[ANN] ICONOMI - Fund Management Platform

[FrankPM]

Can Blue Magic Capital please keep to its own thread from now on?

It would be very much appreciated.

Cheers.

Of course man, but have in mind that 90% of success of ICONOMI will be because of OFM platform. If the platform doesn't work properly, or there's no general interest in using it, ICONOMI will have very low revenues cause ICNX passive index is basically an unappropiate way to invest in these cryptomarkets. So yeah, as a ICN holder you should be very interested in these kind of projects, not only mine.  

Cheers.

[Flyingbits]

Do you know of any reliable web where I can set up email alerts for ICN token prices and changes?

Thx in advance

[Flyingbits]

ICONOMI will have very low revenues cause ICNX passive index is basically an unappropiate way to invest in these cryptomarkets.

Time will tell... Good luck!

[andraxyz]

Can Blue Magic Capital please keep to its own thread from now on?

It would be very much appreciated.

Cheers.

Of course man, but have in mind that 90% of success of ICONOMI will be because of OFM platform. If the platform doesn't work properly, or there's no general interest in using it, ICONOMI will have very low revenues cause ICNX passive index is basically an unappropiate way to invest in these cryptomarkets. So yeah, as a ICN holder you should be very interested in these kind of projects, not only mine.  

Cheers.

That's true, we need people like Frank PM in iconomi. Keep up the good work, Frank

[Wapinter]

Can Blue Magic Capital please keep to its own thread from now on?

It would be very much appreciated.

Cheers.

If they would be using ICONOMI platform,they are right in posting it here and let ICONOMI investors inform about their plans.
This thread is become a trollbox anyway with lots of lambos pics and speculations

[BitPotus]

Can Blue Magic Capital please keep to its own thread from now on?

It would be very much appreciated.

Cheers.

Of course man, but have in mind that 90% of success of ICONOMI will be because of OFM platform. If the platform doesn't work properly, or there's no general interest in using it, ICONOMI will have very low revenues cause ICNX passive index is basically an unappropiate way to invest in these cryptomarkets. So yeah, as a ICN holder you should be very interested in these kind of projects, not only mine.  

Cheers.

I am already on your telegram channel for a while now so don't worry about that....

I just don't want to read about some slanging match about Blue Magic Fund on the ICONOMI thread.

It'd be better if I were reading it on your own thread.

 

[VultureFund]

Yeah, better talk about the important thing here

[MoveCrypto]

Can Blue Magic Capital please keep to its own thread from now on?

It would be very much appreciated.

Cheers.

Of course man, but have in mind that 90% of success of ICONOMI will be because of OFM platform. If the platform doesn't work properly, or there's no general interest in using it, ICONOMI will have very low revenues cause ICNX passive index is basically an unappropiate way to invest in these cryptomarkets. So yeah, as a ICN holder you should be very interested in these kind of projects, not only mine.  

Cheers.

Nice to see the first fund managers (other than Iconomi) who plan to use the OFM platform.

Digibyte (DGB)
Vertcoin (VTC)
Blackcoin (BLK)
Nexium (NXC)
Florincoin (FLO)
Viacoin (VIA)
Litecoin (LTC)
Dogecoin (DOGE)
Antshares (ANS)
Stratis (STRAT)

Some of these are very small market cap and volume, so I wonder if Iconomi will add them to OFM.  I'm not sure what their strategy/criteria is for adding coins to OFM yet.

[stratisage]

Hey folks, sorry to spam the topic. I'm the manager of Blue Magic Capital and I'm planning to get our hedge funds in ICONOMI, you can take a look at our porfolios and performances:


https://bitcointalk.org/index.php?topic=1735130.0


Happy 2017 for ICONOMI and everyone, it seems like it will be a great year for all!! 

Hi, why Litecoin and Maidsafe? There is no future for Litecoin and it took 10 years for Maid to provide Alfa. Also, from my subjective point of view Maid is not driven by capable people. Can you share you perspective?

We much appreciate your knowledge and skills into ICONOMI economy. You know that 8,9 of 10 posts here are empty of value, so please don`t sweat it. Don`t flood us, but please come here from time to time and share your thoughts. Maybe some internal info...

P.S. I bet my A$$ on Stratis. It is already 7x ICO. I am very happy with it. They have top crypto developers in the World and are doing incredible features, just because they can. They need little P.R. and volume.

[pind919]

Hey folks, sorry to spam the topic. I'm the manager of Blue Magic Capital and I'm planning to get our hedge funds in ICONOMI, you can take a look at our porfolios and performances:


https://bitcointalk.org/index.php?topic=1735130.0


Happy 2017 for ICONOMI and everyone, it seems like it will be a great year for all!! 

Hi, why Litecoin and Maidsafe? There is no future for Litecoin and it took 10 years for Maid to provide Alfa. Also, from my subjective point of view Maid is not driven by capable people. Can you share you perspective?

We much appreciate your knowledge and skills into ICONOMI economy. You know that 8,9 of 10 posts here are empty of value, so please don`t sweat it. Don`t flood us, but please come here from time to time and share your thoughts. Maybe some internal info...

