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 Author Topic: ICONOMI - Live for today. Invest for tomorrow.  (Read 564323 times) This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
ghatts
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 March 28, 2017, 09:40:07 PM

Let me calculate this for all of you.

#dividendcare - On average you would get 0.07\$ dividends per year per 1 icn, now you have:
For 100\$ per 1 ICN == 1428 years of getting dividends -> when people from dash scam wake up and join us & platform launches

What you are calculating its not really relevant.
Lets say you have 100k ICN
That means you would've got an ~ 7.000 USD / year dividends for an initial investment of ~ 14.000 USD (give or take). That means you would've got your investment back in about 2 years, and after, the following years 7000 USD / year its quite something in many parts of the world.
With dividends you would have an "endless" income stream to use.
With burning coins, maybe the price of each ICN would get higher (its no guaranty about this), but in order for you to actually use those gains you would need to diminish your amount of ICN and in the end have none. So, if the project its a success you will be able top actually enjoy the gains only by getting out of the project.

Would it be economical to eventually cash out your ICN back to ETH, and then put everything onto the platform? Correct me if I am wrong, but you could essentially cash out 10X your initial investment, toss it onto the iconomi platform, and just bank off of those returns.

As I recall as well, the returns were something like 20% per month, in that ballpark, so lets say you take your \$10,000 dollars you made from cashing out ICN, toss onto the platform, and every month receive about \$2,000 in returns. That is better than any dividends.

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petricag
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 March 28, 2017, 10:00:49 PM

Would it be economical to eventually cash out your ICN back to ETH, and then put everything onto the platform? Correct me if I am wrong, but you could essentially cash out 10X your initial investment, toss it onto the iconomi platform, and just bank off of those returns.

Cashing out means getting out from the project. So if I trust and like the project I have to choose among stay with an unrealized profit (which you cannot actually use) or sell and get out of the project.
The nice idea was have an "endless" income stream. If I would've wanted a 10x return I could've invest in polo ... several pump and dumps these days ... 2000 % daily increase.

As I recall as well, the returns were something like 20% per month, in that ballpark, so lets say you take your \$10,000 dollars you made from cashing out ICN, toss onto the platform, and every month receive about \$2,000 in returns. That is better than any dividends.
How do you receive \$2000 per month in return? Any profit will come only from selling your ICN ...
ghatts
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 March 28, 2017, 10:03:01 PM

Would it be economical to eventually cash out your ICN back to ETH, and then put everything onto the platform? Correct me if I am wrong, but you could essentially cash out 10X your initial investment, toss it onto the iconomi platform, and just bank off of those returns.

Cashing out means getting out from the project. So if I trust and like the project I have to choose among stay with an unrealized profit (which you cannot actually use) or sell and get out of the project.
The nice idea was have an "endless" income stream. If I would've wanted a 10x return I could've invest in polo ... several pump and dumps these days ... 2000 % daily increase.

As I recall as well, the returns were something like 20% per month, in that ballpark, so lets say you take your \$10,000 dollars you made from cashing out ICN, toss onto the platform, and every month receive about \$2,000 in returns. That is better than any dividends.
How do you receive \$2000 per month in return? Any profit will come only from selling your ICN ...

The iconomi platform is an investment platform where they use the money you invest to do whatever, and you receive returns. Since cryptos are so volatile this also means you can have big swings, but also super low dips.

I am talking about cashing out your ICN for ETH, then giving ETH to the iconomi platform under your account and receiving returns that way.
petricag
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 March 28, 2017, 10:06:36 PM

In the end, if no dividends ... why would anyone invest in this token ?
Because of the belief that the price will increase endlessly ?  That is just stupid. That is the definition of ponzi schema, in which your profit comes from hoping that some one else will buy from you at a higher price that what you have payed. You can try your luck with a lot of coins on Polo if that is the "business" model.
DomainMagnate
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 March 28, 2017, 10:07:49 PM

Oh Gosh.Now I repent my decision not to buy more ICN during low price
Enjorlas
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 March 28, 2017, 10:09:29 PM

Get ready for all the fud posts from people who do not understand economics.

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MalReynolds
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 March 28, 2017, 10:10:01 PM

With burning coins, maybe the price of each ICN would get higher (its no guaranty about this), but in order for you to actually use those gains you would need to diminish your amount of ICN and in the end have none. So, if the project its a success you will be able to actually enjoy the gains only by getting out of the project.

No!!!

ICONOMI burning coins INCREASES YOUR PROPORTIONAL SHARE in the ICN tokens that are left.  If you then choose to go and sell just enough coins at the theoretical slightly-higher price to PUT ONLY THE TRANSMITTED PROFIT IN YOUR POCKET, then the coins you have left represent the SAME PROPORTIONAL SHARE IN THE ICONOMI PROJECT that you had before the burn / profit distribution.

