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Author Topic: ICONOMI - Live for today. Invest for tomorrow.  (Read 556035 times)
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niksdt101
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July 10, 2017, 05:04:52 AM
 #6361

On July 12th will be next Reddit AMA session.
And by the end of July  Q2 Financial Report will be published.
After Q2 report ICN price should definitely start to move
I also hope icn goes to moon after August.There next investment would be propy.It is also a very promising project related to real estate industry

also waiting for august. everyone talks bad for cypto world in august , but i guess ICN is going to moon!!!
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July 10, 2017, 09:28:40 AM
 #6362

On July 12th will be next Reddit AMA session.
And by the end of July  Q2 Financial Report will be published.
After Q2 report ICN price should definitely start to move
I also hope icn goes to moon after August.There next investment would be propy.It is also a very promising project related to real estate industry

also waiting for august. everyone talks bad for cypto world in august , but i guess ICN is going to moon!!!

Lets just hope this BTC hardfork business goes through quickly and smoothly. The sooner this is forgotten, the sooner we can get back to steady rise for all the crypto economy.

A new Wannacry type worldwide virus attack might help bringing the media spotlight back on us and thus increasing the flow of new money. This will all benefit ICN, considering the wide range of cryptos managed by the fund.
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July 10, 2017, 01:39:01 PM
Last edit: July 10, 2017, 01:55:21 PM by Mendeleev
 #6363

Quote
We’ve changed the platform fees
Since our ICO, the value of ICN has appreciated to the level where we are now reducing the ICN transaction fee. Instead of 1 ICN per withdrawal, the fee for ICN withdrawals will be 0.1 ICN per transaction.

This is exactly why buy backs don't work. Who cares if ICN is valued at 10$ and the cost of using it is reduced. The whole utility factor.

If all the ICN in the world spare 1 is burned they just reduce the rate to .00000001 ICN for transaction fees. Don't get me wrong, I still hold hundreds and want it to appreciate but I still fail to see why this should rise given the fact that the shares don't represent ownership or airdrops. Airdrops happen on the bitshares dex is you hold obits or several other tokens. It's totally possible to do it if the shares aren't on an exchange which decreases liquidity and increases value

I've pondered on this too, but the same case could be made for many tokens with a fixed/capped supply. The supply reduction only speeds up this process. Even inflationary tokens will do this, as their values are currently still increasing in $ value (well, they were until recently Tongue)

If I wanted 1 bitcoin for my computer last year, you might have paid it. If I asked for 1 bitcoin for it now, you'd laugh at me (plus the computer would be more dated, but let's ignore that!)

You might be right that it won't work. I'm not sure. This was never part of the original plan (at least not as we know it), so it does seem like it's been "thrown together" on a platform that was never built with this buyback/utility system in mind.

I suppose we'll have to wait and see just what this utility is, before making a final judgement. It could be that you need a large amount of ICN in lock-up, in order to run a DAA (like a masternode type thing). Jani has also said that those with a lot of ICN will be able to join the ICO investing service (where you can have your funds sent with theirs, when an ICO is likely to sell out fast)

As far as I understand it, the consumer-facing aspect of Iconomi is to buy into DAAs - not to create them. I expect anybody creating them will already be familiar with crypto, and ICN's usage will make enough sense to them. I don't imagine an end user will ever need to buy/use ICN for anything, so its fluctuating value won't be a concern there. The end user will never have to worry about ICN - they'll be buying ICNX, or whatever.

Just some thoughts.

(Hi Daparski)
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July 10, 2017, 02:53:16 PM
 #6364

Quote
We’ve changed the platform fees
Since our ICO, the value of ICN has appreciated to the level where we are now reducing the ICN transaction fee. Instead of 1 ICN per withdrawal, the fee for ICN withdrawals will be 0.1 ICN per transaction.

This is exactly why buy backs don't work. Who cares if ICN is valued at 10$ and the cost of using it is reduced. The whole utility factor.

If all the ICN in the world spare 1 is burned they just reduce the rate to .00000001 ICN for transaction fees. Don't get me wrong, I still hold hundreds and want it to appreciate but I still fail to see why this should rise given the fact that the shares don't represent ownership or airdrops. Airdrops happen on the bitshares dex is you hold obits or several other tokens. It's totally possible to do it if the shares aren't on an exchange which decreases liquidity and increases value

...

(Hi Daparski)

LOL, how you pop up here when everything is bleeding.
So you're back from reddit for now?

Man, the game you play..
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July 10, 2017, 03:15:36 PM
 #6365

LOL, how you pop up here when everything is bleeding.
So you're back from reddit for now?

Man, the game you play..

I always read here. I actually checked reddit just before, and noticed you made the same point as I did, around 8 hours before me (about end users not needing ICN)

Great fools think alike!

