[ANN] FACTOM - Introducing Honesty to Record-Keeping - page 229.

spacezx

newbie

Activity: 61

Merit: 0

Quote from: GrossBit on October 01, 2016, 11:21:35 AM

the value of a blockchain is not defined by the size of its GitHub.

I wanna see clients buying Factoids. I want Factom to say
"Company X promised to publish hashes regarding its (...) in Y amounts of data every year, and will be buying Z USD worth of entry credits."

They'd better to find clients quick, else, people will start to think that after all, Factoids are way too expensive.

Actually the only profit that FACTOM ever made, probably was by dumping as much FCT they could on both the way up to 0.0065 and then down to here....

So, based on what you said you will not buy back any FTC soon ?

And you believe FTC is a shit coin, because they don't have any clients at the moment.

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Quote from: dranster on October 01, 2016, 11:29:24 AM

Quote from: crazyivan on October 01, 2016, 11:25:50 AM

Such an obvious market manipulation which triggered a huge margin call which in turn filled low buy order of the whale manipulator.

In order to close the loop, the whale now needs to push the price to 500 again to be able to sell. This has been repeating over and over again. He s gonna push up buy orders to 1200 BTC now and keep pushing till the next dump.

This has nothing to do with FCT delay, it has everything to with you people talking how they "exited" with these "highly technical" stop loss triggers.

) He s been using you like sheep and lots of you have been losing money on this.

BE SMARTER!

Poor BAGHOLDER Grin

See, this is the logic. This is how an average troll things, communicates and acts. Sorry to disappoint you, you need to troll much, MUCH harder to get my coins.

flashbit

hero member

Activity: 1008

Merit: 505

Quote from: dranster on October 01, 2016, 11:29:24 AM

Quote from: crazyivan on October 01, 2016, 11:25:50 AM

Such an obvious market manipulation which triggered a huge margin call which in turn filled low buy order of the whale manipulator.

In order to close the loop, the whale now needs to push the price to 500 again to be able to sell. This has been repeating over and over again. He s gonna push up buy orders to 1200 BTC now and keep pushing till the next dump.

This has nothing to do with FCT delay, it has everything to with you people talking how they "exited" with these "highly technical" stop loss triggers.

) He s been using you like sheep and lots of you have been losing money on this.

BE SMARTER!

Poor BAGHOLDER Grin

and... yet another fudster... like rats coming out of the sewers...

dranster

hero member

Activity: 546

Merit: 500

Quote from: crazyivan on October 01, 2016, 11:25:50 AM

Such an obvious market manipulation which triggered a huge margin call which in turn filled low buy order of the whale manipulator.

In order to close the loop, the whale now needs to push the price to 500 again to be able to sell. This has been repeating over and over again. He s gonna push up buy orders to 1200 BTC now and keep pushing till the next dump.

This has nothing to do with FCT delay, it has everything to with you people talking how they "exited" with these "highly technical" stop loss triggers.

) He s been using you like sheep and lots of you have been losing money on this.

BE SMARTER!

Poor BAGHOLDER Grin

flashbit

hero member

Activity: 1008

Merit: 505

FUD campaign is strong today.. You can tell very easily by all the newbies comments today.. Too funny...

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Such an obvious market manipulation which triggered a huge margin call which in turn filled low buy order of the whale manipulator.

In order to close the loop, the whale now needs to push the price to 500 again to be able to sell. This has been repeating over and over again. He s gonna push up buy orders to 1200 BTC now and keep pushing till the next dump.

This has nothing to do with FCT delay, it has everything to with you people talking how they "exited" with these "highly technical" stop loss triggers.

) He s been using you like sheep and lots of you have been losing money on this.

BE SMARTER!

flashbit

hero member

Activity: 1008

Merit: 505

Quote from: GrossBit on October 01, 2016, 11:21:35 AM

Quote from: flashbit on October 01, 2016, 11:12:19 AM

Factom devs are still very active.. Paul said testnet will be released in a matter of weeks.. Pegging mid Oct for this.. and then full release in November. Just a guess but who the hell knows at this point. Huh

With btc rising not many good bets atm.. At the end of the day still think we have a big winner here. Slowly accumulating.

the value of a blockchain is not defined by the size of its GitHub.

I wanna see clients buying Factoids. I want Factom to say
"Company X promised to publish hashes regarding its (...) in Y amounts of data every year, and will be buying Z USD worth of entry credits."

We don't see any such announcements, because they don't exist.
All i see is that according to FACTOM CEO's himself, is that there are 3,500,000 cumulated entries in Factom,
and if my math is correct, you need 3,500,000 EC at $0.001 a piece, and they earnt a formidable 35,000 USD with that...

They'd better to find clients quick, else, people will start to think that after all, Factoids are way too expensive.

