Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping
by
Nxtblg
on 10/08/2016, 23:52:34 UTC
Wowie, what a ride! I've been playing the Lending market for most of the day (off and on) and the daily rates have been HUGE. As I write, the low offer's 0.1298% per day...and I have lotsa loans at above that rate.

Funny how Facton's market has been unusual: in that, the short sellers - over the longer term - act a lot like dumb money. I've been not only lending my Factom but also loading up more when the rates got above ~0.4% daily. Relative to the stock market, it's pretty weird. In stock-market land, the short sellers tend to be the smart money. At Polo, not so much. From what I've seen, short sellers' dumping have just held back Facton's rise. They haven't put any long-term dent in it; they've just acted as roadblocks.

The wind is definitely a tailwind...