Author

Topic: Special analysis on IFC (Read 506 times)

newbie
Activity: 56
Merit: 0
February 23, 2014, 10:27:23 PM
#4
When we speculate in this democurrency market, we need to find the unique point of each democurrency, every unique point can support only one democurrency.

For example:

BTC: first democurrency, most well-known.

Doge: NO.1 hashing power of scrypt algorithm.

LTC: first coin to adopt scrypt algorithm.

IFC: first coin to have a quick issue, big money supply and short block time.

XPM: first coin to adopt a mining algorithm than can help find prime numbers.

For more useful discussions and analysis, click here:

http://www.bit-sky.com/index.php/english

I'm sure you'll find more than you expect!~ Grin
full member
Activity: 238
Merit: 100
February 23, 2014, 06:17:22 AM
#3
a ha?
newbie
Activity: 56
Merit: 0
February 23, 2014, 05:11:32 AM
#2
IFC is up by more than 20%! reaching 0.00057 RMB!
newbie
Activity: 56
Merit: 0
February 22, 2014, 10:15:04 PM
#1
IFC:

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!

http://www.bit-sky.com/images/2.jpg

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.

For further information, click here:
http://www.bit-sky.com/index.php/english/357-20140222-17-15-special-analysis-on-ifc
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