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Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 44. (Read 2115896 times)

full member
Activity: 338
Merit: 101
Well, I think all eyes re on Factom ATM. Can it reach 0.01 BTC or not?

According to some earlier estimates, we might be looking at one order of magnitude. If you're in, enjoy.
legendary
Activity: 1418
Merit: 1002
wallet disabled again on Polo ...  Huh
hero member
Activity: 644
Merit: 500
FCT should be at 2bil marketcap
newbie
Activity: 26
Merit: 0
I've learned my lessons with ETH. Not even gonna try to trade this, just buying the dips.

Yep, same here. Factom is so ridiculously undervalued right now. Imo it belongs right there with bitcoin, ethereum and ripple. No way I'm selling yet.
full member
Activity: 186
Merit: 100
I've learned my lessons with ETH. Not even gonna try to trade this, just buying the dips.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
Well, I think all eyes re on Factom ATM. Can it reach 0.01 BTC or not?
newbie
Activity: 56
Merit: 0
It will not "moon" because it will not go higher than the EC credits dollar equivalent. 2x or 3x is possible, not 20x or 30x.


Hahahaa, you are funny. You need to read the specs. EC are not tied to coins directly, rather it is mapped to $$ and accordingly FCT can be converted to corresponding value at that moment.
It's already 5$ higher overnight. So just have patience to see it rise high beyond the sky. Just a free suggestion.
full member
Activity: 186
Merit: 100
That's quite a boost overnight. Surely that breaks the previous BTC ratio high?
hero member
Activity: 644
Merit: 500
Enterprise wallet doesn´t work for me  Undecided  Something wrong with port 8082 or something like that

i could help if u post the full error message
legendary
Activity: 1316
Merit: 1041
Bitcoin is a bit**
Enterprise wallet doesn´t work for me  Undecided  Something wrong with port 8082 or something like that
sr. member
Activity: 276
Merit: 250
Finally things have started to move a little. Lets see what this year will bring, with all this great stuff happening i expect some nice growth. Have a good one Smiley
hero member
Activity: 644
Merit: 500
So I know how Factom works with its conversion into ECs, but I'm curious as to how clients will procure Factoids in the first place. Let's say Factom lands a contract with a large bank. Do we expect them to just get an Exodus wallet, set up a Poloniex account, and all that jizzle?

factom has its own wallet  https://docs.factom.com/

factom also has a shop for clients who dont want to hassle with exchanges  https://shop.factom.com/


exodus is for investors/trading
full member
Activity: 186
Merit: 100
So I know how Factom works with its conversion into ECs, but I'm curious as to how clients will procure Factoids in the first place. Let's say Factom lands a contract with a large bank. Do we expect them to just get an Exodus wallet, set up a Poloniex account, and all that jizzle?
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
It seems Jaxx, Exodus and Shapeshift will all add Factom within this month.

Things re obviously moving forward and the price reflects this.
sr. member
Activity: 385
Merit: 250
Usage will undoubtedly be the main yardstick to measure FCT’s success. The base price of FCT will be directly proportionate to its usage, meaning that the price can’t fall below this point without reducing the available FCT supply, ultimately, to 0. More about this is here:

https://www.reddit.com/r/factom/comments/4zxi6e/fct_ec_and_the_factom_financial_ecosystem/

So usage provides a “base price” for FCT, below which it can’t drop without exhausting the available supply. The base price, however, doesn't take into consideration speculation, which in public markets is usually around 10-15x—crypto's rough equivalent to the P/E ratio—of the base price. Though early-market "startups" like Factom often go magnitudes higher depending on market sentiment and expectations for growth. Even mature companies often reach magnitudes of value above their early earnings, for instance Amazon=847x, Netflix=282x, etc. And these are mature companies, with much more limited growth potential.
sr. member
Activity: 324
Merit: 250
It will not "moon" because it will not go higher than the EC credits dollar equivalent. 2x or 3x is possible, not 20x or 30x.


EC burns factom. The higher the FCT price is the lower the number of FCT burned, the lower FCT price the higher the number of FCT burned is. Over 73k FCT burned per month and you have deflation, under and you have inflation. The FCT price should be driven somewhat by what is to come and what's in the pipeline in the future even tough EC's price is fixed.
hero member
Activity: 644
Merit: 500
It will not "moon" because it will not go higher than the EC credits dollar equivalent. 2x or 3x is possible, not 20x or 30x.


EC price is fixed, doesnt matter how high it moons
newbie
Activity: 56
Merit: 0
It will not "moon" because it will not go higher than the EC credits dollar equivalent. 2x or 3x is possible, not 20x or 30x.
newbie
Activity: 56
Merit: 0
Well, try to ask Factom about news and you ll get nothing. NDA this, NDA that. Serious companies do it that way.


Yeah I guess so, just hope the NDA's will be lifted soon enough. Would be cool if FCT could gain some more attention in the current bubble.

I think it's not about gaining attention for Factom. The dev team don't care how high its value shoot's in the short term. It seem like running for a marathon and focusing on long term goals. They don't care about these spikes in trading market. They are doing the real work and concentrating on making it better. It will rise leaving most of other coins behind. Wait and HOLD.
hero member
Activity: 924
Merit: 526
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Well, try to ask Factom about news and you ll get nothing. NDA this, NDA that. Serious companies do it that way.


Yeah I guess so, just hope the NDA's will be lifted soon enough. Would be cool if FCT could gain some more attention in the current bubble.
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