If you couldn't get out of Factom yesterday, consider it today with minimal loses. You where all warned before the crash, this will be your second chance before it drops off the cliffs again.
Good luck.
1 Satoshi incoming...... Haha, why dont you do it with your original account. Once your trust level gets wrecked, hard to sell it or get into any sig campaigns. Anyway, the price goes up from now on so you can waste your energy as much as you want. 5500 in less then 3 weeks. Im really bullish on Factom and Maidsafe long term, but till now your hyping just as much as they are fudding. The honest analyse would be we dont know specialy not in satoshi value , ( of wich 5500 is a strange value 555k or 0.0055 i guess you mean) But it all depends on bitcoin and bitcoin in my opinion is still bullish aswell, so unless a release of m2 or news it can go 2 ways. The entry credits are not high enough to support even 100k satoshi so we can still drop a lot aswell, doesnt mean we will but its possible. Dont focus on the price now and be carefull with margin trading. |
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0.0025 hit on Poloniex as predicted.
if the weekly bearish divergence (RSI+Volume) plays fully, 0.0015 is the final destination.
I guess nobody is laughing now at my "trollish" predictions.
Nobody can predict a market like factom, thats the thing not you not me we can all just speculate. Too many factors in play. Factom have got a great future too bad they are now getting some insane margin calls, specialy for people that really like the project.But as long as M2 is clueless and nowhere it can go much and much lower. Specialy now that people buy btc and zcash. The only people buying zerocash are compulsive gamblers and the mentally infirm. But the bitcoin rise and subsequent altcoin bloodbath was widely expected to happen. What I'm most surprised (and somewhat pleased) about is the carnage for ethereum. They've had that coming for a long long time. Apologise for off topic, but what is happening with Ethereum? Did they do something wrong? I wasn't following it for a month or so. Many hardforks and DDOS attacks, What i dont understand why factom is the biggest loser today. |
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0.0025 hit on Poloniex as predicted.
if the weekly bearish divergence (RSI+Volume) plays fully, 0.0015 is the final destination.
I guess nobody is laughing now at my "trollish" predictions.
Nobody can predict a market like factom, thats the thing not you not me we can all just speculate. Too many factors in play. Factom have got a great future too bad they are now getting some insane margin calls, specialy for people that really like the project.But as long as M2 is clueless and nowhere it can go much and much lower. Specialy now that people buy btc and zcash. |
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would be great if anyone from factom team could give us a rough ETA for m2/testnet. at least if it's likely to be launched within 2016 or not.
We tryed to get that answer many times but not working. but who cares just wait till Factoids are x100 and be happy  well tbh i don't think x100 is realistic. i'm aiming for 0.016 or 0.022. tho those targets depends on when M2 will be launched. if it's not going to be released till Q1 2017 or so, i think we might see a drop to 0.002. Actually it can go to 0.016 and still be x100  I can explain why i think it's possible, first of all the entry coin price is fixed at $0.001 so 1000 entry are 1$. The inflation of the coin is 73000 each month (little less) this is also the burn rate eventually. So now we know how the rates are we can only speculate on how much is it used, and base the price on that. I will calculate it per month. 100,000,000 entry's = $ 1.369 fct (100,000,000 /1000 = 100,000 dollar / 73000 = 1.369) 1,000,000,000 entry's = $ 13.69 fct 10,000,000,000 entry's = $ 136.9 fct 100,000,000,000 entry's = $ 1369 fct So my guess is that big company's like banks, insurance even IoT will eventually use fct simply cause its easy, already made, cheaper. So my guess is that 1bn entry's will be placed on daily base. 30,000,000,000 entry's = $ 410.7 each Factoid. I know call me crazy but ones it starting to take off, people will even hype it. There are many interviews with the team and i watch almost all of them, Tiana and David both said there are company's asking us can we store a bn entry's on factom a day. (banks i guess) but no matter what they are there are more out there that wanna do the same. Cause the fact its usefull for one shows its prob. also usefull for others. But i would like to hear your views on this. The market is not hearing you, we're down through support now at 0.0037... Yea short term, not worried at all just keep stacking. aiming for 20k coins |
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would be great if anyone from factom team could give us a rough ETA for m2/testnet. at least if it's likely to be launched within 2016 or not.
