Feathercoin prices

[Feathercoiner]

Another noob question 


Ftcs were up to 45 cents yesterday. It's dropped to 18 cents today. http://feathercoinprice.com  my question is what's more the reason for the drop, btcs dropping or difficulty?

[anyroll]

I dont know why this fucking crash has happend. But Its pissed me off....  I bought at 00417 right before that major crash and its lossed more then half its value now.. Not cool......

[Feathercoiner]

So what is the cause for the drop? Anyone with experience in the digital currency know?

[AzureEngineer]

FTC was being used as what is called a "Pump and Dump" scheme. The entire purpose was to trick cryptocurrency newcomers into buying an otherwise worthless coin. Its price was purposely inflated, then people thinking it will go even higher start buying into a coin dump. What you end up with is a select few walking away with a lot of real money and the masses left with bags of worthless coins. I don't know why the community keeps falling for it. Altcoins aren't even trying to hide it anymore. See: Chinacoin

The price of FTC may one day rise again (or not at all), so you might as well keep the coins you have, unless you feel you really need to sell them.

[Feathercoiner]

I could trade my FTC coins to ltc right? Ltc is doing ok so I guess I'm just asking my it dropped. If its pump and dump but the difficulty remains and btcs prices stay, eventually ftcs will come back no?

[AzureEngineer]

I could trade my FTC coins to ltc right? Ltc is doing ok so I guess I'm just asking my it dropped. If its pump and dump but the difficulty remains and btcs prices stay, eventually ftcs will come back no?

I am not psychic and therefore couldn't tell you if it one day becomes the ultimate coin or dies a quick death by the end of the week. Too many variables to actively predict what is going to happen to such a volatile market.

[anyroll]

I spent 500 Bitcoins on feathercoins at 00417 no joke... I lost BIGTIME...

[zero3112]

I spent 500 Bitcoins on feathercoins at 00417 no joke... I lost BIGTIME...

No really how the hell do you get 500 bitcoins thats alot of money.  I know lots of people with lots of bitcoins but still I would never risk that much on an exchange.

[Buffer Overflow]

I dont know why this fucking crash has happend. But Its pissed me off....  I bought at 00417 right before that major crash and its lossed more then half its value now.. Not cool......

It never ceases to amaze me how many noobs are getting suckered into these P&D's. Your suppose to mine them cheap, then dump them quickly in exchange for decent coins like bitcoin. NOT buy them! 

[bigdaub]

Simple supply and demand. The demand dropped so the price dropped. Get involved in the Feathercoin community and help drive up demand. You can make it into a long term investment 6+ months or cut your losses now.

[n-gage]

ftc is just another useless fork to bitcoin.. pre-mining sucks

[escrow.ms]

Another noob question 


Ftcs were up to 45 cents yesterday. It's dropped to 18 cents today. http://feathercoinprice.com  my question is what's more the reason for the drop, btcs dropping or difficulty?

Some asshole sold alot FTC
https://bitcointalk.org/index.php?topic=197085.0

[Jazeon]

Look on this side:
http://dustcoin.com/mining

[adworker]

Look on this side:
http://dustcoin.com/mining

It makes sence. The popularity, ie Hashrate is good, but the price is just undervalued now

[Buffer Overflow]

Some asshole sold alot FTC
https://bitcointalk.org/index.php?topic=197085.0

Why are they an arsehole may I ask?

[escrow.ms]

Some asshole sold alot FTC
https://bitcointalk.org/index.php?topic=197085.0

Why are they an arsehole may I ask?

Because he probably didn't bought and sold FTC like normal trader.
https://bitcointalk.org/index.php?topic=197095.msg2051594#msg2051594

[testerx]

I spent 500 Bitcoins on feathercoins at 00417 no joke... I lost BIGTIME...

Did you put all your money into feathercoin?!  You should really diversify what you're holding...I hold some FTC, some BQC, some BTC, and some LTC...probably not a great idea to hold everything in one new coin.
Also probably not a great idea to dump a ton of money you can't afford to lose into this stuff, it's frankly plain speculation and some of us will make a crapload of money but a lot of people are gonna lose a crapload of money...put in what you can afford to lose.  Hopefully you could afford to lose 50 grand.

Either way, I'm kinda surprised the price didn't go higher with you pumping in 500 BTC...did you buy them all at once?!

[bdecgnbo]

Feeling is a lot of speculators in the hype

[astralvoid]

..also, FTC just recently started being traded on BTC-e and thre was a lot of initial dumping of the mined coins 

[Sikon024]

The US govt said it might want to regulate cryptos so everything is down.