Let me explain to you why I think Factom might be the next hyperbull.
First of all, we have a huge bullish pattern. To have a better view, let´s check the FIAT value of Factom:
We can clearly see its value is rising since years, and few people see that because there is no big exchange offering fiat pairs for FCT. Currently the market maker does not allow to go higher from here, but the pattern is approaching the end of a huge accumulation.
Factom already has bigger business clients and might get new contracts soon as their development progress is close to reach a new milestone. Unfortunately there is an issue with their network currently and it seems Factoids have been disappearing when users tried to send them between wallets.
Nevertheless i think this might be one of the last opportunities to buy some FCT during the coming weeks until they release their beta networks. I don´t know how long it takes, but once we are there we might get another present like we had with ETH.
For now we can hold patiently and just wait until interest picks up. I don´t recommend buying this coin on margin because the volatility makes it extremly dangerous and we dont know WHEN it will start.
that said let´s look forward to the future
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We got a big shooting star today. It seems everyone is expecting FCT to break out soon, but this will not happen without a fundamental cataclyst. Marketmaker does not allow the price to go higher and it is useless to buy big positions now. It´s best to accumulate positions on a daily basis, or simply join once we get the news we need.
patience is key
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so far so good, a new week started and the price remains stable. We get some news from Exodus this week (probably 15th). Let´s see if FCT is mentioned. Maybe they fixed their issues and we may see an implementation to exodus wallet.
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slow and steady grind up while FCT/BTC remains stable
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break out! another proper moon call
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typical factom fukkery today
it´s actually useless to find patterns in such a messy chart. nevertheless it´s a bull. Let´s wait for next week
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buy n hodl or buy high sell low
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this played out well. add on dips
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ok i think we are there. we should see a break out with ATH test within the next 2 days. Everything is ready for EXODUS implementation and i think it will be mid of may which would be a perfect time to break the ATH
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if you are invested and get uncomfortable, don´t worry, support is holding strong cleary visible on the fiat chart
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USDT chart also
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break out ;D
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this pennant is almost complete! hold strong!
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this massive sell off was pure panic selling on low liquidity because of the bitcoin rise. don´t fall for this kind of fud or you will lose only.
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i sometimes really don´t understand the mind of those people who panic sell their Factoids and lose big amounts of money. Smart investors use these buy the dip opportunities and profit from it in the shortest amount of time
this fall yesterday is pretty much the average volatility of Factom. And we will see this kind of things pretty often.
-20-25% from the top is always a buy the dip and sell a few days after, make money by side and reduce your base price.
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the value of FCT is slowly approaching the all time high again.
this trend will continue to the upside soon
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and now panic sellers can buy back 20% higher :P
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congrats to all hodlers!
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resistance turned to support. buy the fucking panic sellers dip, sell into resistance and reduce your base price
a few months have passed but there is still one target left which is a 125% profit from the current price. I give this trade another 2 months to hit my forcasted target and then sell everything
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Pato99
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a few months have passed but there is still one target left which is a 125% profit from the current price.
I give this trade another 2 months to hit my forcasted target and then sell everything
The crashed allowed us to buy at a cheaper price :D
Pato99
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@DatNgo, yeah, buy everything, don´t let panic sellers back in! they need to pay for their dumbness
cardan6006
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@Pato99, I'm noob, what is the best way to do if there are no extra bitcoins, buy btc for dollars and exchange for a factom?
Pato99
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@cardan6006, Poloniex is the best way to get Factom, so you will need to buy Bitcoins for Dollars on another exchange like Kraken
CoinDreamer
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I like this sentence "-20-25% from the top is always a buy the dip and sell a few days after, make money by side and reduce your base price." Usually very true..;)
rhb_3000
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Those who hold win
TheRichest
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Hodlr here, just wondering where do you see support? Already brought some during this dip just then.
I give this trade another 2 months to hit my forcasted target and then sell everything