[ANN] FACTOM - Introducing Honesty to Record-Keeping

[haggis]

https://www.youtube.com/watch?v=1noFK6M8ktU  

No he specifically says " It is designed to keep the price of a Factoid low".

At which minute please?

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[dranster]

Dump it noobs

BTC uptrend has started

Rally to 1000 bucks has begun

Dont be bagholding to rekt coins

As BTC pumps hard to 650, 750 and more, you can get FCT at 0.001

Just do some research and try no to get caught with the FOMO

Good luck buyers and bagholders

[tempus]

Dump it noobs

BTC uptrend has started

Rally to 1000 bucks has begun

Dont be bagholding to rekt coins

As BTC pumps hard to 650, 750 and more, you can get FCT at 0.001

Just do some research and try no to get caught with the FOMO

Good luck buyers and bagholders

....says the XC-bagholder!

Go, buy some more XC! ;-)

[MyFarm]

LOL.  Coordinated attempt to tank FCT.

I've been buying up more FCT at these levels and am about to squeeze the shit out of the shorts.

Stand back...

[Josef27]

LOL.  Coordinated attempt to tank FCT.

I've been buying up more FCT at these levels and am about to squeeze the shit out of the shorts.

Stand back...

I'm all in.. Buying every dip. No one has provided one compelling reason to sell other than bs. I have to admit it's definitely a gut check to buy in the face of a sell-off however, I like to buy things on sale.

[D-Lux]

LOL.  Coordinated attempt to tank FCT.

I've been buying up more FCT at these levels and am about to squeeze the shit out of the shorts.

Stand back...

Yeah, one thing that endears me the most to FCT is the lack of arguments by FCT fudders. Most are either confused or appear to have some other agenda. Seriously ... aside from a black-swan event (Bitcoin is hacked, Paul Snow decides he's more interested in water-skiiing than blockchain tech) are there any good arguments against FCT? Ppl are clearly still confused about the EC/FCT ecosystem, but ... are there other reasonable criticisms that can be leveled against FCT? Curious to hear them if so.

And cheers to being all-in! If anyone lives in the Bay Area ... I'm going to try to organize an M2-release party, so PM me if you're in the area and interested.

[xmrlove]

I warned yall. XMR is continuing an aggressive push and the sponge effect is taking over. XMR will be worth 0.03 while everyone here is sitting on their hands waiting for these tokens to rise. FCT is not a store of value / token that is designed to sustain a high value. It has been stated in this interview with lead DEV PAUL SNOW: https://www.youtube.com/watch?v=1noFK6M8ktU

[D-Lux]

"The system is designed to keep the price low" - quote from this video https://www.youtube.com/watch?v=1noFK6M8ktU  

...

No he specifically says " It is designed to keep the price of a Factoid low".

I think you're confused about how direct quotes work.

Happy to discuss if you find the place in the video where Snow says either of the things above, or some variation. But otherwise you should take a peek at the thread's header, "Introducing Honesty to Record-Keeping."

By the way, how's your 5-day-old account treating you?

[MyFarm]

LOL.  Coordinated attempt to tank FCT.

I've been buying up more FCT at these levels and am about to squeeze the shit out of the shorts.

Stand back...

Well... that sure didn't work.

Hahah.

I sure do own a lot of FCT now...

[heaven]

I am shocked by the dumping. I guess a bunch of people bought low to sell high. All noise though. Just waiting for a new ATH and then the lack of selling and all of a sudden thousands of BTC in support and no sellers.

[crazyivan]

I am shocked by the dumping. I guess a bunch of people bought low to sell high. All noise though. Just waiting for a new ATH and then the lack of selling and all of a sudden thousands of BTC in support and no sellers.

The dump seems to be over and the price will recover. The main reason behind it is BTC price jump combined with weak hands running into XMR to try to skim some profit. People just don't learn not to buy at the peak, which is what happens with Monero now.

[D-Lux]

I am shocked by the dumping. I guess a bunch of people bought low to sell high. All noise though. Just waiting for a new ATH and then the lack of selling and all of a sudden thousands of BTC in support and no sellers.

Yeah, this was a pretty major shake-out. FCT's admittedly hard to wrap your mind around initially, so probably a lot of the recent sellers were people who jumped on the bandwagon over the past few weeks, but when the price started to fall didn't know enough about Factom to hold on ... aka weak hands.

[ardia]

I am shocked by the dumping. I guess a bunch of people bought low to sell high. All noise though. Just waiting for a new ATH and then the lack of selling and all of a sudden thousands of BTC in support and no sellers.

Yeah, this was a pretty major shake-out. FCT's admittedly hard to wrap your mind around initially, so probably a lot of the recent sellers were people who jumped on the bandwagon over the past few weeks, but when the price started to fall didn't know enough about Factom to hold on ... aka weak hands.

I had the opposite problem. I just didnt think the price could drop this much... and got margin called.

Such is life.

[Azael]

I had the opposite problem. I just didnt think the price could drop this much... and got margin called.

Such is life.

Sorry to hear that. What lesson did you learn from it?

[Azael]

I am shocked by the dumping. I guess a bunch of people bought low to sell high. All noise though. Just waiting for a new ATH and then the lack of selling and all of a sudden thousands of BTC in support and no sellers.

Exaggerations goes both ways.

[ardia]

I had the opposite problem. I just didnt think the price could drop this much... and got margin called.

Such is life.

Sorry to hear that. What lesson did you learn from it?

Not that much. I can still buy back on the way up.
To my mind, the only problem with Factom is timing, all other variables align - so Im playing it risky - but still, got carried away.
I wont say 'dont use margin', but I will say the 2.5x part is a 'suggestion'. Given the manipulated nature of alts - I'll probably stick to 2x or less from hereon.

[ashapasa]

Nearly got margin called  . Tough day for factom, why did the price fall so much? Any negative news?

[cesmak]

Nearly got margin called  . Tough day for factom, why did the price fall so much? Any negative news?

In my opinion only btc appreciation that push down all the alt coins....

[Embat]

There is well organized FCT dump and pump team

[crazyivan]

There is well organized FCT dump and pump team

Well lots of us do consider these large 500 BTC dumps fishy, especially since they ve got a quite repetitive character. Yet, this is just speculation and we should focus on the positive news and events.