Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 143. (Read 2115898 times)

Its not just FACTOM that is losing value. Just check out the Poloniex Market. Everything is Crashing there. ETH, XMR, LTC, FCT. Also there was Big Dump on REP also. Someone dumped REP to 10k satoshi from 350 K satoshi. Yes thats 350 K.

Everything is crashing today.....

Just came across this in the MAID forum and I think there are some interesting parallels with FCT. User is "Jabba," a main contributor to the forum.

https://safenetforum.org/t/maidsafecoin-maid-price-trading-topic/9923/814

"Until we have a live network the prices are just noise. They are basically meaningless. It's purely speculators entering to make a profit, then leaving to try to make short-term profit elsewhere when they see an opportunity. All price changes reflect is whether most speculators think BTC will go up more first, or whether MAID will. At the moment most speculators think BTC is more likely to keep going up over the next few days. Maid fell slower than other alts at first because there was more expectation of something interesting happening in MAID quite soon. Now quite a few people changed their minds because BTC buy signals stayed strong and support has been strong enough to suggest BTC might keep going up for the next week or more.

When BTC eventually retraces some of the gains MAID will probably recover most of the value, but it will still be meaningless really. Unless you are just in for short term trades then prices mean nothing and should not really annoy anyone. I bought my coins with the hope that they will be worth close to $1 each [MAID is currently ~$.05] soon after launch, presuming it all works as we hope. It might take a bit longer than any of us had hoped, but that hasn't changed, so it really makes no difference how the price yo-yo's between 2c and 20c before then imo.

It's fun watching it go up and sad to see it go down, but it really doesn't make any difference for now, unless you're brave enough to trade it for gains. If the network launches successfully and we're sitting on coins worth under 50c a few months later, then I think we all have the right to be a little shocked and scratch our heads wondering why. For now these price changes are irrelevant and only reflect the very short-term expectations of speculators, with zero utility demand to provide stability or price support."

I think this is an interesting perspective. The main difference though is that M2 is around the corner, while the network release for MAID is 2-3 months away.

Lets all hope m2 will be out soon for some good news, cause were losing so much on daily basis now.

Come on factom team! In you we trust.

Good to see the entry's picking up again, and even without m2

Simple answer...... GAME.
Has the potential to be the most used crypto, including Bitcoin, starting from tomorrow. 

Nobody asked you for anything. Everybody is free to state his/her opinion. Don't make yourself more important than you are.

Oh, I think I made a mistake here.

The servers can only observe the market.  They can only reflect internally on the network what is happening on the market.  When Factoids are worth more, they can buy more ECs. By simulating a high price, someone running a testnet can purchase lots of fake Entry Credits on their own computer. 

If someone were to spin up a local testnet, they would have 20,000 fake factoids on their local machine to run their network and test the software.

Would you please care to elaborate this? I was not trying to twist your words but I m not a dev and I do not understand your point. I see there re others who feels the same way on the forum.

About dumpers and those having second thoughts about FCT, well, if you cannot resist the urge to sell and lose money, do it. Please do not come here and ask for our approval of that cause I m not gonna give it. I didnt come here to lose money and I have full faith in this token and the fundamentals behind it.

i was trying to stay silent but can't now
this Papou is very famous at trolling
I know him in cryptopia slack. If you do oppositely in his statement , you will earn profit

Note: i was smart enough to not listen to him to buy Strat at the peak price because he keeps telling people to buy with the reason " noone is selling it. Then what? few days later, big dump -50%"

DON'T LISTEN TO THIS TROLL , EVERYONE.

Check his history of postings

oh how words get twisted.  In order to help developers, when they spin up a personal testnet, now they can test with 2 terabytes before switching keys, etc.

I made no price predictions.

Someone hopes people sell based on this statement. lol. Everybody know orderbooks don't tell half of the story, so it's not true. What we are seeing now is a combination of 1. larger holders trying to put pressure on the price to accumulate right before a speculative rise starts again based on m2 and 2. panic sellers who have no idea what is going on. We'll see a turnaround soon, followed by a steadier market. The market depth is looking better than yesterday. Much less buys are needed to drive the price up, compared to sells to drive it down.

Why will m2 make it go up? M2 isn't going to add value, only speculative value. Everyone says about m2 but does anyone even know what it is? I'm looking at the charts and the order books and honestly we might see 80k which is scaring me lol.

Just keep buying low, Factom has potential and it will rise but if you're looking to cash out it will be frustrating. Hold Long!

I have Paid 390K for the Factom that i am holding. Hoping M2 to be released before it dips to 150K. If it really going to Dip that low i think i will sell now and buy later.....

That's the problem, it's crazy. I think we just don't understand how a Factoid should be priced? Or maybe like they said right now Factoids are actually pumped and we are all hyping the future price of a Factoid but we are a long way away. I think we will dip down to 150, m2 will pump it back to 300k and then it will dump way back down for maybe 12-15 months until m3 and we start to actually see clients use Factom. Factom will be amazing, you just need to baghold for over a year but the problem is how much do you wanna pay for that bag because yea Ivan even if you paid 600k today for your FCT you still got like over a 10x profit in the future but right now we are at 230k for no reason at all, dumped down from about 400k just over a month ago, for no reason at all. Actually plenty of great news and we dumped that much. So yea, even though Factom will be a winner, do you wanna pay 150k or 600k?

Brian just said he expects Factom to get to $100 in the future and I m sure the man knows what he talks about.

If you cannot hold on and survive rough waters, simply take your loss and leave.

You need to have patience people, walk away from your PCs and do not check the price every 2 minutes. We will see M2 this month and a few months after that, we ll see through power of Factom.

For now, hold on and stay strong. Nobody s getting killed or losing money UNLESS you sell. So don't be stupid, don't sell. We all know if this projects does not deliver and makes us money, well, then almost nothing in crypto will.

Ask yourself a simple question: DO YOU SEE A PROJECT WITH MORE POTENTIAL IN THE ENTIRE CRYPTO? Base your buy/sell decision on that answer.

Common Factom, do something. Where is M2. I am seeing daily my Est BTC getting reduced. I trust in this project and waiting eagerly for M2....

Because think about it. First of all it's way easier to dump a price then pump it and Factom is marginable meaning you can make money by shorting it. Also like many have said, the long term future of Factom is great, just not short term. Only so many buyers until they run dry.....this is such a small market so where exactly are we finding people to sign up on Polo and buy? Factom also pumped in the summer.....so this is the retrace we are seeing and people getting out, using the good news as volume to sell off. When we go below 150 we will start to see slow accumulation again, GrossBit is right. 150 looks like the bottom target.

Let me state for the record, I do not support this personally, meaning I wish Factom could pump and it is the only crypto coin that honestly deserves to at is point but I am smart enough to perceive reality.

C'mon factom get us to m2 in the coming weeks. Show the fudders that loyalty pays out.

haha... 'hilarious' is probably not the adjective I would use. I'm genuinely perplexed as to the benefit of keeping the price so low if this really is straight up manipulation. Although you did call the dive... props to you!

This is quite hilarious to watch.