[ANN] ICONOMI - Fund Management Platform

[trumpc2016]

Haha he is trying to get coins back He will pump it more up later after realizing that he is missing the train

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[bluedeep]

Examining the 360k dump on the Kraken chart.  

220k dumped at 2016-12-26 13:05:00 @ median price 0.0003435 = 75.57 BTC

140k dumped in chunks starting around 2016-12-27 10:00:00 @ 0.00032 = 44.8 BTC

So he dumped his 360k for about 120 BTC = average price 0.000334

I suspect he made about a 55k ICN profit if he was able to buy back in around 0.00029.  I didn't see any obvious signs of him buying back in on chart of orderbook, so if he did, it was in 10k-50k chunks.

Price drop was due to this one trader, there's no other significant volume spikes on the chart.

Conclusion: ICN holders still holding strong.  RIP to the noobs if they panic sold.  RIP to the whale if he hasn't bought back in, he will look like crying Jordan soon.

Maybe he put small buy orders ( this tactic  is to prevent price to go up quickly- big orders can create buy support ) I think he bought back already, and don't forget that price was 0.000235 0.0005 for few hours...

[Ive Gone Parabolic]

Damn. Good crash. What a buying opportunity! 

I wouldn't worry at all.  The price is being spring loaded. 

Who loads it with the springs ?, because iconomi and not NXT, NXT is already working
NXT cap 6 $million
ICONOMI cap 21.8 $ million

NXT is a giant shouldering the sky and can only be compared with noble cryptos. Not to bitch around but its shame that a flimsy ethereum token outperforms elite crypto created in chinatown.

[kobilica]

Slovenia is not chinatown, on what drugs are you?

[Anna_nicole_smith]

With 5k icn someone can become rich ?
Serious question

[bluedeep]

Haha he is trying to get coins back He will pump it more up later after realizing that he is missing the train

Nup, he is on profit already. He knew about of delay so " the ball was in his hands" we just looked like stupid. He made nice profit. I didn't sold mine but for sure I'll dump next time when I see some suspect ( and I have enough ICN )

[MoveCrypto]

Sad to see that there was a troll here during the dump encouraging ICN investors to hang themselves.

Trolling is going to pick up as the price rises and ICN clones and their 'marketing' teams start-up.

Probably part of psyops campaign trying to get noobs to panic sell into buy orders.

[gomados]

i bought 24k! between 0.000267 and 0.000298

[Daparski]

Examining the 360k dump on the Kraken chart.  

220k dumped at 2016-12-26 13:05:00 @ median price 0.0003435 = 75.57 BTC

140k dumped in chunks starting around 2016-12-27 10:00:00 @ 0.00032 = 44.8 BTC

So he dumped his 360k for about 120 BTC = average price 0.000334

I suspect he made about a 55k ICN profit if he was able to buy back in around 0.00029.  I didn't see any obvious signs of him buying back in on chart of orderbook, so if he did, it was in 10k-50k chunks.

Price drop was due to this one trader, there's no other significant volume spikes on the chart.

Conclusion: ICN holders still holding strong.  RIP to the noobs if they panic sold.  RIP to the whale if he hasn't bought back in, he will look like crying Jordan soon.

Trolls will be trolling
Babies will be crying
Weak hands will be shaken

[kobilica]

Ah just bought more, nice price drop:).

[pind919]

Daparski you sure you did not dump some ICN two days ago? (like 100K)

[cyrixcer]

Examining the 360k dump on the Kraken chart.  

220k dumped at 2016-12-26 13:05:00 @ median price 0.0003435 = 75.57 BTC

140k dumped in chunks starting around 2016-12-27 10:00:00 @ 0.00032 = 44.8 BTC

So he dumped his 360k for 120.37 BTC = average price 0.000334

I suspect he made about a 55k ICN profit if he was able to buy back in around 0.00029

Entire price drop was due to this one trader, there's no other significant volume spikes on the chart besides him selling/buying 360k (50% of daily volume from one guy)

Conclusion: ICN holders still holding strong.  RIP to the noobs who panic sold into this whale's buy orders and increased his ICN stack

Nice analysis. Also explains why we're already back up at 0.0003

I don't think it is nice analysis, why you consider they are same person, why you consider he will rebuy?

