Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping
by
tempus
on 01/10/2016, 12:59:14 UTC
The hype is over. The price was pumped on promises that weren't met, and now it will decent to it's reality. The company hasn't generated any profitable amount of money on potential contracts with companies. They have however with selling their coins lol.

This isn't just a whale dumping. Look at the chart, it's been going down since 12 September. It's 1 October now.

I call 0.0022 the bottom.


Stay in, stay out, do whatever you want. Good luck though.



Don't be naive. Startups first invest money and a lot of work to build something that hopefully will be successful. And I don't know of any other project that is so far ahead like Factom in this space. And even with the M2-delay, they are still pretty fast. It's a big project and they have a lot to do and they are hard working. I mean, take a look at this:



They are not on holiday, they don't even make free on weekends. And that is just one of multiple Github-repositories.


And: The market is all about speculating. The price went up since June. It was at 130k and it is at 410k now.

Take a look at the Bitcoin-price: Bitcoin is not stable. It is not mainstream and even Bitcoin is not finished in it's development. It still needs a lot of improvements. The price is highly volatile and it has impact on all markets. But you want to talk about a one year old project as if they already should make a lot of money before the system is totally finished and the price should reflect something else than pure speculation on it's potential?

There is NO project you can buy with that approach. But you can speculate on potential and you can do that with a focus on long- or short-term and with all risks involved.

And just btw: The markets (all markets) would be much more rational without all the emotional communications, the rumors and all the hyping. I personally like that in Crypto because it is part of this game.