IF you correctly limit your personal ICN token sales after a burn / profit transmission, THEN you maintain a constant proportional level of ownership in overall ICN tokens PLUS you put profit from the ICONOMI project in your pocket.

BURNING PROFIT ICN NEVER FORCES ANYBODY OUT OF THE ICONOMI PROJECT.

THE KEY METRIC IS NOT HOW MANY TOKENS YOU HOLD - IT IS MAINTAINING A CONSTANT PROPORTIONAL OWNERSHIP IN THE PROJECT.
petricag
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 March 28, 2017, 10:12:41 PM

The iconomi platform is an investment platform where they use the money you invest to do whatever, and you receive returns. Since cryptos are so volatile this also means you can have big swings, but also super low dips.

I am talking about cashing out your ICN for ETH, then giving ETH to the iconomi platform under your account and receiving returns that way.

Cashing out ICN means selling your tokens ... why would I give my ETH to iconomi platform? Receive what returns? If I wanted to have profit from trading I would've just trade on my own.
Basically now there is no incentive to keep your ICN ... people will just sell and invest in the fund on the hypothetical platform / index. Again ... why would I buy this token even at 10k sats? Only for speculating on a price increase ?
Mendeleev
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 March 28, 2017, 10:13:10 PM

In the end, if no dividends ... why would anyone invest in this token ?
Because of the belief that the price will increase endlessly ?  That is just stupid. That is the definition of ponzi schema, in which your profit comes from hoping that some one else will buy from you at a higher price that what you have payed. You can try your luck with a lot of coins on Polo if that is the "business" model.

Petricag, have you sold your ICN? Or are you planning to?

Not trying to be rude, but I wouldn't bother hanging around to convince others of why this is a bad idea, if you're out yourself.

Best to let others decide on their own.

(Also, I am genuinely curious if you've sold, or if you're just hoping someone can convince you to hold)
Enjorlas
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 March 28, 2017, 10:16:31 PM

The iconomi platform is an investment platform where they use the money you invest to do whatever, and you receive returns. Since cryptos are so volatile this also means you can have big swings, but also super low dips.

I am talking about cashing out your ICN for ETH, then giving ETH to the iconomi platform under your account and receiving returns that way.

Cashing out ICN means selling your tokens ... why would I give my ETH to iconomi platform? Receive what returns? If I wanted to have profit from trading I would've just trade on my own.
Basically now there is no incentive to keep your ICN ... people will just sell and invest in the fund on the hypothetical platform / index. Again ... why would I buy this token even at 10k sats? Only for speculating on a price increase ?

The reason to hold is because the more revenue that Iconomi funds generate, the more ICN will be bought. Does that clear it up princess?

 ██████████████████████████████████████████ ▄███              ▄███▌ █             ▀▀▀██▄  █           ▄███▄▄ ▀▀▀█          █ █████▀▀▀▄▄         ▄██ ███▄    █        ▐███▀   ▀█   █        ████     █   █       ▄██▀▄█▄▄▄█▀   █       ▀▄▄███▌      █   ▄▄▄▀▀▀████       █ ▄▀    ██ ██       █▐▌     ██▌▐▌      ▀▄█      ██ █         ▀▄█      █▀▄▌          ██   ▄▀█▄██           ██ ▄▀      ▀▀▄▄▀▄     █▀▀             █    █               █  ▄▀               ▀▄█ ▀█████████████▄▄  ▀ ▀▀▀███████████████▌   ▀ ▀▀▀▀██▀▀▀▀▀▀██████         ▄███████▄      ▄▄███████▄    ▄███▄    ▄███▄ ▄███▄      ▄███▄▀ ▀▀▀▀█████▄▄▄▄▄▄█████▌       ▄████▀▀▀████▄   ▐████▀▀█████   ▀████▄  ▄████▀ █████▄    ▄█████    ▀▀███████████████▀       █████     ████▌          ████▌    ▀████████▀    █████▄  ▄█████▌   ▀ ▀████████████████▀ ▀    ██████████████▌   ▄▄██████████     ▄██████▄      █████▄▄█████▌     ██████      ██▀▀▀▀▀▀▀ ▀ █████▀▀▀▀▀▀▀▀    █████▀▀▀█████    ▄████████▄      ██████████▌     ██████▄▄▄▄▄▄██████▄ ▄    ████▄▄   ▄▄█▄   ████▄  ▄█████  ▄█████▀▀█████▄     ████████▌     █████████████████▀        ▀███████████   ▀████████████  ████▀    ▀████      ██████▌     ██████████████▀▀             ▀▀▀▀▀▀▀       ▀▀▀▀▀▀ ▀▀▀    ▀▀        ▀▀        █████                                                                                ▄█████                                                                            ▄███████▀                                                                            ▀████▀▀ ██████████████████████████████████████████ THE ALL-IN-ONE CRYPTOCURRENCY EXCHANGE         ............ANN THREAD  ●  BOUNTY THREAD  ●  FACEBOOK  ●  TWITTER  ●  TELEGRAM........... | ███████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████ | ✓ Instant Deposit✓ 24/7 Support✓ Referral Program
petricag
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 March 28, 2017, 10:21:12 PM

