[ANN] FACTOM - Introducing Honesty to Record-Keeping

[magaura]

building my long..  

[crazyivan]

I really do not understand why you people panic over and over again. This has happened before so many times and it WILL happen again, these large scale dumps.

As long there s no some serious flaw in the Factom software, these re just temporary hiccups real traders (and speculators) use to improve their positions. If you have no stomach for this, simply do not trade.

Wasting your time and energy on crying about price of this or that is pointless.

[GrossBit]

A lot of people where warned about this. But whenever anyone here provides a view that goes against the majority you're made out as a troll.


Bitcoin only went up around 10% and everything crashes with +30%? Then it's not just Bitcoin.


I doubt the price will recover for a long time as users will try to quickly scramble to get out of Factom with minimal loses when the price goes up again. Hope the loses where minimal for everyone though, sucks to lose money.

Price will not recover for a while indeed. The only cure to a bear market is lower prices. when the price is so stupidly low that new money comes in massively.
But people already placed their bets on Factom.

Now Factom has to deliver. I don't think people will increase their bets before, as I wrote before, we see at least one company XXX sign a contract to buy YYYYYY$ (6 figure) USD worth of factoids per year. M2 will not change anything to that. actually you could see that too many people were long and nervous, as apart from my "trolling", 90% of posts were guys incessantly asking "when is M2 released ?" so they could plan to sell their leveraged buy of FCT...
Factom received their funding. I hope its not just in the pockets of Paul Snow, Brian Deery, and David Johnston, but that they are spending wisely to build their system.

They'd better hurry before competition gets more serious.

Now the market is 0.0025. Speculators prefer to buy at 0.003 or 0.004 with the momentum and clear signs clients are there, than muddling along with a position which could slip even further to 0.0015 and stay there for weeks or months. Anyway the market is so oversold here, we can have a bounce to 0.003 perhaps.

[Embat]

just don' t reakt and leave Poloniex to sell to itself

[GrossBit]

I really do not understand why you people panic over and over again. This has happened before so many times and it WILL happen again, these large scale dumps.

As long there s no some serious flaw in the Factom software, these re just temporary hiccups real traders (and speculators) use to improve their positions. If you have no stomach for this, simply do not trade.

Wasting your time and energy on crying about price of this or that is pointless.

because if you panicked like we did when we started this conversation you would have sold the market more than 50% higher than where it is today...and you might be happily buying today...

[Embat]

I really do not understand why you people panic over and over again. This has happened before so many times and it WILL happen again, these large scale dumps.

As long there s no some serious flaw in the Factom software, these re just temporary hiccups real traders (and speculators) use to improve their positions. If you have no stomach for this, simply do not trade.

Wasting your time and energy on crying about price of this or that is pointless.

because if you panicked like we did when we started this conversation you would have sold the market more than 50% higher than where it is today...and you might be happily buying today...

and all will be pure gamble

[daburone]

Meanwhile... Kirby, Deery, Snow et al. give zero fucks.



They will accumulate before they spring their next "secret" announcement.

[crazyivan]

I really do not understand why you people panic over and over again. This has happened before so many times and it WILL happen again, these large scale dumps.

As long there s no some serious flaw in the Factom software, these re just temporary hiccups real traders (and speculators) use to improve their positions. If you have no stomach for this, simply do not trade.

Wasting your time and energy on crying about price of this or that is pointless.

because if you panicked like we did when we started this conversation you would have sold the market more than 50% higher than where it is today...and you might be happily buying today...

I do not hold that much Factom any more since I had issues about Factom team not being transparent about their development 6 months ago when you were not even here at this forum. So I do not care that much about short term price and I dont hold enough to justify my potentially lost time on following Factom market and the price 18x a day. In addition, I do not try to move price based on info from my posts. If the price is to go up at any point, it should be cause Factom has started delivering, there I agree with you.

On the other hand, I really do not appreciate your trolling tactics with one sole purpose of crashing the price so you can buy more. Fine, you did it, now go BUY more. Just remember lots of people lost money so you can buy cheap cause that s how it works with trade, in order for side to make money, the other sides needs to lose money.  Remember, karma is a big time bitch.

Personally, I ll keep holding, will not increase my stash unless Brian comes here in front of us and says when the FUCK do they plan to release M2. I understand the exact date is an issue. However, if he cannot or will not share what quarter of even half year this will take place, well, then Factom s maybe not the best place for me invest. Again, this is my problem not his or yours.

[Mrboot]

Factom team people are sharing this around.

https://docs.google.com/document/d/1idEYEHd0woIFJsIiSGX482R2Q12zcQIXMwOcLquS9g8/edit

Is this true ?

[GrossBit]

I really do not understand why you people panic over and over again. This has happened before so many times and it WILL happen again, these large scale dumps.

As long there s no some serious flaw in the Factom software, these re just temporary hiccups real traders (and speculators) use to improve their positions. If you have no stomach for this, simply do not trade.

Wasting your time and energy on crying about price of this or that is pointless.

because if you panicked like we did when we started this conversation you would have sold the market more than 50% higher than where it is today...and you might be happily buying today...

I do not hold that much Factom any more since I had issues about Factom team not being transparent about their development 6 months ago when you were not even here at this forum. So I do not care that much about short term price and I dont hold enough to justify my potentially lost time on following Factom market and the price 18x a day. In addition, I do not try to move price based on info from my posts. If the price is to go up at any point, it should be cause Factom has started delivering, there I agree with you.

