[ANN] FACTOM - Introducing Honesty to Record-Keeping

[Jjtjjt]

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.

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.

[Mrboot]

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.

[jjiimm_64]

Margin trading is great if done correct, the loan rates are nothing compared to the gains you can get.

the loan rates are a rounding error..  to the losses or the gains in this market!

[Less338]

interview publish on October 15th: We will be announcing a new product next week with a fuller description.
so today is the last day of the week.

I doubt they'll announce anything on a Sunday, though I'm actually not sure when "next week" was meant for. It's poss Tiana thought the interview was being published a day or two later, so corrected herself to reflect that. Or an editor could have changed "a couple weeks" to "next week" if he/she thought the same thing. Could be a missed "deadline" if they don't announce today, but the wording/intention isn't 100% clear to me. It's further not even clear whether "the week" begins on Sunday(calendar) or Monday (work).

Anyway .... my guess is the announcement will come tomorrow/Mon or Tue during the Money 20/20 panel.

I honestly don't think they would announce it at 20/20. They are in track 2 from 5:00 - 5:50pm with five other speakers. So Peter Kirby will probably have around 10 minutes to do his talk. Factom is better off explaining what they do during the talk than to launch a new product to a crowd who may or may not have any knowledge of Factom (yet).

[D-Lux]

I don't think M2 is going to move the price, at least not like Draper's vote of confidence.  

You don't think "the capstone of this year and many others" (Snow) is going to move the price?

[D-Lux]

interview publish on October 15th: We will be announcing a new product next week with a fuller description.
so today is the last day of the week.

I doubt they'll announce anything on a Sunday, though I'm actually not sure when "next week" was meant for. It's poss Tiana thought the interview was being published a day or two later, so corrected herself to reflect that. Or an editor could have changed "a couple weeks" to "next week" if he/she thought the same thing. Could be a missed "deadline" if they don't announce today, but the wording/intention isn't 100% clear to me. It's further not even clear whether "the week" begins on Sunday(calendar) or Monday (work).

Anyway .... my guess is the announcement will come tomorrow/Mon or Tue during the Money 20/20 panel.

I honestly don't think they would announce it at 20/20. They are in track 2 from 5:00 - 5:50pm with five other speakers. So Peter Kirby will probably have around 10 minutes to do his talk. Factom is better off explaining what they do during the talk than to launch a new product to a crowd who may or may not have any knowledge of Factom (yet).

You could be right. A panel is different from a presentation. Though Tiana did say they would be announcing a new product this week (or last, still not 100% sure). So my guess FWIW is that they'll announce something Tue morning (next few hours) to discuss at the panel—"Just today we announced ..."—or later in the week. Though admittedly Factom isn't sticklers for punctuality ...

[daburone]

I have no idea where all you maniacs get this idea from that there will or should be a big announcement at the 2020 event. Obviously anything is possible (and happy to be wrong) but it's not exactly likely given that the guy only has a few minutes to talk and he's sharing the spotlight with a bunch of others.

 

[jjiimm_64]

I have no idea where all you maniacs get this idea from that there will or should be a big announcement at the 2020 event. Obviously anything is possible (and happy to be wrong) but it's not exactly likely given that the guy only has a few minutes to talk and he's sharing the spotlight with a bunch of others.

 

A spokes person for the company specifically said there would be an announcement.. No one is saying it was a big announcement. that is how we got the idea.

[Jjtjjt]

I don't think M2 is going to move the price, at least not like Draper's vote of confidence.  

You don't think "the capstone of this year and many others" (Snow) is going to move the price?

I don't think it will.  If it does you can say I told you so until you're blue in the face.  Sound fair?

[tempus]

I don't think M2 is going to move the price, at least not like Draper's vote of confidence.  

You don't think "the capstone of this year and many others" (Snow) is going to move the price?

I don't think it will.  If it does you can say I told you so until you're blue in the face.  Sound fair?

I'll also say "I told you so!!!" because I'm sure your prediction is wrong. ;-)

[Jjtjjt]

I don't think M2 is going to move the price, at least not like Draper's vote of confidence.  

You don't think "the capstone of this year and many others" (Snow) is going to move the price?

I don't think it will.  If it does you can say I told you so until you're blue in the face.  Sound fair?

I'll also say "I told you so!!!" because I'm sure your prediction is wrong. ;-)

A better question is why would you want the price to spike?  Are you guys traders? 

[crazyivan]

I don't think M2 is going to move the price, at least not like Draper's vote of confidence.  

You don't think "the capstone of this year and many others" (Snow) is going to move the price?

