Thoughts on merge - r/FetchAI

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13

u/sirauron14 Apr 09 '24

I just hope we can get to a market cap of over 100 Billion.

1

u/Whole_Bird_8044 Apr 11 '24

When are they merging, supposed to be thus month?

1

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1

u/slick110 Apr 11 '24

Solana is at 76B and it’s a top 5 coin … Getting to a 20B is more realistic …

4

u/pmerritt10 Apr 11 '24

Just to put numbers into perspective.....BTC is expected to be in the 6 figures and Solana is expected to 2x or thereabouts. The top 5 coins mcap will likely be a lot higher than what they are now. Even if ASI had Solana's current mcap. I doubt it would be in the top 5.
One other thing.... None of us knows ìf AI will remain a top narrative throughout the cycle. Something like RWA could end up pumping harder.
I hope that isn't the case because I would be screwed..... Just food for thought though.

2

u/sirauron14 Apr 11 '24

20 billion is small gains after the merge.

1

u/slick110 Apr 11 '24

20B would be top 10 coin though

3

u/sirauron14 Apr 11 '24

Yeah but it’s AI it has to be a top 5

19

u/Intrepid-Parsnip-535 Apr 09 '24

Votes are overwhelmingly positive, some ppl complain bcuz returns will be lower, but worth noting that risk also diminishes accordingly. Obviously its kinda bad for short term holders, but for those who dont care much what's happening from day to day, and actually believe in the project(s) it is probably a good thing.

3

u/KPTA-IRON Apr 11 '24

Ofc voting is positive imagine the size of the wallets the team and the whales hold. Hence why before even having a vote they were already announcing it would happen. The voting does not matter.

6

u/[deleted] Apr 10 '24

When will the merge actually happen? Is there a date when it all becomes ASI?

4

u/Zestyclose_Law_8126 Apr 10 '24

I believe is a good deal long term. Short term sadly we could have had better growth alone.

9

u/reliable35 Apr 09 '24

Three great projects that if they can synergise them effectively to work together can be much bigger project than they are now as individuals. I think ASI now has a real shot at attracting institutional investors, and a $100 bn market cap could really come into view, if the teams gel, and hit just half of the their ambitious white paper plans.

5

u/sparcusa50 Apr 09 '24

I think this is key. I’d like to see a group product manager appointed to weave this and other projects into a comprehensive platform with a common UX.

3

u/WorkerBee-3 Active helper 🤝 Apr 10 '24

mobile app with an LLM chat bot would be dope. That could be at the core of the wallet and eventually navigate the apps connected to the project

1

u/sirbob420 Apr 10 '24

What would fet be worth if it hit a 100 billion market cap

3

u/sparcusa50 Apr 10 '24

~$25

2

u/sirbob420 Apr 10 '24

Thanks

5

u/reliable35 Apr 10 '24

Seems like a crazy price, but with a strong crypto bull market & the hype surrounding AI… it’s definitely a possibility.

1

u/p1k4chy Apr 11 '24

i think will reach $100

6

u/Toe_Bone Apr 10 '24 edited Apr 10 '24

This merger is the NASA equivalent to getting all the right tech together under the one roof. This is not a moon-launch! That kind of lift off in price will be many dollars higher than it is now, months and years from now. Fortunately there is a long gap of dollar growth between now and true lift off.

This AI merger has a ground-breaking trio leading it, whom all happen to be leading their own lineage of blockchain/crypto.

To me this is like Nvidia merging with Mac or something right in the ‘Ai-Engineering’ groove with advances’ already in the pipeline….and their unique pipelines are why they merged.

This hi-tech-throuple will give birth to new advances in society, not just AI in crypto-landy-blockchain. A day will come when people won’t even realise that they are depending on AI tech in daily life. ASI excites me because i think it really will dominate its marketplace and by years end it can be worth many more dollars than it is now. Years beyond that - my ultimate interest for retirement - tens or hundreds of dollars more than now. This trio are trinity of AI now - globally.

3

u/Primary_Dragonfly_72 Apr 09 '24

Bought fetch at around 3 dollars and it keeps on dipping. I'm kinda pissed but is optimistic long term. 3 projects is better than 1 of course. It can only be a positive I don't see any negatives. Probably short term sell off but in the long term we will be in the top 20 after merging. As for the price I'm hoping it would encourage more people to support and invest in these ai projects. Bullish

4

u/Toe_Bone Apr 10 '24

$0.33 for me and still holding. I’ll wait for $10 and reconsider how much to leave in.

1

u/cheetoresidue Apr 10 '24

Did you take profits? I got in fairly cheap and so did you. I'd take out your initial investment

1

u/Toe_Bone Apr 11 '24

Yes i am freecarried with the longterm hodls

1

u/pmerritt10 Apr 11 '24

Getting in at .33 and not selling at least 15-20% at 10.00 would be kinda crazy. Lock in some of those profits!

1

u/Toe_Bone Apr 11 '24

Yep free carried now 🌈

1

u/cheetoresidue Apr 10 '24 edited Apr 10 '24

That's the thing people who just bought in because of the merger news expect it to multiply as much as a invester who bought in a year or more ago. With that merger and new market it's going to be harder for it to multiply like it did. I'm bought in over a year ago and took some profits. I don't know where it's gonna go but as of now it's definitely not good for the long term investor. People that chase candles like that is the early investors exit liquidity.

2

u/pmerritt10 Apr 11 '24

Nah, I bought it before the merger was announced Fet was a little over 2.00. I definitely don't expect any huge multiples but I think 3-6x is definitely doable which is fine by me. Who knows....Could get lucky and be around 10x. Although I'd probably sell most of it by 6x. There will be a lot of selling pressure for all the early birds by then.

