[ANN] FACTOM - Introducing Honesty to Record-Keeping

[sandwraithBTC]

sandwraithBTC i can come pick u up in the ferrari and we can do lunch?

i hope it is not a Ferrari toy which your kid is playing 

[lolikop]

U guys still talking with the spammer pap0u..

When price goes down he says he shorted when it goes up hes long

Nonsense

[Pap0u]

how many people got shrekt here and are holding bags?

[crazyivan]

Never actually wanted to punch a fellow forum poster in the face. Never even came close to that.

Guess who won that prize? 

[D-Lux]

Join Factom Foundation community #Slack:

http://factomfoundation.stamplayapp.com/

[Shiroslullaby]

how many people got shrekt here and are holding bags?

I sold everything just below 0.0042 and buying back in right now around 0.00285. (Seems like we're at the bottom again.)
Will hold on for the next wave, rinse and repeat at least a few more times, then HODL.
I'm still 99% sure Factom is a really good long-term investment.

[Pap0u]

We are about to witness an epic dump to 150k support level.

[Shiroslullaby]

Ok I'm actually holding off buying for now.
Bitcoin doesn't seem to be stopping and might actually hit $900 so I guess I'll wait a minute before buying back into Factom and Monero.

Factom is still an amazing product for the long term. Just trying to maximize the number of coins I can get.

[crazyivan]

I don't think BTC will hold this high. This fast growth s not natural and as many times before we ll probably see a dump some time in the future. Interesting times of holders. )

[Pap0u]

I think sadly we will see Factom go in a slumber, anywhere from 80k-150k. Until they can gain significant income and drive entries up, Factom has no reason to pump at all anymore....could be a 6 month break from anything significant..

[Mrfrismint]

Guys, very positive that FCT holds USD value while BTC made another jump. That wasn't the case yesterday, which is normal as many people were sitting on a profit. This asian night it was different, suggesting FCT can keep strong. Of course BTC value is lower with a BTC rise, but who cares? Good stuff is coming up when M2 is rolled out, Smartrac starts using Factom and the first easy to use wallet (Exodus) hits the market! Also Factom works on a few new applications that use the blockchain.

[syfare]

I don't understand why you are all so emotional in this topic. Most of you says they are in for the long run, but then react at every price swing. It seems like you either invested more than you should to react this way, or expected to get a return sooner than a few years.

This is not how a long term investment work. Just put your money in the coin you believe will success, diversify on some other project with also good expected future and then stop following the day to day market.  
I only check the price and the news once a month, and that allowed me for example on the ETH to get a 1000% ROI, while it could have only been much lower if i were to follow the daily activities, because of panic sell.
In some case, you will end up with nothing because the coin will be dead, that's to be expected, but the few coins that will success in your investment will cover your loss easily. So stop worrying, stop discussing daily price, and be there really for the long term development of the coin.

[Pap0u]

I don't understand why you are all so emotional in this topic. Most of you says they are in for the long run, but then react at every price swing. It seems like you either invested more than you should to react this way, or expected to get a return sooner than a few years.

This is not how a long term investment work. Just put your money in the coin you believe will success, diversify on some other project with also good expected future and then stop following the day to day market.  
I only check the price and the news once a month, and that allowed me for example on the ETH to get a 1000% ROI, while it could have only been much lower if i were to follow the daily activities, because of panic sell.
In some case, you will end up with nothing because the coin will be dead, that's to be expected, but the few coins that will success in your investment will cover your loss easily. So stop worrying, stop discussing daily price, and be there really for the long term development of the coin.

Very spot on words. It's very hard to lose this way as well, unless as you said the projects just die. The emotions 100% come from loses and bad positions. Short term this whole shit is rigged, like he said, just go long term few months and everybody will be fine.

[Mrboot]

I don't understand why you are all so emotional in this topic. Most of you says they are in for the long run, but then react at every price swing. It seems like you either invested more than you should to react this way, or expected to get a return sooner than a few years.

This is not how a long term investment work. Just put your money in the coin you believe will success, diversify on some other project with also good expected future and then stop following the day to day market.  
I only check the price and the news once a month, and that allowed me for example on the ETH to get a 1000% ROI, while it could have only been much lower if i were to follow the daily activities, because of panic sell.
In some case, you will end up with nothing because the coin will be dead, that's to be expected, but the few coins that will success in your investment will cover your loss easily. So stop worrying, stop discussing daily price, and be there really for the long term development of the coin.

Simple explanation; margin trading.

Many opened a long position that they now need to protect or lose personally I don't margin trade. Unless it's really really a bargain )). But I also believe it can go down more then this point. Aiming for a drop to the 200k - 150k zone then I will make some nice rebuys.

Bitcoin broke the 6200 level and I believe there should not be a lot resistance to the 7000 zone unless China make some ban accusations again. Just be careful in Alts atm.

My best trade was selling at 360 while it was less then a day before that 420. (Bought at 220 but still)
Sometimes better be a little late then holding them in the end.

Crazyivan I can see btc go even higher with all bad news around the world. Would you like to hold many euros, dollars or Bitcoin I'm from Europe and I'm happy to change all euro to btc or special commodities.

