Feathercoin is anticipated to spike and dip as global events are announced related to BTC and LTC. The current dip is parabolic, creating a temporary bear market that can be profitable for those with resources to diversify into FTC.- BitcoinIntel.com
New York, NY (PRWEB) December 16, 2013
BitcoinIntel analysts advise cryptocommodity investors to keep their eyes on Feathercoin (FTC) over the next month, as the altcoin has been quietly gaining traction and swelling in value on major exchanges such as BTC-E.com.
While the market rates of crypto-to-USD continue to fluctuate with extreme volatility and are subjected to the whims of global events, market fluctuations between crypto-to-crypto commodities are more predictable, less dramatic, and more profitable within shorter periods of time. Traders and automated arbitrage bots have been observed engaging in frequent trades between cryptocommodities, specifically BTC/LTC/FTC. The sole purpose of flipping crypto-to-crypto in this manner is to increase their physical holdings. Many of these investors see cryptocurrency as having significantly more value than USD, and as a result hedge in altcoins like FTC as opposed to USD.
Small Units, Large Gains
At the time of writing, 1 FTC is priced at .00046 BTC, equivalent to about $0.38USD, according to the BTC-E exchange.
Within the last 30 days, Feathercoin rose to from 0.00040 BTC to 0.00128 BTC on Novemer 30, 2013. Traders who bought in using BTC at 0.00040 on November 27, 2013 saw a 278% ROI if they sold on November 30, 2013. Within the last few days, the market rate has slowly deflated back to the 0.00040 range. The Feathercoin market is anticipated to experience similar spikes and dips over the next few weeks as global events are announced related to Bitcoin and Litecoin. The current dip is being interpreted as parabolic by BitcoinIntel analysts, creating a temporary bear market that can yield significant profits for those with resources to diversify into Feathercoin via BTC-E before the market swings back to the .001+ range. The FTC/BTC fluctuations are available at CryptoCoincharts.info.
"If the value of Bitcoin drops by 500% overnight, it won't matter to smart investors because they hedged in FTC instead of USD. At the end of the day, they still have cryptocurrency," stated Alexander Heid, co-founder of BitcoinIntel.com and CEO of HackMiami. "FTC can always be traded for another kind of crypto if needed, or it can be spent on a good or service. The only losers in the cryptocurrency arbitrage game are those who rely exclusively on USD as a safe haven for market fluctuations. If markets don't move in the anticipated direction, the trader can end up taking a significant hit and be left holding a USD voucher code for an exchange that they now have to figure a way to turn to cash. Keeping trades within the realm of crypto-to-crypto allows for quick and easy withdrawal, eliminates regulatory requirements, and keeps wealth within the cryptocurrency economy and stays true to Agorist principles."
Feathercoin (FTC) was released in April 2013 as an open source fork of the Litecoin (LTC) cryptocurrency project. FTC was added to the BTC-E exchange in May 2013. Feathercoin has emerged to be considered one of the most prominent 'altcoins' behind Litecoin, and has a very active development community continuously maintaining the codebase. FTC operates much like LTC because it uses Scrypt as its primary encryption algorithm. However, it is designed to be more lightweight (hence the image of a 'feather'), less resource intensive, and has the ability process transactions at greater speeds using a smaller blockchain. The Feathercoin concept and code was first developed by Peter Bushnell, who was a minor contributor to the Litecoin project.
BitcoinIntel.com, a subsidiary of HackMiami, is the first customized cryptocurrency intelligence service providing aggregate marketplace information and open source intelligence (OSINT) data sourced from exchanges, mainstream media, alternative news sources, and social networks. The data is presented in a customizable dashboard format, and provides analytics on all aspects the cryptocommodity ecosystem.
The service seeks to assist cryptocurrency miners, traders, and consumers by providing updated marketwatch intelligence that can be used for mining decisions, trade intelligence, and diversification suggestions. BitcoinIntel.com analysts were among the few that accurately predicted the rise of Bitcoin and Litecoin to match or exceed the price of gold and silver.
HackMiami is the premier start-up incubator and partnership resource in South Florida for information security services such as vulnerability analysis, penetration testing, and digital forensics. HackMiami is also heavily involved within the cryptocurrency marketplace, having participated in the alternative economy since 2011.
HackMiami seeks to develop and harness the participation of the information security community through regular events, presentations, labs and competitions. These events allow the hacker community a forum to present their research, develop new techniques and methodologies, and at the same time provides valuable a networking resource for contracting opportunities.