The number of BTC in sales required to get to a 4X multiplier on the original ICN continues to decline....
The price of ICN is on a knife edge that is getting sharper every day. When we finally get to a place <cough>...Polo...<cough> where traders are willing to spend 250+ BTC in volume on this coin, the price will explode.
Isn't it also because the sell orders have decreased? I hope I haven't wrote too big of a nonsense... Sell orders have decreased because weak hands have folded and left the game. The "mountain" is eroding towards the right (higher prices) over time. It is not avalanching to the left (lower prices) because there is a solid cliff of buy orders soaking up whatever the weak hands will sell them. That buy wall has been rock solid for over a week. ICN prices have been a slow motion game of whales shaking out weak hands for the past 6 weeks - especially in the last week or two. This can't last forever - eventually whales will POUNCE.  Sell orders have decreased because weak hands have folded and left the game. true. But whom did those weak hands sold their ICN? Not to buy orders on the way to 0.0008BTC? |
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The situation at Kraken screams FULL HODL to me.
OCT 26
Cruurently at Kraken, it would only take the purchase of 1M ICN for 430BTC = $280K (1 / 40 of ICO expenditures) to put the price of the other 99M ICN at 0.0008, which would be 4X the ICO price.
My quote above was from yesterday. The situation has since changed for the better. The "1M ICN / 430 BTC / $280K to reach 4X ICO price" is now "766K ICN / 283 BTC / $193K to reach 4X ICO price". Investors are buying up ICN at ICO prices, and they are doing it so slowly and quietly that nobody is even noticing that it is happening. The purchase of only 0.75% of all ICN right now would put ICN at 4X ICO price! This token price is on a hair-trigger. If you want to accumulate, you buy S..L..O..W..L..Y. You people that are used to the roller coaster swings at Polo have no idea of the different kind of exchange users you are dealing with on Kraken. OCT 27 The number of BTC in sales required to get to a 4X multiplier on the original ICN continues to decline.... OCT 31 The number of BTC in sales required to get to a 4X multiplier on the original ICN continues to decline.... The price of ICN is on a knife edge that is getting sharper every day. When we finally get to a place <cough>...Polo...<cough> where traders are willing to spend 250+ BTC in volume on this coin, the price will explode. NOV 6 Isn't it also because the sell orders have decreased? I hope I haven't wrote too big of a nonsense... |
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Use the ignore Button.
Dont feed the trolls!
Is the best way to make this thread clean
"This user is currently ignored." is the most common posts around here lately |
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great initiative and even better questions! will add some of my own  |
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haha, nice one polo, polo, where are you? I am OK with polo being away, still want to buy a bit more cheap ICN and in more objective manner: polo, or any other pump exchange will do more damage to ICN at the moment. Currently ICN token has nothing to offer but speculations and we have tons from that on polo, no need for Iconomi to become another pumy-dumpy coin there. When investors will look at ICN price, it should reflect the real value of the platform, and not some artificial pumped price. Again - if you are into quick profit, ICN is not the token for you |
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thanks! google translator is so funny.. grassroots, kriptosvetu |
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haha, good one! I won't be posting more warm winter posts, I promise |
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They wont... they add After release during q1 2017
Poloniex never announced when they will add ICN. Devs promised ICN will be available on TOP exchanges and that NDAs are still in place (after it was added to Kraken), which means it's an NDA with Poloniex. IMO, Devs shouldn't access the $10 million ico funds in escrow UNTIL they succeed at listing ICN on Poloniex. There's always a way... they just have to discuss it with Poloniex. Whats with all the devs can't have funds until Polo lol  - they delivered tokens and what they promised so far no one promised Polo. Kraken is considered top tier exchange just cause you don't like it doesn't mean its not one of the most respected ones. Just look at their selection of coins - only a handful. I'm sure Devs are still talking to Poloniex, otherwise Poloniex would've said no to listing ICN publicly. I believe once the legal paperwork is sorted out, we will see ICN on Poloniex. The majority of us invested in ICN because Devs said they have NDAs with the biggest exchanges, meaning Poloniex is one of them. Getting ICN on Poloniex should be a TOP PRIORITY to Devs, otherwise they should just cancel this project and issue refunds to investors like DAO, if they can't deliver on their promises. why should it be a top priority?? Top priority should be to meet the tight schedule they have for this year (funds, platform, stuff like that, you know) I don't know why you guys are so hysterical about polo. Yes, it would be much better if the price won't fall bellow ICO price, but Iconomi is not a short term investment, and as such there will be bumpers on the road. Cheer up, warm winter is ahead of us. |
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Yes i was looking at it recently to...they know something  they know ICN is a long term investment that will pay big time in 1-2 years just surprised that so much weak hands sold at that price. I guess FUD is effective, after all |
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Yes i was looking at it recently to...they know something they know ICN is a long term investment that will pay big time in 1-2 years |
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I don't want to see zcash added to index too.
It doesn't matter if they add zcash to icnx. hold your ICN that's what matters. It does matter. A lot. ICN price will be determined mostly by 3 factors: 1. The performance of ICNX and ICNP. 2. Strategical decisions and their implementation. 3. Total amount of money and funds in the platform (OFM). It is still too early for that, but it looks like adding zcash to ICNX is a bad move. as they stated, they only add coins older than 2 months... hope by the time zcash will be gone from the top 10 Iconomi quote: From what we have seen in the last day in terms of popularity, traded volume and market cap, Zcash will likely be included on ICNX It means they see long-term value in zcash. How can you see that in a coin that was released few days ago, and is, basically, still in beta? |
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I don't want to see zcash added to index too.