[syfare]

Margin trading is based on luck, so if you like to gamble it may be good but for real investment, it is not the way to go.
Long term at least is based on some analysis on how the coin will perform in the future

[Tedscript]

Guys,let me tell you why the bitcoin continue up up up up……

China government implements foreign exchange control,in the past people used various methods to evade regulation,for example,go to Hongkong to buy insurance,made some false related transactions with Australia company,etc

As foreign exchange reserves fell rapidly this year，China government tighten the foreign exchange channels

now only BITCOIN left

Do you get the position?

[CocoLibre]

I don't understand why you are all so emotional in this topic. Most of you says they are in for the long run, but then react at every price swing. It seems like you either invested more than you should to react this way, or expected to get a return sooner than a few years.

This is not how a long term investment work. Just put your money in the coin you believe will success, diversify on some other project with also good expected future and then stop following the day to day market.  
I only check the price and the news once a month, and that allowed me for example on the ETH to get a 1000% ROI, while it could have only been much lower if i were to follow the daily activities, because of panic sell.
In some case, you will end up with nothing because the coin will be dead, that's to be expected, but the few coins that will success in your investment will cover your loss easily. So stop worrying, stop discussing daily price, and be there really for the long term development of the coin.

Simple explanation; margin trading.

Many opened a long position that they now need to protect or lose personally I don't margin trade. Unless it's really really a bargain )). But I also believe it can go down more then this point. Aiming for a drop to the 200k - 150k zone then I will make some nice rebuys.

Bitcoin broke the 6200 level and I believe there should not be a lot resistance to the 7000 zone unless China make some ban accusations again. Just be careful in Alts atm.

My best trade was selling at 360 while it was less then a day before that 420. (Bought at 220 but still)
Sometimes better be a little late then holding them in the end.

Crazyivan I can see btc go even higher with all bad news around the world. Would you like to hold many euros, dollars or Bitcoin I'm from Europe and I'm happy to change all euro to btc or special commodities.

Is anyone really going to dump to you sub .002? We saw the market hold .002 and everyone who wanted out since then has exited already; I guess some aggressive shorts can slam support and run stops to catch margin calls but besides that what organic selling is left?

[Mrfrismint]

FCT broke out of the downtrend a few weeks ago before the M2 launch. The market and especially whales made use of the moment to pump FCT extra by creating FOMO. Then after M2 was announced the dump started, but the uptrend is still there. FCT is testing that upper support line again and from there it will go up again, shaking out weak hand first to accumulate cheaper. Don't forget that M2 is being rolled out now. Exchanges and clients will move to the new code. Then Exodus wallet will become available, which will decrease Polo's FCT supply. This is all good for the price, plus the market will see an increase in entries as soon as Smarttrac starts with Dloc in January.

[Mrboot]

I don't understand why you are all so emotional in this topic. Most of you says they are in for the long run, but then react at every price swing. It seems like you either invested more than you should to react this way, or expected to get a return sooner than a few years.

This is not how a long term investment work. Just put your money in the coin you believe will success, diversify on some other project with also good expected future and then stop following the day to day market.  
I only check the price and the news once a month, and that allowed me for example on the ETH to get a 1000% ROI, while it could have only been much lower if i were to follow the daily activities, because of panic sell.
In some case, you will end up with nothing because the coin will be dead, that's to be expected, but the few coins that will success in your investment will cover your loss easily. So stop worrying, stop discussing daily price, and be there really for the long term development of the coin.

Simple explanation; margin trading.

Many opened a long position that they now need to protect or lose personally I don't margin trade. Unless it's really really a bargain )). But I also believe it can go down more then this point. Aiming for a drop to the 200k - 150k zone then I will make some nice rebuys.

Bitcoin broke the 6200 level and I believe there should not be a lot resistance to the 7000 zone unless China make some ban accusations again. Just be careful in Alts atm.

My best trade was selling at 360 while it was less then a day before that 420. (Bought at 220 but still)
Sometimes better be a little late then holding them in the end.

Crazyivan I can see btc go even higher with all bad news around the world. Would you like to hold many euros, dollars or Bitcoin I'm from Europe and I'm happy to change all euro to btc or special commodities.

Is anyone really going to dump to you sub .002? We saw the market hold .002 and everyone who wanted out since then has exited already; I guess some aggressive shorts can slam support and run stops to catch margin calls but besides that what organic selling is left?

I think we will, we were there 3 weeks ago with a lower Btc price so if btc keeps beeing bullish i cant see why that aint possible, but only time can tell us. In My opinion btc aint done yet unless something happens Like a ban

[siaubas]

FCT broke out of the downtrend a few weeks ago before the M2 launch. The market and especially whales made use of the moment to pump FCT extra by creating FOMO. Then after M2 was announced the dump started, but the uptrend is still there. FCT is testing that upper support line again and from there it will go up again, shaking out weak hand first to accumulate cheaper. Don't forget that M2 is being rolled out now. Exchanges and clients will move to the new code. Then Exodus wallet will become available, which will decrease Polo's FCT supply. This is all good for the price, plus the market will see an increase in entries as soon as Smarttrac starts with Dloc in January.

Care to explain why you draw the support line through the lowest traded prices but your resistance line follows completely different and not so clear rules?