But surprising, the Etheruem price did not drop below $10.