We shall see. I have long term faith in Fct but it's 12 months+. Fct had a parabolic pump in the summer for no real reason, value wise. It's going to fully retrace back to the beggining before the summer pump, every market retraces fully when you can't justify the current price and it's sad to say 250k is still unjustified for a Factoid, that's what you guys aren't getting.
Oh boy, you don't even understand the Factom-eco-system. Nearly nothing what you say makes any sense with that in mind.
For example:
1)
"I have long term faith in Fct but it's 12 months+"How can you have longterm-faith in FCT when you believed this just some hours before?
So people bought something useless, great even better. 80k looks like an expensive figure now, thanks for the clarification that people won't even need Factoids to make entries, so Factoids are completely worthless
And why even longterm-faith if you believe that Factoids are "completely worthless"? Is that logical?
2)
"Fct had a parabolic pump in the summer for no real reason, value wise."Let's see what happened in summer. First take a look on the Bitcoin-Chart. What do you see from mid June until September?
Second (from June 17 until August 23):
DHS S&T Awards $199K to Austin Based Factom Inc.
https://www.factom.com/blog/dhs-s-t-awards-199k-to-austin-based-factom-incSmartContract + Factom Announce Collaboration
https://www.factom.com/blog/smartcontract-factom-announce-collaborationDataYes + Factom Announce Collaboration
https://www.factom.com/blog/datayes-factom-announce-collaborationIntrinio + Factom Announce Collaboration
https://www.factom.com/blog/intrinio-factom-announce-collaborationNo reasons? Really?
3)
"It's going to fully retrace back to the beggining before the summer pump, every market retraces fully when you can't justify the current price and it's sad to say 250k is still unjustified for a Factoid, that's what you guys aren't getting."It's possible that the price goes down if Bitcoin should shoot up. But not for long - once Bitcoin would go down, Factom would be one of those that would explode. Why? Because it is undervalued in comparison to most of all projects out there. Do you know any other Blockchain-project that has already fixed so much real business-connection and already is able to solve real-world-problems?
Take a look at the marketcaps:
http://coinmarketcap.com/all/A marketcap below $20 M, but you believe Factom is overvalued? This low valuation is a diagnosis of the mental health of the collective of Crypto-"Investors" - even more in the context of Hypes like Steem and jokes like Doge and Zombies like Litecoin and Drama-Queens like Ethereum (still above $700 M).