[Wompa]

Was hoping the price would drop more so I could get more. Hopefully it wil come down between now and when the platform is released.

[pind919]

yellow card for ICONOMI (false hope with investors).

also yellow card for info on 360K dump..


the good news is the price will recover and we buy cheap ICN again!!


So the best news is the lambo pics are back!!

I am holding + collecting cheap ICN tokens.






BTW MONERO is rising star?
Monero   $173,002,834   $12.69   13,635,047 XMR   $10,888,000   23.49%

[MoveCrypto]

Examining the 360k dump on the Kraken chart.  

220k dumped at 2016-12-26 13:05:00 @ median price 0.0003435 = 75.57 BTC

140k dumped in chunks starting around 2016-12-27 10:08:00 @ 0.00032 = 44.8 BTC

So he dumped his 360k for about 120 BTC = average price 0.000334

I suspect he made about a 55k ICN profit if he was able to buy back in around 0.00029.  I didn't see any obvious signs of him buying back in on chart of orderbook, so if he did, it was in 10k-50k chunks.

Price drop was due to this one trader, there's no other significant volume spikes on the chart.

Conclusion: ICN holders still holding strong.  RIP to the noobs if they panic sold.  RIP to the whale if he hasn't bought back in, he will look like crying Jordan soon.

Nice analysis. Also explains why we're already back up at 0.0003

I don't think it is nice analysis, why you consider they are same person, why you consider he will rebuy?

https://etherscan.io/token/ICONOMI?a=0x0618b4b48a5a3cd9739e2fddff332f242dc1811e

260k deposited to Kraken at 26 Dec 01:18:29

https://dwq4do82y8xi7.cloudfront.net/widgetembed/?symbol=KRAKEN%3AICNXBT&interval=D&symboledit=1&toolbarbg=f1f3f6&hideideas=1&studies=&theme=White&style=1&timezone=exchange

Then if you look 12 hours later on Kraken chart (click on "1" in the top left so you can see minute-by-minute), you see 220k dumped at 26 Dec 13:05:00

100k deposited to Kraken from same address at 26 Dec 19:12:57

Then if you look 12 hours later on Kraken chart, you see 100k+ dumped starting around 27 Dec 10:08:00

Looks to me like a guy transferring coins to Kraken, going to sleep or work for 12 hours while deposit is confirming, then dumping.

[condoras]

Haha he is trying to get coins back He will pump it more up later after realizing that he is missing the train

He won't get his coins back cheaply, some of us have been buying 

I am with those my friend, i wish ican buy more that i already have...
And for sure i will not give them cheaply...

[cyrixcer]

Examining the 360k dump on the Kraken chart.  

220k dumped at 2016-12-26 13:05:00 @ median price 0.0003435 = 75.57 BTC

140k dumped in chunks starting around 2016-12-27 10:08:00 @ 0.00032 = 44.8 BTC

So he dumped his 360k for about 120 BTC = average price 0.000334

I suspect he made about a 55k ICN profit if he was able to buy back in around 0.00029.  I didn't see any obvious signs of him buying back in on chart of orderbook, so if he did, it was in 10k-50k chunks.

Price drop was due to this one trader, there's no other significant volume spikes on the chart.

Conclusion: ICN holders still holding strong.  RIP to the noobs if they panic sold.  RIP to the whale if he hasn't bought back in, he will look like crying Jordan soon.

Nice analysis. Also explains why we're already back up at 0.0003

I don't think it is nice analysis, why you consider they are same person, why you consider he will rebuy?

https://etherscan.io/token/ICONOMI?a=0x0618b4b48a5a3cd9739e2fddff332f242dc1811e

260k deposited to Kraken at 26 Dec 01:18:29

https://dwq4do82y8xi7.cloudfront.net/widgetembed/?symbol=KRAKEN%3AICNXBT&interval=D&symboledit=1&toolbarbg=f1f3f6&hideideas=1&studies=&theme=White&style=1&timezone=exchange

Then if you look 12 hours later on Kraken chart (click on "1" in the top left so you can see minute-by-minute), you see 220k dumped at 26 Dec 13:05:00

100k deposited to Kraken from same address at 26 Dec 19:12:57

Then if you look 12 hours later on Kraken chart, you see 100k+ dumped starting around 27 Dec 10:08:00

Looks to me like a guy transferring coins to Kraken, going to sleep or work for 12 hours while deposit is confirming, then dumping.

