Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping
by
tempus
on 26/11/2016, 12:31:08 UTC
That s what puzzles me. If Factom s really that good and this potentil s been recognized by several great names in the industry, how come XMR volume s 5x Factom or even more. It s gotta be related to the Polo margin lending which makes people keep their Factoids on the exchange, lending them for peanuts which supresses the price and consequently volume. Exodus s gonna change that big time and then we ll see the real market value of Factom. I ve got no other sane explanation.

The question why XMR has more volume than Factom: It gets more attention. One reason is: The idea behind is easy to understand. XMR is a cryptocurrency with a focus on anonymity and it might very well be that it's the one with the highest potential since there are a lot of doubts about ZCash.

Factom: Many don't understand what it is about. We, who are kind of focused on this and following since some time believe that the whole Crypto-space should react on all the good news, but I believe that just a minority even is aware of it. They don't look into this thread, they don't look into the Factom-Sub-reddit, they don't follow it on Twitter. And if one has no overview about this - it's not possible to understand how much potential Factom has.

But, is that positive or negative if we focus on the question how future prices may look like? It's positive, because it's potential. More and more people will pay attention and more and more people will understand it's potential. And since some months it even became obvious that more and more people have an eye on this.

And what also may be significant: Since many people don't like the GUI, don't have the patience to read the how-to's - they hold it on Poloniex. Once there is a more "easy-to-use-Factom-wallet" plus Exodus, that also might change.

Another important element re miners. Almost all high volume coins on Polo re mineable. Miners create volume, buy/sell/trade. Factom does not have that element.

Yes, right! Plus: Since Miners are very interested in high prices it's likely that many of them do something for it - some kind of PR and Miners often have some connections and what I believe is true for a lot of Coins on Polo: It's likely that it's Miners who manipulate the prices up.

I'm very surprised about ETH for example. The price is down in comparison to some months ago. But if we focus on what happened since May:

- DAO (which was a bad and rushed out idea even without all what followed - and maybe even shady)
- Hack
- Chain-split --> Ethereum-classic
- plus constantly other concerning news like this one, just days ago:


Has Ethereum Just Forked by Accident? Some Transactions May Disappear
https://cointelegraph.com/news/has-ethereum-just-forked-by-accident-some-transactions-may-disappear

In my opinion there would be enough reason that it would have gone down to maybe $400 M by marketcap over the time, but it's still at $800 M. And that must have a reason.

Btw, this is something what I say since a long time:

"Still, of course, large complexity brings more errors, and this project is extremely sensitive to any kinds of bugs."

 

Monero and it's price is more understandable in my opinion. Seems to have some real potential when it's about what they want it to be.