oh yeh, you get nervous when you're in profit ? why should i be nervous ? got out everything at 0.005 on average, made extra money on this dip.
I think you're the nervous one, especially if you were a late August buyer...

LMAO, now going to enjoy life and treat myself with my profits 

taking profits...

call me douchebag, but not Factom hater. Why should I hate Factom ? i made good profits with them...and I'm still long Factom through their shares, so i'm in with Tim Draper as well.

Today's news need clarification but for me the weekly bearish divergence pattern (RSI+ volume) is still intact.
of course FCT is a very small cap and TA will have only a limited predicting power in case of uber-news like a real business deal (im not talking about funding only).

I would be very surprised if we don't go down quickly to 0.0037-0.0038 though (where i'd buy again probably)

told you bought yesterday at 0.0036 as advertised, sold here 0.00414 enjoying my profits. see my other posts...

don't care about your opinion. got a lot of followers on r/ethtrader and get thank you mails everyday from grateful people.

Regarding the filing itself, i would like the news to be officially confirmed by people from Factom. The timing is odd.
I don't remember seeing any filing announcement for the bnktothefuture Series A closing in the news
Remember we are Oct4th a Tuesday, and yesterday was the first business day of the quarter. If those filings are every quarter, this announcement could be related to the bnktothefuture filing from July.
1M would be unaccounted for though, so it may not be the right explanation, or would need some explanation.

Anyhow this is important enough that we need clarification from Factom itself.



i never BS.

already sold 0.0036 -> 0.00414
say thank you to GrossBit, timed the selloff nicely, and the dead cat bounce with high precision.
follow me more on r/ethtrader

sorry i'm a trader, when i do trading i adapt my size to the market depth. As demonstrated by how difficult it was to trade only 15BTC, with the available bid offer, you would only get more slippage trying to get bigger size. this is FCT, this is not USDJPY or the US treasury market.

the market overshot my target, i thought more about 0.0043, but anyway, we're back below that number, the MA10 is 0.045 and we got as close as we could. Logically the dead cat bounce is already over and we should go quickly go back to 0.038 and consolidate in a triangle 0.037-0.043 from here before breaking out to new lows 0.0025 seems logical, but given the weekly bearish divergence (RSI+volume), in the absence of positive news, 0.0015 would be the ultimate target. but that last number seems very very low to me as well. Thats my intuition, but ready to change my mind anytime as always.

The market rallied on the filing, i have to research a bit to see what it means exactly; I suspect its old news, and has nothing to do with new funding. The timing is a bit odd. As I said before, I would turn bullish only when there are news of actual deals with X amount of factoids sold for a 6 or 7 digit dollar-worth of FCT for a single year, so this piece of news is just adding noise i believe.

thank you for your mail
i post mainly on reddit/ethtrader, and here occasionally only. reddit/NXT is not very active.
i used to be bullish on ETC, but you know, i'm a trader, and i have a stop loss policy and i can change my mind, and i advertised a while ago i was out of ETC with very limited damage.

i'm not threatened by NXT. I was long from before the Ardor snapshot, kept the position 2 months,. lost 7% on the NXT (bought 3200K sold 2980K) position itself, but accrued 2/3 of my size in Ardor tokens, so i think i'll be ok on that  . I hope Ardor will be a big success. But i have to be realistic, the way NXT has orchestrated this operation with this MASSIVE PnD (NXT traded up x6 to over 6000K), almost back where it started, cannot be good for the credibility and the financial health of its (late) investors.

Regarding your comment about my previous career, i think i've done very very well in my career thanks god. If you ask me why i retired, i would compare myself to professional sports players. When you reach some age, you get tired of all your efforts, you're not as performant, your motivation goes also down because you've already earned all that money and that extra bonus isn't going to make you as happy as the new guy, and you start running less and less fast anyway. Its a very demanding job, emotionally and mentally. Some stay longer in the game, but i reached my own limits. I was not in the Top Champions League Club like Goldman or Citadel, but i was still playing in some very good teams and had a few good years :-)...

and I personally am convinced all this experience is an extra edge to play those markets. As opposed to FX markets or equity markets which are much more competitive because many more good pros together with armies of bots look at it everysecond

i bought 15 BTC one shot. Actually there was an order to sell 27 BTC on screen. Earlier today i wanted to buy at the same level, but there was no liquidity to execute, i would have had to pay up to 0.00366 to get everything done when the market was trading 0.00356 last. As soon as i lifted the offer, the rest disappeared, i don't know if someone else took the balance, or if it was sold to market, or just went offline.

the market is ticking lower again.

liquidity is poor, if someone sells 50 or 100 BTC, the market will be crushed again

absolutely not, as i said before, i post mainly on reddit with the same nickname, and if you look at my reddit post history i've been supporting FCT for quite some time. but i've advertised my exit as well.
i'm just a trader, and not only FCT focused. You will find most of my comments on r/ethtrader but i post in other subs as well occasionally, including r/factom

consistently with my previous posts, i am buying now (small trading size) at 0.0036 for a short term tactical play as i believe the short term range would be 0.0035-0.0043, and we're towards the bottom end of that range.
However if/when the top end resists as i expect, we will slide down to lower lows.

