Great news and no market reaction yet. Pump incoming any second
Really strange. On the other hand, I m sure if some ass would start a forum thread saying there s some glitch in the Factom, people would dump immediately. Why FUD is always 10x stronger then really good news?
Its because all the FCT tokens are on polo and its easy for people to react to FUD on the spot vs other coins where they are forced to send them from wallets to the exchange and then sell; at which point the price has already dropped. As a result most people wont end participating in the overreaction and will often determine that its all unfounded bashing soon after. Once exodus has FCT inclusion the market will change quite a bit; won't be seeing insanely cheap loans anymore and sells walls will be drying up as shorts will have no excess supply to use.
Yes, there might be something to this hypothesis. People keep coins on Polo cause they have no real alternative and then send them to cheap margin loans which floods the market which cheap coins available for pumps and dumps. How long since testnet started? 2 weeks?
Formal testnet announcement was on nov 7th, so yes, we have just entered the 3rd week of testing yesterday.