[ANN] FACTOM - Introducing Honesty to Record-Keeping

[tempus]

It drops because Bitcoin goes up. Huobi seems to lead the show.

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[Ahaezod]

It drops because Bitcoin goes up. Huobi seems to lead the show.

Also because of the sudden pump. The people not interested by the news and the underlying tech simply dumped their stake for profit, taking probably 10/15%.

[Pap0u]

Plenty of money being made, way more than 10-15%.....big league.....I am telling you short while you can or close out longs now. We will crash to 250 or below.

[flashbit]

Plenty of money being made, way more than 10-15%.....big league.....I am telling you short while you can or close out longs now. We will crash to 250 or below.

Ya just like 150 eh?? What a joke.

[tempus]

It drops because Bitcoin goes up. Huobi seems to lead the show.

Also because of the sudden pump. The people not interested by the news and the underlying tech simply dumped their stake for profit, taking probably 10/15%.

Many don't even understand the news. They see an announcement but don't think about what this means:




Eight Federated Servers - Increased censorship resistance and globally distributed.

Eight Auditing Servers - 8 new auditing servers supporting the network.

Confirmations In Seconds Instead of Minutes - 600X improvement

More Transactions Per Second - 5X improvement.

Merkle Proofs More Accessible - Proof of Existence made easy with the factomd API.

Distributed Peer to Peer Network - Resistant to denial of service type attacks.

Graphic Control Panel For Nodes - Easily see the activities of the Factom network.

BIP 44 Wallet Support - Factoids can now be integrated into a wider range of wallets.

Robust Testing Infrastructure - New public test net and suite of testing tools.

Support For Multiple Blockchains - Bitcoin and Ethereum network.

- See more at: https://www.factom.com/blog/factom-federation-release#sthash.R78pDKjZ.dpuf



And if they get it they ask where is it? Factom also answers that question:

Factom Federation is a significant upgrade from Factom Genesis. We will be rolling out Factom Federation and migrating our users, clients, and customers over the next few weeks.  


Thing is: They will push out some nice releases the next weeks. Those with the big buy-walls have understood. ;-)

[Pap0u]

Ok so my question is if an entry credit is 0.05 cents, why are Factoids over $3 dollars? How does this make sense if they get swapped 1 for 1 and burned? They need to have parity....minus some demand ofc. Thats the point we make here, Factom is already way passed overvalued for the time being. Also we see clear insider trading with the pump days before M2 news. Now it will be a sell the news with sustained volume to those thinking paying $3 dollars for something currently worth $0.05 cents is a smart move short term, we will likely drop a bit lower than before then start creeping up as contracts are made and entry credit prices actually go up.

[siaubas]

It drops because Bitcoin goes up. Huobi seems to lead the show.

Also because of the sudden pump. The people not interested by the news and the underlying tech simply dumped their stake for profit, taking probably 10/15%.

Many don't even understand the news. They see an announcement but don't think about what this means:




Eight Federated Servers - Increased censorship resistance and globally distributed.

Eight Auditing Servers - 8 new auditing servers supporting the network.

Confirmations In Seconds Instead of Minutes - 600X improvement

More Transactions Per Second - 5X improvement.

Merkle Proofs More Accessible - Proof of Existence made easy with the factomd API.

Distributed Peer to Peer Network - Resistant to denial of service type attacks.

Graphic Control Panel For Nodes - Easily see the activities of the Factom network.

BIP 44 Wallet Support - Factoids can now be integrated into a wider range of wallets.

Robust Testing Infrastructure - New public test net and suite of testing tools.

Support For Multiple Blockchains - Bitcoin and Ethereum network.

- See more at: https://www.factom.com/blog/factom-federation-release#sthash.R78pDKjZ.dpuf



And if they get it they ask where is it? Factom also answers that question:

Factom Federation is a significant upgrade from Factom Genesis. We will be rolling out Factom Federation and migrating our users, clients, and customers over the next few weeks.  


Thing is: They will push out some nice releases the next weeks. Those with the big buy-walls have understood. ;-)

The price movement is not about the news, or what is in the news. That's why time and again the majority of you will be baffled. Hey M2 is here, we're going to the Moon!... Not.
It's all about keeping everyone surprised and making the most money in the process. Play the long game, do not overleverage, take some profits on spikes, and you'll be OK. You'll be surprised again and again, on bigger spikes than you expect, and on bigger dumps than you expect.

