Who is selling? Whoever believes that the risk of a falling price is higher than the chance that it goes up. Thing is: Many are not aware about what will come but short-term-reacting on the Bitcoin-rollercoaster. I believe that's a mistake, because M2 will be fully released within days, maybe just hours:
If so, why not a pre pump of all the insiders like last time? And isn't the release already priced in ? I think a lot of investors are put off by those insider traders which happens quite often in factom compared to other coins. Last time it was quite obvious. Nobody knew the exact time and it was speculated for month when M2 will be released but they pumped it really in time, so this must have been insiders. And news selling is always insider if the news wasn't fully expected at this time. Actually this is a really big downer for me. I think Factom in general is great, but this is just annoying and sucks. Price manipulation is not necessarily done by Insiders. And the price is manipulated since many many months. In my opinion it really started with enabled Margin Trading on Polo (Spring 2016 - march I believe). It also didn't need Insider-Infos to expect that they would start with M2. And before all: If you look at the chart in $ it doesn't even look that un-natural:  But, like said: It's manipulated of course. But I also believe that there was accumulation and not a pump yet. Plus: Since many never felt good with the wallet, there is too much on the exchanges. That is likely to change with the new wallet and especially once exodus will have finished the implementation (February). Another plus: It never took too long that Factom released good news on the business-front. I would make a bet that 2017 will bring us some nice surprises. Conclusion: It's all good in my opinion! |
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Very interesting project! But I have to read more about it.
A noob-question: This new Algo DAG (directed acyclic graph). I've heard of it but didn't do research about it until now. I begin to understand that advantages. But what are the disadvantages in comparison to Blockchains?
And another question, most likely asked before somewhere: How many rounds of distribution will there be?
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Some newbie push comments lately ?
Rather bearish sign actually.
Who is selling this coin btw ?
Inflation is not there yet, is it ? So there are no "miners" who are gonna sell regardless
No mining until M3 which can be expected in about 12 months or so. Who is selling? Whoever believes that the risk of a falling price is higher than the chance that it goes up. Thing is: Many are not aware about what will come but short-term-reacting on the Bitcoin-rollercoaster. I believe that's a mistake, because M2 will be fully released within days, maybe just hours: Eight Federated Servers - Increased censorship resistance and globally distributed.
Eight Auditing Servers - 8 new auditing servers supporting the network.
Confirmations In Seconds Instead of Minutes - 600X improvement
More Transactions Per Second - 5X improvement.
Merkle Proofs More Accessible - Proof of Existence made easy with the factomd API.
Distributed Peer to Peer Network - Resistant to denial of service type attacks.
Graphic Control Panel For Nodes - Easily see the activities of the Factom network.
BIP 44 Wallet Support - Factoids can now be integrated into a wider range of wallets.
Robust Testing Infrastructure - New public test net and suite of testing tools.
Support For Multiple Blockchains - Bitcoin and Ethereum network.- See more at: https://www.factom.com/blog/factom-federation-release#sthash.qcGR114A.dpufPlus new wallet: https://docs.factom.comBitcoin can rise wherever it wants, I won't sell this any time soon.  |
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The only thing I don't get is why ETH and Monero spiked up during BTC rally.
It weren't only ETH and XMR but a lot of other Alts. And it's logical. Let's say you hold Bitcoins and the price goes up, higher and higher and sharper. It seems like overheating and you begin to believe that it will correct soon or even crash. What would you do? Selling for Fiat maybe. Or investing in Alts. People often believe that events move markets, but that's to simple. Anticipation of events move markets, or with other words: Not what happens, but what people believe will happen is crucial. |
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What factom news is coming in the immediate future? Obviously factom has a great future, but news drives the price, so it's helpful for predictions.
Next will be that M2 is implemented and running and they will release the new wallet for us etc. --> https://docs.factom.com Deposits are still disabled but I believe it will be finished soon. |
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Lykke CEO and OANDA Co-Founder joins SolarCoin advisory board.
Richard Olsen, Lead at the Swiss Lykke’s Exchange Platform is joining the SolarCoin foundation advisory board. Richard brings exceptional skills in the Finance and Trading world as well as an important network of global connections to the SolarCoin Foundation. The SolarCoin Mission will strongly benefit from Richard’s experience and advice.
