I've been following the team very, very closely for about 8 months now. Factom Inc, which is a private company based out of Austin, TX has ~40 employees. They are registered with SEC and have recently closed an extended Series A funding round for close to 8 million. They have stated they are not planning on raising more and also have BTC locked up from the ICO that they receive when Milestone 3 (M3) is deployed (forecasted for end of Q2, 2018). Buying factoids does not buy you shares of Factom Inc, but buys you the right to use the protocol. Factom Inc is a blockchain-as-a-service (BaaS) company that develops applications for various industries. As of now they have two working products, one for the mortgage industry and one for RFIDs and supply chain management with others in the pipeline. If you want a piece of Factom Inc, you can buy FastForward Innovations (FFWD) who have a 3% stake in Factom Inc.

I like XLM. Been developing on top of it for a year now (lupoex.com). Its mature (as in been in production for a while), the developers are active and the ecosystem is buzzing with new devs every day.

I think I read something that they, in the future, may cut how many tokens that are available. Maybe? Basically raising the value of the current token holders.

Fwiw I have some factoids.

Unfortunately it seems like just about every single person in this market who holds X says that Y is a scam coin rather than just saying they don't like it or it isn't as good. Everyone is desperate to have people believe what they believe and thus put their money in the same places. No matter what project you think you like, you will find dozens of web hits about how it's a scam or a joke or going to 0, so you really do have to just have to read everything you can about it and trust your own judgement. Sadly for myself and many others who know nothing about coding, this can be a monumental task. For instance, I think the tangle is the best idea going out there and will be fully functional at some point, but all of the veterans here keep saying IOTA is a scam so it makes me second guess myself. At the end of the day you just have to stick to your guns, hold what you think sounds good, and try to learn from your mistakes.

Or you can go an alternate route and try to find Crypto people on twitter and other places with good track records and follow their picks. There are worse ways to make money. I do a bit of both.

Also I know everyone will chastise me for this but I personally have found great value in FOMO. Once you start seeing everyone chattering on reddit and discord about a certain new coin best believe you should invest in it. I didn't even read the whitepaper for XVG just saw all the hype, climbed aboard and cashed out some nice profits. Hype and mass psychology dominate the alt coin market. COME AT ME BROZ!

No, that is not the case and not sure where you heard that.

IMO XVG is a bad example since the people that got on that train quite late still cashed in, which isn't typical at all.

euh... no.
As all other overhyped coins its plummeting.

But it depends on what you mean by got on late.

aka some random crypto jumps 300% in a few days, buying in at that point would be an example of "being late". people who did that got paid with xvg, but in plenty of examples that would be buying the top.

I think this market is hard to research and pick out-performers (which doesn't really matter right now because every coin is mooning).

The reason is because you can do all the research in the world, find a great team with a great project at a good price and a promising roadmap. Then you get stuck holding the bag while an absolute piece of crap like verge goes 10000x in a year.

Do you trade on coin fundamentals or just try and pick coins that idiots will FOMO into? I'm not sure what the correct answer is tbh.

Factom is a good example. This is a real project with a solid team blah blah. But it is underperforming BTC this year. On the other hand you have MonaCoin, 'The Japanese Doge', a pointless coin that is up 30x vs BTC and 500x for the year.

XRP hit .00009 today and it's still got plenty of upside.

A friend of mine told me that he started day trading altcoins this month and averaging 5k profit per day. He's an extremely intelligent individual (MIT graduate/mensa/etc) yet I don't think he's had much experience in day trading prior to this. Is this something that's sustainable or is he on a heater?

need more info

Is he arb trading with some efficiency, randomly guessing the pumps of the day, etc?

You know he's arbing obv. This type of market is perfect for those MIT nerds who never get any sun. Just bash out some script and jerk to a shrine of McAfee imposed over alt logos.

What's up with the ripple? Why is it going up? Fear of missing out, is there anything else? Why is it so good? Educate me please.

It's centralized system, who cares if they even have a blockchain, just sql-database or something and you can have those 4s transaction times on a single server site?

He told me that he gets his info from twitter/reddit/telegram and just sort of study the movement on the chart to determine when to buy and sell.

Recent deals with Asian companies, Google can provide you the details if interested

Think I saw it on r/factom. Have to try and find the article.

This is exactly what I’m struggling with. Short term probably ride the wave of popularity. Long term invest in solid companies. Just wish I had a better idea of which was which. Ideally would like to invest large in some long term plays and have a mini bankroll just for riding waves. Very frustrating that Coinbase deposit times are like 10 days rn.

Carter Thomas has good videos on YouTube that have helped me

I have no idea what I am doing but have the following:

2 Litecoin ~ $488
586 Ripple ~ $843
9 Stratis ~ $126
100 Civic ~ $91

On Jan 1st I am selling 1 Litecoin for RaiBlocks.

Thoughts?

I was interested in FFWD esp with the Nuuvera addition but it looks like it's only available for Non USA investors (maybe I'm wrong)..if thats the case do you think investing in Factoid's is a good idea longterm or is that a lot different than having stock in the company itself?

I only know that is traded on the London Stock Exchange. I do not hold any shares of FFWD, but do hold factoids and do believe an increase in usage translates to an increase in the value of the protocol, and therefore, the value of a factoid. Factom Inc. is building real world applications/products to facilitate that usage.

So deposit via Gemini. They credit your wires same day every time.

Granted. Another example is ADA. Read the whitepaper and wasn't impresed, but saw all the hype so threw $500 on it pretty early. I'm probably going to cave in to some more FOMO and grab some Raiblocks soon too. If it's doing this well on ****ty unknown exchanges and spreading so much by word of mouth who knows what could happen once it gets added to Bittrex or wherever. Meant to do this last week honestly and now am scared of buying the top. Where's the dip???

If you couldn't predict that the ultra-nationalistic Japanese would pump their first crypto coin I don't know what to tell you.

So you're a millionaire from buying early on Mona? Nice.