On the other hand, I really do not appreciate your trolling tactics with one sole purpose of crashing the price so you can buy more. Fine, you did it, now go BUY more. Just remember lots of people lost money so you can buy cheap cause that s how it works with trade, in order for side to make money, the other sides needs to lose money.  Remember, karma is a big time bitch.

Personally, I ll keep holding, will not increase my stash unless Brian comes here in front of us and says when the FUCK do they plan to release M2. I understand the exact date is an issue. However, if he cannot or will not share what quarter of even half year this will take place, well, then Factom s maybe not the best place for me invest. Again, this is my problem not his or yours.

what i say doesn't influence FCT price. I am not a magician. And i have no reason to buy more FCT. I have the Ashares, its enough for me. When i see todays FCT i don't want to imagine how worthless my shares are.
I like to diversify and if i had cash available FCT would not be on the top of my list, unless there are compelling reasons which don't exist today

[FudCutter]

That's it, I'm out. I may try to catch it at around .0015...maybe, but the communication from this company is terrible. Trust is definitely dwindling away.  

[tempus]

Folks, maybe it's time to calm down a little bit. The price sucks, yes. But it's still business as usual. Bitcoin goes up and more and more bet on a hype. Additionally most of us are kind of frustrated because of the ongoing delays without much communication, but who is in Factom since some time: That is also business as usual.

It's all red today. Even Zcash is not at 3000 BTC any more!

[Embat]

I see two people lost confidence and wait to back in fct

[astmandu]

With the level of pain I'm seeing I'm back in...average of .00242 right now.  I could be wrong but this is way oversold.  BTC has more room to run but the alts are absolutely creamed.

Hoping for low .0030s by Monday.

[kryptopojken]

This really looks like a bottom to me, strap in guys!

[mtnsaa]

Honestly, BTC made more powerful rallies than this even in recent months (halvening) and a lot of promising alts followed it. This is absolutely nonsense in my opinion since there are actually no real news or adoption, Bitcoin can also be manipulated and pumped just like any other altcoin, 10b marketcap is nothing.

I honestly think this is all manipulation to shake all alts and buy back cheaper. The price in terms of BTC can adjust of course but now we are seeing massive selloff in terms of fiat valuation and that doesn't make much sense to me. I understand people panicking and trying to catch the Bitcoin train but it's not as if Bitcoin is already worth $3-4k to justify that, it barely moved!

[neo1947]

I really do not understand why you people panic over and over again. This has happened before so many times and it WILL happen again, these large scale dumps.

As long there s no some serious flaw in the Factom software, these re just temporary hiccups real traders (and speculators) use to improve their positions. If you have no stomach for this, simply do not trade.

Wasting your time and energy on crying about price of this or that is pointless.

because if you panicked like we did when we started this conversation you would have sold the market more than 50% higher than where it is today...and you might be happily buying today...

I do not hold that much Factom any more since I had issues about Factom team not being transparent about their development 6 months ago when you were not even here at this forum. So I do not care that much about short term price and I dont hold enough to justify my potentially lost time on following Factom market and the price 18x a day. In addition, I do not try to move price based on info from my posts. If the price is to go up at any point, it should be cause Factom has started delivering, there I agree with you.

On the other hand, I really do not appreciate your trolling tactics with one sole purpose of crashing the price so you can buy more. Fine, you did it, now go BUY more. Just remember lots of people lost money so you can buy cheap cause that s how it works with trade, in order for side to make money, the other sides needs to lose money.  Remember, karma is a big time bitch.

Personally, I ll keep holding, will not increase my stash unless Brian comes here in front of us and says when the FUCK do they plan to release M2. I understand the exact date is an issue. However, if he cannot or will not share what quarter of even half year this will take place, well, then Factom s maybe not the best place for me invest. Again, this is my problem not his or yours.

what i say doesn't influence FCT price. I am not a magician. And i have no reason to buy more FCT. I have the Ashares, its enough for me. When i see todays FCT i don't want to imagine how worthless my shares are.
I like to diversify and if i had cash available FCT would not be on the top of my list, unless there are compelling reasons which don't exist today

you are spot on mate good TA,still FCT might penetrate in beetwen 15-20 sats. have two pos.
have a nice w end

[crazyivan]

Just to add, lots of these dumps re cause of people switching to zcash. This crypto s such a hype, people re gonna lose lots of money on that. After that, the circle continues, noobs pay and experience traders reap benefits. So dont get exploited.

[Jjtjjt]

After securing 4.2 million from Draper they don't give a rats ass what price fct is anymore.  BUSINESS as usual in corporate america.

That's why Brian Deery can act like an arrogant pig.

[crazyivan]

Everyone in corporate America needs to take care of their reputation. It s something so hard to build and so easy to lose. Having a few thousand pissed off investors spreading word about Factom not delivering would definitely hurt their business big time.

This is why I firmly believe Factom will deliver and everyone will be happy in the end. Again, IMHO, this is just another round of speculations which will result in noobs losing their money and Factom price will get back where it was in a couple of weeks. We ve seen this several times so far and we ll probably see it again. The only thing which changes are nicks of these trolls crying about their crushed expectations of easy money with no effort at all.