mtnsaa
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December 05, 2016, 03:30:56 PM |
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The only reason it isn't pumping is because it is supposed to pump, Factom is literally the only coin that deserves and should be pumping yet it doesn't because that's how they make money, by doing the opposite of what's expected and making people make mistakes. Great news comes out, everybody longs, so they dump it to make people close or get liquidated. It's quite amusing lol and these market players are just too predictable. They really need to switch it up.
That's why everyone who understands the value of Factom should be buying everything they can now (I'm not saying it will rule the world but we can all agree the current $2 price is nonsense). It's getting tiresome but once M2 comes out I'm sure manipulators and whales will let it fly to 500k and beyond (or whatever above $5-6 price would be in BTC). And honestly considering the supply that would be pretty cheap too. I can't wait to have my FCT on my Exodus wallet. |
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Mrfrismint
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December 05, 2016, 04:53:00 PM
Last edit: December 05, 2016, 05:10:06 PM by Mrfrismint |
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The only reason it isn't pumping is because it is supposed to pump, Factom is literally the only coin that deserves and should be pumping yet it doesn't because that's how they make money, by doing the opposite of what's expected and making people make mistakes. Great news comes out, everybody longs, so they dump it to make people close or get liquidated. It's quite amusing lol and these market players are just too predictable. They really need to switch it up.
That's why everyone who understands the value of Factom should be buying everything they can now (I'm not saying it will rule the world but we can all agree the current $2 price is nonsense). It's getting tiresome but once M2 comes out I'm sure manipulators and whales will let it fly to 500k and beyond (or whatever above $5-6 price would be in BTC). And honestly considering the supply that would be pretty cheap too. I can't wait to have my FCT on my Exodus wallet. Why would the price be nonsense? The value of FCT x the amount of FCT out there does not reflect the value of Factom as a company. So I have no idea what your statement is based on. FCT is not a currency either. You can buy Entry Credits with FCT. The current price of FCT represents 17.5 billion EC's or in other words: 17.5 billion entries. Currently Factom is at 5.5 million entries. As soon as Factom shows a big increase of entries the price will start rising. Disclosing: I am an owner of FCT tokens because I believe in the potential of this company. Once they get a big client in, it can go pretty fast with the amount of entries on their chain and then the value of FCT will rise accordingly. I do have a question about how this whole thing works in practise though. Do clients buy the FCT themselves? If so, are they supposed to go to exchanges? I assume that is not the case. I have never understood this completely. For example: I own a company and want Factom to help me storing data on the chain. What am I suppose to do as a non technical person? Is Factom helping me with this? I guess Factom is not sending me to some exchange with a troll box to buy FCT, are they? Secondly, what is Factom's aim regarding the amount of unburned FCT out there at any point in time? Do they have a desired ratio for this? For example. with the current price you can get 17.5 billion EC's. Is that close to a desired status quo or not? Can they influence that and if so, how? Isn't it a problem that so many FCT are in the hands of people who never would use FCT for buying EC's? I would like to see an answer from Factom on questions like these.. |
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Pap0u
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December 05, 2016, 04:57:40 PM |
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What I'm saying is generally crypto is such a small market and its way easier to make money on downsides then upsides. Everything always dumps, there is always people willing to pay a cheaper price but it's very hard to get a buying rally or find people willing to buy in general. All I'm saying is use Factoms limited buyers market and just short every small pump, or big one. It will ALWAYS dump no matter what.
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mtnsaa
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December 05, 2016, 05:24:04 PM |
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What I'm saying is generally crypto is such a small market and its way easier to make money on downsides then upsides. Everything always dumps, there is always people willing to pay a cheaper price but it's very hard to get a buying rally or find people willing to buy in general. All I'm saying is use Factoms limited buyers market and just short every small pump, or big one. It will ALWAYS dump no matter what.
Fair but you have to be careful as we've seen all year with ETH, XMR and FCT. Some pumps were unrelentless and many shorters got rekt because there was no way ETH could've gone to almost 0.04. Factom got to 0.008 which now seems a very distance past. XMR pumped like hell too and it was all basically a charade based on supposed adoption by the dark market. If you don't get too crazy on margin and go all in and are willing to hold your short or long position for long (even months) and add little by little, I agree you will always make money. The problem is desperation usually sets in and the phrase "the market can stay irrational longer than you can stay solvent" becomes a harsh reality. |
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crazyivan
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December 05, 2016, 05:48:30 PM |
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Now I m in again, I do not intent to sell until long time after the M2. The price can go to 10, I really do not care. During my time in crypto I ve learned real investors re extremely patient. Like a tiger in a bush, waiting for the prey.
So, dumpers and speculators, do your worst, I really do not care at the moment cause you cannot scare me!