Nice detective catching, dude. So we can cheap from him, if we don't get rid of these greedy whales, we can't go up.

[freebutcaged]

Now again icn went back below $0.28 while monero is trying to aim for orbit and from there to the moon.
I'd wait for more icn dumping and suggest no one buys any amount until it goes down under $0.20.
Just be the good people like you always are and let us buy more cheap with the money that we don't have because the one supposed to pay us were too lazy .

[MoveCrypto]

INCX is growing nicely due to BTC and XMR growth.  Holding over the 1400 mark @ 1459.

INCX grows even when some alts are down  

ICNX
1,459.19 7.89 (0.54%)
Last update: Wed, 28 Dec 2016 00:49:05 +0000

https://ico.iconomi.net/

There's a good post for discussion on reddit.

Any opinions on giving BTC an exemption from rebalancing?  This would mean if BTC keeps doing one of its classic massive growths where it goes higher than anyone expected, it might end up becoming 30% to 60% of the total value of the index

As it is right now, every month if the value of the BTC in the array has grown past 15% of the total value of the array, then BTC is sold and the other altcoins in the array are bought in order to lower the BTC % and raise the % of the altcoins.

https://www.reddit.com/r/ICONOMI/comments/5kku8q/agree_or_disagree_btc_should_be_exempt_from/

Selling an upward trending BTC every month during rebalancing, in order to buy downward trending alts would not be a good way to make profit for people putting money into index array.

Do you think Bitcoin will continue upward trend and other altcoins in array will continue downward trend?  I guess that's the most important question when it comes to index fund weighting strategy. 

If people think BTC will continue to give better returns than the index, then they will just hold their BTC instead of putting it into the index.

https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-21-december-2016-rebalancing-transformation-into-iconomi-8e31e48493ab#.e82nsmx0i

Maybe a better trader than me has some input they could post on reddit.

[MoveCrypto]

INCX is growing nicely due to BTC and XMR growth.  Holding over the 1400 mark @ 1459.

INCX grows even when some alts are down  

ICNX
1,459.19 7.89 (0.54%)
Last update: Wed, 28 Dec 2016 00:49:05 +0000

https://ico.iconomi.net/

There's a good post for discussion on reddit.

Any opinions on giving BTC an exemption from rebalancing?  This would mean if BTC keeps doing one of its classic massive growths where it goes higher than anyone expected, it might end up becoming 30% to 60% of index

As it is right now, every month if the value of the BTC in the array grows past 15% of the total value of the array, then BTC is sold and the other altcoins in the fund are bought in order to lower the BTC % and raise the % of the altcoins.

https://www.reddit.com/r/ICONOMI/comments/5kku8q/agree_or_disagree_btc_should_be_exempt_from/

Selling an upward trending BTC every month during rebalancing, in order to buy downward trending alts would not be a good way to make profit for people putting money into index array.

Do you think Bitcoin will continue upward trend and altcoins will continue downward trend?  I guess that's the most important question when it comes to index fund weighting strategy.

I think BTC will rise some more and that alts with solid fundamentals will generally float up with BTC.

As for the weighting of the INCX index for BTC, would be tempting to increase on a bull run but i suspect the team will stick with the formula.  Of course they could be running a few models of BTC growth (and rapid decline) through some simulation and are having a red hot think about it.  

EDIT: reminds me that over 6k BTC was collected during the ICO.  I would have to look up what the price of BTC was during the ICO, to say the least it's gone up in value since.....

BTC is up 29% this month, and the index 8.8%

If people expect this trend to continue, then it makes sense to just hold BTC, and maybe put a little bit into index in order to diversify into altcoins.

I'm bullish on ICN too, so for me index array would be more attractive if it included ICN.  It fits all the criteria.

I don't know if team reads all the posts here, so you can post on reddit if you have any good thoughts about this.