It doesn't matter if they add zcash to icnx. hold your ICN that's what matters. It does matter. A lot. ICN price will be determined mostly by 3 factors: 1. The performance of ICNX and ICNP. 2. Strategical decisions and their implementation. 3. Total amount of money and funds in the platform (OFM). It is still too early for that, but it looks like adding zcash to ICNX is a bad move. |
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just waiting the result of teamwork ICN if it works nice polo and Bitrex will certainly add  March 2017 possibly then... hehehe only 5 months to go I gave up on Polo and Btrex... they rly ticked me off. Likely I will never trade at Polo again the way we were treated... and continue to be iggy'd. They sure wasted no time listing that crap Zcrash with 3 friggin gig of ram used for every tx, no supply, and a non-functioning wallet. Utterly ridiculous. They sure wasted no time listing that crap Zcrash with 3 friggin gig of ram used for every tx, no supply, and a non-functioning wallet. Utterly ridiculous. I can't figure out the hype behind zcash, besides quick profit from early miners. It's so much half baked.. And so much overpriced.. So much Actually I am not sure that it will be a good idea to list it on ICNX Daily reward to miners: Bitcoin - 1800 BTC Ethereum - 455 BTC Litecoin - 80 BTC Monero - 50 BTC Let's make a optimistic assumption that Zcash daily reward to miners will level out to 500 BTC per day after the slow start. 500 BTC per day ÷ 7200 ZEC per day = 0.069 BTC/ZEC It would be a risky move for iconomi.index to buy into ZEC at a price higher than this. well said. Even at a "break even" price it is risky to buy it into iconomi.index. It is too early, and zcash has way too many weird features: (feel free to add) 1. 20% of mining fess go to Zcash Electric Coin Company for first 4 years. 2. The same company is USA-based... not very smart 3. Mr. President favorite: 3GB ram usage per transaction 4. Nothing more than a linux-based command line tool for now. Also - I think that privacy is nothing more than a niche feature and for most users the adequate privacy that bitcoin provides is more than enough. With all due respect to privacy, I believe most users don't care about that |
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just waiting the result of teamwork ICN if it works nice polo and Bitrex will certainly add March 2017 possibly then... hehehe only 5 months to go I gave up on Polo and Btrex... they rly ticked me off. Likely I will never trade at Polo again the way we were treated... and continue to be iggy'd. They sure wasted no time listing that crap Zcrash with 3 friggin gig of ram used for every tx, no supply, and a non-functioning wallet. Utterly ridiculous. They sure wasted no time listing that crap Zcrash with 3 friggin gig of ram used for every tx, no supply, and a non-functioning wallet. Utterly ridiculous. I can't figure out the hype behind zcash, besides quick profit from early miners. It's so much half baked.. And so much overpriced.. So much Actually I am not sure that it will be a good idea to list it on ICNX |
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You guys think that we will profit from the latest BTC pump?
I am talking about the expected ~20% from ICNP.
After all, technically it hasn't been activated yet
the 20% is an APR... (Annual percentage rate) on fees distributed weekly as .38% when the platform launches. Chances are, we won't see that till 2017. I was wondering how they are going to calculate the weekly dividends payouts.. |
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You guys think that we will profit from the latest BTC pump?
I am talking about the expected ~20% from ICNP.
After all, technically it hasn't been activated yet
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I want to see a big dump. how is it possible?
ICN dump? The best chance is for you to go to sleep and hope to dream about it |
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This guys looking for another waves, weekly News only weekly promises, but i trust on ICONOMI, and i think this way is the best way.
Good thing will come
I don't invest in copy/paste coins... nice try ..and not asking for "promises"... just regular updates. It might be a good idea to organize a weekly or Bi-weekly community meeting. You must think about, amybe they dont give us bi-weekly or weekly update, cause probably they want surprise us with a great release. And we have updates, blog posts, and Twitter, and a beta test form. In my mind, ICONOMI will give us a great Christmas You're probably right about that... except some of us hate Twits and Slackers  I check the blog like 3x a day, I check Polo Notices about 10x a day, I have slack, Rocketchat, Twitter, and BCT open in tabs 24/7. ...I'm just friggin HUNGRY for a scooby-snack update... like many are. ...and soooo ready to Beta-test that platform! haha looks like I am not the only one to breathe, eat, and sleep Iconomi |
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This guys looking for another waves, weekly News only weekly promises, but i trust on ICONOMI, and i think this way is the best way.
Good thing will come
I don't invest in copy/paste coins... nice try ..and not asking for "promises"... just regular updates. It might be a good idea to organize a weekly or Bi-weekly community meeting. You must think about, amybe they dont give us bi-weekly or weekly update, cause probably they want surprise us with a great release. And we have updates, blog posts, and Twitter, and a beta test form. In my mind, ICONOMI will give us a great Christmas or even better - great hanukkah In any case, looks like it's gonna be a warm winter Edit: better = earlier |
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