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cesmak
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December 05, 2016, 06:06:14 PM |
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Now I m in again, I do not intent to sell until long time after the M2. The price can go to 10, I really do not care. During my time in crypto I ve learned real investors re extremely patient. Like a tiger in a bush, waiting for the prey.
So, dumpers and speculators, do your worst, I really do not care at the moment cause you cannot scare me!
Like this attitude.... is the one i try to adopt in this cryptoworld....  Hope it will pay back heheheeh |
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crazyivan
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December 05, 2016, 07:52:16 PM |
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More dumpers, DUMP more, do your worst. YOU WILL NOT SCARE ME AWAY!!!
Give me best you ve got.
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Mrfrismint
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December 05, 2016, 08:07:39 PM |
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More dumpers, DUMP more, do your worst. YOU WILL NOT SCARE ME AWAY!!!
Give me best you ve got.
lol... nobody who influences the pice reads this... |
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Mrboot
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December 05, 2016, 08:18:02 PM |
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More dumpers, DUMP more, do your worst. YOU WILL NOT SCARE ME AWAY!!!
Give me best you ve got.
lol... nobody who influences the pice reads this... I agree on that they have way to much money to care about bitcointalk forum, but its kinda sad people that dont know the market but supported factom will sell cause of fear and give them cheaper fct. |
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crazyivan
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December 05, 2016, 08:21:15 PM |
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More dumpers, DUMP more, do your worst. YOU WILL NOT SCARE ME AWAY!!!
Give me best you ve got.
lol... nobody who influences the pice reads this... At this point, any reader here with 50 BTC worth of Factom could influence the price big time. So let them do it, if one needs to lose money to get smart and sell just before M2, well, every education costs money. |
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Mrboot
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December 05, 2016, 08:32:03 PM |
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More dumpers, DUMP more, do your worst. YOU WILL NOT SCARE ME AWAY!!!
Give me best you ve got.
lol... nobody who influences the pice reads this... At this point, any reader here with 50 BTC worth of Factom could influence the price big time. So let them do it, if one needs to lose money to get smart and sell just before M2, well, every education costs money. I can test it, kidding i will never do that, but mostly they are not as stupid as you expect. they do it around support levels to break them |
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D-Lux
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December 05, 2016, 08:55:37 PM |
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Now I m in again, I do not intent to sell until long time after the M2. The price can go to 10, I really do not care. During my time in crypto I ve learned real investors re extremely patient. Like a tiger in a bush, waiting for the prey.
Right, the hardest thing to do as an investor sometimes is to Do Nothing. I've more or less filled up on FCT and have stopped watching the charts daily. I think Factom has massive value. The short-term shenanigans are what they are, but ultimately price will follow value. However long it takes for price to catch up, I'm holding ... Not out of loyalty or anything else, but just b/c FCT is imo by far the most underpriced crypto atm, so selling into anything else simply doesn't make sense. |
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lolikop
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December 05, 2016, 09:09:17 PM |
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Now I m in again, I do not intent to sell until long time after the M2. The price can go to 10, I really do not care. During my time in crypto I ve learned real investors re extremely patient. Like a tiger in a bush, waiting for the prey.
So, dumpers and speculators, do your worst, I really do not care at the moment cause you cannot scare me!
... wow u finally got it guess ur strategy didn't work after all... day trading is for big guys with 100-200 btc in fct (for now) u never know what their plans are most people see ur status @legendary so they think u must have 50-100 btc in fct but im sure u dont even own 10 btc but if u hold u can reach that... anyways keep it up and dont get back to day trading if u see 50-70 % profit because eventually u lose it all |
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D-Lux
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December 05, 2016, 09:12:46 PM |
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I do have a question about how this whole thing works in practise though. Do clients buy the FCT themselves? If so, are they supposed to go to exchanges? I assume that is not the case. I have never understood this completely. For example: I own a company and want Factom to help me storing data on the chain. What am I suppose to do as a non technical person? Is Factom helping me with this? I guess Factom is not sending me to some exchange with a troll box to buy FCT, are they?
Secondly, what is Factom's aim regarding the amount of unburned FCT out there at any point in time? Do they have a desired ratio for this? For example. with the current price you can get 17.5 billion EC's. Is that close to a desired status quo or not? Can they influence that and if so, how? Isn't it a problem that so many FCT are in the hands of people who never would use FCT for buying EC's?
I would like to see an answer from Factom on questions like these..