Of course, i may change my mind anytime, basically what would change my mind is, as i said before, some announcement that some company is buying 6 or 7 digit number of $ worth of FCT for its business needs.
I think we are waiting for that

who is still owning NXT ?

this coin is falling like a stone, its quite impressive...

there is no large market manipulation. the only manipulation i can think about is stop-hunting front-running activity, but it just accelerates what would have been happening anyway sooner or later.

If you think the price is too low , for whatever reason (manipulation included) shut up and buy, and if enough people think like you, the price will go up again.

The price is down because people sold, that may include probably early longs who sold probably on the way up as well on the way down,
and some margin longs established at too high levels. When the marginal buyer becomes the marginal seller, you have price reversals. Its really simple.

Paul Snow said he didn't sell in the last leg and bought instead, but he didn't disclose how much he FCT he owned from the start, how much if he owns now, and how much, if any he sold above 0.005.
Also, he's speaking in his own name, other (larger) insiders may have sold, the Factom Foundation may have sold as well. It doesn't matter who sold and why they did anyway.
Buy if you think its going up again.

I think the risk is for much further downside alas

oh yeh look at my reddit post, same nickname, posting since Dec2015. with plenty of good calls. called to exit when not to late in ETH just after TheDAO, called that ETH dump would signal BTC top as well, called the ETH bounce from 7 EUR well before it hit this price, went long FCT in July just as they closed their A-shares sale (bought some there as well). I also disclosed when it went up to 0.004 and above that i was still bullish but didn't recommend to buy at those prices, and also disclosed when i sold my FCT.

for example for my well timed sale, one day before the big dump:
https://www.reddit.com/r/factom/comments/552d1v/price_in_stress_mode/

In recent weeks, called the dump on XMR from 0.021 and on NXT from 3100 sats. Follow me there and check my history, my miss rate is more like 10-15%... LOL....

Proof of my position on FCT:
http://hpics.li/fccc3a0

I am trader with 20 years experience in a investment bank and i used to managed billions. Sorry guys, thats the game, its like poker. If I sit in a poker table with pros, i know I will lose, so i avoid playing poker. It takes time to learn trading properly. it takes time to learn poker as well. there's no easy get-rich scheme which isn't criminal. FCT or Factom is a risky investment. For those who still don't understand how markets work, i suggest buying and reading some books on Amazon and educate yourselves a minimum.

Otherwise, I think exactly the contrary that you do.
I think FCT has fantastic sentiment and terrible fundamentals technicals. Everyone here and his dog is bullish in front of the evidence: the price was already in a downtrend since hitting the second time over 0.006, there was a downtrend channel, and things went loose when we broke the neckline 0.0047 which held for a week before the second push up to over 0.006. Thats where all recent leveraged longs put most of their buys on the way up, stops on the way down...

As for the fundamentals, i like Factom as a company, i'm already invested in it through the shares, i'm not changing my opinion on them. I think they have a very special proposition and a legit company. But like most startups they don't have any revenue now at all, they are burning cash at a high rate, and 90% of startups fail. I hope i picked one of the 10% remaining, and wish they grow into a multi billion usd company . But you don't build Rome in one day, and speculative shares don't go up straight x6 every 3 months. We're still up x3 from June. Unfortunately i see more short term downside potential and i am happy to sit away from the market for the time being.

Of course i may change my mind anytime, and if i FOMO back at 0.0045 or even higher, its not the first time i do such thing...

If you don't wanna listen to a pro advice, up to you... those who have been following me thank me regularly. Of course, i make mistakes and bad calls, and i also post about those and take my losses when they happen. Only bad traders (cause they never cut and hold down to 0) and Bernie Madoff have 100% success rate.

Poloniex operates like a bucket shop.

they look at the stop orders, they know where and how much they will be triggered.
Don't leave a stop order at Polo; set a price alarm and execute manually yourself.

That being said, it doesn't change the technical outlook for FCT is dire

Look at the weekly chart, its a textbook bearish divergence (RSI + volume). Usually i see retracement down to the 2D Lower Bollinger band value when the signal appeared , which is as low as 0.0015 !!!

i just hope TA is wrong, but i don't want to be playing knife-catching for sure right now

You've got the answer above guys:

CEO says Factom doesn't profit from FCT rise, and thats bad, because i would like have Factom to have made some needed $$$$ from that rise to fund their business

Instead, dixit Paul Snow:
"Almost all of us hold FCT personally"

and now you have all the info about who sold. When you're long from Day 1 and the stuff you own is worth couple of hundred thousands or even millions, and you have a wife screaming everyday she wants to live in a bigger and better place, well you sell, its as simple as that. you have also to add all the speculators who bought around 0.002-0.0025...and thats where you find sellers.

those who bought at 0.005 and above are the bagholders and (bad) speculators. The sellers there were the early buyers, thats how pyramids, ponzi schemes coins work...