Richard has been working in finance for over 30years and is the co-founder of the financial platform OANDA
(...)
https://solarcoin.org/en/lykke-ceo-and-oanda-co-founder-joins-solarcoin-advisory-board/
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Lykke is one of ten startups nominated for the Swiss Fintech Awards: The Top ten startups to participate in the Swiss Fintech Awards 2017 have been nominated. They will participate in the fintech boot camp by Accenture and pitch at the speed dating event before all jury members and members of the awards supporters club.
(...)
Lykke: Blockchain startup offering a platform that allows anyone to buy and sell digital currencieshttp://www.startupticker.ch/en/news/january-2017/ten-startups-nominated-for-the-swiss-fintech-awards |
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Btw: I'm also not too happy with the direction we've seen since the ICO. I hoped for better communication and a decent Mac-wallet etc. But: When I look back and ask myself what was a game-changer for me, the answer is clearly Factom. And between September and October 2015 the price of FCT went down to 0.0002. ICO-price was 0.0005. The first months there was no wallet that worked for me and all over 2016 people were complaining about the wallet they've pushed out - they still are. In the meantime the team showed what they are able to do on the development- and business-front and the price is at 0.0033 now. In Dollar it's even more impressive. Why do I mention Factom? Because I see some similarities. And what I really like and always focus on, even if not a coder: Constant updates on github: https://github.com/antshares Last one is 33 minutes ago. So, they are working on it. Second point is: Yes, the price sucks. But that's not only a result of uncertainty about the project, it's more a result of the rising Bitcoin-price. Plus: Those who are still sitting on their ICO-ANS can collect Antcoins - and it can be expected that they are not worthless. Conclusion: This needs some patience but I'm still optimistic that it will pay out, maybe like Factom did and does. |
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Yeah, with 300 - 400 daily BTC volume in Polo, it will be the exchange leader in pricing. No more Chinese manipulating the price at will. ANS should be at least the same marketcap as Factom.
this project will not prosper and i will betting on that. it's not bashing, it's an observation. Conclusion out of observation but with zero arguments. That's an argument for my doubts that it's an "observation". ;-) |
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thanks for the answers. my question just was, where these 73k factoids a month are coming from. are they being mined each month, premined or just created? just curious ..
After M3 Factom will be fully decentralized and run on federated servers which will be elected and rotate. The 73k Factoids are payment for those servers. Edit: Until M3, which can be expected in 1 year or so, no Factoids will be created. That's why the supply is decreasing - through Factoid-to-Entry-Credit-conversion --> "burns" Factoids. |
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My prediction of July:
(...) Use this feedback to think about it. Money won't be a compensation for the pressure you will earn if you go on with that. Disappointed Investors are much worse than I am here. (...)
(...)
And sure, there are enough naive and unexperienced guys and even more gamblers to send you money. You will learn that money can be pressure. It creates very intense identifications over a long time. And I'm not speaking just of Scams. It doesn't matter what you plan. You will find out that I'm not guessing.
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Great campaign, may be a hackthon will attract mpre genius developers, by the way, where can we buy lykke expect from your own exchange? Can we get dividends from lykke? And how often can we get the dividends? Pay in what currencies? Right now there is no other way to buy LKK somewhere else. It needs the App that can be downloaded here: https://www.lykke.comAnd yes, once the Company makes profit there will be decisions if to reinvest or to pay dividends or both. I don't know when that will become actual but some expect Lykke to become profitable in 2018. In what currencies dividends will be paid out I don't know. Possibilities would be pretty much endless since nearly all currencies will be available and dividends would be paid out over the blockchain. |
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I really like the news ... keep'em coming  i have some questions regarding the possible price of Lykke coins: If I understand it correctly, the coins are attached/tied to Lykke shares. 100 coins represent one share of the Lykke Corp. As the coin price is currently roughly around 0.05 $, that means a share of the company is 5$ ... so in return, if we would wish the price of a coin to reach 1$ it would mean the price for Lykke shares need to reach 100$, right? Isn't the current price already high regarding where the company is right now, or is that a realistic number? Am I missing something? Are the prices for shares and coins tied or can they develop independently? How does it work? Thanks! Last question first: Coins and shares are tied like you say - 100 LKK = 1 Company share. And of course, the price of 1 share is dependent on the price of the "Coin" which can be thought of like a combination of currency and share with all pro's of both but no con's in my opinion. About the valuation: Unfortunately I don't remember it was said, maybe on slack: The valuation of the company was measured professional. They didn't chose it like "flipping coins" ;-) , but in the end the market will make the decision. My own opinion bout it's valuation is: First