ICONOMI - Live for today. Invest for tomorrow.

[rgornik]

I mentioned that ~ 1 Million is circulating (you can buy 900k on kraken, then there are no sell orders left). Only a small friction of that is what drives the price the whole time, the rest is getting HODLED.
 

If I would sell my ICN now I could smash the price to .00025 right now and I´m no "whale" or crypto pro, honestly this is my first bigger crypto investment


For that reason don´t take the price dumps too seriously if there is no valid reason for it, as a single person can make huge effects what psychologically might represent the masses in your eyes, but it isn´t necessarily and might just be a single guy sitting in front of his PC laughing about those getting tricked again  

Gotcha.    What's unfortunate is that this kind of malicious attack can be really unnerving to newcomers, so it's almost unavoidable that some newbies would get duped. Those bad guys are preying on weaklings like this.

You know what's amazing?    Almost 60% of ICN still being left in ICO wallet, that tells me this group of investors has got balls of steel.. LOL  

I'm really proud of you guys, and I'm very glad I got on the train.  

i wouldnt be too worried either. there were no special news last day and no special event. Team made their presence in Vienna and that is it. So this price volatility is almost 100% just people trying to get in cheap

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[loremipsum]

I can't believe FUD has so much effect. 10% down in 24hrs just from fudding! Are people so easily affected? This is crypto, you should have been prepared for that.

[calvinstm]

I can't believe FUD has so much effect. 10% down in 24hrs just from fudding! Are people so easily affected? This is crypto, you should have been prepared for that.

Take heed of the timing of those attacks --- the FUD/Dump combo attacks are usually done in the wee hours (late night - early morning in North America or working hours in Europe), when buy support is at its weakest and people are not ready with BTC to catch the sudden dip (because people are either sleeping or working)..  So it's very easy for any attacker to penetrate the buy walls and dupe newbies into selling lower..

It's been like this since the first day of FUD war... I am definitely seeing a pattern...

[puremage111]

Yay! A good one!

New Thread, no more FUD, news only announcement thread!

[J3p0]

I can't believe FUD has so much effect. 10% down in 24hrs just from fudding! Are people so easily affected? This is crypto, you should have been prepared for that.

Take heed of the timing of those attacks --- the FUD/Dump combo attacks are usually done in the wee hours (late night - early morning in North America or working hours in Europe), when buy support is at its weakest and people are not ready with BTC to catch the sudden dip (because people are either sleeping or working)..  So it's very easy for any attacker to penetrate the buy walls and dupe newbies into selling lower..

It's been like this since the first day of FUD war... I am definitely seeing a pattern...

Good observation, clearly this type of tactic is used to maximize the effect for the attackers to drive the price as low as possible, in order to buy back at the low end of the price fluctuations. Some group really wants their hands on ICN, and loads of it.

[mammusu]

I can't believe FUD has so much effect. 10% down in 24hrs just from fudding! Are people so easily affected? This is crypto, you should have been prepared for that.

Take heed of the timing of those attacks --- the FUD/Dump combo attacks are usually done in the wee hours (late night - early morning in North America or working hours in Europe), when buy support is at its weakest and people are not ready with BTC to catch the sudden dip (because people are either sleeping or working)..  So it's very easy for any attacker to penetrate the buy walls and dupe newbies into selling lower..

It's been like this since the first day of FUD war... I am definitely seeing a pattern...

I agree with, this is opportunity for FUD use this moment to get prices chiep
when there is a panic sell.

[btvGainer]

Does anyone know which is Kraken's ICN wallet, and how much ICN is stored there?

https://etherscan.io/token/ICONOMI#balances

I'm assuming the first one with 60% is the ICO walllet...

Someone mentioned only 1 million ICNs (1%) is on Kraken...  Is that real? I was sorta expecting something higher than that.

I mentioned that ~ 1 Million is circulating (you can buy 900k on kraken, then there are no sell orders left). Only a small friction of that is what drives the price the whole time, the rest is getting HODLED.
 

If I would sell my ICN now I could smash the price to .00025 right now and I´m no "whale" or crypto pro, honestly this is my first bigger crypto investment


For that reason don´t take the price dumps too seriously if there is no valid reason for it, as a single person can make huge effects what psychologically might represent the masses in your eyes, but it isn´t necessarily and might just be a single guy sitting in front of his PC laughing about those getting tricked again 

^^^ THIS!