We tryed to get that answer many times but not working. but who cares just wait till Factoids are x100 and be happy well tbh i don't think x100 is realistic. i'm aiming for 0.016 or 0.022. tho those targets depends on when M2 will be launched. if it's not going to be released till Q1 2017 or so, i think we might see a drop to 0.002. Actually it can go to 0.016 and still be x100 I can explain why i think it's possible, first of all the entry coin price is fixed at $0.001 so 1000 entry are 1$. The inflation of the coin is 73000 each month (little less) this is also the burn rate eventually. So now we know how the rates are we can only speculate on how much is it used, and base the price on that. I will calculate it per month. 100,000,000 entry's = $ 1.369 fct (100,000,000 /1000 = 100,000 dollar / 73000 = 1.369) 1,000,000,000 entry's = $ 13.69 fct 10,000,000,000 entry's = $ 136.9 fct 100,000,000,000 entry's = $ 1369 fct So my guess is that big company's like banks, insurance even IoT will eventually use fct simply cause its easy, already made, cheaper. So my guess is that 1bn entry's will be placed on daily base. 30,000,000,000 entry's = $ 410.7 each Factoid. I know call me crazy but ones it starting to take off, people will even hype it. There are many interviews with the team and i watch almost all of them, Tiana and David both said there are company's asking us can we store a bn entry's on factom a day. (banks i guess) but no matter what they are there are more out there that wanna do the same. Cause the fact its usefull for one shows its prob. also usefull for others. But i would like to hear your views on this. |
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would be great if anyone from factom team could give us a rough ETA for m2/testnet. at least if it's likely to be launched within 2016 or not.
We tryed to get that answer many times but not working. but who cares just wait till Factoids are x100 and be happy |
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Factom will dump hard with any good news, like always. It's almost like such amazing news come out, it's logical price would go up, so people long it, and then the manipulators dump it to liquidate the calls. I wouldn't touch margin on this coin until we can get better distro. Unfortunately the price will go wherever the big holders want it to. News does not affect Factom at all.
I take 25% of my fct holdings and use is for margin, long. Any more than that would make me uncomfortable. That way I can use leverage to my benefit without ovextending, and if there is a major pullback I have enough fct to add. Yeah I've done the same thing, though only at 15%. I'm relatively new to margin trading but one of the things I've learned so far is it's important to pay attention to BTC b/c a rise in that market eats away proportionally into your long-position gains, given that you have to repay in BTC. But good call on not overextending the leverage IMO. Either way I find it hard to believe that any BTC gains should outpace FCT over the next weeks/months, so it seems like a relatively safe bet. Not to bust your balls but the only thing that will eat away your gains is the premium attached to the margin loan, currently 11% annum, Btc. The btc to fct ratio is a non issue, that's just what you use to figure out the USD equivalent. 15% is right where you want to be. My math was off. The 20% cushion that Polo gives you is actually only 20% of your collateral, not collateral plus loan, that's where I went wrong. I thought 20% was 20% etc. Good thing I caught that. I figured heck, at 25%, I could afford losses down to 80% of current trading price which in actuality is much less. But at 15% margin , you could add fct until your losses bottomed out at 66% which is a much better and MUCH safer number i.e. Current price $2.75 down to 94 cents. And at 94 cents, buying more would be much easier. Hopefully some of that made sense. Margin trading is great if done correct, the loan rates are nothing compared to the gains you can get. |
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Thats indeed what i was wondering, cause the entry coins rise in total amount but not exponential so i wondered maybe the servers are lmited atm.
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Sorry i guess it was early,
I just ment entry's , can there already be unlimited entry's before M2 and M3 ?
The servers are runned by Factom now and do they have limitations, cause thats the idea i got when i watched a movie of david.
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Maid is designed to resist ddos attacks like this and will for sure not suffer from it
Agree I hope they get there. It would make the world a better place. Factom seems a little more transparent than MAID. Actually they are really alike, maid and factom are both honest company, but actually they both give no normal ETA. Maid is really transparent in everything except ETA's |
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Serious stuff, a state actor playing their games and testing the waters while the US in election mode.
Yeah, didn't want to say it but IMO that's likely exactly it. Incidentally I've been following MAID as well and there was a discussion over the past day about whether the SAFE Network could prevent something like this. There's no 100% certainty ATM, but it seems likely it would—i.e. that the Network wouldn't be at risk of this kind of attack. Would have to see the Network up and running though. Random MAID plug, but apropos I think ... Maid is designed to resist ddos attacks like this and will for sure not suffer from it, maid biggest concern is with big data from providers and then beeing pulled, but Factom and Maid both have a great future. They are the coins that can multiply with 10 to 100 factor if you ask me. |
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The corner is quickly approaching.
This is what is important. Brian said good stuff is just around the corner a few months ago. This means we re very close and there no doubt testnet and M2 will take place this year. Again, this is how I interpret his words, I dont think there s any other interpretation. I would be really happy with M2 also cause then finaly Exodus will add Factom, so we have a great wallet |
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You guys are unreal. It goes down, manipulation, fake walls, people suppressing the price etc. It goes up, manipulation, whales playing with the market, blah blah.
