[ANN] FACTOM - Introducing Honesty to Record-Keeping

[Azael]

That theory doesn't make much sense, as if you buy back 500 bitcoin now it will take the price well beyond where he/she sold it for. I think its just someone who bought a lot in the 20's and now is taking profit. The 700btc dump took place at a similar level. Anyway, I'm hoping for some news on factom's birthday tomorrow....

They are selling a tremendous amount of coins to themselves on the way down.

It's pretty simple really.  Well, it's more complicated than this, but this is the basics of it.

1.  How many coins (X) to dump the price to (Y).
2.  How many of those buy orders are mine.
3.  Difference between price to dump to (Y) and how many of those coins are mine is how many coins you expect to lose by dumping (A).
4.  How many coins will be sold via stop order or panic that you can gobble up (Z).

If Z > A dump away.

This is all fine in theory but the last part, number 4, does not work anymore. No panic for him to capitalize this dump by buying more coins then he had prior to the dump. This tell us a lot what the market expects. We ll go over 6 and stay there by the end of this week. Maybe even 7.

The easiest explanation is usually the correct one. Simply somebody cashing in on their investment or holdings.

Who? Most likely Factom as they probably still own the most coins of any sole actor. And they are not speculators so they do not think like one which would explain the irrational method of selling. That's my theory.

[Azael]

That theory doesn't make much sense, as if you buy back 500 bitcoin now it will take the price well beyond where he/she sold it for. I think its just someone who bought a lot in the 20's and now is taking profit. The 700btc dump took place at a similar level. Anyway, I'm hoping for some news on factom's birthday tomorrow....

They are selling a tremendous amount of coins to themselves on the way down.

It's pretty simple really.  Well, it's more complicated than this, but this is the basics of it.

1.  How many coins (X) to dump the price to (Y).
2.  How many of those buy orders are mine.
3.  Difference between price to dump to (Y) and how many of those coins are mine is how many coins you expect to lose by dumping (A).
4.  How many coins will be sold via stop order or panic that you can gobble up (Z).

If Z > A dump away.

This is all fine in theory but the last part, number 4, does not work anymore. No panic for him to capitalize this dump by buying more coins then he had prior to the dump. This tell us a lot what the market expects. We ll go over 6 and stay there by the end of this week. Maybe even 7.

I think you'd be surprised how many people set stops or over-extend themselves on margin.

So you imply you've had the chance to look at Poloniexs back-end? Please share your findings. That would be a traders holy grail.

[MyFarm]

That theory doesn't make much sense, as if you buy back 500 bitcoin now it will take the price well beyond where he/she sold it for. I think its just someone who bought a lot in the 20's and now is taking profit. The 700btc dump took place at a similar level. Anyway, I'm hoping for some news on factom's birthday tomorrow....

They are selling a tremendous amount of coins to themselves on the way down.

It's pretty simple really.  Well, it's more complicated than this, but this is the basics of it.

1.  How many coins (X) to dump the price to (Y).
2.  How many of those buy orders are mine.
3.  Difference between price to dump to (Y) and how many of those coins are mine is how many coins you expect to lose by dumping (A).
4.  How many coins will be sold via stop order or panic that you can gobble up (Z).

If Z > A dump away.

This is all fine in theory but the last part, number 4, does not work anymore. No panic for him to capitalize this dump by buying more coins then he had prior to the dump. This tell us a lot what the market expects. We ll go over 6 and stay there by the end of this week. Maybe even 7.

I think you'd be surprised how many people set stops or over-extend themselves on margin.

So you imply you've had the chance to look at Poloniexs back-end? Please share your findings. That would be a traders holy grail.

Nah.  But I've sure figured out how to profit from the dumps and to determine when they are likely to happen.

[nowhere man]

I understand that if you trigger margin calls on factom longs then that could be a profitable way to dump. But that is a risk in itself. And a big one too. Clearly the dump failed if the intention was to crash the price for longer than an hour or so. I still remain convinced its someone taking profit who bought in the tens, twenties, thirties and forties.

[Fuyuki_Wataru]

That theory doesn't make much sense, as if you buy back 500 bitcoin now it will take the price well beyond where he/she sold it for. I think its just someone who bought a lot in the 20's and now is taking profit. The 700btc dump took place at a similar level. Anyway, I'm hoping for some news on factom's birthday tomorrow....

They are selling a tremendous amount of coins to themselves on the way down.

It's pretty simple really.  Well, it's more complicated than this, but this is the basics of it.

1.  How many coins (X) to dump the price to (Y).
2.  How many of those buy orders are mine.
3.  Difference between price to dump to (Y) and how many of those coins are mine is how many coins you expect to lose by dumping (A).
4.  How many coins will be sold via stop order or panic that you can gobble up (Z).

If Z > A dump away.

Thank you for taking your time to explain it. It sums it up well.


Someone with the capability to invest with large amounts of money should be capable of knowing that when they dump a large order on the market, it will cut in their profits as well. Selling a big chunk in one load will lower the entire price, which means you will also get less for the coins that you are selling. Therefor you sell it slowly in small chunks.

This wasn't the case, this person tried to cause panic and sold everything at once. This decision led to the seller missing out on a few thousand dollars, because if they slowly sold their coins, they would have received a higher price for their coins. But instead he had the chance to try and start a panic reaction on the market, which didn't seem to happen.

