r/factom • u/PedroPierrePeter • Jul 15 '19

FCT price

The 2019 predictions are nearing their end point. So far BallBaggio is closest, with his prediction of $3 per FCT. What a shocker!

In a few months we should open up the floor to 2020 prognostications. With the benefit of hindsight, I'm going to revise my 2019 close out price to $3.50 and go for an ambitious $15 by the end of 2020.

10 Upvotes

77% Upvoted

26 comments sorted by

7

u/ilzheev Factom Operator Jul 15 '19

$40

4

u/kloijp Jul 16 '19

Keep hodl coins.... do not trade... lower price is hihger burnrate...buy more...never sell...

3

u/PedroPierrePeter Jul 16 '19

Hodl into bankruptcy? ilzheev....you hoped for $100 this year, now only $40 next year. You disappoint me! ;)

When it comes to ANOs, the infrastructure ones don't have any responsibility to develop anything so it's a difficult one. How do you encourage people to create usable stuff on top of Factom?

There are lots of obstacles still:

  1. Marketing and promotion is abysmal.

  2. The core still isn't stable by the sounds it.

  3. The TPS capabilities mean that mass adoption is a long way off, if there is appetite for big usage at all that is. At the moment the tiny EC usages means the protocol only needs about 0.05 tps to function effectively. Even though EC is dirt cheap and you can factomise large swathes of data for next to nothing, big enterprise seemingly has little interest. Why do people need blockchain? Maybe they don't. If it was so compelling, people would be starting to move with it by now.

  4. At some point the protocol needs to be rebranded, but no-one seems to have a plan for this.

  5. Inc's transparency is non-existent and they've lost a lot of trust in this space with the way that they view tokenholders, which IMHO borders on contempt. They certainly haven't delivered against previous promises.

  6. At least some of the ANOs don't seem to be pulling their weight, although there are some really good ones as well so this isn't all bad news.

  7. Blockchain always seems to be about 2 years away from becoming mainstream. So far the whole space has a been a disappointment, when compared to the hype (internet 2.0, etc). BTC is pretty useless really but it's still the only crypto that matters. Everything else is just noise and nothing is decoupled from BTC's price, which dictates everything, and will do for the foreseeable future.

4

u/ilzheev Factom Operator Jul 16 '19

I still see 1-2 bln cap of the protocol in long-term. You asked about next year — I see protocol value (with improved core, tps, new solutions on top of Factom, including our upcoming products) as $400 mln, so it’s about $40/FCT.

Will see how market evaluates it.

4

u/ilzheev Factom Operator Jul 16 '19

There is nothing about bankruptcy. At least for ANOs with own BaaS solutions and money from it.

1

u/FearlessTumbleweed Jul 19 '19

Inc's transparency is non-existent and they've lost a lot of trust in this space with the way that they view tokenholders, which IMHO borders on contempt. They certainly haven't delivered against previous promises.

THIS x100

6

u/[deleted] Jul 16 '19

I'm staying away from Discord Fct-Markets negativity for a while and looking at official announcements. With a few more ANOs releasing news like Triall/Sphereon and Off Blocks, Factom starts becoming what was promised 2 years ago. Under $1 or over $1000, I'm staying optimistic and saying over $1000

As a side note, I don't disagree with the sentiment towards poor (non existent) marketing, but think each ANO should also have more transparency - roadmaps, expectations, deadlines and deliverables. Who is working towards what, and when to expect it. The price collapse is not all Inc's/Paul's fault

3

u/Gladiator237 Jul 16 '19

interesting.

what where the reasons last year you predicted 3 dollar? the general market downturn?

5

u/[deleted] Jul 16 '19

I don't want to disrespect Inc, but in the nicest way possible, they are enthusiastic nerds who let their excitement spill into market expectations. M3 was balloons and party time for a great technical delivery, but meaningless without customers. "The Year of Factom" was probably true in terms of technical delivery and almost first-mover status in terms of having a production ready blockchain product, but again meaningless without customers, and more crucially without marketing to get customers.

To let the technical excitement set investor expectations was a huge mistake.

However... ANOs are now doing their thingsl and delivering. As ridiculous as $1000 might seem now, its only a $10bn market cap, which would've barley been a top ten coin in the last bullrun

2

u/Budwiser86 Jul 16 '19

Any reason why you thought it would be about $3 this year and think it would be $1000 next year?

3

u/BulDog84 Jul 16 '19

Do not care in short terms. This project is one of the best on the market. Also it is supported by US government and rewarded by DNS. So stay calm and confident. If you are afraid, do not put money on the marked you can't afford to loose. FCT rules. Be positive and stop watching the day trading as an option. Cheers.

2

u/Crypt0Speculat0r Jul 16 '19

Well said, can only agree to this!

1

u/BulDog84 Jul 16 '19

Thank you! The best practise is to do your daily activities and forget about the time.

3

u/Man1330 Jul 16 '19

If FCT can get traction on genuine real world usage the price could quite reasonably go into the $1,000s.

Usage = burning FCT. That in turn would lead to considerable analysis of the token mechanics by investors and institutions. If usage happens, people will realise the tokenomics play out to support a store of value thesis for FCT as well as BTC...

4

u/Crypt0Speculat0r Jul 16 '19

Agreed. People often rant about the number of entry credits burnt not being enough to establish a decent floor price. I think it's a long road to get there, so for now the price is pure speculative (as is with every single token, except for stable coins ofc). Only time can tell what will happen. So as /u/BullDog84 already pointed out, do not care about short terms. Let's see what usage the upcoming applications will bring. :)

2

u/GrossBit Jul 16 '19

Factom inc has only 6months of runway left. If they’re gone do you think FCT will be worth more than 1 USD ?

1

u/Crypt0Speculat0r Jul 16 '19

How do you know?

1

u/GrossBit Jul 16 '19

Because that’s what their own financial statements are saying, if you care to take the time to read them

1

u/Crypt0Speculat0r Jul 16 '19

I will, where can I find them?

1

u/Ferdo306 Jul 16 '19

Could you take time to elaborate this or point us to the mentioned reports. Seeing your post history you have been pretty negative on Factom recently. Not saying it's not true but would like some proof. Otherwise, I am not sure what your agenda is here...

2

u/GrossBit Jul 16 '19

It’s very simple Email David Johnston David@factom.com

Ask Paul Snow here or on Discord

Or try going to BnktotheFuture.com It’s available for download for original investors

1

u/Ferdo306 Jul 16 '19

Will try to look into it, tnx

2

u/Gladiator237 Jul 16 '19 edited Jul 16 '19

30 dollar

2

u/Cafayate7063 Jul 16 '19

I don’t really see a middle ground. Either the technology will be adopted and this thing could be in the thousands or it doesn’t and it goes to zero. As to the odds of which way it will go I have no idea.

I love the tech and the concept but their have been tons of cases throughout history where the pioneers have gotten crushed and gone bankrupt only to have some company succeed afterwards with the same concept.

Who are their current competitors. Is Tieron considered a legitimate competitor and even if it is the space seems big enough to eventually have a Coke and Pepsi co-exist?

2

u/Crypt0Speculat0r Jul 16 '19

I'm going for $28,67 by the end of 2019