Bitcoin Forum

I was considering this coin just like a lot of other potential investors and it was a total flop, the coin has dumped all the way down to high 200's, right now is at high 300's.
What the hell man? Im glad I dodged that bullet, I would have lost half of my bitcoin.
I hope it recovers but I always had my doubts about this thing.

What was the initial value of this ico? if it is way below the entry ico price it's possible that it was a big scam and nothing else, they just dumped on investors, with their "instamine" from distribution, if instead it was pumped and then dumped maybe people just lost the interest on it? i remember that the last good ico was lisk and it is the oen that i invested and make a big buck the other look only like clone trying to have the same hype but failed

21k sats OP wants some cheaper coins thats why he is being a bitter.

You seems have no ideas of trading. If you would plan to buy you should have buy offers set at high 200. and you would get cheap ICONONOMI.
You could sell them now and have 15 BTC instead of 10 you had.


You did not dodged anything. You did totally nothing. Nada!   All you did was another flashy title in thread, where you will bla bla more.

There has been no real dump of Iconomi during the last 3 months.
The real dump happened on 25-26 October, when the price dropped by 60%+.
Post that, the rise as well as the fall have been benign, in altcoin terms.  :)

This. Iconomi has been quite stable. At least, if we consider ultra volatile aspect of ICOs where ever investor is only waiting to dump at the best possible moment.

If you want to know more info about spotting possible dumps and manipulation, here is interesting article: https://www.cryptocoinsnews.com/pump-dump-know-signs-trading-altcoins/ (https://www.cryptocoinsnews.com/pump-dump-know-signs-trading-altcoins/)

Of course it won't cover everything, and it is aimed to help newbies but it contains pretty useful basic knowledge.

yeah i also believe so, because 21k is not a bad price for the launch, lisk was 40k and wave was the same 20k, they both were pumped and dumped very fast

Pumping and dumping is quite usual in crypto. ICN has quite strong support, the current price went back to its normal position. Something similar happened to REP, and now its back to normal position in top 10 in coinmarketcap ;)

Yeah, except that was exactly what Iconomi shills were saying in the ICO thread.

"Bro, I cant believe we are still at 4XX, we are going to be at 1k in no time when they release the platform". A ton of people bought at 4XX and now they got fucked, the ones that panic sold at least.

And like I said before, I saw this coming because bitcoin is too strong and everyone dumps their alts for BTC.

People never learn though, alts get pumped and dumped in cycles. A coin that is alive and being developed will get lots of pumps and dumps, people that sold in the low 30s after buying in the high 40s will re-buy once this spikes again. Noobs love buying high and selling low lol...

Why didn't you think of that in the first place ? lol
In my humble opinion,if you don't trust the coins you're investing money in,you should be out of the game.On a side note,bitcoin is unbeatable.

Hi @pereira4 ,


what made you considering it a good "investment" ?

 ;) PanneKopp

No coin keeps going up and up and up.. It is simply always going to happen as people are going to take a profit at some point.

I don't mind this acutally, helps increase the distribution.

That is what I thought, which and like I said before, is what made me not buy into the Iconomi hype, not at least until it dumps accordingly, because I don't believe this coin is magically going to grow as BTC grows. Most if not all alts, go red when BTC grows, and BTC is growing real nice and steady. PBOC crap is futile, and we are now looking at the ETF approval. If he ETF gets approved, we are looking at possible $2000+ prices, so you can imagine what will happen to the altcoin holders.

I invested in ICN right at the very beginning. I'm a bit disappointed the price dropped so spectacularly but I'm still way ahead on my initial investment and I believe ICN will come back once the Iconomi team launches a product. The important things to remember are... they didn't vanish once the crowdsale was over, and digital asset arrays are still a good idea. I'm confident the Iconomi team is still working and that ICN will regain it's lost market cap in time and eventually set new all time highs (which will subsequently crash, cuz its crypto and its volatile), I didn't sell, and it's still a good investment.

Its time to buy and not to cry about it .

regards

As "traders", you guys should know ICN never reached 200's... You should start learning to count zeros. it's a good first step in trading.
plus, 0.618 fib held up well, so this "astronomical" dump still pretty "normal" since the price were going up almost without retracement since 20k.

if you're not a trader, and it's just holding for the future, there's nothing to be afraid, at least not right now.

The developers are sincere and no one will lose their bitcoins in iconomi. Keep trading with that coin you will get a good profit.

