Re: [ANN][FAIR] Faircoin Dev team launch Faircoin 2.0 White paper. PoC
With the current work and efforts being put into the FAIR economy and the successes that have already been achieved, it really amazes me that there are still people dumping FAIR in Bittrex.
Unfortunately, we can only start growing again once all the dumpers have dumped their coins into the hands of long term investors and believers in the FAIR economy.
To speed up this process, we really need volume.
The good thing about volume is that the process of moving the coins from people without faith to people with faith goes much quicker.
Therefore again, I believe we need to lower the price in GetFairCoin to create more volume.
Also with the FAIR week coming up we need buy and sell prices that match. If they are currently lower than what we would like then so be it for the moment. It will rise in the future, but for now we need to adjust accordingly is my believe.
My opinion at least
Unfortunately, we can only start growing again once all the dumpers have dumped their coins into the hands of long term investors and believers in the FAIR economy.
To speed up this process, we really need volume.
The good thing about volume is that the process of moving the coins from people without faith to people with faith goes much quicker.
Therefore again, I believe we need to lower the price in GetFairCoin to create more volume.
Also with the FAIR week coming up we need buy and sell prices that match. If they are currently lower than what we would like then so be it for the moment. It will rise in the future, but for now we need to adjust accordingly is my believe.
My opinion at least
strong hands can change to weak hands if you lower the price in getfaircoin as your wish
getfaircoin is good tool to stable the price...the market is very unstable Especially in such a low marketcap coin.
getfaircoin is not only a tool to buy faircoin. it's also a tools to guide people what the correct price of fair is(would be).and it's a tool to stable the price.
the price in bittrex is not the correct price of fair,it's can be easily Influences by a small buy or small sell.i say small that means you only need to sell 200K fair or buy 20BTC,the price would be half ,or be double.
so i dont think the price on bittrex is the correct price of fair.
I agree with you on most points, but I do think the difference currently just is too big.
With the current BTC price, 20 FAIR/ EUR would come down to a rate of almost 0.0002 BTC/ FAIR while the Bittrex price is currently 0.000075.
So I don't think we should move the GetFairCoin price with every move of Bittrex.
But if it turns out to be a more prolonged change in price, we do need to adjust the GetFairCoin price accordingly.
And if we are all honest, we would also move the GetFairCoin price up if the price on Bittrex would rise again.
So we should also do it if the opposite is the case.