Bunch of twelve year olds in here.
Cause people give their opinion here they are twelve, really mature answer aswell. let me explain it, it's a forum people say what they like to say. Some agree some dont thats how it works. And indeed markets are beeing manipulated thats obvious, but lets ride the waves till m2 is there. |
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Thanks Brian,
With the first i ment
Is factom limited to entry coins (server limitations) before milestone 2 ?
Might run a server got some extra vps left here and there.
Thx for the reply!
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If I would buy on margin, there would have to be a pretty decent pullback. If the value drops below 20%, you get margin called. That 20% doesn't afford you a ton of wiggle room. I shorted Monero not too long ago. The damn thing was too volitale so I jumped out of it. Lesson learned.
That's true, margin can be really dangerous. However there are ways around some of the dangers. I've been all-in FCT for a month or two now, and recently got bored, moved all my holdings into Margin, and am now using that as leverage to buy more FCT. The key: I only buy about 15% worth of the holdings I've moved into Margin, so will always have more than enough collateral to avoid a margin call. I have to pay the daily fee for borrowing the additional FCT (right now about .009%), but aside from that, I believe FCT will rise sooner or later, so it's really just a matter of doubling down, with the relatively small borrowing fee tacked on. Not recommending this to anyone, just ... FYI. Im trading margin for over a year now and days like today can give you great profits, if poloniex would like to get me out of my margin then need to trow in more btc then they ever can win from me. Btw if you are long on fct you actually dont borrow the fct, you borrow btc for that so your rate should be much higher. Unless your shorting fct you can see what your lending on the lending page. |
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FOMO'ing a bit in FCT.
nowhere as much as i had before
Yes i missed the last dip below 0.0037 but i managed to catch 2 bounces, so...
No strong conviction the correction is over, still think the weekly bearish divergence is into play and see much lower prices,
but hey, i might be wrong, and in the long run i think FCT is cheap enough to put some chips in, after all, i got everything out over 0.005... so just taking a bit of that.
the latest fast daily declining trendline seems to be broken so a re-test of 0.0047 (pre-flash crash level) seems now possible to me, especially BTC is taking a breather
ready to change my mind any time.
I will never see it go below 300k sat so i opened a really small margin trade, if it gets below 300k i can buy in really big. Might see a pullback to 350 levels but thats it if you ask me. |
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I have two question to the Team about Factom. 1) Is factom limited to entry's now and in m2 compared to servers or there is no limitations ? now they have private servers and inside m2 8 public servers right ? 2) If Factom is going to write on diffrent chains aswell will this be added or Company can have a choice to pick chains And will they need more entry coins if you use btc and eth chain for example? Edit* 3) one more question , before the launch of M2 David Johnston was talking about a Public testnet on the github i find this on github at m2 Testing M2 The test team is working on the master branch, while the developers are working on the m2 branch. But because of shared repositories (some of which have some m2 changes), moving between milestone 1 code, m2s, and m2 is a bit complicated. The all.sh script is your friend. Follow these steps to get M2 setup and running for test:
Is this the public testnet or will it still be released ? Cause now my coins are still on an exchange and i would love to withdraw them to exodus wallet but they only integrate factom on M2. Kind Regards, |
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this is what l think about fct near future 0.01 sats early 2017  Yeah, right, FCT ll reach $10 by Q1 2017. You know how many coins and how many optimistic guesses of this kind I ve seen so far? Dozens. You know how many of those actually came through? Only one. ETH. Just found your chart i think drawing a trendline on the start of the exchange is wrong, no idication how much was sold there take Lisk for example has 422 btc/ 1 lisk line but that was 0.0001 btc value traded |
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Any idea what this might be? It does not sound like M2, too small announcement for something like that. I do still believe we ll have M2 some time THIS year. This might be something else related to mortgages or that Chinese smart cities initiative.
Anyway, we re at the mid of this week, let s wait and see.
I believe it will be software for customers like this: https://www.factom.com/productsBut maybe more interesting because it could show what they have in the pipeline. I doubt that they develop software without having customers in line. I would really like to see more with a focus on the mortgage-industry. If they should say "We figured that M2 is already perfect and we won't need a public-testnet, here it is!" ...would be also fine. ....but hard to believe. I would pref. something for IoT devices cause they are going to conquer the world everywere can you imagine 50 bn Iot devices starting to use factom more and more. The amount of entry coins that will follow |
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