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Topic: need some advice on buying some feathercoins (Read 1638 times)

legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Any update?
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Look, if you want to spend 4BTC or 6BTC for the risk of buying FTC, go ahead. But spending that much money on a clone coin only a couple weeks in existence, especially since the OP obviously don't know Crypto very well, is a very bad idea.

EDIT: the fact that no one else seems to be chiming in to agree with me makes me think there are a whole bunch of wolves who are more then happy to take your dads six thousand dollars. So, well, have at it then. Don't say I didn't warn you. :-)  Wink

Thanks for your help (sarcasm). My Dad did pretty good today!!

I'm curious- how did that 46BTC buy of Feather coins work out? I see it's down to .0018 at BTC-E. Depending on when you bought and/or sold I figure you either made a lot of money on that huge pump when it got on BTC-E or you got massacred.
sr. member
Activity: 308
Merit: 250
Look, if you want to spend 4BTC or 6BTC for the risk of buying FTC, go ahead. But spending that much money on a clone coin only a couple weeks in existence, especially since the OP obviously don't know Crypto very well, is a very bad idea.

EDIT: the fact that no one else seems to be chiming in to agree with me makes me think there are a whole bunch of wolves who are more then happy to take your dads six thousand dollars. So, well, have at it then. Don't say I didn't warn you. :-)  Wink

Thanks for your help (sarcasm). My Dad did pretty good today!!

Congrats Smiley
legendary
Activity: 1176
Merit: 1015
They're trading around 30 cents each right now on the different exchanges.

Isn't that where Litecoin was just 4 months ago? And this means feathercoin is already worth the same as a PPCoin.

Interesting.
newbie
Activity: 42
Merit: 0
They're trading around 30 cents each right now on the different exchanges.
legendary
Activity: 1176
Merit: 1015
In USD what is feathercoin trading at?

If they are trading for a cent each I would consider dumping some BTC on it.

hero member
Activity: 683
Merit: 500
Look, if you want to spend 4BTC or 6BTC for the risk of buying FTC, go ahead. But spending that much money on a clone coin only a couple weeks in existence, especially since the OP obviously don't know Crypto very well, is a very bad idea.

EDIT: the fact that no one else seems to be chiming in to agree with me makes me think there are a whole bunch of wolves who are more then happy to take your dads six thousand dollars. So, well, have at it then. Don't say I didn't warn you. :-)  Wink
I didn't post I agreed with you, but I definitely do, it's the most stupid idea someone could have to spend that much btc's on a 2 weeks old coin that has all characteristics of a pump and dump coin. On the other hand, I don't know how much money KCK402's father has. Maybe he's a millionaire and this is only a little bit of playmoney. But I really hope it is an amount he expects to loose. 
newbie
Activity: 54
Merit: 0
Look, if you want to spend 4BTC or 6BTC for the risk of buying FTC, go ahead. But spending that much money on a clone coin only a couple weeks in existence, especially since the OP obviously don't know Crypto very well, is a very bad idea.

EDIT: the fact that no one else seems to be chiming in to agree with me makes me think there are a whole bunch of wolves who are more then happy to take your dads six thousand dollars. So, well, have at it then. Don't say I didn't warn you. :-)  Wink

"Just invest what u can afford to lose, and forget you have them"

He would not do it any other way. He is a gambling man.
hero member
Activity: 938
Merit: 1000
www.multipool.us
Look, if you want to spend 4BTC or 6BTC for the risk of buying FTC, go ahead. But spending that much money on a clone coin only a couple weeks in existence, especially since the OP obviously don't know Crypto very well, is a very bad idea.

EDIT: the fact that no one else seems to be chiming in to agree with me makes me think there are a whole bunch of wolves who are more then happy to take your dads six thousand dollars. So, well, have at it then. Don't say I didn't warn you. :-)  Wink

FWIW I totally agree with you.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Look, if you want to spend 4BTC or 6BTC for the risk of buying FTC, go ahead. But spending that much money on a clone coin only a couple weeks in existence, especially since the OP obviously don't know Crypto very well, is a very bad idea.

EDIT: the fact that no one else seems to be chiming in to agree with me makes me think there are a whole bunch of wolves who are more then happy to take your dads six thousand dollars. So, well, have at it then. Don't say I didn't warn you. :-)  Wink
hero member
Activity: 938
Merit: 1000
www.multipool.us
This is pretty much the same people told you 1/2 year ago: Don't pay 46BTC for 100.000 Litecoin, they will be worthless within a year.
You would have been an idiot not to buy 100.000LTC for 46BTC, because 1/2 year ago they where at 0,007 and 100.000LTC would have cost you 700BTC at btc-e. Would be pretty stupid if you didn't take them for 46BTC  Tongue

I think you may have accidentally some math.
hero member
Activity: 683
Merit: 500
This is pretty much the same people told you 1/2 year ago: Don't pay 46BTC for 100.000 Litecoin, they will be worthless within a year.
You would have been an idiot not to buy 100.000LTC for 46BTC, because 1/2 year ago they where at 0,007 and 100.000LTC would have cost you 700BTC at btc-e. Would be pretty stupid if you didn't take them for 46BTC  Tongue
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
But don't for the love of god spend your 46BTC on it.