P.S. I bet my A$$ on Stratis. It is already 7x ICO. I am very happy with it. They have top crypto developers in the World and are doing incredible features, just because they can. They need little P.R. and volume.

Stratis web -

Our site is temporarily down for maintenance. We will be back soon.

[jt0461]

Has anyone had issues withdrawing funds to Kraken? Mine has been stuck as sending for the last 5 hours from iconomi?!

My test transaction worked fine.

[stormia]

Has anyone had issues withdrawing funds to Kraken? Mine has been stuck as sending for the last 5 hours from iconomi?!

My test transaction worked fine.

I remember reading right after the ICO that larger withdraws would be manually processed and so could take longer to go through, so if you withdraw is "large" (I don't remember what the threshold is or if it was ever explicitly stated) that could be why. Idk if they have changed that since the ICO release or not, though.

[pind919]

Has anyone had issues withdrawing funds to Kraken? Mine has been stuck as sending for the last 5 hours from iconomi?!

My test transaction worked fine.

make sure you confirm email. (check your email and confirm withdraw)

[jackiedragon]

Found an interesting analysis in https://np.reddit.com/r/Shadowcash/comments/5lhh6m/the_intelligent_investors_guide_to_cryptocurrency/?

ICONOMI (ICN)
In it's simplest form it is an index fund of certain cryptocurrencies i.e. it represents several million dollars worth of USD and Euro that have been converted into a mixture of Bitcoin, Ethereum, Monero, Dash, Maidsafecoin among a few others. The value of this portfolio will fluctuate and it's composition will periodically change depending on whether the coins it represent fail to or achieve certain criteria.
It will also incorporates a fund management platform that is to say in layman's terms, it will be an air B&B of investment advisors and fund managers in cryptocurrency.
Those two points constitute it's value proposition. By nature of the way it works it has an easily identifiable P/E ratio based on the amount used to create the fund ($10.5 million) against the current value of that fund based on it's
If you believe the total marketcap (total valuation) of crptocurrency is going to boom through 2017 and the next few years (and it has massive room to do so given the marketcap and limitations of Gold along with emergent non-speculative usability of certain cryptocurrencies) then ICN is possibly a very good token to buy and simply hold.
The price of ICN is currently $0.33. Based on it's initial valuation of $0.14 per token this would give it an approximate P/E ratio of 2.36. This is falsely assuming the total fiat value of the index has stayed static.
In reality the ICN index has increased 30% in value so as of writing it's true P/E ratio is ($0.33 / (0.14*1.3)) = 1.81.
Compared to other currencies where the intrinsic P/E ratio is infinity this is incredible and represents amazing value for money even when compared against traditional stocks (e.g. GOOG shares as of writing have a P/E ratio of 33).
So for absolute beginners, the risk averse and long term investors, ICN may be the safest and most profitable token to invest in over the long term.
Risks to be aware of are the possibility of regulation restricting or banning the ICN token, a general decline in cryptocurrency marketcap and poor performance in multiple coins composing the ICN index which would bring the value of ICN down significantly.

[B!gSmoke]

one question for those that are looking closely to incx. so we have btc constant rise and now it looks eth is on a rise too. but btc sooner or later will hit a top of the rise and then it will consolidate. is icnx flexible enough to absorbe that future btc fall with other coins' rise in order not to see too great fall of value in the index?

When btc drops alts go up.

yes i know but share of btc in the index is quite big + do you think alt rise can compensate for btc drop 1:1?

It looks like you got something wrong there. Bitcoin is only 15% of ICNX. In total we got 11 different currencies and if just one goes down I think there should be no problem at all, because in the meantime 10 others could go up. That's why they invest in so many different currencies to back each other up if one is struggling.

[shinratensei_]

Has anyone had issues withdrawing funds to Kraken? Mine has been stuck as sending for the last 5 hours from iconomi?!

My test transaction worked fine.

It's mean the hot wallets are empty and wait until the hot wallets get filled by the team. It will be taking a day.

[Ullukapatha]

Wait for the sur    price!!!

A 21 years old kid who doesn't even know how to properly wipe his ass wants everyone to put money in his fund. I would not put a dime in an iconomi fund manager like this one. 

[Enjorlas]

Wait for the sur    price!!!

A 21 years old kid who doesn't even know how to properly wipe his ass wants everyone to put money in his fund. I would not put a dime in an iconomi fund manager like this one. 

If they get results, I don't give a damn who it is.

[Dewi08]

Has anyone had issues withdrawing funds to Kraken? Mine has been stuck as sending for the last 5 hours from iconomi?!

My test transaction worked fine.

It's mean the hot wallets are empty and wait until the hot wallets get filled by the team. It will be taking a day.

I never experienced it, have problems in withdrawals in kraken, it did not take long to wait for a problem case of withdrawal of funds, may, Iconomi must add the site a good trade, for the withdrawal of large amounts, as well as quantities small, so there is no problem like this ..

[honolulumark]

Wait for the sur    price!!!

A 21 years old kid who doesn't even know how to properly wipe his ass wants everyone to put money in his fund. I would not put a dime in an iconomi fund manager like this one. 

You never know.