Topic: [ANN] FairCoin (FAC) - NEW DEVELOPMENT TEAM - Innovation - Promoting Equality - - page 25. (Read 47071 times)

Hi Adam

I enjoyed reading your Financial analysis. Looking forward to the next one.

Keep up the great work

Thanks

He is dead.

The new dev team is responsible and trustworthy, we should promote FAC frequently too.

I don't want to play

He made an announcement saying that he found a investor, but probably fell apart and has not come back. Some people been saying he died in a car wreck but no real proof of that.

I believe that the new team to lead us on the moon

When a new wallet out

Look not very active community,in addition to the new team,we should actively promote

Why 1st dev left ? No scam right ?

Great work.If the FAC More than 5000 sat. I will donate 10K Fac.Let us look forward to the next development.

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

I also think so,I think at least fac=3000 sat.

the best way to sustain fac is holding fac, i think

BTW, why the price is very low? IMHO this is a coin with potential

I don't know.
Maybe he sell fac is right.
Maybe he is a SB.
 

OMG, who's selling now?

NOW,Fac = 600 sat.
Buy now?

good idea, like it
I'll make the other side of coin if you promise to send me one of the physical form 

Who's Tofer? 

https://www.icurrex.com/coin_poll  you can vote for FAC,