Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping
by
Mrboot
on 14/06/2016, 10:39:57 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.

On reply of both your posts,

I agree on most what you said, i just ment i dont see them in a hurry cause they sell every entry coin for 5x as much as factoids would cost to use, isnt M2 suposed to be easier to also use factoids ?

What bothers me most is that they cant take the time to give a update on the statement of M2 as many asked here already, Take a example David from Maidsafe he is busy like crazy, but he takes time to calm down people explain what happens etc.

As for Pr i agree you see them everywere and thats awesome i just wish they could take 5 minutes a day to read the forum and reply on questions to not only chase business but also support their initial investors.

Also i believe many succesfull ICO's are also a possibility to gain a lot more money into Factom, i think it all stays the same i bought 20 btc more Factom after Lisk ico. (wish i waited a week or 2 would be much more atm then)
And ofcourse the btc rise lowers the btc value and thats understandable every altcoin is now in that situation.