Why is the price going up? We still don't have full nodes.
Full nodes pre pump, 42k ATH.  It was up over 43k. I actually looked at the sell orders and thought "thats a lot of waves that would nee dto be eaten up to get the price any higher" . That was at 40k. The buy orders chewed through it no bother at all. Price is going to go crazy once the node gets released. Gauranteed. I get the feeling this might be the last call for people to get in early. Devs must just follow through now. Seeing 24 BTC sell orders doesn't make me happy at this level.. |
|
|
|
Why is the price going up? We still don't have full nodes.
Pump, Don't get too excited yet. We've been here before in terms of the nodes are coming. |
|
|
|
Any news on M2?
Great company can't believe this happening with M2 around the corner ? Whatever or whoever has balls of steel. Double down and double again. I can't see a reason to sell into pure manipulation. How can these dumps be profitable.... |
|
|
|
Insider BUYING of Factom. From Reddit: I didn't sell any in this sell off. I bought. I don't know much about what anyone else is doing with their tokens. That said, I am certain nobody at Factom is involved in manipulating the market, and I know for a fact the company is not.
Any time I try and trade cryptocurrencies, I lose money. So I'm pretty much a holder, unless I am forced to sell. https://www.reddit.com/r/factom/comments/55dpo1/fud_in_social_media_responsible_for_recent_price/d8bl667If you have any experience in the stock market or even a drop of common sense, you will understand that this is extremely bullish for Factom. Hes lying obviously Just like Fontase did with LTC back then Dont trust someone like a sheep Someone pointed out yesterday that insider wallets are unchanged on explorer. So why would Paul Snow even make a comment if it was a lie ? He is under no obligation to tell us that. Why would he risk his credibility, with not just us, but with the company and other A series share investors. Remember insiders i.e company employees also hold 4 million in FCT. You think he's gonna betray all those people as well? Doesn't make any sense. I think LTC coin is a bad comparison. Factom is a legitimate company under U.S. laws and regulations for one. Factom raised over 30 million dollars in a U.S. regulated stock funding, that gives them 1000% more creditability than any ICO. One of Factom's customers is the Department of Homeland Security. Which I'm pretty sure like any government agency does some level of auditing before they fund anyone. Add all of this together doesn't make sense. They just got another 5 million in funding. Paul snow also has a track record of other successful ventures as well. Most criminals, liars have a history of being a criminal and a liar. I'm not saying I know 100% Paul doesn't, but looking at all the evidence i'll take his word over someone fudding on a forum with zero backup. I have an open mind, explain to me why I should believe you over Paul Snow? Just thought of another reason! If Paul wanted to sellout and was a liar, criminal type. Why wouldn't he just gin up, fabricate company news over and over and sell into it. Couldn't agree with you more  Well said! WOW.. These guys have to be getting close to their end game. |
|
|
|
Insider BUYING of Factom. From Reddit: I didn't sell any in this sell off. I bought. I don't know much about what anyone else is doing with their tokens. That said, I am certain nobody at Factom is involved in manipulating the market, and I know for a fact the company is not.
Anytime I try and trade cryptocurrencies, I lose money. So I'm pretty much a holder, unless I am forced to sell. https://www.reddit.com/r/factom/comments/55dpo1/fud_in_social_media_responsible_for_recent_price/d8bl667If you have any experience in the stock market or even a drop of common sense, you will understand that this is extremely bullish for Factom. Hes lying obviously Just like Fontase did with LTC back then Dont trust someone like a sheep Someone pointed out yesterday that insider wallets are unchanged on explorer. So why would Paul Snow even make a comment if it was a lie ? He is under no obligation to tell us that. Why would he risk his credibility, with not just us, but with the company and other A series share investors? Remember insiders i.e company employees also hold 4 million in FCT. You think he's gonna betray all those people as well? Doesn't make any sense. I think LTC coin is a bad comparison. Factom is a legitimate company under U.S. laws and regulations for one. Factom raised over 30 million dollars in a U.S. regulated stock funding, that gives them 1000% more creditability than any ICO. One of Factom's customers is the Department of Homeland Security. Which I'm pretty sure like any government agency does some level of auditing before they fund anyone. Add all of this together doesn't make sense. They just got another 5 million in funding. Paul snow also has a track record of other successful ventures as well. Most criminals, liars have a history of being a criminal and a liar. I'm not saying I know 100% Paul doesn't, but looking at all the evidence i'll take his word over someone fudding on a forum with zero backup. I have an open mind, explain to me why I should believe you over Paul Snow? Just thought of another reason! If Paul wanted to sellout and was a liar, criminal type. Why wouldn't he just gin up, or fabricate company news over and over and sell into it. I mean $6 is easily achievable or even $30 price. Why settle for crumbs when Paul could have caviar on a yacht. That just it, they are so busy you almost have to remind them to put out press. It's been said here before they only put out legit press not when it's a dev's birthday like others in crypto. However, I definitely think they should increase their news cycle. |
|
|
|
Create doubt and then talk it up on polo and dump a little repeat? Game is up.. Hogs get slaughtered. LOL it would be funny if Paul announced releasing the testnet just to burn your asses.