This should be put into stone. Use your heads people.

We all should buy whatever ICN available on exchange.This is good opportunity to move ICN from weak hands to strong hands.
If devs and holders hold strongly, price can skyrocket within a week.When a lot of shitcoin can touch $1,why can't ICN?

[thenakedemperor]

so ICONOMI is fine with people making positive speculations like "WE'RE GOING TO THE MOON TODAY BUY NOWWWWWWWWWWWWWWW" but not with people genuinely concerned about the ability of the team to lead this project?
this means you support pumps, which is illegal too.

don't delete this comment, if you do tell me exactly why.

[Nargil]

so ICONOMI is fine with people making positive speculations like "WE'RE GOING TO THE MOON TODAY BUY NOWWWWWWWWWWWWWWW" but not with people genuinely concerned about the ability of the team to lead this project?
this means you support pumps, which is illegal too.

don't delete this comment, if you do tell me exactly why.

There was no "genuine concern" whatsoever. Just continuous FUD campaign. And you should really do some reading on law regulations.

don't delete this comment, if you do tell me exactly why.

Because what will happen if they delete it? You will launch nuclear attack?

[bcmine]

only if enough people are selling, the price can get back up by whales. and price fluctuation is good for profit.

people from us are excluded from the service and thats something going to change in the future? hehehe

https://iconomi.net/terms-of-use
4. Users from the United States
4.1 THE WEBSITE AND ITS PRODUCTS ARE NOT OFFERED FOR USE TO THE CITIZENS OF THE UNITED STATES OF AMERICA (“USA”) REGARDLESS OF THEIR LOCATION, AND ARE NOT OFFERED TO NATURAL OR LEGAL PERSONS, HAVING THEIR SEAT OR HABITUAL RESIDENCE IN THE USA.

4.2 ALL ACTIVITIES OF THE WEBSITE AND ITS PRODUCTS ARE EXECUTED OUT OF THE USA.

4.3 ICONOMI HAS ADOPTED ALL REASONABLE ORGANISATIONAL AND TECHNICAL MEASURES TO ASSURE THAT PRODUCTS FROM ITS WEBSITE ARE NOT AVAILABLE TO PERSONS FROM PARAGRAPH 4.1. DUE TO THE ICONOMI PRODUCTS BEING OFFERED ON THE INTERNET (MEANING BOTH THE WORLD WIDE WEB AND THE ETHEREUM BLOCKCHAIN) ICONOMI UNDERSTANDS THAT THERE IS A POSSIBILITY THAT THERE MIGHT BE A CERTAIN “FLOW BACK” OF ICONOMI PRODUCTS INTO THE USA OR TO THE CITIZENS OF THE USA. ICONOMI CONSEQUENTLY EXPLICITLY PROHIBITS PERSONS FROM PARAGRAPH 4.1 FROM USING ICONOMI PRODUCTS AND WEBSITE. ICONOMI SHALL NOT BE HELD LIABLE FOR ANY LEGAL OR MONETARY CONSEQUENCE ARISING OF SUCH USE. SUCH PERSONS USING ICONOMI PRODUCTS AND WEBSITE DESPITE THE PROHIBITION SHALL ON FIRST REQUEST INDEMNIFY AND HOLD HARMLESS ICONOMI FROM ANY LEGAL OR MONETARY CONSEQUENCE ARISING OF THEIR BREACH OF THIS TERMS AS DESCRIBED IN THIS PARAGRAPH 4.3.

[kurniajim]

What happend?
Iconomi dump at 30k 

[freemind1]

What happend?
Iconomi dump at 30k 

Nothing, patience is a virtue.

[calvinstm]

people from us are excluded from the service and thats something going to change in the future? hehehe

https://iconomi.net/terms-of-use
4. Users from the United States
...

Okay, I'm going to settle this question for you guys once for all. Anyone who makes a big deal out of this clearly has very little understanding & knowledge of the financial environment in the US.

In the US, regular, everyday people are barred from investing in hedge funds or participating in any high risk investment activity like angel investing (due to rules such as - SEC regulation D, section 506). Among other things, American people are also forbidden to own a multi-currency bank account or opening a financial service (trading/bank) accounts in most foreign countries.  For instance, are you aware that US residents are not allowed to use OkCoin? (most financial institutions simply would not accept US clients because of cumbersome regulations).

