Quote from: Freckleg on October 28, 2016, 05:07:34 PM

Quote from: D-Lux on October 28, 2016, 05:00:19 PM

Quote from: Mrboot on October 28, 2016, 01:38:40 PM

Actually it can go to 0.016 and still be x100 Wink

I can explain why i think it's possible, first of all the entry coin price is fixed at $0.001 so 1000 entry are 1$.
The inflation of the coin is 73000 each month (little less) this is also the burn rate eventually.

So now we know how the rates are we can only speculate on how much is it used, and base the price on that.
I will calculate it per month.

100,000,000 entry's = $ 1.369 fct (100,000,000 /1000 = 100,000 dollar / 73000 = 1.369)
1,000,000,000 entry's = $ 13.69 fct
10,000,000,000 entry's = $ 136.9 fct
100,000,000,000 entry's = $ 1369 fct

So my guess is that big company's like banks, insurance even IoT will eventually use fct simply cause its easy, already made, cheaper.
So my guess is that 1bn entry's will be placed on daily base.

30,000,000,000 entry's = $ 410.7 each Factoid.

I know call me crazy but ones it starting to take off, people will even hype it.

There are many interviews with the team and i watch almost all of them, Tiana and David both said there are company's asking us can we store a bn entry's on factom a day. (banks i guess) but no matter what they are there are more out there that wanna do the same.
Cause the fact its usefull for one shows its prob. also usefull for others.

But i would like to hear your views on this.

Nice analysis. I think the price suppression may have created a false sense of perspective with FCT. Imagine if the price hadn't been suppressed (or less often, artificially boosted), and naturally rose in some jagged path on its own. I can see it at 100m market cap today, even pre-M2, and I think we'd still be having the same conversation about the chances of it 100X'ing from there.

IMO it's really hard to find a natural limit or ceiling to the price of FCT. The reason is that the price is directly connected to usage, and there isn't a clear limit on data that could benefit from Factom. Which means, in a super-reduced sense: the limit of FCT's potential price is the limit of the world's datawhich has been growing massively over the past years/decades, and with IoT and other movements, looks like it won't slow down anytime soon. It's an interesting set-up ...

Indeed, it holds very stable vs USD at 2.50. But price should be a tenfold, only on the promise of Factom alone. Anyways not complaining accumulation phase is the best phase for.......accumulation

If the historical chart is any guide, it probably won't go much lower.