CAPTcoin Economy needs Market MakersJust as the CAPTcoin
Dev Team is busy with developing the important technological side of CAPTcoin - API, faucet websites, merchant integration etc, we will also need to pay attention to CAPTcoin Markets to boost its value and discover its price.
Presently, CAPTcoin is traded in these exchanges viz.
1. Bittrex.com
2. Coin-swap.com
3. Cryptoin.com
4. Atomic-Trade.com
5. bx.in.th
Most of the time, these markets are illiquid and one can buy or sell only at the nearest buy or sell order. These conditions will continue to prevail as we do not have the kind of volume like in Forex Market. But what’s worrying is the haphazard manner in which CAPTcoin markets behave. There are no Technical or Fundamental aspects or reasons behind these trades. The Sellers have been selling just because they get the coins free. Buyers have been few but buying because they think CAPTcoin’s value will increase in the future.
It’s mainly for this chaotic and unknown nature of the market, that we need Market Makers to be introduced into the CAPTcoin Markets to provide some sort of discipline and Orderly Price Movement as well as provide liquidity. If the market participants ie the buyers and the sellers trade for technical and fundamental reasons, orderly price movement will ensue with the help of the Market Makers.
Orderly price movements can be introduced into the markets possibly through self-fulfilled prophecy ie knowing beforehand and agreed by majority of traders that it’s time to sell or buy. This is possible using Technical analysis. Technical analysis can identify Buy, Sell or Neutral zone using the following Technicals:
1. Overbought and Oversold conditions using oscillators like Stochastics, CCI or RSI
2. Main Support and Resistance using Fibonacci and
3. Elliot Waves
And also Fundamental news and events that affect the value of CAPTcoin like
1. Acceptance or Rejection by a Merchant
2. Acceptance or Rejection by an Exchange
3. Some interviews or positive or negative news in any of the media
4. Development of services around CAPTcoin and
5. Any other events
Small traders are not able to move the market but a Market Maker with huge volume will be able to move the market by buying or selling a huge volume using the above mentioned Technical and Fundamental factors.What we needsTo be able to do technical analysis, we need a trading platform like Meta trader and incorporate price of CAPTcoin into it. BTC-E already uses Meta trader to trade various Cryto-currencies like bitcoin, litecoins, namecoins etc.
Discussion in bitcointalk:
https://bitcointalksearch.org/topic/start-meta-trader-4-btc-ecom-323284Download Meta trader:
https://btc-e.com/profile#meta_trader(you will need to sign up in btc-e to download)We can get CAPT/BTC into Meta trader either by
1. Getting listed in BTC-E.com or
2. By manually loading the historical data of CAPT/BTC from these exchanges like bittrex etc into Meta trader. For this we need to download all available CAPT/BTC historical data. I haven’t tried loading the historical data into the Meta trader as I do not have the CAPT/BTC Data but here is discussion on how to load into Meta trader:
http://www.metatrader4.com/forum/2095I think this should be possible.
Once we have the CAPT/BTC in Meta trader, we will now be able to do technical analysis and give forecast to the CAPT/BTC price.
Important CAPT Economy PlayerWe need Market Maker(s) that is capable to move market by trading large volume and keep the market liquid. My suggestion is to form
Funds atleast some 5-10 Funds in the line of Hedge Fund for trading purpose by pooling funds. All the CAPTcoin holders can contribute BTC or $ small or large into these Funds. These Funds will trade to profit and to take CAPTcoin to reach parity with BTC.
https://forum.captcoin.com/index.php/topic,405.msg2270.html#msg2270