Petricag, have you sold your ICN? Or are you planning to?
Not trying to be rude, but I wouldn't bother hanging around to convince others of why this is a bad idea, if you're out yourself.
Best to let others decide on their own.
(Also, I am genuinely curious if you've sold, or if you're just hoping someone can convince you to hold)

I am a trader. Sold last time when got near 50k, bought back at 26k, sold some now at 50k again ... what is the relevance?
Some guys that said one thing in order to gather a lot of money are just constantly changing the rules of the game. And your problem is if I have or not and how much I have? Really? Why not just use arguments if you feel the need to discuss?
I will be out for sure after the big pump from Polo ... would be nice to see valid arguments to convince me that this is a good idea what is happening ... but unfortunately I see a very strong lake of arguments.
This guy (snkns) on redit here https://www.reddit.com/r/ICONOMI/comments/620clj/iconomi_introduces_repayment_programme/ its having some really valid concerns and seems that nobody comes to argue against ...
petricag
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 March 28, 2017, 10:25:22 PM

The reason to hold is because the more revenue that Iconomi funds generate, the more ICN will be bought. Does that clear it up princess?

No that does not clean anything. Why do I care how much Iconomi funds generate if I don't get anything from those profits except that they will burn some tokens and that in theory will increase the price of the remain tokens. It all resumes to trusting and hoping that some full will buy the tokens from you at a higher price ... which is something that you can hope at any shitcoin on polo ...
Mendeleev
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 March 28, 2017, 10:27:01 PM

Petricag, have you sold your ICN? Or are you planning to?
Not trying to be rude, but I wouldn't bother hanging around to convince others of why this is a bad idea, if you're out yourself.
Best to let others decide on their own.
(Also, I am genuinely curious if you've sold, or if you're just hoping someone can convince you to hold)

I am a trader. Sold last time when got near 50k, bought back at 26k, sold some now at 50k again ... what is the relevance?
Some guys that said one thing in order to gather a lot of money are just constantly changing the rules of the game. And your problem is if I have or not and how much I have? Really? Why not just use arguments if you feel the need to discuss?
I will be out for sure after the big pump from Polo ... would be nice to see valid arguments to convince me that this is a good idea what is happening ... but unfortunately I see a very strong lake of arguments.
This guy (snkns) on redit here https://www.reddit.com/r/ICONOMI/comments/620clj/iconomi_introduces_repayment_programme/ its having some really valid concerns and seems that nobody comes to argue against ...

Sorry mate, I should have been more clear. I'm out too. So I have no arguments for you

I was just wondering where you stood.

Like I say though, no point arguing with others here if you've made up your own mind. We'll go our way, and they'll go their way.

It's all good.
Enjorlas
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 March 28, 2017, 10:30:08 PM

The reason to hold is because the more revenue that Iconomi funds generate, the more ICN will be bought. Does that clear it up princess?

No that does not clean anything. Why do I care how much Iconomi funds generate if I don't get anything from those profits except that they will burn some tokens and that in theory will increase the price of the remain tokens. It all resumes to trusting and hoping that some full will buy the tokens from you at a higher price ... which is something that you can hope at any shitcoin on polo ...

My God, he doesn't understand supply and demand yet self identifies as a trader.