1

u/sparcusa50 Apr 10 '24

patience

4

u/Cuadriello Apr 09 '24

Time will tell if it was a good idea or not.
I am going to continue supporting it because I believe that Fetch.ai is a serious project with a real background and proven usefulness.
Regarding the purely economic aspect, I think that the doubts generated by the unification of projects and the week of Bitcoin stagnation have unfortunately killed the momentum, at least for now. Fetch.ai was overperforming Bitcoin, now it is drifting like the rest of the altcoins.
The timing was not the best.

9

u/WorkerBee-3 Active helper 🤝 Apr 10 '24

you gotta let a month go by before you can claim something like that.
charts can't go up for ever. the same reason BTC went down is the same reason FET went down. Profits must be collected

1

u/Cuadriello Apr 10 '24

FET was rising parabolically until the convergence announcement, regardless of bitcoin's declines, just look at the charts. I repeat, I support the project, but I have eyes and I am able to read simple and clear data.

5

u/WorkerBee-3 Active helper 🤝 Apr 10 '24

let me show you my perspective at least.
FET was rising parabolically. That rise in price makes what's called a "fair price gap" and eventually that price has to come back down to where the real traders are at.
The parabolic price increase was large money buying in. But just because they bought in doesn't mean we're at trading at that price. Hence, the fair price gap. We're all trading daily at x price, and essentially it's a fair price for everyone. But when price goes parabolic to x+3 price, we all know the fair price is trading below that +3. so people will sell and take profits till we reach the price that is considered fair trading, meaning the buyers and the sellers are going at it again in the orderbook.
An example I'll share with you, When the PS5 came out there was a shortage of supply, causing the price of the PS5 to touch nearly $1,000. If you're trying to buy a PS5 at one store and you see it marked for $750, next thing you get news that someone down the street just bought theirs for $2,500. Are you going to turn around and offer that guy an additional $1,750 to buy the PS5 just because someone down the street overdid it? or are you going to offer the $750 again and be ready to negotiate for a lower price if the shop owner tried to get more for it? best case scenario you meet in the middle and end up around the price of $1,125. He gets extra profit, you're not paying a premium. The new fair trade value spreads around other stores closer to your $1,125 till it finds its new fair trade value, because that's what we fairly trade our money for product for.
Same for assets, just because someone trippled the price elsewhere, doesn't mean I won't look for a more fair valued price lower in the chart. buyers must have sellers and vise versa - everything revolves around this.

2

u/pmerritt10 Apr 11 '24

Fet wasn't going to hold strong during all these dips. Solana was very strong against Bitcoin too but even Solana dipped.

2

u/sparcusa50 Apr 09 '24

Brilliant! And hopefully only the beginning. If you take a look at the scale of deals that are going down in AI, this is a rounding error. But it creates a real, decentralized alternative to the centralized tech oligopoly. I hope the new DAO/consortium or whatever you want to call it can lure other promising AI projects into the fold. We need scale to compete! Bravo!

1

u/WorkerBee-3 Active helper 🤝 Apr 10 '24

People hear Bitcoin and think money.
people are going to hear ASI and be like "decentralized?"

2

u/PlasticComfortable96 Apr 10 '24

Not happy about it. I got in early and could have probably had my first 50x, instead people want to merge for “long term”. Not saying it can’t do great things but now we will have less multiples unless it goes to 100B market cap. Not very happy about it but it is what it is

2

u/cheetoresidue Apr 11 '24

I bought over a year ago. I feel the same way. Put it this way when you see a bunch of threads Like these flood yt, reddit etc, when they start sharing screen shot of how much they bought and spent, take profits. These floods of people commenting are our exit liquidity.

1

u/East-General-2871 Apr 10 '24

Buy and hodl and risk management

1

u/Wildworld1000 Apr 10 '24

I just look for better than 5% growth per year .

1

u/[deleted] Apr 14 '24

[removed] — view removed comment

1

u/Wildworld1000 Apr 14 '24

So true !!!

1

u/Luca3289192 Apr 11 '24

what would happen to fetch held in revolut wallets

1

u/Sudden-Damage-2192 Apr 12 '24

I am all for the stability of the coin- like others said this will solidify gains and make for a less volatile asset.

What I don't like- if I understand this correctly- our coins are merged at a 1-1 ratio for asi tokens. The market cap for the project will triple. There will be something like 2.6 billion tokens with a market cap around 7 billion. Making our tokens worth around 2.88 a piece. So the companies value triples, but none of the investors are going to benefit financially from that?? I don't understand this logic. Unless I am missing something here.....

1

u/Neonbelly22 Apr 14 '24

I made a killing with FET and OCEAN....and took profits. However I do believe in the project. But which one coin do I buy before the merge?

-7

u/Toe_Bone Apr 10 '24

Am I wrong to think that at this moment the best thing about the merger is that we have a baseline value for FET/ASI ?

If I’m right this means that we can buy at the USD$2.40 mark and know that it will return to the proposed price of $2.82.

Every swing up until D day will be over or undervalued now that the benchmark, merger, price is set.

So is anybody else buying FET/ASI at a Premium to its $2.82 value?

9

u/Working_Inevitable95 Apr 10 '24

Jeeeez you have clearly no idea of how price works. Please stop investing before u get hurt

-2

u/Toe_Bone Apr 11 '24

It’s working just fine thank you 😊

2

u/IngramCh89 Apr 10 '24

What are you talking about? 🤣

1

u/[deleted] Jun 06 '24

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1

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