What is always possible in Factom is, that they publish business-news, a new partnership. I'm 100% sure Paul and Co are monitoring this situation. |
|
|
|
|
Create doubt and then talk it up on polo and dump a little repeat? Game is up.. Hogs get slaughtered. LOL it would be funny if Paul announced releasing the testnet just to burn your asses.
|
|
|
|
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.
Factom insiders selling don't go onto Polo troll box, forums, lie, fud the company they work for then dump 1000 BTC. |
|
|
|
Hype and creating doubt is one thing. Blatant fraud to achieve thisbmanipulation is a whole another set of problems. Most legal markets have protections to stop this kind of abuse. I've seen blatant fraud be put out "here", that in any other market there would criminal consequences. Make no mistake about it's still illegal in almost countries to profit from fraud. So yeah I agree in one sense and disagree in another.
Why fraud? Putting out that a company is bankrupt and saying it's verified. To profit from a short is fraud . I didn't recognize that somebody claimed that rumors like that would be verified. Would like to see how somebody would try to verify such a claim after Factoms last overfunding. But anyway, I see that all as spreading lies and rumors to make profit out of it. It's the opposite to the usual hype and speculations about prices. Not a single line is written without intention. And in this forum and in the Crypto-space (and also stock-markets etc.) in general it's about financial interest. I personally like that because even wrong infos involve a lot of true infos between the lines. I nearly never believe in what is said. I focus more on the "how" and if others will believe in something. Because it's about "others" who make the prices. That's why I prefer the crazy Crypto-world with all kinds of bullshit-communication, because it gives a ton of infos. But of course, honesty and facts are rare. Edit: I'm too slow for your edits! 
Organizing a group of people to put out dis-information that you know was false for profit. Is fraud as well. Your intent and knowing that this info isn't true and profiting from it is a crime in almost all countries. What usually gets you busted is the scale of you're actions.
You are most likely right. On stock-markets it would be most likely something that could end up in jail to do things that are usual in Crypto. But: It would be very hard to proof. I mean, I'm pretty sure that today was an orchestrated manipulation but in fact I can't be. It's also possible that somebody with a lot of Factoids was frustrated or needed money or whatever and in combination with the speculations about that mail and even more with a rising BTC-priec - dumping. I know who knows: Poloniex.. I believe they could say what happened today if they would look into actions on the market in combination with the trollbox. What? Want to see how something like this plays out. Lol Watch the movie "Wars Dogs" that's out right now in theaters. It's based on a true story. The guy was so greedy and in the end what got him busted was pissing off the smallest person in the whole thing. Even when he was warned it didn't matter. His greed got the best of him. Hogs get slaughtered. |
|
|
|
Hype and creating doubt is one thing. Blatant fraud to achieve thisbmanipulation is a whole another set of problems. Most legal markets have protections to stop this kind of abuse. I've seen blatant fraud be put out "here", that in any other market there would criminal consequences. Make no mistake about it's still illegal in almost countries to profit from fraud. So yeah I agree in one sense and disagree in another.
