Hello people,
Reading all your opinions of this last days related the faircoin price situation in getfaircoin, bittrex, etc...
I see in one hand, that Bitcoin has grow a 20% the last two weeks (top on 30% this weekend). Also other cryptocurrencies has grown a lot.
And this makes in proportion the getfaircoin price a cheaper one (currently about 17000 satoshis in bittrex).
Otherwise We are working heavily in faircoin adoptiop for the real economy, with the ATM network, the use.fair-coin.org directory and the next faircoin week for 24-31 july.... besides other long term projects like fairmarket, Coopshares, ...
The real value of what we are doing is growing, besides what bittrex has to say (that can be heavy affected by short term choises of few big holders, as we saw on the weekend).
Also FairCoop is investing in bointies and some expense based in getfaircoin.net price, in that context not makes sense to chante to lower the getfaircoin price, because this would affect the expectatives of the people working for bounties, and the faircoop budget itself... Also is a problem for the stability that we want to create and show for the newcomers to cryptocurrency.
Anyway, at that moment, the price spread between bittrex and getfaircoin is too much, for making the faircoin ecosystem works for real...
Especially we need to make possible for merchants that will be involved in the faircoin week, to cashout faircoin at same price that they sell
when based in getfaircoin value. For that question of the faircoin week we need to push the bittrex price until at least close to 15000 satoshis, before july 20.
Therefore my proposal is to share the responsability to buy up in bittrex this week, between lots of the faircoin supporters that could be part of that and are reading us. So, if you have bitcoins or possibility to buy for investing in bittrex to show your support to faircoin, and make a good investment at that low prices, please prepare your buys!!
We have Sell walls around 17 BTC until 15000 so, we need to put together about this amount to make the push to help on the faircoin stability.
If around 15 people invest 1 BTC of so, we can do it...
I am thinking in the way to manage that call for buy up in bittrex in the better way, and would like to know your opinions.
I could spend faircoins for make bonus for people that come to this call and I am thinking in the way to manage that proposal. I will write more later tody about that.
Meanwhile I remember good practices for helping the faircoin value and the faircoop projects, next days.
Good practices.
- Buy up in the sell walls (thats the best one, for pushing the price)
- Build Buy walls, in the upper prices, to create buying pressure.
- If you not really need to sell, avoid to put sell walls below 15000 satoshis (or much lower that getfaircoin.net reference)
- If you spend faircoin using services like bitbill, fairtoearth or some merchants, remember to rebuy your faircoin holdings buying on bittrex
Thanks for your support!
Price manipulation will never work no matter what you do. Unless you have unlimited access to Fiat. Even if you force raise price to 15K whats keeping sellers from bringing it right down.
If I invest say 1BTC and we raise price to 15K and then it crashes to 6K I lose over .5TC
I know, we not can manipulate price of bittrex.
My proposal is not about price manipulation but about in one side making easier to invest in Bittrex, for adding buying pressure for real; in the other side trading cooperation. Trading cooperation means, that you can join if you know that others are also joining in do the same action that helps the full community and also yourself, so that mean that you are not alone. That coordination help people to make one step... that perhaps would not happen if some one feels alone.
That "unlimited acces to fiat" will come from the crowd as soon we would be able to activate the real economy happening with faircoin. Faircoin week have this aim, and for this is why I am proposing to collaborate in adjust bittrex and getfaircoin. We need that to have a balanced ecosystem for buying and selling goods.
At that moment for example we could promote for the greek travellers being in Spain, move money from theirgreek account to spanish ATM but we not can do that until getfaircoin and bittrex are balanced. (fairtoearth would lije to have getfaircoin reference, but not can support cashout pressure, if the prices are not balanced...)
Everything for real is pending that the prices becames balanced...
Ok, nothing is unlimited, neither selling pressure is... So lets make the acces to fiat more unlimited than the selling pressure, by the better way, that is real economic activity...