[lolikop]

bigger the dumps the bigger the pump were gonna see a new ath soon dont even try to sell at 0.01 unless u wanna cry real hard

[siaubas]

bigger the dumps the bigger the pump were gonna see a new ath soon dont even try to sell at 0.01 unless u wanna cry real hard

IF it reaches 0.01, it would be stupid not to sell some. If only to buy a bottle of champagne. Or to put some cash aside for a possible dip. Or to diversify. Sure, it might rise even higher, or you might end up just like those Monero fanbois.

[MontyK]

Ok so my question is if an entry credit is 0.05 cents, why are Factoids over $3 dollars? How does this make sense if they get swapped 1 for 1 and burned? They need to have parity....minus some demand ofc. Thats the point we make here, Factom is already way passed overvalued for the time being. Also we see clear insider trading with the pump days before M2 news. Now it will be a sell the news with sustained volume to those thinking paying $3 dollars for something currently worth $0.05 cents is a smart move short term, we will likely drop a bit lower than before then start creeping up as contracts are made and entry credit prices actually go up.

The fact that you even asked that question shows what a dork head you are.  You absolutely have no clue what this coin is about.  I suggest you go and do some research and clue yourself up.  Jesus...I can't believe how much of a fuckwit you really are.
 

[AlanX]

Ok so my question is if an entry credit is 0.05 cents, why are Factoids over $3 dollars? How does this make sense if they get swapped 1 for 1 and burned? They need to have parity....minus some demand ofc. Thats the point we make here, Factom is already way passed overvalued for the time being. Also we see clear insider trading with the pump days before M2 news. Now it will be a sell the news with sustained volume to those thinking paying $3 dollars for something currently worth $0.05 cents is a smart move short term, we will likely drop a bit lower than before then start creeping up as contracts are made and entry credit prices actually go up.

Entry credits are held around .1 cents.  There is an exchange rate, so they are not swapped 1 for 1.  At $3 an FCT, they are exchanged at 3000 Entry Credits for 1 FCT.

As the price goes up, fewer FCT are burned for the same activity in the protocol.  Once elections are in place, we grow the supply when the price goes up (fewer FCT are burned), and lower the supply (more FCT are burned) when the price goes down.  So the token is (eventually) self stabilizing.

[crazyivan]

Great stuff Paul, glad to see things re moving forward quite well. As a token holder, now I d like to see Exodus do their part of the deal and deliver that wallet they ve promised. After that, I hope to get more and more business getting into Factom.

Anyway, will repeat once more, there s no single promising project better then Factom in the entire crypto. Those who cannot see this re not for this industry.

[siaubas]

Anyway, will repeat once more, there s no single promising project better then Factom in the entire crypto. Those who cannot see this re not for this industry.

I don't know them all, but you're probably right, CrazyIvan.
Just don't get rekt with all these wild swings.

[Pap0u]

Great stuff Paul, glad to see things re moving forward quite well. As a token holder, now I d like to see Exodus do their part of the deal and deliver that wallet they ve promised. After that, I hope to get more and more business getting into Factom.

Anyway, will repeat once more, there s no single promising project better then Factom in the entire crypto. Those who cannot see this re not for this industry.

Stratis is a pretty promising project...

[rakesh1_90]

we finally broke 410k. yes. Go Factom to da moon..

This really is moon hard. Hold your seats ladies, this is going to be a fast and bumpy ride.

Buy on rumor and sell on news, will this be repeated would be interesting to see.

imo, Market looks poised for that.

Just need to call the shots right.

[Pap0u]

420k was top guys. M2 isn't justification enough to start permanently adding millions of dollars to factoms market cap. It's going to sway up and down here and there but generally a downtrend...take profits where you can.

[zoose]

420k was top guys. M2 isn't justification enough to start permanently adding millions of dollars to factoms market cap. It's going to sway up and down here and there but generally a downtrend...take profits where you can.

You, CONSISTANTLY, give horrible advice & then back it up with stupidity.

[Mrboot]

420k was top guys. M2 isn't justification enough to start permanently adding millions of dollars to factoms market cap. It's going to sway up and down here and there but generally a downtrend...take profits where you can.

Can you now finaly stop it you said the same at 240 and now its 380.

You obvious dont understand even 1% of the economics behind factom, you annoy so many people here not cause you think it go down or it might but just cause it keeps the fud here 24/7. No wonder people dont return to the factom forum.
Your 1 on 1 swap theorie with 5 cent entry credits made for sure a lot people laugh.

Make yourself a factom papou factom price prediction forum (guess no one will join though, but that shows how much we care).

It can go down or up, serieus lets get some informative talk here.

[crazyivan]

I think we should ignore the troll. Once he s left hungy, he ll give up.

[Pap0u]

Lol, yea I'm so troll. Go look at the price now and buy support LOL