Why fraud? Putting out that a company is bankrupt and saying it's verified. To profit from a short is fraud . I didn't recognize that somebody claimed that rumors like that would be verified. Would like to see how somebody would try to verify such a claim after Factoms last overfunding. But anyway, I see that all as spreading lies and rumors to make profit out of it. It's the opposite to the usual hype and speculations about prices. Not a single line is written without intention. And in this forum and in the Crypto-space (and also stock-markets etc.) in general it's about financial interest. I personally like that because even wrong infos involve a lot of true infos between the lines. I nearly never believe in what is said. I focus more on the "how" and if others will believe in something. Because it's about "others" who make the prices. That's why I prefer the crazy Crypto-world with all kinds of bullshit-communication, because it gives a ton of infos. But of course, honesty and facts are rare. Organizing a group of people to put out dis-information that you know was false for profit. Is fraud as well. Your intent and knowing that this info isn't true and profiting from it is a crime in almost all countries. What usually gets you busted is the scale of your actions. If you're dumping 100+ BTC on POLO it isn't hard to find you. |
|
|
|
Hype and creating doubt is one thing. Blatant fraud to achieve thisbmanipulation is a whole another set of problems. Most legal markets have protections to stop this kind of abuse. I've seen blatant fraud be put out "here", that in any other market there would criminal consequences. Make no mistake about it's still illegal in almost countries to profit from fraud. So yeah I agree in one sense and disagree in another.
Why fraud? Putting out that a company is bankrupt and saying it's verified. To profit from a short is fraud. Organizing a group of people to put out dis-information that you know was false for profit. Is fraud as well. Your intent and knowing that this info isn't true and profiting from it is a crime in almost all countries. What usually gets you busted is the scale of you're actions. If your dumping 100+ BTC on POLO it isn't hard to find you. |
|
|
|
I took a step away from this thread for the past couple days to clear my head, (...)
Good to see you back! The Factom-community clearly needs clear heads who write against hysterical minds! ;-) Yeah one other point .. Factom does care about FCT investors. Evidenced by the CEO Paul Snow and another member coming out and posting on these forums in response to all of this on a Saturday. IMO I wouldn't doubt as they discuss this, they will be putting out more by- monthly general updates to keep everyone abreast and combat this type of minuplation. Of course they care. But usually they don't speak much about the market and they don't make marketing for the market - but they deliver. I've always seen exactly that as indication of professionalism, because I don't trust teams who show clear intentions to hype the price. But it's good that they cleared things up today for those who maybe really were concerned because of the intensity. Sorry edited.. Yeah one other point .. Factom does care about FCT investors. Evidenced by the CEO Paul Snow and another member coming out and posting on these forums in response to all of this on a Saturday. IMO I wouldn't doubt as they discuss this, they will be putting out more by- monthly general updates to keep everyone abreast and combat this type of minuplation. ** I also think they are realizing they can't treat FCT price as inconsequential to their success because they got funding by different means. FCT price is a public barometer of there success and achievements, that's just public perception . In the future they may need to leverage their factoids for funding so they must treated them as a company asset, not a by product. (...) Until now and for the next months (maybe even years) the price doesn't say much about the success of Factom since it's not finished yet. The price shows what the market believes about future potential. And not even that is completely correct because it is always manipulated (nearly all markets are). The All-time-high was without any Factom-news. Just out of enabled margin-trading on Poloniex in combination with some talking about "Vitalik Buterin bought into the Factom-ICO" which brought some attention - most likely also used to hype. Thing is: I'm pretty sure, but of course can't prove it, that the price would instantly shoot up if we all would know what they already have in the pipeline. I mean, they talk to potential customers and have to underline NDA's - if they could and would write about that, the price would surely react. But again, until now the price is just a mix of pure speculation and also manipulation. If Factom will become successful, and the chances are high in my opinion, it will reflect success. But never without hype and manipulation. That will always be part of the game. Hype and creating doubt is one thing. Blatant fraud to achieve this manipulation is a whole another set of problems. Most legal markets have protections to stop this kind of abuse. I've seen blatant fraud be put out "here", that in any other market there would be criminal consequences. Make no mistake about it's still illegal in almost countries to profit from fraud. So yeah I agree in one sense and disagree in another. |
|
|
|
I took a step away from this thread for the past couple days to clear my head, (...)
