I am not qualified to be a financial advisor and this is not intended as investment advice.
I am just some rad dude who got his screenname from a Trapper-Keeper who just barely got into cryptocurrency and the internet in general.
That being said, here is why I have begun stacking Feathercoin recently and why I think it is a good time to start.
Feathercoin, a fork of Litecoin, is one of the oldest cryptos.
It is a coin that is mined and has a maximum supply of 336,000,000 units
According to Coinmarketcap there are 178,345,880 FTC circulating at the time of this post and the market capitalization is only $6,680,302.00.
Feathercoin is available on Bittrex and sees most of it's trading there.
I have been aware of Feathercoin since before I had skin in this crypto game and I believe this will be one of the coins that will be accepted as money along with BTC and LTC and a few others for a time in the not to distant future.
I believe a lot of Ether tokens will fall out of favor and people will move that money to the older, more stable coins like Bitcoin and Bitcoin clones such as Feathercoin, even Doge.
(on a side note, I think you could throw money at Dogecoin right now even with it's unlimited supply at these prices and come out with a 10-bagger by summer, but Feathercoin looks like its found it's bottom at around 3.5 cents and I believe it could move even more than 10x.)
Feathercoin was worth over $1.20 in December of 2013 and then fell and had some long periods below a penny until around April 2017, when along with all the coins started to rise until around June 10th when it had a huge volume spike and ran up to over 9 cents with a market cap of over $17,000.
What's interesting is that it never fell to it's previous levels of under a cent, even through the correction, the China ordeal and even now with the recent BTC spikes, it has been over 3 cents, even going up to almost 5 cents the other night when all the altcoins started selling into Bitcoin.
I believe that it wouldn't take much more than a couple whales dropping some Bitcoins onto the Feathercoin market to get things really heated up. (feathers ruffled?)
I started buying when it went below $0.04 and don't have much yet, but I am cost averaging into it now.
I see this coin going to $1 by Mid-Summer 2018, with no news or hype necessary. (along with a lot of other coins)
I think that based on fundamentals and charts, people will start to like the looks of this coin.
When I look at the chart, I see a massive amount of FTC being sold off during the China FUD and now the Bitcoin spike.
I believe a lot of people who sold still have FTC in their sights to buy back at the bottom. I think 3 cents is the bottom and even if not, I still say it does really well gradually over the next several months.
The simple reason is that people with money are looking to get into crypto currency as well as precious metals and other alternative means of storing value as the stock and bond markets and the banking system continue to do scary things.
Just look at Gold and Silver today!! (gold up over $1300 again and silver ran up to $17.50!).
I think when these people discover cryptocurrency, they will look for straightforward coins like your BTC, LTC, FTC, Bitcoin Cash, ect... first, rather than ERC-20 tokens that may or may not violate security laws or coins like SIA that offer a service(which I also hold and feel is still a good long-term hold) or even privacy coins which may be labeled as instruments for crime or laundering by governments.
I feel that these people will look for straight-forward, decentralized, blockchain-based, encrypted money and when they speculate on which ones could go up a great deal in value, they will find Feathercoin to be a good option and will buy it.
When BTC=$10,000 (which I think will happen before New Year's, I predict that Feathercoin will be over 10 cents.
To recap;
•Decentralized,
•Limited (although big) supply,
•room to grow
•the economy
•has pre-crash price of 3x it's current value
•low price-point to buy in.
That is why I'm getting into FTC now. Bookmark this page and come back after Jan 1st and see if I'm right about BTC and FTC, I'll also throw in that if BTC hits $10k by New Year's, LTC will be over $250 a coin.
Thanks for checking out my post;
Stay Up!
-RADDOG
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STOPDon't forget some of the other pros: FTC had no premine, Did not raise funds through ICO, and is continuing development despite a lack of marketing and developer remuneration. To last this long without resources shows that this is a project worth a consideration. Finally, the team is looking at implementing segwit and the lightning network in 2018. Thinks are looking up for this project.
dude, what did we say??? what did we say??? lol been busy workin 6 days a week stackin feathercoin and just came on to say WHAT THE F DID I SAY ABOUT THIS COIN?? added you.