Feathercoiner (OP)
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May 07, 2013, 03:34:16 AM |
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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? |
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anyroll
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May 07, 2013, 03:36:28 AM |
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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...... |
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Feathercoiner (OP)
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May 07, 2013, 03:38:53 AM |
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So what is the cause for the drop? Anyone with experience in the digital currency know?
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AzureEngineer
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May 07, 2013, 03:39:21 AM |
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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.
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My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
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Feathercoiner (OP)
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May 07, 2013, 03:42:38 AM |
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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?
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AzureEngineer
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May 07, 2013, 03:44:54 AM |
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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. |
My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
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anyroll
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May 07, 2013, 03:49:24 AM |
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I spent 500 Bitcoins on feathercoins at 00417 no joke... I lost BIGTIME...
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zero3112
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May 07, 2013, 03:57:22 AM |
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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. |
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Buffer Overflow
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May 07, 2013, 04:13:34 AM |
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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!  |
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bigdaub
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May 07, 2013, 04:54:22 AM |
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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.
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n-gage
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May 07, 2013, 08:20:23 AM |
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ftc is just another useless fork to bitcoin.. pre-mining sucks
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Jazeon
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May 07, 2013, 09:12:04 AM |
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adworker
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May 07, 2013, 09:17:45 AM |
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It makes sence. The popularity, ie Hashrate is good, but the price is just undervalued now |
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Buffer Overflow
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May 07, 2013, 09:45:53 AM |
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Why are they an arsehole may I ask? |
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testerx
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May 09, 2013, 04:00:25 AM |
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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?! |
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bdecgnbo
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May 09, 2013, 04:03:01 AM |
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Feeling is a lot of speculators in the hype
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astralvoid
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May 09, 2013, 04:04:26 AM |
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..also, FTC just recently started being traded on BTC-e and thre was a lot of initial dumping of the mined coins
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Sikon024
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May 09, 2013, 04:33:39 AM |
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The US govt said it might want to regulate cryptos so everything is down.
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