 ██████████████████████████████████████████ ▄███              ▄███▌ █             ▀▀▀██▄  █           ▄███▄▄ ▀▀▀█          █ █████▀▀▀▄▄         ▄██ ███▄    █        ▐███▀   ▀█   █        ████     █   █       ▄██▀▄█▄▄▄█▀   █       ▀▄▄███▌      █   ▄▄▄▀▀▀████       █ ▄▀    ██ ██       █▐▌     ██▌▐▌      ▀▄█      ██ █         ▀▄█      █▀▄▌          ██   ▄▀█▄██           ██ ▄▀      ▀▀▄▄▀▄     █▀▀             █    █               █  ▄▀               ▀▄█ ▀█████████████▄▄  ▀ ▀▀▀███████████████▌   ▀ ▀▀▀▀██▀▀▀▀▀▀██████         ▄███████▄      ▄▄███████▄    ▄███▄    ▄███▄ ▄███▄      ▄███▄▀ ▀▀▀▀█████▄▄▄▄▄▄█████▌       ▄████▀▀▀████▄   ▐████▀▀█████   ▀████▄  ▄████▀ █████▄    ▄█████    ▀▀███████████████▀       █████     ████▌          ████▌    ▀████████▀    █████▄  ▄█████▌   ▀ ▀████████████████▀ ▀    ██████████████▌   ▄▄██████████     ▄██████▄      █████▄▄█████▌     ██████      ██▀▀▀▀▀▀▀ ▀ █████▀▀▀▀▀▀▀▀    █████▀▀▀█████    ▄████████▄      ██████████▌     ██████▄▄▄▄▄▄██████▄ ▄    ████▄▄   ▄▄█▄   ████▄  ▄█████  ▄█████▀▀█████▄     ████████▌     █████████████████▀        ▀███████████   ▀████████████  ████▀    ▀████      ██████▌     ██████████████▀▀             ▀▀▀▀▀▀▀       ▀▀▀▀▀▀ ▀▀▀    ▀▀        ▀▀        █████                                                                                ▄█████                                                                            ▄███████▀                                                                            ▀████▀▀ ██████████████████████████████████████████ THE ALL-IN-ONE CRYPTOCURRENCY EXCHANGE         ............ANN THREAD  ●  BOUNTY THREAD  ●  FACEBOOK  ●  TWITTER  ●  TELEGRAM........... | ███████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████ | ✓ Instant Deposit✓ 24/7 Support✓ Referral Program
petricag
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 March 28, 2017, 10:32:51 PM

Like I say though, no point arguing with others here if you've made up your own mind. We'll go our way, and they'll go their way.

It's all good.

Its not all good. This is why most crypto related business have a scammy image.
You know SDC coin? All people were expecting a big news, price was up ... and then those fuckheads came and said well ... we'll just make a new ICO and bla bla bla ... they fucked people. Just like these guys are doing.
So they transformed a nice innovative token that could've hypothetically generate an income stream into a shitcoin from which you will be able to have profit if you find a bigger looser to buy it from you ... genius.
honolulumark
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MOONING

 March 28, 2017, 10:33:20 PM

Alright, finally some good news.
petricag
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 March 28, 2017, 10:36:11 PM

My God, he doesn't understand supply and demand yet self identifies as a trader.

I understand very well the supply and demand. But do you understand that there is no reason for a demand ? Other that hoping to sell to a bigger looser ?
I can also come with a token and say 1k tokens in existence ... please buy in ... I promise I will burn half of coins each month ... where is the demand? Just because I promise to burn some of the coins people will jump in and buy ?
Nachbar90
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 March 28, 2017, 10:38:25 PM

The reason to hold is because the more revenue that Iconomi funds generate, the more ICN will be bought. Does that clear it up princess?

No that does not clean anything. Why do I care how much Iconomi funds generate if I don't get anything from those profits except that they will burn some tokens and that in theory will increase the price of the remain tokens. It all resumes to trusting and hoping that some full will buy the tokens from you at a higher price ... which is something that you can hope at any shitcoin on polo ...

Why hoping that someone will buy them, when there is always Iconomi buying them back at any price? That´s the reason ICN will appreciate in price, even if nobody else comes arround to buy

JOIN OFFICIAL ICONOMI SLACK FOR INSTANT NEWS FROM THE TEAM - http://iconominet.herokuapp.com
cabron
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 March 28, 2017, 10:43:56 PM

Like I say though, no point arguing with others here if you've made up your own mind. We'll go our way, and they'll go their way.

It's all good.

Its not all good. This is why most crypto related business have a scammy image.
You know SDC coin? All people were expecting a big news, price was up ... and then those fuckheads came and said well ... we'll just make a new ICO and bla bla bla ... they fucked people. Just like these guys are doing.
So they transformed a nice innovative token that could've hypothetically generate an income stream into a shitcoin from which you will be able to have profit if you find a bigger looser to buy it from you ... genius.

Apparently there is no consensus here, your vote doesn't count and fuck they burn all your dollars to the ground. So if you wanna sell, sell it now before someone else have a better understanding of this situation dumps his hundred thousands to plummet the price to its grave.

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Wapinter
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 March 28, 2017, 10:44:27 PM

My God, he doesn't understand supply and demand yet self identifies as a trader.

I understand very well the supply and demand. But do you understand that there is no reason for a demand ? Other that hoping to sell to a bigger looser ?
I can also come with a token and say 1k tokens in existence ... please buy in ... I promise I will burn half of coins each month ... where is the demand? Just because I promise to burn some of the coins people will jump in and buy ?
No.People will jump in to buy something  which they know will appreciate in value after few time.They know they can always sell their ICN at higher price.This will encourage trading of ICN like btc.Why do most traders buy btc?obviously to sell it at higher price same will work for ICN now.Buy sell buy sell and make profit each time

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