The bleeding has been fun. 10-15 billion up and down every week. It'll be interesting to see if Iconomi have timed their launch just right.
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July 10, 2017, 04:17:09 PM
 #6366

Prices going down.It is good for buyback.Low price means more buyback and more burnt icn.Less icn means increase in value of each icn.
Any news when next buyback is scheduled?
the price is not very low, it was 70% for the week, and then almost -30% I would like some more lower -50 or else these guys I will tear off three skins.

Yea, but the "shitty" thing is it only falls when everything else falls too. Meaning when I see cheaper ICN I'm like "Oh ICN has gone cheap, time to buy some, lets see how many I can buy". Then I do some calculations and it turns out I can always buy about as many ICN as I could have bought before the current mass sell off, cause my ETH for example has also gone cheaper Cheesy

In this situation you have to buy using fiat obviously. Now is a good time to buy everything tbh.
I'm trying to find my entry point, but something to me suggests that we can be even lower to the point of -60 where I started and then it will be necessary to take.

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July 10, 2017, 05:03:25 PM
 #6367

Buybacks coming....buy now!
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July 10, 2017, 05:26:38 PM
 #6368

Buybacks coming....buy now!
while I think a bit expensive with the decline of -20% will be an interesting price. the profit comes to the patient.

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July 10, 2017, 05:41:08 PM
 #6369

Good team and fantastic project Iconomi is. Sad I did not participate in their ICO.
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July 10, 2017, 07:47:49 PM
 #6370

Good team and fantastic project Iconomi is. Sad I did not participate in their ICO.

You can hop in now. Lower price is a dream Wink
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July 10, 2017, 07:56:06 PM
 #6371

Good team and fantastic project Iconomi is. Sad I did not participate in their ICO.

You can hop in now. Lower price is a dream Wink

I don't think a lower price is a dream because there is an important bitcoin decission on the way about hard fork. And iconomi is traded on Kraken which has a huge volume. If people start to sell, this token falls very badly.
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July 11, 2017, 07:19:15 AM
 #6372

Down she goes Sad
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July 11, 2017, 07:55:31 AM
 #6373

When will there be information on ICN token incineration? It's been three months, and there's no information. Sad

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July 11, 2017, 07:58:23 AM
 #6374

Should have all listened to me two weeks ago when I said this would all come crashing down. I sold my stash at average 0.0015, bought at 0.0003.

Good luck.
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July 11, 2017, 08:25:19 AM
 #6375

BTFD Guys!

Crypto is in a selloff, nice time to buy!  Grin
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July 11, 2017, 09:48:03 AM
 #6376

July AMA has begun, post your questions: https://www.reddit.com/r/ICONOMI/comments/6mkw3j/iconomi_ama_july_2017/

Should have all listened to me two weeks ago when I said this would all come crashing down. I sold my stash at average 0.0015, bought at 0.0003.

Good luck.

When you bought at 0.0003?, to my knowledge it did not dump to this level.

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July 11, 2017, 09:58:05 AM
 #6377

July AMA has begun, post your questions: https://www.reddit.com/r/ICONOMI/comments/6mkw3j/iconomi_ama_july_2017/

Should have all listened to me two weeks ago when I said this would all come crashing down. I sold my stash at average 0.0015, bought at 0.0003.

Good luck.

When you bought at 0.0003?, to my knowledge it did not dump to this level.



3-4 months ago ICN was at 0.0002.

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July 11, 2017, 10:07:30 AM
 #6378

Should have all listened to me two weeks ago when I said this would all come crashing down. I sold my stash at average 0.0015, bought at 0.0003.

Good luck.

I listened... to you and others. Took most of my money out of crypto near the end of June. It was starting to look like a mistake at first, but not anymore!

It's been a fun year so far! Looking forward to seeing where we go next.

Let us take a moment of silence for the new blood who bought at the top  Cry
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July 11, 2017, 10:59:07 AM
 #6379

Should have all listened to me two weeks ago when I said this would all come crashing down. I sold my stash at average 0.0015, bought at 0.0003.

Good luck.

I listened... to you and others. Took most of my money out of crypto near the end of June. It was starting to look like a mistake at first, but not anymore!

It's been a fun year so far! Looking forward to seeing where we go next.

Let us take a moment of silence for the new blood who bought at the top  Cry

What if price suddenly goes up again next month and you won't be able to buy again? .
Imo the best option is to do nothing. Neither sell nor buy till market stabilizes.

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July 11, 2017, 01:06:44 PM
 #6380

What if price suddenly goes up again next month and you won't be able to buy again? .
Imo the best option is to do nothing. Neither sell nor buy till market stabilizes.

It was a pure risk on my part. I just happened to be lucky that the market continued down afterwards. Part of it was knowing how much I'd panic if it got this low. I don't have the balls some people have  Grin
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