lol its hard not to laugh at the idiots who dumped all the way down to .000293, price seems to have recovered around .0004 with strong buy support.

Sure if you have 100k + ICN then you can dump and make the price go down, but how long will it stay down? an hour, maybe 2.

At the end of the day, the market always decides. There is currently cumulative 550k ICN buy orders. Sure someone with a big bag can dump right through it, but what I've seen in crypto is solid projects bounce back to the same price it was before (or slightly under) INSTANTLY.

If you sold thinking price is going down to below ICO then all I can say is one thing

Iconomi.index is already working and will be announced very soon. There are a few people who have access to it right now and i think they said it has $30,000 invested in it. After that, 'things will flow' like they said. So let's just be patient and enjoy the fact that it is still so early and very little people know about Iconomi. I'm sure comms will improve once registration is open and we will have more AMAs etc... The problem is now, anytime they answer a question, they get bombarded with 10 additional questions and every single word they say is heavily scrutinised, misinterpreted and causes more problems than it solves. It would be time consuming and not the best way to use their time.

I prefer if they use their time to focus on the release of index coupled with a strong PR campaign to attract investments from 'old economy'. If it gets to March 31st and there has been nothing, then yeah I would be concerned as well. But for now, we have to be patient and let them use their time in the most effective way that is beneficial for the platform in the longterm, not what benefits people's emotions in the short term. I understand where you're coming from though and everyone is entitled to their opinion. Personally my opinion is comms is not an issue for me so far and the quality of platform and PR after it is released is far more important for me.  

+100


P.s. please don't reply to warren cunt. He has lost his credibility to everyone here so just let him to talk to himself, it's funny that way 

You do not need verified ID to own ICN, you can buy it offline from someone like buying bitcoins from localbitcoins and they can send it to your wallet.

However, if you plan to buy ICN or ICNX from the Iconomi website, you need verified ID just like you need verified ID to buy BTC, ETH from any website selling BTC or ETH directly. This is completely normal.

It is important to have verified ID on exchanges and Iconomi because they have a responsibility to make sure the service is not being used by criminals, drug dealers etc... Every reputable exchange has this responsibility and I am glad it is implemented by Iconomi.

Guys please the number 1 rule in online forums is DON'T FEED THE TROLLS

When you reply to Warren Cunt, you are giving him the attention and validation that he needs. This is what he craves after a whole day of being shoved in lockers during school.

From now on, just don't reply to him or anyone else who is clearly trying to troll/FUD. Anyone with half a brain can see the potential in this project, a 12 year old who has severe FOMO disorder has ZERO impact on the price or what the market thinks  

You must hold 42+ ICN and not be offended by topless bartenders. If so, you are welcome 

you're the only one sounding stupid. I said 'unlikely, unrealistic and out of this world' lol what more do you want cunt? it's called having a sense of humour a.k.a banter 

On September 26, 2006, Facebook was opened to everyone at least 13 years old with a valid Email address.

On October 24, 2007, after selling 1.6% share to Microsoft, Facebook had an implied value of around $15 Billion.

Crazy.... I hope it happens to ICN (it means $150 per ICN). It's so unlikely, so unrealistic, so out of this world, but that glimmer of hope that one day, we see it being pumped harder than Kim Kardashian's ass during butt implants is what gets me out of bed everyday, and also why I refresh price 1000 times everyday xD

Personally, I think first thing I would do is buy first class tickets to Slovenia and meet the team. Would be a classy thing to do. Then probable move to Bahamas and buy a bar there. Nothing fancy, I would have so much money so I don't want to run a business which is too stressful. But the bar will be called ICN, with free drinks for all ICN holders 


What would you do? 

Ok so if you paid less than 25k, you've probably doubled your btc and more than doubled the value in $. So why not dump your Icn and put your money somewhere else? You sound really concerned about trust issues with the devs. In addition, it doesn't seem like icn will be listed on polo anytime soon. So why not just sell and buy pascal or pot or any of the other pump and dump coins on poloniex? the devs already said they don't want icn to be pump and dump, so why are you still holding?

