The market seems to be growing as when we visited 260k the 30th. There we saw some 350-400K FCT on sell walls and some 1000 BTC in buy walls. These last few days we've seen the buy side increase to around 600 BTC on Polo.
I think we've seen an increase of FCT on the sell side since people are trying to make it look "bearish" to accumulate at lower levels however the buy side has also increased and it's becoming increasingly hard to contain FCT at predictable levels to play ping pong with it. We're very close to M2 and the code for anchoring into Ethereum seems to have been completed today https://github.com/FactomProject/EthereumAPI and we could hear a new valuation of the Factom network from VCs any day now. So well it's bubbling. I think people prefer putting up fake sell walls to bring down the price to create another wave over shorting for these reasons.. a short right now is frigging dangerous but a long rewards the patient investor. My 2 cents.
I think we've seen an increase of FCT on the sell side since people are trying to make it look "bearish" to accumulate at lower levels however the buy side has also increased and it's becoming increasingly hard to contain FCT at predictable levels to play ping pong with it. We're very close to M2 and the code for anchoring into Ethereum seems to have been completed today https://github.com/FactomProject/EthereumAPI and we could hear a new valuation of the Factom network from VCs any day now. So well it's bubbling. I think people prefer putting up fake sell walls to bring down the price to create another wave over shorting for these reasons.. a short right now is frigging dangerous but a long rewards the patient investor. My 2 cents.
Notice too, that even though the sell side is increasing, no sell orders are anywhere below 400k (only 160k out of 460k). There has been more FCT sell pressure below 300k when the buys were only 200-300 btc. This price won't hold for long, even before M2 release i think it will rise steady. The higher it gets before M2, then the higher the eventual floor will be. I can't see FCT under 500k once M2 is released and the inevitable pump/dump is over.
This is big time over optimistic but who knows, might be possible after all. I see all of you expect M2 to be finally announced very, very soon, even before the end of this week. Let s see how good you re at forecasting.
You take this all too seriously. Nobody is forecasting. They are only optimistic guesses. I still don't understand why you are still here when you seem to be so negative about Factom.
