Bitcoin Forum

My father wants to buy 46.61 BTC worth of FTC. What is the best exchange to do this. He has an account with cryptonit.net and bter.com which one would be his best bet?

Bter.com

Not saying it's great, but nothing but complaints for the cyptonet one.

do it in steps and decide after each step. at first 5btc then 10 btc...

i've had decent luck on cryptonit

Well that sucks, I just sent my first 5 to Bter. Next 5 I will try cryptonit.

just keep in mind that depositing btc into either of the two will take 6 confirmations @ 10 minutes (give or take) per confirmation, so prepare for at least an hour wait between depositing and trading.

Once I find a exchange I like I will work up the nerve and just send all the BTC all at once. Hope my father is happy with his FTC when this is all said and done.

Do be a bit careful, >$5000 is a fair bit of risk. Anyhow, bter.com seems to have better feedback, not sure if either exchange can currently support the volume you need though.

Best of luck! :)

Yeah, I told him he might have to wait for few days or a week before his order will be full. Is that right?

Note: withdrawing from cryptonit is also a pain in the but.

well, considering 46 btc would be worth about 31K feathercoins, yeah it will take a while to get this filled... quite a while (unless he trades at higher values of feathercoins).

A word of warning, though, we are about 8 hours away from a major difficulty change in feathercoin (doubling the difficulty!)... with this there are many uncertainties. Tread lightly.


Doesn't seem to be too bad... just don't lose/change your google auth and you are good to go.

+1 to rocky waters, speculation is huge right now, and with a >2.05 diff increase, we're in for some interesting economics :)

+1. It locks coins in, even with 2-factor authentication.

https://bitcointalk.org/index.php?topic=188949.0 (https://bitcointalk.org/index.php?topic=188949.0)

http://vircurex.com/

It added Feathercoin recently and is the biggest one of all those exchanges.

NO. NO NO NO NO NO. DO NOT DO THIS. If you don't know what is the best exchange to do this on then you have 100% definitely no business spending 46BTC on FTC. Mine it, sure, but don't buy it. You will be a sucker 100% for sure.

FTC has millions of coins out there, ALREADY, it's been out for only a few weeks and it has 5677800 coins already mined. At the current rates thats about 1.5 million dollars- OUT OF THIN AIR. Well, not exactly out of thin air, if you go ahead with your plan at least 46BTC of that 1.5 million dollars will come from your father.

FTC can be a coin, I'm not debating that, but don't  spend 46BTC on it, right now. I have no doubt that the value will collapse by an order of magnitude as soon as the people who have already mined start to panic and dump coins.

To give you a bit of perspective from the sell wall I can see at Vircurex the current FTC coin holders could entirely crash the FTC market over 250 TIMES. IE: sell out every single buy order 250 times in a row and still leave the value at zero.

If you want to do something with 46BTC, just hold BTC and wait. If you want to get into FTC, then mine it and join the ftc party. But don't for the love of god spend your 46BTC on it.
 

This is pretty much the same people told you 3 years ago: Don't pay $46 for 100.000 Bitcoin, they will be worthless within a year.

This is pretty much the same people told you 1/2 year ago: Don't pay 46BTC for 100.000 Litecoin, they will be worthless within a year.

Look where BTC is today. Look where LTC is today.

Agreed. Then again, a broken clock is still right 2 times a day.

cryp, Bter has higher prices
when you make your first GA login
copy the secret key and put it in this gauth client https://marketplace.firefox.com/app/gauth-authenticator/ if you need a desktop one, the others give other ppls trouble
feel free to send me some here  6iocYYhzPpsiBWmjx943QEcPdj3KxnHANn if this helped you

There were people like you for Tenebrix, IX, IO, SolidCoil, MicroCash the list goes on and on, but judging by your post count- you weren't here back then, so you probably dont remember that lots of people had the same response as you , but trying to sucker someone out of their money by holding the incredibly unlikely potential for great rewards infront of them.

I repeat my warning: DON'T SPEND 46 BTC on it! Spending 46 BTC 1 year ago on LTC isn't the same thing. Because of the price difference, spending 46BTC today on FTC is like spending 500BTC on LTC 1 year ago. It could have made you rich- yes, but you had no way of knowing that back them. It was gambling. Just like it's gambling now. Mine FTC if you want. Buy it if you are happy to lose it.

You would have been an idiot not to buy 100.000LTC for 46BTC, because 1/2 year ago they where at 0,007 and 100.000LTC would have cost you 700BTC at btc-e. Would be pretty stupid if you didn't take them for 46BTC  :P

I think you may have accidentally some math.

Look, if you want to spend 4BTC or 6BTC for the risk of buying FTC, go ahead. But spending that much money on a clone coin only a couple weeks in existence, especially since the OP obviously don't know Crypto very well, is a very bad idea.

EDIT: the fact that no one else seems to be chiming in to agree with me makes me think there are a whole bunch of wolves who are more then happy to take your dads six thousand dollars. So, well, have at it then. Don't say I didn't warn you. :-)  ;)

FWIW I totally agree with you.

"Just invest what u can afford to lose, and forget you have them"

He would not do it any other way. He is a gambling man.

I didn't post I agreed with you, but I definitely do, it's the most stupid idea someone could have to spend that much btc's on a 2 weeks old coin that has all characteristics of a pump and dump coin. On the other hand, I don't know how much money KCK402's father has. Maybe he's a millionaire and this is only a little bit of playmoney. But I really hope it is an amount he expects to loose. 

In USD what is feathercoin trading at?

If they are trading for a cent each I would consider dumping some BTC on it.

They're trading around 30 cents each right now on the different exchanges.

Isn't that where Litecoin was just 4 months ago? And this means feathercoin is already worth the same as a PPCoin.

Interesting.

Congrats :)

I'm curious- how did that 46BTC buy of Feather coins work out? I see it's down to .0018 at BTC-E. Depending on when you bought and/or sold I figure you either made a lot of money on that huge pump when it got on BTC-E or you got massacred.

Any update?