[ANN] FACTOM - Introducing Honesty to Record-Keeping

[crazyivan]

Well, if it s a major product, the price should move to the next support level and stay there. At least this is the scenario we ve been facing for the last year or so.

[GrossBit]

Well, if it s a major product, the price should move to the next support level and stay there. At least this is the scenario we ve been facing for the last year or so.

the next big level on the upside is 0.0047

[Pap0u]

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.

[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.

[crazyivan]

True, this is how speculators and people chasing short term gains think. I look way beyond day to day trading. This token s real deal, you don't hold it cause of some BS expectation of a major pump. There s a real usage for EC which require Factom. Big difference.

[Pap0u]

I know. I'm in for the long run, and I've bought more on dips. Just don't say it's going to pump on news because it won't. We will need something really major to break through the manipulation.

[D-Lux]

We will need something really major to break through the manipulation.

Such as M2? Or the new product being announced today or tomorrow? There's been a lot of manipulation, but "learned helplessness" isn't a productive mentality for an investor, mostly because it is unreal. The past news releases have in fact caused rises. The problem is that in addition to attracting new investors, they've also attracted whales looking to suppress the price in order to accumulate. However volume is growing, the buy wall has nearly doubled in the past week or so, bots are also shifting to the buy side, downward suppression has been less and less effective (look at the rising floor over the past month).

But the biggest issue is that the new product (possibly) and M2 (definitely) will be bigger news than what's come in the past. Making predictions based on the historical market response to new-client announcements or some such thing, when the FCT market was significantly less mature—and comparing it to M2, "the capstone for this year and many others" (Snow), which is "quickly approaching" (Deery)—doesn't make sense IMO.

[Jjtjjt]

True, this is how speculators and people chasing short term gains think. I look way beyond day to day trading. This token s real deal, you don't hold it cause of some BS expectation of a major pump. There s a real usage for EC which require Factom. Big difference.

?  What are you talking about.  Get a grip

[D-Lux]

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.

[crazyivan]

True, this is how speculators and people chasing short term gains think. I look way beyond day to day trading. This token s real deal, you don't hold it cause of some BS expectation of a major pump. There s a real usage for EC which require Factom. Big difference.

?  What are you talking about.  Get a grip

What s not clear dude? You do know how Factoids re burned in order to get EC, entry credits. If you do not know how this works, I suggest reading a big about Factom before you criticize people who DO KNOW how this work. To be more precise, how this is going to work.

[Jjtjjt]

True, this is how speculators and people chasing short term gains think. I look way beyond day to day trading. This token s real deal, you don't hold it cause of some BS expectation of a major pump. There s a real usage for EC which require Factom. Big difference.

?  What are you talking about.  Get a grip

What s not clear dude? You do know how Factoids re burned in order to get EC, entry credits. If you do not know how this works, I suggest reading a big about Factom before you criticize people who DO KNOW how this work. To be more precise, how this is going to work.

Ok buddy

[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.

I'm not too worried, if FCT drops to the point where I have to add ALL remaining FCT, it will be super cheap.  I use margin at 25% because I have to space out my buys with each paycheck.  If I use a little leverage I can benefit from the increase without blowing my account up.

[D-Lux]

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.

I'm not too worried, if FCT drops to the point where I have to add ALL remaining FCT, it will be super cheap.  I use margin at 25% because I have to space out my buys with each paycheck.  If I use a little leverage I can benefit from the increase without blowing my account up.

Yep, sounds like a solid plan to me.

[svenw]

stay away from the margins imho 

[D-Lux]

I get that FCT is manipulated, but I still don't understand why -- or how it could be profitable. A couple days ago someone sold into a 100+ BTC buy wall in one go. With M2 approaching, how could that strategy ever be profitable? In what strategy does such a move make sense?

I find it hard to believe that it was just someone wanting to get rid of a lot of FCT right now.

And we've seen obvious signs of downward-manipulation in the past, through sell walls, real and fake, etc.

So does anyone have any theories about what's going on? How can this downward manipulation be profitable? There seems so much natural upward pressure, with promises of more to come, and more intensely. If the whale/s are playing the shorting game, there have to be easier markets ...

[crazyivan]

He or they, re selling to themselves so no actual loss for that manipulator besides some trading fees. During that dump they try to create a wave, a ripple effect, which usually activates some stop loss triggers, shakes weak hands and lowers the price. Then they buy and repeat the same process only going up, buying from themselves until they reach a satisfactory price to sell.

Simple and effective tactics. Who loses? Weak hands and people with stop loss triggers. DONT GET MANIPULATED.

[GrossBit]

I get that FCT is manipulated, but I still don't understand why -- or how it could be profitable. A couple days ago someone sold into a 100+ BTC buy wall in one go. With M2 approaching, how could that strategy ever be profitable? In what strategy does such a move make sense?

I find it hard to believe that it was just someone wanting to get rid of a lot of FCT right now.

And we've seen obvious signs of downward-manipulation in the past, through sell walls, real and fake, etc.

So does anyone have any theories about what's going on? How can this downward manipulation be profitable? There seems so much natural upward pressure, with promises of more to come, and more intensely. If the whale/s are playing the shorting game, there have to be easier markets ...

liquidity attracks liquidity. If there is no liquidity and you wanna buy or sell 100 BTC worth of FCT, you have to hit up to (approx) 5% away from the spot price. So for someone who doesn't want to move the market but wants to buy or sell a big size, it may sometimes be a good idea to wait.

[D-Lux]

Thanks guys -- this is helpful.

[D-Lux]

He or they, re selling to themselves so no actual loss for that manipulator besides some trading fees. During that dump they try to create a wave, a ripple effect, which usually activates some stop loss triggers, shakes weak hands and lowers the price. Then they buy and repeat the same process only going up, buying from themselves until they reach a satisfactory price to sell.

Simple and effective tactics. Who loses? Weak hands and people with stop loss triggers. DONT GET MANIPULATED.

Actually I think I'm still confused. How would buying/selling to themselves move the market? They could only do it at the trading line of scrimmage, or they'd have to buy/sell through actual orders to get to their order. So they would still have to buy/sell up/down the market. I guess I'm still unsure how this would make sense, for either a shorting or accumulation strategy. Or ... is there another strategy?

[Jjtjjt]

He or they, re selling to themselves so no actual loss for that manipulator besides some trading fees. During that dump they try to create a wave, a ripple effect, which usually activates some stop loss triggers, shakes weak hands and lowers the price. Then they buy and repeat the same process only going up, buying from themselves until they reach a satisfactory price to sell.

Simple and effective tactics. Who loses? Weak hands and people with stop loss triggers. DONT GET MANIPULATED.

Actually I think I'm still confused. How would buying/selling to themselves move the market? They could only do it at the trading line of scrimmage, or they'd have to buy/sell through actual orders to get to their order. So they would still have to buy/sell up/down the market. I guess I'm still unsure how this would make sense, for either a shorting or accumulation strategy. Or ... is there another strategy?

I don't think M2 is going to move the price, at least not like Draper's vote of confidence.  I know why the price is going up.  Have any of you placed a buy order near the top?  Chances are that buy order sat out there Forever.  Sell orders are getting filled left and right but filling a buy order is tough.  Sellers can set their price.