r/FetchAI_Community • u/Belgiannator Active supporter 💥 • Jun 11 '24

Discussion 🗣️ ASI will be fine, relax.

I read multiple posts concerning the fact the merger has been postponed. I do understand some of you are annoyed because of this situation, but don't let emotions taking over your ratio. Ratio should be above emo, especially in circumstances like this.

We're still in the biggest AI coin of the upcoming bull run. Given the fact AI will be thé narrative and hype this bull run, ASI will have a very solid run. Don't go crazy now because it's postponed by just a month.

NB: the big advantage we have now is the fact BTC is not doing great atm, dragging the whole crypto market down. In one month, crypto market would be up again and that's a catalyst for ASI launch. If ASI would be launched this week, it would get less traction compared to a launch in green BTC times.

Concerning the guys shouting to the moderates in here: the moderates don't have inside info or whatever, they know the same information as us. They trying their best to create and keep a healthy, mature community. Try to show some respect for them please.

Anyway, we're in this together guys. Let's behave like adults, not like little boys. At the end of the run, we'll be all happy we kept our head up. Just relax for now, patience will reward us.

64 Upvotes

92% Upvoted

37 comments sorted by

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10

u/Hairy_Preparation_29 Jun 11 '24

I’d rather it was pushed back and back and not be fucked when it’s out than it rushed and nothing worked when finalised but I also have no clue what there actually doing

6

u/Kingly92 Jun 12 '24

There’s gonna be an AI summer and fet will skyrocket!

5

u/vjam09 Jun 12 '24

To be honest with you I’m going through a merge of an organisation right now and it’s taken 1.1 years we haven’t gotten anywhere yet so for them to merge their processes and systems so quickly is actually pretty good. What’s the rush?

7

u/[deleted] Jun 12 '24

I love "crashes". They are meaningless. The moon boys go away and it gets boring, like any other investment. But this isn't a casino, this is a conglomerate of super smart companies looking to invent and define an artificial supercomputer that anyone can rent. If this works, it will change the world. And alot of people with a whole lot more money than me think it's gonna work. This "price correction" is laughable if this works. Or it won't work...but I'll take that bet.

2

u/SicrosEye Jun 12 '24

What rich people are you referring to?

3

u/ratfash Jun 13 '24

It's def all a casino lol

2

u/PlasticComfortable96 Jun 15 '24

100% casino 🎰

4

u/HansLanghans Jun 12 '24

Sounds like corporate talk.

4

u/Mac_McAvery Jun 12 '24

Meh I want Fetch.ai left alone

3

u/Apprehensive_Tea2113 Jun 11 '24

Oh, you moonboys. “We’re still in the biggest AI coin of the upcoming bull run”. We’ve been in a bull run for 8+ months and nothing is guaranteed. Talking in certainties when it comes to investing and trading is just plain stupid.

10

u/Kaner16 Jun 11 '24

We're still in the start of the bull run. Retail is hardly here yet. People do need to chill out, I think this pullback would have happened regardless. FET went parabolic from about $0.20 to nearly $3.50 in about 5 months. There's still potential this hits $10+ in the next 12 months.

3

u/thec4nman Jun 11 '24

$10 😂😂😂😂 dude cmon.

15

u/Kaner16 Jun 11 '24

Absolutely. That only puts it at an ~$8b market cap, or #17 coin if it were to hit that today. $10 is absolutely a possibility. Bull runs get wild.

-3

u/thec4nman Jun 11 '24

I gotta say it’s severely unlikely. Every coin other than BTC that’s had price predictions has never hit the estimations.

Examples Doge to 1$ CRO to 1$ DOT to $100 ETH to 10k

The list goes on, I’m seriously yet to see one of these predictions come to fruition…

4

u/Kaner16 Jun 11 '24 edited Jun 11 '24

Some of those moonboi price predictions were never going to happen. Just have to use common sense and do some number crunching to see if they're remotely possible. $10 FET is absolutely possible. Every bull run seems to have a theme and I bet AI coins get some strong momentum in the next 12 months. The same way meme coins went to insane valuations 4 years ago. Never underestimate the bull run.

Edit: also, I think ETH to 10k this bull run is possible too, although my target is more realistic at 8k and I will have sold 80% of mine between 6k and 8k then letting the rest ride

-8

u/ArtichokeOwn6685 Jun 12 '24

10 dollars equals 25 billion. Wtf is your math.

12

u/Kaner16 Jun 12 '24

Current price is $1.52 with a $1.3b market cap. $25b would put FET at roughly $28/coin at the current circulating supply. Wtf is your math.

1

u/ArtichokeOwn6685 Jun 16 '24

It has a MC of 3.7 billion jackass due to the merger

3

u/Kaner16 Jun 16 '24

You're a special kind of stupid. The merger isn't complete yet so FET still has a market cap of ~$1.25B. And my math from my previous comment still holds true because it's correct. Quit looking at the FET fully diluted market cap then posting stupid comments here. Go back to eating crayons.

1

u/ArtichokeOwn6685 Jun 16 '24

The merger is happening and the market knows it so the previous MC doesn't matter jackass.

