why I liquidated my FRC

[dego]

I dont know much about FRC but..

So, they have a "best before" date, Is that a cryptocurrency first  - dont think I'll bother with FRC, seems like a shitcoin (or maybe its the model the government will take one day - sounds like a tax!).

Yeah. Your statements are the proof that you didn't understand anything at all what FRC is about. Maybe it's not for you...

[hanzac]

Overall I spent 2 BTC and traded 15K PPC to acquire 20K FRC. I sold it all for 6.4 BTC. I took a small loss to liquidate.

The price of PPCoin has fallen by about 10% in the last few days. I don't know that you lost that much. 4.66125 BTC for your PPCoin and 2 BTC makes 6.7 BTC.

So you lost .3 BTC but instead you're sitting in the much more liquid BTC.

If you were looking to get out of risk (altcoins) I think you are a good trader to make so many transactions in a short time and only lose 0.3 BTC.

Thanks! In fact, I bought most of my PPC back in mid-October when it was trading for .00015. And I bought the PPC with the proceeds from the sale of a small position in LTC when the rate inexplicably spiked over .007. So overall the alt-coins have been a profitable experience for me. I still hope one of them will take off for use beyond speculation but I'm not holding my breath on that one.

I think FRC is not for investing, because it's designed just for trade purpose. Its price does not obey the natural rule. In this sense, I think PPC is better for invest in comparison.

[Impaler]

I think FRC is not for investing, because it's designed just for trade purpose. Its price does not obey the natural rule. In this sense, I think PPC is better for invest in comparison.

Better for whom?  The investor/lender would indeed be 'better' off with the 'hard' currency with high interst, the borrower will be better with the lower interest FRC.  As their will be more investment under a low interest currency then a high one and higher investment is better for general prosperity FRC is better period.