When FCT is really used, it will rise in value.

Also yes, as someone said earlier, if Factom does not make a profit, i will lose 100% on my A-shares. So I WANT Factom to succeed.
However in the short term, even if i can see a short term bounce to 0.042-0.044 i think it will trade down even more with so many traders butt-hurt, and no sight of good news (=actual business deals) yet. Those who bought too high will have to wait quite some time to see their price again, thats how that crypto game works in any coin.

how about ISPL and SWARM ?

thats exactly what i thought.

so my math is correct, there are only 3,500,000 entries on the Factom blockchain. The EC being worth 0.001$ they sold so far 3,500$ worth of Factoids...

Unless real clients use Factom, the value of FCT is in the tens of thousands of dollars, no in the tens of millions.

its definitely a scam, open your eyes.

all the information is there

why they do it ? for the money !!!
nobody has seen Jawad, maybe he doesn't even exist.

please file as soon as possible a report at actionfraud.co.uk

this is the message from David Johnston dated Aug 30th:
Factom Supporters,

Thanks again for all your support of Factom, Inc. and its mission to make the world more honest and transparent.

Here below is the latest update on our progress and a bit of a preview of goals for August / September.

 

Factom, Inc. Summary:

Signed Department of Homeland Security (DHS) as a customer. Factom’s team is actively delivering milestones on this project.
Factom adds finance and banking dream team members. Including Former Federal Reserve financial markets expert & bank executive joins the Factom, Inc. Board of Directors and subject matter experts join Factom in our target industry.
In Tokyo, I announced the Factom integration with Smartcontract.com that allows Factom data to trigger Ethereum smart contracts.
 

Quick Factom Network Stats:

55,000,000 records published and verifiable

3,500,000 entries made into the Factom network

51,000 anchors into the blockchain


ok, someone please explain me, the difference between a record and an entry into the Factom network.
I think the EC rate of $0.001 applies to the 3,500,000 and not to the 55,000,000 figure

even if i took your 66,000,000 figure, times $0.001 thats a cumulated 66,000 USD !!!! Certainly not the kind of figure that justifies the current valuation.
Its all speculation man

Don't shoot the messenger, i'm telling the truth.
And I'm not a newbie, i've posted regularly on Reddit, i was very bullish Factom, but when it was trading at 0.0025, not when it was trading at 0.005... and i'm a trader, i know when to enter and exit markets, sorry for you if you don't have that skill.

DISCLOSURE: I own Factom A-shares, bought on BNKTOTHEFUTURE. So i am hoping very much that they will be a successful venture. I certainly hope to hear good news. In the meanwhile, if you ask me where FCT is heading in the short term, i think it's capped around 0.0042 and the market will go to maximum pain, down to 0.0025 but in a more quiet fashion. with several fake rallies in between.

the value of a blockchain is not defined by the size of its GitHub.

I wanna see clients buying Factoids. I want Factom to say
"Company X promised to publish hashes regarding its (...) in Y amounts of data every year, and will be buying Z USD worth of entry credits."

We don't see any such announcements, because they don't exist.
All i see is that according to FACTOM CEO's himself, is that there are 3,500,000 cumulated entries in Factom,
and if my math is correct, you need 3,500,000 EC at $0.001 a piece, and they earnt a formidable 35,000 USD with that...

They'd better to find clients quick, else, people will start to think that after all, Factoids are way too expensive.

Actually the only profit that FACTOM ever made, probably was by dumping as much FCT they could on both the way up to 0.0065 and then down to here....

yes a huge margin call, but you know, the market has printed here in MASSIVE volume. shorts are taking their profits. longs who bought at 0.00500 and above are crying, the market is broken. it will not bounce from here, we all wish it, but all we can expect is a dead cat bounce up to maybe 0.0042 and then its down to 0.0025....

Yes probably there has been some big players playing FCT on the short side, and they managed to push down the market to its pain level and trigger stop loss activity.

Longs are destroyed, probably today, shorts are taking a lot of their profits today, and the market will continue to slide down at a more gentle pace to where the steep rise began...

With M2 out, there is no short term speculative story to be told in FCT.

It may be "relatively" undervalued, but thats just a perception and market positioning is crucial in making trading decisions.

FCT will rise IF/WHEN they find clients who spend $$$$ to use the Factom Blockchain, as simple as that. IF and WHEN it happens, be sure that FCT will be much higher than we've seen this year. If it doesn't happen quickly, then FCT will die...because a new player will emerge. Factom has only the first time mover advantage for them. Don't they waste it please.

To be honest, i didn't think 1 month ago we would see today's price. Fortunately i have a stop-profit/loss policy and exited in time...