But yet there is 66M records now hashed into the blockchain.. What are you smokin' bitcointalk newbie... Huh

Embat

hero member

Activity: 1204

Merit: 501

Radix-The Decentralized Finance Protocol

Guys this is the most impresive project and it will be used in future bussiness data structures and all fields with statistic and you have doubts

Well I have not and I am not going to miss the waves. Get your surf and make fun

astmandu

member

Activity: 84

Merit: 10

Quote from: GrossBit on October 01, 2016, 11:15:25 AM

Quote from: mig5000 on October 01, 2016, 11:12:03 AM

Looks like a huge margin call to me.

People probably got over leveraged and by pulling the walls, people got liquidated. As soon as the order book gets empty, the margin drops really fast. Nobody is stupid enough to dump 1000+ BTC at once and lose 25% (250 BTC).

Which I was there to buy in the low 30s. Bought a good chunk at 35s.

yes a huge margin call, but you know, the market has printed here in MASSIVE volume. shorts are taking their profits. longs who bought at 0.00500 and above are crying, the market is broken. it will not bounce from here, we all wish it, but all we can expect is a dead cat bounce up to maybe 0.0042 and then its down to 0.0025....

I'm not sure how to gauge the short term...a lot really depends on whether BTC tries to break-out or not. Lately when it bursts out a little all the alts retreat, then BTC loses momentum the alts come back. If testnet gets pushed before long then I see FOMO happening.

GrossBit...I see you on the DEOS thread. I'll hop over there and post a few things I've learned/got questions about.

GrossBit

full member

Activity: 174

Merit: 100

Quote from: flashbit on October 01, 2016, 11:12:19 AM

Factom devs are still very active.. Paul said testnet will be released in a matter of weeks.. Pegging mid Oct for this.. and then full release in November. Just a guess but who the hell knows at this point. Huh

With btc rising not many good bets atm.. At the end of the day still think we have a big winner here. Slowly accumulating.

the value of a blockchain is not defined by the size of its GitHub.

I wanna see clients buying Factoids. I want Factom to say
"Company X promised to publish hashes regarding its (...) in Y amounts of data every year, and will be buying Z USD worth of entry credits."

We don't see any such announcements, because they don't exist.
All i see is that according to FACTOM CEO's himself, is that there are 3,500,000 cumulated entries in Factom,
and if my math is correct, you need 3,500,000 EC at $0.001 a piece, and they earnt a formidable 35,000 USD with that...

They'd better to find clients quick, else, people will start to think that after all, Factoids are way too expensive.

Actually the only profit that FACTOM ever made, probably was by dumping as much FCT they could on both the way up to 0.0065 and then down to here....

flashbit

hero member

Activity: 1008

Merit: 505

Quote from: GrossBit on October 01, 2016, 11:15:25 AM

Quote from: mig5000 on October 01, 2016, 11:12:03 AM

Looks like a huge margin call to me.

People probably got over leveraged and by pulling the walls, people got liquidated. As soon as the order book gets empty, the margin drops really fast. Nobody is stupid enough to dump 1000+ BTC at once and lose 25% (250 BTC).

Which I was there to buy in the low 30s. Bought a good chunk at 35s.

yes a huge margin call, but you know, the market has printed here in MASSIVE volume. shorts are taking their profits. longs who bought at 0.00500 and above are crying, the market is broken. it will not bounce from here, we all wish it, but all we can expect is a dead cat bounce up to maybe 0.0042 and then its down to 0.0025....

I would agree if we were months away from a release but given we are now only weeks away I think we settle in low 40s.. unless BTC takes off.

GrossBit

full member

Activity: 174

Merit: 100

Quote from: mig5000 on October 01, 2016, 11:12:03 AM

Looks like a huge margin call to me.

People probably got over leveraged and by pulling the walls, people got liquidated. As soon as the order book gets empty, the margin drops really fast. Nobody is stupid enough to dump 1000+ BTC at once and lose 25% (250 BTC).

Which I was there to buy in the low 30s. Bought a good chunk at 35s.

yes a huge margin call, but you know, the market has printed here in MASSIVE volume. shorts are taking their profits. longs who bought at 0.00500 and above are crying, the market is broken. it will not bounce from here, we all wish it, but all we can expect is a dead cat bounce up to maybe 0.0042 and then its down to 0.0025....

flashbit

hero member

Activity: 1008

Merit: 505

Factom devs are still very active.. Paul said testnet will be released in a matter of weeks.. Pegging mid Oct for this.. and then full release in November. Just a guess but who the hell knows at this point. Huh

With btc rising not many good bets atm.. At the end of the day still think we have a big winner here. Slowly accumulating.

mig5000

sr. member

Activity: 324

Merit: 250

Looks like a huge margin call to me.

