Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 138. (Read 2115898 times)

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.

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.

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?!?

Ha -- looks like our post crossed paths, but ended up at the same place ... I have a crypto business partner and he and I came up with the same theory independently as well. Doesn't nec mean it's correct, but def seems the most plausible atm ...

I'll take you at your word that you aren't bearing ill-will, but to suggest the trolling of this forum is of equally value—merely "the other side of the coin"—is akin to saying flat-earthers and round-earthers have equally defensible positions. 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 should note that the trolling going on here, while some of the most disruptive I've seen on a crypto forum, isn't limited to FCT. MAID, ETH, and other projects have recently been hit by likeminded trolls passing around similarly fake arguments and generally—the bottom line is always the same—trying to get people to sell. Some of this may be exhausting from the BTC rise / Alt fall, a lot of it is almost certainly from people shorting the shortable coins, but I don't think this accounts for everything.

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.

Why o why is a good project like factom being dumped while it should not!



Simple its a fact (om) it will be expensiver like any other altcoin ever existed but why not manipulate it before m2 release to collect cheaper


Heres ur answer pap0u im sure u will find this bollocks but u soon find oit

Against popular will I would like to respond. I come baring no ill-will.
I do not think your thoughts on price prediction are outlandish, stupid or worse. I think there is a possibility of what you speak of however small or big and I choose recognize it, like the other side of the coin. However, would it not be much more beneficial to say your predictions and just wait to let it happen rather than try to convince people who are not going agree with you at this point in time. So lets not waste our collective energy and just let the market speak!
Nod in silence if you agree.

The only point I could think of is "IGNORE BUTTON"

Yea and no one gives solid explanations as to why Factom has dumped so much, no rebound, no buy support at any level, it always free falls.

No one gives as to why it will pump all of a sudden, but let people pay cheap prices RIGHT before a massive pump? What fantasy land do you guys live in, no wonder you lose so much money.

exactly, but then also don't use every post by him to say that. He likes it... Just completely ignore him from now on.

that's why i say this Papou is a  real troll (known him for over 2 months) 

Guys, it would help a lot if we all put Pap0u on 'ignore'. Giving him attention by quoting his replies here and responding to him, is only giving him what he wants. So, lets just all click the ignore button and don't see his FUD here again, so no need to feel to respond. The fun of posting these things will be gone soon then. He is not adding anything to this forum.

240k was a dump price, and no rebound LOL. Like dudes come on we were just easy at 300k steady and that was a dump price from 400k. I want someone to explain to me why 239k which it's struggling at, isn't going to dump to 80k? Stop letting the whales exit at premium prices.

link not working

Every alt mostly is pumping and getting some money put back in yet FCT is struggling to float above 240k and only reason it's even that high still is from you buyers thinking it's pumping

Factom just tweeted this:

Going to this awesome event tonight!

https://twitter.com/factom/status/806531376325525504

Dont know if it is only related to the event or they have something special to announce

I agree, Luckily it's quite clear who you should block on this forum to see 80% less price related shizzle...

Its just sad its only about the price nowadays and not about the news.

Lots of interesting thoughts on the threads, it's just too bad that they are polluted or have to stem from some ego battles.

Factom has all the key to succeed: new techno, solve real world issue, influential people's support, a dedicated quality team, first on the market. The only credible competitor atm is apostille, which is currently dwarfed by Factom's prestigious supporters. Apart from altcoin dedicated newpapers, have you read a single article on Apostille?

It's obviously a long term holding. The price won't skyrocket overnight. So there is just no need to whine about the short term fluctuations of the price.

I'd gladly mute/ignore some people but from time to time, they have interesting thoughts to share. Let the fudders fud, and the hyppers hype. The readers are grown enough to judge.

Im all in at the 200k dip.
Hopefully a year or two from now I can quote this post when I buy my new Bugatti.