Factom and Polymath defy gravity, Raven stalls (an update...)

With BTC probably not yet bottomed out yet and steady red for most coins in the market, the performance of FACTOM is remarkable. It is a strong project with real world appeal and if you attach importance to user case (which in fact you should) FACTOM is exemplary. To cut it very short: FACTOM secures documents. It saves people tons of time in many scenario's. Documents verified on the blockchain replace a lot of search, verify and copy for file actions. It could be a very good solution for keeping medical records, mortgage records and many more vital information that not just needs to be shared in cases but also must be relied on. The last weeks FACT just grew in value where the vast bulk of the market continued in bearish decline. Not a typical pump and dump, this might be the real success blockchain needs.

Another project not following the bear: Polymath. This project is about allowing people to create security tokens. It is not the only project around in this niche, but it generates investor trust at the moment. We do not have anything near a meaningful opinion about Polymath, but interesting to see where it is taking the market.

Some weeks ago RVN (Raven) seemed to go places. It joined the bears however and despite a lot of initial enthusiasm is does not seem to be what the market was waiting for.

When visiting the gainers/losers section of coinmarketcap.com you find some spectacular winners. Hard to make something of this. Some have extremely low volumes and are not traded on any notable exchange. Insider stories, exiting ICO's. Often you see the winners of the day among the losers of tomorrow. Hard to keep track of these pumps and dumps - by the moment it happens you are too late already to profit from it. You need a big team to follow this - still some claim it is very rewarding to do so.

No shooting with hail here: some people advice diversification strategy and hold as many coins as possible. That results more or less in something like going with a market index and if you would have done so, you just go down with the big average. The opposite is a BTC only strategy. Will not have worked for most either. True that disciplined trading a BTC pair with as sole objective to increase the BTC amount you own is possible.

As is, we would not have a clue what to advice and we are very happy we are not under pressure from loans or third party investment capital. What we do sense, is that it is very rewarding to stay being informed. We believe there is a gap between actual (positive) developments and the valuation of that. Some big players are contemplating their way in and the crypto and token space is far from dead.

There still is this question above the market: is crypto all BS or is it the future of money. Most either think it goes to the moon or will evaporate. Worth watching a youtube vid that is already a classic in the space and is just about this:

Many more vids to be found on this. The good thing: both sides have very good arguments and you cannot underestimate the value of people taking the other side in the crypto debate. The difference between people like Schiff , Popp and others versus the narrative of authorities and governments is that they have valid positions and arguments. We follow and value opinions and analysis we do not share - in fact ideas and positions that come without debate are risky. If 2018 must lead to one conclusion it is that broadly held expectations in the crypto space were not realized. You will find a lot of people on the net claiming they knew all along and traded against the market with lambo success. We watched and studied a lot of the so called specialists and their ideas - to arrive at a simple conclusion: we do not really know where we are heading yet. Most explanations for what is happening suck. Simple as that. Staying in the crypto market is a leap of faith. For some it is a matter of principle and ideology. The promise of a world without bankers and special interest calling the shots, the promise of banking the unbanked. A daring simplification - but some argue that a simple powerful idea is the stuff revolutions are made of. We doubt any tech or protocol can shake the real power brokers of this world and do not have a crypto ideology.

 

  <br /><center><hr/><em>Posted from my blog with <a href='https://wordpress.org/plugins/steempress/'>SteemPress</a> : https://cryptmove.com/blog/2018/12/06/factom-and-polymath-defy-gravity-raven-stalls-an-update/ </em><hr/></center>