Good to see you back! The Factom-community clearly needs clear heads who write against hysterical minds! ;-) Yeah one other point .. Factom does care about FCT investors. Evidenced by the CEO Paul Snow and another member coming out and posting on these forums in response to all of this on a Saturday. IMO I wouldn't doubt as they discuss this, they will be putting out more by- monthly general updates to keep everyone abreast and combat this type of minuplation. Of course they care. But usually they don't speak much about the market and they don't make marketing for the market - but they deliver. I've always seen exactly that as indication of professionalism, because I don't trust teams who show clear intentions to hype the price. But it's good that they cleared things up today for those who maybe really were concerned because of the intensity. Sorry edited.. Yeah one other point .. Factom does care about FCT investors. Evidenced by the CEO Paul Snow and another member coming out and posting on these forums in response to all of this on a Saturday. IMO I wouldn't doubt as they discuss this, they will be putting out more by- monthly general updates to keep everyone abreast and combat this type of minuplation. ** I also think they are realizing they can't treat FCT price as inconsequential to their success because they got funding by different means. FCT price is a public barometer of their success and achievements, that's just public perception . In the future they may need to leverage their factoids for funding so they must treat them as a company asset, not a by product. Can you believe that minuplation caused FCT to lose more than 30% in a few days ? Nothing wrong with the company, no bad news. Just few people creating fear and minuplation of the price. WTF ??!! If there was ever a time to buy low! I just can't believe how successful they were at minuplating people. If you liked FCT at 50-55 there absolutely no reason you wouldn't love it now. Nothing is actually changed except perception. Perception based on nothing but manipulation. I'm just glad that we figured out what the hell was going on. Thanks Factom for clearing this up ! |
|
|
|
I took a step away from this thread for the past couple days to clear my head, (...)
Good to see you back! The Factom-community clearly needs clear heads who write against hysterical minds! ;-) Yeah one other point .. Factom does care about FCT investors. Evidenced by the CEO Paul Snow and another member coming out and posting on these forums in response to all of this on a Saturday. IMO I wouldn't doubt as they discuss this, they will be putting out more by- monthly general updates to keep everyone abreast and combat this type of minuplation. I also think they are realizing they can't treat FCT price as inconsequential to their success because they got funding by different means. FCT price is a public barometer of there success and achievements, that's just public perception . In the future they may need to leverage their factoids for funding so they must treated them as a company asset, not a by product. Can you believe that minuplation caused FCT to lose more than 30% in a few days ? Nothing wrong with the company, no bad news. Just few people creating fear and minuplation of the price. WTF ??!! If there was ever a time to buy low! I just can't believe how successful they were at minuplating people. If you liked FCT at 50-55 there absolutely no reason you wouldn't love it now. Nothing is actually changed except perception. Perception based on nothing but manipulation. I'm just glad that we figured out what the hell was going on. Thanks Factom for clearing this up ! |
|
|
|
fudders always fuds,dumper always dump, pumper always pump, me is always buy if a project is promising.
in a year time FCT will be traded around 0.1 even above
good luck everybody
Now that their minuplation game has been discovered and verified. They are now exposed to others who might want to take advantage of them as well. Anyone in crypto that makes money by these methods are paying close attention to what's going on here for sure. There's always someone bigger in the food chain looking for a meal. Pigs get fat but hogs get slaughtered, and this one is about as hog as they come. This group of manipulators are obviously very smart and have honed the system. Everyone makes mistakes though I'm sure there's somebody out there would like to make a trophy out of these guys. |
|
|
|
I think by the CEO making a public statement they weren't selling ? Like he just did ? WTF? Continue the fudding, create doubt on everything counter to your deception. The manipulation is over Paul Snow and Factom just stated 2 times they aren't behind this. The CEO and a team member here just made a public statement saying they aren't. They can be held liable if found otherwise so I pretty much take that as fact they aren't involved. You state they've only made something like 35000 from selling entry credits? I'd like to point out something here, they've sold 35000 dollars in credits while they are in beta, not even a finished product. These are real, continually paying customers? This amount grows by each new entry. They are now at 4mil and growing monthly. Real corporate and government customers. Looking at their last entry they just added more new names to that list. They've also got a total of 30 million in corporate funding and $250,000 from DHS. What other crypto has real paying customers and funding from a government agency? I can't think of any! Compare that in terms valuations. We aren't talking stocks valuations here, it's about comps, comparables, and potential. This is cryptos, early adoption, where a something like BTC or LTC can be worth hundreds of millions or a few billions without doing much. It's the potential we are invested in. Clearly with paying customers FCT deserves a higher valuation than most. We are early adopters, when the main stream hits you won't be able to purchase a fraction BTC or FCT at these levels. Manipulators only weapon is fear and doubt. Know what you're investing in and the reason why. And don't set a stop sell order, because manipulators like these are praying on you. Here's what I've noticed, any news or facts they don't like in the forums will be followed by, posters trying to bury that info. They will come on and post anything just to move that info a page or two back. They then will create a post of fear and or doubt. A few people on the polo troll box chime in playing in to it as well. Then they dump a little and repeat the process. Factom has been targeted because of a very small tradeable float. I estimate less than 4 mill tradeable outside of insiders. So how does that break down? How much out of that 4 mil does the whale own to manipulate. They also know a lot people keep their coins on polo, at least until a new wallet comes out. Almost all trading occurs on Polo. All of this allows a large group or whale to buy up and manipulate the price. So don't give them what they need, fear, doubt, stop order. |
|
|
|
It would be relatively simple and quite reassuring for factom to prove they aren't dumping their factoid holdings on the market. A lot of the long term hodlers like myself might even forgive them for this, as every business needs money. But this is never discussed. It starts to look like the factoid currency was invented as a means to fund business development, since having their own blockchain is not required for what they are trying to achieve.
