What does he think about Bitstamp? Will it go under 500?
He mentioned Bitstamp a few days ago. In his opinion, Bitstamp is much more reliable than MT for the time being, at least it's not cheating. As for the price, it's hard to say right now.
He doesn't climb out on much of a limb with that one.
I wonder why he like IFC so much? a look at it's chart since inception is pretty unimpressive.
Good question, why does he favor IFC so much? I collected the author's statements in the poster and translated them into English, the full analysis on IFC is here:
http://www.bit-sky.com/index.php/english/357-20140222-17-15-special-analysis-on-ifcIFC:
Max money supply: 90,600,000,000
Price: 0.00048 RMB right now (
www.bter.com)
Block time: 30 seconds
As you can see, IFC has a gigantic issue size, an extremely low price and can be confirmed quickly.
IFC enjoys good popularity in China. There are a lot of IFC websites, forums, and even TV advertisements.
Most important, its mining is coming to an end, only few coins are mined out everyday. This way, the price of IFC will not be pressed by the selling of newly-mined coins, it can rise with much more ease.
For BTC, newly-mined coins everyday is about 1.6 million dollars, Litecoin 400,000 dollars, Doge 400,000 dollars. For a coin without the selling of newly-mined coins, the price is difficult to fall. On the flip side, even a small amount of buying can pull up the price. As a result, the market maker will be able to pull up the price easily and make much profit.
The author detected the existence of a market maker (on a big Chinese trading platform
www.bter.com) in December last year, and successfully predicted his movement of pulling the price from 0.00051 to 0.0097 within 10 hours. Then the market maker somewhat stopped pulling (he is supposed to pull higher and attract new buyers), and began to act against the author, he turned around to lower the price in order to absorb more coins, I guess the reason is that the market maker suddenly saw the poster.
The author possesses 1.5 billon coins, together with his readers’ buying, there are about 10 billion coins. This is the main reason why the market maker acted against him, he wants to grab the coins out of his hands.
From January 27 to today, the price of IFC has been going down continuously for 25 days. It doesn\'t fall with BTC, neither does it rise with Doge, it behaved abnormally and began to dive recently(see the chart below)，now the price is lower than the market maker’s position-building cost.
It is a golden opportunity to buy in!
Despite the author’s favor on IFC, he now seems to be sick and tired of playing mind games with the market maker.
IFC also has its drawbacks, worry about its hashing power, risk of 51% attack, etc.. The author suggested 10% allocation of your money on this coin. You may lose, of course. Anyway, what we are playing is probability.
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he should look at ADT as well as IFC
( last cryptsy trading price was around 0.00000050 LTC
