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Author Topic: FACTOM (FCT) long-term - Why no one is talking?  (Read 5052 times)
OptimusPrime007
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May 09, 2017, 04:50:20 PM
 #1

Hi All,

I am so surprized that no one is talking about FACTOM. Are cryptos only about pumps and dumps or is there a community which values the work behind a digital currency?

I don't want to specify what Factom could do or who are their clients as the list has big names. They have been given grants and fundings from government bodies and department of homland & security.

Definitely if BTC is Bugatti Veyron of digital currencies, FCT would be a Lamborghini in real sense.

I have seen a pattern where less useful cryptos are more volatile and excellent crypto (the real giants) doze a lot.

What do you think guys; is FCT underrated as compared to other altcoins and what do you guys predict it could go up to by 2021?

Please avoid trolling...

Cheers!!!
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May 09, 2017, 05:10:51 PM
 #2

I've always been a fan of FACTOM and will continue to be. I am not going to lie i do get sucked into the pump and dumps and i have a general feel for my exchange to the point where i know a coin is going to be pumped but i still hold onto coins like FACTOM because i know a good coin, where the community and devs are constantly working hard to keep it alive. It's so sad to see the crypto world involved in so many pump and dumps but its just something we have to learn to live with.

I do agree about FACTOM, i love that coin, and they are involved in so many aspects of the community but yes people do forget about good coins like this when new up-and-comers arrive.

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OptimusPrime007
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May 09, 2017, 05:45:27 PM
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I've always been a fan of FACTOM and will continue to be. I am not going to lie i do get sucked into the pump and dumps and i have a general feel for my exchange to the point where i know a coin is going to be pumped but i still hold onto coins like FACTOM because i know a good coin, where the community and devs are constantly working hard to keep it alive. It's so sad to see the crypto world involved in so many pump and dumps but its just something we have to learn to live with.

I do agree about FACTOM, i love that coin, and they are involved in so many aspects of the community but yes people do forget about good coins like this when new up-and-comers arrive.

Yeah, see that answers some part of the question as why these coins are less traded because most of them know what to hold and what to give away for profits or may be losses even.

I am sure that FTC would be worth at least 25:1 BTC in recent future.
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May 09, 2017, 05:58:53 PM
 #4

I really like this coin because of the real world usage potential it has

I really see some bussinesses closing a big deal with them which will give factom a boost. I will be patient and keep holding my coins
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May 09, 2017, 06:42:14 PM
 #5

Why people are not talking about Factom the reason is simple most people didn't get it correctly and missed it at start or somehow got off the train earlier and now finds difficult to buy it in large quantities. They are used to talk only about their bags. Factom is one of the most appreciated coin in off channels discussions and recommend to keep it on watchlist.

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pey
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May 17, 2017, 06:53:55 PM
 #6

zzz sleeping giant.  ''We create products that transform the way organizations secure and share their data.'' with new big customers it will rise like ripple.

OptimusPrime007
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May 18, 2017, 07:02:14 PM
 #7

What could be it's worth comparing its ratio with BTC?

1BTC:25FCT at least?
 
Shiroslullaby
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May 18, 2017, 07:19:02 PM
 #8

Factom has potential.
You are crazy if you don't buy at least a few coins, even at current prices.
Just invest a few dollars and HODL. (IMO)

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May 18, 2017, 07:38:08 PM
 #9

How many factoms, or factoids will be created ? It's a very interesting project I'm thinking about throwing some money on this.
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May 18, 2017, 08:21:11 PM
 #10

i don't think it has much of a future. you'll be able to do the same thing with offshoots of other coins.

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lolikop
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May 18, 2017, 08:29:47 PM
 #11

800 members on factom slack, btctalk is just full of trolls

Join the slack http://factom-slack.herokuapp.com/
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May 19, 2017, 08:15:19 AM
 #12

If no one is talking about factom, enjoy it. You can see how important data is for all kind of companies so I think with new big customers factom will faces ripple-style rising in the near future.

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May 19, 2017, 01:25:12 PM
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If no one is talking about factom, enjoy it. You can see how important data is for all kind of companies so I think with new big customers factom will faces ripple-style rising in the near future.