Nice try buddy. You were doing so well at trolling until now. If you actually hold icn, you wouldn't be spreading fud trying to get price lower, that would be extremely stupid. Based on your previous comments I'm having doubts but I will give you benefit of the doubt that you're not actually that stupid.

Anyway, which one is your buy order??? I have one in low .0004 for my gf but have been waiting 3 days so far to get filled it came close earlier today so hopefully will get filled in next couple of days! Good luck with yours!!!

I was starting to think the crybaby lunch allowance traders were gone after the last dump/platform delay. I guess they're back now or maybe it's a different bunch of kids who think they will make 10x profit in 1 week. Why not just sell your ICN and go buy python or pascal whatever the latest pump and dump shit coin is? Why cry about it here? If you really think devs are spending ICO funds on holidays and not working on platform then why not sell your 3x profit and fuck off? What's that? You don't wana sell? You actually like Iconomi? your scared if you sell now the platform will release and you will miss out? so the only thing you can do now is cry about it here? Ohhhh now I get it! actually makes a lot of sense 

I hope so! I'm curious though, why do you think it will be released much earlier? During ICO, did they say that it will be early 2017?

There will be 2 big pumps in 2017. First one is coming soon. Next couple of weeks an official announcement will read "Iconomi.index released - Accounts open for registration'. They said things will 'flow' after that. So few major announcements will be made between now and March:

1- "Iconomi.index released - Accounts open for registration '$.50-$1'
2- " Fiat deposits now accepted $1+
3- " ICN and ICNX available for trading on following major exchanges" $1-$3
4- "First dividends payout is on the way - move your ICN off exchange to receive dividend" $5 briefly then correction back to $3 once first dividend has been paid.


In March-May, price should be stable around $2-$3. It will go sideways for a couple of months, with a few dumps. A clear cup and handle formation will show on the charts. Then June/July Following announcements:

1- OFM platform released - create your own fund bitches - will pump to ATH and find resistance around $5, this will be the handle part of the cup and handle formation

2- At the same time....Big PR campaign, Forbes, International Business times, even playboy will publish about ICN, start of new rally $5-$7

3 - At the same time...  Your visa/mastercard is on the way bitches, no need to cash out into btc or have the tax man knock on your door, now you can buy Lamborghini directly with your ICN - $10+

It's hard to predict what the ATH will be during second rally. $10 is minimum and that is conservative... FOMO doesn't care about logic, and it doesn't care that ICN used to be $.20-$.40. It doesn't care that the price now is too high based on the value the platform is generating or the number of users or the dividends that you receive. FOMO does not give a fuck. It ends when there are no more buyers....Price is irrelevant. It can end at $10 or $100, no one can predict this and it depends how much new money is pumped from old economy.

Anyway... most people here will get excited and sell too early, buy back in, then sell early again etc... The smart people will HOLD and simply buy more ICN during the dumps.  

Do it ASAP! Think about it this way.... How much btc will it take for xmr to go to $20 compared to how much btc it will take for Icn to go to $1.

Even if xmr goes to $25, you make more money from Icn going to $1. Now which one is more likely to happen? It's a no brainer...

In theory, it should work just like an ETF (Exchange Traded Fund). https://www.youtube.com/watch?v=fT7h-TxAUvI


The real benefit though is you don't have to worry about securing 12 different wallets and having to rebalance your positions every few weeks. It is all done for you. I would much rather own ICNX, compared to having 12 different cryptos on exchange that can get stolen or hacked. I also don't have time to manage 12 different wallets and the private keys and keeping track of everything I own.

The cherry on top is each time some one buys or sells ICNX on Iconomi website, 1% fee is charged and paid to ICN holders every week. On top of that, 3% annual fee is charged for account maintenance and is paid to ICN holders as well.

Personally, majority of my bag will be loaded with ICN, but will also have small amount of ICNX to keep me entertained while dividends is rolling in  

The reason there is no volume right now is because platform will be launched after the ICO, they have suspended all current trading.

Previous trading was not actual Peerplays tokens. They were test tokens and ran on testnet (like a demo platform) not the real blockchain.

They took a snapshot of everyone who had it in their wallet, and once platform is released, you can claim the actual tokens by importing your private key. That is when the tokens will be officially released and traded on exchanges.