This is pretty much the same people told you 3 years ago: Don't pay $46 for 100.000 Bitcoin, they will be worthless within a year.

This is pretty much the same people told you 1/2 year ago: Don't pay 46BTC for 100.000 Litecoin, they will be worthless within a year.

Look where BTC is today. Look where LTC is today.

There were people like you for Tenebrix, IX, IO, SolidCoil, MicroCash the list goes on and on, but judging by your post count- you weren't here back then, so you probably dont remember that lots of people had the same response as you , but trying to sucker someone out of their money by holding the incredibly unlikely potential for great rewards infront of them.

I repeat my warning: DON'T SPEND 46 BTC on it! Spending 46 BTC 1 year ago on LTC isn't the same thing. Because of the price difference, spending 46BTC today on FTC is like spending 500BTC on LTC 1 year ago. It could have made you rich- yes, but you had no way of knowing that back them. It was gambling. Just like it's gambling now. Mine FTC if you want. Buy it if you are happy to lose it.
sr. member
Activity: 294
Merit: 250
cryp, Bter has higher prices
when you make your first GA login
copy the secret key and put it in this gauth client https://marketplace.firefox.com/app/gauth-authenticator/ if you need a desktop one, the others give other ppls trouble
feel free to send me some here  6iocYYhzPpsiBWmjx943QEcPdj3KxnHANn if this helped you
full member
Activity: 154
Merit: 100
CoinTropolis
But don't for the love of god spend your 46BTC on it.

This is pretty much the same people told you 3 years ago: Don't pay $46 for 100.000 Bitcoin, they will be worthless within a year.

This is pretty much the same people told you 1/2 year ago: Don't pay 46BTC for 100.000 Litecoin, they will be worthless within a year.

Look where BTC is today. Look where LTC is today.

True, but I'm LOVING my broken clock for btc, ltc and ftc right now. Wink

Agreed. Then again, a broken clock is still right 2 times a day.
full member
Activity: 126
Merit: 100
But don't for the love of god spend your 46BTC on it.

This is pretty much the same people told you 3 years ago: Don't pay $46 for 100.000 Bitcoin, they will be worthless within a year.

This is pretty much the same people told you 1/2 year ago: Don't pay 46BTC for 100.000 Litecoin, they will be worthless within a year.

Look where BTC is today. Look where LTC is today.

Agreed. Then again, a broken clock is still right 2 times a day.
sr. member
Activity: 255
Merit: 250
But don't for the love of god spend your 46BTC on it.

This is pretty much the same people told you 3 years ago: Don't pay $46 for 100.000 Bitcoin, they will be worthless within a year.

This is pretty much the same people told you 1/2 year ago: Don't pay 46BTC for 100.000 Litecoin, they will be worthless within a year.

Look where BTC is today. Look where LTC is today.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
My father wants to buy 46.61 BTC worth of FTC. What is the best exchange to do this. He has an account with cryptonit.net and bter.com which one would be his best bet?

NO. NO NO NO NO NO. DO NOT DO THIS. If you don't know what is the best exchange to do this on then you have 100% definitely no business spending 46BTC on FTC. Mine it, sure, but don't buy it. You will be a sucker 100% for sure.

FTC has millions of coins out there, ALREADY, it's been out for only a few weeks and it has 5677800 coins already mined. At the current rates thats about 1.5 million dollars- OUT OF THIN AIR. Well, not exactly out of thin air, if you go ahead with your plan at least 46BTC of that 1.5 million dollars will come from your father.

FTC can be a coin, I'm not debating that, but don't  spend 46BTC on it, right now. I have no doubt that the value will collapse by an order of magnitude as soon as the people who have already mined start to panic and dump coins.

To give you a bit of perspective from the sell wall I can see at Vircurex the current FTC coin holders could entirely crash the FTC market over 250 TIMES. IE: sell out every single buy order 250 times in a row and still leave the value at zero.

If you want to do something with 46BTC, just hold BTC and wait. If you want to get into FTC, then mine it and join the ftc party. But don't for the love of god spend your 46BTC on it.
 
sr. member
Activity: 255
Merit: 250
My father wants to buy 46.61 BTC worth of FTC. What is the best exchange to do this. He has an account with cryptonit.net and bter.com which one would be his best bet?

http://vircurex.com/

It added Feathercoin recently and is the biggest one of all those exchanges.
hero member
Activity: 574
Merit: 500
Note: withdrawing from cryptonit is also a pain in the but.

+1. It locks coins in, even with 2-factor authentication.

https://bitcointalksearch.org/topic/feathercoin-about-to-launch-on-cryptonit-188949
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