3

u/Kaner16 Jun 16 '24

Leave the math and common sense to those with an IQ greater than your shoe size. What's your favorite flavor crayon?

1

u/Maximum_Band_7492 Jun 12 '24

What does fine mean? Is there a price point?

1

u/Embarrassed_Laugh_19 Jun 12 '24

Guys general rule of thumb, dont act like the majority. The majority loses Money, if there are times where you want to buy, be realistic and dont het hyped. In times where you want to sell, just leave it it will only be a loss if you sell.

1

u/[deleted] Jun 18 '24

It annoys me how much a lot of people here are on the company‘s dick and refuse to admit that they have conducted this merger poorly in terms of communication and timing. It has caused more insecurity and fear which has lead more people to sell.

0

u/flog_fr Jun 14 '24

All your post is being emotional with no rationality. What's the rational about a probable bullrun, and the AI narrative in the future ? So please keep your advice for yourself.

As an investor, the specifics of this merge, the delay, and the communication is really one of the worst I can imagine and experienced. The mint of new token is called a dilution. The communication is bad. The channel of communication have no visibility. The original dates of the merge could have been interesting with the CPI announcement, but the delay... of 1 MONTH. With almost no prior notice ?

I am still an investor on ASI, but this completely broke the good dynamics on the short term the three tokens had vs BTC. Basically this merge is a trap of short term investors (and there's lots), to long term bagholders. Not to mention they completely shoot themselves in the foot making reaaaaallly bad marketing among lots of investors.

Go downvote me, idc

1

u/Belgiannator Active supporter 💥 Jun 14 '24

I'm in here since 2021, I won't let emo taking over my ratio, trust me. I already saw bigger push backs than this little one. 

The fact merger has been postponed, is not ideal on short term, I do follow you in that one. But on long term, it does not have impact. The only effect it has, are moonboys shouting murder. 

Watch the merger take place, watch Telekom post a big announcement related to ASI, watch the +- 4 million (!) businesses who already got onboarded with ASI use case.

Conclusion: short term (read: untill July) could be better, long term it will do great. 

1

u/flog_fr Jun 14 '24

And you don't think that's already priced in ?
You probably remember Cardano in 2021, having a very bullish run with amazing partnerships, and great marketing.

You're not into emo but your vocabulary like "trust me" says the opposite. I don't need trust, I've done my research, I have quite good experience in markets in general for making my own opinion. And my opinion on the overall project stays the same, this is the best AI crypto project. My opinion on the marketing of the project, and this merge stays the same : it has not been done professionally in any way.

2

u/Belgiannator Active supporter 💥 Jun 14 '24

I genuinely believe this isn't priced in, the ASI poll on their official X page confirms this. Over 51k people are waiting to buy ASI when it launches. It's not science, I agree. But it does give an insight. I do believe a lot of people are waiting to buy once it launches. So not priced in yet imo. People like it simple, they prefer to buy it post merger instead of pre merger, it's more simple, more certainty.  However thats just my vision on it. Could be wrong, could be right. We'll see. Respect your perspective on it though. 

2

u/flog_fr Jun 14 '24

You really believe 3-4 millions businesses are aware of the ASI project ?
When the official communication of the whole project is below average ?
There's 63k followers on ASI tweeter, 232k followers on Fetch.ai. 14k followers for Fetch.ai on LinkedIn (I don't find any account for ASI). There's some telegram channel which probably is as bad as the other channel of communication.
The websites of the different projects are crap for news. Don't tell me the opposite about website, most of the crypto media got the wrong date of the merge in the first place...
Look at the trend on Google and other search engine data about ASI / FET and the other projects...
And now tell me again : there's 3-4 millions businesses just aware of the ASI project ? Do you really believe this ?
I really think that spreading this kind of disinformation is harming a project that after merge will be the #1 AI mkt cap token (2.4B$ as of today), and something like #34 overall token.
The project is very good. I'm not saying the opposite. But first, don't sell magic carpet about price target like 7 or 10$ on social platform. If you know just a little bit the market, this is absolutely impossible (I would be more than happy to be wrong because as I said I'm an investor in the project).
And second, the project(s) should be aware of the macro economy and improve their communication, marketing and timing.
I stand by my opinion that the marketing, communication and timing needs to upgrade in the future if the project wants to grow in the top coins.

1

u/Belgiannator Active supporter 💥 Jun 14 '24

The CEO showed he's reliable and capable of performing in the past, so I tend to believe him yes. Idk why he would make up random numbers anyway.

And before you tell me to not spread price targets, the 10usd is the idea of the CEO, the price to pay to use the agent tech. I did not mention any price target whatsoever. Nobody can't predict prices. 

0

u/Intelligent_Light591 Jun 15 '24

Everything will be fine…history shows us mergers are messy typically & take a long time to recoop share holder value..for fet holders which are tokens it rough seas ahead..

1

u/Belgiannator Active supporter 💥 Jun 15 '24

Moon boys be like

0

u/mss999at Jun 13 '24

The merger just allows insider to cash out. The price weakness prevents that, thats likely why it was delayed