I think x10 growth is possible in a year.
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May 19, 2017, 01:39:36 PM
 #14

It's one of those "single-use-case" coins... which already limits what it can become.
And here the use-case doesn't even make much sense. Why would a land registry need a blockchain? Blockchains can't be freely edited - land registries need to be. You need a central authority to verify ownership. And all the remaining problems can be solved with an open database.  
People seem to forget: Blockchains are not efficient. They are super wasteful. They just solve a very specific problem - one that doesn't apply here.
knowitnothing
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May 19, 2017, 04:32:23 PM
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It's one of those "single-use-case" coins... which already limits what it can become.
And here the use-case doesn't even make much sense. Why would a land registry need a blockchain? Blockchains can't be freely edited - land registries need to be. You need a central authority to verify ownership. And all the remaining problems can be solved with an open database.  
People seem to forget: Blockchains are not efficient. They are super wasteful. They just solve a very specific problem - one that doesn't apply here.
I agree with you very much. The blockchain is not efficient and can not be modified. Not all industries can use blockchain technology, so FACTOM  may be on the wrong road.

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May 19, 2017, 06:00:38 PM
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It's one of those "single-use-case" coins... which already limits what it can become.
And here the use-case doesn't even make much sense. Why would a land registry need a blockchain? Blockchains can't be freely edited - land registries need to be. You need a central authority to verify ownership. And all the remaining problems can be solved with an open database.  
People seem to forget: Blockchains are not efficient. They are super wasteful. They just solve a very specific problem - one that doesn't apply here.
I agree with you very much. The blockchain is not efficient and can not be modified. Not all industries can use blockchain technology, so FACTOM  may be on the wrong road.

I see where you guys are coming from, but I thought the same thing about XRP.
"Why would banks need to use an outside company to transfer funds when they already have SWIFT or can come up with their own solution?"
And look at the price of Ripple in the last few days.
I don't see any reason not to gamble a few dollars on Factom.

ThomasVeil
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May 19, 2017, 09:36:30 PM
 #17

I see where you guys are coming from, but I thought the same thing about XRP.
"Why would banks need to use an outside company to transfer funds when they already have SWIFT or can come up with their own solution?"
And look at the price of Ripple in the last few days.
I don't see any reason not to gamble a few dollars on Factom.

Sure - it might be a good bet for a speculative gains, just as Ripple was. Nothing wrong with that gamble.
I personally try to trade on fundamentals, which has served me well in the long term.
OptimusPrime007
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May 20, 2017, 05:00:30 PM
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It's one of those "single-use-case" coins... which already limits what it can become.
And here the use-case doesn't even make much sense. Why would a land registry need a blockchain? Blockchains can't be freely edited - land registries need to be. You need a central authority to verify ownership. And all the remaining problems can be solved with an open database.  
People seem to forget: Blockchains are not efficient. They are super wasteful. They just solve a very specific problem - one that doesn't apply here.

It shows how non-technical you are. People like you are using it as a gamble medium only but there are many who understands the core data structure on which these blockchains stand on and the problem that they resolve. Yes, these cannot be used as low latency data structures but that doesn't mean they are not efficient. They serve the whole big picture than that.
You need to be a computer science graduate with Finance background to understand what all problems it is resolving. So gamble and be happy but we are not buying your useless comments "People seem to forget...".

Educate yourself...
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May 21, 2017, 06:55:58 AM
 #19

It shows how non-technical you are. People like you are using it as a gamble medium only but there are many who understands the core data structure on which these blockchains stand on and the problem that they resolve. Yes, these cannot be used as low latency data structures but that doesn't mean they are not efficient. They serve the whole big picture than that.
You need to be a computer science graduate with Finance background to understand what all problems it is resolving. So gamble and be happy but we are not buying your useless comments "People seem to forget...".

Educate yourself...

Lot'sa words - saying nothing.
If you know what problem they solve, explain it. Else this is just marketing bla.
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May 21, 2017, 08:52:57 AM
 #20

It's one of those "single-use-case" coins... which already limits what it can become.
And here the use-case doesn't even make much sense. Why would a land registry need a blockchain? Blockchains can't be freely edited - land registries need to be. You need a central authority to verify ownership. And all the remaining problems can be solved with an open database.  
People seem to forget: Blockchains are not efficient. They are super wasteful. They just solve a very specific problem - one that doesn't apply here.

It shows how non-technical you are. People like you are using it as a gamble medium only but there are many who understands the core data structure on which these blockchains stand on and the problem that they resolve. Yes, these cannot be used as low latency data structures but that doesn't mean they are not efficient. They serve the whole big picture than that.
You need to be a computer science graduate with Finance background to understand what all problems it is resolving. So gamble and be happy but we are not buying your useless comments "People seem to forget...".

Educate yourself...

The thing about educating yourself at cryptosphere is that majority is not going to do it, never. You can earn more in this field by leaning on the crowd psychology, there's sure a lot of hot air in the market caps and no real value for most of the coins.
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