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sandwraithBTC
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December 07, 2016, 11:07:22 PM |
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A brief look at Papou's history shows that he flip-flops every few days/weeks, depending on what position he holds. I don't agree that people like him bring any possible value to this forum. i agree. That's the best statement to describe what type of player "Papou" is. However, this time his attempt will fail because factom has a strong community's support not like other shit altcoins. 
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D-Lux
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December 07, 2016, 11:19:50 PM |
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My guess—and it's only a guess—is that some people/groups are driving the price of some of the top coins down in an attempt to accumulate. Some people, like a lot of people on this forum, believe that FCT and others have a very promising future. Some of those same people have a lot of money, and wouldn't mind taking on a short-term loss if it allows them to accumulate more of a certain crypto at a lower price—which will, eventually, be a LOT higher. To try to explain FCT's drop over the past months based on BTC's rise is ridiculous, given all the good news FCT has come out with during that same time period. AMP falling? sure. STEEM? yep. But FCT? Or looking at another coin, MAID? What's happening simply can't be accounted for given normal market dynamics. That FCT has been hit the hardest relative to its updates and prospects is, I think, a sign that some people really want to collect it. Which means that they're smart, even if they lack any pretense of decency. The only upside to this frustrating situation is that those who are accumulating will at some point have accumulated, and if they're have as good at driving the price up as they are driving it down, FCT and a few other markets could get a little ... bit ... crazy. Can you tell me a way how to drive the price down while accumulating on your own? I mean you really have to get some idiots to panic sell , otherwise you wont be able to buy yourself?!? It's tricky but basically you can sell a lot on margin in the hopes of triggering margin calls / forced sells, which you could then buy up at the lower price. The bigger game is creating an alternative reality around a coin—fud trolling a la GrossBit, Papou and others—so that people sell to you willingly. Drive the price down for long enough, and the psychological response among some investors includes "cognitive dissonance" (given FCT's string of good news) and "learned helplessness"—both of which weakens hands. I'm not sure if everyone panic-selling or selling otherwise is an idiot. Some probable are, in fairness—it takes all kinds—but the bigger issue is that FCT is genuinely hard to understand. I mean what it does is relative simple, but how it does it, and how it protects itself technically and competitively, is actually very complicated, even among cryptos. So I don't think it takes an idiot to not get it, just someone who hasn't spent enough time researching Factom to the point where they know enough not to sell when manipulation hits. |
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D-Lux
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December 07, 2016, 11:30:18 PM |
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One other note as long as I'm on here, and this is mostly a PSA for new traders: Avoid margin longs at all cost. If you do take out a margin long on FCT, only do a very small percentage of your allowable margin, and if you're using FCT as collateral, even less. The people manipulating this market are smart. One possible strategy would be for them to lull investors into a false sense of security, encouraging FCT's die-hardest investors to venture into margin longs, and then to slam the price—I mean really slam it—just before M2, as a last-ditch effort to scare out margin calls and collect at an extremely low price. I think the chances of this happening are slim, but unless you have a lot of experience with margin trading, avoid it at all costs—it's simply too risky. OK ... PSA over.  |
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flashbit
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December 07, 2016, 11:34:54 PM |
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One other note as long as I'm on here, and this is mostly a PSA for new traders: Avoid margin longs at all cost. If you do take out a margin long on FCT, only do a very small percentage of your allowable margin, and if you're using FCT as collateral, even less. The people manipulating this market are smart. One possible strategy would be for them to lull investors into a false sense of security, encouraging FCT's die-hardest investors to venture into margin longs, and then to slam the price—I mean really slam it—just before M2, as a last-ditch effort to scare out margin calls and collect at an extremely low price. I think the chances of this happening are slim, but unless you have a lot of experience with margin trading, avoid it at all costs—it's simply too risky. OK ... PSA over. +1 - very wise advice!! |
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Pap0u
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December 08, 2016, 12:22:41 AM |
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Nobody is saying sell or Factom is a shitcoin. We are saying why buy at 240k when we see such a weak support at this level despite the recent altcoin rally that Factom got no piece of the pie. You will be able to buy at 80-150k very soon, just hold out, or buy slowly as it drops
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rakesh1_90
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December 08, 2016, 01:08:21 AM |
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The price will only move up after margin longs have been liquidated, this would either take time where the price moves horizontal or the price gets dumped with a spike for the margins to be liquidated. One of the disadvantages of a coin being in margin.
I personally think factom should get listed on more exchanges to negate these effects in future.
