Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 146. (Read 2115898 times)

Why would the price be nonsense? The value of FCT x the amount of FCT out there does not reflect the value of Factom as a company. So I have no idea what your statement is based on. FCT is not a currency either. You can buy Entry Credits with FCT. The current price of FCT represents 17.5 billion EC's or in other words: 17.5 billion entries. Currently Factom is at 5.5 million entries. As soon as Factom shows a big increase of entries the price will start rising.

Disclosing: I am an owner of FCT tokens because I believe in the potential of this company. Once they get a big client in, it can go pretty fast with the amount of entries on their chain and then the value of FCT will rise accordingly.

I do have a question about how this whole thing works in practise though. Do clients buy the FCT themselves? If so, are they supposed to go to exchanges? I assume that is not the case. I have never understood this completely. For example: I own a company and want Factom to help me storing data on the chain. What am I suppose to do as a non technical person? Is Factom helping me with this? I guess Factom is not sending me to some exchange with a troll box to buy FCT, are they?

Secondly, what is Factom's aim regarding the amount of unburned FCT out there at any point in time? Do they have a desired ratio for this? For example. with the current price you can get 17.5 billion EC's. Is that close to a desired status quo or not? Can they influence that and if so, how? Isn't it a problem that so many FCT are in the hands of people who never would use FCT for buying EC's?

I would like to see an answer from Factom on questions like these..

That's why everyone who understands the value of Factom should be buying everything they can now (I'm not saying it will rule the world but we can all agree the current $2 price is nonsense).

It's getting tiresome but once M2 comes out I'm sure manipulators and whales will let it fly to 500k and beyond (or whatever above $5-6 price would be in BTC). And honestly considering the supply that would be pretty cheap too.

I can't wait to have my FCT on my Exodus wallet.

The only reason it isn't pumping is because it is supposed to pump, Factom is literally the only coin that deserves and should be pumping yet it doesn't because that's how they make money, by doing the opposite of what's expected and making people make mistakes. Great news comes out, everybody longs, so they dump it to make people close or get liquidated. It's quite amusing lol and these market players are just too predictable. They really need to switch it up.

THIS!

What other coins or why has not this happened already? WE NEED A WALLET!

Would be nice to see a rally though eventually to try and liquidate all these die hard shorters lol, even though it would be highly unexpected?, but justified. I mean what other coin can literally pump right now and be fully justified?

Happy holiday

I really cannot figure out Polo trading patterns, if there re any, so I ll stay out of it for now. 25 days till the end of 2016, we all hope Paul s best guess will be a good one.

Looks like a whale was trying to buy a few margin alts as they dropped and decided to exit most of them simultaneously? BTC seems to have topped out near june highs and scaling is moving at snails pace so maybe he was a bit too trigger happy?

What about DLoc?


http://siliconangle.com/blog/2016/11/22/smartrac-launches-document-authentication-solution-using-factoms-blockchain/

Correct. On Polo you can't see any sign about the market expecting anything. This is just a normal movement in the light of the current shape of the alt market.

thats natural at this stage that as price goes down, people get reluctant to take their losses. At the moment, the dire condition of the alt market has pushed FCT down, all together with longs taking profits and late longs taking losses and a few shorts pushing the market down...

but we didn't see really negative news from Factom side, actually rather positive news overall. so after that correction period and FCT having changed hands, its expected to see less selling interest at these prices, unless there are new incentives. So its less about the market expecting something than longs hoping and still confident the current price is low

Also the number of coins offered for sale s been constantly dropping. It seems the market s been expecting something.

Longshots pay off I backed Bournemouth at 450/1 today to beat Liverpool when they were 3-1 down (Sunday)

thanks , I have missed my opportunity to buy some earlier  

BTC went down big time, so I d say we ll go back to 30 now. Interesting to see how both LTC and FCT faced that big dump and the same time on Polo.

Yes, but I would play it safe and put a bid in maybe 220k and average down if it goes under 200k.

When is the best time to buy FCT ? Any chance to see 0.0025 againe?

Well like I said long term I believe in Factom but that could be the better part of 12 months. I have bought a few at 400k which I am holding, I have bought in at 300k, which I am holding, and I take varying positions on margins every day or few days. Just saying I feel we will touch 200k at the least, could be 150k honestly, before we start to climb up again, just like the first pump. Its sad to lose so much value for no reason really but its just what the market is doing....very weird if you ask me but hey ill take it.

So that's why you switched from supporting to FUDding. Don't get greedy or that short will bite you.

Only if btc goes to 1k and m2 still not released thats still a big gamble so i dont think so its like betting leichester winning prem league 1 in 5000