Why buy İCN ? They do the same thing as you ; invest in İCOs. And you get a smaller cut of the profit. Stupid project...

why you write buy iconomi coin is stupid
in ico sellin ICN price average 20k satoshi, and before dump ICN price incraese until reach 50k satoshi so many people can profit 2.5x is big profit, so why you write stupid

Buy? Why would you buy something which is not mineable? Iconomi might have already seen its heyday,
You can get hurt during pumps and dumps, but why would you want to be the ultimate bagholder?

It's hard for a coin to remain stable in the market when Bitcoin is rising in value, but I expected Iconomi to get a better performance. Anyway, it is still in the top 15 on coinmarketcap, with a relatively good trading volume.

I wouldn't be that quick to say Iconomi [ICN] didn't have a real dump. Tell that to the people who bought at 49k sats. It's pretty straight forward to see the a new coin will have a dump when they enter exchanges and the price of ICN went wild on October 2016 because of the low volume of ICN.

If you check the volume beyond October 2016 -the volume was around 6 digits per day instead of around 5 digits per day. That is a really big difference.


I get what you're saying by not having a REAL DUMP OF ICONOMI though I can't ignore that fact of the drop from 49k sats down to 35k sats when there was around 1,000+ pages of people typing moon and rocketships throughout the thread.

Many dev's have let their coin die or announced it's dead then mysteriously came back later relaunching it.. or "community take over"
The Memory Coin / MEM dev FreeTrade did that before he went on to Protoshares and Bitshares etc
Think about it..
Kill the coin dead so it's almost delisted at 1 sat.. buy them up quietly then re-launch and re-hype.
Rinse & repeat forever because noobs are dumb.

Its not actually a dump since it do decrease its price but not on the lowest price as possible and if you purchase ICN on a higher price point then you will decide if to hold or sell off to cut losses i dont think this coin will last it would depend on its devs and the community who do use it.

Alright, you could keep telling yourself that while I pull up that dog picture for you just so you could open your eyes that a dump did actually happen.

The coin might have a future, I haven't got a clue if the dev's are interested in the price going up for the investors sake to be honest. Maybe people just like losing money for no reason, idk -it doesn't matter one bit to me.

Edit: Found the picture

https://cdn0.vox-cdn.com/thumbor/W7r3ysxcJ-W_Vq3a9cFh7weOKTc=/800x0/filters:no_upscale()/cdn0.vox-cdn.com/uploads/chorus_asset/file/6439857/20130109.0.png

You might not want to say the obvious because you want people to invest more inside the coin but you are only hurting yourself when you don't explain what is in front of you.

PS: I am not trying to FUD.

Don't worry about pump and dump, it is said that there is intentional FUD in their thread, they locked it and made a new one. The price is ok, because ico price is 21k sat, but now is still 33k sat. Nothing wrong, keep holding.

I think it is just fluctuating of price and all of the coins always has fluctuating,
it is good for trading altcoins because of fluctuating we can take profit.
Although it is high risk because will be losing money but we can doing cut lost
and fluctuating of price is needed.

well.. in last half hour price dropped again big time. WTF is up with this shit ?! There was "professional" FUD on the ICN thread on bitcointalk. Someone is really really trying hard to scare people into dumping coins for cheap. ICONOMI has the advantage of being the first mover so I am guessing they are going to be in for a long haul. Just need to hodl while this FUD cycle ends

FUD or without FUD, if Iconomi [ICN] can't survive a few people posting negative comments on the coin without the people accusing other people that their posts is what caused the dump then the high price of ICN doesn't really have a chance to rise. Think about it, the price is at 0.00031053 BTC at this moment and if the dump just caused the price to move from 0.00037699 BTC within roughly 20 hours then you would think that only a few people hold a large amount of ICN and they are manipulating the price.

The price of Iconomi was 0.00045965 BTC on Feburary 10th, 2017 (7 days ago). Looks like a dump to me.

A few fudders scared weak hands. I'm still up 2.9X. Price has stabilized around 33k.

JUST BUY MOONERO

It bottomed at 275, now we are at 345... good or bad? we'll see, im not buying, because BTC is showing signs of being a total god of crypto that always recovers from every dip, and looks like we are at the verge of a new all time high + massive pump peak of unprecedented price. I don't think people is going to dump their moon tickets for some altcoins.

If you have some altcoins that think will pump while BTC rises I want to hear that but i dont think a single one will.