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    Author Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping  (Read 2115957 times)
    Mrboot
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    May 10, 2016, 08:43:53 AM
     #2641

    The falling FCT-price has nothing to do with Factom. It's because of the rising Bitcoin-price.
    Price factoids falls not because of Bitcoins (the cost of Bitcoin has risen slightly), but due to the fact that there is no further progress which would be seen, Milestone 2 simply can not finish, to go to the Milestone 3.
    Now the Factom team stuck with Milestone 2 and some people think that they will mark time with the Milestone 2 for a long time, there is some doubt that they will be able to finish it. Therefore, the cost falls factoids, Bitcoin only slightly affect the price cut.

    I Think bitcoin price do influance it, and you know what they say buy when blood is on the street sell on news Wink.

    I think Factom have two possibilitys

    one;
    It will gain adoption in the business world and they deliver what they promise, then factom gonna be huge and then i dont mean $10 but 10 times that. But with that you hav to count in at least 2 years

    Two;
    They cant deliver and company's wont use it and it keeps floating around this price. what compared to the EC usage atm is overpriced. So it can easly drop much more.
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