Peerplays crowdfund in 42 days. Would love to see ICNP invest in this project. The concept is similar to ICN in terms of fee distribution.


This would be excellent for ICN token holders because we would be getting another source of passive income from fees generated on Peerplays platform IN ADDITION to the fees that are already being generated on Iconomi platform! They claim that wagering industry is $3 trillion a year, so big market with lots of potential just like fund management. Seems like no brainer to me...

Thoughts?

Since everyone here likes to speculate on price, here is my analysis on what we can achieve this year. I like to use existing data in order to project future outcomes. So in this post, I will compare it to ETH since this has come up quiet a lot recently.

Although, we are comparing ICN (token that runs on Ethereum) vs ETH which is the gas that powers the Ethereum blockchain, they both have almost the same available supply. ICN is 87m and ETH 87.8m. So far the early charts for ETH are looking very similar to ICN. Because they have the same available supply, we can assume with a high degree of confidence that if and this is a BIG IF, but if ICN manages to increase the volume (which is indirect measure of demand), then we should see the same price action.

To put it simply, price is a product of supply and demand. Therefore, if supply is same for ETH and ICN, demand (volume is strong indicator for demand) will determine the price over the next 12 months.

Lets look at volume for ICN.... Right now, we have hit $0.5 million in 24 hours approximately 3 times in the last month. In order to repeat the same bull rally that we saw with ETH, we will need to start with minimum $1m in volume everyday. This is certainly achievable after the platform announcement.

In the next couple of months after announcement, I expect strong PR campaign by the team across cryptocurrency channels and mainstream media. They have already been listed on reputable publications like forbes, International Business times etc... In addition to that, we can expect to go 'viral' on YouTube and Facebook if there is a referral/affiliate program. (I.e. for every person you refer and deposits more than $100, you get a commission from that).

At that point, the quality of the product and service provided by Iconomi will determine whether people will invest into the platform and ICN. In order to see prices of $5+, we need peak 24 hour volume to reach $30-$50m at some stage this year. I know we are a long way from that right now, but do not underestimate the power of FOMO in Cryptocurrency. Believe me, The FOMO in these markets is REAL!

It is important to note however, it is expected that majority of ICN token holders will hold their tokens in their own private wallet to accumulate dividends, with a high percentage of them (I will be one of them) reinvesting dividends into buying more ICN. Coupled with the fact that there is no inflation and no mining, we can assume with high degree of confidence that the price of ICN will be a lot less negatively suppressed than ETH.

This means A) we can reach the same prices that ETH had with less volume/demand or B) If we achieve the same volume/demand that ETH had, then we should expect higher prices for ICN due to the 2 points mentioned above.

For the sake of being objective and not sounding deluded, ETH has a much bigger advantage over ICN due to the fact it is listed on multiple exchanges. It will be very difficult for ICN to achieve the same volume we had with ETH on only Kraken... So hopefully, we will see ICN pop up on more exchanges soon. Yes, Kraken is good enough for now. It has enough security and liquidity for most ICN holders. However, I don't think it will be enough to achieve the kind of volume that we are hoping for by itself. The reason is arbitrage. People make a lot of money from buying and selling across multiple exchanges during periods of high volatility. This increases volume and is really important factor in terms of how markets work.

What are other exchanges waiting for? I think that's a topic for another post.... However, I'm optimistic that even if major exchanges like polo do not list ICN because they see OFM platform as a rival, we will see several smaller exchanges list ICN. There are several well know exchanges that are struggling for volume such as Coinsquare, Bittrex, Yobit, Yunbi, Gemini etc... Those are all exchanges outside of top 10 in volume and will benefit massively by adding ICN. I think it's realistic that ICN will be on minimum 6 more exchanges in 2017.



TL;DR keep an eye on 24hour volume over the next couple of months. This should be a strong indicator (not the only indicator) but very strong indicator on whether or not we will see the same price for ICN as we saw for ETH 2016.

ICN price remains stable no matter how unstable BTC is. Don't get me wrong BTC, you were my first love and always have a special place in my heart, but ICN gives no fuck about you  

goldman suchs