I was critical about it myself, as an Investor (still readable on this thread), because I thought it may be too high. But the more I looked into it and compared it to other projects, the more I came to the opinion that it's fair, because of the great fundamentals and in comparison to other projects Lykke already has a lot to show, has pushed out an already working product and what also needs to be considered is the great team behind and what they are able to do not only on the development/coding-front but also the tons of experience they have about all other aspects. Richard Olsen already founded a very successful company ( https://www.oanda.com) and Lykke has even more potential. And it's not only Richard Olsen, but also many others with deep expertise in their fields. There is much more happening behind the curtain than is visible and also more than I know (and can understand) personally. It's not easy to keep track, but safe to say is that it won't be boring. If we take a look only on the news of the last 2 months: Lykke Exchange is now Licensed to Provide Financial Services in Asian and African Countries https://lykke.com/city/blog/2016-11-16/vanuatuLykke Corp is applying for licenses in Cyprus, the United Kingdom, Switzerland, Japan, and the US to provide broker services. http://www.financemagnates.com/cryptocurrency/exchange/lykke-blockchain-exchange-granted-financial-license-in-vanuatu/Lykke Unveils Lykke Streams Collaboration Platform https://lykke.com/city/blog/2016-11-22/lykke_streamsLykke Integrates SolarCoin into Global Marketplace https://lykke.com/city/blog/2016-12-16/solarcoinLykke has opened its UK office in the City of London and hired Demetrios Zamboglou to lead it https://lykke.com/city/blog/2016-12-21/demetrios_zamboglouLykke Joins the Hyperledger Project https://lykke.com/city/blog/2016-12-29/lykke_to_join_the_hyperledger_projectRichard Olsen is the Forex Person of the Year 2016 http://about.fxstreet.com/richard-olsen-forex-person-year-2016/And that are only the bigger news. And the development-front also never stands still: https://github.com/LykkeCityI've already seen a demonstration of the next App with margin trading etc, and it will be awesome! ;-) What I want to say with all that: I even believe Lykke is worth more than the current valuation, especially in comparison to other projects that are often only Coins or with tokens that don't necessarily need value. What I expect is that once Lykke is fully regulated in the USA and has implemented all the features to be attractive also for Forex-traders, it will become hard to ignore it. Even if hard to believe: Lykke has the potential to become the major player not only in the field of Crypto-exchanges. thanks for the detailed answer tempus. the reasons why I got interested and invested, are the same reasons you just named. the team is incredible as far as I can see and I'm sure they have a significant chance in succeeding with their goals. somehow, Lykke reminds me a bit of Factom (which u r invested yourself aswell as i reckon ) because they found a way to give their tokens more "meaning" - I'm sure you know what I'm tryin to say here. But unlike Factom, where a significant rise could easily happen within a year, I believe that Lykkes approach, turns it into something far more longterm und maybe even more unlikely for Lykke shares to reach something like 250$ ... making a coin 2.5$ as Factom is roughly about. Are the Lykke shares supposed to be traded on regular stockexchanges or will their price always be determined by the coinprice? Yes, the comparison with Factom is an interesting one! Not that much because of the use-case but I also believe to see some similarities. When I've found Factom it was totally under the radar, nobody seemed to care about (speaking especially of Oct-Dec 2015). But those who looked a deeper already could see the potential and how professional the team is. What's also kind of similar: Both projects are a very good combination of business but also idealism. And both are very good in lowering the barriers for potential customers/users. Regarding future price-potential and how fast the price can develop, I believe both projects are in a different situation, mainly because of one point: Factom is more a background-system and also it's customers are not that much guys like we are. That may change with applications on top of factom "for everybody", but Factom itself will always stay a system running in the background. Lykke has much more potential to get a lot of attention, to go viral, and I have no doubt that will happen. Right now the project is somehow between already usable and also already userfriendly on one side but not very known on the other - and regulations in the USA are yet to come and a lot of features plus desktop interface etc. But over the next 6-12 months there will be big releases and endless improvements. At one point I expect a real user-explosion. And that would also drive the LKK-price because in the end it could turn out as a much better investment and store of value than Bitcoin for example. If Lykke-shares will be traded on stock-exchanges is an interesting question. I don't know tbh. Could be possible somewhere in the future. But since 100 Lykke-Coins entitle to claim Lykke-shares the prices will always be related. And maybe we will see a future first that regular stock-exchanges also run on blockchains. I believe that will happen in the next few years. |
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What I say here:
I've already seen a demonstration of the next App with margin trading etc, and it will be awesome! ;-)
...Dev's allowed me to share the demo-video that was actually on private. Quoting Mihail Nikulin: "Just keep in mind that this is a draft only that could be changed. Also all values on video are random."