Not from Factom, but I can take a crack ... Clients don't need to buy FCT directly. Given the price swings, this would be impractical for most big businesses/organizations/govts. Instead they can buy Entry Credits directly from Factom and soon, from other third-party EC stores. Clients can buy EC now (at a fixed price of 1/10th of a cent) from Factom here: https://shop.factom.com/For the second question, this get more complicated, but basically the EC price is kept constant at 1/10th of a cent, for the sake of businesses/etc that need to plan for future usage. However the FCT price is dictated by the market. One token (EC) at a fixed price, and one (FCT) dictated by the market, means that the FCT -> EC exchange rate remains dynamic. For your question about the FCT supply if investors don't want to sell ... This would push the FCT price up, so that fewer FCT would be required to generate the same number of EC. The supply is dynamically self-adjusting, so that the system can never run out of EC, and FCT has a base price that's a function of Factom's usage (beyond which it can't drop w/o risking a depletion of FCT supply). More about this is here: https://www.reddit.com/r/factom/comments/4zxi6e/fct_ec_and_the_factom_financial_ecosystem/You also ask about what the supply-equilibrium point is. I'm not sure, but ... FCT supply will be reduced until M3, after which 73K FCT will be generated each month. The new supply will help ensure the supply equilibrium (that FCT supply doesn't drop to 0), and b/c this will be coming out around M3, my guess is that that equilibrium level will be slightly lower than the current supply today—or basically, whatever it drops to before M3's release. Hope this helps! And hopefully someone from Factom can weigh in more authoritatively about where they expect supply to stabilize ... |
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lolikop
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December 05, 2016, 09:31:18 PM |
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we are waiting for m2 for almost 2 years now still not released so m3 could take 2 years /3 years would be better (it fits the name) by then we might have only 1mil factoids left probably much less price would be 400$ end of 2018
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tempus
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December 05, 2016, 09:45:19 PM |
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we are waiting for m2 for almost 2 years now still not released so m3 could take 2 years /3 years would be better (it fits the name) by then we might have only 1mil factoids left probably much less price would be 400$ end of 2018
Not for 2 years! ICO was in spring 2015, launch was in early October 2015, first time Paul Snow explained more about M2 was in December if I'm correct. And my guess is: M2 is most likely the hardest Milestone to do and that once it is released, we will see M3 some months later - 3 to 6 maybe. |
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crazyivan
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December 05, 2016, 10:08:49 PM |
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Now I m in again, I do not intent to sell until long time after the M2. The price can go to 10, I really do not care. During my time in crypto I ve learned real investors re extremely patient. Like a tiger in a bush, waiting for the prey.
So, dumpers and speculators, do your worst, I really do not care at the moment cause you cannot scare me!
... wow u finally got it guess ur strategy didn't work after all... day trading is for big guys with 100-200 btc in fct (for now) u never know what their plans are most people see ur status @legendary so they think u must have 50-100 btc in fct but im sure u dont even own 10 btc but if u hold u can reach that... anyways keep it up and dont get back to day trading if u see 50-70 % profit because eventually u lose it all You re WRONG! As usual, you re wrong. Still, most of your posts here ve been nothing but pure BS and trying to teach people what to do and what not to do. My friend, it s been long time since I ve had or needed a teacher. So don't bother. |
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lolikop
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December 05, 2016, 10:19:24 PM |
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Now I m in again, I do not intent to sell until long time after the M2. The price can go to 10, I really do not care. During my time in crypto I ve learned real investors re extremely patient. Like a tiger in a bush, waiting for the prey.
So, dumpers and speculators, do your worst, I really do not care at the moment cause you cannot scare me!
... wow u finally got it guess ur strategy didn't work after all... day trading is for big guys with 100-200 btc in fct (for now) u never know what their plans are most people see ur status @legendary so they think u must have 50-100 btc in fct but im sure u dont even own 10 btc but if u hold u can reach that... anyways keep it up and dont get back to day trading if u see 50-70 % profit because eventually u lose it all You re WRONG! As usual, you re wrong. Still, most of your posts here ve been nothing but pure BS and trying to teach people what to do and what not to do. My friend, it s been long time since I ve had or needed a teacher. So don't bother. dude dont let me quote ur 3-4 months old posts, im sure u always have something to say to defend ur self but if someone posts BS its you |
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Pap0u
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December 05, 2016, 10:42:53 PM |
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Man no one is doubting Factom. The company will be a long term success, the price of Factoids will be more expensive then what they are now but that's in the future. Right now play the swings and know that it will most likely touch 150k before it goes back up
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lolikop
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December 05, 2016, 10:55:08 PM |
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Man no one is doubting Factom. The company will be a long term success, the price of Factoids will be more expensive then what they are now but that's in the future. Right now play the swings and know that it will most likely touch 150k before it goes back up
yep i got some buy orders @ 150k also even if im sure 90% wont happen but still taking a big risk why? because we leave our money at polo and they could go gox anytime 50/50 chance but my fct is out of polo i have my own wallet no need for exodus newbies need that i dont |
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