Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping
by
tempus
on 13/06/2016, 15:51:52 UTC
Additional to my previously post something about the price in general:

In my opinion, the latest price drops are not that much related to Factom, and also not that much because of a delayed M2. My theory is:

1. The last months there were a lot of highly successful ICO's with many thousands of Bitcoins. There was Lisk, there was waves, there was DAO and some others. All together we speak about hundreds of millions of Dollars. That's why there is less liquidity in the market and that's also the reason why a lot of projects could announce good news but the price didn't react that much and/or fell back soon. That was the case in Factom but also XCP and some others.

2. The Bitcoin-price. People speculate on higher BTC-prices which means they are very carefully with buying alts and many who are in Alt's even sold and many will buy back too lower prices.


And most important: A rising Bitcoin-price, maybe even a "hype" (like 2013) would have bad impact on all others first. But with a little delay, money goes back into Alts and projects with a relation to Bitcoin will benefit even more - like Factom.