This is how the navigation menu will look like, including margin trading: https://youtu.be/3cOYMJjgOV0 |
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I really like the news ... keep'em coming i have some questions regarding the possible price of Lykke coins: If I understand it correctly, the coins are attached/tied to Lykke shares. 100 coins represent one share of the Lykke Corp. As the coin price is currently roughly around 0.05 $, that means a share of the company is 5$ ... so in return, if we would wish the price of a coin to reach 1$ it would mean the price for Lykke shares need to reach 100$, right? Isn't the current price already high regarding where the company is right now, or is that a realistic number? Am I missing something? Are the prices for shares and coins tied or can they develop independently? How does it work? Thanks! Last question first: Coins and shares are tied like you say - 100 LKK = 1 Company share. And of course, the price of 1 share is dependent on the price of the "Coin" which can be thought of like a combination of currency and share with all pro's of both but no con's in my opinion. About the valuation: Unfortunately I don't remember it was said, maybe on slack: The valuation of the company was measured professional. They didn't chose it like "flipping coins" ;-) , but in the end the market will make the decision. My own opinion bout it's valuation is: First I was critical about it myself, as an Investor (still readable on this thread), because I thought it may be too high. But the more I looked into it and compared it to other projects, the more I came to the opinion that it's fair, because of the great fundamentals and in comparison to other projects Lykke already has a lot to show, has pushed out an already working product and what also needs to be considered is the great team behind and what they are able to do not only on the development/coding-front but also the tons of experience they have about all other aspects. Richard Olsen already founded a very successful company ( https://www.oanda.com) and Lykke has even more potential. And it's not only Richard Olsen, but also many others with deep expertise in their fields. There is much more happening behind the curtain than is visible and also more than I know (and can understand) personally. It's not easy to keep track, but safe to say is that it won't be boring. If we take a look only on the news of the last 2 months: Lykke Exchange is now Licensed to Provide Financial Services in Asian and African Countries https://lykke.com/city/blog/2016-11-16/vanuatuLykke Corp is applying for licenses in Cyprus, the United Kingdom, Switzerland, Japan, and the US to provide broker services. http://www.financemagnates.com/cryptocurrency/exchange/lykke-blockchain-exchange-granted-financial-license-in-vanuatu/Lykke Unveils Lykke Streams Collaboration Platform https://lykke.com/city/blog/2016-11-22/lykke_streamsLykke Integrates SolarCoin into Global Marketplace https://lykke.com/city/blog/2016-12-16/solarcoinLykke has opened its UK office in the City of London and hired Demetrios Zamboglou to lead it https://lykke.com/city/blog/2016-12-21/demetrios_zamboglouLykke Joins the Hyperledger Project https://lykke.com/city/blog/2016-12-29/lykke_to_join_the_hyperledger_projectRichard Olsen is the Forex Person of the Year 2016 http://about.fxstreet.com/richard-olsen-forex-person-year-2016/And that are only the bigger news. And the development-front also never stands still: https://github.com/LykkeCityI've already seen a demonstration of the next App with margin trading etc, and it will be awesome! ;-) What I want to say with all that: I even believe Lykke is worth more than the current valuation, especially in comparison to other projects that are often only Coins or with tokens that don't necessarily need value. What I expect is that once Lykke is fully regulated in the USA and has implemented all the features to be attractive also for Forex-traders, it will become hard to ignore it. Even if hard to believe: Lykke has the potential to become the major player not only in the field of Crypto-exchanges. |
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Another nice article about Lykke-CEO Richard Olsen: A Driving Force Behind Blockchain Technology: FXStreet Names Forex Person of the Year(...) Mr. Olsen is a household name in the industry, having effectively engineered a blockchain-based peer-to-peer (P2P) zero-commission trading platform at Lykke, a Swiss fintech startup he had helped found back in 2014. This breakthrough will go a long way towards helping advance blockchain technology moving forward, a feat that has earned him the admiration of his peers. (...) http://www.tradebuddy.online/a-driving-force-behind-blockchain-technology-fxstreet-names-forex-person-of-the-year/ |
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