[CocoLibre]

Do you guys margin trade on polo? You can close your entire position via a market order, these flash dumps are likely a margin long closing out via market and is taking out stops along with it. FCT float is small and orderbook at times can thin out, anyone with 20k+ long closing out on margin will cause that type of move.

[ardia]

Do you guys margin trade on polo? You can close your entire position via a market order, these flash dumps are likely a margin long closing out via market and is taking out stops along with it. FCT float is small and orderbook at times can thin out, anyone with 20k+ long closing out on margin will cause that type of move.

Seems like a silly thing to do vs selling a bit at a time so as not to affect the price you are getting as much.

[accripteau]

Do you guys margin trade on polo? You can close your entire position via a market order, these flash dumps are likely a margin long closing out via market and is taking out stops along with it. FCT float is small and orderbook at times can thin out, anyone with 20k+ long closing out on margin will cause that type of move.

Seems like a silly thing to do vs selling a bit at a time so as not to affect the price you are getting as much.

I think that's what CocoLibre is getting at. People unaware it's possible to sell a little at a time. You're given the option of 'close' which closes the entire position, but it's not clear that making a new short sell order achieves the same thing in custom amounts. I was unaware of this until a few weeks ago.

[nowhere man]

I'm aware of this - but the original post was implying someone was 'running the stops'. That's possibly what happened, but I'm not so sure myself. I figured it was just some profit taking followed by a run on some stops - but maybe it was the dumper who bought back. The price certainly did just float straight back up after all. I suppose we'll never know.

[ardia]

I'm aware of this - but the original post was implying someone was 'running the stops'. That's possibly what happened, but I'm not so sure myself. I figured it was just some profit taking followed by a run on some stops - but maybe it was the dumper who bought back. The price certainly did just float straight back up after all. I suppose we'll never know.

*Mumbles something about recording data on immutable blockchains*

[crazyivan]

So, its Sep 1. Any news? Hints? Ideas?

[myriadforce]

So, its Sep 1. Any news? Hints? Ideas?

If anyone has news, they will bring it on their own volition. Rather than incessantly sucking on the nipple, attempt to make yourself relevant, rather than wasting posting space here. Do your own research, and bring information. I'll help you out, start here: http://factom.com  

For the rest of you, here is a great article explaining why Factom is about securing data, rather than making money move faster:
https://financialit.net/pdf/view/8646#page=30&zoom=auto,-150,782

[crazyivan]

So, its Sep 1. Any news? Hints? Ideas?

If anyone has news, they will bring it on their own volition. Rather than incessantly sucking on the nipple, attempt to make yourself relevant, rather than wasting posting space here. Do your own research, and bring information. I'll help you out, start here: http://factom.com  

For the rest of you, here is a great article explaining why Factom is about securing data, rather than making money move faster:
https://financialit.net/pdf/view/8646#page=30&zoom=auto,-150,782

At least stand behind your words, when you say u ll put someone on IGNORE, then do it. Please stop embarrassing yourself, be a man.

[myriadforce]

So, its Sep 1. Any news? Hints? Ideas?

If anyone has news, they will bring it on their own volition. Rather than incessantly sucking on the nipple, attempt to make yourself relevant, rather than wasting posting space here. Do your own research, and bring information. I'll help you out, start here: http://factom.com  

For the rest of you, here is a great article explaining why Factom is about securing data, rather than making money move faster:
https://financialit.net/pdf/view/8646#page=30&zoom=auto,-150,782

At least stand behind your words, when you say u ll put someone on IGNORE, then do it. Please stop embarrassing yourself, be a man.

A rambling past post of yours states you will no longer respond to me. Looks like you lied and can't control your itch. You might try a flea collar.

[Mrboot]

So, its Sep 1. Any news? Hints? Ideas?

If anyone has news, they will bring it on their own volition. Rather than incessantly sucking on the nipple, attempt to make yourself relevant, rather than wasting posting space here. Do your own research, and bring information. I'll help you out, start here: http://factom.com 

For the rest of you, here is a great article explaining why Factom is about securing data, rather than making money move faster:
https://financialit.net/pdf/view/8646#page=30&zoom=auto,-150,782

At least stand behind your words, when you say u ll put someone on IGNORE, then do it. Please stop embarrassing yourself, be a man.

A rambling past post of yours states you will no longer respond to me. Looks like you lied and can't control your itch. You might try a flea collar.

How about renting a room together so we can keep this forum on topic for real news.

[willowfoot]

Exodus has a pitch page for their wallet.

Factom is considered a partner, and "exclusive wallet" for Factom:
https://bnktothefuture.com/pitches/exodus

[UgOs]

Exodus has a pitch page for their wallet.

Factom is considered a partner, and "exclusive wallet" for Factom:
https://bnktothefuture.com/pitches/exodus

This is very nice

[bitcoinrocks]

It sounds like the milestone 2 testnet is live, is that correct?

[MyFarm]

It sounds like the milestone 2 testnet is live, is that correct?

The internal one is, but not the public one.

[D-Lux]

Exodus has a pitch page for their wallet.

Factom is considered a partner, and "exclusive wallet" for Factom:
https://bnktothefuture.com/pitches/exodus

Nice find! Several questions specifically about Factom in the investors Forum as well:

bnktothefuture.com/pitches/exodus/conversations