If I'm wrong, please point out where. Look at my post history and you'll see I've been a loyal supporter.
Having their own blockchain is required to build a decentralized system. Factoids are required to pay those who will run it - federated server. Couldn't they pay the federated servers with btc? Since factoids are consumed, they obviously play no role in guaranteeing the integrity of the data. That role is played by whichever blockchain they choose to anchor into. Kind of confusing but i'll take a stab at it. The problem isn't so much paying Federated in BTC, it's more about real world corporations or governments not being involved with handling cryptocurrencies. That opens up a much larger market. Also creating a kind of payment system that's self-managing. Keeping entry credits pegged at a fixed price for the users, and at the same time letting the volume of those credits determine how much Federated servers get paid in Factoids. All of this while keeping an equilibrium of pegged entry credit's to factoids, and automatically burning a certain amount of inflationary factoids. |
|
|
|
It would be relatively simple and quite reassuring for factom to prove they aren't dumping their factoid holdings on the market. A lot of the long term hodlers like myself might even forgive them for this, as every business needs money. But this is never discussed. It starts to look like the factoid currency was invented as a means to fund business development, since having their own blockchain is not required for what they are trying to achieve.
If I'm wrong, please point out where. Look at my post history and you'll see I've been a loyal supporter.
They must have their own block-chain, its the only way for them to get the speed and scale necessary to process massive amounts of data, while providing a verifiable decentralised chain of custody into BTC/ETC chain. BTC chain couldn't handle what they are doing. |
|
|
|
well I'm happy I'm out of all my FCT. bought earlier this year just before the completion of the bnktothefuture deal at 0.0025 avg.
was too greedy and didn't sell over 0.006, but sold 80% at 0.0052 and just yday the balance at 0.0047...(last trade 0.00405 !)
i didn't like the price action and there were ongoing rumours of whales/insiders selling heavily around 0.0052/0.0055, thats why i gave up...
and now i see those rumours....
The reasons i invested in FCT was that 5M funding enables to have a plan for the next 2 years, and be able to focus on clients. But so far, i have to say Factom has no real clients.
I have seen no announcement such like:
"Factom is happy to announce that Company X will be publishing hashes related to its (.....) and will submit Y amount of data per year for a value of Z USD (=ZZ EC)"
as long as there no such news, Factom will stay just speculation, and if they don't find a real client (with Z being a significant number) in the next 6 months, i think they will be done, as a new product / a new competitor will emerge... because on the tech side, i don't think its rocket science.
i own the series A so i hope it goes well, but i don't own any FCT anymore. The FCT profit was more than the amount invested in series A so now i can just hope they turn into a giant company....
but reading this forum makes me think i shouldn't count too much on it after all...
Nothing has fundamentally changed with the company from a week ago except fear, this sell-off is way over done. I'm not sure what rumours you're referring to ? This whale has been dumping and pumping 100+ BTC way before the 52/55 run up. I agree that a public announcement should have been made. Brian said Paul announced this info in the last public interview ? I need something more substantial to give in here. All these negative comments timed with a dump seems a little too contrived. I'm greedy when others are fearful! Watch for the rebound to 47 + |
|
|
|
|
Show Posts