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sandwraithBTC
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December 08, 2016, 02:03:39 AM |
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Nobody is saying sell or Factom is a shitcoin. We are saying why buy at 240k when we see such a weak support at this level despite the recent altcoin rally that Factom got no piece of the pie. You will be able to buy at 80-150k very soon, just hold out, or buy slowly as it drops
oh man this dude still can't give up . You don't have any technical trading skill. Only like to talk shit go ahead and bid at 150k if you want. Noone forces you not to do that. goodbye 240k level. We are at 262k level now Note: Papou is really a good indicator indeed. Now it will become the sixth time to do oppositely at what he says in order to earn good profit. Factom has risen back from 200k to 263k now. This should become a golden rule " Papou is a indicator to buy/sell by doing oppositely at what he says because he always advises people to buy at PEAK or sell at BOTTOM so he can take more advantage from naive investors |
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YoyodyneSystems
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Activity: 1386
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December 08, 2016, 02:15:39 AM |
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The smart move will be for the team to launch M2 after BTC is truly in a confirmed decline back to the low 700s.
Hopefully this happens in the next week or two.
Then one could ride the confidence.
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Pap0u
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December 08, 2016, 05:11:24 AM |
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DLook at all the buy support gone once again and run out of steem. Why are you guys trying to rally this when they are dumping hard on you? There is no established floor, just look at the books, its a free fall sell.
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crazyivan
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December 08, 2016, 05:13:55 AM |
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Nice, we slowly go back to 30s.  |
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rakesh1_90
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December 08, 2016, 05:17:15 AM |
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DLook at all the buy support gone once again and run out of steem. Why are you guys trying to rally this when they are dumping hard on you? There is no established floor, just look at the books, its a free fall sell.
Thats how you elevate the price, keep low buy support and buy off the sell wall. U seem novice, but all that noise you create.....Hmm, nothing new on btctalk though. |
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Mrboot
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December 08, 2016, 05:19:23 AM |
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The smart move will be for the team to launch M2 after BTC is truly in a confirmed decline back to the low 700s.
Hopefully this happens in the next week or two.
Then one could ride the confidence.
So far the volume of bitcoin went down, but the resistance not yet broken support at 5300 was hold and now going slowly up again. Sold small of my long margin i opened at 210 for 266 (so indeed all people that didnt listen to Papou made a nice return. Now im short term biased depending on btc i do see btc have a nice run up this week at least to test 5400. |
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crazyivan
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December 08, 2016, 05:46:23 AM |
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DLook at all the buy support gone once again and run out of steem. Why are you guys trying to rally this when they are dumping hard on you? There is no established floor, just look at the books, its a free fall sell.
Quit trying to troll this forum bud so you can buy cheaper. Be a man and accept your loses. Thx a lot. |
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jay8291
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December 08, 2016, 06:09:27 AM |
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In my Opinion, Bitcointalk really needs a Option to Ban anyone from the Thread that they are trolling. This will help many newbies bcoz they do what they see Old members do or tell them....
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jay8291
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I-CHAIN - The Revolution of Digital Advertising
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December 08, 2016, 06:10:33 AM |
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Also Factom is recovering good. There was a nice volume and movement Yesterday. Soon it will be where it belongs to (above 300K), Not below it...
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jay8291
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I-CHAIN - The Revolution of Digital Advertising
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December 08, 2016, 06:14:13 AM |
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The price will only move up after margin longs have been liquidated, this would either take time where the price moves horizontal or the price gets dumped with a spike for the margins to be liquidated. One of the disadvantages of a coin being in margin.
I personally think factom should get listed on more exchanges to negate these effects in future.
Of course Margin liquidations are disadvantage for a Coin. But For whales it is an opportunity to accumulate More. bcoz of them the price gets too low & the Margin accounts gets liquidated and they collect the liquidated coins.... |
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Pap0u
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December 08, 2016, 06:16:20 AM |
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Yea you are all profiting off each other right now. We will break under 220k here shortly. Ivan is still in negative, 300k is a dream right now for at least 12 months until we see it again. You guys just all bought this up and look at the chart. Factom is a great project guys but why can't no one understand we are on the downtrend right now from the SUMMER PUMP. Like just look at the whole chart ffs. I am trying to save you guys money. People will start closing longs soon that were taken at 220k and it will be a bad day for those who are still swimming.
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jay8291
Sr. Member
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I-CHAIN - The Revolution of Digital Advertising
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December 08, 2016, 06:17:49 AM |
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Yea you are all profiting off each other right now. We will break under 220k here shortly.
No i am Holding my Coins for very long time. and if it does fall below 220K. what i will do is just collect more.... |
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Mrboot
Legendary
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December 08, 2016, 06:21:10 AM |
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In my Opinion, Bitcointalk really needs a Option to Ban anyone from the Thread that they are trolling. This will help many newbies bcoz they do what they see Old members do or tell them....
No we dont like centralized decisions  we likr freedom thats why we support crypto  Also Factom is recovering good. There was a nice volume and movement Yesterday. Soon it will be where it belongs to (above 300K), Not below it...
I think this depends mostly on bitcoin atm, will it break up or down. |
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5thangel
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December 08, 2016, 07:23:18 AM |
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Moon' are going to come out soon  |
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