So you can say that the good o' USA is like a nanny state or even a police state at the moment.

In other words, regular folks in the US with little money are almost completely barred from participating in any highly profitable activity, only "accredited investors" or rich folks are allowed to do so. On the other hand, those rich folks ("accredited investors") are almost always millionaires and have access to things like hedge funds or offshore investment funds.

However, there are ways to circumvent this issue -- asset management or trust companies are allowed to make global investment.  So one way for everyday US investor to get into Iconomi is through asset management companies or offshore investment funds like I discussed earlier.  But as I said, the big money is with the fund mangers.

USA is an unusually case (you can probably make a case that it's worse than China in terms of financial freedom), so it's really not a big deal, ok?

[ComponY]

I am unfortunately all in, more icn to own sounds nice.
Today is the conferenence, right?
The game of the whales is unfortunately too dangerous for me.
It sounds tempting now to sell and bet on it, the price goes even farther down, but that's gambling not investing, right?

How long is this game still playing, or has greed no limit?
I'm confused.
L#sk was another hope for me, but i sold to late...

 

What price were you all in, more than 0.004 btc? And how much did you invest? You are not a good trader, you can get the price back if you wait patiently, the team will not let you down. Easy.

[ri80va]

https://twitter.com/iconominet?ref_src=twsrc%5Etfw


iconomi @ edcon in Paris

[bcmine]

people from us are excluded from the service and thats something going to change in the future? hehehe

https://iconomi.net/terms-of-use
4. Users from the United States
...

Okay, I'm going to settle this question for you guys once for all. Anyone who makes a big deal out of this clearly has very little understanding & knowledge of the financial environment in the US.

In the US, regular, everyday people are barred from investing in hedge funds or participating in any high risk investment activity like angel investing (due to rules such as - SEC regulation D, section 506). Among other things, American people are also forbidden to own a multi-currency bank account or opening a financial service (trading/bank) accounts in most foreign countries.  For instance, are you aware that US residents are not allowed to use OkCoin? (most financial institutions simply would not accept US clients because of cumbersome regulations).

So you can say that the good o' USA is like a nanny state or even a police state at the moment.

In other words, regular folks in the US with little money are almost completely barred from participating in any highly profitable activity, only "accredited investors" or rich folks are allowed to do so. On the other hand, those rich folks ("accredited investors") are almost always millionaires and have access to things like hedge funds or offshore investment funds.

However, there are ways to circumvent this issue -- asset management or trust companies are allowed to make global investment.  So one way for everyday US investor to get into Iconomi is through asset management companies or offshore investment funds like I discussed earlier.  But as I said, the big money is with the fund mangers.

USA is an unusually case (you can probably make a case that it's worse than China in terms of financial freedom), so it's really not a big deal, ok?

ok. one for all.

https://blog.wavesplatform.com/app-tokens-revolution-cats-are-coming-bfa8e9b26ef#.r5gj7ncix
cats?

Let’s list certain approaches that should NOT be used.
You can’t promise to pay dividend to the token buyers. It’s a securities offering. If you really need to do it go to Securities and Exchange commission and file for IPO.
Tokens can’t represent equity in your company without approval from corresponding regulatory bodies. You can attach certain voting rights to them (meaning for example your users can decide on the development direction), but you can’t connect them to equity without proper legal backing.
You can’t issue tokens and promise to buy them back with a premium later. It clearly constitutes a security offering; read up on Howey test.


poloniex regulation? no trading for ICN. maybe they could trade ICNX the funds, but polo allows us user so there is the question of kind of custom asset token you are allowed to. regulatory and kraken is different to polo.

[estenity]

another important question:

is it possible to short ICN at KRAKEN ?

[XbladeX]

I can't believe FUD has so much effect. 10% down in 24hrs just from fudding! Are people so easily affected? This is crypto, you should have been prepared for that.

This is not ICN FUD this is just "BTC ETF " effect and people want now out just in case price will rocket - that is my prediction what is happenig.

[wosch76]

https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-31-january-2017-rebalancing-cb2b63c8a197#.p5h5cnloa

I don't get why NEM isn't added to the index yet.
please ELI5

[ideaupdater]

thats the reason why all digital currency base on funds can not be exchange in poloniex and bittrex for ever unless US government change the law.

so do ICN