Topic: [ANN] FairCoin (FAC) - NEW DEVELOPMENT TEAM - Innovation - Promoting Equality - - page 24. (Read 47021 times)

let's try via tinypic...

hey guys,
if the latest coin design that i posted here is OK, then please change the logo in the OP

He ment that the value of the coin should be 10k sat..

Huh? 

Not ten thousand sat..., this is a failure of the coin.

Fac=100 sat..
 

He's gone...

who can tell me the price now。。。i have buy a lot of it

where is the former dev of faircoin

FairCoin has seen a variety of large ups and downs, as well as substantial periods of time with next to no activity. There were large periods of prosperity as well as depression throughout FairCoin's two previous months of existence. Today, I will be analyzing the value of FairCoin for the past week, and provide a bit of speculation on FairCoin's next target value.



As you can see in the picture above, the primary support level was tested various times throughout the original dev's absence. With the creation of the new dev team, the price rocketed up over 300%, consolidating at 1K satos various times, increasing and testing the primary resistance level twice, before decreasing once this period of short prosperity died down. The recession that followed was inevitable because the increase in value was relatively too fast. The tertiary support level established by day-traders was broken through. The secondary support level is now being thoroughly tested by moderate selling forces.

The main thing that's causing the continuous decrease in current value is the psychological powers at play here. Day-traders sell their holdings of FairCoin, in hope of buying in lower. This was seen in the tertiary and secondary levels established by these very traders, which most likely sold at above 1K satos and left their buy offers in at 900, 800, 700, and now 600 satos. The amount of sellers are decreasing by a lot, and more buy offers are being put up to account for the amount which they sold. There will be a very sudden trend reversal, and the price may likely rocket up again. Once day-traders see the price increasing again, they''ll pull out their lower buy supports and immediately start buying FairCoins in hope of it going up more. This is like a chain reaction, as more and more keep on buying.

I believe that FairCoin will not go below 500 satos. The primary support level was not broken for 3 weeks, and being reinforced by daytraders which sold their FairCoin holdings at over 500 satos, will most likely will not break. See, here is an example. If a person sold their 100K FairCoins at 1K satos, and with the 1 BitCoin return, left an offer for 200K FairCoins at 500 satos, and the person who he sold it to decided to dump his 100K FairCoins at 500 satos (at a loss), there wouldn't be enough FairCoins to cover the other 100K. And so, the remaining demand and the vanished supply will make the price price inevitable. I am applying this theory to FairCoin right now, because once the people that bought their FairCoins at over the current price dump their holdings, and the people that sold their FairCoins at over the current price put in buy supports at the current price (with the same amount of BitCoins), the buying force will have more FairCoins in value than the selling force. And that is why a rise in FairCoin's value will happen quite soon.

More financial analysis to come soon!


Kindest regards,

Adam Trat (Gladimor)

Community Manager, FairCoin