Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 421. (Read 2115931 times)

See... they won't give the tokens away to people without some faith in the project. And if you think about intentions, the question why people sell at those prices. What could that be?

- money is needed
- impatience
- fear because of bad experiences in this very weird crypto-market

And there were 4,379,973 FTC's sold to the public... that's enough potential to bring pressure on the price if there is not enough attention right now from Investors with an account at Polo to catch it. And those who are scared because of the price know what I'm talking about. It's really not meant critical in any way. But people should invest with more mind and patience instead of just reacting on the chart. I can't predict the future of this project and there are risks everytime. But if I compare this to 99% of other projects I see a great opportunity and I have to confess: I'm glad about the price because I've missed the ICO.



Edit: There were mainly two dumps with higher volume. Both dumps began at a price range higher than the ICO but brought the price below. Means: He or she or they got out near exactly the ICO-price in average. And: At around 0.0009 was a lot more in the sellorders some hours ago. It's possible that it's just one person who wanted to sell at around 0.0009 but expects the price to go down more or maybe even that he could be able to cause some panic to bring it down and buy more in price ranges below ICO.

With other words: It's normal speculation. So, add to what I've said above the possible intention to cause some panic with dumpings to buy more.

That's wrong. It's pretty normal that prices go below the ICO after it's listed on an exchange. The reason is simple: Those who wanted to buy FTC bought the ICO. That was the time of big attention. Than the time went by and some of them need money, others are impatient after a few hours on the exchange without 500% of profit and so on. This Thread isn't in the Ann-section, it doesn't get that much attention in the Crypto-World. And there are mainly the usual Traders on Poloniex. Those who are interested in Factom as a project because they want to use it doesn't necessarily invest in FTC's now, because it won't make any difference if they buy it now or later. They'll focus on the price of the entry-credits.

But there are a lot of good signs... Here is one:

Read this first:

Study: Google Searches Can Predict Bitcoin Trading Volume
http://www.coindesk.com/study-google-searches-can-predict-bitcoin-trading-volume/

And than look at this:
https://www.google.com/trends/explore#q=factom

I ain't saying this is a scam like get-the-money-and-run-away. I mean private presales, 30% of tokesn going to some "contributors", and all the things smell extremely fishy. Factom might be a good project but a bad investment.

This is business as usual after an ICO (it's even self-fulfilling prophecy), when a project isn't on many exchanges, didn't get much attention yet, money was bound etc. It will depend on the progress. If they should be quick and release an userfriendly QT (just for example) soon, the price will react and be back soon. If it needs more time it will drop further. But to believe this is like a little scamcoin where a bunch of anonymous Crypto-Cowboys cash out for 50 BTC and run away is ridiculous.    

Not sure what you said but I've already dumped the rest of my tokens.

Anyway, normally price never goes below a pre-sale and if it does then most likely a scam gets exposed behind the pre-sale.

I know the crowdsale price because I parcipiated in. There's also 30% went for free to contibutors. I mean 30%! That's huge for contibutors! So the contibutors are dumping the tokens as having no value for them.

if you had looked a little, you would have seen that crowdsale price was 52k+ sats (and private sale was higher)

even if this would be the case that some private sales were below the official price (it is btw. the same in ethereum and several other projects), they would be strongly disincentivesized to do so.

you can now dump less than 15000 dollar - it is a strange deal when you invested one million before in the presale.

I assume we have a panic on the market or the classic sale-to-buy-back-lower strategy - but I could also be wrong

By the way, what was the price in the private sale?

private sale secret probably because you and say, wait  

@FACTOM
By the way, what was the price in the private sale? This is not a question, it's a request. I need to know this because if it was like 5k satoshi per token I will immediately dump all my tokens.
People must be aware if this is a scam like this: https://bitcointalksearch.org/topic/1cop2cos-the-pre-crowdsaleearly-saleseed-investor-scam-aka-the-bubble-scam-1158161
And I guess someones dumping below the pre-sale price because the private sale one was much lower.

Hi, is there a slack community for Factom ? 

Oh WOW !! good to know ! THX

who is selling below ipo price 

this either the most stupid scam I have seen so far (due to promising idea) or the market is just going completely retard

Fuck it. The price is going crazy...

Just import your 12-words passphrase at polo but it may take more than 6 hours.

Anyone know how to get Factoids out of the KOINIFY wallet !?!?!

After reading the information about the factom I bought the coins, and I will continue to buy them, because I believe in this project.
The main thing that the price of the coins did not affect the development efforts and their commitment to promote it further. Just occasionally looking back and watch when after the other coins poured into 0, developers and those who supported other projects just go away and threw their projects. But I think that this project will continue in spite of everything.

This project is much more than just the Factoids and this project won't die about the FTC's price. I doubt that they even care much about the price now, because if they realize the project in total, FTC's will be used and the price will reflect that.

I've read a lot the last two days to understand it and the more I read about it the more I believe in it. The price now is just speculation. I'm pretty sure that when people really see how it can be used, this has huge potential. I believe that most of all people don't understand it's potential so far.

Btw: Everybody who has some fundamental/base questions about it should watch this:

Freedom's Phoenix: Paul Snow Interviewed by Ernest Hancock
https://www.youtube.com/watch?v=_OnSpfJnuNE

In my eyes the idea is really a game changer. And the FTC's are only like a financial tool for it. The price will rise and could explode as soon as it will be used and I have zero doubt that it will be used.

What with the sockpuppet accounts coming here to fud ?  

They got 1.1m$ funding besides the factoids public crowd sale, and another private investors sale..  chill out..




gonna have to embrace a new fud filter and start hitting the ignore button for the newbie accounts.. ^^just started with those two

The cost of the coins dropped through the floor, the capitalization is now down below $1 million. Will developers have an incentive to continue to support this project and to promote it?

49K. It's the end of koinifuck.

hi factom!
what about "invalid seed" issue using command:
factom-cli newaddress fct factoid1 "yellow yellow yellow yellow yellow yellow yellow yellow yellow yellow yellow yellow"

environment:
windows 7 64bit
factom 0.3.3