People probably got over leveraged and by pulling the walls, people got liquidated. As soon as the order book gets empty, the margin drops really fast. Nobody is stupid enough to dump 1000+ BTC at once and lose 25% (250 BTC).

Which I was there to buy in the low 30s. Bought a good chunk at 35s.

astmandu

member

Activity: 84

Merit: 10

Quote from: GrossBit on October 01, 2016, 11:05:14 AM

Yes probably there has been some big players playing FCT on the short side, and they managed to push down the market to its pain level and trigger stop loss activity.

Longs are destroyed, probably today, shorts are taking a lot of their profits today, and the market will continue to slide down at a more gentle pace to where the steep rise began...

With M2 out, there is no short term speculative story to be told in FCT.

It may be "relatively" undervalued, but thats just a perception and market positioning is crucial in making trading decisions.

FCT will rise IF/WHEN they find clients who spend $$$$ to use the Factom Blockchain, as simple as that. IF and WHEN it happens, be sure that FCT will be much higher than we've seen this year. If it doesn't happen quickly, then FCT will die...because a new player will emerge. Factom has only the first time mover advantage for them. Don't they waste it please.

To be honest, i didn't think 1 month ago we would see today's price. Fortunately i have a stop-profit/loss policy and exited in time...

Completely agree...there was apparently more shorting opportunity in this than I gave credit for. Lots of margin calls and liquidations it looks like. On the flip side, shorts must cover some day, new people come in with a basis at current levels, and the cycle continues. A few months from now those who loaded up at these levels will dump at a new one. I love this stuff!

nowhere man

member

Activity: 77

Merit: 10

Quote from: GrossBit on October 01, 2016, 11:05:14 AM

Yes probably there has been some big players playing FCT on the short side, and they managed to push down the market to its pain level and trigger stop loss activity.

Longs are destroyed, probably today, shorts are taking a lot of their profits, and the market will continue to slide down to where the steep rise began...

With M2 out, there is no speculative story to be told in FCT.

It may be "relatively" undervalued, but thats just a perception and market positioning is crucial in making trading decisions.

FCT will rise IF/WHEN they find clients who spend $$$$ to use the Factom Blockchain, as simple as that. IF and WHEN it happens, be sure that FCT will be much higher than we've seen this year. If it doesn't happen quickly, then FCT will die...because a new player will emerge. Factom has only the first time mover advantage for them. Don't they waste it please.

This is a critical point. M2 is just an update of their original plan (a crucial update I concede). The Factom team have done really well pulling all these big companies on board, but investors need to be convinced that these companies will drive up demand for Factoids. We've all mused over the current number of entry credits that need to be sold to sustain the current price. Would it not be sensible for the team to start giving estimates of the number of entry credits future companies will be using - at least then I might be able to ignore the suspicious 500btc dumps and play the long game.

spacezx

newbie

Activity: 61

Merit: 0

haha ... 4500 BTC sold and still 950 BTC on buy orders.... lots of FUD by many people on the forums....don't trust anyone...they are short term traders and just want your money in their pockets.

Factom is a real company , with real dedicated team , real project, not a ponzy shit coin on polo ... stop spreading FUDs.

Cool

GrossBit

full member

Activity: 174

Merit: 100

Yes probably there has been some big players playing FCT on the short side, and they managed to push down the market to its pain level and trigger stop loss activity.

Longs are destroyed, probably today, shorts are taking a lot of their profits today, and the market will continue to slide down at a more gentle pace to where the steep rise began...

With M2 out, there is no short term speculative story to be told in FCT.

It may be "relatively" undervalued, but thats just a perception and market positioning is crucial in making trading decisions.

FCT will rise IF/WHEN they find clients who spend $$$$ to use the Factom Blockchain, as simple as that. IF and WHEN it happens, be sure that FCT will be much higher than we've seen this year. If it doesn't happen quickly, then FCT will die...because a new player will emerge. Factom has only the first time mover advantage for them. Don't they waste it please.

To be honest, i didn't think 1 month ago we would see today's price. Fortunately i have a stop-profit/loss policy and exited in time...

Embat

hero member

Activity: 1204

Merit: 501

Radix-The Decentralized Finance Protocol

https://github.com/FactomProject/factomd

tempus

legendary

Activity: 1960

Merit: 1128

Quote from: nowhere man on October 01, 2016, 10:50:45 AM

I am billybigpotatoes in polonibox. Check my post history if you like. I'm not anti factom. I haven't got the funds or influence to manipulate the price. This could be quite easily fixed by some comms from the dev team. Which we won't get.

I don't say that you manipulate. But the moves in the orderbook are so massive. I saw that hundreds of Bitcoins on the buyside were pulled and now it's back at about 900 BTC.

Something like that doesn't happen in some seconds without manipulative intention.

Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 229. (Read 2115900 times)