I don't think it will.  If it does you can say I told you so until you're blue in the face.  Sound fair?

I'll also say "I told you so!!!" because I'm sure your prediction is wrong. ;-)

A better question is why would you want the price to spike?  Are you guys traders? 

When did u actually get into crypto my friend? Which holder would not want it s holdings to increase in price? That s why we want the price to spike, so we want to sell and make some money. It s not a rocket science.

[nowhere man]

Happy to sit this out in bitcoin for a few months. Can't really see any big moves up till we have some serious demand for EC's - 200 million per month as I recall. Maybe I'll pick up some cheap factoids in the new year. Good luck everybody.

[tempus]

I don't think M2 is going to move the price, at least not like Draper's vote of confidence.  

You don't think "the capstone of this year and many others" (Snow) is going to move the price?

I don't think it will.  If it does you can say I told you so until you're blue in the face.  Sound fair?

I'll also say "I told you so!!!" because I'm sure your prediction is wrong. ;-)

A better question is why would you want the price to spike?  Are you guys traders? 

I don't trade much. But of course I would like to see a higher price, but not necessarily a hype with dumping right after.

[Jjtjjt]

I don't think M2 is going to move the price, at least not like Draper's vote of confidence.  

You don't think "the capstone of this year and many others" (Snow) is going to move the price?

I don't think it will.  If it does you can say I told you so until you're blue in the face.  Sound fair?

I'll also say "I told you so!!!" because I'm sure your prediction is wrong. ;-)

A better question is why would you want the price to spike?  Are you guys traders? 

When did u actually get into crypto my friend? Which holder would not want it s holdings to increase in price? That s why we want the price to spike, so we want to sell and make some money. It s not a rocket science.

Jesus, what side of the bed did you wake up on?

[Jjtjjt]

I just found the ignore button, thank God

[Jjtjjt]

I don't think M2 is going to move the price, at least not like Draper's vote of confidence.  

You don't think "the capstone of this year and many others" (Snow) is going to move the price?

I don't think it will.  If it does you can say I told you so until you're blue in the face.  Sound fair?

I'll also say "I told you so!!!" because I'm sure your prediction is wrong. ;-)

A better question is why would you want the price to spike?  Are you guys traders? 

I don't trade much. But of course I would like to see a higher price, but not necessarily a hype with dumping right after.

I space out my buys, I buy X amount with each paycheck so for me, a lower price is better.  Now if you got in early at 10 cents and bought 10's of thosands of Fct, then for you its better if the price keeps going up and up.  To each his own I guess.

[tempus]

I don't think M2 is going to move the price, at least not like Draper's vote of confidence.  

You don't think "the capstone of this year and many others" (Snow) is going to move the price?

I don't think it will.  If it does you can say I told you so until you're blue in the face.  Sound fair?

I'll also say "I told you so!!!" because I'm sure your prediction is wrong. ;-)

A better question is why would you want the price to spike?  Are you guys traders? 

I don't trade much. But of course I would like to see a higher price, but not necessarily a hype with dumping right after.

I space out my buys, I buy X amount with each paycheck so for me, a lower price is better.  Now if you got in early at 10 cents and bought 10's of thosands of Fct, then for you its better if the price keeps going up and up.  To each his own I guess.

Yes, different situations/perspectives. I bought most of my Factoids one year ago through October and November. And for months I nearly was all-in because I really believe in this project. But: I want to distribute the normal risk a little bit - that's why I sell a little bit every time I consider the price as good and whenever there is a project I believe to see real potential.

[Jjtjjt]

I don't think M2 is going to move the price, at least not like Draper's vote of confidence.  

You don't think "the capstone of this year and many others" (Snow) is going to move the price?

I don't think it will.  If it does you can say I told you so until you're blue in the face.  Sound fair?

I'll also say "I told you so!!!" because I'm sure your prediction is wrong. ;-)

A better question is why would you want the price to spike?  Are you guys traders? 

I don't trade much. But of course I would like to see a higher price, but not necessarily a hype with dumping right after.

I space out my buys, I buy X amount with each paycheck so for me, a lower price is better.  Now if you got in early at 10 cents and bought 10's of thosands of Fct, then for you its better if the price keeps going up and up.  To each his own I guess.

Yes, different situations/perspectives. I bought most of my Factoids one year ago through October and November. And for months I nearly was all-in because I really believe in this project. But: I want to distribute the normal risk a little bit - that's why I sell a little bit every time I consider the price as good and whenever there is a project I believe to see real potential.

1 year ago?  Nice!!!

[crazyivan]

What about 20/20? What was the whole presentation about? What about that new product? Dont tell me Tiana lied to us.