Hello all,
After more than 75 days without an exchange with volume enough, and remembering that the price before mintpal closing was
around 1500 satohis, its logical that some random users with faircoins holdings and without real interest in whar are we doing, are creating some sell pressure between 1600 and 2500 satoshis.
Otherwise, the order book in bittrex is yet very tiny and its normal that the people willing to sell are going faster than the people willing to buy..
the big variations or prices at short term that is not so good and some times difficult to understand for people that are newbie to this kind of markets..
Therefore here are some proposals and suggestions for the people that wants to be involved at the level that we could call "market cooperation"
- If you are saving faircoin and you have enough, but also you are storing some bitcoins, or could be liked to do it, you could cooperate to creating buying walls at the level of 1000 - 2200 (going more close to 2200 if you are more likely tu buy and more close to 1000 if you really dont want to buy) this is very important to create trust in the market for people that dont have enough with all our plans
- If you need to sell big amounts of faircoin, because for example you need to pay some bills, return a loan, or... you got you buy wall filled and you really dont want to save more faircoin, you can PM me; i have contact with investors willing to buy big amounts that they dont could get in the market easily.
Like you know we are working in set up fairmarket in january. (dont know yet the exact deadline) to make this possible at real life level, we need to build a market with:
- stability enough. (no more than 10% daily spread), to create enough stability for price reference.
- volume enough to make possible and easier to get in and get out, for consumers and producers.
So if you wants to be involved in faircoin, the exchange market is one of the fronts where you can help
pd: right now yet all my buys has been filled, and i will not have more until 2 days, so is a good moment to find some replacements
pd2: i think that there are not more than 2-3 milions of faircoin able to be sold in open market at short term (most of people is saving for long term), so this 150000 sold in bittrex is already about 5-7% of this...
i suggest to wait and let the weak hands leave..
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